REGISTERED COMPAJIY NUMBER: N1029866 (Northorn Iroland) REGISTERED CHARITY NUMBER: 104495 Report of th• Twustee$ and Unaudlt•d Flnanclal Statements for the Year Endod 31 December 2024 Markethill Horse and Pony Driving Club Limited S.M. Wint & Company Chartered Certified Accountsnts 8 Newry Road Banbridge Co. Down 8T32 3HN
11a01h1ll HorJe and Pony Driving Uub Llmlt Report of the Trustees 1 10 2 Independent Examlnefs Report Slaloment of Finandal P£ttvhlos 5 10 6 Notss to Finandal Sl*m 7 10 11 tletalled slateffl of Flnanclal A¢ll¥lttes 12
Markethill Horso and Pony Driving Club Limited Report of the Trustees for the Year Endod 31 Decomber 2024 The trustees who are also directors of the tharity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted Ihe provisions of Accounting and Reporting by Charities: Statement of Recommended Pra0 applicable to charilies 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 (11 The advanc*ment of educatÈon (2) The advancement of citizenship or community development (3} The advancement of amateur swrt (4) The advancement of animal welfare Significant activities (11 Por)y drives that take place every two weeks during th& summer months. (21 Monthly meetings for members and int8rested partiès Ihat tak8 plac8 throughout the year. (3) Educational field trips. including visiting veterinary establishments. (41 A number of SOGial events open to the general public, including barbecues in the summer and supper dances in the wintér month. (5) Other social activities throughout the year, again open to the general public, that we organise in cooperation with other local community groups Public benefft The benefits that flow trom our purposes are many and diverse and include members and the general public. Members derive a number of important benefits from the dub. These include an increased sense of camaraderiè and solidarity that come from collective activities. which member5 would not be able to undertake as indivKJuals. Members also benefit greatly from an enriching peer-tovpeer leaming environment and obtain a sense of empowerment as a result. Members gain in knowledge and experience through the club. which enhances th& safety of drivers and horses alike. Members also benefit by way of increased familiarity wth and enjoyment from the countryside. Finally. members experience improved mobilty and derive health benefrts through outdoor activities. These benefits are evidenced through direct feedback from members al our events and monthly meetings. Another important Ple of evidence that the club is produ these beneftls is th@ fact that members stay and new members join year after year. Non-members also enjoy a number of important public benefrts. FirsL club leads to an increased interest in equestrian matters and activities among the general pu1¢. Second. the club provides a space for the general public lo come together as spectators at drives, which produces enjoyment in a safe and relaxing environment. Evidence that these latter category ol benefits are produced comes directly from positive feedbad( from spectators and high attendance levels at our club events. Page 1
IAarkothill H¢Y4e Drfving Club Llmlted STRucfuRE. GOVERNANCE AND MANAGEIAEI Governing document Th8 charity is contrdled by ts governing Oxument. a deed of trust. and constitutes a limited Try)any. limited by guarantee. a5 defin ty the mpanIeS JW 2006. REFERENCE AND ADMINISTRATIVE DETAILS Regi5t•red C(Knpany number N1029866 (Northern Ireld) Registerèd Charity number 104495 24 BeechlaTrJs Banbridge Co. Down BT32 3RJ C McLoughl R Mayne BEM D Armslrong Mrs L Ditkjn Mrs S E Stewart Mts P Corr Independent Examlner S.M. Vinl & Company Chartered Certified Accountants 8 Newry Road BarFbrEdg8 Co. Down BT32 3HN Approv1 ty order of the IK>ard of trustees on 21 Febwary 2025 and signed on its bthaSf ty. R Mayne BEM- Trustee
Indapendont Examinarfs Roport to the Trusteas of Markethill Horse and Pony Driving Club Llmited Independent examiner's report to the tNstee8 of Markathill Horse and Pony Drlvlng Club Limited (Ihe Company.) I report to the charity trustees on my examination of the accounts of the Company for Ihe year ended 31 December 2024. Rgsponsibilitlos and basis of report As the charitys trustees of the Company (and also its directors for the purposes of company law) you are sponsible for the preparation of the accounts in accordance with Ihe requirements of the Campanies Act 2006 ('the 2006 Acr). Having satisfied myself that the accounts of the Company are not required to be audited und8r Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my 8xamination of your charitvs acCuntS as Caled out under SectKin 145 of th8 Charities Acl 2011 {'Ihe 2011 Act.). In caryng out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examIn8S 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: accounting records Wre not kept in respect of the Company as raquired by 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 of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is nol a matter onsidered as part of an independent examination: the accounts have not been prepared in accordance the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities (applicable to charities prepanng th8ir accounts in accordance wilh the Financiai Reporting Standard applicable in th8 UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reathetj. T. Vint FCCA S.M. Vint & Company Chart8r8d Certtfièd Accountsnts 8 Newry Road Banbridge Co. Down BT32 3HN 21 February 2025 Page 3
IAarkothill Horse and Pwry 1¥In9 Club Llmited 2024 Unreslri¢ted fund 2023 Totst funds Note5 INCOME AND ENtX)WMEIITS FROM DOnats and legacies EXPENDITURE ON Raisiry funds (109> 1.194 T¢Jtal 144 1,194 NEf INCOMENEXPENDITURE) (79} {1.128) RECONCILIATION OF FUNDS Total funds brought forward 4.815 S.13 TOTAL FUNDS CARRIED FORWARD 4.736 4,815 The teS fonn part of these fiar1 slaements
Markethill Horse and Pony Driving Club Llmlted Balance Sh••t 31 December 2024 2024 Unrestricted fund 2023 Total funds Notes CURRENT ASSETS Cash at bank and in hand 4.917 5.215 CREDITORS Amounts falling due wtihin one year (181) (4001 NET CURRENT ASSETS 4.736 4.815 TOTAL ASSETS LESS CURRENT LIABILMES 4,738 4,815 NET ASSETS 4,736 4,815 FUNDS Unrestricted funds 4.736 4,815 TOTAL FUNDS 4,736 4.815 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 Dember 2024 in accordance with s8cb.on 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply wlth Seclions 386 and 387 of the Companies Act 2006 and Ib) 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 accdance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of Ihe Companies Act 2006 relaling to financial statetnents, so far as applicable to the charitable company. The notes fomi part of these financial statements Page 5 continued...
M*ethill Hor4e and Pony Driving Club Llmlted These finanaal StateMts he been prepatJ in ac£ordance with the txovisions awAi(th to charltable companie5 suty'ecl to Ihe small companies regwn& The financial statemerrts were approv1 by the Board of Tntee5 and alrIsed for i&we on 21 FetKuary 2025 and signed on tts behalt lry: R Mayne BEM- Trustee ayne 6 i=. Tre mtes fotm part of thw finarrial slaements
Markethill Horso and Pony Driving Club Limited Notes to th8 Financial Statements for the Y08r Ended 31 D8c8mber 2024 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statement5 of the charita0 company. lch is a public benèfit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Ac¢ounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance yth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effeclive 1 January 20191,, Financial Reporting Standard 102 'The FinancAI Reportin9 Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The tinancial statements have been prepared under the historical cost conventKJn. Income All incom8 is r8cognis8d in the Statement of Financial Activities once th8 charty has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expendtlure as soon as there is a legal or constructive obligation cA)mmitting the charity to that expenditure. it is probable that a transfer of economic benefits will b8 r8quir8d in settlement and the amount of th8 obligation can be measur8d r81iably. Exp8nditure is accounted for on an accruals basis and has been dassified under headin95 that aggregate all Cost related to the category. Where costs cannol be directly attributed to particular headings they have been allocated to aCtitieS on a basis consistent with the use of resource5. Taxation The charity is exempt from corporation on its charitable actNiti8S. Fund accounting Unrestricted funds can be used in accordance viith the charitable objective5 at the discretion of the trustees. Reslricled funds can only be us8d for particular restricted purposes within the objects of the charity. Restrictions arise wthen specified by the donor or when funds are raised for particular Stricted purpos&s. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 7 continued...
Markethlll Horn• arnl Pony Driving Club Limlted Notes to the Financial Statwnent8. COThtlnu f( the Year Ended 31 December 2024 RAISING FUNDS Ralslng donat10 and legacles 2024 2023 Suwt costs 253 TRusfEES' REMUNERATION ATr4D BENEFITS There e no trustees, remunerath)n or otrf benerrts for the year ended 31 Dewnber 2024 nor fN the y&ir ended 31 DMb 20fJ. The were Tr) Irustees. expSeS paMJ for the 31 DwiLw 2024 for the year lled 31 DeL*mber 23. COMPARATIVES FOR THE STATEMEiif OF F114ANCIAL ACTivrriES UnreStricj fund INCOME AND ENDOVIMEKfs FROIA Lknalions and legteS EXPENDtfuRE ON Other 1.194 NEf 1NCOMEI{EXPENtruREJ (1.128) RECONaLIATION OF FUhlDS Tolal funds brought fopwad 5,943 TOTAL FUNDS CARIOEO 4.815 Page 8 c(ntinued..-
Markethill Horse and Pony Driving Club Limited Notes to the Financial Stalements- conttnued for the Year Ended 31 December 2024 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accrued expenses 180 400 181 400 MOVEMENT IN FUNDS Nèt movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 4,815 {79) 4,736 TOTAL FUNDS 4,815 (79) 4,736 Nel rnovemenl in funds. induded in the above are as follows- Incoming Resources Movement resources expended in funds Unre$trl¢ted fund8 General fund 65 (144) (79) TOTAL FUNDS 65 (144) 179) Comparatives for movement In funds Net movement n funds At 31.12.23 At 1.1.23 Unrestrlctad funds General fund 5,943 (1,128) 4.815 TOTAL FUNDS 5.943 (1.128> 4.815 Pa3e 9 continued..
Markethill Horse arml Pony Driving Club Llmltod Notos to tho Finandal Statements . conllnued for the Yoar ENled 31 December 21124 MOVEMEKf IN FUNDS- contlnu Cfflipwative net vement in funds. indudwj in atthie we as follrn: Incoming Resources Nkniement resources eypend&J in frjnds UnrEstrfcled lurKIs General fund (1.194) (1,128) TOT FUNDS (1,194) {1,128) A current year 12 monlhs and Prior year 12 ThnthS combird position is as follows: Net ovement funds At 1.1.23 31.12.24 Unrestslctsd fvnds General fund 5.943 f1.207) 4.736 TOTAL FUNDS (1.207) 4.736 A >Jrrent year 12 months and prior yeJ 12 months comlxned net movernent in funds. induded in Ihe atrx)ve are as fcAIows". Incoming Resources lknement resources expended in funds Unr•strf¢tod fuTrds General fund 131 {1.338) {1,207) TOTAL FUNDS 131 (1,338) (1.207) e10 c(mtinued...
Markethill Horso and Pony Driving Club Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2024 RELATED PARTY DISCLOSURES There were related paty transactions for the year ended 31 December 2024. Page 11
mathI11 Hfje and kny Oriving Club Llffliled tlotailed Statemthl of Flnancial Adlvllios for the Yw Ended 31 December 2024 2024 2023 INCOME AND ENDOIVTrIEKrs Donalions and legacies Gifts Members subscriptiortrs 65 Totsl incoming resourc EXPENDITURE Support costs IAanagement Donations and gifts SuThdries Annua5 dner 275 13 318 103 153 606 Financa Bank charges 31 Accountancy and legal fees Exceptional items {40} 400 150 140) TotaF resour(*s eXded 144 Net expenditurfj (79} (1,128) This page thes not form part of statutory financia statements Page 12