IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.6.23 31.5.24 31.5.24 FY Henry Appleby Edmunds Norma Wilson Maggie R Brown Lesley Ann Orange Katherine Jayne Lines Beverley Heffernan Catherine Margaret Lea Peter Dallow Elaine Keith Sarah Kirk Karen Wylie Daniel Cracknell Helen Lane Heidi Anne Lorefice Claire O'Connell FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh000228662023-05-31000228662024-05-31000228662023-06-012024-05-31000228662022-05-31000228662022-06-012023-05-31000228662023-05-3100022866ns0:CharitableCompanyLimitedByGuarantee2023-06-012024-05-3100022866ns15:PoundSterling2023-06-012024-05-3100022866ns0:Trustee22023-06-012024-05-3100022866ns0:Trustee32023-06-012024-05-3100022866ns0:Trustee42023-06-012024-05-3100022866ns0:Trustee52023-06-012024-05-3100022866ns0:Trustee62023-06-012024-05-3100022866ns0:Trustee72023-06-012024-05-3100022866ns0:Trustee12023-06-012024-05-3100022866ns0:Trustee82023-06-012024-05-3100022866ns0:Trustee92023-06-012024-05-3100022866ns0:Trustee102023-06-012024-05-3100022866ns0:Trustee112023-06-012024-05-3100022866ns0:Trustee122023-06-012024-05-3100022866ns0:Trustee132023-06-012024-05-3100022866ns0:Trustee142023-06-012024-05-3100022866ns0:Trustee152023-06-012024-05-3100022866ns11:FRS1022023-06-012024-05-3100022866ns11:IndependentExaminationCharity2023-06-012024-05-3100022866ns11:SmallCompaniesRegimeForAccounts2023-06-012024-05-3100022866ns11:FullAccounts2023-06-012024-05-3100022866ns11:CharitiesSORP2023-06-012024-05-3100022866ns16:EnglandWales2023-06-012024-05-3100022866ns11:RegisteredOffice2023-06-012024-05-3100022866ns11:CompanySecretary12023-06-012024-05-3100022866ns0:TotalUnrestrictedFunds2023-06-012024-05-3100022866ns0:TotalRestrictedIncomeFunds2023-06-012024-05-3100022866ns0:Activity82023-06-012024-05-3100022866ns0:Activity8ns0:TotalUnrestrictedFunds2023-06-012024-05-3100022866ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-06-012024-05-3100022866ns0:Activity82022-06-012023-05-3100022866ns0:TotalUnrestrictedFunds2023-05-3100022866ns0:TotalRestrictedIncomeFunds2023-05-3100022866ns0:TotalUnrestrictedFunds2024-05-3100022866ns0:TotalRestrictedIncomeFunds2024-05-3100022866ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-05-3100022866ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-05-3100022866ns10:WithinOneYear2024-05-3100022866ns10:WithinOneYear2023-05-3100022866ns10:PlantMachinery2023-06-012024-05-3100022866ns10:ComputerEquipment2023-06-012024-05-310002286622023-06-012024-05-310002286632023-06-012024-05-3100022866ns10:OwnedAssets2023-06-012024-05-3100022866ns10:OwnedAssets2022-06-012023-05-3100022866ns10:PlantMachinery2023-05-3100022866ns10:FurnitureFittings2023-05-3100022866ns10:ComputerEquipment2023-05-3100022866ns10:FurnitureFittings2023-06-012024-05-3100022866ns10:PlantMachinery2024-05-3100022866ns10:FurnitureFittings2024-05-3100022866ns10:ComputerEquipment2024-05-3100022866ns10:PlantMachinery2023-05-3100022866ns10:FurnitureFittings2023-05-3100022866ns10:ComputerEquipment2023-05-31
REGISTERED COMPANY NUMBER: 00022866 (England and Wales)
REGISTERED CHARITY NUMBER: 293872














TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Trustees' Report 1 to 5

Independent Examiner's Report 6

Statement of Financial Activities 7

Balance Sheet 8 to 9

Notes to the Financial Statements 10 to 15

CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE) (REGISTERED NUMBER: 00022866)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MAY 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of 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
Objectives and aims
The objects for which The Cleveland Bay Horse Society is established are to (1) encourage the breeding and improvement of horses, particularly the Cleveland Bay; (2) to improve the general standards in the management, use and treatment of horses generally, and of the Cleveland Bay Horse in particular, by facilitating the distribution and acquisition of knowledge and learning among breeders, owners, judges, veterinarians, trainers and members of the public; (3) to provide or assist in the provision for the public benefit, of facilities for recreation or other leisure time occupation, through the use of horses, but confined to facilities provided in the interests of social welfare with the meaning and so as to satisfy the requirements of the Recreational Charities Act 1958; and (4) to prevent cruelty to and promote the welfare of horses.

Significant activities
The provision of premiums to Cleveland Bay breeders encourages Cleveland Bay breeding and subsidises breeding costs in order to improve breed population and genetic viability. Promoting the Cleveland Bay through the annual magazine, newsletters, shows and other direct promotion, including the website and social media, provides a framework for Cleveland Bay breeders and enthusiasts to engage with each other, exchange views and promote awareness and use of the Cleveland Bay.


CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE) (REGISTERED NUMBER: 00022866)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MAY 2024

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity continues to battle with the cost-of-living crisis and the subsequent effects this has on the membership and breeding programs. Horse shows continue to provide Cleveland Bay classes although entry numbers were still low relative to the pre-Covid era, at least in part because of the high cost of fuel. However, it has been noted that numbers across the board for showing are down compared to pre-Covid levels. We continued to provide a breed stand at the Royal Windsor Horse Show and the Great Yorkshire Show, all of which generated interest and revenues from merchandise sales. We have re-established some fund-raising activities in the form of the 100 Club and a raffle for sawdust kindly donated by A W Jenkinson Forest Products. Although they have raised additional income, we are still experiencing the financial effect of the cost of living.

We were able to use the HBLB grant we secured in June 2023 to provide support to breeders and horse show participants to promote the breed.

Providing free registrations for our overseas members remains successful along with breeding grants. The registrations must now be applied for within 6 months of age to bring the overseas registrations in line with the DEFRA rules the UK abides by. Both have been received well.

The new www.ClevelandBay.com website became operational in late June 2023. The new platform has allowed for much better communication with the interested public and promotion of the breed. The new website allows for photos and videos to be added to provide extra communication with viewers of the site. The feedback regarding the new website has been really positive.

The CBHS continues to be part of the Amazon Smile Charity pick list, and this does furnish a small revenue stream.

We held our 2023 CBHS National Breed Show in conjunction with Sport Horse Breeders of Great Britain's National Supreme Hunter Championships held at Addington. This new location proved to attract a few of our members, however, to sustain this affiliation it is felt we need to attract a greater number of entries for 2024.
The Performance Scheme for 2023 continued as previous years, with the members obtaining points by attending shows and promoting the breed. Points are awarded towards the CBHS trophies, and the trophies are presented at the Annual General Meeting in October. In 2023 the CBHS trialled the new Cleveland Bay Challenge. This was open to all members and non-members around the world and attracted 30 entrants and generated a small income. It was a great way to show case the versatility of the breed and offered a support network. Entrants to the Challenge received donated and sponsored prizes and rosettes.

Our membership currently stands at 243, this is broken down as 192 UK members and 51 Overseas from 5 different countries.

Trustees continued to conduct council meetings via Zoom throughout 2023 and a total of 7 Council meetings were held, with approved minutes posted to our website for member access.

In October 2023 at the Annual General Meeting, the membership voted on the proposed new Articles of Association. The Articles attained over 75% approval from the membership, therefore they are now constructed in line with the Charity Commission guidelines. The Articles have been approved by the Charity Commission and have been uploaded to the new website.

FINANCIAL REVIEW
Investment policy and objectives
The CBHS has the power to make any investments as authorised by the trustees.


CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE) (REGISTERED NUMBER: 00022866)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MAY 2024


FINANCIAL REVIEW
Reserves policy
It remains the policy of the company to maintain unrestricted funds, which are the free reserves of the charity, at a level to provide sufficient funds to cover management and administration costs. The adequacy of the reserves policy is reviewed annually.

Archive material
The Society holds a variety of archive material that is not included in either fixed assets or stock as there is no known historical cost. A professional valuation of the material was conducted during the year ended 31 May 2015 and it was estimated to be worth around £12,000. A selection of these items is currently stored at the North Yorkshire Records Office (NYRO) and can be seen by prior arrangement.

Not all of the archived material is held by the NYRO and duplicate copies of some of the old stud books and magazines are currently being sold by auction or at our trade stand at shows.

FUTURE PLANS
We continue to work with the Rare Breeds Survival Trust to promote the use of SPARKS type breed management by other breeds and to secure a more resilient future for our own scheme. The Cleveland Bay Horse Society also works with partner organisations to assist with positive promotion and support for our breeders with their breeding programmes. We continue to look into modern advances in breeding technologies and how these can be used effectively by our members.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Cleveland Bay Horse Society of the United Kingdom was formed as a private limited company under a memorandum & articles of association on 6 July 1886.

The company has no share capital and is limited by guarantee.

On 11 March 1986, the Cleveland Bay Horse Society of the United Kingdom was accepted as a registered charity.

Recruitment and appointment of new trustees
All trustees are Directors and Council members. Members of council are elected for a 3 year term. The society members elect new council members annually.

Organisational structure
The policy and general management of the affairs of the company are directed by a council, which consists of up to 15 trustees. The current council has 13 members from which a Chair and Deputy Chair are appointed. The day-to-day office duties are carried out by a volunteer, who consults with the chief officer, committee chairs, treasurer, chair, company secretary, and members of the council as required. The council meets at least 6 times a year, or as and when necessary.

Risk management
The society reviews risk at its council meetings and an accounts overview forms part of these scheduled meetings. The principal identified risks have included loss of revenue due to reduced numbers of passports being issued during the pandemic. Passport issuance was improved in 2022/23 and continues in 2023/24..

The office continues to be run and operated by a volunteer. Council has started to investigate how to future proof the office operation to ensure continued registration of Cleveland Bays and other equines and the operation of Society business.

There is also an historic problem with UK membership recruitment and retention, however, the overseas membership is still increasing.


CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE) (REGISTERED NUMBER: 00022866)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MAY 2024

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00022866 (England and Wales)

Registered Charity number
293872

Registered office
4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

Trustees
Margaret Rose Brown (appointed 23 October 2022)
Peter Dallow (appointed 17 April 2023, resigned 21 October 2023)
Henry Appleby Edmunds

Beverley Crispin Heffernan
Elaine Keith (appointed 23 October 2022)
Sarah Kirk (appointed 23 October 2022)
Lynn Knight (appointed 23 October 2022, term expired 26 February 2023)
Catherine Margaret Lea (appointed 23 October 2022)
Katherine Jayne Lines (resigned 22 February 2024)
Claire O'Connell (appointed 25 October 2023)
Lesley Ann Orange
Norma Wilson
Heidi Lorefice (appointed 16 November 2023)
Daniel Cracknell (appointed 25 October 2023)
Karen Wylie (appointed 23 October 2022)

Helen Lane (appointed 25 October 2023)

Treasurer
Peter Dallow

Company Secretary
Beverley Heffernan

Independent Examiner
Peter Howard & Co
4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Cleveland Bay Horse Society of the United Kingdom (Limited by Guarantee) for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE) (REGISTERED NUMBER: 00022866)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MAY 2024


TRUSTEES' RESPONSIBILITY STATEMENT - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping 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. They 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.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

This report was accepted by the Trustees at a meeting held on 29 August 2024 and signed on their behalf by:





Catherine Margaret Lea - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

Independent examiner's report to the trustees of Cleveland Bay Horse Society of the United Kingdom (Limited by Guarantee) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and 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 Act').

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 charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's 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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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 not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Simon C Foreman

Peter Howard & Co
4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

29 August 2024

CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2024

31.5.24 31.5.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations, grants and legacies 3,379 26,500 29,879 23,462

Charitable activities
Charitable activities 11,295 - 11,295 17,840

Other trading activities 2 757 - 757 1,343
Investment income 3 1,064 - 1,064 286
Total 16,495 26,500 42,995 42,931

EXPENDITURE ON
Raising funds 1,675 - 1,675 1,835

Charitable activities
Charitable activities 3,247 29,442 32,689 39,033

Other 6,795 187 6,982 17,147
Total 11,717 29,629 41,346 58,015

NET INCOME/(EXPENDITURE) 4,778 (3,129 ) 1,649 (15,084 )
Transfers between funds 10 (5,300 ) 5,300 - -
Net movement in funds (522 ) 2,171 1,649 (15,084 )

RECONCILIATION OF FUNDS
Total funds brought forward 75,682 11,990 87,672 102,756

TOTAL FUNDS CARRIED FORWARD 75,160 14,161 89,321 87,672

CONTINUING OPERATIONS
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE) (REGISTERED NUMBER: 00022866)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 24,536 - 24,536 24,639

CURRENT ASSETS
Stocks 7 1,620 - 1,620 1,994
Debtors 8 1,067 - 1,067 961
Cash at bank and in hand 56,728 14,161 70,889 67,922
59,415 14,161 73,576 70,877

CREDITORS
Amounts falling due within one year 9 (8,791 ) - (8,791 ) (7,844 )

NET CURRENT ASSETS 50,624 14,161 64,785 63,033

TOTAL ASSETS LESS CURRENT
LIABILITIES

75,160

14,161

89,321

87,672

NET ASSETS 75,160 14,161 89,321 87,672
FUNDS 10
Unrestricted funds 75,160 75,682
Restricted funds 14,161 11,990
TOTAL FUNDS 89,321 87,672

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)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 accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE) (REGISTERED NUMBER: 00022866)

BALANCE SHEET - continued
31 MAY 2024

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 29 August 2024 and were signed on its behalf by:





Catherine Margaret Lea - Trustee

CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Recognition of assets and income
Income is recognised in the Statement of Financial Activities (SoFA) when a transaction or other event results in an increase in the charity's assets or a reduction in its liabilities. Income is only recognised in the accounts when all of the criteria regarding entitlement, probability and measurement are met.

Recognition of donations and legacies
Income is only recognised in the accounts when all of the criteria regarding entitlement, probability and measurement are met. In the case of a donation, entitlement arises immediately upon its receipt.

Recognition of grant income
In the case of the Horserace Betting Levy Board restricted grant, the income is recognised in the accounts on the accruals basis.

Recognition of charitable activities income
Income is only recognised in the accounts when all of the criteria regarding entitlement, probability and measurement are met.

Recognition of investment income
Income from interest is recognised when its receipt is probable and the amount receivable can be measured accurately.

Recognition of resources expended
Expenditure is the amount of a charity's resources that have been spent or otherwise used in carrying out its activities. An expense results in either a decrease in the charity's assets or an increase in its liabilities. Liabilities and expenditure are only recognised in the financial statements when all of the criteria regarding entitlement, probability and measurement are met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and equipment - 15% on reducing balance
Computer equipment - 33.3% on reducing balance

Trophies are not depreciated and are included at their market value. This is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated.

Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment.

2. OTHER TRADING ACTIVITIES
31.5.24 31.5.23
£    £   
Show Income 475 882
AGM Income 282 461
757 1,343

3. INVESTMENT INCOME
31.5.24 31.5.23
£    £   
Deposit account interest 1,064 286

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.5.24 31.5.23
£    £   
Depreciation - owned assets 303 374

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.



CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. TANGIBLE FIXED ASSETS
Plant and Computer
equipment Trophies equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 June 2023 5,524 22,825 2,474 30,823
Additions - 200 - 200
At 31 May 2024 5,524 23,025 2,474 31,023
DEPRECIATION
At 1 June 2023 3,877 - 2,307 6,184
Charge for year 247 - 56 303
At 31 May 2024 4,124 - 2,363 6,487
NET BOOK VALUE
At 31 May 2024 1,400 23,025 111 24,536
At 31 May 2023 1,647 22,825 167 24,639

Cost or valuation at 31 May 2024 is represented by:

Plant and Computer
equipment Trophies equipment Totals
£    £    £    £   
Valuation in 2022 - 10,185 - 10,185
Cost 5,524 12,840 2,474 20,838
5,524 23,025 2,474 31,023

If trophies had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 12,840 12,640

7. STOCKS
31.5.24 31.5.23
£    £   
Closing stock of souvenirs 1,620 1,994

During the year ended 31 May 2015, archive material was professionally valued and its current market value was estimated to be £12,000.

The Society also has a stock of frozen semen in storage at Stallion AI Services Ltd consisting of the following:

Penrhyn Tsar11 doses
Bantry Bere10 doses
Whitehouse Statesman20 doses
Oakenbank Grenadier20 doses
Penrhyn Aristocrat15 doses
Fenton40 doses


CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. STOCKS - continued

The Society pays for storage of the semen and may occasionally sell it at prices to be negotiated with the purchaser and in compliance with agreements that may have been made with the donors.

No historical cost regarding this archive material or frozen semen has previously been included within closing stock and neither is included in the above stock valuation.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Prepayments and accrued income 1,067 961

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 564 2,151
Deferred income 5,827 3,473
Accruals 2,400 2,220
8,791 7,844

10. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.6.23 in funds funds 31.5.24
£    £    £    £   
Unrestricted funds
General fund 75,682 4,778 (5,300 ) 75,160

Restricted funds
Horse Race Betting Levy Board 11,990 (3,129 ) 5,300 14,161

TOTAL FUNDS 87,672 1,649 - 89,321

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 16,495 (11,717 ) 4,778

Restricted funds
Horse Race Betting Levy Board 26,500 (29,629 ) (3,129 )

TOTAL FUNDS 42,995 (41,346 ) 1,649


CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.6.22 in funds funds 31.5.23
£    £    £    £   
Unrestricted funds
General fund 89,681 (9,699 ) (4,300 ) 75,682

Restricted funds
Horse Race Betting Levy Board 13,075 (5,385 ) 4,300 11,990

TOTAL FUNDS 102,756 (15,084 ) - 87,672

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 21,431 (31,130 ) (9,699 )

Restricted funds
Horse Race Betting Levy Board 21,500 (26,885 ) (5,385 )

TOTAL FUNDS 42,931 (58,015 ) (15,084 )

Purposes of unrestricted funds
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objectives.

Purpose of restricted funds
Restricted funds consist of the HBLB Grant. The purpose of the grant is to increase awareness of the Cleveland Bay horse and set up a programme to encourage breeding of foals to help to take the breed out of the rarest RBST Category 1 and ensure the continuation of the breed.

Transfers between funds
During the year, £5,300 of unrestricted funds were transferred to restricted funds to cover the Cleveland Bay Horse Society's 20% contribution towards the HBLB Grants received, in line with the conditions of receiving the Grant.


CLEVELAND BAY HORSE SOCIETY OF THE
UNITED KINGDOM (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. RELATED PARTY DISCLOSURES

It is a requirement of the Society for all trustees to be members. As at 31 May 2024, all members had paid their subscriptions.