REGISTERED COMPANY NUMBER: 02719344 (England and Waleil REGISTERED CHARITY NUMBER: 1015540 ort ofth• Tru•t•M ¥nd Un•udlted Flnanclal 4tst•m•nts forth•Y for bourno Grn forthe D5oabled M¢Loan R4d charter Acwuntants 1 Forstal Road Aylesford Kènt ME20 7AU
Leyboume Grnge Riding Centre for the Disabled
Content of the Financial Sttements for the Year Ended 30 Septembr 2023
| Page | ||
|---|---|---|
| Repor of the Trustees | to2 | |
| Independent Examiner's Repor | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | to6 |
| Notes to the Financial Sttment | 7 | to11 |
rn• Grdn forthpD Rldln abl•d Centre mb•r 2023 The trustees who are also directors of thè th8rty for the ose5 of the c(pan Act 20C6. prTrt Ihair report wth the finanrial st8tsm$nts of the tharity for the year eThJed 30 SePtter 2023. The trustee$ have adcpted the provi%ions of Accounting and ReportiTrJ by Chanbgs." Stst¢mènt of R8cLynmend•d Prti apICable to ¢h8fibe5 pwaring Ih8ir acwunts in actt)rd8nca the Financial Reports'ng Standard applic4blÈ in thè UK and Ropublic ol Irdand IFRS 1021 lèffth"ve 1 January 20191. OBJECTIVES AK) ACTMnES OblectIv •nd olm¥ The obj.eds for whth the rnpanY was estsbli8h&l. as 8•t out in ts Memorandum of Assoaab'on. a to proe. rnaintain. promote and Oneouragè Irse rJing and otrer acb'wi'e5 for Ihe rnentslly or physically dwbbd and thè socialty handicapwy. Th• wany B a charity and exists to provKle. in thtt Inler•sts of so(#al llare. theraFeutic and recreational facilitss fcf Fel5S hairvJ trreof by rgoson of their mental or physical disability or their sctial and e¢oncth¢ rAr¢umst8ntXS. ¥th th8 obJ"t of Improwng the qualty ol life for such rSon$. Volunteer? The tru5tee$ are èxttsmety ind8btsd to Ih8 numerous volunteers vtho assist the Centre to 8¢hiÈvè rts c)J8thv8s in providing a rnuc needed for its disabbj dnts. The er increasing wafong h'st for vaCar say5 much fcf thÈir pfoftnan( and the re they provkle to the disa& riders. Publk b•n•fft Trg Trustèes conthmi that they hast Compl with the duty in secb.on 4 of tho Ch8nti•s A¢1 2QKfj to have due regard to the Charity Commission3 ger[31 guid8n¢x on publiG b8nefft. The TNstees ha¥¢ refetred lo 9uxl8n¢8 in t Charity Commk8on'S gemral guidance cfj Public Benefit when revi8wng aims and obiath.vas aNJ in planning ftrture athiknes. In partular. the Trustegs con$kler how F4anned actiwti8S 11 contrbute to ts aims aDd obpct'ves they htvo sel ACHIEVEMENT AND PERFORMANCE Chorlt¥blg acttvltl•$ The charity continues to prOle subsdi8ed riding f8cilth.es lo Ihè disabled. Fundrnl•lng ctlvitl•• The frJndrw3ing 8eAiwties ofthe charity ar¥ primaty ts provL"On ofriding son$, stabling fa01.e5 and cateriryJ. HNAIKIAL REVIEW Prlnclpal fundlng sour9 Major source of ftjnding for thArty is Ihè donations R [sl¥e$ frcm LeytMYJff Grarrtje Rhling & TurtKJn Limfyd. totslling £23,214 12022."£30,8301 and donations for the use of the Charty3 equipment totalling £50.952 12022". £27.2241 for ts yearto 3fxh Septsmber 2023. Othar small ¢Jonabons are r•ceived through(4Jt the year from the general publK. R•••Trv•8 pollcy The thartsb eompany has 8 rasèNè nd Wh has ten set a$e as a contingenry fij1. Its wmary purpc68 is the possible purchase ol the land which is entlY leased. but which will be sOj as part of a develowent piogrammo. ThB would ensurè thè c"nUaneA ofthè Carth and the seryKe rt promdes. The amount ol the fvnd is inueased as and when the Centre CeiVe$ donations which are not rgauired forday to day runn9 costs STRUCTURE. GOVERNANCE AND MANAGEMENT Govemlng doeum•nt The charty ts controlbd by its Mernorandum and Arb'des ol AsBocl8b" and corBthtutes a limit*Y (x)mp8ny. limrtéd by guarantee, a5 defined by lh¢ Companw Act 2006. R•¢rultment and appolntmont of n•¥v tru$te•8 In the •v8nt ol the current trustees resgning. r8rnainir9 twstee6 woukl lTr)k ¢0 we or more of the adutt volunt88r8 at the C8ntr¢ who hav8 shown Interest and ccthmthent overseveral years. R•lat•d partl•• l th& dirg¢t¢rs of the company are also trte8$ of the charty, and their responbIlItieS inc4¢JJ8 al the responsib'lities of dirertors under the Ccrnpanvas Ads aryj of tru¥teg5 undgrthe Chariti"8s Ad The dir8Ctors ara mambers of Iha (x¥rspany. REFERENCE AND ADMINISTIIATIVE DAlL8 R•gl8t•r•d CompAny numbèr 02719344 lErgla and Wales) Page 1
Le ourn• G 271 ofth R•q18tor•d Charfty numb•r 1015540 R•gl•t•r•d offl¢• Thè Riding Centre BlI¥j Roa Leybourr MalliThJ Kent ME19 5HZ TN8tseB M$ J Fl6l&pr Tw$tee Ms J A Wn'ght Trustee Mrs A L O'Dell Trustee Ind•pandont Ex4mlnor JOM Champion M¢Le8n ReKI ChartetBd ACCOnts 1 For5tal Road Ay*ford Kent ME20 7AU Approved by order ofthe board oftrusleeB on 12 JUary 2024 and gijned on its haIfbY'. MS J Fletthr-Twstse Pagè 2
Rl In Dl¥blod Indtrpondtnt wmlnèrfs r•port to th• tru•to•• of L•yboum• Grang• Rldlng C•ntr• for th• Db8abl•d nh• comny,} I report to the thity trustees on rny examtion of the accounts of Ihe Ccfflpany lor year &fKled 30 September 2023. R•$pon81billti and ba818 of r•port As the charitys trustees of the Cornpany {8nd also ts rfirethrs for th& purp¢)ses of Company lawl you a reSpolts for the prpp8ratstsn ofthe a¢wnts in acethBnc• wih the requirements ol the Cornpanias Act {'th8 2006 Aev). Ha¥Aw satisfi myseK that the aoxjunts of the Company are r)t required to be audrted under Part le of thè 20C6 Act and are elvJible for indepent examfftation. I report in rÉ$pe¢t of my examination of your tharity's accounts as carned out undgr S8¢tion 145 of Chant¥e$ Act 2011 fft 2011 Acfl. In carrying out my examinon I hw l)Howd Dir8th'ons gNon by the Charity Con1$610n ur¥Jer Section 14515) Ibl ofthe 2011 A. Ind•pgnd•nt •xamln•fs •tstsm•nt I have COMpted my examination. I rLJnfinn that no matt8r5 h3ve L>yne to my attention In connectK)n wrth the exomlnalon glwn9 Cause to tel.. a¢¢ournbng ro¢ords %re Th)t kept in respect ofthe Company as r8quired by Secoon 366 ofth& 2006 Art or the accounts do not acujrd with those record5', QT the Unts do not ccnpty with the account'rrtJ requirements of Section 396 of thè 20(fi ALt olher than 8ry requirement that the accounts give a true and frair vigw which is not a matter fLJnsKred as part of an ind8pendant axamination., or the acKounts have rt been prep8red in a¢¢ofd8nce with the methods and princples of the Statement ol Rècommèrn(lèd Praclca for accountr.ng and r8porb.ry by chants.es lapplicJl& tts charitsés prgpaiing their accoun1¥ in accordan vthh the Finaal ReporbrG Stsndard applicable in the UKand Repu of IrelaThS IFRS 10211. I have r¢0 CLJncems have come across no other matters in cvnnection wth the examinaoon to vthich atténtion shoLthY be drawrs in this rfjpt In order to ¢nable a proper uThJerstandffjg of Ihe acLoJnts to be 3¢he. Jghn Cham$* MeL•an Rad Chartered AccLJuntsnts l Forstal Ro•J AyS1Ord ME20 7AU 15 January 2024 Page 3
L• boum• Gran for th• D • Rldln Slathmènt forth• Y•ar En Fl alA 2023 Unrestricted fvnd 2022 Total fijnds Notes INCOIE AND ENt)OWMENTS FROM Donat'ons and Waes 153,265 149,797 Othertrading actiwtse5 Investrnent incorne Other income 71,754 2,059 5,588 51,688 11691 1,827 Totsl 232,eA6 203,143 EXPENDITURE ON Raising fuThJs 87,385 95,795 Charllabl? acVvlllg¥ RKliw faul1e$ to the dis*Jled 157,431 152,672 Total 244,816 248,467 INCOMEI(EXPENDITURE) 112,1501 145,3241 RECONCILIATION OF FUNDS Total fijnds WJhtfOTr¥ard 287,195 332,519 TOTAL FUNDS CARRIED FORWARD 275,045 287,195 Thtr notes fomi part ofthese finandal statements Page 4
Gran Rldln forth8 Dlsablad Balaneo Sltht 2023 Unrestr¢tl fijnd 2022 Total fijnds Notes FIXED ASSETS Tar¥Jie assets 73,1e6 CURRENT ASSETS Oabtors Cash at bank and in ha1 16.311 198.358 16,562 203.096 214.e69 219.658 CREDITORS Amounts lallin9 du& wthin year 10 18,8871 15.6291 NEf CURRENfASSETS 205,782 214,029 TOTAL ASSETS LESS CURRENT UABILITIES 275,045 287.195 ASSErs 275.045 287.195 FUNDS Unw$trf¢tg(I funds 275.045 287,195 TOTAL FUNDS 275,045 287,195 The thoritaL4e company ts antitlad to axwnpts'on from audit und8r Secticffl 477 of the CornpanEs Act 20(E for Iho year ended 30 September2023. nMLr5 havè not requir8d tha company to obtain an audrt of rt5 finanLxal Statem for the year and1 30 September 2023 in acc4xdan with Sectyon 476 of the crAnpan1 Aet 2(K6. The tNstees ad(N)wlecSJe thwr respo11((S 101 ensuring that the chantabl& company keeps account'rrtJ records that rMpty wth sec*'C5 388 and 387 of the compan Act 2CKfj arby preparing finanual statements whKh gi a true and fair of the state of affairs of the tharitable (mpany as at the eTrd of each finarval year and of its surplu$ or dBficit for each finanaal year in accordarte wth the raquirements of Sections 394 and 395 and which othei8e CLJmth with the requirements ol the Companies Act 201k% relaMg to f nanal $tatwnents. so far 8$ appli¢abb to the ¢hwtsblo company. Ibl The fom) part olthe8e fin8n¢i81 $tatsments Pffjes contin1..
L• me Gran 271 t•mbor 202 These ffinanaal statements have txen prepargd In aCtnCe the provisicns aFplicabk to Charitab company subj'ect to the ¥mall ccffipankrys r89ime. The finarrial $tst¢mgnts were approved by the Board of Tru6tse6 arKI outhT59d i5sug on 12 January 2024 and wèrg signed on ils behalf by.. M$ J Fl&l(tsr- Trust8 gnLddJ Mfs A L O'Dell- Trustee J A ht. Tnts18e The notes lonn part ol the58 financ4al statsrn8nts Page 6
Gran Rl forthe D15abled thé Flnanelal Ststrmonts for tho ACCOUNTING POLICIES B•il• of WOPAblrvJ th• finaneFal ststements Tho financ4al statements of the charil8tAe c(xnpany, whKh 15 a public ontity under FRS 102, have been prepared in atrdan 1h Iha Chanties SORP IFRS 1Q21 Account'ng and Reportiro by Charities.. StatemÈnt ol Reo)rnmended Practice aplb to thanb"¢s pr¢panFvJ their accounts in accordan wth th& Finawial Repth"ng Sl8ndard applicable in the UK and RepublK of Irek8nd IFRS 1021 leffeclNe 1 January 20191,. Finala4 Reportiry St8nd8rrJ 102 The Finanoal ReportiThJ Standard appliCae in the UK and Reput4ic ol Ireland, and the Companvas Act 2(. The finaro4al statements have bgen prepared under t1 historical cost wnvenbon. Thg tru5te85 cons$r that thgra are no Material unrtain$ relat&1 to events cThpJthons thal may c851 gnificant dwbt about tre 8b.lty oflh8 charity to conts"nL as a gcNng ¢xJncem. Finanelal rOpon0 standard 102- r•du¢•d dSBclosur• OX•fflpQn0 The Charitab cJ)rnpany has tgn advant89 of the follffiffj disdosur¢ &xemptions in Fryarfng Ihese finanaal statamènts, as pèrmrtted by FRS 102 'The Financial ReportirvJ Standard applicab in the UK and Republic of IrdarKI': the wuirernents of Section 7 Ststernènt ofcash FILhVS. Incom• All inth)mè is ot4nis8d in thè StateMt of Finanaal Actiwties On Ihe chanty has entitiement to Ihe fijnds, it is Obab that thè incorn• will be received and the amount can be measured reliably. EXpondIr0 ilrtws arè r•cognis8d as Oxp•nditU as soon as there is a al or c¥)nslnJctive oblvJatron cofflmitting the cty to trat exwditufy. rt 1$ probabfe th818 transfor of $wnoml¢ ien9fits wll i roqUId in sduement and thè CJnt of th& obloth.on can b8 measured reliabty. Eypendthre is accounted for on an acuuals basis and has b8en dassld und•r haadings that aggr8gat• all o)st rolahl to th& category. VVh8r8 eosts cannot be dir8dy attll'buted to particular headings thèy have trn alkxated to activrtbs on a basis eonststant with th8 use of rèsourtss. Tanglbl• Ilx•d amets D•pA#tIOn is WOVKl8d atts fo11Lr annual rs in order to %wrte off each asset o¥er its estimated useful lrfe. Short18as8hokl Plant and rn4thery IO% on cost and 5% on cKJ5t on ¢osl Taxatjon The tharity exempt frorn cxjrporation tax on ts CharItab al8. Fund accountlng Unrtricted fiJnd8 can usèj in eardane4 with tha thntae thJ"ath"ves at Ih8 dwetion ofthe trustees. Hlre purch? and lea•lng wmmltrngnts Rents1$ paKI undgr oparating bas¢$ are tharged to the Statent ol Finanaal Ath"wties on a Strajht lire basss over the peTP)d ol the. P•nslon ¢o•ts and oth•r po8t48tlr•m•nt n•fits The charitable 0panY operates a defined cx)ntribution n$)n scheme. Contributi0fi5 payable to tharrt8bk compan1$ wn$K)n Kheme ¥e charged to the Statement of Fina1 Actiwhes in the period to which ree. Pw¥7 cortinU8d...
e Gran for •RI FInal31 Ststsm•nts- COnnU• r 2023 OTHER TRADING ACTIVITIES 2023 2022 T•mporary kgth.ng and Irc8nsing of charita• property Tuition fees and hire of ha 12,660 59.094 9.147 42.541 71.754 51.688 INVESThlENT INCOME 2023 2022 Bank deposit interest 2,059 11691 NET INC<XaEIIEXPENDITUREI Not ints)MWlexpendituI 1$ statsd after d)argingllcredthr¥Jl." 2023 2022 DepreoaJon. cl•m assets Hire of plant and machin 10.403 414 9,753 TRUSTEES. REMUNERATION AND BENEFITS There re no trusts9$' r?mur9. r)r other Ln9ffits for the yèar èrx18d 30 SepternLwr 2023 nor fof thè yèar end 30 September 2022. Tnt8è8' •xpon•8 There tra no trustaas, èxpan88s pa lor th& year ond8d 30 SOptbal 2023 Th)r for tha yaaf eThJ8d 30 September 2022. STAFF COSTS Th• avèrag8 monthty numb8r 01•nOyeeS dunng tha was as follcMs.' 2023 2022 General Jdrninistration No employees receNed emoluments in ex$5 of £eL),LNJO. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcmviTIES Unrestrictwj hjnd INCOME AND ENOOWMENTS FROM bn8tion$ and *adès 149.797 OtrErtrad9 actiwts5 Invesbment income Otr Incomè 51.688 11691 1.827 Totsl 203,143 EXPENDITURE ON Rak8ing fvnds 95,795 Charttable •cll¥ttle• Riding kn.lths to tha du£abkd 152,672 Total 248,467 P•Je 8 Continued...
Rldln forthe Dlsablod C8ntro Not•• to th• Flnanclal ts. conttnued mb•r 2023 COMPAPATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- ¢On uted nd NET INCOMEI(EXPENDITUREI 145,3241 RECONCILIATION OF FUNDS Total fLmds brought forward 332,519 TOTAL FUNDS CARRIED FORWARD 287,195 TANGIBLE FIXED ASSETS Short leaseho Plant and mathintry Totals COST At 1 O¢toL*r 2022 Additr"ons 168,105 41,259 8,500 2rr4,364 6,$00 At 3LI S8Ptember 2023 168,105 47,759 215,864 DEPRECL4TION At 1 Odoter 2022 Charge for year 113,515 6.3gs 22,683 4.008 136,198 10.403 At 30 S•ptember 2023 119.910 26.691 146.fAJ1 NET BOOK VALUE At 30 September 2023 48.195 21.1 69.263 At 30 September 2022 54,59) 18,576 73,186 OEBTORS: AMOUNTS FALLING DUE vifTriiN ONE YEAR 2023 2022 Other debtors Leyboumè Ridir@ Sd1 Awued income Pwayments 4,607 6.836 1.407 3,712 10,168 4,991 16,311 16.562 Pago 9 conts"nu&J...
bou f rth• Dl8abl s to the Flnancl¥l stst•mLofttInU0d for th• Yr End•d 30 S• 10. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditots Sotsal Snty and othertaxes Othercreditor$ AecrnJ8d exFenses 5,885 1,651 769 428 2,781 471 2,531 8,887 5,629 11. MOVEMENT IN FUNDS At 1.10.22 movement in frjnds At 30.9.23 Untmtrletod fund• General fvnd 287,195 112,1501 275,045 TOTAL FUNDS 287,196 112,1501 275,045 Nèt mMant in fvnds. included in the ajove are as fol1cw.' Incorning resources Resourc85 expend& Movèrnènt in frJnd5 unregtr1ct fund¥ G8neral f 232,686 1244.8161 112,1501 TOTAL FUNDS 232,6e6 1244.8161 112,1501 ComtI¥l8 for mov•m•nt In fund• Net MOVeynI in fijnds At 1.10.21 Al 30.9.22 Unrestrlcted funds Genor81 fvjnd 332,519 145,3241 287,195 TOTAL FUNDS 332,519 145.3241 287,195 ComparatNe net movement in fvnd5, included in the above are as lollows.. Incorning resources Rasources expended Mov•m8nt in lunds Unr9¥tr1¢t fund• General ftjnd 203,143 1248,4671 145,3241 TOTAL FUNDS 203,143 1248,4671 145,3241 Page 10 cvntr"nua...
Gran eRI lorth• Dlsablod Notsj to the Fkne.nol I forthg Y•ar Er)d•d 30 S• nts- Connu•d 11. MOVENENT IN FUNDS- conllnu¢d A Current year 12 months and prior year 12 rnonths combin1 p0SOn Li as lolkwrfs". Net movement In fvnd5 At 1.1021 At 30.9.23 Unre¥trlcW fvnd¥ General fund &32.519 157,4741 275.045 TOTAL FUNDS 332.519 157,4741 275.045 A year 12 rnonths and prior year 12 rnonlh8 combined rlet movernent in nds. indud8d in Ih8 ab)v8 Arè as foll¢ys." Incoming our Resourc4s exFended Movernent in funds Unr•strkted funds Generdl fund 1493,2831 157,4741 TOTAL FUNDS 435.&19 1493,2831 157.4741 12. ReLATED PARTY DISCLOSURES There werè M rÉlated paty transa(ions lor tha yaar arKl8d 30 Saptanb8r2023. Page11