The Avon Centre Limited Charity No. 281648 Company No. 01534625 Trustees, Report and Unaudlted Accounts For Year Endlng 30 June 2024 The Avon Centre Limited copirENTS Pages Trustees, Annual Report Independent Examiners Report Statement of Flnancial Actlvities Balance Sheet Notes to the Accounts io Detalled Statement of Flnanclal Actlvities 19 The Avon Centre Limited Report of ihe Trusteos forthe yeareThded 30June Z024 The Trustee$, who are a150 direcl¢Jrs of thecharity for the purp(w of thecompankn I￿￿, present thelr rep(Yt wth the financlal statements of the charity for the year ended 30 June 2024. The triJstÈe5 athpted the p￿￿s￿n$ of AccountinB and Reportin8 by Charities.. Statement of Recommended PractKe applicable tocharitles p￿par[Th8 theii accounts In attordance vrith thE Financial Rew)rtingStandard applicab￿ Sn the LIKand Re￿J￿ICOf Ireland IFRS1021 lÈffÈ¢tive l January 20191 oWE￿IVEs ANDACTivfTIE5 ObJÈ¢il¥es ond alnk8 The charitable oblÈ¢ts lorwhith The Avon Centre 15 estsbtlshed are for atharKe the education. health. wellbelng and rehabilltstlon of the 6eneral publ1¢, In particular peoplewth physical. mental and emotional dlsabilitie5 through thÈ prov15k)n of hof5e related and nature relaied programmesfor the ¢ommnityof Bri5tcd and the surroundlng area.. SlgThlllrant artlvhles The Charity pravides equine bHSed therapeutic and sport arthues forpeople wlthanyform of disab111ty In one of the UK'S lar8est purpose built equestrlan ¢entres. The cekntre Ls in N￿h Bristol SUTf(MJnded by Ic￿ acres ol fields and woodland. In a settingthat aims to promote t￿lI￿￿d￿￿1 devel¢)pmen¢ski115 and confiden￿ ID a ￿f< frlendlyand attractl¥e en￿ronMent. Pumc benefflt trurfeÈs have due regard to the CharityCommission's8uklance on public benefftwhen developing thijtles. The trustEe5 believe that the centre, its lacllities and the esrate upon whKh itoperates are rnalntslnÈd In a way that encourage5 and asslsts Indlvlduals In • fun¢tlonal and settin& wlth hor5e5th* ate carefully chosen and tralnEd to support the needs of the charity's benefklade5. ACHIEVEMENT AND PERFORMANCE Actlvltle5 FfKI Pertomwice The financial yearending 30thJune 2024 was both d￿lIe￿Illg and exutrng forTheA¥on Centre ITACI. Whlle some effetts tsf the pandemic lingered, staff leveb were reduced. and the equine hÈrrl was de￿eted. This reduced capacrty. but Steady progress was made wth gradual Increases In straff and horse numbe￿ The team also ExpaThled nortrridden actfvmes, offeftnB greater therapeutlc benefits to the %tridercommunity. Expansion ol non-ridden act4Vtty was ￿e¥ed thrO￿the,B￿yond the Gate. provision. offewlDgtherapeuti¢ leamlng and connertion wlth ShEtl3nd ponie5. Page 2 The Avon Centre Limited Report of the Trustees forthe year ended 30 June 2024 ACHlEVEmEP￿ANO PERFORMANCE (Continuèd) The successful 40th ￿lebratOry tea party has inspired plans for simllar events In thefU￿￿. Portnershlps The organisation continues to devel¢)p strategic partnetshlps with third parties to proV￿e morediverse equine-related and nature-ba5ed offering5. This includes h05tln8 schooL% and other charities such as: - bristol Autism Project - 0￿15 Academy &ank Leaze Pdrnary School Blaise High School - The Friendship Café People First and more. &Jstained efftirts to welcome addltlonal organi5ationsare bearlng frnit beyond June 2024. Fundralsl Durlng COVID, a crowdfundiThg campaign rarsed appr0xlmale￿ £80,C(Kl of unrestricted income. Thls provided financial stablllty and allowed for careful planning and investment in tore operation5. Another key Income slream Is the tradlng sub%diary. Bristd Horse Riding IBHRI, which provkles recreational equlne actiwties. Toward the end of the yèar. tmstee5 began deYebpln8 an imprO￿d approach to the fvndraising strategy. utili5in8 the abilities of staff. trustees. and volunteer5. Support is received from a wide range of individuals. busnesses, and o￿an￿n$. Induding= - CB.O. C. Lubricants Ltd -Acce5s Sport - Sporting Heritage Christlna Aitcheson Charftable Tr￿ Bescoby EquSne Dental Vets - 5UEZ Recydlng Company - ASDA Communlty Foundatlon - Tesco - Quartet Community Foundation -The Spielman Charitable trust -Johnson'5 Workwear -ArYdl UK - Nailonal Lottery Page 3 The Avon Centre Limited Rèport of the Trnste forthe year ended 30June 2024 FINANCIAL REVIEW Flnancial posltlon Atthe balance sheet date, thè eharity hekl £618,52512023- £CQ8,407) tanglblefixed assets. Maln￿ relatlng to the land and bulldlngs I£407,4011. lrnprovernents to property1£164,3661 and horses IE28,8531. The remainlng tanglble fixed assets Include the equipment necessaryto run the charity. maintaln the pmpertyand pro￿de lessons. The chèrfty held ¢ash of £114,70612023- £103.2381 wtth net current assets of £98,56112023- £93,772). ReseNes pollcy The charity ha5 a clear airn to retain reseryes to the thl requlred to prowide suffiuent fund5 to coverthe operating costs of the centre for a period of at leasi six months. The total value of ￿serveS at the balance sheet date is £672,74812023- £639.8381. orthls total, £17,10812023- £6,95911s held as restrlcted funds, and £100,6¢1112023: £98,793) is held asfree reserves. Whilst at the moment. the Charlty does not have en(￿gh free reserve5 to meet its reserve ptJliLy, the Trustees are continually monltorln8 the ptssltlon and ways of developlThg additional income streams to rebulld its reserve position. FUWRE PLANS The organisation Is following a carefully considered plan to ensure financial Stability and maximise Its benefrt to users and the wider community. include5.' Adding to the equine ridden herd Increasing RDA lessons offered to more rlders. ensurlng hor5e5 and lessons are Careful￿ matched to each riderfs needs, and promotingeouality and Incluslon fordi¥er5e communitie5. F￿pandIng the equine non-ridden herd Increasln8 artlvitles that do not Involve ridin& benefrting sthools, charttyEroups, and indlvidual participants. Developln8 a range of on•Site aebvtties Incieaslng horse ￿Mulator 5e55ions. faalrty hire. competitions. ForesrSth00l provislon, seasonal event5, one- day catnp5J guest speaker events. and ￿Iebrat0ryeVents slmllartothe401h celebratory party, ensuring Sustsinabilitythrough diverse offer5. Developlng the use ol the stte Further invofving partner groups and Char￿e$ to meet thelr specmt needs. progressing plans to ful￿ utillse the site for the benefit of those in need and the wlder community. National Star College will support th15 through adult volunteers with learningdisablllues helping ¥rith land and environmentsl developmènL Page 4 The Avon Centre Limited eport of the Trustees forthe yeartnded 30 June 2024 STRUCtURI GOVERNANCEAND MANAGEMEP Govemlnq document The Avon Centre Is a company lIm￿ed byguardntee as defined by the Companies Act 2CrfJ6, incorporated on 12 December 1980 and Is a reOstered charlty Ino. 2816481. The company was estsblished under a Memorandum of Association and is governed by Its artlcles of A$s￿latiOn as arnended on 15 November 1982, 25 July 21x15 and 08 lune 2022. Membershlp The charity15 3 mernber gr￿P of the Riding forthe Disawed Associatlon IRDA), which is a UK based charlty focussed on providing horse rrding and carriage dri¥lnB lessons tv people wi(h both developmental and physical disabilitles. The RDA has about SW independent groups and servesover26,5(X) adults and children each year. Appointmert of new tn￿tee5 The trustees, who are dlrectors for the purposes of company law and trustees for the purposes of Char￿ law, who sèNed durlng the yearand up to the date of this report are set out on page 5. The Board reuults trustees as and when a clear need has been Identified. Potentialtrustees are Identlfied and Intemewed bytrustees and other selerted persons as appropriate to a$5ess the suitsbility to assist In the effettlve guidance and management of the charity- When considering the appointment ol any newtrustee, the Board considers the experience and contribution which the indNidual may bring to benefit the charlty. Orgonimtion The trustee board comprlses 3 independenttrnstee5who meet on a reEular basis. Durlngthe year, the team have continued to be 5UPPOrted by dedicated volunteets and the tNistees re8ularly review the ¢JrganlsatlDn structure to ensurethat It ha5sufficient staff to support its exlsting and fvture tsperations. REFERENCE AND ADMINISTRATIVE DETAILS Re8lstered Company number- 01534625 IEnEknd and Wales) Registered Charity nurnber- 281648 Re￿stered offlce- The Avon Centre KSn85 Weston Road Hentwry. Bri5toL City of Bristol. 8SIO 7QT Trwtee5 A M CoThnelly (appointed 19.08.241 C A Evans lappointed 19.10.221 S Vlncent lappointed 19.10.221 A C H Whlte lappoÉnted 1.8.221 {re￿Etsed 31.8.241 This report is designed to meet the statutory reporufi8 requirements forthe Avon Centre. The charityls keen to communicate with those whg take an interest in its wort. Update5 and further information la5 available) tan be obtained by e-mailing info@thea¥oncentre.org.uk Orvisi￿n8 ourweb5ite at www.theavoncentre.org.uk Page 5 The Avon Centre Limited Report of the Trustees torthe year ended 30 June lin4 8TATEMENTOF TrUSTEEY RESPONSIBILMES The trustees (who are also the dlrectors of The A¥on Centre Llmited forthe purpos￿ of company lawl are responsible for preparing the Report of the Trustees and the finonaèl statements in accordan￿ with appllcable law and Unlted Kingdom Accounting Standards Iunited Kin8dom GenerallyAccepted Accounting Practice). Company18w requires thetrustèe5 to prepare financial statements for each finandal year whith Èlve a true and falr vlew of the state of affairs of the charitable company and of the incoming resources and applIcatEL￿ of resources, Indudlngthe Income and expend5ture, of the charitable company for that period. In preparSn8 those financial statements, the trustees are requlredto.. - selert sultable accounting poficies and then applythem COn￿stent[¥. - observe the methods and principle5 in the Charity SORP- - makè judgernents and èstimatES that are reasonable and prudenL- - prepare the linantlal staiements on the going concern basis unless It Is Inapproprlate to prE5ume that the charltable company wlll contlnue In buslness. The tru5tee5 are responsible for keeping proper accounting recordswhich disd05e wrth reasonable accuracy at any tlme the financlal p051tion of the charitable company and to enable them to ensure that the financial 5taterrents comp￿ wfith the CompaTrles Act 20(￿. They are a150 responsible for safeguardin8 the assets of the tharitable company and hence for taking ￿a9)nable stepsfDr the Pre￿ntIOn and detecti¢)n of fraud and other Irre8ularltl&. In so far as the trustees are aware.. - the￿ Is no relevant information of which the charitable companvs Independent examlner5 are uThaware,' and - the trustees have taken all steps that they ought to have tsken to m2kethemselves awart of any relevant Snformatlon and to establlsh that the Independent examiners are awareof that infomiation. Approved by oriler of the board of tnjSt￿ on 30.04.2025. and signed on its behalf by.. S Vincent-Trustee Page 6 The Avon Centre Llmited I￿EpENDENT EXAMINERS REPOtrr Independent ex8mlner's rep￿t to t￿t￿sta¢S of IheAvon CeThtre Llmlted {'the c￿Tr￿1 I reportto the ch8rftytrustees on myexamination of the accounts of Comp8nyforthe perfod ended 30 June 2024. Ilwonslbllllle5 Bnd ba￿$•f ￿port As the twuste25 cf the charity land also its direLtors for the purposes of company lawl you are responslble for the ptepar4Élon (rfthe Ittounts In a¢c¢rdancewhh requirEments of the Companie5 Act 20061.the 2￿6 Act'l. Havlng saiisfied myseK that the aCC￿nts of the thariryare not required to be audited under Pèrt 16of the 2006 Att wd are eli8ible lor Independent examination, I report in respect of myexamlnavon of ywr charws a¢￿￿￿tS as Earried out under section 145 of the CharfUe5 Art 20111'thE 2011 ACEJ. In carrying out rny e¥amination I have fc41owed the directlons ghen by the Charlty Commlsslon under sectlon 14515llbl of the 2011 ACL IndependenteMamlneV5statert￿t Sln¢e ytsurcbarity's gross income exceeded £250,(￿Y￿r examinermust a member of a listed bth. I can confftrmthat I am quallfled to undertake the examination because l am a member oFthe Insbwie of chart￿ed A¢(￿n￿tIts in England Wale5 IICAEWI. which is one ol the listed bvdies. I have completeil my exarnlnatiDn. I cén confirn that maleria matters have come tr* my aitentlon In Conr￿tk)n with the minatlon glving me cause to belwth3t'. * Accoundng records were not kept In accordan￿ wlth sertkjn 3861)f the I(￿6 A¢t; or the accounts do not accord with those records.. or the accounts do not compl¥with the accountlnE requirements undersectlon 396of thÈ 2W6 Att othÈrthan anv re4ulrefftent that the accounts 8ivea'true atO fail, view which 15 llota matter ctYL5idered as part of an indepeNlent examlnatlon.. or . the accounts hwe not been prepared In a(tsrdance with the chari￿e5 SORP IFRS 1021. I have no ￿nceM5 and have cC￿e across no other rnatters In connertkjn wlthlhe examlnatK)n to whlch attention should be dr3wn this Teport in order to enable a proper understanding of the accountsto be reached. Independent EXa￿1ver Martln Hobbs BSCACA Frarscls Clark LLP 90 Victoria Street Brfstol BSI 6DP Date.. 30-04-2025 Pa8e 7 The Avon Centre Limited SYAYEMEMf OFFINANCIALACTIVMES For Year Endln8 30June 2024 Total Fur￿$ Total Funds 2023 F￿Thd$ Funds 2024 Notes Incomlng Resources from.. Donatlons and le8acles Charltable activlties The Operation of theAvon Riding Centre for the Dlsabled other tradln8 actlvttles Investment Income 63.689 33, 97,479 SYl,645 120,385 199.459 2[ 120.385 J99.459 95,260 224,014 127 Total 383,739 33.790 417,529 410.046 Resources Expended Ralslng fvnds Charltable actlvltles 5,304 390,516 363.578 21.041 384,619 Tolal 363578 21,041 384.619 395,820 Net Income 20,161 12.749 32,910 14,226 Tra[￿er between fund5 17 12,6001 Net movemerrt Sn fund5 22,761 10,149 32.910 14,226 Recondllotlon of funds: Total funds brought forward 632.879 6.959 639.838 625,612 Totsl funds ¢arfed forward 655.640 17.108 672.748 639,838 Page 8 The Avon Centre Umlted BALANCE SHEEr at 30 I￿e 2024 u￿eStr￿ed RestrlttÈd F￿dS 2014 Totsl Funds 2024 Toial Funds 2023 2024 F￿ed assets Tangible flxed assets loves￿￿ts io li 618.525 618,525 IOD 608807 IDJ 618,625 618.625 6￿8￿07 Debtors Cash at bank and hand 12 25.899 97598 25,899 114,706 27,168 103,238 17.1( 123N97 17.1( 140.6D5 130,4 Cre(Iltots: Arnountfallingdue wlthin one year 1410441 142,0441 136.6341 Net wrrent assèts 8L453 17,11 98.561 93,7n Yotal assets lesscufTentll?bllltles 17,J( 717,186 702.279 Credkors.. Amount falllngdue afler Or￿year 144A381 144.4381 162.4411 Total net •ssÈts 655,640 17.IL 671748 639.838 Th8fund5 rrfthg thaffty Resffioed Income ￿n￿$ UnrestrScted Funds 17 17 17.IOB 17.108 655.640 6.959 632,879 655.640 Total fund5 655.640 17,108 672,748 639,838 The dwTrcable company 15 enliued loexernplion from audll undersecthn 477of the compar￿Art2035 fDrtheyear ended 30 JuThe 2024. The members have not r4ulredthe cthnpany to obtsin anaudlt of itsfinan(ial 5t3te￿entsfOrthe year ended 30June 2024 in accordance wlth Sectlon476 ofthe Companles Act2(￿ The tru5te2S acknowledgeth￿rreS￿￿1￿l￿e5 for ensuring th* the thèrttafrAe componykeeps Kmuntir* recontsthai cl￿p￿ with Seciion$ 386 and 387 of the CompaThlesA 20rA and bl Fxepar1ng flnanclal ststementswhith WVÈ a and fairview of the state of affalrs of the charftabk company as at the end of eèch financkl year and of its surplusor defKitfor èath finarKial year in accordance wlth the rerNlrements tif Sectlons 394 395 and whlth othEfwi5e compty with thetE4uiremethts of theCorywanksArt 2￿6 reiatinRtofSnandal statements, so farES appIl￿bletOthe dBrltsble compAry. Th*e accounts have been wepared Inaccerdance wlththe 4)ecial wolism￿S of Part 15 of the Companle5Act 2W6 relatlll8to srnall companie5. 30-04-2025 Thef1￿n¢[al statements wereipproved bythe Board of T￿￿e$and authortsedfor i5%ue on............................................. were slEnÈd on its behalf bv.. Svlncent T￿￿tee Page9 The Avon Centre Limited NOTE5 TOT+FEAccouKf5 ForYearEndlng 10 June 2024 l ACt(￿ntIng pullde5 BasLq of prwrat These financlal st?terents have been preparedin comp1kq￿e ¥Ath FRS 102. The Financial Reportlng Standard applKable In the UK andthe RÈpublk of Ireland,, the Slaternent of RecommtrNled PracbcE apPbCa￿etOcharitIe5 preparingthÈlr a¢rounts in xcordants with the Flnanoal RewrtfP8 Stan&rd app￿￿ble In the UKand RepublKof Ireland IFRS1021 Icharltles SORP IFRS 10211 and the chart1￿$ #£t2011. The Avon Rldlng Centre meets the definlthjn ora publit benefflenlity under FRS 102. The financial statements have been prepared on ihÈ hl%torKal cost ba%"s, a5modffied bythe revèl￿3￿onQf certaln fiThaThclal assets and l￿bIlitIes3￿d investment ProPer￿e$ measured at Iairval￿througb income or exF*ndfture. Group 4crowts e¥empllun 6roup tXCQUhtsexemptlons399 The Charftrble Company hastaken thnta8e ofthe e¥emptFon insert￿n 399ofthe COMpan￿sAct 2￿6 not to prepare con5011dated actDunt& beCa￿E the group it heails qualifje5 a55malL The finantial StateJn￿ present inf0rna￿0n aknutt CharltaNe Company as an Indivldual entity0￿. Golng Corrtern Therp areDo motErial uncertaiDtie5 lb￿tthethartt￿s abllltytotonVTrue. Ju(tsernents and Key 5ourc05 of Estlmatbjn Untertal The preparaUDn ofihe InatKaal 5tatEments requires manogerr*nt to makelu*emènts. estimales and assumpllonsth2t affect the amounts reported. These estlmatesand1￿d8emeTrts arecontinvaly revle*ed andare based on e¥perlwKe and other factors, Includlng Lypectatlorts offvture eventsth2t are to bereasonable underthe drcumstancts. Change In baslj olac(ouJrtkw orto èrt There has been no thange to thÈatt(MJnting polKie51*7lt*tlon rules arKI rnetknd of acwunting) sinre last yearand no changes have been madeto accountsforprÈviousyBar& Fund Unrestricted fun(ts are aydilableforuse at thedi%cretlNbof thÈtru#ets in fvrtherarKeof the gaieral Object￿e$ of charhy. Restrlcted funds are sublected to rÈ5tricUon5 ontheire%Fenditure imE￿d bythedonDrorthroueh the terms of an apppal. lThcomlng Rq5ources All IrKoming re50urce5 are induthd Inthe Statemertof FIna￿al Ndwit￿lS0FA1when'. the tharlty betomes Èntltled to the resour￿. It Is more Ilketythan not thatthÈ trLStÈeswlll receivethe resour￿. the monetaryvalue can be meayjredwith relk7Liltty. There has been nu Dffsettiwof a55ets arml liatMlllte5, or InrJ)mearbJ eynses. uhle&% rEqufj￿d ar pe￿Ilted bythe FRS 102 SORP ￿ FRS 102. Grants andd¢r￿tl0nS areonty lrnthded In the SoFAth2nthegeneral irKJJme recc6nltloncrlterfa art mei15.10 to 5.12 FR5102 50RPI. In the tase of perfomiancè related grants, Inc(MTrE rnustonty berecogniseé to the extentthat thÈ tharrty has provided the speclfied Eoods orseThkesas entstl*neThtto tr*grantantyocrur5wlwthe FerfOrn￿rte ￿ated condltions ale met IS.IG FRS ID2 SORPI. Pa8e 10 The Avon Centre Llmlted NOTE5TOTHEAccou￿rs Incorn[￿ Re5llurc2s IconVrKredl Legaues are included in the SOFAwhEn recwpris probable, that i%. ¥A*n thÈrÈ ha5been 8rantof probate, the executors have tabllshed that there are 5ufflclent3ssets In the estats ar.d any tOr¥ithOr￿ Jttsthed to the legacy a￿eItherwIthfin the control of the chatlty or have bee￿ met. tknprnmeTrt8ra￿ts are induded irn theSOFAtrthe rebvlant prlod GIftAldre£eivable ts Included In IJK0r￿When there isavalld thdaration frw ￿ dornr. AThyGIft amount reu)vered dOnat￿n Ss conskjered to be part &th*￿'ft and L% tteated a5 In wihesame asthe init&l (klnadon unle55 the domr ortheterms ofthe appeal have 5PLYifiedother4we. Donated 5ervi¢e5 and facilitie5 are Induded atthe vah*tothetharlty where th15 can bp qu4ntlfied. The value of 5pnpice5 provlded 6¥￿ unteers has nor bew I￿uded Sn these accountk Go(MJs dona.ed f¢roTFgolng w bytke charity are ￿¢￿Ised as tanglble ftted assets 2nd Included in the SoFAas ints)mii¥ rÈsDurces when reCQfvab￿. fxpendlture ￿ recogL4*e aCc￿￿15ba￿S as alla￿ltyts IncurrEd. c￿￿tsbIe expendlturé coryri5es thosec05ts incutted bythe tharity inthe ddtyeryof its admtles and Serv￿$ for Its beneficiarfes. It Int￿deS both costs thatcan bealkKatedd1￿C1Vt0Ath acii¥ftiesarndtlK>secosts ofan indir￿% nature necessary to supportthem. The compiny's propertles are held frmalty rerylrethesysteM￿t4n￿Ual deweciatK)n olftxed assets. the thectors believe that thls policy OF not providlng deyeaatbn Is necwsary In Orde,"ftrrthea(￿￿Untsto gNe a tn￿ ￿fa1rv￿wslnce the currentV31 of Investmer)t properues and change5 In th.atcurrentvalue ale Df ￿rne irr¢)ortance rathtrthan a faltulafjoTh of 5¥Stemat￿ annual depretiatlon. DeprÈtiatiorn i% trnlyoTrE ofthe many fr￿*0￿ ref￿thd Sn the annual valllar1o￿ and thearnDWtwhich mlght otherwlse have beern showDcannot be 5eparatety thtified wquartTfied. Taknglbte Fixed Assets Fixed assets (excl￿Ing In¥estmentsl are ststed at￿StIeS$ acoJmUlateddeprecMt￿n.TheC0Sts0t Mkntsradd￿11cnS orth05e costln8 below El.1￿0 are not Ca￿talISed. Depre¢iath)n15 prO￿ded at rates cakulated iowrfte olfthetostofeach &5set Dver itsexpectedvsefvl Iire'.- - Freehold property (land ontyl- rh)t p￿ded - ImwovÈmert5to prDP2rty-atWdriOll5 ratyson cost - Plantand mach1r￿ry- 15% on E05t - Ho¥ses-20% on cost - Motorvthlclès 2LPA OTh cost Impalrmerf re￿ewS are co￿1ed0￿1 as arnl Wh￿ ewSderKecomes to lthl thatthatthe reco¥eraWe arTr)untof a functknnal ftxed 45set15 Wow net b￿k value due ￿daMage. obX4esce￿e0r othÈr r￿e￿tfaCtOrS. ¥lnancFal lryEtrumEnts A ftnanclal a55et ara fi￿nd01 Ilai¥lltyb rec(yised ￿Ywhen the eDUtyb￿rnÉS a partytotheajntractual pYo¥tslensofthe IDstrumenL Baslc fip.arflal Instrthnents are intLially tewised at thÈarr￿u￿treCe￿bleOrpaYa￿e indUd1￿ an¥ related tran$3ttion cests, unkns the arra￿ement consliiute5 a ffnancing Ira￿aCtiOn. where It is recopmsed at the presentvalue ofthefuture pèymen15 dlscaun*d ata market r*eDf interest foraslmllar debt Instrum2nt. 2 Comparry Slatsk4 The company ￿ Ilmlted by guarantee and has noshare opiial.The 11th1￿Of its W￿berS ts Ilmlted to £1. Page 11 The Avon Centre ilmlted NOTESTOTHEACCOUPlfS J DorAdonsaTrd 148adgs dona¥￿$ 33.79) 8&734 IOA25 fjrants Horse Sporw5h iOA25 a20 46 97A79 90.$45 4 Gr• Tokni Ttsi•l 2023 2014 Rur4 paymwtsP4 ApprentkeGtrnts iOA25 LOA2$ 10,916 iOA2i Iws 12,446 Total Tatsl 23 Arena hlreand associated f4uIIVes- knl Hcq5e RldbwLtd Arena facilltles hlre-Genetsl CaféTurnty￿r 144,352 S36 7.518 14297 20226 1,1 144352 I1￿35 ,137 JJ,857 4,292 14297 20.226 I.IQD Eventsand LiverylncomÈ Other 23.641 37.999 199A59 224.014 A(hèrge1smaceto On$t￿l￿rse Rith[ybmrt￿ a w￿L￿￿o￿ned5￿bs￿1kry.[OIthE woftkrrntre5 ￿￿1t*S IntheSub￿dI1￿$pr0vL5I0Th0f rldlng InstrtsrtpJn. Pa8e12 The Avon tentre Limlted NOTESTOTHE AccouTrirs ExP*￿￿￿r*￿l r•b￿l￿ndS AoknrtT￿n&ma￿rttf1r￿ dlrertnMII and put4 Y Ex￿n￿lU￿￿ onrhalltabl••¢t￿Iets Tot•1 Totsl £¥pe￿il￿re0￿(h0rir￿b1eCct1vrt ThÈ DfthÈAvE)n RMJln8C&)rfefortr* Dlsa Calécosts ZLOII 36F.714 361669 115 LIO) AccountsKy and Pr￿e￿o￿al lee5 Bankdwg 9.367 6.433 21495 5.237 3F15n 384,619 3￿.51$ stsff 5alarlesènd w¥es 50d* st￿rt*¢0$ts Pen5lorycDstsldefinedcontriky￿unXhernes 203.192 3.161 1374 214,998 218A39 Numberofemployees rKdved em￿0yet ro*slfwthe reK•Nth%peric4Dfmore than E60,0(X)is Nil12023.. Nil) A¥¢we ¥ear The parts ofthetharftyln wh1ththeernplo￿s*￿￿ 20 NllmbÈt Number AdM1n15trat￿Staff andmana8ernent StaNesia Caretaker TOtsI 9 TNste¢ rwnwnwatlan4md NMeofthetrustrE5ha¥e been arryrernuneratlon or beeTr reimtrMJrsed anyeyrtsesln th￿￿¥￿￿￿￿pr1wP￿rIE￿ts. Pa8e 13 Thè Avon Cèntrè Umlted NOTE5TOTHEACCOIJNTS 10 TansNefl¥edosse knpro¥emert% fr￿knkl tand m*¢hlr c￿￿Orre¥￿IU9t1Q Al lJuly2023 Add￿0￿ 5W5a15 407.401 316.(￿8 IIZ861 At 30Jwne 2024 407AOI 316.068 93,198 Depreckth)n At ljuty 2023 rgef￿theperl0d DIsp05a15 I47￿33 4,669 L580 142861 At30June2024 151,702 393 Nettrrf)okval￿eS At aOJun2 2024 4￿,401 164 6,905 At30June Z013 4D7AOI I69￿5 5.765 v•Nde5 Total CDsttY r￿dI￿￿on At Iluty2023 Addtknons Lsp05als 78A17 14,7CI) IIL?rx)I ZE,420 ID,48SI At301une2024 81317 17,6SD 915,734 Depredadon AtlJuly2023 Charge forthe perlod Oispos315 611 7.753 (7,￿)1 6.65D 292,393 14,002 19,1861 At30June 2024 52.464 6.650 297.209 Nd bool*lues AI3DJbne2024 28,853 Ll,1) 618.52S At30JunÉ 2023 2@2( Page14 The Avon Centre Llmlted NOTESTOTHE Accourirs 11 FlxedAsMt In¥estsnents res ln oup undtttsklng Cust le55 I￿paIr[￿ert At ljuty 2023 30JurbE 2024 Net boc*vakJÈs At30JunÈ 2024 100 At8OJune 2023 100 Therewere no InvÈw.ent¥sets outldetheVL The I￿V£￿ents atthe b31a￿eSheet￿￿te1n the S￿￿￿(a￿a￿ti￿p￿￿oE5i￿l￿￿￿thefQ1￿ymr Brfstol Horse HIdI￿ Lkn*ed R*￿S￿red•1￿Èe.' A¥vr. alding Centr% ￿l￿west{￿ Road, Henbury. Brirtd. B5107QT Naiure•f bu￿ne$s.. hble.bLxkd rfd1￿ Ir￿Cti aa55ofshartr. Ordknary io) 11 D¢b¢N¥ 202J TradE debtors Amounts owed by8roup underts Prepayments arKJ acuued Irmne Other debtors 3,797 23,371 21.164 25.899 27,168 Bank Loans a?d i)verthfts IseeMte 151 Tradecreditfrfs Othercrelh'tors Accrua15 arKI deferr￿ inc(¥DE Othe'taxe5 19,088 11.880 12.208 593 9.773 2.180 950 13.191 2.410 42.044 36,634 IS The Avon Centre ￿Mited NOTESTOThEACCOUNTS 14 CredItL*5.knuurt5￿1￿8du￿afteTrrf*￿￿ 2024 2023 8&nk ts•n515eeith 155 44,438 61441 15 LOH 2023 n analysb ofthe maturtyof isel*n bekn￿. Amtyjntstslliwdue ¥￿thIn Bank loarns 19, ii, Arnounts klllnÉ betweenthe aNItwu ￿15. nk loans.. 1-2yeHws th(yJnts falling betWEeTrtwDandfiYeyears'. Bank loan5'. 2-5 yeaFS li.B80 25A5D so￿61 44A38 62,441 16 SE(ured DEbts 2023 Thefollo￿￿I$e￿Jrfjd debts are IT￿￿ded wlthin ¢redit¢ws.' Bank Loan5 63516 74121 Thehnkloan$shN￿r*8tr￿eale$ewred byl*)tha f*xle8a1&.a￿ErrtérthPfree1D1d knd ap.d aflrstdÈbertityE wwisinBafixed èndfloatln8 char8Èoverall thp3sset54nd uwjertaknw Dfthetharityand bear knterest at4.5%3￿*the baseTrtÈ, pa￿1 The Avon Centre Limited IIOTESTOTHEACCOUNT5 17 Char]ty FuTrJs At lju fr•nsfers AtSOJune Z024 RestrirtédFvnd&' CRF GrJnt 4J25 3,025 11 the Galt Voluntéerctrordinat F¥nd forpaymEntDf Sab￿￿5 c￿j15e rnateriaLs T￿￿pOrt GQ5ts Annfve1sarydor￿U0r 6,959 16.9591 15.9171 15.m)I I4.￿8 715 14001 12501 TotrlRestFlrtedFunO 6359 17.108 Unretylctedfv￿S.. General t￿gnated ¥793 531086 1363.5781 118,3131 20,913 I￿,611 554gJ9 Totsl Fund5 639￿8 417.529 13845ts1 67l748 Ch•rftyF￿Nas TraTh5fers At JOJwne RettyittedFunds.' FundforthepurdR5eolH0rs￿ and Pontes RDA Le5￿￿S nd theGat Volunteer C&ord'.natDr strurtLtsI Worts-staw Fvnd fDr pAy￿nt01S3L￿￿E$ Ljlil 22 11149 ILI(LSI 1ts,9221 17AIO (9.9MI 6,959 5,75D 9.951 .7501 (9P511 39.165 17.927 1432831 I6￿50) 6.959 Unie5tfkted funth.. Ga)enl Des18nat S8 492￿9 a91U9 (35153 134.6471 41A97 98.793 534.085 Totsi Futhds 625,612 410,IX6 1>95.8201 639,838 ResirfttedfvNts rd3tekn gr4w for5wfkpuyKÉ%. wh￿h caD by the a￿￿edescrip￿0nS. Onceafved4SSÈt has been pW£h￿,orthefund5 ut115edlandasyJnbgthe￿ bN>re%triL*tm the u5eofthe as￿). thefurvJs*e tr*erred iOthE ¥pwprktefurNL [*51B￿atedfulld5 areunrEsLrKted and refBte tDthetotafrted assetsat ￿¥￿v*.u?a￿ th?rema1rA￿bajlnceoflhtrl8Thd loan. RewymeDts ittthè IDar andmo¥￿ents In a5￿ts1￿&jth￿ 2d(4tth.dtstw* anddeprt¢iatfv)nl8retr3n5ferred a8aknstthi5 balall￿. In the pri￿year. tF*trustee5 fEeognised thata numberofrestrltt￿ftyAtshDL1￿Il￿VPl*e￿ wn5urnedthrough *Jndard fftr recent pers￿￿, assurth transf#[edt￿fr4Xts #gair&t￿u￿restrfrt￿ fJndwhuetheexpendthrewas 18 kn3￿315 of rbetassets betweenthJnd5 ds Tawbleft¥wJ a55ets Investments NetCurrentAssets L¢ngterm I'abiif(k5 618￿25 618,5 81,453 144.4381 17.108 98.561 144,4381 655,640 17.108 672,748 PaBe 17 The Avon Centre Llmlted r40TES TOTHEACCOUNTS 19 RdAiad party¢k¢log Thechawttable comp3nyha%tsken ad¥3rrtaBe olexemwk)n, undprtrotetm5 offi4ancial reWrtTrysta￿ard 102 Yhe FInal￿la1 Reportlns Strnrfawd applKable Th the UKand Rewbfic Df Irthd, nat tottbdose relatedpÈitytraTts**N)n5%￿￿1yLh￿d 5ubsldiarleswithln the 8roup. TherewerE notran5adk)ns¥rilh wdatsj part*5 ¢hwI￿the￿1haIreWIr¢{1s¢knW￿. Page18 The Avon Centre Limhed D￿AlLED STATEmE1￿oF FIN4NCIALArnIE5 Foryear EDrflTrg 3DJune 2024 Total Totsl FuMf5 Fuhds Funds 2024 ZOZ4 Intttme athd endowments Donatlons and legacies Charitable activtties Other trading %tl¥ftles Interest 97,479 120,385 199.459 206 90,&45 95.260 224,014 127 IZO,385 199,4S9 Totsl In¢ome enth3wm2nts 383.n9 33.N 417,529 410.046 ExpÈndltLwe on: ExpeNJoliture misFngJunds Advertbln& rn3rketln& élrect mall ènd publkity Totsl of expe￿d1tUre on watslng fwnd5 Expendltureon: Chorltuble uctivltle5 The Operatlon ofthe Avon R(dln&Certre forthe DiEabled Café cosi$ 21,041 367,714 1,105 362.569 115 347.778 21.04L 368A19 362,784 Goverljan￿ W5tS AccountarK¥fees Bank CharEes 9￿7 6,433 22.495 5.237 6h33 Is￿0 27.732 Total of expendlture on thorftablp artl7thk5 21.041 384.619 5￿,516 Totsl eXPet￿lI￿e 363578 21.04L 384,619 395,820 Netlncorne 2Q161 12.749 32.910 14,226 Tra￿fer between fund5 IlfAKJI Ilet mo¥emartlh funds 22.761 10.149 3Z.910 14,226 Pa8e 19