2023-09-29-accounts

COMPANY REGISTRATION NUMBER: 19321 CHARITY REGISTRATION NUMBER: 208905

The Hackney Horse Society Limited Company Limited by Guarantee Unaudited Financial Statements 29 September 2023

DIANA MILLER FCA, ROBINSON MILLER

Chartered accountants 3 Newopaul Way Warminster Wiltshire BA12 8RY

The Hackney Horse Society Limited

Company Limited by Guarantee

Financial Statements

Period from 1 October 2022 to 29 September 2023

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	6
Statement of financial activities (including income and expenditure
account)	7
Statement of financial position	8
Notes to the financial statements	10

The Hackney Horse Society Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Period from 1 October 2022 to 29 September 2023

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 Period ended 29 September 2023.

Reference and administrative details

Registered charity name The Hackney Horse Society Limited

Charity registration number 208905 Company registration number 19321 Principal office and registered 68 West Street office Warminster Wiltshire BA12 8JW

The trustees

B Ashbridge (Appointed 14 February 2024) S Barraclough (Resigned 31 December 2022) R Carter (Resigned 31 December 2022) J Clough (Resigned 12 July 2024) J H Creswell (Resigned 12 October 2023) J H Chicken (Appointed 1 January 2024) E A Howell (Appointed 1 January 2024) M Hardy (Resigned 1 March 2023) N Salter (Appointed 1 January 2023) S Redsell (Appointed 1 February 2024) Mrs P Peters (Resigned 31 December 2022) R W Robertson A L Ward E A Ward (Resigned 31 December 2022) R T Walker Jnr (Resigned 31 December 2022)

1

The Hackney Horse Society Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued) Period from 1 October 2022 to 29 September 2023

D L Cooper H Nebbeling (Resigned 12 July 2024) W Murrell T Thomas (Appointed 15 February 2024) F Eastwood B A Ward E A Walsh Jnr J P Peters (Resigned 1 January 2024) Mrs S Hardy (Resigned 1 March 2023) C R Hurd (Resigned 14 April 2023) Mr J Wenham (Resigned 12 July 2024) F J Moonan (Appointed 1 January 2023) N Wray (Appointed 1 January 2023) F W Walsh (Appointed 5 February 2024)

The trustees present their report and the financial statements for the year ended 30th September 2022. The trustees, who are also directors of The Hackney Horse Society Limited for the purposes of the company law and who served during the year and up to the date of this report are set out on page 1- 2.

Independent examiner

Diana Miller FCA, Robinson Miller 3 Newopaul Way Warminster Wiltshire BA12 8RY

Structure, governance and management

The company is Limited by Guarantee. The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as members of the council. Under the requirements of the Memorandum and Articles of Association members of the Council are elected to serve for a period of 3 years after which they must be re-elected. Its activities are regulated by the company's Memorandum and Articles of Association. Meetings of the members of Council are held 3- 4 times per year to discuss the activities of the charity.

New trustees are usually recruited by the existing trustees from the members although applications are always considered from interested parties. Training is provided to all new trustees by the board.

All operational decisions are made by the board with no such powers delegated to staff members.

2

The Hackney Horse Society Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Period from 1 October 2022 to 29 September 2023

Objectives and activities

The objectives of the charity are to promote the breeding of Hackney Horses and ponies which are now a critically endangered breed on the RBST's watch list. The objectives include:-

Maintaining the purity of the breed by confirming that any registrations are strictly adhered to as per our Stud Book policy.

As Defra approved Passport Issuing Organisation (PIO) to maintain and uphold European/Defra legislation on Equine Passports.

To promote the Hackney in the equine world and hold shows and most importantly an Annual Breed Show for Hackneys.

The principal funding sources are investment income, donations and subscriptions, sale of goods, charity auctions and raffles, funds from charitable activities and stud book activities and the Horserace Betting Levy Board grant.

The Society has continued to protect the breeding of Hackneys through the process of DNA testing. It had tried to increase the breeding of animals by allowing the use of artificial inseminating both at home and overseas. The HorseRace Betting Levy Board (HBLB) grant helps the Society to encourage owners to breed animals, therefore maintaining numbers. The society provides grants to members to assist with certain costs, including the costs of registration and DNA testing. Also the HBLB grant helps by by alleviating some of the cost involved in showing animals at the society's showcase show, the Annual National Breed Show. The Society continues to maintain and publish an annual year book and five yearly Stud Book.

The society website offers comprehensive information on the breed, shows, etc, and it is a source for necessary EU/Defra legislation. It continues to be expanded and improved to facilitate the promotion of the breed.

How Our Activities Deliver Public Benefit

All our charitable activities focus on the above objectives and are undertaken to further our charitable purpose for the public benefit. The Charity Trustees have complied with the duty in the The Charities Act 2011 to have due regard to guidance published by the Charity Commission in regard to a public benefit statement.

Achievements and performance

In today's climate it is difficult for a critical rare breed to be able to increase their numbers. The Society strives to maintain the numbers of animals registered so that this pure British breed will continue.

3

The Hackney Horse Society Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Period from 1 October 2022 to 29 September 2023

Financial review

The attached Financial Statements show the state of the Charity's finances at 29th September 2023. At the current time the council considers the organisation to be financially sound but recognises that action is needed to ensure costs are kept under tight control going forward to ensure the long term survival of the Society. The charity operates on tight margins. A policy has been taken to maintain the Fixed Assets Investments of the organisation in order to generate the necessary level of income each year to allow the charity to maintain its current level of operations. The funds of the charity have also been assisted in recent years by the receipt of an annual grant from the Horserace Betting Levy Board. Investments have performed in line with expectations over recent years and are managed under the advice of charity's stockbrokers, Barclays Wealth.

A majority of the charity's income and expenditure is unrestricted. The restricted funds predominately relate to the grant from the Horserace Betting Levy Board which is provided annually for certain specific purpose (as detailed within the enclosed accounts) and certain show event sponsorship by breeders. All funds are held in furtherance of charity's objectives.

Unrestricted Funds at 29th September 2023 totalled £201,752 (2022: £188,986). No Restricted funds were held.

The Society's investments had recovered their value in the period, after the losses in the year ended 30th September 2022. The Charity continues to hold it's investments for the long term for income generation and has sufficient liquid funds to not necessitate the realisation of these investments.

The trustees are required to safeguard the assets of the company and take reasonable steps for the prevention and detection of fraud and other irregularities. All major risks that the charity is exposed to are reviewed on a regular basis by the trustees. Systems have been established to mitigate those risks. In particular, as the charity operates on tight margin the committee ensures that the costs of the charity are kept under close control. The income and expenditure of the charity is reviewed regularly to ensure that deficits are very tightly monitored and mitigated.

The society is prohibited by its Memorandum and Articles of Association from paying dividend.

As a result of formal changes to the Memorandum and Articles of Association during the year ended 30th September 2007 the company financial statements no longer require a statutory audit.

Plans for future periods

Going forward the charity intends to continue its current activities including the breed show and grants to owners in order to support the ongoing breeding of Hackney Horses.

4

The Hackney Horse Society Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Period from 1 October 2022 to 29 September 2023

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 20 August 2024 and signed on behalf of the board of trustees by:

N Salter D L Cooper Trustee Trustee

5

The Hackney Horse Society Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of The Hackney Horse Society Limited

Period from 1 October 2022 to 29 September 2023

I report to the trustees on my examination of the financial statements of The Hackney Horse Society Limited ('the charity') for the Period ended 29 September 2023.

Responsibilities and basis of report

The trustees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 (the '2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 386 of the Companies Act 2006 and

• prepare accounts that accord with those accounting records, and

 to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met, or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached."

Diana Miller FCA, Robinson Miller Independent Examiner

3 Newopaul Way Warminster Wiltshire BA12 8RY

20 Aug 24

6

The Hackney Horse Society Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Period from 1 October 2022 to 29 September 2023

					Year to
		Period from	1 Oct 22 to	29 Sep 23	30 Sep 22
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	–	40,783	40,783	30,745
Charitable activities	6	35,497	–	35,497	38,276
Other trading activities	7	2,016	–	2,016	–
Investment income	8	8,348	–	8,348	6,675
					
Total income		45,861	40,783	86,644	75,696
					
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies	9	–	4,425	4,425	–
Costs of other trading activities	10	600	–	600	1,250
Expenditure on charitable activities	11,12	43,975	36,358	80,333	80,592
					
Total expenditure		44,575	40,783	85,358	81,842
					
Net gains/(losses) on investments	14	11,480	–	11,480	(11,714)
					
Net income/(expenditure) and net
movement in funds		12,766	–	12,766	(17,860)
					
Reconciliation of funds
Total funds brought forward		188,986	–	188,986	206,846
					
Total funds carried forward		201,752	–	201,752	188,986
					

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 10 to 22 form part of these financial statements.

7

The Hackney Horse Society Limited

Company Limited by Guarantee

Statement of Financial Position

29 September 2023

		29 Sep 23	30 Sep 22
	Note	£	£
Fixed assets
Tangible fixed assets	19	584	1,002
Investments	20	175,404	164,156
			
		175,988	165,158
Current assets
Stocks	21	2,323	3,080
Debtors	22	2,844	1,281
Cash at bank and in hand		59,751	73,840
			
		64,918	78,201
Creditors: amounts falling due within one year	23	39,154	54,373
			
Net current assets		25,764	23,828
			
Total assets less current liabilities		201,752	188,986
			
Net assets		201,752	188,986
			
Funds of the charity
Unrestricted funds		201,752	188,986
			
Total charity funds	25	201,752 	188,986 

For the Period ending 29 September 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The statement of financial position continues on the following page. The notes on pages 10 to 22 form part of these financial statements.

8

The Hackney Horse Society Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

29 September 2023

These financial statements were approved by the board of trustees and authorised for issue on 20 Aug 24, and are signed on behalf of the board by:

N Salter Trustee

D L Cooper Trustee

The notes on pages 10 to 22 form part of these financial statements.

9

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements

Period from 1 October 2022 to 29 September 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 68 West Street, Warminster, Wiltshire, BA12 8JW.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

10

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

3. Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: The charity includes an accrual at the year end in respect of Registrations and Grants the society is obliged to pay after the year end in respect of animals born before the end of the financial year but not yet registered by that date. As there can be a considerable length of time between the birth of a foal and the application, the level of this accrual has to be based on assumptions and estimates based on prior years.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

11

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

12

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

3. Accounting policies (continued)

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

In addition to the Tangible fixed assets within the financial statements, the charity owns Heritage Assets donated to the charity many years ago including cups and paintings. These assets are not included within the Balance Sheet as it is considered that it would be difficult to determine their fair value reliably and the cost of incurring professional charges to attempt such a fair value would not be commensurate with the benefit obtained.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 3-10 Years Straight Line for General Equipment

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

13

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

3. Accounting policies (continued)

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The Hackney Horse Society is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amounts as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

5. Donations and legacies

Donations and legacies
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Donations and sponsorship	–	12,753	12,753
Grants
Horserace Betting Levy Board Grant	–	28,030	28,030
			
	–	40,783	40,783
			
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Donations
Donations and sponsorship	633	10,100	10,733
Grants
Horserace Betting Levy Board Grant	–	20,012	20,012
			
	633	30,112	30,745
			

14

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

6. Charitable activities

6.	Charitable activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Affiliation Fees income	270	270	210	210
	Stallion Permit and Licence income	150	150	420	420
	Passports Income	1,570	1,570	1,214	1,214
	DNA and Blood Typing	4,610	4,610	2,870	2,870
	Year and Stud Book Income	4,445	4,445	5,944	5,944
	Registration Income	2,755	2,755	1,955	1,955
	Registration Transfers Income	2,214	2,214	2,260	2,260
	Entry Fee Income	3,527	3,527	3,417	3,417
	Vehicle, Caravan Passes & Stabling	8,300	8,300	10,775	10,775
	Catalogue Income	150	150	275	275
	Sundry Income inc Prefix Income	400	400	–	–
	Life Membership Postage Income	–	–	40	40
	Subscriptions	7,106	7,106	8,896	8,896
					
		35,497	35,497	38,276	38,276
					
7.	Other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Fundraising Event - Charity
	Auction/Raffle	2,016	2,016	–	–
					
8.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Income from listed investments	7,948	7,948	6,646	6,646
	Interest Receivable	400	400	29	29
					
		8,348	8,348	6,675	6,675
					
9.	Costs of raising donations and legacies
		Restricted	Total Funds	Restricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Costs of raising donations and legacies
	- Donations	4,425	4,425	–	–
					

15

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

10. Costs of other trading activities

**10. **	Costs of other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Costs of other trading activities - Cost
	of Goods for Resale	600	600	–	–
	Costs of other trading activities -
	Members Dinner	–	–	1,250	1,250
					
		600	600	1,250	1,250
					
**11. **	Expenditure on charitable activities	by fund type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Registrations, Grants to Members & Yearbook		5,373	9,213	14,585
	Show Account & Horse & Pony Championship		9,172	27,145	36,318
	Support costs		29,430	–	29,430
					
			43,975	36,358	80,333
					
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Registrations, Grants to Members & Yearbook		6,494	10,683	17,178
	Show Account & Horse & Pony Championship		13,767	19,429	33,197
	Support costs		30,219	–	30,217
					
			50,480	30,112	80,592
					

12. Expenditure on charitable activities by activity type

	Activities
	undertaken	Grant funding		Total funds	Total fund
	directly	of activities	Support costs	2023	2022
	£	£	£	£	£
Registrations, Grants to
Members & Yearbook	–	14,585	–	14,585	17,178
Show Account & Horse
& Pony Championship	36,318	–	–	36,318	33,197
Governance costs	–	–	29,430	29,430	30,217
					
	36,318	14,585	29,430	80,333	80,592
					

16

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

**13. **	Analysis of grants
				Period from
				1 Oct 22 to	Year to
				29 Sep 23	30 Sep 22
				£	£
	Grants to individuals
	Grants to individual members			11,927	13,065
					
	Total grants			11,927	13,065
					
**14. **	Net gains/(losses) on investments
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Gains/(losses) on listed investments	11,480	11,480	(11,714)	(11,714)
					
**15. **	Net income/(expenditure)
	Net income/(expenditure) is stated after	charging/(crediting):
				29 Sep 23	30 Sep 22
				£	£
	Depreciation of tangible fixed assets			418	446
					
**16. **	Independent examination fees
				Period from
				1 Oct 22 to	Year to
				29 Sep 23	30 Sep 22
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements			2,400 	3,894 

17

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

17. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	Period from
	1 Oct 22 to	Year to
	29 Sep 23	30 Sep 22
	£	£
Wages and salaries	10,500	12,000
Social security costs	237	436
Employer contributions to pension plans	101	173
		
	10,838	12,609
		

The average head count of employees during the Period was 1 (2022: 1). The average number of full-time equivalent employees during the Period is analysed as follows:

	29 Sep 23	30 Sep 22
	No.	No.
Number of staff - administration	1	1
		

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

18. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity were received by the trustees. The charity has not met individual expenses incurred by Trustees for services provided to the charity, either by reimbursement to the Trustees or by providing the Trustees with an allowance.

19. Tangible fixed assets

Tangible fixed assets
	Fixtures and
	fittings
	£
Cost
At 1 Oct 2022 and 29 Sep 2023	13,857
	
Depreciation
At 1 Oct 2022	12,855
Charge for the period	418
	
At 29 Sep 2023	13,273
	
Carrying amount
At 29 Sep 2023	584
	
At 30 Sep 2022	1,002
	

18

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

19. Tangible fixed assets (continued)

In addition to the fixed assets detailed within the fixed asset note the charity owns Heritage Assets donated to the charity many years ago. The assets relate to several cups, paintings and other memorabilia in respect of the Hackney Horse which for many years was on display in a small museum. These items are currently in secure storage. The company's policy in respect of these assets is explained within the accounting policies of the organisation.

20. Investments

	Listed
	investments
	£
Cost or valuation
At 1 Oct 2022	164,156
Additions	–
Fair value movements	11,480
Transfers	(232)
	
At 29 Sep 2023	175,404
	
Impairment
At 1 Oct 2022 and 29 Sep 2023
Carrying amount
At 29 Sep 2023	175,404
	
At 30 Sep 2022	164,156 

All investments shown above are held at valuation.

Listed investments

The aggregate market value of listed investments is £175,404 (2022: £164,156) and the stock exchange value is £175,404 (2022: £164,156).

Financial assets held at fair value

All fixed asset investments are Listed Investments held in the UK and the fair value is obtained from readily available stock market valuations at the year end date.

The historical cost of the fixed asset investments as at 29th September 2023 was £87,894 (2022: £91,200).

21. Stocks

29 Sep 23 30 Sep 22 £ £ Raw materials and consumables 2,323 3,080  

19

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

22. Debtors

Debtors
	29 Sep 23	30 Sep 22
	£	£
Prepayments and accrued income	652	1,109
Other debtors	2,192	172
		
	2,844	1,281
		
Creditors: amounts falling due within one year
	29 Sep 23	30 Sep 22
	£	£
Accruals and deferred income	4,400	2,034
Social security and other taxes	–	176
Other creditors	34,754	52,163
		
	39,154	54,373
		

23. Creditors: amounts falling due within one year

At each year end the charity is required to estimate the number of foals born not yet registered in order to establish the Society's obligation to pay grants on registration. Following a review of the timing of the registration of foals it was felt necessary to increase this creditor as at 30th September 2020. This increase in the provision has continued in the last three years on the basis that there is a considerable time delay between the birth of foals and their ultimate registration.

The creditor on 29th September 2023 was £15,564 (2022: £17,657).

24. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £101 (2022: £173).

20

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

25. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
					Gains and	At
	At	1 Oct 2022	Income	Expenditure	losses	29 Sep 2023
		£	£	£	£	£
General funds		188,986	45,861	(44,575)	11,480	201,752
						
					Gains and	At
	At	1 Oct 2021	Income	Expenditure	losses	30 Sep 2022
		£	£	£	£	£
General funds		206,846	45,584	(51,730)	(11,714)	188,986
						
Restricted funds
					Gains and	At
	At	1 Oct 2022	Income	Expenditure	losses	29 Sep 2023
		£	£	£	£	£
Grants and Sponsorship		–	40,783	(40,783)	–	–
						
					Gains and	At
	At	1 Oct 2021	Income	Expenditure	losses	30 Sep 2022
		£	£	£	£	£
Grants and Sponsorship		– 	30,112 	(30,112) 	– 	– 

21

The Hackney Horse Society Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Period from 1 October 2022 to 29 September 2023

26. Analysis of net assets between funds

Analysis of net assets between funds
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	584	–	584
Investments	175,404	–	175,404
Current assets	58,776	6,142	64,918
Creditors less than 1 year	(33,012)	(6,142)	(39,154)
			
Net assets	201,752	–	201,752
			
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Tangible fixed assets	1,002	–	1,002
Investments	164,156	–	164,156
Current assets	63,029	15,172	78,201
Creditors less than 1 year	(39,201)	(15,172)	(54,373)
			
Net assets	188,986	–	188,986
			

27. Financial instruments

The charity had no long-term debt or derivative instruments.

28. Related parties

There are no related party transactions requiring disclosure.

22