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FAIRLIGHT HALL RIDING FOR THE DISABLED
Trustees’ Annual Report
From February 1[st] 2023 to January 31[st] 2024
Charity name : Fairlight Hall Riding for the Disabled
Charity registration number : 1170498
Our Aims and objectives
Our charity’s purposes, as set out in the objects contained in the company’s memorandum of association, are to promote the objects of the Riding for the Disabled Association incorporating Carriage Driving, a charity registered under charity number 244108, by providing disabled people in the Hastings and Rother area opportunities to ride thereby benefiting their health and wellbeing.
Our aims fully reflect the purposes that the charity was set up to further. To ensure our work delivers our aims we review these aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The trustees consider that through the delivery of our planned activities and the impact they have on the local community, the charity continues to provide a public benefit.
Activities for achieving objectives
In the year 2023/24 we have continued to provide safe, positive, beneficial equine experiences to our participants with physical and mental disabilities of all ages. We have two horses and three ponies, and operate in the beautiful grounds of Fairlight Hall.
-
We provide the opportunity for them to ride our horses and ponies on a weekly basis and offer support and coaching to those who wish to pursue RDA grade tests.
-
We offer horse grooming sessions to those who are not able to ride but who benefit from close contact with equines.
-
We hold “Tea with a Pony” sessions during the summer months to residents of local care homes.
-
We hold social and fund-raising events which involve the community of participants, volunteers, supporters, and their families.
Achievements and Performance
During this year:
-
We have increased our weekly participants to 36;
-
We have implemented RDA Rider and Horse Care Proficiency badge work;
-
We have recruited more volunteers, bringing the total to 14 including 4 RDA trained coaches;
-
We held our annual summer show, giving our riders an opportunity to participate in dressage and “handy pony” competitions, as well as fund raising activities;
-
We implemented a new “Sponsor a Horse/Pony” programme which raised £8,000 towards the care of the horses;
-
A fundraising committee was established comprising trustees and volunteers;
-
We organised a sponsored ride with the generous permission of the owners of Bilsington Priory, which raised £664 towards our running costs;
-
Other fund-raising activities included a sponsored walk, and various raffles throughout the year.
Acknowledgements
We are especially grateful to Sarah and David Kowitz who allow us to operate within the grounds of Fairlight Hall. We thank our many donors, large and small, for their contributions to our running costs. In particular, we acknowledge the donations of the South East Rural Charitable Trust and the late Mr Mike Roberts. We are indebted to our many volunteers who give their time and energy to facilitate our activities.
We would also like to extend our thanks to Di Blackman and Katie Wyatt for their time with us as Trustees, and wish them well for the future.
Financial Review
As a result of our fund-raising activities, the Charity’s income increased by 93% compared with the preceding year. Expenditure increased by 29%. We currently hold a reserve of £1,600; our aim is to increase this to £10,000, being 6 months running costs.
Trustees
S Kowitz
M Willis Fleming
R Scott
J Barford
S Climpson
C Freedman
October 2024
REGISTERED COMPANY NUMBER: 09411343 (England and Wales) REGISTERED CHARITY NUMBER: 1170498
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
FOR
FAIRLIGHT HALL RIDING FOR THE DISABLED
Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
FAIRLIGHT HALL RIDING FOR THE DISABLED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12 to 13
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FAIRLIGHT HALL RIDING FOR THE DISABLED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
This is one of the newest RDA groups in the South East and our facilities include a large outdoor riding school and easy access to bridleways in Hastings Country Park. The simple pleasure of working with horses is the cornerstone of all RDA's activities. From that starting point everything else flows - be that freedom of movement, gaining confidence, building relationships, receiving life-enhancing physiotherapy or achieving individual goals.
Medical professionals recognise that there are significant therapeutic benefits for the rider. The warmth and three dimensional movement of the horse is transmitted through the rider's body, gradually making it more relaxed and supple, strengthening core stability, reducing spasms and improving balance, posture and co-ordination.
Riding offers an element of risk, often denied to many people, especially those who have been affected by an accident or serious illness and offers them the chance to regain mobility and a sense of achievement. People with congenital disabilities discover a new freedom in movement. Those with progressive diseases can retain mobility and remain active for longer.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 09411343 (England and Wales)
Registered Charity number
1170498
Registered office
Fairlight Hall Martineau Lane Hastings East Sussex TN35 5DR
Trustees
J N Everitt (resigned 23.1.24) Ms A Hargreaves (resigned 23.1.24) Mrs S H Kowitz Mrs M Willis Fleming Mrs D M R Blackman Trustee (resigned 23.1.24) Mrs R Scott Trustee Mrs K J Wyatt Trustee
Page 1
FAIRLIGHT HALL RIDING FOR THE DISABLED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs M Willis Fleming - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAIRLIGHT HALL RIDING FOR THE DISABLED
Independent examiner's report to the trustees of Fairlight Hall Riding For The Disabled ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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 which is not a matter considered as part of an independent examination; or
-
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 (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Stuart Whorlow
Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
Date: .............................................
Page 3
FAIRLIGHT HALL RIDING FOR THE DISABLED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 |
31.1.24 Unrestricted fund £ 34,231 - |
31.1.23 Total funds £ 17,430 300 |
|---|---|---|
| Total | 34,231 | 17,730 |
| EXPENDITURE ON Raising funds Other |
26,039 7,238 |
17,868 7,869 |
| Total | 33,277 | 25,737 |
| NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
954 9,140 |
(8,007) 17,147 |
| TOTAL FUNDS CARRIED FORWARD | 10,094 | 9,140 |
The notes form part of these financial statements
Page 4
FAIRLIGHT HALL RIDING FOR THE DISABLED
BALANCE SHEET 31 JANUARY 2024
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Stocks 8 Debtors 9 Cash at bank and in hand |
31.1.24 31.1.23 Unrestricted Total fund funds £ £ 645 860 3,000 3,000 2,734 3,165 6,784 2,115 |
|---|---|
| CREDITORS Amounts falling due within one year 10 |
12,518 8,280 (3,069) - |
| NET CURRENT ASSETS | 9,449 8,280 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
10,094 9,140 |
| NET ASSETS | 10,094 9,140 |
| FUNDS 11 Unrestricted funds |
10,094 9,140 |
| TOTAL FUNDS | 10,094 9,140 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
FAIRLIGHT HALL RIDING FOR THE DISABLED
BALANCE SHEET - continued
31 JANUARY 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M Willis Fleming - Trustee
The notes form part of these financial statements
Page 6
FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |
|---|---|
| Sale of tack | 31.1.24 31.1.23 £ £ - 300 |
| NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.1.24 31.1.23 £ £ 215 215 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Support staff | 31.1.24 2 |
31.1.23 3 |
|---|---|---|
| No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities |
Unrestricted fund £ 17,430 300 |
|
| Total | 17,730 | |
| EXPENDITURE ON Raising funds Other |
17,868 7,869 |
|
| Total | 25,737 |
continued...
Page 8
FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
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6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
NET INCOME/(EXPENDITURE) (8,007)
RECONCILIATION OF FUNDS
Total funds brought forward 17,147
TOTAL FUNDS CARRIED FORWARD 9,140
7. TANGIBLE FIXED ASSETS
Short
leasehold
£
COST
At 1 February 2023 and 31 January 2024 2,154
DEPRECIATION
At 1 February 2023 1,294
Charge for year 215
At 31 January 2024 1,509
NET BOOK VALUE
At 31 January 2024 645
At 31 January 2023 860
8. STOCKS
31.1.24 31.1.23
£ £
Stocks 3,000 3,000
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Other debtors 1,437 1,437
Prepayments 1,297 1,728
2,734 3,165
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continued...
Page 9
FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and deferred income | 31.1.24 £ 3,069 |
31.1.23 £ - |
|
|---|---|---|---|
| 11. MOVEMENT IN FUNDS Unrestricted funds General fund |
At 1.2.23 £ 9,140 |
Net movement in funds £ 954 |
At 31.1.24 £ 10,094 |
| TOTAL FUNDS | 9,140 | 954 | 10,094 |
| Net movement in funds, included in the above are as follows: Unrestricted funds General fund |
Incoming resources £ 34,231 |
Resources expended £ (33,277) |
Movement in funds £ 954 |
| TOTAL FUNDS | 34,231 | (33,277) | 954 |
| Comparatives for movement in funds Unrestricted funds General fund |
At 1.2.22 £ 17,147 |
Net movement in funds £ (8,007) |
At 31.1.23 £ 9,140 |
| TOTAL FUNDS | 17,147 | (8,007) | 9,140 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 17,730 |
Resources expended £ (25,737) |
Movement in funds £ (8,007) |
|
| TOTAL FUNDS | 17,730 | (25,737) | (8,007) |
continued...
Page 10
FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.2.22 £ Unrestricted funds General fund 17,147 |
Net movement At in funds 31.1.24 £ £ (7,053) 10,094 |
|---|---|
| TOTAL FUNDS 17,147 |
(7,053) 10,094 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 51,961 (59,014) |
Movement in funds £ (7,053) |
|---|---|---|
| TOTAL FUNDS | 51,961 (59,014) |
(7,053) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2024.
Page 11
FAIRLIGHT HALL RIDING FOR THE DISABLED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Riding income Clothing sales Event income |
31.1.24 £ 14,775 15,795 - 3,661 |
31.1.23 £ 6,346 10,828 256 - |
|---|---|---|
| Other trading activities Sale of tack |
34,231 - |
17,430 300 |
| Total incoming resources EXPENDITURE Raising donations and legacies Wages Riding expenses Event expenses |
34,231 16,797 8,524 718 |
17,730 11,139 6,729 - |
| Other trading activities Opening stock Closing stock |
26,039 3,000 (3,000) |
17,868 3,000 (3,000) |
| Other Short leasehold Support costs Management Telephone Postage and stationery Subscriptions Equipment repairs Travel Training |
- 215 - 171 1,273 2,552 567 - |
- 215 70 195 1,110 2,869 1,334 637 |
| Finance Bank charges |
4,563 416 |
6,215 217 |
This page does not form part of the statutory financial statements
Page 12
FAIRLIGHT HALL RIDING FOR THE DISABLED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| Finance Governance costs Sundries Accountancy and legal fees |
31.1.24 31.1.23 £ £ 625 493 1,419 729 |
|---|---|
| 2,044 1,222 |
|
| Total resources expended | 33,277 25,737 |
| Net income/(expenditure) | 954 (8,007) |
This page does not form part of the statutory financial statements
Page 13
REGISTERED COMPANY NUMBER: 09411343 (England and Wales) REGISTERED CHARITY NUMBER: 1170498
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
FOR
FAIRLIGHT HALL RIDING FOR THE DISABLED
Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
FAIRLIGHT HALL RIDING FOR THE DISABLED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
==> picture [483 x 694] intentionally omitted <==
----- Start of picture text -----
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12 to 13
----- End of picture text -----
FAIRLIGHT HALL RIDING FOR THE DISABLED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
This is one of the newest RDA groups in the South East and our facilities include a large outdoor riding school and easy access to bridleways in Hastings Country Park. The simple pleasure of working with horses is the cornerstone of all RDA's activities. From that starting point everything else flows - be that freedom of movement, gaining confidence, building relationships, receiving life-enhancing physiotherapy or achieving individual goals.
Medical professionals recognise that there are significant therapeutic benefits for the rider. The warmth and three dimensional movement of the horse is transmitted through the rider's body, gradually making it more relaxed and supple, strengthening core stability, reducing spasms and improving balance, posture and co-ordination.
Riding offers an element of risk, often denied to many people, especially those who have been affected by an accident or serious illness and offers them the chance to regain mobility and a sense of achievement. People with congenital disabilities discover a new freedom in movement. Those with progressive diseases can retain mobility and remain active for longer.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 09411343 (England and Wales)
Registered Charity number
1170498
Registered office
Fairlight Hall Martineau Lane Hastings East Sussex TN35 5DR
Trustees
J N Everitt (resigned 23.1.24) Ms A Hargreaves (resigned 23.1.24) Mrs S H Kowitz Mrs M Willis Fleming Mrs D M R Blackman Trustee (resigned 23.1.24) Mrs R Scott Trustee Mrs K J Wyatt Trustee
Page 1
FAIRLIGHT HALL RIDING FOR THE DISABLED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs M Willis Fleming - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAIRLIGHT HALL RIDING FOR THE DISABLED
Independent examiner's report to the trustees of Fairlight Hall Riding For The Disabled ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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 which is not a matter considered as part of an independent examination; or
-
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 (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Stuart Whorlow
Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
Date: .............................................
Page 3
FAIRLIGHT HALL RIDING FOR THE DISABLED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 |
31.1.24 Unrestricted fund £ 34,231 - |
31.1.23 Total funds £ 17,430 300 |
|---|---|---|
| Total | 34,231 | 17,730 |
| EXPENDITURE ON Raising funds Other |
26,039 7,238 |
17,868 7,869 |
| Total | 33,277 | 25,737 |
| NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
954 9,140 |
(8,007) 17,147 |
| TOTAL FUNDS CARRIED FORWARD | 10,094 | 9,140 |
The notes form part of these financial statements
Page 4
FAIRLIGHT HALL RIDING FOR THE DISABLED
BALANCE SHEET 31 JANUARY 2024
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Stocks 8 Debtors 9 Cash at bank and in hand |
31.1.24 31.1.23 Unrestricted Total fund funds £ £ 645 860 3,000 3,000 2,734 3,165 6,784 2,115 |
|---|---|
| CREDITORS Amounts falling due within one year 10 |
12,518 8,280 (3,069) - |
| NET CURRENT ASSETS | 9,449 8,280 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
10,094 9,140 |
| NET ASSETS | 10,094 9,140 |
| FUNDS 11 Unrestricted funds |
10,094 9,140 |
| TOTAL FUNDS | 10,094 9,140 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
FAIRLIGHT HALL RIDING FOR THE DISABLED
BALANCE SHEET - continued
31 JANUARY 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M Willis Fleming - Trustee
The notes form part of these financial statements
Page 6
FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |
|---|---|
| Sale of tack | 31.1.24 31.1.23 £ £ - 300 |
| NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.1.24 31.1.23 £ £ 215 215 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Support staff | 31.1.24 2 |
31.1.23 3 |
|---|---|---|
| No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities |
Unrestricted fund £ 17,430 300 |
|
| Total | 17,730 | |
| EXPENDITURE ON Raising funds Other |
17,868 7,869 |
|
| Total | 25,737 |
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FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
==> picture [483 x 694] intentionally omitted <==
----- Start of picture text -----
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
NET INCOME/(EXPENDITURE) (8,007)
RECONCILIATION OF FUNDS
Total funds brought forward 17,147
TOTAL FUNDS CARRIED FORWARD 9,140
7. TANGIBLE FIXED ASSETS
Short
leasehold
£
COST
At 1 February 2023 and 31 January 2024 2,154
DEPRECIATION
At 1 February 2023 1,294
Charge for year 215
At 31 January 2024 1,509
NET BOOK VALUE
At 31 January 2024 645
At 31 January 2023 860
8. STOCKS
31.1.24 31.1.23
£ £
Stocks 3,000 3,000
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Other debtors 1,437 1,437
Prepayments 1,297 1,728
2,734 3,165
----- End of picture text -----
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FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and deferred income | 31.1.24 £ 3,069 |
31.1.23 £ - |
|
|---|---|---|---|
| 11. MOVEMENT IN FUNDS Unrestricted funds General fund |
At 1.2.23 £ 9,140 |
Net movement in funds £ 954 |
At 31.1.24 £ 10,094 |
| TOTAL FUNDS | 9,140 | 954 | 10,094 |
| Net movement in funds, included in the above are as follows: Unrestricted funds General fund |
Incoming resources £ 34,231 |
Resources expended £ (33,277) |
Movement in funds £ 954 |
| TOTAL FUNDS | 34,231 | (33,277) | 954 |
| Comparatives for movement in funds Unrestricted funds General fund |
At 1.2.22 £ 17,147 |
Net movement in funds £ (8,007) |
At 31.1.23 £ 9,140 |
| TOTAL FUNDS | 17,147 | (8,007) | 9,140 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 17,730 |
Resources expended £ (25,737) |
Movement in funds £ (8,007) |
|
| TOTAL FUNDS | 17,730 | (25,737) | (8,007) |
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FAIRLIGHT HALL RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.2.22 £ Unrestricted funds General fund 17,147 |
Net movement At in funds 31.1.24 £ £ (7,053) 10,094 |
|---|---|
| TOTAL FUNDS 17,147 |
(7,053) 10,094 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 51,961 (59,014) |
Movement in funds £ (7,053) |
|---|---|---|
| TOTAL FUNDS | 51,961 (59,014) |
(7,053) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2024.
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FAIRLIGHT HALL RIDING FOR THE DISABLED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Riding income Clothing sales Event income |
31.1.24 £ 14,775 15,795 - 3,661 |
31.1.23 £ 6,346 10,828 256 - |
|---|---|---|
| Other trading activities Sale of tack |
34,231 - |
17,430 300 |
| Total incoming resources EXPENDITURE Raising donations and legacies Wages Riding expenses Event expenses |
34,231 16,797 8,524 718 |
17,730 11,139 6,729 - |
| Other trading activities Opening stock Closing stock |
26,039 3,000 (3,000) |
17,868 3,000 (3,000) |
| Other Short leasehold Support costs Management Telephone Postage and stationery Subscriptions Equipment repairs Travel Training |
- 215 - 171 1,273 2,552 567 - |
- 215 70 195 1,110 2,869 1,334 637 |
| Finance Bank charges |
4,563 416 |
6,215 217 |
This page does not form part of the statutory financial statements
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FAIRLIGHT HALL RIDING FOR THE DISABLED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| Finance Governance costs Sundries Accountancy and legal fees |
31.1.24 31.1.23 £ £ 625 493 1,419 729 |
|---|---|
| 2,044 1,222 |
|
| Total resources expended | 33,277 25,737 |
| Net income/(expenditure) | 954 (8,007) |
This page does not form part of the statutory financial statements
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