Charity Registration No. 262765
Company Registration No. 01006107 (England and Wales)
BRITISH CONNEMARA PONY SOCIETY LIMITED
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
BRITISH CONNEMARA PONY SOCIETY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs A Ward
(Appointed 16 November 2025)
Ms L Stokeld
Miss K Wainwright
Mr J S Strang
Mrs B K Gibb
Mrs S C Rook
Miss A Summerfield
(Appointed 16 November 2025)
Miss A Smith
Mrs E Murray
Mrs K W Wobschall
Ms K Tett
(Appointed 16 November 2025)
Secretary
Mrs G Tillin
Charity number
262765
Company number
01006107
Registered office
24 Mount Pleasant Road
Alton
Hampshire
United Kingdom
GU34 1NN
Independent examiner
Azets
Epsilon House
The Square
Gloucester Business Park
Brockworth
Gloucestershire
United Kingdom
GL3 4AD
Bankers
NatWest Bank PLC
The Parade
Minehead
Somerset
TA24 5ZD
BRITISH CONNEMARA PONY SOCIETY LIMITED
CONTENTS
Page
Report of the Trustees
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 10
BRITISH CONNEMARA PONY SOCIETY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The trustees, who are also the directors for the purposes of the Companies Act 2006, present their report and the financial statements of the charity for the year ended 31st December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in the note s to the financial statements and comply with the charity's governing document, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The principal objectives of the society, which is a registered charity, are to preserve and improve the standard of the connemara breed of ponies within the jurisdiction of the society and to prevent cruelty to horses and ponies.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake.

Achievements and performance

During the year under review, the society has sought to achieve its principal objectives by providing for owners and breeders of connemara ponies a range of services including registrations, inspections and testing. It also hosts an annual breed show and publishes in the annual chronicle reports, features and articles that give comprehensive coverage of the society's activities that have promoted the connemara breed.

In respect of its activities, the society has paid regard to guidance issued by the Charity Commission in respect of its activities, the results of which are set out on page 4.

Financial review

At the Balance Sheet date, the net assets of the society appearing on page 5 amounted to £238,986.

In their financial management of the society's activities, the trustees seek to obtain an adequate return from the provision of services and from membership subscriptions to support the administrative costs of the society and to take the opportunities that arise for the improvement of services to members.

It is the policy of the society that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to twelve month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue it s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have a ssessed the major risks to which the society is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The society, by virtue of its constitution as a company limited by guarantee, is governed by its articles of association, as defined by the Companies Act 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Miss M G Evans
(Resigned 16 November 2025)
Mrs A Ward
(Appointed 16 November 2025)
Mrs C D Caddy
(Resigned 16 November 2025)
The Hon Mrs A M Harries
(Resigned 16 November 2025)
Mrs J Woods
(Resigned 16 November 2025)
Ms L Stokeld
Miss K Wainwright
Mr J S Strang
Mrs B K Gibb
Mrs S C Rook
Miss A Summerfield
(Appointed 16 November 2025)
BRITISH CONNEMARA PONY SOCIETY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Miss A Smith
Mrs E Murray
Mrs K W Wobschall
Ms K Tett
(Appointed 16 November 2025)
Mrs D Nickson
(Appointed 16 November 2025 and resigned 4 January 2026)

Responsibility for the running of the society's activities is vested in the Council of Management which comprises the trustees for the charitable purposes of the society who also serve as directors for the purpose of company law.

Council members are appointed by the members of the society to serve for an initial term of three years and, subject to re-election, may serve a second consecutive term also of three years. A council member must be a member of the society and the maximum number of serving council members is twelve.

The report was approved by the Board of Trustees and signed on its behalf by

Mrs G Tillin
Miss K Wainwright
Secretary
Trustee
Dated: 31 July 2026
Dated: 31 July 2026
BRITISH CONNEMARA PONY SOCIETY LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BRITISH CONNEMARA PONY SOCIETY LIMITED
- 3 -

We report to the trustees on our examination of the financial statements of British Connemara Pony Society Limited (the Company) for the year ended 31 December 2025.

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 financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied ourselves that the financial statements of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of the Company's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

1

accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements 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).)

We 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 financial statements to be reached.

Azets
Epsilon House
The Square
Gloucester Business Park
Brockworth
Gloucestershire
GL3 4AD
United Kingdom
Dated: 31 July 2026
BRITISH CONNEMARA PONY SOCIETY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income and endowments from:

Society income

3
46,996
-
46,996
53,130
-
53,130
Investments
4
5,621
-
5,621
7,871
-
7,871
Other income
5
-
-
-
2,600
-
2,600
Total income
52,617
-
52,617
63,601
-
63,601
Expenditure on:
Charitable activities
58,919
-
58,919
57,597
-
57,597
(6,302)
-
(6,302)
6,004
-
6,004
Net Gains/(losses) on investments
8
18,470
-
18,470
(2,881)
-
(2,881)
Net income for the year/
Net movement in funds
12,168
-
12,168
3,123
-
3,123
Fund balances at 1 January 2025
215,962
10,856
226,818
212,839
10,856
223,695
Fund balances at 31 December 2025
228,130
10,856
238,986
215,962
10,856
226,818

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
BRITISH CONNEMARA PONY SOCIETY LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
9
154,353
135,883
Current assets
Debtors and prepayments
10
3,133
2,098
Cash at bank and in hand
95,254
99,740
98,387
101,838
Creditors: amounts falling due within one year
11
(13,754)
(10,903)
Net current assets
84,633
90,935
Total assets less current liabilities
238,986
226,818
Income funds
Restricted funds
13
10,856
10,856
Unrestricted funds
228,130
215,962
238,986
226,818

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 31 July 2026
Miss K Wainwright
Trustee
Company Registration No. 01006107
BRITISH CONNEMARA PONY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
1
Accounting policies
Charity information

British Connemara Pony Society Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 24 Mount Pleasant Road, Alton, Hampshire, GU34 1NN, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2016). The is a Public Benefit Entity as defined by FRS 102.

The society has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the society. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the society has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income

All income is recognised in the Statement of Financial activities once the society has entitlement to the funds, that it is probable that the income will be received and the amount can be measured reliably.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. All fixed assets have been fully depreciated.

Trophies
Straight line basis over 5 years
Computers
Straight line basis over 3 years
1.6
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

BRITISH CONNEMARA PONY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.7
Taxation

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

2
Critical accounting estimates and judgements

In the application of the society'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.

3
Society Income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£

Membership subscriptions

22,553
23,337

Members services and events

24,443
29,793
46,996
53,130
4
Investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£

Investment income

4,621
6,699
Interest receivable
1,000
1,172
5,621
7,871
5
Other income
Total
Unrestricted
funds
2025
2024
£
£
Legacies
-
2,600
BRITISH CONNEMARA PONY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
6
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the during the year.
7
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
1
1
Employment costs
2025
2024
£
£
Wages and salaries
33,077
31,950
There were no employees whose annual remuneration was more than £60,000.
8
Net (losses)/gains on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Net Gains/(losses) on revaluation of investments
18,470
(2,881)
BRITISH CONNEMARA PONY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
9
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 January 2025 & 31 December 2025
135,883
Additions
-
Valuation changes
18,470
Net book value
At 31 December 2025
154,353
At 31 December 2024
135,883
10
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
410
595
Prepayments and accrued income
2,723
1,503
3,133
2,098
11
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Other taxation and social security
3,031
2,462
Deferred income
12
4,704
4,125
Other creditors
4,369
2,741
Accruals
1,650
1,575
13,754
10,903
12
Deferred income
2025
2024
£
£
Arising from Membership fees
4,704
4,125
BRITISH CONNEMARA PONY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
13
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 January 2024
Incoming resources
Balance at
1 January 2025
Incoming resources
Balance at
31 December 2025
£
£
£
£
£
Restricted Fund
10,856
-
10,856
-
10,856
14
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

15
Ultimate Controlling Party

The society, being a company limited by guarantee without shares, does not have an ultimate controlling party.

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