COMPANY REGISTRATION NUMBER: N1041520 CHARITY REGISTRATION NUMBER: NIC102497 Raleagh Equine Rescue Limited Company Limited by Guarantee Financial Statements 30 September 2022
Raleagh Equine Rescue Limited Company Limited by Guarantee Financial Ststements Year ended 30 September 2022 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) statement of financial position Notes to the financial statements 10
Page 1 Raleagh Equine Rescue Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 30 September 2022 The Irustees, who are also th¢ directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2022. Reference and administrative details Registered ebarity name Raleagh Equine Rescue Limited Charity registration number NIC102497 Company registration number N1041520 Principal otTice and registered I l O Drumnaconnagher Road office Crossgar County Down BT30 9JJ The trustees Mr R G Riddall Mrs D A Riddall Mr K L I Stewart Mrs A Hughes Miss L Stewart Mr B Roycroft Company secretary Mr B Roycroft Independent examiner David Kiiox for and on behalf of Johnston Graham Limited Chartered Accountants 2161218 Holywood Road Belfast BT4 IPD Structure? governance and management Governing Document The organisation is a charitable company limited by guarantee, incorporated on 13 September 2001 and registered as a charity on 15 October 2001. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is govemed under its Articles of Association. In the event of the company being wound up meinbers are required to contribute an amowit not exceeding £6.
Page 2 Raleagh Equine Rescue Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) f¢ontlnue(l) Year ended 30 September 2022 Structur& governance and management (eontiftu¢d) Recruitment and Appoilltmellt of Management Committee The directors of the company are also charity trustees for the purpose of charity law and under the company'5 Articles are known as mernb¢rs of th¢ Management Committee. Under the requirements of the Memorandum and Articles of Association th¢ members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual Generdl Meeting. MT R G Riddall and Mr B Roy¢roft retire by rotstion and, being eligible. offer themselves for re-election. Objectives and activities The company's obje¢tives and principal activities are to: Prevent and relieve cruelty to horses, to protect them from unnecessary suffering, and by making arrangements for the adoption of such animals and to promot¢ knowl¢dg¢ of th¢ir prop¢r care and treatment among the public. Ameliorate the pain and suffering of horses which are for any reason unfit for work or in need of care by the provision, rnaintenance and management of a home of rest or homes of resl or by the provision of suitable work under the supervision of the Company or by arranging for their painless destruction or by any combination of such means as aforesaid. Achievements and performance The company continues to develop the fannyard by updating the outhouses and sheds and other accommodation for the equines. Plant and machinery was also renewed, repaired or replaced as necessary. Flnancial revlew The charity's incoming resources have decre&sed over the year, decre&8ing from £109,582 to £96,114. In addition the charity has experienced an increase in its resources expended from £78,942 to £84,459. The net incoming resources for the year were £1 1,655 (2021 £30,640) before a net loss on investments of £1,591 (2021 a net gain of £37,077), and a revaluation loss of £92,529 on investments (2021 a gain of £215,776).
Page 3 Raleagh Equine Rescue Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 30 September 2022 Plans for future periods The charity plans to continue its objectives outlined above. During the following year it is hoped to organise, sponsor and conduct (whether alor]e or with oihers) equine events and visits to the sanctuary by interested parties. COVID 19 Du¢ to the impact of Covid 19, the investment income has shown decrease this year. companies are retaining their cash reserves until the position has become more clear. This has not impacted on the liquidity nor the operational capability of the charity. RESPONSIBILITIES OF THE TRUSTEES The trustees (who are also the directors of Raleagh Equine Rescue Limited for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statemenls in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied thal they give a true and fair view of the state of affairs of the charitable company and the incom¢ and expenditure of the charitable company for that period. In preparing these financlal statements, the trustees are required to: select suitable accounting policies and then apply them consistently> observe the methods and principles in the Charities SORP. make judgements and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subjecl to any malerial departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will Continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasoiiable accuracy at any time the financial position of the charitable company and enable thein to ensure that the financial statements comply with the Companies Act 2006. The trustees 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.
Page 4 Raleagh Equine Rescue Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continuedj Year ended 30 September 2022 Small company provisions This report h&$ been prepared in accordance with the provisions applicable to companies entitled to the small companies exetnption. The trustees, annual report was approved on 15 June 2023 and signed on behalf of the board of trustees by.. Mr K L I Stewart Trustee