Hopton Rehab & Homing Centre Registered Charity No. 1173847
Annual Report and Financial Statement For the year ended 31 July 2023
Hopton Rehab and Homing Centre
Financial Statements for year ended 31 July 2023
Page No. Trustees’ Report 1-5 Independent Examiner’s Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to Financial Statement 9-10
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Hopton Rehab & Homing Centre
Report of the Trustees
For the year ended 31 July 2023
The Financial statements comply with the Charities Act 2011 and 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 the Republic of Ireland (FRS 102) published on 16 July 2014 (as amended by (Update Bulletin 1 published on 2 February 2016).
CHARITY INFORMATION
Board of Trustees:
T Cooper W Clent
Correspondence Address & Principal Office:
T Cooper, 72 Beechfield Drive, Worcs. DY11 SHQ
Charity Number: 1173847
independent Examiner:
K A Thompson, 40 Cranmere Avenue, Tettenhall, Wolverhampton, WV6 8TS
Bank:
Barclays Bank PLC, Leicester, LE87 2BB
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Hopton Rehab & Homing Centre
Report of the Trustees (continued)
For the year ended 31 July 2023
TRUSTEES
The following persons were in office as Trustees for the whole of the period from 1% August 2022 to 31* July 2023.
T Cooper
W Clent
Reference and Administrative Details:
Hopton Rehab & Homing Centre is a registered charity, number 1173847, its correspondence address is: T Cooper, 72 Beechfield Drive, Worcs. DY11 SHQ
Structure, Governance and Management
The Charity was registered with the Charities Commission on 18 July 2017. The governing documents instruct the trustees to act in a way to promote the objects of the charity.
Recruitment and Appointment of Trustees
Recruitment to the Board of Trustees is normally by invitation to individuals with the relevant skills and experience to strengthen the governance of the organisation. Potential Trustees are appointed by resolution at a properly convened meeting of the current trustees.
Objectives and Activities
The charitable object it the promotion of humane behaviour towards horses by providing appropriate care, protection, treatment and security for those which are in need of care and attention by reason of sickness, maltreatment or poor circumstances, through the provisionof facilities for the reception, care and treatment of such animals and the rehoming of them.
We have referred to The Charity Commission’s general guidance on Public Benefit Entities when reviewing our aims and objectives and in planning our future activities.
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Hopton Rehab & Homing Centre
Report of the Trustees (continued)
For the year ended 31 July 2023
Achievements and Performance
Overview
Over the last 12 months there has been a substantial change in the circumstances of the charity, after it received notification in November 2022 that probate had been granted in connection with a legacy. The charity would be the main beneficiary of this legacy, which would include farmland and buildings.
Prior to this the charity had been forced to relocate due to the existing premises undergoing a change of use. We were successful in acquiring land and grazing at a former racing yard, while a number of the horses remained at the property of one of the trustees.
Fundraising & Communications
The charity held a successful open day at the new yard, which was well attended by a large number of supporters and donors. This helped raise awareness and the profile of the charity in a new location.
During this period, the number of horses coming into the charity increased, there was great interest, and it was pleasing to see them move into new homes. This was very encouraging after the period of lockdowns experienced the year before.
Sales of second hand goods and tack increased, and the monthly car boot sales proved to be extremely popular with record attendance. Donations of a large variety of used goods and clothing were received, and sales increased accordingly.
Trusts and Foundations
The charity was delighted to receive grants from The Sir Peter O’Sullevan Trust and The Childwick Trust. The Big Give raised over £3,000 and The Vera Howarth Trust and Animal Friends both granted sufficient funds to enable the 3.5T lorry to be repaired and updated with a brand new floor.
Legacies
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During the early part of 2023 there were a number of communications with the Executor of the estate. The assets were to be held and managed via a discretionary trust, while the various parts of the estate were finalised. In June it was confirmed that the charity would be able to relocate to the property from 1* July 2023, following which notice was given in respect of the yard previously referred to.
The property included a residential bungalow, land and outbuildings all requiring extensive renovation and work started in July 2023. Restricted funds were released by the discretionary trustees to enable this work to commence. Funds would be allocated in accordance with the quotations and costings obtained and provided by recommended contractors . The priorities included electrics, fencing and repairing and preparing the stables and buildings ready for use as winter approached.
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Hopton Rehab & Homing Centre
Report of the Trustees (continued)
For the year ended 31 July 2023
Digital Marketing and Social Media platforms
The new website proved much easier to navigate and update and this complemented our already popular social media platforms. Visibility through social media continued to increase, which in turn increased the awareness of the charity in both the local and broader community.
Summary
In conclusion 2022-23 was a very significant year for the charity. The charity continues to strive towards assisting the welfare and lives of many horses and ponies, some of which will remain in residence for the rest of their lives. Age and health issues often mean they are no longer suitable for rehoming, with the benefit of this legacy ensuring the security and longevity of the charity and it’s charitable objectives.
Financial Review
The income for the charity was £392,805 for the year. Expenditure in furtherance of the charity’s objectives was £129,921 whilst other expenditure totalled £49,512. This returned a surplus of £213,372 for the year (including £232,960 restricted funds designated for property and staffing costs for the following accounting period.
The support of the charity continues to grow and we are currently exploring some opportunities, which will realise our aim of having all the horses on one site at our own premises. Due to the covid pandemic we have struggled to achieve phase 1 of our reserve fund. However, the charity has moved forward with a clear vision of realising our goals and furthering our main aims and objectives.
Reserves Policy and Going Concern
The Trustees aim to maintain reserves at a level sufficient to cover costs related to each period, with a target to accumulate three month’s reserves, rising to six months in the future.
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Hopton Rehab & Homing Centre
Report of the Trustees (continued)
For the year ended 31 July 2023
Trustees Responsibility Statement
The Trustees are responsible for preparing the Trustees Report and the Financial Statements in accordance with applicable law and UK accounting standards (UK General Accepted Accounting Practice).
The law applicable to charities in England and Wales requires he Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of the resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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e Select suitable accounting policies and apply them consistently. e Observe the methods and principles in the Charities SORP 2015 (FRS 102).
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e Make judgements and estimates that are reasonable and prudent.
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e State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements.
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e Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the Trustees:
T Cooper 14 May 2024
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ps) CHARITY COMMISSION | Independent examiner's report on the FOR ENGLAND AND WALES accounts
Section A Independent Examiner’s Report Report to the trustees/ Hopton Rehab & Homing Centre members of On accounts for the year | 31 July 2023 Charity no | 1173847 ended (if any) Set out on pages | 1-10 | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 July 2023. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). | report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. independent examiner's | have completed my examination. | confirm that no material matters have Statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements concerning the form 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. | 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.
- Please delete the words in the brackets if they do not apply.
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Signed: xA Date: | 14 May 2024
Name: | Mr Keith Thompson |
Relevant professional
qualification(s) or body
(if any):
Address: | 40 Cranmere Avenue, Tettenhall, Wolverhampton, West Midlands,
WV6 8TS
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Hopton Rehab & Homing Centre
Statement of Income and Expenditure For the year ended 31 July 2023
| Statement of IncomeIncome and Expenditure For thethe year endedended 31 July 2023 |
|||||
|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||
| Unrestricted | Restricted | ||||
| funds | funds | Total | |||
| £ | £ | £ | £ | ||
| Income | |||||
| Government grants | = | 5 | - | 2,668 | |
| Othergrants Donations |
- 36,503 |
26,531 - |
26,531 36,503 |
45,645 38,911 |
|
| Livery fees | 14,756 | - | 14,756 | 8,762 | |
| Sale ofdonated goods | 9,911 | - | 9,911 | 11,718 | |
| Fundraising events | 717 | - | 717 | 364 | |
| Gift Aid claimed | 469 | - | 469 | 1,858 | |
| Legacies | 20,000 | 283,150 | 303,150 | = | |
| Other | 717 | - | EAL | 1,069 | |
| Interest earned | 51 | - | 51 | 2 | |
| 83,124 | 309,681 | 392,805 | 110,997 | ||
| Expenditure | |||||
| Expenditure on charitable activities | 1 | 120,229 | 9,692 | 129,921 | 89,327 |
| Governance costs | 2 | 17,029 | 32,483 | 49,512 | 17,414 |
| 137,258 | 42,175 | 179,433 | 106,741 | ||
| (54,134) | 267,506 | 213,372 | 4,256 | ||
| Transfers between funds | 34,546 | (34,546) | - | = | |
| Net income/(expenditure) | (19,588) | 232,960 | 213,372 | 4,256 | |
| Reconciliation offunds | |||||
| Total funds broughtforward | 8,591 | 11,046 | 19,637 | 15,381 | |
| Net movement in funds | (19,588) | 232,960 | 213,372 | 4,256 | |
| Totalfundscarriedforward | (10,997) | 244,006 | 233,009 | 19,637 |
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Hopton Rehab & Homing Centre
| Statement ofAssets and Liabilities | |||||
|---|---|---|---|---|---|
| As at 31 July 2023 | |||||
| Notes | 2023 | 2022 | |||
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| per schedule | 3 | 11,472 | 10,200 | ||
| Current assets | |||||
| Trade debtors | 250 | - | |||
| Barclays Bank current account | 228,082 | 6,754 | |||
| Barclays Bank Restricted Funds account | 1,696 | 11,046 | |||
| Barclays Bank Hay Fund account | 596 | 1,747 | |||
| Barclays Bank Reserves account | 40 | 1,262 | |||
| PayPal account | 1,114 | 298 | |||
| 231,778 | 21,107 | ||||
| Creditors falling due within one year | |||||
| PAYE and national insurance | 84 | ~ | |||
| Other creditors | 307 | a | |||
| Loans | 4 | 9,850 | 11,670 | ||
| 10,241 | 11,670 | ||||
| Net current assets | 221,537 | 9,437 | |||
| Netassets | 233,009 | 19,637 | |||
| The funds of the charity | |||||
| Restricted funds | 244,006 | 11,046 | |||
| Unrestricted funds | (10,997) | 8,591 | |||
| Totalfundscarriedforward | 233,009 | 19,637 |
Approved by the board of trustees on 14 May 2024 and signed on its behalf by:-
T Cooper Trustee
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Hopton Rehab & Homing Centre
Notes to the Financial Statements
For the year ended 31 July 2023
| Notes | 2023 | 2,022 | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total | |||
| £ | £ | £ | £ | ||
| 1. Expenditure on charitable activities | |||||
| Grazing, stabling & barn space rent | 33,546 | - | 33,546 | 18,220 | |
| Forage, feed & supplements | 9,716 | 4,405 | 14,121 | 6,288 | |
| Vet fees& medicines | 13,375 | 4,566 | 17,941 | 11,483 | |
| Farrier | 4,107 | - | 4,107 | 6,175 | |
| Bedding | 905 | - | 905 | 505 | |
| Tack, equipment & repairs | 1,792 | - | 1,792 | 4,479 | |
| Transport costs | 2,564 | 520 | 3,084 | - | |
| Staff salaries | 42,121 | - | 42,121 | 36,976 | |
| Casual labour | 4,850 | - | 4,850 | 1,237 | |
| Contract labour | 2,676 | - | 2,676 | - | |
| Fuel | 1,099 | - | 1,099 | 2,178 | |
| Trustees expenses | 5 | 935 | - | 935 | 388 |
| Telephone | 60 | - | 60 | - | |
| Office furniture | - | 201 | 201 | - | |
| Sundry | 2,483 | - | 2,483 | 1,398 | |
| 120,229 | 9,692 | 129,921 | 89,327 | ||
| 2. Expenditure on governance | |||||
| Advertising, including website costs | 1,593 | - | 1,593 | 2,852 | |
| Merchandise | - | - | - | 521 | |
| Motorvehicle insurance, tax& maintenance | 2,288 | - | 2,288 | 3,621 | |
| Printing, postage & stationery | 639 | - | 639 | 582 | |
| Sundry | 741 | - | 741 | 310 | |
| Light & Heat | 205 | 205 | |||
| Computercosts | 346 | 60 | 406 | 474 | |
| Repairs | 1,597 | 552 | 2,149 | 1,238 | |
| Property maintenance | - | 31,871 | 31,871 | ||
| Liability insurance | 3,398 | - | 3,398 | 2,843 | |
| Refreshments & cleaning | 369 | - | 369 | 26 | |
| Subscriptions & sundry admin expenses | 336 | - | 336 | 444 | |
| Accountancy and bookkeeping fees Depreciation |
2,650 2,867 |
- - |
2,650 2,867 |
1,660 - |
|
| (Gain)/loss on disposal oftangible fixed assets | - | - | - | 2,846 | |
| 17,029 | 32,483 | 49,512 | 17,414 |
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Hopton Rehab & Homing Centre
Notes to the Financial Statements (continued) For the year ended 31 July 2023
3. Fixed assets
| Motor | Plant& | ||
|---|---|---|---|
| vehicles | machinery | Total | |
| Cost | |||
| 1 August2022 | 10,200 | - | 10,200 |
| Additions | 3,000 | 1,139 | 4,139 |
| Disposals | - | - | ~ |
| 31 July 2023 | 13,200 | 1,139 | 14,339 |
| Depreciation | (over 5years) | (over 5 years) | |
| 1 August 2022 | . | - | - |
| Disposals | - | - | - |
| Charge for year | 2,640 | 227 | 2,867 |
| 31 July 2023 | 2,640 | 227 | 2,867 |
| Net book value | |||
| 31 July 2023 | 10,560 | 912 | 11,472 |
| 1August2022 | 10,200 | - | 10,200 |
4. Loans
The loan relates to funds received from Equitrain Limited, a company whose directors are also Trustees of this charity. There were total loan repayments of £1,820 to this account during the year.
5. Trustee Expenses
Expenses paid to trustees during the year represents reimbursements made to 2 trustees (2022 2 trustees) for expenditure incurred in their role as trustee. Trustees worked honorarily for the charity during the year and received no remuneration (2022 £nil). One of the Trustees, T Cooper, invoiced the charity £1,440 from her business, Tracy Cooper Bookkeeping Services, for bookkeeping services supplied. Another Trustee, W Clent, was paid £13,800 for the rental of his land and buildings for the use of the charity and for feed suppled to the charity.
6. Bank and cash
Bank and cash includes cash from the sale of goods along with cash drawn from the bank to fund expenditure. Cash from the sale of goods is generally set aside for the purpose of buying winter hay stocks.