|Refemnce and Administrative
Details|Refemnce and Administrative
Details||||
|---|---|---|---|---|
|Chsuman's
Rcport|||||
|Repen of Ute Trustees||3|to|11|
|Repmt ofthe Independent
Audhors||12|tc|14|
|Statetncnt ofPituutciul|Activtues||||
|Iistancc Sheet|||16||
|Cash Plow Statement|||17||
|Notes to the Cash Flow Statement|||lg||
|Notes to the Futsucial|Statemenm|19|10|29|
|Detailed Slatement of|Financial Activities|30|to|31|
##
|||||||
|---|---|---|---|---|---|
|TRUSTEES|Lyn Ashley President|||||
||Graham Bryant|||||
||Colin Brooks (removed|||10.10.2023)||
||Daniel Hawley|||||
||Bruce Strugnell||Chair|||
||Pau!Bishopp Vice Chair|||||
||Ho))y Saunders||(resigned||12.7.2022)|
||Alan Cufley (msigned|||13.11.2023)||
||Deborsh Hodson|||||
||Stuart Seagrove|||||
||Elizabeth Westo||n|||
||Bi)lSainsbury|(appointed|||19.10.2022)|
|PRINCIPAL ADDRESS|Port Parbrook|||||
||Peter Ashley Lane|||||
||Portulown
Hill||Road|||
||Portsmouth|||||
||PO6 1B)|||||
|REGISTERED CHARITY|1)62650|||||
|NUMBER||||||
|AUDITORS|JWRAudit Lunited|||||
||Statutory Auditor|||||
||24 Picton House|||||
||Hussar Court|||||
||Waterlooville|||||
||Hampslure|||||
||PO7 7SQ|||||
|BANKERS|NatWest|||||
||69-73High Street|||||
||Cesium|||||
||PO6 3DA|||||
|SOLICITORS|Coffin Mew Solicitors|||||
||1000Lakeside||North Harbour|||
||Wesrern Road|||||
||Portsmouth|||||
||PO6 3EN|||||
|ACCOUNTANTS|Msxnnus
Accountancy||||Services Limited|
||47 Kensington||Road|||
||Cldchester|||||
||West Sussex|||||
||PO197XS|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||Unreslrict|d|Resiricled|Toad|Total|
|||||fund||funds|funds|funds|
||||Notes|||f||6|
|INCOME AND ENDOWMENTS FROM|||||||||
|Donations
and legacies||||5296||98 l94|103,790|290,390|
|Charitable
activities|||||||||
|Leisure||||329378|||329,278|189,324|
|Equeslrimt||||214,651|||214,651|231,563|
|Other trading acliviti||s||302.388|||302,388|285,394|
|In&estment income||||550||90|640|23|
|Total||||a52,163||)8,58el|950.747|996,694|
|EXPENDITURE ON|||||||||
|Raising funds||||8,696|||8.694|1,226|
|Charitable
activities|||7||||||
|Leisure||||207,031|||207,031|163R93|
|Equcsnian||||226,573|||226 573|198,958|
|Administration||||105,357|||105,357|94,023|
|Building costs
Finance costs||||283,829
~24632||Iil7,842|431,671
~24 632|4S0412
I 9 125|
|Total||||856
I IS||147,842|I.003ufal|"if,81|
|NET INCOME/(EXPENDITURE)
Transfers between fuads|||17|(3,955)
~34 005||(49,258)
~34,005)|(53813)|39,857|
|Nct movement
in funds||||30,050||(83,263)|(53,213)|39,857|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought|forward|||223,801||94,528|318,329|278,472|
|TOTAL FUNDS CARRIED FORWARD||||||||318329|
|~lml'ukci'3
hlci
tmtcit) i'coll rc'lit
tcacef um
1 tie
"tiyt||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||Unrestricted|Restricted|Total|Total|
||Notes|1'und|funds
8|funds|ftuslsI|
|FIKEDASSETS||||||
|Tangible assets||298,072||298,072|161,787|
|CURRENT ASSETS||||||
|Debtors|13|79,098||79,098|65,860|
|Cash at bank||83,349|19,429|102,778|316,032|
|||162,447|192129|181,876|381,$92|
|CREDITORS||||||
|Amounts
falling due within one year|14|(154205)|(8,164)|(162,369)|(225,350)|
|NET CURRENT ASSETS||~842|11.265|~19507|156,542|
|TOTAL ASSETSLESS~||||||
|LIABILITIES||306,314|11,265|317,579|31$,329|
|CREDITORS||||||
|Amounts
falling due after mom than one year|15|(52,463)||(52,463)||
|NET ASSETS||'. Spt|11,265|Iai.I I t|. I8.12u|
|FUNDS|17|||||
|Unrestricted
funds||||253,851|223Fn I|
|Restricted funds||||11,265|wl.528|
|TOTAL FUNDS||||265316|318329|
|TLliJ'uter 4» tel
Lctu III i|TLliJ'uter 4» tel
Lctu III i|.cillr c lit|||||
|---|---|---|---|---|---|---|
|I'
'vie||"01|||||
||||||2023|2022|
|||||Notes||6|
|Cath flows from operating||scflvtfles|||||
|Cash generated
fmm operations|||||~110120)|~)82 883|
|Net cash (used in)/provided||by operating||sctiv iues|{110.120)|~l82 883|
|Cash flows fram investing||activities|||||
|Ptuchssa oftangible fixed assets
Raleoftangible fixed assets
Interest received|||||(187,576)
18250
640|(43,308)
2,000
23|
|Net cash used in investing|activities||||1 1(m t xo)|~41 285)|
|Cash tlows from financing||activities|||||
|Capital repayments
in year|||||~65 552|~16,376)|
|Net cash provided by((used||in) fmcnchtg||eclivities|65552|~16376)|
|Change in cash and cash|equivalents||ia the||||
|reportiag pertod|||||(213254)|125222|
|Cash sad cash equivalents||at the beginning|||||
|ofthe reportiag
period|||||~316032|150810|
|Cash aad sash equtva)eats||st the end||ofthe|||
|reporting
period|||||102.778|316032|
|RECONCILIATION|RECONCILIATION|OFNRT (EXPENDITURE)/INCOME|OFNRT (EXPENDITURE)/INCOME|OFNRT (EXPENDITURE)/INCOME|TONRT CASH|FLOW FROM|OPERATING|OPERATING|
|---|---|---|---|---|---|---|---|---|
|ACTIVITIES|||||||||
|||||||2023
f||2022f|
|Nei (expenditure)/income|||for the reporting|period (asper the Statemeat|||||
|ofFlnancbtl
Aralvlfles)||||||{53,213)||39,857|
|Adjustmeats
for:|||||||||
|Depreciation
chmges||||||38329||35,098|
|(Profit)/loss
on disposal offixed assets||||||(5288)||1,974|
|Interest received||||||(640)||(23)|
|Increase m debtors||||||((3»I38)||(20/12)|
|(Decrease)/increase|in|credi(ors||||(7(i.li 0)||(2». I89|
|Net cash (used ln)/provided|||by operations|||t lti I?1'I||I82 gat|
|ANALYSIS OF' CHANGES IN NET FUNDS|||||||||
||||||A(1.4.22|Cashflow||A131.3.23|
|||||||f.||8|
|Nst cash|||||||||
|Cash at bank|||||||||
||||||:16012|~213/54||1((L778|
|Debt|||||||||
|Finance leases|||||i5.35v, t|~65,5521||t7(,(t ( tt I|
||||||I?458(|(e5.512)||(7t.(il(fl|
|Total|||||~Itl. 74|('fr,dtlo)||-l.704|
##
##
##
##
##
##
##
##
##
##
##
##
||||2023
f,|2022f|
|---|---|---|---|---|
|Histonc England
Portsmouth
City|Council||26,465
"9,827|241,661
3,000|
|Other|||2,705|3,000|
|Riding for the Dtsabled Assuciation||||1,000|
|Retail Hos1ritality||and Leistue Grant||4,000|
|Local Resirictions||Support Grant||24,000|
|Coronavirus
Job||Retention Scheme||2,699|
|Rural Payments|Agency||27 900||
||||~96 897|~279 360|
##
##
|||2023|2022|
|---|---|---|---|
|||6||
|Adult leisure||25,514|13,231|
|Catering income||1210|2,153|
|Adult riding||77,969|62,119|
|Miscellaneous|income - leisure|11,883|3,116|
|Mncellaneous|income - equestrian|12,131|16,163|
|Rental inconte|- Purbrook|66,881|78,307|
|Rental income|—Widtey|~106800|~ll0 305|
|||~302 388|285 394|
|IN5GISTMENT INCOME||||
|||2023|2022|
|||6|6|
|Deposit account interest||640|23|
|:
'AJ":"'"»'
tc!' nuuclal
Suscii'
I '. r citiacc I
c .i Jml tl March2i It|:
'AJ":"'"»'
tc!' nuuclal
Suscii'
I '. r citiacc I
c .i Jml tl March2i It|||
|---|---|---|---|
|INCOME ltROM CHARITABLE
AC ITVITIS S||||
|||2023|2022|
||Activity|E|E|
|Youth 1ainus activities|Leisure|168,995|14320I|
|Youth rental|Leisure|160283|46,123|
|Youdt riding|Equestrian|214651|~231 63|
|||~543929|420,887|
|Other trading activities||||
|---|---|---|---|
|||2023I|2022
E|
|||8.696|~126|
|CHARITABLE ACTIVITIES COSTS||||
|||Support||
||Direct|costs (see||
||Costs|note 8)|Totals|
||E|E||
|Leisure|207,031||207.031|
|Equestrian
Administration|226,573
12,408|92,949|226,573
105,357|
|Being costs
pinancc costs|2,457|429,214
24,632|431,671
24.632|
|||ddtcjc5|mls s(4|
|SI3PPORT COSTS||||
|||Governance||
||Management|costs
I|Totals
f|
|Administration|92,949||92,949|
|Building costs|429214||429414|
|Finance costs|20,492|4 140|24l 632|
||'::l7(&r5|~4340|546795|
##
##
##
##
##
##
|Trustees'
expcnscs|||||||
|---|---|---|---|---|---|---|
||||||2023I|2022
f.|
|Trustees'
expellscs|||||1440|~1409|
|No trustees were reimburmi||for any expenses during||thc year or during the prior yenr.|||
|STAFF COSTS|||||||
||||||2023|2022I|
|Wages and mlaries|||||479,636|419,202|
|Social security costs|||||36.291|27,831|
|Other pension costs|||||~8565|6 946|
||||||52,l 492|453,979|
|The average mon6ily|number|ofemployees|dming the year was as fogows:||||
||||||2023|2022|
|Leisure|||||11|9|
|Equestrian|||||13|10|
|Management|||||6|6|
||||||30|25|
##
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||fundI|funds
f|funds
f.|
|INCOME|AND ENDOW MENTS FROM|||||
|Donauons|snd legacies||40,561|249,829|290,390|
|Charitable|activities|||||
|Leisure|||189,324||189,324|
|Equestrian|||231,563||231,563|
|Other trading activities|||285,394||285,394|
|investment|income||19||23|
|Total|||746,861|249,833|996,694|
|||Page 23|||conunued.
.|
|11.|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVmES - coatinued|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVmES - coatinued|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVmES - coatinued|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVmES - coatinued||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||ftnui|funds|funds|
||||8||6|
||EXPENDITURE ON|||||
||Raising funds||)226||1226|
||Charitable
activities|||||
||Leisure||161,301|1,992|163293|
||Bquestrian||198,243|715|198858|
||Administration||94,023||94,023|
||Bwldiug costs||270,864|209348|480212|
||Finance casts||~19125||~19125|
||Total||744.782|~212 055|t)56S37|
||NET INCOME||2,'079|37,778|39.857|
||Transfers benvccn funds||129.162)|29 162||
||Nct movement
ln funds||(27,083)|66,940|39,857|
||RECONCILIATION|OFFUNDS||||
||Total funds brcug)tt forwerd||250,884|27,588|278,472|
||TOTAL FUNDS CARRIED FORWARD||223.801|94.52S|.1832u|
##
||Improvcmcnts||Fixtures|||
|---|---|---|---|---|---|
||to|Plaut and|and|Motor||
||property
E|machinery
f|ftunBs
f|vehicles
E|Totals
E|
|COST||||||
|At 1 Apdl 2022|215464|63,661|26,669|36,737|342„531|
|Additions
1)isposals|85567|27,514
~5.100|15,390|59,105
~23778)|187,576
~8.8781|
|At 31March 2023|301,031|86,075|42 059|~72 064|~501 229|
|DEPRECIATION||||||
|Al I April 2022|126400|16.434|14,538|23,572|180,744|
|Charge for year|26,173|5,366|3,653|3,137|3$,329|
|Eliminated
on disposal||||~15916)|(15916)|
|At31March 2023|~152373|21 800|18 lot|~)0793|~203 157|
|NET BOOK VALUE||||||
|At31 March2023|148.658|64275|23.$68|~61 271|298,072|
|At31 March2022|I0626 I|47327|12,131|13.165|161,787|
##
##
|DEB|TORS.' AMOUNTS FALLING DUE VITIH|IN ONE YEAR||
|---|---|---|---|
|||2023|2022|
|||E|f|
|Trode|debtors|55,942|36,741|
|Other|debtors|23 156|~29 119|
|||79098|~65 860|
||2023|2022|
|---|---|---|
||E|f|
|Hire purchase (see note 16)|18,547|5,458|
|Trade creditors|29.137|48,014|
|Tave(ion and social security|7,843|6,514|
|Other creditors|106,842|~165 364|
||162.369|225,350|
##
##
|||||2023
f,|2022
f|
|---|---|---|---|---|---|
|Hire purchase (sce note 16)||||52,463||
|LEASING AGREEMENTS||||||
|Mnimum|lease|payments|fall due as follows:|||
|||||Hire purchase contracts||
|||||2023|2022|
|||||f|f,|
|Net obligations||repayable:||||
|Within one year||||1t!,547|5,458|
|Between|one aud five years|||52N63||
|||||71,010|5,458|
|||||Non-cancellable|operatiug|
|||||lenses||
|||||2023|2022|
||||||f|
|Within one year||||6,191|6,191|
|Between|one and five years|||~16 00|~22 391|
|||||~22 391|28 582|
##
##
##
##
|||||Net|Tretlsfcts||
|---|---|---|---|---|---|---|
|||||movement|bettveen|At|
||||At 1.4.12
f|in funds
6|funds|31.3.23
6|
|Unrestricted
funds|||||||
|General fund|||223,801|(3,955)|34,005|253,851|
|Restricted tbndh|||||||
|Riding forDisabled|Puuti||14,155|7,302|(12,919)|8,53$|
|Historic Forts Conservation||Fund|79373|(58,387)|(20,886)||
|Lottery Community|Fund||1,100||(200)|900|
|Holiday Activities Fund||||I R27||1,827|
||||94,528|( itA258)|~34,tttl5 )|11,265|
|TOTAL FUNDS|||318.329|~43.i I3||~265 116|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||6|6|6|
|Unrestricted
funds|||||
|General fuad||852,163|(856,118)|(3,955)|
|Restricted iuuds|||||
|Riding forDisabled Fund||7,302||7,3(Q|
|Historic Forts Conservation
Holiday Activities Fund|Puad|89,455
~1$27|(147,842)|l58.387}
1,827|
|||'IRNR4|I Lt7.812)|I-I'!25$1|
|TOTAL FUNDS|||I l,I)it
ut'll}||
##
##
##
||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
||||At 1.4 21||in funds|fimds|313.22|
||||I||I||f.|
|Unrestricted
funds||||||||
|General hmd|||250,884||2,079|(29,162)|223,801|
|Restricted funds||||||||
|Riding tor Disabled|Fund||5,987||8.168||14,155|
|Himoric Forts Conservation||Fund|||40.773|38,500|79,273|
|NanonclHeritage
Timeline||Fuud|7,479||(7,479)|||
|Lord Mayor's I'ural|2020|||730|(730)|||
|Horse Welfare Fund||||350|(350)|||
|Lottery Community|I'und||9,400|||(8,300)|1.100|
|Piubrook
Stock Pencing
Sport En Iisul|||977
2.665||(977)
~1.627)|Il,ii:I8)||
||||27,588||37,778|29.162|94,518|
|TOTAL FUNDS|||278,472||39,8i7|-|318329|
|Comparative
net movement||in funds, meluded m the above are as follows:||||||
||||||Incoming|Resources|Movement|
||||||resources
I|expended
6|in frmds
6|
|Unrestricted
funds||||||||
|General fiuid|||||746,861|(744,782)|2,079|
|Restricted
fund~||||||||
|Riding for Disabled|Fund||||8,168||8,168|
|Historic Ports Conservation||Fund|||241,665|(200,891)|40,773|
|National Heritage Timeline||Fund||||(7,479)|(7,479)|
|Lard Mayor's Fund|2020|||||(730)|(730)|
|Horse Welfare Fuml||||||(350)|(350)|
|Purbrook Stock Fencing||||||(977)|(977)|
|Sport Ergland||||||II,627)|(1.627)|
||||||249,833|~212,055|37,778|
|TOTAL FUNDS|||||994,(94|i)St,f37)|39,857|
##
##
##
|Desations snd|legacies|legacies|
|---|---|---|
|Donations|||
|Grants|||
|Other trading|scttvities||
|Adult leisure|||
|Catering income|||
|Adult riding|||
|Mscelltmeous|income - lcisme||
|lvfiscellaneous|income - tuiuestrian||
|Rental iacome|-|Purbtook|
|Rental income|-|Widley|
|Investment
income|||
|Deposit account||Iummst|
|Charitable
activities|||
|Youth leisaie sr||tivilies|
|Youth rental|||
|Youth riding|||
|Tats 1 incoming||resources|
|Other trading|activities||
|Purchases|||
|Catering
costs|||
|Charitable
activities|||
|Wages|||
|Social security|||
|Pensions|||
|Utilities|||
|Canied forward|||
|2023|2022|
|---|---|
||8|
|6,893
~96897|11,030
279,360|
|103,790|290,390|
|25,514|13,231|
|1210|2.153|
|77,969|62,119|
|11,883|3,116|
|12,131|16,163|
|66,881|78,307|
|106,800|110305|
|302,388|285 3r94|
||23|
|168,995|143301|
|160483|46,123|
|214 651|231563|
|543.929|420.887|
|950,7'I'?|996,694|
|297|120|
|8,3o9|I 10(i|
|8,696|I 12(i|
|261,512|233,708|
|17,639|13,222|
|4,099|3,268|
|30,887|24,476|
|314,137|274,6'74|
|il dgmiomeoi
o|Fi|Fi|s|nl|nl|ctiv itci|||
|---|---|---|---|---|---|---|---|---|
||||||0"'1||||
||||||||2023
6|2022f|
|Charitable
aciivitles|||||||||
|Brought forward|||||||314,137|274,674|
|insurance|||||||10,905|9,596|
|Advertising,
stationery
Leimre expenses
Equestrian
expenses||and computer nxpenses|||||12,408
27,739
51458|8305
22,782
49.011|
|Residential
catering costs
(profit)qoss on disposal oftan||||||ible fixed assets|37,310
,Zgh)|13,632
1,974|
||||||||448,469|379,874|
|Support costs|||||||||
|Management|||||||||
|Wages
Social security|||||||218,124
18,652|185,494
14,609|
|Pensiorn
USiltier|||||||4,466
37,400|3,678
54,087|
|Maintenance|||||||200~3|256,405|
|Health and safety|||||||3,564|3.053|
|Payroll snd accountancy
Bank and credit card
Legal and consultancy
fees
Bad debts
Depreciation oftaagible aud|||||heritage assets||4,812
6,622
9338
1/25
~38329|1,551
5,435
11,630
288
35098|
||||||||542,655|571,328|
|Governance
costs|||||||||
|Tlllstccs cxpctlscs|||||||1,440|1,409|
|Auditom'
remuneration|||||||2.70I1|3000|
||||||||1.140|rt 409|
|Total resources expended|||||||I tt03 &Jdti|956,837|
|fist (expenditnre)/income|||||||f53213)|'9.8o7|