## **Horse Rescue Fund** ## **Chairman’s Report - December 2021** Writing my report this year, I almost feel that it needs to cover two years as our A.G.M. last year was, with the permission of the Charity Commission, cancelled due to the pandemic. No one then expected us to be almost in a similar position another year on, but again this dreadful virus is hitting us with yet another variant! We must be grateful that we now have vaccines that will hopefully slow down the spread and lessen the severity of the virus. On the yard our staff have continued to adhere to the guidelines and protocol put in place to prevent any spread of the virus. These measures have clearly worked so far as only one staff member has had the virus, caught from an outside source, and not passed on to anyone else on the yard. One improvement from last year is that we have been able to welcome prospective loaners back onto the yard to visit those horses who our staff have been working hard to rehabilitate and prepare for new homes. Obviously great care is still being taken with social distancing and sanitising, but the new normal seems to be working, and has alleviated the frustration our staff were feeling when we had horses ready for homes but couldn’t follow through the re-homing process and so allow space for the intake of new horses. Since things have improved so much, we have been able to send a number of our horses out to new homes and also taken in two new groups of horses which were part of a large number made homeless by the closure of another rescue centre. We have been working in partnership with our fellow National Equine Welfare Council (NEWC) members local to us in recent times. This benefits all of us involved as, by communicating with each other, one organisation can follow up on a welfare complaint which has often been made not just to us but perhaps, to Redwings, WHW and the RSPCA too, thus saving the waste of resources to the other organisations. Horse Rescue Fund is proud to be a founder member of NEWC which has come such a long way since it was started in 1977 by the Walbancke Family and a few like-minded smaller rescue charities, all run by similar dedicated individuals, with a passion for equine welfare. NEWC is now a force to be reconned with and is listened to by DEFRA and other Government bodies. On the yard, our stables are looking splendid with their new roof on thanks to the grant we received from the Elise Pilkington Trust for this purpose, and our field shelters have also had their roofs replaced during the summer, so all our horses can be snug and dry, which is timely as we have already suffered two major storms this winter. However, all this rain does mean we have mud, mud and more mud which makes it hard work for the staff trying to maintain clean paddocks. Sadly, our horse lorry needed major repairs to its body this summer, with one whole side being replaced and re painted, however, it looks very smart now, as long as you only look at one side! Hopefully we will be able to get the rest of it resprayed to match at some future time. In 2020 we were hoping to organise some celebrations to mark the 20[th] anniversary of our move to Woodstock Farm, but of course the pandemic quashed any plans, and has now scuppered any hopes of celebrating a 21[st] anniversary. It also put paid to many of our fundraising activities for the first half of the year, with events like the Royal Norfolk Show cancelled again. However, we did produce a celebration calendar and Christmas cards at the end of 2020 which were fairly well received. Yard manager Kate organised a Christmas Cracker sponsored event through our Facebook group, which was great fun as people just had to get themselves sponsored to walk, skip, ride or whatever, the only stipulation being that they must do it in Christmas fancy dress and send in photos. This raised almost £900, and Kate is already organising it again this year. Our Winter Appeal which went out with the Autumn Newsletter was very well supported, and we would like to thank everyone who sent in a donation as it really does help with the cost of extra winter hay, feed and bedding. In the May one of our local riding clubs kindly offered to share their Spring event with us and this brought in over £450. Trustee Sadie arranged a Pleasure Ride in July by kind permission of the Sotterley Estate. This proved very popular and very much enjoyed by all who took part on a lovely sunny summer’s day, and it also raised almost £900. A week later we held our Annual (but not in 2020) Open Charity Horse Show. Slightly scaled down and organised in much less time than usual, because we were still undecided as to whether it could go ahead, it was a lovely day until the skies opened just as the last classes and the Supreme Championship were under way! Most people seemed good hearted about their soaking though and our HRF Dougal who we entered from the yard was an absolute star winning several classes and a Championship which put him through to the Supreme Championship where he, his small jockey and mum Kate leading them got thoroughly drenched but came out smiling through their shivers. Dougal has since been rehomed on loan to them which is lovely. We are hoping that the show will make about £2200 once everything is finalised. On August bank holiday Sunday, we were able to take our fundraising and PR gazebo out for the first time in two years. We were invited to take a free pitch at the Sotterley Country Fair. It was lovely to be able to get out in the fresh air and meet people face to face again, while also helping to raise more funds for the Charity, even if rather more socially distanced than usual. We have also been raising funds from the sale of donated tack and rugs. Kate has been offering specific items for sale on our Facebook group, and a local equine business, has also been selling second-hand goods on our behalf. They are very supportive of us, even loaning us their lorry to take our ponies to our show when ours was out of action, and for this we are most grateful. On the financial front I am glad to say that, in spite of everything, things are looking up after the awful losses we suffered last year. Thankfully the Stock Market is recovering from the crash at the beginning of the pandemic, and our professionally managed portfolio has regained a great deal of the value that had been wiped from it. Dividends from this portfolio are a useful monthly income although they do vary considerably from month to month. Our other major source of income has, as always been from legacies, of which we have received several this year, and always tinged with sadness at the loss of a kind supporter. The growth of our income is a subject of great importance as the cost of everything continues to spiral upwards and will increase considerably in April when the National Living and Minimum Wage will take a much bigger jump than usual. This will also have a knock-on effect with the amount we have to pay in National Insurance and Pension contributions. Nobody grudges anyone a decent living wage, but it does put an extra strain on the resources of a small Charity like ours. We are always very grateful to everyone who has helped with any fundraising, and also all of you who send in kind donations during the year. Our lovely staff on the yard are really helpful and supportive of our efforts, and Kate our Yard Manager is very good with our social media, helping to raise the profile of the Charity, which is something we are always striving to do. So I will end my report with a big thank you to everyone who has helped and supported us through the year, both financially and practically. Thank you. **REGISTERED CHARITY NUMBER: 275428** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for ## The Horse Rescue Fund Helen Sida Chartered Accountants Bramble Cottage Middle Road Denton Harleston Norfolk IP20 0AJ The Horse Rescue Fund Contents of the Financial Statements for the Year Ended 31 March 2021 ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 9| |Detailed Statement of Financial Activities|10 to 11| The Horse Rescue Fund for the Year Ended 31 March 2021 ## Report of the Trustees The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 275428 ## **Principal address** Woodstock Farm Post Office Road Toft Monks Beccles Suffolk NR34 0EH ## **Trustees** Mrs J L Crook Mrs N Campling D Davies Mrs S Tattersall Mrs M Owen (appointed 25.10.21) ## **Independent Examiner** Helen Sida-Page FCA ICAEW Helen Sida Chartered Accountants Bramble Cottage Middle Road Denton Harleston Norfolk IP20 0AJ Page 1 The Horse Rescue Fund ## Report of the Trustees for the Year Ended 31 March 2021 Approved by order of the board of trustees on 29 November 2021 and signed on its behalf by: Mrs J L Crook - Trustee Page 2 Independent Examiner's Report to the Trustees of The Horse Rescue Fund ## **Independent examiner's report to the trustees of The Horse Rescue Fund** I report to the charity trustees on my examination of the accounts of The Horse Rescue Fund (the Trust) for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Helen Sida-Page FCA ICAEW Helen Sida Chartered Accountants Bramble Cottage Middle Road Denton Harleston Norfolk IP20 0AJ 29 November 2021 Page 3 The Horse Rescue Fund ## Statement of Financial Activities for the Year Ended 31 March 2021 |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**INCOME AND ENDOWMENTS**||| |**FROM**||| |Donations and legacies||**249,768**| |Other trading activities|2|**432**| |Investment income|3|**15,386**| |**Total**||**265,586**| |**EXPENDITURE ON**||| |Raising funds|4|**83,976**| |**Charitable activities**||| |General yard running costs||| |||**(5,649)**| |**Total**||**78,327**| |**NET INCOME**||**187,259**| |**RECONCILIATION OF FUNDS**||| |**Total funds brought forward**||**673,817**| |**TOTAL FUNDS CARRIED**||| |**FORWARD**||**861,076**| The notes form part of these financial statements Page 4 The Horse Rescue Fund |Balance Sheet
31 March 2021
Notes
**FIXED ASSETS**
Tangible assets
6
Investments
7
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**102,920**
**419,580**
**522,500**
**338,770**
**(194)**
**338,576**
**861,076**
**861,076**
**861,076**
**861,076**| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 29 November 2021 and were signed on its behalf by: J L Crook - Trustee The notes form part of these financial statements Page 5 The Horse Rescue Fund Notes to the Financial Statements for the Year Ended 31 March 2021 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 continued... The Horse Rescue Fund Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## **1. ACCOUNTING POLICIES - continued** ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. OTHER TRADING ACTIVITIES** |Fundraising events
**3.**
**INVESTMENT INCOME**
Other fixed asset invest - FII
Other fixed asset inv - UnFII
**4.**
**RAISING FUNDS**
**Investment management costs**
Portfolio management|**£**
**432**
**£**
**14,160**
**1,226**|**£**
**432**| |---|---|---| |||| ||**15,386**|| |||| ||**£**
**2,745**|| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021. continued... Page 7 The Horse Rescue Fund ## Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## **6. TANGIBLE FIXED ASSETS** |**COST**
At 1 April 2020 and 31 March 2021
**DEPRECIATION**
At 1 April 2020 and 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
Fixtures
and
fittings
£
**COST**
At 1 April 2020 and 31 March 2021
**18,664**
**DEPRECIATION**
At 1 April 2020 and 31 March 2021
**17,785**
**NET BOOK VALUE**
At 31 March 2021
**879**
**7.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 April 2020
Additions
At 31 March 2021
**PROVISIONS**
At 1 April 2020 and 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
There were no investment assets outside the UK.|Improvements
Freehold
to
property
property
£
£
**85,000**
**74,240**
**-**
**65,414**
**85,000**
**8,826**
Motor
Computer
vehicles
equipment
£
£
**34,140**
**1,188**
**33,176**
**1,188**
**964**
**-**|Plant and
machinery
£
**11,591**
**4,340**
**7,251**
Totals
£
**224,823**
**121,903**
**102,920**
Listed
investments
£
**415,326**
**44,501**
**459,827**
**40,247**
**419,580**| |---|---|---| continued... Page 8 The Horse Rescue Fund Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Other creditors|**£**
**(1)**
**195**
**194**| |---|---| |**9.**
**MOVEMENT IN FUNDS**
At 1.4.20
£
**Unrestricted funds**
General fund
**673,817**
**TOTAL FUNDS**
**673,817**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**265,586**
**TOTAL FUNDS**
**265,586**|Net
movement
in funds
£
**187,259**
**187,259**
Resources
expended
£
**(78,327)**
**(78,327)**|At
31.3.21
£
**861,076**
**861,076**
Movement
in funds
£
**187,259**
**187,259**| |---|---|---| ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2021. Page 9 The Horse Rescue Fund ## Detailed Statement of Financial Activities for the Year Ended 31 March 2021 £ |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
Gift aid
Legacies
Subscriptions
Adoption fees
Sale of HRF goods
JRS grants
**Other trading activities**
Fundraising events
**Investment income**
Other fixed asset invest - FII
Other fixed asset inv - UnFII
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages
Pensions
Hire of plant and machinery
Rates and water
Insurance
Light and heat
Telephone
Sundries|**1**
**37,087**
**25**
**210,500**
**460**
**650**
**700**
**345**| |---|---| ||**249,768**
**432**
**14,160**
**1,226**| ||**15,386**| ||**265,586**
**74,006**
**1,716**
**41**
**117**
**3,497**
**589**
**832**
**433**| ||**81,231**| This page does not form part of the statutory financial statements Page 10 The Horse Rescue Fund |Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
**Raising donations and legacies**
**Investment management costs**
Portfolio management
**Charitable activities**
Light and heat
Advertising
Staff training
Motor and travelling
Printing, stationery & adverts
Postage and telephone
Professional liability insure
Feed, hay & bedding
Veterinary and farrier
Repairs and renewals
Subscriptions and memberships
Rates and waste disposal
Accountancy
Pest control
**Support costs**
**Other**
Fall in portfolio valuation
Total resources expended
**Net income**|£
**2,745**
**270**
**473**
**40**
**3,193**
**1,281**
**697**
**2,068**
**8,960**
**8,076**
**10,545**
**175**
**1,763**
**732**
**69**
**38,342**
**(43,991)**
**78,327**
**187,259**| |---|---| This page does not form part of the statutory financial statements Page 11 **REGISTERED CHARITY NUMBER: 275428** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for ## The Horse Rescue Fund Helen Sida Chartered Accountants Bramble Cottage Middle Road Denton Harleston Norfolk IP20 0AJ The Horse Rescue Fund Contents of the Financial Statements for the Year Ended 31 March 2021 ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 9| |Detailed Statement of Financial Activities|10 to 11| The Horse Rescue Fund for the Year Ended 31 March 2021 ## Report of the Trustees The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 275428 ## **Principal address** Woodstock Farm Post Office Road Toft Monks Beccles Suffolk NR34 0EH ## **Trustees** Mrs J L Crook Mrs N Campling D Davies Mrs S Tattersall Mrs M Owen (appointed 25.10.21) ## **Independent Examiner** Helen Sida-Page FCA ICAEW Helen Sida Chartered Accountants Bramble Cottage Middle Road Denton Harleston Norfolk IP20 0AJ Page 1 The Horse Rescue Fund ## Report of the Trustees for the Year Ended 31 March 2021 Approved by order of the board of trustees on 29 November 2021 and signed on its behalf by: Mrs J L Crook - Trustee Page 2 Independent Examiner's Report to the Trustees of The Horse Rescue Fund ## **Independent examiner's report to the trustees of The Horse Rescue Fund** I report to the charity trustees on my examination of the accounts of The Horse Rescue Fund (the Trust) for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Helen Sida-Page FCA ICAEW Helen Sida Chartered Accountants Bramble Cottage Middle Road Denton Harleston Norfolk IP20 0AJ 29 November 2021 Page 3 The Horse Rescue Fund ## Statement of Financial Activities for the Year Ended 31 March 2021 |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**INCOME AND ENDOWMENTS**||| |**FROM**||| |Donations and legacies||**249,768**| |Other trading activities|2|**432**| |Investment income|3|**15,386**| |**Total**||**265,586**| |**EXPENDITURE ON**||| |Raising funds|4|**83,976**| |**Charitable activities**||| |General yard running costs||| |||**(5,649)**| |**Total**||**78,327**| |**NET INCOME**||**187,259**| |**RECONCILIATION OF FUNDS**||| |**Total funds brought forward**||**673,817**| |**TOTAL FUNDS CARRIED**||| |**FORWARD**||**861,076**| The notes form part of these financial statements Page 4 The Horse Rescue Fund |Balance Sheet
31 March 2021
Notes
**FIXED ASSETS**
Tangible assets
6
Investments
7
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**102,920**
**419,580**
**522,500**
**338,770**
**(194)**
**338,576**
**861,076**
**861,076**
**861,076**
**861,076**| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 29 November 2021 and were signed on its behalf by: J L Crook - Trustee The notes form part of these financial statements Page 5 The Horse Rescue Fund Notes to the Financial Statements for the Year Ended 31 March 2021 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 continued... The Horse Rescue Fund Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## **1. ACCOUNTING POLICIES - continued** ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. OTHER TRADING ACTIVITIES** |Fundraising events
**3.**
**INVESTMENT INCOME**
Other fixed asset invest - FII
Other fixed asset inv - UnFII
**4.**
**RAISING FUNDS**
**Investment management costs**
Portfolio management|**£**
**432**
**£**
**14,160**
**1,226**|**£**
**432**| |---|---|---| |||| ||**15,386**|| |||| ||**£**
**2,745**|| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021. continued... Page 7 The Horse Rescue Fund ## Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## **6. TANGIBLE FIXED ASSETS** |**COST**
At 1 April 2020 and 31 March 2021
**DEPRECIATION**
At 1 April 2020 and 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
Fixtures
and
fittings
£
**COST**
At 1 April 2020 and 31 March 2021
**18,664**
**DEPRECIATION**
At 1 April 2020 and 31 March 2021
**17,785**
**NET BOOK VALUE**
At 31 March 2021
**879**
**7.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 April 2020
Additions
At 31 March 2021
**PROVISIONS**
At 1 April 2020 and 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
There were no investment assets outside the UK.|Improvements
Freehold
to
property
property
£
£
**85,000**
**74,240**
**-**
**65,414**
**85,000**
**8,826**
Motor
Computer
vehicles
equipment
£
£
**34,140**
**1,188**
**33,176**
**1,188**
**964**
**-**|Plant and
machinery
£
**11,591**
**4,340**
**7,251**
Totals
£
**224,823**
**121,903**
**102,920**
Listed
investments
£
**415,326**
**44,501**
**459,827**
**40,247**
**419,580**| |---|---|---| continued... Page 8 The Horse Rescue Fund Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Other creditors|**£**
**(1)**
**195**
**194**| |---|---| |**9.**
**MOVEMENT IN FUNDS**
At 1.4.20
£
**Unrestricted funds**
General fund
**673,817**
**TOTAL FUNDS**
**673,817**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**265,586**
**TOTAL FUNDS**
**265,586**|Net
movement
in funds
£
**187,259**
**187,259**
Resources
expended
£
**(78,327)**
**(78,327)**|At
31.3.21
£
**861,076**
**861,076**
Movement
in funds
£
**187,259**
**187,259**| |---|---|---| ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2021. Page 9 The Horse Rescue Fund ## Detailed Statement of Financial Activities for the Year Ended 31 March 2021 £ |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
Gift aid
Legacies
Subscriptions
Adoption fees
Sale of HRF goods
JRS grants
**Other trading activities**
Fundraising events
**Investment income**
Other fixed asset invest - FII
Other fixed asset inv - UnFII
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages
Pensions
Hire of plant and machinery
Rates and water
Insurance
Light and heat
Telephone
Sundries|**1**
**37,087**
**25**
**210,500**
**460**
**650**
**700**
**345**| |---|---| ||**249,768**
**432**
**14,160**
**1,226**| ||**15,386**| ||**265,586**
**74,006**
**1,716**
**41**
**117**
**3,497**
**589**
**832**
**433**| ||**81,231**| This page does not form part of the statutory financial statements Page 10 The Horse Rescue Fund |Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
**Raising donations and legacies**
**Investment management costs**
Portfolio management
**Charitable activities**
Light and heat
Advertising
Staff training
Motor and travelling
Printing, stationery & adverts
Postage and telephone
Professional liability insure
Feed, hay & bedding
Veterinary and farrier
Repairs and renewals
Subscriptions and memberships
Rates and waste disposal
Accountancy
Pest control
**Support costs**
**Other**
Fall in portfolio valuation
Total resources expended
**Net income**|£
**2,745**
**270**
**473**
**40**
**3,193**
**1,281**
**697**
**2,068**
**8,960**
**8,076**
**10,545**
**175**
**1,763**
**732**
**69**
**38,342**
**(43,991)**
**78,327**
**187,259**| |---|---| This page does not form part of the statutory financial statements Page 11