ASHFIELDS E
UESTRIAN TRUST
FINANCL4L STATEMENT
R THE YEAR ENDED
31 JULY 2

ASHFIELDS E
IJESTRIAN TRUST
TRUSTEES:
Ms Z E Morgan - Chair
Mi's B Kene&ly- resigned 4 March 2026
Mr C C Easter
Ms C R Chambers
REGISTERED ADDRESS..
Ashfields Carrtage and Polo Club
Great Canfield
Dunmow
Essex
CM6 IJU
CHARITY REGISTRATION NUMBER.. 1143284
INDEPENDENT EXAMtNER'.
C Pardo¢ FCA
37 Fraser Close
Chelmsford
E5S¢X
CM2 OTD
ooooooo
NTENTS
Trust¢¢s' R¢port
Independent Bxaminers Report
Statetnent of Finan¢ial Activities
Balance Sheet
7-12
Notes to the Accounts

Page I
ASHFIELDS E
UESTRIAN TRUST
TRUSTEES? REPORT
FOR THE YEAR ENDED 31 JULY 2025
The tn]stees present th¢ir report along with the financi81 statements of the Charity for the petiod ended
31 July 2025. The financial statsments have been prepared in accordance with the accounting policies
set out on pttges 7 and 8 and comply with th¢ oharity's trust deed and applicable law.
Constitutlon and objects
The Charity's objects are for the promotion for the benefit of the young or disabled people of th¢
amateur sport of can'iage driving, by providing facilities and equipment.
Organis&tion
The trustees who h&vc s¢rved during thc period ar¢ set out on page l. Trustees were initially
appointed from volunteers from amongst inlerestsd sectors of the community and all serve on the
committee. Half of th¢ members of the Commiltce are subject to ¢l¢Gtion or re-election at the Annual
G¢neral Meetiiig for a period of two years. 'ri)e Committee m¢¢ts regularly to discuss the ruttning of
the chai'ity, and various $ub-¢ommittees are formed to addr¢ss specific issues, such as fund raising.
Financial Revlew
Incomin8 resources for the year Amounted to £126,633 (2024,. £131,979). Total resources expended
for tl)e y¢ar were £133,943 (2024.. £130,673).
The net movement in fund5 was (£7,310) (2024.. £1,306),
The net assets of the charily on 31 July 2025 were (£2,062) (2024.. £5,248), Th¢ net book value of
fixed assets on 31 July 2025 was £2,737 (2024.. £3,292).
The defi¢it of £7,310 was larg¥ly due to t¢mporary incrcases in statfing costs arising fiDm illness and
mat¢n]ity cover. Thes¢ costs have now relumed to noimal l¢v¢ls. In February 2026 the charity
r¢c¢ived a donation of £76,000 from ll truste4 which has significantly impi'oved th¢ ¢harity's
financial position. The trustees arc satisfied that lh¢ charity remeins a going concern
Revlew of Aehlevements durlng thé year
Again, we have continued our work with young drivers. building a strong tsam to deliv¢r sessions for
botli competitive and therapy drivers. Our adult groups who now tEgularly attend also coming up and
driving the ponies out on drives around the tracks and partAking in th¢rapy sessions for mentsl health
with FILY who excels in this direction as well as his usual driving lessons. We have added ,4ome non-
driving ponies that have been of Il)crapeutic Comfort to people ihat just lov¢ to groom them.
We have hAd another fantsstic suinm¢r camp with Barrow fm Ridin8 and Driviiig for the disabled
group, they love the venue for their now ovcrsubscribed camp and hugely enjoy their social time in
the carriage museum. Flly continues to drive alongside their poi)ies and is a super star.
The suppoit continues from th¢ East Anglia carriage driving group, holding juiiior camps and training
days. Ashfield's works very closely with the East Anglia driving group as their objectives and views
'to encouraging people of all ages and disabilities into drivii)g and othei. life skills, such a5
comTnunication, organisation and working wilh others. We have delivered a number of try driving
opportunities to a diverse group of peopl¢. W¢ are Counting to offer opportunities to ¢ncourage people
into this wonderful sport of cattiage driving and accessibility to our ponies in a safe and healthy
environment.
With growing costs of haylstraw and forage for the horses and ponies we are continuing to push
forward with new ideas and opportunities to raise money to enabl¢ us to keep providing our services
to an ever-growing demand.

P*%*2
Chdricychllmb
cThrI￿Oph¢r knier.......

Page3
SHFIELDS E
UESTRIAN TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 IULY 2025
Reserves Poliey
The charity's policy is to maintain Sufficient reserves to cov¢r its operational costs for at least the
following 3 months. Ai Ihe year end, the charlty had suffi¢i¢nt reserves to comply with this policy.
The l¢v¢l of reserves is kept under close scrutiny by the tNstee$.
Public Benefit
The Trustees Iiave oomplied with the duty in Section 17 of the Charities Act 201 I to have due regard
to public benefit guidance published by thc Charities Commission. They have referred lo th¢
guidanc¢ in tlie Charity Commission's general 8uidan¢e on Public Benefit when reviewing the Trust's
aims and objectives and in planning future a¢tivilies as demonstrttted above
Risk anagement
The trustees l)av¢ examined thc mAjor operational. stral¢gic and business risks which the charity faccs
and coi)firin tliat appropriate systems are in plac¢ to mitigate the effects of these risks.
Trustee's responsibilities in rellttlon to the fjnaneial statements
Law applicable to Charities in England and Wales ￿qUir¢S the trustees to prepare financial statements
for each financial period, wlii¢h give a Ii'ue and fair view of the cliarity's financial actLVlties duriiig th¢
p¢riod aiid of lis finan¢ial position at the end of the period. In preparing those financial statement
th¢ trustees are requirod to.,
Select SLlitable accounting policies and then apply them consistently,
Make jud8emen15 and estiinates that Are reasonable and prudent.
State wheth¢r applic&bl¢ accounlii)¥ standards and statcments of recommended practice
have been followed $ubje¢t to Any departures dis¢los¢d and explaincd in the financial
st&tem¢nts' and
P1'eP￿.¢ th¢ financial statements on the going concern bASiS unless it is inappropriat¢ to
presiime that the cl)ai'ity will conlinue in business.
Th¢ trustccs are responsible for kccping accounting records which disclose with reasonable accuracy
at any time tlie financial pc)sition of the charity aiid ¢nable them to ensure that th¢ financial stateinenls
comply with the Charities Act 2011. They ar¢ also responsible for saf¢8uarding the assets of the
oharity and henc¢ foi. takiiig reasonllble st¢ps for tE]e prevention and detection of fraud and oth¢r
irregularitics.

Page 4
INDEPENDENT EXAMINER'S REPORT TO
THE TRUSTEES OF ASHFIELDS E
UEI STRIAN TRUST
Indepcndent Examiner's Report to the Trustees of ITrust Natnel
I report to the trustees on my examination of the financial ststements of Ashfields Equestrian Trust for
the year ended 31 July 2025.
Responsibllltles And B4$is of Report
As the Charity's trustees. you are responsible for the preparation of the financial statements. You
consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that
an ind¢pendent examination is appropriate.
I have been appointed as an independent examiner and I'eport in accordance with the appli¢abl¢
Directions given by ihe Charity Commission under section 145 of the Charities Act 2011. My
examination includes a review of the accounting records, and a coinparison of the accounts pres¢nt¢d
with those records. Et also includes consideration of any unusual items or dI￿loSUreS in the accounts
and explanations from the trustee$ eono¢rning such matters.
The procedur¢s undertaken do not provide all the evidence that would b¢ required in an audit and,
consequently, I do not expr¢ss an audit opinion on the financial statsments.
Independent Examiner's StAtement
In connection with my examination, no mat¢ers have come to my att¢ntion which give me reasonable
cause to believ¢ ihat, in any material respect:
accounting records hav¢ not been kept in ac¢ordan¢e with section 130 of the Chariti¢5 Act
2011. or
the financial statements do not ac¢ord with those records and comply with th¢ applicable
accouncing ￿quIrements.
How¢ver, I draw attention to the ftillowing matters.,
l. Reserve's Policy- The Trust's stated reserves policy is to maintain funds equivalent to three
months, operatiiig expenses. At the y¢ar-¢nd, this taig¢t has not b¢en met. However, as notsd
in the Trustee rcport and the nofrs to th¢se accounts, a sum of £76,449 ha5 been donated to
tl)¢ Trust which has bolstered the trust's reserves.
2. Bookkeeping Servlces- Bookkeeping services for the Trust are und¢rtaken by Chelmer
Company Services Limitcd ("CCSL"). While I, as the Priiicipal of CCSL and the Independent
ExAminer, do not p¢rsonally p¢rfonn th¢s¢ s¢rviG¢s, th¥y ar¢ carried out by an ¢mploy¢e of
CCSL. Appropriate safeguards have been consider¢d to ensure the independenc¢ and
objectivity of this examination.
C Pardoe FCA
Chartered Ao¢ountant
37 Fraser Close
Chelmsford
Essex CM2 OTD
Dats:

Page S
ASHFIEUDS E
UESTRL4N TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2025
Unre$trieted Restricted
Funds
Funds
TOTAL TOTAL
FUNDS FtfNDS
2025
2024
Notes
INCOMING R£soifRCES
Voluntary income
4,487
4,487
21.951
Activities for generÉtin8 ￿ttds
122,146
122.146
110,028
TOTAL INCOMING RESOURCES
126.633
126,633
131,979
RESOURCES EXPF,NDED
Cost of generating funds
27,124
27,124
26,686
Costs of activiti¢s undertaken dimtly
102,606
102,606
100,619
Governance costs
4,213
4,213
3,368
TOTAL RESOURCES EXPEIYDED
133,943
133,943
130,673
NET MOVEMEY4T IN FUNDS FOR THE
YEAR
(7,310)
(7,310)
1,306
BALANCES BROUGHT FORWARD
At l August 2024
5,073
175
5,248
3,942
BALAYCFS CARRIED FORWARD
At 31 July 2025
(2,237)
175
(2,062)
5,248

Page6
ASHFIELDS E
TRIAN TRUST
BAL
ET- 31 JULY 2025
Notes
2015
2024
TANGIBLE FIXED ASSETS
2,737
3.292
CURRENT ASSETS
Debtors
Cash at bank and in hand
73
4,337
7,621
TOTAL CURRENT ASSETS
4,410
LIABILlTtES
Amounts falling due in l year
9,209
5,665
NET CtniRENT ASSETS (LIABILITIES)
(4,799)
1,956
TOTAL ASSETS
(2,062)
5,248
FUNDS
Unrcstricted
Reslricted
175
(2,237)
175
5,073
(2,062)
5,248
Approved by the Committee of Trustees and signed on its behalf by:
Ms Z E Morgan
Date of Approval:

Page 7
ASHFIELDS
UESTRIAN TRUST
NOTES TO THE FINANCIAL STATE
NTS-31 JULY 2025
PRINCIPAL ACCOUNTING POLICIES OF ASHFIELDS EQUESTRIAN TRUST
The financial statements have been prepared under the historical cost convention and in
ac¢ordance with th¢ Financial Reporting Standai'd applicable in the UK and Republi¢ of Ireland
(FRS 102). Section IA for small entities, the St3t¢ment of Recommended Practice AccoLin¢ing
nd Reporting by Charities" (Charit1¢5 SORP (bRS 102)), and the Charities Act 2011.
Going Concern & Po$t Balanee Sheet Events
The accounts have been prepared on a going ¢onc¢m basis. For the year ended 31 July 2025 the
¢harily irported & deficit of £7,310 (2024.. surylus £1,306) and, at th¢ balancc sheet date, had n¢t
liabilities of £2,062. The deficit for th¢ year arose in part due to higher-than-nornial Sta￿Ing oosts,
with total labour Costs of £66,385 ¢ompared to £55,557 in th¢ prior year. Tli¢s¢ increased costs
were larg¢ly attributable to temporary staff cover ￿qLlIred during periods of illness and maternity
leave. These circumstances have been resolved, and staffing costs have returned to mor¢ normal
Icvels. In addition, in February 2026, a trustee donated £76,000 to the charity, While this donation
is unr¢stricted, the donor hag indicated that it is iiitended to support repairs and maiiitenanee of the
charity's faciliti¢s. Having considered Ili¢ charity's finAn¢ial position and taking these factors into
account the trustees are satisfied that the Gharity has ￿equate resourG¢s to continue in operational
¢xistenc¢ for tlie fores¢eable future. Accordingly, the trustees ¢on8idor it appropriate to prepare the
accounts on a going conccm basis,
The principal accounting policies of the Trust ar¢ set out below.
Fund a¢¢ountlng
The Trust's g¢n¢rnl reserves consist of funds which the Trust may use for ils purpose at its own
dis¢r¢tion.
ncome
General income relat¢s to trAnsa¢tions, which ar¢ unallocated to departmental Activities.
Intei'est, rental and dividend ineom¢ is credit¢d when receivable to income and expenditure
account.
All voluntary income is included in the financial statements on re￿ipt.
Donations under gift aid plus the associated incomc tax recovery are r¢¢ognis¢d as income when
rcceived.
Legacies to which th¢ ¢harity is entitled ar¢ includ¢d in the statement of financlal a¢tiviti¢s unless
they ar¢ incapable of measurem¢nt.
Intangible incoine is valued and included in income to th¢ ¢xtent that it represents goods or
services, which would otherwise be purchased. AtTr equivalent amount is chArged as expenditure.
Voluntary help 15 not included as income.
Fixed assets and depreciation
Fixed assets are included in fin&nciaI statements at historical cost less depre¢iation.
Donated ass¢ts are recognised in financial statements on receipt.

P#ge 8
Depreciation is calculatsd to write down th¢ cost of all tangible fixed ass¢ts (other than fr¢¢hold
prop¢rty) oveT their expected useful ¢¢onomic lives. The periods or rates generally applicable are:
Plant and machinery
Leasehold property
250/0 reducing balLn¢¢
l OQ/• of cost
TaxAtion
The Trust has charitable status and is entitled to tax exemptions available to charities under th¢
Corporation Tax Act 2010 and the Income Tax Act 2007, as well as other appli¢able legislation.

Page 9
ASIIFIELDS E
UESTRIAN TRUST
TES TO THE FINANCIAL STATE
(Continued)
ENTS- 31 JULY 202
INCOMING RESOURCES
l. Voluntary Income
Unr¢stricted Restricted
Fullds
Funds
TOTAL
2025
TOTAL
2024
Donations
4,487
4.487
21,951
4,487
4,487
21,951
2. Activities for I'he Generation of Funds..
Funds generated by..
Unrestricted Restrlcted
Funds
FMnd$
TOTAL
2025
TOTAL
2024
Liv¢ry
Flat rental
Hiro of premtses
80,999
6,300
34,847
80,999
6,300
34,847
84,997
6,300
18,731
122,146
122,146
110,028
RESOURCES EXPENDED:
3. Cost of generatin8 funds
Unre8trlettd Restricted
Funds
Funds
TOTAL
2025
TOTAL
2024
Hors¢ expenses
Hir¢ of Equipment
Vet&N¢dical
27,124
27,124
26,686
27.124
27,124
26,686

Page 10
ASHFIELDS E
IJESTRIAN TRUST
NOTES TO THI FINANc￿L STATEMENfs- 31 IULY 2025
(Continued)
4. Costs of activities in furtherance of the charity's objects:
Unrestricted Restrleted
Funds
Funds
TOTAL
2025
TOTAL
2024
Gross Wages
Pension coiits'ibutions
Sub-contract
Water Rates
General Rates
48,641
1,085
17,744
1,348
645
1,192
12,517
558
663
48,641
1,085
17,744
1,348
645
1,192
12.517
558
663
43,750
934
11,807
698
479
872
21,566
539
620
205
3,285
6.212
180
7,780
1.692
Electricity
Repairs & Servicing
Telephone
Bank Charges
Vehicl¢ expenses
Insurance
W¢bsile hosting
Pi'einise4 expenses
Depreciation
2,476
7,141
270
7660
555
2,476
7,141
270
7660
555
102,606
102,606
100,619

Pa£e 11
ASHFIELDS E
UESTRLIN TRUS
NOTES TO TIIE FtNANCIAL STATEMENIS- 31
(Continued)
Y 2025
5. TANGIBLE FIXED ASSETS
Pi4ut &
Le48ehold
Machlnery Property
Total
COST
At l August 2024
Additions
11,891
11,889
23,780
At 31 July 2025
11,891
11,889
23,780
DEPRECIATION
At l August 2024
Charge for year
10,383
377
10,105
178
20,488
555
At 31 July 2025
10,760
10,283
21,043
NET BOOK VALUE
At 31 July 2025
1,131
1,606
2,737
At 31 July 2024
1,508
1,784
3,292
6. DEBTORS
024
Debtors & prepaym¢nts
73
73
7. CREDITORS
Amounts falling due wlthiu l year
202
2024
Other creditors
Accruals
5.753
3,456
2,852
2,813
9,209
5.665

Page 12
ASHFIELDS
UESTRIAN T
UST
NOTES TO
FINANCIAL STATEMENTS- 31 JULY 2025
(Continued)
8. Employees
The average number of employees during the year was 2 (2024.. 2).
No employee received more than £60.060 in emoluments during the year (2024: Nil)
During the year, no trustees received any remuneration (2024 Nil) nor reimbursement of expenses
(2024 Nil).
The total resources ¢xpended on managing and administering the charity of £4,213 (2024.. £3,368)
includes the cost of the independent review of th¢ financial stat¢m¢nts of £1,100 (2024: £1.100).
9. RelAted Porty Transactions
During the year. the charity received rental income from a trustee, Zo¢ Morgan, who occupies a
tlat owned by the trust. The terms of th¢ rental agr¢em¢nt are as follows..
Monthly Rent* £525
Annual Rent: £6,300
Rent Basis: The rent is set at the mark¢t rate, as deterniin¢d by an independent valuation.
At the r¢port'ing date, there were no outstanding bal#n¢cs related to this transaction, Th¢ trustee
was not iiivolved in any decisions regarding the r¢ntal agreement to avoid any confli¢t of inierest.
Since the 31 July 2025 Ms CR Chambers, a Trustee, donated a sum of £76,449 to the Trust.