REGTsfERED COMPAIYY IYUMBEIL. 05753081 (Eng12nd and Wales) REGISIERED CHARTfY NUMBER: 1117361 GHARITY COMMISSION EPORT THE TR NAUDIT FINAN L STAT THE YE ENDED MARC 2024 THE EHORS ANCT RY LTD FI CRT Limlted Flat 24 Wellingtonia Court Laine Close Brigbton East Su&sex BNI 6TD
THE RACEHORSE SANCTUARY LTD CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR EF4DED 31 MARCH 21124 Report of the Trnstees I to 3 Tndependenl Examinerf$ Report StatsmeDt of Finanelal Aeélvltles Balan¢e Shttt Notes to Ihe 0¢191 Stalements 7 to 14
THE RACEHORSE SANcfuARY LTD REPORT OF THE TRUSTEES FOR THE YEAR EM)ED 31 MARCH 21124 Th¢ trnstees who are also dire£th of the chwity for the purposes of the compan Act 21K)6. present their report with the fancial statements of the chaTity for tILe yeBr ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Clwitll. Ststemoitt of Rernmended Practice applicable to charities PTepariMg their accounts in accordan¢e pjith the FiDClaI Keporting Standard applicable in the UK and Republic of freland (FRS 102) (Effective l January 2019). OBJECTtVES AND AcrtvrnES Objectives and aims Th¢ Objcctivcs of the chty ar¢: To offer thoroughbred racehorses a ¢bance at a second L7Teerlhome wben they are retired from ra¢in¥ or are unable to continue. To relieve sufferllig of injurt sick and negkcted racehorses and kn provide sanctuary or to rehome suitable horse$ no Im8er able lo fulfil their purw)se in the racing hNIusty. To liaise wilb trainers to identify suitabl¢ horses. To increase awar¢ness of the public of the potent of fonner orSeS and to belp to edee the public in horse wtlfare aud the prevention of ¢nlty and Sufferin& Alj such things that will furtber the attainmellt of these objects subied to the provision that tthing will be done that will PT¢vent the obj¢cts of the ¢harity bell deemed to be ¢haTitsble. Alm$ The Aims of the Cbarity are: The Principle objectivc of the charty 1$ to offer thOroUbred forn1 Taed)orse4 whether fit or it)jurt regardle$s of 88e, rebolping OI sanctuary. Ollce tht horse has been &ssed and been through a tsilored rehabi]itation program. the Charity actively tries to rehorne tho majority of hoTses in our Cdr¢. Potential horn are carefully a&se8sed by our Welfar¢ and Rehoming OtTicer with the &im of matching the horse to the potential new home and new kcepcr. The Racehorse Sanctuary continue to ttth pro& in improving the pn)wty to aid the rehabilitation oeex-race horses aud continue to provide the bighest levels of care to horses with J 5 stable5, a horse walkcr and thndraisin8 plans &r¢ in place for an aTena to help further with rehabilitstion and rehorni Publie benefit The Trustees Confm that they have referred to the guidance contained in the Cbarity CommissioD'S g¢neral guidancp on publi¢ benefit wh¢n reviewing the Charitys aims Qlld objective5 and in the planning of fvture activitics. The Trustees b¢lieve that the paragrapbs under the headings of "Objedives aDd Activities" and "A¢hi¢vements and Performance. relate ID detsil the benefit that ¢haritable rompany provides to the public. ACHIEVEMENT AND PERFORMANCE Chftrltable a¢tlvl¢i The Racehorse Sanctuary and Rtrhoming C¢n(ze returned to West Sussex ID December 2018 to a property that was available at a modest reniaj. Work on the PTopety ha5 continued througbout 202212023 large ar¢as of fencijjg which was post a wire has beets replaced with post and rail. We still bave more fencing io replace. A saod s¢hool bas been built alld has been a eat assd to the cbarity Duking our re4fdining pro8fdmme safer and enabling us to worf( with the borsos throughout the year. Page I
THE RACEHORSE SAIYCVUARY LTD GISTERED NUMBEIL. 05753081 PORT OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Financial position and lieserv£s The charity had the benefit of an incrLwe in unrestricted xtivitses of L89,140 and this has been add to the last year's reserves to give posittve reserves of £19l.S02 to be carried forward. 202312024 a better year for fund raising activiti&s and we have been fortUDate to have belfitted from severat legacieg and ndIng from various Tn]st's. Flnancial Outlook W¢ arc d¢lighted with our two tnain fund raising events our opeD day iD Septynb¢r was very well attended and thoroughly enjoyed by a]1 our visitOf5. Our ra&Y in November was beld * a new veDue Plumpton Racecourse it was a great suc¢ess and we will be returning in November 2024. We bav¢ been very fortunate to have sourced two n¢w P8rtners alld new contscts The ROA will be vistiing us in Juty wtih around forty m¢mbers. W¢ hav¢ r¢-homed three riding ho$ this year whi¢h is our fo¢us a9 well a5 caring for the Seven horses wbo will be with us ttntil the tirne comes. A]so. reThaiDing in contsct with the keepers who care for our re4rned ly)rses around the County STRUCTURE, GOVERNANCE AND MANAGEMENT Governlog document Th¢ Charity is a company limiied by guarant# and is governed by its Men)orandurn and Articles of Association dat¢d 23 March 2006 as amended by special resolutions dated 2 November 2(M)6 and 19 December 2006. Reerultm¢nt and oppolD¢ment of Dew trustrf8 The Trustees {Directors for Companies Act Purposes) are list in this rqL The Charity is govemed by a board of Trustee$, the njOrity of ]n arenon-exe¢irtive and are responsible for creatillg and monitoring key poli¢ies and strategy. The number of Dire¢torA sball not be less thgn three but (when othenwise deterned by ordiDary resolution) shall not be subject to atsy maxinjum. Th¢ fst Directors shall be these persons notified to Companies House as th¢ rst diredoTS. and the Charity rnay by ordinary rtsolution= (a) Appoint a person who is willing to act to be a Director. and (b) Deternline the rotation in which any additional DTrectors are to retire. One third (or the nUMr nearest to one third) of the Directopa MI reliff at each AGW but a reLirtng Director yhould bo eligible for r¢-deGtAon. REFERENCE AND ADMtNISTRATIVE DETAILS kegistered Company number 05753081 (Englalld and Wales) Regtster¢d Cbarity numb¢r 1117361 Reglstered oflle¢ 50 Quarry Street Guildford Surrey GUI 3UA Page 2
THE RACEHORSE SANcfuARY LTD ECISTERKD NUMBEIL. 05753081 REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 frtARCFt 2024 Truste Ms C Mcilwraith Ms S Moore Ms L Murray (signed 15.423) E B OReilly Hyland Miss E Taggart (appointcd 17.4.23) P Rowe (appointed 26.423) Mrs L Rowe (appoint 28.423) IDdepend¢nt Eiamlner Christopher Robert Tyler FCA DChA FCtE FI CRT Litnited Flat 24 Wellingtonia Court Laine Close Brighton East Sussex BNI 6TD Bankers Lloyd5 TSB BaDk PIC I West Stre¢l Horsha West Sussex RH12 IPA STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of The Raceborse Sanctuary Lid for the purposes of conwany law) are responsible for pr¢partng the Report of th¢ Trustees and the fancial statements in accordance with appllcable l&w and United Kipgdom AexountiDg Standards (Unit¢d Kingdorn GeLerally Accepted A¢couDting Practice). CoTDpany law T¢quires the trustee6 to preparc financial gtaternents for each financial yefir wbich give a true and fair view of the state of alTairs of the charitable company and of the incomin8 resour aDd appliLxtion of resource5, including th¢ incotne and expenditure. of the charitable company for that period. In prying those financial statements, the trustees aTQ required to selcct suilablc accounting policies and then appty them consistent]y. observe the methods and principles in the Charity SORP. Dke judgements and estirnates that are reasonable And prudcnt; prepare the fiDancial statements on the going conc¢rll blS unless it is inappropriate to presume that the charitablp company will CODtiDue in business. The trustees are responsil)le for keing prnr accounting records which dilOse with re&80nable accuracy dt Y ti]ne the financtal position of th¢ charitabl¢ company and to enable them to ¢n5ure that the financial statements CO]llply with th¢ Cotnpanies Act 2006. They are also resEX)n5ible for safeguarding the assets of the cbaritable company and hence for takin8 reasonable 5t¢ps for the pr¢velltion and det¢¢tion of fraud 8Dd other irregulariti¢& and si8ned on its behalf by. Approved by order of the board of trust¢es OD Ms C McilwTaiih - Trus Pag¢ 3
IIWEPEM)ENf EXAMINERtS REPORT TO THE TRusfEES OF THE RACEHORSE SANCTUARY LTD IndependeDt examiner's report to the trustees of The Raeehorse Sanctuary Ltd Cthe Company,) I report to the charity trustees on my examinknoD of the accounts of the Cojnpally forthe year ended 31 March 2024. Responsibilith5 and basis of report As tbe charity's In]stees of the CY (aod also its directors for the purtKbses of compw law) you are responsible for tbe preparalion of the accounts in accordallce wtth the requirements of the CornpaDies Act 21K16 (Ihe 2(M)6 Act,). Having satisfied myself that the accoutts of the Cornp8ny are not required to be audited under Part 16 of the 2006 Act and are eligible for indep¢ndent eX2mllOn, I reEK)rt in respect of rny C10 of your c]JaritVs accounts as carried out under Section 145 of the Chartties Act 2011 ('the 2011 ACV). In carrying out my ¢xamination I hav¢ followed the Directions giv¢n by the Clty CommiwoD utthi Section 145(5) (b) of the 2011 ACL Independent examlner's sta¢emellt I have ¢ompleted DIY examinatio I co1 that no llhltteiB have come ts my attention in wwtion with the examinatioD giVll m¢ Cause lo believ¢: a¢¢ounting records w¢re not kept ID Spe0t of tbe Comwy as r¢quired by Section 386 of the 2006 Act; or the accounts do not a¢¢ord wilh those records. or the accounts do not comply with the ac¢ounting requirements of Section 396 of th¢ 2006 Act o¢her tban any reouirem¢nt that th¢ ac¢ounts give a tsu¢ and fair view which is nol a fftat CODsidered as part of an independent exatnination. or accounts have not been prepa1 in accordance with the metbods and principles of tFLe Stat¢mellt of Re¢omthended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in Accordatsce with the Financial Reporting Slandard appli¢able in the UK and Republic of Ireland (FRS 102)). I have no CODcern$ and have come across no other lltter5 in conttiOn with the examination to wbich attention should be drawn in this report in order to enable a proper understaDding of the accounts fo be reached. Chri8tophcr Robert Tyler FCA DChA FCIE FI CRT Limited Flat 24 Wellingtonia Court Laine Close Brighton East Sus3ex BNI 6TD Page 4
THE RACEHORSE SANCfUARY LTD STATEMENT OF FINANCIAL AcfiviTtES FOR THE YEAR E]YDED 31 MARCH 2024 2024 2023 Total funds fund fimds Nt)t¢s Donations and legacies 115,651 30.61M) 146251 124,066 Charitable activilies Sanctuary income 31.050 12(K) 32.250 6,800 Other trading activities Jnv¢stment income 10.702 348 10.702 348 14,203 Total 157,751 31,8) 189,551 145,070 XPENDITURE ON Raising fiEnds 2.128 2,128 6,830 Charltable fictfvltles Sanctuary expenditure 97,083 97,083 105,007 Total 99211 99,2ll 111,837 NET INCOME Transfers beÈweeD funds 58,$40 30,6CK) 31,800 (30,600) 9)?40 33,233 16 Net movement in fynds 89,140 1.200 90,340 33,233 RECONCILiATION OF FUNDS Total lld5 brought forward 102.662 102,662 69,429 TOfAL IIUNDS CARRiED FORWARD 191.802 1,2(Xl 193,002 102,662 The notes forni part of these fiDancial ststemej Page 5
THE RACEHOILSE SANCIUARY LTD GtSTERED NUMBER: 0575J081 BALANCE SIIEET 31 MARCH 2024 2024 Total 2023 Total fLmds fund Noks FIXED ASSETS Tangrible &wts l3 32235 32235 6,994 CURRENT ASSETS Debtors Casb at bank and in band 14 61,400 99.815 6l,4(Ml 101,015 55,706 43,471 1200 161.215 1,2 162,4l5 99,177 CREDITORS AEllOUllts falling due wilbw olle year 15 (1,648) (1,648) (3,509) NET CIIRRENT ASSETS 159,567 1200 160,767 95,668 TOTAL ASSETS LESS CURRENT LlABtLfivES I91,82 1200 193,002 102,662 NET ASSETS 191,802 1200 193,002 102,662 16 Unrestricled funds Restricted funds 191,802 1,200 102,662 TOTAL FUI¥DS 193.IM)2 102.662 The charitable company is entitled to exemption from audit undeT Section 477 of the Companies Act 2006 for the year endod 31 March 2024. Th¢ members have not required th¢ company to obtain an audit of its financial slatements for the year ended 31 MaTch 2024 in accordance with Section 476 of the CompAnies Act 2006. The trustees acknowled8e their responsiljilities for (a) ensuring that the charitable company keepy a¢¢OUri yeKoTds that comply with SectiOll3 386 and 387 of the Compani¢s Act 2006 aod (b) preparing fmancial statsments which give a true and fair vieiv of the stste of affairs of th¢ charitablo company as at th¢ end of ¢ach [anCIal year and of its surplus or deficii for each financial year in accordance with the TequiremeDts of Sections 394 and 395 and which otberwise CODwly with the requirements of the Companies Act 2006 relatin8 to fanCIal sratetnents, so far as Apph'¢abk to the choritable company. Tbese fittancial st&tsments have been preFored in accordatKe with Ibe provisioDS applicable to charitable companies subje¢t to the small compaDies Te8iJDe. The fuwicial siatemeni$ were approved by the Board of Trustees and authorised for issue .. and were s1cd on its bdw]f by. on C M¢ilMTaith - Trustee The notes form part of these fmancia] ststements Page 6
THE RACEHORSE SAiYcfuARY LTLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the finaneiat statements The financial statements of the charity, which is a public Enefft entity under FRS 101 have been prepared in accordance with t} Charitles SOIiP {FRS 102) 'AccountiDg and RetthiDg by Charities.. Statement of Recornmended Practice applicable to ch8rittes prep8rmg their accouDLg in accordance with the Financial Re)ti)g Standard applicable in the UK and Republic of Ireland (FRS 102) (Effective l January 2019),. FinaDcia] RetAHtiDg Standard 102 The Firjancial Reping StsndaTd applicable in the UK and Republic of Ireland, and the Chariti¢s Act 20I l. The fmancial stat¢monts hav¢ b¢¢n pr¢Pad und¢r tb¢ historical cost conv¢ntion. The Raceho¢ Sanctwy Ltd meets the definition of a public benefit entiry wr FRS I02. Assets aDd Jiabilities are initialty r¢eognised at historical cost or transaction Vah unless othenwise ststed in the relevant accountillg polity note(s). The ¢0nts ar¢ prepared in sterlin& Lch is the filltIOnal curncy of ihe ¢hariry. Monetary amouDtB in these fancial statemenls are rounded to the nearest £. The tru$tees/directors consider that there are no material uncenainties about the companys ability to Continue ag a going concern. IDcome All in¢ome is recogtiised in the Statement of Financial ActAvities once the chariry bas entitlement to the funds. it is Probable that the income will be receiv and the Ount can be measured reliably. Assets donat¢d to the cknity have been incbjded at valuation and depreCiad over their use7 ewiomic life. ND amounts are Includ in the accounts for services donated by volunteers. xpendltllre Liabilities arc reco]sed as expenditurc as soon ag ther¢ is Pd legal or constnjctive obligation comllllttlng th¢ cbaTity lo that expenditure. it is probablt that a trdll5frr of econornic benefits will be rcquired in settlement and the amount of the obligation LZD be me&sur¢d reliably. ExIKle is accounted for on an accruals basL5 and has been classified under hcddings that a8gregate all cost related to the category. Where cosis cannot be directly attributed to particular headings they have been allocated to activities on a b&sis consistent with the u8¢ of resources. Cosls of getating fimds . costs incurred in Attracting 8raDts, voluntary income and fees. Charitable expcnditure- direct costs incurred in r1mn1 the sanctuary. Support costs - sovernance costs incurred in the governanc£ of the charity and its assets and primarily associated with constitutional and stattrtory requir¢ments. Tanglblp flxed assets Tangible fixed &8sets Costll more than £S(KJ are capits]ised and included at cost including any incidental exp¢nses of acquisition. Depreoi8tion is provided on atl tsngible fixed assets at rates calculated to write off the cost over their expected uSefi ecoDomi¢ lives as follows: Hors¢ Box - 2/ OD ¢( Trartor- 200/0 on redIng balance b8SiS Plant and Machinery - 200/0 on reducing balance basis Furnith and Fittings- 200/0 on reducing balance basi5 Leasehold ImprovemeDts- Over terni of the lease on a strai81rt line basis Page 7 continued...
THE RACEHORSE SAIYCfUARY LTD NOTES TO THE FINANCIAL STATEItrIEYJ rs- colltinue41 FOR THE YEAR EM)ED 31 MARCH 2024 ACCOi]NTKNG POLICIES. continued Taxation The Chlty is considffe& to P&S8 the tests sct out in Paragrdph I Schthle 6 Finance Act 2010 and therefore it meets the definition of a clMrit2ble CoMY for UK Corpjratton Tax pllrp. Accordingly the CharÉty is potentially eXern frimi tsxation in resExct of income or capital gains Teceived within categories covered by Chaptsr 3 Part l I CortMKation Act 2010 or Section 256 of the Taxation. of Chargeable Gains Act 1992, to th¢ extent that $u¢h income or 415 ar¢ applied txclusivety to thaTilable purymm. Fund aeeounthig Unrestri¢t¢d funds be used in %¢orthce with the cbaritable objeuives at th¢ dIre*LOn of the truste¢s. Re5tri¢ted funds can ollly be used for wticular restricted purp(w wilhin the objects of the ¢harity. Re5trictioDS arise when specified by the donor or wben fid5 are raised for particularstricted purposes. Furtber explanation of the t]alure and purpLW of each flll is incjuded in the notes to the finan¢ial statements. DONATIONS AND LEGACTES 2024 2023 DonalioDS and legacies Grants 142,351 3,900 124,066 146,251 124,066 atsts receiv, included iti the alm) are as follows.. 2024 2023 Pets at Horne Ltd 3.900 OTHER TRADING ACTivfTIES 2024 2023 Fwidraising events Sponsorships Other 7,712 2.990 10,980 2,924 299 10,702 14,203 INVESTMENT INCOME 2024 2023 Deposit account iDtere8t 348 Page 8 continued...
THE RACEHORSE SANCfUARY LTD NOTES TO THE FINANCIAL sfATEMENfs - continued FOR THE YEAR EIYDED 31 MARCH 2024 INCOME FROM CHAiufABLE AcTIvrriES 2024 2021 Activity Sanctuary income Owner Trainer DonatiODS 2,100 4,700 9.050 Profrt on sale ofmotor vehicle 20,0 1,200 Sanctuary income 32250 6,800 GraDIs Teceive4 includ¢d in the abo are as follows: 2024 2023 Childwick Thist 1,200 RAISING FUIYDS Ralslllg do*ations and legaeles 2024 2023 FundraAsing costs 2,128 6,830 CHARITABLE ACTAVATIES CO Direct Costs (see Aote 8) sanCtuY expe[ltUre 97,083 DIRE COSfS OF CHARrrABLE A1VITIEs 2024 2023 Insurattce Telephone Postage and stationery Advertising SLLndries Feed and BeddiDg Vet Fe¢3 Sundry Yard Expenses Livery and Schooling Farriery Subcontra¢lors Sundry Equine Expenses Murk Away Motor ExpeDse5 Computer and TnterDet Repairs and R¢newaJs Depreciation Tndependeni Examiners Fee 3,382 165 288 2,775 297 223 581 336 7,416 5,888 8,181 1,950 2,938 43,518 2,842 300 3,537 9,351 3,104 1,749 1,110 1.93l 7.162 2,124 8.584 1,726 2,406 40,819 510 660 359 2,348 14,720 1,140 Carried forward 88,920 96,096 Page 9 continued..,
NOTES TO THE FINANCtAL sfATEMLYTS - continued FOR THE YEAR EIYDED 31 MARCH 2024 DIREcf COSTS OF CHAIUTABLE ACnVITtES . totttinued 2024 2023 Brought foTward Bank Charges and Interest Rent Bookkeeping Professional Fees 88.920 703 96,096 762 7.040 1.059 50 420 97,083 105,007 NET INCOMEIIEXPENDITURE) 74¢t incomel(expenditur¢) is stated after Charg](CredItIng). 2024 2023 DepreciatioD - owned assets 14,720 1,749 io. TRUSTEES, REMUNERATION AND BENEFIIS TheT¢ were no trustees, remuiieration or other bCrits for the year ended 31 March 2024 nor for the y¢ar ended 31 March 2023. Trusttts, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for tbe year ended 31 March 2023. STAFF COSTS There were no staff costs durtng the year. No ewloyee received emohllnetts in exccss of £60,000. The charity considers it5 key msnagement personnel comprises the tru5teos who reccived no benefits from the oharity. 12. COMPARATIVES FOR THE stATEmE OF FINANCIAL A1VITIEs Unrestricted fund R¢stricted funds Total funds INCOME AND ENDOWMENTS FROM Donationy and legacies 124.066 124,066 arllable aclivltles Sancruary in¢orne 6,8(Y) 6,800 Other trading aclivities Investment income 14203 14,203 Totsl 145,070 145,070 EXPENDrfuRE ON RaisiDg funds 6,830 6,830 Page 10 Continued...
THE RACEHORSE SANCTUARY LTD NOTES TO THE FINANCIAL sfATEMETh . conlinued FOR THE YEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE srATE[ENT OF FINANCIAL ACTIVITIFS . eontinued Unrestricted Restri¢t£d fimd funds Total funds Charitable adivities Sancw ¢xpendtture 101.117 3,890 105,007 Tolal J07.947 3.890 111,837 IYET INCOMElffXPENDITURE) 37,123 (3,890) 33,233 RECONCILIATION OF FUNDS Total fiujds brougbt fonvard 65,539 3,890 69,429 'TOTAL FUNDS CARRiED FORWARD 102,662 102,662 13. TANGIBLE FIXED ASSETS Imprnvements Fixtures PlaDt aDd macbinery pro fittings COST At l Apnl 2023 Additions Diswals 24,007 960 39,961 At 31 March 2024 39.961 24,007 960 DEPRECJA TION At l April 2023 Cbarge for year Eliminated on dis1 19,892 823 756 41 13J21 Al 31 MaTch 2024 13.321 20,715 797 NET BOOK VALUE At 31 March 2024 26.640 3,292 163 At 31 Mah 2023 4,115 204 Pagell Continued.,.
THE RACEHORSE SANcfuARY LTD NOTES TO THE FINANCIAL STATEIIIENfs . tntInued FOR THE YEAR ENDED 31 MARCH 21124 13. TANCIBLE FIXED ASSETS. conlinued Tractor HoTge Box Totals COST At l April 2023 Additions Dis 17.500 52.000 94.467 39,961 {52,000) (52.000) At 31 Marrh 2024 17.500 82,428 DEPRECIATION At l April 2023 Charge for year Elitninated on disp1 14,825 535 52,000 87,473 14,720 (52.000) (52.IK)O) At 31 March 2024 15,360 50,193 ET BOOK VALUE At 31 March 2024 2,140 32,235 At 31 March 2023 2,675 6,994 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debto Prepaym)enlS 61,400 55,538 168 61,400 55,706 CREDITORS: AMOUNTS FALLING DUE WITHI1¥ ONE YEAR 2024 2023 Trad¢ CTeditors AcCruS and deferred nme 168 1,480 2,029 1,480 1.648 3,509 16. MOVEMENT IN FUNDS Net roov¢ment in fuDds Trnnsfers between fuDd5 At 31.3.24 At 1.4.23 iJDreslrict¢d funds General fund 102,662 58,340 30,600 191,802 'Restrided funds Sand School Bowser 30,600 1,2(N) {30.6(10) 1,200 31,8(Y) (30,600) 1,200 TOTAL FUNDS 102,662 90,340 193,002 Page 12 continued...
THE RACEHORSE SANCTUARYLTD NOTES TO THE FINANCIAL STATLSIENTh . continued FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMEIYTIN FUNDS. continued Nel movement in funds, inchhled itt above are as follows: Incoming Resources Movernent Unrestricled funds G¢neral fund 157.751 (9921E) 58,540 Restrlcted funds Sand School Bowser 30,600 1200 30,600 1,200 31,800 31,800 TOTAL FUNDS 189,551 (99,211) 90,340 CompArfitlves for rnovethent In fiinlts Net movement in fimds At 31,3,23 At 1.4.22 UDreslrieted lund8 Q¢ner81 fund 65,539 37,123 102,662 Restricted fund$ The Racing Foundation 3,890 (3,890) TOTAL VUNDS 69.429 33.233 102.662 Comparative net movcmcnt in fimds inchmled in the above are &$ follows: Resources expended Movement in fvnds resources Ullrestricted funds General fid 145,070 (107,947) 37,123 Restrlcted funds Th¢ Ra¢ing Foundation (3,890) (3,890) TOTAL FUNDS 145,070 (111,837) 33,233 Transfers betw¢¢n fvnds The charity had th¢ folloWll restrict f. l.sand SCI1. Donatiotss wer¢ received for the cons1ntiOn of a Sand School dwing the year. As the works have beeA complded a transfer to UDrestri¢t¢d fidS been made. Pag¢ 13 continu¢d...
THE IIACEHORSE SANCTUARY LTD NOTES TO THE FINANCIAL sfATEMENIS - continued FOR THE YEAR EIWED 31 MARCH 2024 16. MOVEMEiYf IN FUNDS. continued Transfers ltheeD fvnds- continued 2.Bowser. The ¢harity rff¢ived a donation specifically to thd the instal]alion of a ly)wser. 17. RELATED PARTY DISCLOSiJRES Tbere were norelated party tran&Ytion$ for the year ended 31 March 2024. 18. IILTIMATE CONTROLLING PARTY The ultimate ¢ontrolling parties are the ¢eeId1re£t0T5. 19. STATUTORY INFORMATION The Racehorse Sanctuary Lid is a comwiy is lirnited by gurntee not having a share ¢apital. In the event of the company being dissolved each member is liable to a nlInu[n of £10 towards the cost of di8501ution and liabilities In¢u¢d while belsbe w&s a and for twelve months after ceasiDg to be a member. The net assets on dissohrtioffj after all its debts and liabilities have been settle4 shall be applied or transferred: a).Dire¢tty for the objects. b).By transfer to any charlty or charities for puwes similar io the obje¢ts' or ¢).To any charity or cbaritie$ for use for particular purpxises that fall withij) the objts. The company's registered office registered number can be found in the Legal and Administrative Infornlation $¢ction of the accounls. Page 14