COMPANY REGISTRATION NUMBER.. 08687994 CHARITY REGISTRATION NUMBER: 1176409 Summerfield Stables-Horses in the Community Company Limited by Guarantee Unaudited Financial Statements 30 September 2021 HMMlll AB7868KP 3010612022 COMPANIES HOUSE A12
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Accuo Accounting Limited Chartered Accountants Alvechurch Birmingham B48 7JX
Summerfield Stables-Horses in the Community Company Limited by Guarantee Financial Statements Year ended 30 September 2021 Page Trustees, annual report (incorporating the director's report) Independent examineffs report to the trustees ststement of financial activities (including income and expenditure account) Statement of financial position 10 Notes to the financial ststements 11 The following pages do not fomi part of the financial statements Detailed statement of financial activities 21 Notes to the delailed statement of financial actNities 22
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report {Incorporatin9 the Directorfs Report) Year •nded 30 September 2021 The Irustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charrty for the year ended 30 September 2021. Achlevements and pgrforniance To provSde facilities, adylce and gvidance lo enable members of the communlty within the area of beneflt to have the chance ol hOe fldlng and associated skllls. Despite the uncertainty of the repeated lockdowns, this year has been one of rebuildiThJ and growth for the stsblesl One of the rnost significant changes rnade lo the Sile this year was Ihe inslallalion of a fully accessible toilet and changing room. Compete with shower and h9i5t. this building has made a huge differen¢e to the a¢¢essibility of the site for people who have disabilities or are wheelchair users. This building was built in memory of EV Thompson. one of our young riders who sadly died earty in 2020. Her mother used fvnds raised in her memory and a grant from Veolia and other local charitie5 10 complete this project so that other young people wrth disabilrties would be able lo benefit from access to the stables in the future. Smaller grants fomi SirJohn Middlemore helk*d to improve acces5 pathways to the main arena- this is an ongoing challenge due lo Ihe nature of our sile and we hope lo make the stables inea$ln9IY ae¢e$sible to wheelchair usets. We also installed another classroom solely for the purpose of BHS study and exams which have been incredibly popular overthis year. Continued progress was made with lighting to improve visibility at night as we have expanded our opening hours lo ¢ope with the demands of covid. We have gradually worked to build up the number of young people returning lo horse riding since the first lockdown. So far approximately 90% of our riders have returned and many new riders have started with us taking us just above our pre-covid numbers. Due to increased interest in outdoor sports and Closure of other riding schools we now still have a waiting list of people wishin9 to start. Across the summer holidays we enjoyed groups from tuition cenlres and other k)cal ehildren's groups who were able to enjoy horse ¢are and horse ridirwJ activilies.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Reportl (cOnnedj Year ended 30 September 2021 Achievements and performance (eortlinu8d) In particularto provid• a $ervi¢e which Is Intended to mako riding and assoclated skllls avallable to peopl¢ who be¢ause of disabllities or disadvantage suffered by them would have not been able to rfd•. Our work with schools has been particulady important for making riding accessible for those with disabilities and we have had an increase in visits for young people from James Brindley and Uffculme sehool as well as Irom other local schools. We a in¢reasingly Wofking wrth young people who are school refusers and have had difficulty retuming lo school after COVKI. Many have been accessin9 the stables on a part program to help them reintegrate into mainstream school. As we eonlinue our recovery from Covid we hope to built on this work and offer more provision and a more structured program lo children who are not attending school. Training for exams wth the Bnts"sh Horse Society has been a large part of this provision as it has helped to As already mentioned, a huge part of our work this year has been the provision of accessible changing area and toilet. This has opened up OUT provision lo include young people in wheelchairs as well as accessibility for parents and carers who are wheelchair users. As stxial distancing is being relaxed in outdoor settin9s and for people with disabilib.es we anre now able lo restart lessons for people with more complex needs. We are now more able than ever to provide services for children with a diverse range of needs. the main limitatn that we face now Is being oversubscribed and having a long wailing list. We have pfiorilised access for those who are struggling with mental health and those who have disabilities and have tried lo ensure that we are selecting those from the wailin9 list who have additional needs. We have created a Sunday aftemoon 'quiet sessron, for those with profound needs Dr who struggle socially so that they can have access lo the stables at a time when it is less busy. This is currently staffed by volunteers. Our pony days have been in huge demand this year, when we have been able to run them. We have increasingly kept aclwities out of dwrs and children have appreciated the return lo normality that this has given for them. For many who have been isolated during cov, retuming to working in small groups has been an important lime for them. Taster days and 'pat a pony se55ions' have been fully booked out each time we have run them and allow many families. who otherwise would not get this opportunity, the chance lo interact with horses. Following on from the success of 2020's away camps we searched hard for a new venue for our 2021 pony eamps. The Chase at Solihull was up for sale for development which means that sadly we may lose the grazrng that we have benefftted from for the lasl 15 years. Luckily they agreed lo be our venue for 2021 and we had an amazing lime with our young people as they allowed them the use of the swimming pool t¢JoI The pony camps are an incredible but exhausts'n9 time of year lor our team as again over three weeks as we ran a total of 9 camps. We also offered starter camp5 al the home field for children who have not ¢amped before. We offered funding for many of the young people on these camps, some from our own fvnds and Yardley great trust also sponsored some young people who benefitted greauy from the experience. To provide such servlces where appropriate at a reduced cost or no ¢o$t at all. Our membership s¢heme has enabled us to keep costs down this year and we are happy that. despite all the challenges we have faced. our eosts lo our riders have not increased. Many riders have struggled due financial Constraints and we are grateful to Yardley G8t Trust for their continued support of the most vulnerable riders irb their area. We are continuing lo seek new funding opportunib.es for riders who are struggling to afford the monthly financial contribution.
Summerfield Stables-Horses In the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eonlfnuedj Year •nd•d 30 Septsmber 2021 Achlevements and performance (¢onllnu•dJ To Improve the welfare of equines by r•scue and r•habilitatlon This year we welcomed several equines and two pigs lo join us at Summerfiel¢J Stables Molly, a fell mare joined us due to medical issues which made finding another home difficult for her owner who was retiring from keeping horses. Sven was a young wny who had been sold once lo an owner who was unable to meet the needs of a young horse and so his owners toughl him back and approached us lo see if we could offer him a permanent home. Billy. another Ingestre pony, came to join us a5 Inge5tre Stables will no longer be doing children's lessons and so they had no need forthe smaller ponies. 13.2hh New forest pony, Sunny, found rt drfficull lo find a new home when his owner was giwng up with horses. He can be cheeky and his strong personalty made il hard for him to be sold as a child's pony and so Summerfield was decided a$ a moft suitable option for him. Poppy a 16.2 horse hos joined us having been sold lo her previous owner in foal. she was bought unseen from Ireland. After having the foal she was then not fil enough to do the work that he had bought her lo do. All of the horses will be reschooled so that they are able to join us and support our work. Many of our older horse are coming closer lo retirement age and $0 it is important that younger horses are ready to take on this work as they retire. Two pigs also came to join us at the stables. having a vanety of animals is important for children's vis1ts as many children have not had access lo such animals belore. This year has seen an extraordinary year in terms of BHS exams. Due to covid we were able to host Stage 1 and 2 exams on sile and so many of our young people had the opportunity lo take British Horse Society qualifications close lo home and at a reduced cost. The stsbles declined their part of the assessment fee for intemal candidates to be abk to offer the exams al a reduced cost. These qualrficab.ons not only increase employabiltty for young people but by increasing knowledge for the correct eare and training of equines they help to improve equine welfare. Peta and Dan have held weekly sessions lo train volunteers, and their hard work has been greatly appre¢ialed. We have also now become 8 pony club linked cenler, giving our youngest members the opportunity to increase their knowledge and to achieve badges and qualifications on all aspe¢ls of horse care and welfare. We hope to see more development in our pony club over the coming years. This year we continued to work to improve the weware of horses in our care by providing the farriery, veterinary. dentistry and chiropraelic treatrnents that they needed to stay in good health. Our saddle fitter allend$ the stables regularty and we are gradually buying each horse an adjustsble saddle so that atjjuslments can be made frequently for theircomfort as they often change shape due lo weight I muscle gain or loss. Sadly one of Oljr well loved residents was euthanased this year, Gerts'e the goat had been wrth u$ for so many years. since she was a baby and was well loved by all the volunteers because of her gentle natu. Rlsks The Iruslees are aware of the risks connected wth operating a ¢hority involving animals and providing services lo children and other vulnerable peopje. All risks a kept under review including operational and financial and equally applying to staff and service users.
Summerfield Stables-Horses in the Community Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (conllnu¢d) Year ended 30 Septèmber 2021 Flnanclal revlew The gross incoming resources for the period were £182.599 (2020". £106,488). consisting mainly of feesldonation5 for riding, grants of £58,660 {2020". £36,647) and general donations of £12,73812020.' £15.5551. £27,910 of the grants CeIved were for restricted purposes relating lo the developrnenl and enhancement of the stables. facilities, including disabled access . Totsl expenses were £125.781 {2020'. £102,234). Of the £27.910 £27.260 was transferred lo general funds lo enable the improvement of the facilities. This expenditure has been capitalised. The remaining £650 has been retsined and will be spent in the coming year as the development continues_ The nel result was a surplus for the year of £56.77812020' £4.2541. The final result was a net increase in genernl funds of £56,128 and in strICted funds of £650. Total funds carried forward were £74,710 general and £650 restricted. These funds will be used in the future for the improvemenl of sile and facility costs. Free reserves ie excluding capital items were in deficit by £149. No reserves policy ha$ yet been estsblished. The trustees have a number of aims for growih and therefore it is unlikely that any significant tree reserves VAII be buill up in the near future a$ all monies will be spent At the balance sheet date the charity had net assets of £18.582. This includes a trnstee loan of £8,125 12020'.£7, 1501. The trustee has confirmed that she will not seek repayment of the loan until the charity is in a sufficienuy stable financial posrfion.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporatfng the Directorfs Report) feontthu¢d) Year ended 30 September 2021 Objectives and activities About Summerfleld Stables Summeffjeld Stsbles is a communty group that has been established over forty-three years. Ils airn is to en¢ouiage children and young people in the Yardley Wood area of Birmingham to understand and interact with horse5. The Stables We stsrted by Roslyn Tedd-urwin in June 1969 when she was 21. Since that time it has been serving the lo¢al community and has provided many opportunitie5 for children and adults alike. The young people who visit the stables are mostly betsveen the ages of seven and fifteen and come from the surrounding areas, including Yardky W¢)od. Hall Green. Balsall Heath. Kings Heath and Billesley. We particularfy encourage children who have disabilrties, b)th physical and mental as well as youn9 people who have had behavioural issues. Some of our young people are not in mainstream school and we welcome looked after children and adopted chbldren. On December 20th 2017 Summerfield Stables achieved registered charity status. This required some changes to our committee as Roslyn Tedd-umin resigned her position and we added two more trustees,. Eleanor Holmes and Jennifer Oisley-Jones. Georgina u1n and Cheryl Fox- Barratt retained their positions on the committee. Roslyn Tedd-Uin still remains a very Important figure in the day lo day running of the stables and has an important overview in decisions involving horse welfare. The committee is is extremely grateful for her contn"bution to the Stables for over 45 years and for her continuing contribukn.on this year. We believe that interacting and engaging wilh horses provides 8 unique experience for young people, which helps lo build their Conlence and fvlure aspirations. Horse iKJing and caTe develop young people's Iransferrable ski115 which is essential for many young people who may otherwise leave sch¢xJl without essential skills which they need for the worf( place and s¢xiely in general. Encouraging young people to volunteer is important as this may become a life-long interest which will help strengthen our ommunilies for the future. Purpose To re-school and train rescue horses in order lo use them lo enable members of the community in the surrounding area lo have access to horse rKling and related a¢tivits"es with a particular focus on access lor those suffering disability or disadvantage. Alms To promote any charitable purposes for the benefit of the communty in the area of Birmingham and its surrounding distr1 I'lhe area of benefiri.. in parti¢ular. to prowde facilthes adv and gUanCe to enable members of the community within the area of benefit to have the ehance of horse riding and associated skills." in particular to provide a setviee which is intended to make riding and aSSlated skills available lo people who because of disabilities or disadvantage suffered by them would have nol been able to ride," to provide such services where appropriate at a reduced cost or no cost al all- to improve the welfare of equines by rescue and rehabilitation.
Summerfield Stsbles-Horses in the Community Company Limltsd by Guarantee Trustees. Annual Report {In¢orporating the Directorfs Report) (continu8dJ Year ended 30 September 2021 Objectives and a¢tiviti•S (continuod) Publlc Benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future aclivilies. Structure. governance and management The Charity is a company limiled.by guarantee. Day to day control is exeffised by G Urwn wi(h the body of trustees meets'ng on a regular basis. The ¢¢YnpY became a registered Charity on 20 December 2017. Allhou9h Summerfield Stables has existed for many yeats tl wa5 only in¢orporated in September 2013 and activities were transferred lo the company in February 2014. ReferenGe •nd admlnistratlve details R•glstered charlty name Summerfiekl Stables-Horses in the Community Charlty r•gistratlon number 1176409 Company registration number 08687994 Principal officg and reglstefed 18 Staplehur5t Road offlce Hall Green Birmingham B28 9AS The trustees G Urwin C Fox-6arrett J Disley-Jones EJ Holmes Independ•nt •xamSner David Seeley FCA Accuo Aeeounting Limited Chartered Accountants Alvechurch Bimingham B48 7JX Small company provlslons This report has been prepared in accordance with the provisions appluble to companies entitled to the small companies exemption.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) fcontinuedj Year ended 30 September 2021 The trustees, annual report was approved on 28 June 2022 and signed on behatfof the board of trustees by-. G Uwin Trustee
Summerfield Stables-Horses in the Community Company Limited by Guarantee Independent EXamIneS Report to the Trustees of Summerfield Stsbles-Horses in the Community Year ended 30 September 2021 l pOrt to the trustee5 on my examination of the finanaal ststements of Summerfield SIables-Hoes in the Community ('Ihe ¢harity'l for the year ended 30 September 2021. Responsiblllties and basls of report As the trustees of the company land also ts directors for the purposes of company law) you are responsible for the preparation of the ffftancial statements in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'i. Having satisfied myself that the accounts of the cornpany a not required lo be audited under Part 16 of the 2006 Acl and a eligib for independent examinabon. I report in respect of my examination of Ihe charity's accoLrnts as carried out under section 145 of the Charrtie5 Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the DItionS given by the Charity Commission under section 14515)Ibl of the 2011 Act. IndepeDdent examlnorfs statement I have completed my examination. l confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe-. accounting Trcords were not kept in resm of the charity as required by section 386 of the 2006 Actr, or the financial statements do not accord wrth those records.. or the finaneial statements do not compty with the accounting requirements of secb.on of the 2006 Act other than any requirement that the accounts grve a 'true and fairf view which is not a matter eonsKlered as part of an independent examination.. or the financ1 statements have not been prepared in accordance wlh the rnelhods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable to chaub.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no con¢ern$ and have Come across no other matters in connecbon wilh the examination to which attention should be drawn in this report in order lo enable a proper understsnding of the accounts lo be reached. David Seeley FCA Independent Examiner Accuo Accounting Limited Chartered Accountsnts Alve¢hurch Birrningham B48 7JX
Summerfield Stables4orses in the Community Company Llmited by Guarantee ststement of Financial Activities (including income and expenditure account) Year ended 30 September 2021 2021 Reslrieted funds Total funds 2020 Unrestricted fvnds Total funds Income and endowments Donations and legacies Other trading activit$ Totsl Incom¢ 43.488 111,161 154,649 27.910 71.398 111,161 182.559 52,202 54,286 27.910 106,488 EXndItUre Expenditure on charitable activits'es Totsl expendlture 125.781 125.781 12S,781 125.781 102.234 102,234 Not Income 28.868 27.910 S6,778 4,254 Transfers betsveen funds 27.260 127.2601 Net movem¢nt in funds 56.128 650 56.778 4,254 Re¢onciliation of funds Total funds brought forward Total funds carrfed forwafd 18.582 18.582 14,328 74.710 650 75.360 18.582 The statement of financial aetivilies includes all gains and losses recc*3nised in the year. All income and expenditure derive from continuing acb"vities. The notss on Floges 11 to 19 forni part of thM¢ Ilnan¢lal ststements.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Statement of Financial Positlon 30 September 2021 2021 2020 Flxed assets Tangible fixed assets 14 75,509 28.004 Curient assets Debtors Cash at bank and in hand 15 2.250 10,686 12,936 768 768 Credltors: amounts falling duo wlthin one yo•r Net ¢uttent liablliti•s 16 13.085 10.190 149 9,422 Total assets les$ ¢urT•nt liabilitios 75.360 18,582 Net assets 75.360 18.582 Funds of tho ¢barity Restricted funds Unrestricted funds 650 74,710 75.360 18,582 18.582 Total charlty funds 18 For the year ending 30 September 2021 the charity was entrtkd to eXeMpTr from audit under sectson 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance ¥h section 476. The directors acknowledge their responsibilities for complying with the qUirementS ofthe Act with respect lo aecounling records and the preparatson of financial stalemenls. These financial statements have been prepared in accordance with the provisions ap1¢able to companies subject lo the small companies, regime. These h"nan¢ial staternents were approved by the board of trustees and aulhorised for issue on 28 June 2022. and are signed on behalf of the board by". G Urwin Trustee The not•$ on pages 11 to 19 forni part ol finanelal Statwnents. 10-
Summerfield Stables-Horses in the Community Company Limitsd by Guarantee Notes to the Financial Statements Year ended 30 September 2021 General Infomiation The charity is a public benefil entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 18 Staplehurst Road. Hall Geft. Birmingham. B28 9AS. Slatemenl of compllance These financial statements have been prepared in compliance wth FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in aecordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Icharilres SORP (FRS 10211 and the Companies Acl 20C6. Accounting pollci•s Basls of preparation The finan¢ial statements have been prepared on the historical cost basis. Going concern There are no matellal uncertainties about the chariVs ability to continue. Dlsclosure exemptlons The entity satish.es the criteria of being a qualifying enb'ty as defined in FRS 102 by reason of being small. As such. advantage has been taken of the following disclosure exemptions available lo it.. (al No cash flow ststement has been presented for the eompany. Ib) Disclosures in re$pect of financial instruments have not been presented. 11
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (caftthued) Year ended 30 September 2021 Accounting polici•s (¢anlinu8dJ Judgements and key SOU¢3 of estlmallon uncertalnty The PFeparalion of the financial stslements requires management lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and a based on exper¢ence and other factors, including expectstions of lulure events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimalionsl Ihal mana9ement has made in the process of applying the entity's accounts.ng policies and that have the most signrfi¢ant effe¢t on the amounts recognised in the financpl stalements are as follows" there are no breaches of any regulations or legislation thalwould impact on the charivs ability lo continue to operate in its current format sufficient funding by way of grants or income generated fr¢Jm activities will be received lo enable the charity to continue to operate. Key sources of estimabon uncertainly Accounting estimates and assumptions are made conceming the future and. by their nature. will rarety equal the related actual outeome. The trustees do nol believe. however, that there are any key assumptions or olher sources ol estimation uncertainty that have a significant risk of eausing a material adjuslmentlo the ¢arrying amounts of assets and liabilities within the next fi'nancial year. Fund accounting Unrestricted funds a availaNe for use at the diSCren of the trustees to further any of the charty's purposes_ Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through the tem15 of an appeal. and are generally restricted income funds. Incoming resources AJI income is included in the stslement of financial activibes when entitment has passed lo the charity, il is probable that the economic benefits assockqted with the transaction will flow to the eharity and the amount can be reliably measured. The folltiwng Specific po}leS are applied lo particular Categories of income.. income from donations or grants ts fecognised when there is evidence of entillemenl lo the gift. receipt 1$ probable and ils amount can be measured reliably. income from riding activities is re¢ognised when re¢eivable. -12-
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements Icmllnuedj Year ended 30 September 2021 Accountlng policies rcontlnu*l) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT as this which cannot be recovered. and 15 classthed under headings of the statement of financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundraising aclivilies and events expenditure on charitable activities includes all costs incurred by a charty in undertakin9 activities that further its charilable aims for the benefit of ils beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned lo charitsble acb"vities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are alkxated lo eXpendrtu categories refle¢b"ng the use of the resource. Direct costs attributable to a single activity are allocated directly to that acltvily. Shared costs are apportioned where applicable betsveen the activrties they contribute lo on a reasonable. justifiable and consistent basis. Tangible assets All fixed assets are inits'ally recorded at cosL Depreciatlon Depreciation is caleulated so as to write off the cost or valuation of an asset. less ils residual value. over the useful economic life of that asset as follows.. Stables equipment Fixtures and equipment 10% straight line 20% straight line Llmiled by gu•rant•e The company is limited by guarantee and consequenuy has no share eapital. Donations and legacles Unreslrieted Funds Reslricled Total Funds Funds 2021 Donatlon$ General ¢Jonalion5 12.738 12.738 -13-
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Flnancial Statements (¢oftWnued) Year ended 30 Septsmber 2021 Donatlons and lggacies {eOnllnuthY) Unrestricted Funds Restricted Total Funds Fund5 2021 Grants Grants receNable Yardley Great Trust Groundwork Granlham Yoike National Lottery Veolia John Middlemore We are Making a Differen¢e 5.000 1,000 4,800 19,950 21,910 2.500 3,500 1,000 4.800 19.950 21.910 2.500 3.500 43.488 27.910 71.398 Unrestricted Funds Reslricled Total Funds Funds 2020 Donations General donations 15.555 15,555 Grants Grants receivable Yardley Great Trust Groundwork Granlham Yorke National Lottery Veolia John Middlemore We are Making a Differen¢e 36.147 500 36,647 51.702 500 52,202 Other tradlng octivltles Unrestricted Total Funds Unre51rKted Total Funds Funds 2021 Funds 2020 Fees and ¢onlributions towar(Is a¢ts"vilies 111.161 54.286 54.286 -14-
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements icondnu8d) Year ended 30 September 2021 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2021 RKling tuition and activities Support costs 93,036 32,745 93,036 32,745 125,781 125,781 Unrestricted Funds Restricted Total Funds Funds 2020 Riding tuition and activities Support costs 88.083 11.951 2,200 90.283 11,951 100.034 2.200 102,234 Expenditure on ¢harltable actfvlties by actlvlty type Actiwties undertaken direcdy Support Total fund$ costs 2021 Total fund 2020 Riding tuition and a¢b'vities Govemance costs 93,036 31,385 1,360 124,421 1.360 100,914 1,320 93.036 32.745 125,781 102,234 Analysis of support cosls . Analysis of support eosts Total 2021 Totsl 2020 Staff costs Premises General office Govemance costs SupFort ¢05ts - Other costs 3,940 487 4,472 1,320 1,732 11,951 452 4,552 452 4,SS2 1.360 3,275 9.639 3,275 9,639 10. Net Income Net in¢ome is stated after chargingl(credrting): 2021 2020 Depre¢iab"on ol tangible fixed assets 3.275 1,732 -15-
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Ststements f¢onthuetQ Year ended 30 September 2021 11. Independent examinatlon fee5 2021 2020 Fees payable to the independent examiner for. Independent examinabon of tr financial ststements Other financial services 500 860 480 840 1.360 1.320 12. Staff costs The totsl stsff costs and employee tenefits for the reporting penod are analysed as folkm.. 2021 2020 Wages and salaries Empjoyer ¢onknbution$ lo pension plans 43,907 145 22.833 44,052 22.833 The average head count of empfoyees during the year was 4 (2020. 41. The average number of full-lime equivalenl employees during the year is analysed as follows". 2021 No. 2020 No. Number of apprenb'ces No employee received emYee benefits of more than £60.000 durirKJ the year {2020". Nil). Key Management Personnel The Iruslees consider Ihey are the key management personnel. They received no rernuneralion in either the current or prevrous years. 13. Tts? remuneralion and expense8 no iemuneration or other benefits frcffi employment wth the charity or a related entity were received by the trustees,. no tru$tee expenses have been incurred. 16-
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (¢¢ftDnuedJ Year ended 30 September 2021 14. Tanglb* fixed assets Land and buildings Fyant and machinery Equipment Totsl Cost At 1 October 2020 Additions 19.476 $0,780 1.850 13.375 34,701 50.780 At 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 Sgptember 2021 Carrylng amount At 30 septèrnr 2021 At 30 September 2020 70,256 1.850 13,375 85,481 555 185 6,142 3.090 6,697 3.275 740 9.232 9.972 70.256 1.110 4,143 75,509 28,004 19.476 1.295 7.233 15. Debtor8 2021 2020 Other debtors 2,250 16. Creditors: amounts falllng due wlthin ono year 2021 2020 AccTuals and deferred income Social security and other taxes Other CditOrS 4.485 454 8.146 3.040 7,150 13,085 10.190 17. Pensions and other post retirement benefhs Delingd contrfbution plans The amount recognised in income or expeThlilure as an expense in relation to defined contributn plans was £14512020.. £Nill. -17-
Summerfield Stables-Horses in the Community Company Limited by Guarantse Notes to the Flnancial Ststements (contrnusd) Year ended 30 Septsmber 2021 18. Anatysls of charitable lunds Unrostricted funds At30 September 2021 At1 October 2020 Income Expenditure Transfers General funds 18.582 154.649 (125,7811 27,260 74.710 At30 September 2020 October 2019 Income Expendrture Transfers General funds 12.628 105.988 (100,0341 18,582 Restrfcted funds At30 September 2021 October 2020 Income ExpendIre Transfers Awards for Ml Warwiekshire College Building WOTks and improvements 27,910 27,910 {27,2601 127,2601 650 650 At30 September 2020 At1 October 2019 In¢ome Expenditu Transfers Awards for All Wajwickshire College Building works and improvements 1.700 (1,7001 1500} 5tyJ 1.700 500 12.2001 18-
Summerfield Stables-Horses in the Community Company Limitsd by Guarantee Notes to the Financial Statements (¢ofttlAue¢l) Year •nded 30 September 2021 19. An•lysls of not assets between funds Unreslricled Funds Reslricled Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Nel assets 75.509 12,286 (13,0851 74.710 75.509 12.936 113.0851 75,360 650 650 UnrestriGted Funds Reslricled Totsl Funds Funds 2020 Tangible fixed assets Current assets Credrtors less than 1 year Net assets 28,004 768 110,190) 18.582 28.004 768 110.1901 18,582 20. Related partles During a previoijs year one of the trustees. Ms G Urwn. made an interest-free loan to the charity 01 £7,500. Although the loan is repayable on demand She has confirmed that she will not seek repayment until the charity is in a sufficienvy financially stable position lo do this. During the year she lent a further £975. The net amount outstanding at 30 September 2021 was £8.125. 19-