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2025-06-30-accounts

The Big Hoof

(A company limited by guarantee)

Company No SC735407 Charity No SC 051797

REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS

For the year ended 30 June 2025

THE BIG HOOF

REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS

For the year ended 30 June 2025

CONTENTS Page Report of the Directors Independent Examiner’s Report 14 Statement of Financial Activities (incorporating the Income and Expenditure Account) 15 Balance Sheet 16 Notes forming part of the Financial Statements 17

1

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

The Directors, who are also trustees for the purposes of charity law, present their third annual report and financial statements for the year ended 30 June 2025.

The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and 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

Purposes

The Big Hoof was established to support charities, both in the UK and across Europe, with a focus on mental health, wellbeing & child welfare.

The objectives of the charitable company are to:

Aims and activities

To achieve its objectives the charity has established and agreed a system of governance between its Trustees, initiated a number of its own projects and awarded grants to other charitable organisations. This activity to date and the planned activities of the charity going forward are described in detail below.

GRANT AWARDED POLICY

In line with the objectives, the main recipients of funds from the charity for the foreseeable future will be other charities in the UK and across Europe.

ACHIEVEMENTS AND PERFORMANCE

This year we have created more journeys, workshops, events and talks than ever before. On a March weekend that saw everything from snow to sun, we held our first journey of the year, in aid of Alzheimer's Research UK. This was an important three days for all of us. Not only did we involve local communities as we travelled (from staying in a church to being hosted in village halls and tea rooms), but the 16-strong group were joined by a long-standing supporter of The Big Hoof who was recently diagnosed with Alzheimer’s. This spring journey was an example of a ride that brought all the things that make The Big Hoof what it is together: a space to forge new friendships; a unique experience in the beautiful outdoors; wild Scottish weather; an inclusion and a connection to local community: effective fundraising from all who joined, with over £4,000 raised for ARUK; a horse-led adventure (6 horses included on the trip); a diverse group of participants; and, of course, a pocket of time that was as wild and chaotic as it was releasing, safe, and free.

2

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (continued)

In May we continued this success in the lowlands with a wee long journey across the Fife Coastal Path (12 participants and 7 horses). This journey was in collaboration with the nationwide ‘Beach of Dreams Project’ - encouraging local groups across the UK to protect the coastlines. Starting in the west in Kincardine, we were honoured to be welcomed onto West Sands beach in St Andrews by over 100 people, food, silk flags in the sand, and a ceilidh.

Away from the journeys, this year saw the repeat of the Branching Out sessions. This continued collaboration allows folk experiencing mental health challenges to come to the farm and have a day of brushing horses, spending time in the walled garden, lighting a wee fire for marshmallows, creative writing, making apple juice, and walking. Further to this, with the release of Louis’ book In Green, documenting The Big Hoof journey across Europe, and Kiki’s documentary With Sand In Our Eyes, documenting her story of grief, the pair have participated in and/or hosted over 20 talks between them. These discussions or events always feature mental health, The Big Hoof and journeys with horses.

This year we are excited to continue to drive The Big Hoof into the most impactful direction we can, with the horse at the centre of it all. To date The Big Hoof has raised just over £99,000 for causes surrounding mental health, wellbeing and refugee welfare. With funds such as those received from The Mainhouse Trust, we can continue to create journeys around the UK in order to inspire human connection, adventure and better mental health.

Timeline

October - December 2024

February

March

May - June

3

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (continued)

THE LOCH TAY JOURNEY 2025

Route: 3 days along the north and east of Loch Tay (Tombreck community farm to Ardtalnaig estate) Distance: 35 miles covered.

Participants: 14 full-time participants, 2 one-day walkers, 6 horses and 2 dogs. Funds raised: £4,800 in total.

The Loch Tay journey had everything: snow, rain, wind, and sun. And beyond the weather, it was a journey that incorporated all of what The Big Hoof has to offer. On the first day we set off from Tombreck community farm as a newly formed group and headed into the Ben Laws hills. After wading across a stream, fighting off the cold, and finding our way in a glen of our own, we found a church to sleep in: Glen Lyon Church. Olive, to whom the journey was dedicated, had pre-organised food to be brought to the church. We played the piano, and all slept in the pews. After breakfast at the remote Glen Lyon cafe we continued, tracing the river Lyon east. After visiting the village of Fortingall (home to the oldest tree in Europe), we found food and sleeping mats awaiting us at the Fearnan village hall. We played music, cards, and Olive and her husband provided the food. On the final day we enjoyed a soup welcome from the community at the Kenmore Reading Rooms before basking in the sun - we finished with a swim in Loch Tay, some words from Olive on her experience with Alzheimer’s, a BBQ and a ceilidh. A heartfelt and enriching journey.

This journey saw less challenges than previous ones. Primarily that was down to the shorter length of the trip, and not bringing tents,

4

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (continued)

With the challenges and lessons from 2024's Highland Ride taken on board, this year we made sure not to repeat our mistakes.

THE MAY RIDE 2025

Route: 7 days along the Fife Coastal Path (Kincardine to St Andrews) Distance: 80 miles covered

Participants: 10 full-time participants, 2 one-day walkers, 7 horses Funds raised: £1,200 raised for The Big Hoof.

Summary: The Fife journey

5

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (continued)

Despite it being in a more urban setting, this journey was not without its difficulties. The terrain was mostly uncharted for horses, the Fife Coastal Path itself was in need of maintenance, some of the riders were not able to look after their horses, the relative ease of the route and lack of mileage perhaps disunited the group.

Finances

On both of our 2025 journeys we kept a close eye on the budget. We avoided any losses and generated enough funds to allow us to continue to create journeys in 2026. We raised funds for ARUK, and ensured that both journeys were safe and enjoyable. This is also thanks to the generous grant given by The Mainhouse Trust, allowing us to start the year with a firm financial foundation.

Testimonials

Here are some examples of the feedback we have received from the 2025 Big Hoof Participants.

6

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (continued)

High points

Low points

7

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (continued)

In three words, how would you describe the journey?

In three words, how would you describe The Big Hoof?

Branching Out Sessions

Since the summer, we’ve been going all over the country (and abroad), giving talks, hosting workshops, and collaborating with the Fife Coast and Countryside Trust.

Branching Out is a Fife based outdoor activities programme for women and men experiencing mental health challenges. Since 2024 we’ve been contributing to the programme by facilitating a day at the farm (where the horses are based). This year we hosted two sessions, with 8 folk in each group. The weather was kind, the horses were happy, and all the leaves were brown! On both occasions we started by feeding and brushing the horses. After that we all took the horses to the arena and those who wanted a ride had a go - this was followed by a gentle half an hour walk around the farm. With the horses back in the field, we explored the walled garden, before lighting a wee fire and tucking into some marshmallows! We finished by picking apples and pruning the grapevine to make our very own juice.

‘There were smiles all round as they slowly moved around on horseback. The group then got up close, brushed their coats, and cleaned out their hooves…. a truly magnificent session with these amazing animals.’

8

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (continued)

Workshops, talks and events

With the release of her documentary in the Netherlands, Zie Je (English title: With Sand In Our Eyes) Kiki has been taking part in events in Europe surrounding mental health, grief, neurodiversity, resilience, and the stigmas surrounding suicide. The Big Hoof has become a regular reference point for her. Simultaneously, with the release of In Green (the book documenting the 2000-mile Big Hoof journey back in 2022), Louis has been giving talks at outdoors-focussed festivals, book events, and for adventure groups. This year has also seen the beginning of Creative Writing workshops, focussed on children between 9-13 years old. While creating being a central theme, these workshops encourage a curiosity for the outdoors and inspire through the story of The Big Hoof.

Conclusion

This year has been a diverse and busy period. The funds we have received from grants and donations have allowed us to facilitate our long-distance journeys, develop our workshops, and continue to highlight important causes around the UK.

Looking forward, our aim is to be increasingly effective with our journeys, events, and workshops - with a focus on impact. We will continue our model of our journeys and maintain importance on accessibility, inclusivity, community and the outdoors. We have one main journey planned for 2026: an eight-day ride across the Lakes for Growing Well (a targeted mental health charity which champions recovery through outdoor activity in our Cumbrian market gardens). A further trek for the autumn is also in the pipe line.

FINANCIAL REVIEW

The charity recorded a deficit for the year of £16,006 (2024: surplus £23,680). Total income amounted to £226,752 (2024: £127,530), of which £190,620 (2024: £108,808) related to restricted projects and £36,132 (2024: £18,722) to unrestricted funds. At the balance sheet date, total funds were £10,002 (2024: £26,008) being a surplus of £10,002 (2024: deficit £1,507) in unrestricted fund and £nil (2024: surplus £27,515) in restricted funds.

Reserves policy

Free reserves as at the year end, being unrestricted funds not tied up in fixed assets, amounted to a surplus of £10,002 (2024: deficit £1,507).

It is the objective of the Reserves Policy to accumulate a level of financial reserves which ensures that The Big Hoof’s core activities can continue to operate for a period of three months in the event of unforeseen financial events that result in a reduction of income to the charity. The board has determined that this currently equates to around £1,500. Therefore, the policy has been met.

9

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

Risk management

The Trustees regularly review the Charity’s risk management procedures. This ensures that appropriate systems and procedures are in place to mitigate the major risks to which the Charity is exposed.

During this year, the major risks identified by the Board and the appropriate mitigation strategies were as follows:

1. Reduction in income

Mitigation strategies: The organisation has a strategy to diversify income, with a particular emphasis on donation income, fee income and grant applications from other sources. Over the next two years the charity will endeavour to increase income, thus allowing volunteers to receive remuneration for work done and for further charitable rides and events to occur. Grants, ‘Friends of The Big Hoof’ scheme, podcast, blog and fundraising events will help to achieve this. However, if this does not occur, the principal members of The Big Hoof staff (Kiki Ho and Louis Hall), will provide their services fully unpaid and will reduce the events and rides to one or two a year. This will ensure that charitable affairs continue despite a reduction in income.

2. Loss of key staff

Mitigation strategies: The organisation places great value on its staff and prioritises supporting them with all aspects of strategy. The current paid staff member is Louis Hall and current volunteers includes Kiki Ho only. Going forward, The Big Hoof aims to have both members at a basic remuneration rate. We are sensitive to workloads and exterior pressures and therefore require only appropriate amounts of work from any volunteer or individual.

3. Financial stability

Mitigation strategies: The Big Hoof has a guaranteed income of £2,500 from the Mainhouse Charitable Trust grant (at the Trust’s discretion) and £2,000 min. net income from the annual Burns Night celebration. This income of £4,500 allows for The Big Hoof to function at a minimum level, creating two charitable rides per year. If this annual grant were to be removed, The Big Hoof would decrease activities only to what is possible (i.e. one charitable ride per year).

PLANS FOR FUTURE PERIODS

We will continue to support charities and to raise awareness of The Big Hoof through the following events

As it stands, monthly remuneration for Louis (director of The Big Hoof) lies at £300. We aim to continue this throughout 2025 with Kiki Ho being remunerated £50 as well. This will provide payment for the hours Louis and Kiki put into the organisation of the charity.

Grant applications will still be made in order to allow for more rides to be held, growing our impact and outreach.

10

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The Big Hoof is a charitable company limited by guarantee, which was incorporated on 14 June 2022. The company was established under a Memorandum of Association and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The company was awarded charitable status by the Office of the Scottish Charity Regulator on 17 June 2022.

Recruitment and Appointment of Directors

Under the requirements of the Memorandum and Articles of Association directors are elected to serve for a period of four years, after which they are required to stand down or stand for re-election for a second and final period of four years. Then, they are require to stand down for a period of at least two years and then may be re-appointed. New directors are approached by the existing Board of Directors and the new appointment approved at the Annual General Meeting.

Directors Induction and Training

New Board members are formally welcomed and introduced to the others at their first Board meeting. It is ensured that they understand the role of the Board and its members, and that they have access to the Memorandum and Articles of Association, accounts, business plans and minutes of previous Board meetings.

Most directors are already familiar with the practical work of the charity. On appointment, new directors are briefed by the existing board on the responsibilities of being a director and current operations and financial position of the charity.

Organisational structure

The Big Hoof is governed by the Board, who are directors for the purpose of company law and trustees for the purpose of charity law.

The Board, which can have up to 10 members, meets quarterly and is responsible for the strategic direction of the charity. Day to day administration is delegated by the Board to the responsibility of the individuals that the item concerns.

Related Parties

The Charity works closely with other charities in Scotland.

Trustee, Tim Hall, is also a trustee of Mainhouse Charitable Foundation, the charity that provides an annual grant to The Big Hoof at the charity’s discretion.

11

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

Reference and Administrative Information

Charity name The Big Hoof
Charity registration number SC 051797
Company number SC 735407
Directors L D Hall
T J D Hall
A W H Dow
R J Dobie
Registered Office Old Inzievar House
and Operational Address By Dunfermline
Dunfermline
KY12 8HA
Independent Examiner Kevin Cattanach CA
Whitelaw Wells
Chartered Accountants
9 Ainslie Place
Edinburgh
EH3 6AT
Bankers Royal Bank of Scotland plc
Teviot House
41 South Gyle Crescent
Edinburgh EH12 9DR

12

THE BIG HOOF

REPORT OF THE DIRECTORS

For the year ended 30 June 2025

RESPONSIBILITES OF THE BOARD OF DIRECTORS

Company law requires the board of directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the directors should follow best practice and:

The board of directors is responsible for maintaining 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. The board of directors is 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 Statement of Recommended Practice – Accounting and Reporting by Charities and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to smaller companies.

This report was approved by the Board on 5 February 2026 and is signed on its behalf by:

Louis Hall Director

13

INDEPENDENT EXAMINERS’ REPORT TO THE MEMBERS AND DIRECTORS OF

THE BIG HOOF

For the year ended 30 June 2025

I report on the accounts for the period ended 30 June 2025 as set out on pages 15 to 23.

Respective responsibilities of the Trustees and the Independent Examiner

The charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity’s Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Charities Accounts (Scotland) Regulations 2006 (as amended) does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An 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 the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion in the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

Kevin Cattanach CA Whitelaw Wells Chartered Accountants 9 Ainslie Place Edinburgh, EH3 6AT

5 February 2026

14

THE BIG HOOF

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

For the year ended 30 June 2025

Unrestricted
Restricted
Funds
Funds
Notes
£
£
Income and endowments from:
Donations and legacies
3
17,899
190,620

Other trading activities
4
18,233
-
Investment income
-
-
Total income
36,132
190,620

Expenditure on:
Raising funds
25,936
11,028
Charitable activities
6
10,612
195,182

Total expenditure
36,548
206,210

Net Expenditure/ income
5
(416)
(15,590)
Transfers between funds
10
11,925
(11,925)
Net movement in funds
11,509
(27,515)
Total funds brought forward
10
(1,507)
27,515
Total funds carried forward
10
10,002
-		 Total
Funds
2025
£
208,519

18,233
-
226,752

36,964
205,794
242,758

(16,006)
-
(16,006)
26,008
10,002		 Total
Funds
2024
£
108,808
18,722
-
127,530
31,071
72,779
103,850
23,680
-

23,680
2,328
26,008

The company has no recognised gains or losses other than the results for the period as set out above. All of the activities of the charitable company are classed as continuing. The notes on pages 17 to 23 form part of these financial statements.

15

THE BIG HOOF

BALANCE SHEET

As at 30 June 2025
Notes
CURRENT ASSETS
Prepayments and accrued income
8
Cash at Bank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 £
1,016
11,497
12,513
(2,511)		 2025
£
10,002
10,002
10,002
-
10,002		 2024
£
153
28,195
28,348
(2,340)
26,008
26,008
(1,507)
27,515
26,008

For the year ended 30 June 2025 the company was entitled to exemption from the requirement to have an audit under section 477 of the Companies Act 2006. No members have required an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibility for:

These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities

The financial statements were approved by the directors on 5 February 2026 and were signed on its behalf by:

Louis Hall Director

The notes on pages 17 to 23 form part of these financial statements.

16

THE BIG HOOF

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

1. ACCOUNTING POLICIES

Basis of accounting

The accounts have been prepared under the historical cost convention and are in accordance the Charities and Trustees Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) and 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 (FRS102) (effective 1 January 2019).

The charity has taken advantage of the exemption from the requirement to prepare a Statement of Cash Flows as permitted under FRS 102 and the Charities FRS 102 SORP.

The charity constitutes a public benefit entity as defined by FRS 102.

Going concern

Based on projections and forecasts, the directors have assessed the charity’s ability to continue as a going concern and they have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. This going concern assessment covers a period of at least 12 months from the date of signing of these financial statements. Therefore, they continue to adopt the going concern basis in preparing the financial statements.

Income

Income is recognised in the Statement of Financial Activities when the charity has entitlement, there is probability of receipt and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. The charitable company is not registered for VAT and, accordingly, resources expended are shown gross of irrecoverable VAT.

17

THE BIG HOOF

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

1. ACCOUNTING POLICIES (continued)

Grants awarded

Grants awarded are recognised as expenditure when a commitment has been made and the decision has been intimated to the beneficiary.

Funds

Unrestricted funds are donations and other income generated for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are subject to the restrictions on their expenditure imposed by the donor.

Provisions

Provisions are recognised when the charity has a present obligation as a result of a past event, it is probable that a transfer of economic benefit will be required to settle the obligations and a reliable estimate can be made of the amount of the obligation.

Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

18

THE BIG HOOF

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

2. STAFF COSTS AND DIRECTORS’ REMUNERATION

There are no employees. No directors were reimbursed for travel or other expenses in the current period.

One (2024: one) director received remuneration for services of £3,850 (2024: £3,150) in the current period.

3. DONATIONS AND LEGACIES

Unrestricted Restricted
Funds
Funds
£
£
Charitable Donations
14,649
190,620
Patronage income
3,250
-

17,899
190,620		 Total
2025
£
205,269
3,250
208,519		 Total
2024
£
108,808
-
108,808

Included above are restricted donations amounting to £190,620 (2024: £108,800). All other income in the current and prior years was unrestricted.

4. OTHER TRADING ACTIVITIES

Unrestricted
Restricted
Funds
Funds
£
£
Events
18,233
-
Other Revenue
-
-

18,233
-		 Total
2025
£
18,233
-
18,233		 Total
2024
£
18,722
-
18,722

Included above is restricted revenue from other trading activities amounting to £NIL (2024: £NIL). All other trading activities income was unrestricted in both the current and previous year.

19

THE BIG HOOF

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

5. NET INCOME FOR THE PERIOD

T INCOME FOR THE PERIOD
2025 2024
This is stated after charging: £ £
Independent Examiner’s remuneration 2,700 2,340

6. TOTAL EXPENDITURE

Unrestricted Restricted
Funds
Funds
£
£
Costs directly allocated to activities
Horse transport
400
520
Horse care
1,087
164
Donations to Insulate Ukraine
-
195,031
Other Donations
850
9,400
Fundraising Event Costs
22,183
-
Ride Costs
1,416
944
Support costs allocated to activities
Advertising and marketing
965
-
Postage, freight and courier
-
-
Staff costs (Note 2)
3,850
-
Subscriptions
1,378
-
Sponsorship
-
-
Misc
425
-
IT costs
118
-
Travel
886
151
Bank fees
97
-
Insurance
253
-
Governance costs
Independent examiner fee
2,640
-

Total expenditure
36,548
206,210
 Total
2025
£
920
1,251
195,031
10,250
22,183
2,360
965
-
3,850
1,378
-
425
118
1,037
97
253
2,640
242,758		 Total
2024
£
2,532
1,984
63,957
5,809
16,840
3,906
1,013
28
3,150
1,226
100
188
198
546
2
31
2,340
103,850

All grants and donations awarded are paid to institutions.

Included above is restricted expenditure amounting to £206,210 (2024: £76,548). All other expenditure was unrestricted in both the current and previous years.

20

THE BIG HOOF

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

7. TAXATION

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

8. DEBTORS

Prepayments and accrued income
CREDITORS FALLING DUE WITHIN ONE YEAR
Accruals and other creditors		 2025
£
1,016
2025
£
2,511		 2024
£
153
2024
£
2,340

9. CREDITORS FALLING DUE WITHIN ONE YEAR

10. MOVEMENT IN FUNDS

Restricted Funds
Insulate Ukraine
May Ride
Loch Tay Ride
Total Restricted Funds
Unrestricted Funds
General Fund
Total Unrestricted Funds
Total Funds		 At 1
July
2024
£
21,115
6,400
-
27,515
(1,507)
(1,507)
26,008		 Income Expenditure
Transfers
£
£
£
185,819
(195,031)
(11,903)
-
(6,400)
-
4,801
(4,779)
(22)
190,620
(206,210)
(11,925)
36,132
(36,548)
11,925
36,132
(36,548)
11,925
226,752
(242,758)
-		 At 30
June
2025
£
-
-
-
-
10,002
10,002
10,002

21

THE BIG HOOF

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

10. MOVEMENT IN FUNDS (CONT’D)

Restricted Funds
Insulate Ukraine
Fairways Ride
May Ride
Trip across Europe
Total Restricted Funds
Unrestricted Funds
General Fund
Total Unrestricted Funds
Total Funds		 At 1
July
2023
£
1,955
-
-
250
2,205
123
123
2,328		 Income Expenditure
Transfers
£
£
£
90,068
(63,958)
(6,950)
6,833
(6,833)
-
11,907
(5,507)
-
-
(250)
-
108,808
(76,548)
(6,950)
18,722
(27,302)
6,950
18,722
(27,302)
6,950
127,530
(103,850)
-		 At 30
June
2024
£
21,115
-
6,400
-
27,515
(1,507)
(1,507)
26,008

The Insulate Ukraine fund represents funding received to insulate windows on homes in Ukraine which have been bombed during the ongoing war to help protect against the freezing cold during winter. The transfer from restricted fund represents the agreed service charge for administrative costs of facilitating the donations directed to Insulate Ukraine by The Big Hoof.

The May Ride represents funding received to support a ride taking place in the Scottish Highlands to raise money for mental health charities.

The Loch Tay Ride represents funding received to support a 3-day ride taking place on the east side of Loch Tay to raise money for Alzheimer’s Research UK.

The Fairways Ride represents funding received to support a ride taking place between St Andrews to Iona in order to raise money for the Venture Trust.

The Trip across Europe fund represents funding received to support the ride taking place from Italy to Spain in order to raise money for two mental health charities, Amna and Museum of the Mind.

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THE BIG HOOF

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
Fund balances at 30 June 2025 as
Funds
Funds
represented by:
£
£
Current assets
12,513
-
Current liabilities
(2,511)
-
10,002
-
Unrestricted
Restricted
Fund balances at 30 June 2024 as
Funds
Funds
represented by:
£
£
Current assets
833
27,515
Current liabilities
(2,340)
-
(1,507)
27,515		 Total
Funds
£
12,513
(2,511)
10,002
Total
Funds
£
28,348
(2,340)
26,008

12. RELATED PARTY TRANSACTIONS

The charity is managed by a Board of Directors with no one individual having control of the charity. Trustee, Louis Hall received £3,600 (2024: £3,150) remuneration in the year for his services.

During the year £3,250 (2024: £NIL) was awarded to The Big Hoof by Mainhouse Charitable Foundation, a charity of which trustee Tim Hall is also a trustee.

13. COMPANY LIMITED BY GUARANTEE

The company is limited by the guarantee of each member to contribute not more than £1 each in the event of winding up the charitable company. At the year end there were 4 (2024: 4) members.

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