Charity Rcgistralion No. 1139644 TEAM TUTSHAM CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 5tr¥lK* fotr SI￿*11 Chatity Regtstsation No. 1139644 Team Tutsham Charlty Contents Page Trustee report Independent examinerfs report Statement of financial activities Statement of financial position Notes to the financial statements 12 Charity Rcgi5ts3tsixJ No. 1139644 Team Tutsham Charity Legal and Administrative Infonnation Trustees Mark Finch Maxine Buckby Victoria Pataky Zara Harrison Lorraine Floyd Charity number 1139644 Principal address The Cottage Tutsham Fam West Farleigh Maidstone KENT ME15 ONE A¢countsnts TaxAssist Accountants Chartered Accountsnts 714 London Road Aylesford ME20 68L Charity Registration No. 1139644 Team Tutsharn Charity Trustees. Report For tho yoar ended 31 December 2023 The trustees present their report and financial statements for th6 year ended 31 December 2023 The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply wilh the charity's governing documents, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in March 2005. Objectlves and activities As a charity we aim lo support young people from vulnerable backgrounds. That can include living in a care home, foster home. disadvantaged or abusive homes. These young people often present with mental health issues. ASD, ADHD or severe anxiety disorders. We also support youn9 people with physical disabilities. Our aim is help improve social skills, independence. sew esteem, empathy for others and help them see a clearer path for their futures. We do this using our horses as Iherapy. They learn social skills. team working. responsibility as well as leaming lo care and ride the horses. In addition we assisl wllh college applications, work experience placements and job interview5 The Trustees have pald due regard to guidance issued by the Charity Commission In deciding what activities the charlty should undertake. Achlevements and perfomiance The arrival new horse8 and goats - Arfur, Chester, Dusty, Prlnny. Sklthes. Maverick, Orbit, Ouie, Marley, Tulip, Daffodil & Spot. The rainbow bridge took our bdoved - Bob, Taylor, Raisin, Adam, Ollle. Trevor & Malcom. Esme visited us with Casper and then again for our Christmas paty with M￿key. She also kindly donated funds from the sale of her horse box for us to purchase a newjump and a defibrillator. Mark has run numerous team dinics and games. Our Cross Country Course was built. We ran Clear Round events as fundralsers. Ruby Fryer ran 3 showiumping clinlcs. Hosted 5 shows at the farm alongside SMP Events and Colette's Shows. Brachers chose us as their Charity Partner of the Year. &Jpported several schools and colleges with work experience placements. We had students work towards th8 Duke of Edinburgh Awards. Lillico sUPPOrted us wth the purchase of new riding hats and some leading attachments. We won Disadvantage Youth Equine Experience Charity of the Year 2023- South East England I￿￿1S￿l0n Inlernational}. Esme's first book was published wth a mention to usl Ade Murphy dinic ran 2 Dressage Clinics. The launch of Tutsham Academy workirKJ with authorllies lo support young people In need during sclbjol temis. ASDAN accredited centre and relevant training completed. Supporting Vulnerable adults with Better Lives Supported Living. New RKling Instructor Clara joined the team. Finalist for EBA Diversity Award. June won pony of the month in the British Rescue Horse and Pony Society Competition. Partnered with the Charity F￿e lo be kids supporting young people from Inner City London. Our team raised funds for us by crossing the Gobi desert and pulling an 18ton truckl Team Trip lo Hickstead with kindly gffted lickels. Verrfied member of Equinnect. Brachers sponsored ponies for well deserved Sports Massages. Established links with the Riding the Dream Academy with a date planneé to lake our kids in 2024. Spooky Halloween Trail fundraiser. 2 Shepherds Huts add a further facility to the farm. Staff passed counselling and young people mental health accreditation's. June was featured in Your Horsp magazirie. Tgam Trip to London International Horse Show w￿h kindly gifted tickets. Featured in Boy5 Ride too Magazine. Cbatity Rw'stsation No. 1139644 Team Tutsham Charity Trustefr's Report {continued) For the year ended 31 Decernbor 2023 Flnanclal revlaw It is the policy of the Charity that unrestricted fund5 which have not been despjnated for a specific use should be maintained al a level equivalent lo between three and Six months expenditur8. The Trustees consider that reserves at this level will ensure that, in the event of a Significant drop in funding. they will be abl8 lo continue the charity's current activities while consideration is given to ways in which addilional funds may be raised. This level of reserves has been maintained throughout th8 year. The unrestricted funds represent income received bul not yet utilised in supporting Charity actIv￿leS. At 31st December 2023 the charity held £49,966.5612022'. £34,306) at the bank and the Trustees consider this to be approprSate lo ￿loW them to reswnd prompuy to requ8sts for financial support. The Trustees have assessed the major risks lo which the charity is exposed arn1 are satisfied that the systems are in place to mitigate exposure lo the major risks. Team Tutsham's door is open to children from a variety of backgrounds predominantty aimed 21 provlding disadvantaged and vulnerable children with t￿ opportunity lo learn lo ride horses ané socialise with children of varying ages and backgrounds. We endeavour lo be available for all thildren who would Ilke to use our facilities. We believe that by Nv(wking with horses al Team Tutsham Charitable Trust. children get a great opportunity lo develop variety of skills such as: Working as a team Socialising with others Develop personal responsibility Growth in emotional wellbeir¥J Devebp an understanding of County lrfe Open themselves to further education wthin equine and 8gricultural course5 Become more independent There is a18rge footfall of people who visit Team Tutsham from parents and carers, to locd riding clubs and equestrian professtonals who hire the facilities for running shows and holding clinics. Team Tulsham has a fantastic reputation for ils idyllic s&tting and relaxed aimosphere which helps people from all backgrourKls rdax, feel safe and enjoy the environment. Structurè, governanc• and management The charity was set up by Maxine Buckby and was registered with effect from 1 July 2010. The tharity is administer8d in accordance with the terms of the governing documents. The trustees who seThed during the year and up to the date of signature of the fiDanGial staternents were: Mark Finch Maxine Buckby Victoria Palaky Zara Harrison Lorraine Floyd The Iruslees were those appointed on the establishment of the tfust and represent lh8 minimum number required. Appointment and removal is in accordance with the Trust Deed which requires that appoinlment is approved by unanimous agreement of the existing trustees and removal of any trustee by the unanimous agreement of the others. Trustees. repcrt was approved by the Board of Trustee Maxine Buckby Trustee Date.. 11- I- Zc)L ity Registration No. I 139644 Team Tutsham Charity Independent Examln•r'$ Report To The Trustees of Team Tutsham Charlty I report lo the trusteeg on my examination of the financial Slalemenls of Team Tutsham Charity (th8 charity) for the year ended 31 December 2023 Rasponsibilities and bas1$ of report As the Iruslees of the charily you are responslble for the p￿paratiOn of the finanaal statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act}. I report in respect of my examination of the charity's financial s18tements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5}Ib) of Ihe 2011 Act. Indgpondont oxamlnerf8 statement Your allenlion is drawn to the fact that the charity has prepared financlal statements in accordance wth Accounllng 2nd Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tho UK and Republic or Ireland IFRS 102) in preference to the Accounting and Reporting by Charities: Slatement of Recommen(led Practice issued on 1 Aprjl 2005 Wiiich is refe￿ed to in the extant regulations bul has now been withdrawn. l understand that this has been done in order for financial stalemenls to provide 8 true and fair vlew In accordantk with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. l Gonfirm that no matters hav& come to my attenti)n in conr￿li0n with the examinalion giving me cause lo believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act.. or 2 the financial statements do r￿t accwd with those records,. or 3 the financial statements do not comply with the applicable requirements concerning the fom and content rf accounts sel out in the Charities l Accounts and Reports) Regulations 2006 other than any reqU1￿ment that the accounts give a true and fair view which is not matter considered as part of an independent examination. I have no COr￿r￿S and have come across no othgr mattgrs in connection with the examination to which all8ntion should be drawn in this report in order to enable a proper understanding of the financial slalemenls to be reached. Date TaxAsslst Attounlanls IiJ?I iJu4 Chartered Accountants 714 London Road Aylesford ME20 6BL ajarity iic8is(ratiOll No. 1139644 Team Tutsham Charlty Statement of Flnanclal ActivitiOS Including Income and Expendituro For The Year Endèd 31 December 2023 2023 2022 Income and endowments from: Donations and legacies Charitable activities Other income Total income NotOS 39,263 9S,842 13,477 88,289 Ex enditure on: Charitable activitles 121285 100 257 Net incomel(expendilur81 for the yearl Net movement in funds 13,820 9,009 Fund balance at 1 January 2023 Fund balance at 31 December 2023 Tho statement of finanGial activities Include all galns and losses rKognises in the year. All income and expenditure dori￿ from contlnulng xtivities. Charity Rcgi$tr8tion No. 1139644 Team Tutsham Charity Slatement of Flnanclal Posltlon A8 at 31 December 2023 2023 2022 Notes FIXED ASSETS Tangible Assets 50,350 52.191 50,350 52,191 CURRENT ASSErs Cash at bank and in hand 34.306 NET CURRENT ASSETS (LIABILITIES) 49,967 34,306 TOTAL ASSETS LESS CURRENT LIABILrriES 100,317 86,497 NET ASSErs 100,317 86,497 Income fvnds 100.317 86,497 Unrestrlcted fund8 100,317 86,497 The financial stslemenls were approved by the of Truslees on Miss Maxine Buckby Trustee Dale Ch&ity Regithtion No. 1139644 Team Tutsham Charity Notes to the Financial Statements For The Year Ended 31 Do¢omber 2023 1. Accountlng Pollcles 1.1. Accountlng conventlon The financial statements have been prepared in accordance with the charity's governing document), the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and republic of Ir8land { FRS1021" (as amended for accounting periods commencing from 1 January 20161. The Charity is a publ Benefit Entity as defines by FRS102. The Charity has taken advantage of the provisions in thg SORP for charities apptying FRS 102 Update Bulletln 1 not to prepare a Statement of Cash Fk)ws. The flnancial statements have departed from Ihe Charilw (AGc4Junts and Reports} Regulations 2008 only to the extent required io provide a true and fair view. This departurg has involved following the Statement of RecommeThJed Practice for Charities apply FRS102 rather than the version of the Statement of Recommended Practice which is referred lo In the Regulats'ons but which ha$ since been withdrawn. The fina￿la1 statement5 are prepared in slerliro. wh￿h is the functional currency of the charity. Monetary amounts in these financial statements a￿ rounded to the nearest £. The financial statements have been prepared under historical cost convention, modified lo include the revaluatK)n of freehold properties and lo include inveslmenl properlies and tertain ffinancial instruments at fair value. The pri￿1paI accounting policies adopted are sel out below. 1.2. Charltablg funds Unrestricted funds available for use at the discrelbon of the trustees in furtherance of their charitable objectives unless the fund have been designated for other purposes. Restricted funds are subject to specrfic conditions by donors as lo how they may be used. The purposes and useg of the restricted funds are sel out in the notes to the financial slatements. Endowment funds are Subject lo specific conditions by donors that the capital must be maintained by the charty. Charity Registration No. 1139644 Team Tutsham Charlty Notoy to Ihe Financial Stat•monts Icontlnued) For The Year Ended 31 Do¢omber 2023 1.3. Incomln9 resources Ir￿me is recognised when the chanty is legally enlill8d lo it after any performance conditions have been mel, the amounts ¢an be measured reliably, and It Is probable that income will be received. Cash donations are recogni$ed on receipt. Other donations are reccgnlsed once the charity has been notrfied of the donation, unless performance ¢onditions required deferral of the amount. Income tax recoverable in relation to donations rgceived under Gift Aid or deeds of Govenanl is recognised at the Ilme of the donation. Legacies are recognised on ￿CeIpt or otherwise if the charity has been nolified of an impending distributions, the amount is known, and re￿ip1S is expected. If the amounts is not known. the legacy is treated as a contingent assets. Revenve is measured al the fair value of the consideration received or re￿1vable ané represents amounts receivable for goods and services provided in th8 normal course of business. nel of discounts, VAT and other sales related taxes. 1.4. Tanglble Flxed A55et5 and Deproclatlon Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimienl losses. Depreciation is provided al rates calculated lo write off Ihe cosl of the fixed assets. less theif estimated residual value. over th8ir expected useful lives on Ihe following bases.. Livestock Plant & Machinery Motor Vehides 10tsA on cost 200A on cosl 1.5. Impairrnent of nOn￿rrent assets At each reporting end date, the charity reviews the carrying amounts of its tangible asset5 to detemiine whether there Is any such indication that those assets have suffered an impairment loss. If 8ny such indication exists, the recoverable amount of the asset is estimated in order to detemiines the exlenl of the impairment k)ss (if any). Intangible assets with IndefIn￿e useful ITves and intangible assets not yet available for use are lesled for impaimienl annually, and whenever there is an ir.di¢ation that the assel may be impaired. 1.6. Cash and cash equlvalents Cash and cash equivalenls include cash in hand. deposits held al call ￿th banks. other short-lerm Ilquid Investments with original maturities of three months or less. and bank overdrafts. bank overdrafts are shown wlthin borrowings Sn current liabilitie5. Charity R¥¥istration No. 1139644 Team Tutsham Charlty Notes to the FSnanclal Statements {Gontinuedl For The Year Ended 31 Docomber 2023 1.7Flnanclal Inslruments The charity has elected to apply the provisions of SeclK)n 11 'Basic Financial Instruments. and Sect50￿ 12 '0ther Fina￿la1 Instruments issues. of FRS 102 to all of its financial instruments Fina￿la1 instruments are recognised in the charity's balance sheet when the charity becomes party to the ￿ntraCtual provislons of the instrument. Financlal assets and liabilities are offset, with the nel amounts presented in the financial slatemenls. when there is a Iggally enforceable right lo sel off the recognised amounts and there 15 an inleption lo settle on a net basis or to realise the assel and seltle the liability simultaneously. Baslc financial assets Basic financial assets, whtch include trade and other receivables and cash and bank balances, are inltialty measured at tfansaclion price in¢luding transaction costs and are subsequently carried al amortised c05t using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured al the present value of the fvlure receipts discounted at a market rate of interest. Financial assets classtfied as receivable within one year are not amortised. Basic finan¢ial IlabllSties Basic financial liabilities. including trade and other payables and bank loan are initially recognised at transaction prl¢e unless the arrangement constitutes a financing transaction. where the debt instruments is measured al the present value of th8 future payments discounted at a market rate interest. Financial liabilities classlfied as payable within one year are not amortised. Debt instruments are subsequenuy carried al amortised cost. using the effeGlive interest rate method. Trade payables are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as currenl liabilities if payment is due within one year or less. ff not, they presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised Gost using the effectwe interest method. Doro¢ognltlon of flnanclal Ilabllltles Financlal Ilablllties are derecognised when the charty's conlr*ual obligatlons expire or are discharged or cancelled. 2. Crltl¢al a¢¢ountlng estimates and judg•m•nts In the application of the charity's acGounting policies, the trustees are reqUI￿d to make judgements. estimates and assumptions about th8 carrying amount of assets and liabilities that are not readily apparent from other source. The estimates and associated assumptions are based on historical experience and other faclorg that are consi(lered to be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are review on an ongoing basis. Revisions to awountSng eslimales a recognised in the period in which the estimate ￿ revised Mthere the revision affects only Ihal period, or in the period of the revision and future periods where the revision affects both current and future periods. io awity R¢gistration No. 113Y644 Team Tulsham Charity Notes to the Finan¢ial Statgmonts (contlnued) FOT The Year Ended 31 December 2023 3. Tangiblé Assots LivèstQGk Plant & Motor Machinery Vehi¢1os Total Co As al 1 January 2023 Additions 49,550 47,622 2067 42,394 139,566 2.867 As al 31 December 2023 DgPfo¢lation As al 1 January 2023 Provlded durlng the perlod A8 at 31 December 2023 44,981 4.708 42,394 87,375 4,708 689 Book Value As at 310ecember2023 As at 1 January 2023 Included In Ilveslock are 40 ponies wh￿h are each valued betsveen £1,00041,500. 4. Donatlons and legacles Donations and legacies 2023 2022 Donation5 and gift S. Charltabl• actlvltles Fundralslng Tlmeshare Saddlg Club Income Incomo Total 2023 Total 2022 Sales within CharitatAe activities 6. Other income 2023 2022 KCC and LAC in¢ome Covid Grant MBC Grant Charity Rc8istrati¢M No. 1139644 Team Tutsham Charlty Notes to the Flnanelal Statements Icontlnued) For The Year Ended 31 December 2023 7. Charltable actlvttles 2023 2022 Activities undertaken directly Rent Motor & Travel Insurance 56,635 21,000 4,695 53,150 21,100 3,382 81,455 81,455 Share of support costs Share of governance's Costs 27,432 14,040 Analysis by fund Unrestricled fur)ds 8. Dexriptlon of charitablo aGtivities Equine a¢l1vl￿e$ 9. Trustee None of the trustees (or any persons connected with them) re¢eived any ￿MUneratIon or benefrts from the charity during the year. 10. Employoos There were no employees during the year. 11. Rolated party transadons There were no disclosable related party transactions during the year {2022- none)