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REGISTERED COMPANY NUMBER: 02719344 (England and Wales)
REGISTERED CHARITY NUMBER: 1015540















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Leybourne Grange Riding Centre
for the Disabled

Leybourne Grange Riding Centre
for the Disabled






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

Leybourne Grange Riding Centre
for the Disabled (Registered number: 02719344)

Report of the Trustees
for the Year Ended 30 September 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 30 September 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 company was established, as set out in its Memorandum of Association, are to provide, maintain, promote and encourage horse riding and other activities for the mentally or physically disabled and the socially handicapped.

The company is a charity and exists to provide, in the interests of social welfare, therapeutic and recreational facilities for persons having need thereof by reason of their mental or physical disability or their social and economic circumstances, with the object of improving the quality of life for such persons.

Volunteers
The trustees are extremely indebted to the numerous volunteers who assist the Centre to achieve its objectives in providing a much needed service for its disabled clients. The ever increasing waiting list for vacancies says much for their performance and the care they provide to the disabled riders.

Public benefit
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s general guidance on public benefit.

The Trustees have referred to the guidance in the Charity Commission’s general guidance on Public Benefit when reviewing aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity continues to provide subsidised riding facilities to the disabled.

Fundraising activities
The fundraising activities of the charity are primarily the provision of riding lessons, stabling facilities and catering.

FINANCIAL REVIEW
Principal funding sources
Major source of funding for this charity is the donations it receives from Leybourne Grange Riding & Tuition Limited, totalling £21,064 (2023:£23,214) and donations for the use of the Charity's equipment totalling £56,832 (2023: £50,952) for the year to 30th September 2024. Other small donations are received throughout the year from the general public.

Reserves policy
The charitable company has a reserve fund which has been set aside as a contingency fund. Its primary purpose is for the possible purchase of the land which is currently leased, but which will be sold as part of a development programme. This would ensure the continuance of the Centre and the service it provides. The amount of the fund is increased as and when the Centre receives donations which are not required for day to day running costs.

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

Recruitment and appointment of new trustees
In the event of the current trustees resigning, the remaining trustees would look to one or more of the adult volunteers at the Centre who have shown interest and commitment over several years.

Related parties
All the directors of the company are also trustees of the charity, and their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Act. The directors are members of the company.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02719344 (England and Wales)


Leybourne Grange Riding Centre
for the Disabled (Registered number: 02719344)

Report of the Trustees
for the Year Ended 30 September 2024

Registered Charity number
1015540

Registered office
The Riding Centre
Birling Road
Leybourne
West Malling
Kent
ME19 5HZ

Trustees
Ms J Fletcher Trustee
Ms J A Wright Trustee
Mrs A L O'Dell Trustee

Independent Examiner
John Champion
McLean Reid
Chartered Accountants
1 Forstal Road
Aylesford
Kent
ME20 7AU

Approved by order of the board of trustees on 18 April 2025 and signed on its behalf by:





Ms J Fletcher - Trustee

Independent Examiner's Report to the Trustees of
Leybourne Grange Riding Centre
for the Disabled

Independent examiner's report to the trustees of Leybourne Grange Riding Centre for the Disabled ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 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.








John Champion

McLean Reid
Chartered Accountants
1 Forstal Road
Aylesford
Kent
ME20 7AU

21 April 2025

Leybourne Grange Riding Centre
for the Disabled

Statement of Financial Activities
for the Year Ended 30 September 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 160,183 153,265

Other trading activities 2 69,792 71,754
Investment income 3 5,961 2,059
Other income 5,442 5,588
Total 241,378 232,666

EXPENDITURE ON
Raising funds 79,389 87,385

Charitable activities
Riding facilities to the disabled 142,840 157,431
Total 222,229 244,816

NET INCOME/(EXPENDITURE) 19,149 (12,150 )


RECONCILIATION OF FUNDS
Total funds brought forward 275,045 287,195

TOTAL FUNDS CARRIED FORWARD 294,194 275,045

Leybourne Grange Riding Centre
for the Disabled (Registered number: 02719344)

Balance Sheet
30 September 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 63,395 69,263

CURRENT ASSETS
Debtors 9 28,195 16,311
Cash at bank and in hand 205,680 198,358
233,875 214,669

CREDITORS
Amounts falling due within one year 10 (3,076 ) (8,887 )

NET CURRENT ASSETS 230,799 205,782

TOTAL ASSETS LESS CURRENT LIABILITIES 294,194 275,045

NET ASSETS 294,194 275,045
FUNDS 11
Unrestricted funds 294,194 275,045
TOTAL FUNDS 294,194 275,045

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.


Leybourne Grange Riding Centre
for the Disabled (Registered number: 02719344)

Balance Sheet - continued
30 September 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 18 April 2025 and were signed on its behalf by:





Ms J Fletcher - Trustee





Mrs A L O'Dell - Trustee





Ms J A Wright - Trustee

Leybourne Grange Riding Centre
for the Disabled

Notes to the Financial Statements
for the Year Ended 30 September 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.

The trustees consider that there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income
All income is recognised in the Statement of Financial Activities once the charity 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 expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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


Short leasehold - 10% on cost and 5% on cost
Plant and machinery - 10% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Leybourne Grange Riding Centre
for the Disabled

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Temporary letting and licensing of charitable property 10,426 12,660
Tuition fees and hire of hats 59,366 59,094
69,792 71,754

3. INVESTMENT INCOME
2024 2023
£    £   
Bank deposit interest 5,961 2,059

4. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 5,868 10,403
Hire of plant and machinery - 414

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
General administration 7 7

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 153,265

Other trading activities 71,754
Investment income 2,059
Other income 5,588
Total 232,666

EXPENDITURE ON
Raising funds 87,385

Charitable activities
Riding facilities to the disabled 157,431

Leybourne Grange Riding Centre
for the Disabled

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
Total 244,816

NET INCOME/(EXPENDITURE) (12,150 )


RECONCILIATION OF FUNDS
Total funds brought forward 287,195

TOTAL FUNDS CARRIED FORWARD 275,045

8. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 October 2023 and 30 September 2024 168,105 47,759 215,864
DEPRECIATION
At 1 October 2023 119,910 26,691 146,601
Charge for year 1,880 3,988 5,868
At 30 September 2024 121,790 30,679 152,469
NET BOOK VALUE
At 30 September 2024 46,315 17,080 63,395
At 30 September 2023 48,195 21,068 69,263

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,500 306
Leybourne Riding School 9,348 10,168
Accrued income 11,014 846
Prepayments 4,333 4,991
28,195 16,311


Leybourne Grange Riding Centre
for the Disabled

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 5,885
Other creditors 382 471
Accrued expenses 2,694 2,531
3,076 8,887

11. MOVEMENT IN FUNDS
Net
At movement At
1.10.23 in funds 30.9.24
£    £    £   
Unrestricted funds
General fund 275,045 19,149 294,194

TOTAL FUNDS 275,045 19,149 294,194

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 241,378 (222,229 ) 19,149

TOTAL FUNDS 241,378 (222,229 ) 19,149


Comparatives for movement in funds

Net
At movement At
1.10.22 in funds 30.9.23
£    £    £   
Unrestricted funds
General fund 287,195 (12,150 ) 275,045

TOTAL FUNDS 287,195 (12,150 ) 275,045

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 232,666 (244,816 ) (12,150 )

TOTAL FUNDS 232,666 (244,816 ) (12,150 )

Leybourne Grange Riding Centre
for the Disabled

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.10.22 in funds 30.9.24
£    £    £   
Unrestricted funds
General fund 287,195 6,999 294,194

TOTAL FUNDS 287,195 6,999 294,194

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 474,044 (467,045 ) 6,999

TOTAL FUNDS 474,044 (467,045 ) 6,999

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2024.