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2023-08-31-accounts

REGISTERED COMPANY NUMBER: 05903838 (England and Wales) REGISTERED CHARITY NUMBER: 1117322

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL. STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GREATWOOD CHARITY LIMITED Limited by guarantee

GREATWOOD CHARITY LIMITED

Contents of the Financial Statements

for the Year Ended 31 August 2023

Page
Report ofthe Trustees 4-12
Report ofthe Independent Auditors 13-15
Statement of Financial Activities 16-17
Balance Sheet 18-19
Cash Flow Statement 20
NotestotheFinancialStatements 21-32

Greatwood Charity Limited

Trustees Report for the year ended 31 August 2023

Trustees who are also Directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31 August 2023. The Trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees confirm that the Annual Report and Financial Statements of the Company comply with the current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’.

The Company also trades under the names Greatwood Caring for Retiring Racehorses and Children with Special Needs and Greatwood.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity’s objects (the objects) are:

The Trustees have referred to the guidance contained in the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives and in planning its future activities.

OBJECTIVES AND ACTIVITIES

Public Benefit

Greatwood confirms that it complies with its duty in line with the Charities Act 2011 and that there is due regard to the public benefit guidance published by the Commission. The charity trustees have regard to the commission's public benefit guidance when exercising any powers of duties to which the guidance is relevant.

Greatwood carries out the charity's purpose for public benefit and is an integral part of a charity's purposes. To further comply with the Charity Commission’s guidance on Public Benefit, Greatwood’s activities can be accessed and inclusive to all ages in the community as opposed to solely young people (as was the case prior to adding the additional object f).

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

Greatwood satisfies the two key principles given by the Charity Commission as follows:

Principle 1 -- the identifiable benefit or benefits are all related to the aims of the charity

~ promoting the environment and anima! welfare — assisting the young/aged or disabled ~ advancement of education

Principle 2 - the beneficiaries are appropriate to the aims principle and the opportunity to benefit is not unreasonably restricted either geographically or financially.

Horseracing remains the second largest spectator sport in Great Britain; Greatwood satisfies any possible public concern regarding the welfare of former racehorses. Greatwood was the first charity to utilise former racehorses in educational programmes for children and young people. Greatwood aims to transform the lives of vulnerable and disadvantaged children and young people aged 5-24, from challenging environments through inspiration and aspiration, by providing a unique learning and sensory experience that would be impossible for them without visiting Greatwood.

Greatwood is accredited by The Wiltshire Council as an Alternative Provider of Personalised Learning and a Provider of Positive Activities for Young People.

Members of the public are invited to Greatwood and can participate in any educational programmes and are actively welcomed to volunteer at Greatwood, this commitment was particularly apparent in 2023 when an unprecedented number of volunteers assisted on the 25" Birthday Party celebrations.

Following the success of the pilot initiative in taking a former racehorse to visit a care home in Marlborough, Greatwood demonstrated its commitment to serve the local community and widen its outreach by arranging weekly visits to two care homes during the surmmer months.

Greatwood acts as a catalyst for individuals from any walk of life to achieve success and employment within the industry, thereby improving mental wellbeing, self-esteem and a sense of worth with the direct aim of making a real difference to their future lives and careers as well as facilitating their social mobility.

Risk Management

The trustees confirm that the major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems and procedures established to manage those risks.

Protection of the children under our care from harm is the highest operational priority of Greatwood and is therefore the source of the greatest potential risk. The charity has Safeguarding and Child Protection policies in place which are reviewed at Jeast annually. All schoo! staff are subject to mandatory training around safeguarding and child protection. The safeguarding practices are regularly reviewed by both dependent and independent persons and bodies. These reviews are in full accordance with relevant legislation and best practice. Full training and support are given to all relevant staff.

The assessment of risk in decrease of funding from The Racing Industry outlined in the year end 2022 accounts was correct. Despite being invited to bid for funding from the newly appointed (British Horseracing Authority) Horse Welfare Board, the Trustees and Directors declined. Greatwood had been invited to take in horses directly out of training. The horses entering the charity would have a commercial value and wouldn’t necessarily require charitable intervention. This would not comply with The Charity Commission guidance on Public Benefit.

The increased cost of living has affected and will continue to affect utilities, fertiliser, fuel, and hard food thus rendering unpredictability in cash flow forecasts and budgets.

Increased cost of staffing owing to the rising rates of both National Insurance and Tax together with The National Living wage increase will affect the number of staff that can be employed, this in turn will affect the number of horses that can come under Greatwood’s umbrella.

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

The upsurge in the cost of living could result in either rehomed horses having to return to us, or a noticeable increase in the number of horses in the ‘at risk’ category needing charitable intervention.

Maintaining Greatwood’s hallmark of leadership, sustainability, innovation and evidence of outcomes in the light of the above risks makes it a challenge for Greatwood to continue exhibiting these traits and the implications of these factors upon fundraising.

The SEND market is highly competitive due to the devolution and reduction of schoo! budgets, competition from schools’ in house teams and other SEND providers. The puts downward pressure on fees and leads to fewer referrals.

Increased number of other organisations adopting Animal Assisted Intervention thereby diluting funding streams.

Reserves Policy

The charity holds both restricted and unrestricted reserves to meet its charitable objectives. Restricted reserves exist for both the educational programmes and for capital items within Greatwood.

The Trustees have agreed a policy that the unrestricted funds held by the Charity not committed or invested in tangible fixed assets (‘free reserves') should be equivalent to twelve months, or 100%, of the resources expended. In 2023 this latter figure equated £640,492 (2022 £615,487). The level of free reserves stood at £413,132 (2022 £424,771).

Volunteers

Greatwood is mindful of the benefits that volunteers can bring to the charity, and actively encourages their participation. Volunteers can increase the impact, can bring a diversity of skills, boost visibility, and can be turned into advocates. Volunteering has been shown to improve wellbeing too; helping out naturally makes someone feel good and at the same time can also enable the volunteer to gain valuable skills and boost confidence, enabling Greatwood to satisfy its aims and objectives.

The Greatwood 25" Birthday Party held in June attracted a significant and increased number of individuals and groups who volunteered their help in creating a memorable occasion. Volunteers ran the dog show, helped put up the bunting and place the bales and trestle tables in the yard for tea. The trestle tables were lent to us by The Wiltshire Agriculture Convention Group. Volunteers baked cakes, ran stalls and Wroughton Silver Band volunteered to play throughout the afternoon.

Companies are increasingly able to understand and act on their obligations to stakeholders and the broader community. As a result, over the last year Greatwood has built a strong relationship with the volunteers from Nationwide, Octopus and Zoetis, and there has been a commitment to continue in 2024.

The number of volunteers trebled in 2023.

STRATEGIC REPORT

ACHIEVEMENT AND PERFORMANCE

Main Activities and Achievement During the Year

Recognising the secret of sustainability is navigating ever changing circumstances.

Helen Yeadon, co Founder and Managing Director was awarded an MBE in the New Year of 2023 in recognition of her services to former racehorses and disadvantaged children.

Greatwood updated the business plan in 2022 and maintain the plan as a living document and adjusts the adopted strategies to reflect the following:

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

An average of 35 horses were kept on the farm and used for Animal Assisted Intervention. Six horses required charitable intervention and entered Greatwood. Owing to age, infirmity, and veterinary issues, and to comply with our euthanasia policy, ten horses had to be put to sleep.

In November, the DSL. attended the annual Launch 2 Learning Collaborative Conference which addressed the relationship between commissioners, alternative provisions, and the local authority, and how to demonstrate quality assurance, best practice and accountability when working with vulnerable learners.

In June Greatwood was invited to attend a session hosted by the local Area Board to better understand connected relationships within the community and the Five to Thrive (FiTT) methodology. The communitybased project focuses on supporting people to manage overwhelming stress, to recover from trauma and to build resilience.

The Swindon-based Youth Adventure Trust (YAT) once again sent 13 learners and their support staff for one day in the February half term. The group consisted of a mix of 12- and 13-year-olds from across the Swindon and Wiltshire area. Whilst at Greatwood, they were able to have a ‘taster’ of the equine industry with the opportunity to muck out, groom and lead. The feedback was positive, and it was agreed that the partnership will continue, with two groups booked in for the 2024 February half term.

Youth Action Wiltshire ~- a local charity that provides services and support for young carers in Wiltshire ~ attended four ‘experience’ sessions across the academic year, during the half term and summer breaks. The groups were well populated, with 42 learners taking part overall and enjoying a range of practical tasks/duties to highlight some of the opportunities that may arise for them in the future. Following the successes and positive feedback, these sessions have been agreed to continue in the next academic year.

In January 2023 we commenced the second round of the EBSR programme. The cohort was recruited from the public, 7 self-selected individuals with a range of mental wellbeing struggles. The demographics of the group were 14% male, 86% female, with all participants white, British ethnicity. 2 participants were directed to us by local council/social prescribers and made up 2 of the 4 completers of the course. The other 5 participants were members of the public that found us through our social media campaign. Maintaining Greatwood’s commitment to demonstrate outcomes, of the 4 that completed the course, 100% of them showed improvement in wellbeing, recorded as a positive increase in scores on the WEMWBS scale. Examples of personal goals included learning new coping strategies for stress, being able to designate more 'me-time’ and relax more, to be able to like myself more, to learn about horses, their behaviour as well as mindfulness and yoga.

Feedback from participants described examples of changes in their lives and wellbeing strategies: ‘It has been valuable to acknowledge the negatives In my life and recognise that there is a lot that is out of my conirol, but also to fully notice and enjoy the positives. | feel more balanced and better able to respond to the negatives.’

‘Having the tools and time to focus on what really matters to me has been invaluable."

'The most amazing, rewarding experience. Push through your fear/anxiety - it's worth it.’

At the heart of a well-connected community is strengthening & extending informal networks, supporting partnerships working across boundaries & promoting social cohesion. By working collaboratively with care home providers Greatwood is able to support these goals within the council's mission. A vibrant community is a healthy, supportive, resource-rich environment that inclusively taps human & economic capital to thrive and grow together, something that our project encapsulates perfectly.

Greatwood’s care home outreach programme, in partnership with Racing Together and Retraining of Racehorses, resumed, with six visits to a private care home in Aldbourne. Eight core participants were identified, and data collection formalised. The resulting anecdotal data highlights a positive impact, however the hard data from these participants has proven inconclusive. The data gathered during a repeat visit to OSJCT, to complete in September, will provide firmer insight into the impact.

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

The U3A (University of the Third Age) is a group of retirees dedicated to continuing their learning and involvement in the community and they were interested in knowing more about Greatwood and what goes on in our green sanctuary just outside of Marlborough. In July, Greatwood was asked to speak at a coffee morning being held at the assembly rooms in Marlborough Town Hail for their members. This provided an opportunity to showcase the education and wellbeing programmes on offer and explore the underlying mechanisms of animal assisted interventions that make it so effective.

Following the success of the previous year, Newbury Racecourse continued the partnership with Greatwood. Newbury Racecourse created a purpose-built branded stable on site for a Greatwood retired racehorse. The benefit of this initiative is two fold in not only introducing the public to racing’s commitment to welfare but also establishing a connection to a significant number of people that may not have been already familiar with Greatwood's work.

Greatwood suffered the sudden sad loss of the flagship horse Ouzbeck to colic. The advancing years of Ouzbeck did mean that another horse had been assessed to adopt this important role should anything befall Ouzbeck. Mahlervous, a considerably younger horse (already used for care home visits), took on this important job, and although he was slightly discomfited by the proximity of the trains, he did become more accustomed to his responsibility and seemed to relax and enjoy it.

The Great Big Greatwood Birthday Party was the highlight of the year for Greatwood, the Greatwood Guardians and the surrounding community. The event was held in June to celebrate the 25 years since Greatwood was founded. The weather was kind, bunting adorned the yard, trestle tables were arranged down the yard so that guests may sit and enjoy their picnics. There were stalls, including face painting and a bouncy castle all of which were sponsored by local businesses. Wroughton Silver Band played throughout the afternoon.

STRATEGIC REPORT

ACHIEVEMENT AND PERFORMANCE

Main Activities and Achievement During the Year

Education

In line with the charity's overarching objectives, the alternative education provision delivered by Greatwood continues to work as a transitional aid to encourage learners back into full-time education. In addition, the programmes offered promote continued positive engagement and the development of transferrable skills for future employment.

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

Current alternative education programmes on offer

Horse Power™ and Horse Power Plus™

The Horse Power™ suite of programmes continue to be popular, with a number of long-term partner schools continuing to make extended referrals for the full academic year. As with previous years, the course curriculum develops and adapts to meet the needs and demands of each learner. A total of 59 referrals were made between Horse Power™ and Horse Power Plus™, with the Horse Power™ group programmes proving to be more popular (34 learners),

Developing Confidence

Greatwood's Developing Confidence programme has continued to be offered as both group and one-toone sessions, stemming from an increase in the number of external agency referrals looking to place their young people in safe and supportive settings. In addition, we have added an additional unit (Interpersonal Skills) which has allowed for the length of the programme to be extended and learners to spend more time at Greatwood and gain additional qualifications. A total of 32 learners completed the programme in 2022/23, a decrease of 32% on the previous academic year, which could be attributed to the need for increased 1:1 provision rather than group sessions.

Post-16 Provision

Once again, our 1*4sport accredited Get Going programme (EL2 Award in Assisting with Basic Care of Horses) was offered and run twice within the academic year — April and August ~ with a total of 11 learners completing. During the week-long programme the learners were fortunate enough to visit two top racing yards -- Kubler Racing Ltd in April and Clive Cox Racing in August ~ which allowed for a valuable ‘real life’ insight to the industry and the opportunities available to them on achievement.

Our Initial Bit (EL3 Award in Recognising, Putting on and Cleaning Saddle and Bridle) programme also had five enrolments, but was only offered once during the academic year due to low numbers. Two of the learners did not attend their final assessment and so unfortunately cannot be considered as ‘achieved’ at this stage, however they have been contacted to offer the opportunity to return within the next few months and complete the assessment,

Short courses and pilot programmes

Quality Assurance

As a low-risk centre, Greatwood was not due to have an in-person visit from either awarding body during the 2022-23 academic year, however NOCN requested a remote sampling/monitoring and feedback session which took place in February. The report provided was positive, no sanctions were applied and once again Greatwood was deemed a low-risk centre. It is anticipated that an onsite monitoring visit will take place again in February 2024 and that the quality assurance team from 1*4sport will also conduct a review.

Staff CPD

In line with the guidance provided by the Wiltshire Safeguarding Vulnerable People Partnership (WSVPP) and the Wiltshire Alternative Provision team, all Greatwood staff received up to date safeguarding training via an in-house session delivered by the Designated Safeguarding Lead (DSL).

The DSL also completed both the Level 1 Safeguarding Children and Level 1 Safeguarding Everyone training, alongside a Diversity and Inclusion in Racing module. As Education and Wellbeing Lead, the Data Protection and Internal Quality Assurance training were updated.

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

The new Charity Administrator completed training to include:

GPDR, Blackbaud, Safer Recruitment and Level 1 Safeguarding everyone.

The Head of Equine will complete Internal Quality Assurance training in 2024.

All education staff will continue to be aware of any update to education provision, both locally and nationally, and will undertake training as and when deemed necessary.

Case Studies:

theMC Developingstarted at GreatwoodConfidenceinprogrammethe Septemberwhichof 2022supportedto supporthim witha phasedhis socialreturnskills toand school,lack ofbeginning self-esteem. with MC was quite an anxious individual, so we implemented lots of activities for him to engage with staff at Greatwood throughout his time here. In addition, he learnt basic animal care through utilisation of the Five Freedoms. He was a valued learner and excelled with all tasks given.

After the completion of Developing Confidence, MC decided he wanted to continue at Greatwood and so was enrolled onto the Get Going programme. His confidence grew with each session whilst learning all about colours, points, and markings, skipping out and health checking. He understood the reasons behind why the animals need to be regularly checked for health and learnt about their behavioural patterns and his own,

Prior to Greatwood’s Presentation Day at the end of the academic year, MC asked not to be called up to receive his certificates, but when his name was mentioned on the day, he strolled very confidently down the aisle in front of the crowd to acknowledge his achievements. A very proud moment for all.

Although very anxious about them, MC was able to sit and obtain several GCSEs, despite having hardly attended school. He has since enrolled onto a Foundation and Level One Art programme at college and is attending regularly. He is still slowly working towards making friends and expanding his social circle.

His mum Pauline commented several times how much MC enjoyed attending Greatwoad and how it has not only helped him with the ‘outside’ world but also to be more considerate around the house.

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

AM was referred to Greatwood in January 2023 by the Wiltshire Council SEND and Inclusion Team. Having not long moved into the county, AM was not attending an educational setting as she required a specialist provision to meet her needs. Although she was being home educated by a tutor, she was lonely and missing interactions outside of her household, however she was very anxious about socialising and would only do so if she knew where she was going and what she would be doing.

Her start at Greatwood was delayed until the beginning of March due to a transport issue, but once she arrived on that first session, she was determined to get straight to work. Enrolled onto our Developing Confidence programme, AM engaged with all tasks set to her and did not allow the necessity of using a wheelchair stymie her activity or her enthusiasm.

Since leaving Greatwood AM has moved out of county but is looking to enro] back into mainstream education and continue with her studies. She has asked to be updated about any other programmes available at Greatwood as she would love to come back again.

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PR was referred to Greatwood by a local primary school for the HorsePower Plus programme in January 2023 following receipt of an EHCP. Greatwood was asked to provide alternative provision, in tandem with his mainstream education, whilst a specialist ASD provision was sought.

PR struggled to settle in a mainstream setting and his teachers wanted him to build his confidence, be happy to attend and fo develop a sense of wellbeing. Working one-to-one with Greatwood’s SEND TA allowed him space and time to ‘be himself’ whilst being active and engaged. He also proved to have a very creative imagination and would spend much of his sessions verbalising a scene involving the Greatwood animals as he worked to care for them. Subsequently, PR continued to attend Greatwood for the rest of the academic year, with the aim to start at a new specialist school in September 2023.

At the end of the HorsePower Plus programme, PR’s mum said that ‘(he) has been much happier since...Greatwood. He has been less angry and frustrated. You've helped us find a happy (PR) again!’

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

Future Plans

The core educational programmes on offer at Greatwood for the next academic year (2023-24) will remain as:

Horse Power™ and Horse Power Plus™

Developing Confidence Get Going - EL.2 Award in Assisting with Basie Care of Horses Initial Bit - EL3 Award in Recognising, Putting on and Cleaning Saddle and Bridle

In addition to these core programmes, a third session of the EBSR programme will be offered in September 2023 to a different cohort to expand the feedback and data gathered. This will then allow the programme to be further developed and adapted to meet identified needs and it is then anticipated that it will be added permanently to our educational offer.

Greatwood will continue to work alongside Wiltshire SEND team, whose 2020-2024 Inclusion Strategy cites their vision as working together to create an environment where “children and young people with SEND and their families will have a voice that is heard. They will know how to access and be able to access the joined-up support they need to thrive in their communities, to enjoy life and reach their full potential’. Wiltshire SEND and Early Help teams continue to actively refer schools, and individuals, to Greatwood as the ‘right’ accessible provision for learners whose needs are not being fully met in mainstream education.

The partnership with the Youth Adventure Trust will continue into the new academic year, with two days in February already being booked. in addition, Greatwood will further expand its collaboration with other charities, including Youth Action Wiltshire and Wiltshire Mind, developing programmes that meet the needs of the local community.

Youth Action Wiltshire have agreed to another two full days in line with the previous offer and have also booked for two overnight stays during the Easter break. The six learners and their support will make use of the onsite accommodation and will be given the opportunity to have a fully immersive experience on the yard.

A new partnership with Wiltshire Mind will see the development of a small wellbeing group -- attended by Wiltshire Mind service users — that will focus on the reinvigoration of the wildlife/sensory garden area and allow the participants time to better understand their own mental health needs whilst also supporting Greatwood,

The community outreach programme at OSJCT Coombe End Court will complete the final few sessions of the current intervention in September 2023 and the data collected will collated and analysed to determine impact once again.

There is to be a planned focus on generating more Greatwood Guardians during the coming year. Greatwood will hold a Guardians Day in June 2024 and The Presentation Day in July 2025. Negotiations to continue Greatwood’s partnership with Newbury Racecourse will commence at the end of 2023.

STRATEGIC REPORT

ACHIEVEMENT AND PERFORMANCE

Main Activities and Achievement During the Year

Charity Administration

The open rate for the E-newsletter, which is sent to approximately 340 supporters, maintains an open rate of 59.9%, well above the average of 28% for the charity sector (06/04/2023, Neonone.com), On average, 190 newsletters are sent by post each time. Newsletters are being sent to all Guardians, as well as key individuals and high value donors.

An on-site audit was carried out by Wiltshire Council, during which our Central records database of staff and their safeguarding details was fully compliant.

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

Raiser’s Edge reporting

Donor retention by the end of the financial year had decreased by 6.64%, back to the level seen in the previous year. Retained revenue has increased, which is probably in part due to a correction back from a lower figure in 2022 which was itself due to the migration from Harlequin to Raiser’s Edge.

The donor recapture rate Is higher than in 2021 — 2022 and we recapture most of our donors through the Winter Appeal in November and December each year. Recaptured donors are those who have given after more than 15 months since their previous gift, so we can link this to our slightly reduced Retention rate, in that we have recaptured more of our donors who may not have given within 15 months. As the Winter Appeal is only every 12 months, we can see that we are recapturing different donors each year.

Donor acquisition has fallen for this financial period by 4.41%, with 117 new donors who gave for the first time, compared to 170 new donors in 2021 ~ 22.

Other Areas

Efficiency Raiser's Edge NXT is now extensively used on a daily basis for data recording, gift processing, analysis and reporting.

Fundraising channels

The annual audit of policies was begun in August, to be completed during the Autumn, with the addition of newly required policies and the updating of those already in place. These are held onsite and uploaded to the Greatwood website.

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

REFERENCES AND ADMINISTRATIVE DETAILS

Registered Company Number 05903838 (England and Wales)

Registered Charity Number 1117322

Registered Office Rainscombe Hill Farm Marlborough Wiltshire SN8 4DT

Trustees Mrs H Yeadon MBE Director Revd J D Hummerstone Director Mr R Powell Director Mrs A K Cocks Director Mr |] James Director

Company Secretary Mrs H Yeadon

independent Auditors Wenn Townsend Chartered Accountants Gosditch House 5 Gosditch Street Cirencester Gloucestershire GL7 2AG

Bankers Weatherbys Sanders Road Wellingborough Northamptonshire NN8 4BX

Solicitors Awdry Bailey & Douglas 33 St Johns Street Devizes SN10 1BW

Accountants AMM Bookkeeping & Accountancy 4 Longlands West End Gardens Fairford Gloucestershire GL7 2LG

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Greatwood Charity Limited

Trustees Report (continued) for the year ended 31 August 2023

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees (who are also the Directors of Greatwood Charity Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing those Financial Statements, the Trustees are required to:-

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:-

AUDITORS

The auditors, Wenn Townsend Chartered Accountants, will be proposed for reappointment at the forthcoming Annual General Meeting.

Report of the Trustees incorporating a strategic report, approved by order of the Board of Trustees, as the Company Directors, on 29 April 2024 and signed on the Board’s behalf by:

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Greatwood Charity Limited

Report of the Independent Auditors to the Trustees for the Year Ended 31 August 2023

Opinion

We have audited the financial statements of Greatwood Charity Ltd (the ‘Charity’) for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Greatwood Charity Limited

Report of the Independent Auditors to the Trustees for the Year Ended 31 August 2023

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement, set out on page 17, the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, The Trustees are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

As explained more fully in the Trustees’ responsibilities statement set out on page 10, the Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

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Greatwood Charity Limited

Report of the Independent Auditors to the Trustees for the Year Ended 31 August 2023

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned , scope and fiming of the audit and significant audit findings, including any significant deficiencies in (aSinternal control that wis we identifyranma, during quraudit.

Wenn Townsend Chartered Accountants Eligible to act as an auditor in terms of Sectlon 1212 of the Companies Act 2006 Gosditch House 5 Gosditch Street Cirencester GloucestershireDate: — ers. GL70 2AG | WA. Pea a 15

Greatwood Charity Limited

Statement of Financial Activities including Income and Expenditure Account for the Year Ended 31 August 2023

Year
Ended
31 Aug 23 31 Aug 22
Unrestricted Restricted Designated Total Total
Fund Funds Fund Fund Fund
£ £ £ £ £
INCOME AND
ENDOWMENTS FROM
Donations and legacies 2 409,161 - - 409,161 443,638
Charitable activities S
Horsewelfare - 3,271 ~ 3,271 20,900
Education and therapy - 153,976 - 153,976 121,545
Fundraising activities 3 32,946 . - 32,946 39,531
Investment income 4 3,320 - - 3,320 221
Otherincome 11,560 “ - 11,560 10,814
Total 456,987 157,247 ~ 614,234 636,649
miata
EXPENDITUREON
Raising funds 6 63,702 - - 63,702 145,350
Charitable activities t
Horsewelfare 300,480 3,271 - 303,751 238,381
Education and therapy 97,182 175,857 - 273,039 231,756
Total 461,364 179,128 - 640,492 615,487
NET
EXPENDITUREKINCOME)		 (3,377) (21,881) - (26,258) 21,162
Investment property - - 21,824 21,824 -
revaluation
Transfers between funds 17 - - - - ~
Netmovement in funds (3,377) (21,881) 21,824 (4,434) 21,162
RECONCILIATION OF
FUNDS
Totalfundsbroughtforward ATS454 62,989 293,646 832,089 810,927
-
TOTAL FUNDS CARRIED
FORWARD 471,077 41,108 315,470 827,655 832,089

CONTINUING OPERATIONS

All income and expenditure have arisen from continuing activities

The notes form part of these financial statements

16

Greatwood Charity Limited

Statement of Financial Activities including Income and Expenditure Account for the Year Ended 31 August 2023

2022 Comparative Balances

31 Aug 22
Unrestricted Restricted Designated Total
Fund Funds Fund Fund
£ £ £ £
INCOME AND
ENDOWMENTS FROM
Donations and legacies
Charitable activities		 2
5		 443,638 - . 443,638
Horse welfare ~ 20,900 - 20,900
Education and therapy - 121,545 - 121,545
Fundraising activities 3 39,531 - - 39,531
Investment income 4 221 - - 221
Otherincome 10,814 - - 10,814
Total 494,204 142,445 - 636,649
-
EXPENDITURE ON
Raising funds 6 145,350 - - 145,350
Charitable activities 7
Horse welfare 213,661 24,720 . 238,381
Education and therapy 91,285 140,471 ~ 231,756
Total 450,296 165,191 - 615,487
NETEXPENDITURE/(INCOME 43,908 (22,746) - 21,162
Transfers between funds 17 ~ - - -
Netmovement infunds 43,908 (22,746) - 21,162
RECONCILIATIONOFFUNDS
Totalfundsbroughtforward 431,546 85,735 293,646 810,927
TOTAL FUNDS CARRIED
FORWARD 475,454 62,989 293,646 832,089

17

Greatwood Charity Limited

Balance sheet At 31 August 2023

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |31|Aug|23|31|Aug|22| |Unrestricted|Restricted|Designated|Total|Total| |Fund|Funds|Fund|Fund|Fund| |Note|ra|£|£|=| |FIXED|ASSETS| |Tangible|assets|12|51,946|32,571|65,470|149,987|120,932| |Intangible|assets|12a|§,999|-|-|5,999|16,222| |57,945|32,571|65,470|155,986|136,154| |CURRENT ASSETS| |Stocks|13|15,229|~|-,|15,229|16,919| |Debtors|14|23,211|-|-|23,211|16,097| |Prepayments|and|accrued| |income|14|171,781|-|-|171,781|24,118| |Cash|at|bank|and|in|hand|229,137|8,537|250,000|487,674|666,354| |439,358|8,537|250,000|697,895|723,488| |CREDITORS| |Accounts|falling|due|within| |one|year|15|(26,226)|-|-|(26,226)|(27,553)| |NET CURRENT ASSETS|413,132|8,537|250,000|671,669|695,935| |TOTAL|ASSETS|LESS| |CURRENT|LIABILITIES|471,077|41,108|315,470|827,655|832,089| |NET ASSETS|471,077|41,108|315,470|827,655|832,089|

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The notes form part of these financial statements

18

Greatwood Charity Limited

Balance sheet (continued) At 31 August 2023

31 Aug 23 31 Aug 22
Total Total
Fund Fund
Notes = £.
16
FUNDS
Unrestricted Funds:
General Fund 471,077 475,454
Restricted Funds:
Restricted Funds- Education 4,094 12,149
Restricted Funds—Outside classroom 1,464 1,785
Restricted Funds—Classroom 2,046 4,131
Restricted Funds -~ Poo picker
Restricted Funds ~-CCTV		 1,943
6,884		 2,627
8,659
Restricted Funds—Bungalow
Restricted Funds—Sensory garden
Restricted Funds—Garden		 23,201
930
545		 28,432
1,202
670
Restricted Funds—CRM 1 3,334
Restricted Funds— Horses - -
41,108 62,989
_
Designated Fund
Property Purchase		 315,470 293,646
TOTALFUNDS 827,655 832,089

The Charitable Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financlal statements.

These financial statements have been audited under the requirements of Section144 of the Charities Act 2011 and have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime in accordance with FRS102 SORP.

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The financial statements were approved by the Board of Trustees on 29 April 2024 and were signed on its
behalf by:
The nofes form/part of these financial statement
19
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Greatwood Charity Limited

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|||||||||| |---|---|---|---|---|---|---|---|---| |Cash|Flow|Statement| |for the|year ended|31|August 2023| |31|Aug 23|31|Aug|22| |Notes|£|£| |Cash|flows|from|operating|activities:| |Cash|generated|from|operations|20|125,059|82,840| |Finance|costs|(657)|(599)| |Net cash|provided|by (used|in)|operating|activities|(125,716)|82,241| |Cash|flows|from|investing|activities:| |Purchase|of tangible|fixed|assets|(57,220)|(49,012)| |Purchase|of intangible|fixed|assets|(144)|(1,784)| |Sale|of tangible|fixed|assets|1,080|-| |Interest|received|3,320|221| |Net cash|provided|by|(used|in)|investing|activities|(52,964)|(50,575)| |Cash|and|cash|equivalents|in|the| |reporting|period|(178,680)|31,666| |Cash|and|cash|equivalents|at the| |beginning|of the|reporting|period|666,354|634,688| |Change|in|cash|and|cash|equivalents|at the|end| |Of the|reporting|period|487,674|666,354|

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The notes form part of these financial statements

20

Greatwood Charity Limited

Notes to the Financial Statements for the year ended 31 August 2023

General information The company is a private company limited by guarantee, registered and incorporated in England and Wales. The address of the registered office is Rainscombe Hill Farm, Clench Common, Marlborough, Wiltshire SN8 4DT.

  1. AGCOUNTING POLICIES

Basis of preparing the financial statements The financial statements of the Charitable Company, which is a public benefit entity under FRS 402, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Charity has taken advantage of the concession available to small charities not to categorise incoming and expended resources by activity but to disclose them in natural categories,

Going concern The Charity has considered going concern and has taken the view that this is not an issue.

Income All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure. It is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs Costs directly allocated to activities are directly identifiable as wholly or mainly in support of the Charity’s objectives.

Support costs have been directly attributed to the objects of the Charity where possible. The remaining support costs, overheads and other costs not directly attributable to particular functional activity categories have been apportioned over the relevant categories on the basis of management estimates for the amount attributable to that activity in the year.

Governance costs are those incurred in connection with enabling the Charity to comply with external regulation, constitutional and statutory requirements and in providing support to the Trustees in the discharge of their statutory duties.

Fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

21

Greatwood Charity Limited

Notes to the Financial Statements (continued)

for the year ended 31 August 2023

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

Taxation

The Charity is exempt from corporation tax on its charitable activities.

Funding accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees, Designated funds are unrestricted funds set aside by the Directors out of unrestricted general funds for specific future purposes or projects

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits

The Charitable Company operates a defined contribution pension scheme. Contributions payable to the Charitable Company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.

DONATIONS AND LEGACIES

Year ended Year ended Year ended
31 Aug 23 31 Aug 22
¥ £
Donations 73,041 98,457
Gift Aid 11,678 3,709
Legacies 240,487 205,970
Grants 83,955 135,502
Donated services and facilities - -
409,161 443,638
Grants received, included in the above, are as follows:
; Year ended Year ended
31 Aug 23 31 Aug 22
£ £
Retraining ofRacehorses 21,000 62,000
Various 62,955 73,502
83,955 135,502

22

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

3. FUNDRAISING ACTIVITIES
Year ended Yearended
31 Aug 23 31 Aug 22
E £
Sale ofmerchandise - 250
Sponsorships
Lottery		 13,800
7,304		 4,000
7,354
Newbury
Appeals
Walk ofFame		 -
11,660
182		 11,162
16,627
138
32,946 39,531
4, INVESTMENT INCOME
Year ended Year ended
31 Aug 23 31 Aug 22
5 £
Deposit account interest 3,320 221
8. INCOMEFROMCHARITABLEACTIVITIES
Year ended Year ended
31 Aug 23 31 Aug 22
£ &
Activity
Horsewelfare
Grants		 Horse welfare
Horse welfare		 3,271
~		 20,900
-
3,271 20,900
~
Education & Therapy
programmes
Grants		 Education &Therapy
Education & Therapy		 42,505
111,471		 39,315
82,230
153,976 121,545

23

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

6, RAISING FUNDS COSTS

Raising donations and legacies

Year ended Year ended
31 Aug 23 31 Aug 22
£ £
Staffcosts 51,192 53,450
Open Day 398 232
Newbury - 14,861
Appeals 2,401 4,130
Walk ofFame 24 79
Merchandise
Lottery		 --
4,450		 -
4,367
Support costs 5,240 71,231
63,702 145,350

be CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Direct costs Support costs Totals
£ £ £
Horse welfare 151,537 152,214 303,751
Education & Therapy 141,503 131,536 273,039
293,040 283,750 576,790

24

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

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|||||||| |---|---|---|---|---|---|---| |8.|SUPPORT|COSTS| |Management|Finance|Information|Human| |technology|Resources| |£|£|£|£| |Raising|donations|and| |legacies|-|-|§,240|-| |Horse|welfare|108,657|11,566|5,389|2,098| |Education|&|Therapy|88,902|11,566|5,389|4,895| |197,559|23,132|16,018|6,993| |General|Governance| |costs|costs|Totals| |£|e|£| |Raising|donations|and| |legacies|-|-|§,240| |Horse|welfare|20,456|4,048|152,214| |Education|& Therapy|16,736|4,048|131,536| |37,192|8,096|288,990|

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9. NET INCOME/EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

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|||||||| |---|---|---|---|---|---|---| |Yearended|Year|ended| |31|Aug|23|31|Aug|22| |:|£| |Auditing|of accounts|5,200|4,800| |Other|non-audit|services|2,896|2,640| |Depreciation|— owned|assets|36,470|33,891| |Hire|of|plant and|machinery|6,273|4,952| |Surplus|on|disposal|of fixed|asset|(18)|-|

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25

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

10. TRUSTEES’ REMUNERATION AND BENEFITS

No Trustee received any remuneration or expenses in their capacity as a Trustee during the period.

Please also see note 19.

Trustees’ expenses

There were no Trustees’ expenses paid for the year ended 31 August 2023 nor for the period ended 31 August 2022.

11, STAFF COSTS

Yearended Year ended
31 Aug 23 31 Aug 22
£ £
Wagesand salaries 274,742 278,718
Social security costs 21,922 24,809
Other pension costs 9,243 5,597
305,907 309,124

The average monthly number of employees during the period was as follows:

Yearended Year ended
31 Aug 23 31 Aug 22
E £
Administration
Equine Welfare		 3
7		 3
6
Education 3 3
13 12

No employees received emoluments in excess of £60,000

26

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

12: TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Short Improvements Plant and
Land leasehold to property machinery
£ £ £
COST
At 1 September2022
Additions
Disposals		 43,646
21,824
-		 3,055
-
-		 216,488
21,691
-		 151,864
12,261
(1,080)
At 31 August 2023 65,470 3,055 238,179 163,046
DEPRECIATION
At 1 September2022 - 2,292 181,084 121,619
Charge foryear
Disposals		 -
-		 381
-		 7,854
.		 14,130
(18)
At 31 August 2023 ~ 2,673 188,938 135,731
NETBOOKVALUE - _
At 31 August 2023 65,470 382 49,241 27,315
At 31 August 2022 43,646 763 35,404 30,245
Fixtures and
Fittings Motor vehicles Totals
£ £ £
COST
At 1 September2022
Additions		 75,927
1,444		 50,527
-		 541,507
57,220
Disposals - - (1,080)
At 31 August2023 77,370 50,527 597,647
DEPRECIATION
At 1 September 2022 65,053 50,527 420,575
Chargeforyear
Disposals		 4,738
-		 -
~		 27,103
(18)
At 31 August2023 69,791 50,527 447,660
NET BOOK VALUE
At 31 August 2023 7,579 - 149,987
At31August2022 10,874 - 120,932

27

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

12A. INTANGIBLE ASSETS

12A. INTANGIBLE ASSETS
Yearended Year ended
31 Aug 23 31 Aug 22
sa £
B/fwd
Additions		 52,322
144		 50,538
1,784
52,466 §2,322
B/fwd 37,100 22,712
Charge foryear 9,367 14,388
46,467 37,100
Netbook value at 31 August 5,999 15,222
13; STOCKS
Yearended Year ended
31 Aug 23 931 Aug 22
£ £
Stocks 15,229 16,919
14, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31 Aug 23 31 Aug 22
£ z
Trade debtors 23,211 16,097
Prepayments 13,384 16,383
Accrued income 158,397 1,735
194,992 40,215
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
31 Aug 23 31 Aug 22
£ £
Trade creditors 9,107 8,118
Social securityand other taxes 6,066 7,427
Auto Enrolment Pension 999 1,192
Accruals and deferred income 10,054 10,816
26,226 27,553

28

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |16.|MOVEMENT|IN|FUNDS| |Netmovement|Transfers| |infunds|between| |31|Aug|22|funds|31|Aug|23| |£|£|z|a| |Unrestricted|funds| |General fund|475,454|(3,377)|-|471,077| |Restricted|funds:| |Restricted|Funds|-|Education|12,149|(8,055)|-|4,094| |Restricted|Funds|- Outside|classroom|1,785|(321)|-|1,464| |Restricted|Funds|- Classroom|4,131|(2,085)|-|2,046| |Restricted|Funds|- Poo|picker|2,627|(684)|-|1,943| |Restricted|Funds — CCTV|8,659|(1,775)|-|6,884| |Restricted|Funds|- Bungalow|28,432|(5,231)|.|23,201| |Restricted|Funds|-|Sensory|garden|1,202|(272)|-|930| |Restricted|Funds|- Garden|670|(125)|-|545| |Restricted|Funds|- CRM|3,334|(3,333)|-|‘!| |Restricted|Funds|-|Horses|~|-|-|-| |62,989|(21,881)|-|41,108| |Designated|Fund| |Property|Purchase|293,646|21,824|-|315,470| |TOTAL FUNDS|832,089|(4,434)|-|827,655|

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29

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

MOVEMENT IN FUNDS - continued

Transfer Movement
Income Expenditure Funds
£ e £ £
Netmovement in funds, included
in the above are as follows:-
Unrestricted funds
General fund 456,987 (461,364) - (3,377)
Restricted funds
Resiricted Funds - Education
Restricted Funds -Outside classroom
Restricted Funds -Classroom
Restricted Funds - Poo picker
Restricted Funds -CCTV
Restricted Funds - Bungalow
Restricted Funds - Serisory garden		 153,976
-
-
-
-
-
-		 (162,031)
(321)
(2,085)
(684)
(1,775)
(5,231)
(272)		 -
~
“
-
~
-
-		 (8,055)
(321)
(2,085)
(684)
(1,775)
(5,231)
(272)
Restricted Funds - Garden - (125) ~ (125)
Restricted Funds -CRM - (3,333) - (1)
Restricted Funds - Horses 3,271 (3,271) “ -
157,247 (179,128) - (21,881)
Designated Fund
Property Purchase 21,824 - - 21,824
TOTALFUNDS 636,058 (640,492) - (4,434)

30

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

MOVEMENT IN FUNDS ~ continued

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Name|of|Unrestricted|Fund|Description,|nature|and|purpose|of the fund| |General|Fund|The|“free|reserves”|after|allowing|for|all|designated|funds.| |Name|of Restricted|Fund|Description,|nature|and|purpose|of the fund| |Education|Funds|made|available|for expenditure|on|education.| |Classroom|For|the|building,|decorating|and|equipping|of|the|new| |classroom.| |CCTV|To|purchase|CCTV.| |Garden|To|purchase|garden|equipment.| |Sensory|garden|To|layout and|plant|a|sensory|garden.| |Poo|picker|To|purchase|poo|picker.| |Rugs|To|purchase|horse|rugs.| |CRM|To|purchase|Cloud|management|software|and|hosting| |solutions.| |Kickstart|For employment|help.| |Bungalow|For|Bungalow|improvement| |Outside|classroom|For equipping|an|outside|classroom.| |Horses|For|expenditure|on|horses| |Name|of Designated|Fund|Description,|nature and|purpose|of fund| |Property|Purchase|The|designated|fund|has|been|set|up|for|the|purpose|of| |looking|to|purchase|the|site when|the|lease|expires,|

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AT. CONTINGENT LIABILITIES

No provision for contingent liabilities has been made as this is not applicable for this Charity for this or the preceding year.

  1. CAPITAL COMMITMENTS

No provision for capital commitments has been included in these accounts as it is not applicable for this Charity for this or the preceding period.

  1. RELATED PARTY DISCLOSURES

During the year the Company paid a salary of £40,000 (2022 - £40,000) to Mrs H Yeadon in her capacity as Managing Director, for her services to the company as she is obliged to live on the premises and be on call 24 hours a day, 7 days a week in case of problems with the animals and horses used for the educational programmes. She works full time for the Charity, managing the office, developing and managing the delivery of the educational programmes, running the fundraising and supervising the welfare of the animals.

Pension contributions of £1,013 (2023 - £1,013) were paid In respect of Mrs H Yeadon.

31

Greatwood Charity Limited

Notes to the Financial Statements (continued) for the year ended 31 August 2023

20. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

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|||||||| |---|---|---|---|---|---|---| |Yearended|Year|ended| |31|Aug|23|31|Aug|22| |£|£| |Net income|for the|reporting|period|(as|per the|statement| |of financial|activities)|(4,424)|21,162| |Adjustments|for:| |Depreciation|charges|36,470|33,891| |Profit on|disposal|of fixed|assets|(18)|-| |Interest|received|(3,320)|(221)| |Finance|costs|657|599| |Decrease/(increase)|in|stocks|1,690|(714)| |Decrease/(Increase)|in|debtors|(154,777)|22,687| |(Increase)/Decrease|in|creditors|1,327|5,436| |125,059|82,840|

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at. OPERATING LEASES

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|||||||| |---|---|---|---|---|---|---| |Total|future|minimum|payments|under|non-cancellable|leases| |are|as|follows:| |Lease|on|property|31 Aug 23£|= 31 Aug 22£| |Within|1|year|42,500|42,500| |More than|1|year|-|42,500|

----- End of picture text -----

32

Greatwood Charity Limited

Detailed Statement of Financial Activities (continued) for the year ended 31 August 2023

Yearended Year ended
31 Aug 23 931 Aug 22
£ £
INCOMEAND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Grants
Donated services and facilities		 73,041
11,678
240,487
83,955
-		 98,457
3,709
205,970
135,502
-
409,161 443,638
Fundraising activities
Sale of merchandise
Sponsorships
Lottery
Newbury
Appeals
Sundry activities		 -
13,800
7,304
-
11,660
182		 250
4,000
7,354
11,162
16,627
138
32,946 39,531
investment income
Depositaccount interest 3,320 221
Charitable activities
Education and therapy programmes
Horse welfare
Grants		 42,505
3,271
111,471		 39,315
20,900
82,230
157,247 142,445
Other income ~
Gain on sale oftangible fixed assets 18 ~
Rental income 5,436 .
Miscellaneous income “ 172
Rural farm payment 6,106 10,642
11,560 10,814
Totalincomingresources 614,234 636,649

This page does not form part of the statutory financial statements

Greatwood Charity Limited

Detailed Statement of Financial Activities (continued) for the year ended 31 August 2023

Year ended Year
ended
31 Aug 23 31 Aug 22
& ae
EXPENDITURE
Raising donations and legacies
Wages 45,000 46,869
Social security 5,029 5,420
Pensions 1,163 1,161
Open day
Newbury
Appeals
Walk offame		 398
-
2,401
21		 232
14,861
1,130
79
Purchases ~ -
Lottery andjust giving costs 4,450 4,367
58,462 74,119
Charitable activities
Wages 189,742 191,849
Social security 12,654 14,942
Pensions 7,067 3,423
Education expenses 223 305
Veterinary costs 27,629 18,372
Farriers costs 6,988 9,883
Equipment repairand renewals 5,075 9,521
Feed and otherhorse costs 28,998 23,751
Sensory garden depreciation 534 662
Plantand machinerydepreciation 14,130 11,847
Motorvehicles depreciation - -
293,040 284,555

This page does not form part of the statutory financial statements

Greatwood Charity Limited

Detailed Statement of Financial Activities (continued) for the year ended 31 August 2023

Year ended Year ended
31Aug23 31 Aug 22
£ £
Supportcosts
Management
Wages
Social security
Pensions
Hire ofphotocopier
Rates and water
Insurance
Lightand heat
Cleaning
Advertising		 40,000
4,239
1,013
6,273
7,124
16,739
13,099
3,410
718		 40,000
4,447
1,013
4,982
5,280
11,430
15,563
2,255
307
Premises expenses
Rent
Health and safety		 40,638
42,500
~		 27,518
42,500
“
Short leasehold depreciation 382 382
Improvements to property depreciation
Fixturesand fittings depreciation
Intangibledepreciation		 7,320
4,737
9,367		 4,707
1,905
14,388
197,559 176,647
Finance
Hire ofcredit card terminal - 711
Bookkeeping 11,699 9,748
Postage and stationery
Bank charges		 2,060
1,730		 2,739
2,001
Legal and professional 6,986 3,247
Credit charges 657 599
23,132 19,565
Information Technology
Telephone
Computercosts		 3,716
11,090		 2,908
17,403
Website costs 1,212 1,014
16,018 21,325

This page does not form part of the statutory financial statements

Greatwood Charity Limited

Detailed Statement of Financial Activities (continued) for the year ended 31 August 2023

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||||||| |---|---|---|---|---|---| |Yearended|Year|ended| |31|Aug|23|31|Aug|22| |£|£| |Human|resources| |HR|insurance|3,830|2,560| |Other|staff costs|1,914|1,923| |Recruitment|ol7|59| |Staff training|932|2,642| |6,993|7,184| |General|Costs| |Waste|disposal|2,247|2,580| |Motor expenses|6,508|7,790| |Travelling|1,439|307| |Subscriptions|277|2,053| |Licences|390|928| |Subsistence|-| |Refreshments|734|262| |Sub-contract workers|23,377|10,444| |Sundries|1,220|288| |Doubtful|debts|~| |37,192|24,652| |Governance|costs| |Auditors’|remuneration|8,096|7,440| |Trustee|meeting|costs|-|“| |8,096|7,440| |Total|resources|expended|640,492|615,487| |Net income|(26,258)|21,162|

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This page does not form part of the statutory financial statements