REGISTERED COMPANY NUMBER: N1029866 (Northern Ireland) REGISTERED CHARITY NUMBER: 104495 Report of the Trustees and Unaudlted Flnanclal Statements for tho Year Ended 31 Decomber 2023 for Markothlll Horse and Pony Drlvlng Club Llmlted S.M. Wint & Company Chartered Certified Accountants 8 Newry Road Banbridge Co. Down BT32 3HN
Markethlll Horse and Pony Drmng Club Umlted Contents of the Flnancial Statements for the Year Ended 31 December 2023 Page Report of the Trustees Independent Examlnefs Report Statement of Flnancial Activhles Balance Sheet 6 to 7 Notes to the Financial Statements 8 to 10 Detalled Statement of Financlal Actlvltles 11
Markethill Horse and Pony Drfvlng Club Limited Report of the Trustees for the Year Ended 31 December 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial ststements of the charity for the year ended 31 December 2023. The Irustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Financial Reporting stsndard applicable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019). INCORPORATION The charitsble company was incorporated on 18 August 1995. OBJECTIVES AND AcnvmES Objectlves and alms (1) The advancement of education {2) The advancement of atizenship or community development {3) The advancement of amatsur sport {4) The advancement of animal welfare Slgnlflcant actlvltles {1) Pony drives that take place every two weeks during the summer months. (2) Monthty meetings for members and interested parties that take place throughout the year. (3) Educational f*ld trips, induding siting veterinary estsblishments. (4) A number of social events open to the general public. induding barbeaEs in the summer and supper dances in the winter month. (5) Other social activities throughout the year. again open to the general public, that we organise in cooperation with other local communty groups Page 1
Markethlll Horse and Pony Drivlng Club Limlted Report of the Trust•es for the Year Ended 31 December 2023 OBJECTIVES AND ACTMTIES Publlc boneflt The benefits that flow from our purposes are many and diverse and include members and the general publlc. Members derive a number of important beneffts from the club. These include an increased sense of camaraderie and solidarity thal come from collective activities. which members would not be able to undertake as indmduals. Members also benefit greatly from an enrlching peer-to-peer leamlng environment and obtain a sense of empowemient as a result. Members gain In knowledge arKI experlence through the dub, whlch enhances Ihe safety of drlvers and horses alike. Members also benefit by way of Increased famlllarity wlth and enjoyment from the countryside. Finalty, members experience improved mobllity and derlve health beneffts through outdoor activitles. These beneffts are evidenced through dlrect feedback from members at our events and monthly meetings. Another important piece of evidence that the club is produced these benefits is the fact that members stsy and new members joln year after year. Non-members also enjoy a number of Important publlc beneffts. Flrst. the dub leads to an Increased Interest In equestrian matters and acllvltles among the general publlc. Second. the dub provkles a space for the general publlc to come together as spectators at drlves. whlch produces enjoyment In a safe and relaxlng environment. Evidence that these latter category of benefits are produced comes directly from positive feedback from spectators and high attendance levels at our dub events. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governlng document The charity Is controlled by Ils goveming doajment, a deed of trust, and conslltutes a limited company, limited by guarantee, as deflned by Companles Act 2006. REFERENCE AND ADMINISTRATIVE DEfAIL8 Reglstered Company number N1029866 (Northem Ireland) Reglsterod Charlty number 104495 Reglsternd offlco 24 Beechlands Banbrldge Co. Down BT32 3RJ Trustees C McLoughlin R Mayne BEM D Amistrong Mrs L Dillon Mrs S E Slewart Mrs P Corr Page 2
Markethill Horse and Pony Driving Club Limited Report of the Trustees for the Year Ended 31 December 2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner S.M. Vint & Company Chartered Certified Accountants 8 Newry Road Banbridge Co. Down BT32 3HN Approved by order of the board of trustees on 28 January 2024 and signed on its behalf by: Mayne BEM - Trustee Page 3
Independent Examlnerfs Report to the Trustees of Markethlll Horse and Pony Drivlng Club Umlted Independent examlnerfs report to the trustees of Markethlll Horse and Pony Drlvlng Club Limlted ('the Compan) l pOrt to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responslbllltles and basis of report As the charity's trustees of the Company (arKI 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 Acr). 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 charitys accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examinatson I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no matters have come to my attention In conneclM)n with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records: or the accounts do not comply wilh the accounting requirements of 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 methods and principles of the Statement of Recommended Practice for accounting and reportirvJ by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic of IrelarKI (FRS 102)). I have no concems and have come across no other matters in connection with the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. T. Vint FCCA S.M. Vint & Company Chartered Certified Accountsnts 8 Newry Road Banbridge Co. Down BT32 3HN 29 January 2024 Page 4
Markethlll Horse and Pony Drfvlng Club Llmlted Statement of Flnandal ktlvttlos for the Year Ended 31 December 2023 Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 66 EXPENDITURE ON Other 1.1g4 NET INCOMEI(EXPENDrruRE) {1,128) RECONCILIATION OF FUNDS Totsl funds brought forward 5,943 TOTAL FUNDS CARRIED FORWARD 4,815 The notes form part of these financial ststements Page 5
Markothlll Horse and Pony Drlvlng Club Llmlted Balance Sheet 31 December 2023 Unrestricled fund Notes CURRENT ASSETS Cash at bank and in hand 5,215 CREDITORS Amounts falling due within one year (400) NEf CURRENT ASSETS 4,815 TOTAL ASSETS LESS CURRENT LIABILITIES 4,815 NET ASSETS 4,815 FUNDS Unrestricted funds 4,815 TOTAL FUNDS 4,815 The charltable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Sectlon 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensurlng that the chaiitsble company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements whlch give a true and fair view of the slate of affalrs of the charitable company as at the end of each financial year and of its surplus or defKit for each financial year in accordance with the requirements of Seclions 394 and 395 and which otherwlse comply with the reqU1MentS of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes fomi part of these financial statements Page 6 continued...
Markethill Horse and Pony Driving Club Limited Balance Sheet - continued 31 December 2023 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 28 January 2024 and were signed on its behalf by.. Trustee The notes form part of these financial statements Page 7
Markethlll Horse and Pony Drlvlng Club Llmlted Notes to the Flnanclal Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charitable company, which Is a publlc benefit entity under FRS 102, have been prepared in accordance with the Charitles SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to charilies preparing thelr accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effective 1 January 2019),, Flnanclal Reporting Standard 102 The Flnanclal Reportlng Standard applicable In the UK and Republic of Ireland, and the Companles Act 2006. The flnancial statements have been prepared under the historical cost convention. Incomo All Income Is recognlsed In the Statement of Flnanclal Actlvltles onc8 the charity has entltlemenl to the funds, It18 probable that the Income will be recelved and the arnount can be measured rellably. Expendlturn Liabllltles are recognlsed as expendlture as soon as there is a legal or constructlve obllgatlon commlttlng the charity lo that expendlture.ll Is probable Ihat a transfer of economlc benefits will be requlred In settlement and the amount of the obligallon can be measured rellably. Expenditure is accounted for on an accruals basls and has been classified under headlngs that agggate all cost related to the category. Where costs cannot be directly attrlbuted to partlcular headings they have been allocated to actlvltles on a basls consistent with the use of resources. Taxatlon The charity is 8X8mpt from corporallon tax on Its charitsble acllvltles. Fund accountlng Unrestrlcted funds can be used In accordance wllh the charitable objectives at the dlscretlon of the trustees. Restrlcted funds can only be used for partlcular restricted purposes wlthin the objects of the charlty. Restrlctlons arise when specified by the donor or when funds are ralsed for partlcular restrlcted purposes. Further explanation of the nalure and purpose of each fund Is Induded in the notes to the financial ststements. Page 8 continued...
Markethlll Horse and Pony Drfving Club Llmited Notes to the Financlal Ststements - continued for the Year Ended 31 December 2023 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees. remuneration or other benefits for the year ended 31 December 2023. Trustees. expenses There were no trustees. expenses paid for the year ended 31 December 2023. CREDrroRS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR Accrued expenses 400 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund (1.128) 4.815 TOTAL FUNDS (1.128) 4.815 Net movement in funds. induded in the above are as follows: Incoming Resources Movement resources expended in funds Unrestrlcted funds General fund (1.194) (1.128) TOTAL FUNDS (1.194) (1.128) Page 9 continued...
Markethlll Horse and Pony Drlvlng Club Llmlted Notes to the Flnanclal Statements . contlnued for the Year Ended 31 December 2023 RELATED PARTY DISCLOSURES The were no related paty transactions for the year ended 31 December 2023. Page 10
Markethlll Horse and Pony Drivlng Club Limlted Detailed Statement of Financlal Actlvltles for the Year Ended 31 December 2023 INCOME AND ENDOWMENTS Donatlons and legacles Gifts Members subscriptions 65 66 Total Incomlng resources 66 EXPENDITURE Support costs Management Donations and gifts Sundries Annual dinner 275 13 318 606 Flnance Bank charges 38 Governance costs Accountsncy and legal fees Exceptlonal item8 400 150 550 Total resources expended 1,194 Net expendlture (1,128) This page does not fomi parl of the statutory financial statements Page11