Charity registration number 1173847 (England and Wales)
HOPTON REHAB & HOMING CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
HOPTON REHAB & HOMING CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | R Holt | (Appointed 23 June 2024) |
|---|---|---|
| W Clent | ||
| T Cooper | ||
| Charity number | Charity registration number 1173847 | |
| Principal address | Silver Birch Farm | |
| Stottesdon | ||
| Kidderminster | ||
| Worcestershire | ||
| DY14 8NH | ||
| Independent examiner | Kendall Wadley LLP | |
| Granta Lodge | ||
| 71 Graham Road | ||
| Malvern | ||
| Worcestershire | ||
| WR14 2JS | ||
| Bankers | Barclays Bank Plc | |
| Leicester | ||
| LE87 2BB |
HOPTON REHAB & HOMING CENTRE
CONTENTS
| Page | |
|---|---|
| Trustees' Report report | 1 - 3 |
| Statement of Trustees' Report responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 - 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 - 19 |
HOPTON REHAB & HOMING CENTRE
TRUSTEES' REPORT REPORT
FOR THE YEAR ENDED 31 JULY 2024
The Trustees present their annual report and financial statements for the year ended 31 July 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's constitution, 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 Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The charitable object is the promotion of humane behaviour towards horses by provided appropriate care, protection, treatment and security for those which are in need of care and attention by reason of sickness, maltreatment or poor circumstance, through the provision of facilities for the reception, care and treatment of such animals and the rehoming of them.
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Achievements and performance
Overview
Having received the keys to Silver Birch farm on 1 July 2023 we set about the major task of renovating and repairing the buildings and fencing. The first quarter of the year was focussed on moving the horses to the farm in groups as secure housing and grazing became available. The last of our equine residents moved in during October 2023, and the staff were relieved to have all the horses on one site, having previously been spread over several. It was hard to believe that just a few short years ago the charity could only dream of having a facility like this, and the charity is determined to respect the legacy. The year seemed to fly by with new staff, new routines and challenges, but gradually we established a new rhythm, and the horses all seemed happy and content in their new surroundings.
Having previously rented all our accommodation where building and property maintenance had been carried out by the landlords, this has been a huge learning curve, but we are enjoying the challenge.
Aim
Our long term aim is to reduce the number of horses on site, which will not only reduce our operating costs, but will free up more resources to offer support in the field.
We are always mindful of the generosity we receive from our donors, without which we would not be here, and we are hoping to find ways to give something back to both our supporters and the wider community.
Fundraising
Like most charities we suffered during the pandemic a few years ago and have found the current economic clime challenging. Donations fell this year, as many people struggle with the cost of living crisis. The discretionary trust has been a lifeline for the charity, and we are eternally grateful to the trustees for their support. It has given us breathing space while we regroup and look for new ways to raise money. We have ideas for several initiatives that we can run from the farm but still have a way to go with improving the facilities to accommodate visitors.
- 1 -
HOPTON REHAB & HOMING CENTRE
TRUSTEES' REPORT REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
Trusts and Foundations
We successfully obtained two small grants during this financial year and are hoping that having a permanent base now will open new opportunities for us.
Legacies
Aside the discretionary trust we received one small legacy during the year.
Marketing and Social Media
We kept a fairly low profile for much of the year, other than posting horses ready for rehoming or fostering, as there was so much to do at the farm. However, we did seek the guidance of an experienced social media marketer who gave us lots of useful tips which we began to use and will be incorporating in our marketing strategy going forward.
Financial review
Outgoing resources exceeded incoming resources by £123,202 this year (2023 incoming resources exceeded outgoing by £213,372), this is mainly due to renovation works undertaken at Silver Birch Farm.
The total funds of the charity at the balance sheet date reduced to £109,807, which is made up of unrestricted funds of £20,028 (2023 - £(10,997), designated funds of £89,779 (2023 - £nil) and restricted funds of £nil (2023 - £244,006).
Reserves policy
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.
Plans for future
The landscape has changed significantly in many ways since the inception of the charity. Notably we receive more requests to rehome horses for financial reasons than any other. We always help where we can but must be mindful that our own resources are far from infinite, and finding the right balance to maintain the quality of care for which we are known is an ongoing challenge.
We look forward to developing the facility at Silver Birch Farm, and to welcoming visitors in the not too distant future.
Structure, governance and management
The Charity is a Charitable Incorporated Organisation (CIO), its constitution is dated 1 February 2017. The governing documents instruct the trustees to act in a way to promote the objects of the charity.
The Trustees who served during the year and up to the date of signature of the financial statements were:
R Holt (Appointed 23 June 2024) W Clent T Cooper
Recruitment and appointment of trustees
Recruitment of 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.
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HOPTON REHAB & HOMING CENTRE
TRUSTEES' REPORT REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
Organisational structure
From January 2024 until March 2025 the day to day running of the charity was shared between Tracy Cooper and Ruth Holt.
The Trustees' Report report was approved by the Board of Trustees.
R Holt T Cooper Trustee Trustee
29 May 2025
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HOPTON REHAB & HOMING CENTRE
STATEMENT OF TRUSTEES' REPORT RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2024
The Trustees are responsible for preparing the Trustees' Report Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the 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 resources of the Charity for that year.
In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
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 sufficient 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 Charity (Accounts and Reports) Regulations 2008 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.
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HOPTON REHAB & HOMING CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HOPTON REHAB & HOMING CENTRE
I report to the Trustees on my examination of the financial statements of Hopton Rehab & Homing Centre (the Charity) for the year ended 31 July 2024.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW (Institute of Chartered Accountants in England and Wales) which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
-
1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do 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.
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.
Sarah Morley BA (Hons) ACA Kendall Wadley LLP
Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS
Dated: 29 May 2025
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HOPTON REHAB & HOMING CENTRE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
| Current financial year Unrestricted Unrestricted Restricted Total funds funds funds general Designated 2024 2024 2024 2024 Notes £ £ £ £ Income from: Donations and legacies 3 245,833 - 3,000 248,833 Charitable activities 4 10,738 - - 10,738 Other trading activities 5 308 - - 308 Investments 6 215 - - 215 Total income 257,094 - 3,000 260,094 Expenditure on: Charitable activities 7 225,019 4,725 152,502 382,246 Other expenditure 9 1,050 - - 1,050 Total expenditure 226,069 4,725 152,502 383,296 Net income/(expenditure) 31,025 (4,725) (149,502) (123,202) Transfers between funds - 94,504 (94,504) - Net movement in funds 10 31,025 89,779 (244,006) (123,202) Reconciliation of funds: Fund balances at 1 August 2023 (10,997) - 244,006 233,009 Fund balances at 31 July 2024 20,028 89,779 - 109,807 |
Total 2023 £ 366,184 25,853 717 51 |
|---|---|
| 392,805 | |
| 179,433 - |
|
| 179,433 | |
| 213,372 - |
|
| 213,372 19,637 |
|
| 233,009 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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HOPTON REHAB & HOMING CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
| Prior financial year Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 3 56,503 309,681 Charitable activities 4 25,853 - Other trading activities 5 717 - Investments 6 51 - Total income 83,124 309,681 Expenditure on: Charitable activities 7 137,258 42,175 Total expenditure 137,258 42,175 Net income/(expenditure) (54,134) 267,506 Transfers between funds 34,546 (34,546) Net movement in funds 10 (19,588) 232,960 Reconciliation of funds: Fund balances at 1 August 2022 8,591 11,046 Fund balances at 31 July 2023 (10,997) 244,006 |
Total 2023 £ 366,184 25,853 717 51 |
|---|---|
| 392,805 179,433 |
|
| 179,433 | |
| 213,372 - |
|
| 213,372 19,637 |
|
| 233,009 |
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HOPTON REHAB & HOMING CENTRE
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024
| Notes Fixed assets Property, plant and equipment 14 Current assets Trade and other receivables 15 Cash at bank and in hand Current liabilities 16 Net current (liabilities)/assets Total assets less current liabilities The funds of the Charity Restricted income funds 17 Unrestricted funds - general 19 Unrestricted funds - Designated 18 |
2024 £ - 5,465 5,465 (13,354) |
£ 117,696 (7,889) 109,807 - 20,028 89,779 109,807 |
2023 £ 250 231,528 231,778 (10,241) |
£ 11,472 221,537 233,009 244,006 (10,997) - 233,009 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 29 May 2025
R Holt Trustee
T Cooper Trustee
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
Charity information
Hopton Rehab & Homing Centre is a Charitable Incorporated Organisation (CIO), registered on 1 February 2017. Its principal address is Silver Birch Farm, Stottesdon, Kidderminster, Worcestershire, DY14 8NH.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's constitution, 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 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). The Charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 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 since been withdrawn.
The financial statements 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
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion 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.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements 20 years Straight line Plant and equipment 20% Straight line Fixtures and fittings 20% Straight line Computers 20% Straight line Motor vehicles 20% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of non-current assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include trade and other receivables 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 future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 23,133 - Legacies 222,700 - Grants - 3,000 245,833 3,000 Legacies Estate of late Janet George 220,200 - Caroline Trotman 2,500 - 222,700 - |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 23,133 36,503 - 222,700 20,000 283,150 3,000 - 26,531 248,833 56,503 309,681 220,200 - 283,150 2,500 - - 222,700 20,000 283,150 |
Total 2023 £ 36,503 303,150 26,531 |
|---|---|---|
| 366,184 | ||
| 283,150 - |
||
| 303,150 |
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Livery fees | ||
| Sale of goods | 2,010 | 14,756 |
| Sale of donated goods | ||
| Sale of goods | 8,088 | 9,911 |
| Other | ||
| Sale of goods | 640 | 717 |
| Gift Aid claimed | ||
| Other income | - | 469 |
| 10,738 | 25,853 |
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
5 Income from other trading activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fundraising events | 308 | 717 | |
| 6 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Interest receivable | 215 | 51 |
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
7 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| activities | activities | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Depreciation and impairment | 12,270 | 2,867 |
| Grazing, stabling & barn space rent | 2,625 | 33,546 |
| Forage, feed & supplements | 22,834 | 14,121 |
| Vet feeds & medicines | 30,727 | 17,941 |
| Farrier | 6,082 | 4,107 |
| Bedding | 2,173 | 905 |
| Tack, equipment & repairs | 219 | 1,792 |
| Transport costs | 4,122 | 3,084 |
| Staff salaries | 88,167 | 42,121 |
| Contract labour | 46,214 | 7,526 |
| Horses and horse sundries | 9,602 | 2,684 |
| Horsebox and vehicle expenses | 10,931 | 3,387 |
| Property maintenance | 106,187 | 31,871 |
| 342,153 | 165,952 | |
| Share of support and governance costs (see note 8) | ||
| Support | 27,520 | 10,771 |
| Governance | 12,573 | 2,710 |
| 382,246 | 179,433 | |
| Analysis by fund | ||
| Unrestricted funds - general | 225,019 | 137,258 |
| Unrestricted funds - Designated | 4,725 | - |
| Restricted funds | 152,502 | 42,175 |
| 382,246 | 179,433 |
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
8 Support costs allocated to activities
| 8 | Support costs allocated to activities | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Staff travelling | 1,212 | - | |
| Advertising | 1,999 | 1,593 | |
| Print, postage & telephone | 2,738 | 1,634 | |
| Light & heat | 3,641 | 205 | |
| Computer costs | 1,153 | 346 | |
| Repairs | 8,500 | 2,518 | |
| Insurance | 4,231 | 3,398 | |
| Subscriptions | 175 | 336 | |
| Sundry | 3,871 | 741 | |
| Governance costs | 12,573 | 2,710 | |
| 40,093 | 13,481 | ||
| Analysed between: | |||
| Charitable activities | 40,093 | 13,481 | |
| 2024 | 2023 | ||
| Governance costs comprise: | £ | £ | |
| Trustees expenses | 3,247 | - | |
| Accountancy | 5,838 | 2,650 | |
| Legal and professional | 3,488 | - | |
| 12,573 | 2,650 | ||
| 9 | Other expenditure | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Net loss on disposal of tangible fixed assets | 1,050 | - | |
| 10 | Net movement in funds | 2024 | 2023 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Depreciation of property, plant and equipment | 12,270 | 2,867 | |
| Loss on disposal of property, plant and equipment | 1,050 | - |
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
11 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year for their role as Trustees. 2 Trustees were reimbursed total Trustee expenses of £3,247.
12 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| 5 | 5 |
There were no employees whose annual remuneration was more than £60,000.
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
14 Property, plant and equipment
| Property improvements Plant and equipment Fixtures and fittings Computers £ £ £ £ Cost At 1 August 2023 - 1,139 - - Additions 94,504 12,139 785 1,346 Disposals - - - - At 31 July 2024 94,504 13,278 785 1,346 Depreciation and impairment At 1 August 2023 - 227 - - Depreciation charged in the year 4,725 2,656 157 268 Eliminated in respect of disposals - - - - At 31 July 2024 4,725 2,883 157 268 Carrying amount At 31 July 2024 89,779 10,395 628 1,078 At 31 July 2023 - 912 - - |
Motor vehicles £ 13,200 12,120 (3,000) 22,320 2,640 4,464 (600) 6,504 15,816 10,560 |
Total £ 14,339 120,894 (3,000) |
|---|---|---|
| 132,233 | ||
| 2,867 12,270 (600) |
||
| 14,537 | ||
| 117,696 | ||
| 11,472 |
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
15 Trade and other receivables
| 15 Trade and other receivables |
||
|---|---|---|
| Amounts falling due within one year: Trade receivables 16 Current liabilities Other taxation and social security Trade payables Other payables |
2024 £ - 2024 £ 768 4,354 8,232 13,354 |
2023 £ 250 |
| 2023 £ 84 - 10,157 |
||
| 10,241 |
17 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 August | At 1 August | Incoming | Resources | Transfers | At 31 July | At 31 July | |
|---|---|---|---|---|---|---|---|
| 2023 | resources | expended | 2024 | ||||
| £ | £ | £ | £ | £ | |||
| Estate of late Janet George | 240,975 | - | (146,471) | (94,504) | - | ||
| Staff cost reserve | 3,031 | - | (3,031) | - | - | ||
| Repairs to Horsebox | - | 3,000 | (3,000) | - | - | ||
| 244,006 | 3,000 | (152,502) | (94,504) | - | |||
| Previous year: | At 1 August | Incoming | Resources | Transfers | At 31 July | ||
| 2022 | resources | expended | 2023 | ||||
| £ | £ | £ | £ | £ | |||
| Estate of late Janet George | - | 283,150 | (42,175) | - | 240,975 | ||
| Staff reserve | 11,046 | 26,531 | - | (34,546) | 3,031 | ||
| 11,046 | 309,681 | 42,175 | (34,546) | 244,006 |
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
17 Restricted funds
(Continued)
Estate of the late Janet George - During the early part of 2023 there were a number of communications with the Executor of the estate. The assets were being held and managed via a discretionary trust, while the various parts of the estate were finalised. In June 2023 it was confirmed that the charity would be able to relocate to the property from 1 July 2023. The property included residential bungalow, land and outbuilding all requiring extensive renovation and work started in July 2023. Restricted funds were released by the discretionary trustees to enable 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. This year £222,200 has been received to support the ongoing running costs of the charity.
Staff reserve - Grants received in relation to staff costs.
Grant towards horsebox repair - £3,000 was received in the year,
18 Unrestricted funds - Designated
These are unrestricted funds which are material to the Charity's activities.
| At | 1 | August | Resources | Transfers | At | 31 July | |
|---|---|---|---|---|---|---|---|
| 2023 | expended | 2024 | |||||
| £ | £ | £ | £ | ||||
| Tangible assets | - | (4,725) | 94,504 | 89,779 |
The Trustees designate funds to match tangible fixed assets held where restricted funding is received to acquire assets. Once the purchase is complete the terms of funding have been met and a transfer is made between funds to reflect the asset is in general use by the charity.
During the year the charity invested the legacy monies received from the estate of the late Janet George into new fencing and a store at the farm.
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 August | Incoming | Resources | Transfers | At 31 July | |
|---|---|---|---|---|---|
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| General funds | (10,997) | 257,094 | (226,069) | - | 20,028 |
| Previous year: | At 1 August | Incoming | Resources | Transfers | At 31 July |
| 2022 | resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | |
| General funds | 8,591 | 83,124 | (137,258) | 34,546 | (10,997) |
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HOPTON REHAB & HOMING CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
20 Analysis of net assets between funds
| Unrestricted Unrestricted Restricted funds funds funds general Designated 2024 2024 2024 £ £ £ At 31 July 2024: Property, plant and equipment 27,917 89,779 - Current assets/(liabilities) (7,889) - - 20,028 89,779 - Unrestricted Unrestricted Restricted funds funds funds general Designated 2023 2023 2023 £ £ £ At 31 July 2023: Property, plant and equipment 11,472 - - Current assets/(liabilities) (22,469) - 244,006 (10,997) - 244,006 |
Total 2024 £ 117,696 (7,889) 109,807 Total 2023 £ 11,472 221,537 233,009 |
|---|---|
21 Related party transactions
Other payables includes a balance due to Equitrain Limited, a company whose director is also a Trustee of this charity. The outstanding balance amounted to £7,965 at the year end (2023 £9,850).
22 Analysis of changes in net funds
The Charity had no material debt during the year.
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