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COMPANY REGISTRATION NUMBER: 03340120
CHARITY REGISTRATION NUMBER: 1062577
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2024
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2024
Page
Trustees' annual report (incorporating the directors' report)
1
Independent examiner's report to the trustees
6
Statement of financial activities (including income and expenditure account)
7
Balance sheet
8
Notes to the financial statements
9
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report)
Year ended 31 August 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2024 .
Reference and administrative details
Registered charity name
The R.D.A. Centre In Cleveland Limited
Charity registration number
1062577
Company registration number
03340120
Principal office and registered
The Unicorn Centre
office
Stainton Way
Hemlington
Middlesbrough
TS8 9LX
The trustees
J Rubin
J M Elphee
I N Scrutton
S Gaffney
J Northend
P White
J A Jackson
M S Mitchell
(Resigned 14 February 2024)
S M Colman
(Appointed 14 January 2025)
E L Harbron
(Appointed 14 January 2025)
S L Marshall
(Appointed 14 January 2025)
R D Webber
(Appointed 14 January 2025)
Independent examiner
Martin Firth BA, FCA
Chipchase Manners
384 Linthorpe Road
Middlesbrough
TS5 6HA
Structure, governance and management
The charity is constituted as a company, limited by guarantee, and is therefore governed by its memorandum and articles of association. The company does not have a share capital and the liability of each member is limited to £1 in the event of a winding up. The principal activity of the company is to provide for the relief of disabled persons by the provision or assistance in the provision of facilities for riding and other associated activities to further the objects of the Riding for the Disabled Association. The charity proposes to achieve its objective by providing, managing and operating a riding centre at Stainton Way, Hemlington.
The company is registered as a charity and its charity number is 1062577 .
Objectives and activities
In order to meet its objectives as part of the Riding for the Disabled Association group, the charity carries out a number of different activities in the Tees Valley area including: providing a high standard of professional tuition for riders with disabilities; providing education and training towards nationally recognised qualifications to people with additional learning needs, and providing volunteering opportunities to people of all ages and abilities in order to assist the charity in achieving its charitable activities. We have begun a series of visits out to the community with our therapy pony. The Trustees confirm that they have referred to the guidance contained in the Charity Commissions' general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
Achievements and performance
Overview
We have continued to be challenged by the impact of Covid and the pressures on charities to succeed in a world of challenges. However we continue with riding lessons and welcome new participants and school groups to our centre.
The Supported Volunteer Programme has continued to expand, and the support staff continue to deliver a varied and successful programme working towards Asdan qualifications. Many thanks to the SV support staff and trustees who help to run this programme.
Our essential independent volunteering programme continues successfully and is coordinated by our volunteer coordinator. We need to continue to make best use of our volunteers and to look at new ways to attract more, possibly younger, volunteers as there will be an inevitable turnover in numbers. Thank you.
The Board of Trustees are very appreciative of the commitment that the staff team put in to ensure the successful day to day running of the Centre and the welfare of our horses and ponies.
The Board of Trustees have also worked tirelessly to work with our staff team to ensure they are supported, and they have also taken a more active role in the delivery and management of many of our objectives. The Trustees' areas of expertise have been harnessed and used in a way that will ensure a new way of working for the future and benefit of the Centre. Their skills identified and utilised for the benefit of our Centre, and we have begun to engage more widely with our community to look at how we work with them and deliver what is needed to ensure our success for the future. The board members work very hard behind the scenes and spend many long hours ensuring we comply and achieve our objectives. Thank you to all of them.
The financial impact of Covid still impacts on our services and we have continued to look at a streamlined business model to create a financially sustainable future with a focus on the priority areas of growth in lessons, expanding our volunteer programme and the Supported Volunteers programme. We actively source new grant funding to support us with projects, core costs and maintenance. We would like to be looking at expanding equine therapy services and other projects which harness our expertise and enable our participants to benefit from these.
The Centre staff and Trustees continue to implement a rolling review of all the Centre's policies in line with current legislation.
Staffing
Our new part time Equine Operations manager worked hard to establish new ideas and her routine into the yard. She gained her RDA coaching qualifications alongside already holding the relevant BHS coaching qualifications. We continued to source new RDA coaches to enable us to deliver our lessons. The yard team was reviewed as was the office team. We gained some new staff and sadly lost some too. We had some serious staffing issues and challenges which with the help of our HR company were eventually resolved but not without a huge impact on our staff team and the board. Our equine operations manager left us due to health reasons in September. A new chair P White was appointed and continued until her resignation in January 2024. M Mitchell stood in as chair until mid-February when due to health he resigned. We continued with no Chair until May when JR stood back up as Interim Chair. We issued at "at risk of redundancy" letter to our staff team in March 2024 and worked closely with our HR team to manage this. We held staff meetings during that time to discuss the future of the centre.
Equine Team
All our horses are cared for expertly by the Centre staff solely for our participants' benefit. We continue to look for suitable horses/ponies who fit our needs. It is a very special horse or pony who can become an RDA horse. The Trustees are particularly appreciative of the hard work and dedication shown by all staff and wish to thank everyone for their efforts.
Qualifications to deliver Training
The Centre has again maintained a very high general standard of qualifications. Two staff achieved their RDA coaching qualifications, and one volunteer achieved their RDA qualifications Various BHS qualifications were also achieved. Others maintained their qualifications. All staff continue to take part in a series of training sessions and CPD events including First Aid and Safeguarding.
Safeguarding
The Centre continued with safeguarding as part of the induction process for all volunteers and the roll-out of three yearly disclosure renewals for volunteers. The Safeguarding policy and procedures are reviewed and updated regularly with all staff and Trustees.
British Dressage
We continue to operate a once monthly BD Quest competition. This event is very popular and is run very efficiently by staff and volunteers.
Volunteers
We recognise the importance of our team of volunteers and continue to appreciate their support. We try to organise a varied training programme to facilitate their development. We continue to look at ways of attracting new volunteer and have been working closely with MVDA to source their support.
Supported Volunteers
Our Supported Volunteer Programme allows disabled people to access volunteering under guidance from Support Workers who are funded by the programme. We really appreciate their support and enthusiasm. Our Trustees and staff continue to commit to and participate in the efficient running of the programme and the increased involvement of Trustees has been particularly appreciated and enjoyed by both participants and Trustees alike. The programme for the supported volunteers is very varied with horse care, yard work, riding, sewing, painting, project work and Asdan delivery. They form an integral part of our Centre and their enthusiasm at events is great to see.
Horses
Our Centre maintains a reduced stable of horses and ponies. Their changing needs have been kept under close review. They represent the core of our business, and their welfare is paramount. Hambleton Equine Group manage our equine care, and we really appreciate the amazing role they play in maintaining our equine team's health. Alongside our farrier and physiotherapist, the team is extremely well cared for. We obtained the services of an equine nutritionist who has transformed our feeding regime and now regularly monitors the horses' weights. We continue to follow RDA and BHS guidance regarding the vaccination programmes. All disease precautions and biosecurity tightened in the event of any equine disease outbreaks. We have an active retirement programme which allows our horses and ponies to continue to enjoy life outside of the centre when the right time comes. Our therapy pony Acer, a miniature Shetland, provides therapy services to add to our services. His visits to the community are highly appreciated. He has already visited schools and care homes and is a regular visitor to our tea with a pony session. We successfully achieved our Council and BHS license.
Participants (Riders)
Riders are our core, and we continue to welcome new riders and encourage new riders to join us. New rider applications are managed via Assessments and then the riders are fitted into slots where available. We continue to operate a waiting list.
Blackberry (mechanical horse)
Our riding horse simulator "Blackberry" continues to be a valued resource particularly in assessing riders before returning to lessons or offering lessons to riders who cannot ride on our horses for whatever reason.
Tea with a Pony
These sessions operate monthly for people living with Dementia or similar conditions. They are incredibly rewarding to all involved and demonstrate the beneficial effect of equine therapy. Delicious tea and cake help too! We continue to be certificated as being Dementia Aware.
Fundraising
The Centre charges fees for its services delivering lessons to our participants, but these are kept as low as possible to reflect the charitable nature of the Centre's work. This however is not sufficient to maintain the business completely and we rely upon the generosity of individuals and grant making bodies to allow us to continue in the efficient running of the Centre and the pursuit of projects. Smaller events take place throughout the year with our bigger fund-raising activities including Unicorn Day, the Dog show, Pony Rides to Santa, and many other events. Our financial position has inspired both trustees, staff and volunteers to look at different ways to fundraise and to look outside of the box to attract contributions. We have seen renewed enthusiasm to raise extra funds. Where possible we source match funding for events.
Financial review
The impact of the Covid pandemic is very serious and will be ongoing. It has facilitated reflection on the Centre's business model and its shortcomings with the clear and inevitable outcome that the Centre will require a considerable period of time to become financially stable and viable. New innovative approaches will be needed as well as a positive business case for all future proposals.
The charity's incoming resources consisted mainly of income from charitable activities, which shows a increase compared to the previous 12 month period.
The Endowment Fund (Facility Construction Fund 1998) deficit reflects the high incidence of depreciation and amortisation charged in respect of endowment fund assets.
The balance sheet shows aggregate reserves of £615,295 with £537,596 of the reserves being held in the endowment funds, notably the substantial investment in the leasehold premises of the charity. The Unrestricted fund shows a loss for the year of £36,133.
The unrestricted/general fund has reserves of £73,643 at 31 August 2024.
The Restricted funds shows a loss of £5,077.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report (incorporating the directors' report) was approved on 22 May 2025 and signed on behalf of the board of trustees by:
J Rubin Director
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The R.D.A. Centre In Cleveland Limited
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of The R.D.A. Centre In Cleveland Limited ('the charity') for the year ended 31 August 2024.
Responsibilities and basis of report
As the 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 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 the 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 charity 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).
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.
Martin Firth BA, FCA Independent Examiner
Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA
22 May 2025
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2024
2024
2023
Unrestricted funds
Restricted funds
Endowment funds
Total funds
Total funds
Note
£
£
£
£
£
Income and endowments
Donations and legacies
5
19,885
2,611
22,496
34,285
Charitable activities
6
157,113
157,113
151,703
Other trading activities
7
26,894
1,145
28,039
17,491
Investment income
8
1,543
1,543
1,120
---------
-------
----
---------
---------
Total income
205,435
3,756
209,191
204,599
---------
-------
----
---------
---------
Expenditure
Expenditure on raising funds:
Costs of other trading activities
9
1,401
783
2,184
1,951
Expenditure on charitable activities
10,11
240,167
8,050
29,325
277,542
309,732
---------
-------
--------
---------
---------
Total expenditure
241,568
8,833
29,325
279,726
311,683
---------
-------
--------
---------
---------
---------
-------
--------
---------
---------
Net expenditure and net movement in funds
( 36,133)
( 5,077)
( 29,325)
( 70,535)
( 107,084)
---------
-------
--------
---------
---------
Reconciliation of funds
Total funds brought forward
109,776
9,133
566,921
685,830
792,914
---------
-------
---------
---------
---------
Total funds carried forward
73,643
4,056
537,596
615,295
685,830
---------
-------
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Balance Sheet
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
17
538,226
567,394
Current assets
Stocks
18
24,500
18,700
Debtors
19
6,424
5,037
Cash at bank and in hand
80,833
104,118
---------
---------
111,757
127,855
Creditors: amounts falling due within one year
20
34,688
9,419
---------
---------
Net current assets
77,069
118,436
---------
---------
Total assets less current liabilities
615,295
685,830
---------
---------
Net assets
615,295
685,830
---------
---------
Funds of the charity
Endowment funds
537,596
566,921
Restricted funds
4,056
9,133
Unrestricted funds
73,643
109,776
---------
---------
Total charity funds
22
615,295
685,830
---------
---------
For the year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
J Rubin
Trustee
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Unicorn Centre, Stainton Way, Hemlington, Middlesbrough, TS8 9LX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Gift Aid is recognised where applicable and is included in sundry donations received in the statement of financial activities. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
Straight line over 50 years
Fixtures and fittings
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The R.D.A. Centre In Cleveland Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Sundry donations
18,778
2,611
21,389
Rural Payments Agency
1,107
1,107
--------
-------
--------
19,885
2,611
22,496
--------
-------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Sundry donations
28,515
5,000
33,515
Rural Payments Agency
770
770
--------
-------
--------
29,285
5,000
34,285
--------
-------
--------
6. Charitable activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Participants lessons
60,301
60,301
67,827
67,827
Supported volunteers programme
96,636
96,636
82,974
82,974
Access to work scheme
176
176
902
902
---------
---------
---------
---------
157,113
157,113
151,703
151,703
---------
---------
---------
---------
7. Other trading activities
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Fundraising events
23,028
1,145
24,173
Facilities hire
3,341
3,341
Sale of sundry goods
525
525
--------
-------
--------
26,894
1,145
28,039
--------
-------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Fundraising events
16,136
16,136
Facilities hire
1,330
1,330
Sale of sundry goods
25
25
--------
----
--------
17,491
17,491
--------
----
--------
8. Investment income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Bank interest receivable
1,543
1,543
1,120
1,120
-------
-------
-------
-------
9. Costs of other trading activities
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Fundraising costs
1,401
783
2,184
-------
----
-------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Fundraising costs
1,841
110
1,951
-------
----
-------
10. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Endowment Funds
Total Funds 2024
£
£
£
£
Lessons and training
140,904
7,212
29,325
177,441
Support costs
99,263
838
100,101
---------
-------
--------
---------
240,167
8,050
29,325
277,542
---------
-------
--------
---------
Unrestricted Funds
Restricted Funds
Endowment Funds
Total Funds 2023
£
£
£
£
Lessons and training
115,968
20,773
29,325
166,066
Support costs
143,468
198
143,666
---------
--------
--------
---------
259,436
20,971
29,325
309,732
---------
--------
--------
---------
11. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Lessons and training
177,441
25,726
203,167
192,379
Governance costs
74,375
74,375
117,353
---------
---------
---------
---------
177,441
100,101
277,542
309,732
---------
---------
---------
---------
12. Analysis of support costs
Governance costs
Total 2024
Total 2023
£
£
£
General office expenses
1,654
1,654
3,878
Staff costs
64,565
64,565
106,551
Accountancy, legal and professional fees
7,142
7,142
5,879
Advertising
247
247
378
Bank charges
767
767
667
--------
--------
---------
74,375
74,375
117,353
--------
--------
---------
13. Net expenditure
Net expenditure is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
29,455
29,482
--------
--------
14. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
3,150
3,000
-------
-------
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
162,535
157,891
Employer contributions to pension plans
2,492
2,104
---------
---------
165,027
159,995
---------
---------
The average head count of employees during the year was 18 (2023: 21 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Trustees
7
9
Staff
11
12
----
----
18
21
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
16. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
17. Tangible fixed assets
Long leasehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 September 2023
1,466,227
32,349
1,498,576
Additions
287
287
------------
--------
------------
At 31 August 2024
1,466,227
32,636
1,498,863
------------
--------
------------
Depreciation
At 1 September 2023
899,306
31,876
931,182
Charge for the year
29,325
130
29,455
------------
--------
------------
At 31 August 2024
928,631
32,006
960,637
------------
--------
------------
Carrying amount
At 31 August 2024
537,596
630
538,226
------------
--------
------------
At 31 August 2023
566,921
473
567,394
------------
--------
------------
18. Stocks
2024
2023
£
£
Horses
24,500
18,700
--------
--------
19. Debtors
2024
2023
£
£
Trade debtors
5,370
3,349
Prepayments and accrued income
1,054
1,688
-------
-------
6,424
5,037
-------
-------
20. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,533
5,662
Accruals and deferred income
3,160
3,010
Social security and other taxes
1,942
259
Other creditors
25,053
488
--------
-------
34,688
9,419
--------
-------
21. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 2,492 (2023: £ 2,104 ).
22. Analysis of charitable funds
Unrestricted funds
At 1 September 2023
Income
Expenditure
Transfers
At 31 August 2024
£
£
£
£
£
General funds
109,776
205,435
(241,568)
73,643
---------
---------
---------
----
--------
At 1 September 2022
Income
Expenditure
Transfers
At 31 August 2023
£
£
£
£
£
General funds
164,628
199,599
(261,277)
6,826
109,776
---------
---------
---------
-------
---------
The general fund represents the income received and expenditure incurred in providing the services and activities of the charity.
Restricted funds
At 1 September 2023
Income
Expenditure
Transfers
At 31 August 2024
£
£
£
£
£
Restricted Funds
9,133
3,756
(8,833)
4,056
-------
-------
-------
----
-------
At 1 September 2022
Income
Expenditure
Transfers
At 31 August 2023
£
£
£
£
£
Restricted Funds
32,040
5,000
(21,081)
(6,826)
9,133
--------
-------
--------
-------
-------
Analysis of the restricted funds is as follows:
At 1 September 2023
Income
Expenditure
Transfers
At 31 August 2024
£
£
£
£
£
RDA National Championship
3,042
(1,762)
1,280
MBC Infection Control Grant
244
244
BHS Covid Grant
800
(800)
MBC Community Grant Fund Small Grant
146
146
Toyota Parasports Grant
650
238
(888)
Arnold Clarke Community Fund
1,073
(653)
420
Together Initiative
3,178
(3,178)
D Coombes Birthday Fundraiser
1,145
(772)
373
Nikita's Climb Up Roseberry Topping
1,065
(780)
285
Co-op Community Fund Grant
1,308
1,308
-------
-------
-------
----
-------
Total
9,133
3,756
(8,833)
4,056
-------
-------
-------
----
-------
Purposes of restricted funds
RDA National Championships funding - Provided as contributions towards costs relating to the RDA National Championships.
MBC IPC Grant - Provided for Covid-secure measures for the return of SVP day service provision. The grant was expensed on a hand wash sink and three riding hats.
BHS Hardship Fund Grants - Provided as contributions towards the costs of maintaining the wellbeing of horses and ponies. It is for the costs of feed, bedding, farrier and veterinary costs during Covid-19.
MBC Community Grant Fund - Provided as contributions towards the cost of purchasing gardening equipment.
Toyota Parasports Grant - Provided as contributions towards the costs of freelance instructors.
Arnold Clarke Community Fund - Provided as contributions towards the purchase of riding equipment.
Together Initiative - Provided as contributions towards volunteering, including training volunteers.
There are new restricted funds introduced this year for D Coombes Birthday Fundraiser, Nikita's Climb Up Roseberry Topping and Co-op Community Fund Grant.
Endowment funds
At 1 September 2023
Income
Expenditure
Transfers
At 31 August 2024
£
£
£
£
£
Facility Construction Fund 1998
(566,921)
29,325
(537,596)
---------
----
--------
----
---------
At 1 September 2022
Income
Expenditure
Transfers
At 31 August 2023
£
£
£
£
£
Facility Construction Fund 1998
(596,246)
29,325
(566,921)
---------
----
--------
----
---------
Monies were received during previous years by way of funding from the Lottery Sports Fund, the Foundation for the Sports and Arts and other donations in connection with the construction and equipping of a purpose built riding centre and this is regarded as a specific restricted project.
23. Analysis of net assets between funds
Unrestricted Funds
Restricted Funds
Endowment Funds
Total Funds 2024
£
£
£
£
Tangible fixed assets
630
537,596
538,226
Current assets
107,701
4,056
111,757
Creditors less than 1 year
(34,688)
(34,688)
---------
-------
---------
---------
Net assets
73,643
4,056
537,596
615,295
---------
-------
---------
---------
Unrestricted Funds
Restricted Funds
Endowment Funds
Total Funds 2023
£
£
£
£
Tangible fixed assets
473
566,921
567,394
Current assets
118,722
9,133
127,855
Creditors less than 1 year
(9,419)
(9,419)
---------
-------
---------
---------
Net assets
109,776
9,133
566,921
685,830
---------
-------
---------
---------