REGISTERED COMPANY NUMBER.. 05903838 {England and Wales) REGISTERED CHARrrY NUMBER: 1117322 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 FOR GREATWOOD CHARrrY LIMrrED LimfÉed by guarantee
GREATWOOD CHARrrY UMITED Contents of the Financial Statements for the Year Ended 31 August 2024 Page Rert of the Trustees Rewrt of the Independent A1tS 16-18 Statement of Financial Acliviiies 19-20 Balance Sheet 21-12 Cash Flow Statemerrt 23 Notes to the Finanaal Statements 24-35
Greatwood Charity Limited Trustees Report for the year ended 31 August 2024 Trustees who are also Directors of the Charity for Ihe purpose5 of the Companies Act 2006, present their report with the financial 5tatement5 of Ihe CharTty for the year ended 31 August 2024. The Trustees have adopted the provisions ofthe Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance viith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees confi that the Annual Report and Financial Statements of the Company comply with the current statutory qUIrements, the requirements of the Companys goveming documerkt and the prowsions of the Statement of Recommended Practs"ce (SORPI 'Accounting and Reporting by Charities,. The Company also trades under the names Greatwood Caring for Retiring Racehorses and Children with Special Needs and Grea1w0(. OBJECTIVES AND ACTIVITIES Objectives and aims The Charity's objects {the objects) are: la) the weKare of sick. neglected. injured and retired racehorses and their relief from suffering Ibl the relief of the suffering of such other horses and other animals which are sick. injured or neglected as the charity shall think fft (c} the provision of recreational faciltlies to enable disabled and underprivileged children to participate in therapy pr(y3rammes with the horses and other animals which the charty cares for with the object of improving their conditw)n of lrfe and as515ting in their treabnent and care. (d} the provision of an educab'onal progfamme for the benefit of children with disabilities andlor special educational needs andlor underprivileged children whereby the children leam about the animals that the charity cares for and leam about the countyside and the environment which sustains those animals and to provide the children with the optK)rtunity to experience and learn alx)ut the countryside and ils conservation generally. (e) the provision of educational and recreation21 programmes for the benefit of adults with di5abililies andlor mental healthlemotional or leaming drfficulties andlor from a disadvantaged background whereby they participate in programmes with horses andlor within the Greatwood environment with the object of improving their condibon of life and assisting in improving employment opportunities. (n the provision of an educational programme for the benefit of adults with disabilities andlor Special educalional need andlor underprivileged adults whereby the adults leam about the anifflals that the charity cares for and leam aiK)ut the countryside and the environment which sustains those animals and to provide the adults with the opportunty to experience and leam aboul the countryside and its conservation generally. The Trustees have referred to the guidance contained in the Charity Commisstron's guidance on public beneftt when reviewing the Charity's airns and objectives arKI in planning its future activities. OBJECTIVES AND ACTivrtlES Public Benefft Greatwood confimis that it complies wth tts duty in line with the Charities Act 2011 and that there is due Tegard to the publtc benefit guidance published by the Commission. The charity trustees have regard to the commission's public benefit guidan when exercising any power5 of duties to which the guidance is relevant. Greatsvood carries out the charity's purpose for public benefft and is an integral part of a charity's purposes. To further comply with the Charity Commission's guHlance on Public Benefit. Greatwood's aclivities can be accessed and inclusive to all ages in the cotnmunity as opposed to solely young people (as was the case prior to adding the additional object fj.
Greatwood Charity Limited Trustees Report (continued) for the year ended 31 August 2024 Greatwood satisfies the two key principles given by the Charity Commission as follows: Principle 1 - the identtfiable benefft or beneffts are all related to the aims of the charity promoting the environment and animal welfare assisting the younglaged Of disabled advancement of education Principle 2 - the beneficiaries are appropriate to the aims principle and the opportunity to benefit is not unreasonably restricted etlhei geographically or financially. Horseracing remains the second largest spectator sport in Great Britain: Greatwood s8ts'sfies any p055ible public concem regarding ihe welfare of former racehorses. Greatwood was the first charity to utilise forner racehorses in edu(*tional programmes for children and young people. Greatwood aims to Iransform the INes of wlnerable and disadvantaged children and young people aged 5-24. from challenging environments through inspiratw)n and aspiration, by providing a unique leaming and sensory expetien(t that would be impossible for them without visiting Greatwood. Greatsyood is accredited by The Wiltshire Council as an Alternattve Provider of Personalised Learning and a Provider of Positbve Activities for Young People. Members of the public are invite(I to GrealwooKI and can participate in any educational programmes and are actively welcomed to volunteer at Greatwood. Following the success of the pilot initialive in taking a fomier racehorse to Vbsit a care home in Marlborough. Greatwood demonstrated tts commitment to serve the local community and widen its outreach by arranging weekty visits to iwo care homes during the summer months. Greaiwood acts as a catslyst for indivHJuaL8 from any walk of lrfe to achieve success and employment wtthin the industry. thereby improwng mental wellbeing. selfesteem and a 5erise of worth with the direct aim of fflaking 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 lo whth the charity is exposed, as identified by the trustees. have been reviewed and systems and procedtjres established to manage those rtsks. Prntection of the children under our care from hami is the highest operatnal priority of Greatwo¢)d and Is therefore the source of the greatest potential rÉsk. The charity has Safeguarding and Child Protection policies in place which are reviewed at least annually. Ml school staff are subject to mandatory training around safeguarding and child protection. The safeguarding practice5 are regularly reviewed by both dependent and independent persons and bodies. These reviews are in full accordance with relevant legislation and best prath"ce. Full training and support are given to all televant staff. The assessmenl of risk in decrease of fijnding from The RaciThJ Industry outlined in the year end 2022 accounts was correct. Desptte being invtted to bid for funding from Ihe newly appointed (British Horseracing Authorrty) Horse Welfare Board. the Trustees and Directors declined. Greatwood had been invited to take in horses directly out of training. The horses entering the charFty would have a commercial value and wouldn't necessarily require charitable intervention. Thi5 woukl not compty with The Charity Commission guidance on Public Benefit. The increased c05t of living has affecte(l and will continue to affect ub-lities. fertiliser. fuel. and hard food thus rendering unpredictability in cash flow fcaSts and budgets. Increased cost of staffing owiThJ to the rising rates of both National Insurance and Tax together with The Notional Lrving wage increase will affect the number of staff that can be employed. this in tum will affect the number of horses thal can come under Greatwood'5 umbrella.
Greatwood Charity Limited Trnstees Report (continued) for the year ended 31 August 2024 The upsurge in the cost of living could result in etther rehomed horses having to retum to us. or a noticeable increase in the nufflber of horses in the 'at risk. category needing charitable intervention. Maintaining Greatwo(yJ's hallmark of leadership. sustainabilty. innovation and evidence of outcomes in the light of the above risks makes it a challenge for Greatwo(xl to continue exhibiting these trails and the implications of these factors upon fundraising. The SEND market is highly competitive due to the devolutiorl and reduction of school budgels, 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 organisalions adopting Animal Assisted Inteention 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 Ihat the unrestricted funds held by the Charity not committed or invested in tangible fixed a55ets {'free reserves.) should be equivalent to twelve months. or 100Yo. of the resource5 expended. In 2024 this latter figure equated £670.22512023 £640.492). The level of free reserves stood at £451,142 {2023 £413.132). Volunteers Greatwood is mindful of the beneffts that volunteers Ggn bring to the charity, and actively encourages their participation. Volunleering allows a connection wthin the communty by bringing people together and giving them a sense of belonging. This engagement reduces stress. improves mood and boosts selfesteem whilst building sockgl support networks and promoting new advocates. Companies are increasingly able to understand and act on their obligatK)ns to stakeholders and the broader communty. As a result. over the last year Greatsvood has built a strong relationship with the volunteers from Nationwide. Octopus and Zoetis Open Reach. Newbury Racecourse. and there has been a commitment to continue in 2025. STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE Main Activities and Achievement During the Year Recognising the secret of sustainability is navwating ever changing circumstances. Greatwood updated the business plan is maintained as a working document and adjusts the adopted strategFes to reflect the followiTrg= An ever-increasing age of the horse5 requiring charttable intervention. A greater need for sustainable fvnding to compensate for the lack of financial support from The An increased demand for new and varied educational programmes to support the learners. An increase in the need to 5UPPOrt mental health and enhance scKial impact. The necessity to employ professionaLs in the mental health field. A p05tlive and active approach to c()Ilaborate partnerships wrth other charities.
Greatwood Charity Limited Tntee5 Report (continued) forthe year ended 31 August 2024 An average of 35 horses were kept on the fami and used for Animal A55iSted Intervenlion. Twelve horses were taken in requiring charitable interventn. Complyin9 With Greatwood's ELtthanasia Policy and as a result of advanced age. infimiity and veterinary issues. twelve horses had to be put 10 Sleep. Three horses were rehomed. As a result of thts Community outreach three addtlional care homes requested weekly visits and Mahlervous completed a series of visits to Savemake View Care Home. These visits will be repeated in the sprtng of next year when the weather will be more clement for the residents of care homes. Greatwood has connected wrth Alzheimers Support {Kennet Muddy Boots). this group of 25 individuals enjoyed their first intervention and More visits wll be planned for 2025. The immediate feedback was that the interaction with the hor5e5 pr(Impted many recollections aFKI mefflorie5 and promoted a significant improvement in their wellbeing. There has been a conscious determination to wtden our partnerships with other charities. GreabNood accepted residential groups from Youth Action Willshire and Youth Adventure Trust. Greatwood has also worked with some service useT5 from Chaiity Fear Free who are survivors of domestic abuse. Considerable effort has been done this academic year to raise GreatwocNJ's profile wilhin the local community. Local schools were offered free 'Nurture momings. which proved to be a great success. Local primary schools in the Marlborough area who have previously not been partners brought a total ol 37 children. Contacting these k)cal schoo15 resulted in many enquiries and a booking being made lor September 2024. This academic year has seen the Educ8tK)n team welcome 161 different children and young people from 34 differenl schools and agenCs. Eight of these studenls were long term bookings and allended Greatwood all academic year. Grea1W)d has received bookirig5 from not onty long standing partner schools. but also from 6 new schoolslagencies. Jane Hemmingway. 1st4Sport EQA- visited in Wil and concluded that Greatwood was a 'superb facility with excellent motivational staff 88°A of Developing Confidence students, 100% of Get Going Students and 100tsk of Interpersonal Skills Students have passed their courses this year. STRATEGIC REPORT ACHIEVEMENT AND PERFORMANCE Main Activities and Achievement During the Year Education In line with the charity's overarching objectives. the altemative education provision delivered by Greatwood continues to Wrk as a transitional aid to encourage leamers back into full-time educalion. In addition, the programrnes offered promote contintjed positrve engagement and the development of transferrable skills for future employment. Greatwood continues to follow the eight general principles of good prdcts"ce. as defined in the Code of Good Impact PraCtI12013). which allow5 U5 to focu5 on the Signtrican of our educational programmes and record the dIffenCe they make to both individuals and to wider soaety. This process involves determining the actual impact we want to have and how best to achieve it- by delivering the required sessions in a suitable and authentic way, by collecting and collating data. and by leaming from and disseFninating Ihe infonnation gathered.
Greatwood Chaiity Limited TTUStees Report {¢ontinued) for the year ended 31 August 2024 Current alternative education programmes on offer Horse Power and Horse Power Plus- Horse Power- and Horse Power Plus continue to be FK)pular provision for Primary Leamers. This year the Horse Power - programme has been extended. so progression and effectiveness can be ensured. This was in response to Grealwood attracting many long-term 1.1 Horse Power Plus- learners, with commissioners wanting to book placernents for the whole academic year. Horse Power Plus our 1=1 provision. is offered as a six week b1(k. and is now followed by Horse Power ExtraTr4 After these 12 weeks, Greatwood work closely with teachets or parents to identify spectfic targets to focus on. ensuring provision as meaningful and effective as possible. These targets can be used to measure progress. which is then shared wÉth commissioners. A lotal of 48 referrals were made to Horse Power and Horse Power Plus - in the academic year. 32 of these were Horse Power plustsl students accessing 1.1 provision. a rise of 28% on last year. Horse Power group bookings are down 53°A on last year. possibty reflecting a lack of budget in primary schoois. Raisin9 Horse Power~ numbers for 2024-2025 is a priority. Horse Power Students Horse Power Groups Horse Power Plus io Is 20 2022-2023 • 2023-2024 25 30 35 40
Greatwood Charity Limited TTUStees Report (continued) for the year ended 31 August 2024 Developing Confidence Greatwood's Developing Confidence continue5 to be offered as a 1.1 and group provision. Accredited by NOCN. on successful completion sludents gain a qualtfieation worth 3 Level 1 credtt5. InteTpersonal Skills, another accredited NOCN programme that provides progression for Developing Confidence students has grown in popularity this year. Interpersonal Ski115 is also worth 3 Level 1 credits. Students successfully completing both Devdoping Confidence and Interpersonal Sknlls gain an NOCN Level 1 Award in Skills for EmploymenL Training and Personal Development. A total of 40 learners successfijlly completed Developing Confidence or Interpersonal Skills in 2023- 2024. an increase of 22% on 2022-2023. Deve'opi4g Confidence and Interpersonal Skills Groups 1=1 provtsion io 15 20 25 IE 2022-Z023 W 202>2024 Post 16 Provision 1 Ysport accredited Get GcHng {EL2 Award in Assisting wÈth Basic Care of Horses) took place twice this academic year. in April and August. This course is speaally targeted at young people not in education, employment or training (NEET). Wth some strategic arid targeted marketing. numbers rose from 3 sludents in April. lo 7 in August. During the week long programmes. leamers were warmly welcomed lo Ollie Sangster and William Muirfs racing yards for visits provhsing an invaluable insHJht into life in the racing industry. All students who enrolled on Get Going successfully COTnpleted their qualification. Functional ssills A year long placement for a 1.1 student was ClMiSSOned by the Wiltshire Council Special Educational Needs team for 202&2024. The Funcliorjal Skills student came twi weekly. and a programme of study was dewsed to combine classroom study WTlh opportunities to apply leaming to real life and practical situations on the yard and in the Greatwood kttchen and garden. The Functional Skills sludenl passed her Summer Examinations in English and Maths, at Level 1 and Erty Level 3 respec1ively. Short Courses and Pilot Pro Nurture Moming5 To raise the profile of Greatwo(Kl with sch(xJ15 in the immediate local area Nurture Momings were offered, and the iake-up was very positive. Another importaril of these moming5. consislent with Greatwood's overarching objectives. was to boost the well-being. self-esteem and resilience of children. A total of 36 primary-aged children trom 6 local primary schools who had no Cent connection with Greatwood came and spent time with the horses and other animals. Feedback from these mornings was very positive. ramme5
Greatwood Charity Limited Trustees Report {eontinued) for the year ended 31 August 2024 Youth Action Wiltshire and Youth Adventure Trust This year Greatwood welcomed a total of 53 Young People from Youth Action Wiltshire (YAW) and Youth Adventure Trust. As well as Tasler days for bofh organisalions. YAW Ovemight Residentials were piloted using the refurbished Bungalow. These residentials proved lo be a great SusS and provided an opportunity for a welt-deserved. relaxed and fun break for the young carers that Youth Action Wiltshire support. The feedback from the young carers on taster days and ovemight residentials was extremety posilive In total, responses on exit questionnaires gave the following data: Today had a positive effect on my mood." 1(XPA agreed Being around the animals makes me feel calm." 9YA agreed Being around the animals makes me feel happy." 100% agreed Greahvood is a safe and welcoming place." I(0 aged Fear Free Greatwood welcomed some service users from the Charity Fear Free. who are survivors of domestic abuse. The day was very positively recerved. in lotal. responses on extt questionnaires gave the following data.. Today had a positive effect on my mood.. IIXPA agreed Being around the animals makes me feel calm." 1&VA agreed Beilpg around the animals Makes me feel happy." 100% agreed Greatwood is a safe and welcoming pla.. 1(KPA agreed Three more days are planned for 2024-2025.
Greatwood Charty Limited Ttee5 Report (continued) for the year ended 31 August 2024 Continued Professional Develo ment Since starling in January. Greatwood's Head of EducatK)n, Kirsten. has completed Designated Safeguarding Lead (DSL) training and Youth Mental Health first training. Prevent training was undertaken by Helen Yeadon. Sash3 Thorbek. and Vicky Candy. Online safety and harms training. ma"ng Greatwood's safeguarding and emotional wellbein9 praclice robust. Kirsten has enrolled on a sew-study Level 4 Award in the Internal Quality Assuran of Assessment Processes and Practi. This course ensures she can play an effecttve part in the assessment of the accredited programmes. as on SUCS1U1 complelion. she will qualify immedialety for the role of an IQA. Safer Recruitment wa5 COTnpleted by Helen Yeadon. Vicky Candy to cA)mplete in September 2023. Vicky Candy completed GPDR training. Billie Lorraine (groom) cornpleted Emergency First Atd At Work. To strengthen Greatwood's approach to the menlal health and wellbeing of Students, Teaching Assistant Robyn is on the waiting list to enrol on an Emotion21 Literacy Support Assistant (ELSA) course for 2024- 2025. For the purposes of mbust safeguarding. Robyn ha5 (x)mpleted her Prevent and Online Safety and Hams Training. To support the leaming opportunities that come from growng and cookin9, Robyn also completed a Hazard Analysis and Crwtical Control Point course. Robyn Dudley completed Level 12 & 3 Food Hygiene. Susie Vigar Smith complet&1 the Level 3 rtIfite in assessing vccational achievement. Vicky Candy completed a Diver5ty and Inclusion course and Youlh Mental First Aid Coutse. Sasha Thorbek completed DMI course to become a Cerbfied Digiial Marketing Specialist in soal Media. 1st4sport Entry Level Award in Basic Knowledge of the Horseracing Industry (Entry 3) Also new for 2024-25, this course will be piloted as a progressTron after Get Going (1 st4sport Entry Level Award in Assisting with Basic Care of Horses, Entry 21 The aim of this course is to get students closer to the world of work and introduce them to possibilities in the racing industy. Student Case Studies EFM EFM first came to Grea00d in August 2023 for Get Going (Entry Level 2 Award in the Basic Care of HoTsesl. E was being educated at home after a very diffUl1. and at times traumatic, time in rnainstream school due to the mental health drfficulties she was experienctng. E was also struggling with dyslexia and awaiting assessment for other special educational needs. E felt an affinity with the horses and enrolled onto Initial Bil (Entry Level 3. Recognising. Putting On. and Cleaning Saddle and Bridle) keen lo continue her studies at Grealwood. This period wasn't always easy for E. bul the consistency of Greatwood helped. E built trusting relationships with the education team, and she began lo identfy Greatwood as her "safe place" We wanted to continue to support E. 50 She enrolled on her third Greahvood course. NOCN accredited L1 course Developing Confiden working with animals. E did indeed gain confidence grealty over this period. During this time. E built friendships with some other Gieatwood students and was able to sit some of her GCSE examinations. On completK)n of her course said 'coming to Grea has really helped me to build confidence and leam new 5ki115. It has been the best part of my week. Now E is studying Animal Care at Lackham College and is volunteering at a donkey sancluary. Her mum Caroline said 'E didn't feel like she belonged anywhere. Greatwood was hugely positive for her"
Greatwood Charity Lsmited Trustees Report (continued) for the year ended 31 August 2024 MH M first came to Greaiwood as a Horse PowerT¥ student with the target of improving his self-esteem and confidence and to promote independence and communication. Educated at home, M's mum was keen Ihat he was introdUd to other experiences. Horse Power- was a great success for M. and keen to stay at Greatsvood he progressed lo NOCN accredited Developing Confidence and Interpersonal Skills. During thi5 time. M grew in confidence around horse5 and people. The Greatwood team have corne to know M as a bright and funny young man, who has become more resilient and able lo face new challenges. M has now joined a shooting club and has discovered that he has a real talent. winning compeltbons arKI making new friends. He also has a part time job. is continuing his studies at Greatwood for another academic year. this time to study for another NOCN accredited qualffication. Assisting with the Care of Animals. Thi5 provides M with real pr(MJression. he is now leaming about relevant legtslabons. feeding. and monilorir¥J health and physical condib'on of the horses. M's mum reported: Wien M started Greatwixjd he was Incredib anxious. unsure of himself and shut down due to autistic burnout centefed around the school and leaming environment. After a year spent leaming with Robyn at Greatwood, M is becoming the version of himself he has atways wanted lo be. His confidence and self-esteem have been built and increased. he has leamt valuable skills and has rediscovered a joy for learning. This would not have been achieved wrthout Robyn and the team at Greatwood- C's placement at Greatwix)d was commissioned by the Willshire Counul Special Education Need5 Team. C was keen lo continue sludying Maths and English and had a love of horses. Things had not been easy for C. she had found education challenging due to a diagnosis of Autisffl and extreme anxiety. She also had dyslexia and dyspraxta which made learning difficult. The GreaC team's first wal was to make SU that C was made to fed welcorne and safe. Trusting relationships were built and C went from strength to strength. gaining confidence in her abilities as a leamer. Classroom based leaming studying for Functional Skills English and Maths were supported by real lrfe problem solving on the yard working with the hotse5. C passed her Level 1 Functional Skills English Examination and her Entry Level 3 Maths examination the Summer. C will be continuing her studies at Greatwood. hoping to gain a Level 2 Englh and Level 1 Maths qualification.
Greatwood Charity Limited Trustees Report (continued for the year ended 31 August 2024 Plans for the Future: New Teacher recruited Greatwood appointed Ben Ferris a hÉghEy experienced teacher, lo join the Education Team on a part time basis for the 24- 25 academic year. New Provision After a review of Greatwood Education provisi, tn addition to existing core programmes. the following courses are being added in 2024-2045. Lift off Post review, it was apparent that progression from Developing Confidence for students 89ed 11-13 was required. Lift Off is an actlvity-based prtJJramme desHJned by ASDAN that develops 50ft skills and builds self- e51eem. It consists of activities desFgned to devdop leamer5' skills in 18 key charactefislics that will aid their progressron. ASDAN has conducte(l searCh on the effectiveness of Lrfl Off. and key findings show that the programme closes the gap for dssadvantaged leamers. meanir)g disadvantaged leamers taking part in the programme make the most piogress. 11 has a proven positNe impact on participants. experiences of school and their feelings of confiden. Developing Confidence Together Developing Confidence contt.nues to be offered lo small groups from schools. and also as 1: 1 provision. In the academic year 2023-2024. 55°A of our 1..1 DevelopirTrg Confidence students were Educaled other Ihan in School (EOTIS). Developing Confidence Together has the aim of providing students who have not got the opkx)rtunty for social interaction in their daily lives to be part of a small gmup. This is an important part of Greatwood's strategic plan to supwrt the wellbeing and lrfe chances of students and participants and to help widen our reach and appeal to EOTIS students and parentslcaregivers. Assisting with the Care of Animals Assistsng with the Care of Animals is another NOCN accredited Level 1 unit that has been added for 2024-2025 to improve and ensure quality of prowsion for students who wish to study at Greatwood for longer periods of time. This course provides a gotxl progression for students who have completed Developing Confidence. Back to Nature Back to Nature is a course th* has been designed to ensure effective provision for adults with the aim of enabling participants to make links in their communty and expertence the benefits of being around the Greatwood thoroughbred5. Adulls who can self-refer are welcomed. but relats'onships have also been made with partner organisations. induding Cotswold House (please see below) and the Avalon Centre, a purpose-built neurological centre for men and women over the age of 18 years. who have an acquired brain injury. Cotswold House (an award-winning specialist in adult eth.ng disorders) is based at Savemake Hospital and part of the Oxford Health NHS Foundation Following Successful visits lo Grealwood eaflier in 2024. the Trust have requested Greatwood to create a four-week programrne designed specifically to support the needs of both their inpatients and day patients. It is planned to continue the communty outreach programmes in taking a forrner tacehorse to visit cxre homes and to increase this to include 0]three care homes and Cotswold House at Savemake Hospital. The annual Guardians Day will be held in June 2025 followed by The Piesentation Day in July 2025. Lookin Ahead There is a to be a continued focus on generating more Grealwood Guardians during the coming year. together with a plan to approach the Winter Appeal in a fresh way to stimulate a grealer interest and response. There is also a plan to find out more about our Guardians and the best ways to communicate with them. io
Grealwood Charity Limited Trustees Report (continued) for the year ended 31 August 2024 Chari Administration The E-newsletter maintains an open rate of 58.9%. above the average of 28Yo for Ihe charity sector (2024 statistics NPiechforgood.com. Neonone.com). On average. an additional 40°A of newsletters are sent by post each time, a number which is sloyly decreasing as more contacts move to email. NewsSetters are sent to all Guardians. as well as key indtviduals and high value donors. An on-sbte audit was carried out by Wiltshire Council in October 2023. during which our Central records database of slaff and their safeguarding details was fully compliant Raiser's Ed rtin Gifts by constituent code s tt?ora":e Tr-.-.j 5 Year over year donor retention L. •P¥Sy li
Greatwood Charity Limited Trttees Report (continued) for the year ended 31 Augusl 2024 Donor retention by Ihe end of the financial year had increased by 1.63%. just above the level seen in the previous year. Retained venue has decreased. but is still almost 10% higher than in 2021-22. Year over year retained revenue The donor recapture rale is lower than in 2022- 2023" Greatwood recaptures most 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 prevK)us gift. As the Winter Appeal is only every 12 months. it can be seen that different donors are recaptured each year. Year over year donor recaptures other Areas Efficiency Raise¢s Edge NXT is extensively used for data recording. gift processing. analysis and reporting. It is also utilised for producing and direct emailing of the e-newsletter5 and event information. 12
Great¥vood Chartty Limited Trustees Report (continued) for the year ended 31 August 2024 Fundraising channe15 Regular donations The average Guardian donatH)n gift ha5 51ayed at £10. Lottery entries were comparable to the previous year. Winter Appeal 2023 Despite best efforts. the Winter Aal donations were redUd by almost 50%. This will be restructured for 2024. Poli¢ies The annual audit of policies was begun in August. to be completed during the Autumn. wilh the addition of newly required policies and the updating of those already in place. These are held onsite and uploaded to the Greatwood websrte. 13
Greatsvood Chaiity Limited Trustees Report (continued) for the year ended 31 August 2024 REFERENCES AND ADMINISTRATIVE DAlL5 Registered Company Number 05903838 (England and Wales) Registered Charity Number 1117322 Registered OfTi¢e Rainscombe Hill Farm Madborough Wiltshire SN8 4DT Trustees Mrs H Yeadon MBE Mr R Powell Mrs A K Cocks Mr l James Director Director Director Director Company Secretary Mrs H Yeadon MBE Independent Auditors Wenn TownserKJ Chartered Accountants G05ditch House 5 Gosditch Street Cirencester Gloucestershire GL7 2AG Bankers Wealherbys Sanders Road Wellingborough Northamptonshire NN8 4BX Solicitors Awdry Bailey & Douglas 33 St Johns Street Devizes SN10 1BW Bookkeepers AMM Bookkeeping & Accountancy 4 Longlands West End Gar(lens Fairford GIOustershIre GL7 4LG 14
Greatr*ood Charity Limited Trustees Report (continued) for the year ended 31 August 2024 STATEMENT OF TRUSTEES RESPONSIBILtriES The Trustees (who are also the Director5 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 Ac(x)untitvJ Standards (Untted Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo prepare Financial Statements for each finanaal year which give a true and fair view of the state of affairs Df the charttable wmpany and of the incofning resources and application of resour5. including the income and expenditure of the charitable company for that period. In preparing those Financial Statements, the Trustee5 are required to'_ Select suitable accounting policies and then apply them consistenuy; observe the methods and principtes in the Charity SORP: make judgements and estimates that are reasonable and prudenL' prepare the Financial Statements on Ihe going concern basis unless it 15 Inappropriate to presume that the charitable company wll continue in business. The Tnjstees are responsible for keeping adequale accounting reox)rds which disclose wtth reasonable accuracy at any time the finanaal position of the charttable company arid to enable thern lo ensure that the Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company. and hen for taking ieasonable steps for the prevention and detection of fraud and other iThegularities. In so far as the Trustees are aware:. There is no relevant audit information of vthich the chariiable company's auditors are unaware; The Trustees have taken all steps that they ought to have taken to make thernselves aware of any relevant audit informakn'on and to establish that the auditors are aware of that information. AUDITORS The auditors. Wenn Townsend Charteied Accountsnts, will be prowsed for reappointrnent at the forthcoming Annual General Meebng. Report of the Trustees incorKM)rating a strategic report, approved by order of the Board of Trustees. as the Cotnpany Directors. on 12 February 2025 and signed on the Board's behalf by: MrsH eado MBE- Tru 15
Greatwood Charity Limited Report of the Independent Audttors to the Trustees for the Year Ended 31 August 2024 Opinion We have audited the finanaal statements of Greatwood Charity Ltd (the 'Charity'l for the year ended 31 August 2024 which comprise the Statement of Financial Activits'es. the Balance Sheet and notes to the financial statements, including a summary of signtficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reportirig Standard FRS 102. the Financial Reporling Standard applicable in the UK and Republic of Ireland (Unrted Kingdom Generally Accepted Accounting Practice). In our opinion the finanoal statements- give a true and fair view of the state of the Charity'5 affairs as at 31 August 2024. and of ts incoming resources and appIltiOn of resources for the yeaf then ended: have been properly prepared in accordance with Untied KÈngdom Generally Accepted Accounting Practice: arKI have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audtl in accordance wtlh Intemational Standards on Auditing (UK) {ISAs (UKII and applicable law. Our responsibilibes under those standards are further described in the Auditor's responsibilitses for the audit of the financial statements secbon 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 these requirement5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusrons relating to going concern We have nothing to report in fespect of the following matter5 in relation to which the ISAS {UKI require us to report to you where: the Trustees, use of the going (x)ncem basis of accounting in the preparation of the financial statements is not appropriate; or the Twstees have not disclosed in the financial statements any identified material uncertainlies Ihat may cast signtficant doubt atM)Ut the Charity's ability to continue to adopt the going concem basis of accounting for a period of at least twelve months from the date when the financial slatemenls are authortsed for issue. Other information The Trustees are responsible for the other infoTmation. The other infomiation comprises the information included in the Trustees. annual report, other than the financial stalements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicilly stated in our repor( we do not express any fom of assurance conclusion thereon. In connection wtlh our audit of the financial statements, our resFonsililsty is to read the other infomiation and. in doing so. consider whether the other informats.on is materially inconsistent with the financial statements or our knowledge obtained in the audit or othetwise appear5 to be materially misstated. If we identify such material inconsistencies or apparent material rnisstatements. we are required to determine whether there is a material Tnisstatement in the financial statements or a material misstatement of the other infomiation. If. based on the work we have performed, we conclude that there is a material misstatement of this other inforrnation. we are required to report that fact. We have nothing to report in this regard. 16
Greatwood Charity Limited Report of the Independent Auditors to the Trustees for the Year Ended 31 August 2024 Matters on which we are required to report by exception We have nothing lo report in respect of the followng matter5 where the Charities (Accounts and Reports) Regulations 2008 require us io rep)rt to you rf. in our opinion: the infomiation given in the Report of the Trustees is inconsislent in any material respect with the financial statements: or sufficient accounting records have not been kept: or the financial statements are not in agreement wtth the accounting records and retums" or we have not received all the information and explanations V require for our audit. Responsibilitie5 of Trustees As explained more fulty in the Tru5tees' responsibiltlies statement. set out on page 17, the Tfustees are responsible for the preparation of financial statements which give a true and fair view. and for such intemal control as the Trustees deterniine 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 Trnstees are responsible for assessing the Charitable Company's ability lo continue as a g(Mng conrn. disc105ing, as applicable, matters related to going concem and using the going concem basis of accounting unless the Trustees either inlend lo liquidate the Charity or to cease operations. or have no realistic altemative but to do so. Auditorfs responsibilities for the audit of the financial statements As explained more fully in the Trustees. feswnsibilitses statement set out on page 10. the Trustees (who are also the directors of the Charilable Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisffied that they give a true and fair view. and for such intemal control as Ihe Trustees determine is necessary to enable the preparation of financial statements that are free from malerial 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 concem, disck)sing. as applicable. matters relaled to going concem and using the going concem basis of accountiry unless the Trustees either intend to liquidate the Charitable Company or to cease operation5, or have no realistic altemative 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 mis5tatemenL whether due to fraud or effor. and to issue an auditorfs report that includes our opinion. Reasonable assuran is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will aNvays detect a material mi5slatement when it exists. Misstatements can arise from fraud or eOr and are conshlered material rf. individually or in the aggregate. they could reasonably be expected to influence the ewnomic decisions of users taken on the basis of these financial sLqtements. Irregulartties. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilrties. outlined above. to detect material misstatemenls in respecl of irregularities. including fraud. The specific procedure5 for this engagement and the extent to which these are capable of delecting irregularities, including fraud ts detailed below= Enquiry of management. those charged with govemance and the entity's solicitors around actual and polential litigation claims- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance wtth laws and regulations: 17
Greatwood Charity Limited Report of the Independent Auditors to the Trustees for the Year Ended 31 August 2024 Reviewing minutes of rneetings of those charged wilh govemance: Reviewing financial ststement disc105ures and testing to supporting documentation to assess compliance with applicable laws and regulats"ons: Performing audit work over the risk of management Oveide of controls. induding testing ofjoumal entries and other adjustments for appropriateness. evaluating Ihe business rationale of significant transactions outside the normal course of business and reviewing accounting e5timales for bias. BecAuse of the inherent limitations of an audtt, there is a risk Ihat we will not detect all irregularities, including those leading lo a material rnisslatement in the financial 5tstemenls or non-compliance with regulation. This risk increases the more thal cornpliance wtth a law or regulation is removed from the events and transactions reflecled in the financtal statements. as we will be less likely to become awar8 of instances of non-compliance. The risk is also greater regarding irregulartties occurring due to fraud rather than error. as fraud involve5 intentional concealment. forgery. collusion. omission or misrepreser)tation. As part of an audit in accordance ISAS {UlQ, we exercise professional judgment and maintain professional sceptiusm throughout the audit. We also: Identify and assess the rtsks of material mtsstatement of the financial statements. whether due lo fraud or error. design and perfomi audit procedures responsive to those risks. and obtain audit evtdence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher Ihan for one resulting from error, as fraud may inVVe collusion. forgery. intentional omissions. misrepresentations, or the override of intemal control. Obtain an understarKling of intemal control relevant to the audit in OFder to design audit procedures that are appropriate in the circumslarKe5, but not for the purpose of expressing an opinion on the effectiveness of the Charttable Company's intemal control. Evaluate the appropriateness of accounting poliae5 Used and the reasonableness of accounting estimates and related disdosures made by the Trustees. Conclude on the appropriateness of the Directors. use of the going concem basis of accounting and. based on the audit evidence obtained. whether a matersal Ljncertainty exists related to events or conditions that may cast signthcant doubt on the Chari12ble Company s ability to conb'nue as a going concem. If we conclude Ihat a material uncertainty eSts. we are required to draw attention in our auditorfs report to the related disclosures in the financial siatements or. rf Such disclosures are inadequate. to modtfy our opinion. Our condusions are based on the audtt evidence obtained up to the date of our audttorfs report. However. future events or conditions may cause the Charitable Company to ase to continue as a going (x)ncem. Evaluate the overall presentation. Structu and cx)ntent of the finarFcial statements. including the disclosures. and whether the financial statements represent undertying transactions and events in a manner that achieves fair presentation. We communicate with those charged with govemance regarding. among other matters, the planned scope and timing of the aLJdit and significant audit findings. induding any significant deficiencies in internal control that we identify during our audtt. Wenn Townsend Chartered Accountarts Eligible to act as an auditor in terms of Sectton 1212 of the Companies Act 2006 Gosditch House 5 Gosdttch Street Cirencester Gloucestershire GL7 24G Date: 13 Febnjary 2025 18
Greatwood Chatity Limited Statement of Financial Activities including Income and Expenditure Account for the Year Ended 31 August 2024 Year Ended 31 Aug 23 31 Aug 24 Unrestrictsd Restricted Designated Fund Fund5 Fund Total Fund Total Fund INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Horse welfare 503.779 503,779 409.161 39.438 39,438 3,271 Education and therapy 123.007 123,007 153,976 Fundraising aclivities 33,354 33.354 32.946 Investment income Other income 14.252 15.742 14,252 15,742 3,320 11,560 Total 567.127 162,445 729.572 614,234 EXPENDITURE ON Raising funds Charltable activities Horse weltare Education and therapy 60.085 60,085 63,702 310.491 155.742 11.628 132,269 322,119 288.011 303.751 273,039 Total 526.318 143,897 670.215 640,492 NET EXPENDtTUREI{INCOME) Investment property revaluation 40,809 18.548 59,357 126,2581 10.911 10.911 21,824 Transfer5 between funds 17 Net rnovement in funds 40.809 18.548 10.911 70,268 (4.4341 RECONCILIATION OF FUNDS 471,077 41.108 315.470 827.655 832,089 TOTAL FUNDS CARRIED FORWARD 511.886 59.656 326.381 897.923 827.655 CONTINUING OPERATIONS All income and expendtture have arisen from continuing actsvities The notes fomi part of these financial Statements 19
GalWOOd Charity Limited Statement of Financial Activities includtng Income and Expenditure Account for the Year Ended 31 August 2024 2023 Com rative Balance5 31 Aug 23 Unrestricted Restricted Fund Funds Designated Fund Total Fund INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Horse welfare Education and therapy 409.161 409,161 3.271 153,976 3.271 153.976 Fundraising aclivities Investment income Other income 32.946 3.320 11.560 32.946 3.320 11.560 Total 456.987 157.247 614.234 EXPENDITURE ON Raising funds Charitable activities Horse welfare Education and therapy 63.702 63.702 300.480 97.182 3.271 175.857 303,751 273.039 Total 461,364 179,128 640,492 NET EXPENDITUREI{INCOME (4.377) (21.881) (26,258) 21,824 Investment revaluation property 21.824 Transfers between funds 17 Net movement in funds (4.377) (21.881) 21,824 (4,434) RECONCIUATION OF FUNDS 475.454 62.989 293.646 832.089 TOTAL FUNDS CARRIED FORWARD 471.077 41.108 315.470 827.655 20
Greatwood Charlty Limited Balance sheet At 31 Augusi 2024 31 Aug 24 31 Aug 23 Total Total Fund Fund Unrestricted Restricted Designated Fund Funds Fund Note FIXED ASSETS Tangible assets Intangible assets 12 12a 58.768 1.976 52.833 76.381 187,982 1.976 149,987 5,999 60.744 52.833 76.381 189.958 155.986 CURRENT ASSETS Stocks Debtors Prepayments and accrued income Cash at bank and in hand 13 14 13,699 23,320 13,699 23,320 15.229 23,211 14 44.625 413.130 44.625 669,953 171.781 487,674 6.823 250,OIJ) 494.774 6.823 250.000 751,597 697,985 CREDITORS Accounts falling due within one year 15 (43.632) (43.632) (26,2261 NET CURRENT ASSETS 451.142 6.823 250.000 707.965 671.669 TOTAL ASSETS LESS CURRENT LIABILITIES 511.886 59.656 326,381 897.923 827,655 NET ASSETS 511.886 59,656 326.381 897.923 827.655 The notes fom part of these financial staternents 21
Greatwood Charity Limited Balance sheet (continued) At 31 August 2024 31 Aug 24 Total Fund 31 Aug 23 Total Fund Notes 16 FUNDS Unrestricted Fund5= General Fund 511.886 471.077 Restricted Funds: Restricted Funds- Education Restricted Funds- Outside classroom Restricted Funds - Cla&%room Restricted Funds - Poo picker Restricted Funds - CCTV Restricted Funds - Bungalow Reskncted Funds - Sensory garden Restricted Funds - Garden Restricted Funds- iPads Restricted Funds - CRM Restricted Fund5- Horse box Restricted FuFKls- Education EBSR 1.908 1,150 693 1.483 5,109 17.913 659 781 1.917 4,094 1.464 2,046 1.943 6.884 23,201 930 545 27.810 233 59,656 41,108 Designated Fund Property Purchase 326.381 315.470 TOTAL FUNDS 897,923 827,655 The Charitable Company is entitled to exefflption from audtt under Section 477 of the Companies Acl 2006 for the period ended 31 August 2024. The members have not depostled rK)tice. pursuant to Section 476 of the Companies Act 2006 requiring an aud5t of these financial statements. The Trustees aCknOedge th6Yr resp¢)nsibilities for {a} ensuring that the Charttable Company keeps ac(x)unting records that compty wilh Sections 386 and 387 of the Companies Act 2006 and preparing financ5al statelnents which give a tFue and fair view of the state of affairs of the Charitable Company as at the end of each financial year. and of rts surplus or deficit for each financial year in accordance wilh the requirements of Sections 394 and 395 and which otherwise cornply with the requirements of the Companies Act 2006 relating to financial ststements, so far as is applicable to the Charitable Company. (b) These financial statements have been audrted UfKler the requirements of Section144 of the Charities Act 2011 and have been prepared in ac(x)rdance with the provisions applicxble to small companies subjecl lo the small companies regime in accordan wilh FRS102 SORP. The financial s its behaFf by tements were a roved by e Board of Trust on FeWuary 2025 and were signed on Mrs H Yead The notes form p E- Trustee rtofth se financia •fvVI statement 22
Greatwood Chaiity Limited Cash Flow Statement for the year ended 31 August 2024 31 Aug 24 31 Aug 23 Notes Cash flows from operating activities: Cash generated from operations Finance costs 237.711 (7731 (125.0591 {657) Nel edsh provided by (used in) operating activilie5 236.938 (125,7161 Cash tlows from investing activities: Purchase of tangible fixed assels Purchase of intangible fixed assets Sale of tangible fixed assets Interest recerved (68.9111 (57.220} {1441 1.080 3,320 14,252 Net cash provided by (used in} investing activities {54,659) {52.9641 Cash and cash equivalents in the reporting period 182,279 (178,680) Cash and cash equivalents at the beginnlng of the reporting period 487.674 666.354 Change in cash and cash equivalents at the end Of the reporting period 669.953 487.674 The notes fomi part of these finanaal statements 23
Grealwood Charity Limited Notes lo the Financial Staten7ents for the year ended 31 August 2024 . General information The company is a private company lirntted by guarantee. registered and incorporated in England and Wales. The address of the registered is Rainscombe Hill Fami. Clench Common, Marlborough, Wiltshire SN8 4DT. ACCOUNTING POLICIES Basis of preparing the financial statements The finanaal statements of the Charitable Company. which is a public benefrt entity under FRS 102, have been prepared in accordance wtlh the Charities SORP (FRS 1021 'Accounting and Reporting by Charrties.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Finan81 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 Republ 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 resource5 by activity bul lo disclose Ihem in natural categories. Going concern The Charity has considered going coniEm and has taken the view that this is not an issue. Income All income is recognised in the Statement of Financbal Activities once the Charity ha5 entiuement to the furKls. It is probable that the income will be received and the amount can be measured reliabty. Expenditure Liabilities are recD3nised as expenditure as soon as there is a legal or constructive obligation commith-ng the Charity to that expenditure. It is probable that a transfer of econoTlliC 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 heading5 that aggregate all costs related to the category. Where costs canTh)t be direGUy attributed to particular headings they have been allOted to actpiities on a basis consistent with the use of resources. Allocation and apportionment of costs Cosls directly allocated trj activits'es are directly identifiable as wholly or mainly in support of the Charity's objectives. Support costs have been directy attributed to the objects of the Charity where possible. The remaining support costs, overheads and other c05t5 not directly attributable to particular functiorFal activity categories have been apportioned over the relevant categories on the basis of management estimates for the allUnt attributable to that activity in the year. Governance costs are those incurred in connection with enabling the Charity to com Y with extemal regulation. constitutii)nal and statutory requirements and in providing 5UPPOrt lo the Truslees in the discharge of their statutory duties. Fixed assets Depreciats'on is provided at the following annual rates in order to write off each asset over its estimated useful lrfe. Improvements to property Plant and mathinery FixtLtres and fittings Motor vehicles Intangibte assets - 10Qh on cost - 25% on cost - 259 on cost - 20% on cost - 25% on cost 24
Greatwood Charity Limited Notes to the Financial Statements (continued) for the year ended 31 August 2024 Stocks Stocks are valued at Ihe lower of cost and net reali5able 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 wth the charitable objectives at the discretion of the Trustees. Designated funds are unrestricted funds set aside by the Directors out of unreslricted general funds for speafic future purposes or projects Restricted funds can onty be used for particular restricted Purposes wrlhin the objects of the Charity. Restrictions arise when spectfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to the financial stalements. Hire purchase and leasing commitments Rentals paid under operaling leases are charged to the Statemenl of Finanoal Activities on a 5traight-line basis over the period of the lease. Pension costs and other post-retirement benefits The Charitable Company operates a defined contribution pension schetne. Contributions payable to the Charitable Companls penSn scheme are charged to the Statement of Financial Activiltes in the perÉcx1 to which they relate. DONATIONS AND LEGACIES Year ended 31 Aug 24 Year ended 31 Aug 23 Donations Gift Aid Legacies Grants Donated services arMJ faLilities 54.829 14.615 327.353 106.982 73,041 11,678 240.487 83.955 503.779 409,161 Grants received. included in the above. are as follows: Year ended 31 Aug 24 Year ended 31 Aug 23 Retraining of RahorSeS Vartous 41.500 65.482 21.000 62.955 106.982 83,955 25
Greatwood Charity Limited Note5 to the Financial Statements (continued) for the year ended 31 August 2024 FUNDRAISING ACTlVtnES Year ended 31 Aug 24 Year ended 31 Aug 23 Open day Sponsorships Lottery Collections Appeals Sundry activrties 6.939 io.ocrf) 6,814 460 8.668 473 13,800 7.304 11,660 182 33.354 32,946 INVESTMENT INCOME Year ended 31 Aug 24 Year ended 31 Aug 23 Deposit account interest 14,252 3.320 INCOME FROM CHARABLE ACTlVtriES Year ended 31 Aug 24 Year ended 31 Aug 23 Activity Horse welfare Horse wellare Horse welfare Grants 39.438 3,271 39.438 3,271 Education & Therapy programmes Grants Education & Therapy Education & Therapy 47,282 75.725 42,505 111,471 123.007 153,976 26
Greatwood Charity Limited Notes to the Financial Stalements (continued) for the year ended 31 August 2024 RAISING FUNDS COSTS Raising donations and legacies Year ended 31 Aug 24 Year ended 31 Aug 23 Staff costs Open Day Appeals Walk of Fame Lottery Support costs 50.314 1,280 836 51,192 398 2.401 21 4.450 5.240 4.312 3,343 60.085 63.702 CHARITABLE ACTIVlEs COSTS DiTect costs Support costs Totals Horse welfare Educalion & Therapy 189,271 132.848 152.983 135.028 342,254 267,876 332.119 288,011 610,130 27
Greatwood Charity Limited Notes to the Financial Statements {continued) for the year ended 31 August 2024 SUPPORT COSTS Management Finance Information Human technology Resources Raising donalions and Legacies Horse welfare Education & Therapy 3,343 6,688 6.688 117.259 95,939 13.412 13.412 3.365 6,729 213.198 26.824 16.719 10.094 General Govemance Costs costs Tota15 Raising donations and legacies Horse welfare Education & Therdpy 3,343 152.983 135.028 6.989 6.990 5.270 5.270 13.979 10.540 291.354 NET INCOMEI(EXPENDrruRE) Net incomel(expenditure) is stated after chargingl(crediliw): Year ended Year ended 31 Aug 24 31 Aug 23 Audtling of accounts Other non-audit services Depreciation- owned assets Hire of plant and machinery Surplus on disposal of fixed asset 5.540 5,000 34.939 5.430 5.200 2,896 36.470 7.123 {181 28
Greatwood Charity Limited Notes to the Financial Statsments (continued) for the year ended 31 August 2024 10. TRUSTEES. REMUNERATION AND BENEFITS No Trustee received any remuneration or expenses in their capacty 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 2024 nor for the period ended 31 August 2023. 11. STAFF COSTS Year ended Year ended 31 Aug 24 31 Aug 23 Wages and salaries Social security costs Other pension costs 281,947 20.797 11.330 274,742 21,922 9,243 314.074 305,907 The average monthty number of emoYeeS during the period was as follows: Year ended Year ended 31 Aug 24 31 Aug 23 Administration Equine Welfare Education 12 13 No employees received emoluments in excess of £60.000 29
Greatwood Charity Limited Notes to the Financial Statements (continued) for the year ended 31 August 2024 12. TANGIBLE FIXED ASSETS Short Improvements leasehdd to property Plant and machinery Land COST At 1 September 2023 Additions Disposals 65.470 10,911 3.055 238,179 163,046 6.827 At 31 August 2024 76.381 3.055 238.179 169.873 DEPRECIATION At 1 September 2023 Charge for year Disposals 2.673 382 188.938 6.998 135,731 14,853 At 31 August 2024 3.055 195,936 150,584 NET BOOK VALUE At 31 August 2024 76.381 42,243 19.289 At 31 August 2023 65.470 382 49.241 27,315 Fixtures and Fittings Motor vehicles Totals COST At 1 September 2023 Additions Disposals Tl.370 13.026 50,527 38.147 597,647 68,911 At 31 August 2024 90.396 88,674 666,558 DEPRECIATION At 1 September 2023 Charge for year Disposals 69,791 5.504 50.527 3.179 447.660 30,916 At 31 August 2024 75.295 53.706 478.576 NET BOOK VALUE At 31 August 2024 15.101 34.968 187,982 At 31 August 2023 7.579 149,987 30
Greatwood Charity Limited Notes to the Financial Statements {continued) for the year ended 31 August 2024 12k INTANGIBLE ASSETS Year ended Year ended 31 Aug 24 31 Aug 23 Bifwd Additions 52.466 52.322 144 52,466 52,466 Blfivd Charge for year 46.467 4,023 37.100 9.367 50.490 46.467 Net ly)ok value at 31 August 1.976 5,999 13. STOCKS Year ended Year ended 31 Aug 24 31 Aug 23 stock5 13,699 15,229 14. DEBTORS: AMOUNTS FALLING DUE vvrrHIN ONE YEAR 31 Aug 24 31 AL¢g 23 Trade debtors Prepayments Accmed income 23.320 23.042 21,583 23,211 13,384 158,397 67.945 194,992 15. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31 Aug 24 31 Aug 23 Trade creditors Social security and other taxes Auto Enrolment Pension Accruals and deferred InMe 19,515 6,003 1.309 16.805 9.107 6,066 999 10.054 43.632 26,226 31
Greatwood Charity Limited Notes to the Financtal Statements (continued) for the year ended 31 August 2024 16. MOVEMENT IN FUNDS Net movement Transfers in funds between funds 31 Aug 23 31 Aug 24 Unrestricted fund5 General fund 471.077 40,809 511.886 Restricted funds: Restricted Funds - Education Restricted Funds - Outside dassrcK)m Restricted Funds - Classroom Restricted Funds - Poo picker Restricted Funds- CCTV Restricted Funds - Bungalow Reslricted Funds - Sensory garden Reskncted Fund5 - Garden Restricted Funds - iPads Restn"cled Funds- Education EBSR Restricted Funds- Horse Box Restricted Funds - CRM Restricted Funds - Horses 4.094 1.464 2,046 1,943 6.884 23.201 930 545 (2.186) (3141 (1.353) 14601 (1.775) (5.288) (2711 236 1.917 233 27.810 (1) 1,908 1.150 693 1.483 5,109 17.913 659 781 1.917 233 27.810 41,108 18.548 59,656 Designated Fund Property Purchase 315.470 10,911 326.381 TOTAL FUNDS 827,655 70.268 897.923 32
Greatwood Charity Limited Notes to the Financial Statements (continued) for the year ended 31 August 2024 MOVEMENT IN FUNDS - Continued Transfer Movement Funds Income Expenditure Net movefflent in funds. included in the above are as follows"_ Unrestricted fund5 General fund 567.127 (526.318) 40,809 Restricted funds Restricted Funds - Education Restn"cted Funds - Outside classroom Restricted Funds - Classroom Restricted Funds - Poo picker Restricted Funds - CCTV Restricted Funds - Bungalow Restricted Funds - Sensory garden Restricted Funds - Garden Restricted Funds - iPads Restricted Funds -Education EBSR Restricted Funds- Horse Box Restricted Funds - CRM Restricted Funds - Horses 103.007 {105.193) {314) (1.353) 1460) (1.775) (5.288) (271) 1764) (83) (16.767) (2.528) (1) (9.1(X)) 12.1861 {3141 11,353} 1460) (1.7751 {5.2881 1271) 236 1.917 233 27,810 {1} 17.000 30.338 9.100 162,445 (143.897) 18,548 Designated Fund Property Purchase 10.911 10,911 TOTAL FUNDS 740,483 (670,215) 70.268 33
Greatwood Charity Limited Noles lo the Financial SL*ements (continued) for the year ended 31 August 2024 MOVEMEiif IN FUNDS- continued Name of Unrestricted Fund General Fund Description. nature and purpose of the fund The Yree reserves" after allowing for all designated funds. Name of Restricted Fund Educatior) Classroom Description, nature and purpose of the fund Funds made available expenditure on education. For the building. decorating and equipping of the new assri)om. To purchase Cc. To purchase garden equipment. To layout and planl a sensory garden. To purchase poo picker. To purchase horse rugs. To purchase Ck)ud management sofiware and hosting solutions. For employment help. For Bungalow itnpfovement Foi the purchase of iPads For the purchase of a horsebox Funds specifically for EBSR education For equipping an outside classroom. For expenditure on horses CCTV Garden Sensory garden Poo picker Rugs CRM Kickstart Bungalow iPads Horsebox Education EBSR Outside classroom Horses Name of Designated Fund Property Purchase Description. nature and purpose of fund The designaled fund has been set up for the purpose of looking to purchase the sf(e when the lease expires. 17. CONTINGENT UA81L1Es No provision for contingent fiabililies has been made as this is not applicable for this Charity for this or the preceding year. 18. CAPITAL COMMITMENTS No provision for capttal commitments has len included in these accounts as it is not applicable for this Charity for this or the preceding period. 19. RELATED PARTY DISCLOSURES During the year the Company paKI a salary of £40.000 (2023 - £40.0001 to Mrs H Yeadon in her capacity as Managing Director. for her services to the company as she is obliged lo live on the premises and be on call 24 hours a day. 7 days a week in case of problems with the anirnals and horses used for the educational programmes. She works full tirne for the Charity, managing the office, developing and managing the delivery of the educational programmes, running the fundraising and supervtsing Ihe welfare of the animals. Pension contributions of £1,013 {2023 - £1.013) Vre pabd in respect of Mrs H Yeadon. 34
Greatwood Charity Limited Noles to the Financial Statements {continued) for the year ended 31 August 2024 20. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTMTIES Year ended Year ended 31 Aug 24 31 Aug 23 Net income for the reporting period (as per the statement of financial activities) Adjustments for. 70.268 (4,424) Depreciation charges Profit or) disposal of fixed assets Interest received Finance costs Decreasel{Increase) in stocks Decreasel{Increase} in debtor5 (IncreaseyDecrease in credf(or5 34.939 36.470 {18} (3,3201 657 1.690 1154.777) 1,327 (14,252) 773 1,530 127.047 17.406 237.711 125,059 21. OPERATING LEASES Total future minimum payments under non-canlIable leases are as foltows: 31 Aug 24 31 Aug 23 Lease on property Within 1 year More than 1 year 42,500 35
Greatwood Chaiity Limited Detailed Statemenl of Financial Activities (continued) for the year ended 31 August 2024 Year ended Year ended 31 Aug 24 31 Aug 23 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Legacies Grants Donated services and facilibes 54,829 14.615 327.353 106,982 73,041 11.678 240.487 83,955 503.779 409.161 Fundraising a1VitieS Open day Sponsorships Lottery Colleclions Appeals Sundry activities 6.939 10.000 6.814 460 8.668 473 13.800 7,304 11.660 182 33.354 32.946 Investment income Deposit account interest 14.252 3.320 Charitable activities Education and therapy programmes Horse welfare Grarrts 47.282 39.438 75.725 42,505 3.271 111.471 162.445 157.247 Other incovne Gain on sale of tangible fed assets Rental income Miscellaneous income Rural farm payment 18 5.436 9.518 1.301 4.923 6.106 15,742 11,560 Total incoming resources 729,572 614,234 Th15 page does not form part of the statutory financial statements
Greatwood Charity Liintted Detsiled Ststement of Financial Activities (continued) for the year ended 31 August 2024 Year ended Year ended 31 Aug 24 31 Aug 23 EXPENDITURE Raising donation5 and legacies Wages Social security Pensions Open day Appeals Walk offarne Purchases Lottery and just giving costs 45.000 4,151 1.163 1,280 836 45,000 5,029 1.163 398 2.401 21 4.312 4,450 56.742 58,462 Charitsble activities Wages Social security Pensions Sub-contract workers Education expenses Veterinary costs Farriers costs Equipment repair and renewals Feed and other horse costs Sensory garden depreciation Plant and machinery depreciation Motor vehicles depreciation 186,947 12,382 9.154 37.199 896 24.558 8.598 2.803 21,140 410 14.853 189,742 12.654 7,067 23,377 223 27,629 6.988 5,075 28.998 534 14,130 li 3,179 322.119 316.417 This page does not fomi part of the statutory financial statgmerrts
Greatwood Charity Limited Detailed Statemerrt of Financial Activities (continued) for the year ended 31 August 2024 Year ended Year ended 31 Aug 24 31 Au9 23 Support costs Management Wages Social security Pensions Hire of photocopier Fiates and water 40.000 4,264 1.013 5.063 5,430 40,000 4,239 1,013 6,273 7.124 L il Insurance Lighl and heat Cleaning Advertising Premises expenses Rent Short leasehold depreciatton Improvements lo property de&ectatIOn Fixtures and fittings depreciatio Intangible depreciation 16.342 35.265 3,186 62 43.575 42,500 382 6,588 5.504 4.023 16,739 13.099 3.410 718 40.638 42.500 382 7.320 4,737 9,367 213,198 197.559 Finance Bookkeeping Postage and stationery Bank charges Legal and professionai Credit charges 19.112 1.636 1.765 3.538 773 11,699 2.060 1,730 6,986 657 26.824 23,132 Infonnation Technology Telephone Computer costs Website costs 4.663 11.240 816 3,716 11.090 1,212 16.719 16,018 This page does not ft>Tm part of the statulory financial statement5
Grealwood Chartty Limited Detailed Statement of Financial Activilie5 (continued) for the year ended 31 August 2024 Year ended Year ended 31 Aug 24 31 Aug 23 Human resources HR Insurance other staff costs Recruitment Staff trainin9 3.322 2.665 715 3,392 3.830 1,914 317 932 10.094 6,993 General Costs Waste disposal Motor expenses Travelling Subscripts'ons Licence5 Refreshments Sundries Doubtful debts 1.933 7,898 656 1,169 2.247 6,508 1.439 1,277 390 734 1,220 717 1,122 13.979 13,815 Goveman¢e costs Auditors. remuneration 10.540 8.096 10,540 8.096 Total resources expended 670,215 640.492 Net income 59,357 {26,2581 This page does not fomi part of the statutory financial statements