COMPANY REGISTRATION NUMBER: 08687994 CHARITY REGISTRATION NUMBER: 1176409 Summerfield Stables-Horses in the Community Company Limited by Guarantee Unaudited Financial Statements 30 September 2020 *NA7RKEKY• 3010612021 COMPANIES HWSE A23
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Summerfield Stables-Horses in the Community Company Limlted by Guarantse Financial Statements Year ended 30 September 2020 Page Trustees, annual report (incorporating the directo¢s report) Independent examine¢s report to the trustees Statement of financial activities {including income and expenditure account) Statement of financial position 10 Notes to the financial slatements 11 The following pages do not form part of the financial slatements Detailed statement of financial actNrties 19 Notes to the detailed statement of financial actrvities 20
Summerfield Stables-Horses in the Community Company Limited by Guarantse Trust•es' Annual Report (Incorporating the Dlrector's Report) Year ended 30 September 2020 The tiustee$, wlK> are also the directors for the purFLises of company law. present their report and the unaudited financial statements of the chanty for the year ended 30 September 2020. Objectives and activities About Summerfleld Stables Summerfield Stables is a wmrnunity group that has been established over forty-three years. Its aim is lo encourage children and young people in the Yardley Wotyj area of 8imiingham lo understand and interact with horses. The stables were started by Roslyn Tedd-urwin in June 1969 when she was 21. Since that time it ha5 been seNing the local communty and has provided many opportunities for children and adults alike. The young people who visit the stables are mo5Y betsn the ages of seven an(1 fifteen and come from the surrounding areas. including Yardley Wood. Hall Green, Balsall Heath. Kings Heath and Billesley. We particularly encourage children who have disabilib"es, bolh physical and mental as well as young people who have had behavioural issues. Some of our young people are not in mainstream school and we welcome looked after children and adopted children. On December 20th 2017 Summerfiekq Stables athieved registered charity stalus. This required some change510 ourcommittee as Roslyn Tedd-uwn resigned her positron and we added tsvo more trustees. Eleanor Holmes and Jennifer Di51ey-Jones. Georgina Uwn and Cheryl Fox- Barratt retsined their posi1Ksns on the committee. Roslyn Tedd-urwin still remains a very important figure in the day lo day running of the stables and has an important overview in decisions involving hotse welfare. The committee is extremely grateful for her contribution to the stables for over45 years and for her continuin9 contribution this year. We believe that inleracling and enga9ing wrth horses provides a unique experience for young people, which helps lo build their confidence and future aspirations. Horse riding and care develop young people's Iransferrable skills which is essential for many young people who may otherwise leave school without essential skills which they need for Ihe work place and society in general. Encouraging young people to volunteer is important as this may become a life-long interest which will help strengthen our ornmunilies for the future. Purpose To re-school and re-train rescue hofses in order to use them lo enable members of the community in the surrounding area to have acee5S to horse riding and related activitses with a particvjar focus Dn access for those suffering disability or disadvantage.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conlinved) Year ended 30 Septsmber 2020 Oblectives and a¢tivi¢le$ (¢¢nVnu¢d) Aims To promote any charitable purFoses for the benefft of the community in the area of Bimiingham and ils surrounding district I'the area of benefir.)., in particular, to provide fa¢ilib'es advice and guidance to enable members of the ¢ommunity within the area of benefit lo have the chance of horse riding and associated skill5." in particular lo provide a serVe which is intended lo make rhling and associated skills available to people who because of disabilibes or disadvantage suffered by them would have not been able to ride., to Provide such serviees Whe appropriate at a reduced Cost or no cost at all,. to impfove the welfare of equines by Tescue and rehabilitstion. Publlc Benefit We have referred lo the guidance contained in the Charity Commission's general guidance on publi¢ benefit when reviewing our aims and objectives and in planning our future activities. Achievemnts and performance To provide facllities. advice and guidance to enable members ol the communlty wlthin the area of nefIt to have the chance of horse riding and associated skllls. Summerfiekl Stables. 50th year has proved to be one of the most challengingl Despite Covid causing the stables to close for Significant pericJs. successful funding bids and fundraising efforts have enables us to make continued progress with our building work. The building work on our newest bck of stables was completed and a converted shipping contsiner to be used as a classroom was a150 Sited. Most 51gniftcantly was the prog$5 on the 1h"rtg around the stsble yard. Due to Covbd we realised that our activities would need lo be in much smaller 'bubbSes' an so we installed lighting around the site with funding from PetPlan so that we would be able lo run actNities after school ratherthan juston weekends. We became a Brits"sh Horse Society Approved Centre in the Summer of 2020 and due lo Covid some of the stage 1 and 2 exams have now been allowed onsrte. This gives access lo these inlemalionally Tecognised qualifications for many young people. During the March lockdown our vtsits from le1 schools and nurserEs stopped. Despite this many of our key volunteers continued throughout the lock down period. Many of these were teenagers who found that the volunteering was essential to Iheif mental health. Many of our rnosl vulnerable children also have EHC plans and so were allowed by the local council lo continue wlh activities which were an integral part of their education or mental well*eing. As a resutt we were able lo keep the horses fit during the March lockdown and this enabled us to open as soon a5 the lock down ended with reslriclions in place.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Reportl (¢ofttlnu Year ended 30 September 2020 Achievements and performance iconllnwdj In particular to provlde a service whSch is inlended to malte rldlng and associated skills avallabl• to people who because of disabilities or disadvantage suffereil by thwm would hovg not been abl• to ridtr. Throughout Covid we continued some of our provision for the most vulnerabk children such as those with Disabilities. those in care and those who are excluded from or at risk of exclusion from school. This year we provided Plaments for young Peop attending Uffculme School and James Brindley School, which are both sehools which speeialise in provision for children with Aulism. We aim lo extend these links lo more children in future enabling the young people to interact wjth hotses bul also to train for exams with the British Horse Society. Throughout Covid the wailing list for nding lesson5 ha$ InC85ed as there has been a huge intere$t in oulIJooT activities and also many childien have needed aclivilies Ihat support their mental health. Once the stables ieopened after lockdown all of our current rKlers were able to restsrt bul we were mel with the ¢hallenges of the resth"clions on numkrs set by the govemment and the necessary cleaning of equipment. During the pandern many of our young people struggled with their mental health and many joined our wailing list who have complex needs including those with severe mental health problems and those al risk of suicide. We were parbcularly anxious about many of the Children we support who are al risk of radiea1isatn and those who are at risk of domestbc violence. These were some of the first children io restsrt lessons after the relaxation of thkdown rules. Our pony days were as ever popular throughout 2019 through to March 2020 however they were then cancelletJ due lo lockdown. During Summer 2020 we became a Pony Club linked centre so that younger children wo ride with us and join in our pony days will be able to work towards badges and achievement awards. This will be a good way to improve chiidfen's self-confidence and our youngest members ffom the age of three upwards will benefit in the future. Many of our a¢kn'vity days and tsster session5 for those with disabilities have had lo be on hold this year due to Covid as scKial distancing is not possible during these activities. We hope to restsrt these as soon as social dtstsncing regulath.ons will allow. One of the huge successes of 2020 was our detem1inatn to hold pony camps where it was safe to do so. Due to this we had much srnaller nurnbers on each camp (four on each camp) and had lo adhere lo social distancing. Due lo rnost of our activtties being out-doors we thankfully were able to keep all riders safe and Covid free and they were able to have a much needed holiday at Kinlel Hall in Kiddeminsler- sadly our last chance to use this venue due to its sale in September 2020. Although 8 huge uplift for all of the team the camps were a huge strain on our staff and volunteers who were èn9aged in camps for three weeks as we ran a total of 7 camps. We offered funding for many of the young people on these camps, some from our own funds and Yardley great trust also sponsored some young people.
Summerfield Stables-Horses in the Community Company Limitsd by Guarantee Trustees. Annual Report (Incorporating the DirectoVs Report) {thllnu6dJ Year ended 30 September 2020 Achlevoments and perfornyance (conthuqd) To provide such services where approprfate at a reduced cost or Tro cost at all. In order lo keep the costs low we are now asking riders to pay a monthly membership whieh still works al the same cost per week for regular riders. For example- a payment of £48 per month funds one half hour lesson per week across the year and missed lessons can be rescheduled. Several of our riders continue to be fvnded by Yardley Great trusi for their riding and also for Pony camps. We would seek lo increase the number of children receiving lunding fof their riding over the coming year. for so many children, lack of money is the biggest factor preventing them from riding. CrIng Covid when lessons restarted bul reslriclions on groups were in place we did not charge extra for 1 to 1 lessons (which are double the price of a group lesson in a commercial riding sch(11. To improve the welfare of equlnes by rescue and rehabilltation In the winter of 2019 a new horse Searfett joined the stables from a private home as due to her difficult behaviour and the ownerfs personal circumstsnces making rt difficurt for the owner lo cope. In summer 2020 we welcomed tsvo new equines lo the stables on loan from Ingestre stsbles in Slaffordshire. The ponies were unable to be ridden due to leadrein lessons being ¢ancelled and so they were gaining weight which caused a big risk lo their health. We were delighted lo be awarded a Pel Plan Grant towards our volunteer Iraining and the development of our facilities for the training of volunteers. This was to upskill our volunteers as soon as lockdown restrictions were lrfted and it meant thal we became a British Horse Society Approved centre in 2020- enabling us lo run some of the Stage 1 and Exams on srte. In order to develop the volunteer training Pela Roberts a fellow of the Bnts"sh Horse Society joined the team in a freelan¢e capacity to supplement the training already run by Dan Spencer. This has been of huge benefit to our team of volunteers as well as to our horses. This year we continued lo work to improve the welfare of horses in our care by providing the farriery. veterinary, denb.slry and chiropractic treatments that they needed to stay in good health. Sadly some of the veterinary treatment for the animals in our care is not ay5 successful and one youn9 horse died due lo colic in July 2021 and another was euthanised in November 2019 due lo worsening arthritis. Risk$ The trustees are aware of the risks connecled with operatrng 8 charity involvin9 animals and providing services lo childien and other vulnerable people_ Al risks are kept under review including operational and financial arKI equally applying to staff and service users.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorf¥ Report) (conllnuvdj Year ended 30 September 2020 Flnanclal r&view The gross incoming resources for the period were £1[.488 12019.. £62.5091. consistin9 mainly of leesldonations lor rjding, grants of £36.647 12019.- £7.084) and general donations of £15,555 12019." £5.4621. £500 ofthe grants received were for reslri¢led purposes. Total expenses We £102.23412019'. £60.011 lof which £2,200 was reStrted. The net result was a surplus for the yeaf of £4.254 {2019: £2,498). The final resu was a net increase in general funds of £5,954 and a decrease in restricted fvnds of £1.700. Total fvnd$ Carried forward were £18.582 9eneral and £nil $trted. These funds will be used in the future for the improvement of stte and facility costs. No reserves poIY has yet been established. The trustee$ have a number of aims for growth and therefore il is unlikely that any signfficant feserves wll be built up in the near future as all monie5 wll be spent. Al the balance sheet date the charity had net assets of £18.582. This includes a trustee loan of £7,150 made in previous years. The trustee has confirmed that she will not seek repayment of the loan untsl the charity is in a sufficientiy stable financial position. Plans for future periods Expansion and improvement of facllities Much of the planned building work aroljnd our site was completed in 2020 however with sc¢ial distancing regulalions in place il has become clear that more cLqssroom space is needed lo ensure we can keep 'bubbles' of young people separate. Over the next year we aim to make more classr¢)om and covered space so that we can continue lo work in small groups no matter what the weather. We will also look for funding lo buikl an aeeessible toilel and changing room to make the site more accessible.
Summerfield Stables-Horses in the Community Company Limited by Guarante• Trustees, Annual Report (Incorporating the Directorfs Report) (¢ontlnu8d) Year ended 30 September 2020 RESPONSIBILITIES OF THE TRUSTEESIDIRECTORS The trusleesldireclofs are responsible for prepann9 the Annual Report and the financial statements in accordance with applicable law and regulations_ Company law requires the trustees to prepare financial slatements for each financial year. Under that law the trustees have elected to prepare the financial statemenls in accoidance with United Kingdom Generally Accepted Accounting Pfaelice Iuniled "ngdoM Accounting Stsndards and applicable lawl. Under Company law the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that period. In preparing these fi'nancial statements, the trustees are required to". ' seleel suitable a¢counts"ng polic$ and then apply them consiSteny. ' observe the methcrfls and win¢iples in the Charitr'es SORP.. ' make judgements and accounb.ng esb"mates that are reasonable and prudent., stale whether apPlicae UK Accounting Slandards have been followed. subject to any material departures disclosed and expL3ined in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operaliTh). The directors are responsibie for kee"llg adequate *eounts'ng records that are sufficient to show ant1 explain the charitable Company's transactions and disclose with reasonable accuracy at any lime the rinancial position of the charttabk company and enable them to ensure that the fi'nancial statements comply with the Companies Act 20(. They are also responsible for safeguarding Ihe assets of the charitable company and hence for lth.ng reasonable steps for the prevention and detection of fraud and other Irregujarils. Structure. govemanee and managoment The Charity is a company limited by guarantee. Day to day control is exercised by G Unvin wrth the body oflruslees meets.ng on a regular basis. The CoMpY became a registered Charity on 20 December 2017. Although Summerfield Stables has existed for many years il was onty lncoipated in September 2013 and activitS were transferred to the company in February 2014.
Summerfield Stables-Horses in the Community Company Limited by Guarant•e Truslees. Annual Report (Incorporating the Directorfs Report) {c*wrtthu¢dJ Year ended 30 September 2020 Reference and administrative details Registered charlty name Summeffield Stables-Hor5es in the Communty Chailty reglstratlon number 1176409 Company registration number 08687994 Prfnclpal offke and reglstered 18 Stsplehurst Road office Hall Green Birmingham 828 9AS The Iruslees G Umin C Fox-Barrett J Disley-Jones EJ Holmes Accountsnts David Seeley FCA Chartered accountant Accuo Accounting Limited Chartered Accountants Alvechur¢h Birmingham B48 7JX Small company provisions This report has been prepared in accordance the provisn$ applicabie lo companies entitted lo the small companies exempts"on. The Iruslees, annual rert wa5 approved on 28 June 2021 and sKJned on behalf olthe board of Iruslees by.. G Urwin Trustee
Summerfield Stables-Horses in the Community Company Limitsd by Guarantse Independent Examinerfs Report to the Trustees of Summerfield Stables-Horses in the Community Year ended 30 September 2020 I report to the trustees on my examination of the ffinancial statements of Summerfield Stables-Hofses in the Community ('the charty.) for the year ended 30 September 2020. Responslbilitles and basls of report As the trustees of the company (and also its direelors for the purposes of company law) you are responsible for the preparation of the finanual statements in accordance with the requirements of the Companies Act 20061'the 20C6 ACY). Having satisfied myself that the aeeounts of the cornpany are not required to be audited uler Part 16 of the 2006 Acl and are eligible lor independenl examinalion. I report in respect of my examination of the charily's accounts as camed out under seetson 145 of the Chanties Act 2011 I'lhe 2011 Act.). In carrying Out my examinatson I have followed the Directions given by the Charity Commission under se¢lK)n 145(51(bl of the 2011 Act. Independent •Xominerfs statement I have completed my examinatKin. I confim) that no mattets have come to my attention in ¢onneclion th the examInatn giving me cause to believe.. a¢¢ountr"ng records were not kepl in respect of the charity as required by SeCtn 386 01 the 2006 Act. or the fInar1 ststements do not accord those records". or the financial statements do rKt comply with the accounting requirements of section 396 of the 2¢)06 Act other than any requirement that the a¢¢ounls gtve a 'true and fairf view which is not a matter considered as part of an independent examination" Of the financial statements have not been prepared in ac¢ordance th the methods and principles of the Ststemenl of Recommended Praclice for accounting and reporbng by charities applicable to chantj.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no eoncems and have come across no olher malters in Connection with the examination to which attention should be drawn in this report in order lo enabje a proper understanding of the accounts lo be reached. DAVID SEELEY FCA Chartered accountant Accuo Accounting Limited Chartered Accountants Aivechurch Birmingham 848 7JX 15J21
Summerfield Stables-Horses in the Community Company Llmited by Guarantee Statement of Financial Activities (including income and expenditure account) 30 September 2020 2020 Restricted fvnds Totsl fund$ Total funds 2019 Unrestricted fvnds Income and endowments Donations and legacies Other trading aclivittes Total income 51,702 54.286 SCM) 52,202 54.286 106,488 12,726 49,783 105,988 500 62.509 Expenditure Expen¢Jiture on charitsble activtti.es Total expenditure 100.034 2.200 102,234 102,234 60.011 100.034 2,200 60,071 Net income and net movement in funds 5.954 (1.7001 4.254 2,498 Reconclliation of funds Total funds brought forward Total funds caffied for4Yard 12.628 1.700 14,328 18.582 11,830 14.328 18,582 The statement of financial activities includes all gain5 and bsse$ recognised in the year. All income and expenditure derive from conbnuing activIts. Th• not•s on p•ges 11 to 17 forni part ofthtt¢ finan¢i•l ststefflents.
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Statement of Financial Position 30 September 2020 2020 2019 Fixod assets Tangible fixed assets 14 28,004 24,096 Currenl assets Cash al bank and in hand 1.852 Cieditors: amounts falling due within one y•ar Net current liabilities 15 10.190 11.620 9,422 18,582 18.582 9.768 Total ass¢t5 less current liabilities 14,328 Net assets 14,328 Funds of ihe charity Restricted funds Unrestricted funds 1,700 12,628 18.582 Total charity funds 16 18,582 14,328 For the year ending 30 September 2020 the charity was entitled to exemption from audit urmler section 477 of the Companies Act 20C6 relatsng to small companies. Directors, responsibilib"es: The members have not required the company to obtain an audit of its financial $tatemenls for the year in question in accordance wth strtion 476., The directors acknowledge Iheir responsibilities for complwng with the requirements of the A¢t th respect lo xcounting records and the preparab'on of financ1 statements. These financial slalements have been prepared in a¢cordan¢e with the provisions applicable lo companies subject lo the small companies. regime. These financial statements were approved by the toard of trustees and authortsed for issue on 28 June 2021, and are signed on behalf ol the boaTd by-. Trustee The notes on pages 11 to 17 fom) part of the¥e fin•ncial ststem•nts. -10-
Summerfield Stables-Horses in the Community Company Llmited by Guarantee Notes to tho Financial Statsments Year ended 30 September 2020 General infomiation The charity is a private ¢ompany limited by guarantee. regislered in England and Wales and a registered ¢harty in England and Wales_ The addres$ of the registered office is 18 Slaplehurst Road. Hall Green. Birniingham. 828 9AS. ststement of compllance These financial ststements have been prepared in compliance vitth FRS 102, 'The Financial Reporting Standard applicab in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland {FRS 1021 Ichaiities SORP {FRS 10211 and the Chanlies Act 2011. Accountlng poli¢le8 Basls of preparntlon The financial slatements have been prepared on the historical cost basis. Going concern There are no material uncertainties about the ¢hariVs ability to continue. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 by reason of being small. As such, advantage has been taken of the following disclosure exemptsons available lo it.. (al No cash Ilow statement has been presented for the company. Ib} Disclosures in respect of financial instruments have rnl been presented. 11
Summerfield Stables-Horses in the Community Company Llmited by Guarantee Notes to the Financial Statsments (conOnu8dJ Year ended 30 September 2020 Accounting policies fconJnu8dJ Judgements and key sources of estlmatlon uncertainty The preparation of the financial statements requi5 management lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are eontinually reviewed and are based on experience and other factors, ineluding expectations of future events that are bdieved lo be reasonable under the circumstsnces. Signrfunl jljdgements The judgements (apart from those involving estimation5} thal management has made in the process of applying the enlity's accounling policies and that have the most significant eflecl on the amounts recognised in the financial statements are as follows". there are no breaches of any regulations or legislatn that would impacl on the charity's ability lo continue lo operate in its cufTenl fomiat sufficEnl funding by way of grants or income gefteraled from aclivilies will be received lo enable the charity lo continue to operate. Key sources of estsmation uncertainty Accounting estimates and assumpts.ons are m&le concerning the future and, by their nature, will rarely equal the related actual outcome. The trustees do not believe, however, that there are any key assumptions or other Sour of esty"mation uncertainty that have a signifKanl risk of causing a material adjustment to Ihe carrying amounts ofassets and Iiabililies within the nexl financial year. Fund accountlng Unrestricted funds are available for use at the dtscretion of the trustees to further any of the charity's purposes. Restricted fvnds are subjected to reslriclions on theirexpendilure dectsred by the donor or through the terms of an appeal. and are generally reslricted income funds. Incoming r0e$ All income is included in the statement of financial activities when entidement has passed to the charity, il is probable that the economic benefi.ts assLxialed with the transaction will flow lo the charity and the amount can be reliably measured_ The following specffic polteS are applied lo particular cale9ories of income.. income from donations or grants is recognised when there is evidence of entitMent to the gift, receipt is probable and its amount can be measured reliably. income from riding a¢bvits"es is reco9ni5ed when receivable. 12-
Summerfield Stables-Horses in the Community Company Limit by Guarantee Notes to the Financial Ststements (COtttsnu¢dJ Year ended 30 September 2020 Accounting poli¢ie$ fcondnu8d) Resources expended Expenditure is recognised on an accruals b8$is as a liability 1$ incurred. Expenditure includes VAT as this which cannot l)e fecovered. and is cLassified under headin9s of the statement of financial aelivilies to which il rel8les-. expenditure on raising funds includes the eosts of all fundraising aCtiv[t$ and events expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support eosls and $ts relating to the governance of the charrty apportioned to charitable a¢livilies. other expenditure includes all expenditure that is neither related to (aising funds for the charity nor part of its expenditure on charitable activities. All costs are alk)caled to expenditure categories reflecb.ng the use of the resour. Direct costs attn'bulable to a single a¢b"vity are allocated directly to that activity. Shared costs aTe apportioned where applicable befvfftn the acts"vities they contn.bute to on a reasonable. justrfiable and consistent basis. Tangible asso19 All fixed assets are inilBlly recorded at cost Depreciation Depreciation is calculated so a5 to wnle off the cost or valuation of an asset. less its residual value, over the usefvl eeonomic life of that asset as follows". Stables equipment F"tureS and equipment 10% straight line 200h straight line Llmited by 9U3Tantse The company is limited by guarantee and consequenily has no share capital. Oonatlon$ and legacies Unrestricted Funds Restricted Total Funds Funds 2020 Donatlon$ General donations 15,555 15.555 Grants Grants receivable 36,147 51.702 500 36,647 500 52,202 Unrestn"¢ted Funds Restricted Totsl Funds Funds 2019 Donations General donalths 5.642 5.642 13-
Summerfield Stables-Horses in the Community Company Limitsd by Guarantee Notes to the Financial Statements Icon Year ended 30 September 2020 Donations and leg¥Ci¢S f¢oftiiJ7u*IJ Unrestricted Funds Restricted Total Funds Funds 2019 Grants Grants receivable 6.584 500 7.084 12,226 500 12,726 Olher trading activlties Unreslricted Total Funds unstrICted Totsl Funds Funds 2020 Funds 2019 Fees and contributions towards activities 54.286 $4.286 49.783 49,783 Expendlture on charltable actlvilies by fund type Unrestricled Funds Reslricled Total Funds Funds 2020 Riding tuition and activities Support costs 88,083 11.951 2,200 90,283 11,951 102,234 100.034 2.2Crf) Unrestricted Funds Restrtcted Total Funds Funds 2019 Riding tuition and activities Support costs 41,739 12,582 2,720 2.970 44.459 15,552 60,011 54.321 5,690 Expenditure on charttable activilies by actlvity type Activrties undertaken directly Supp)rt Totsl funds costs 2020 Total fund 2019 RKfing tuition arKI aebvities Govemance costs 90.283 10.631 1,320 11.951 100.914 1.320 58.691 1,320 60,011 90.283 102.234 -14-
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements rconthiued) Year ended 30 September 2020 Anatysls of Support costs Anatysts of support costs Total 2020 Total 2019 Staff costs Premises General office Govemance costs Support costs - Other costs 3.940 3,940 7,731 1,23S 3,534 1,320 1,732 4.472 1,320 1.732 4,472 1,320 1,732 11.951 11.951 15,552 10. Net income Net income is stated after charg1(Crediting). 2020 2019 Depreciation of tangible fixed assets 1,732 1,732 11. Independent examinatlon fees 2020 2019 Fees payable to the independent examiner tr. Independent examination of the financial statements Other financial services 480 1,320 1,320 12. Staff costs The total staff costs and employee lnefits for the repthng penod are analysed as follows." 2020 2019 Wages and salaries 22,833 11,925 The average head count of employee5 during the year was 4 (2019.. 2). The average number of full-time equivalent employees during Ihe year is analysed a5 follows: 2020 No. 2019 No. Number of apprentices No employee received empk)yee tefits of mofe than £60,000 during the year {2019.' Nill. Key Management PeOnnel The trustees consider they are the key management personnel. They received no remuneralion in either the current or previous years. -15-
Summerfield Stables-Horses in the Community Company Limitsd by Guarantee Notes to the Financial Statements {clnu•dJ Year ended 30 September 2020 13. Trustee remuneration and expenses no remuneration or other benefits from employmertt with the charity or a related ents'ty were received by the trustees., no trustee expenses have been incurred. 14. TaDglble fixed assets Land and buildings Plant and machinery Equipmenl Total Cost At 10ctober 2019 Additions 19,476 1,850 7.735 5,640 13,375 29,061 5.640 At 30 Septemb¢r 2020 Depreciation Al 1 October 2019 Charge for the year At 30 September 2020 Caffying amount AI 30 Septèmber 2020 At 30 September 2019 19.476 1.850 34,701 185 370 4.780 1.362 4,965 1,732 6,697 555 6,142 19.476 1.295 7.233 28,004 24,096 19.476 1.665 2.955 15. Creditovs: amounts falling due within one year 2020 2019 Other creditors 10,190 11,620 16. Analysis of charitable fvnds Unrestricted funds At 1 October 20 19 At30 September 2020 Income ExpenditUTe General funds 12.628 105.988 (100,0341 18.582 Restricted fvnd8 At 1 October 20 19 At30 September 2020 Income Expenditure Awards for All Wickshire College 1.700 11.7001 {5001 12,2001 500 1.700 16-
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements Ic4nfrftu•dJ Year ended 30 September 2020 17. Analysls of net assets between funds Unrestncted Totsl Funds Total Funds Funds 2020 2019 Tangible fixed assets Current assets Credrtors less than 1 year Net assets 28,004 28,004 768 (10,190) 18.582 24,096 1,852 (11,620} 14.328 (10.190) 18.582 18. Related parties During a previous year one of the trustees, Ms G Umn, made an inieresl-free loan to the charity of £7.500. Although the loan is repayable on demand she has confirmed that she will not seek payment unlil the charity is in a sufficiently financially stable positn to do this. During the year she lent a further £200 bul was repaid £550. The net amount outstanding at 30 September 2019 was £7.150. 17-