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|Reference andadministrative detailsof thecharityr,itsTrustees andadvisers|1|
|Trustees'report|2-6|
|lndependent examinedsreport|7|
|Statement offinancial activities|I|
|Balancesheet|I|
|Notestothefinaneial statements|'10-18|
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|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|
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|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|
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|||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|
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||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|
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2422|
||€|€|f|
|Donations|114,268|114,268|111,944|
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||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|
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||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|
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||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|
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||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|
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||Freehold|
|---|---|
||investment|
||property|
||€|
|Valuation||
|At1September 2022|2,750,000|
|At31August2023|2,75o,ooo|
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|||2023t|2022
f,|
|---|---|---|---|
|Trade debtors|||4,908|
|Other debtors|||6,923|
|Prepayments and accrued income|||1,136|
|||-|12,967|
||:|||
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||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|
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|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|
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|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|
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