Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
Charity registration number 1158714 (England and Wales)
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Jane Miles Margaret Lee Dean Hollisey Pat Glover Kelly James Fleur Mithell Amy Northwood Lynn Soulsby
Charity number (England and Wales)
1158714
Independent examiner
M J Bushell Audit LLP 8 High Street Brentwood Essex CM14 4AB
Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 14 |
Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
TRUSTEES REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their annual report and financial statements for the year ended 30 September 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
Public benefit
The charity’s objects are to relieve the needs of people suffering from a range of disabilities including cerebral palsy, Down syndrome, development delay, spinal cord injury, autism, learning disabilities and mental health disorders, through facilitating hippotherapy and associated equine based therapies and rehabilitation techniques.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
A comprehensive programme of therapy sessions were delivered over the year equating approximately to :
375 Hippotherapy Sessions
35 Equine Assisted Therapy Sessions
2376 Riding for the Disabled Therapeutic riding Sessions
51 ASDAN Sessions
15 Carriage Driving Sessions
We also installed our new office block and can now offer the coaches and volunteers a room in which they can prepare, have meetings and take breaks.
Financial review
The main source of income is in the form of donations and client fees. The trustees also undertake fundraising in the year through events. The trust finances are monitored during the year and accounts presented to the committee.
Income over the 12 months to 30 September 2024 was made up of £137,842 of therapy receipts, £8,955 of unrestricted donations plus £9,933 income from fundraising events. There was also £2,900 of restricted donations received in this financial year.
Expenditure for the year totalled £159,155.
Income tax recoverable in relation to donation received under Gift Aid or deeds of covenant is recognised at the time of the donation.
The charity has reserves of £140,169 to carry forward as at 30 September 2024. These funds are to be used for future activities of the charity in line with achieving its objectives.
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Structure, governance and management
The charity (referred to as REACH in these accounts) was established by a Constitution of a Charitable Incorporated Organisation (CIO) on 25 September 2014.
The trustees who served during the year and up to the date of signature of the financial statements were: Jane Miles
Margaret Lee Dean Hollisey Pat Glover Kelly James Fleur Mithell Amy Northwood Lynn Soulsby
Recruitment and appointment of trustees
New trustees are proposed and appointed at Trustee Committee meetings. At every annual general meeting of the members of the CIO, one third of the charity trustees shall retire from office. The charity trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. The number of trustees shall never be less than three or more than twelve.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
Organisational structure
The organisational structure of the charity is one in which decision of the members of the CIO may be taken by a resolution at a general meeting or by written resolution. Such resolutions are passed by a simple majority of votes.
The trustees report was approved by the Board of Trustees.
.............................. GeB5966205D0A3481... by: Jane Miles Trustee
07 March 2025
Date: .............................................
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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
I report to the trustees on my examination of the financial statements of Rehabilitation, Education and Assessment Centre for Hippotherapy (the charity) for the year ended 30 September 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
M J Bushell Audit LLP
8 High Street Brentwood Essex CM14 4AB 27 February 2025 Date: ............................
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 8,955 2,900 Charitable activities 4 138,527 - Other trading activities 5 9,933 - Investments 6 816 - Total income 158,231 2,900 Expenditure on: Raising funds 7 1,105 - Charitable activities 8 155,130 2,920 Total expenditure 156,235 2,920 Net income/(expenditure) 1,996 (20) Transfers between funds 109,396 (109,396) Net movement in funds 10 111,392 (109,416) Reconciliation of funds: Fund balances at 1 October 2023 28,777 109,416 Fund balances at 30 September 2024 140,169 - |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 11,855 53,647 7,946 138,527 83,135 10,998 9,933 - - 816 261 - 161,131 137,043 18,944 1,105 2,251 - 158,050 110,354 3,548 159,155 112,605 3,548 1,976 24,438 15,396 - - - 1,976 24,438 15,396 138,193 4,339 94,020 140,169 28,777 109,416 |
Total 2023 £ 61,593 94,133 - 261 |
|---|---|---|
| 155,987 | ||
| 2,251 113,902 |
||
| 116,153 | ||
| 39,834 - |
||
| 39,834 98,359 |
||
| 138,193 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 14 | 90,614 | 79,700 | ||
| Current assets | |||||
| Debtors | 15 | 4,485 | 1,934 | ||
| Cash at bank and in hand | 47,820 | 57,256 | |||
| 52,305 | 59,190 | ||||
| Creditors: amounts falling due within | 16 | ||||
| one year | (2,750) | (697) | |||
| Net current assets | 49,555 | 58,493 | |||
| Total assets less current liabilities | 140,169 | 138,193 | |||
| The funds of the charity | |||||
| Restricted income funds | 18 | - | 109,416 | ||
| Unrestricted funds | 19 | 140,169 | 28,777 | ||
| 140,169 | 138,193 |
07 March 2025
The financial statements were approved by the trustees on ......................... .............................. GeB5966205D0A3481... by: Jane Miles
Trustee
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 Accounting policies
Charity information
Rehabilitation, Education and Assessment Centre for Hippotherapy is a Charity specialising in Equine Assisted Therapy.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 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 are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Leasehold improvements | 7% straight line |
|---|---|
| Plant and equipment | 20% reducing balance |
| Fixtures and fittings | 20% reducing balance |
| Livestock | 5% straight line |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 8,955 2,900 Income from charitable activities Unrestricted Restricted funds funds 2024 2024 £ £ Charitable activities Services 137,842 - Clothing sales 50 - Other 635 - Grants - - 138,527 - Income from other trading activities Fundraising events Income from investments Interest receivable |
Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 11,855 53,647 7,946 61,593 Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 137,842 81,308 - 81,308 50 265 - 265 635 1,562 - 1,562 - - 10,998 10,998 138,527 83,135 10,998 94,133 Unrestricted Unrestricted funds funds 2024 2023 £ £ 9,933 - Unrestricted Unrestricted funds funds 2024 2023 £ £ 816 261 |
Total 2023 £ 61,593 |
|---|---|---|
| Total 2023 £ 81,308 265 1,562 10,998 |
||
| 94,133 |
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5 Income from other trading activities
-
6 Income from investments
-
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
7 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Fundraising and publicity | ||
| Fundraising costs | 1,105 | 2,251 |
| Expenditure on charitable activities | ||
| Charitable | Charitable | |
| activities | activities | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 81,842 | 43,786 |
| Depreciation and impairment | 12,920 | 9,649 |
| Hippotherapist and therapist costs | 11,458 | 23,815 |
| Blacksmith, horse care and equipment | 9,073 | 6,525 |
| Animal feed and bedding | 12,882 | 9,211 |
| Veterinary costs | 4,807 | 2,538 |
| Purchases | 3,346 | 2,888 |
| 136,328 | 98,412 | |
| Share of support and governance costs (see note 9) | ||
| Support | 21,722 | 15,397 |
| Governance | - | 93 |
| 158,050 | 113,902 | |
| Analysis by fund | ||
| Unrestricted funds | 155,130 | 110,354 |
| Restricted funds | 2,920 | 3,548 |
| 158,050 | 113,902 |
-
8 Expenditure on charitable activities
-
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
9 Support costs allocated to activities
| Staff training Travel costs Premises expenses Telephone Postage, stationery and printing Subscriptions Insurance Sundry expenses Advertising and PR Bank charges Governance costs Repairs and maintenance Fundraising expenses Analysed between: Fundraising Charitable activities 10 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets |
2024 £ 2,636 622 9,103 1,264 1,321 1,529 - 1,167 10 88 - 3,982 1,105 22,827 1,105 21,722 22,827 2024 £ - 12,920 |
2023 £ 405 283 8,056 1,081 871 763 681 179 124 85 93 2,869 2,251 |
|---|---|---|
| 17,741 | ||
| 2,251 15,490 |
||
| 17,741 | ||
| 2023 £ - 9,649 |
11 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| 8 | 12 |
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 12 Employees Employment costs Wages and salaries Other pension costs |
(Continued) 2024 2023 £ £ 81,586 43,786 256 - 81,842 43,786 |
(Continued) 2024 2023 £ £ 81,586 43,786 256 - 81,842 43,786 |
|---|---|---|
| 43,786 |
There were no employees whose annual remuneration was more than £60,000.
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
14 Tangible fixed assets
| Leasehold improvements Plant and equipment Fixtures and fittings Livestock £ £ £ £ Cost At 1 October 2023 46,715 35,229 12,401 9,000 Additions - 20,632 3,202 - At 30 September 2024 46,715 55,861 15,603 9,000 Depreciation and impairment At 1 October 2023 3,270 12,370 7,555 450 Depreciation charged in the year 6,601 5,363 602 354 At 30 September 2024 9,871 17,733 8,157 804 Carrying amount At 30 September 2024 36,844 38,128 7,446 8,196 At 30 September 2023 43,445 22,859 4,846 8,550 15 Debtors 2024 Amounts falling due within one year: £ Trade debtors 4,485 |
Total £ 103,345 23,834 |
|---|---|
| 127,179 | |
| 23,645 12,920 |
|
| 36,565 | |
| 90,614 | |
| 79,700 | |
| 2023 £ 1,934 |
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 16 Creditors: amounts falling due within one year Other taxation and social security Trade creditors Accruals and deferred income 17 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2024 £ 502 1,020 1,228 2,750 2024 £ 256 |
2023 £ 697 - - |
|---|---|---|
| 697 | ||
| 2023 £ - |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 Restricted fund Previous year: At 1 Restricted fund |
October 2023 Incoming resources Resources expended Transfers At 30 September 2024 £ £ £ £ £ 109,416 2,900 (2,920) (109,396) - 109,416 2,900 (2,920) (109,396) - October 2022 Incoming resources Resources expended Transfers At 30 September 2023 £ £ £ £ £ 94,020 18,944 (3,548) - 109,416 |
|---|---|
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Docusign Envelope ID: 8A61EE7A-308C-4989-8D06-FE73EF1B90E6
REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 Previous year: At 1 General funds |
October 2023 Incoming resources Resources expended Transfers At 30 September 2024 £ £ £ £ £ 28,777 158,231 (156,235) 109,396 140,169 October 2022 Incoming resources Resources expended Transfers At 30 September 2023 £ £ £ £ £ 4,339 137,043 (112,605) - 28,777 |
|---|---|
20 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2024 2024 £ £ At 30 September 2024: Tangible assets 90,614 - Current assets/(liabilities) 49,555 - 140,169 - Unrestricted Restricted funds funds 2023 2023 £ £ At 30 September 2023: Tangible assets 79,700 - Current assets/(liabilities) (50,923) 109,416 28,777 109,416 |
Total 2024 £ 90,614 49,555 |
|---|---|
| 140,169 | |
| Total 2023 £ 79,700 58,493 |
|
| 138,193 |
21 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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