c'liiirily IIL'Bigtrutiun N(). 113IJ(A4 TEAM TUTSHAM CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Th•Accour4Liniy Sér¥l(* lor Smdll
awity R¢gi3tratirn No. I1396M Team Tutsham Charlty Cont•nts Pag• Independent examinerfs report Statement of financial activities Statement of financial position Notes to the financial statements 12
Chgrily Re8iglralion No. 1139644 Team Tutsham Charfty Legal and Admlnlstratlve Infonnatlon Tru8t••8 Mark Flnch Maxine Buckby Victoria Pataky Zara Harrison Chloe Wood 1139644 Charlty number Prlnclpal address The Cottage Tutsham Farm West Farleigh Maidstone KENT ME15 ONE Accountants TaxAssist Accountants Chartered Accountants 714 London Road Aylesford ME20 6BL
Chariiy Resi¢rl10n Nii. I13lJf)44 Team Tutsham Charlty Trustees, Report For the year ended 31 D•cembor 2024 The ITUStees yesènt thelr report and fin(Incial stdtements for the year ended 31 December 2024 The ac£{nts have been prepared In accordance with the accounting policies set out in note 1 to the accounts and )mtAy with the charity's governing documenls, the Charities Act 2011 and the Statement of Recommended Practice, 'AcuMJnting and Reporting by Charities., issued in March 2005. ObJ•th•s and a¢tlvltlas S 8 Charity we aim to support young people from vulnerable backgrounds. That can include living in a care home, foster disadvantaged or abusive homes. These young people often present with mental health issues, ASD. ADHD or severe anxiety disorders. We also support young people physical disabilities. Our aim is help improve social skills, Kjependence, self esteem. empathy for others and help them see a clearer path for their futures. We do this using our hrses as therapy. They leam social skills. team working. responsibility as well as learning to care and ride the horses. In addition VIB assist knfjth college applications, work experience placements and job interviews. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity shcmjld undertake. Ach1•vmts and porf0rnn TIx5 year has teen one of grTh•rth, connlI0n. and celebration at Team Tutsham. From expanding our reach to forning new pththips. welcomlr¥J new animals. arwj gaining natial recognit1or2o24 has been one to remember. Grry•th & Loarnlng (r Academy started with just 4 young peOple now support 681 Aarde(l ASDAN Accredited Centre status, recognisirvj our highquality leamirth3 offer. Proudly listed on the KCC Local Offer, making our seThices easier to access. Launthed new Academy packages to suit all needs and budgets. Delivered ABRS+ Rosette Awards, recognising the prrwJress of our young riders. Apprenticeship partnership launched the National Racehorse College, opening new pathways for our young people. Anlmals & Ewrlences wekrned new ponles: Tommy, Black Jack. Jack, Tlzer. and Orbit. Introduced Valals Blacknose sheeOhaun. Timmy. Bo, a1 Peetrwhokn been a huge hit! r Pony ExperierKe Days vme fully booked and loved by all. Ho5 a fun and indusiv8 XC compets'tbon for our tirneshare riders P•bshIPS & Outroach Cdkborat8d wlth Free to B8 Kids to supp)rt rne vulnerablo children. Took young people to The Briiish Racing Sthool. NeWmaat. in partnership wtth Riding A Dream Academy. Bw a very spedal [labOratiOn viith Kent PolicOre to com8 in 20251 Supported our wider communty by hosiiry: Heart of Kent HosprA Ber8avement Group Sp&1 rfdlf¥J exp8rienGes for Kent Fostering Grwp r Saddle Club thlldren rThv receive fiJrNJed lurMw, thanks to new grant support. EnrAr<mm•nt & W•llb•lng Estsblished our Fore8t School and Nature Resep4e, u88d regularty by EnVir(m1 Groups. Attended Tr Blg mtal Health Conversation event with KCC, joined by our v40nderful ponies Taffy and Mouse. Delivwed CPD 81 the ABRS+ Nationd Conference and contributed to tor best prdctice Fundkng & Faclllll•• a £.¢)0 grant from the Pets Foundatkjn to launch and grow the Academy. Gain&J furKliNJ to Improve fadllti88. IrKludlng our brand8W classroom and office. Recrfod 8 kj'nd donailm frn Bellway Home8 to 8UPtM)rt our continued development. Prof•••knal D•v•lopnwnt •Two aff frbS b8gan thelr Equlne A88181 Servlce8 (EAS) tralnlng Gul Outdoor Therapy. .RwnlwJ ty The Edwtlon People Evolve, who added u8 to thelr approved provlder Ilst. •P86wJ <)w vet wdfare Infjpth from Mald8tMe Borough Coundl th fylTrJ (x)loursl d•knOng 20 Y•w• al T•wn Tul•h•m Thh yoar tbYQ do¢6 of Team Tuljhary2o year8 of hor888. hoallTrJ. and hope. We couldn't bo prouder of our joumey so far, nvxe •xcllod 81KxA vthaf6 next. If8 bw) 8 year of hard IartWarnIng pr(wJre88, and hug8 comfflunity SUPPOrt. Thank you to •vwy(¥ie who h96 helped make 2024 w spwial. Hwo'• to Ight 2026.
C"hllrily Rcgistrlltion No. I13()6M Team Tutsham Charlly Trustee'8 Report Icontlnued) For the year ended 31 December 2024 Flnanelal r•vl•w It is the policy of the Charity that unreslricted funds which have not been designated for a specific use should be maintained at 8 level equivalent to between three and six monlhs expenditure. The Trustees consider that reserves at this levd will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current acttviti8s while considépation Is given to ways in which additional funds may be raised. This level of reserves has been mainiained thn)ughout the year. The unrestTthd funds ffjpresent Income received but not yet utilised in supportinq Charity activities. At 31 st December 2024 the charity held £85,440 (2023: £49.966.56) at the bank and the Trustees consider this to be appropriate to allow them io resporKI promptly lo requests for financial support. Th8 Tnjstees have assessed the major risks to which the charity is exposed and are satisfied that the systems are in plac* to mitigate exposure to the major risks. Team Tutsham's door is open to children from a variety of backgrounds predominantly aimed at providing disadvantaged armd vulnerable children with the opportunity to learn to ride horses and socialise with children of varying ages and backwnds. We endeavour to be available for all children who would like to use our facilities. We believe that by working with horses at Team Tutsham Charitable Trust, children get a great opportunity to develop a variety of skills such as: Working as a team Socialising with others Develop personal responsibility Growth in emotional wellbeing Develop an understanding of Country lrfe Open themselves to further education within equine and agricultural courses Become more independent There is a large fooffall of people who visit Team Tulsham from parents and carers. to local riding clubs and equestrian ofessionals who hire the facilities for running shows and holding clinics. Team Tutsham has a fantastic reputation for its idyllic setting and relaxed atmosphere which helps people from all bgr(ndS relax, feel safe and enjoy the environment. Stnthrn, g0ManCe and management dwity was set up by Maxine Buckby and was registered with effect from 1 July 2010. The charity is administered in C(yda with the terms of the governing documents. The trustee8 who served during the year and up to the date of signature of the financial ststements were: MaJl( Finch Maxine Buck Victoria Pataky The tru6tees we th088 appoSnted on the establishment of the trust and represent the minimum number required. Apw'ntment and removal is In accordance with the Trust Deed which requires that appointment is approved by unan¥ncus aweement of the exlstlng trustees and removal of any trustee by the unanimous agreement of the others. T• TnJ8t¢••' report W86 8pwoved by the Board of Trustee Tru6ts8 Data:
Charity Rc8istrwli(m No. 1139644 Team Tutsham Charlty Independent Examlner's Report To The Trustees of Team Tutsham Charlty I rewt 10 Ihe trustees on my examlnatlon of the financial statements of Team Tutsham Charity (the charity) for the year erNJed 31 December 2024 R88ponslblllt108 and basls of rnport As the trustees of the charity you are responslble for the preparation of the financial statements in accordan with the requiremènts of the Charltles Act 2011 (the 2011 Act). I report in rnspèct of my examlnation of the charitys financial statements carried out under section 145 of the 2011 Act. In Cal'r0 out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(SMb) of the 2011 Act. Ind•p•ndont •xamln•rfs statement Ywr attention is drawn to the fact that the charity has prepared financral statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic or Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l urKlerstsnd that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have ¢x•mpleted my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to 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 financlal statements do not accord with those records,. or 3 the ftnandal statements do not comply with the applbcable requirements concerning the form and content rf accounts set out in the Charities ( Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a true and fair view whith is not matter considered as part of an independent examination. I have no cOnCerr and have come across no other matters in connection with the examination to which attention should be drawn In thls report In order to enable a proper understanding of the financial statements to be reached. Date 1518120Z5 714 LondM Road Ayl6th0 ME20 68L
Charity Registration No. I139(A4 Team Tutsham Charlty Statement of Flnanclal Actlvltle8 Includlng Income and Expendlture For Tho Year Ended 31 DeMber 2024 2024 2023 Notes Donations and legacies Cltable activities 11,167 157,206 39,263 95,842 Toial Incom• 135 105 LL Charltabl• actlvltlos 121285 N8t wNJ)mel(expenditure) for the yearl Net MOvent in funds 37.380 13.820 FurKI balance at 1 January 2024 Fund balance at 31 December 2024 100 317 Tho stthnant of financlal actlvltles Include all gains and losses recognises in the year. All Inconw and expendlture derlve from contlnulng actlvltles.
Charity Regijtralim No. 1139044 Team Tutsham Charlty Statement of Flnanclal P081tlon A8 al 31 Decembor 2024 2024 2023 Notej FIXED ASSETS Tangible Assets 52.257 50,350 52,257 50,350 CURRENT ASSETS Cash at bank and In hand 85.440 49,967 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSEfs LESS CURRENT LIABILITIES NEf ASSErs 85,440 49,967 137,697 100,317 137,697 100,317 Income funds 137.697 100,317 Unrestrlct•d funds 137,697 100.317 The financial statements were approved by the of Trustees on Miss Maxlne Buckby Trustee Date IS-e)8- 2OLS.
Charity Regiilrali()n N(). 113<)(A4 T•am Tutsham Charlty NoteA to tha Flnanclal Statem8nt8 For The Year Endad 31 December 2024 1. A¢eountlfta Polkl 1.1. A¢¢ountlng conv•ntlon The fiftanCl statements have been prepared in accordance with the charivs (goveming document), the Charities Act 2011 and "Accounling and Reporting by Charities: Statemenl of Recommended Practice applicable to charities epariNJ their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and republic of Ireland ( FRS102)' (as amended for accounting periods commencing from 1 January 2016). The Charity is a public B6nefft Entity as defines by FRS102. The Charity has taken advantsge of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to yepare a Statement of Cash Flows. financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practsce for Charities apply FRS102 rather than the version of the Statement of Recommended Practice which is refred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling. which is the functional ojrrency of the charity- Monetary amounts in these financial ststements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. modified to include the revaluation of freehold properties and to include investrnent properties and certain financial instruments at fair value. The principal acxounting policies adopted are set out below. 1.2. Charitable funds Unrestricted funds available for use at the discretion of the trustees in furtherance of their charitable objectives unless the fund have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ErKkMment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
Charity Registration No. 1139644 Team Tutsham Charlty Notes to the Flnanclal Statements (contlnued) For Tho Yoar Ended 31 December 2024 1.3. Ineomlng resources Income is rewnised when the charity Is legally entilled to it after any performance conditions have been met, the amwnts Can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipl. Other donations are recognised once the charity has been notified of the donation. unless perfornian¢e conditions required deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recx)gnised on receipt or otherwise rf the charity has been notffied of an impending distributions, the amnt is known, and receipts is expected. If the amounts is not known. the legacy is treated as a contingent assets. Revewe is measured at the fair value of the consideration received or receivable and represents amounts receivable for wods and ser4ices provided in the normal course of business. net of discounts. VAT and other sales related taxes. 1.& Tangible Flxed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value. er their expected useful lives on the following bases: Plant & Machinery Motor Vehides loo on cost 20% on cost 1.5. Impairment of non•current assets At each reporting end date. the charity reviews the ¢arryin9 amounts of its tangible assets to determine whether there is ary such indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determines the extent of the impairment loss (rf any). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impainnent annually. and whenever there is an indication that the asset may be impaired. 1.6. Cash and cash equivalents Cash and cash equNalents indude cash in hand, deposts held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. bank overdrafts are shown within borrowings in current liabilitbes.
Charity R¢gislrnlion No. I13Y(A4 Téam Tulsham Charlty Not•8 to the Flnanclal Stat•menl8 (contlnuod) For The Year Ended 31 December 2024 1.7Fln•nclal In•trum•nt8 The d)arity has elected to apply thè provlslons of Section 11 'Basic Financial Instruments. and Sections 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments instruments are recognised in the charlty's balance sheet when the charity becomes party to the contractual wovisions of Ihe instrument. Financi81 assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a leg81ty enfmable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset arKI settle the liability simultaneously. Bask financlal assets Bas firkqncial assets. which include trade and other receivables and cash and bank balances, are initially measured 8t transact price induding transaction costs and are subsequently carried at amortised cost using the effective est method unless the arrangement constitutes a financing transaction, where the transaction is measured at the Fxesent value of the fvture receipts discounted at a market rate of interest. Financial assets classrfied as receivable thin year a not amortised. Baslc financial Ilabilities Ba financial liabilities, including trade and other payables and bank loan are initially recognised at transaction price urdess arrangement constitutes a financing transaction, where the debt instruments is measured at the present v*e of the future payments discounted at a market rate interest. Financial liabilities classtfied as payable within one yew we not amortised. Debt instruments are subsequentiy carried at amortised cost, using the effective interest rate method. Traje payables are obligations to pay for goods or services that have been acquired in the ordinary course of owatK>ns from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If noL they presented as non-current liabilities. Trade payables are recognised initially at transaction price and subwuently measured at amortised cost using the effective interest method. Dwocognltlon of flnanclal Ilabilities FIrwla1 liabiltties are derecognised when the charity's contractual obligations expire or are discharged or cancelled. z crftlcal accountlng ostlmates and judgements tn the application of the charity's accounting policies. the trustees are required to make judgements. estimates and assumptKKbS ab(yJt the carying 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 factors that are considered to be relevwtt. A¢#ual results may diffef from these estimates. estimates atKI underlying assumptions are review on an ongoing basis. Revisions to accounting estimates are fecx)9nised in the pernd in which the estlmate is revised where the revision affects only that pericKI. or in the period of the revisi and future PerlS vthere the revision affects both current and future periods. iu
Charity Regiytration No. 1139644 Team Tut8ham Charlty Not•• to tho Flnanclal Statement8 (contlnued) For Tho Year Ended 31 December 2024 J. Tanglbl• A•s•ts Llvestock Plant & Motor Machlnery Vehicles Total Cost As 811 January 2024 Additions As 8131 December 2024 50,350 49,689 2.119 42,394 142,433 2,119 s at 1 January 2024 ProvKled during the period As al 31 December 2024 49.689 212 42.394 92,083 212 Nat Book Value As at 31 December 2024 As at 1 January 2024 lThJuded in livestock are 40 ponies which are each valued between £1.000-£1.500. Donatlons and legacies Donatlons and lagacles 2024 2023 Donthns arKI gift 5. Charftabla actlvltles Saddle dub is open to all children on Saturdays and the children progress to Timeshare. Fundralslng Tlmeshare Saddle Club Income Income Total 2024 Total 2023 Saes within Charitable activities 2024 2023 KCC LAC kKome 2,500 30,000 10.000 10,000 Colyw4wgu$son grant Chorty grant IMBC Grwrt
Charity Re8islrali(m No. I139()44 Team Tutsham Charlty Not•s to the Flnanclal Statements (contlnued) For Th• Y•ar Ended 31 December 2024 7. Charttabh actlvltl68 2024 2023 ArvIt Urertaken directly 46.212 70.112 21,100 13.948 56,635 Rent Motor & Travel Irwrar 21.000 4.695 157,559 89.145 Share of support costs Shwe of goVernan'S costs 32.722 212 27.432 Ansls by fund Unrestricted funds & D•scrfptlon of charitable actlvltles Equine activities 9. Tntsta• None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity ring the year. 10. Employoos Tlwe wwe 5 employees during the year. 11. Rd•d party tranSaon8 Thwe wwe Th) disdosable related party transactions during the year (2023- none)