Caseware UK (AP4) 2024.0.164 2024.0.164 Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31178240235648041892844283926633No description of principal activity2025-01-01false2025-12-31 SC289513 2025-01-01 2025-12-31 SC289513 2024-01-01 2024-12-31 SC289513 2025-12-31 SC289513 2024-12-31 SC289513 2025-01-01 SC289513 2024-01-01 SC289513 c:CompanySecretary1 2025-01-01 2025-12-31 SC289513 c:RegisteredOffice 2025-01-01 2025-12-31 SC289513 d:Buildings 2025-01-01 2025-12-31 SC289513 d:Buildings 2025-12-31 SC289513 d:Buildings 2024-12-31 SC289513 d:Buildings d:LongLeaseholdAssets 2025-01-01 2025-12-31 SC289513 d:Buildings d:LongLeaseholdAssets 2025-12-31 SC289513 d:Buildings d:LongLeaseholdAssets 2024-12-31 SC289513 d:PlantMachinery 2025-01-01 2025-12-31 SC289513 d:PlantMachinery 2025-12-31 SC289513 d:PlantMachinery 2024-12-31 SC289513 d:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 SC289513 d:OtherPropertyPlantEquipment 2025-12-31 SC289513 d:OtherPropertyPlantEquipment 2024-12-31 SC289513 d:CurrentFinancialInstruments 2025-12-31 SC289513 d:CurrentFinancialInstruments 2024-12-31 SC289513 c:FRS102 2025-01-01 2025-12-31 SC289513 c:IndependentExaminationCharity 2025-01-01 2025-12-31 SC289513 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC289513 b:Trustee1 2025-01-01 2025-12-31 SC289513 b:Trustee2 2025-01-01 2025-12-31 SC289513 b:Trustee3 2025-01-01 2025-12-31 SC289513 b:Trustee4 2025-01-01 2025-12-31 SC289513 b:Trustee6 2025-01-01 2025-12-31 SC289513 b:Trustee7 2025-01-01 2025-12-31 SC289513 b:Trustee8 2025-01-01 2025-12-31 SC289513 b:Trustee9 2025-01-01 2025-12-31 SC289513 b:Trustee10 2025-01-01 2025-12-31 SC289513 b:Trustee11 2025-01-01 2025-12-31 SC289513 b:Trustee12 2025-01-01 2025-12-31 SC289513 b:Trustee13 2025-01-01 2025-12-31 SC289513 b:Trustee14 2025-01-01 2025-12-31 SC289513 b:Trustee15 2025-01-01 2025-12-31 SC289513 b:Trustee16 2025-01-01 2025-12-31 SC289513 b:UnrestrictedFundsGeneral 2025-01-01 2025-12-31 SC289513 b:RestrictedIncomeFunds 2025-01-01 2025-12-31 SC289513 b:RestrictedIncomeFunds 2024-01-01 2024-12-31 SC289513 b:TotalEndowmentFunds 2025-01-01 2025-12-31 SC289513 b:TotalEndowmentFunds 2024-01-01 2024-12-31 SC289513 b:UnrestrictedFundsGeneral 2025-12-31 SC289513 b:UnrestrictedFundsGeneral 2024-12-31 SC289513 b:RestrictedIncomeFunds 2025-12-31 SC289513 b:RestrictedIncomeFunds 2024-12-31 SC289513 b:TotalEndowmentFunds 2025-12-31 SC289513 b:TotalEndowmentFunds 2024-12-31 SC289513 c:ChiefExecutive 2025-01-01 2025-12-31 SC289513 1 2025-01-01 2025-12-31 SC289513 1 2024-01-01 2024-12-31 SC289513 b:RestrictedIncomeFunds 1 2025-01-01 2025-12-31 SC289513 b:TotalEndowmentFunds 1 2025-01-01 2025-12-31 SC289513 1 2025-12-31 SC289513 3 2025-12-31 SC289513 1 2024-12-31 SC289513 3 2024-12-31 SC289513 b:Activity1 2025-01-01 2025-12-31 SC289513 b:FundraisingEvents b:Activity1 b:TotalEndowmentFunds 2025-01-01 2025-12-31 SC289513 b:FundraisingEvents b:Activity1 2025-01-01 2025-12-31 SC289513 b:FundraisingEvents b:Activity1 2024-01-01 2024-12-31 SC289513 b:FundraisingEvents b:TotalEndowmentFunds 2024-01-01 2024-12-31 SC289513 b:FundraisingEvents 2024-01-01 2024-12-31 SC289513 b:TotalUnrestrictedFunds 2025-12-31 SC289513 b:TotalUnrestrictedFunds 2024-12-31 SC289513 c:FullAccounts 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: SC289513
Charity number: SC028621














ANGUS RIDING FOR THE DISABLED
  (A company limited by guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

 
ANGUS RIDING FOR THE DISABLED
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the Company, its Trustees and advisers
1
Trustees' report
2 - 5
Independent examiner's report
6
Statement of financial activities
7
Balance sheet
8
Notes to the financial statements
9 - 23

 
ANGUS RIDING FOR THE DISABLED
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2025



Trustees
Dr Alistair Crozier, Director/Chair
Irene Reid, Director/Committee Member
Tricia McIntosh, Director/Committee Member
Lynne Mustard, Director/Treasurer
Graeme Horton, Committee Member
Gary Reid, Committee Member
Sarah Gibson, Committee Member
Forbes Inglis, Ordinary Member
Marjory Inglis, Ordinary Member
Karrena Kerr, Ordinary Member
Katie Gerrard, Ordinary Member
Louise Anderson, Ordinary Member
Wayne Gorman, Ordinary Member
Maria Stewart, Ordinary Member
Derek Fraser, Ordinary Member

Company registered number
SC289513

Charity registered number
SC028621

Registered office
South Bottymyre
Inverarity
By Forfar
DD8 2JR

Company secretary
Joanne Horton

Chief executive officer
Dr Alistair Crozier

Accountants
EQ Accountants Limited
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ

Page 1

 
ANGUS RIDING FOR THE DISABLED
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of the Angus Riding for the Disabled for the  1 January 2025 to 31 December 2025The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The principal object of the company is to provide horse riding facilities for the disabled.
 

b. Activities undertaken to achieve objectives
 

The company owns ponies and horses and has helpers and instructors to provide horse riding facilities to the disabled.
 

c. Volunteers
 

We have 25 regular volunteers throughout the year. 7 new volunteers started with us this year, and 4 left.
 
Page 2

 
ANGUS RIDING FOR THE DISABLED
 
(A company limited by guarantee)
 
Achievements and performance
 

a. Review of activities
 

Riders
We started 6 new riders in total, 1 of them returning to riding after a couple of years off. 1 of our exsisting riders decided to step down at the end of the year to try other activities.
Ponies
We sold Leo to one of our volunteers. He never settled fully to RDA work and would not stand at the mounting block, which made mounting the riders more difficult.
Volunteers
We had 3 new volunteers start with us this year. 2 of our very reliable exsisting volunteers stepped down to attend University but hope to help during holidays etc.
One of our riders started volunteering with us too on a Saturday morning.
Thank you to all of our volunteers who come along every week, we could not operate without their help.
General
We held our usual Group Competitions – Handy Pony, Dressage and Horse Care and Knowledge - with all riders putting in a good effort.
Our Annual Coffee Morning and Raffle was held in November and it raised just over £1,600. Thank you to everyone who supported us with raffle donations, cake and candy, bric a brac, tombola prizes and to everyone who helped on the day.
Our prize giving at the end of the year was well attended.
We grew our own hay this year. With many thanks to the Jackson family for fertilising, cutting, turning and baling it as a donation to the group. It is lovely hay, due to the hot summer we didn't get as many bales as we had hoped to feed the horses for the year, which resulted in us purchasing an additional 40 bales from Alistair Hodnett that were delivered in December.
Thanks once again to the Stodart family who donated our straw.
 

b. Investment policy and performance
 

In accordance with the Memorandum of Association, the Committee Members have the power to invest in such stocks, shares, investments and property in the UK as they see fit. A specialist investment management firm provides an investment advisory service and maintains the portfolio. The portfolio is managed on a discretionary basis with the objective of producing a balance of income and capital growth. As the portfolio is exclusively equity investments, the risk profile is medium/high. No investments are to be made in companies involved in animal testing.
 
Page 3

 
ANGUS RIDING FOR THE DISABLED
 
(A company limited by guarantee)
 
Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

b. Reserves policy
 

As a result of activities taking place during the year the total of unrestricted funds is £946,422 (2024 - £891,201).
The Unrestricted funds consist of general funds of £194,921, a designated fund for purchasing horses of £7,500 and the Gilfrin Bequest fund of £744,001. The Gilfrin Bequest fund is held in investments at the moment and the income from these investments will continue to maintain the running costs for the foreseeable future.
 

Structure, governance and management
 

a. Constitution
 

The company, which is a recognised charity in Scotland, is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 31/10/2005 . The registered charity number is SC028621.
 

b. Methods of appointment or election of Trustees
 

The management of the company is the responsibility of the Committee Members who are elected and co-opted under the terms of the Articles of Association.
Every person who wishes to become a Member shall apply to the Committee and this application may be approved or rejected by the Committee.
All Committee Members shall retire from office at the Annual General Meeting and will offer themselves for re-election.
 

c. Organisational structure and decision-making policies
 

The company has Committee Members consisting of a Chairman, Treasurer and not more than 8 other elected Committee Members.  
The company also has Ordinary Members who are entitled to vote at meetings. A quorum of 20 Members or 10% of Members, whichever is less, is needed for votes to be taken at any meeting.
 

d. Financial risk management
 

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
 

Page 4

 
ANGUS RIDING FOR THE DISABLED
 
(A company limited by guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company 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).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees on 25 April 2026 and signed on their behalf by:
 




Dr Alistair Crozier
Chairman
Page 5

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANGUS RIDING FOR THE DISABLED
 
I report on the accounts of the company for the year ended 31 December 2025 which are set out on pages 7 to 23.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

INDEPENDENT EXAMINER'S STATEMENT

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

1.
which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and

to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

2.
to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.


This report is made solely to the company's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.



Signed:  Angela Haig                                                Dated: 28 April 2026

Angela Haig      CA CTA 

EQ ACCOUNTANTS LIMITED
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
Page 6

 
ANGUS RIDING FOR THE DISABLED
 
(A company limited by guarantee)


 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2025


Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
Note
        £
        £
        £
        £

Income from:







Donations and legacies

3

9,000

36,248

45,248

52,909
 
Other trading activities

4

-

1,410

1,410

1,357
 
Investments

5

-

20,787

20,787

21,861
 
Other income

6

-

3,000

3,000

2,250
 
Total income
9,000
61,445
70,445
78,377
Expenditure on:







Raising funds

7

-

5,864

5,864

5,989
 
Charitable activities

8

9,000

76,693

85,693

69,359
 
Total expenditure
9,000
82,557
91,557
75,348

Net (expenditure)/income before net gains on investments

  

-

(21,112)

(21,112)

3,029
 
Net gains on investments

  

-

76,333

76,333

12,671
 
Net movement in funds before other recognised gains/(losses)

  

-

55,221

55,221

15,700
 
Net movement in funds
  
-
55,221
55,221
15,700

Reconciliation of funds:

  





Total funds brought forward

  

-

891,201

891,201

875,501
 
Net movement in funds

  

-

55,221

55,221

15,700
 
Total funds carried forward
  
-
946,422
946,422
891,201

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

The notes on pages 9 to 23 form part of these financial statements.

Page 7

 
ANGUS RIDING FOR THE DISABLED
 
(A company limited by guarantee)
REGISTERED NUMBER: SC289513


 
BALANCE SHEET
AS AT 31 DECEMBER 2025


2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 13 
189,513
195,619

Investments
 14 
744,001
670,981

  
933,514
866,600

Current assets
  

Debtors
 15 
1,812
1,895

Cash at bank and in hand
  
14,978
25,671

  
16,790
27,566

Current liabilities
  

Creditors: amounts falling due within one year
 16 
(3,882)
(2,965)

Net current assets 
  
 
 
12,908
 
 
24,601

Total assets less current liabilities
  
946,422
891,201

Total net assets 
  
946,422
891,201


Charity funds
  

Unrestricted funds
 17 
946,422
891,201

Total funds
  
946,422
891,201

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

The financial statements were approved and authorised for issue by the Trustees on 25 April 2026 and signed on their behalf by:


Dr Alistair Crozier
Chairman

Lynne Mustard
Treasurer

The notes on pages 9 to 23 form part of these financial statements.
Page 8

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

1.


GENERAL INFORMATION

Angus Riding for the Disabled is a charitable company, limited by guarantee, incorporated in Scotland with the registration number SC289513 and is also a registered charity with OSCR registration number SC028621. The registered office is South Bottymyre, Inverarity, By Forfar, DD8 2JR.


2.ACCOUNTING POLICIES

  
2.1

Basis of preparation of financial statements

The financial statements 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 and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Angus Riding for the Disabled meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Page 9

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

  
2.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured. 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Page 10

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

  
2.4

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

 
2.5

Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Property
-
Tenants improvements
-
10% straight Line
Plant and machinery
-
20% reducing balance
Ponies and horses
-
15% reducing balance

  
2.6

Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

Investments held as fixed assets are shown at cost less provision for impairment.

  
2.7

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

  
2.8

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 11

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

  
2.9

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.
Page 12

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

3.

INCOME FROM DONATIONS AND LEGACIES





Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £
 



 
Donations

9,000

25,579

34,579

39,360
 
Grants

-

10,500

10,500

13,250
 
Similar incoming resources

-

169

169

299
 


9,000
36,248
45,248
52,909
Total 2024


9,000
43,909
52,909


4.

INCOME FROM OTHER TRADING ACTIVITIES

Income from fundraising events




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Open Day

1,410

1,410

1,357
 
Total 2024


1,357
1,357


5.

INVESTMENT INCOME




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Investment income

20,551

20,551

21,645
 
Bank interest received

236

236

216
 


20,787
20,787
21,861
Total 2024


21,861
21,861


Page 13

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

6.

OTHER INCOMING RESOURCES




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Rent received

3,000

3,000

2,250
 
Total 2024


2,250
2,250


7.

INVESTMENT MANAGEMENT COSTS




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Investment management fees

5,864

5,864

5,989
 
Total 2024


5,989
5,989

Page 14

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

8.

ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES


Summary by fund type





Restricted funds
2025
Unrestricted funds
2025
Total
2025
Total
2024
        £
        £
        £
        £





Provision of horse riding facilities for disabled children

-

76,693

76,693

60,359
 
Donated facilities

9,000

-

9,000

9,000
 


9,000
76,693
85,693
69,359
Total 2024


9,000
60,359
69,359


9.

ANALYSIS OF EXPENDITURE BY ACTIVITIES





Activities undertaken directly
2025
Support costs
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £





Provision of horse riding facilities for disabled children

48,164

28,529

76,693

60,359
 
Donated facilities

-

9,000

9,000

9,000
 


48,164
37,529
85,693
69,359
Total 2024


49,693
19,666
69,359


Page 15

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

9.ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF DIRECT COSTS




Provision of horse riding
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Staff costs

30,770

30,770

28,145
 
Feed

2,964

2,964

4,159
 
Vet and Medicines

3,305

3,305

4,738
 
Blacksmith

2,211

2,211

2,380
 
Insurance

4,685

4,685

4,554
 
Motor expenses

440

440

325
 
Repairs and maintenance

-

-

472
 
Depreciation

3,306

3,306

4,463
 
Licences

75

75

75
 
Sundry expenses

408

408

382
 


48,164
48,164
49,693
Total 2024


49,693
49,693

Page 16

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

9.ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS





Provision of horse riding
2025
Donated facilities
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £





Rent and rates

586

9,000

9,586

9,548
 
Heat and light

7,229

-

7,229

3,163
 
Telephone

934

-

934

873
 
Printing, stationery and postage

255

-

255

292
 
Equipment hire

140

-

140

936
 
Repairs and maintenance

14,630

-

14,630

1,035
 
Subscriptions

501

-

501

316
 
Training

800

-

800

-
 
Accountancy fees

1,440

-

1,440

1,440
 
Legal and professional fees

1,544

-

1,544

1,600
 
Bank charges

470

-

470

463
 


28,529
9,000
37,529
19,666
Total 2024


10,666
9,000
19,666


10.

INDEPENDENT EXAMINER'S REMUNERATION

The independent examiner's remuneration amounts to an independent examiner fee of £1,440 (2024 - £1,260).

11.



STAFF COSTS


2025
2024
£
£


Wages and salaries
30,770
28,145

30,770
28,145

The average number of persons employed by the Company during the year was as follows:


2025
2024

No.
No.


3
3

Page 17

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

11.STAFF COSTS (CONTINUED)

No employee received remuneration amounting to more than £60,000 in either year.





12.


TRUSTEES' REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 December 2025, no Trustee expenses have been incurred (2024 - £NIL).


13.


TANGIBLE FIXED ASSETS




Property
Tenant's improvements
Plant and machinery
Ponies and horses
Total

£
£
£
£
£


Cost or valuation

At 1 January 2025
177,220
13,619
6,392
25,900
223,131

Disposals
-
-
-
(4,800)
(4,800)


At 31 December 2025

177,220
13,619
6,392
21,100
218,331


Depreciation

At 1 January 2025
-
12,647
6,049
8,816
27,512

Charge for the year
-
969
68
2,121
3,158

On disposals
-
-
-
(1,852)
(1,852)


At 31 December 2025

-
13,616
6,117
9,085
28,818


Net book value


At 31 December 2025
177,220
3
275
12,015
189,513


At 31 December 2024
177,220
972
343
17,084
195,619

Page 18

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

14.


FIXED ASSET INVESTMENTS





Listed investments
Other fixed asset investments
Total

£
£
£



Cost or valuation





At 1 January 2025
647,753
23,228
670,981


Additions
146,043
-
146,043


Disposals
(135,304)
(14,052)
(149,356)


Revaluations
76,333
-
76,333



AT 31 DECEMBER 2025

734,825
9,176
744,001




Net book value






AT 31 DECEMBER 2025
734,825
9,176
744,001



At 31 December 2024
647,753
23,228
670,981


15.



DEBTORS


2025
2024
£
£


Due within one year

Prepayments and accrued income
1,812
1,895

1,812
1,895


16.



CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2025
2024
£
£


Trade creditors
999
746

Other taxation and social security
1,042
830

Accruals and deferred income
1,841
1,389

3,882
2,965

Page 19

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

17.

STATEMENT OF FUNDS


STATEMENT OF FUNDS - CURRENT YEAR

Balance at 1 January 2025
£
Income
£
Expenditure
£
Transfers in/out
£
Gains/
(Losses)
£
Balance at 31 December 2025
£








Designated funds








Pony fund 

7,500

-

-

-

-

7,500
 

General funds








General Fund

212,720

40,894

(76,693)

18,000

-

194,921
 
Gilfrin Bequest Fund 

670,981

20,551

(5,864)

(18,000)

76,333

744,001
 



883,701
61,445
(82,557)
-
76,333
938,922
Total Unrestricted funds




891,201

61,445

(82,557)

-

76,333

946,422

Restricted funds








Notional rent

-

9,000

(9,000)

-

-

-
 

Total of funds


891,201
70,445
(91,557)
-
76,333
946,422
Page 20

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

17.

STATEMENT OF FUNDS (CONTINUED)



STATEMENT OF FUNDS - PRIOR YEAR

Balance at
1 January 2024
£
Income
£
Expenditure
£
Transfers in/out
£
Gains/
(Losses)
£
Balance at
31 December 2024
£

Unrestricted funds







Designated funds








Pony fund 

7,500

-

-

-

-

7,500
 

General funds








General Fund

207,347

47,732

(60,359)

18,000

-

212,720
 
Gilfrin Bequest Fund 

660,654

21,645

(5,989)

(18,000)

12,671

670,981
 



868,001
69,377
(66,348)
-
12,671
883,701
Total Unrestricted funds




875,501

69,377

(66,348)

-

12,671

891,201


Restricted funds








Notional rent

-

9,000

(9,000)

-

-

-
 


Total of funds


875,501
78,377
(75,348)
-
12,671
891,201
Page 21

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

18.

SUMMARY OF FUNDS


SUMMARY OF FUNDS - CURRENT YEAR

Balance at 1 January 2025
£
 
Income
£
 
Expenditure
£
 
Transfers in/out
£
 
Gains/
(Losses)
£
 
Balance at 31 December 2025
£
 
Designated funds

7,500

-

-

-

-

7,500
 
General funds

883,701

61,445

(82,557)

-

76,333

938,922
 
Restricted funds

-

9,000

(9,000)

-

-

-
 


891,201
70,445
(91,557)
-
76,333
946,422


SUMMARY OF FUNDS - PRIOR YEAR

Balance at
1 January 2024
£
 
Income
£
 
Expenditure
£
 
Transfers in/out
£
 
Gains/
(Losses)
£
 
Balance at
31 December 2024
£
 
Designated funds

7,500

-

-

-

-

7,500
 
General funds

868,001

69,377

(66,348)

-

12,671

883,701
 
Restricted funds

-

9,000

(9,000)

-

-

-
 


875,501
78,377
(75,348)
-
12,671
891,201


19.

ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted funds
2025
Total
funds
2025
        £
        £


Tangible fixed assets

189,513

189,513

Fixed asset investments

744,001

744,001

Current assets

16,790

16,790

Creditors due within one year

(3,882)

(3,882)

Total 


946,422
946,422


Page 22

 
ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

19.ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)


ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Unrestricted funds
2024
Total
funds
2024
        £
        £


Tangible fixed assets

195,619

195,619

Fixed asset investments

670,981

670,981

Current assets

27,566

27,566

Creditors due within one year

(2,965)

(2,965)

Total 

891,201
891,201

Page 23