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2023-06-30-accounts

The Avon Centre Limited

Charity No. 281648

Company No. 01534625

Trustees' Report and Unaudited Accounts

For Year Ending 30 June 2023

The Avon Centre Limited

CONTENTS

Pages
Trustees' Annual Report 2
Independent Examiners Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10
Detailed Statement of Financial Activities 18

The Avon Centre Limited

Report of the Trustees for the Year Ended 30 June 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accoun@ng and Repor@ng by Chari@es: Statement of Recommended Prac@ce applicable to chari@es preparing their accounts in accordance with the Financial Repor@ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec@ve 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

Objec&ves and aims

The charitable objects for which The Avon Centre is established are for "To advance the educa@on, health, wellbeing and rehabilita@on of the general public, in par@cular people with physical, mental and emo@onal disabili@es through the provision of horse related and nature programmes for the community of Bristol and the surrounding area."

The Charity provides equine based therapeu@c and sport ac@vi@es for people with any form of disability in one of the UK's largest purpose build equestrian centres. The centre is located in North Bristol surrounded by circa 100 acres of fields and woodland, in a seXng that aims to promote individual development, skills and confidence in a safe, friendly and aZrac@ve environment.

ac@vi@es.

The trustees believe that the centre, its facili@es and the estate upon which it operates are maintained in a way that encourages and assists individuals in a func@onal and engaging seXng, with horses that are carefully chosen and trained to support the needs of the charity's beneficiaries.

ACHIEVEMENT AND PERFORMANCE

Ac&vi&es and Performance

might have seemed a long @me ago, some financial and opera@onal effects of the pandemic remained. Staffing levels had been reduced to a minimum and the equine herd, by necessity, had to be depleted. The consequence was reduced capacity to benefit service users and generate income. Avon has made steady progressions to resolve this, with gradual increases in staff, as well as horse numbers.

The Charity has further progressed its non- ridden ac@vi@es, which has even greater poten@al to expand. This diversifica@on relieves pressure on the ridden herd and facilitates therapeu@c benefits to a wider community.

Page 2

The Avon Centre Limited

Report of the Trustees for the Year Ended 30 June 2023

ACHIEVEMENT AND PERFORMANCE (Con3nued)

The nature and purpose of sessions can vary depending on individual circumstances; from encouraging someone with Au9sm and sensory issues to touch and brush a pony, through to using the ponies’ reac9ons to help someone with extreme anxiety to monitor and control their levels of anxiety and emo9onal responses. "Walk and talk" ac9vi9es are also available in the woodland with experienced staff. Touching and brushing ponies etc can also help the elderly and those suffering from demen9a..

Partnerships

The Charity is con9nuing to develop strategic partnerships with third par9es to provide an even more diverse equine related and nature based offering to the local community in line with the vision for the Centre. This already includes hos9ng schools and other chari9es (such as those suppor9ng neurodiversity groups) for ac9vi9es on-site.

(beyond the year to June 2023), for example with disability/employment support and assistance dog chari9es. Leading equine organisa9ons, with whom the Charity is affiliated, hold regional training sessions at the Centre.

A new Forest School area has been prepared, and this also allows for a variety of other ac9vi9es such as teaching sessions and wellbeing groups, in a natural, therapeu9c environment.

Fundraising

During Covid, the charity undertook a crowdfunding campaign which raised approximately £80,000 of unrestricted income for the Charity. These funds have provided financial stability for the Charity to carefully plan and invest in its core opera9ons.

Another key income stream for the charity is its trading subsidiary, Bristol Horse Riding (BHR), which provides equine related services including riding lessons, and schooling. This ac9vity was also significantly impacted by Covid and the lockdowns, although some riding was able to resume between lockdowns. Post-Covid, BHR's ac9vity level has increased, which benefits the charity both financially and in opera9onal terms.

Towards the close of the year ending 30[th] June 2023, the trustees started to develop an improved fundraising strategy. Part of this u9lised the carefully-iden9fied abili9es of staff team numbers, trustees and volunteers, with the aim to add new third-party (freelance) fundraising capacity. AZer this period, this approach is coming to frui9on.

We are so fortunate to be supported by a wide range of individuals, business and other organisa9ons who donate, hold fundraising ac9vi9es or provide resources for Avon. They are part of our community, and an essen9al part of con9nuing the charity’s work.

Page 3

The Avon Centre Limited

Report of the Trustees for the Year Ended 30 June 2023

FINANCIAL REVIEW

Financial posi&on

to the land and buildings (£407,401) and horses (£26,206). The remaining tangible fixed assets include the equipment necessary to run the charity, maintain the property and provide lessons.

The charity held cash of £103,238 (2022 - £135,233) with net current assets of £93,772 (2022 - £119,961)

Reserves policy

opera@ng costs of the centre for a period of at least six months. The trustees are con@nually monitoring the posi@on and ways of developing addi@onal income streams to rebuild its reserves posi@on.

The total value of reserves at the balance sheet date is £639,838 (2022 - £625,612). Of this total, £6,959 (2022 - £39,165) is held as restricted funds.

FUTURE PLANS

benefit to its user and the wider community. This includes:

  1. riders. Expanding the rider group is a gradual process, as horses and lessons must be carefully matched to a rider's needs.

  2. iden@fied groups who would benefit, including school and charity groups as well as individuals.

  3. Gradually developing a range of ac@vi@es on-site that support our target groups as well as the wider community. This could be further ridden or non-ridden ac@vi@es, horse simulator sessions, facility hire, compe@@ons, forest school or seasonal events. These work symbio@cally with our ac@vi@es in points 1 and 2, and the Centre relies on these to be sustainable.

  4. Developing the use of our site for the best use of those in need, and the community. This is a long-term plan, but this is already progressing, with partner groups and chari@es having greater involvement. Longer term plans aim to u@lise the site to its full poten@al. This requires thorough planning, as each group has specific needs, that must work well together.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

12 December 1980 and is a registered charity (no. 281648). The company was established under a Memorandum of Associa@on and is governed by its ar@cles of Associa@on as amended on 15 November 1982, 25 July 2005 and 08 June 2022.

Page 4

The Avon Centre Limited

Report of the Trustees for the Year Ended 30 June 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT (Con3nued)

Membership

The charity is a member group of the Riding for the Disabled Associa9on (RDA), which is a UK based charity focussed on providing horse riding and carriage driving lessons to people with both developmental and physical disabili9es. The RDA has about 500 independent groups and serves over 26,500 adults and children each year.

Appointment of new trustees

The trustees, who are directors for the purposes of company law and trustees for the purposes of charity law, who served during the year and up to the date of this report are set out on page 1.

and interviewed by trustees and other selected persons as appropriate to assess the suitability to assist in the effec9ve guidance and management of the charity. When considering the appointment of any new trustee, the Board considers the experience and contribu9on which the individual may bring to benefit the charity.

Organisa5on

The trustee board comprises 3 independent trustees who meet on a regular basis.

have increased and ac9vi9es have diversified. During the year, the team have con9nued to be supported by dedicated volunteers and the trustees regularly review the organisa9on structure to ensure that it has sufficient staff to support its exis9ng and future opera9ons.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number - 01534625 (England and Wales) Registered Charity number - 281648

Trustees

C A Evans (appointed 19.10.22) S Vincent (appointed 19.10.22) A C H White (appointed 1.8.22)

This report is designed to meet the statutory repor9ng requirements for The Avon Centre. The charity is keen to communicate with those who take an interest in its work. Updates and further informa9on (as available) can be obtained by e-mailing info@theavoncentre.org.uk or visi9ng our website at www.theavoncentre.org.uk .

Independent Examiner Phillip Dolman ACA Dolmans Chartered Accountants The Mews, Hounds Road Chipping Sodbury BS37 6EE

Page 5

The Avon Centre Limited

Report of the Trustees for the Year Ended 30 June 2023

25th March 2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.............................................................................. A C H White - Trustee

Page 6

The Avon Centre Limited INDEPENDENT EXAMINERS REPORT

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 Compnay for the period ended 30 June 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act).

Having satisfied myself that the accounts of the charity 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

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 member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

• the accounts do not comply with the accounting requirements under 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

• the accounts have not been prepared in accordance with the Charities SORP (FRS 102).

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.

Phillip Dolman

ACA Dolmans Chartered Accountants The Mews Hounds Road Chipping Sodbury BS37 6EE

Date: 26th March 2024

Page 7

The Avon Centre Limited STATEMENT OF FINANCIAL ACTIVITIES

For Year Ending 30 June 2023

Notes
Incoming Resources
from:
Donations and legacies
3
Charitable activities
The Operation of the Avon Riding Centre for
the Disabled
Other trading activities
5
Investment Income
Total
Resources Expended
Raising funds
6
Charitable activities
7
Total
Net income before tax
Tax Payable
Net income
Transfer between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Funds
Funds
Funds
2023
2023
2023
£
£
£
72,718
17,927
90,645
95,260
-
95,260
224,014
-
224,014
127
-
127
392,119
17,927
410,046
5,304
-
5,304
347,233
43,283
390,516
352,537
43,283
395,820
39,582
(25,356)
14,226
-
-
-
39,582
(25,356)
14,226
6,850
(6,850)
-
46,432
(32,206)
14,226
586,447
39,165
625,612
632,879
6,959
639,838		 Restated
Total
Funds
2022
£
196,227
73,006
102,235
16
371,484
8,210
288,206
296,416
75,068
-
75,068
-
75,068
550,544
625,612

Page 8

The Avon Centre Limited BALANCE SHEET

at 30 June 2023

Company No. 01534625
Notes
Fixed assets
Tangible fixed assets
10
Investments
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: Amount falling due within one year
13
Net current assets
Total assets less current liabilities
Creditors: Amount falling due after one year
Total net assets
The funds of the charity
Restricted Income Funds
17
Unrestricted Funds
17
Total funds		 Unrestricted
Restricted
Total
Funds
Funds
Funds
2023
2023
2023
£
£
£
608,407
-
608,407
100
-
100
608,507
-
608,507
27,168
-
27,168
96,279
6,959
103,238
123,447
6,959
130,406
(36,634)
-
(36,634)
86,813
6,959
93,772
695,320
6,959
702,279
(62,441)
-
(62,441)
632,879
6,959
639,838
-
6,959
6,959
632,879
-
632,879
632,879
6,959
639,838		 Total
Funds
2022
£
578,829
100
578,929
28,682
135,233
163,915
(43,954)
119,961
698,890
(73,278)
625,612
39,165
586,447
625,612

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

25th March 2024 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

Trustee

Andrew White. Chair of Trustees

Page 9

The Avon Centre Limited NOTES TO THE ACCOUNTS

For Year Ending 30 June 2023

1 Accounting policies

Basis of preparation

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 Charities Act 2011.

The Avon Riding Centre meets the definition of a public benefit entity under FRS 102.

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 for the reporting period to 30 June 2022 were restated to correct the income analysis on the statement of financial activities.

Going Concern

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

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.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Incoming Resources

All Incoming resources are included in the Statement of Financial Activities (SoFA) when:

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

Page 10

The Avon Centre Limited NOTES TO THE ACCOUNTS

Incoming Resources (continued)

Government grants are included in the SOFA for the relevant reporting period

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.

Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

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 between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible Fixed Assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised.

Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life:-

Impairment reviews are carried out as and when evidence comes to light that that the recoverable amount of a functional fixed asset is below its net book value due to damage, obsolescence or other relevant factors.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

2 Company status

The company is limited by guarantee and has no share capital. The liability of its members is limited to £1.

Page 11

The Avon Centre Limited

NOTES TO THE ACCOUNTS

3 Donations and Legacies
General donations
Grants
Horse Sponsorship
4 Grants
Riding for the Disabled Association (RDA)
Rural Payments Agency
Apprentice Grants
5 Other Trading Activities
Arena hire and associated facilities - Bristol Horse Riding Ltd
Arena facilities hire - General
Café Turnover
Show Income
Events and Livery Income
Other		 Unrestricted
Restricted
2023
2023
£
£
60,272
17,927
12,446
-
-
-
72,718
17,927
Unrestricted
Restricted
2023
2023
£
£
-
-
10,946
-
1,500
-
12,446
-
Unrestricted
Restricted
2023
2023
£
£
130,437
-
13,857
-
4,292
-
13,788
-
23,641
-
37,999
-
224,014
-		 Total
2023
£
78,199
12,446
-
90,645
Total
2023
£
-
10,946
1,500
12,446
Total
2023
£
130,437
13,857
4,292
13,788
23,641
37,999
224,014		 Restated
Total
2022
£
166,672
23,505
6,050
196,227
Restated
Total
2022
£
12,430
11,075
-
23,505
Restated
Total
2022
£
69,450
18,258
3,477
6,104
4,946
-
102,235
A charge is made to Bristol Horse Riding Limited, a wholly owned subsidiary, for the use if the centre's facilities in the subsiadiary's provision of A charge is made to Bristol Horse Riding Limited, a wholly owned subsidiary, for the use if the centre's facilities in the subsiadiary's provision of A charge is made to Bristol Horse Riding Limited, a wholly owned subsidiary, for the use if the centre's facilities in the subsiadiary's provision of A charge is made to Bristol Horse Riding Limited, a wholly owned subsidiary, for the use if the centre's facilities in the subsiadiary's provision of A charge is made to Bristol Horse Riding Limited, a wholly owned subsidiary, for the use if the centre's facilities in the subsiadiary's provision of
riding instruction.
**6 ** Investment Income Unrestricted Restricted Total Total
2023 2023 2023 2022
£ £ £ £
Deposit account interest 127 - 127 16
127 - 127 16

Page 12

The Avon Centre Limited NOTES TO THE ACCOUNTS

6 Expenditure on raising funds
Advertising, marketing, direct mail and publicity
7 Expenditure on charitable activities
Expenditure on charitable activities
The Operation of the Avon Riding Centre for the Disabled
Governance costs
Accountancy and Professional fees
Independent Examiner's fees
Bank charges
8 Staff costs
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits		 Unrestricted
Restricted
2023
2023
£
£
5,304
-
5,304
-
Unrestricted
Restricted
2023
2023
£
£
319,501
43,283
22,495
-
5,237
-
347,233
43,283		 Total
2023
£
5,304
5,304
Total
2023
£
362,784
22,495
-
5,237
390,516
2023
208,063
8,002
2,374
-
218,439		 Total
2022
£
8,210
8,210
Total
2022
£
260,422
25,529
2,255
288,206
2022
140,762
4,926
1,583
-
147,271

Number of employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 is Nil (2022 : Nil)

Average head count in the year

The parts of the charity in which the employees work
Administrative staff and management
Stable Staff
Caretaker
Total		 2023
Number
3
4
1
8		 2022
Number
3
4
1
8

9 Trustee remuneration and expenses

None of the trustees have been paid any remuneration in the current or prior periods.

Page 13

The Avon Centre Limited NOTES TO THE ACCOUNTS

10 Tangible fixed assets
Cost or revaluation
At 1 July 2022
Additions
Disposals
At 30 June 2023
Depreciation
At 1 July 2022
Charge for the period
Disposals
At 30 June 2023
Net book values
At 30 June 2023
At 30 June 2022
Cost or revaluation
At 1 July 2022
Additions
Disposals
At 30 June 2023
Depreciation
At 1 July 2022
Charge for the period
Disposals
At 30 June 2023
Net book values
At 30 June 2023
At 30 June 2022		 Improvements
Freehold
to
property
property
£
£
407,401
293,697
-
22,371
-
-
407,401
316,068
-
141,995
-
5,038
-
-
-
147,033
407,401
169,035
407,401
151,702
Horses
Motor
Horses
vehicles
£
£
64,747
6,650
14,070
-
(2,300)
-
78,817
6,650
48,025
6,650
6,886
-
(2,300)
-
52,611
6,650
26,206
-
16,722
-		 Plant and
machinery
£
87,243
4,621
-
91,864
84,239
1,860
-
86,099
5,765
3,004
Total
£
859,738
41,062
(2,300)
900,800
280,909
13,784
(2,300)
292,393
608,407
578,829

Page 14

The Avon Centre Limited NOTES TO THE ACCOUNTS

Fixed Asset Investments
Cost less impairment
At 1 July 2022 and 30 June 2023
Net book values
At 30 June 2023
At 30 June 2022		 Shares in
group
undertaking
£
100
100
100

11 Fixed Asset Investments

There were no investment assets outside the UK.

The company's investments at the balnce 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 instruxction

Class of share:
Ordinary
12 Debtors
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
13 Creditors: Amounts falling due within one year
Bank Loans and overdrafts (see note 14)
Trade Creditors
Other creditors
Accruals and deferred income
Other Taxes		 % holding
100
2023
£
3,797
23,371
-
27,168
2023
£
11,880
12,208
593
9,773
2,180
36,634		 2022
£
9,397
15,570
3,715
28,682
2022
£
15,462
4,276
795
20,053
3,368
43,954

Page 15

The Avon Centre Limited NOTES TO THE ACCOUNTS

14 Creditors: Amounts falling due after one year
Bank Loans (see note 15)
15 Loans
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand
Bank loans
Amounts falling between one and two years:
Bank loans: 1-2 years
Amounts falling between two and five years:
Bank loans: 2-5 years
16 Secured Debts
The following secured debts are included within creditors:
Bank Loans		 2023
£
62,441
2023
£
11,880
11,880
50,561
62,441
2023
£
74,321		 2022
£
73,278
2022
£
15,462
13,571
59,707
73,278
2022
£
88,740

The bank loans showing above are secured by both a first legal charge over the freehold land and a first debenture comprising a fixed and floating charge over all the assets and undertakings of the charity and bear interest at 4.5% above the base rate.

Page 16

The Avon Centre Limited

NOTES TO THE ACCOUNTS

17 Charity Funds
Restricted Funds:
Fund for the purchase of Horses and Ponies
RDA Lessons
Beyond the Gait
Volunteer Co-ordinator
Structural Works - Stable
Fund for payment of salaries
Total Restricted Funds
Unrestricted funds:
General
Designated
Total Funds
Charity Funds
Restricted Funds:
Fund for the purchase of Horses and Ponies
RDA Lessons
Beyond the Gait
Volunteer Co-ordinator
Total Restricted Funds
Unrestricted funds:
General
Designated
Total Funds		 At 1 July
2022
£
1,100
15,922
12,149
9,994
-
-
39,165
93,858
492,589
625,612
At 1 July
2021
£
-
-
-
-
-
68,692
481,852
550,544		 Income
£
-
-
2,226
-
5,750
9,951
17,927
392,119
-
410,046
Incoming
resources
£
3,600
21,188
18,165
9,994
52,947
318,537
-
371,484		 Expenditure
£
-
(15,922)
(7,416)
(9,994)
-
(9,951)
(43,283)
(352,537)
-
(395,820)
Resources
expended
£
(2,500)
(5,266)
(6,016)
-
(13,782)
(282,634)
-
(296,416)		 Transfers
£
(1,100)
-
-
-
(5,750)
-
(6,850)
(34,647)
41,497
-
Transfers
£
-
-
-
-
(10,737)
10,737
-		 At 30 June
2023
£
-
-
6,959
-
-
-
6,959
98,793
534,086
639,838
At 30 June
2022
£
1,100
15,922
12,149
9,994
39,165
93,858
492,589
625,612

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 restriction upon the use of the asset), the funds are transferred to the appropriate fund.

Designated funds are unrestricted and relate to the total fixed assets at the current net book value and the remaining 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 recognised that a number of restricted funds should have been consumed through standard expenditure over recent periods, and as such have transferred the funds against the unrestricted fund where the expenditure was recognised..

18 Analysis of net assets between funds
Tangible fixed assets
Investments
Net Current Assets
Long term liabilities		 Unrestricted
Funds
£
608,507
100
86,813
(62,441)
632,979		 Restricted
Funds
£
-
-
6,959
-
6,959		 Total
£
608,507
100
93,772
(62,441)
639,938

19 Related party disclosures

The charitable company has taken advantage of exemption, under the terms of financial reporting standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.

There were no transactions with related parties during the year that require disclosure.

Page 17

The Avon Centre Limited

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

For Year Ending 30 June 2023

Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Interest
Total income and endowments
Expenditure on:
Expenditure on raising funds
Advertising, marketing, direct mail and publicity
Total of expenditure on raising funds
Expenditure on:
Charitable activities
The Operation of the Avon Riding Centre for the Disabled
Governance costs
Accountancy fees
Independent Examiner's fees
Bank Charges
Total of expenditure on charitable activities
Total expenditure
Net income before tax
Tax Payable
Net income
Transfer between funds
Net movement in funds		 Unrestricted
Restricted
Total
Funds
Funds
Funds
2023
2023
2023
£
£
£
72,718
17,927
90,645
95,260
-
95,260
224,014
-
224,014
127
-
127
392,119
17,927
410,046
5,304
-
5,304
5,304
-
5,304
319,501
43,283
362,784
319,501
43,283
362,784
22,495
-
22,495
-
-
-
5,237
-
5,237
27,732
-
27,732
347,233
43,283
390,516
352,537
43,283
395,820
39,582
(25,356)
14,226
-
-
-
39,582
(25,356)
14,226
6,850
(6,850)
-
46,432
(32,206)
14,226		 Restated
Total
Funds
2022
£
196,227
73,006
102,235
16
371,484
8,210
8,210
260,422
260,422
25,529
-
2,255
27,784
288,206
296,416
75,068
-
75,068
-
75,068

Page 18