Charlty régl•tratlon number 1169361 ROYAL ARTILLERY SADDLE CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 ROYAL ARTILLERY SADDLE CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms S Zoryk Mr J Gregg Capt A H Lewis Major B P Murphy Mr S C Chalker Lt Col J A Luck (Appointed 24 May 2023) (Appointed 24 May 2023) (Appointed 24 May 2023) (Appointed 24 May 2023) (Appointed 24 May 2023) (Appointed 24 November 2023) (Appointed 24 May 2023) (Appointed 1 November 2023)1 (Appointed 24 May 2023) (Appointed 1 May 2023) (Appointed 24 March 2023) MrMVSmith Lt Col A E Ball Captain H Walker MrA H Cameron Major C Blakiston Charity number 1169361 Independent examlner Moore (South) LLP 33 The Clarendon Centre Salisbury Business Park Dairy Meadow Lane Salisbury Wiltshire SP12TJ ROYAL ARTILLERY SADDLE CLUB CONTENTS Page Trustees, report Independent examlnefs report Statement of flnancial activlties Balance sheet Notes to the financlal statements 7-15 ROYAL ARTILLERY SADDLE CLUB TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY2023 The Trustees prBsent thelr annual report and flnancial ststements for th8 year ended 31 May 2023. The finandal statements have been prepared In accordan￿ wlth the accountlng policies set out in note 1 to the financial statsments and comply with the charity's goveming document, the Charities Act 2011 and "Aocounting and Reporting by Charitles: Statement of Recommended Practlce appllcable to charlties preparing their atsounts accordance with the Flnancial Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102 1 January 2019)°. Structure, governance and management The Royal Artlllery Saddle Club was fomied on 15 January 2013 and Is regulated by a charter dated 9 Febfuary 2017. The charity's objects are the promotion of efficiency of the Armed Forces of the Crown by the provision and suppcrt of facilities and actlvities for the efficiency and well-being of servlce personnel. The Trustees who served during the year 8nd up to the date of slgnature of the financial ststements we￿. Lt Col Alec Harvey MBE Ms S Zoryk Mr J Gregg Capt A H Lewis Major B P Murphy Mr S C Chalker Lt Col J A Luck Mr M V Smlth Lt Col A E Ball Captaln H Walker Mr A H Cameron Major C Blakiston (Reslgned 26 February 2024) (Appolnted 24 May 2023) (Appointed 24 May 2023) (Appolnted 24 May 2023) (Appointed 24 May 2023) (Appolnted 24 May 2023) (Appolnted 24 November 2023) (Appolnted 24 May 2023) (Appolnted 1 November 2023) (Appolnted 24 May 2023) (Appolnted 1 May 2023) (Appolntod 24 March 2023) Prevlously, the ch8rlty had one Trustee. Followlng hls postlng owny from Lorkhlll Gnrrl.son, tind In Ofder to a;, with The Charlty Governanco Code, tho Chalr of tho Tru8tQ08 was roplocod nnd Iho n(Imbor of tfUgtcYS th.I increased. Trusteos were recrulted 8ccordlng to the knowledge and skllls they woro ablo to offer tho Board iftd a180 through thelr asGoclalion wlth The Royal Roglmont of Artlllory. Tho TfUSto8s acknowlodao Iho 6hortcomlngs In govornnnco nnd tlio Iniiblllty to nioot tlio Cliiinty C.oniniisblWIg deadllnes. Tho chanoos to tho Boord of Truutoos, monlloi)od ubov(), htivu 11111(Io n .%lsiiillic:'Illt t141114tonii,I Ihe th8rily and Ihe now TruGloo6 hovo updnlud Iho controlu nnd piocu(IiiTh);• Io t)ny(Iro Illl fiitiiitl LQllll)Ik1114l) Charily Commifi clon roqulr()m(Jntu. Tho Chfgrlllfi dhy-to￿aY buulnf)f¥JQ Iii rriFinFJQI)d by 1110 yijrd Iniiiififlljr 1111(I Ib co.orclliiiili)(I t)v tlii) Iiii8tLM)61 TnJr,tef)s Nieol afs ntsodo4J lo ditscut3611Io Lliiiilly,￿ (Illulrii, Th￿ 7ruBIoos 4Jro olvon Irfilnliiu Iiiid Iilli)Iid r6iliiv6iiit L'oiJr&Ji)ti 1111(J ,8uiiiln(IT'J Ily nl)i)11)s)Iliilt) t() Iliiilf I()1￿ ￿lIhIl) Charity. ROYAL ARTILLERY SADDLE CLUB TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Objectlves and activltles The Royal Artillery Saddle Club Is o charfty Which h8s been sel lip to hetp th8ge 2, Ao ji. horse ride. it also provldes 8 Ilvery Serv1￿ to service personnel 8nd their de*tMts rp,¢f' children 8nd adults to help brfng In money to help with the upkeep of tho horses and por:w3 This fund provides publlc benefil by asS￿ting servi(x personnel to ff¥ofB effecliv&ly rr, Amled Forces of the Crown. It does thls by equitatlon. Thls 8sslsl8nc8 engbles fJerv,..￿ pefM.- th811enges and danger associated with mllltary servlce by developing and maifttain.ng tpJrrA- confidence, character, spirit and attitude: and morale. As 8 result the fund PTOrnOLei the e4r:-, 11 Forces of the Crown by enhanrAng the British Army's capabllity to underL9ke the roles dornay•rted defence of the United Klngdom and Its interests. We have maintained our support to the service community providing lessons for the Young Vver5 a-d soldiers and officers of the 5 local units. The Wednesday afternoon lessons have u)ntsnuod lo 00￿? zf continued to develop the provision of riding lessons to Young Officers branch of the Royal Att. •ry committsd to the provlsion of livery services to serving mllitary personnel, and the RA H'*iP.L mains an extremely valuable welfare seNice to the local mllitsry community and wider GW:,3 also benefft frDm our services. Achlevements and performance We have expanded our militsry Regimentsl Cllnlcs to other cap badges such as the Inte:.,:5eru Cvr- Royal Engineers. We have developed our relationshlps with other local equestrian groups suth as Larkhijj E%'en&ry &•pfj• Artillery Pony Club, to expand our offer of activlties to our cllents. We have broadened the number of vlsitlng trainers and coaches to offer dinics in a wide o, disciplines suth as Arena cross-county, dressage test riding with a British Dressage Listed J4&24O, county training over the British Eventing course at Larkhill. We have incxeased the number of lessons 8nd hacks for bolh chlldren and 8dults. We have set up an Apprenticeship Trainlng Scheme and currently have one young per%vn Levej 2 and Level 3 quallficallon. Thls wlll commence September 2024. We have revlewed our ojrrenl string of rldlng school hor809 And ponlos, Wti hovtl Pl purch4se, new additsons 86 requlred. Flnandal revlew The finanGial positjon of the charily Is as dlE>closfgd Iri tlits iilfii*Jnitaiil L)1 I IndiiL1dl Ailii'ltitltsi &l:Nl at 31 May 2023, The charity conts'nu6f> lo tidv8 inc(Jlnf* ff(JITI d vailtsly Ut bLtlvilltll> tsU('tl dtt Iivib@ hiits fi (rf.,l Hiiji¢. trl4 learri ¢and ex16mal LompEutsonb). laL-Illly Iilrd (Iiisli IJLI()r& Infrd) (liid Ill¢iJiiily tli)111 f KlIAlÉl Ios.%&) Durlrbg th& yeaf, thf> cfribrlty Iofr*l Il)é*li Milildiy IiibifuLlor Iiityuiiiiiu Illeg yliiil IllJll&lili41 IJKI Iv u(.Ilil .1 qualific"atsori su 6116 riould 61f9P Iii tu Idkfg 11)ts)btJ Ivt>b(Jiis. Itilts t()i)k iji) d lther partb, of tri& bu61n66b' wfffgrtsd. I tlb l*liorily Ilit*i**li)rtJ bdw U *JliJiiiIlc.￿l{ Iii li M￿*39@r buby l&t3bfiln9 ¢*fgd (Jld Ii(Jl till tlits ($111s)ty bldtsltsb .A.ac'fl.¢i LeBsfjn6 wer6 l¢sdrnl duiiii(J Ililts l)efiiJd tlitgl d Iiiilildiy Iiitslflll,l()I W{4t> til i)IKIL'II Iti.iJ¥ Illl ltri thi6 will &riable Ilio ydid Iri&iih(Jtsr 111(Jits Iiiiib Iij Iijtsk Iiftts'i cillitrii i)di(b (If tlid l)Ilolllil4 Overall, ttitsro IEI a fi61 (JfsUf*ilb(J Iii uiirob-lili.lL.d Iiiiiijb ijl l 1),4'J() (J(122 1'A"Jll, ¢illll) Iiibiilli•iLJ li I Ii,rf. Il 11111 y.tiliiifLI(I al 31 Mdy 2023 of LJJ,Jgb11(Ji2 - 1:42.1321$1 ROYAL ARTILLERY SADDLE CLUB TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Going concem The Trustees assess whether the use of golng concem Is approprlata, l.e. whether Ihere are any ffiatprial uncertainties related to events or CA>ndltlons that may cast slgnfflcant doubt on the abllity of the Charlty to con'inup as a going concern. The Trustees make this assessment in respect of the period, one year ffom the dalsJ Cjf approval of the financial statements. The Trustees conclude that there are no material uncertaintsps about the Charitvs ability to (x)ntinue and accordlngly the financial statements are prepared on a going concern basiij. Thp Trustees monltor cash reserves to ensure they are rneetlng future spendlng levels. Reserves policy It is the policy of the chaiity that unrestricted fvnds which have not been designated for a speafic use shau.;d maintained at a level equivalent to between th￿e and six month's expendlture. The Trustees consider that reserips at this level will ensure that, In the event of a Slgnrfl￿nt drop in funding, they will be able to o)ntinup the charrtrjs current activities while consideration is given to ways in which additional funds may be raised. This level Gf rwi&s has been rnaintsined throughout the year. Major rfsks The Trustees have assessed the major risks to which the charity Is exposed. and are satisfied that systerrls are in place to mitigate exposure to the major risks. Plans for future perlods We are planning to increase the number of lessons tsking place, to fully utilise the space available. Thi) Wti dividing the outside arena in half, enabling two lessons to tske place simultaneously. We will be increasing the services we offer to our DIY liveries, with a plan to offer flexible part-fNery and fuJ Ir•dVj packages. Thls will be particulaty usefvl to our serving military personnel to cover their horse care when trEei are deployed on exercise. It is anticApated that this will involve the employment of an additional member of stsff. We will put in place a more fomial programme of staff training that will indude the option of stsff to wwk to￿2￿> BHS Stsges. the Career Pathway Skills qualifications. Since the new management has been in post: Turnover is being monitored with a view to provide additional charitable services. The charity has applied for a grant from the Royal Artillery Charitable Fund. We aim to run more competitions for our militsry riders, civillan dients, and the generdl publi The Trustees, report was approved by the Board of Trustees. Ms S Zoryk Trustee I b /.9-./2(È............ ROYAL ARTILLERY SADDLE CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROYAL ARTILLERY SADDLE CLUB I report to the Trustees on my examination of the financial ststements of Royal Artillery Saddle Club (the charity) for the year ended 31 May 2023. Responslbllities and basis of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requlrements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Chari￿s financial ststements carried out under section 145 of the 2011 Act. In carying out my examination I have followed all the appllcable Directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL Independent examinerfs statement I have completed my examination. I CA)nfirm that no matters have come to my attention in connection with the examination givlng me cause to believe that in any material respecL accountlng re(x>rds were not kept in respect of the charity as required by sectlon 130 of the 2011 Act; or the financial statements do not accord with those records; or the financial statements do not (x)mply with the applicable requirements con￿mIng the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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. R MacDonald Moore (South) LLP 33 The Clarendon Centre Salisbury Business Park Dairy Meadow Lane Salisbury Wiltshire SP12TJ Dated: ... ROYAL ARTILLERY SADDLE CLUB STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2023 UnrBstiicted Restricted funds funds 2023 2023 Total Unrnstrlcted Restrlcted funds funds 2022 2022 Total 2023 2022 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activitses Other income 5,305 146,164 19,303 2,450 13.500 18.805 146,164 19.303 2.450 21,168 172,058 16,237 4,700 21.168 172.C58 16,237 4.700 Total income 173.222 13,500 186,722 214,163 214.163 Charitable activities Other expenditure 183.552 (900) 15.215 198.767 (900) 242,851 242,851 10 Total expenditure 182,652 15,215 197,867 242,851 242.8i1 Net expenditure and movement in funds (9,430) (1.715) (11.145) (28,688) (28.688) Reconclliatlon of funds: Fund balances at 1 June 2022 42,828 1,715 71,516 1,715 73,231 Fund balances at 31 May 2023 33.398 33.398 42,828 1,715 The statement of financial activities includes all gains and losses recognised in the year. All income and expend,tu derive from continuing activities. ROYAL ARTILLERY SADDLE CLUB BALANCE SHEET ASAT 31 MAY2023 2023 2022 Notes Flxed assets Tangible assets 12 19,939 25,725 Current assets Debtors Cash at bank and in hand 13 11,833 21,753 10,659 24,982 33,586 35,641 Crnditors: amounts falling due withln one year 14 20,127 16,823 Net current assets 13,459 18.818 Total assets less current liabllltles 33,398 The funds of the charity Restricted income funds Unrestricted funds 15 1,715 42,828 33,398 33.398 44,543 .I.Q2.19-J.Q The financial ststements were approved by the Trustees on . oryk Trustee ROYAL ARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 Accountlng pollcles Charity Inforniatlon Royal Artillery Saddle Club Is an unlncorporated charity. 1.1 Accountlng conventlon The financial statements have been prepared in accnrdance with the charity's [goveming document], the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chartties preparing their accounts in accordance wlth the Financlal Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" (effectlve 1 January 2019). 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) Regulatlons 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 slnce been withdrawn. The financial ststements 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 The Trustees assess whether the use of going concem is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concem. The Trustees make this assessment in respect of period of one year from the date of approval of the financial statements. The Trustees condude that there are no material uncertainties about the Charivs ability to continue and accordingly the financial statements are prepared on a going concem basis. They have come to this conclusion by assessing the current level of reserves; working capitsl requirements and anticipated commitrnents. 1.3 Charltable funds Unrestrlcted funds are available for use at the dlscretion 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 fvnds are subject to specific conditlons by donors that the capltal must be maintained by the charity. 1A Income Income is recognised when the charlty is legally entltled to It after any perfomiance conditions have been met, the amounts can be measured reliably, and It Is probable that Income wlll be recelved. Cash donations are recognised on recelpt. Other donations are recognlsed onc8 the charlty has been notified of the donation, unle8s performance condltlons requlre deferral of the amount. Income tax recoverable in relatlon to donations recelved under Glft Ald or deeds of covenant18 recognlsed at the tlme of tlie donation, ROYAL ARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Accountlng pollcles (Contlnued) Legacies are recognlsed on recelpt or otherwlse If the charlty h88 been noufled of an Impending dlstrlbution, the amount is known, and recelpt Is expected. If the amount Is not known, the legacy Is treated as a contingent asset. 1.5 Expendltur6 Expenditure is recognised One￿ thern is a legal or constructlve obligation to transfer economic benefft lo a thlrtl paty, it is probable that a transfer of economlc benefits will be requlred In settlemen( and the amourrt af the obligation can be measured rellably. Expenditure is classified by acti￿ty. The costs of each activity are made up of the totsl of direct costs an shared costs, induding support costs involved In undertaking each activity. Dlrect costs attributable to a single actlvity are allocated directly to that activty. Shared costs whlch contribute to more than one activty and support costs which are not attsibutsble to a single activity are apportioned between those actsvities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spen( and depreciatlon charges are allocated on the portion of the asset's use. Expenditure is recognised once there Is a legal or constructive obligation to make a payment to a third paty, it Is probable that settlernent will be requlred and the amount of the obligation can be measured reliably. Expenditure is dasslfied under the following activlty headings: Expendlture on charitsble activitles, which Includes the costs of all activities undertaken to further the purpose of the charity and their associated support costs. Support costs are those functlons that assSst the work of the charity but do not directy undertake charitable activitles. Support costs Include office costs, finance costs and governan￿ (x)sts which support the charity's programme of actlvltles. 1.6 Tanglble flxed assets Tangible fixed assets are Inltially measured at cost and subsequently measured at cost or valuation. nel of depreciation and any impairment losses. Depreaalion Is ￿CogniSed so as to write off the cost or valuatlon of assets less their residual values over the'i usefvl INes on the following bases: Horses Fixtures and fittlngs Compulers 100/0 stralght Ilne 10 % stralght Ilne 33 % straight Ilne The gain or loss arislng on the dlsposal of 8n asset is determlned as the dlfference between the sale pwts and the carying value of the asset, and is recognlsed In the ststement of financial activities. 1.7 Impalrment ol flxed asset8 At each reportlng end date, tho charity revlew8 tho corrylng 8mount8 of Its tangiblo asst)ts to detemiifte whether thore 18 any Indlcauon that those assot8 h8vo sufforod on Impolmiont 108s. If any such indik&itson exists, the recovor8ble amount ol tho assot Is esumolod In or(Jor lo dolem)Ino the o.xtvnt of the inipairnwnt Ioss (if any). 1.8 Cash and c86h oqulvolents Cash and ￿tsh equivalenls Includ6 cosh In hand, depo611￿ held at c£ill wllh balik￿, Othtir short-tenn liqut Investmenls wilh original maturits@s of Ihr8e monl11s or loss, dn¢J biiiik OVttfdrdft8. Baiik owdrdf%lrts aid wlthln borrowings In current Iloblllllos. ROYAL ARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Accountlng pollcles (Contlnued) 1.9 Flnanclal Instruments The charity has elected to apply the provlslons of Section 11 '8aslc Flnanclal Instruments, and Sertion 12 'Other Financial Instruments Issues, of FRS 102 to 811 of Its financial instruments. Financial instruments are recognlsed In the charitys balance sheet when the charity becomes party to the contractual provlsions of the instrument. Financial assets and Ilabllities are offset, with the net amounts presented in the finandal ststements. when there is a legally enforceable right to set off the re￿nised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultsneously. Baslc finanolal assets Basic financial assets, which include debtor5 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 fvture recelpts dlscounted at a market rate of interest. Financial assets dassified as receivable within one year are not amortised. Baslc flnanclal Ilabllldes Basic financlal liabilities, induding credltors and bank loans are initially recognlsed at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present Value of the fvture payments discounted at a market rate of interest. Financial liabilities dassified 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 cx)ur5e of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non-current Ilabilities. Trade creditors are recognised initialty at transactlon price and subsequently measured at amortised cost using the effective interest method. DerBcognltlon of financial Ilabillties Financjal liabilities are derecognlsed when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused hollday entluement is recognised In the perlod In which the employee's services are recelved. Temiination benefits are recognised immedlately as an expense when the charity Is demonstrabty committed to tenninate the employment of an employee or to provlde t8rmlnatlon benefits. Inmme from donatlon8 and legacle8 Unrestrlcted Restrlcted funds funds 2023 2023 Totsl Unrestrlcted Restrlcted fund8 fund8 2022 2022 Totsl 2023 2022 Donatlon6 and glfts Grants 305 5,000 305 18,600 6,881 1b,287 5,881 13,500 5,305 13, Jroo 18,805 21,168 21,1b8 ROYAL ARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Income from donatlons and legacles (Contlnued) Unrestrlcted Restrlcted funds funds 2023 2023 Total Unrestslctsd Restrlcted funds fund8 2022 2022 Totsl 2023 2022 Grants receivable for core actlvlties Army support board HQ Aldershot Royal Artillery Royal Army Educational Corps 4,000 11.287 4,000 11,287 13,500 13,500 5,000 5,000 5,000 13,500 18,500 15,287 15,287 Charltsble actlvftles Charftable Charltable Income Income 2023 2022 ,Horse hire Veterinary fees recovered Hunt transport Stables Hay and straw 63,907 70,955 7.820 89,827 72,673 9,584 146,164 172,058 Income from other tradlng actlvltles Unrestrlcted Unrestricted funds funds 2023 2022 Membership subscriptions RASC competltions Facillty hlre Fundralslng 3,840 2,614 12,484 365 2,416 275 13,546 Other tradlng actlvltleB 19,303 1 ti,237 10- ROYAL ARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Other Income Unrestrlcted Unrestrlcted fund8 fund8 2023 2022 Net gain on disposal of tangible fixed assets 2,450 4,700 The gain on disposal relates to the sale of horses. Expenditure on charltable activities Total 2023 Total 2022 Dlrect costs Staff costs Depreciation and impalmient Llvestock Instructor fees Grounds maintenance Transport and vehicle costs Saddlery repairs Manure removal Veterinary and farrier fees Hard feed Competitions Equlne products, Hay and straw Shavings Fencing Other charitable expenditure 93,126 2.986 3,786 2,375 10,676 3,920 10 960 13,517 6,256 287 963 28,346 111.814 3,336 7.964 14.600 26.006 6,249 1,340 16,877 14,905 3,256 14,600 340 6,906 4.037 16,833 4,959 189,000 233.070 Share of support and governance costs (8ee note 7) Govemance 9,767 9,781 198,767 242,851 Analysls by fund Unrestrlcted funds Restrlcted fvnds 183,552 15,215 242,851 198,767 ')4Q 851 11 ROYAL ARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Support costs allocated to actlvltles 2023 2022 Govemance costs 9,767 9,781 2023 2022 Governance costs comprlse: Insurance Accountancy 8.267 1.500 7.￿5 2.436 9,767 9.781 Trustees None of the Trustees (or any persons connected wlth them) recelved any remuneration or benefits frorn the charity during the year. Employees The average monthly number of employees during the year was: 2023 Number 2022 Numbef 10 11 Employment costs 2023 2022 Wages al￿ 6alarle8 9J,126 111.814 There were no employees whose annual remun￿[all￿n was moit) Iliun £UO,000. 10 Other oxpondlture Unio•tf ILtud Uiic¥JlfKloJd fuiidg fuiids 202:) 2U22 Net108s on dlupts681 (Jf1sJrioll)- l& Iixud abb(Jt8 i&)u¢) 11 Taxatlon Tho chaflly lo éjxompt ff offfl 1oxal(uii un Ilt4 dLlivilliib l)IlLdUlJV UII l(b IIiiAlllllI Itj 1114A14 ICI ftlf I Iiiiiil.Jlilv s)Iiti) 12. ROYAL ARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 12 Tanglble fixed assets Horses FIthr￿ and Comwern ffttlngs Cost At 1 June 2022 Dlsposals 8,300 (3,500) 23.232 32,085 (3.SGO) At 31 May 2023 4.800 23,232 Depreclation and Impalrment At 1 June 2022 Depreciation charged in the year Eliminated in respect of disposals 1.580 480 (700) 4,597 2,323 183 183 6,360 2,98ii (7CO) At 31 May 2023 1,360 6.920 366 8.046 Carrylng amount At 31 May 2023 3,440 16,312 187 19.939 At 31 May 2022 6,720 18,635 370 25.72? 13 Debtors 2023 2022 Amounts falllng due wfthln one year: Trade debtors 11,833 10.659 14 Credftor5: amounts falllng due wlthln one year 2023 2022 Other tsxation and social security Trade cjeditors Other Cfeditors AcLruals and deferred Income 14,613 572 442 4,500 75 S,(M9 J,000 20,127 16,823 13- ROYAL ARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 15 Restrlcted fund5 The restrlcted fvnds of the charfty comprlse the unexpended balances of donation8 and grants hetd on Iiust subject to specific condltions by donors as to how they may be used. At 1 Junè 2022 Incomlng Resources ro6ource8 oxpended At 31 May 2023 Restrlcted funds 1,715 13,500 (15,215) Prevlous year At 1 June 2021 Incomlng Resources resources exponded At 31 May 2022 Restricted funds 1.715 1,715 16 Unrestslcted funds The unrestricted funds ofthe tharity comprlse the unexpended balances of donations and grants are not subject to speafic conditlons by donors and grantors as to how they may be used. These indude designated funds whlch have been set aside out of unrestrlcted funds by the trustees for specthc Pufpcses At 1 June 2022 Incomlng Re80urces re60urces expended At 31 May 2023 General fvnds 42,828 173,222 (182.652) 33.398, Prevlous year: At l Juno 2021 Incomlng rosourcos Resou￿85 oxpond•d At 31 hljy 2022 General funds 71,510 214.163 (242,851 17 Analy61s of nel assets botweon fund6 Unrootrlcted lundj 202J Total lunc19 2U23 202) Fund b8lanc•• al 31 May 2023 aro iepro•ont•d by: T&ngibl8 i46sL.t8 Curfenl a56é2lsl(Iidbllilles) iu,uJsJ I:J,4111) I, J&lll 14 ROYALARTILLERY SADDLE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 17 Analysis of net assets between funds (Continued) Unrestrlctod R6strfctsd fvnds funds 2022 2022 Totsi 2022 Fund balances at 31 May 2022 are represented by: Tangible assets Current asSe￿(liabilitieS) 25.725 17,103 .25,725 18.818 1,715 42,828 1,715 44,543 18 Related party transactlons There were no dlsdosable related paty transactions during the year (2022 - none). 15.