REGISTERED CHAIUTY liUMBER: 1200321 REPORT OF TIIE TRUSTEES Ahl) UNAIJDITED FINANCIAL STATE.MENTS FOR TItE PERtOD 9 sEvfEMBER 2022 TO 29 FEBRUARY 2024 FOR THE DAVID LOCK HORSEPOOL FOIINDATIO.N Armstrongs Chartered Ac¢ounrants and Advisers 1 & 2.Mercia Vill2g¢ ronvood Close W¢stwx)od Businc5s Park Coventry West Midlands CV4 8HX DAVID LOCK HORSEPOOL FOLThU)ATION corsTCTrUS OF'fHE FINA]YCIAL ST ATF.MF.NTS EPTE R 2022 Ta 29 FEBRIIARY 2024 FO Poge Repoil of ihe Trnste¢s Imdependent Ex#m5ner's Report ststernent of Financial Activities BAlgntt Sheet Not¢s to the Fin#D¢i¥l St4tem¢Dts Del*i]ed St•temeDt of FiDancial Actiwits THE DAVID LOCK HORSEPOOL FOUNDATION. REPORT OF TIIE TRLSTEES FOR TIIE PERfoD 9 SEPTEMBER 2022 TO 29 FEBRUARY 2024 Th¢ tru5t¢es present their report with the financial statemenLS of the charity for The period 9 Septcmbcr 2022 to 29 February 2024. Ttje Irugite$ have adopted the provisions Df Accoutttin8 and Rtportiiig by C'.liariti¢s'. Statement of Reco￿)]ended Practice 2ppIAcable to charitics preparing their accounts in aGGordaA¢¢ Mryth the Fin&nciai ReportTDg Standard appli¢ablc in rh¢ UK and R¢publi¢ of Ireland (FRS I tt2) l¢ff¢¢tive l January 20191. OKJECTIVES AND ACTivfriES Oble¢¢tv¢s *Dd aims Th¢ Lbwitgs objeLts are as follows.. To advance sueh charitable purposes {a¢cording to th¢ law of England and W#les} 8S th¢ tn￿teeS see fit fron) time i tim¢. The policies adopted in telation io ihe5e obje¢ts have not bccn changed during the y¢3r. Tlie trustecs hav2 paid due r¢gard io guidance i&$lled bythe Charity cffjE￿thlssiots in deciding activities th¢ Charity should undtnake. ACHIEVEMENT AND PERFORMANCE Cbarit¥ble activides The Charity curr¢ntly provides grants to organisations (es(ablished for exclusivtly charitable purposes) as the TrusteeB in their absolute discretion decidt within ihe obj¢cts of the Charity. The charity also provides services ro autisti youjjgsters and their fatnilie5 via our cotwllunÉty fam project. FllDdraising icttvities I'm pleased to pr¢scnt our 2t]tJtsai chairman's rewirt hi8hlightlll8 our aGliievements and plans. Our vision is io create a numirTrng rctrcat tor auhstic youngsters to connect animals and natsjrc in our lotral tam proje¢t. Guided by out s¢v¢n diversety experienced trh]Stees. the thr¢c executives and ¢hariry manager dTTV¢ the tann forw&rd to establish our plalmed service. With our fami m8nag¢r now illtroducitig animals our proj¢¢i hab Alourished with life and voIuni¢¢rs ar¢ soon to be recwited. Adept Care Ho]nes group is our prin¢ipal funder and Hdditional support ivill com¢ troin sponsorship5, dollail0￿5. and s¢rvi¢¢ in¢om¢. W¢'ve invested a substat*ial sum to arquiTe and refurbish the farm with lurthcr signifi¢aut ouday plannd for infraStrUth￿ developnwnt over thc next few years. Th¢ Inevitable challenges and delay5 We￿ met with a positive approach by our team and our strong support n¢twork has kept US m(FVi]]g forward. I sincerety appreciate the hard work of oiir lea￿, donors, and advocate& It has beeJ an exLltillg start, and we look forward to opening the s¢rvi¢¢ later this year. FINANCIAL REVIEW Financial pvsition The trustees are aware of th¢ amount of ￿ndS the Charity holds. Cash fi￿d$ are invested a deposit aCcO￿t with the CAF bank. Thc Charity htld £90.202 on dwsit on 29di February. 2024. The Chariry took out a Legal Morigage with srj associtttd company, Lock Key Prop¢rli¢s, for a totsl of £1,200.000. Tbe ¢n￿tte5 h￿t a&%essed the major Tisks to wthich the is exposed Close Weslwood Business Park C.oventy Wcst Midlartds CV4 8HX Approved by order ot rfie ttNstees on .... ............... . and sign¢d on its b¢half by.. DNLo¢k- Page 2 INDEPEfiDEf4T E_XAMINER'S REPORT TO THE TRUSTEES OF TllE DAVID LOCK IIORSEPOOL FOUNDATION IndepeTrdtDt ex*miner's report to the trastets of The Dawid Lfjck Horsepool Foundation I report 10 the charity trustees on my examination of the &ccounts of The David Lock Horsepool Foundation (the Trust) forthe p¢riod 9 S¢p*mber 2022 to 29 FebNary 2024. Re8pon$lblllt5es ba$i8 of repori A5 the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the rcquireinents of the Charities Att 2011 ('the Act'l. I rcport in respc¢t of my ¢xamin*ion of the Trust's a¢¢ounts ¢arri¢d out under Se¢tion 145 of th¢ Aci and in carrying out JDY examination I h#v£ followcd all applicablc Directions givcn by thc Charity Commi&sion undcr Scction 145{5)Ib) of th¢ Act. Independent ¢y#m5ner's stRtement I have completed my exanination. I confm that tto material matters have come to my 2ttention in connection the ¢x3mitiaiio]L giving me cuust to believe that in ani ￿￿terIal respect.. a¢cowiting r¢¢ords were noi kept in respect of the TnLqt ￿ required by S¢ctiort lio of ihe ACL or th¢ accoutLts do not accord with those records., or the a¢¢ounts do not ¢omply with th¢ applicable requirements cottc¢rning the fom a￿d content of accounts bet out in the Cliarilies (Accounts and R¢portsl Regulations 2008 other rhan any r¢quir¢m¢nt thar lh¢ ac¢ovnrs ¥iv¢ a tnit and fair view whi¢h is not a matter ¢onsid¢r¢d as part of an ind¢p¢ndeni examination. I have no cot)¢erns zt)d hov¢ Come a¢ross no other mattcr5 in rorLllCGtion with th< eXa￿InatioN to Yhich att¢thtion should be drawn in this report in order to cThablc a propcr understanding of thc accounts to bc rcaehcd. Shabbir FCA, FCCA A¥mstrongs Chartered Actoimtsnts and fax Advi$¢rs 1 & 2 Mercia Villa8¢ Tonvood Clos¢ Westwood Business Park Coventry W¢st Midlands CV4 ¥HX Date.. Pag¢ 3 TIIE DAVID LOCK HORSEPOOL FOLNDATION ATE.MLNT OF FTh ANCIAL ACTtVlTIES FOR THE PERIOD 9 SEvfE 2022 TO 29 FEB LARY 2024 Unrestrictc fijnd Notes LNCOME AND ENDOWMF,.YfS FROM Donattons and legacies 127.614 Investment incomc 27 Total 127,641 EXPLNDI'fuRb ON Raising fvnds 13,098 Cb*rit8ble %ctivilies Charitsble activities 4i255 Total 56,353 NPT INCOME 71.288 TOTAL FUh'DS CARRIED FORWARD 71,288 CONTINUING OPERATIONti All in¢oin¢ and expenditure has arisen from corrtinuiog a¢rvit1¢5. Th¢ nor¢s fom part ofthese fin4tt¢i81 statements P&g¢ 4 THE DAIqD LO HORSEPOOL FOLThIDATION BALANCE SHEET 29 FEBRU 024 Unresrri¢t¢ fund Notes FIXED A8SETS Tangibl6 assets 1,081.100 CURRENT A&SETS Cash at bank 90.202 CRED￿oRs Amowjts falling due within one year (240,014) Triwr CURREYT A&8ETS (149,812) TOTAL ASSETS LESS CURRETrT LIABILITIF,S 931288 CREDrroRS AmoLmts falling due after more than on¢ yeor 1860.000) NET ASSETS 71,288 FUYDS UDrestri¢led funds 71.288 TOTAL FUNDS 71,288 The financial stsi¢ments werc approved by ihe Board of Tnjsttts and authoris¢d for i5SUC . were Si￿d on its bebaif by.. on &wstee Th¢ notes fom part of th¢$¢ financial statements Page 5 THE DAVID LOCK IIORSEPOOL FOL74DATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERJOD 9 SEPTEMBER 21b22 TO 29 FKBRI.-ARY 2024 AccoirYtlNC POLICiES Bgsis of pr¢pariDg tkn¢ finaDcial statetllents The financial 5tatcments of the charity. which is a public benefit entity under FRS 102, have been prcpartd in ac¢ordan¢e with the Chariti¢s SORP {FRS 1021 'Accounling and Reporting by Charitics.. Stat¢mtM of RectsmmeTided Prncticc applitiablc to charitits preparing their accounts sn accordance with the Financial Reporting Stsndard applicable in the IJK and Republic of Ireland {FRS 102) (effecitve l Januory 2019),, FiMan¢ial Reporting Standard 102 The l-'inancial Reportifig StandaTd applicabl¢ in the UK and Republi¢ of Ireland, the Chariti¢$ Act 2011. The filloncial statements have been pJrpar¢d under ihe hIS￿rICaL ¢ost ¢onvention_ Incomt All incom¢ is r¢¢ognised in the Stat¢meni of Financial A¢tivities on¢¢ the Charity has entitlemeni io th¢ fimds, it is probable th8t the income will bc received alld the amouDt can bc measured reliably. Expenditure Liabilities are r¢¢ognised as cxpcnditurc as soon a5 th¢rc is a Icgal or ¢onstru¢tivc obligatioll committing the ¢harity to that ¢xpenditurE, It IS PTobablt that a transfer of economic benefits W￿17 be required in Bettlenient and the amouni olthe oblig8Lioll ¢8n b¢ m¢asw¢d reliably. Exp¢nditur¢ is gccoun¢¢d for on an bpsis and has been ¢18ssifi