Reglstered number.. 07904571 Charlty number.. 1148612 UNICORN EQUESTRIAN CENTRE (A company Ilmlted by guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
UNICORN EQUESTRIAN CENTRE (A company limlted by guarantèe) CONTENTS Page Ref8ronce and adminl$tratlve details of the charityi its truste9$ and advlsgrs Trustees. roport Indopendent gxamlnerfs report Statement of financial activities Balance sh8ot Notès to the financlal statements 7-16
UNICORN EQUESTRIAN CENTRE IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Company registered number 07904571 Charity reglstered number 1148612 Registered office Nelherswell Manor Farm. Nelherswell. StOWqon.Ih&Wold. Glouceslershire. GL541JZ Company secretary Ms Sydney Lanier Smith Senlor management team Mrs M J Campbell. Tfuslee Ms C Glennie. Trustee Mr A M G Glennio. Trustee Mr J S G Gloag, Trustee Independent Examlner Elizabeth Newell BA {Honsl FCA. The Pinnacle. 150 Midsummer Boulevard. Milton Kees. Buckinghamshire. MK9 1LZ Page 1
UNICORN EQUESTRIAN CENTrE IA ¢ompany Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annLtal report together wlh the financial statements of the company for the 1 January 2024 10 31 December 2024. The Trustee confirm that the Annual Report and finaricial statements of the company comply with the curronl stalvlory requirements, the requirements of the company's goveming document and the provisions of the Statement of Recommended Practice ISORPI, applicable lo eharilies preparing their accounts in accordance with the Financtal Reporting Standard applicable in the UK and R&public of Ireland IFRS 102) leffective 1 January 20191 as amended by Update Bulletin 1 (effective 1 January 20191. Since the company qualifies as small under section 383. the strategic report requlred of medlum and largè companies undgr The Companies Act 2006 (Strategic RgPOrt and Direclorfs Reportl Regulalions 2013 is not required. OBJECTIVES AND ACTIVITIES Policies and objectives The purpose of the charity is lo provide eqLtestrian facilities and training for those of all abilities in¢luding those who are disadvantaged andlor in neèd, minority and youth groups and those persons with physi¢81 tsr leaming i$abililies, for the purposes of recreation, education and social welfare. and promoting communlty partlcipalion In healthy recreation through the provision of equestrian sports. The Iru5tees have paid due regard lo guldance Issued by the Charity Commission. including public benefit guidance, in deciding what 8¢tivilies the charity should undertake. b. ACHIEVEMENTS AND PERFORMANCE The Trust continues lo support the local Community by offering affordable training facilib'ès lor all. We are delighted that they have expanded and in¢reased their usage with future bi)okings unts'l 2028. Schools. pony clubs, equestrian vaLJlting, local riding clubs. and carriage driving lo name a few. New eventsldients in 2024 include The Association of British Riding Clubs and educational clinics such as Katherine Harberd with Allgnment Horse. The local riding club ¢amps are promng very p)pular, giving people access to all aspects of horse ownership and training. The Trust continue to woth dosely with the RDA to run an onsite camp for people wlth all disabilib'es enabling them to learn lo Carriage Drive In a s8fe and secure environment. 2024 Saw an increase in Ihe"Teaching Camps" focusing on good horsemanship. correct posturg for both horse and rider and general care. As electficily bills are sel lo rise. coinciding with our arena lights needir*g lo be replaced. new LED lights were installed to create better lighting al a fraction of the cost. The Trust also matje some slgnlflcanl improvements lo the drive and drainage to the lower arena. c. FINANCIAL REVIEW The lolal fund surplus for the year amounted lo £46512023-. deffctt of £14.053). Totsl Incomlng resources were £219,234 {2023.' £214,617>. ResoLtrces expended were £218.769 (2023.. £228,670). Page 2
UNICORN EQUESTRIAN CENTRE IA etsmpany Ilmlt8d by guarantee) TRUSTEES, REPORT l¢ontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2024 d. STRUCTURE, GOVERNANCE AND MANAGEMENT Unicorn Equestrian Centre is a charitable cornpany IimileLI by guarantee, incorporated tsn 10 January 2012. and r8gislered as a charity on 16 August 2012. The Company was established under a Memorandum of Association which established the objects and pow¢fs of the charitable company and is governed under ils Arb"cle of Association. In the event Df the comp?ny being wound up each member is required to contribute an arnounl not exceeding trto. e. GOING CONCERN At the lime uf approving the financial statements, the Lrustee8 have a reasonable expect81On tlat Ile whar','ty las adequate resources lo ¢onlinue in operational existen¢6 for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial slaiements. f. RESERVES POLICY The Trustees ccinsider that such level of r&serves should be maintained in Unrestricted Funds as is npcessary to safe9uard the continuity of the company's activitie5 and these are reviewed on 8 regular basis. Unrestricted reserves al 31 December 2024 were £1,099,74212023'. £1.098,6401. TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees (who are also directors of Unicorn Eouestrian Centre for the purposes of company lawl are responsible for preparing the Trustees, ieport and th6 financial statements in accordance with applicable law and United 'ngdoM Accounting Standards (United 'ngdoM Generally Ac¢epled Accounting PT8clicel. Company law req(Jires the Trustees to prepare financial slalements for each financial year. Under company law the TTusle&s musl not approve the financial slalemenls Ljnless they are satisfied that they give a true and fair view of the stale OJ ayairs of tle c*aritabla womp8ny and of the Inco ing re8oJrces and application ol resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required lo select suitable accounb'ng policies and then apply thern consislenlly,, observe the methods and prfnciple$ in the Charities SORP, rnake judgments and accounting estimates that 8re ieasonable and prudent, prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable company w111 continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the char118ble comp8ny's Ir8nsa¢tions and disclose with reasonable accuracy al any lime the financial position of the chaiitable company and enable them to ensure that the financial slalements comply with the Companies A¢t 2006. They kre also re$ponsible for safegu8rdit)g the assets ol Ihè cha(itsble company and hence lor takin9 rea50n8ble steps for the prevention and detection of fraud and other irregu18rilies. is report was approved by the Trustees. on 11 nd signed on their behalf by". Mrs Mary Jane Campb811 Trustee Page 3
UNICORN EQUESTRIAN CENTRE IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF UNICORN EQUESTRIAN CENTRE {the '¢ompany'l I report lo the Charity Trustees on my examination of the accounts of the company for the year ended 31 December 2024. This report is made solely to the mpan$ Tiuslees. as a body, in accordance wilh Part 4 of the Charlties {Ac¢otJnts and Reports) Regulatsons 2008. My work has been undertaken so that I might slate to the companys Trustees those matters l arn requlred to slate to them in an Independent examingr'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. RESPONSIBILMES AND BASIS OF REPORT As the Trustges of the company land its directors for the purposes of company lawl you are responsible lor Ihg preparation of the accounts in accordance with the requirements of the Companies Act 2006 Cthe 20[ Acl'l. 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 exafflinalion of the companvs accounts carried out under sgction 145 of the Charities Act 2011 {he 2011 AcY}. In carrying out my examination I have followed the Directions given by tho Charity Commission under section 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my exarninalion. I can confirm that no mallers have come to my attention in connection with the examinats'on giving me cause to believe.. accounting rewrds weie not kepl in respect of the company as required by section 386 of the 2006 Act or the accounts do not aecord with those records,. or the accounts do not compty with the accounting requirements of section 396 of the 2006 Act other than any requiremenl that the accounts give a 'lrue and lair. view which is not a matter considered as part of an independent examinatlon., or the accounts have not been prepared in accordance wlth the methods and prilpleS of the Slalemenl of Recommended Practs'ce for accounting and reporting by charities lappli¢8ble to Charities preparing their accounts in a¢cordan¢e wth the Financial Repong Standard applicable in the UK and Republic of Ireland {FRS 1Q2}1. I have no concerns and have come across no other matters In connection with the examinats'on to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signed.. Dated.. li 2025 . Elizabeth Newell BA (Hons} FCA The Pinn8de, 150 Midsummer Boulevard, Milton Keynes, MK9 1LZ Page 4
UNICORN EQUESTRIAN CENTRE IA company Ilmited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unre$trl¢ted Restrlcted fund5 funds 2024 2024 Total funds 2024 rolal funds 2023 Note INCOME FROM: Charitable activities Investments 218.327 907 218.327 907 214, 731 496 TOTAL INCOME 219.234 219.234 214,617 EXPENDITURE ON: Charitable activities 218.132 837 218,769 228,670 TOTAL EXPENDITURE 218,132 637 218,769 228,670 NET INCOME I IEXPENDITUREI BEFORE OTHER RECOGNISED GAINS AND LOSSES NET MOVEMENT IN FUNDS 1,102 1,102 {6371 16371 465 (14,053J {14.053J 465 RECONCILIATION OF FUNDS: Total funds brought forward 1.098.640 4.783 1.103,423 1. 117.476 TOTAL FUNDS CARRIED FORWARD 1,099.742 4,146 1,103,888 1, 103,423 The notes on pages 7 10 16 form part of thesè financial statements. Page 5
UNICORN EQUESTRIAN CENTRE IA Company limited by gyaranteel REGISTERED NUMBER: 07904571 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS Tangible 85sets CURRENT ASSETS Stocks 10 1,049,924 1.053.926 1,598 5,175 104,398 4,268 13,211 84,398 Debtors Cash 81 bank and in h8nd 12 111,171 101.877 CREDITORS: amounts falling due within one year 157,2071 [52,380) NET CURRENT ASSETS 53,964 49,497 NET ASSETS 1,103,888 l. YQ3,423 CHARITY FUNDS Reslficled funds Unrestricted funds 14 4,146 1,099,742 4.783 1.098,640 14 TOTAL FUNDS 1.103,888 1. lQ3,423 The 0Mpan*S fiii uilcisl stalerrients have been prepared in accordance Wilh 'he provisions applicable lo companies su.ect to th$ small companies regime. The Trustees consider that the company is ent411ecS to exemption from the requirement to have an audit under the provisions ol section 477 of the Companies Act 20061'lhe Act") and membors have not required the company to obtain an audit lor the year In questson In accordance with section 478 of the Act. The Tru51ees acknowledge Iheir responsibilities for complsqng with the reouirements of the Comp8ni&s Act 2006 with respect to aceounting records and the prep8r81ion of f5nan¢ial statemenls. The fir)ancial $lalem&nls were 8pprov¢d and aulhorised for issue by the Trustee5 on signed on their behalf. by. and Mrs Mary Jane Campbell- Trustee The notes on pages 7 to 16 fonn part of these financial statements. Page 6
UNICORN EQUESTRIAN CENTRE (A Company Ilmltgd by guarant$o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES 1.1 8#$is of preparatlon of financlal statements Thg financial slalemgnls have been prepared in acGordan¢g with A¢¢ounling and Reporting by Charilies.- Statement of Recommended Practice applicable to charities preparing their ac¢ount5 Iri accordance with the Financial Reporting Standard applicable in the UK and RepLtbli¢ of Ireland IFRS 1021 leffe¢live 1 January 2019}- Ichaflties SORP IFRS 10211. Unicorn Equestrian Centre meets the tjefinition of a publSc bfrnefil entity under FRS 102. Assets and liabilibes are initially recognised at historical cost OT transaction value unless othenNise slated in the relevant accounting policy. 1.2 Company ststus 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 In¢ome All income is recognised once the company has enlillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, enliuemenl is tsken as the earlier of the date on which either.. the company is aware that probate has been granted, the eslale has been finalised 8nd notification has been rnade by the execulorlsl to the Trust that a distribution will be made, or when 8 distribution is received from the estate. Receipl of a legacy. in whole or in part. is only considered probable when Iho amount can be mgasurgd reliably and Ihg company has been nrilified of the executor's intention lo make distribUtOn. Where legacies have been notified to the company. or the company i% awa of the granting of probate. and the crlteria for income cOgnItion have not been met. then the legacy is treated as a contingent asset and disclosed If material. Donated servlces oi facilities are recognised whgn the wmpany has control ovtrr the il¢m. any conditions as50cialed with the donated item havtr been mel. the receipt of economic benefil from the use of the company of the item is probable and that economie benefit can be measured reliably. In a¢cordan¢e with the Charities SORP IFRS 1021. the general volunteer lime of the FIndS is not cognised and refer to the TNstees' report for more infomiation about their contribution. On receipt. donated professional ServIS and donated facilities are recognised on the basis of the value of the gift to the company whi¢h is the amount the company would have boen wlling lo pay to obtain Services or facilities of equivalent economic bènefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipl. Income tax recoverable in relation lo donations recelved under Gift Aid or deeds of covenant is recognise(J al the lime of the donallon. Income tsx recoverable in relalion to Investment inwme is recognised al the limo the investment income is receivable. Page 7
UNICORN EQUESTRIAN CENTRE IA company limited by yuaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES IntInued> 1.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party. tt is probable that 8 transfer of economic benefits will be required in settlernenl and the amount of the obligallon can be measured rellably. Expenditure is classifted by actlvity. The costs of each activity are rnade up of the total of direct costs and shared costs. SncludirTrg sUPPOrt costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned belween those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent. and depreciation charges allocated on the portion of the asset's use. Governance costs are Ihose incurred in connection with administration of the company and ¢omplian¢e with ¢onslit¢Jlional and stalulory requirements. Charitable activltie5 and Governance costs are costs Incu¥red on the compan$ operations, Including support costs and costs relating to the governance of the o)mpany apportioned lo tharilable activities. 1.5 Tanglbl• fix•d assets and depreciatlon A review for impaim*nl of a fixed asset Is carTied out rf 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 reccyJnised In the Ststemenl of fin8ncial 8clivilies incorporating income and expenditure account. Tangible fixed assets are carried al cost, nel of depreciation and any provision lor impairment. Depreciation is provided al rates cal¢ulaled lo write off the cost of fixed assets. lass their estimated residual value, over their expected tjseful lives on the following bases= Freehold land and buildings Fixtures and fittings Office equipment 15 /• Reducing balance on buildings 15 /0 Reducing balance 15Q/o Reducing balance 1.6 Interest rec6lvabl8 Interest on funds held on deposit Is included when CeIVable and the amount can be measured reliably by the company.. this is nomially upon notification of the interest paid or payable by the Bank. 1.7 Stocks Slocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost indudes all ijirect 5t5 and an approprfale proportion of fixed and variable overheads. 1.8 D•btor$ Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepay)nenls are valued al the amount prepaid nel of any trade discounts due. Page 8
UNICORN EQUESTRIAN CENTRE IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Icontinuedl 1.9 Cash at Bank and In hand Cash al bank and in hand includes cash and short term highly liquid investmen15 With a short maturity of three months or less flom the date of acquisition or opening of the (leposit or similar account. 1.10 Uabllltles and provl$lons Liabilities are recognised when there is an obligation at the Balance sheet date 8s 8 result of a past event. il is probable that a transfer of economic benef¢t will be required in settlement, and the amount of the setuemenl Can be estimated reliably. Liabilities are recognised al the amount that the company anlicipales il will pay lo settle the debt or the amount it has reiVed as advanced payments for the goods or ServIS it musl provide. Provisions are measured at th6 best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is basecj on the present value of those amounts, discounleLf at the pre-tax discount rate that refflects the risks specific to the liability. The unwinding of the discount is recognised wlhin interest payable and sSmllar 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 a initially CogniSed at transaction value and subsequently measured at their settlement value with the exception of bank loans which 8re subsequently measured al amortised cost using the effective Inte$1 method. INCOME FROM CHARITABLE ACTIVITIES Unr¢$tri¢t•d R•$lrld8d funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations and gifts 218,327 218,327 214, 121 218.327 218.327 214, 121 Total 2023 214, 121 214. 121 Page 9
UNICORN EQUESTRIAN CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENT INCOME Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Invèslmenl income 907 496 Total 2023 496 496 DIRECT COSTS Total 2024 Total 2023 Governanc• Activitigs Light & Heat Motor Expenses Othèr office costs Purchases and dosing stock Telephone Catering costs Cleaning Marketing Computer costs Repair and maintenance Insurance Rates and water Accomodalion Legal and professional Independ&nt examination and accountancy Bank charges Wages and salaries National insurance Pension cost Depreciation 13.729 1.843 12,534 22,755 2,270 12.960 10.332 326 13,729 1.843 12.534 22.755 2.270 12.960 10.332 326 480 25.662 10,996 586 13.817 4.740 11.486 22.102 2.323 14,765 9.870 146 1,992 42,331 11,407 763 25 10,694 25,662 10,996 586 11.288 11.2B8 4,971 4,971 86 72.391 3,630 862 11.068 4.394 86 61,331 3,271 795 12.332 86 72,391 3.630 862 11.068 16,259 202,510 218,769 228,670 Total 2023 15,088 213,582 228.6TO Page 10
UNICORN EQUESTRIAN CENTRE IA company limitèd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GOVERNANCE COSTS Unre$trl¢ted Re$trl¢ted funds funds 2024 2024 Total funds 2024 Total funds 2023 Direct costs- Governan 16,259 16.259 15,088 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Staff costs D¢pro¢lation Oth•r ¢osts 2024 2024 2024 Total 2024 Total 2023 Direct costs Expenditure on governance 76,883 11,068 114,559 16,259 202,510 16,259 213,582 15,088 76,883 11.068 130,818 218,769 228,670 rotal 2023 65,397 12,332 150,941 228,670 NET INCOMEIIEXPENDITUREI This is slated after charging.. 2024 2023 Depreciation of tangible fixeij assets.. - owned by the charity 11.068 12.332 During the year. no Twstees received any remuneration12023- £NIL}. During the year, no Tiuslees received any benefits in kind12023- £NIL}. During the year, no Trustees received any reimbursement of expenses12023- £NILI- INDEPENDENT EXAMINATION The Independenl Examlnels remuneratlon amounts to an Independent Examination fee of £2,600 (2023- £2.450. Page 11
VNICORN EQUESTRIAN CENTRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS Staff costs were as follows: 2024 2023 Wages and salaries Social security costs Other pension costs 72,391 3.630 862 61.331 3,271 795 76,883 65.397 Included in wages and salaries are amounts paid to casual labourers tolalllng £36,988 (2023= £28.5371. The average number of persons employed by the company during the year was as follows.. 2024 2023 No. No employee recelved remuneratioa amounting to more than £60.000 in either year. 10. TANGIBLE FIXED ASSETS Freehold land and Fixture5 and buildings rittings Offi¢e equipment Total Cost Al 1 January 2024 Atjdilions 1.190.984 126.245 32,701 7.066 1,349,930 7,066 Al 31 December 2024 1,190,984 126,245 39.767 1.356.996 Depreclatlon At 1 January 2024 Charge for the year 165,753 6,389 101.272 3,746 28,979 933 296,004 11,068 At 31 December 2024 172,142 105,018 29,912 307.072 Net book value Al 31 Decembor 2024 1.018.842 21,227 9,855 1,049,924 At 31 December 2023 1.025.231 24,973 3,722 1,053,926 Page 12
UNICORN EQUESTRIAN CENTRE IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. STOCKS 2024 2023 Finlshed goods and goods for resale 1.598 4,268 12. DEBTORS 2024 2023 Trade dgbtors Other dabtors Prepaymer)ts and aCced income 3,481 910 12,508 703 5,175 13,211 13. CREDITORS.. Amounts falling due within one year 2024 2023 Other loans Trade creditors Other Creditors AccNals and defetted Income 40.000 4.160 9,797 3.250 40.000 6,183 3,039 3,158 57.207 52.380 Page 13
UNICORN EQUESTRIAN CENTRE IA company limlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 Dècèmber 2024 Balance at 1 January 2024 Incomo Expenditure Unrestricted funds General Fund 1,098.640 219.234 {218,1321 1,099,742 Restricted funds Arena Restjrfacing Mechanical Horse 533 4,250 533 3.613 {6371 4,783 16371 4.146 Totsl of funds 1.103,423 219.234 1218.769} 1.103,888 P8ge 14
UNICORN EQUESTRIAN CENTRE (A eompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. STATEMENT OF FUNDS Icontinuod) STATEMENTOF FUNDS - PRIOR YEAR Balance at 31 December 2023 Balance al l January 2023 Income Expenditure General funds General Fund 1,111.943 214,617 (227.920) 1,098,640 R•strlcted funds Arena Resurfaclng Mechanical Horse 533 5.000 533 4.250 (750) Totsl of funds 7.IY7,476 214,617 (228.670) 1, 103,423 SUMMARY OF FUNDS- CURRENT YEAR Balance at 31 Balan¢0 at 1 January 2024 D•comber 2024 Income Expendlture General fLFnds Restllcted funds 1,098,640 4,783 219,234 1218,1321 1.099,742 (6371 4.146 1.103.423 219.234 {218,769) 1.103.888 SUMMARY OF FUNDS - PRIOR YEAR Balance al 31 Balance at l Janu8ry 2023 December 2023 Incom& EXnd1(ure General funds Reslricled funds t,Itl,943 5,533 214,617 (22T.920) 1,098,640 (750) 4, T83 1, 117.476 214.617 f228,6TO} 1, 103,423 Page 15
UNICORN EQUESTRIAN CENTRE IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestrlcted funds 2024 RestrScted funds 2024 Totsl funds 2024 Tangible fixed assets CUrn1 assets Creditors due within one year 1.045,674 110.638 (57,2071 4250 533 1.049,924 111,171 157.207) 1,099,742 4,146 1,103,888 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unrestncled funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 1.049.676 101,344 (52,380) 4.250 533 1.053,926 101,877 (52,380) 1,098,640 4,783 1. 103.423 16. RELATED PARTY TRANSACTIONS At 31 December 2024 a sum of £40,000 was owed to Ms S Smith who has a significant fole in the charitable company's affairs and is Company secretary. The loan is interest free and repayable on demand. Conlracl staff employed by Ms S Smith were paid £36,98812023.' £28,537) by the charity. Page 16