nFortune ((CL4college part of the Fortune Centre of Riding Therapy THE FORTUNE CENTRE OF RIDING THERAPY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Company numb•r: 03031713 Roglst•Trd Chaity: 1045352
THE FORTUNE CENTRE OF RIDING THERAPY Content For th¢ year onded 31 August 2025 P•g• Ref8rgnce and adrnIstratiVe information Report of the board 2-9 Independent audllorfs report 112 Stalernent ol financial activities linduding income and eywditure a¢ounll 13 Balanee shegt 14 Slal8ment ol cash flows 15 Notès lo the a(*wnts 1fv26
THE FORTUNE CEMTRE OF RIDING THERAPY Reference and admlftistrati informallon For th• year ended 31 August 2025 Chanty name Th8 FN1u$ C¢ntre of dIng Tharapy R8Ostered Charity number 1045352 Company 03031713 {Incorporated in EThJband and Wales) Constituti The Fortune Centre ol "dIng Th¥rapy Ith8 Charity) Is govemed ty Artic19s of Association. was incorwrated on 10 March 1995 was r¢gi$lered undfrr the Charttses Act 1960, and operatgs underthe CharflÈè$ Act 2011 and under lh8 Compani8s Act 2006. Registved olfite Avon Tyrrdl, BranspJr4 CMst¢hur¢h, Dorset, 8H23 8EL Conlact detsils and telephone Miss Jane Dths Prfnclpal Td.. 01425 673297 TN5t80$ )d Dlrecto The Lord Manners Lady Molra Sway Mr Charfes Fostor Dr Kate Trevan TMmas Resign." Mr Vincent Neale ReswJned'. Mrs J8nny Ramsay R8slgned'. Mr Ben Caufigld-Lawr8nce Mr Rlchard Channell Mr Nld)olas Femym Mrs Emma L8n8 Mrs Aexandra YaM)od (thair 18106f2025 19ffj5o025 23110ll025 Key rnanagement personnel Prinapal Ichltf ExeCNe Officer) Asy$tsnl Pn'ncipal Head ol Personnel Heèd of Finance and Company Secretary Mtss Jan¢ D6fv0s, Bed BH Mrs Suzanne Barnett Mr Kevin Linsley Mr Matth8w Lewer Pn'n¢lpaf Bank Lloyds gank PLC 4 Castle Slreot, christcrth, Dcfftt. BH23 1DU Independent Audltor Shaw Glbbs IAudrtl Limited 25 $1. Thomas Stree( Winchestsr, Hampshirè S023 9HJ Page 1
THE FORTUNE CENTRE OF RIDING THERAPY R•p•rt ol the Board For the year endod 31 August 2025 The Board, who$¢ mbar$ are the ¢ruslees of the charty and the directors of the company, pr9$ts its rewrt and th9 zuditod nancial stalerngnts of the charity for the year 8nded 31 August 2025 which are also prepared to meet the requiromenls for a directors, report and ac¢wrts lor th8 Companies A¢t purposes. Thè finanaal ststemenls ¢omply th the Charities Acl 2011, tho Cornpanies Act 2006, Ihe charitsb18 cofflpany'$ MemoraThlum and Articles and Accounting and Reportlng by charlties. Slatement ol Recommended Pra¢tic8 applicatlp tu tharlties prepared thair accounts ir¢ accordance %ith th8 nancl Reporbng Stindard appli¢abl8 in Ihe UK and R9public of Ireland IFRS1021. effect liom the 1 January 2019. STRUCTURE. GOVERIIAJICE AND MANAGEMEVt GOrnIng Do¢ument Charity Is a Cony)Y Tegi$tgr8d as a charty In aCdanCe with the Charmles Act 2011. Th8 Charity is limit8d by guarantee and does nol have any share capital. The govttning documont is th8 kndes of Associauon. The lialty of each member of the CoMpY 18 lilted to a ¢tril¢lOn Inol oxceoding £10) to the Charity assols should it wound up while he or she is a member or wthin one year after he or shè ¢oas6$ to be a member, for paym•nt of the Charity's debts and liabllittes contracted fOre he or she teases to bg a rnambor and the co$ls. Char and gxpense of up, and lor the dluslmeTht ol thg rlghts of the wThtrftwtori95 amMgst thoms61ves. If on tho windlng w) or dlssoluuon ol the Charbty there r8mains, after th8 satisfaction ol all its debts aTrJ li91e$, arw propewty hatever, the sarn8 shan not be Pa or dislribut8d among the members of the Charity, but shall bo gNgn r trsnsferred 10 81)Tnq other charitab19 in$litutiDn or In5tOnS. having owts mIlar to Ihe objects of the Charty. Tntee5 IDir•¢torsl The tru$tees who serv8d thè Ch8rfty during the year are Isted on page on8. The Trustees review annualty the sPilL8 of Ihe trxJard mernber ITrnsteesl and recrnit to Streng1h the governance of the Charity. PL>tential new TnJst@ès e assessed according to whethw they fill a 5kn1L% gap of the Board. Al T8$ arè subkct to a Disdosure and B8rring l¢rlmlnal rKordl (Jk. Appolnlmenl •1 Tnth8s As Set out in the tie9 of Assoriation. any person vtho Is willing to acl as a Tru$tee, and is milItd by law to rto so, may b8 appolnled lo bo a Trustfje by a simpkg maioiity ol all the Trustegs entitled tD attend and ¥ole at 8ny meeting of Ihe Truste8S. Term DITNst•ts The Trustees rnay appoint a pwson who is Wilng to a¢1 lo serve as a Trustq8 lor such term as Ihoy shall see fft, etthor to fill a vacancy or as an additlonal Tru$t88. A rellrlng Trust88 may bg roappointed by Ihe TTusioes. Thor8 shall b8 no limit to the number of t15 a Trustee may be reappolnt6d. In June 2018 the TnJsi88s agreed lo adopl a policy ol Iwe year terms for Trust8E$. There is one Trustee who has setved on the Bo¥d for more than ten years. Thg TNs160s nder9d the Aappoknbnenl at tho AGM and that the skills. experience and knowledgo ol the Trustee w¥rè imwtant to retain. Trnstee Tralnlng The TrustBs periodicalty re¥ and updale thew Trustee Handbook, hl)ich provld6s infr)rmation and guidanc9 on tholr statsjlory obllgations under Charity and CoMpY Law. Thè Trusiees have ad ho¢ train9 as when rr8d. Training and developmènt needs are delermined thrgh statutory requlremenls and thg annual Trustee self ass8S5rn8nt. Page 2
THE FORTLINE CENTRE OF RIDING THERAPY Report of th• Bo•rd (¢ontinu•d) For the year ended 31 August 2025 G•vornin Thg Tnjslegs havo r8vwed the Charlty Gov8rnanc8 Cod8 and are aware of, and aim to. follow the seven prinryplgs Ihat rnake up the The Chariiy Is exlTemety gr¥ttlul to Iha many peop18 who voluntarily Iheir vahJaNè Img to serve on Ihe various comnNttees Ihat are necessary lo onsuro th6 Charty's a¢bvtt58$ are d8liv£red lo th8 highest possibk Stdard. The Tmstees have adopted polcw and ciit8ria Ihal have been ¢aTelulty tAJltt upon n¢6 thè fwNJation of the Charity in 1976 are ¢entr8d on working wlh hotEOS to provide Equlne FaclHtsted Edy¢atiCn and Th8rapy IEFET). Polidès are relW&j and re%ised a5 necessary by the Tnjstees thrcwgh the various cornmiltees and d8swna1j S9Th0T stsff. Key Ffjlicies are published on thgwebsite of the Charity I httpsJfvww.fortun¢.3c.ukJ l. lthd partles and ¢troperathn wllh Othbrary1s1(ltsftS Non8 of the Trustees recgfve rwnuneration or olh8r b&)efits trom their work wth the ¢harity. Dotails of Trustees, expenses and rdated party IraDsactions are disclos8d in noto nineteen to the accounts. kny nItn bEtW88ll a tru$tee or s8fiior m•)agerof Ihe chtY with related parties rnusl be dls¢losed to the full board of Trus1885. Oryanlsatknnal stru¢r• The Truslees have overall rgspoDsibilf¢y ftjr th? 4$sgts of the Charlty, its firwices and FKIrieS and meet regulaty as 8 trKJard. They operate Ihrough commiitses l¢hairEd by a Trusloèl, eentral to whKh are the Finar0 and Re$ource5 Committoe and Ihe Education and Care Committ88. The Prinupal of the Charity Is responslblo to the Tws¢ees for the day-lo-day Operat and is supported by a Senlor Management Toam nsiStS of the Asslstanl Principal, the Head of Pqrsonnel and the Head of Finance and Company Sectelary. Koy Blomt$ of thg intgmal financial ¢ontrd systems include IVIar rn88tings Df IhB Trustees to conswler m8nagnent 4¢¢ounts and budgetary wntrol. The Trustees approve th8 delation of authority in rnost respects through thg Financ8 wd Humon Resourc$$ cornrnittee to thè rest of the organisation. with 5P8cifr'c financial Ilmllalions imposed al each Iwel. The Charills empk)yeos arè mado awB of Ils othical Yalues, ¢odes of conduct and standard5 01 dlsclpline. The Education and Care Committee has a k¢y funetlon In MntaInIng an Overvi that prOdeS evKlerKe lor the value aid efficacy of the WDrk undertaen bythe Charity. Pay pollcyfor senlor staff The pay of 811 staff including SeThr Stsff Is reewed annualiv ty the Remunerntion Cornmittw. remuneraUon is banch-marked wRh pay kvels lor similar positions in the Specialist Education Wor. 1h in¢raas8s gen as appropriatè and aft8r taking into count th& finances of the organisatlon as a whole. OBJECTNES AND ACTMnES Th• Chafftrf'$ •bJ•¢Uves The Charity objects are rèstricted specificalty lo the relief ol those th learning diffKvttie$. di5abTlities and other parD¢ular gp8clal by tho provSslon ol edu¢ation and Iherèpy through ridlng hoe$ and related adiwti8S to promote and devdop their rnental and Fthyskol capablilies and, wthout prejudice to the generality of the foregoing, wth the intenllorn that the skills arned WOLmd, on and wilh hors. are transferrBd intts the understanding of, and abitsty in. thlls necesw lor daily life and wpllbang. Ch•tty aim: 'Thè Charity enabk$ people with particular 4)8clal needs to have control over their Ives aNJ to rdale more suceesslty to others. sourc4. lrfission statement Page 3
THE FORTUNE CENTRE OF RIDING THERAPY Roport Ol the Board {tontlnu•d) For the year ended 31 August 2025 Ih•vA•w of the Charity's Aclivilies The Trustees rtwew the aims and aclfvltie$ of th6 Charfly each year. rev16w looks at the athkvwngnt$ during Ih? Pr•tsu$ year, goAls IDr the ¢WnI and future years. and vthat wasures Deed to ba put In PCe lo SCesSfi1 athlove thosg paLs. Publk B•nefft kn slttlng objeth.ves and planniny 8etlwt$, Trustees givo rarefi tonslder8llon to Charfty Commisslon on public benefil and. in p.¢14r, to its suppkmenlary public bgnefil yuldan¢e on athiancing 8dvutKll. In parti¢ular the Trusi895 Gtsnsider how planned acti¥sties ill contrfbute to tho aims and objectives they havg set. The byork of thg Charity has an Identlfiable benefit tu the puwlc In ils provision ol residential Furttr Education ThrowJh Horsgmastership IFETHI cr$e. provIng educalion and therapy for young people lageo 16-25} wlth learning difficulties and di5abilikn5. Equal access lo the $8r¥ic8 is important to maintain thé èthos ol the Charity. There are no geographical StrieonS and no restricuons relal•ig to the prDleeted Characteristi sèt out in the Single Equakty sChe (which incorporates the Equality Act 20101. The Charity also works w#h the parents or guardlans ol stu(lents 2nd th8 11$d professtonals Invol¥6d kn supporbn9 Iht students. Many Msitors are wekomod to tho Charity. Sharing information wfth wsrtors fa¢lilaies the exchange ol pDfOatIOn and 1bS staff to leam ol other Equine F4cillt4ted EduGatlon 8nd Thèrapy IEFETI work The Charty 8xi8ntls awareness of the scope ol thi5. includSng through its irM)Ivemffit with the work of thè Br1s Ho¥s8 Soclety IBHSI the FederalioTh of Horses kn Education and Therapy Intérnation81 IHEni. Thg Charit1& faciltvas ¥e used for events such 8S the HETI IUKI Fonjms and those run by The PODY Club. kn addi0, Ihg Charlty's facikties ar8 used by the kncal and Wer community, indiiidual¥ groups, throughout th8 y8ar. The CharSty share$ 8XP8ri8nce and knowledge in thè provlslon of )rk experience. Open Oays by providing a speakgr lor rneelings and othw Fvents. Th1$ tend5 aw3renèss ol the spe¢iali$t provision of the Charity anil of other general oppwiunitios f young p80ple with hh needs. The Charity seeks to trAoaden the puNic's understsnding of Fwle th learrlng difficults'es and The Charity's Ibrary is a rfch resource for thos8 iThvolveO In EFET and anyone working 31ong$lde people th hh3h needs. A rneellng rrpjm l%*ilh eapadty for sixty peopk8 SEatl, and another $mall?r room suitabk lor meetings of up to ten peopl8, ar8 availab for se by othors. Bolh megtirvj r00rn5 have interactive wthitebJard5. The ForluNtes Association IOFAI maintalns conlacl th form•r FETH Course $tud¢nts, gNing them a vital wnt of con(a¢L Th8re L% an annual reunion where fomier members of staff aro also welcome. Page 4
THE FORTUNE CENTRE OF RIDING THERAPY Report of the Board (¢ontinuod) For thg year ended 31 August 2025 The win¢ip41 •ctiviti•s •f th8 Charlty Sinc8 the closure of rts care home in July 2024. from August 2024 the Charty now has main acti118$.. 1.The Fothne College Re5rdenlial Coyrs• The Charty serves as in lfidepgnLnt Spe¢ialist Pmwder for young p80ple aged bthefn sixteon and Ity-five years th0se ¢ducab"onal néèds Cannot bè met through loc41 government provision. StLkJ8nts on the regdential FETH cour58 are Ihoso who are motivated by being around, with, and on horsÉs. Studènts léam in an 8quine tsa and focused 8nwronment thmugh vthic rnore able lo comrnunitsl8, ¢oncentrate and CO)perate. The most recant Ofsted inspection was Csfried out in March 2023 and was categorisEd as a 'short iTrSPB(Kin'. Olsted Continu lo judge the provisK)n 8s'goo(S'. Ihe report commented that Studgnt outcomes remain good, with nearly all achiwng th"r prèdict8d OLrtcomes and making fwther inl) 8mploymenl or additional training. Studen15' athi9vement ¢)f ltsra¢y and numeraoy qwlifications is sisteY gLYJ Stud8nts also make excellent p¥ogres5 into their intsnded and MO independent living arrang8meNI5. Ihe residential course runs over three terms each yèar, lor a period of three years. Each stnt has an IndNidual Lgaming Plan IILPI designed lo mget individual aspirations, need5 and abilities, wtth a strong trlaS0S on vocalional equinè based arning and d&veloprnent of communication and life skills. Sincg Ihg students are motivated ty being around and workwig with r$e$, they learn key skills which are mily transferred in to Bvwyday life. LrteraGy, numeracy. ICT. (ommunicatn and PSHE are all part of the c¥rri¢ulum. Each ILP covers all a$ that conlribule lo a Slud&nts p8rsonal growth, including seM-awarenes5, the dev$lopmonl of confidence, increased maturity, fr)miin9 resationshi managing equalty and diversity i55uos. along with e4afety and regulation of their own emotional well-1Th9. Stsff adopt a ¢onsistent and well intsgrated approach to the t8aching of SOCAal and pgrsonal slls. AJI Stents have the Oppnity to attend and partirApats in a varied range of social and ¢ullural events. 2.Hors• Bued Theraw SeMioni Ihe Cerbtre offers weekly rider sossion$ lor local primary and secondary school students with physical and leaming thfficult$. This USU811y tskes the form of a one to one, OT Small group session. cuoidinal¢d by a specialist riding Iheraix5L or hippotheraptsL supported by a tearn of volunl8er helpers. The young people can improve th8ir mobility, bal¢. control and ermtional regulation thrOh riding horses. vaulting and barrel work. W88kly rider$ hold 215 sessK)ns during the 2024r25 year, providing a for 103 local children. The o)mmitment and dedicatson of the volunteers 1$ much appreclated and vltal to this actNity. Voluntsers rgcgiv8 training and support in their work, which is important to the many local children, and their families who benèfit. sdents on the lennty equine workshops lor sch1 age StlntS ITEWSSI arg molivaled by anlmal conixt, particularfy horses and OLrtdoor learning. This motivab'on can be harrsed lo enable teaching and interaction to take pla in an $nrOnment that is not dassroom, but dglivèrs functlDn81 skills for life in an 3rnative style. TEWSS runs for half days a week on a termty basis, for up lo 4 siudents. Students on the workshop are taugm quiné eAro by following the Brthsh Horse Socydty Challge awards. with English and Maihs also being incorporatsd into thè equin8 se$SnS. In the 2025r26 academic year, the Cènlre currenuy has 6 school groups *lending weekly riders, 3 hippothevdpy se&8ions, 2 TEWSS and 4 private therapeut ridiftg sgssions. Page 5
THE FORTUNE CENTRE OF RIDING THERAPY R•port of the Bmrd (tontlnuèd) For tho yoar eThd 31 August 2025 ACHIEVEMEIIT AIID PERFORMANCE Th¢ Truste8s overse8 and revi6W th• activities ol the Charity on a regular basis lo ensure standards remaln consistenty high and that the value for rN>nèy is malntaSned. The Education and Care Commlttee assist the Trustees in this 14sk. FETH course Students con$lstenlty make good progrE5S. PartIcula In the development of confid)ce, Independonc4, soclal rnmunication skills. In 2024125 75%12023124- 88%) ol students achwed Ihelr qualffications. The Centre had anticipated a trop againsl previous rest$ dug to the increased requhment5 to mplete the lull qualifi¢alion lor Malhs al 1 & 2. A chlenge thal the $tudent$ have fulty embraced. Looklng ahead. NOCN now offer awords In levels 1 & 2 which 9hould gNg Ihe siudEnts a bgtlgr opportunity to suc¢eed, whilst the Cgntre is still a9 to meet the qUired cond05 Of fundlNJ. The FETH eourse effe¢tlvely dfjvdop$ an indMdua19' Cop1 strategy and an expèctsloon of t¥enne&s to lÈanMng and to worting. Students learn to mak& positiv8 and constsuctive fri6ndshlps and develop groattr indfrpondan¢e. The Charity has a strong locus on the promotion of independence wi everyday life. 11 is fijnda1rtJI to the mkssion $tat8rnent and ethos. Students ara ancouraged to devdop thEir Indtpendenee, as well as kping themselves saf&. Stijlgnts ar9 encouraged lo dlscuss topKal issues whilst retaining respect for others and thwr kl6als. E-safety. locuslng on lh8 salo and appropriate use of Mo18 tllaphcgS, the intemet and soual medth platfom)$, is aL80 a kty part of cour58, 8nabling studants to tske lull advantage ol technology itJ1 tomprornising thèir own $8curity- The Centre has purpDso bjitt classroom known a$'Pot¢rs Box.. whlch is prknarity used for karning and education. Wowk Ewiiow¢• InlerThal work experierKe placernents in the main kllGhen. along I1h maintenanco househo tefyms havo bpBn used to dev8lop skills of some students and to prepare others for extgrn9I work experionce, These envirormenls help 5tudBnt$ to und8rstsnd the irnportance of folng inslmctlons in the workplace and to mako them aware ol Ihg relgvarht hF3tth safety 8spq¢ts associated th lh8 185ks b8iNJ mptsd. External wotk txpetience 1$ used to enabl$ students lo rwnfor¢e thg $kblls thEy have leamt at the FCRT, 8.9 litEracy, numery and sell-Gonfiden¢e. Thern is a vari of work In(411g rgtail. office. catering, elu¢ation, care and fioristry. in addltion to a nurnber of equlne pcernents. Work exporierKe produ8 rnany ¥ard opportunttles for learning. including t1 need to plan and implemEnt travel arran99wIts. The Charity continues lo work ¢k)sety wllh local txJsirws$85 and to bjld new buslness partnerships lo enable il tD oNer wality work 8XP8ri8nc2 opportunitios to many of our stud$nt& InfraslN¢¢ur¢ The Charily is situated on th8 ed98 of the New Forest Nath)nal Park and is surroundod by an area of outstsndng natural beauty. The specialist equine lditI8$ offer unique IrNing and therapeutic opporlunities to its bèneficlarfes. The Chty has recenlly feduc4d its numbEr of operatbnal stles trom thro8 to two, with the Closure ol fts c¥9 horr. This 1$ In aGcorOance with tts long lerni strategies, ansuring best use of its assets and to onsure continued, signifant in¥8stmw)t Is made to maintain the continuing Sit85 to 4ppropdate slandaTd. The SIdt[al accommodation offers a safe And frfondly Qnvomit In ke8ping with the ethos and natur8 of the organisalion, whwe students ¢an relax irb the e¥ening os they contlnue lo bwld rBlationships, While acqulrlng life Sknlls ar¥J exwtwce. Infornation T•¢htstsl•gy Tho Contre contknues to irwest in its InfoTThation Technology IITI Off9 and Management Inloml1on Systthns IMISI infrastruciiirè. Inclut1ing rwjular upda18s lo the Th ser¥ers and cornputer equipment. Page6
THE FORTUNE CENTRE OF RIDING THERAPY Report of Ihe Board (conllnuod) For the y8ar ended 31 August 2025 Staff The slaff boty are frorn a variety of backgrounds. oxpgrienc9, trairbing and internsts, all hm a doep )d ¢ontlnued Comment to th8 speuahst naiure of thp undertakgn at tho FCRT. The avorage head count (number of person$ mpY81) by th8 charity, excluding bank stsff durlng the yeèr was 8612W24- 891. The fvll lirn& 8quiv816nt Is 6112024- 631. Bank staff aro also used from ttme to lim8, 16 were aclive during the year12024- 19). stsff und8rtakè mandatory training on subjects such as Equality & Diversity, Data PrOtl0n. Salegwrdiw, Manual handling an Hèalh & Satsty gs part ol their induction covrs2. Other staff undortake training arml development events throughout the year. varying from short'bite ske. developmenl opporhJniti8S to long8r courses resultin9 in a recognÉsed qualrficatiorL Federallon rnembgrship of HETI pla¢e$ the Charity in a position to altract a worfthwde follong and aso supptyts staff to Goninuo their specialst profèssional devek7pm8nt in the field of equine therapy. Ad(b"tionalty. staff ar? 9ncouraged lo altend and represgllt the Chariiy at relevant professional cwlw&)ces aNI rneet regularfy with organi58tK)n5 such a5 HETI IWorEdl Congre55, Natspec. Assoclkn"on of Colleges, CQC and Otsted. FundNlilni ald Publ1¢ R•l•lo The Charity is 8xtr¢rngly walgbjl for tho ongoing support ol many who give $0 generously in a variety ol ways. The ¢harty conducts 911 Its fundralslng O¢tivity in line wlth the Fundraising Regulator Cod8 ol FundraisiThJ Prathce and 1$ pl8a8ed to confwm that It has reCeIv no complairts in rnlation lo Its filndraising lty ovèr the couw of the year. Fundraising and donatn5 provldg irryjortant and much needed funds for improing faalrties, ethanciro the learning experipnce for bèneficiarfes and lor the pro¢uT8m8nt ol equipment and r950urce5 lor bEneficiaries. chty d4)es not use the sèw1 ol profossional fundraiser or cOmmEral parti¢ipator. The Fundraising & Public Ralab"ons Manager 15 committed and Innova¥? in Ih8ir promotion and support of the work of the Charity. F191$[n9 continues Ihrwgh the genprosity 4)f many donors, individual aTvJ corporate, and through grnnt making Trusts. The Chty 1$ ms¢ grefiJl for Ihe weOm• sUppl and encouragement gwen by the local Cornmunty. A¢kno*ledg¢ment The Try$lee5 greally appredale th6 efforts ol all of the wmmittad, h¥d worng membws of staff ty0de a Spal$t ser¥Ke for young people who 4rè often otheNls6 overlooW. The workforce ol horses 15 outstsndingly patient. calm and poop inclusive. ThÈ volunteers are a souree ol Inspiration and support. The dediution of Ihe staff ri5e5 abjve all ubstscles. sown In. season out. TnI you Io o¥eryono lor thr unreserved cornmitment. Page 7
THE FORTUNE CENTRE OF RIDING THERAPY R•port of th• Board (continu) For the year endèd 31 August 202S A¢ of fiaN¢lal poslflon Thg net vement in funds for the year was a deficft of £196,441 12024 - surplus £16.08018s Ilsdosed on page thirteen. Th& financial posrtion of thè Charity is shosw in th8 b3ce sh¥et on page fourteen. This roffects Iho invostnKnt of £1,78I,90312024- £1,847.2931 in li¥ed assets used for charitable purposes taken from both rriCt9d and unrestricted knds. Tha bance of free rese$ Invested in olher 8SS8ts 15 £585,91812024- £630.2001. Tho rèstricted lunos held at 31 August 2025 amwnted lo £60,892 12024- £76.7051. lh8 detsl of vknlch Is shown In note sevwia¢n. DoSILatsd fvnds were £36.75612024- £112,712). Sl¥nh1¢atht events during th? ygar Further to the trUCturing of tha Trust•e Board thal commenced in early guSt 2024, during the yg8r Iwo Trusteos have left th9 Centre. or a anned r8lir8mènt and the olhgr due to ongoing work ctsmrnftments. Post year gnd an additlonal TrU8e st8ppwJ away from the Centr• du8 to kngistical challenges. In all three instbn¢es. the Trustees and Sgnior Managers have greaY appr8ciateO Ihè input durwig Ihelr respKtive tenufes. The Centre moves forward Mth a Board of 8 Trustees. Plais forthe A k9y alm of th8 Centrns WOTk Is to prep8re the $lud•)ts lor indopendent liwng, leadin9 to a fulkr fifg expernc8 for Ihe indmdual. As part ol stralegl¢ rewew, a decision was madB to puol the Centres resources and invest, with purpose. into the development of the FETH Course offering, gf which irKlgpendent $knlls ar8 a core 818mènt. Thos shwld W0de STeattr support and rnor8 posllve outcomes for thp individual and local authorities for the ltsno térm. Prfn¢ipal luftthg 1¢• Th8 principal lunding soures lor the Charity arg the Education Skills Fmdlng Agwcy and Lo1 AUlhoiit$. ReMr¥¢s Th8 Ch¥tty holds reserYg$ to prNde working Gapital, proterl against a rÉdu¢*on in Sncorne and enatrAe il to take advantag8 of new opporturxties. tt aims for fr99 fE5erYes of around 3 months. opsrating expenditure. Atthovgh this reserve was approximatdy 2.5 months al 3151 Auyu5t 2025, the Tru$teÈs Consider the curnnt to be adequate al this time. Rlsk m19•mOnt The Chty,5 dependtnty on one key income So, being Local Government Fundinu, is a major financ4al risk for the orwlsation. A vital el)ent In the managernènt of thls pèrtKukr fjnw¢ial risk is maintèining the qua16ty ol ihe 8du¢2tional provlslon dollv8red by the Charity, a key performance Indicator ewdenced by the contiMÈd'&Jod' ratlng trom Otsted120231. Tho Care Quality Commission ICOCI have also previously ¢arri9d out illSPBctions. Lanfranv) House and Robgrt House were inspectèd ty the CQC in January 2019 and wero awarded a 'Good' rating. WOOtt Hall Fami was inspected in October 2Q17 and was also aw¥dgd an OVEfdll ratiNJ of 'Good'. lour indNKYual grddes of 'Good' one ran9 of 'OutStanding'. The Truslèos have a risk managem9nt strzt£gy that ts wdated foU(wing an anThual of the Risk Register. R•eW provides Ihe opportunity lo consider and assess new and, or, emergiry risks. Linked to th8 Risk Register Is a Critical InrAd•nt Procedure in which high impad risks are considered and pro¢edur95 id8ntifi8d to dpal vrith in¢ldents vthith may ar1. Actions to mitvJate risk art mpl8men(ed through the Charfly's policies and procedure5 and through stsff and Trusteé trainlng. Page 8
THE FORTUNE CENTRE OF RIDING THERAPY Report of the Board (contlnued) For th• y8ar •nded 31 August 2025 Trusttss. r•$ptyMlbllthy sl•lement The Trustee5 (w) also dirtOrS ol the tharitsblg ¢ompaThy for the purposes ol company lawl arè respOnble for preparing IhE R8rM)rt of th8 Board and the Financlal Slatemonts kn acc(xdanc8 with appli¢abk law and regulations. Cornpany law require5 the Truslee5 to preparo Financial Statements for each financial T in accordan¢e %lh Unrted "ngdoM Generglly Accepted kcounthng Practice (Lknited lfjngdom Accounting Standards and applicable lawl. Undw thè company law, Ihe Trustees must not approve the fin8ncial statements uTrle$s they are satisfi8d that Ihey gNe a twÈ and fair vièw ol the stste of the affairs of the Charty of the IomIng resources and appliution of r850uros by the Charity for Ihat period. In preparing the finanthal statements. tho TStee$ are required io.. S8ct surtable accounlng yx)licies and thèm eonsistenljy, observe method$ and prindples in th8 Chanti8s Statement of Rqcommend•d PrActfjce'. state whether appliCae UK aecounting standards hav8 followed. subj1 to any materil depariures dlsclosed Bnd 8xrl8ined in thè financial stalwnon opare Ihe financial Slaternts on a gng Co9M basis, unl8$5 fi i¥ Inapproprfats to prosumg thal the Chaiity 11 wntinue in bunS. ThB Trustees are responsible ftr keepiw PToper accounting records that show and explain the Charfty's tran$8Ctions, to dlsclosfr with reasonab a¢cwa¢y al any lime Ihe financial powth)n ol the Charity, and to gnable them to ensure Ihat Ihe financial statoThnts comply wlth Ihe com185 Act 20C6. Thay ire a0 res$e for safeyuardiny th8 assèts ol th8 Charty and therefore for taking reasonable steps for the prevention Ind 016ction ol fraud and Olher irr89¥tI8S. Stalornonluts dis¢hsur•to •ur audrtorj In so tsr as Ihe TN5lees • aware at the tlm8 of wirovkn9 our Trust88s' amual report.. There is no rd8vant infotmatiorK bdng inforrnation neod8d ty tho audllor In ¢onne¢tion with prgparfng their report, of which the LYOiIP'5 4uditor is unaware. aThl The Truslees, han9 made enquir& ol fellow trust60s, have each taken stops that he or sho Is Obled lo lake as a trtee in order lo make themselves awar8 of any tethnt audll knformalion and lo lablISh that thg auditor Is aware of that information. By ord•rof th •lTrusta•s 8lgDgd ow bohall•lth• TN5t Tho Lord Mann•rn. Chalr ol the TNsts86 Dats..... Page 9
THE FORTUNE CENTRE OF RIDING THERAPY Independent Auditorfs report to the member$ of the Fortune Contre of Rldlng Thorapy 1jp10 We h0 audited the finanal ststements of The Fortune Centre of Riding Th&rapy Ithe 'charhable company'l for the year endgd 31 August 2025 which cfjmprk89 the Statement of Financial Actmties lincludlng the Income and expendtturè aceountl, the Balance Sheet, the Cash Fk)w SlaleWnt ind notes to the finalat stat£m8nts, includlng a summary ol siqnificant accountlng poli85. The financl reporting framework that has been ¥pli8d thgir prepardknn is aptyicablo law and United ngdoM Accoynkn'ng Star8rd$ (Unit Kingthm Generalty Accept Accountm9 Pra¢tlcel. our OFinion the finan¢i21 statements.. yive a true and fair ol Ihg State of t charitabk companls affairs as at 31 August 2025 and ol its Incomlng resources and application of reswrces, including 115 income and expenditure. lor th8 year then ended., ha¥8 boen property pr8par8d in acrdan¢e with Uni18d lfjngdom Generalty Ac¢4)led Aounting Prxti¢e,' and have bo pr8pafgd In a¢wdanc8with th8 rewirements of the Compani9s Act 2006. oasis fw •PiniQD Vle Conduct OUT audit in accordance wilh lfttern8tional Slandar(Js on ALKlltlrvd (UK) IISAS IUKII and applicable law. Our SpOnblItieS under thos8 standards are fiJrtr described in the ALtditors' responslbillJes for the audit DI the finanqal stat8m8nls section ol our report. We are independt of the chwilabl8 cornpany in accordance th the ethical rffjulrements th ar8 le¥artt to our audst of the finarthl ststemenls in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethi1 responwbilrties ITh 7KcorOance wlh Ihgse requir8m8nts. We bdieve that thg audit denc0 we have obtsin8d 15 suffi¢Sent and appropriate to prOe a basis for our ownion. Conduiiom r•lallng Io golng In audng th8 financial statent$, we have conduded that the Iwstses, u59 of th8 going nCern basis ol accounting in th8 gpardtion of the fin¢1 statsmgnts is appropriate. Basèd on the work we have rrform8d, wa have not identified any Material unc6rtainlios relaling lo events or conditions that, indlwdualty or ¢ollectfvety. rnay cast doubt on th? charitable CDryipany's abS11ty io Continue as a golng concern for a perftsd of at18ast twelve months trom when thè ffnan¢kg1 statements are authorisad for issue. Our reswns(oilities thp respon$lbllMes of the trustees With resPt to going concern are d$sulbod In th8 relevant sKlfjons ol llis Oth•rlTrlormallo The truslees ate re$ponsitAè for th? vther inlomialioTh. The other informalon compris8s lh8 information Includ6d in Ihg Roport ol 11 Board. other th? Ihè financlal slalements and ovr Report otthe Indapendent Auditor8 thereon. Our opirmon th thè financ(al ststew*nts does rrf)t cover the other informalion and, excwl to the extent olherwi5e expllcitly ststed in our r8poTt. we do not express any forrn ol assurance conclusiM thgreon. Our responsibility is to read the other infom)ation and, in dolng so, ¢onsid6r whether th8 other informatton is materially inconsistent with the financial statgments or our knoedg# obtalned In the course of the audft or othese appears lo be materialty mi£stated. 11 we identify such material in¢tsnsi$tencies or apparenl matsrial misstalemenis, wè am required to delgrmn8 Mthelher this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we t4n¢lude that there is a malerigl rnSsstatement ol this other Informatlon, w8 8ré r4oJlréd to rwc¢l that lact. We have nothing to report in this regard. Page 10
THE FORTUNE CENTRE OF RIDING THERAPY Indep•ndont Audltovs r•port lo Iht memb•rs of the Fortune Cèntre of Rldlng Therapy Op1$ oth•r matt4rs W$¢Fld by the CoThpaniesAd 2006 In our OFinion, based on the wowk undeken in the course of the aydit.. the infomiation gwen in the Report ol the Board for the )Inwclal yea for whlch tho financial stslornts are prepar 15 consistent with the finandal slatem8nts', and Ihe Report ol the Boord ha5 béen preparéd ardance with applicabkg legal r8wlrernBnts. Mattgrs on whkh wo aro requ1r to r•p•rtty •x¢•prfon In th? lighl of the knEd9? and Ltnderstanling of the ch41itatye company and its envlronmenl obtsined in the course of the audit, we havè not klentlfied material misstatemants in the Report ol th• TrUSts. We have nothing lo report in rgspect of the follng maiteys where the Comp8rbl¢s Act 2006 r8qulr66 US to report to you rf, in ow oniOn.. ad$quat8 aOUntIng records hav• not been kept or retums adequate for our audtt hBve Iiot been Ved from branchos not visited by us,. or Ihè financlal statements are not in agreement the accounting records and retum&'. or disclosures of trustees, remunwation sp8cffied ty law 8r8 not made. or we have not recdved all the inforniabon and 8xphnat6Dns we require lor our audlt.. or the tru51ees Wwg not 8ntitl8d to take advantage of the small corryjaniès Sxnpt10n from the requirernent to prg)are a Stratryrc Report or in pr8paiing the Report of the TrusteB5. R•spon4bllllles of tnNtWS As explained more fvlly in the Ststement of Trustees, Responslbilthes, the trustèes l*l)o are atso the directors of tt)è chariti ccthpany lor the pury)OS8s of company lawl are responsibk for th8 prepèraUon of the ffinandal slatements and for being 5atlsfi8d that they gwe a tN& and lair ew, and lor such internal control a$ thÈ trustees determine Is necfyssary to enab the preparatH)n of finantsal statents Ihat arn free Irthn malerial misslalomenl. whther duè to fraud or orror. In prgpark)g the flnancial ststwnents, th? Irustees arè r$sponsia for assessing the charita@ compafiy's alty to continue a$ o gdng concem. disdosing, as appllcable. rnalt8rs relal8d to going concwm and using the going concern basi5 of aC¢wrng n$S Ihe tru$iees Intend lo liquidalè the charttable company or to C8ase op8rètion4 LY hwe no realisti¢ altgrnative but to do so. Qirr•sponsY>llltl•s lorthe audit olth• finan¢ial statements Our objactives are to obtsln reasonable assuran about whether the ffinanclal ststement5 25 3 %thole arg free from material iSStalement, whether due to fraud or pm)r, and to issue a Report of the IndependBnt Auditors that iDcludes our opinm. Reasonab asswance Is a high l&vd of assurancg. but is not o guarantee that an audit conductèd in a¢corOance wth ISAS IUKI Mll aayS detect a rnatertal mSsststwnent wthgn il 8XlSts. Mis5tatEments can arise frorn fraud or wror are conydered material if, IndNidualty or in aggregate. they could rgasonabty be expected to influénce the ectsnomlc decisioTrs ol vsers tskEn on the basis of these finanL¥al stèthonls. The 8xl8nt to Wthich our procedure5 ar? ¢apable of det8cling irrewlarihes. in¢kndiDg is detail beh)w'. BKause of the inherent lirnitsllons of an audil, thgTe 2 risk that We will not detect all Irregularits8& including fhose leading to rnaterial rnisststement in the finan¢lal staternents or non-compliance with regUtIon. This rk increases the more that compliance wth a18w or rogukitlon Is rerTh)ved from the events and transacuons reflected in financial slaternents. a$ we will lèss likety to bec aw¥0 of instanc05 01 non-cornplianc8. The risk k also greater regarding 1rre9uknti otcurring due to fraud rather than error, as fraud knw)lYes intentional wncealment, forgery, colluslon, ornission or misrepresentation. Page 11
THE FORTUNE CENTRE OF RIDING THERAPY Indepond•nt Auditofs report to the mémb•rs of th• Fprtung Centre of Riding Th•rapy Our Msp0Th5Nlltlès lorth• auth •f th• fln•Dclal statom•brts l¢ontthued} W8 obtained an wderstsndinu ol Ihe legal and rewlalory framework aPpCle to the company via discussions with the trustees and our previous knowledge of the company. This iden'fied that the most SIgntant laws and r£gulallons relate to the lo and cont8Tht of the financial statements such as the UK Cgrnpanies Act 2LX)6, Charities Act 20118nd thè Charrti&s SORP IFRS 102. In addition, we alsg considEred the impact of the review procqdures undertaken by The Carg Quality Commission ICQCI and Ofst8d. Tho company complies %w¢h these laws and regulations ty using aPprOlatelY qu&lifigd profÈsslonals to prepare the financtal ststents and lo prowdt adwco on other matters. As part ol wr plannSng process we assessed su$captlbfjlty of th8 ¢omparfs ffinamal statsmgnts lo matewial mi5$1atements, IrlUdi[j how fraud might occur by mthng an a$$essment ol the key risks. We evaluated rnanag¢m8nts In¢gntives and opportunily for frauduleTht mènlpulalion ol the fina•al stsiemenls (including the risk of override of controisl, and Ootsrmined that the principal risks were rdaled to InapproprialejouTnal entrias to manipulato Ilnanclal results. Procedures perfOrN by the audit tearn includerl.. Discusslons with managerr1 and those Charged with gov8rnan¢9 wading consideration of known oi wspe¢tgd instances of non-compliwce with Ibw5 and regulat4ons and fraud,. OtrAaining an undwstsnding of controls designed to pre¥t and dotecl iThggulariti8S- ewing minutss from tru51ee meeng$ for 8vklenc¥ of any Iraud or non40MlanCe wilh laws and 181)n5- Cotnmunicakn'ng leVant laws 8nd reyulations and potential fraud risks lo all engagement team Thmbers and remainlng algrt lo any indicators of fraud or MwJmpliante with $ and regulations throughout the aJiL and we have rec¢lvod all the infonna¢ion aTrJ eXpnalI0S we require lor ow audit.. or Assessing journal entrios as part ol our plann8d audit 4pproach. wth a partiw12r fooJ$ on Uma1 entries to key financlal statémènt areas. Our audft procedures were desiw8d to r&spond lo risks of material misstaternent In tho ffinan¢Aal $tst¢m8nls, recognSsing that the risk of not dot8cting a material rnisstatèmont due lo fraud is hlgher Ihan th& risk of not detecbro one re5utting from error. as fraud may Involve deliberate ¢onc8alment by, for example. lorg9ry, misrepresentstiLX)s or through collusion. There are Inherent limttations In the audit prordvres porfom%d and the further removed non40mpliance with laws and re9uL8thons Is trom the evoDts and transactions rgfiectèd In th8 Ilnandal statement$, the1855 wè ar8 to becom8 aW2r8 of it. A furthlr descriptlm of ryjr resnsIbIlItIeS for Ihe audèt of the financial statements is loted on the Finanelil Reportlrtg Coundl's website al .fr¢.or9.aIitorsr4spOnsS.Irtle$. This description forms part ol our Report of the Independent Audrtors. ofourr•port This r4)ort is rnade solety to the charitab1 Gornpany's mernbers, as a body. in xcortrdnce with Chapter 3 of Part 16 of Ihe companies Act 2006. Our autht work has been undertakBn SQ that we might slate to the charitable Eompany's mernbers those malters we art required lo slate to them in arb audiiors. feport and lor no other purpos8. To the fulle$t extent permitted by law, we do not accept or assume responsilmlity to anyone other Ihan the charitsble cornpany and the charitsble corrloany's members as a bodyi for our auoil worl for this r£pori, or lor the opinions wg have forrnsd. Harriet Sargeanl FCA Isenior Statutory Audilorl for and on bd)all of Shw Thbbs (Audit) Limit•d Chartered Accountants and Staiutory knlitors 25 St. Thomas Street Winchgster S023 9HJ Page 12
THE FORTUNE CENTRE OF RIDING THERAPY STATEMEKf OF FINANCIAL ACTNITIES {Includlng Income and exp•ndliuro ac¢ount) For the year ended 31 August 2025 Unrestrl¢tod ds Dgnitod nds R•511i¢t•d fund5 T•t•l fundi 2024 lunds 2025 Not•$ Iwimo from DatIOnS, gaCleS and grant5 78.128 69,049 147,177 95.665 CharitablB altieS Equing assisted thapY 3,4B6.581 3,486.581 3.718,675 Othgitradln9 a¢dvlfl Fundralslng events and aCtIve$ Hirt of lacilties Bank intsresl 14.386 11.884 4,485 14,386 11,884 4.485 11.6 10,879 0¢h¥rInmIng rgsourc8s Gain on disposal of fixed assets Total Income 3,595,464 69.049 3.664.513 3N1,640 EXp•nd1I• Charitabh aCtitS Raising funds and publlcty 3.693.893 39.213 68,660 7,296 51.892 3.814,445 46.509 3.811,943 13,617 Total •xp•ndit¥ 3,133,106 75.956 51.892 3,860.954 3,825,560 Nèt lexpendlthr•} I In¢offl• 1137,642) 32,970 175,9561 17.157 16,080 Transfer1kn8En fd5 132,9701 Net16xpendliurol I Income lor the yoar and movement In fvnds 1104.6721 (TS,9561 115.8131 1196,4411 16,080 Ro¢on¢Ula¢lon of fvnds Funds brought forw¥d 2,477,493 112,712 76,705 2,666,910 2,650.830 17 2.372,821 36,756 60.892 2.470,469 2,666.910 The slalemanl ol financial acti¥th8s in¢ludos all gwns and losses fEcoynised in year. AJI iTrwming resource5 and resour$ expanded darl from ¢ontlnuing actiwties. Page 13
THE FORTUNE CENTRE OF RIDING THERAPY COMPANY NUMBER 03031713 BALANCE SHEET As at 31 August 2025 2025 2024 Not•s Ftsed assets Tangible assets 11 1.786.903 1.847293 stoe Debtors Cash al Nqnk and in hand 12 99,322 771.442 947,890 711,741 870.764 1,725,63T Llablltttes Creditors.. amount falllng Oue thIn one year 13 1186,1931 1902,000) Net wrrent •uets 884,571 823,637 Creditors.. arrUnt falling thja 8fter year 14 11,0051 (4,020 2,470.4fj9 2,666,910 Fmds Unrestricted General Dèsignatèd Trtat unrestricted fund& 17 2,372,821 36.756 2,471,493 112,112 2,409,577 2,SW,205 ReStrted 17 60.892 76,705 T•tal 2,470,4fj9 2.666,910 Thesfr financlal 5ts¢emonls have prewed in accordarKe wtth the provisions applicab lo charitsble cornpanie$ Subject to t small companies Teg¥me. The flnan¢i?I statements W8Te appri)vgd by the Board of Direciors and authtsrlsed foi issue on. were slgned ty: Lord Manners Chairof Ihe Trusiees Nichd8s Fernyhough Trustee The noles on pages 1610 26 torm part ol these ac¢ounts Page 14
THE FORTUNE CENTRE OF RIDING THERAPY ststement ol Cash Flows For th yoar ended 31 August 2025 2025 2024 Notss Net Hsh operating adivils 73.4 132,510 ¢ash Ilowfrom In¥Ktlng a¢tlvlllgS Pay1[1$ lo acquir8 tsngible fixgd assets Interest pail Receipts from th$pol of ffixed assets Inyestmenl inrne 183.5111 18631 {371.1221 18631 4,485 10,879 Nel ¢a$h flow us•d In In¥•TrO aGthfilie3 (79.8891 1361,1061 Net incrBas81 {dreasO) in fsh and Cash equivalonls {6.3051 (228.5961 Cash and tash èqu1•Thts at1 S•ptsmb¢r 7T7,747 1,006,343 Cash and cash •qu5valeTrts at 31 Auwjst 771,442 777,747 It Charitsble Company has no debt and hence a s8parate rory)nGMiati¢)n of net debt has not b8en pr¢parod. Page IS
THE FORTUNE CENTRE OF RIDING THERAPY Not05 to Iho financial aternnts For thè year ended 31 August 2025 1 A¢¢ounllng poll¢i Th$ ForbJn8 Centre of dIng Therapy is a charltsble ryany Ibmit£d ty guarantee not having Share caF4tal and Is inCoK)rated on England and Wales. ln the event of the charity bwng wwnd up. IhE lièthlfty in respecl of the guarantee 15 limited to £10 psr momt4r of the charity. The address ol the rebisler•Y Olfi is gwen In the reference and adNlnistratkn Infomntion on p8go l of th financial statements. The following principal xtountlno polKies h&ve bgon appll8d= (al Basis of pr•parnllon The charity constitutes a public berfft entity defined by FRS102. The financlal stat8m8nts hav¢ been pr8par¢d in a¢Idar0 with Accounting ano Reporting ty Charibes. Ststem&nt ol Recornm8nd8d Practice applicablè to charllies preparing their accounts in accorlance with the Finanrial Reporting Standard applicable in the UK and Republic ol Ireland IFRS1021, leffe¢b¥e 1 January 20191, Section 1A of FRS102, the Financlal Repwbng Standard app1lob in the UK and Republ ¢f Irèland. and the Companias Act 2006. Thg accourrts are YeSent h storfiDg kn1¢h 1$ lh8 functional eurrency ol Ihe charity and roundod to the nearest £. Ibl Golng Con¢•rn The ffinancial ststemints ?rè prep¥ed on a Ing Mncgrn basis. Thè Slat6ment ol Fina[al Activ•$ on pagg 13 Show a defficrt for the year. The Balance Sheet on page 14 shows a decreased not current assets pOsitn against prior year. Trustèès have finanual projeclK>ns lor the period to August 2026. takin9 Into account a¢Wal slud8nl nurnbers for the 2025126 academic y8ar, akn with any actions that would be should the actual nvmbers drfl8r from thi$ posllion, and consEder there is a reawnable 8xpectstton that the charity has adw4uate resouvxs to continup in opeTational exlstence for thè foreseeable firture. For Ihis reaso the Board continuBS to adopt Ihe'GoSng Conwn. basis in PTBparing the Financial Statements. Ic} InE•m• PJI income 15 rKogni$8d whEn the charfty Is entrtd to incorne, any perfom)ance condlbons attached to the It$ of income hwe been met, there is suffKnt c&tsinty of receipt and so its pfobablo thal the incom8 will be weived, and the amount can be measured reliably. No expenses arg n¢ttBd Dff against Income. Any recoverablB gift aid is Induded under the irKome heading to whlch ft relates. Donation and yrants arè Inthded in the statement of financial aclfvrties when rwvabl8 by the ¢harity. Grants vth8re enlluemenl is not conditlonal on the delNery of specifr'c plyromic¢ by the ¢harity are recogniSBd whon the Charity Lwomes uncon(5ittorbally ented to the grant. Legacies are includod ¢fj th8 ¢harity has been notlflod ol tho Iggacy and thè gny)unt of th8 legacy can be detemiined with reason£ble accuracy. No arnounis are Included in the finala1 statements for services dolted by volunteers. The Report of Ihe Board contains mor• information about their very us8ftA contribution. Bank interest is included when rec6Yvabl8 and tho gmount can be rn£asur* rèllably ty the charity. This is nomialty upon nolificatiL¥) of the interest or divk1ond Pa or pay4bl& Page 16
THE FORTUNE CENTRE OF RIDING THERAPY Not•s to th• financlal statements For thè y•ar énded 31 August 2025 {•) Exndr& Expenditure is rewnised accruols basis as soon as there Ss a legal or CDnstruct1¥8 obllgation convnitbng charity to th8 expenditure. tt is probable that seitlement will bo required and the ¥nounl of thg obligation can be MSIed réllabty. Expenditure includes any VAT which canmt be frjly roco¥wed. Charitable expenditure comprises those costs incurred by th8 Charity in the delwery of its actit$ and WVTC9S fN 6ts benefiryarios. It includes both costs Ihat can be albrated dir8cUy to such activities and those costs ol an indireGt nature necessary to support tham. I costs arg allocatsd between the expenditur8 catgw)rie$ of the Ststem8nt of Financlal kliwties w a bèsis designed lo r8fi•ct the us¥ of rosourc8. Costs relatkng to i pwlicukr activity a allocated dirxtty, and are apportioned rm an appropriaie baw¥. (n Operalihg Ibas•i Rentals pyab under operating leases are charged to thè Stotamont of Financial Activiti¢s over tho period ID thIch the wst is curred on a stralght ling bas. 191 Penilon ¢•sts The charity conlribules to a group penshin pLryn and a work based p$nsion plan in whKh the bengfft$ 4r9 dtrecdy letrmed ty th value Of the contribulion$ paid in respect ol each member. Accordingty, tha change in Staterrpnt of Financlal Activkn'es for the year fepresents the amount of con1ributiorbS ptyat4e to the pension sthernes In r•st of th8 wAounting y8ar. (h) Tanglbl• a$s•ts Individual assets eosling £5(XJ or morg CapthSed al cosl and depwiation 1$ pded on the straight I8 method to wyite off the ¢DSt of all tangib fjxed assets. except lor freehold land. Assds und8r conslrudion are not dOweatl untll thèy arè brought into se. It Is calculated at th¥ IL41ti¥llng ratos.. Fr8phold buildings Plant and equipmeni Motor vehi¢18 Horsgs 2% to 10% straight line 20% 10 33% straight line (previously detailed os reducing b•l•nce) 20% strait line (previousty detsikd as red9 balance) 50% slrai9ht line The reason for th8 change to the depre¢Aation rnhod is due (o an historical orror in thè ount[j lty. 5$ no flnanci impact resutting trom the change. {11 Inveslments Investments are z fonn of basic financial instrumBnt and are Initially rocogrhised at thgir Iransachowl valuo arKI subsequ&ilJy measured at thÈlr fail value as at thg balance Sheet date using the closing quot£d market Ce. I gains and k)sses are taken to Ihe StateTnEnl of Financial Actlvftles as thoy aiise. Realwl gains K7sses on investments arg cakulaled as Ihe diffvr8nco belwten sales yoceeds and their openlng value or thelr purchased valje if acquirfjd subsequwtty to th9 fiTsI day of Ihe financizl year. Unr8alis8d gain5 and losses are cakw13ted as a drfference btheen the falr value at th6 year end arnl tho ¢arWng valug. til stock Stoi* is valued at the lower of cost or net realisable value. {11 Il•bto Trade and other d¢btOTS art recognised at thè sottlemenl amouTht due after any trade discount offered. Prepayments are vaed at t amount paid net of any trad8 discounts due. Page 17
THE FORTUNE CENTRE OF RIDING THERAPY Notes to the flnanclal slat•ments For the year ended 31 A9$1 2025 Cash at bank amd in hand Cash at bank and in hand includes cash short term highty qUid in$ents with a shorl malurity of thee mnths or less from the date ol acquisioll or oponing ol the dap0511 account or 5imlar. Unre$tri¢ted fuN1s ar6 the 98ra1 fund$ of the charity and ¥8 &xpendable al th& di$crelion of the Trustees in furtherance of the ot4ects ol tho charat company. D8signst£d fd4 are hjnds sat aside at ihe disuetion ol the Tnjslees for spvif pwposes. RestrKted income funds r8presernt grant$ and donations Ved that ¢an only b2 Ltsed tsr the particur purpose sli)ulated by the donor or through th8 terrns of an appeal. {hl Termlnallon paym•nts Tsmiinab'on payments a amounts payable as a rèsutt of a to end an offer of ernpbyThent. Th are rwnis¢d In ftsll kn the perfod in whlch Ihe employment tèased. (•} ¢rltk•l awiThtlng e¥timt•d and aw•a ofludgeThent EstiTrptss and judgernents a conlnually evalualed and are ba8ed on hIstOr exwieThco olhgr fadots. indudSng expÈctstiofis of Yuture events that a belioved lo be reasonab18 U[or the clr¢umstans. The charity makes estimates and assumptions con¢eming the future. The results wll. by d9finition, sgldom equal the actual oUtMe. No £stimat85 and assumponS that hays a snthcant risk f causlw a material adjustsnent to the carrying value of assets and li?1li05 wlhin the next financial year arè noj. The annual d&pre¢iation charg9 for the tangible assels are reassessèd artnually. They are amgnded if [E$S$ry, annually. TW amendEd to reflect current estimates. Where donated good and assets are received. an eslimate ryI1 be made of their vlua. 2 Incom• fmm donatvjns •nd Ibgael 2025 Unr•strl¢tsd 2025 Rgslrfci•d 2025 2024 Totsl Equin• Faeilhat•d Edueallon and Thfjrapy Gifts Legaci8S 41,145 36,353 69,049 110,794 36,383 95.665 T8,128 69,049 147.177 95,685 Inyearended31 August 2024 £33,046 olgifts w8re reslridedand£63,619 was unr4sfrt¢l8d. 3 kn¢oming r•sourcos from £harhbh athltl•$ 2025 Unr851rfEted 2025 R•s¢rt¢¢ed 2025 Totsl 2024 Equln• Fa¢llltat•d Edu¢aNoD and Therapy FETH Cour58s ar¥J Associales Otherf88s and incorr 3,356.490 130,091 3,356.490 130.091 3.707,779 10,896 3,486,581 3,486,581 3,718,675 Allincome inyearendod 31 August2024 w¥s unwlnGted. Page 18
THE FORTUNE eEt4TRE OF RIDING THERAPY Not¢s to th• finan¢ial statements For th• year ended 31 August 2025 4 Eip1ndlrn pn charf¢abl• a¢ll¥Stl•s 2025 Unr05tdct8d 2025 AIrkt•d 2025 Totsl 2024 Equin• Fa¢ilitat•d EthJ¢atlon and Th•ra DirKt Costs &Jpport costs Inolo 51 3.692,778 69.775 51.892 3.744.670 69.775 3,735,571 76.372 3,762,553 51,892 3014,445 3,811,943 l exp8ndlture Inywernl8d37 Au9us12024 was unrestrKted 5 &pport ¢osts Chwltable xll¥ltl•s Go¥ernanr• Costs 2025 Total 2024 quin8 Fa¢ilitatsd Ethcatlon and TPH Staff c4sts Bank charg8S Teleph(Trno Printlng, postg9• and ststionery Pr0fègSrtaI 14fj$ Trustees, expense5 1Q.795 1.259 20.738 14,116 22.867 33,662 1,259 20,738 14,116 33.949 1,688 21,724 14,319 4,692 46,908 22.867 69.775 76,372 2024 Spllt.. Charitable #cli1$ Governanc8 costs 53,310 23,Lh12 76.372 6 Go¥•rnan¢o costi 2025 Total 2024 Tot•1 Support cosis Inoie 51 Audit fees Idireet tosisl l)ther profg5$ional 18e5 Id*eet Costs) Y2,867 15,600 23,062 23,000 15.400 45,667 61.462 7 Nel ¢Apondilurg lorthe y• 2025 Total 2024 Tlis is stated aft8r charging.. D4)rtlal&)n of fixed assets AuditrJr5' remvneratlon 143,902 15,600 168,379 23.OlXI Page 19
THE FORTUNE CENTRE OF RIDING THERAPY Not to thè financlal st4tsm•nts For th• ar •nded 31 August 2025 8 InfoThalioTr r•4arding emphffts 2025 Totsl 2024 Total Wages and salaries Ernploy8rf5 national in5UTance Defined contribution pension stherne ¢osts 2,303,279 216,697 55,951 2,284,836 194,485 58.372 2,575,927 2.537.693 The average head count Inumb8r of p6rson$ employed) by the tharity. ex¢lullng tyank staff during thg ar was 8612024- 891- The Yull tTho eqV8nt is 6112024- 631. Bank stsff are also usod from l(mo to timo, 16 were activg during the y8ar12024- 191. No effployee earned in ex¢ess of £60.000 per anryum. The key rnanJ8rnent personnol of the charlly compris95 lh9 Trust88s. thg FCRT Principal, the Assistant Prlidpal, the Head ol PerSne1 and Head of Finance and Cornpany Secrgtary. Th9 total employees benefits ol th8 kèy management wsonnel of the tharily wwe £204.443 {2024- £218,701). No renwneration was p8id during the year to any trustee121r24- £nill. 9 Pensk)n ¢0 The ntributeS to a greup Stakeholder penslon plan (dosed to new tran1S trom 20141 and a work b¥serf pensK)n plan al Ihg ciwr8nt &tatulory re(wired rates. The pension costs charge r8yeserts contributions payabl8 by the Charity aThJ amounied lo £55.95112024- £58,372). At 31st AugU512025 £9,92812024- £10,221) was owng in lospt of pansion Gontrthubon 10 Twtiom The Charity is exempl frorn lax on income and galns to the ex Ihgs8 are applied to its ¢harltable objects. Page 20
THE FORTUNE CENTRE OF RIDING THERAPY Notes to thè financlal stst•rnonts For th• ar onded 31 August 2025 11 Tangiblo h•d amgts Froehold land and butldlngs Plant arml equipment Molor Y•hl¢les Hor Totsl Cost At 1 Soptsmbw 2024 Additions Disposals 3,306,833 965,8116 76.511 (9,8171 148,029 102.615 7.000 122,0501 4,523,283 83,511 131,86n At 31 $t 2025 3,306,833 1.032SUO 148,029 87,565 4,574,927 Depre¢lalion Al 1 September 2024 Charge for the year Depn on disposals 1.580,284 79.370 887,757 38,748 {9.8171 117,480 13,637 90.469 12.146 122.0501 2,675,990 143,901 131,86n At 31 Augjst 2025 1.659,654 916,688 131.117 80,565 2.768.Q24 N•t botykval Al 31 Augusl 2025 1,647.179 115,812 1e,912 7.0(K) 1,786,903 AI 31 lOUs¢ 2024 1,726,549 78,049 30,549 12.146 1,847.293 All fixeda$5ets are held lordKl Gh•nlthpurp)ses 12 Dobtors 2025 2024 Trade debtors Pwayments gnd acuued income 33.793 65,529 921.054 26,836 99.322 947.890 l artYJunt5 shown undar debtors fall due for payment Vlithin one year 13 Crodllors: amouThtsf4llng the whhln ong y•ar 2025 2024 Trade Crlt0 Tajes and social 58CUFity costs Aceruals and deferred irK0rn9 Finan¢e lease 53.964 49,827 79.387 3.015 63.598 47.092 788.295 3,015 186.193 902,(MJO 14 CreditOTS: aM•wl11mg ¢hA• aft•r ygiT 2Q25 2124 Finare 18ase 4.020 1,005 4.020 Page 21
THE FORTUNE CENTRE OF RIDING THERAPY Notes to the flnancial stalomonts For the year ended 31 August 2025 15 Op•rtlll9 1••s• ¢ommhments As 8t 31 August 2025 the charily had annu camrrmtmts undeT non-cancelLqbk owatlng leases 8$ follows= 2025 2025 2Q25 2024 hlel•s ulpm•Tht Total Tot41 Falling due within one year Falllng due in two to fNe years Falllng due over fivè yaars 318 11.655 11.655 11.9n 11,655 33,fj47 28,634 318 23.310 23.828 62,280 16 Capltil ¢ommilm•nts 2Q25 Freehom nd aThl bulldlngs 2025 2024 Total Total Falling due wthin one yoar 17 Funds At 1 SoPtemb•r 2024 Exp•ndliu Transfor b•iweert fd& Inv•stsNont galni 31 Auiust 2025 Uweslrf¢tsdfunds General fijnd Deslgnateo funds Raise the rry)f ProMotn and mwketing Gallery 2,477.493 3.595,464 13,733,1061 32,970 2,372,821 55.416 7.296 50,000 118,6601 17,2961 150,0001 36.756 Generdl dwbjnaled ftthds 2.590,205 3.595,464 13.809.0621 32,970 2,409.577 Rostrkted fvnds MGNaught Roof Raise the roof Saddles Local people Mg¢hznical horse Weekty riding th8rapy PrYLeglving rOs&S Project Ira¢tor Project Irailgr Room Refurbishments Outdoor h0o1 murors othor 6,tMIo 16,Otx)I 13,0(X)I 11,OQOI 1,000 20,11)0 33,092 116,5301 3,470 36,350 45,07 150 7,899 10,110(1 141.7421 11S)I 7,899 {10,Otx)I 5,000 13,613 16,4401 7,173 At 31 Auj$t 2025 76,705 69,049 (51,8921 {32.9701 60,892 TOTAL FUNDS 2,666,910 3,664,513 13.860,9541 2,470.469 Page 22
THE FORTIJNE CENTrE OF RIDING THERAPY Ngle$ to Ihe financlal slatemonts For the yoar ondod 31 August 2025 17 Funds IGomparatlv•l At 1 Sopteml 2023 In¢om• EXpondire TNnsler belwoeh nds Inveskn¢nt 31 August 2024 Um•ri¢lad fund8 Gonerdl fimd D&sign81ed lunds Ralse the roof Promotson aryj mark8tiwJ Galery 2,188,497 3,764,244 13@25.5601 350,312 2,477.493 250,107 7,296 45.350 1240,0411 55,416 7,296 50.000 Ggn9ral and désignat IUNJS 2,495,900 3,809,594 13,825,560) 110,211 2,590,205 R•stvl¢tsd lunds McNaughl Roof Raise the roDI Saddl85 Local peop Mechani¢al hors¢ Weekty riding therapy Oth$r 6,000 110,271 6.QOO 1110.2711 3,DOD 1,OOD 20.000 33.092 13,613 1,000 20,(XXI 3,092 11CN87 At 31 August 2024 154,930 32,046 1110,2711 76.705 TOTAL FU14DS 2,650,830 3,841,640 13,825,560) 2,666,91D 18 ArNqtysls olnatasmts b•twMn fun Uiroslrf¢tgd Designad fvnds ds R•s¢iictod nds Tfylal 31 Au9USt 2025 Tangibb fixed assets N&t curtpnt a5Sèts Long term li?knlitigs 1,786,903 586,923 11,005} 1.786,903 684,571 11.0051 36,756 60.892 2.372,821 36,756 60.892 2,470.469 31 Iwgust 2024 Tangibk9 fixed assets Net curreTrt assets Long lèrm Ilabli1*g 1.847293 634,220 14,0201 1,847,293 823,637 14.0201 112,712 76,705 2,477.493 112,712 76.705 2,666.910 Page 23
THE FORTUNE CENTRE OF RIDING THERAPY Notes to the financial 5tatem•nts For the year ondod 31 August 2025 19 Related lty tianudion$ None of the ¢harfy Tru5tg9s were paid any remuratiOn or receiv8d any othor beneffils from ploy[TnI with Ihe charity in the year 12024- £nill. Addillonally, no oxpenses ware paid wilhin th8 yoar12024- £nill- thjrfng the year the charity rented fields for fftng at a cost of £1,07012024- £1.0701 from Lord Manngrs, thè Chair of th? Trustees. There were no anK)unts owiThJ at the eThJ ol the financial year. With the exception ol the above, no ITUStee OT Olhv person related to the Charity had any p8rsonal inte¢ in any Contract or transaction enterul into by the Charty during the acccunlNJ riod. Donations of £52012024- £101 were re¢wvsd Irom the Trustees during the year. 20 E¥•rts afterth• •nd olthe p•rfod Further to Ihe r8Structuring of the Tru$lee Board that cDrnenced In eirfy August 2024. (Kjmg Ihè year Trusts95 h4v¢ left the Centre. On8 a pned retirement and th8 Other due to ongoing work commitmlS. Post year end an additional Trust8e stepped away trom thè Centre due lo 10gi$ti¢al chaIne$. In all three instances. th8 TNst8es and knlor Managws h8v9 grèatly appreciated th input during their respedive tenures. The Cenlre moves forward wilh a Eoard ot 8 Trusteg5. 21 N•tional Lotterf05 char11$ Board During the year 20(Xl, thf Charfty was awarded a fvrther lottwy gant of £3Tr).(X)O t4)wwds the wsl Df rebjikllng and rèfuth5hlng Wotton Hall Farm IFETH course student accommodafr'onl. Tht Charity must not dispose of this asset, nor use rt as a secuiity lor loan or any other financial purpose. wrthoul prior written pwmlsslon of the NLCB. As p8r the ttms of the grant. Ihis restriction $hall in force lor 80 years from the date of acquisltion. As at ye¥ eNI, 55 years rernain. Page 24
THE FORTUNE CENTRE OF RIDING THERAPY Notss to the flnanclal slatements For the ar ended 31 August 2025 22 Fknai¢lal Instrum•nls The charitls finan instmments may be anatysed as follows- 2025 2024 Fin•n¢ial wsets FM7ancial assets mpasured at anwrsed cost 805,235 1.698,801 Fin•n¢iJl li•biliti88 F•)anci81 liabilities measured at amortlsed cost 107,811 117.725 Fknncial assets measured al amorbs¢d ¢ost comprise cash, trade debtors INI other debtcrfs. 23 R•¢omdlSatS•n n•t {•¥pondllurel l in¢•m• to n•t Gash flow frnm opwthg adivill•s 2025 2024 Net In¢•mel gxpenditur8 forth•yeir Inveslrnent income Depreciation of fixed assets Int8r8St on aSe IPTofitI I k)ss on disposal ol fixed assets De8$? I Ilncr8as81 in stoc% (lncese) I decrease in debtors (Decrease) l increase in creditor5 1196,4411 16,080 14,4851 143,901 110,8791 166.379 863 848,568 1718,8221 (133.2811 91.348 73,584 132,510 Page 25
THE FORTUNE CENTRE OF RIDING THERAPY Mot¢s to the financial stst•M•nts For th• year •nd•d 31 August 2025 24 ¢ornp•rntive Statomn¢ ol Flnandal At¢lvlllg$ Unrmtrkted Dosllnated R•slrfcts fund5 lunds fwndl funds Income Ihnations arKI grants 18,269 45,350 32,046 95,665 ¢h•Al•ble •clWes E¢wine assisted ther4)y 3,718,6T5 3.718,675 Olhwtradiny activiti•s Fundraising 8¥8nt5 and adwitles Hire of facilties k Interest 11,606 4,815 10,879 11,6( 4.815 10,879 l)th•r iwcorniw resources Gain on disposal ol ffixed assets Total IbwAne 3,764,244 45,350 32,046 3,841.640 Expondith Charitable activrlies Rai5pig funds Fundraising and publicity 3,811,943 3.811.943 13.617 13,617 Total oxpendknrn 3.825.560 3,825,560 N•t In£•mg11oxp•ndttur81 beftsre qalns and loHo1 knYestMonts 161,316) 45,350 32,046 16.080 Transfers bee funds 350.312 1240,041) 1110,2711 N•t II•xpgndlturol forth• y•ar and mov•mentln funds 288.996 (194,691} 178,2251 16,0 Re¢ortiliation of lunds Funds brought forward 2,188,497 307.403 154,930 2,65030 Fd& ¢awied foNard 2,477,493 112.712 76.705 2,666,910 Page 26