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2021-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details
Trustees' Report			2to4
Statement ofTrustees'		Responsibilities
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet
Notes to the Financial	Statements		9to21

		Reference and Administrative	Reference and Administrative	Details
Trustees		EMBower
		AJIKing
		ALMills
Principal Office		Little Fisherbriggs
		Rosehearty
		Fraserburgh
		Aberdeenshire
		AB43 6HH
Charity Registration	Number	1175106
Solicitors		Gardner Leader
		White Hart House
		20-24 Market Place
		Newbury
		Berkshire
		RG145BA
Bankers		The Cooperative	Bank
		16-17High Street
		Cardiff
		CF10 1AX
Accountants		UHY Ross Brooke
		16Dorcan Business Village
		Murdock Road
		Dorcan
		Swindon
		Wiltshire
		SN3 5HY

					Total
				Unrestricted	2021
			Note
Income and Endowments		from:
Investment income				160,660	160,660
Other income				51,188	51,188
Total income				211,848	211,848
Expenditure on:
Charitable activities				(61,680)	(61,680)
Other expenditure				(129,696)	(129,696)
Total expenditure				(191,376)	(191,376)
Gains/losses on investment		assets		278,114	278,114
Net movement in funds				298,586	298,586
Reconciliation offunds
I
Total funds brought	forward			4,468,322	4,468,322
Total funds carried	forward		18	4,766,908	4,766,908
				Unrestricted	Total
				funds	2020
			Note
Income and Endowments		from:
Donations and legacies				4,498,210	4,498,210
Investment income				136,169	136,169
Other income				9,347	9,347
Total income				4,643,726	4,643,726
Expenditure on:
.Charitable activities				(45,660)	(45,660)
Other expenditure				(95,799)	(95,799)
Total expenditure				(141,459)	(141,459)
Gains/losses on investment		assets		(48,213)	(48,213)
Net income				4,454,054	4,454,054
Net movement in funds				4,454,054	4,454,054
Reconciliation offunds
Total funds brought	forward			14,268	14,268
Total funds carried forward			18	4,468,322	4,468,322

		Bala	nce Sheet as at	31March 202	1
					2021	2020
				Note
Fixed assets
Tangible assets				11	1,563,664	1,545,953
Investments				12	3,021,614	2,775,225
					4,585,278	4,321,178
Current assets
Stocks				13	43,520	35,070
Debtors				14	19,451	4,420
Cash at bank	and in hand			15	146,865	116,962
					209,836	156,452
Creditors: Amounts		falling due within	one year	16	(28,206)	(9,308)
Net current	assets				181,630	147,144
Net assets					4,766,908	4,468,322
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds				4,766,908	4,468,322
Total funds				18	4,766,908	4,468,322

No depreciation is charged on Classic cars o	r Land and buildings due to the high re	sidual value ofthes
Asset class	Depreciation	method and rate
Plant and Machinery	25%straight	line
Classic cars	Nil
Fixtures and fittings	15%straight	line
Land and buildings	Nil

2 Income from		donations and legacies
				Total		Total
				2021		2020
Donations and legacies;
Legacies						4,498,210
						4,498,210
3 Investment	income
			Unrestricted
			funds	Total		Total
			General	2021		2020
Income from dividends;
Dividends receivable &om other listed investments			13,021	13,021		7,981
Income from rents			147,437	147,437		128,118
Interest receivable		and similar income;
Interest receivable on bank deposits			202		202		70
			160,660	160,660		136,169
4 Other income
			Unrestricted
			funds	Total		Total
			General	2021		2020
			f.
Livery income			3,080	3,080
Subsidy income			3,926	3,926		5,029
Sale ofmachinery						1,300
Profit/loss on disposal ofinvestments			42,276	42,276		3,018
Bank compensation			50		50
Profit on disposal		offixed assets	1,856	1,856
			51,188	51,188		9,347

		Activity	Activity
		support	costs	2021	2020
Care for Cabbet Arab horses			41,109	41,109	18,235
Legal and Professional-	governance		12,789	12,789	18,123
Accountancy- governance			7,782	7,782	5,702
Audit fee- governance					3,600
			61,680	61,680	45,660

				Unrestricted
					Total	Total
				General	2021	2020
Staff costs
Pension costs				369	369	180
Wages and salaries				20,793	20,793	13,518
Travel and subsistence				1,056	1,056	782
Casual wages				6,080	6,080	4,180
Rent and rates				5,399	5,399	3,143
Light, heat and power				2,875	2,875	1,325
Repairs and maintenance				28,349	28,349	12,021
Telephone and fax				532	532	469
Printing, postage and stationery				440	440	47
Trade subscriptions				266	266	170
Hire ofplant and machinery		(Spot	hire)			2,960
Sundry expenses				522	522	89
Cleaning				33	33	129
Motor expenses				3,364	3,364	2,696
Management fees				14,631	14,631	9,563
Bookkeeping				2,532	2,532	1,458
Insurance				10,164	10,164	5,973
Depreciation ofplant and machinery				2,574	2,574	729
Depreciation offixtures and		fittings		15,878	15,878	8,165
Legal and professional fees				10,977	10,977	28,202
Stafftraining				335	335
Equipment repairs	and renewals			2,185	2,185
Computer software	and maintenance		costs	274	274
Depreciation ofoffice equipment				68	68
				129,696	129,696	95,799

				Unrestricted
				funds	Total	Total
				General	2021	2020
Audit fees
The audit ofthe charity's		annual	accounts			3,600
Accountancy	fees
Accountancy	fees			7,782	7,782	5,702
Legal fees				12,789	12,789	18,123
				20,571	20,571	27,425

		2021	2020
Staff costs during	the year were:
Wages and salaries		20,793	13,518
Pension costs		369	180
		21,162	13,698

2021	2020
No	No

11Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Classic cars	Total
Cost
At 1April 2020	1,100,000	96,847	358,000	1,554,847
Additions		40,826		40,826
Disposals		(5,250)		(5,250)
At 31March 2021	1,100,000	132,423	358,000	1,590,423
Depreciation
At 1 April 2020		8,894		8,894
Charge for the year		18,521		18,521
Eliminated on disposals		(656)		(656)
At 31March 2021		26,759		26,759
Net book value
At 31March 2021	1,100,000	105,664	358,000	1,563,664
At 31March 2020	1,100,000	87,953	358,000	1,545,953
12 Fixed asset investments
			2021	2020
Investment properties			2,422,155	2,143,500
Other investments			599,459	631,725
			3,021,614	2,775,225

Investment properties
	Investment
	properties
Cost or Valuation
At 1 April 2020	2,143,500
Revaluation	278,655
At 31March 2021	2,422,155
Provision
At 31March 2021
Net book value
At 31March 2021	2,422,155
At 31March 2020	2,143,500

Other investments
	Listed
	investments	Total
Cost or Valuation
At 1 April 2020	631,725	631,725
Revaluation	(541)	(541)
Additions	600,000	600,000
Disposais	(631,725)	(631,725)
At 31March 2021	599,459	599,459
Net book value
At 31March 2021	599,459	599,459
At 31March 2020	631,725	631,725
13 Stock
	2021	2020
Stocks	43,520	35,070
14 Debtors
	2021	2020
Trade debtors	12,583
Prepayments	370
Accrued income	6,428	4,420
Other debtors	70
	19,451	4,420
15 Cash and cash equivalents
	2021	2020
Cash at bank	146,865	116,962

16 Creditors: amounts falling due within one year
	2021	2020
Trade creditors	10,098	1,528
Other taxation and social security	708	108
Other creditors	6,412	52
Accruals	10,800	7,200
Deferred income	188	420
	28,206	9,308

18 Funds
		Balance at 1	Incoming	Resources	Balance at31
		April 2020	resources	expended	March 2021
Unrestricted	funds
General
Unrestricted	funds	4,468,322	489,962	(191,376)	4,766,908
		Balance at 1	Incoming	Resources	Balance at31
		April 2019	resources	expended	March 2020
Unrestricted	funds
General
Unrestricted	funds	14,268	4,643,726	(189,672)	4,468,322

19 Analysis of	net assets between funds
		Unrestricted	Total funds at
		funds	31March
		General	2021
Tangible fixed assets		1,563,664	1,563,664
Fixed asset investments		3,021,614	3,021,614
Current assets		209,836	209,836
Current liabilities		(28,206)	(28,206)
Total net assets		4,766,908	4,766,908
		Unrestricted	Total funds at
		funds	31March
		General	2020
Tangible fixed assets		1,545,953	1,545,953
Fixed asset investments		2,775,225	2,775,225
Current assets		156,452	156,452
Current liabilities		(9,308)	(9,308)
Total net assets	.	4,468,322	4,468,322