COMPANY REGISTRATION NUfvI8ER: 08687994 CHARITY REGISTRATION NUMBER: 1176409 Summerfield Stables-Horses in the Community Company Limited by Guarantee Unaudited Financial Statements 30 September 2023 AD66XL¥IU A13 *155 COMPANIES H¢JJSE
Summerfield Stables-Horses in the Community Company Limited by Guarnntee Financial Statements Year ended 30 September 2023 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (including income and expendrture account) 10 Statement of financial position 11 Notes to the financial statements 12 The following pages do not fomi part of the financlal statements Detailed statement of financial activities 21 Notes to the detailed stalement of financial activities 23
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dfjrectorfs Report) Year ended 30 September 2023 The trustees. who are also the directors for the purposes of company law. present their port and the unaudited financial statements of the charity for the year ended 30 September 2023. Objectives and actlvltles About Summerfield Stsbles Summerfield Stables is a community group that has been established over foty-three years. Its aim is to encourage children and youn9 people in the Yardy WocJ area of 8imingham to understand and interact with horses. The stsbles were started by Rostyn Tedd-UNiin in Jur 1969 when she was 21. Since that time it has been seNing the thal Mmunity and has provided many opportunities for children and adults alike. The young people who visit the stables are mostly tetsveen the ages of seven and fifteen and come from the surrounding area5, including Yardley Wood. Hall Green, Balsall Heath, King5 Heath and Billesfey. We particulady encourage children who have disabilities. both physical and menlal as well as youn9 people who have had behavioural issues. Some of our young people are not in mainstream school and we wel¢ome Icoked after children and adopted chiklren. On December 20th 2017 Summerfield Stables a¢hieved registered ¢harity status. This required some hanges lo our committee as Rostyn Tedd-UThYin resigned her posrtion and we added ) nw)re trustees," Eleanor Holmes and Jennifer Disley-Jones. Georgina Uwn and Cheryl Fox- Barratt retained their positions 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 horse welfare. The committee is is extremety grateful for her contribution lo Ihe stables for over 45 years and foi her continuing contribution this year. We believe that interacting and engaging wtlh horses prov#Jes a unique experience for young people, which helps to build their COnfider and fvture aspirakn"ons. Hofse riding and caTe develop youn9 people's Iransferrable skills which is essential for many young people who may otheiSe leave school without essential skills which they need for the woik place and society in general. Encouraging young people to volunteer is important a5 thb5 May becoff a life4ong interest whh will help strengthen our communities for the future. Purpose To re-school and re-train rescue horses in order lo use them to enable members of the community in the surrounding area to have access to horse riding and related activth.es with a particular focus on 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) (conlinu*dJ Year ended 30 September 2023 Objectives and activities (¢Mfrnu¢d) Alms To promote any charitable purposes for the benefft of the communty in the area of Birmingham and ils surrounding district I'the area of benefir'i. in partUlar. lo provide facilrties advice and guKlance to enable MberS of the wnmunity within the area of benefit to have Ihe Chan of horse riding and associated skills," in PartlI10r to provide a service which is intended to make riding and associated skills available to people who because of disabilities or disadvanlage suffered by them would have not been able lo ride., to provide such seThices where appropriate at a reduced cost or no cost at all.. to improve the welfare of equines by rescue and rehabilitation. Public Benefft We have referred to the guidance eontsined in the Charty Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our hjture activities. Achlevements and perfomian¢o To provide facilities, advice and guidance to enable members of the community withln the area of benefit to have the chance of horse rldlng and associated skills. This year was an exciling year for the stsbs as in June 2023 we opened a new site at Solihull Riding Club for the training and devekipment of our riders at stage 2 and 3 level. This sile has stsbling for six horses and we hope to s[Y develop and grow into il allowing us to relieve the pressure on the capacity of the Hall Green site. We buill our new srte frorn the ground up within one month with a huge amount of help from volunleers, partKulady Georgina UNin and the Lavin Family, who worked tirelessly to complete the 511e in kn.me for our open event on the 3rd June 2023, which was well attended by the BHS. BritTsh Equestnan and the pony ¢lub. Due to this huge development at Solihull there has been le$$ building work at SUMrf1e1d other than general maintenance work. The number of riders having weekty sessions with u5 now fairfy stable and the expansion of our opening hours to 8.00 three nights a week has allowed more capacity. Unfortunately due to increased publicity and the increased interest in outdoor sports and the benefrts of horse riding for mental health the wailing list is still increasing wrth currently 200 children waiting for spaces. We ho more capacity for lessons will develop throu9h the building of our new srte and the training of the new horses that we have acquired this year. The main demand is for beginner lessons bul there is also demand for the progression and development of riders in all areas. We are continuin9 to slowty expand our provision to meet this need.
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢onllnu8d) Year ended 30 September 2023 AchSe¥ements and performance ico1"6J In particular to provide a ser¥i¢e which is intended to make rlding and associated skills available to people who because of dlsabllltles or dlsadvantage suffered by them would have not been able to ride. This year has seen an expanSn in our Pfovision of the Changing lives through hotses ICLIHI program. This program is new to us al Summerfield but il is complementary to much of the work we have previousty done working with young people struggling at school. CLtH is especially developed to support the provision for young people al risk of exclusion as it is in line with the National Curriculum and so will compliment their school provision. The changing lives through horses provision would provide direct access lo the BHS stage exam and would gNe young people a route of progression tr)wards an internalionalty recognised qualificats"on. There is a huge demand for this provision from local schools and we hope to devebp this over the next few years. An important part of our work on aceessibilty has become raising the visibility of diversity within horse riding and horse care. We have again taken advanta9e of many photo opportunities with the BHS and Bri11sh Equestrian to enable them to produce more images showing ethnic diversity in particular. The horses for all research ¢ornpleted by British Equestrk4n in 2023 showed the importan¢e lor the visibility of minority groups in the sport and we are so pleased that the photos continue lo be part of their website and publications. In November 2022 Georgina Urwin won a national award from the British Horse society as an 'Unsung Hero. for the work with SuMnrfe1d Stabks and increasing acSsIbIlity in horse riding. This award ha5 helped to iai5e the profile of accessibility within the equestrian communty and the importance of it being an accessible sport. We hope other stables will welcome this and we will continue to see an increasingly diverse range of children seeking to access horse riding who may previously have had barriers which prevent them from accessing the sport. Levs Enable CIC has been hiring premises and horses this year to enable the provision of more specialised services for those wth complex needs. This alKJns wlh our aims of increasing accessibil to horses as we had a large number of young people on our warting list in need of more specialised services which we do not Cuntty have the Staffing for_ Levs Enable deliver one to one and small group pony care sessions at SuMMerfrd but also offer a mobile service which visits schools and day cenlres in the local area_ The improved facilities and the accessible toilet have made the work of this CIC possible and have opened up our srte to a huge range of people with disabilities. Our pony days have been in huge demand this year and our tsster days and 'pat a pony sessions, have been continued to be fvlly booked out each lime we have run Ihem and allow many families, who otherwise would not get thi5 Opportunity. the Chan lo interact with horses_ We have also run parties for Eid, carol singin9 at Christrnas and our Donkey has attended the lo¢al church on Palm Sunday. All these events have helped horses to be more visible in the community. Aer055 the holidays we conts'nued to run the HAF projeci funded by SireetGames for children receNing free school meals. This is a holiday club run across 4 days of the week which also supplEs one meal for eligible children. This has been hugety successful and we plan to conlinLTre this pro11 in the future. OUT Summer Camp at Solihull RKling Club was again very successful. For nearly two weeks we ran amps back to back to allow a range of young people to access the range of facilities for all disciplines from Oressage lo Cross Country. The Camps are importanl. not just for the riding skills for young people but also their Social and emotional devek)prrÈnt and we have done our best to keep them al as low a cost as possible desprte a more expensive venue. As well as eamps we have provided the opportunrties for young people lo attend Horse Shows at kn'ngs Heath Horse show. Cole5hill Heath Riding clLtb, online competitions and even the Natnal Riding Club championship al Onley where. once again, one of our young people won the 13 to 18 year old ¢alegory. Many of our children have been engaged in a¢bvilies relating to horse and pony racing this year with thiee older teenagers being awarded scholarships lo the 'RkJing a Dream Academy. gNing them a yea¢s scholarship to train to ride racehorses. This is an excellent opwrtunity for young people who wish to work within the equine industry and ils focus on young people from under-represented groups. Many other young people took part in week-long scholarship sessions at Newmarket which were free to all who took part.
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {coRliftued) Year ended 30 September 2023 Achlevements and perfom)ance fconunuedj We also received free tickets to the Horse for the Year show for a number of young people which was for many children the highlHJht of their yearl Raising aspIratn5 is an important part of our work and taking young people to see high level compelitK)ns is an important part of this. To provide such services where appropriate at a r¢du¢ed Cost or no ¢osl ot all. Again we are happy that we have been able to provide services for another year without a price rise. This has been due lo our nnthlY nMberShIp scheme so riders pay ffK*nlhly rather than per session which has provided more stability in our incorne. In order to keep on lop of the membership scheme we have started lo use the booking System EC Pro as il lakes the payments automatically This reduces the administrative burden on a weekly basis and will make booking in for a¢b"vibes ea$ier. Many of our riders eonlinue to slnjggle due financial constraints and we are again grateful to Yardley Great Trust for their ¢ontinued support of the rr#)st vulnerable riders in their area. We have been developing our Changing Lives through Horses program Ihrovgh the British Horse SOcty as this is fvnded by schools through a young person's EHCP and so will not be of an extra cost to the parent. This has enabled many young people to parttcipate in horse ¢are and riding sessions who wouhj otherwise be unable lo do so. We hope lo develop this s¢heftE more over the next few years.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Director's Report) (conllnued) Year •nd•d 30 S•ptemb•r 2023 Achlevements and performance f¢ontln¢rtdJ To improvg the welfare of equines by vtscue and rehabllitallon This year we welcomed several equines to join our permanent team al Summerfield. Spot-on joined us over the winter due to his owner reb.ring from riding and being unable lo find him a suitsble home. He has joined the Solihull team and is very popular with many riders. Lenny joined us after being recommended lo us by our vel. He struggles with his weKJht management and his behaviour and has struggled to find a new home due lo this. He is progressing Steadily with hi5 new role and with training is is gradually understanding the work in the school. In lime we hope he will be very useful as he is steady to ride and is a good weight carrier makn.ng him suitable for our beginner riders. Flynn is youn9 pony who is Sven's half brother. He has had very little training but IS 9ood nalufed and friendly. Dexler is a small bul speedy pony who has been offered to us by Murphy's old owners as he was unsuitable for the riding school where he had been working due 10 him being loo fast for the Children. He has been very popular in le$sons wtth a range of Children. Dreamer is a 14.2 Arab who has had an unsteady start in lrfe. He will eventually be for our more advaneed riders but he may lake a while to settle in his new role due to having had many hoffes in a short spxe of lime and this has affected his confidence. Jolene is a 14.2 cob who is currently on loan lo us while her owner is al university. She has done many riding club a¢b"¥ities in the pasl and we hope she will be suitabk for riders taking their stage 1 and 2 ride exams. This year we have continued lo build on our exam success al have held many exams at Stage 1. 2 and 3 level. Unfortunalety we are unable to run the stage 2 and 3 ride exam or the stage 3 teach exam but we hope that we would be able to run these at Solihull Riding Club. Again, many of our rKYe benefitted from the training voucher scheme which rolled out by the British Horse Society and was big step in making training towards BHS exarrts rrore affordable for young people. With the work of the BHS and the Pony club having a big focus on equine welfare Ihe increase in the availability of exams and the training will have a positive impact on horse welfare for years to come. This year we continued to work to tmprove the welfare of horses in our care by provhding the farriery. veterinary. dentisty and Chiropractsc treatments that they needed to stay in good health. Some of our horses wenl on training holiday5 Wlth our saddle fitter lo help improve their schooling or with their rehabilitation. We have spent a considerable amount on new saddles lo ensure each horse is ¢omfortable and has a saddle which will be able to be adapted to rrt them whenever they change in size. Sadty one of our retired residents was pul down this year. Toby had lived life to the fullest and had been retired for many years. He will be sadty missed by so many of the children. Risks The trustees are awa of the risks connected with operats'ng a charity invofviNJ animals and provKling services lo children and other vulnerable people. All risks are kept undef review including operational and financial and equally apptying to staff and tservice users.
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (et>nlinuedl Year ended 30 September 2023 Financial review The gross incoming resources for the period were £198.177 12022.. £167.148), consisting mainty of feesldonalions for riding, grants of £49,991 (2022.. £33.0111 and general donations of £5,388 12022". £10.9681. Although some grants were received towards specific a¢b"vib"es such as holiday activities and contributions Iowords apprentices, sala¥ies. these are considered part of the general activities of the charity and as such have been recorded as unrestricted. In addition donations of £3,500 towards the purchase of new horses have been treated as unfestted as the fvnds were fvlly expended in the year. Total expenses were £182.17712022: £152,966). As noted above all monies have been treated as unreslitted as being part of the charty's main aclivilie5. There were no restricted reserves brought loard and consequentty none carrfftl fOard at 30 September 2023. The net result was a surplus for the year of £16.05012022". £14.1821. This has en added lo general re5eryes. In addition the charity spent £10,088 on improving the fiding facilities and a further £19,720 on new stables and accommodation. Free reserves ie excluding capital items were in deficit by £9,820 12022.. £1,396) No reseTves poly has yet established The trustees have a number of aims for growth and thef¢re rt is unlikely that any snI[an1 free reserves will be built up in the near luture as all monie5 will be spent. At the balance sheet date the charity had net assets of £105.592. This includes a trustee loan of £1.927 (2022." £4.027). Part of this loan was repa in the year but the Iruslee has confimied that she will not seek repayment of the balance unts"I the chanty is in a Suff"entlY slable financial position. Plans for future periods Operational Despite having an increased number of riders on our try)oks we are continuing to slruggle to keep up with dernand for horse riding. We have over 200 children on the waiting list and some have profound needs. The new site at Solihull will help our riders to prc*Jress on and hopefulty create more capacity in this area but loner term we are also l¢)oking for other Fossibilities for creating more spaces for beginnefs and those needing more one-to-one support. We are exploring the option of opening a new site in in Yardley wood at the back of Christ Church in 2024 which will help us to conb.nue to meet our aim5 in the local community.
Summerfield Stsbles-Horses in the Community Company Llmited by Guarantse Trustees, Annual Report Ilncorporating the Directorfs Report) {CnUed) Year ended 30 September 2023 Plans for future perlods (conun RESPONSIBILITIES OF THE TRUSTEESIDIRECTORS The Irusleesldirectors are responsible for preparing the Annual Report and the financial $tstemenls in accordance with applicable law and Tegulations. Company law requires the trustees to prepare ffinancial statements for each financial year. Under that law the trustees have elected to prepare the financ1 ststements in accordance with United Kingdom Generalty A¢¢epted kcounling Practice (United Kingdom Accounting Stsndards and applicable lawl. Under company law the trustees musl not approve the financial statements unless they are sa115fied 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 financial stslemenls. the Iruslees are required lo". ' select suitable accounting policies and then appty them ¢onsi$tenUy: ' observe the methods and principles in the Charities SORP: ' make judgements and accountsng ests"mates that are reasonable and prudent.. slate whether applicable UK Accounting Standards have been followed. Subject to any material departures disclosed and eXpIned in the financial statements: prepare the fin2neial ststements on the going concem basis unless it is inappropriate to presume that the chantable Company will continue in operatn. The directors are responsible for keeping adequate a¢¢ounb"ng records Ihat are sufficient to slM)w and explain the charitable company's transactsons and discbse with reasonable accuracy at any ts'me the financial position of the charitable company and enable them to ensure that the financial statements omply with the Companies Ael 20C6. They are also reSF()ns1b for safeguarding the assets of the charitable company and hence for taking rea50nable steps for the prevention and detection of fraud and other irregularities. Structure. governance and rnanagement The Charity is a company limited by guarantee. Day to day Control is exercised by G Urwin with the b)dy of Injstees meeb.ng on a regular basis. The company became a registered Charity on 20 December 2017. Although Summerfield Stables has existed for many years il was onty inwrporoted in September 2013 and activities were transferred to the company in February 2014.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directorfs Report) Icontinu•d) Year ended 30 September 2023 Ref¢r•nce and administrative details Registered charlty name Sumn*rfield Stabks-Horses in the Community Charity registratlon number 1176409 Company registratlon number 08687994 Princlpal office and registewed 18 Staplehurst Road office Hall Green Birmingham B28 9AS The trustees G Urwin C Fox-Barrett J Disley-Jones EJ Holmes Independent examlner DavKI Seeley FCA Accuo Accounbng Limited Chartered Accountants Avechurch Bimingham B48 7JX Small Company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The Iruslees. annual report was approved on 27 June 2024 and 51gned on behaw of the board of trustees by.. G u1n Trustee
Summerfield Stables-Horses in the Community Company Limited by Guarantee Independent Examiner's Report to the Trustees of Summerfield Stables-Horses in the Community Year ended 30 September 2023 l port lo the trustees on my examination of the finanaal statements of Summerfield Stables-Horses in the Community l.'the chanty.) for the year ended 30 September 2023. Responslbllities and basis of report As the Iruslees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Aet,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent eXaminatn, I report in respect of my examination of the charity's accounts as carried out under se¢lion 145 of the Charities Act 2011 I'the 2011 Acl'l. In arrying out my examination I have followed the Di.0n$ given by the Charity Comrnission under se¢tion 14515)Ibl of the 2011 Acl. Independent examine5 statempnt I have ¢oryleted my examination. I confirm that no matters have come to attention in connect* wrth the exarnination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Acl: or the financial statements do not accord with those records,. or the financial statements do not compty wrth the accounting reqUlreffnts of section 396 of the 2006 Act other than any requirement that the accounts give a 'true aThJ fairf view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the method5 and principles of the Statement of Recommended Prti for accounting and por.ng by ¢harits"es applicable lo charitses preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021. I have no concem5 and have come aeross no other matters in connection wrth the examination lo which attention should be drawn in this repjrt in order to enable a proper understanding of the accounts to be reached. David Seeley FCA Independent Examiner Accuo Accounting Limited Chartered Accountants Alve¢hurch Bimiingharn B48 7JX
Summerfield Stables-Horses in the Community Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 30 September 2023 2023 Unrestricted funds Total funds Total fvnds 2022 Mote Income and endowments Donations and legacies Charitsble aclivil Other trading activities Total Income 49.991 2.345 145.841 49,991 2.345 145.841 33.011 134,137 198,177 198.177 167.148 Expendllure Expenditure on charitable activities Total expenditure 182.127 182.127 152.966 182,127 182,127 152,966 Net income and n•t movement in funds 16,050 16,050 14,182 Reconciliallon of funds Total fvnds brought forward Total funds Carried forward 89,542 105,592 89,542 105,592 75.360 89,542 The statement of financial a¢b"vrties includes all gains and losses recognised in the year. All income and expenditu derive from continuing aclivilEs. Th¢ notes on pages 12 ta 19 form part of these financial stat•m•nts. 10
Summerfield Stables-Horses in the Community Company Limited by Guarantee ststement of Financial Position 30 September 2023 2023 2022 N*)le Fixed assets Tangible fixed assets 15 115.412 90,938 Current assets Debtors Cash at bank and in hand 16 1,100 6,720 5,537 5,537 7,820 Creditors: ¥mounts falling due within one year Net current Ilablllties 17 1S,357 9.216 9,820 105.592 1,396 Total assets less currnnt liabilities 89,542 Nel assets 105,592 89.542 Funds of the charity Unreslricled funds 105.592 89.542 Totsl charity funds 19 105,592 89,542 For the year ending 30 September 2023 the charity was entiued to exemption from audit under section 477 of the Companies Act 20( relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of rts financial statements for the year in question in accordance wrth sectson 476. The directors acknowledge their responsibilrttes for Complying wrth the requirements of the Act with respect to accounting ordS and the preparation of finanek41 statements. These financial statements have been prepared in a¢cordance wrth the provision5 appIable to companies subject to the small companie5. regime. These financial statements were approved by the board of trustees and authorised for issue on 27 June 2024. and are suned on behalf of the board by.. G Urwin Tiuslee The notss on Se5 12 10 19 fonn part of lh financial statements. 11
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2023 General infomiatlon The charity is a public beneffi entrty and a private company limited by guarantee, registered in England and Wales and a registered ¢harity in England and Wales. The address of the registed offKe is 18 Staplehurst Road, Hall Green, Birrningham. B28 9AS. statement of compliance These financial statements have teen prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charitS preparin9 their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Ichaitties SORP IFRS 102}) and the Companies Act 2006. Accounting policles Basis of preparation The financial statements have been prepared on the historical cost basis. Golng eon¢•rn There are no matenal un¢ertainties about the Chanty's abilty 10 ¢ontr"nue. Discl¢)sure exemptlons The entity satisfies the cnteria of being a qualifying entty as defined in FRS 102 by reason of being small. As such, advantage has been taken of the following discbsure exemptions available (al No cash fl¢JW slalement has been presented for the company. Ibl Disclosures in SpeCt of finan¢ial instruments have not been presented. 12
Summerfield Stables-Horses in the Community Company Llmited by Guarantee Notes to the Financial Statements (¢ryJlinu¢d) Year ended 30 September 2023 Accounting policies (continu•d) Judgements and key sources of gstlmalion uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and Judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are beIVed to be reasonable under the circumstances. Significant judgements The judgernents (apart from those involving estimations) that management has made in the pesS of applying the entity's accounting policies and that have the rrK)st sunificant effect on the amounts ognISed in the financial statements are as follows". there are no breaches of any regulations or isLqtion that would impxt on the charity's ability to continue to operate in its current fonnat sufficient funding by way of grants or inco gerated from actNities will be received to enable the charity to continue to operate. Key sour¢e$ of estimation uncertainty Accounting estimates and assumpb.ons are made conceming the future and. by their nature. will rarely equal the related actual out¢ome. The trustees do not belwe, however. that there are any key assumptions or other sources of ests"rnal)n uncertainty that have a significant risk of causing a rnaterial adjustment to the carying amounts of assets and liabilitie5 Within the next financial year. Fund accounting unrestrted funds are available lor use at the discrtion of the trustees to further any of the charity's purposes. Restricted funds are subjected to restrtionS on their expenditure deClad by the donor or through the terms of an appeal. and are gerberalty restricted income funds. Incoming rg$ouvces All income is included in the statement of financial activiti'es when entitlement has passed to the charity. il is probable that the economic benefits as51xk4led with the Iransaclion will flow to the charity and the amount can be reliab rneasu. The followrng specik policies are applied lo particular categories of incorre.. ncome from donations or grants ts recognised when there is evmlence of entitlement to the gift, receipt is probable and its amount can be measured reliabty. income from riding aclNrfties is recognised when receivable. 13
Summerfield Stsbles-Horses in the Community Company Llmlted by Guarantee Notes to the Financlal Statements {conthuedJ Year ended 30 September 2023 Accounting policie8 {conllnuedJ Resources expended Expenditure is recognised on an accruals basis as a Ipbility is incurred. Expenditure includes VAT as this which cannot be recovered. and is classified under headings of the statement of financpl activities to which it relales.. expenditure on raising funds includes the costs of all fundfaising activities and events expenditure on charitable activrties includes all costs incurre(I by a charity in undertaking activities that further its charitable aims for the benefft of its beneficiaries, inclu(Jing those support costs and costs relating to the goveman¢e of the Charity apporb.oned to charitab a¢livities. other expenditure includes all expenditure thal is neither related to raising funds for the charity nor part of its expenditu on charitable aclivrties. All costs are allocated to expenditttre categorie5 refle¢b'ng the use of the resource. DiTecl costs attn'bulable to a single aclNity are allccaled directly to that activity. Shared costs are apportioned where applicable beeen the act[¥1tS contribute to on a reasonable. justifh3ble and consislenl basis. Tangible assets All fixed asse15 are initialty recorded at cost. Depreciation Depreciation is calculated so as to write off the ¢ost or valuation of an assrt less its resKlual value, over the usefvl economic lrfe of that asset as folhjws". Stables equipment Motor vehicles Fixtures and equipment 10% straighl line 20% straight line 20% straighl line Limited by guarantee The company is limited by guarantee and consequenuy has no share caprtal. Donations and legaeles Unreslricled Total Funds Unrestrieted Total Funds Funds 2023 Funds 2022 Donatlons General donatK)ns Donations towards horse pur¢ha5es 5.388 5,388 3.$00 10.968 10.968 14
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements fconllnwdl Year ended 30 September 2023 Donatlons and legacles (conthu•d) Unrestricted Total Funds Unrestre Totsl Funds Funds 2023 Funds 2022 Grants Grants receivab£1000 or le$$ Yardley Great Trust Granlham Yorke Veolia SlreetGames UK Vera Howarth Tnjst Heart of England Celebrating Comrwnit British Horse Sctiety Amold Clark Communty Foundation Warwickshire College Harry Payn8 PelPlan British Equestrian Federation 1.000 10.608 1.000 10,608 4,710 1.153 4,710 1,153 3,904 1,000 2.600 4,455 3,221 1.000 4,766 1.500 4,766 1.500 1.1)00 2,600 4.455 3.221 1.C(JO 5.000 1.500 2,000 8.000 6.729 1,500 2.000 8.000 6.729 49,991 49,991 33,011 33,011 Charitable activitles Unrestricted Total Funds Unreslricied Total Funds Funds 2023 Funds 2022 Income from non4nvestrnent propety in fvrtherance of the charity's object5 2,345 2,345 Other trading activities Unreslrieled Total Funds Unrestitted Total Funds Funds 2023 Funds 2022 Fees and contributions toward5 activities 145.841 145,841 134,137 134,137 Expendlthre on charltable activities by fund type Unrestn'cted Tolal Funds Unre$tricled Total Fynds Funds 2023 Funds 2022 R¢dirbg tuition and activities Support costs 160.368 21,759 182.127 160.368 21,759 182,127 113.768 39.198 152,966 113.768 39,198 152,966 15
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (con*nu Year ended 30 September 2023 Expendlture on charllable acllvlt5es by aclivlty type Ath"Vit5 undertaken directty Supwrt Tot•1 funds costs 2023 Total fund 2022 Riding tuition and activities Govemance costs 160.368 19,719 2,040 180.087 151,606 1,360 160.368 21.759 182,127 1 $2,966 10. Anatysls of support costs Support costs-Riding acts'vities Total 2023 Total 2022 Premises General office Govemance costs Support Costs - Other costs 386 13,060 1,360 24,392 39,198 3.135 2.040 16,584 3,135 2,040 16,584 21,759 21.759 11. Net Income Nel income is slated after char9ingl(crediting)-. 2023 2022 Depreciation of tangible fixed assets 5,334 3,010 12. Independent examination fees 2023 2022 Fees payab to the independenl examiner for. Independenl examination of the finanaal Statements Other financial services 720 1,320 2.040 soo 1,360 13. Staff ¢osts The total staff ¢05ts and erWoyee benefits for the ports"ng period are analysed as follows.. 2023 2022 Wages and salaries Employer ¢ontribulions to pension plans 73.942 256 45.477 74,198 45,574 16
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (eonknuedj Year onded 30 September 2023 13. Staff costs fe¢rtfrnu¢(I) The average head count of employees during the year was 812022.. 5). The average number of full-time equivalent employees during the year is anatysed as follows.. 2023 No. 2022 No. Teaching and animal ca No employee received employee benefits of more than £60.000 during the year {2022'. Nill. Key Management Petsonn The trustees consider they are the key manageffnI personnel. They received no remuneratson in either the Gurrent or previous years. 14. Trustse remuneration and expenses no remunerats.on or other beneffts from empkiymenl wth the charity or a related enlty were received by the truslees.. no trustee expenses have been in¢urred. 15. Tangible fixed assets Land and buildings Plant and machinery ' Motor vehKles Equipment Tolal Cost Al 1 Ocloter 2022 Additions 83.920 10,088 3,625 13.500 3,CM)O 13,375 6.220 103.920 29.808 At 30 Septsrnber 2023 Depreciation Al 1 October 2022 Charge for the year At 30 September 2023 Carrying afflounl At 30 September 2023 AI 30 September 2022 94.008 17.125 3,000 19,595 133,728 1,113 1.703 750 750 11.119 2,881 12,982 5.334 2.816 1.500 14,000 18,316 94,008 14,309 1.500 5,595 115,412 90,938 83.920 2,512 2.250 2.256 16. Debtors 2023 2022 Other debtors 1.100 17
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 30 Septsmber 2023 17. Credltors: amounts falllng due wlthln one year 2023 2022 Accruals and deferred income Social security and other tsxes Other credrtors 8,462 1.419 5.476 4,278 873 4.065 15,357 9,216 18. Pensions and other posl retirement benefts Defingd contributlon plans The amount recogni5ed in income or exFenditure as an expense in lab"On to defined contribubon plans was £256 {2022." £97). 19. Analysis of chaiitable funds Unrestricted funds At30 S¢ptomber 2023 A11 October 2022 Income Expenditufe Transfers General funds 89.542 198.177 1182.1271 105.592 At30 September 2022 At1 October 2021 Income Expendrture Transfers General funds 74,710 167.148 (152.966) 650 89.542 20. Analysis of net assets between funds Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 115,412 5,537 {15,357} 105.592 115.412 5.537 115.3571 105,592 Unrestricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 90.938 7.820 (9.2161 89,542 90,938 7,820 19,216) 89.542 18
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (contlnu•dJ Year ended 30 September 2023 21. Related partles During previous years one of the trustees, Ms G UTh¥in, de interesl-free loans to the charity. Although the ban is repayable on demand she has confirmed that she will not seek repayment untsl the chanty is in a suffieienty financially stable positK)n to do this. During the year she received partial repayments. The nel amount oulslandin9 at 30 Septemter 2023 was £1,927. During the year she received £494 as reimbursement of routine operational expenses paid out on behalf of the charity. In addition donations lotalling £3500 were received from related parties towards the purchase of new horses. This donation was fulty expended in the year 19