ARY
The Mare and Foal Sanctuary
(A Company Limited by Guarantee)
Trustees, Report and Financial Statements
For the Year Ended 31 October 2020
Charty Numbèr- 1141831
Company Mumber: 07584914
*A498GXYO"
2W7r2021
COMPANIES HOUSE
Alo
#335

The Mare and Foal Sanctuary
Report and Financial Statements
Year Ended 31 October 2020
Contsnts
Page
Reference and Administrabve Oelails
Trustees, Re￿1
Ir￿ep8ndenl Auditorfs Report
16
Statement of Finarrial Activities
19
Balance Sheet
20
ststement of Cash Flow5
21
Notes to the FinanrAal Statements
22

The Mare and Foal Sanctuary
Reference and Administrative Details
Year Ended 31 Oclober 2020
The Marg and Foal Sanctuary is a registered charity and company limited by guarantee and doès not have
any share capiial.
Trustees
The Trustees of the Charity vA)o seNed during the year were..
Trustees:
Nigel Brown
James Fitzpatrick
Elizabeth Gaffer
Donna Hallett
Robert Lovell
Maureen Rolls
Susan Cockayne
Chair
(Appointed 1 November 20201
Prln¢lpal and
Regl$tered
Office:
HoneYSu￿e Fa
Haccombe V*ith Combe
Newion Abbot
Devon
TQ12 4SA
R•gist•red Charity No.
1141831
RegiStefed Company No. 07584914
Bank•rs:
Nalwest Bank pk
48 Courtenay Street
Ne￿on Abbot
TQ12 2EE
Audltors:
PKF Franus Clark
Sigma House
Oak Vw Close
Edgin5weM Park
TorqLtay
TQ2 7FF
Sollcitors
Boyce Hatton
Torquay
TQ1 1DE
W8W
Newton Abbot
TQ12 2QP
Invgslrnent manager:
Rathbone Brothws PIC
Southerhay Garden5
Exeter
EX1 1UG

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
Wel¢om¢ from our Chair and Chiel Executiv•
The Mare and Foal Sanctuary has come through 2019-20 in a more stable position than we thought possible
at limes during a challenging year when our Charitab￿ ath"wties and income generalK)n were severely
affected by the coronaviru5 pandemic.
We had a strong start to ￿r 2019-20 ygar. We brought in 15 youThJ cobs as part of a complex multi-agency
wellare intervention operation invofving a smal￿[ sanctuary which was failing to meet minimum welfare
standards. We ar8 increasingty seeing some of the smaller equine weware sanctuaries struggling with Ihe
effgcts of reduclions in income or stsff. and this was our second group intake from a failing sm811 $8ncluary
in recent months. We have a policy of taking in the SMal￿t and weakest equines, the ones that are often
the most difficult type lo reh0￿. an(J we know it wtll tske us more time to rehabilitate, train and eventually
rehome these equines. However, this meant that cwjr sanctuaries were above capacity when the coronavirus
pandemic first restrictions were introduce¢J.
Being an organisatton that responds well ￿ trtsis. we quickty rearranged the way that our san¢lLSary care
teams worked. splitting care teams inlo much smaller groups of stsff. ensuring staff could carry out their
duties at a ¢Jistance from other small groups of staff. All staff who could work from home did 50 immediatety.
We did our utmost to keep our sanctuary care staff safe and well. knowng that if even jtjst one ofour smaller
teams had lo isolate, thén it would be staff"fronrour funtlraising.-HR. e(lucalion_arid other central support
team5 who would have lo lake on horse care activiti8s. In line with the guidance. we stopped rehoming
activities and moved all our ban home checks to be virtual Checks. ¢reabng a list of priority visits lo equines
whose loan caffjrs had C￿Cem5 for when ￿$t￿"¢tiOnS eased.
We also experienced an immediate drop in income to virtually nothing. Concerned aboul cashflow, we look
advantage of the Govemmenys Coronavirus Job RetentK)n S¢heme arKI fudoughed staff initially from our
retsil teams and half our staff from ￿ntral support leams. As time went on. whilst we maintained staffing in
sanctuary care and welfare Out￿ach. we fudoughed more staff until there was only the Seniof Management
Team and a small core of staff from fundraising and communrAtions. 5UPPOrter services and the central
support teams at work.
We were able lo continue to offer Equine Assisted Leaming wtth our re¢ued equines lo a smaller nurnber of
parbcipanls and for many th&se were Ihe only aclivity they were able to do outside of the home during the
pandernic restrictKJns.
We created costed scenarios for the poinl at wthich drfficult deasions WOU￿ need to b8 mad8 to Slgnificantly
reduce the charity's adivities or even to wind down. We dKI have lo rnake five stsff posts redundant, le5S
than Svo of cmjr overall staff numbers. We took the diffirJJlt decision to sell our Soulh Manor site, one of our
smaller sanctuaries for equines with high suprx)rt needs. rebcaling these equines and staff to OUT Coombe
Park sit8. The income from this sale, along wrth our coronavirus special fundraising appeal and furlough
scheme grants brought in sufficient income, to enable us lo make it lo the end of the year wilhoul having lo
make any santhjary care or equine wellare outreach staff redLbndant and therefore not affect our delivery.
Instead. we reshaped our equine teams to strengthen Ihg specialisms on th8 yard and lo ofter better career
progression lo our sanctuary ¢are slaff and lo our Welfa￿ outreach and 8fJvice stsff. With the increasing
need lo be there forequines in the South West. 8fKI the oppcytunities to enhance more peop￿S. lives through
contactwith horses and ponies. we are as detemiined aseverto strengthen our resources and offering going
forward.
During this difficult year we're even more grateful for the dedication of our supporters and the commilmenl
of our stsff and volunleers. We hcpe you enjoy reading about the drfte￿nCe they have enabled us to make
over the past year.
Liz Gaffer
Chair of Trustees
Sarah J8ne Williamson
Chief Exec￿11¥e

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
1.0 Structure. Governance and Managernent
1.1 Legal status
The Mare and Foal SanctU8ry is a registered (Iiarity {number 11418311 aThJ a company limited by guarantee
{number 75849141.
1.2 Organlsatlonal structure
The Charity is managed through the followng a￿a&..
al Sanctuary Care teams deliver the care. rehabilitation. retraining and rehoming of horses and ponies
in sanctuary.
bl The Welfare Out￿8¢h and Adwce team delNers direcl support lo carers of equines on kjan from us and
in private ownership. They also edu￿te and adwse the public to rgduc¢ fulure well8￿ cases and improve
general equine knowledge.
cl The Education Team delivers amemalrve education and training for children, young people. families and
aduts through equine assisted leaming, therapeutic riding and outdoor leaming in nature with our
rescued horses and ponies. These progrnmmès havè developmental. social and therapeutic outcomes.
The Edvcalion Team also works with the Sanctuary Care and Welfare Outreach and Advice teams to
develop educational resources and evenls which improve general knowkdge in equine ¢are amongsl the
PLtblic and prevent luture weffare cases.
d) Income general￿n and commtsnThti￿s induding d￿ect fundraising and managernenl of our charity
shops.
e) Management and adminislratK•n including vohjnleering. HR. ICT. accounts 8nd maintenance of our
estate and landhold¥ws.
1.3 Policies adopt￿ for th• r•crnitiMnt. Inducllon and training of trnst•es
The exists'ng trustees have the kxjwer to appoint new trustees_ All new trustees are provided with Charity
Commission published guidance on the responsibilit￿S of being a trustee and a trvslee job description. They
are introduced to the Chartty and its aims by receiving a lourof the sile and meeting management, staff and
current trustees.
Training in the work of tru51ees is also made available befo￿ appointment and through a trustee induction
plan once appoinled. There is an active programme ol govemance developrnent for Iruslees.
1.4 Governance and management
The Iruslees meet at least bi-monthty and are in dose contact with the senior marsagement team. They
r￿e1ve regular updates arKI are able lo reSPL￿d accL)rdingty. These updales include-
Delivery ￿an perfonnance ￿PortS wlh KPIS and benchmath.ng data
Risk register report5 and focused reviews of speofi¢ a￿a$ of risk
Managemenl accounls with budgel variance reports and balance sheets
The Chief Executive's overview update of all key service areas an¢J developments.
The board delegates specific responsibilities and activities io the f￿r committees of the Board.. Equine
Committee, Finance, Investment and Audit Comrnittee. Rewards and Remuneration Committge and
Fundraising Committee.
.No major decisions or expentthture can be mad8 wiihoLrt consultation ￿th and approval of the Irustees.
Day lo day management is delegated to the Chief Executive who reports to the Board of Trustees bi-monthly
al meetings and at other times as required. There is regular. ￿l￿at)0ratIwe contact wth the Chair of the Board
of Trustee5.

The Mare and Foal Sanctuary
Trustees. Report
Year Ended 31 October 2020
1.5 Rlsk managèmont
The Trustees h8ve assessed Ihe major risks to which the charity is exposed, in particular those relating to
the operations and finances ofthe Charily and are satisf*d thal syslems are in place lo miligale our exposure
to the major risks. We have developed a risk management framework which identrfies and manages all
significant strategic and operational risk. A corporate risk register has been approved by Iruslees. Specific
risks are managed by the relevant Committees with str8legic risks m3naged by the Board as a whole.
1.6 Trust••s ind•mThity
In accordance with nomial commercial practice the charity has Purchased insurance lo protect Tnjstees from
clairns arising from negligent acts. errors or omissions occurriThJ whlst on charity busines5. The insurance
providès cover up to £1.000,000 on any one claim.
2.0 Obj•¢tivos and A¢tiviti
The Mare and Foal Sanctuary rescues hoTses and ponies that have been abandoned, neglected or abused.
Ve also erhsure thal horses and ponies have a sanctuary for lrfe. Most horses and ponies are given care for
life through our network of knowledgeable carers. Those horses and ponies wth MO￿ Complex needs are
C8red for in our peaceful sanctuaries.
Our charity was fourKled on the winaples that horses and ponies, as sentient beings and close companions
of humans over the centuries, have a value and a purpose. They deserve cwjr kindness and care. Our equine
eentred approach lo equine assisted leaming enables us to create a sense of sanctuary for people within
our sanetuary fof horses and ponies.
2.1 The charity'$ objediv¢$
1) To rescue and provide care for and prevent cruelty and sufferiThJ amongst horses and ponies that are w)
need of attention by r¢as¢)n ol si¢kn¢ss. maltsaknent or ill-usage. or other likg ¢auses. and to provide
temporary or pem)anent homes for such horses or ponies:
2) To advance the education of the public in matters relaknng to the weKare of horses and ponies and the
prevention of cruelty and suffering amunt horses and ponies..
3) To ￿lIeVe those children, young people and adutts in need lin par1Trculaf but not limited lo Ihose with
physical. mental. social or ernotional drfficulties or disadvantages} by provmling equine-assisted learning
ar￿ therapeut￿ acts'viltes. in order to enhan￿ their education and make their lives better through IbLrt not
limited tol appropriate provision of fau"ith"e5 for rKling. handliro or tA)ming into contsct h￿th horses and
ponies.
2.2 The charity's activities
The Mare and Foal Sanctuary has set the folk)wing Strateg￿ oty'eclives for 2019-2023 based on its most
recent ¢haritable activ￿"e5..
Objective 1: We kjve and value horses and ponies. As sentient beings. ihey deserve our kindness and
¢are. Unfortunately, there is Still a rheed to rescue. rehabilitate and rehome horses and ponies - and to
8dL￿ate people how to care for them.
ob￿ctiVe 2: We have lived eXperie￿e of how I￿Se$ have made a drfference to cmjr lives. We know how
to make a difference to other people's lives through horses.
Obie¢tive 3: CaTiThJ lor horses and ponies - arKI being wth them outside in nature - is good for OUT
heatth. hapF4ness and wellbeing too.
Objective 4- We value people 100. 8ul this is nol our main area of expertise. so we work in partnersh
wilh organisations who do have this expertise.

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
2.3 Public Benoftt
The Trustees have referred to the Charity Commisshm's general guidance on Fyublic benefit when reviewing
our aims and objeclives and in planning our future aclivities. In pariicular. the trustees consider how planned
activities will contribute lo Ihe aims and otiectives they have set.
2.4 Our values
Our values of kindness, cafe and knowledge embrace equines and humans together. We are experts in
rescuing. rehabilitsling and retraining horses and ponies through a needs-leil, behavI￿ra1 approach based
on current veterinary and equine soence$. We teach peoplè how to look after horses and ponies and lo
respect animals in general. We also do this through local awareness raising campaigns and by providing
advice. support and w8Ware education through programmed ath'vities and by phone and email.
We aim lo educate the general public. as well 8$ those involved directly with 8quines, thising own8rs and
Carers. but also educating those who may witribute inadvertentty towards the suffering. There are very few
cases of ¢Jeliberale cruelty. which is why the educalional and advice work is so important to share our
knowledge to pfevgnt Welfa￿ issues becoming a ￿$1$ c* a case for proseujtion.
3.0 Our Sanduary lor we$¢ued horses
We rescue, rehabilitate and retran horses and ponies v+ho have experienced neglect and abuse.
3.1 The need to provide sanctuary
At our Sanctuary. we lovo and value hors•s and ponles. As sentient belngs. they de$etrve our
kindness and care. Unfortunately. there is still a need to rescue. rehabilitste and rehome hors8s and ponies
- ond lo educate people about how to care for them.
Our rescue work is foojsed in the Souih West but as part of the National Equine welfa￿ Council we
cdlaborate locally and nationaly with the RSPCA and other equine Welfa￿ charities.
The number of horses and ponies requiring crisis inler¥enlion corbtinued to grow in this period. We look in
more groups of horses and ponies at once from difficult and complex rescue sttualions. These groups had
higher levels of need for swalist care ar￿ longer recovery kn"mes.
We work for 81 htyses and ponie5, but we have particular exper*nce in:
Managing and training feral, seM￿feral or unhandled horses and ponre$
Coping with horse5 and ponies that olhets cannot deal wth in lemis of behaviour. We give them
specialist recovery care and train them so that lh8y.re suitable for ban homes in the future
Care of mares in foal and orphaned or abarnknned foals
c￿aling a value for smaller. weaker. Fmiousty injured or ohjer ￿￿IneS through appropriate
recovery and training as companion5 orsuitable for aCt￿e life in agility. lead rein and ridd8n activities
Picking up the pieL*S vthen w)experienced peop￿ have inadvertenty gol into problems having
bought ponies thinking that they are easy lo care for because they are small. This can be the ¢as8
when ponies are kept by inexperienced owners privately al home as opposed lo at a managed livery
yard, whore excellent he¥) and is usualty available.
For many equings we are the end of the line. We are the last opti¢)n.

The Mare and Foal Sanctuary
Trustees. Report
Year Ended 31 October 2020
3.2 The support we provld•
Care for life is provided to hundred5 of horses and ponies ￿SCUed by The Mare and Foal Sanctuary.
We currently have five peacefvl sancluaries in Devon 8nd il is he￿ that our dedi¢aled staff provide expert
and specialist care for life to around 200 of Ihese horse5 and ponies whose needs mean that they cannot
easily be cared for elsewhere.
Our network of knowledgeable Sanctuary at Home carers helps us care for more than 400 horses and
ponie5. This vital s¢heme enab￿S space lo be created at our sanctuaries for more horses and poniès in
need, helps sustain our work to rescue other horses and ponies and enables us to connect more people
together who love and value horses and ponies as much as wg do.
3.3 Our impact in 2019-20
Highlyhts of our work to provide sanciuary to horses and p)nies in Ihis peri¢>J:
There were 19 equines requiring admission to our sanrtuary for weware intervention. This included 15
young cobs from the Whi8pering Willows horse saficluary which had failed to meet their welfare needs.
We saw a sTrynifi¢ant ￿￿¢tK)n in admissKins due lo the Coronavirus pandemic that affected the UK from
March 2020 onwards.-The restnctions m-eanl that-OUr"￿￿omlng scheme was hamed for-the duration of_
the national lockdowns- a vital scheme wh¢h Creates spa¢e at wr Sanctuaries for new admissions.
Our lolal admissions over all years reached 1,000 in 2020 with the arrival ol Teyah, one of th￿e foals
bom in the Spring into the safety of Ouf Sanctuary. Their dams had been part of a multi-agency rescue
from a smaller sanctuary known as North Devon Equine Rescue which had failed to meet their weKare
needs and arrived with us already in foal.
Al the end oflhis peT¢od. 196 horses were being cared for at our peaceful sancluaries across Devon, and
454 were on loan to carers through our San¢tuary at H￿)e scheme. 19 ￿)rSe$ and ponies were still
available for rehoming and 14 others reserved.
The microchipping of all equines became compulsory from 1 October 2020, including those equines born
before June 2009. which had previousty been excluded from mandatory microchipping in the Horse
Passport Regulations 2009. It was important for us to ¥nsure every equine in our care and in our
rehoming scheme had a mitt￿hIp and uw1aled equine passport aThY we were pleased lo complete this
In time for 654 equines.
We carried out signrfi¢ant expenditure for Ihe repair and renovation ol our yard and indoor arena at our
Coombe Park sanctuary, in order that we can relaunch our education and therapeubc programmes, our
range of educational events an¢J actNities for horselpy)y owners and can offer more educational
engagement sessions forthe kjcal equestrian community. It is hoped this work will be completod in early
2021.
We opened our new purpose*uilt moorland rescue facility in Yelverton. The new fa¢ility wilh land,
stabling and offices. nghl on the edgè of Dartm￿, albws the team lo specialise in the care and
rehabilitstion of semi-feral moorfand ponies. 11 has positivety changed the way we care for unhandled
pon￿S, providing Ihein with a safe environment lo express natural herd behaviour, including special crew
bams so they can lie d¢)wn together. We give special thanks to our generous donors including Heather
May North Trust, Jean Sainsbury Animal We￿a￿ Tnlst and Support Adoption for Pets for making this
project possible.
We helped the University of Brislol wth a new study inlo Sweet Itch, a me¢Jical condition in equines
causeij by an allergic response to the bites of midges. The study was funded by Tho Horse Trust and
we provided access to 20 ofour Sanctuary pOn￿S for a rK)n-invastve immunotherapy trial to help provide
dats for an initial estimate of the safety an¢J effeclr¥eness of or81 irnmunotherapy.

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 Oclober 2020
We introduced new behavioural assessments and training to deepen the skills and experience of our
Sanctuary care teams who deal %*ith feral. semi-feral and unhandled equines as well as orphaned
youngslock. 40 staff completed An Introduction lo Equine 8ehaviour and 41 completed How Horses
Learn. We have since develope(J two fvrther. more targ￿8d training ModU￿S on Usiro Shaping Plans
An Introduction lo Clder Training.
3.4 Our plans for 2020-21
Highlights of our planned work lo provide sanctuary to horses and ponies next year..
Cornplete the rekjcation of our South Ma￿r stsff. wnies. and equipment to a new high 5UPPOrt facility al
Coombe Park
Complete first survey of equine behaviour training wthin Ihe Sanctuary
Launch our Help to Home direct rehomiNJ project pik)L
4.0 A safe sanctuary for horse owners
We give nonjudgemental advice and no shame support to any horse or Frf)ny carer through our Welfare
Outreach and Advic$ team. but we are also ab￿ to step in and give formal adM¢e.
We know that there is not one right way of caring for equir*s. but we do have expert understandin9 of the
physical. psychological and soaal needs of horses and ponies and can educate Pe¢)p￿ in meeting these in
ways that are based on current veterinary and equine science. indudlng behavK)ural saence.
4.1 Our impa¢t In 2019-20
Highlights of our work to offer a safe Sa￿l￿ary for horse owners in this period..
There were 164 separate episodes of adv￿ resulting in positive weffare outcomes. This advice was
given face-tothface. by phone and by email.
We achieved a 19% increase in traffic to our website's advice pages {￿.mareandfoaI.o
thorse-
advice). During the year. we developed a new suite of advice resources including the care of your horse
during the coronavirus pandemic.
We introduced lone of voice. training and de-escaktion techniques lo enable our slaff to develop
relationships wilh owners where other more aggressive organisations have failed.
We established a Rescue Response Team made up of experienced staff who recetve ongoing training
and practice as speeialists in this area. in particular fw safely moving large groups of feral anij semi-leral
hwse5 and Pon￿5. This leam will be able to respond auoss the country lo assist as required and needed.
4.2 Our plans for 2020-21
Highlights of our planned work lo offer a safe sanctuary horse owner5 next year.
We are in the process of launching a ncm judgemental. no-shame he1￿ine so owners across tho
country can call for advice. This is something we have a￿ayS done bul up till now not publicised the
fact. We are also looking lo achieve acuedital￿ for this helpline once the ￿101 phase has beerb
completed.
Establish our Welfa￿ ¢yJtreach to smaller sanctuaries ty our weffare advisors lo prevent issues
bgcoming a crisis
Idenlrfy. align and disseminate appmpriale national campaign infomatK*n

The Mare and Foal Sanctuary
Twstees. Report
Year Ended 31 October 2020
5.0 A safe $an¢tuary for children. young people. families and adults
We provide attemative education and Iraining through Equine Assisted Leaming. therapeutic riding and
outdoor leaming in nature with our ￿sCUed h(Kses and ponies.
Our programm8s arè designed lo meet the physical. psych(*)gic81, social and Spiritual needs of childran,
young people. families and adults. We do this through an ir)dusi¥e, phased approad) which is person-
¢entred, developmental, experientsal and oulcome base(J.
We create a sense of sanctuary for people ￿thin our sanciuary f￿ rescue¢J horses and ponies.
5.1 Our equlne ¢entr*d approach to Equine Assisted Leaming
Equine weffare is al the heart of everything we do. We primarily deliver our Equine Assisted Leaming
programmes with
our
rescued horses
and wnies at our
beautiful 80•acre Equestrian and
Education Centre al Coornbe Park in Devon. This is also one of our larger sanctuarie5 lor horses in trainin9
for rehoming and will be our new base for our high support iacility for equines who have sanctuary for life.
The 12 resc#Jed horses and ponies which are part of our educatw)n team have been specially selected for
their"highly attuned,-people orientated"lemperaments-.-Participants"can-relate.to oUr.￿S0￿ed-horSeS.,.Stories-
ofovercoming trauma and their recovery and resilience. Their care is managed by a seniorequine specialist
who monitors the horse's needs and welfare during educalk)n sessions.
5.2 Supportlng transferrable llfe skills
Our specialist multidisaplinary team of educators deliver Equine Assisted LeamirKJ and therapeutic
activib'es outdoors in nature with rescued horses. These aCtivit￿S support the deveklpment of Iransferrable
life skills for people including..
increased seff-conffidence
positive attachment and relationships
deeper empathy and reduced conflict
improved emotional management skills
improved Communicat￿ ski115
in¢reased resilience
ar sense of responstslity and
a genuine sense of personal achievemenl and meaninglul contribution.
Our relationship wilh ￿scued horses ponies becomes in￿8$1n91Y re¢￿)roc81 and comp8ssionale. We
undersland ourselves better and express n￿re of our Uniq￿ nature as individuals.
5.3 Our Impact In 2019-20
Highlights of our work lo prowde a safe sanctuary for children. young people. families and adults through
Equine Assisted Leaming in this periiyJ-
In our pilot year12018-191 we reached 632 parbcipants aThJ atiendees wthich was a strong start. This
included 125 sessions for benèlitting from equinè assisted leaming. experiencing nature and
outdoor learning or part￿iPatIng in wellbeing courses. In this period however. our reach was significanlly
reduced to five participants over 80 sessions because of the corcmavirus pandemic.

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
We continued to collaborate with sthools and colleges to develop and delwer bespoke courses and
activities onsite where coronavirus pandemic restr1d1￿$ allowed. and all whilst Carrying out major
renovation of facilities at CLyJmbe Park.
We created infomalion brochu￿$ about our educatiry) and therapy offer- the first aimed at professionals
working in sehools. colle9es and academies and the secoTrJ aimed al commissioners aThJ providers of
services in the heatth and social care sector.
We created online resources during the coronavirus pandemic to provide OLtr regular pafb"cipants
access to wr equine assisted leaming programme. This included the creation of 20 acts"vilies for Childrerb
and young people and we achieved 491 unique page vipws of this witenl.
We became the first equine weware tharity to join Horses in Education and Therapy Inlem8tional IHETII
as a Federation member in Febrnary 2019 and we continued to develop our relationships within this
professional network throughout the perwjd.
We joined VOYC- Devon Ivoluntary Organisations for Young People and child￿nI which is a specialist
Infrastructu￿ network for voluntary and community sector groups working children and young people
that provides a range of safeguarding SLlPPOrt and child prote¢tK)n training.
5.4 Our plans for 2020-21
Highlphts of cHJr planned work to provKle a safe sanctyary for children. young people. families and adults
through Equine Assisted Leaming next year.
We wll scale up our actrvities partnerships wrth schools. c(Aleges and academies, as well as health
and social care seryices.
We wll be hosling Ihe Autumn HETI Forum (UK) in November 2020 whith will be attended by
international members and ExecutNe members ol the HETI Committee as ils first UK online forum.
Contribute to the evKlence base for the benefits of equine facilitated interventions through research
.collaboralions.
Deliver equine assisted wellbeing days for fronuine key workers from heatth and social care
Deliver a Series of nature based. ould￿r JeamirMJ events for famlies with our rescued horses and ponies
6.0 Sanctuary lor life, thanks to our supporters
We rety entirely on donab.ons and legacy gffts to carry out our work and we a￿ indebted lo the individuals.
¢Nganisations and companies for he￿Ir￿3 to suslain abitity to offer sanctuary for horses and ponies.
6.1 Our work to ralse awareness and in¢ome
Throughout the year, w8 maintained our programm8 of fvndraising and digital communications and
emphasised the impact of the donalKJns and gffts we receNed through our newsletters, online conlenl and
virtual gvents.
Our donors and some trusts and foundations demonstrated great 98n8rosity when.responding lo our special
appeal that explained how we had been impaded by the coronavirus pandem￿ - helping to raise £290,000
at a time when our in¢offle plummeted when chanty Shops iniiialty dosed. We are thankful to have been
supported throughout the year.
We had been preparing for a series of open days at all ol our Sanctuaries across Devon to allow our
supporters, volunteers and local communities lo discover our special places and connect with the horses
and ponies in our ca￿. However. because of the coronavirus pandemic, we had to shift our focus lo online
events and we hosted a series of virtual wffee momings whith were altended by a good number of our
supporters.

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
Putting our dorbors and supwter5 al the heart ol our charity t5 imp)rtanl to us. We renewed and upgraded
our database SO￿are lo ensure we're using Ihe most up-104Jate system to protect and manage our
supporters. personal infofrnalpjn and communication preferen￿s.
We began a project lo update our brandirvJ to rellecl Ihe breadth of our work which has expanded
considerably in recent years. We teamed up with an expèrienced brand agen¢y who can help us develop on
inS￿ring brand thal=
Creates visibilty and transparency around what we do
Captures the speaal nature of equines and the impact they can have on humans
Inspires our supporter5
Raises vital income
Sets us apart from others
This branding work hès been Infom￿ by a suNey of which 750h of respondents were financial supporters.
Our new brand wll ¢ome into effect in Spring 2021 wll not disnJpt any of our charitable aclivilies. We'll
keep costs to a minimum as we'll onty updale our communications or replace signs and uniform when we
need to.
6.2 Our fundraising pra¢ti¢*s
The majority of fundraising income is generated from individual donors. Our direct markelin9 includes
sending fundraising appea15, infomiats.ve newsletters arKI an annu81 cA￿ndar. This work is led and
undertaken by our Fundraising team. The production and fuifilmenl of these mailings is supported by a
conlra¢ted third party. wth whom we manage and regulaty monitor the work undertaken. Each mailing
enables us lo demonstrate ourwork and Ihe impacl rt has on the horses and ponies we r8scue, and provides
a ￿sponSe mechanism for the donor. induding 09t￿n$ to donate and update th&ir communication
preferencgs. contsining Clear inslrud40ns on how to be renmwed from our mailing lists.
Each year. we also undertake an annual survey to obtain our supporterfs feedback on the frequency of
communications and en$￿￿ thal we are meeting their expectatK)ns. In 2020. our survey suggested 91Yo of
our supporters felt the Sanctuary's contacl throughoul the year was 'about right. and 96Y• of responders
'definilety' or'probabty would, continue supportin9 us into tr￿ next year.
In addition to direct marketing, fundraising team engages in dHJital fundraising. sending infomalive news
updates and fundraising appeals by email (where donors have opted in lo ￿ceIve marketing by emaill,
organises events. runs our adoption scheme. support5 (undrai8ers in the community and SoUr￿S grant
funding.
There have been 14 eomplainls about fundraising activities this year. We are committed to delivering Ihe
best level of service at all tr.rnes lo everyone engages wth our ¢harity including beneficiaries. supporters
and the community. We have a Complaints Policy and procedure in pla¢e and a designated Complaints
Coordinator. In the event of a Com￿al￿t. it 15 our promise lo..
provide a responsive and limety SeThi￿ lo the complainant
Ireal all compkints seriously and invesb'gate them thoroughly
resofve compkgints prompuy
be open and hongst in our dealings Ihe complainant
leam from complaints and take action to im[￿0Ve wr service
10

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
The Mare and Foal Sanctuary is registered wth the Fundraising Regulator and abides by the Code of
Fundr8ising Practice. Fundraising slaff attend regulartraining and conferences to ensure that they up lo dale
with the Code. All our fundraising guidance and working practices are roultnely reviewed and updated
accordingty.
7.0 Imp•¢t of the ¢oronaviTus pandemlc
This report has already mentioned some ways in wlmch the coronaviws pander￿￿ has impacted our
operalional areas.
Paramount to how we responded to this crisis was ensuring the health and wellbeiThJ of our staff. volunteers
and supporters. because wtthout them we can't provide expert care to the horses and ptsnies in our care.
Some staff had lo travel to work to provide daily care to our equines crf to pr￿e$S donations. These staff
worked in smaller teams and followed COVID 19-secure guidelines. Others worked from home where it was
possible, and some were temporarity lurfoughed through the Govemment's job relenlion schèmè, particularty
those who run our charity shops which had to close during all the nab.onal lo¢kdowns.
At the height of the CorC4￿VIruS pandem￿. 53% of Stsff were temporarity fvrtoughed and the Senior
Management Team met on a daily basis to discuss an¢J adapt operation5. A weekly webinar was hosted t)y
tho Chief Executive every w￿k for staff and volunteers. both those at WOTk and those who were fvrlou9h$d.
to stay in touch as the crisis unfolded.
l of our Sa￿tuaneS were al fvll capacty tlwoughwt this pandemic due lo the multi-agency rescues we'd
undertaken the year prior and not being a￿e to rehome horses and ponies as we usually would. This
resulted in us not being able to accept any new admissions and we will be unable to do $0 until we reduce
our numbers in Sancluary when the coronavirus pandemic restrictions are fulty lifted.
We continued lo wethme eXPre￿On5 of Intere￿ from anyone interested in rehoming and we continued to
provide athce. 5UPPOrt and routine visits to cmjr existing and potenbal Sanctuary at Home carers virtualty.
In the early stages and at a time wheie our charity shops had to be tsmporarily closed ovemight, we
8X￿rIenCed cyjr income drop by as much as 90%.
We responded Ufgenlty. adjusted our fijndraising plans and crealecj a proposal to manage our cashflow
which was supported by the Trustees.
We also had to reshape the tharity lo ￿rna1n sustainable into Ihe fubjre. We made the difficult decision to
sell our South Manor sanctuary and put our energEs into our four ￿maInIng, larger sanctuaries. This
reshaping also invofved some central support posts being made redundant. However. this represented fewer
than 50A of the overall workforce at The Mare and Foal Sanctuary-
Last. but certainly not least, our Incredib￿ team of over 130 ¥dun￿eT5 wTrKJ normally gNe their time so
generously lo the Sanctuary had lo be slocx1 down during the (a)ronavinJs pandemic_ A greal deal of OLsr
v￿￿nt￿er$ help support our six tharty shops in DO￿. We arg h)oking forward to welcome them back next
year.
8.0 Our devot8d $taff
We had 131 employees working at The Mare and Foal Sanctuary al the end of this period. Th?ir dedicalion
to the cause and the skills and experience they bring to their roles is the reason Iht5 yearfs report reads so
positivety, despite Ihe challenges of the coronavirus pandemic.
We carry out an anNal stsff survey lo conslantty monitor and evaluate how we can support and develop our
workforce. We were pleased that 96% understsntj our miSs￿n and goals. and 97% understand how their
role contributes to the 5u¢cess of the charity.

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
Annual appraisals and professKJnal devebpment plans are completed for all staff and we're de1￿hted to
have accreditation from Investors in Peop￿ since 2016. We also run a staff-led annual awards scheme to
recognise those who demonstraie our values of kindness. ca￿ and knOw￿dge in Ih6ir daily work.
We commenced formal recruitment in September 2020 to r￿d new professional volunteers to join the board
of trustees.
9.0 A su$talnablÈ san¢tuary
The charity is developin9 a 25-year rolling Sustainability plan for exemplary equine welfare and site
management which promotes nature ¢￿serVatiOn and preseThes resources. We are beginning to
experiment with allowing our hedges to grow hNJher lo provide natural shelter for horses, retuming our
grazing to Iraditional hay meadows. which are grnzed for part of the year and which will continue to give us
out own hay crop whilst promots.ng biodiversity an¢Y habilal resloralion. We are also ky)king at how we can
Combine the need for more inten5Ne grazing as the numbers of horses in sancluary grow5 wr(h more holistic
approaches lo grazing and lan¢J management. We a￿ consKJering how we can move lo sustainable energy
sources and we will be reviewing our approach to the types of Yeh￿eS we use for weKaTe ackn"vilies.
10. Our ¢¢mrnltmènt to equality, d6verslty and Inclusion
We have identified the need to develop an Equality, Diversity and Incluston Policy and A¢iion Plan. The
trustees ￿cOgnise that the Board is more effective if it includes a variety of perspectives, experiences and
skills. We also recognise that often people from groups which identify with the protected characleri51ics of
the Equalities Act 2010. as well as people from lower socio-economic backgrounds, are those who also have
had less a¢¢ess hi%l¢ri¢ally to invofvemenl wilh horses arKI ponies. outdoor leaming and nalure-based
activities. The Mare and Foal Sanctuary is ideally located to offer opportunities for people from the Torbay
and Plymouth coastal conurbations. whth have higher 1gvg1s of economic deprivation, to a￿￿$S horses,
ponies and nature-based activ￿8$.
11. Our Flnan¢lal R•v••w
The charity is heawly reliant upon donations frorn its supporters. Donation and grfts of £2,174.465 {2019
£2.269.8161 were received in the year. this pays for the day to day sheller and food for the equines in our
care and other ¢h*itsble expenditure. We 8lso receNed £1,687.14712019 £2.097,4091 of legacies during
the year which makes a hL￿e difference. Over'recent years it has been this legacy and regular donalion
income that has allowed the thaiity to increase its ¢apacAty and dNers"fy its use of the sttes il owns. We are
extremety grateful lo all ol our loyal supwters who Share our values and goals.
Uncertainty over income relating to the Pandem￿ lead to tsghtened financial controls, more Finance and
Investment Committee meetings, and close monitoring over both income and expenditure during the year.
Our fundraisirvJ schedule was revised and non essential expenditure was delayed. 11 soon became apparent
that our 5LlPPOrter loyalty was resulting in strong perfornian￿ of income from both individual donors and
trusts. Overall results for donations showed a fall of 4% on pr￿r year incorne but a 4% increased against
budgeted income. Legacy income fell by over 20Ytr on the previous year but this was 10Vo above budget. We
believg it to be predominantly a b.ming drtIe￿nCe arising from the chanye in operat￿)n$ within solicitors
practices and delays in the granb.ng of probate_ Th￿ is supported by the strong performance of legacy income
in the first 5 months of 2020121 financial year_ Our charity shop trading was most slrongty affected by lh8
pandemic with shop dosures for 4 months followed by slower than budgeted perfomiance in the remainder
of the financial year. This restllted in a fall in income 0124% from the previous year and 53Qh fall against
budgel. A signifscant proportK)n of this bst income was mitKJated by government grants and furlough Claims
as well as close control ol expenditure.
Total expenditure of £5.103.911 {2019 £4.582.176} was incurred during the year. we regularly review our
expenditu￿ lo ensure we get Ihe besl value wssible. The deficit for the year was £425,89012019 surplus
£521.3751
12

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
Overall expenditure in the year was up on the prior year by £522k 11%. This in¢￿a$8 predominantty relates
to expendrture on Coombe Park Development of£523k and increase overall wages Costs of £223k. Coombe
Park Devebpment is a large project spanning 2019120 and 2020121 periods. covering essential remedial
work to our sile. Wages costs rose in financial year because ol April 2019 payrises, lower than usual ￿velS
of sickness during the pandemic, redundancy payment and increased number of staff. All other costs were
closely contrdled and nv)sl were I￿r than the previous financial year.
11.1 Key Risks and Uncertainties
Sp￿lfIC Key risks..
Loss of key staff - Over the past trmo years the sanctuary has experienced significant changes in its
organisalional arrangements including changes lo key staff. These changes resulted in uncertainty for all
staff and an increased risk ol the loss of key personnel. We have invested in our recruitment and retention
activity incfuding a sakry rewew. improved performance management processes and reviews of salisfa¢tion
through our staff survey. This has resulted in a lower turnover of stsff. particularfy of those al management
level, ensijring the stability of the charity during the signrficant change5. We have also addressed staff
development and en9agemenl at all levels of the OTganisation. which has also contributed lo staff retention.
Fall in donor income and retained reserves- Economic conditions and in￿eased competilion for donations
and voluntary support wll potentialty ￿duce income below the levels required to continue lo provrde our core
services. We are also carrying Olrt signrfunt development activity which initially will result in costs being
hyher than income streams. We are carrying out comprehenswe efficiency reviews of all areas of the
sancluary and are invesling in our fundraising and income generaliro team to ensure k)ng tem resili8nce.
We have also dovok)ped plans for how the charity could operate in diffgront income seenarios.
Safeguarding - Inadequate application of policy. procedures. training and awareness could present a
safeguarding risk lo staff. volunteer5, SUPPOrters and beneficiaries. We have appointed a team of trained
staff to lead on safeguarding. They have ensured all staff receive adequate training and regular training
updates. Awareness raising activities have been carried oul throughoLrt the sancluary and we consider our
policies and procedures to be fully embedded. We a￿ ath.vety involved wth local ne￿orf($ for education
and care provKlers and tske part wi athJrtK)nal safewarding training opportunities.
Supplier dependeney- We have a number of key suppliers principally supporting our fundraising activity. It
has been some time since the tgnderiro processes for these services was undertaken and Ihere is a risk
that the reLationship could become too comfortable. We have started to more actively performance manage
these key supplier relationships to ensure value for money and high quality levels of service. We continue
to undertake regular review of our procurement Pr￿Sses. indLtding tendering for major service contracts.
Data govemance- Failureto maintain up-l￿date dala protection and Informal￿n goveman¢e arrangements.
line with legislative, regulatory and contractual requirements. may re5utt in a rnishandling of data. We have
a data protects'on officer and have undertaken a review of data we hdd. tyJr storage procedures and have
implemented a data handling poly.
11.2 Our Reserves Poli¢y
The trustees consider the need to deliver our core services and to hold SLrffictenl reserves lo ensure
sustainability in the light of uncertsin and flucluating incmie streams and cashfl¢)ws.
11 is the policy of the charity to maintsin unrestricted furKls, whth are the free reserve5 of the charity, al a
level which equates to approximatety nine months budgeted expenditure (excluding retail expendilurel this
being around £3,750.000. In arrNing al the.free reserNes" amount the Trustees take the view the designated
development fund and the designated propety fund are not fro0 reserves. These fvnds are lii)ked to the
chaiity's r￿ed assets at the start of Ihe year and capilal prtsJramme for the year and the realisation of these
funds would requi￿ disposal of propety, la)d and olher assets which wuld be time consuming.
13

The Mare and Foal Sanctuary
Trustees, Report
Year Ended 31 October 2020
The trustees believe that this wll provKle sufficient free reserves to wver any unforeseen cwcumstanc8s that
may arise and the Charity has ￿taIned in excess of this fNJure at 31 October 2020.
The designated property fund for the group ended the year with a balance of £7.320.927. This reserve is to
reflect the ftjnds lied up in capitsl inveslrnenls in farms and assocraled equipment.
The designed charity development fu￿1 has de￿aSed to £578.450. This reflects the capital expenditure
and repair and rectification work at Coombe Park planned for 2020121.
11.3 Our Investment Policy
The Tru5tee5 have the power to administer and manage the assets of Ihe charity. They have delegated the
preparation ol advice on the invested parts of these assets to an investmenl subcommittee comprising of
Iwo TNslees. the Director of Finance and the Chief Executive.
The Sanctuary appointed Ralhbones to act on their behaff lo profes$h￿allY rnaT￿ge alkjcated funds on a
discrelionary basis and have enlered into a formal written agreement with them. The sum invested with
Rathbones has increased and r￿W stand5 at around £3 million. This amounl will be reviewed bi-annually by
the Finance, Investrr*nt and Audit Commrttee.
The Charity has highlighte(J to its fvnd managerthat investment decisw)ns mtlst be made %wlh an awareness
ol the Chariws sensitmty lo animal lesling and animal relaled issues Ithich may cause pain or suffering.
The fund manager ffleels al least yeady with the charily's Finance. Investment and Audil Committee. when
the amount invesled and the stated invesiment objective will be reviewed.
The investment objective is to reduce the level of finan￿ investsnents of the period of our corporate strategy
2019-2023_ In the meantime. we should attempt to preserve Ihe invested sum through a balanced and
diversified investment k)Ortfolio adopting a mediLJmllow llsk approach. We are developing a programme
related investment approach. As we transition between the 8pproaches the amount invested in Ihis portfolio
as a percentage of iotal available funds should not be limited but will be kept under review.
12 Trustees, Responsibilities SL￿$Mont
The Trustees a￿ responsible for preparing the Truslee5' report and the financial stslements in accordance
with applicable law and United Kingdom Accounting Standards Iunitgd lQngdom Generally k¢epted
Accounting Practice}.
The law app1￿¥ble to eharities in EnglarKI & Wales requires the T￿￿leeS to prepare financjal slatements for
each f>nan¢ial year which give a true and fair wew of the stsle of a(fair5 of the charity and of the incoming
resources and applicab.on of resources Ollhe charity for that period. In preparing these financial statements.
the Truste8s are rgquir8d to..
Select suiiable accounbng pOr￿leS arKI then appty them ￿SISten￿.
ObseThe the metht%J5 and prirKipbs in the Charities SORP.,
Make judgm8nts and esbmates th* are reasonable and prudent.,
Slate whether applicable UK Accounling Stsndards have been followed. subject lo any material
departures disclosed aThJ explain￿ in Ihe finan¢ial slatements:
Prepare the financial s141emenls on the going concem basis unless il is inappropriate lo presume that
the charity will continue in OFerabon.
The Trustees are responsible for keeping acctyjnting records that disdose ￿th reasonable a¢oura¢y al any
lime the financial position of the charity and enable them to ensure that the financial statements comply with
the Charities A¢1 1993, the Charily {Accounts and Reports) Regulations 2008 and the provisions of the trust
deed. They are also responsitAe for safeguarding the assets of the charity and hence for taking reasonable
$1gps for th& preVent￿n and d8te¢ti¢)n of fraud and other wreguk8rities.
14

The Mare and Foal Sanctuary
Trustees. Report
Year Ended 31 October 2020
The Trustees are responsible for the maintenance integrity of the charity and financial information
ineluded on the charity's websrte. Legislation in the United Kingdom goveming the preparation and
disseminat￿}n ol financial statements may diffef from legislation in other jurisdith"ons.
This rew)rt was approved by the Trustees on and 5vJned on their behalf by..
Elizabeth Gaffer
Chair of Trustees
15

The Mare and Foal Sanctuary
Independent Auditorfs Report to the Members of The Mare and Foal Sanctuary
Year Ended 31 October 2020
Oplnlon
We have audited the financial slalemen15 of Mare and Foal Sancluary Ithe'charity'l and ils 5ub5idiaries
(the 'Group'} for the year ended 31 October 2020, whKh comprise the Consolidated Slalement of
Financial ActivitEs incorporatiThJ Income and Expenditure Account. Consolidated Ball8nce Sheet,
Balance Sheet, Consolidatwj Ststement of Cash Flows and Notes to the Financial Ststements,
including a summary of signif￿ant accounting policies. The financial reporting framework that has been
applied in Iheir PreParat￿n applicable law and United lfjngdom Accounting Siandards including FRS
102 'The Financial Reporbng Standard applicable in the UK and Republic of Ireland. {Uniled Kingdom
Generally Accepted Accounting Practi￿1.
In OUT opinion the finanaal statements..
give a true and fair view of the state of affairs of the Group and the Charity as al 31 October 2020
and of the Group's resuts for the year then ended:
have been properly prepaied in accordance with United lfjngdom Ge￿rallY Accepted A¢¢ounting
Practice.. and
have been prepared in accordance wrth the requirements of the Cornpan￿ Act 2006.
Basis for opinlon
.We_conducted_our audit in accordan¢8 wth Internal￿n81 Standards on Auditi"ng (UK) (ISAS {UKI} and
applicable law. Our ￿SponSibl11t1eS under those stsndard5 are- further-described-in-the. Auditor's-
responsibilities for the audit of thg finanaal stalements sectKJn of our report. Wp are independent of Ihe
Group in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Slandard. and we have fulfilled our other ethical
responsibilities in a¢¢ordan¢e wlh these requirernen15. We believe that ttie audit evidence we have
obtained is sufficient and apwopriate to provKJe a for our opin￿n.
Conclusion$ relating to going con¢ern
W& have nothing to report in respect of the folk>wing malters in re￿tion to which ihe ISAS IUKI require
us lo report to you where-
the Truslees use of the going ¢on¢em basi5 of accounting in the p￿parat￿)n of the financial
statements is not appropriate.. or
the Truslees have not disclosed in the finanoal statements any identified material uncertaint*s that
ay cast significant doubt about the Group's ability to continue lo adopt the going con¢em basis of
accounting for a period of at least ts¥elve months from the date when the finanaal ststements are
authorised for issue.
Other information
The Trustees are responsible forthe other informab"on. The other infomation comprises the information
included in the annual report. other than th8 finanaal statements and our auditorfs report thereon. Our
opinion on the financial statements does not cover the other information and. except to the extent
otherwise expliully staled in our report. we do not express any fcwm of assurance ccfrlusion thereon.
16

The Mare and Foal Sanctuary
Independent Auditor's Report to the Members of The Mare and Foal Sanctuary
Year Ended 31 October 2020
In connection with our audit oflhe financial statements. our reswnsibilty is lo read the other infomalion
and, in doing so. consider whether the other inforrnation is materially inconsistent 7Mth the financial
ststemenls or our knowledge obtained in the audit or otherwise appears to be rnalerially misstated. If
we id8ntfy such malerial inconsistencies or apparent material misstslements. we arg required to
determine whether there is a material misslalement in the financial stslemtrnts or a material
misststemenl of the other infom1al￿n. If. based on the work we have performed, we conckxle that thor8
Ss a material misslalement of this olh8r infomiation. we are required to report that fact.
We have nothing lo report in thi5 regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
Ihe information given in the Strategic Report and Twslees. Report for the financial year lor whKh the
rinancial statements are prepared is consislenl with the financial statements.. and
Ihe Strategic Report and Trustees. Report have been prepared in a¢ci>rdance wsth applicable legal
requwemenls.
Matters on which we are required to report by èxeèption
In the light of our knowledge and understanding of the Group arKI the Charity antl ils environrnenl
obtained in the course ofthe audit. we have not identified Material mi55talements in the Slratggic R8POrt
and the Trustees. Report.
We have r￿thing to rekx)rt in respect of the followng matters where the Companies Aet 2006 requires
us lo report to you rf. in our wnion..
adequate ae¢ounling re￿rdS have not been kept by the Charity. or relums adequate for our audit
have not been reeeived from branches not visited by us.. or
the financial statements are in agreement with the accounting records and retums- or
certain discbsures of Trustees remuneration specthed by kw are not made: or
we have not recerved all the infomiation and explanations we require lor our audit.
Responsibilities ol Trustees
As explained more fully in the Statement of Trustees. Responsibilities set out on page 11. the Trustees
are responsible for the preparation of the finanual slatements and for being satisfied that ihey gwe
true and fair view, and for such internal control 8s the Trustees detemiine is necessary to enable the
FKeparation of finanoal statements that are free from maierial mis51alemenl. whether due to fraud or
error.
In preparing the financial slalements, the Trustees are responsible for a55essing the Group's and Ihe
Ch8rity'$ 8bility lo continue as a going concem. disclosing. as applicable. matters related lo going
concern and using the going concem basis ol accounting unless the Trustees either intend to liquidat8
the Group or the Chanty or to Cease operations, or have no realiS￿C altemative but to do 50.
Auditorf$ responsibilities for the audit of the finan¢lal Statements
Our objectives are to obtsin reasonable assuran￿ aboul whether the finanek91 slalemenls as a whole
are free from mat$rial misstatement, whether due lo fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
audit conducted in accordance wilh ISAS (UK) will a￿ayS delect a material misstatement when il exists.
Misstatements can arise frorn fraud or error and a￿ considered material if. individually or in the
aggregate. they could reasonably be expected to influence the e￿nOmiC decis￿)n$ of users taken on
the basis of these financial statements.
17

The Mare and Foal Sanctuary
Ind8pend8nt Auditor's R8POrt to the Members of The Mare and Foal Sanctuary
Year Ended 31 October 2020
A further description of our re5ponsibililies for the audit of the fi￿ar￿la1 staternents is located on the Financial
Reporting Council's website at 4yww.frc.org.uk1auditorsresp￿siblIIt¢es. This descripbon fomis part of our
auditorfs report.
Us• ol our reptyt
This report is made solety lo the Charivs Member5. as a body. in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we mighl state to the Charity's
embers those matters we are required lo state to them in an auditor's report and for no other purpose. To
the fullest exlenl permitted by law. we do not accept or assurne responsibility to anyone other than the
Charity an¢J ils Members as a body. for our audit work. for this rewl. or for the opinions we have formed.
Sharon Austen FCCA {Senior Statutory Auditor)
PKF Francis Clark. Statutory Auditor
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF
18

The Mare and Foal Sanctuary
Statement of Financial Aclivities (Incorporating In(xJme & Expenditure Account)
Year Ended 31 October 2020
Total
Funds
2020
Total
Funds
2019
Note
Income
t)onations and legaci8S
Charrtable act￿ltIeS
Other trading activities
Investment income
4,192.803
15.699
373,615
59,735
4,367,225
15,074
487,220
68,926
Total Income
4,641,852
4.938,445
Expenditure
Raising funds
Charitsbk activities
1,362,767
3,741.144
1,564,668
3,017,508
Total Exp•ndlturg
5,103.911
4,582,176
Nèt {losses) I g8ins ￿ inveslments
36.169
165.1(
Net income
{425.890)
521.375
Net movement in funds
{425,890)
521,375
R¢con¢lliation of Funds
Total fund$ at 1 November 2019
12.975,240
12,453,865
Total funds at 31 October 2020
12.549.350
12,975,240
19

The Mare and Foal Sanctuary
Balance Sheet
31 October 2020
Note
2020
2019
Fixed ass•ts
Tangible ffixed a$sot$
Investments
7.328.506
3.031.641
7.396.813
2.974.997
12
10,360.147
10.371.810
Currènt a$stts
Stock
Debtors
Cash at bank and in hand
13
14
15
29.874
1,198.273
1,165,065
30,031
1,688,093
1.087.184
2,393,212
2.805.308
Llabilitl¢s
Creditors - Amounts falh'ng
due within one year
16
1178.418)
1201,878)
Net current assets
2,214,794
2.605.929
Creditor5 - Amounts falling
due within one year
17
(25,591)
Net assets
12.549.350
12.975.240
Fundèd by:
Reslricled funds
Designated funds
General funds
18
18
18
21,499
7,899,377
4,628,474
8.476.813
4.498.427
T¢)tal funds
18
12.549.350
12,975,240
The financial statements have been prepared in accordance with the special provisions of Part 15 of th8
Companies Act 21106. relating to small companE5.
11 AptLI 1011
This re[￿rt was approved by the Tnjstees on ...... .......
arsd signed on their behalf. by..
Elizabeth Gaffer
Chair ol Twstees
Company Registration Number.. 07584914
20

The Mare and Foal Sanctuary
Statement of Cash Flows
31 October 2020
2020
2019
Note
R•conclllation of n•t mov•ment in funds to
n•t eash flow from op•rating activities:
Nel income
Adjustments lo cash flows from non-cash items..
Depreciation
Investment management fees
Returns on inveslments and servic¢ng of finarte
(Profityloss on sale of fixed assets
Revaluat¢on of Investments
Interest paid
DecreaSellln¢￿ase> in stock
Decftrase in debtors
(Decrease) I Increase in uedilors
1425,890)
521.375
259.337
20,284
142,4051
232,785
19,867
145,0571
82
1165.1061
136,1691
802
1S7
489.820
142,3001
{7071
118.022
49,713
14
16
Net cash wovided by operating activities
223,636
730.974
Cash flows from investing *¢tivitles
Interest income
Proceeds from the sal8 of fixed assets
Acquisitions of tangible fixed assets
1.646
1,310
7,792
1671,6251
1191.0301
Cash used in financing a¢tivitses
1189.3841
1662.5231
Cash flows from financing activities
New HP lease
Capital repayment of HP lease
Interest paid
Repayments of borrowings
63.421
118.990)
18021
{3621
43.629
(3621
Inerna￿ in cash and Cash equlvalenls In the year
77.881
68.089
Cash and cash equivalents al the beginning of the year
1,087.184
1,019,095
Cash and ¢ash •quival•nts atth• of th• yoar
1,165.065
1.087,184
21

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
Accounting Policies
Basis of Preparation
The financial statements have been prepared urKler the histori￿1 cost convention with items
being recognised at cost or transaction va￿8 unlèss otherwise stated in the notes to th&se
accounts.
The financial ststements have been p￿pared in ￿)rdance with Accounting and Reporting by
Charities.. Statement of Re￿mmended Practice applicable to charities preparing their accounts
in accordance with the Finanaal Repo￿n9 Standard applicable in the UK and Republic of Ireland
IFRS102) (effective 1 January 20151- (Charities SORP (FRS 10211. and wtih the requirements
of the Companies Act 21￿.
The charity constitutes a PU￿1¢ benefft an￿ty as defined by FRS102. The functional and
presenlalional currency bs Sterfing.
b)
Golng Concern
As sel out in the Tnistees report undersection-11 (Finance Review} Including the reserves policy.
the ¢harty has free reserves in excess of the poly level. Based on forecast financial infomialion
and current cash reserves. in the direclor5' option it is appropriate to prepare the accounts on
the going concem basis.
Fund accounting
Restricted funds u)mprise lund5 subject to specthc trusts that musl be applied for specific
purposes.
General lunds are unrestricted funds which are available for use at the discretion of the trustees
in furtherance of the general 04'e¢tives of the ¢h¥ity and which have not been designated for
olher purposes.
Designated funds comprise ur￿eStrICted fuTrts that have been sel aside by the Trustees for
particular purposes. The aim arKI use of designated lund 15 set out in the notes to the
rinan¢ial 5tatemenls.
Investsnent income. gains arKI losses are allocated lo the appropriate fund.
d)
Crltl¢al accountlng ludgem•nts and key Sourc￿ of estimatlon un¢•rtalnty
In applicatitin of the charitable company's accounting pdKies, the trustees are required lo make
judgements, e51imale5 and assumption5 at*)ut the carying amoun15 of assets and liabilities that
are not readily apparent from other sources. The eslimales and associated assumptions are
based on historical experien￿8￿￿ otherfactors that a￿ considered to be relevant. Actual results
may differ from these estimates.
The estimates and urnlertyiro assumplK)ns are ￿vieWed on an ongoing basis. Revisions to
accounting estimates are ￿CogniSed in the period in which the estimate is ￿viSed if the revision
affects onty that pèn'od. or in the perK)d of revision and future periods if the revision affects both
Current and future ￿riodS. The key critical judg8m8nt and 8stimate that the trustges have made
in the process of applying the company's a￿oUntIng policies and that has the most significant
effecl on the amounts recognised in the financial statemenls is in r8spect of legacy incorne
recognition. For Ihose ￿9a￿eS which are probable. and therefore are included within income,
bul lor which the final amount 1$ not wnfirmed, the trustees have decided lo generally recognise
80% of the expected income and deduct a further £5,000 for those legacies induding propety,
except when Spec[￿ circumStan￿S appty.

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
Accounting Pols¢i•s
In￿me
Income i8 recognised vthen the tharity has entitlement to the funds, any perfomance conditions
attached lo the itemlsl of income have been met. it is probable th81 the income will be received
and the amount can be measured reliabty. For legacies. entTtlement is the earfier of th8 charity
being notrfied of an impending distribution or the ￿gaCY being receNed.
Gifts donated for resale are induded in income when they are 501d. Donated services orfacilities,
a￿ included in income at a valuation which is an estimate oflhe financial c051 bome by the donor
where such a cosl is qUantIf￿b1e. No income is recognised where there is financial cost borne
by a third paty.
Income 18x recoverab￿ in relation to donations received under Gtft Aid or deeds of covenant is
recognise(J at Ihe time of the donation.
Other income is recognised in the per*)d n whK* il is receivable and to the extent the goods
have been Provided or on complekn.on of the service.
Expenditure
All expendrture 15 accounted for ￿ an accrua15 basis and has been includèd under expense
categories that aggregate all costs for allocatson to activitses. Imiere costs ¢annol bè dsrectly
attributed lo particular actrvitr'es they have been allocated on a basis consistent with the use of
the res￿rces..
Raising lunds are those gjsts irKurred in seeking Yo￿ntary ¢￿tribut￿)￿S and do not include the
osts of disserninaling informati()n in support of the charttabk adivTties. They indude the costs
incurre¢J in operab.ng the charity's shops.
Charitable activities incklde expenditu￿ associated with the weffwe. grazing arKI stsbling of
horses and ponies.
Irrecoverable VAT is included in the Slalemenl of Finar￿ra1 Aclivities under the appropri81e
expenses heading.
g)
Tanglble fix•d assets and depreciation
Fixed assets are induded at cost less depreuation. Depreuath)n is not charged on freehold land.
Depreciation 15 calculated so as lo write off the cost of an asset less its estimatod rgsidual value
over Ihe uselul ecor￿MiC life of that asset on a straight line basis as follows..
Freehold building5
Motor vehicles
Furniture, fittings and equipment
IT Equipment
Oatsbase
Th14%110% per annum
20% per annum
20% per annum
33% per annum
20% per annum
h)
Operating lease agreements
Rentals applicable lo operating leases are charged to the SOFA on a straight line basis over the
p8riod of the ￿aSe.
23

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
ACCOUn￿n9 Policies Ictth
Flnance leaso agreements
Minimum lease payments ale apports'oned between the ffinance charge and the reduction of the
outstanding liability using the rate implicit in the lease. The finance charge is 8lloc3ted to each
period during the lease term to produce a conslant periodic rate of interest on the remaining
balanc6 of the Irdbility.
Stock
Stock is valued at the bwer of cost and net real￿ble value. after due regard for obsokle and
slow moving stocks. Cost indLKles all direcl costs.
k}
Inv•stm•nts
Investments are stated at marftet value at the balance sheet date. The statement of financial
activities includes the nel gains and k)sses arising on revaluations and disposals throughout the
period.
Fin¥n¢ial Instruments
Financial instruments are dassified and accounted for, according to the substance of the
contractual arrangement. as financial assets. financial liabilitie5 or equty instnjmgnts. An
equity instrument is any contract that evidences a res￿u81 interest in the assets of th8
company after Oeducting a11 of its liabilities. The company holds the following financial
instruments. all of which are cOnS￿er8d to be basic".
Shori temi trade and oiher debtors and creditors
Pensions
The company opefates a defined contribution pension scheme and the pension charge
represents the amount payable by the company to the pension fund in respect of the year.
Charllable Status
The Charity is a company limited by guarantee and is regislered with the Charity Commissioners for
England and Wales_ The members of the company are the trustees named on page 1. In the evenl of
the charity being wound up. the liabiltty in ￿SPect of the guarantee is limited to £1 per member of the
charity. The charitable company was incorporaied in EngkThJ and Wakes.
In¢ome from donati¢>ns and1¢ga¢i•s
2020
2019
Donations and gifts
Legacies
Other Govemrnent Grants
2.174,465
1.687.147
331,191
2.269,816
2.097.409
Total
4.192.803
4,367,225
24

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
Income from charitable a¢tl¥illes
2020
2019
Adopb'ons
Shows and rtdes
14.788
911
10.141
4.933
Total
15,699
15,074
Income from ¢Jther trading activities
2020
2019
Shop takings
Coombe Park facility hire
Cafe and Grfi Shop
EducatM)n
367.968
119
310
5.218
485.040
826
1.354
Total
373.615
487.220
Investrnent Incomo
2020
2019
Rent
Investment income
Interest receivable
17.328
40.761
1.646
23,869
43,747
1,310
Total
59.735
68,926
Analysis of expendlture on raising fvnds
2020
2019
Advertising
Olher costs
Printing and postage
Database management
Banking charges
Investment management fees
Wages and salaries
Charity shops- overheads and cost of goods sokl
Café arKI gift shJp- ov8rheads and cost of goc#Js sold
Support costs
24,991
43.458
318.020
50.335
18.623
20.284
356,141
499.095
6.631
93.224
551.437
25.572
16.749
19,867
326.774
411.013
1.466
111.935
31.820
Total
1,362,767
1.564,668
25

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
8 Analysis of expendilure on charitable activitles
2020
2019
Anirnal feed and general well¥e
Veterinary and Farrier fees
Passports
Rent
Other property costs
Repairs. maintenance and cleaning
Motor and travel {includiro staff fares)
Telephone
Sundry expenses
Wages and salaries
National Insurance
Pension costs
Twslees. indemnty insurance
Support costs
167.544
270.263
1.919
4,987
45.969
267,199
27.614
12.291
16.369
1.138,965
85,068
14,342
1.635
1.686,979
151,359
263,867
907
11.609
63,108
250,336
24.117
8,344
28,511
1.016.941
70,675
13.229
1.436
1.113.069
Totsl
3.741,144
3,017,508
All expenditure on eharTtable activities is incurred for the provision of sanctuary and wetlwe.
Analysis ot support costs
Ralsing Charitablt
Funds Activities
Total
2020
T¢tal
2019
Motor, travel and subsistence
Bank and credit card charges
Establishment costs
Postage, printing, stab"onery and office
Telephone and ¢ommunutK
Sundry expenses
Light and heat
Repairs and renewals
Loss on disposal of fixed assets
Professional fees
Wages and salaries
National Insurance
Pension cost
Recruthient costs
Depfeciation
Auditor's remuneralKJn
Other accountarty fees
31.601
9.915
65.347
6.242
15.323
29.748
13.455
559.114
31.601
9.915
92.205
6.242
18.825
29.893
13.455
560.574
28.334
8.242
50.795
11,855
20.115
39.172
24,777
90,073
82
37,155
598.139
41,570
9,243
7,780
232.784
10,000
14.888
26.858
3.502
1.460
32,080
598.315
41.580
7.￿1
32.080
598.315
41.580
7,987
259.337
10.000
6.935
259,337
10,000
6.935
Total
31.820 1.686.979 1,718,799 1.225.004

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
10 Analysis of staff ¢o$ts. trn$¢•¢ r*mun•ration and ¢xp•ns•s. and the cost of key managemenl
pèrsonntl
2020
2019
Wages 8nd s81aries
Social security cos15
Pension costs
2.351,809
167.241
31.171
2.156.018
140.964
30,304
Total
2,550.221
2.327.286
The average number of empknyees Iheadcount) during the year was:
2020
Number
2019
Number
Charity shops
Provision of sanctuary and welfare
Fundraising
23
92
16
22
89
Total
131
126
Tha numbar of FTE equivalent ￿M￿0ye•S durtng Ihe year was:
2020
Numbèr
2019
Number
Charity shops
Provision of sanctuary and weffa
Fundraising
19
73
76
Total
105
104
One eM￿1)Y$¢ (2019.. ¢y)e empbyeel eamed more than £70.000 and le55 than £80.000.
The key management personnel comprises five people {2019.. five). The aggregate employee benefits
payabk to the directors for the year was £291.848 (2019.. £267.3411. No remuneration was paid to
trustees.
27

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
11 Tangibh Fixed Ass•ts
Fumllure.
Freehold
Motor Fittings &
IT
Property V•hlcle$ Equipment Equipm•nt
Database
Total
Cost
At 1 November 2019
Additions
8.463,019
60.574
166.412
67,260
313.843
17.252
52,470 8,995,744
191,030
45.944
At 31 Octob•r 2020
8.523.593
233.672
331.095
4S.944
52.470 9.186.774
Depre¢latlon
Al 1 November 2019
Charge for the period
1.226,615
172.068
79.234
35,981
240.612
35.973
52,470 1.598.931
259,337
15.315
At 31 October 2020
1.398,683
115.215
276.585
15,315
52,470 1.858,268
Net Book Value
At 31 October 2020
7.124,910
118.457
54.509
30.629
7.328.506
Al 31 October 2019
7,236.404
87.178
73.230
7.396,813
The net book value of assets held under finance ￿aseS and hire purchase contracts. induded above.
are as follows..
2020
2019
Furniturè. fittings and equipment
IT Equipment
14.612
30,629
28

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
12 Fixgd Assgt Inveslmonts
Listed
Vnlistsd
Other
So¢uriti¢$ Securltl•s investments
Total
Market value
At 1 November 2019
Addilions at cost
A￿d￿"OnS lo shares
Sale of shares
Revaluations
Charges
2.825.175
149,721
40.759
1458.804}
382,853
101 2.974.997
40.759
458.804
{382.8531
36.169
36.169
120,2841
120.284)
At 31 October 2020
2,937.295
94.245
101 3,031,641
13 Stock
2020
2019
Animal supplies and goods for rnsale
29.874
30,031
14 Debtors: Due wlthin one year
2020
2019
Other taxation and sooal seujrity
Trade debtors
Other debtors
Prepayments and acmied income
Lega¢&es receivable
34.197
332
23,003
624
11,224
143.183
1,510.059
160.366
1.003.314
1.198,273
1,688,093
15 Cash at Bank and in Hand
2020
2019
Cash at bank and in hand
1.165.06S
1,087,184

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
16 Creditors: Due within on• year
2020
2019
Nel obligations under finance leases and hire purchase contracts
Trade Cfèditors
Accruals and deferTed income
18,840
138,817
20.761
176.810
25,068
178.418
201,878
17 Credltors: Due aft•r one year
2020
2019
Nel obligatKJns under finan￿ leases and hire purchase c(￿traCtS
25.591
25.S91_
18 Funds
Restrlcted funds
Funds received for specific purposes including facility
improvefflents works. environrnental upgrade5 and lo
fund essents'al vet fees.
Property and fixed asset
d¢$ignat¢d lund
The Trustees have separalely identified funds tied up in
property and other tangible fixed assets. as these
funds. by their nature. are not freely available for the
day lo day use of the charity. The transfer into this fvnd
represents the movement in fixed assets during the
year.
Charity development designat•d
fund
The balance of £1.080,000 al 1111119 represented
planned ¢apital spend and budgeted expen¢Jilure repair
and rectrficalion work at Coombe Park during 2019120.
The amounl carried forward represents the capital
sperKI of £378.450 plus £200,000 approved for
completion of the work at Coombe Pa￿.
Remaining funds 11.è. tho$0 not
designated or Invèsted in fixed
assets).
Represent the free reserves of the charity.

The Mare and Foal Sanctuary
Notes and Accounting Policies
Year Ended 31 October 2020
18 Funds {continuedl
Brought
Forward
Transfers
Galnsl
Carried
Income Expfrnditur• in I lout) {loss•sl forward
R•strictsd funds
Trust income
Designated fvnd$
Property and fixed asset
des￿nated fund
Charily development
designatsd fund
91.499
{70.000)
21,499
7.396.813
{75.8861
7.320.927
1.080.000
1522,523)
20.973
578,450
8.476.813
1522,5231 {54.9131
7.899,377
General lunds
General free reserves
4.498.427 4.550,353 14.511.388>
54.913
36,169 4.628,474
Total unreslrlcted funds12.975,240 4.550.353 15.033.911)
36,169 12.527,851
Total funds
12.975,240 4.641.852 (5,103.9111
36,169 12.549,350
19 Operating Lease Commitments
2020
2019
At 31 October 2020. the Charity had totsl fvIU￿ minwnum
lease payments 8$ follows-
In less than 1 year
Within 2-5 years
Over 5 years
85.575
155.644
26,000
85.575
155.644
26.000
267.219
267.219
Duiing the year lease paynwnts totallirvj £85.57512019". £55.875) We￿ reetsJnised as an expense.
20 Related Party Tran$a¢tions
During the yew the charity paid travel expenses lotalh"ThJ £1.318 (2019.. £1,877) lo three {2019.. tour)
trustees.
21 Pension
The charity operates a defined contributson scheme. The assets of the scheme a￿ held separately from
those of the company in and in¢Jependentty administered fund. The contributions paid from unrestricted
funds by the charity lo the fund dwing the year lolalled £30.171 12019.. £30,304).
31