DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
**Financial statements for the year ended 31 December 2021**
Charity Registered No 1157610
DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Legal and administrative information**
|**Registered office**|Abbey Park|
|---|---|
||Stareton|
||Kenilworth|
||CV8 2RN|
|**Charity registration number**|1157610|
|**Trustees**||
||Ms Lisa Hancock (Appointed 10thJune 2022)|
||Mrs Alexandria Hambro (Appointed 3rdMay|
||2022)|
||Lady Madeleine Lloyd Webber|
||Mr Mark Sartori (Appointed 25thJune 2021)|
||Mr Ian Stark (Appointed 22ndJanuary 2021)|
||Miss Helen West (Appointed 2ndAugust 2021)|
|**Bankers**|Weatherbys Bank Limited|
||Sanders Road|
||Wellingborough|
||Northamptonshire|
||NN8 4BX|
DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Contents**
||**Page**|
|---|---|
|Trustees’ annual report|1 - 3|
|Statement of financial activities|4|
|Balance sheet|5|
|Principal accounting policies|6-7|
|Notes to the financial statements|8-11|
DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
**Trustees’ annual report For the year ended 31 December 2021**
The Trustees of British Eventing Support Trust, formerly known as the British Eventing Charitable Foundation, present their report and the accounts for the period ended 31 December 2021 and confirm they comply with the requirements of the Charities Act 2011, the charity’s constitution, and 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 (SORP FRS 102).
## **Structure, Governance and Management**
The charity is a registered charity number 1157610 and is governed by its constitution as a Charitable Incorporated Organisation. The only voting members are its Trustees. The principal office of the charity is Abbey Park, Stareton, Kenilworth, Warwickshire, CV8 2RN.
The constitution requires a minimum of three trustees. There should be no less than one and no more than five appointed trustees, two ex officio trustees, and one nominated trustee.
New appointed trustees are appointed by the existing trustees, nominated trustees are appointed by British Eventing Ltd for a period of three years. The two ex officio trustees are the Chairman and Chief Executive of British Eventing Ltd and shall be trustees for as long as they hold that position.
The trustees meet at least six times each year. At those meetings the trustees agree the broad strategy, review the ongoing activities of the charity to ensure they are in line with the objectives, approve the budget, and review the financial performance of the charity and its reserves and risk policies.
None of the trustees receive remuneration or benefits for their roles and are required to disclose all relevant interests with the Secretary. Trustees withdraw from decisions where a conflict of interest arises.
## **Statement of Trustees’ responsibilities**
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities requires the Trustees to prepare financial statements for each financial year. Under that law, the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity 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 Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity 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 FRS102;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
Page 1
DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
**Trustees’ annual report (continued) For the year ended 31 December 2021**
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware, each Trustee has taken all steps that he/she ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Trustees**
The trustees who served during the year and up to the date of signature of the financial statements were as follows:
Ms Lisa Hancock (Appointed 10[th] June 2022) Mrs Alexandria Hambro (appointed 3[rd] May 2022) Lady Madeleine Lloyd Webber Ms Judith Matthews (Resigned 3[rd] July 2021) Mrs Fiona O’Hara (Resigned 15[th] November 2021) Mr Ian Stark (Appointed 22[nd] January 2021) Mr Mark Sartori (Appointed 25[th] June 2021) Miss Helen West (Appointed 2[nd] August 2021) Mr Malcolm Wharton (Resigned 18[th] May 2022)
## **Objectives and Activities**
During 2021 the charity changed it’s name to the British Eventing Support Trust and switched it’s focus to supporting the physical and mental health of British Eventing members whilst continuing to support research involving safety within our sport.
## **Achievements and Performance**
- ➢ The revised charity was launched in September 2021.
- ➢ A part-time Charity Administrator was appointed.
- ➢ Updated Charity Commission objectives were submitted and approved.
- ➢ New Mission, Vision and Objectives were signed off.
- ➢ Website was commissioned
## **Plans for Future Periods**
- ➢ Launch Website and Social Media Platforms
- ➢ Fundraising Plan for 2022/2023 created and put into action
- ➢ Support and fund applications from British Eventing members
- ➢ Support and fund applications for research into sport safety
- ➢ Replace BE accountant
- ➢ Recruit part-time member of staff with fund raising experience
**Financial Report**
The significant reduction in activities is reflected in the financial statements, with a small amount of activity towards
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
**Trustees’ annual report (continued) For the year ended 31 December 2021**
the end of 2021 following the launch of the new charity.
## **Risk Statement**
The Trustees consider the risks at each meeting and with now fixed financial commitments consider there to be no major risks to the Trust.
## **Related Parties**
During the year the Trust did not make any payments to its Trustees.
On behalf of the board
……………………………………………… Mr Ian Stark **Trustee**
Date: October 18, 2022 | 15:18 BST
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 December 2021**
|**Note**
**Unrestricted**
**funds**
**£**
**Income from**
Donations and legacies
2
500
Charitable activities
3
0
**Total**
500
**Expenditure on:**
Raising funds
5
0
Charitable activities
6
2,238
**Total**
2,238
**Net income/expenditure**
(1,738)
**Net Movement in funds**
(1,738)
**Reconciliation of funds**
Total funds brought forward
13
64,203
Total funds carried forward
62,465|**Restricted**
**funds**
**Total funds**
**2021**
**Unrestricted**
**funds**
**£**
**£**
**£**
0
500
0
0
0
0
0
500
0
0
0
0
0
2,238
25
0
2,238
25
0
(1,738)
(25)
0
(1,738)
(25)
19,940
84,143
64,228
19,940
82,405
64,203|**Restricted**
**funds**
**Total funds**
**2020**
**£**
**£**
0
0
0
0
0
0
0
0
9,737
9,762
9,737
9,762
(9,737)
(9,762)
(9,737)
(9,762)
29,677
93,905
19,940
84,143|**Restricted**
**funds**
**Total funds**
**2020**
**£**
**£**
0
0
0
0
0
0
0
0
9,737
9,762
9,737
9,762
(9,737)
(9,762)
(9,737)
(9,762)
29,677
93,905
19,940
84,143|
|---|---|---|---|
||||0|
||||0
9,762|
||||9,762|
||||(9,762)|
||||(9,762)
93,905|
||||84,143|
All income and expenditure derive from continuing operations.
The accompanying accounting policies and notes form an integral part of these financial statements.
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Balance sheet For the year ended 31 December 2021**
|**Note**
**Current assets**
Debtors
10
Cash at bank and in hand
**Creditors – amounts falling due**
**within one year**
11
**Net current assets**
**Net assets**
**Funds**
Unrestricted funds
13
Restricted funds
14|**2021**
**£**
**£**
0
94,365
94,365
(11,960)
82,405
82,405
62,465
19,940
82,05|**2020**
**£**
**£**
0
93,880|
|---|---|---|
|||93,880
(9,737)|
|||84,143|
|||84,143|
|||64,203
19,940|
|||84,143|
The financial statements were approved by the Trustees on 13th October 2022 2022.
………………………………….. Trustee
The accompanying accounting policies and notes form an integral part of these financial statements. Charity registration number – 1157610
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Principal accounting policies For the year ended 31 December 2021**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1**
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: 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) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The British Eventing Support Trust 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 note.
There are no material uncertainties about the charity’s ability to continue as a going concern.
## **1.2 Income**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income, the receipt is probable, and can be measured reliably.
Voluntary income is received by way of donations. Donations are included in full in the statement of financial activities when received. Grants receivable that contain performance related conditions will be recognised as income when the performance related conditions have been met.
## **1.3**
## **Expenditure**
Costs of generating funds comprise the costs associated with attracting voluntary and investment income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its charitable activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, as set out in Note 7.
## **1.4 Assets**
Assets are recognised when there is a legal and constructive obligation.
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
**Principal accounting policies (continued) For the year ended 31 December 2021**
## **1.5 Liabilities**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **1.6**
## **Taxation**
The Trust as a charity is not liable for assessment to tax on its income and gains to the extent that they are applied to its charitable objectives.
## **1.7**
## **Fund accounting**
Unrestricted funds comprise accumulated surpluses and deficits on the general fund and designated funds. They are available for use at the discretion of the Board of Trustees in furtherance of the Foundation’s general charitable objectives.
Designated funds are those funds designated for particular purposes or projects at the discretion of the Board of Trustees.
Restricted funds are created when income is received which has a restriction placed upon its use by the donor.
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Notes to the financial statements For the period ended 31 December 2021**
## **2. Donations and legacies**
|**haritable activities income**
**Total**
Donations income
**Total voluntary income**|**Unrestricted**
**funds**
**£**
**Unrestricted**
**funds**
**£**
0
500
500||**Restricted**
**funds**
**£**
**Restricted**
**funds**
**£**
0
0
0||**Total funds**
**2021**
**£**
**Total funds**
**2021**
**£**
0
500
500||**Total funds**
**2020**
0|
|---|---|---|---|---|---|---|---|
||||||||0|
||||||||**Total funds**
**2020**
**£**|
||||||||0|
## **3. Charitable activities income**
## **4.**
## **Total income**
No income was attributable to geographical markets outside the United Kingdom.
## **5. Cost of raising funds**
|**ost of raising funds**||||
|---|---|---|---|
|**Unrestricted**
**funds**
**£**
**Total**
0|**Restricted**
**funds**
**£**
0|**Total funds**
**2020**
**£**
0|**Total funds**
**2019**
**£**|
||||0|
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Notes to the financial statements (continued) For the period ended 31 December 2021**
## **6. Charitable activities expenses**
|**Unrestricted**
**funds**
**£**
Fees paid for medical support
750
Website Development
398
Equine Vision Research
Support costs (Note 7)
1,090
**Total**
2,238|**Restricted**
**funds**
**£**
0
0|**Total funds**
**2021**
**£**
750
398
1,090
2,238|**Total funds**
**2020**
**£**
9,737
25|
|---|---|---|---|
||||9,762|
Costs that are allocated on a “Direct” basis are charged directly to the project or programme to which they relate; no apportionment of those costs is required.
## **7. Analysis of support costs**
|Administrative Fees
Bank charges
**Total**
Basis of allocation|**Governance**
**£**
15
15
Indirect|**Human**
**Resources**
**£**
1,075
0
1,075|**Total**
**2021**
**£**
1,075
15
1,090
Indirect|**Total**
**2020**
**£**
25|
|---|---|---|---|---|
|||||25|
|||||Indirect|
## **8. Employees**
|**2021**
**£**
0|**2020**
**£**|
|---|---|
||0|
## **9. Payments to trustees and connected persons**
The Trustees, who are also directors of the Charity, are not entitled to receive any remuneration from the Charity. No expenses were paid to Trustees during the year.
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Notes to the financial statements (continued) For the period ended 31 December 2021**
|**10.**
**Debtors**
Prepayments
Other debtors
**11.**
**Creditors: amounts falling due within one year**
Other creditors
**12.**
**Deferred income**
Deferred income at start of year
Deferred income carried forward
**13.**
**Fund movement summary**
**Unrestricted**
**funds**
**£**
At 1 January 2020
64,203
Incoming resources
500
Expenditure
(2,238)
At 31 December 2020
62,465|**Restricted**
**funds**
**£**
19,940
0
0||**2021**
**£**
0
0
0
**2021**
**£**
11,960
11,960
0
0
**Total funds**
**2021**
**£**
84,143
500
(2,238)
82,405||**2020**
**£**
0
0
0
**2020**
**£**
110,237
110,237
**Total funds**
**2020**
**£**
93,905
0
(9,762)|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
|||||||
|||||||
|||||||
||19,940||||84,143|
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DocuSign Envelope ID: 76C755EE-8F59-476D-BE8E-840AEC93D230
## **British Eventing Support Trust**
## **Notes to the financial statements (continued) For the period ended 31 December 2021**
## **14. Restricted funds**
|Bill Thompson Fund
Safety Innovation Prize
Frangible Device Testing|**Balance at**
**1 January**
**2021**
**£**
12,526
5,414
2,000
19,940|**Incoming**
**£**
-
-
-
0|**Balance at**
**31 December**
**Outgoing**
**2021**
**£**
**£**
-
12,526
-
5,414
-
2,000
-
19,940|**Balance at**
**31 December**
**Outgoing**
**2021**
**£**
**£**
-
12,526
-
5,414
-
2,000
-
19,940|
|---|---|---|---|---|
|||||19,940|
The principal purposes for the above restricted funds are as follows:
## **Bill Thompson Fund**
For the training and education of cross country course builders and designers.
## **Safety Innovation Prize**
For the encouragement of safety initiatives to reduce the risk of serious injury to horse or rider.
## **Frangible Device Testing**
For the testing of frangible device technologies for improving risk management in the course design and build of cross country courses.
## **15. Analysis of net assets between fund**
|**Unrestricted**
**fund**
**£**
Current assets
74,425
Current liabilities
(11,960)
62,465|**Restricted**
**fund**
**£**
19,940
-
19.940|**Total fund**
**2021**
**£**
94,365
(11,960)
82,405|**Total fund**
**2020**
**£**
93,880
(9,737)|
|---|---|---|---|
||||84,143|
## **16. Related party transactions**
British Eventing Limited is related by two common trustees/directors. At the year end £11,960 was owed to British Eventing Limited, shown as other creditors above (2020: £9,737).
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