REGISTERED COMPANY NUMBER: SC102661 (Scotland)

REGISTERED CHARITY NUMBER: SC002041

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 June 2025

for

The Glasgow Group of the Riding for the

Disabled Association

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

17

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 June 2025. 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 Group's objectives are to promote the Riding for the Disabled Association by providing people with disabilities (or special needs) in Glasgow and the surrounding area with the opportunity to ride to benefit their health and well being.

The welfare of the group of people is improved by:

Offering riding which helps the balance, mobility, strength, co-ordination and improved confidence and self esteem of the rider.

Caring for and contact with the horse which provides proven therapeutic benefits to those with special needs.

Providing a meeting place at the Riding centre for parents, family members and carers to form groups for mutual support.

Using a large number of volunteers to assist in service provision and in this work developing their own potential.

Significant activities

During the year, RDA Glasgow Group delivered approximately 4,000 hours of riding, equine assisted therapy, and Stable Management sessions to over 300 participants. This included regular weekly sessions for nine Additional Support Needs Schools throughout the academic year, as well as individual participants attending riding, stable management, and Tea With a Pony sessions. We also supported five care homes through our Tea With a Pony programme.

Participants attended from across Glasgow, East and West Dunbartonshire, South Lanarkshire, Renfrewshire and some further afield, reflecting the wide regional reach of our services. Activities were delivered seven days a week, with morning, afternoon, and evening sessions to ensure accessibility for families, schools, and care settings.

The charity was supported by a volunteer bank of around 150 registered volunteers, with a core group of around 60 volunteering regularly across sessions and horse care. Their contribution remains essential to the delivery of our charitable activities.

All activities undertaken during the year furthered the charity's purpose of improving the lives of people with disabilities through equine assisted activities and therapy, and the Trustees confirm that the charity has continued to provide clear public benefit in line with OSCR guidance.

FINANCIAL REVIEW

Financial performance

The funding environment continues to be very challenging as many Funders streamline their criteria to target specific chosen areas. These are often aimed at capital items and specific activities rather than to support ongoing running costs for the Centre. Our focus has remained on Grant and Trust applications and we are grateful for the support we have received.

The result for the year was a deficit of £80,519. As with many organisations, we have been impacted by and continue to be impacted by rising costs in all areas; however, we continue to remain prudent in our expenditure, whilst remaining focused on delivering the aims of the charity.

The charity continues to rely on a broad and diverse range of funding sources, including grants, donations, and community fundraising.

As with many charitable organisations, the Trustees recognise that the wider funding landscape has become increasingly competitive, with requests for support exceeding the resources available. At the same time, operational costs have continued to rise.

In response, the Trustees are actively implementing a combination of income enhancing initiatives and cost efficiency measures to strengthen the charity's financial position and ensure the long term stability of the centre.

Investment policy

The Board of Management maintains a policy of appointing a reputable firm of stockbrokers who have discretionary powers to invest a portfolio of investments for a balanced return with low to medium risk. The Board of Management have an overall strategy which includes maintaining a suitable level of funds in fixed interest and cash. This strategy is under regular review by the Board.

Reserves policy

The Board of Management has reviewed the reserves policy and our aim is to keep the equivalent of a minimum of six-months' running costs in free reserves. The current level of reserves fall short of this target and the trustees have implemented a range of measures toward addressing this.

While the Charity presently enjoys the benefit of a long-term lease from the landowner Glasgow City Council, nevertheless a cautious and prudent approach dictates the retention of funds.

Going concern

The Trustees are required to prepare financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue to operate, and the financial statements continue to be prepared on the going concern basis.

However, the Trustees note that the charity faces financial pressures over the coming twelve months and that not all income required to meet projected costs is currently secured. This gives rise to a material uncertainty regarding going concern. The Trustees are taking proactive steps to strengthen the charity's financial position and are confident in the organisation's ability to deliver its core activities while these measures progress.

FUTURE PLANS

The Board remain focused on the need to upgrade and improve the centre's facilities to provide our service users with a safe and welcoming environment to meet the ever-changing challenges they encounter.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

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

The organisation is a charitable company limited by guarantee and not having a share capital, incorporated on 7 January 1987. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed by its Articles of Association. In the event of the company being wound up, members of the Group are required to contribute an amount not exceeding £1.

The charity has a Board of Management consisting of trustees who are responsible for the strategic direction and policy of the charity.

Recruitment and appointment of new trustees

As the objects of the charity relate to people with disabilities (or special needs) and to horses it is appropriate that the majority of trustees are or have been engaged in caring for and training those with disabilities or looking after horses. In addition the Board of Management includes those with legal and financial expertise. Where skills are lost through retirements, individuals are approached to offer themselves for election to the Board of Management.

New trustees are invited and encouraged to familiarise themselves with and to seek information about the workings of the charity and its objects from existing trustees and from other staff members.

This familiarisation process includes perusal of the Memorandum and Articles of Association, Standing Procedures, latest published accounts and budgets. Each new trustee is given a copy of the OSCR publication "Guidance for Charity Trustees".

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC102661 (Scotland)

Registered Charity number

SC002041

Registered office

Sandyflat

Caldercuilt Road

Summerston

Glasgow

G23 5NA

Trustees

M S Brown

L E Fair

J Weatherill (resigned 1.4.2026)

B Watt (appointed 8.1.2025) (resigned 27.10.2025)

R F Nicol (appointed 28.10.2025)

Independent Examiner

Bell Barr & Company

Chartered Accountants

2 Stewart Street

Milngavie

Glasgow

G62 6BW

Approved by order of the board of trustees on 12 June 2026 and signed on its behalf by:

M S Brown - Trustee

I report on the accounts for the year ended 30 June 2025 set out on pages six to seventeen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's 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 accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 connection with 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 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

-	to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2)	to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Material uncertainty related to going concern

Attention is drawn to the Going Concern paragraph in the Report of the Trustees and also Note 1 of the financial statements, which indicate that a material uncertainty exists that may cast doubt on the charity's ability to continue as a going concern. My opinion is not modified in respect of this matter.

Jennifer Irvine

The Institute of Chartered Accountants of Scotland

Bell Barr & Company

Chartered Accountants

2 Stewart Street

Milngavie

Glasgow

G62 6BW

12 June 2026

30.6.25

30.6.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

102,096

61,195

163,291

122,911

Charitable activities

5

Charitable activities

75,453

-

75,453

74,435

Other trading activities

3

15,671

-

15,671

16,715

Investment income

4

4,284

-

4,284

6,273

Other income

28,586

-

28,586

17,745

Total

226,090

61,195

287,285

238,079

EXPENDITURE ON

Raising funds

6

8,189

-

8,189

8,008

Charitable activities

7

Charitable activities

297,218

62,208

359,426

300,562

Total

305,407

62,208

367,615

308,570

Net gains/(losses) on investments

(189

)

-

(189

)

12,981

NET INCOME/(EXPENDITURE)

(79,506

)

(1,013

)

(80,519

)

(57,510

)

Transfers between funds

16

9,664

(9,664

)

-

-

Net movement in funds

(69,842

)

(10,677

)

(80,519

)

(57,510

)

RECONCILIATION OF FUNDS

Total funds brought forward

417,044

22,601

439,645

497,155

TOTAL FUNDS CARRIED FORWARD

347,202

11,924

359,126

439,645

30.6.25

30.6.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

12

190,273

-

190,273

210,006

Investments

13

137,859

-

137,859

178,835

328,132

-

328,132

388,841

CURRENT ASSETS

Debtors

14

24,713

-

24,713

26,740

Cash at bank and in hand

21,222

29,412

50,634

59,594

45,935

29,412

75,347

86,334

CREDITORS

Amounts falling due within one year

15

(26,865

)

(17,488

)

(44,353

)

(35,530

)

NET CURRENT ASSETS

19,070

11,924

30,994

50,804

TOTAL ASSETS LESS CURRENT LIABILITIES

347,202

11,924

359,126

439,645

NET ASSETS

347,202

11,924

359,126

439,645

FUNDS

16

Unrestricted funds:

General fund

156,928

207,037

Tangible Fixed Asset fund

190,274

210,007

347,202

417,044

Restricted funds

11,924

22,601

TOTAL FUNDS

359,126

439,645

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

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 12 June 2026 and were signed on its behalf by:

L E Fair - Trustee

M S Brown - Trustee

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The Trustees are required to prepare financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue to operate, and the financial statements continue to be prepared on the going concern basis.

However, the Trustees note that the charity faces financial pressures over the coming twelve months and that not all income required to meet projected costs is currently secured. This gives rise to a material uncertainty regarding going concern. The Trustees are taking proactive steps to strengthen the charity's financial position and are confident in the organisation's ability to deliver its core activities while these measures progress.

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.

Donations and associated gift aid are accounted for when received. Legacies and similar income are recognised at fair value when the executor is satisfied that the gift will not be required to meet claims on the estate and any conditions have been met or are within the control of the charitable company.

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.

Long leasehold

-

2% on cost

Plant and machinery

-

10% on cost and 5% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% 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.

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

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

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.

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 account.

Financial instruments

The charity 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.

2.	DONATIONS AND LEGACIES

30.6.25

30.6.24

£

£

Donations

14,134

13,780

Gift aid

2,196

179

Legacies

5,500

-

Grants

109,227

98,507

Sponsorships, subscriptions and other voluntary income

32,234

10,445

163,291

122,911

Grants received, included in the above, are as follows:

30.6.25

30.6.24

£

£

Other grants

109,227

98,507

3.	OTHER TRADING ACTIVITIES

30.6.25

30.6.24

£

£

Fundraising events

6,331

7,909

Arena hire

8,418

7,710

Coffee bar

922

1,096

15,671

16,715

4.	INVESTMENT INCOME

30.6.25

30.6.24

£

£

Income from listed investments

3,865

5,899

Deposit account interest

419

374

4,284

6,273

5.	INCOME FROM CHARITABLE ACTIVITIES

30.6.25

30.6.24

Activity

£

£

Disabled riders and driving

Charitable activities

75,453

74,435

6.	RAISING FUNDS

Investment management costs

30.6.25

30.6.24

£

£

Portfolio management

2,604

2,048

7.	CHARITABLE ACTIVITIES COSTS

Direct

Costs (see

note 8)

£

Charitable activities

359,426

8.	DIRECT COSTS OF CHARITABLE ACTIVITIES

30.6.25

30.6.24

£

£

Staff costs

160,015

151,982

Rent, rates and water

7,869

5,640

Insurance

19,439

15,999

Light and heat

47,726

35,451

Telephone

1,614

1,578

Postage, stationery and computer expenses

5,236

7,052

Advertising

-

42

Sundries

8,695

5,654

Pony and equipment upkeep

39,230

27,730

Purchase of ponies

4,268

2,000

Repairs and maintenance

30,172

9,326

Payroll charges

-

840

Biomass expenses

1,873

4,761

Motor and tractor expenses

6,704

4,724

Cleaning

1,302

1,328

Staff training

1,590

886

Audit/Independent Examination

1,440

1,380

Legal and professional fees

-

540

Accountancy fees

2,488

2,880

Depreciation

19,733

20,647

Carried forward

359,394

300,440

30.6.25

30.6.24

£

£

Brought forward

359,394

300,440

Interest payable and similar charges

32

122

359,426

300,562

9.	NET INCOME/(EXPENDITURE)

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

30.6.25

30.6.24

£

£

Depreciation - owned assets

19,733

20,647

10.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.

11.	STAFF COSTS

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

30.6.25

30.6.24

Yard staff/groundsman

7

7

Office staff

2

2

9

9

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

12.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 July 2024 and 30 June 2025

590,555

192,991

101,491

DEPRECIATION

At 1 July 2024

403,695

169,845

101,491

Charge for year

11,811

7,922

-

At 30 June 2025

415,506

177,767

101,491

NET BOOK VALUE

At 30 June 2025

175,049

15,224

-

At 30 June 2024

186,860

23,146

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2024 and 30 June 2025

46,883

2,564

934,484

DEPRECIATION

At 1 July 2024

46,883

2,564

724,478

Charge for year

-

-

19,733

At 30 June 2025

46,883

2,564

744,211

NET BOOK VALUE

At 30 June 2025

-

-

190,273

At 30 June 2024

-

-

210,006

13.	FIXED ASSET INVESTMENTS

Listed

investments

£

MARKET VALUE

At 1 July 2024

178,835

Additions

164,988

Disposals

(199,035

)

Revaluations

(6,929

)

At 30 June 2025

137,859

NET BOOK VALUE

At 30 June 2025

137,859

At 30 June 2024

178,835

There were no investment assets outside the UK.

14.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

8,499

9,687

Accruals

1,026

1,039

Prepayments

15,188

16,014

24,713

26,740

15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

14,532

8,279

Social security and other taxes

1,363

1,132

Pension

623

564

Deferred income

23,190

22,831

Accrued expenses

4,645

2,724

44,353

35,530

16.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.7.24

in funds

funds

30.6.25

£

£

£

£

Unrestricted funds

General fund

207,037

(59,773

)

9,664

156,928

Tangible Fixed Asset fund

210,007

(19,733

)

-

190,274

417,044

(79,506

)

9,664

347,202

Restricted funds

Adapt & Thrive

11,254

(1,590

)

(9,664

)

-

Hedley Foundation

3,000

-

-

3,000

BWCT

2,500

(2,500

)

-

-

Glasgow Community Wellbeing fund

4,847

(4,847

)

-

-

Anne Duchess of Westminster Fund

1,000

(1,000

)

-

-

Pony Sponsorship

-

8,924

-

8,924

22,601

(1,013

)

(9,664

)

11,924

TOTAL FUNDS

439,645

(80,519

)

-

359,126