## **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:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
• 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
- 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.
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:
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources;
- the monetary value can be measured with sufficient reliability.
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:-
- 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
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