COMPANY REGISTRATION NUMBER.. 08687994 CHARITY REGISTRATION NUMBER: 1176409 Summerfield Stables-Horses in the Community Company Limited by Guarantee Unaudited Financial Statements 30 September 2025 "AFSB3WC8" *180 COMPANIES HOUSE
Summerfield Stables-Horses in the Community Company Limitsd by Guarante• Financial Statements Year ended 30 September 2025 Page Trustees, annual report (incorporating the directorfs report) Independent examine¢s report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 The following pages do not forni part of the financial statsments Detailed statement of financial actwities 19 Notes to the detailed statement of financial activities 20
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Directorfs Report) Year ended 30 September 2025 The trustees. who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 30 September 2025. ObjtiveS and actlvlttes About Summerfleld Stables SumMertld Stables is a community group that has been established over forty-three years. Ils aim is lo encourage children and young people in the Yardley Wood area of Bimingham to understand and inleracl with horses. The 51ables were stsrted by Roslyn Tedd-uIn in June 1969 when she was 21. Since that time il has been serving the local Community and has provided many opportunities for Children and adults alike. The young people who visit the stables are mostly beeen the ages of seven and fifteen and come from the surrounding areas. including Yardley Wood. Hall Green, 8alsall Heath. Kings Heath and Billesley. We particularty encourage children who have di5abilib"es, both 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 Summerfield Stables achieved registered charity status. Although no longer a trustee, Roslyn Tedd-urwin stsll remains a very imp)rtanl figure in the day lo day running of the stsbles and has an important overview in decisN)ns involving horse welfare. The committee is extremely grateful for her contribution to the stables for over 45 year5 and for her continuing contribution this year. There have been a number of changes to trustees tx)th during the year and since the year end.. Two trustee5 who had been with us since November 2017. Jennifer Disley-Jones and Cheryl Fox-Barrett. resigned on 10 May 2025 Two new ones Adam Ilhan and Eleanor Sealon were appointed on the same date Eleanor Seaton 5ub5equently resigned on 11 January 2026 Eleanor Holmes resigned on 30 November 2025 Parwez Hussain was appointed on 4 April 2026 Hannah Wilson was appointed on 16 April 2026 We bel*ve that interacting and engaging wilh horses provides a un#]ue 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 essents.al for many young people who may otherwise leave school wilhoul essential skills which they need foi the workplace and society in general. Encouraging young people to volunteer is important as this may become a life-long inleresl which will help strengthen our communities for the future. Purpose To re-5chool and re-train rescue horses in order to Use them to enable rnembers of the community in the surrounding area to have access to horse riding and related activities wrth 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 Directorfs Report) (continued) Year ended 30 Septemb•r 2025 Oblectlves and activities fconiiftued) Aims To promote any charitsble purposes for the benefft of the community in the area of Birmingham and its surrounding district I'the area of benefif'l.. in particular. lo provide facilities advice and guidance lo enable members of the community within the area of benefit lo have the chance of horse riding and a550ciated skills.. in particular lo provide a service which is intended lo make riding and assLxialed skills available to people who because of disabilities or disadvantage suffered by them would have not been able to ride.. lo provide such services where appropriale al a reduced cost or no cost al all.. lo improve the welfare of equines by rescue and rehabilitslion. Public Benef We have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and obieclives and in planning our fvture aclivilies. Achievements and performance To provide facilities, advice and guidance to enabl? members of the community within the area of benefit to have the chance of horse riding and associated skills. This year has been quite a challenging year aeross at Summerfold due to a wel winter and a very dry summer which led to riding costs across both sites. Unfortunately. the Stables was hil by Storm Darrah in December 2024 and this eaused damage to trees and buildings across both srtes. Fund raising efforts managed to repair much of the damage and a grant from the m0veffnt fund helped to gel both siles functional again with fencing and buildings repaired. This has presented a huge sel back on both siles and impacted our activiti'es throughout the wnler of 2024 to 2025. Despite this we have our Solihull sile enabling our volunteers to engage in regular training sessions for riders al Stage 2 level and above which trains the horses so that they are suitable for a variety of ridden aclwilies from Dressage to Cross county It has allowed many young people to engage in competitions from Dressage. Show Jumping and also Eventing. These ¢ompetib"ons have been at Solihull Riding Club, the Kings Heath Show and also the National BHS ehampion5hips. Thi5 has been an amazing experience for so many young people who otherwise would not gel this opportunity. The c05t of competitions has also been prohibitive to some and we have supported young people to volunteer at Solihull Riding club in exchange for vouchers that can cover their enty fee for competitions. The number of riders having weekly sessions us has generally been stable and is al capacity despite expansion of our opening hours to 8.00pm. There were some points where capacity was not completely full due to staff ill health and storm damage acfOSS the winter. Efforts were made to offer spaces to people from the wailing list and a combinalion of closing the wailing lisl and offering numerous spaces reduced the number waiting lo around 200. Despite the wailing list being closed we receive regular enquiries on the phone. email and social media. All of our rider registration fomis are now completed through ECPro and the system is also used for monlhty memberships and booking of one-off sessions such as FX)ny days and pony camps. The system has also made the reporting of accidents much rr¥)re effective as well as recording information about the horses. There is still a little more of the system to complete. Staff and key volunteers completed their First aid at work qLtalificalion to ensure that they are able lo keep everyone safe when onsrte. We Included extra trauma training including log rolls to ensure staff are able to SPOnd appropriatety lo any incidents.
Summerfield Stables-Horses in the Community Company Limited by Guarantse Trustse3' Annual Report (Incorporating the Directorfs Report) (¢onlIntI? Year ended 30 September 2025 Achievements and performance (tontinued) In particular to providg a Service whlch Is Inlended to make riding and associated skills available to people who b¢uuse of dlsabililies or disadvantage suffered by them would have not been able to ride. This year has seen a steady enrolment in our provision of the Changing live5 through horses ICLIH) program. We have provided more daytime spaces for this provision which is especially developed lo support the provision for young people at risk of exclusion, as it is in line wrth the National Curriculum and so will complement their schwl provision. We are developing our offering to include term lime small group sessions which are very much in demand. An important part of our work on accessibility has become raisin9 the visibility of diversty within horse riding and horse care. We were part of a project with British Equestrian where we t¢)ok part in the filrning of several videos ,with the aim of showcasing some of the diversity within equestrian sport. The hofses for all research completed by British Equestrian in 2023 showed Ihe importance for the visibility of minority groups in the sport and we are so pleased that these videos are an important part of this work. Georgina was also nominated for a National Award from the FEI. one of four intemalional finalists. Lets, Enable CIC continued to hire our premises and horses for of 2024 to enable the provision of more specialised services for those wtth complex needs. This aligns with our aims of increasing accessibility to horses as we had a large number of young people on our waiting list in need of more 5pecialised service5 which we do not cutrenlly have the staffi'ng for. Lets, Ellable have delivered one lo one and small group pony care sessions at Summerfield but also offer a mobile service which visits schools and day centres in the local area. Sadly 'Lefs Enable. ceased ils activities towards the end of 2024 so Ihal Nina could study for her masters in Speech and language therapy. 11 has been a great loss lo the provision for young people with complex needs and we would hope that some services would resume in the future. Our pony days have again been in huge demand and our 'pat a pony sessions, have continued to be fully booked out each time we have njn them and allow many families, who otherwise would not get this opportunity. the chance to interact with horses. We are k)oking to increase these one-off sessions in holidays so Ihal young people can still have access to hoises despite our membership lessons being full. Our Summer Camp al Solihull Riding Club was again very successful. For nearly week5 we ran camps back-lo-back to allow a range of young people lo access the range of facilities for all disciplines from Dressage lo Cross Country. The camps are important. not just for the riding skills for young people but a150 their Social and emots.onal development and we have done our best lo keep them at as low a cost a5 possible de5Plte a rrKKe expensive venue. As well as camps we have Provided the opportunities for young people to attend Horse Shows at Kings Heath Horse show, online ¢ompetitions and even the National Riding School championship at Pickenng Grange where we won one of the nine national categories. Many of our children have been engaged in activities relating lo horse and pony racing this year with tsvo older teenagers who were awarded scholarships to the 'riding a dream academy. giving them a years scholarship lo train to ride ehOrSeS. This is an excellent opportunity for young people who wish lo work within the equine industry and rts focus is on young people from under-represented groups. Many other young people look part in week long scholarship se55ion5 at Newmarket whh were free lo all who Ik part. With the pony club we ran free introductory pony racing sessions which were very tx)pular and we hope to increase this funded opportunity in the future. All of this has helped to raise aspirations in our older riders and help them to aim towards positive out¢omes either in terms of an equestrBn career. more qualifications or a higher level or riding recreationalty.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (conb*u¢dJ Year ended 30 September 2025 Achievements and perfomiance (conlinued) To provido such services where appropriate at a reduced cost or no cost at all. This year we have done our best lo keep prices al a low level however in April 2025 we did make the decision lo raise prices. Like many riding schools. Summerfeld was faced with a huge increase in Costs acr055 a very wel winler and rise in utility bills, feed and staff wages. We rernain one of the lowest cost charitable riding schools in the region_ 1115 ¢lear that in order to be more sustainable in the future we will have lo review prices annualty. Unfortunatety, many of our key funders have been unable to fund our work this year and thi5 has heightened the financial constraints the charity has faced. We continued lo develop the Changing lives through Horses Program through the Bnt15h Horse Society, as this is funded by schools through a young person's EHCP and so will not be of an extra cost lo the parent. We have run both 121 and group sessions for young people and thi5 has enabled many young people to participate in hofse care and riding sessions who would othernise be unable to do so. We have had several successes already within the changing lives through horses scheme which has helped youn9 people to reengage with edutIOn and in several cases move back into full time education. To improve the welfare of equines by rescu• and rehabllitation Our equine herd has remained mostty stable over the last year. We have an aging population of equines who are d(Hng less and less work with lighter riders. This managed reduction in workload helps to keep them in good health bul the deereased workload has meant our equine woikforce is gradually becoming less efficient as our older horses do have higher needs in terms of more specialised food and veterinary treatment. Having said this. our horses still have a huge contribution to make to our organisab.on as they are often the most reliable mounts for children with SEN or as a calmer for many children's first lessons. In order to support our older equines. we have focused on the training of some of the younger members of our herd. Two of our newer horses went on a training holiday together lo help make a strong start lo their ndden careers. Unfortunately. Dreamer struggled during some parts of his training and showed quite unpredictsble behaviour. An Xray showed li9amenl damage that would make him unsuitable for ridden work al Summerfield so we have worked to develop his confidence in being handled so that he can seek a new career as a eornpanion pony through the Blue Cross, direct rehoming scheme. Flynn was judged to be surtable for ndden wort( at Summerfield and has returned home lo ¢ontr"nue his educabon. Two other equines, Sunny and Pete also underwent a period of extra training to help to keep them suitable for ndden work within the sch¢)ol. Jolene retumed to her owner after a period of over a year on loan to us as her owner has now finished her university course. We have again spent a considerable amount on new saddles and saddle fttin9 to ensure each horse is comfortable and has a saddle which will be able lo be adapted lo fil them whenever they change in size. This year we continued to work lo improve Ihe welfare of horses in our care by providing the farriery. veterinary. denlistry and chiropractic treaknenls that they needed to stay in good health. Fundlng This year we have continued lo build on our exam success and. despite setbacks from storm damage, we still held exams and candidales were successful. We enrolled two new apprentices al the end of the summer 2025 and we are currentty working wf(h Askham Bryan College to deliver these. Unfortunately, the Career Development fund changed its format so that il is no longer using the voucher scheme which had been so successful for our riders. This was a big step in making training towards BHS exams more affordable for young people so it has been fell as a big loss. We are currently looking for another funding source to support the costs of training.
Summerfield Stables-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnu8d) Year ended 30 September 2025 Achievements and performance {continu8d) Risks The twslees are aware of the risks connected with operats'ng a charity involving animals and providing services to children and other vulnerable people. Al risks are kept under review including operational and financial and equalty applying to staff and service users. Financial revlew The gross incoming resources for the period were £166.060 12024.. £184.034, consisting mainly of feesldonalions for riding, grants of £14,350 12024.. £30,884) and general donations of £5,336 {2024.' £1,610}. Ineome from hiring out facilities and horses to Leys Enable CIC was £2.426 {2024.' £9,532). Where grants a receNed towards spectfic activities Such as holiday activities and contributions towards apprenliees, salaries, these are considered part of the general activities of the charity and as sueh have been Orded as unrestn'cted. The main grant received during the year ended 30 September 2025 was £10,900 from The National Lottery to assist with the subsl8nlial building and fencing repairs needed followng heavy slomis. Total expenses were £193,111 12024.. £195.875). Major Components of this are stsff and freelance tutor costs £81.470, feed and welfare costs £51,017 and maintenance of facilities and equipment £15,661. With the exception of the repair bills above all monies have been treated as unrestricted as being part of the charity's main activities. £1.246 remained unspent from the National Lottery grant and this will be used in the coming year as repairs continue. There were no reslficled reserves brought forward and consequently the balance carried fOard al 30 September 2025 is £2.244. The net result was a deficit for the year on restrKted fvnds of £29.295 {2024-. deficrt £11.8411. This has been deducted from general reserves. Free reseNes ie excluding capital items were in defi¢it by £40.288 {2024.' def11 of £16.3271. No reserves policy has yet been established. The trustee5 have a number of aims for growth and therefore il is unlikety that any signifunt free reserves will be built up in the near future as all monies will be spent. At the balance sheet dale Ihe charity ha(J net assets on unrestricted funds of £64,456. This includes a trustee loan of £6,36712024.' £3,127). There is also a loan from Roslyn Tedd-urwin of £14.30012024". £7,000). Both are repayable on demand bul both parties have confirmed that they will not seek repayment of the balance untsl the charty is in a sufficiently stable financial position. Structure, governance and management The Charty is a company liffuted by guarantee. Day to day control is exercised by G Urwin with the body of trustees meeting on a regular basis. The company became a registered Chanty on 20 December 2017. Although Summerfield Stables has existed for many years r( was only incorporated in September 2013 and activit5 were transferred lo the company in February 2014.
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) fconlinuedj Year ended 30 September 2025 Reference and admiDlstrative details Registered charity name Summetffield Stables-Hor5es in the Community Charity r¢gistratlon number 1176409 Company registration number 08687994 Prlncipal office and registered 18 Stsplehurst Road office Hall Green Bimingham B28 9AS The twstees G Unwin C Fox-Barrett J Disley-Jones EJ Holmes A Ilhan (Resigned 10 May 2025) (Resigned 10 May 2025} (Resigned 30 November 2025) (Appointed 10 May 20251 (Served from 10 May 2025 to 11 January 2026) (Appointed 16 April 2026} (Appointed 4 April 2026) EG Seaton H Wilson P Hussain Independent examiner David Seeley FCA Accuo Accounts"ng Limited Chartered AcUnftts Alvechurch Birmingham 848 7JX Small company provisions This report has been ppared in aecordanee with the provisions applicable lo companies entitled lo the small companies exemption. The trustees. annual report was approved on 29 June 2026 and signed on behalf of the board of trustees by.. G UThn Trustee
Summerfield Stables-Horses in the Community Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Summerfield Stables-Horses in the Community Year ended 30 September 2025 l port to the trustees on my examination of the financial statements of Summerfield Stables-Horses in the Community I'lhe charty.) for the year ended 30 September 2025. Responsibilities and basis of report A$ the trustees of the company (and also its directors for the purposes of company law) you are sponsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20C {'the 20C6 Acri. Having satisfied ryself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's ac¢ounls as Carried out under section 145 of the Chariti'es Act 2011 ('the 2011 Act'l. In earrying out my examination I have followed the Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act. Independent examlnerfs statement I have cornpted my examination. I confim that Trj matters have come lo my attention in connection with the examination giving me cause to believe.. a¢counling records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records.. or the financial statements do not comply wrth the accounts'ng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view whh is not a matter considered as part of an independent examination.. or the financial statements have not been ppared in accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charitses preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no ¢oneems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the counts lo be reached. Davtsj Seeley FCA Independent Examiner Accuo Accounting Limited Chartered Accountants Alvechurch Birrningham B48 7JX 29 June 2026
Summerfield Stables-Horses in the Community Company Limited by Guarantee ststement of Financial Activities (including income and expenditure account) Year ended 30 September 2025 2025 Reslri¢ted funds Total funds Total funds 2024 Unreslricled funds Income and endowments Donatsons and legaeies Other trading a¢tNities Totsl income 9.286 145,874 155.160 10.900 20,186 145,874 166,060 32.494 151,540 10,91XI 184,034 Expenditure Expenditure on charilabk acbvities Total expenditurè 184,455 8.656 193.111 195,875 184.455 8,656 193,111 195.875 Net expenditure and net movement in funds 129.2951 2,244 127,0511 (11,8411 ReconcS1iation of funds Total funds brought forward Total funds carried forword 93,751 64.4 93,751 66.700 105,592 2.244 93.751 The statement of financial aeth"vilies includes all gains and losses recognised in the year. All income and expenditure denve from continuing activrties. The notes on pages 10 to 17 fonn rt of th#st fin•nci¥l $tsttment8.
Summerfield Stables-Horses in the Community Company Limited by Guarantee ststement of Financial Position 30 September 2025 2025 2024 Fixed assets Tangible fixed assets 14 104.744 110.078 Current assets Cash al bank and in hand 3.490 7,440 Creditors: am(wnts falling due within one year Net current liabilities 15 41.534 23,767 38,044 66,700 66,700 16,327 Total assets less current Ilabillties 93.751 Net a3$•ts 93.751 Funds ofthe charity Reslricled funds Unreslricled funds 2,244 64,456 66,700 93,751 Total Charity funds 17 93,751 For the year ending 30 September 2025 the chanty was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilitS.. The members have nol required the company to obtain an audit of its finan¢ial statements for the year in question in accordance with section 476", The directors aeknthedge their responsibilities for complying wrf(h the requirements of the Act with respect to accounting records and the preparab.on of financial slatemenls_ These financial statements have en prepared in accorda with the provisn$ applicable lo companies subject to the small companies. regime. These financial statements were approved by the t¥)ard of trustees and authorised for issue on 29 June 2026, and are signed on behaw of the l)oard by." G Urwin Trustee The notes on pages 10 to 17 fonn ofthw fin#n¢ial $t•tements.
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2025 General infomiatlon The charity is a public benefit entty and a prtvate company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 18 Staplehursl Road. Hall Gfftn, 8imiingham. B28 9AS. Statèment of compliance These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland., the Ststernenl of Recommended Prackn"¢e applieable to charib'es preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2(th. Accounting pollcles Basls of prepardtion The financial statements have been prepared on the historical cost basis. Going concern rhe Iruslees have considered the charrty'5 financial position. Although the deficit both in year and accurnvlaled are significant the trustees believe that the going concern a5sumpbon remans val. Acb"vilie3 during the year suffered from prolonged staff illness and effects of storm damage. The demand for the charity's services remains strong and steps are UndeaY lo stabilise the finances. Loans from trustees and other related part$ will not be repaid until the finaneial situatson pem)its. Di$closure oxemptron$ The enlty satisfies the criteria of being a qualifying enlty as defined in FRS 102 by reason of being small. As such, advantsge has been taken of the following disclosure exemptions available (al No cash Ilow statement has en presented for the company. Ib) Disc105ure5 in respecl of financial in5trumenls have not been presented. 10
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Stat•ments (conllftud) Year ended 30 September 2025 Accountlng policies Judgements and key sources of estimation uncertainty The preparation of the finan¢ial statements requires management to make judgements, eskn'males and assumptions that affect the amounts reported. These eslimales and jud9emenls are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the ¢ircumstances. Signth¢ant judgements The judgements {apart from those involving estimations) that management has made in the process of applying the entity's a¢counting F)olicies and that have the m05t SignifnI effect on the amounts recognised in the financial statements are as follows.. there are no breache5 of any regulatKJns or legislatn that would impact on the charity's ability to continLte to operate in ils current fomial sufficient funding by way of grants or incoff generated from activities will be received lo enable the charity to eonlinue to operate. Key sources of estimation uncertainty Aecounling eslimales and assumptions are made 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 sources of estimation uncertainty that have a significant risk of eausing a rnater1 adjustment to the carrying amounls of assets and liabilits.es within the next financ1 year. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to fvrther any of the harity'5 purposes. Reslricled funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and are generalty restncted income fvnds. Incoming resources All income is included in the ststemenl of financial a¢tivrtres when enlitlemenl has passed to the charity, rt is probable that Ihe econom benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specik wlicies are appl*d to particular ¢ategones of in¢ome'. income from donations or grants is recognised when there is evidence of ents"Ikmenl to the gift. receipt is probable and its amount can be measured reliabty. income from riding acb"vib"es is recognised when receivable. 11
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements l¢ondnuedJ Year ended 30 September 2025 Atcounting pollcies (conlinurf) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT as this which cannot be recovered, and is classified under headings of the statement of financial aclivib.es to which il relates". expenditure on raising funds includes the costs of all fundraising activities and events expenditure on charitable aclNlties includes all costs incljrred by a charity in undertaking activities that further its charrtable aims for the benefrt of its benefi¢iaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the harity nor part of its expenditure on chantable aclNitses. All costs are allocated to expenditure categories reffecting the use of the resource. Direct costs attributable lo a single activity are allocated di[1 to that acty"vity. Shared Costs are apportioned where applicable beeen the actbvib.es they wntribute to on a reasonable. justifiable and ¢on51Stent basis. Tangible assets All fixed assets are initially recorded at cost. Depreclation Depreciab"on is calculated so as lo write off the cost or valuation of an asset. less its residual value, over the usefvl economic lrfe of that asset as follows: Stables equipment Motor vehicles Fixtures and eqUIpnt 10% straight line 20% straight line 200K straight line Llmlted by guarantee The company is limited by guarantee and consequently ha5 no share capital. Donations and legacies Unresthcled Funds Restricted Total Funds Funds 2025 Donations General donations 5.336 5,336 12
Summerfield Stsbles-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (¢onUftu•d) Year ended 30 September 2025 Donations and legacies (conllnuedj Unrestricted Funds Restricted Total Funds Funds 2025 Grant$ British Racing School National Lottery Sylvia Waddilove Foundation Warwickshire College Brib'sh Equestrian Federation Poslcode Lottery Grants <£1000 10.900 10,900 2,000 500 1,450 1.450 9,286 10,900 20,186 Unrestricted Funds Restri¢ted Totsl Funds Funds 2024 Donations General donations 1,610 1,610 Grants British Racing Scho National Lottery Syfvia Waddilove Foundation Warwickshire College British Equestrian Federation Poslcode Lottery Grants <£1000 1.500 1.500 500 2.884 25,000 1,000 500 2.884 25,000 1,000 32.494 32,494 Othor trading a¢tivities Unreslricted Total Fund$ Unreslri¢ted Totsl Funds Funds 2025 Funds 2024 Fees and conlributk)ns towards aetNibes Hire ol facilities and hotses 143.448 2.426 143.448 2,426 142,008 9,532 142,008 9,532 145.874 145.874 151,540 151.540 13
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (¢onllnu¢d) Year ended 30 September 2025 Expendlture on charitable activities by fund type Unrestricled Funds Restricted Total Funds Funds 2025 Rijing luilion and activities Support costs 168.458 15.997 8.656 177.114 15,997 184.455 8,656 Unrestricted Funds Restricted Total Funds Funds 2024 Riding tuition and activities Support costs 175.544 20,331 195,875 175,544 20.331 195,875 Expendlknre on Charitable activitles by activity type Activities undertaken directly Support Total funds costs 2025 Total fun(J 2024 Rmling tuition and a¢tivrties Governance costs 177.114 15.397 600 192.511 600 193.593 2.282 177.114 15,997 193,111 195,875 Analysis of support costs Support cosls-RMding ath"vilies Totsl 2025 Total 2024 General office Governance costs Support costs - Other costs 8.463 600 6.934 8,463 600 6,934 16,997 10.170 2,282 7,879 20,331 15.997 10. Net expenditure Net expenditure is slated after chargingllcredibng).. 2025 2024 Depreciats'on of tangible fixed assets 5.334 5,334 14
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (¢Onlthu6dl Year ended 30 September 2025 11. Independenl examination fees 2025 2024 Fees payable to the independent examiner for. Independent examinab.on of the financial ststemenls Other financial services 792 1,490 2,282 600 12. Staff costs The lolal staff costs and employee benefits for the reptirtg period are analysed as follows.. 2025 2024 Wages and salaries Employer contnbutions to pension plan5 80.896 574 74,496 250 81.470 74,746 Staff costs include £2.19312024.' £4.965lpaid to freelan instruetors. The average head counl of employees during the year was 6 {2024.. 81. The average number of full-lime equivalent empkiyees during the year 15 anatysed as follow5.. 2025 2024 No. Teaching and animal Care No employee received employee beneffts of rrL)re than £60.000 during the year12024.' Nill. Key Management Personnel The trustees consider they are the key management personnel. They received no remuneration in either the current or previous years. 13. Trustee remuneration and expenses no remuneration or other benefits from employment with the charity or a lated entily w received by the trustees", no trustee expenses have been incurred. 15
Summerfield Stables-Horses in the Community Company Limited by Guarantse Notes to the Financial Statements icontinu¢d) Year ended 30 September 2025 14. Tangible fixed assets Land and buiklings Plant and maehinery Motor vehicles Equipment Total Cost At 1 October 2024 and 30 September 2025 Depreciation At 1 October 2024 Charge for the year At 30 September 2025 Carrying amount At 30 September 2025 At 30 Seplernber 2024 94.008 17.125 3.000 19.595 133,728 4.519 1.703 2.250 750 16,881 2,881 19,762 23,650 5,334 28.984 6.222 3.000 94,008 10.903 1167) 2,714 104,744 110.078 94.008 12.606 750 15. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income Social security and other taxes Other creditors 13,915 6.668 20,951 41.534 11.734 1.841 10.192 23,767 16. Pensions and other post-retirement benefits Definèd ¢ontribution plans The amount recc*Jnised in income or eXndItUre as an expense in relation to defined contribubon plans was £57412024". £250). 17. Anatysis of charitable fvnds Unrestrlcted funds At30 September 2025 At 1 October 2024 Income Expenditure General fvnds 93.751 155.160 (184,4551 64,4S6 At30 September 2024 At 1 October 2023 Income Expenditure General funds 105.592 184,034 {195.875) 93.751 16
Summerfield Stables-Horses in the Community Company Limited by Guarantee Notes to the Financial Statements (conVnv8d) Year ended 30 September 2025 17. Anatysis ol charitable funds fcoftlinuedj Restricted funds At30 September 2025 At 1 October 2024 Income Expenditure Building worf¢s and improvewents 10,9CiI 10.900 17.3241 18.6561 2,244 2.244 At30 September 2024 At 1 October 2023 Income Expenditure Building works and improvements 18. Anatysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 104.744 1,246 (41,534) 64.456 104.744 3.490 141.534) 66,700 2.244 2.244 Unrestricted Funds Reslricled Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 110,078 7,440 123,7671 93.751 110.078 7.440 123.767) 93,751 19. Related partles During previous years one of the tnjstees. Ms G Utwin. made inleresl-free loans lo the charrty. Although the loan is repayable on demand. she has confimied that she will not seek repaymenl until the charity is in a SLrfficientty financialty stable position to do this. During the year she made rther loans. The amount oulstsnding at 30 September 2025 was £6,36712024" £3,127). During the year she received £1,279 as teimbursement of routine operatbtinal expenses paid out on behav of the charity {2024.£291. During 2024 related parties increased loans made to the charity and at 30 September 2025 the amount outstanding was £14.30012024,' £7.000). The lenders have confirmed they will not seek repayment until the charty is in a sufficientty ffinanch31ty stable position to do this. 17