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2024-05-31-accounts

REGISTERED COMPANY NUMBER: 00022866 (England and Wales) REGISTERED CHARITY NUMBER: 293872

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE) Peter Howard & Co 4 Wharfe Mews Cliffe Terrace Wetherby West Yorkshire LS22 6LX

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

Page Trustees' Report 1 to 5 Independent Examiner's Report 6 Statement of Financial Activities 7 Balance Sheet 8 to 9 Notes to the Financial Statements 10 to 15 Detailed Statement of Financial Activities 16 to 17

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2024

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 31 May 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects for which The Cleveland Bay Horse Society is established are to (1) encourage the breeding and improvement of horses, particularly the Cleveland Bay; (2) to improve the general standards in the management, use and treatment of horses generally, and of the Cleveland Bay Horse in particular, by facilitating the distribution and acquisition of knowledge and learning among breeders, owners, judges, veterinarians, trainers and members of the public; (3) to provide or assist in the provision for the public benefit, of facilities for recreation or other leisure time occupation, through the use of horses, but confined to facilities provided in the interests of social welfare with the meaning and so as to satisfy the requirements of the Recreational Charities Act 1958; and (4) to prevent cruelty to and promote the welfare of horses.

Significant activities

The provision of premiums to Cleveland Bay breeders encourages Cleveland Bay breeding and subsidises breeding costs in order to improve breed population and genetic viability. Promoting the Cleveland Bay through the annual magazine, newsletters, shows and other direct promotion, including the website and social media, provides a framework for Cleveland Bay breeders and enthusiasts to engage with each other, exchange views and promote awareness and use of the Cleveland Bay.

Page 1

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MAY 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity continues to battle with the cost-of-living crisis and the subsequent effects this has on the membership and breeding programs. Horse shows continue to provide Cleveland Bay classes although entry numbers were still low relative to the pre-Covid era, at least in part because of the high cost of fuel. However, it has been noted that numbers across the board for showing are down compared to pre-Covid levels. We continued to provide a breed stand at the Royal Windsor Horse Show and the Great Yorkshire Show, all of which generated interest and revenues from merchandise sales. We have re-established some fund-raising activities in the form of the 100 Club and a raffle for sawdust kindly donated by A W Jenkinson Forest Products. Although they have raised additional income, we are still experiencing the financial effect of the cost of living.

We were able to use the HBLB grant we secured in June 2023 to provide support to breeders and horse show participants to promote the breed.

overseas members remains successful along with breeding registrations website became operational in late June 2023. The new the interested public and promotion of the breed. The new extra communication with viewers of the site. The Breed Show in conjunction with Sport Horse Breeders of held at Addington. This new location proved to attract continued as previous years, with the members obtaining are awarded towards the CBHS trophies, and the trophies are 2023 the CBHS trialled the new Cleveland Bay Challenge. the world and attracted 30 entrants and generated a small of the breed and offered a support network. Entrants at 243, this is broken down as 192 UK members and 51 meetings via Zoom throughout 2023 and a total of 7

Providing free registrations for our overseas members remains successful along with breeding grants. The registrations must now be applied for within 6 months of age to bring the overseas registrations in line with the DEFRA rules the UK abides by. Both have been received well.

The new www.ClevelandBay.com website became operational in late June 2023. The new platform has allowed for much better communication with the interested public and promotion of the breed. The new website allows for photos and videos to be added to provide extra communication with viewers of the site. The feedback regarding the new website has been really positive.

The CBHS continues to be part of the Amazon Smile Charity pick list, and this does furnish a small revenue stream.

We held our 2023 CBHS National Breed Show in conjunction with Sport Horse Breeders of Great Britain's National Supreme Hunter Championships held at Addington. This new location proved to attract a few of our members, however, to sustain this affiliation it is felt we need to attract a greater number of entries for 2024. The Performance Scheme for 2023 continued as previous years, with the members obtaining points by attending shows and promoting the breed. Points are awarded towards the CBHS trophies, and the trophies are presented at the Annual General Meeting in October. In 2023 the CBHS trialled the new Cleveland Bay Challenge. This was open to all members and non-members around the world and attracted 30 entrants and generated a small income. It was a great way to show case the versatility of the breed and offered a support network. Entrants to the Challenge received donated and sponsored prizes and rosettes.

Our membership currently stands at 243, this is broken down as 192 UK members and 51 Overseas from 5 different countries.

Trustees continued to conduct council meetings via Zoom throughout 2023 and a total of 7 Council meetings were held, with approved minutes posted to our website for member access.

In October 2023 at the Annual General Meeting, the membership voted on the proposed new Articles of Association. The Articles attained over 75% approval from the membership, therefore they are now constructed in line with the Charity Commission guidelines. The Articles have been approved by the Charity Commission and have been uploaded to the new website.

FINANCIAL REVIEW

Investment policy and objectives

The CBHS has the power to make any investments as authorised by the trustees.

Page 2

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2024

FINANCIAL REVIEW

Reserves policy

It remains the policy of the company to maintain unrestricted funds, which are the free reserves of the charity, at a level to provide sufficient funds to cover management and administration costs. The adequacy of the reserves policy is reviewed annually.

Archive material

The Society holds a variety of archive material that is not included in either fixed assets or stock as there is no known historical cost. A professional valuation of the material was conducted during the year ended 31 May 2015 and it was estimated to be worth around £12,000. A selection of these items is currently stored at the North Yorkshire Records Office (NYRO) and can be seen by prior arrangement.

Not all of the archived material is held by the NYRO and duplicate copies of some of the old stud books and magazines are currently being sold by auction or at our trade stand at shows.

FUTURE PLANS

We continue to work with the Rare Breeds Survival Trust to promote the use of SPARKS type breed management by other breeds and to secure a more resilient future for our own scheme. The Cleveland Bay Horse Society also works with partner organisations to assist with positive promotion and support for our breeders with their breeding programmes. We continue to look into modern advances in breeding technologies and how these can be used effectively by our members.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Cleveland Bay Horse Society of the United Kingdom was formed as a private limited company under a memorandum & articles of association on 6 July 1886.

The company has no share capital and is limited by guarantee.

On 11 March 1986, the Cleveland Bay Horse Society of the United Kingdom was accepted as a registered charity.

Recruitment and appointment of new trustees

All trustees are Directors and Council members. Members of council are elected for a 3 year term. The society members elect new council members annually.

Organisational structure

The policy and general management of the affairs of the company are directed by a council, which consists of up to 15 trustees. The current council has 13 members from which a Chair and Deputy Chair are appointed. The day-to-day office duties are carried out by a volunteer, who consults with the chief officer, committee chairs, treasurer, chair, company secretary, and members of the council as required. The council meets at least 6 times a year, or as and when necessary.

Risk management

The society reviews risk at its council meetings and an accounts overview forms part of these scheduled meetings. The principal identified risks have included loss of revenue due to reduced numbers of passports being issued during the pandemic. Passport issuance was improved in 2022/23 and continues in 2023/24..

The office continues to be run and operated by a volunteer. Council has started to investigate how to future proof the office operation to ensure continued registration of Cleveland Bays and other equines and the operation of Society business.

There is also an historic problem with UK membership recruitment and retention, however, the overseas membership is still increasing.

Page 3

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MAY 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

00022866 (England and Wales)

Registered Charity number

293872

Registered office

4 Wharfe Mews Cliffe Terrace Wetherby West Yorkshire LS22 6LX

Trustees

Margaret Rose Brown (appointed 23 October 2022) Peter Dallow (appointed 17 April 2023, resigned 21 October 2023) Henry Appleby Edmunds

Beverley Crispin Heffernan Elaine Keith (appointed 23 October 2022) Sarah Kirk (appointed 23 October 2022) Lynn Knight (appointed 23 October 2022, term expired 26 February 2023) Catherine Margaret Lea (appointed 23 October 2022) Katherine Jayne Lines (resigned 22 February 2024) Claire O'Connell (appointed 25 October 2023) Lesley Ann Orange Norma Wilson Heidi Lorefice (appointed 16 November 2023) Daniel Cracknell (appointed 25 October 2023) Karen Wylie (appointed 23 October 2022) Helen Lane (appointed 25 October 2023)

Treasurer Peter Dallow Company Secretary Beverley Heffernan

Independent Examiner

Peter Howard & Co 4 Wharfe Mews Cliffe Terrace Wetherby West Yorkshire LS22 6LX

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Cleveland Bay Horse Society of the United Kingdom (Limited by Guarantee) for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2024

TRUSTEES' RESPONSIBILITY STATEMENT - continued

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

This report was accepted by the Trustees at a meeting held on ............................................. and signed on their behalf by:

........................................................................ Catherine Margaret Lea - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

Independent examiner's report to the trustees of Cleveland Bay Horse Society of the United Kingdom (Limited by Guarantee) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (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 Company 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

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

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.

Simon C Foreman

Peter Howard & Co 4 Wharfe Mews Cliffe Terrace Wetherby West Yorkshire LS22 6LX

Date: .............................................

Page 6

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024

DRAF
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations, grants and legacies
3,379
Charitable activities
Charitable activities
11,295
Other trading activities
2
757
Investment income
3
1,064
Total
16,495
EXPENDITURE ON
Raising funds
1,675
Charitable activities
Charitable activities
3,247
Other
6,795
Total
11,717
NET INCOME/(EXPENDITURE)
4,778
Transfers between funds
10
(5,300)
Net movement in funds
(522)
RECONCILIATION OF FUNDS
Total funds brought forward
75,682
TOTAL FUNDS CARRIED FORWARD
75,160
 T
Restricted
fund
£
26,500
-
-
-
26,500
-
29,442
187
29,629
(3,129)
5,300
2,171
11,990
14,161		 31.5.24
Total
funds
£
29,879
11,295
757
1,064
42,995
1,675
32,689
6,982
41,346
1,649
-
1,649
87,672
89,321		 31.5.23
Total
funds
£
23,462
17,840
1,343
286
42,931
1,835
39,033
17,147
58,015
(15,084)
-
(15,084)
102,756
87,672

CONTINUING OPERATIONS

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes form part of these financial statements

Page 7

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

BALANCE SHEET 31 MAY 2024

31.5.24 31.5.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 24,536 - 24,536 24,639
CURRENT ASSETS
Stocks 7 1,620 - 1,620 1,994
Debtors 8 1,067 - 1,067 961
Cash at bank and in hand 56,728 14,161 70,889 67,922
DRAFT
59,415
14,161
73,576
70,877
CREDITORS
Amounts falling due within one year
9
(8,791)
-
(8,791)
(7,844)
NET CURRENT ASSETS
50,624
14,161
64,785
63,033
TOTAL ASSETS LESS CURRENT
LIABILITIES
75,160
14,161
89,321
87,672
NET ASSETS
75,160
14,161
89,321
87,672
FUNDS
10
Unrestricted funds
75,160
75,682
Restricted funds
14,161
11,990
TOTAL FUNDS
89,321
87,672
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yea
ended 31 May 2024.
The members have not required the company to obtain an audit of its financial statements for the year ende
31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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

The notes form part of these financial statements

continued...

Page 8

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

BALANCE SHEET - continued

31 MAY 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

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

............................................. Catherine Margaret Lea - Trustee

............................................. Peter Dallow - Trustee

The notes form part of these financial statements

Page 9

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Recognition of assets and income

Income is recognised in the Statement of Financial Activities (SoFA) when a transaction or other event results in an increase in the charity's assets or a reduction in its liabilities. Income is only recognised in the accounts when all of the criteria regarding entitlement, probability and measurement are met.

assets or a reduction in its liabilities. Income is only in the accounts when all of the criteria regarding Betting Levy Board restricted grant, the income is recognised in the accounts when all of the criteria regarding recognised when its receipt is probable and the amount of a charity's resources that have been spent or otherwise in either a decrease in the charity's assets or an increase recognised in the financial statements when all of the criteria

Recognition of donations and legacies

Income is only recognised in the accounts when all of the criteria regarding entitlement, probability and measurement are met. In the case of a donation, entitlement arises immediately upon its receipt.

Recognition of grant income

In the case of the Horserace Betting Levy Board restricted grant, the income is recognised in the accounts on the accruals basis.

Recognition of charitable activities income

Income is only recognised in the accounts when all of the criteria regarding entitlement, probability and measurement are met.

Recognition of investment income

Income from interest is recognised when its receipt is probable and the amount receivable can be measured accurately.

Recognition of resources expended

Expenditure is the amount of a charity's resources that have been spent or otherwise used in carrying out its activities. An expense results in either a decrease in the charity's assets or an increase in its liabilities. Liabilities and expenditure are only recognised in the financial statements when all of the criteria regarding entitlement, probability and measurement are met.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment - 15% on reducing balance Computer equipment - 33.3% on reducing balance

Trophies are not depreciated and are included at their market value. This is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated.

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 10

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors

Short term debtors are measured at transaction price, less any impairment.

2. OTHER TRADING ACTIVITIES 31.5.24 31.5.23 £ £ Show Income 475 882 AGM Income 282 461 757 1,343 3. INVESTMENT INCOME 31.5.24 31.5.23 £ £ Deposit account interest 1,064 286 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.5.24 31.5.23 £ £ Depreciation - owned assets 303 374 5. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year

There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.

continued...

Page 11

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

6. TANGIBLE FIXED ASSETS

Plant and Computer
equipment Trophies equipment Totals
£ £ £ £
COST OR VALUATION
At 1 June 2023 5,524 22,825 2,474 30,823
Additions - 200 - 200
At 31 May 2024 5,524 23,025 2,474 31,023
DEPRECIATION
At 1 June 2023 3,877 - 2,307 6,184
DRAFT
Charge for year
247
-
56
At 31 May 2024
4,124
-
2,363
NET BOOK VALUE
At 31 May 2024
1,400
23,025
111
At 31 May 2023
1,647
22,825
167
Cost or valuation at 31 May 2024 is represented by:
Plant and
Computer
equipment
Trophies
equipment
£
£
£
Valuation in 2022
-
10,185
-
Cost
5,524
12,840
2,474
5,524
23,025
2,474
If trophies had not been revalued they would have been included at the following historical cost:
31.5.24
£
Cost
12,840		 303
6,487
24,536
24,639
Totals
£
10,185
20,838
31,023
31.5.23
£
12,640
7. STOCKS
31.5.24 31.5.23
£ £
Closing stock of souvenirs 1,620 1,994

During the year ended 31 May 2015, archive material was professionally valued and its current market value was estimated to be £12,000.

The Society also has a stock of frozen semen in storage at Stallion AI Services Ltd consisting of the following:

Penrhyn Tsar 11 doses
Bantry Bere 10 doses
Whitehouse Statesman 20 doses
Oakenbank Grenadier 20 doses
Penrhyn Aristocrat 15 doses
Fenton 40 doses

continued...

Page 12

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

7. STOCKS - continued

The Society pays for storage of the semen and may occasionally sell it at prices to be negotiated with the purchaser and in compliance with agreements that may have been made with the donors.

No historical cost regarding this archive material or frozen semen has previously been included within closing stock and neither is included in the above stock valuation.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24 31.5.23
£ £
9.
10.		 DRAFT
Prepayments and accrued income
1,067
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24
£
Trade creditors
564
Deferred income
5,827
Accruals
2,400
8,791
MOVEMENT IN FUNDS
Net
Transfers
movement
between
At 1.6.23
in funds
funds
£
£
£
Unrestricted funds
General fund
75,682
4,778
(5,300)
Restricted funds
Horse Race Betting Levy Board
11,990
(3,129)
5,300
TOTAL FUNDS
87,672
1,649
-		 961
31.5.23
£
2,151
3,473
2,220
7,844
At
31.5.24
£
75,160
14,161
89,321
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 16,495 (11,717) 4,778
Restricted funds
Horse Race Betting Levy Board 26,500 (29,629) (3,129)
TOTAL FUNDS 42,995 (41,346) 1,649

continued...

Page 13

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
Transfers
movement
between
At
At 1.6.22
in funds
funds
31.5.23
£
£
£
£
Unrestricted funds
General fund
89,681
(9,699)
(4,300)
75,682
Restricted funds
DRAFT
Horse Race Betting Levy Board
13,075
(5,385)
4,300
11,990
TOTAL FUNDS
102,756
(15,084)
-
87,672
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
Unrestricted funds
General fund
21,431
(31,130)
(9,699)
Restricted funds
Horse Race Betting Levy Board
21,500
(26,885)
(5,385)
TOTAL FUNDS
42,931
(58,015)
(15,084)
Purposes of unrestricted funds
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charita
objectives.
Purpose of restricted funds
Restricted funds consist of the HBLB Grant. The purpose of the grant is to increase awareness of the Clevela

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objectives.

Restricted funds consist of the HBLB Grant. The purpose of the grant is to increase awareness of the Cleveland Bay horse and set up a programme to encourage breeding of foals to help to take the breed out of the rarest RBST Category 1 and ensure the continuation of the breed.

Transfers between funds

During the year, £5,300 of unrestricted funds were transferred to restricted funds to cover the Cleveland Bay Horse Society's 20% contribution towards the HBLB Grants received, in line with the conditions of receiving the Grant.

continued...

Page 14

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

11. RELATED PARTY DISCLOSURES

It is a requirement of the Society for all trustees to be members. As at 31 May 2024, all members had paid their subscriptions.

Page 15

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024

31.5.24 31.5.24 31.5.23
£ £
INCOME AND ENDOWMENTS
Donations, grants and legacies
Donations, Grants and HBLB 29,879 23,027
Friends of the Society - 435
29,879 23,462
Other trading activities
Show Income 475 882
AGM Income 282 461
Investment income
Deposit account interest
Charitable activities
Subscriptions
Stud book sales
Inspection and premium income
Pure and part breed fees
Promotion goods sold
British horse passport income
Overseas registrations
Magazine and advert income
DNA testing
Prefix income
Microchips
Performance award scheme
Sundry receipts
Postage and packaging income
Shavings raffle
100 Club
Total incoming resources		 DRAFT
757
1,064
6,353
40
75
2,100
790
40
360
40
500
210
15
(15)
69
30
532
156
11,295
42,995		 1,343
286
8,566
1,177
45
2,740
1,910
440
595
300
1,226
525
15
95
-
206
-
-
17,840
42,931
EXPENDITURE
Raising donations and legacies
Insurance 1,211 1,096
Bank charges 161 365
Depreciation of tangible fixed assets 303 374
1,675 1,835

This page does not form part of the statutory financial statements

Page 16

CLEVELAND BAY HORSE SOCIETY OF THE UNITED KINGDOM (LIMITED BY GUARANTEE)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024

31.5.24 31.5.24 31.5.23
£ £
Raising donations and legacies
Charitable activities
Sundries - 254
Stock movement 374 5,580
Stallion, mare and foal premiums 14,650 14,175
DNA testing 2,023 2,240
Semen expenses 1,248 4,064
Show and stallion show expenses 5,790 4,643
Prefix expenses 205 500
Advertising - 200
Computer website costs 218 1,905
Passport expenses
Pre breeding patrons gift
Overseas registration grants
CEM grant
Tissue banking
AI Mare Grant
Mare travelling grant
Show sponsors awards and prizes
Other
Postage and telephone
PIO support
Computer software expenses
Annual meeting expenses
Printing and copying
Accountancy fees
Legal and professional fees
Donations
Total resources expended
Net income/(expenditure)		 DRAFT
108
900
900
1,760
894
1,408
1,319

892
32,689
1,423
188
1,120
378
1,051
2,508
314
-
6,982
41,346
1,649		 -
1,003
1,445
-
624
2,400
-
-
39,033
1,948
142
1,279
1,838
1,344
2,190
7,781
625
17,147
58,015
(15,084)

This page does not form part of the statutory financial statements

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