```
REGISTERED COMPANY NUMBER: 01534625 (England and Wales)
REGISTERED CHARITY NUMBER: 281648
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements for the Year Ended 30 June 2022
```
```
for
```
## **`The Avon Centre Limited`**
```
Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
```
```
The Avon Centre Limited
```
|**`Contents of the Financial Statements`**||||
|---|---|---|---|
|**`for the Year Ended 30 June 2022`**||||
|||**`Page`**||
|**`Report of the Trustees`**|`1`|`to`|`4`|
|**`Independent Examiner's Report`**||`5`||
|**`Statement of Financial Activities`**||`6`||
|**`Balance Sheet`**|`7`|`to`|`8`|
|**`Notes to the Financial Statements`**|`9`|`to`|`18`|
```
The Avon Centre Limited (Registered number: 01534625)
```
```
for the Year Ended 30 June 2022
```
## **`Report of the Trustees`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsofthecharityfortheyearended30June2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`CHANGE OF NAME`**
```
The charity changed its Name from "Avon Riding Centre for the Disabled" to "The Avon Centre" on 28th June 2021.
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The charitableobjectsforwhichThe AvonCentreis establishedare for"Toadvancethe education,health,wellbeingand rehabilitation
ofthegeneralpublic,inparticularpeoplewithphysical,mentalandemotionaldisabilitiesthroughtheprovisionofhorserelated and
nature programmes for the community of bristol and the surrounding area."
```
## **`Significant activities`**
```
TheCharityprovidesequinebasedtherapeuticandsportactivitiesforpeoplewithanyformofdisabilityinoneoftheUK's largest
purposebuildequestriancentres.ThecentreislocatedinNorthBristolsurroundedbycirca100acresoffieldsandwoodland,in a
setting that aims to promote individual development, skills and confidence in a safe, friendly and attractive environment.
```
## **`Public benefit`**
```
The trustees have due regard to the Charity Commission's guidance on public benefit when developing activities.
```
```
Thetrusteesbelievethatthecentre,itsfacilitiesandtheestateuponwhichitoperatesaremaintainedinawaythatencourages and
assistsindividualsinafunctionalandengagingsetting,withhorsesthatarecarefullychosenandtrainedtosupporttheneedsof the
charity's beneficiaries.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Activities and Performance`**
```
The financialyear ended 30th June 2022 was another difficultyear for the Charity.Whilst Covid lockdownsand restrictionswere ending,
the financialand operationaleffectsof the pandemicwere considerable.Staffinglevels had been reduced to a minimumand the equine
herd, by necessity, had to be depleted. The consequence was reduced capacity to benefit service users and generate income.
```
```
TheCharityhasfurtherprogresseditsnon-riddenactivities,whichhasevengreaterpotentialtoexpand.Thisdiversification relieves
pressure on the ridden herd and facilitates therapeutic benefits to a wider community.
```
```
Thenatureandpurposeofsessionscanvarydependingonindividualcircumstances;fromencouragingsomeonewithAutism and
sensoryissuesto touchand brush a pony,throughto using the poniesreactionsto help someonewithextremeanxietyto monitor and
controltheirlevelsofanxietyandemotionalresponses."Walkandtalk"activitiesarealsoavailableinthewoodlandwith experienced
staff. Touching and brushing ponies etc can also help the elderly and those suffering from dementia.
```
## **`Partnerships`**
```
The Charityis continuingto developstrategicpartnershipswith third partiesto providean even more diverseequine related and nature
basedofferingtothelocalcommunityinlinewiththevisionfortheCentre.Thisalreadyincludeshostingschoolsandother charities
(such as those supporting neurodiversity groups) for activities on-site.
```
```
Sustainedeffortstowelcomemorecharitiesandorganisationson-sitearenowstartingtocometofruition(beyondtheyearto June
2022),forexamplewithdisability/employmentsupportandassistancedogcharities.Leadingequineorganisations,withwhom the
Charity is affiliated, hold regional training sessions at the Centre.
```
```
A new Forest Schoolarea has been prepared,and this also allowsfor a varietyof other activitiessuch as teachingsessionsand wellbeing
groups, in a natural, therapeutic environment.
```
```
Page 1
```
```
The Avon Centre Limited (Registered number: 01534625)
```
```
for the Year Ended 30 June 2022
```
## **`Report of the Trustees`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Fundraising`**
```
In October2021 the charitytookon a contractorfundraiserwhichhas seen some successfulresultspost year end with restricted funds.
This arrangement continues, which along with in-house and volunteer fundraising, supports the charity financially.
```
```
The charityalso undertooka crowdfundingcampaignwhichraised approximately£80,000of unrestrictedincomefor the Charity. These
funds have provided financial stability for the Charity to carefully plan and invest in its core operations.
```
```
AnotherkeyincomestreamfortheCharityisitstradingsubsidiary,BristolHorseRiding(BHR),whichprovidesequinerelated services
includingriding lessons,workingliveryand schooling.This activitywas also significantlyimpactedby Covidand the lockdowns, although
someridingwasabletoresumebetweenlockdowns.Post-Covid,BHR'sactivitylevelhasincreased,whichbenefitsthecharity both
financially and in operational terms.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Atthebalancesheetdate,thecharityheld£578,829(2021-£582,587)tangiblefixedassets,mainlyrelatingtothelandand buildings
(£407,401)andhorses(£16,722).Theremainingtangiblefixedassetsincludetheequipmentnecessarytorun thecharity,maintain the
property and provide lessons.
```
```
The charity held cash of £135,233 (2021 - £60,280) with net current assets of £119,961 (2021 - £53,611)
```
## **`Reserves policy`**
```
The Charityhas a policyto retain reservesto the level requiredto providesufficientfunds to coverthe operatingcostsof the centre for
a periodofatleastsixmonths.Thetrusteesarecontinuallymonitoringthepositionandwaysofdevelopingadditionalincome streams
to rebuild its reserves position.
```
```
Thetotalvalueofreservesatthebalancesheetdateis£568,177(2021-£550,544).Ofthistotal,£39,165(2021-£nil)isheld as
restricted funds.
```
## **`FUTURE PLANS`**
```
Thecharityis followinga carefullyconsideredplan,to ensurefinancialsustainability,and to be ofmaximumbenefitto its userand the
wider community. This includes:
```
```
1. Addingto the equineriddenherd so that riddenRDA lessonscan be increasedand offeredto moreriders.Expandingthe rider group
is a gradual process, as horses and lessons must be carefully matched to a rider's needs.
```
```
2.Addingtotheequinenon-riddenherd,toincreaseactivitiesthatdonotinvolveriding,benefittingidentifiedgroupswho would
benefit, including school and charity groups as well as individuals.
```
```
3. Graduallydevelopinga range of activitieson-site that support our target groups as well as the wider community.This could be further
riddenornon-riddenactivities,horsesimulatorsessions,facilityhire,competitions,forestschoolorseasonalevents.These work
symbiotically with our activities in points 1 and 2, and the Centre relies on these to be sustainable.
```
```
4.Developingtheuseofoursiteforthebestuseofthoseinneed,andthecommunity.Thisisalong-termplan,butthisis already
progressing,withpartnergroupsand charitieshavinggreaterinvolvement.Longertermplansaim to utilisethe site to its full potential.
This requires thorough planning, as each group has specific needs, that must work well together.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The Avon Centre is a companylimitedby guaranteeas definedby the CompaniesAct 2006,incorporatedon 12 December1980 and is a
registeredcharity(no.281648).ThecompanywasestablishedunderaMemorandumofAssociationandisgovernedbyitsarticles of
Association as amended on 15 November 1982, 25 July 2005 and 08 June 2022.
```
## **`Membership`**
```
The charityis a member group of the Riding for the DisabledAssociation(RDA),which is a UK based charityfocussedon providing horse
ridingandcarriagedrivinglessonstopeoplewithbothdevelopmentalandphysicaldisabilities.TheRDAhasabout500 independent
groups and serves over 26,500 adults and children each year.
```
```
Page 2
```
```
The Avon Centre Limited (Registered number: 01534625)
```
```
for the Year Ended 30 June 2022
```
## **`Report of the Trustees`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Appointment of new trustees`**
```
Thetrustees,whoaredirectorsforthepurposesofcompanylawandtrusteesforthepurposesofcharitylaw,whoservedduring the
year and up to the date of this report are set out on page 1.
```
```
TheBoardrecruitstrusteesas andwhena clearneedhasbeenidentified.Potentialtrusteesareidentifiedandinterviewedby trustees
andotherselectedpersonsasappropriatetoassessthesuitabilitytoassistintheeffectiveguidanceandmanagementofthe charity.
Whenconsideringtheappointmentofanynewtrustee,theBoardconsiderstheexperienceandcontributionwhichtheindividual may
bring to benefit the charity.
```
## **`Organisation`**
```
Thetrusteeboardcomprises3independenttrusteeswhomeetonaregularbasis.ACentreManagerisappointedbythetrustees to
manage the day-to-day operations of the charity. The Centre Manager also attends trustees meetings as appropriate.
```
```
SincetheUKgovernmentimposedlockdowninMarch2020haseased,bothyardandofficestaffhasincreasedandactivities have
diversified.Duringtheyear,theremainingteamhavecontinuedtobesupportedbydedicatedvolunteersandthetrusteeswill review
the organisation structure to ensure that it has sufficient staff to support its existing and future operations.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
01534625 (England and Wales)
```
## **`Registered Charity number`**
```
281648
```
## **`Registered office`**
```
The Avon Centre
Kings Weston Road
Henbury
Bristol
City of Bristol
BS10 7QT
```
## **`Trustees`**
```
V Long (resigned 26.4.22)
D Lombardi (resigned 25.1.22)
H Bryant (resigned 19.10.22)
T Plummer (resigned 7.9.22)
K E Leahy (resigned 28.3.23)
N J Walker (resigned 22.9.21)
J Allan-Jones (resigned 1.8.22)
D K Wright Director (appointed 22.9.21) (resigned 19.10.22)
L West (appointed 7.2.22) (resigned 7.10.22)
C A Evans (appointed 19.10.22)
S Vincent (appointed 19.10.22)
A C H White (appointed 1.8.22)
```
## **`Independent Examiner`**
```
Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
```
```
Approved by order of the board of trustees on 31 March 2023 and signed on its behalf by:
```
```
Page 3
```
```
The Avon Centre Limited (Registered number: 01534625)
```
## **`Report of the Trustees`**
```
for the Year Ended 30 June 2022
```
```
A C H White - Trustee
```
```
Page 4
```
```
Independent Examiner's Report to the Trustees of
The Avon Centre Limited
```
## **`Independent examiner's report to the trustees of The Avon Centre Limited ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Havingsatisfiedmyselfthat the accountsof the Companyare not requiredto be auditedunder Part16 of the 2006 Act and are eligible
forindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedoutunderSection145of the
CharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharity Commission
under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.IcanconfirmthatI am
qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
```
```
I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththe examinationgiving me
cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
I havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe drawn in
this report in order to enable a proper understanding of the accounts to be reached.
```
```
Lisa White
FCCA
Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
```
```
Date: .............................................
```
```
Page 5
```
```
The Avon Centre Limited
```
## **`Statement of Financial Activities`**
## **`for the Year Ended 30 June 2022`**
|`Unrestricted`
`Restricted`
`funds`
`funds`
`Notes`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`225,075`
`40,602`
**`Charitable activities`**
`The operation of the Avon Riding Centre for the`
`Disabled`
`60,661`
`6,000`
`Other trading activities`
`3`
`32,785`
`6,345`
`Investment income`
`4`
`16`
`-`
**`Total`**
`318,537`
`52,947`
**`EXPENDITURE ON`**
`Raising funds`
`1,621`
`-`
**`Charitable activities`**
`The operation of the Avon Riding Centre for the`
`Disabled`
`281,013`
`13,782`
**`Total`**
`282,634`
`13,782`
**`NET INCOME/(EXPENDITURE)`**
`35,903`
`39,165`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`550,544`
`-`
**`TOTAL FUNDS CARRIED FORWARD`**
`586,447`
`39,165`|`30.6.22`
`30.6.21`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`265,677`
`160,421`
`66,661`
`20,677`
`39,130`
`44,926`
`16`
`36`
`371,484`
`226,060`
`1,621`
`1,133`
`294,795`
`242,660`
`296,416`
`243,793`
`75,068`
`(17,733)`
`550,544`
`568,177`
`625,612`
`550,444`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 6
```
```
The Avon Centre Limited (Registered number: 01534625)
```
## **`Balance Sheet`**
```
30 June 2022
```
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`9`
`Investments`
`10`
**`CURRENT ASSETS`**
`Debtors`
`11`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`12`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`13`
**`NET ASSETS`**
**`FUNDS`**
`17`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`30.6.22`
`£`
`578,829`
`100`
`578,929`
`28,682`
`135,233`
`163,915`
`(43,954)`
`119,961`
`698,890`
`(73,278)`
`625,612`
`586,447`
`39,165`
`625,612`|`30.6.21`
`£`
`582,857`
`100`|
|---|---|---|
|||`582,957`
`28,979`
`60,280`|
|||`89,259`
`(35,648)`|
|||`53,611`|
|||`636,568`
`(86,124)`|
|||`550,444`|
|||`550,444`
`-`|
|||`550,444`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 June 2022.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30June2022 in
accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 7
```
```
The Avon Centre Limited (Registered number: 01534625)
```
## **`Balance Sheet - continued`**
## **`30 June 2022`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon31March2023andweresignedon its
behalf by:
```
```
A C H White - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements
```
```
for the Year Ended 30 June 2022
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein the UK and Republicof Ireland'and the CompaniesAct 2006.The financialstatementshave been prepared under
the historical cost convention, with the exception of investments which are included at market value.
```
## **`Preparation of consolidated financial statements`**
```
ThefinancialstatementscontaininformationaboutTheAvonCentreLimitedasanindividualcompanyanddonot contain
consolidatedfinancialinformationas the parentof a group.The charityis exemptunder Section399(2A)of the Companies Act
2006 from the requirements to prepare consolidated financial statements.
```
## **`Income`**
```
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave 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.
```
|`Freehold property (land only)`|`- not provided`|
|---|---|
|`Improvements to property`|`- at various rates on cost`|
|`Plant and machinery`|`- 15% on cost`|
|`Horses`|`- 20% on cost`|
|`Motor vehicles`|`- 20% on cost`|
```
Items under £500 are not capitalised.
```
## **`Fixed asset investments`**
```
Fixed asset investments are measured at historic cost after provision for impairment.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise 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.
```
## **`Hire purchase and leasing commitments`**
```
Rentalspaid underoperatingleasesare chargedto the Statementof FinancialActivitieson a straightline basisoverthe period
of the lease.
```
```
continued...
```
```
Page 9
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 30 June 2022
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharitable company's
pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
```
## **`2. DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
|`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`General donations`
`202,689`
`40,602`
`Grants`
`16,336`
`-`
`Horse sponsorship`
`6,050`
`-`
`225,075`
`40,602`|`30.6.22`
`Total`
`funds`
`£`
`243,291`
`16,336`
`6,050`
`265,677`|`30.6.21`
`Total`
`funds`
`£`
`69,616`
`84,805`
`6,000`|
|||`160,421`|
```
The comparative totals include £148,652 unrestricted and £nil restricted income.
```
```
Grants received, included in the above, are as follows:
```
||`30.6.22`|`30.6.21`|
|---|---|---|
||`£`|`£`|
|`Rural Payments Agency`|`3,906`|`-`|
|`Riding for the Disabled Association (RDA)`|`12,430`|`6,000`|
|`Coronavirus Job Retention Scheme`|`-`|`49,700`|
|`Voscur - Supporting Voluntary Action`|`-`|`10,000`|
|`Bristol City Council covid support`|`-`|`17,605`|
|`British Horse Society`|`-`|`1,500`|
||`16,336`|`84,805`|
## **`3.`**
## **`OTHER TRADING ACTIVITIES`**
|**`OTHER TRADING ACTIVITIES`**|||||
|---|---|---|---|---|
||||`30.6.22`|`30.6.21`|
||`Unrestricted`|`Restricted`|`Total`|`Total`|
||`funds`|`funds`|`funds`|`funds`|
||`£`|`£`|`£`|`£`|
|`Arena hire and associated facilities - Bristol Horse`|||||
|`Riding Limited`|`6,104`|`-`|`6,104`|`28,225`|
|`Arena and facilities hire - General`|`18,258`|`-`|`18,258`|`8,139`|
|`Sale of goods`|`-`|`-`|`-`|`1,253`|
|`Cafe Turnover`|`3,477`|`-`|`3,477`|`528`|
|`Show income, etc.`|`-`|`6,345`|`6,345`|`4,781`|
|`Events and other rides`|`4,946`|`-`|`4,946`|`2,000`|
||`32,785`|`6,345`|`39,130`|`44,926`|
```
The comparative totals include £119,389 unrestricted and £nil restricted income.
```
```
AchargeismadetoBristolHorseRidingLimited,awhollyownedsubsidiary,fortheuseofthecentre'sfacilitiesin the
subsidiary's provision of riding instruction.
```
```
continued...
```
```
Page 10
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`4. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||||
|---|---|---|---|---|
||||`30.6.22`|`30.6.21`|
||`Unrestricted`|`Restricted`|`Total`|`Total`|
||`funds`|`funds`|`funds`|`funds`|
||`£`|`£`|`£`|`£`|
|`Deposit account interest`|`16`|`-`|`16`|`36`|
```
The comparative totals include £11 unrestricted and £nil restricted income.
```
## **`5. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||`30.6.22`|`30.6.21`|
|---|---|---|
||`£`|`£`|
|`Examiners' remuneration`|`14,513`|`2,000`|
|`Depreciation - owned assets`|`14,375`|`16,129`|
|`Hire of plant and machinery`|`-`|`1,367`|
|`Other operating leases`|`5,000`|`3,875`|
|`(Deficit)/surplus on disposal of fixed assets`|`2,162`|`(2,840)`|
## **`6. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
```
## **`7. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||`30.6.22`|`30.6.21`|
|---|---|---|
|`Administrative staff and management`|`3`|`3`|
|`Stable staff`|`4`|`4`|
|`Caretaker`|`1`|`1`|
||`8`|`8`|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 11
```
```
The Avon Centre Limited
```
## **`Notes to the Financial Statements - continued`**
```
for the Year Ended 30 June 2022
```
## **`8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`160,421`
`-`
**`Charitable activities`**
`The operation of the Avon Riding Centre for the`
`Disabled`
`20,677`
`-`
`Other trading activities`
`44,926`
`-`
`Investment income`
`36`
`-`
**`Total`**
`226,060`
`-`
**`EXPENDITURE ON`**
`Raising funds`
`1,133`
`-`
**`Charitable activities`**
`The operation of the Avon Riding Centre for the`
`Disabled`
`242,660`
`-`
**`Total`**
`243,793`
`-`
**`NET INCOME/(EXPENDITURE)`**
`(17,733)`
`-`
**`Transfers between funds`**
`8,678`
`(8,678)`
**`Net movement in funds`**
`(9,055)`
`(8,678)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`559,499`
`8,678`
**`TOTAL FUNDS CARRIED FORWARD`**
`550,444`
`-`|`Total`
`funds`
`£`
`160,421`
`20,677`
`44,926`
`36`
`226,060`
`1,133`
`242,660`
`243,793`
`(17,733)`
`-`
`(17,733)`
`568,177`
`550,444`|
|---|---|
```
continued...
```
```
Page 12
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`9. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 July 2021`
`Additions`
`Disposals`
`At 30 June 2022`
**`DEPRECIATION`**
`At 1 July 2021`
`Charge for year`
`Eliminated on disposal`
`At 30 June 2022`
**`NET BOOK VALUE`**
`At 30 June 2022`
`At 30 June 2021`
**`COST`**
`At 1 July 2021`
`Additions`
`Disposals`
`At 30 June 2022`
**`DEPRECIATION`**
`At 1 July 2021`
`Charge for year`
`Eliminated on disposal`
`At 30 June 2022`
**`NET BOOK VALUE`**
`At 30 June 2022`
`At 30 June 2021`|`Improvements`
`Freehold`
`to`
`Plant and`
`property`
`property`
`machinery`
`£`
`£`
`£`
`407,401`
`293,697`
`87,054`
`-`
`-`
`189`
`-`
`-`
`-`
`407,401`
`293,697`
`87,243`
`-`
`137,774`
`82,605`
`-`
`4,221`
`1,634`
`-`
`-`
`-`
`-`
`141,995`
`84,239`
`407,401`
`151,702`
`3,004`
`407,401`
`155,923`
`4,449`
`Motor`
`Horses`
`vehicles`
`Totals`
`£`
`£`
`£`
`58,197`
`6,650`
`852,999`
`11,850`
`-`
`12,039`
`(5,300)`
`-`
`(5,300)`
`64,747`
`6,650`
`859,738`
`43,113`
`6,650`
`270,142`
`8,520`
`-`
`14,375`
`(3,608)`
`-`
`(3,608)`
`48,025`
`6,650`
`280,909`
`16,722`
`-`
`578,829`
`15,084`
`-`
`582,857`|
|---|---|
```
Included in cost or valuation of land and buildings is freehold land of £407,401 (2021 - £407,401) which is not depreciated.
```
```
continued...
```
```
Page 13
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 30 June 2022
```
## **`10. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Shares in`|
||`group`|
||`undertakings`|
||`£`|
|**`COST LESS IMPAIRMENT`**||
|`At 1 July 2021 and 30 June 2022`|`100`|
|**`NET BOOK VALUE`**||
|`At 30 June 2022`|`100`|
|`At 30 June 2021`|`100`|
```
There were no investment assets outside the UK.
```
```
The company's investments at the balance sheet date in the share capital of companies include the following:
```
## **`Bristol Horse Riding Limited`**
```
Registered office: Avon Riding Centre, Kings Weston Road, Henbury, Bristol, BS10 7QT
Nature of business: Able-bodied riding instruction
```
## **`11.`**
## **`12.`**
|`Nature of business: Able-bodied riding instruction`||||
|---|---|---|---|
||`%`|||
|`Class of share:`|`holding`|||
|`Ordinary`|`100`|||
|||`30.6.22`|`30.6.21`|
|||`£`|`£`|
|`Aggregate capital and reserves`||`100`|`100`|
|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
|||`30.6.22`|`30.6.21`|
|||`£`|`£`|
|`Trade debtors`||`9,397`|`2,758`|
|`Amounts owed by group undertakings`||`15,570`|`22,485`|
|`Prepayments`||`3,715`|`3,736`|
|||`28,682`|`28,979`|
|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
|||`30.6.22`|`30.6.21`|
|||`£`|`£`|
|`Bank loans and overdrafts (see note 14)`||`15,462`|`14,881`|
|`Trade creditors`||`4,276`|`8,788`|
|`Social security and other taxes`||`3,368`|`617`|
|`Other creditors`||`795`|`947`|
|`Accruals and deferred income`||`9,976`|`6,210`|
|`Accrued expenses`||`10,077`|`4,205`|
|||`43,954`|`35,648`|
```
continued...
```
```
Page 14
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 30 June 2022
```
|**`13.`**|**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**|||
|---|---|---|---|
|||`30.6.22`|`30.6.21`|
|||`£`|`£`|
||`Bank loans (see note 14)`|`73,278`|`86,124`|
|**`14.`**|**`LOANS`**|||
||`An analysis of the maturity of loans is given below:`|||
|||`30.6.22`|`30.6.21`|
|||`£`|`£`|
||`Amounts falling due within one year on demand:`|||
||`Bank loans`|`15,462`|`14,881`|
||`Amounts falling between one and two years:`|||
||`Bank loans - 1-2 years`|`13,571`|`12,962`|
||`Amounts falling due between two and five years:`|||
||`Bank loans - 2-5 years`|`59,707`|`42,657`|
||`Amounts falling due in more than five years:`|||
||`Repayable by instalments:`|||
||`Bank loans more 5 yr by instal`|`-`|`30,505`|
|**`15.`**|**`SECURED DEBTS`**|||
||`The following secured debts are included within creditors:`|||
|||`30.6.22`|`30.6.21`|
|||`£`|`£`|
||`Bank loans`|`88,740`|`101,005`|
```
The bank loans showingabove are secured by both a first legal charge over the freeholdland and a first debenture comprising a
fixed and floating charge over all assets and undertakings of the charity and bear interest at 4.5% above the base rate.
```
## **`16. ANALYSIS OF NET ASSETS BETWEEN FUNDS`**
|`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Fixed assets`
`578,829`
`-`
`Investments`
`100`
`-`
`Current assets`
`124,750`
`39,165`
`Current liabilities`
`(43,954)`
`-`
`Long term liabilities`
`(73,278)`
`-`
`586,447`
`39,165`|`30.6.22`
`Total`
`funds`
`£`
`578,829`
`100`
`163,915`
`(43,954)`
`(73,278)`
`625,612`|`30.6.21`
`Total`
`funds`
`£`
`582,857`
`100`
`89,259`
`(35,648)`
`(86,124)`|
|---|---|---|
|||`550,444`|
```
continued...
```
```
Page 15
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`17. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
`Designated fund`
**`Restricted funds`**
`Fund for the purchase of Horses and Ponies`
`RDA National equipment`
`Beyond The Gait`
`Volunteer co-ordinator`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
`Designated fund`
**`Restricted funds`**
`Fund for the purchase of Horses and Ponies`
`RDA National equipment`
`Beyond The Gait`
`Volunteer co-ordinator`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.7.21`
`in funds`
`30.6.22`
`£`
`£`
`£`
`65,991`
`77,033`
`143,024`
`484,553`
`(41,130)`
`443,423`
`550,544`
`35,903`
`586,447`
`-`
`1,100`
`1,100`
`-`
`15,922`
`15,922`
`-`
`12,149`
`12,149`
`-`
`9,994`
`9,994`
`-`
`39,165`
`39,165`
`550,544`
`75,068`
`625,612`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`318,536`
`(241,503)`
`77,033`
`1`
`(41,131)`
`(41,130)`
`318,537`
`(282,634)`
`35,903`
`3,600`
`(2,500)`
`1,100`
`21,188`
`(5,266)`
`15,922`
`18,165`
`(6,016)`
`12,149`
`9,994`
`-`
`9,994`
`52,947`
`(13,782)`
`39,165`
`371,484`
`(296,416)`
`75,068`|
|---|---|
```
continued...
```
```
Page 16
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`17. MOVEMENT IN FUNDS - continued`**
```
Comparatives for movement in funds
```
|**`Unrestricted funds`**
`General fund`
`Designated fund`
**`Restricted funds`**
`Nativity costumes`
`Other restricted funds`
`Staff and horse training`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.7.20`
`in funds`
`£`
`£`
`69,278`
`219`
`490,221`
`(17,952)`
`559,499`
`(17,733)`
`1,000`
`-`
`530`
`-`
`7,148`
`-`
`8,678`
`-`
`568,177`
`(17,733)`|`Transfers`
`between`
`funds`
`£`
`(3,506)`
`12,184`
`8,678`
`(1,000)`
`(530)`
`(7,148)`
`(8,678)`
`-`|`At`
`30.6.21`
`£`
`65,991`
`484,453`|
|---|---|---|---|
||||`550,444`
`-`
`-`
`-`|
||||`-`|
||||`550,444`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Designated fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`226,059`
`(225,840)`
`219`
`1`
`(17,953)`
`(17,952)`
`226,060`
`(243,793)`
`(17,733)`
`226,060`
`(243,793)`
`(17,733)`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`226,059`
`(225,840)`
`219`
`1`
`(17,953)`
`(17,952)`
`226,060`
`(243,793)`
`(17,733)`
`226,060`
`(243,793)`
`(17,733)`|
|---|---|---|
|||`(17,733)`|
|||`(17,733)`|
```
Restricted funds relate to monies given for specific purposes, which can be identified by the above descriptions.
```
```
Once a fixed asset has been purchased,or the funds utilised (and assuming there is no restrictionupon the use of the asset), the
funds are transferred to the appropriate fund.
```
```
Designatedfundsareunrestrictedandrelatetothetotalfixedassetsat thecurrentnetbookvalueandtheremaining balance
of the land loan. Repayments to the loan, and purchases of assets are transferred against this balance.
```
```
The prior year fund categories have been aggregated inline with the restriction rather than the donor.
```
```
The trustees have recognisedthat a number of restrictedfunds should have been consumedthrough standard expenditure over
recent periods, and as such have transferred the funds against the unrestricted fund where the expenditure was recognised..
```
```
continued...
```
```
Page 17
```
```
The Avon Centre Limited
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 30 June 2022
```
## **`18. RELATED PARTY DISCLOSURES`**
```
The charitablecompanyhas taken advantageof exemption,under the terms of FinancialReportingStandard102 'The Financial
ReportingStandardapplicablein the UK and RepublicofIreland',notto discloserelatedpartytransactionswithwholly owned
subsidiaries within the group.
```
```
There were no related party transactions for the year ended 30 June 2022.
```
```
Page 18
```