Company registration number.. 10089069 Charity registration number.. 1166416 Hannah's Willberry Wonder Pony Charity (A company limited by guaranl8e} Annual Report and Financial Slalements for the Year Ended 31 March 2023
Hannah's Willberry Wonder Pony Charity Contents Trustees. Report 110 10 Refergnce and Adminislralive Details Independent Examinels Report 11 to 12 Slalemenl of Financial Activities 13 Balance Sheet 14 Slalemgnl of Cash Flows 15 Notes lo the Financial Slalemenls 16to23
Hannah's Willberry Wonder Pony Charity Trustees, Report The Iruslees, who are direclors for the purposes of company law, present the annual r¢port together with the financial slalemenls of the charitable company for the year ended 31 Mar¢h 2023. Oble¢tlve$ and actlvltlès Ourpurpose Hannah's Willberry Wonder Pony Charity seeks lo provide a public benefit by. promoting research into the causes, prevention and treatment of bone cancer and other types of ¢an¢er', promoting the health and wellbeing of people with a disability or serious illness.. or, people who are affected by the disability or serious illness of a close family member,. or, people who are suffering from bereavement following the death of a close family member, by providing or assisting in the provision of opportunities lo ride or enjoy other equestrian relaled experittn¢es', and assisting in the treatment and care of people suffering from bone cancer and other types of cancer and to help poople caring for thom. The Charity can provide.. grants lo organisations carrying out r&search into bone cancer. provided that the results of the research funded will be published. In the event that the Charity is not the sole funder of any research then the grant of funding will be subject lo a condition that results of rgsgarch will be published and available for general use., grants to organisalions. individuals and their families to assist those affected by bone canr and other types of cancer: an exp&rience of an gqueslrian nature vla our Wlllberrls Wishes team. making precious memorfes lo treasure forev9r. Background Hannah Francis founded the charity, Hannah's Willbery Wonder Pony in Mar¢h 2016, having been diagnosed with osteosarcoma the year before at just 17 years old. Sh8 wanted lo leave a legacy and help people like her who are affected by a serious illness and wanted the Charity to raise money to fulfil two prin¢ipal objèctiv6s', to fund re5&arch into osleosarcorna and to provide equestrian experiences lo seriously ill people. The Charity went from strength lo strength under Hannah's leadership and has continued lo grow since her passing in August 2016. raising m()re than £2 million to date. The Charity has funded a number of significant research projects as Hannah so dearly wish&d,' she fought so courageously and endured such archaic treatment that she never wanted anyone else lo have to go through this. Hannah lived for her horses and whilst she was ill, she ticked many equine dreams off her bucket list, and gave her the inspiration for 'WillberS Wishes.. The Charity is granting WillberS Wishes ID seriously ill people in the hope that these experiences inspire others in the same way as they did Hannah, bringing a little happiness and hope during the darkest of times. We the Trustees are grateful lo the thousands of people who have helped with donations. fundraising and spreading the word about Hannah's Willberry Wonder Pony Charity. When necessary, the Charity engages the services ol experts lo assist with the running of the Charity bul for the vast majority of the lime il has been run by volunteers, including the Trusl&es, and we are very proud of everyone's efforts in keeping the cost of running the Charity lo a minirnum and thus ensuring maximum funds are available lo apply lo public benefit, however the need for full time staff is continually under review lo ensure the Charity continues lo run efficienuy. With the current cost of living crisis irnpacling many businesses and charities, we are 8sp8¢ially grateful lo our volunteers for the financial protection they give us by giving many hours of (heir lime. as well as opening their homes for meetings and providing storage space for our trading subsidiary's merchandise stock. Page 1
Hannah's Willberry Wonder Pony Charity Trustees, Report Ouractivitigs during 2022/23 and achievements to date We believe that the Charity has provided a public benefit in the following ways.. In our sevgnlh full year as a charty as anticipated funds genoraled were lower than the previous year, £103,613 Iprevious year £140,777) and consequently a deficit of £5,880 was recorded (previous year £6,468 surplus). The fundraising environment ha5 been more challenging in part due lo the impact of the InCaSed cost of liKYng bul we are incredibly grateful for the fabulous fundraising efforts and generous donations from so many of our supporters. We also received gènerous donations from indivlduals. trusts and other chaiilies. The money raised will help lo provide funds to meèt the Charity's long-lerm objectives and provide public benefil in the years to come by helping fund bone cancer research and providing Willberry's Wishes. The trading subsidiary, which sells Willberry branded merchandise and donates all of ils profits (£12,837 in 2022123, previous year £10,121) lo the Charity, has hod another successful year. Demand remained steady for our Berry Ponies and for other items which were also sold at equestrian events including at the Pratoni eventing comp8lilion in Italy and online. The portfolio of branded items offered is consianlly reviewed lo ensure that we keep our followers happy and achieve the best financial outcome. During the year, we have provided a number of Willberry's Wishes lo people who are fighting, or are affected by, serious illness. Spending during the year provlding these experiences amounted lo £8,106 which included.. o A magical day lor a litue girl and her brother on a farm with Hannah's pony, Doris, and her friènd, Teddy the Shetland o A trip lo Blair Castle lo walk the course and meet inlemalional event riders, Pippa Funnell, and Matt Heath o A yard visit lo meet the one and only Valegro o A horse camp with her own horse for Charlolle al Aston Le Walls summtsr camp o A ride on the gallops al NewmaTkel and a lour of the training grounds and jockey rooms, with sincere Ih8nks lo the Jockey Club o A training session and fantastic experiences at Jonty Evans. yard o Two amazing visits to the London International Horse Show, including meeting Father Christmas and a ride on his sleigh o We weie also very pleased lo work with another charity, Sullivan's Heroes. lo help prowde funding for adaptations lo a child's home lo rneel medical needs and improve comfort We are extremely fortunate that many wonderful people in the equestrian community assist us in providing Wishes al no charge to the Charity. sin formation. many Wlshes have been granted and all of these have been very well recewed by the recipients and we Iix)k forward to providing many more. In respe¢l of medical research, we have In place an expert panel lo assist the Trustees in sel&¢ling and analyslng bone cancer research projects. The expert panel is headed by Dr Claire Clarkin. Associate Professor of Developmentsl Biology, Unlversity Df Southampton, and she is very ably assisted by Dr Alice Goring, who compl$led a PhD related to tho sludy of the role of blood vessels in bone diseases, and Ihey both provide critical assistance lo the Charity in managing the medlcal sear¢h investment process. We have continued to meet numerous clinical and academic specialists in the field of osteosarcoma research and have made significant progress in increasing the profile of the Charity in the academic and sdenlific communities, including advertising for PhD studeniships with major universities. We wll be holding an osteosarcoma symposium in London in October 2023 where we will be sharing feedback on the r&search projects currently being funded and our plans for the future. Page 2
Hannah's Willberry Wonder Pony Charity Trustees, Report To date, we have identified and committed lo seven projects from leading English Universities that we are supporting wlh 8 ¢ombined value of up lo £579,608, of whi¢h £92,894 was spent in the financial year. We are confident that in the coming years we will identify projects from other inslilub'ons that will assist in the idenlificalion of the causes, prevention and Irealmenl of bone cancer and other types of cancer. These efforts will by significanuy enhanced by the recent announcement that the Charity will be working logelher with Thg Bone Cancer Research Trust to offer funding of up to £250,000 (£125,000 funded by each charity) lo support projects focused on improving outcomes for osle05arcoma patients. The lead lime for identifying, reviewing, approving, and funding research projecis remains up lo 2 years. The Trustees are very ¢ons¢ious of the need to select prospe¢live research projects carefully and to ensure the Charity's money is invested in a considered and approprlale way. Our Strategy Going Forwards The Trustees continue lo review the strategy of the Charity to ensure that it provides public benefit and has the ability to meet ils objectives. The Trustees are hopeful that income generated in 2023124 will meet our target of £100,000 and this, together with our strong reserves position. will enable us to carry out the Charity's objectives in futuro years. As mentioned above, the Charity has entered into agreements to fund seven research projects. Due lo the impact of Covid-19, several of these projects were partl8lly delayed as access to university laboratory facilities were severely restricted, firstly due lo the lockdown itself and then thè necessary reduction in capacAly lo provide a safe gnvironmenl in which lo work and obseNe social dislanan9 recommendations which occurred post the lockdown. The cost impact of these delays has been minimal. 11 Is shocking lo note that chemotherapy treatment for osteosar¢om8 hasn't changed in the past 30 years and has a limited success rate. The treatment is barbari¢ and causes suffering and horrific side effects. New ways lo fight this devastaling diseas8 are urgently needed. The projects that we are currently funding are listed below.. o The first is with the renowned Department of Oncology and Metsbolism al Sheffield University which runs until the end of 2023, with a total Cost of up lo £227,000. The project can be summarised as follows.. As a result of funding from Willbervs Research, a team comprising a Post-Doctoral Researcher (Luke) and a PhD Student Iviclorial, led by Professor Allie Gartland, is lesling over 5,000 existing drugs and compounds lo assess their effectiveness in killing osteosarcoma ¢ells. The team hopes to id&nlify potentially useful new drugs and pathways to develop more effective Irealmenls to improve patient respY)nses. Because the drugs being screened have already been approved for human use, the identification of new drug candidates could potentially be timelier and reach the clinic In a much shorter time as a result. The main current Iherapeulic approach for osteosarcoma is a combination of meth01xte. docorubicin, asplatin, andlor ifosfamide associated with surgery. Unfortunately, not all patients respond lo thes8 ch8moth8rapy drugs. as their lumour becomes 'chemo-resislant' and their overall 5-year survival rale is drastically reduced. The need for allemalive, more effective Irealmenls lo increase the survival rates of osteosarcoma paliènls is clear. The scientific team being funded by Willberryls Research is using 'High Ihroughpul screening, lor HTSI of compound 'libraries' lo identify whether existing drugs can be used in osteosarcoma. Page 3
Hannah's Willberry Wonder Pony Charity Trustees, Report Excib'ngly, out Df the 4,400 drugs which have been screened so far, 550 have been found to have a negative effect on the growth of osteosarcoma cells Igro¥Mng in a dish) al high doses. o Another of our projtscls is a first fully fundèd PhD sludenlship, based at Middlesex University within the Centre for Investigative & Diagnostic Oncology. The research. led by Dr Helen Roberts (Senior Leclurerl. aims lo unravel the complex cellular and environm&ntal control of how osleosar¢oma. th8 rare type of bone ¢an¢er the Charity is focused on, spreads lo olh8r tissues such as the lungs. For the past 30 years, survival rates in osteosarcoma patients have remained unchanged, partly due lo the lack ol research into why the tumour spreads and what initiates this process. Preclinical and clinical evidence highlights thal ostéosarcoma lumours likely resido In the bonè environment due lo 'proleclive' interactions with bone ce115. It is hypothesised that disruption of these protective interactions Causes the lutnour lo move from the bone lo the lungs in a process called melaslasis. The project is investigating why osteosarcoma tumour5 rllelaslasise lo the lungs and is using cutting edge cell-based assays lo define nol only the role of the bone cells, bul also the lung environment. The project draws on the lissuè engineering experience of Dr Scotl Roberts Isenior Lecturer in Translational Skeletal Rèséarch, RVCI, who has spenl ovèr a decad8 developing laboratory grown IissLJes that ¢an bo used for regenerative medicine and the investigation of disease processes. Here is an update from our researcher.. 'Our project aims lo identify how osteosarcoma cells spread lo other tissues such as the lungs. We have identified spheroid-like structures formed from osteosarwma Cells which we have t6rmed 'Migratory Bodies,. Thèse Migratory Bodies divide, reattach, and express increased gene expression of stem ¢ell mark&rs, suggesting that they contain tLJmour initiating (cancer sleml Cells and are therefore an ideal model for studying how osteosarcoma cells spread lo other tissues. 'We have also looked al the effect of secreted faolors from iwo types of bone Cells on osteosarcoma 11 rnigration. The data show that when osteosarGDma ce11s are cultured with factors secreted by osteoclasts (cells that braak down bonel and me5enchwnal slromal cells IMSCS,. lIS with the unique ability to develop into specialised cell lypesl, Migratory Body formation is suppressgd. Thus. we believe that both MSCS and osteoclasts secrete factors that modulate Migratory Body forrnalion and thus osteosarcoma cell migration. By investigating these findings further. we hope lo understand some of the mechanisms that allow osteosarcoma lo spread lo other lissutts.. o Th8 Charity is also part-funding a PhD student at each of Sheffield and Manchester Universllies and two al the University of Soulhamplon, with a combined funding of £183,000 over 3 y&8rs. All four projects are focussed on Osteosarcoma. o As an example. Hannah was our first PhD sludenl and based al Soulhamplon University. Osleosar¢oma is the most common bone sarcoma in adolescents and has a poor outlook. Novel treatments for this poorly met patient group are clèarly needed but thair development is hampered by the complexity of the disease and the environment in which it grows. Sl8phèn Beers, Janos Kanczler and Juliet Gray are a team of bone and cancor specialists brought together by funding from Willberrfs Research. Hannah is developing 3D models of osteosarcoma lo gain a beller understanding of the inleraclions betsveen the osteosarcoma lumour and its surrounding environment. Osteosarcoma is an incredibly complex typ& of cancer and currently very little is known about the environment in which it grows. With more knowledge, investlgalions into more effective treatments for osteosarcoma will be possible. improving patient responses. Page 4
Hannah's Willberry Wonder Pony Charity Trustees, Report This project focused initially on the drug mifamurtide (also known as Mfypactl which is used in patients, bul lo which not all respond, lo understand how this drug wc>rks and pol8nlially how lo make it work better in more patients. Her Pho is to develop a 3D model of osleosarcorna, which will enable the testing of new drugs and therapies. This is dong by using bone from patients who have had hip replacement surgery and inserting oslgosarcoma cells into these bone cores. These cores are then positionad lo enable blood vessels lo inleracl with the bone. so that osteosarcoma cells remain alive, and the effect of different therapies can be tested. o Another project at Southampton University, with Belle as a PhD sludenl, is focused on the earfy dele¢lion of osteosarcoma, which is $0 important, as we 8re only loo aware how quickly this cancer can spread. The project has been using gome very advanced imaging techniques to look al the libres which are present within osteosarcoma and healthy bone biopsi$s. Bell8 is looking al whether differences in these bone fibres in diseased versus hfyalthy bone might be early indicators for osteosarcoma and a measure of metastasis. Th&re have been some really good images and findings so far and results of this project should be published soon. And our PhD project with Manchester University, which started in October 2019, builds on the success of an earlier two-year research grant funded by thg Charity. Friends of Rosie Children's Canr Research Fund. In common with th& initial project, our project is being led by Dr Katherine Finegan, MRPharmS with Alex, our PhD sludenl. Previous work performed in this lab has found that a protein called ERK5 can promote the progression of osleosarcorna. 11 has also been found that high levels ol the ERK5 prol8in can increase the chances of chemotherapy resistance and the spread of osteosarcoma around the body. Therefore, higher levels of ERKS are linked to a reduced chance of survival in patients. Initial evidence has found that. by removing ERKS, lumour cells and immune cells a no longer able lo communicate with each other. This is really positive data from this lab group as il is the communication between the lumoui cells and the immune cells which allows the cancer to spread around the body. It is currently unknown how this happens, bul rernoving ERK5 has shown to slop the spread of cancer lo the lungs in models of the disease which have been used in the lab. 11 is really important lo fully understand how this happens in order to effectively treat ostoosarcoma and to develop this Irealmenl for patient use in the fLJtLJre. This project aims lo find out exacuy how ERK5 works in the progression of osteosarcoma and determine whether rernoving ERK5 can improvg th8 response lo chemotherapy. This is a promising new avenue for the treatment of osteosarcoma. o In addition, we have a new fully funded PhD project with Kings College London. This is a Ihree-year research project which is taking place under the expert guidance of Professor Agamemnon Grigoriadis. The project is focusing on undersiandlng and preventing the growth of cancer cells In osteosarcoma pationts, as well as looking lo slop the spread of cancer around the body. The abllily of osle05arcom8 lo metastasise 15 what make5 11 so aggressive and therefore focusing the research on this is really important. This project wi15 look al repurposing a preoxisting drLJg, which is currently used lo treat neonatal jaundice, lo block the action of HO-1. HO-1 is a factor which is produced by osleosar¢oma pabènts and prevents the aclivalion of the immune system. By 'kick-starting' th& immune system into action, the project will assess if the chemotherapy drugs are able to fight the cancer and slop il from moving lo other areas of the body. o The Charity is currently in the pro¢ess of preparing for the invitation of further project funding requests from the research community, with the aim of awarding more fully funded PhD projects. Pag8 5
Hannah's Willberry Wonder Pony Charity Trustees, Report o In addition. the trustees are excited lo confirm that the Charity will be working together with The Bone Cancer Research Trust lo offer funding of up lo £250,0001£125,000 funded by each charilyl in the 2024125 a¢ademic year lo support projects focused on improving c)ulcomes for osteosarcoma patients. Trealmgnl for osleosar¢oma has not change(f for several decades and still relies on a cocktail of loxlc ch&molh&rapies. New, targeted treatments, with less immediate and long-term effects are desperately needed lo ensure more patients survivg and thrive aftar Irealmenl. Both charities are commilled lo drive improvements through the funding of high impact, innovative and collaborative research. Funding will be available to researchers andlor clinicians working in an academi¢ or clinical institution in the UK, however, international collaboration will be encouraged where appropriate. 11 is anli¢ipaled that Ihls collaboration will lead lo further research opportunities in future years. In respect of Willberry's INishes, the Charity has a small team of volunteers dedicated to helping organise and provide these eqLJeslrian-rttlated Wishes. Interest is growing and is expected to continue lo do $0, as word has spread about how we can help seriously ill people during their darkest limes by giving them experiences lo look forward lo, whilst making memories for all those involved. We share details of some of the vital Wishes we grant, but other recipients understandably wish lo keep Ihem private. We are immensely grateful for the continuad support of so many people and organisations In the equaslrian world. as this is critical in supporting our ability to provide Willbery's Wishes. WiSlberry's Wishes help5 so rnany people, not only the Wishee bLJt also their families, and we always have a number of Wishes that we are working on. Willberry's Wishes is about making memories, giving people things to look forward lo and lo forget what is happening lo them even rf it is just for a little while. We hope to help lots of people by granling many more Willberry's Wishes. Financial review The following section on Financial Review and Future Developments constitutes the Strategic Report for the purposes of the Companies Act 2006 and the trustees ¢onfimi that they have cornplied with the requirements of section 4 of the Charities Act 201110 have due regard lo the public benefit guidance published by the Charity Commission for England and Wa19S. In ils sixth year of operation. the Charity generated a Ideficily surplus of1£5,8801 (previous year £6,488), all of which were unreslricled funds. The Charity's main source of finance is donations, with a SignifinI contribution also being made from thg trading subsidiary. Reserves pollcy The Trustges of the Charity havo rewewed the Charity's reserves policy in line with the existing commitments and intended future comrnilmenls lo osteosarcoma $arCh, Willberry's Wishes and estimates of future adminislralion costs. Al 31 March 2023, reserves stood al £1,535,3571£1,541,237 in the previous yearl which was substantially more than the amount required to meet these corllmilmenls. These funds are held in low-risk deposit accounts with various financial inslitulions. As previously highlighted, the Charity has committed to date to expenditure on sgven osteosarcoma rosoar¢h projects with a value of £579,608, of which £458,814 has been spent and the balance of £120.794 is committed expenditure over the next 2 years. The Charity is CLJrrently in the process of preparing for the invitation of applications for further project funding requasts from the research communlty, wlth the aim of awarding more fully funded research proj&cls. 11 is anliclpaled that there will be al least 1 new project costing approximately £90.000 lover 3 years) commilled lo in each of the next 5 years. Page 6
Hannah's Willberry Wonder Pony Charity Trustees, Report In addition, as stated above, the Trustees are excited to confirm that the Charity will be working together wlh The Bone Cancer Research Trust lo offer funding ol up lo £250,000 (£125,000 funded by each charilyl in the 2024125 #CadeIC year to support projects focused on improving oulcornes for osteosarcoma patients. 11 is anticipated that this working relationship will directly lead lo further research opportunities in future years with the aim of cornmitting lo al least one new large1£250.0001 proj&ct per year. In addition. the Charity wll continue lo fund WillberS Wishes. Con¢lu$lon The TrLJStees believe that the Charity has, through the kind and generous help of our supporters and volunteers. raised funds that will provide a public benefit in years to come through the funding of bone cancer research and the provision of Willberry's Wishes. Structure* governance and management NatuTr of governing document The company is a registered charity. number 1166416, and was incorporated on 29 March 2016. 11 is governed by the articles and memorandum of association of that dale. The company is limited by guarantee and wthoul a share capital. All Trustees are member5 of the compar)y and guarantee to contribute to the assets of the company, in the event of it being wound up, such amounts as may be required not exceeding £10. Our Trustees The Charity is currently run by 5 Iruslees, including Hannah's parents (Rachel and James Franasl and her grandmother (June Clolhierl. The other two Trustees are lan Pelers, former Financial Controllor of Hanson plc, General Manager of Hanson Europe and Finance Director of Brègdon Aggregates PLC, and Miles Toulson-clarke, a former Main 8oard Director of Williams Lea Group and currently UK CEO of Innovation Group and Dislri¢t Commissioner of the Wye Valley Pony Club. Each of the Trustees gives IheiT b'me freely, both in their roles as Trustees and carrying out day to day tasks in running the Charity. Day lo day activities of the Charity are d61ggatgd to gach of the Trustees on a ftJn¢lional basi5 as follows.. Rachel Francis First point of Contact, Willberry's Wishes, fundraising and research, James Francis Willberry's Wishes, rnedia and communications and research. June Clothier trading subsidiary sales including online and al events and research. Miles Toulson-Clarf(e research and medla and communi¢alions, lan Peters - financ8 and legal. Induction and training of trn$tee$ Before being appointed, a potential new Iruslee is encouraged lo attend a nurnber of Iruslee meetings lo familiarise themselves with the work of the Charity. A newly appointed trustee receives guidance and informal training lo enable them to perform their duties effectively, including governancg and management, an induction to the history and Current adivilies of the Charity, Cod? of conduct and charity ethics. New trustees ale provided with copies of key docurnenls including the Charity's goveming documents, minutes of recent Iruslees, meetings and, once these aTe available, the latest sel of financial statements and trustees, report. Page 7
Hannah's Willberry Wonder Pony Charity Trustees, Report Financial Instruments ObjeGtives and policies The Charity's activities expose il lo a number of financial risks, principally liquidity. The Charlty does not use derivative financial inslrumenls. Llquldlly rlsk ond Interest rate$ The Charity's principal financial assets are bank balances and cash. trade and other receivables. and investments. The credit risk on liquid funds and derivalivo financlal instruments is limited because the counterparties are bank5 with high credil-ralings assigned by international credil-rating agencles. The Charity has deliberately iaken a conservative approach lo investing its available funds durin9 the financia1 year which, given the current inlemalional interest environment, has generated a low rate of return, There is some residu81 risk lo the Charity should inlerest rates turn negative. In order lo maintain liquidity lo ensure that sufficlenl funds are available for ongoing op8ralions and future developments, the Charity has adoptgd a conservative reserves policy. P8ge 8
Hannah's Willberry Wonder Pony Charity Trustees, Report Reference and Administrative Details Trustses J S Clothier J R Francis R Franus l A Peters C T M Toulson-clarke 1166416 Charlty Rgglstratlon Numbar Company R•yl¥tratlon Number 10089069 The charity is incorporated in England and W81è8. Manor Fami Hgmington Radsiock BA3 5XX Reglstered Office Independent Ex•miner Paul Gie5sler FCA Francis Clark LLP Hitchcock Hous8 Hilltop Park Dewzes Road Salisbury SP3 4UF The annual rèport was approved by the trustees of the charity on behalf by.. and signed on ils l A Peltsrs Truste8 Pag8 9
Hannah's Willberry Wonder Pony Charity Trustees, Report Statement of t¥ustses' rèsponslblllttes The trustees (who are also the direclors of Plann8h'5 Wlllbèry Wonder Pony Charity for the purposos of company lawl afe responsible for preparing the Iruslees, ieport and tha financial statem8nts in accordance with applicable law and Unilod Kingdom Accounting StaF)dards (United Kingdom Generally A¢cepled Accounting Praclicel, including FRS 102 "The Financial Reporting Standard applicable in tha UK and Republlc of Ireland.. Company law requires the trust889 to prepa financi81 stat8menls for aach financial y88r. Under company law the trustees rnusl nol approve the ffinanclal stateménts unlgss they ar8 saJsffed that they give a true and lalr view of the slate ol affairs of the charitsble eompany and of the incoming resources and appllcatlon of resourc@s, including ils income and expendituro. of tho charitabje ¢ompany for that period. In preparlng these flnancial statements, th8 trustees 8re requlrÈd lo.. selecl suitable accounllng policies and apply them consislenty.. obs@rvg the mathods and principles in the Charitiès SORP.. make judgements and e51imal@s that ar@ raasonable and prudent., stale whether applicable ac(x)unling 8tanda¥ds. cornprising FRS 102 have been folbwed, sublèct to any material departures disc105ed and èxplained In the finan¥15tateMents,. and prepare the financial siat¢ments on the going concem basis unless it 5$ In8ppropriats to presume that the charitable company wll continue in business. The Irusletrs are responsible for ka8ping proper accounting records that can d18close with reasonable accuracy at any titne the finanaal posltion of the charltable company and énable th8m lo ensure that the finandal statements comply with the Companies A¢t 2006. They are also responsibl& For safeguarding the assets of the chafitabl& company and hence for taking reasonabl8 steps for the prevention and detection of fraud and other Irregularlties. The IIu51ees are responsible for the rnainlenance 8nd integrity of th& wrporalg and financial inforrnalion induded on the Gharitabltr Gompanvs website. Leglslation governing the preparation and dissemlnallon of finan¢iel statements may differ from leglslalion in otherjurisdi¢bon8. Approvod by the trustegs of the chadty on . zl and signed on Its behalf by.. Trustee Paga 10
Hannah's Willberry Wonder Pony Charity Independent Examinerfs Report to the trustees of Hannah's Willberry Wonder Pony Charity ('the Company,) I report lo the charity trustees on my examination of the accounts of tho Company for the year ended 31 March 2023. Responsibilities and basis of report As the charity's Iruslees of the Company land also its directors for the purposes ol company lawl you are responsible for the preparation of the accounts in ac¢ordan¢e with the requirements of the Companies Act 20061.lhe 2006 Act'l. Hawng satlsfied myself that the accounts of the Cornpany are not required to be audilfjd under Part 16 of the 2005 Act and are eligible for independent examination, I report in resped ol my examination of your charity's accounts as carried out under section 145 of the Charities A¢t 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission und&r section 14515llbl ol the 2011 Act An independent examination does not involve gathering all the evidenc¥ that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the accounts present a 'true and fair, view and my report is limited to those specific matlers sel out in the independent examiner's stalemenl. Independent examiner'5 Statement I have completed my examination. I confirm that no matters have come lo my attentlon in connection with the examination giving me cause lo beli&ve'. 1. accounting records were not kept in respect of Hannah's Willberry Wonder Pony Charity as r8quir8d by secllon 386 of the 2006 Act,, or 2. the accounts do not accord with those records,. or 3. the accounts 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. whi¢h 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 lapplicable lo ¢harilies preparing their accounts in a¢cordanc8 wfch the Financlal Reportlng Standard applica9 in the UK and Republic ol Irèland IFRS 10211. I have no wncerns and have come across no other mallers In connection with the examination to which allenlion should be drawn in this report In order lo enable a proper understanding of the accounts lo be reached. Page 11
Hannah's Willberry Wonder Pony Charity Independent Examinerfs Report to the trustees of Hannah's Willberry Wonder Pony Charity ('the Company,) Pau1 Giessler FCA Francis Clark LLP Hllchcock Houso Hilltop Park Devizes Road Salisbury SP3 4UF Date.. 10 October 2023 Pago 12
Hannah's Willberry Wonder Pony Charity Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2023 Note Incomè and Endowments from: Donations and legacies Investment income 91,346 12,267 91.346 12,267 Total income 103.613 103,613 Expenditure on.. Charitable ath"vilies 109.493 1109,493 Total exp&ndilure 1109,4931 1109,4931 Net expendTture Nel movement in funds 15.8801 15,8801 15,8801 15.8801 Reconciliation of funds Total funds brought forward 1,541.237 1,541,237 Total funds carried forward 1,535,357 1,535,357 Unrèstricted funds Total 2Q22 Note Income and Endowm•nts from.. Donations and legacies Investment income 135,676 S,101 135,676 5,101 Total incorne 140,777 140,777 Expenditure on: Charitable activities 134,309 1134.309 Total expenditure 1134.309 134.309 Net ncome 6,468 6,488 Net movement in funds 6,468 6,468 Raconclliatlon of funds Total funds brought forward 1,534,769 1,534,769 Total funds carried fotward 1,541,237 1,541,237 All of the charity's acliwlias derive from continuing operations during th8 above two periods. The funds breakdown for 2022 is shown in note 15. The notes on pages 16 to 23 fom an integral part of these financlal statements. Page 13
Hannah's Willberry Wonder Pony Charlty (Registration number: 10089069) Balance Sheet as at 31 March 2023 2023 2022 Nots Fixed assets Investments Current assets Debiors Cash al bank and in hand io 12.837 1.543,324 20.121 1,524,115 1.544,236 1.556.161 Cr•dltors: Amounts falllng due withln one year Net ¢urrent assèts 12 20,8051 3,000 1,535,356 1,535.357 1.541,236 N•t assets 1.547,237 Funds ofthg char5ty: Unr•$trfcted Income funds Unrestricted fvnds 1,535,357 1,535,357 1.541.237 Total fvnds 1S 1.541,237 For the financkql year ending 31 March 2023 the charity was entiued to exemption from audll under section 477 of the Companies Act 2006 relating to small companies. Dlrectors, responslbllities-. The membèrs have not required tho tharty to obtaln an audll of S accounts for tha year in question in accordance with se¢tion 476.. and The dlrectors ackno4&dg their responsibilities for complylng wilh the requirem&nl$ of the Act with respect to accounting records and the preparab.on of accounts. nc I statements on page5 13 to 23 were approved by the twstees, and authorised for Sssue 13 and signed on their bghalf by.. on. ij).. ters Tnjsteo The notè5 on pag88 16 10 23 form an integr21 part of thesg finarKLql $¢atom8nt5. Page 14
Hannah's Willberry Wonder Pony Charity Statement of Cash Flows for the Year Ended 31 March 2023 2023 2022 Note Cash flows from operatlng actlvlties Nel cash lexpendilurellincome 15,8801 6.468 Adjustments to cash flows from non-cash items Investment income 112,2671 118.1471 5,101 1.367 Working capital adJuslment$ Decrease in debtors Increaselldecraasèl in Creditors 10 12 7,284 17,805 1,559 19,9401 Nel cash flows from opgrating aclivilles 6,942 17.0141 Cash flow$ from investing activities Interest receivable and similar income 12,267 5,101 Nel increasel{decreasel in cash and cash equivalents Cash and cash equivalents al 1 April 19,209 11,9131 1,526,028 1,524,115 Cash and cash equivalents al 31 March 1,543,324 1,524,115 All of the cash flows are derived from ¢onlinuing operations during the above two periods. Th8 not85 On P8g8s 16 to 23 fomi an integral part of Ih8se firi8n¢ial ststements. Page 15
Hannah's Willberry Wonder Pony Charity Notes to the Financial Statements for the Year Ended 31 March 2023 1 Charity status The charity is limited by guarantea, incorporated in England and Wales, and consequently does not have share capital. Each ()f the Iruslees is liable lo contribute an amount not exeding £10 towards the asséts of the charity in the event of liquidation. The address of ils registered office is= Manor Farm Hemington Radsto¢k 8A3 5XX 2 Accounting policies Summary of slgnrflcant a¢¢ountlng policies and key accountlng estimates The principal accounting policies applied in the pieparation of these financial stalem&nls are sèt out below. Thes& policies have been consistently applied lo all the years prosen16d, unless olhgrwis8 stated. Statement of ¢ornpliance The financial statements havè been prepared in accordance with Accounting and Rèporting by Charities.. Statement of Re¢ommended Practice (applicable lo ¢harilies preparing their a¢counls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 (issued in O¢lober 20191 Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Ba$ls of preparatlon Hannah's Willberry Wonder Pony Charity meets the definition of a PLJbli¢ benefit enlily undgr FRS 102. Assets and liabilities are initially r&cognised al historical cost or transaction value unless olhenNise staled in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the Charills ability lo continu8 as a going concern nor any significant areas of uncertainty that affect the ¢arrying value ol assets held by the charity. Income and endowments All income is re¢ognised once the charity has entitl8ment lo the income, il is probable that the income 11 be received and the amount of Ihe income receivable can be measured rèliably. Donations and 18gacles Donations and legacies are rècognised on a receivable basis whèn receipt is probable and the amount can be reliably measured. Donations received through third party organisations such as Just Giving are shown nel of any fees charged by these organisations. Page16
Hannah's Willberry Wonder Pony Charity Notes to the Financial Statements for the Year Ended 31 March 2023 Expanditur All exptrndilure is recognised once there is a legal or ctsnslruclive obligation lo that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed to particular headings they have beèn allo¢aled on a basis consistgnt with the use of resourc&s. Charitable activities Charitable &xpenditure ¢omprises those costs incurred by the Gharity in the delivery of ils activities and services for ils beneficiaries. 11 includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary lo support them. Grants Grants are recognised at the amount payable when the intention lo make a grant has been communicated lo the recipient and the conditions of the grant have been mel. Governance costs These include the costs attbUtsble lo the charitls compliance with conslitulional and slalulory requirements. including audit, slrale9ic management and trustees meetings and reimbursed expenses. Taxatlon The charity is considered to pass the tests set out in Paragraph 1 Schedul6 6 of the Finance Acl 2010 and therefore il meets the definition of a charitable company for UK ¢orporalion lax purpostss. Accordingly, the charity is potenlially exempl from taxation in respe¢l of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of Ihe Taxation of Chargeable Gains Act 1992. to Ihe exlenl that such in¢ome or gains are applied exclusively lo charitable purposes. Fixad assat invèstmènt$ Investments in subsidiaries are slated al historical cost less provision for any dimlnulion in value. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly Ilquld investments that are readily convertible lo a known amount of cash and are subject to an insignificant risk of change in value. Page 17
Hannah's Willberry Wonder Pony Charity Notes to the Financial Statements for the Year Ended 31 March 2023 Foreign exchange Transactions in foreign currencie5 are recorded al the rate of exchange al the dale of the transaction. Monetary assets and liabilities denominated in foreign curren¢ies at the balanGe sheet dale are reported al the rates of exchange prevailing at that date. The results of overseas operations are translated al the average rates of exchange during the period and their balance she&ls al th& rates rullng al the balance sheet dale. Exchange differences arising on translation of the opening nel assets and results of overseas operations are reported in other comprehensive income and accumulated in equity latlribuled to non-conlrolling interests as appropriatel. Other exchange drffer8nces ar8 recognised In the Slalement of Financial Activities in the period in which they arise except for.. 11 exthange differences on transactions entered into lo hedge certain foreign CUTrency risks (see above)., 21 exchange dlfferences arfslng on gains or losses on non-monetary items which are recognised in other comprehensive income., and 31 in the case of the consolidated financial stalemenls, exchange differences on monetary items receivable from or payable lo a foreign operation lor which selllemenl is neither planned nor likely to occur Ilherefore forming part of the net investment in the foreign operalionl, which are re¢ognised in other comprehensive income and reported under equity. Fund structure Unreslricled Income funds are general funds that are available for use al the trustees discretion in furtherance of the objectives of the charity. 3 Income from donatlons and legaclas Unrestrictad funds General Total funds Donations and legacies.. General donations Donation from trading subsidiary 78,509 12,837 78,509 12,837 Total for 2023 91,346 91,346 Total for 2022 135,676 135,676 Page 18
Hannah's Willbery Wonder Pony Charity Notes to the Financial Statements for the Year Ended 31 March 2023 4 Inv8$lment Incomg Unrestricted funds General Total funds Interest receivable and similar income., Interest receivable on bank deposits 12,267 12,267 Total for 2023 12,267 12,267 Total for 2022 5,101 5,101 S Expendlturè on ¢harltable a¢tlvlties Unrestrlcted funds G¢n¢ral Total funds Not& Grant funding of activities AIIoc8led support Costs Governance costs 101.000 4,280 4,213 101.000 4,280 4,213 Total for 2023 109,493 109,493 Total for 2022 134,309 134,309 In addititsn lo the expenditure analysed above. there are also governance costs of £4,213 12022 £3,643) which relate directly lo charitable aclivilies. See note 6 for further d8iails. Page 19
Hannah's Willberry Wonder Pony Charity Notes to the Financial Statements for the Year Ended 31 March 2023 6 Analysls of governance and support costs Charitable activities expenditure Unrestricted Total 2023 Total 2022 General Office expenses Insurance Legal and professional fees Printing, postage and stationary Bank fees Governance costs 1,618 545 1,618 545 298 534 35 418 1,872 3,643 44 2,073 4,213 8,493 44 2,073 4,213 8,493 6,800 Governance costs Unrestricted funds General Total fund5 Independent examiner fees Examination of the financial slalemenls Other fees paid lo examiners 2,650 1,563 2.650 1,563 Total for 2023 4,213 4,213 Total for 2022 3,643 3,643 7 Trusteas rgmuneratlon and 8xpons8$ No trustees, nor any persons connected with them, have received any rernuneration from the charity during the year. No Irustees have received any reimbursed expenses from the charity during the year. 8 Independent examinerfs remuneration 2023 2022 Examination of the financial slalemenls 2,650 2,350 Other fees to èxaminers All other servi5 1.563 1,293 Page 20
Hannah's Willberry Wonder Pony Charity Notes to the Financial Statements for the Year Ended 31 March 2023 9 Flxed asset Investments 2023 2022 Shares in group undertakings and participating interests Dglalls of undortaklng$ Details of the investments in which the charfty holds 20 /0 or more of the nominal value of any class of share capllal are as follow8.. Covntry of incorporation Proportitsn of voting rlghts and shares held 2023 2022 Principal actlvity Undertaking Holding Subsidiary undertakings Sale of merchandise and soft toys branded with Hannah's Willberry Wonder Pony The Willberry Wonder Pony Trading Company Limited England and Wales Ordinary 100% 100° Subsidiaries The trading subsidiary company donates its profits lo th8 charity. For the period 1 April 2022 10 31 March 2023, the subsidiaryls turnover was £38,602 12022 - £28,797) and lolal expenditure was £38,60212022 - £28,797). Page21
Hannah's Willberry Wonder Pony Charity Notes to the Financial Statements for the Year Ended 31 March 2023 10 Debtors 2023 2022 Due from group undertakings 12,837 20,121 11 Cash and cash equlvalènts 2023 2022 Cash al bank 1,543,324 1,524,115 12 Crgdltors.. amounts falllng due wlthln one year 2023 2022 Accruals 20,805 3.000 13 Analysls of net assets between funds Unrestrlcted funds G8n8ral Total funds at 31 March 2023 Fixed asset investments Current assets Current liabilitigs 1,556,161 20,805 1,556.161 20,805 Total nel assets 1,535,357 1,535,357 Unrestrlcted funds General Total funds at 31 Mar¢h 2022 Fixed assot investments Current assets Current liabilities 1,544.236 3,0001 1,544,236 {3,0001 1,$41,237 Total nel assets 1,541,237 14 Related party transactions The charity has taken advantage of the exemption in Financial Reporting Standards 102 chapter 33 "Related Party Disclosure" and has not disclosed transactions with wholly owned group unlertakings. Donations made by the trustees wilhoul any conditions attached lotalled £150 {2022 - £5751 for the year. Pag8 22
Hannah's Willberry Wonder Pony Charity Notes to the Financial Statements for the Year Ended 31 March 2023 15 Funds Balance at 1 AprS12022 In¢oming resources Resources expendad Balance at 31 March 2023 Unrèstrictad funds General 1,541,237 103,613 109.493 1,535,357 Balance at 1 Aprll 2021 In¢oming resources Resources expended Balance at 31 March 2022 Unrestricted funds General 1,534,769 140,777 134.309 1,541,237 Page 23
Hannah's Willberry Wonder Pony Charity Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Total 2023 Total 2022 Income and Endowments from: Donations and legacies lanaly5ed below) Investment income lanalysed below} 91,346 12,267 135,676 5,101 Totsl income 103.613 140,777 Expenditure on- Charitable activities lanalysed below) 109,4931 {134,309 Total expenditure 109,493 {134,309 Nel (expenditu11In¢Ome 15.8801 6,468 Net movement in fLJnds 15,8801 6,468 R8conclllatlon of funds Total funds brought forward 1,541,237 1,534.769 Totsl funds Carried forward 1,535.357 1,541,237 This page does not form part ol the statutory financial statements. Page 24
Hannah's Willberry Wonder Pony Charity Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Total 2023 Total 2022 Donations and legacies Donation from Willberry Trading Co Olhtsr Donations 12.837 78,509 10,121 125.555 91.346 135,676 Investment income Interest Rècelved on savlngs alc 12.267 5,101 12,267 5,101 Charitable activities Insurance Printing Wishes costs Project costs Advértising Compliance Inc legal Bank Fees Independent examinevs remLJneralion Other fees paid to independent examiners 15451 1441 18,1061 192.8941 (1,6181 15341 14181 {1,3141 1126,1951 12981 1351 11,8721 12.3501 1,2931 134,3091 12,0731 (2,6501 11,5631 109,493 This page does not form part of the statutory financial statements. Page 25