| Page | |
|---|---|
| Reference andadministrative detailsof thecharityr,itsTrustees andadvisers | 1 |
| Trustees'report | 2-6 |
| lndependent examinedsreport | 7 |
| Statement offinancial activities | I |
| Balancesheet | I |
| Notestothefinaneial statements | '10-18 |
| Trustees | J Chablani, Chair |
|---|---|
| EALChesworth,Trustee | |
| LWithers, Trustee | |
| JWKle,Trustee(Resigned29December2O23) | |
| P E Surl,Trustee | |
| Company registered number |
11322726 |
| Charity registered number |
1178743 |
| Registeredoffice | Aston House |
| Cornwall Avenue | |
| London | |
| N3lLF | |
| Accountants | Adler ShineLLP |
| Chartered Accountants | |
| Aston House | |
| Comwall Avenue | |
| London | |
| N31LF |
| WESKOEQUESTRIANFOUi{DATION |
|---|
| (Acompany limitedby guarantee) |
| INDEPENDENT EXAMINER'S REPORT |
| FOR THEYEARENDED31AUGUST 2023 |
| lndependentexaminer'sreporttothe Trustees of Wesko EquestrianFoundation{'thecharity') |
| Ireport to thecharityTrustees on myexaminationof theaccountsof thecharityfor theyearended31 August |
| 2423. |
| Responsibilitiesand basisof report |
| As the Trustees of theeharity(and itsdirectorsfor thepurposesofcompanylaw) you areresponsibleforthe |
| preparation of the accountsinaocordance with the requirementsofthe Companies Act 2006 ('the 2006Act). |
| Having satisfied myself that the accounts of the charity are not requiredtobe audited underPart16of the 2006 |
| Act and are eligibleforindependent examination,Ireport in respectofmy examination of thecharitt'saccounts |
| carriedoutundersection145of theCharitiesAct 2011('the 2011Act'). lncarryingoutmyexamination Ihave |
| followed the Directions givenbythe Charity Commission under section 145(5Xb) of the 2011 Act. |
| lndependentexaminefsstatement |
| Ihavecompleted myexamination,I confirm that no mattershavecometomyaftention inconnectionwiththe |
| examination giving me causetobelieve: |
| 1. accounting records were not kept in respect of the charityasrequiredbysection 386ofthe 2006 Act; or |
| 2.the accounts do notacmrdwith those records; or |
| 3.theaccountsdonot eornply withtheaccounting requirementsofsection 396 ofthe2006Actother than |
| any requirement thattheaccounts givea 'trueandfair'viewwhich isnotamatter consideredaspart of |
| an independent examination;or |
| 4.the accounts have not been prepared in accordance with the methods and principles of the Statementof |
| Recommended Practiceforaccountingandreportingbycharities [applicabletocharities preparingiheir accountsinaccordancewiththeFinancial Reporting Standard applicableintheUKandRepublic of |
| lreland (FRS102I. |
| Ihavenoconcemsand have come acrossnoothermaftersinconnectionwiththeexaminationtowhich |
| attention shouldbedrawninthis reportinorder to enable a proper understandingofthe accounts to be reached. |
| Thisreportismade solelyto thecharity's Trustees,asabody,inaccordancewithPart4of theCharities |
| (Accountsand Reports)Regulations2008.Mywork has beenundertakenso that I might state to thecharity's |
| Trustees those mattersI amrequiredtostatetothemin anindependentexaminer's report andfornoother |
| purpose. To the fullest extent pemrittedbylaw,Ido notac-ceptor assume responsibility to anyone other thanihe |
| charity and the charity's Trustees as abody,formyworkor'forthis report. |
| Signed: Dated: 30 May 2024 |
| AlexanderChq6aphiades FCA |
| AdlerShine LLP |
| Chartered Accountants |
| Aston House |
| Cornwall Avenue |
| London |
| N3,1LF |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| Note | 2023 E |
2023f | 2022t | |
| lncomefrom: | ||||
| Donations and legacies | 114,268 | 114,268 | 111,944 | |
| lnvestments | 66,059 | 66,069 | 72,002 | |
| Totalincome | 180,337 | ,t90,337 | 183,946 | |
| Expenditure on: | ||||
| Charitable activities | 157,189 | 157,189 | 205,028 | |
| Totalexpenditure | 157,189 | 157,189 | 205,028 | |
| Netmovement infunds | 2?,148 | 23,148 | er,rr4 | |
| Reconciliationoffunds: | ||||
| Totalfundsbrought forward | 2,717,335 | 2,717,335 | 2,738,417 | |
| Net movementinfunds | 23,148 | 23,148 | (21,082) | |
| Totalfundscarriedforward | 2,74A,483 | 2,740,493 | 2,717,335 |
| Note | 2023f | 2022t | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| lnvestment property | 10 | 2,750,ooo | 2,750,000 | ||
| Current assets | |||||
| Debtors | 11 | 12,967 | |||
| Cash at bank and inhand | 5,207 | 15,316 | |||
| 5,207 | 28,283 | ||||
| Creditors: amounts falling due within one | |||||
| year | 12 | t14,7241 | (54,275) | ||
| Netcurrent liabilities | (9,517) | (25,9e2) | |||
| Totalassetslesscurrent liabilities | 2,744,493 | 2,724,008 | |||
| Creditors: amounts falling due after more | |||||
| than one year | 13 | (6,673) | |||
| Total net assets | 2,740,493 | 2,717,335 | |||
| Charityfunds | |||||
| Restricted funds | 14 | ||||
| Unrestricted funds | 14 | 2,740,493 | 2,717,335 | ||
| Totalfunds | 2,740,493 | 2,717,335 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2422 | |
| € | € | f | |
| Donations | 114,268 | 114,268 | 111,944 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 E |
2423f | 2022 L |
|
| Rental income | 66,000 | 66,000 | 72,000 |
| Bank interest | 69 | 69 | 2 |
| 66,069 | 66,069 | 72,A02 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | fundingof | Support | Total | ||
| directly | activities | costs | funds | ||
| 2023f | 2A23 s |
2423 € |
2023t | ||
| Administrative activities | 59,306 | 13,167 | 72,473 | ||
| Charitable activities | 71,755 | 71,795 | |||
| lnvestment property costs | 8.246 | 8,246 | |||
| Equipment and uniforms | 4,675 | 4,675 | |||
| 139,U7 | 4,675 | 13,167 | 157,199 | ||
| Activities | Grant | ||||
| undeftaken | tundingal | Supporl | Total | ||
| directly | activities | cosfs | funds | ||
| 2022t | 2022t | 2422f | 2022f | ||
| Administrative activities | 62,837 | 9,172 | 72,009 | ||
| Charitable activities | 113,474 | 113,474 | |||
| lnvestment property costs | &690 | 8,690 | |||
| Equipment and uniforms | 14,855 | 10,855 | |||
| 185,001 | 10,855 |
9,172 | 205,428 |
| Grantsto | Total | |
|---|---|---|
| lndividuals | funds | |
| 2423 f, |
2023f | |
| Grants, Education sessions | 4,675 | 4,675 |
| Grants to | Total | |
| lndividuals | funds | |
| 2A22t | 2022f | |
| Grants, Education sessions | 14,855 | 10,855 |
| 7. | lndependentexamine/sremuneration | ||
|---|---|---|---|
| 2423 € |
2022t | ||
| Fees payable to thecharitt'sindependent examinerforthe independent | |||
| examination of the charity's annual accounts | 5,000 | 7,500 |
| 2023f | 2022f | |
|---|---|---|
| Wages and salaries | 48,531 | 49,428 |
| Social security costs | 858 | 1,300 |
| Contribution to defined contributionpensionschemes | 11,474 | 14,131 |
| __i,r* | 'r,'* |
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Chief Executive Officer | 1 | 1 |
| Freehold | |
|---|---|
| investment | |
| property | |
| € | |
| Valuation | |
| At1September 2022 | 2,750,000 |
| At31August2023 | 2,75o,ooo |
| 2023t | 2022 f, |
||
|---|---|---|---|
| Trade debtors | 4,908 | ||
| Other debtors | 6,923 | ||
| Prepayments and accrued income | 1,136 | ||
| - | 12,967 | ||
| : |
| 2023t | 2022t | |
|---|---|---|
| Trade creditors | 3,875 | 12,255 |
| Other taxation and social security | 929 | 1,024 |
| Other creditors | 923 | |
| Accruals anddefenedincome | 9,920 | 40,073 |
| 14,724 | 54,275 | |
| Creditors: Amounts fallingdueaftermorethanone year | ||
| 2423t | 2022 | |
| Other creditors | 6,673 |
| Statemantoffunds | ||||
|---|---|---|---|---|
| Statement offunds-currentyear | ||||
| Balanceat1 | Balance at | |||
| September 2O22 €f |
lncome | Expenditure € |
31August 2023 € |
|
| Unrestrictedfunds | ||||
| General Funds - all funds | 2,717,335 | tffirJrl | 2,740,493 | |
| '90,337 | ||||
| Statement offunds-prioryear | ||||
| Balance at | Balance at | |||
| 1 September 2021 ff |
lncome | Expendituref | 31August 2022f |
|
| Unrestricted funds | ||||
| General Funds - all funds | 2,738,417 | 183,946 | y | 2,717,335 |
| 15.Analysis ofnetassets betweenfunds | ||
|---|---|---|
| Analysis ofnetassets betweenfunds-current year | ||
| Unrestricted | Total | |
| funds | funds | |
| 242? | 2023 | |
| € | E | |
| lnvestment property | 2,750,000 | 2,750,000 |
| Cunent assets | 5,207 | 5,207 |
| Creditorsduewithin one year | (14,724) | (14,724) |
| Total | 2,744,483 | 2,740,483 |
| Analysis ofnet assets betweenfunds (continued) Analysis ofnet assets betweenfunds'prior year |
||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| t. | f. | |
| lnvestment property | 2,750,A00 | 2,750,000 |
| Current assets | 28,283 | 28,28s |
| Creditorsduewithin one year | (54,275) | (il,275) |
| Creditors due in more than one year | (6,673) | (6,673) |
| Total | 2,717,335 | 2,717,335 |