REGISTERED COMPANY NUMBER: 02719344 (England and Wales)
REGISTERED CHARITY NUMBER: 1015540
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 30 September 2020
for
Leybourne Grange Riding Centre for the Disabled
McLean Reid Chartered Accountants 1 Forstal Road Aylesford Kent ME20 7AU
Leybourne Grange Riding Centre for the Disabled
Contents of the Financial Statements for the Year Ended 30 September 2020
Page Report of the Trustees 1 to 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6 to 10
Leybourne Grange Riding Centre for the Disabled
Report of the Trustees for the Year Ended 30 September 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2020. 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 treland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims The objects for which the company was established, as set out in its Memorandum of Association, are to provide, maintain, promote and encourage horse riding and other activities for the mentally or physically disabled and the socially handicapped.
The company is a charity and exists to provide, in the interests of social welfare, therapeutic and recreational facilities for persons having need thereof by reason of their mental or physical disability or their social and economic circumstances, with the object of improving the quality of life for such persons.
Volunteers
The trustees are extremely indebted to the numerous volunteers who assist the Centre to achieve its objectives in providing a much needed service for its disabled clients. The ever increasing waiting list for vacancies says much for their performance and the care they provide to the disabled riders.
Public benefit
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s general guidance on public benefit.
The Trustees have referred to the guidance in the Charity Commission’s general guidance on Public Benefit when reviewing aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity continues to provide subsidised riding facilities to the disabled.
Fundraising activities
The fundraising activities of the charity are primarily the provision of riding lessons, stabling facilities and catering.
FINANCIAL REVIEW
Principal funding sources Major source of funding for this charity are the donations it raceives from Leybourne Grange Riding & Tuition Limited, totalling £24,083 (2019:£59,096) and donations for the use of the Charity’s equipment totalling £20,537 for the year to 30th September 2020. Other small donations are received throughout the year from the general public.
Reserves policy
The charitable company has a reserve fund which has been set aside as a contingency fund. Its primary purpose is for the possible purchase of the land which is currently leased, but which will be sold as part of a development programme. This would ensure the continuance of the Centre and the service it provides. The amount of the fund is increased as and when the Centre receives donations which are not required for day to day running costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its Memorandum and Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees In the event of the current trustees resigning, the remaining trustees would look to one or more of the adult volunteers at the Centre who have shown interest and commitment over several years. Related parties All the directors of the company are also trustees of the charity, and their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Act. The directors are members of the company.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02719344 (England and Wales)
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Leybourne Grange Riding Centre for the Disabled
Report of the Trustees for the Year Ended 30 September 2020
Registered Charity number 1015540
Registered office The Riding Centre Birling Road Leybourne West Malling Kent ME19 5HZ
Trustees Mr R Barnes Trustee Ms J Fletcher Trustee Ms J A Wright Trustee Mrs AL O'Delt Trustee
Independent Examiner John Champion McLean Reid Chartered Accountants 1 Forstal Road Aylesford Kent ME20 7AU Approved by order of the board of trustees on 24 February 2021 and signed on its behalf by:
Ms J Fletcher - Trustee
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Independent Examiner's Report to the Trustees of Leybourne Grange Riding Centre forDisabledthe
Independent examiner's report to the trustees of Leybourne Grange Riding Centre for the Disabled (‘the Company’) { report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have foliowed the Directions given by the Charity Commission under section 145(5) (b} of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
John Champion McLean Reid Chartered Accountants 1 Forstal Road Aylesford Kent ME20 7AU
26 February 2021
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Leybourne Grange Riding Centre forDisabledthe
Statement of Financial Activities for the Year Ended 30 September 2020
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||||||||
|---|---|---|---|---|---|---|
|2020|2019|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|100,970|97,717|
|Other trading|activities|2|84,084|112,007|
|Investment|income|3|876|1,001|
|Other income|-|250|
|Total|185,930|210,975|
|EXPENDITURE|ON|
|Raising|funds|61,132|70,723|
|Charitable|activities|
|Riding|facilities|to|the|disabled|108,615|121,823|
|Total|169,747|192,546|
|NET INCOME|16,183|18,429|
|RECONCILIATION|OF|FUNDS|
|Total funds|brought forward|298,993|280,564|
|TOTAL FUNDS CARRIED FORWARD|315,176|298,993|
----- End of picture text -----
The notes form part of these financial statements
Page 4
Leybourne Grange Riding Centre
for the Disabled
Balance Sheet
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30 September 2020
2020 2019
Unrestricted Total
Notes fund funds
FIXED ASSETS £ £
Tangible assets 8 88,922 95,882
CURRENT ASSETS
Debtors 9 16,071 12,131
Cash at bank 216,453 196,343
232,524 208,474
CREDITORS
Amounts falling due within one year 10 (6,270) (8,363)
NET CURRENT ASSETS 226,254 203,111
TOTAL ASSETS LESS CURRENT LIABILITIES 315,176 298,993
NET ASSETS 315,176 298,993
FUNDS 11
Unrestricted funds 315,176 298,993
TOTAL FUNDS 315,176 298,993
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 24 February 2021 and were signed on its behalf by: Mr R Barnes - Trustee , -
The notes form part of these financial statements
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Leybourne Grange Riding Centre for the Disabled
Notes to the Financial Statements for the Year Ended 30 September 2020
- 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 2019Y, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The trustees consider that there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemptions in preparing these financial Statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’:
- — the requirements of Section 7 Statement of Cash Flows.
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Short leasehold - 10% on cost and 5% on cost Plant and machinery - 10% on cost Taxation The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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continued...
Leybourne Grange Riding Centre for the Disabled
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
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||||||||
|---|---|---|---|---|---|---|
|2.|OTHER|TRADING|ACTIVITIES|
|2020|2019|
|Temporary|£|£|
|Tuition|letting|and|liscensing of charitable|property|53,889|56,394|
|fees|and|hire of hats|30,195|55,613|
|84,084|412,007|
|3.|INVESTMENT|INCOME|
|2020|2019|
|Bank|£|£|
|deposit|interest|876|1,001|
|4.|NET|INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after|charging/(crediting):|
|2020|2019|
|Depreciation|£|£|
|Hire|- owned assets|9,500|9,306|
|of|plant and|machinery|1,974|1,727|
|Surplus on|disposal|of fixed|assets|(3,160)|(250)|
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- TRUSTEES' REMUNERATION AND BENEFITS There were no trustees’ remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.
- STAFF COSTS
The average monthly number of employees during the year was as follows:
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||||||||
|---|---|---|---|---|---|---|
|2020|2019|
|General|administration|8|11|
|No|employees|received|emoluments|in|excess|of £60,000.|
|7.|COMPARATIVES|FOR THE|STATEMENT OF|FINANCIAL ACTIVITIES|
|Unrestricted|
|fund|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|97,717|
|Other|trading|activities|112,007|
|Investment|income|1,004|
|Other income|250|
|Total|210,975|
|EXPENDITURE|ON|
|Raising|funds|70,723|
|Charitable|activities|
|Riding|facilities|to|the|disabled|121,823|
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Leybourne Grange Riding Centre
for the Disabled
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | ||||
|---|---|---|---|---|
| fund | ||||
| £ | ||||
| Total | 192,546 | |||
| NETINCOME | 18,429 | |||
| RECONCILIATION OF FUNDS | ||||
| Totalfunds broughtforward | 280,564 | |||
| TOTALFUNDSCARRIEDFORWARD | 298,993 | |||
| 8. | TANGIBLE FIXEDASSETS | |||
| Short leasehold £ |
Plantand machinery £ |
Totals £ |
||
| COST | ||||
| At 1 October2019 Additions Disposals |
167,643 462 - |
35,770 2,918 (1,200) |
203,413 3,380 (1,200) |
|
| At30 September2020 | 168,105 | 37,488 | 205,593 | |
| DEPRECIATION | ||||
| At 1 October2019 Charge foryear Eliminated on disposal |
94,330 6,395 - |
13,201 3,105 (360) |
107,531 9,500 (360) |
|
| At30September 2020 | 100,725 | 15,946 | 116,671 | |
| NET BOOK VALUE | ||||
| At30 September2020 | 67,380 | 21,542 | 88,922 | |
| At30 September2019 | 73,313 | 22,569 | 95,882 | |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Otherdebtors Prepayments |
8,446 7,625 |
5,882 6,249 |
||
| 16,071 | 12,131 |
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Leybourne Grange Riding Centre for the Disabled
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2020|2019|
|Trade|£|£|
|Social|creditors|1,846|1,940|
|Other|creditorssecurity and other taxes|450376|642516|
|Accrued|expenses|3,598|2,265|
|6,270|5,363|
|MOVEMENT|IN|FUNDS|
|Net|
|At|movement|At|
|1.10.19|in|funds|30.9.20|
|£|£|£|
|Unrestricted|funds|
|General fund|298,993|16,183|315,176|
|TOTAL|FUNDS|298,993|16,183|315,176|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|185,930|(169,747)|16,183|
|TOTAL FUNDS|185,930|(169,747)|16,183|
|Comparatives|for movement|in|funds|
|Net|
|At|movement|At|
|1.10.18|in|funds|30.9.19|
|£|£|£|
|Unrestricted|funds|
|General fund|280,564|18,429|298,993|
|TOTAL FUNDS|280,564|18,429|298,993|
|Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|210,975|(192,546}|18,429|
|TOTAL FUNDS|210,975|(192,546)|18,429|
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11. MOVEMENT IN FUNDS
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continued...
Leybourme Grange Riding Centre for the Disabled
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
11. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|At|movement|At|
|1.10.18|in|funds|30.9.20|
|£|£|£|
|Unrestricted|funds|
|General|fund|280,564|34,612|315,176|
|TOTAL FUNDS|280,564|34,612|315,176|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|||||
|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|396,905|(362,293)|34,612|
|TOTAL FUNDS|396,905|(362,293)|34,612|
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12. RELATED PARTY DISCLOSURES
There were no reiated party transactions for the year ended 30 September 2020.
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