RECISTERED COMPANY NUMBER: 11843722 (England and Wales) REGISTERED CHAIUTY NUMBER: 1184971 Report of the Trnsttts and Unaudited Fin8Trcial Ststernents for the Year Ended 31 December 21121 for Tethvorth Equestrixn 4 Cedar Park Cobham Road Fenth Ind$131 Esta Wimborne DoTset BH217SF *A8th8GBU4 A23 COMPANIES HOUSE
Tedworth Eque5tri Content5 of the Fiu#vci•l St4ttments for the Year Ended 31 Defeber 2021 Page Report of the Tr¥$te¢s I to 7 Illdependettt Examier's Report St*temellt of Financial Activitie5 Balanet Sheet 10 to 11 tts the Finanti#l St•¢erneuts 12 to 22
Tedworth Equestrian Oiegistered number: 11843722) Report of the Trustees ror tht Yexr Ended 31 December 21121 The truseS who are also directors of the charity for thc purpD5CS of the Companie$ A¢¢ 2. presetst tbeAr report with the fil¢]8] 5tatem¢rJts of the charity for tbe year ended 31 Decernber 2021. The twstees have adopted the provisioos of Attounting and Reporting by Charities.. Sratement of Recornmerkded Practice applicable to Charities preparing their accounts in accordance the Fina18] Reporting Stsndard applicable in the UK and Republtc of Ireland (FRS 102) (efftclive l January 2019). OBJECTIVES AND ACTIVITIL8 Objettives and alms The objects as set out In our goveming documents are.. "Promoiion of the ¢ffi¢ien¢y of ihe arned forces by providing re¢Trational f#cili¢ies for physJ¢al fits%s5 of servin8 members, bener prepar¢ them for active service and the performance of their duties. promote esprit de corps, raise morale and foster close relationshjps". and subject thereto. the encouraget of PD¢7P0(10n irt amaieur sport and re¢TeatJon by all members of the communiry, includingchildren and Yong people. the elderly artd the disabled." Our Visio A network of self-su$taining Amied FoTces Equine Centres that are interwym into the welfare aTKI wellbeing (abri¢ of the Garri50DS. Station and bws IA vknich they reside and play their part in improving the lived experiences of Th¢ Anned Forces Cotnmunity. Our Core Tasks Equine Sport and Recreation We enable and assure that affordability. availability. and a¢¢¢ssÈbklity are not battlers for ittdividuals to improve their physieal and rnenial health througb equ>ne sport and re¢wration. Equine Assisted Services in support to Ihernpy. Reeovery nd Rekabllhtstlon We play our part in improvin8 the aThncd forces ¢OTnmunity health and well1n8 by providing nonclinical quine assisted Anterventions that support therapy. reCOr and rehabilitation. Equine As$i$ted tarAlng We $up3x)rt tIM)se who are Neuro Diverse. aDd others wllere tbe classtoom is simply Th)1 working through Equine Assisted LearnJn8 iThterytnlions. Wlder Welfare Support Beyond eqtjines, each of our cefttres provide welfaTf hubs for tl commwlilies around them. Our Arnied FoTC¢S Community Hubsl Café are by rn8Dy indiviththls and organisaiioii$ utilise them for wider welfare 5uppon activity. Governan<< Leadership and BusiDe55 Support We provide ihe governance, oversighi. leadership. lyJsit&8 and fiDancial support th•¢ equestyiaD ¢¢Otr¢5 and staff need to sutvive and thnve. Increasing legislation. liabilities and financial regulations makes rnnnjrtg equestrian ctntres by njilirary indLvidual$ Is a secottdary dury no longer realistic or feasible. Given the sizt of the UK Amied Force5. the level of ¢ommittnents and budgetary pressure5 tbey no longer ha the cw¢ity 01 skn.ll sets for this role. The charity en8ages with local ¢ommattders, heads of &sthblishtnents and local authorities iu order ¢Dsur¢ that we are delivering to welfare at)d wellbeing as they perceive them io be. We ernploy the staff who deliver e4uine activity at)d facilities management to enable and assures that our centres remain safr and legis18tively ¢onylianL Page I
Tedwor¢h Equt$triats (Registered number: 11843722) Report of the Trusttts for the Yexr Eded 31 December 2021 FINANCIAL REVJEW Fithathf ial po$ition The charity platss to build and mainttin the level of free reserve5 th be at le&sl three rnonth5 operating ex11¢Urr. Progress against this routinely reviewed by Trustxs through the Chan"ty Finance and Audit CoThmittee and at Majn Board meetin8S. As at 31 Decem[ 2021. the Charity total reserve5 (re51ric*d and unrestricted) of £202.828 which represents an decrease of £33.549 from the Prior year. Of this tothl the reserve £140.827 1$ utuestri¢ted and £62,1)01 is restricted. Of the UQTestri¢teAJ Teserves figuT¢ £189.550 is represenied by fixed assets. This left a level of free re5erve5 as at 31 De¢ember 2021 as negative £48,723 wbich is belowl tht W8et level of frec reser¥e5 %t. Howcver the trnstees are working towards increasin8 the free reserv&s. Tbe Testricled reserves figute of £62.IJOI is a result of filtyk nth.ng in advance of 2021 and are liktly to be fully eXpeld irt 2022. FUTURE PLAf4S The Chanty saw again an iocreasing demand for its seryices in 2021 and continues lo do so in 2022. The ¢oronavirus presented Ihe chariry wiib considerable operdtioDal cballeDgc5. a5 is obviously the case a¢ross the whole charity seeior. In ternis of our financial positioz4 the first half of 2022 has continued to be challenyn8. We have seen an increase in restrickd grant support that has enabled the charity 10 iocre&se ITh its dclivcry of its 5 core &ciivities. Complaints We have re1v c¢)rnp13ints about fur¥hai5iDg adiviti¢& All oth¢r fdou101llts w¢r¢ dealt with throuKh the Charity's omplasnts pro¢ess. STRUCTURE. GOVERNANCE AND MANACEMEiYr Governirtg document Tedworth Equesrrian - The Arnxd Forces Equine Charity is a charitsble company by guarantee and was set up on 25 Feb 2019. Tb¢ governing dLKunKnts are the Artides of A$i3110n wert ÈgTeed on estsblishnt of the cbarity in Augusi 2019. Page 2
Tedwortk Eqttestrian Oiegtstered Trurnber: 11843722) Report of tbe Trn5tees for the Yer Ended 31 December 21121 STRUCTUR4 GOVERNANCE AND MAIYAGEMEf4T Retruitment and xppointrnent of new trustees All Mjstee appoitttments are approved fornllY by the Board of Tn]SW. Applications for trltsteeship 8re encouraged from all sections of society. The iK>aTd of TnJst¢e5 met 4 tiThK5 in 2021 ar the board delegates certain fimctions to the followiDg committees". Finance and Audit. 1knsL Stratewy and NOmiTlOn aDd Remw)erntioo. Armed Forces Covenant The charity 15 a SiatOry to the Arrned Fortts Covenaut. COBSEO The Charity is a meTnber of the C(ferntiOn of Forces Chon"ti¢s and in 2021 we became an associate membership of the Contact Gioup which 15 a ¢lwter of arnd forces cknities and orBanisations connected with Ihc dclivery of mental health support. The NationaI Coun¢ll for VoluntAry Orgaoisation$ The chaTity is a mber of NCVO that provides trdining. events. c¢)n5ulthncy. belp and guid&nce. policy aDd Jt5ear¢h to it$ third sector mettthership in UK attd abroad. British Horse Society Ail our centres are mtrnbers of BHS whose rni5510n is to.. Prote and adwar tb¢ education. trainm8 aJKI safety of the public in all inatters relating to the horse. Promote the breedin& well-being. safety, environmenL health and maDagetnent of the horse for the public benefit," PrntTKJte Community participation in heallhy recreation involving the hots¢, PTOItiote and frd¢ilitaie the prev¢ntion of cruelty, neglect or harm to horse5 and to promotc the rclief. safety, Sanctuary, rescue and welfare of horses in Deed of care. alleniion ar assistsDce and to pmmote and se¢ure the provision. proitction and prestryation of rights of way and of acce55 for ridden aTKi driven hotses over public roads, highways, footpath5. bridleways. carriag¢Ys. public paths and other lajxl. Hurjingham Polo Asso¢iAIIo Our Tedworth Park Polo Club 1$ a inenknr of the Hwlingham Polo Aswiation. This is the 8overning body for polo in the UK, Ireland and many other eouotrie$ throughoui the world. As such. li is resnSible for the regulatiODS 2nd Tules under which the game is played. This iJKludes ihe handicapping of any one playing in the U.K. or Ireland. and the fixnjres list. The objeci of the HPA is to fiwther the iMere5ts of w)lo geD¢IlY aj supwjrt by ail possible means the common interest5 of its affiliated Clubs and associations. HETJ The charity is a meTnber of the Federation of Horses in Education and Therdpy International whose misskon is to facilitate the WOTldwide collaboratioo bett¥tcn OTganisJlions and Èndividuals whose objKtives at¢ philanthropic, scientific and edllcaiional iD the field of equinc assisted activities arjd therapies. HEIR- HumA Equine Interction Register UK The charity is registered is 00 the UK HEIR. This gIster airt to brig tO8ether all people involved in the field of bumarh equkne interactions to en$ high quality service provision and create a 8reaier awatenes5 of their work. The Register a¢ts as a helpfid resource for s¢tvice usets LO Jnake inf0md choices. service commi55ioners. fijnder PTaciitioners and anyothe wishing to find out llK>re aF)ut equine a5SiStcd or facilitated progrdnllne5 LD the UK. Those on the Regisier bave deAX)nstrattd thai they have both human and equine welfare at the heart of what they do. Lo¢1 Authority Rtglstration and Inspection All of out cetttres are re8JStered with their local authorities who conduct aDnual TrD5PCCtioDs of Ihern in order to certify tbat they are saft, secure faciliiies. Key 5tsndards thai must bE for certification are.. Horse Welfa. Safeguardirtg.. Customer Care. FacilitLC5 and Faci]itit5 Management. Quality Tea¢hinpJcoaching' Grassland and estste managemertt attd legJ51ative compliance. that place people at thE hcart of what they deliver aThJ have a .h standaTd of animal w¢lfare. All of our Centr&s art at the Gold (Highest) standd. Page 3
Tedworth Equestrian IRegi5tered Duthber: 11843n2) Report of the Trnsttts for the Year Ended 31 December 2021 STRucfuRE GOVERNANCE AND MA]YAGEMEP4T Risk management The TDJsiees havt tbe overall responsibility for ensuring the cbarity has appropriate Sy5tvns of ¢ontroI organJsatioJJally. They are respoDsible for.. ensuring that the ¢haTity is opernting efficiently aThJ effe¢tivelytr its assets are safeguarded against unauthorised use or dispositioD-. proper records arc tTLaint3ined. the financial infom]ation used within the chariry or for publicatLOti is reliable and the ¢haTity ¢omplies with relevant laws and tegulations. The sysiems of internal ¢ootrol ar¢ codified ittto chariry policy and procedures alld are desigDed to provide r¢a50Dable but not absolute &ssurdnce awdinst MISSlement or Ios5. Some of the key internal control measures illclude.. - Delivery of a StrateC Plan and an annual budgtt ?pproved by Tnte5 bcfore the start of the fJDan¢ial year. Regular con52deration by the Tru5ttts of fLnan¢ial results. variance tts budgets. non-finan¢ial perfornwice indicators and b¢nchrrwrking reviews. - Delegation of authority and swegation of duii¢5. - Ideniifjcation and matlagement of risks. Key risks Objective H•w wt mnge the rl$k Regulai Perfomunce Reviews against budgei.+kOprimise esuie. rernain agile and be prepared to diveF5ify by utilising Irru¢1b1¢ spaTe ¢apa¢ity for in¢ome genetating activiry.Ensure opetatin8 a 8roup 8enerates financial efficiencie& e.g VAT Group. Insurance Group etc.Fundrai5jDg plan whicb sets Out diverse range of opportunities and initiatives, benchmarkin8 and securin8 new opporiuniries. Provide CCDtralised busilles$ support seryi¢es martd with Individuals with appropriate KSE foAn annual staff trdining necd5 analysL5'S leadiiig to & osd slate¢t of training requiiement that is used io H2A.AStaff Outpur Survey5 and manage growth in accoTdaDce with individual staff ¢apa¢ity ond staff numbers.++Revi¢w pay and rewards in November ajmually. Thewof covtDmroughVC05t of Living on our Trading Subsjdiaries ability to generate cusiomer income for charirablt purpos. Customer itKome streatt Lackof suktably qualified and expErien¢ed staff Capable and with the capacity to TWI srllall and dium entewses lrtsufficient llumbers of board member5 to deliver requiremEDts leath'Dg to b[d burnout / lack of volunteer supwJrL++Board does n truly represent the berteficiary groups ii is sei up to support. The board lack5 fresh perspeciivcs fro Organisationgindividuab outside the mJlit8ry and charity sector. Effective. efficient and compliant delivery of the Charity Trdding subsidiaries Annual Board SurVey+cOmPanY Se conducts traiDing ¥*eds analysis with Iy)atd members and it)wlements and appropriate IM)ard training plan.+ Growing the size, 5ki115 5cts and div¢tsity of the Charity iwd.
Tedworth Eque5trin Oiegisttred Trumbtr: 11843722) Report of¢he Trustees for the Yer Ended 31 Dettmber 21121 STRUCTURI. GOVERNANCE AND MANAGEMENT Memberships of OTganisation such as COBSEO, NCVO , BHS, HPA, HEri with acce5S to membership areas where learning is sha]Ed at)d where ]nforntIoft LS cascaded via email to key charity 5ff.At1endance on ¢harity conferences and meeting5. webinars by charjty staff on a quarterly basis.++Horizon scanning by CEO and The Charity becot)XS ttM40mpliant Op5 Direcior becomes part of routine or fail$ to mtd its StatOry duties. business. Detasled disrussion betwceD tharity, MOD. Chanty Legal (Wilsons) and Estxte (S2wlls) teams to secllre The charity 15 CODstrained from appropriate leas&li¢en¢¢s at the investrn¢nt inlo infrastructure due to correct rnarkei value for the correct Jack of se¢uTity 011 penods with apptopriaie liabilities and tenur¢.++Chatity is limited sponsibilitie5 attrlbUttd.+Charity and ability to trade for charity Licence5 Working Group tnade in¢ome to support charithble up of key trt)aTd [rMberS with relevant •¢tivity Is curtailed. KSE. legal and estat¢ t¢arns. The inability ro genernte and Website and Social Media Pres(¢r)¢¢ appropriate broad range of donor is kept up to de to push information support and iTKOTne 00 charity aciivity to appropriate strea[.+>PerPtiOs of the sources.+kChan"ty attendance ai hkgh charity and its purpose ¢ould have profile equesttian events both detritnentsl Impact on delivery of internally (Ruudle Cup and Tedworth purFH)se. Cup5) as well as other Failure to deliver effective Effeciive ¢ommunication ¢0 strff and Change.DIsruption to indLVLdual. supporters via fare to face, and online team and group briefirtgs.+kEmploymertt of an cohesion.++Oigonisational Culture Owation5 Dire¢toi to facilitate nd ethos is dIsrupt.+strategic cbange management and culture aligtknlleni is difficuli to identify and work%hops for sraff ar charity and subsidiary level. Introduction of online seminars and COUTses.++The design and ¢r¢ation of a Virtual Equestrjan Cetttre that outreaches to thos¢ who mi8ht not otherwise be able get to our facilities and activities. Maintaining pace legislation and statutory compliance requiTemEnts Ensure appropTia s¢¢utiry of tenwe- Lcase and Li¢¢[e$. Raising the PTofjle and utHkrstandiDg of the ¢hatity Effective Cbange Man¥gem¢nt Exploilin8 teehnology to our advantage. We do not realise the thll p)teniiaJ to support our beAeficiari¢s. Financial Risk M#n•g¢mettt Price RislL The Ch2nty is exposcd to price risk duc to Dortnal infviionary Irea in the purchase price of the and services purchased in the UK. Credit RfslL The amount of exposure to any ind1vithl cowiterpaTty is noi cDrrentlysubj¢¢t to a limiL Liquidity Rl$lL The Charity a¢tiv¢ly maiDtaiAs a mixnLre of cash and long tenn debt finance that is designed to ensure that the chariry has suificieDt avaLlable fijnds to meet its chan"tsblt PUqJ05e aDd charity 8roMblexpanSiODS. Itstere$t Rate RislL The ¢haTity has iOL¢re51-based liabiliiies whi¢h ar¢ at a fixed rai¢ der the Coronavirus Business Bounce Back Loan Scheme.
Tedworth Equ¢strian (RegL5tered numbeT: 11843722) Report of the Trustees for ihe Year Ethded 31 Detember 2021 STRUCTURE. GOVERJYANCE AND MANAGEMENT We confimi thal the major risks which rhe charity is exposed. as identifled by the Tn£$. have beert r¢vi¢wed and 5yStems or procedures are estsblished ro mana8e th05C risks. REFERENCE AND ADMINISTRATIVE DUAIIS Registered Company number 11843722 (En8land and Wale5) Registered Charity number Il84971 Registered offjce CTOtnwell House Hubeil Hamilton Road Bulford Barrdcks Salisbury Wiltshire SP4 9JY Trustees Mr A R Ixjrd MBE (appointed 27.9.21) Colonel F E Castle Air M5hl S Gray. DBE. CB, FiiEng {•ppointed 12.10.21) Mr C E Whittington {appointed l.10.21) Captsin A J Wilson Maj Gen R H falbot Rice CBE Company Se¢ret¥ry Ms S Illingworth Independent Examiner Ward Goodtnan 4 Cedar Park Cobham Road Ferndown Industrial Estate Wirnbome Dorsct BH21 7SF Soll¢it(fvr$ Wilsons Solicirors LLP Sali5bury.' Alexandra House. St Jobns StreeL Salisbury SPI 2SB Bnker5 Holt's Mililary Bankin& 200 Fowl Avcnue. Fowlet Business FarnrQu8ty Hampsbire, GU14 7JP Property nd Est¥tt MAnag¢rnertt Savills, Rolfes Ho$t. Milford Street. Salisbury. SPI 2BP Key Management Liajtenant Colonel (Retired) James Balls MBE- Chief Executive Mis Sam Illin8WOrth- Corporate Services Managcr Mrs Iean Joyce- Finartce Manager "ss AmaDda Smith- Websiic atMI Mcdia Manager Miss Joanna Lonergan- Social Media Manager Mr Kcith Luca5- Facilit1¢5 Managtr MTS Clare Renouf - Book Ke£per Page 6
Tedworth Equestrian (Registered Dumber: 11843722) RepDTI of the Trustees lor the Year Eaded 31 Dectjnber 2021 Approved by order of the board of ttustee5 on... 28 Septernber 2ff22 . and si&*d on its behalf by.. Maj Gen R H Talbot Ri¢e CBE- Twsiee PaBe 7
Independent Examiner'5 Report to the Tru5tee5 of Tedworth Equestrian Independent ex#rniner's report to ihe tru$ttts of Tedworth Equestrian Cthe Comp2ny? l rtptsrt tt> the tharity ttustees on my examination of rhe accoun15 of the Company for the year ended 31 De¢ember 2021. Responsibilities and basis of report As the eharity'5 tnistees of the Company land a150 its directors foT the pUrSe5 of company law) you art iesponsjble for the preparation of ibe accounts in accordance with the r¢quiTenJrnts tsf the Companies A¢t 2006 Cthe 2¢Y)6 ACV). Having 5at15fied Tlly5elf that the artouHts of the CoJnpany are I[ requirtd to be audited under Part 16 of tbe 2006 Act a]Jd are eligible f(Fr indep¢Ddent examination, I report Lll respeei of my exanuoation of your charitys accounts a5 carried out urtdeT section 145 of the Charities Aci 2011 Cthe 2011 Aci?. In c4ryin8 oui my examination I have followed the DIT¢¢tiolls gjven by tbe ChaEity Commission wider section 145{5) Ib) of thc 2011 Act. Independent examiner's statement I have completed my examination. L confiTrn thjt matters have come ¢0 my attention in conne¢tiott the examiDati¢)n giving cause to believe: accounting iecords wete ]wt kept in respect of ihe Cornpanyas required by section 386 of the 21))6 Act" Ot the accouttts do nor accord with those records.. or the accounts do not comply with the accounting rEquiTtTt*uts of seuion 396 of the 21NJ6 Aci other than any rquirernent that the accounts give a true aryl fait view wbich is llot a matter considered as part of an independent examinatioth. or the accouAt$ have ]wt been prepared in accordanct with the mcthods and principle5 of the Statement of Recommended Practice for accountin8 and reporting by charitie5 {applicable lo charities prepaTing their ac¢ouDIS in accordance with the Financial Kcporting sta[aT appli¢able iu the UK and Repllbli¢ of Irelaod (FRS 102)). I bave no ¢on¢erns have come a¢TOSS no other matters connection with the exarniDation to which attention should be drawn in tbi$ teport in order to enable a propu understanding of thc accounts w be reached. Miss J lknchardsoo ACA FCCA DChA Ward Goodrna 4 Cedar Park Cobham Road Femdown Industrial Estate Wimborne DoTse¢ BH21 7SF Date.. 29 September 2022 Page 8
Tedwortth EquestriArt St¥tement of Financi¥l A¢tivities corporatlAg aD Income and Expendieurt A¢cot} for the Year Ended 31 December 21J21 2021 Total funds 2020 Total fwhds Unresiricwl Restricted fld$ Notes INCOME AND ENDOWMENTS FROM Donations and leg2¢ies 60,649 2.788 63.437 66.876 Ch¥ritable 4¢tiviti¢s Charitable activity 15,699 142.108 157.807 2CH),887 Other traditJ8 activitles Investrnent income Other income 21.499 105 1.089 21.499 105 1,089 47 Total 99.041 144.896 243.937 267.810 EXPENDITURE ON Raising fund$ 12.033 J2,033 1,279 Charitable aetivities Clwitable activity IS9.714 105.739 265.453 214.530 Total 171.747 105.739 277.486 215,809 ET INCOMEJ(EXPETIDITUREI (72.706) 39.157 (33.549) 52,001 RECONCILIATION OF FUNDS Total funds brought foTw*rd 213.533 22.844 236,377 184,376 TOTAL FUNDS CARRIED FORWARD 140,827 62.(M)I 202,828 236.377 The noies fomi part of these financial 5tatenKnts Page 9
Ttdworth Equutrlgn (Registered nrnber: 11843722) Balance Sheet 31 De¢ember 21121 2021 Total nds 2020 Total fi]nds Unrestricwl Restricted Ne5 FIXED ASSETS Inian8Jble assets Tangible assets Investrnents 10 27.786 160.763 1,001 27.786 160,763 I,ooi 30,086 194,527 i.ooi 12 189,550 189.550 225.614 CURJiENT ASSEIS Ikbiors Cash at bank 13 6.657 313 6.657 62,314 5,963 58,565 62.CKII 6,970 62.LK)I 68,971 64.528 CREDITORS Amounts falling du¢ within one y¢ar 14 (5.839) (5.839) (3,765) r4£T CUNAENf ASSETS .131 62.1)01 63,132 60,763 TOTAL ASSETS LESS CURRENT LIABILITIES 190.681 62.001 252.682 286.377 CREDoRs AmouDts falling due after more than one year 15 {49.854) (49,854) (50,000) NET ASSETS 140,827 62.001 202.828 236.377 FUNDS Unre5(ricted funds Rc5trL¢led fid$ 17 140,827 62.001 213,533 22,844 TOTAL FUNDS 202.828 236.377 ThE charitable company is entit]fyJ w exemption fmm audit under Sectiots 477 of the Cot)wanies Aci 2006 for tht year ethded 31 December 2021. The wkmbers have not required the company to obtaiD an audit of its fill8]¢1 stateTWllts for the year ended 31 Dectmb¢r 2021 in accordance with Section 476 of the Companies Act 2[1. The trustees acknowledgt Ihtir reSM)StbIlIf1eS for {a) ensuring that the charitable CODwany keep5 aCcou[Lg Tecord5 that ¢omply with Sections 386 and 387 0( the Companies Act 2006 and preparing financial 5ts¢ewnents whith giv¢ a tw¢ atxd fair view of the state of affairs of the cbaritablt company a5 at the end of each finartial year and of its sufjjlus or deficit for each financial yr in accordance with the requirements of Seciions 394 and 395 and which other¥*i5e comply with the requit¢ments of the Comp8nies Act 2006 relating to financial staremenis. 50 faras appli¢able to Ibe chatitable Company. O)) Tht notes fomipart of the5t fil¢1 statements Pa8e 10 tontintsed..
Tedworth Equestriam (Registered ttomber: lJ843722) Balance Shttt- contillued 31 Decernber 21121 These financial staleynents have been prepared in accordance with the provisions applib]e io charithble companies subject to th¢ srrtall companie5 regi. The financial statements were approved by the Board of Trustees and avthotised for issue 28 Septetnber 2022 . and were sigThed on its behalf by.. on Maj Gen R H Tally)t RJ'¢e CBE- Twstre The 01¢$ forni tthrt of these finattial staternents Pa8e 11
Tedwtsrth Equestrian Note5 th the Finxneial Stltemtthts for the Year EAded 31 Decernljer 2021 ACCOUPITING POLIC Bas1$ of pttplring the fin¥nci¥l 5t¥temeDts The fitw]¢ial staterll¢nls of the chari¢Able company. wbi¢h is a publi¢ benefit eniity uuder FRS 102. have b¢¢n prepared irt a¢COTd8rt¢e with the Charities SORP (FRS 102) 'A¢£ounting and Reporting by Chanties". Statemertt of Recortmlleuded Ptartic¢ appliuble to chan'tie5 Prtpoting their ar¢ounts aG¢oidau¢¢ th¢ Financial Reporting Standard appli¢able Jtt the UK and Republic of Iteland {FRS 102) {effe¢tive l Jartuary 2019)., Financial ReponLnE Standard 102 Tr Ftnancial Reporting statrd applicable in the UK and Republie of ErelatLd' and ibe Companies Aci 2006. The finaDcial stsiements have been prepared under the hisiorical cost convention.'with the exception of inv&stmcnts which are included at mthet value. Intomt All income is reco8tsised in th¢ Statement of Finoncial A¢tiviti¢S oD¢e th¢ ¢haT5ty h¥$ etsiid¢ment to th¢ fimds, it 15 probable thai the income will b¢ r¢¢eiv¢d and Ihe amowit can be measured r¢liably. Governrnent grants Government grants shall be recolsed in the SOFA on a 5y5trmatic basis over the puiods in whicb the entity recognises as expeTW the related costs lor which the grants arr intcThJed to compensate. Trade debtors Trade debtors are aT)KTrUt)ts dlle fiom for nh8ndIst sold or services rforE1ed in the ordit Course of business. Trade debtOT5 are rccogni5ed initially at the transaction price. Tlry are 5ubsequtntly mtasured al amortised cost usirtg the effective interest rntihod. less provision for impairTn¢n¢. A provision for the impairnI of trade debtors is establLshed when there is obje¢tive tdell£¢ that the ¢hatity will not b¢ abl¢ to ¢oll¢¢t all aTnouttts due according to the original ternkS of the debL Expenditure Liabilities aff rt¢ognised as expellditt]Tr as so)n as there is # Icgal or ¢onstrLKtive obligation committing the charAty to that expenditure, It Js piobable that a transfer of eeonotijit benefits 1[ b¢ iequiTed In settletnent and the amount of ihe obligation can be measured relÈably. Expenditure Is accounted for on an aten$ basis and ha$ been c13ssified under hradiDg5 tbat aggregaie all c05r related to ihe category. Where costs carmoi bc directly attributed to particular h¢adittg5 they have been all(uted to activitie5 on a ba515 consistent with the use of ]rsources. Trade creditors Trade rreditors are obligatiOD5 to pay for gr5 or services that bavc beeD acquired in the ordtnary course of business from supplieTS. AccouDts payable are clatsified as cwrent liabilities if the charity does Dot have an unconditlortal right ai the end of the rwrting period. to defer settlement tsf the creditor for at least twelve rnoDths after the reportill8 date. If there 1$ at) KondItiOnal righi th defer settlement for at least twelve ny)nths after the reporting date. they are pre5eDted non-current liabilitie5. Tnde creditOTS are recognised initially at the tran58ction price aThJ subsequently rneasu at arnortised cost u$itl8 the effectiv¢ Jnr¢st uKthod. Goodwill Good11. bein8 the paid in conrtttion with the acquisiikon of a bsinesS in 2019. is being amortised evenly over its estirnatcd useful lift of tCD Ye5. Ttsgible tlxed auets Depreciation LS pl0ded at the following allnual rntes in order to write off ea¢h ass¢t ov¢r its ¢StitDdted usefvl Arcna5 and Fencin8 Horses Motor v¢hi¢les FumittLre and Eqllipment 4Vo ¢Jn cost 2(VA on cost 33% on ¢tsst 33Yts on cost and 21)% 00 rA Pa8e 12 continued...
T¢dworth Eqkn¢strian Notes to the Fin¢11 StaterneRts- Continued for tbe Year Ended 31 Deternber 2021 AccouwfIiYc POLICIES- cont5ed Tax8tion The charity is extmpi from corporation tsx on its ¢lwi"tsble activiti¢S. Fund actounting Unre51ricted fimds can be used in accordance with the Charitsble objectives * the discretion of the tNstee Re5kncied fijnds can only be used for particul¥r restrictyj purposes within the objects of the Charity. Restrictions arise when speeified by ihe donor orwhen fimjds #re ni5ed for particularffstricted poSe$. Furfher explaTtation of the naftLre aud pwpose of ea¢h fiubj is io¢lwl¢d the notes ro the finatlcial statements. Pension costs and other post•retirement benefits The ¢haTiiable company operat¢5 a deflnd ctsntyibutionp¢n5ion s¢h¢me. Contributions payable lo the ¢haritable cOtnpanS pe70a s¢hetne aTe ¢hargcd to the staent of Fb8111 Activiftes in the period to whicb they relate. DONATIONS Af4D LEGACIES 2021 2020 Dotjations Gift aid Grattts Subscriptioos 62.753 53.804 10.213 2.859 63,437 66,876 Grallts receive4, in¢lvded in the above, ar¢ ¥ follows: 2021 2020 GovernTnent grdnts 10,213 OTHER TRADC ACTIVITIES 2021 2020 Fundraising events Cafe and bar in¢ome 18.207 3.292 21.499 INVLSTl¥fENT INCOME 2021 2020 DerK)sit a¢COUDt inttrtst 105 47 Page 13 continued...
Tedworth Eque5tri to tbe FittAtt¢ial Statefflents- Continued for the Ye&r Ended 31 December 2021 INCOME FROM CHARITABLE ACTIVITtLS 2021 Charitsble activity 2020 Total a¢tivities Les50n income Livery incorne Competiiion Inco Facility hirc Grants Other income 43,302 55.953 972 4.145 94.276 2.239 157,71 96 157.807 200.887 Grants received, included in the above. are 8$ follows: 2021 2020 Kickstart Grani Rural Payments 08ency British Horse Society Arnieij Force5 Covenant Sport England Wiltthire Ctswil Wilts]Jire Community Foundation Sir Peter 0'SlIeva Charitsble TnLSi HorseBack UK WASP- Steve Boocock Drapers, Charitable Fund GOGA Arniy Central Fund 5.603 40.926 I,(K)O 42,750 9,600 62,500 20.740 9.250 iO.O(N) 10,(KKJ io.o(y) 4.5(N) 17.118 157.711 94.276 NET INCOME1XPEND1TuRE) Net incomeJ(exr*nditure) is stakd after Chargin[Crediting). 2021 2020 Depreciation- owned assets Surplus on disposal of fixed &85ets Goodwill amorti5ation IndepeThdent examination frc 40.287 (399) 2,3 2.750 41.922 (7.500) 2,300 1,600 Page 14 ¢ontiDu¢d...
Ttdwtsrth Equestrian Notes to the Financial Statements- continued for the Ytxr End¢d 31 December 2021 TRUSTEES, REMUNERATIof4 AM) BENEFITS There were no tntsttts. remuneration or other beneflts for the year erKled 31 Dc¢ember 2021 nor foi th¢ year ended 31 December 2020. Tru5tee5 expenses There Were no tswstces, expenses paid for th¢ yeaT eThJ1 31 Decernber 2021 nor for the year ended 31 Dectmbcr 2020. STAFF COSTS 2021 2020 Wages and salaries Social se¢urity ¢OSts Other pension ¢OSLS 78.295 4.078 613 89.932 4.017 1.366 82.986 95.315 The avera8e rllonthly number of employees during the year was as follows.. 2021 2020 Employees No employees received emolunxnts in excess of £60,1W. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL AcrIvrrffES Unrestrtcted fund Restricted funds Totsl futMIs INCOME AND ENDOWMEf4TS FROM DoDations 3nd le8acies 65.362 1.514 66.876 Charitable A¢rfvltie5 Ch8ritable a¢tivity 147.537 53.350 200.887 IDv¢stment ithcorne 47 47 Total 212.946 54.864 267.810 EXPENDuRE ON Raising funds ,279 1.279 Charitable 8ctivitie5 Charitable activiry 182,510 32,020 214.530 Total 183,789 32,020 215,809 PIET INCOME 29.157 22,844 52,001 RECONCILIATION OF FUNDS Tot41 fund$ brought forw*rd 184J76 184,376 Page 15 continucd...
Tedworih Equestrig r4otes to the Financial St¥temeNts- Continued for the Year Ended 31 December 2021 COMPARATTVES FOR THE STATEMEP4T OF FINANCIAL AcrtVITIES- continutd UrLre5tricred (und Re5tri¢ted funds Totsl fi]nds TOTAL FUNDS CARRIED FORWARD 213.533 22.844 236,377 INIAFIGIBLE FIXED ASSETS Goodwill COST Al l January 2021 and 31 Dcccmkn 2021 32.386 AMORTISATION At l January 2021 Charge for year 2.3 2.300 At 31 December 2021 NET BOOK VALUE At 31 December 2021 27,786 At 31 December 2020 30.086 Ji. TANGIBLE FIXED A&SETS Furniture snd Equipment and Fe18 Motor vehi¢l¢s Totsl$ COST At l January 2021 Additions Disposals 86,139 57.(XM) 47.348 45.962 10.255 236.449 10.255 (4,500) (4.5C(I) At 31 D¢cember 2021 86,139 52JIM) 47J48 56.217 242.204 DEPRECIATION Ai l January 2021 Char8e for year Eliminated on di5P05al 13287 10.304 (768) 14.504 15.784 10.047 10.754 41.922 40.287 (768) 3.445 Ai 31 DeceTythI 2021 7.529 22.823 30288 20,801 81.441 NET BOOK VALUE At 31 Dece[ 2021 78,610 29.677 17.060 35.416 160.763 At 31 Decerthr 2020 82.055 43.713 32.844 35.915 194,527 Page 16 Oniinu¢d...
Tedworth Equestria Note5 to the Finantial Statements- continued for the Ye*r Etsd¢d 31 De<ember 2021 12. FIXED ASSET INVESTMENTS Unlisted Investments MARKET VALUE At l January 2021 and 31 December 2021 NET BOOK VALUE At 31 December 2021 1.001 At 31 DeceTtther 2020 1,001 Thtre were no investtneni assets outside the U The ¢ompany$ ioyesttnents at the balanre sheet date iti the share rapiral of ¢ompatties include the followin8: Tedworth Eque5tr5an Trading Limited Registred office.. CroTnwell House Hubert Hamilion RO Bulford Barra¢ks, Salisbury. Eng]and, SP4 9JY Class of share". Ordinary holding 2021 2020 Aggregate ¢8pital and resenfes Profjt for the year 1,066 799 267 266 Tedworth Park Polo Ltd Registered office.. T¢dworth Polo Office. Tedworth ParK Tidwortl Salisbury. ETh81an SP9 7AH Clas5 of share.. Ordindary holdin8 2021 2020 Aggr¢gaLe capital and reservtts I$$ for the year (33.958) (9.198) (24.760) {56.386) 13. DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 2021 2020 Trade debÈors Other debtots VAT Pxepayments alld ac¢rned inwme 800 2,322 1.338 2.197 31 5.932 6.657 5.963 Page 17 continued...
Tedworth Eque5tTian Notes to the Fithxrttial Staternents- Contied for the Year Ended 31 December 2021 J4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade creditors Arnount5 owed to group undertakJ"ngs Social 5ecuTity and othu lax Other creditor5 Accrued expens 1.436 1,676 333 66 1.690 491 3.910 5.839 3,765 15. CREDITORS: AMOIJNTS FALLING DUE ArfER MOBI THAN ONE YEAR 2021. 2020 Bank lo$ (see noie 16) 49.854 so.000 16. LOANS An analysss of the maturity of loans is 8iven bekiv. 2021 2020 Amounts fallin8 between one and years: Bank loans- 1-2 years 49,854 50.000 17. MOVEMENT IN FU14DS Net Tty)vem¢nt An fimds At 31.12.21 At 1.1.21 Unre5trieted funds General fund 213.533 (72.706) 140.827 Restricted funds Positive Pathway5 Coming Togetber Aviva Crowdfvnding Local Youth Gratht Loo Block- Tidworth Area Blc*k Tidworth Area Board Tackling tncqualitie5 Afghan PTograrnme DrapeTS' Charitabl¢ Fund Get Oui Get Aciive Positive Pathways- Horseback UK GraDt 18.830 2.5(Kl 1,514 (4,256) (2,500) (1.005) 4.500 12,307 3.895 (3,754) 17.500 7.893 4.51)0 77 14.574 509 4.500 12,307 3,895 (3,754) 17.500 7.893 4,500 77 22.844 39,157 62,001 TOTAL Fuf4DS 236,377 (33.549) 202.828 Page 18 continued...
Tedworth Equestrian Notes to the Finn¢ial Siaiements- continued for the Year Ended 31 December 2021 17. MOVEMENT IN FUNDS- Contined Net movement in fimds, included in the above as ftillows.. Incomit)g Re50urc&% MovenKnt irb funds Unrestricted fund5 General fund 99.041 (171.747) (72,7061 R¢$tricted funds Positive Pathway$ Comirtg Together Aviva Crowdfimding iD¢al Youth Grant Loo Blo¢k- Tidworth Area BlcKk Tidworth Area Board Tackling Inequalities Equine fher2Py Afghan Programme Drapers, Charitable Fund Get Out Get Active Positiv¢ Pathways - Horseback UK Grant 35,IK) (39.256) (2.500) (4.434) (13.(KlO) {9.8ll) {3.705) (11.754) (9.250) (4,2561 {2,S(K)I {1,005) 4,51K) 12,307 3,895 (3,754) 3,429 17,500 22,118 7,600 8.0 9,250 17,500 9,999 17,5(N> 7,893 4,500 77 (2.106) iO,O(K) (9.923) 144.896 (105.739) 39,157 TOTAL FUNDS 243,937 (277.486) P3,549) Conw*r8tives for movernent ID fund5 Net movtmeni in TrdS At 31.12.20 At 1.1.20 Unrtstricted fund$ General fi]nd 184,376 29.157 213,533 Restricted funds Positive Pathways Ctsming Together Aviva crOwdr1n8 18.830 2.500 1.514 18,830 2,500 ,514 22,844 22.844 TOTAL FUNDS 184.376 52,001 236.377 Page 19 continued...
Tedworih Eq¥estri*n Notes to the Financial St#trtnents- tontinued for the Year Ended 31 December 2021 17. MOVEMENT IN FUNDS- tontinued Comparative net nN)vement in fund& ITKluded in the above are as follows: Incoming Resources expEnded Movement in funds Unrestricted fund5 GeDcral fiuKI 212,946 (183.789) 29.157 Restricted fttthd$ British Hardship Fund Positjve Pathways Sport England Conun8 Together Aviva Crowdfunding (l.(N)01 (14,4201 (9.600) (7.IX)01 33.250 9.6CN) 9,5rKI 1.514 18,830 2,5 I,$14 54,864 (32.020) 22.844 TOTAL FiJNDS 267.8JO (215.8091 52.1)01 A current year 12 months and prior year 12 m¢)nts combined position is as follows: Net veTnent in fimds At 31.12.21 Atl.1.20 Unrestricted fund5 General fund 184,376 (43,549) 140,827 Restricted funds Positive Pathways Aviva CrOwdfidIttg L(31 Youth Granl Block- Tidworth Area Blwk Tidworth Area Board Tackling lllequalities Afghats Programrt)e Drapers, Charitable Fund Get Out Get Active Positive Pathvays- Horseback UK Grant 14.S74 509 4.500 12.307 3,895 (3.754) 17.500 7.893 4,500 77 14.574 509 4,5(K) 12,307 3.895 (3.754) 17.5 7,893 4.5(K) 62.001 62.1)01 TOTAL FUNDS 184.376 18.452 202.828 Pag¢ 20 continued...
Tedworth EqMestrl Notes to the Fin¥nrial St4ternents- colltinued for the Yur Ended 31 December 2021 17. MOVEMENT IN FUNDS- tothtirtued A currtnt year 12 nJonth5 and prior yeor 12 ttIl5 coryined net Twvement in filnds, tncluded in the above are &5 follows.. In¢omirtg Resources expended Movement in fijnds Unre5trieted funds General knd 311.987 (355.5361 (43,549) Restrltttd fund5 British Hardship Fund Positive Pathvays Sport En8land Comin8 Togelher Aviva Crowdfunding Local Youth Grant Loo Block- Tidwortb Area BIL*k Tidworth Area Board Tackling In¢qualitses Equine Therapy Afghan prograrn Diapets, Chantsble Fund Get Out Get Active Positive Pathway5 - Horseback UK Grant i.0 68.250 9.600 9.500 4,943 17.5 22.118 7.600 (1.000) (53.676) (9.600) (9.500) (4.4341 {13.000) (9.811) (3.705) (11,754) (9.250) 14,574 509 4,500 12.307 3,895 13,7541 9.250 I7.5() 9.999 4.5(M) io.oc 17.5(KJ 7.893 4,500 77 .106) {9.923) 199,760 (137,759) 62,001 TOTAL FUNDS 511.747 {493.295) 18,452 Positive Pathways - ThÉs is a grnnt from Amied Forces Covenartt Trust (AFCFD that supported a Ve¢er#ns Polo Project for Veterans p)sitiV¢ M¢rttal Health through participaiion and internction with polo ¢veDts and a¢iiviti¢s. Coming Together- This again Vds a grant froEn AFCFT that supportcd the Health and Wtllbeing of ihe S¢ryin8 Soldiers and their Families serving in and around Tidworth. Nether Avon and Bulford G8rrisort. Aviva Crowdfunding - Thi5 wa5 a ¢rowdfunding a¢Llty that supported the purch&st of a winch that supports that mounting onto hor5e&lponies those who as a t¢su]t ofdisability need this &ssistsnce. Local Youth Grant- Thi5 was a WiltshiTe ical Area Board aIlld at providing EqIne &ssisted Ixarning for children young people of the Tidwonh Area Board wbo had become disengaged from schooveducation. Loo Block- Tidwortb Area Blo¢k- This was a WiltshiTe ttal Area Board 8fdnt toward the TefLErbi5hrnent tsf the Totlet fa¢iliiies and w0$hOP * the Tedworth F4uestyi•) C¢ntr¢. Tidwortb Area Board- This was a second Wiltshire Llxai Area Board grant alt)d at children and young people of thc Tidworth Area Board who bad become disengaged from schooveducation. Tk¢kling Ineq&1111es - This was a grdni frorn Wiltshire al Swindon Sports Partnetship that helped delivu a virtual equestrian centre that provided free access to itidividua]s who otherwise would not be able ¢0 gei physically to an equestrian ¢¢ntye to learn about equine matte_ li also included health aDd wellbeing (fLID¢ssI 5e5sions aiTtRd ai improving the S¢reDoh and o)nditionmg of iudividuals in COVID PEriod. Afghan ProgtarDm¢- Tbi5 VdS1i5 an AFCFf Grnot to support our WOTk to ¥sist tFM)st who were impacted by the rvents of Afghanistan drawdow] through the provision of an Artned Forces Community Hublcafé Lhai acts as a Welfare ¢entr¢. Page21 Continued...
Tedworth Equestria Notes to the Finanri#l Stxiements- continued for the Year Ended JI Detember 2021 17. MOVEMENT U4 FUNDS- continued DraFrs' Charitable Fund - This a gTrnt frorn the Drapets Liv¢ry Company that supports the delivery of CqULne a5s1St 5erviccs to Veterans thallcnge by PTSD Get Out Get Active - This is a gtat)i from the Wiltshitt and Swindon Sports Partnership (WASP) Ibat supports ¢quin¢ assisted servitts to the elderly ill Wilishirt. PositLve Pathways - This was a grant gbven by AFr to H¢)rseback UK Charity under a separate Positive Pathways Grant iniiiaiive. The paJTneDt to was for tbe use of our f3cilitie5 the logist]admitt that we around delivering 3 x I week Equine A5SiSted Service5 10 support Vderans Mental Health Challenges. 18. RELATED PARTY DISCLOSIIRES During the ytar etwjed 31 D¢cembei 2021. T¢dworth Equestriat) Charity owed nil (2020.. £3917) to Tedworth Park Polo. Dyring the year ended 31 December 2021. Tedworth Equ&striaD Charity was owed £844 (2020: £2.240) by Tedworth Park .dÈn8. Pa8e 22