PHIL'S FARM RIDING FOR THE DISABLED an Limited b Guarantee) REPORT AND FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 May2023 istered Charit Number- NIC 108642 Com an Re istration Number Nl 653304
CONTENTS PAGE PAGE Directors and Other Information Trustees Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet
DIRECTORS AND OTHER INFORMATION FOR THE YEAR ENDED 31 May 2023 Registered charity name Phil's Farm Riding forthe Disabled Charity number NIC 108642 Principal office 75 Cortamlat Road Altnamackin Newry Co. Down BT35 OEL Directors Ms V Donaldson Mr P J Brown Mr L McBride Mrs H E McKee Mr N Nugent Independent Examiner WHR Accountants Ltd Chartered Certified Accountants Statutory Auditors 56 English Street Armagh Co Armagh BT617LG Bankers Santander 63 Hill Street Newry BT34 IBT
i¥ar;¥i LE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 May 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, submit their annual report and the audited financial statements for the year ended 31 May 2023. The trustees have adopted the provisions of the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities issued in 2008 in preparing the annual report and financial statements of the charity. Reference and administrative details of the charit Details contained in Page 3. its trustees and advisers Structure Governance and Mana ement The charity is a charitable company limited by guarantee and was set up 25 May 2018. It is governed by a memorandum and articles of association. Its objects are to provide both able bodied and disabled riding lessons and pony trekking. Statement of trustees, res onsibilities The trustees are responsible for preparing the Annual Report and the financial Statements in accordance with applicable law and regulations. Law applicable to charities in Northern Ireland require the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. Sn preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards and statements of recommended practice have been followed; prepare the financial statements on the going concern basis unles5 It is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial p051tion of the charity and which enable them to ensure that the financial statements comply with (applicable law, regulations and trust deed}. They are a150 responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Risk assessment The trustees do not believe the company is subject to any substantial risks beyond the liabilities disclosed in the financia l accounts. It holds public liability insurance. The company has a formal risk assessment register, which is reviewed on a regular basis.
,.I-'PHIL;54FARM¥' continued... REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023 Ob ectives and activities To provide riding lessons and pony trekking for both abled bodied and disabled people. Achievements and erformance The Charity was unable to provide any riding lessons during the year due to Covid 19 and the restrictions imposed by the government. Flnancial Review The Charities only source of income during the year were grants that it received as detailed on page Inde endent Examiner WHR ACCOUNTANTS LTD has been appointed as independent examiner for the ensuing year. Re istered Office 56 English Street Armagh Co Armagh BT617LG Signed by. order of the trustees Mr P Brown Date: 26 January 2024
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF PHIL'S FARM RIDING FOR THE DISABLED Year Ended 31 Ma 2023 WE REPORT ON THE ACCOUNTS OF THE CHARITY FOR THE YEAR ENDED 31 MAY 2023 Res ective Res onsibilities of Trustees and Inde endent Examiner The charitvs trustee5 are responsible forthe preparation of the accounts. Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to state - on the basis of our examination - whether particular matters have come to our attention. Basis of Inde endent Examinerfs Statement Our examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on whetherthe accounts present a'true and fair view,. Inde endent Examinerfs Statement In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that proper books of account are kept; ond accounts are prepared which agree with the books of account and comply with the methods and principle5 of the Statement of Recommended Practice Accounting and Reporting by Charitie5. WHR Accountants Ltd Independent Examiner 56 English Street, Armagh, BT617LG Date 26 January 2024
NG INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 Ma 2023 31 5 2023 INCOME Grants:. RDA Northern Ireland EXPENSES Horse Welfare De reciation 500 175 675 EXCESS INCOME OVER EXPENDITURE 325 The financial statements were approved by the Board of Trustees on 26 January 2024, and signed on its behalf by Trustee
BALANCE SHEET AS AT 31 Ma 2023 FIXED ASSETS Tangible Assets 524 CURRENT ASSETS Cash at Bank 4.710 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Opening Balance at l June 2022 4,909 Sur lus for the ear 325 Closin Balance at 31 Ma 2023