**Registered number: 07904571 Charity number: 1148612**
## **UNICORN EQUESTRIAN CENTRE**
**(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
## **UNICORN EQUESTRIAN CENTRE**
## **(A company limited by guarantee)**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and administrative details of the charity, its trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7 - 17|
**UNICORN EQUESTRIAN CENTRE (A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Company registered number**
07904571
## **Charity registered number**
1148612
## **Registered office**
Netherswell Manor Farm, Netherswell, Stow-on-the-Wold, Gloucestershire, GL541JZ
## **Company secretary**
Ms Sydney Lanier Smith
## **Senior management team**
Mrs M J Campbell, Trustee Mrs J Holah, Trustee (resigned 30/04/2023) Mr A M G Glennie, Trustee Mr J S G Gloag, Trustee Ms C Glennie, Trustee (appointed 23/07/2023)
## **Independent Examiner**
Elizabeth Newell BA (Hons) FCA, Moorgate House, 201 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 1LZ
Page 1
**UNICORN EQUESTRIAN CENTRE**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
The Trustees present their annual report together with the financial statements of the company for the 1 January 2023 to 31 December 2023. The Trustee confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) as amended by Update Bulletin 1 (effective 1 January 2019).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
## **OBJECTIVES AND ACTIVITIES**
## **a. Policies and objectives**
The purpose of the charity is to provide equestrian facilities and training for those of all abilities including those who are disadvantaged and/or in need, minority and youth groups and those persons with physical or learning disabilities, for the purposes of recreation, education and social welfare, and promoting community participation in healthy recreation through the provision of equestrian sports.
The trustees have paid due regard to guidance issued by the Charity Commission, including public benefit guidance, in deciding what activities the charity should undertake.
## **b. ACHIEVEMENTS AND PERFORMANCE**
2023 saw the start of the economic slowdown with a significant increase in running costs. Major maintenance including resurfacing the driveway, repairing the roof and guttering.
We continue to support the local community by offering affordable training facilities for all. We are delighted that they have expanded and increased their usage with future bookings until 2027. Schools, pony clubs, equestrian vaulting, local riding clubs, carriage driving and Polocrosse to name a few. New programs like the tiny tots class has proved very popular in 2023 and next year we hope to grow it even more.
The local riding club camps are proving very popular, giving people access to all aspects of horse ownership and the major disciplines. New clients in 2023 are Organised Equestrian with Ben Atkinson, British Eventing’s sponsored training for young eventers, British Show Horse Association training for Judges, and Evenlode Riding Club’s winter dressage.
We worked closely with the RDA to run an onsite camp for people with all disabilities enabling them to learn to Carriage Drive in a safe and secure environment.
## **a. FINANCIAL REVIEW**
The total fund deficit for the year amounted to £14,053 (2022: surplus of £6,450). Total incoming resources were £214,617 (2022: £226,282). Resources expended were £228,670 (2022: £219,832).
Page 2
**UNICORN EQUESTRIAN CENTRE (A company limited by guarantee)**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023**
## **b. STRUCTURE, GOVERNANCE AND MANAGEMENT**
Unicorn Equestrian Centre is a charitable company limited by guarantee, incorporated on 10 January 2012, and registered as a charity on 16 August 2012. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Article of Association. In the event of the company being wound up each member is required to contribute an amount not exceeding £10.
## **a. GOING CONCERN**
After making appropriate enquiries and taking into consideration COVID-19, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **b. RESERVES POLICY**
The Trustees consider that such level of reserves should be maintained in Unrestricted Funds as is necessary to safeguard the continuity of the company's activities and these are reviewed on a regular basis. Unrestricted reserves at 31 December 2023 were £1,097,890 (2022: £1,111,943).
## **TRUSTEES' RESPONSIBILITIES STATEMENT**
The Trustees (who are also directors of Unicorn Equestrian Centre for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees, on
and signed on their behalf by:
................................................ **Mrs Mary Jane Campbell** Trustee
Page 3
**UNICORN EQUESTRIAN CENTRE (A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNICORN EQUESTRIAN CENTRE (the 'company')**
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2023.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **INDEPENDENT EXAMINER'S STATEMENT**
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated:
## Elizabeth Newell BA (Hons) FCA
Moorgate House, 201 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 1LZ
Page 4
## **UNICORN EQUESTRIAN CENTRE**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Unrestricted**
**funds**
**Note**
**2023**
**£**
**INCOME FROM:**
Charitable activities
2
**214,121**
Investments
3
**496**
**TOTAL INCOME**
**214,617**
**EXPENDITURE ON:**
Charitable activities
5
**227,920**
**TOTAL EXPENDITURE**
6
**227,920**
**NET INCOME / (EXPENDITURE) BEFORE**
**OTHER RECOGNISED GAINS AND LOSSES**
**(13,303)**
**NET MOVEMENT IN FUNDS**
**(13,303)**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**1,111,943**
**TOTAL FUNDS CARRIED FORWARD**
**1,098,640**|**Restricted**
**funds**
**2023**
**£**
**-**
**-**
**-**
**750**
**750**
**(750)**
**(750)**
**5,533**
**4,783**|**Total**
**funds**
**2023**
**£**
**214,121**
**496**
**214,617**
**228,670**
**228,670**
**(14,053)**
**(14,053)**
**1,117,476**
**1,103,423**|_Total_
_funds_
_2022_
_£_
_226,252_
_30_|
|---|---|---|---|
||||_226,282_|
||||_219,832_|
||||_219,832_|
||||_6,450_
_6,450_
_1,111,026_|
||||_1,117,476_|
The notes on pages 7 to 17 form part of these financial statements.
Page 5
## **UNICORN EQUESTRIAN CENTRE (A company limited by guarantee) REGISTERED NUMBER: 07904571**
## **BALANCE SHEET AS AT 31 DECEMBER 2023**
|**Note**
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Stocks
11
Debtors
12
Cash at bank and in hand
**CREDITORS:** amounts falling due within
one year
13
**NET CURRENT ASSETS**
**NET ASSETS**
**CHARITY FUNDS**
Restricted funds
14
Unrestricted funds
14
**TOTAL FUNDS**|**£**
**4,268**
**13,211**
**84,398**
**101,877**
**(52,380)**|**2023**
**£**
**1,053,926**
**49,497**
**1,103,423**
**4,783**
**1,098,640**
**1,103,423**|_£_
_1,285_
_4,433_
_98,628_
_104,346_
_(51,795)_|_2022_
_£_
_1,064,925_
_52,551_|
|---|---|---|---|---|
|||||_1,117,476_|
|||||_5,533_
_1,111,943_|
|||||_1,117,476_|
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on signed on their behalf, by:
and
## ................................................
## **Mrs Mary Jane Campbell - Trustee**
The notes on pages 7 to 17 form part of these financial statements.
Page 6
**UNICORN EQUESTRIAN CENTRE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)).
Unicorn Equestrian Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Company status**
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
## **1.3 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 7
**UNICORN EQUESTRIAN CENTRE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
## **1.5 Tangible fixed assets and depreciation**
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Freehold land and buildings 15% Reducing balance on buildings - Fixtures and fittings 15% Reducing balance - Office equipment 15% Reducing balance
## **1.6 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
## **1.7 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **1.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 8
**UNICORN EQUESTRIAN CENTRE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **1.9 Cash at Bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
## **1.11 Financial instruments**
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2. INCOME FROM CHARITABLE ACTIVITIES**
|**Unrestricted**
**funds**
**2023**
**£**
Donations and gifts
**214,121**
**214,121**
_Total 2022_
_206,252_|**Restricted**
**funds**
**2023**
**£**
**-**
**-**
_20,000_|**Total**
**funds**
**2023**
**£**
**214,121**
**214,121**
_226,252_|_Total_
_funds_
_2022_
_£_
_226,252_
_226,252_|
|---|---|---|---|
|||||
Page 9
**(A company limited by guarantee)**
## **UNICORN EQUESTRIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **3. INVESTMENT INCOME**
|**INVESTMENT INCOME**|**INVESTMENT INCOME**|||||
|---|---|---|---|---|---|
|**Unrestricted**
**funds**
**2023**
**£**
Investment income
**496**
_Total 2022_
_30_
**DIRECT COSTS**
**Governance**
**£**
Light & Heat
**-**
Motor Expenses
**-**
Other office costs
**-**
Purchases and closing stock
**-**
Telephone
**-**
Catering costs
**-**
Disposal of fixed assets
**-**
Cleaning
**-**
Marketing
**-**
Computer costs
**-**
Repair and maintenance
**-**
Insurance
**-**
Rates and water
**-**
Arena costs
**-**
Accomodation
**-**
Legal and professional
**10,694**
Independent examination and
accountancy
**4,394**
Bank charges
**-**
Wages and salaries
**-**
National insurance
**-**
Pension cost
**-**
Depreciation
**-**
**15,088**
_Total 2022_
_16,814_||**Restricted**
**funds**
**2023**
**£**
**-**
_-_
**Activities**
**£**
**13,817**
**4,740**
**11,486**
**22,102**
**2,323**
**14,765**
**-**
**9,870**
**146**
**1,992**
**42,331**
**11,407**
**763**
**-**
**25**
**-**
**-**
**86**
**61,331**
**3,271**
**795**
**12,332**
**213,582**
_203,018_||**Total**
**funds**
**2023**
**£**
**496**
_30_
**Total**
**2023**
**£**
**13,817**
**4,740**
**11,486**
**22,102**
**2,323**
**14,765**
**-**
**9,870**
**146**
**1,992**
**42,331**
**11,407**
**763**
**-**
**25**
**10,694**
**4,394**
**86**
**61,331**
**3,271**
**795**
**12,332**
**228,670**
_219,832_|_Total_
_funds_
_2022_
_£_
_30_|
||||||_Total_
_2022_
_£_
_9,151_
_2,267_
_12,992_
_15,198_
_2,427_
_12,298_
_164_
_10,081_
_164_
_542_
_12,150_
_10,974_
_1,165_
_19,467_
_15,780_
_12,151_
_4,663_
_87_
_60,299_
_3,023_
_708_
_14,081_
_219,832_|
|||||||
|||||||
|||||||
||**15,088**|||||
|||||||
|||||||
|||||||
||_16,814_|||||
## **4. DIRECT COSTS**
Page 10
**(A company limited by guarantee)**
## **UNICORN EQUESTRIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **5. GOVERNANCE COSTS**
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**£**
**2023**
**£**
Direct costs - Governance
**15,088**
**-**
**ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE**
**Staff costs**
**Depreciation**
**Other costs**
**2023**
**£**
**2023**
**£**
**2023**
**£**
Direct costs
**65,397**
**12,332**
**135,853**
Expenditure on governance
**-**
**-**
**15,088**
**65,397**
**12,332**
**150,941**
_Total 2022_
_64,030_
_14,081_
_141,721_|**Total**
**funds**
**2023**
**£**
**15,088**
**Total**
**2023**
**£**
**213,582**
**15,088**
**228,670**
_219,832_|_Total_
_funds_
_2022_
_£_
_16,814_|
|---|---|---|
|||_Total_
_2022_
_£_
_203,018_
_16,814_
_219,832_|
||||
## **6. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE**
## **7. NET INCOME/(EXPENDITURE)**
This is stated after charging:
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|Depreciation of tangible fixed assets:|||
|- owned by the charity|**12,332**|_14,081_|
During the year, no Trustees received any remuneration (2022 - £NIL). During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, no Trustees received any reimbursement of expenses (2022 - £NIL).
## **8. INDEPENDENT EXAMINATION**
The Independent Examiner's remuneration amounts to an Independent Examination fee of £2,600 (2022 - £2,450.
Page 11
**UNICORN EQUESTRIAN CENTRE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **9. STAFF COSTS**
Staff costs were as follows:
|Wages and salaries
Social security costs
Other pension costs|**2023**
**£**
**61,331**
**3,271**
**795**
**65,397**|_2022_
_£_
_60,299_
_3,023_
_708_|
|---|---|---|
|||_64,030_|
Included in wages and salaries are amounts paid to casual labourers totalling £28,537 (2022: £30,468). The average number of persons employed by the company during the year was as follows:
|**2023**|_2022_|
|---|---|
|**No.**|_No._|
|**1**|_1_|
No employee received remuneration amounting to more than £60,000 in either year.
## **10.**
## **TANGIBLE FIXED ASSETS**
|**Cost**
At 1 January 2023
Additions
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
At 31 December 2023
**Net book value**
At 31 December 2023
_At 31 December 2022_|**Freehold**
**land and**
**buildings**
**£**
**1,190,984**
**-**
**1,190,984**
**158,406**
**7,347**
**165,753**
**1,025,231**
_1,032,578_|**Fixtures and**
**fittings**
**£**
**126,245**
**-**
**126,245**
**96,865**
**4,407**
**101,272**
**24,973**
_29,380_|**Office**
**equipment**
**£**
**31,368**
**1,333**
**32,701**
**28,401**
**578**
**28,979**
**3,722**
_2,967_|**Total**
**£**
**1,348,597**
**1,333**|
|---|---|---|---|---|
|||||**1,349,930**|
|||||**283,672**
**12,332**|
|||||**296,004**|
|||||**1,053,926**|
|||||_1,064,925_|
Page 12
**(A company limited by guarantee)**
## **UNICORN EQUESTRIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **11. STOCKS**
|**STOCKS**|||
|---|---|---|
||**2023**|_2022_|
||**£**|_£_|
|Finished goods and goods for resale|**4,268**|_1,285_|
## **12. DEBTORS**
|**DEBTORS**|||
|---|---|---|
|Trade debtors
Prepayments and accrued income|**2023**
**£**
**12,508**
**703**
**13,211**|_2022_
_£_
_3,649_
_784_|
|||_4,433_|
Page 13
**(A company limited by guarantee)**
## **UNICORN EQUESTRIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **13. CREDITORS: Amounts falling due within one year**
|**CREDITORS: Amounts falling due within one year**|||
|---|---|---|
|Other loans
Trade creditors
Other creditors
Accruals and deferred income|**2023**
**£**
**40,000**
**6,183**
**3,039**
**3,158**
**52,380**|_2022_
_£_
_40,000_
_3,745_
_4,149_
_3,901_|
|||_51,795_|
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**(A company limited by guarantee)**
## **UNICORN EQUESTRIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **14. STATEMENT OF FUNDS**
## **STATEMENT OF FUNDS - CURRENT YEAR**
|**Unrestricted funds**
General Fund
**Restricted funds**
Arena Resurfacing
Mechanical Horse
Total of funds
|**Balance at**
**1 January**
**2023**
**£**
**1,111,943**
**533**
**5,000**
**5,533**
**1,117,476**|**Income Expenditure**
**£**
**£**
**214,617**
**(227,920)**
**-**
**-**
**-**
**(750)**
**-**
**(750)**
**214,617**
**(228,670)**
|**Balance at**
**31**
**December**
**2023**
**£**
**1,098,640**
**533**
**4,250**
**4,783**
**1,103,423**|
|---|---|---|---|
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**(A company limited by guarantee)**
## **UNICORN EQUESTRIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **14. STATEMENT OF FUNDS (continued)**
## **STATEMENT OF FUNDS - PRIOR YEAR**
|**General funds**
General Fund
**Restricted funds**
Arena Resurfacing
Mechanical Horse
Total of funds
**SUMMARY OF FUNDS - CURRENT YEAR**
General funds
Restricted funds
**SUMMARY OF FUNDS - PRIOR YEAR**
General funds
Restricted funds
|_Balance at_
_1 January_
_2022_
_£_
_1,105,144_
_-_
_5,882_
_1,111,026_
**Balance at**
**1 January**
**2023**
**£**
**1,111,943**
**5,533**
**1,117,476**
_Balance at_
_1 January_
_2022_
_£_
_1,105,144_
_5,882_
_1,111,026_|_Income_
_Expenditure_
_£_
_£_
_206,282_
_(199,483)_
_20,000_
_(19,467)_
_-_
_(882)_
_226,282_
_(219,832)_
**Income Expenditure**
**£**
**£**
**214,617**
**(227,920)**
**-**
**(750)**
**214,617**
**(228,670)**
_Income_
_Expenditure_
_£_
_£_
_206,282_
_(199,483)_
_20,000_
_(20,349)_
_226,282_
_(219,832)_
|_Balance at_
_31_
_December_
_2022_
_£_
_1,111,943_
_533_
_5,000_
_1,117,476_
**Balance at**
**31**
**December**
**2023**
**£**
**1,098,640**
**4,783**
**1,103,423**
_Balance at_
_31_
_December_
_2022_
_£_
_1,111,943_
_5,533_
_1,117,476_|
|---|---|---|---|
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**UNICORN EQUESTRIAN CENTRE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR**
|**Unrestricted**
**funds**
**2023**
**£**
Tangible fixed assets
**1,049,676**
Current assets
**101,344**
Creditors due within one year
**(52,380)**
**1,098,640**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR**
_Unrestricted_
_funds_
_2022_
_£_
Tangible fixed assets
_1,059,925_
Current assets
_103,813_
Creditors due within one year
_(51,795)_
_1,111,943_||**Restricted**
**funds**
**2023**
**£**
**4,250**
**533**
**-**
**4,783**
_Restricted_
_funds_
_2022_
_£_
_5,000_
_533_
_-_
_5,533_|**Total**
**funds**
**2023**
**£**
**1,053,926**
**101,877**
**(52,380)**
**1,103,423**
_Total_
_funds_
_2022_
_£_
_1,064,925_
_104,346_
_(51,795)_
_1,117,476_|
|---|---|---|---|
|||||
## **16. RELATED PARTY TRANSACTIONS**
At 31 December 2023 a sum of £40,000 was owed to Ms S Smith who has a significant role in the charitable company's affairs and is company secretary. The loan is interest free and repayable on demand. Contract staff employed by Ms S Smith were paid £28,537 (2022: £30,468) by the charity. Ms S Smith received £NIL (2022: £19,663) for the provision of accommodation for participants. Ms S Smith also made a donation of £20,000 during 2022 for the Arena Resurfacing project, there we no such donations during 2023.
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