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 adr￿nIstratiVe information
Report of the board
2-9
Independent audllorfs report
1￿12
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 Trev*an 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 ExeC￿Ne 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, christc￿rth, 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 ￿nanc￿l Reporbng Stindard appli¢abl8
in Ihe UK and R9public of Ireland IFRS1021. effect￿ liom the 1 January 2019.
STRUCTURE. GOVERIIAJICE AND MANAGEMEVt
GO￿rnIng Do¢ument
Charity Is a Cony)￿Y Tegi$tgr8d as a charty In aC￿danCe with the Charmles Act 2011.
Th8 Charity is limit8d by guarantee and does nol have any share capital. The govttning documont is th8 kndes of Associauon.
The lia￿lty of each member of the CoMp￿Y 18 li￿lted to a ¢￿tri￿l¢lOn Inol oxceoding £10) to the Charity assols should it ￿ wound
up while he or she is a member or wthin one year after he or shè ¢oas6$ 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$ls. Char￿ and gxpense of up, and lor the
dluslmeTht ol thg rlghts of the wThtrftwtori95 amMgst thoms61ves.
If on tho windlng w) or dlssoluuon ol the Charbty there r8mains, after th8 satisfaction ol all its debts aTrJ li9￿1￿￿e$, 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$litutiDn or In5￿t￿￿OnS. having owts ￿mIlar to Ihe objects of the Charty.
Tn￿tee5 IDir•¢torsl
The tru$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 T￿￿8$ arè subkct to a Disdosure
and B8rring l¢rlmlnal rKordl (J￿k.
Appolnlmenl •1 Tnth8s
As Set out in the ￿ti￿e9 of Assoriation. any person vtho Is willing to acl as a Tru$tee, and is ￿milIt*d by law to rto so, may b8
appolnled lo bo a Trustfje by a simpkg maioiity ol all the Trustegs entitled tD attend and ¥ole at 8ny meeting of Ihe Truste8S.
Term DITNst•ts
The Trustees rnay appoint a pwson who is Wil￿ng to a¢1 lo serve as a Trustq8 lor such term as Ihoy shall see fft, etthor to fill a
vacancy or as an additlonal Tru$t88.
A rellrlng Trust88 may bg roappointed by Ihe TTusioes. Thor8 shall b8 no limit to the number of t1￿5 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 ￿n￿der9d the Aappoknbnenl at tho AGM
and that the skills. experience and knowledgo ol the Trustee w¥rè imwtant to retain.
Trnstee Tralnlng
The TrustB*s periodicalty re¥￿* and updale thew Trustee Handbook, hl)ich provld6s infr)rmation and guidanc9 on tholr statsjlory
obllgations under Charity and CoMp￿Y Law.
Thè Trusiees have ad ho¢ trai￿n9 as when r￿￿r8d. Training and developmènt needs are delermined thr￿gh 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 r8v*wed 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 St￿dard.
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¢atiC*n and Th8rapy IEFET).
Polidès are rel￿W&j and re%ised a5 necessary by the Tnjstees thrcwgh the various cornmiltees and d8swna1￿j S9Th0T stsff. Key
Ffjlicies are published on thgwebsite of the Charity I httpsJfvww.fortun¢.3c.ukJ l.
lthd partles and ¢troperathn wllh Othbrary￿1s1(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 ￿nI￿t￿n bEtW88ll a tru$tee or s8fiior m•)agerof Ihe
ch￿tY with related parties rnusl be dls¢losed to the full board of Trus1885.
Oryanlsatknnal stru¢￿r•
The Truslees have overall rgspoDsibilf¢y ftjr th? 4$sgts of the Charlty, its firwices and FKI￿rieS and meet regulaty as 8 trKJard. They
operate Ihrough commiitses l¢hairEd by a Trusloèl, eentral to whKh are the Finar￿0 and Re$ource5 Committoe and Ihe
Education and Care Committ88.
The Prinupal of the Charity Is responslblo to the Tws¢ees for the day-lo-day Operat￿ and is supported by a Senlor Management
Toam ￿nsiStS￿￿ of the Asslstanl Principal, the Head of Pqrsonnel and the Head of Finance and Company Sectelary.
Koy Blom￿t$ of thg intgmal financial ¢ontrd systems include I￿VIar rn88tings Df IhB Trustees to conswler m8nag*nent 4¢¢ounts
and budgetary wntrol. The Trustees approve th8 del￿ation 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
aw*B of Ils othical Yalues, ¢odes of conduct and standard5 01 dlsclpline. The Education and Care Committee has a k¢y funetlon In
M￿ntaInIng an Overvi￿ that prO￿deS evKlerKe lor the value aid efficacy of the WDrk undertaen bythe Charity.
Pay pollcyfor senlor staff
The pay of 811 staff including SeTh￿r Stsff Is re￿ewed annualiv ty the Remunerntion Cornmittw. remuneraUon is banch-marked
wRh pay kvels lor similar positions in the Specialist Education Wor. ￿1h in¢raas8s g￿en 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$. di5abTlities and other parD¢ular gp8clal
by tho provSslon ol edu¢ation and Iherèpy through ridlng ho￿e$ 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 suceessl￿ty 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 ¢W￿nI and future years. and vthat w*asures Deed to ba put In P￿Ce lo S￿CesSfi1￿ athlove thosg paLs.
Publk B•nefft
kn slttlng objeth.ves and planniny 8etlwt￿$, Trustees givo rarefi* tonslder8llon to Charfty Commisslon on public benefil
and. in p*￿.¢￿14r, to its suppkmenlary public bgnefil yuldan¢e on athiancing 8dvutK*ll. In parti¢ular the Trusi895 Gtsnsider how
planned acti¥sties *ill contrfbute to tho aims and objectives they havg set.
The byork of thg Charity has an Identlfiable benefit tu the puwlc In ils provision ol residential Furtt*r Education ThrowJh
Horsgmastership IFETHI c￿r$e. prov￿Ing educalion and therapy for young people lageo 16-25} wlth learning difficulties and
di5abilikn5. Equal access lo the $8r¥ic8 is important to maintain thé èthos ol the Charity. There are no geographical ￿Strie￿onS and
no restricuons relal•ig to the prDleeted Characteristi￿ sèt out in the Single Equakty sCh￿e (which incorporates the Equality Act
20101. The Charity also works w#h the parents or guardlans ol stu(lents 2nd th8 ￿11$d professtonals Invol¥6d kn supporbn9 Iht
students.
Many Msitors are wekomod to tho Charity. Sharing information wfth wsrtors fa¢lilaies the exchange ol pDfO￿atIOn and ￿1b￿S 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 Br1￿s￿ 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 addi￿0￿, Ihg Charlty's
facikties ar8 used by the kncal and W￿er 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$t provision of the Charity anil of other general oppwiunitios f
young p80ple with h￿h needs. The Charity seeks to trAoaden the puNic's understsnding of Fwle ￿th learrlng difficults'es and
The Charity's Ibrary is a rfch resource for thos8 iThvolveO In EFET and anyone working 31ong$lde people ￿th hh3h needs. A rneellng
rrpjm l%*ilh eapadty for sixty peopk8 SEat￿l, 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 acti￿118$..
1.The Fothne College Re5rdenlial Coyrs•
The Charty serves as in lfidepgnL*nt Spe¢ialist Pmwder for young p80ple aged bthefn sixteon and I￿￿ty-five years *th0se
¢ducab"onal néèds Cannot bè met through loc41 government provision. StLkJ8nts on the regdential FETH cour58 are Ihoso who are
motivated by being around, with, and on horsÉs. Studènts léam in an 8quine tsa￿ and focused 8nwronment thmugh vthic*
rnore able lo comrnunitsl8, ¢oncentrate and CO*)perate.
The most recant Ofsted inspection was Csfried out in March 2023 and was categorisEd as a 'short iTrSPB(*Kin'. Olsted Continu￿ lo
judge the provisK)n 8s'goo(S'.
Ihe report commented that Studgnt outcomes remain good, with nearly all achiwng th*"r prèdict8d OLrtcomes and making fwther
inl) 8mploymenl or additional training. Studen15' athi9vement ¢)f ltsra¢y and numeraoy qwlifications is ￿siste￿￿Y gLYJ
Stud8nts also make excellent p¥ogres5 into their intsnded and MO￿ independent living arrang8meNI5.
Ihe residential course runs over three terms each yèar, lor a period of three years. Each st￿￿nt has an IndNidual Lgaming Plan
IILPI designed lo mget individual aspirations, need5 and abilities, wtth a strong tr￿laS0S on vocalional equinè based ￿arning and
d&veloprnent of communication and life skills. Sincg Ihg students are motivated ty being around and workwig with ￿r$e$, they learn
key skills which are mi*ly transferred in to Bvwyday life.
LrteraGy, numeracy. ICT. (ommunicat￿n and PSHE are all part of the c¥rri¢ulum. Each ILP covers all ￿a$ that conlribule lo a
Slud&nts p8rsonal growth, including seM-awarenes5, the dev$lopmonl of confidence, increased maturity, fr)miin9 resationshi
managing equalty and diversity i55uos. along with e4afety and regulation of their own emotional well-￿1Th9.
Stsff adopt a ¢onsistent and well intsgrated approach to the t8aching of SOCAal and pgrsonal s*lls. AJI St￿ents have the Opp￿￿nity
to attend and partirApats in a varied range of social and ¢ullural events.
2.Hors• Bued Theraw SeMioni
Ihe Cerbtre offers weekly rider sossion$ lor local primary and secondary school students with physical and leaming thfficult￿$. This
USU811y tskes the form of a one to one, OT Small group session. cuoidinal¢d by a specialist riding Iheraix5L or hippotheraptsL
supported by a tearn of volunl8er helpers. The young people can improve th8ir mobility, bal￿¢￿. control and ermtional regulation
thrO￿h riding horses. vaulting and barrel work. W88kly rider$ 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.
s￿dents on the lennty equine workshops lor sch￿1 age St￿l￿ntS ITEWSSI arg molivaled by anlmal conixt, particularfy horses and
OLrtdoor learning. This motivab'on can be harr￿sed lo enable teaching and interaction to take pla￿ in an $n￿rOnment that is not
dassroom, but dglivèrs functlDn81 skills for life in an 3￿rnative style. TEWSS runs for half days a week on a termty basis, for up lo 4
siudents. Students on the workshop are taugm quiné eAro by following the Brthsh Horse Socydty Chall￿ge awards. with English and
Maihs also being incorporatsd into thè equin8 se$S￿nS.
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$lstenlty make good progrE5S. PartIcula￿ In the development of confid*)ce, Independonc4, soclal
rnmunication skills. In 2024125 75%12023124- 88%) ol students achwed Ihelr qualffications. The Centre had anticipated a trop
againsl previous res￿t$ dug to the increased requhment5 to ￿mplete the lull qualifi¢alion lor Malhs al 1 & 2. A ch￿lenge
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 a￿9 to meet the ￿qUired cond￿0￿5 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 fijnda1r￿tJI to the mkssion $tat8rnent and
ethos. Students ara ancouraged to devdop thEir Indtpendenee, as well as k*ping themselves saf&. Stijlgnts ar9 encouraged lo
dlscuss topKal issues whilst retaining respect for others and thwr kl6als.
E-safety. locuslng on lh8 salo and appropriate use of Mo￿18 tllaphc￿gS, the intemet and soual medth platfom)$, is aL80 a kty part of
cour58, 8nabling studants to tske lull advantage ol technology *it￿J￿1 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 I￿1h 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 fol￿ng inslmctlons in the workplace and to mako them aware ol Ihg relgvarht hF3tth safety 8spq¢ts associated
th lh8 185ks b8iNJ ￿mp￿tsd.
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(4￿11￿g rgtail. office. catering, elu¢ation, care and fioristry. in addltion to a nurnber of
equlne p￿cernents.
Work exporierKe produ￿8 rnany ¥ar￿d 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 l￿ditI8$ offer unique I￿rNing 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, signif￿ant in¥8stmw)t Is made to
maintain the continuing Sit85 to 4ppropdate slandaTd.
The ￿SId￿t[al accommodation offers a safe And frfondly Qnv*omi￿t 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 Off￿￿9 and Management Inlom￿l1on 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 Comm￿ent
to th8 speuahst naiure of thp undertakgn at tho FCRT.
The avorage head count (number of person$ ￿mp￿Y81) 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 PrOt￿l0n. 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 follo￿ng 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 ￿l￿ty ovèr the couw of the year.
Fundraising and donat￿n5 provldg irryjortant and much needed funds for impro*ing faalrties, ethanciro the learning experipnce for
bèneficiarfes and lor the pro¢uT8m8nt ol equipment and r950urce5 lor bEneficiaries. ch￿ty d4)es not use the sèw1￿ ol
profossional fundraiser or cOmmEr￿al parti¢ipator.
The Fundraising & Public Ralab"ons Manager 15 committed and Innova￿¥? in Ih8ir promotion and support of the work of the Charity.
F￿￿191$[n9 continues Ihrwgh the genprosity 4)f many donors, individual aTvJ corporate, and through grnnt making Trusts. The
Ch*ty 1$ ms¢ gr*efiJl for Ihe we￿Om• sUpp￿l and encouragement gwen by the local Cornmunty.
A¢kno*ledg¢ment
The Try$lee5 greally appredale th6 efforts ol all of the wmmittad, h¥d wor￿ng membws of staff ty0￿de a Sp￿al$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. T￿nI
you Io o¥eryono lor th￿r 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 fi*aN¢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 b3￿ce 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 r￿riCt9d and unrestricted knds. Tha ba￿nce of free
res￿e$ 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. DoSIL￿atsd 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 TrU￿8e st8ppwJ
away from the Centr• du8 to kngistical challenges. In all three instbn¢es. the Trustees and Sgnior Managers have grea￿Y 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 exper*nc8 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 $knlls ar8 a core 818mènt. Thos shwld W0￿de STeattr support and rnor8
posllve outcomes for thp individual and local authorities for the ltsno térm.
Prfn¢ipal luftthg ￿￿1¢•
Th8 principal lunding soure*s lor the Charity arg the Education Skills Fmdlng Agwcy and Lo￿1 AUlhoiit￿$.
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 m￿19•mOnt
The Ch￿ty,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 ra￿n9 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•$ptyMlbllthy sl•lement
The Trustee5 (w￿) ￿ also dir￿tOrS ol the tharitsblg ¢ompaThy for the purposes ol company lawl arè respOn￿ble for preparing IhE
R8rM)rt of th8 Board and the Financlal Slatemonts kn acc(xdanc8 with appli¢abk law and regulations.
Cornpany law require5 the Truslee5 to preparo Financial Statements for each financial ￿￿T in accordan¢e %￿lh Unrted ￿"ngdoM
Generglly Accepted kcounthng Practice (Lknited lfjngdom Accounting Standards and applicable lawl. Undw thè company law, Ihe
Trustees must not approve the fin8ncial statements uTrle$s they are satisfi8d that Ihey gNe a twÈ and fair vièw ol the stste of the affairs
of the Charty of the I￿omIng resources and appliution of r850uros by the Charity for Ihat period. In preparing the finanthal
statements. tho T￿Stee$ are required io..
S8￿ct surtable accounlng yx)licies and thèm eonsistenljy,
observe method$ and prindples in th8 Chanti8s Statement of Rqcommend•d PrActfjce'.
state whether appliCa￿e UK aecounting standards hav8 followed. subj￿1 to any materil depariures dlsclosed Bnd
8xrl8ined in thè financial stalwnon
opare Ihe financial Slater￿nts on a g￿ng Co￿9M basis, unl8$5 fi i¥ Inapproprfats to prosumg thal the Chaiity ￿11 wntinue in
bu￿n￿S.
ThB Trustees are responsible ft*r keepiw PToper accounting records that show and explain the Charfty's tran$8Ctions, to dlsclosfr with
reasonab￿ a¢cwa¢y al any lime Ihe financial powth)n ol the Charity, and to gnable them to ensure Ihat Ihe financial statoThnts comply
wlth Ihe com￿185 Act 20C6.
Thay ire a￿0 res￿$￿￿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, ha￿n9 made enquir￿& ol fellow trust60s, have each taken stops that he or sho Is Obl￿ed lo lake as a tr￿tee 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
1jp1￿0
We h￿0 audited the finan￿al 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 SlaleW￿nt ind notes to the fina￿lat stat£m8nts, includlng a summary ol siqnificant accountlng poli￿85. The financl
reporting framework that has been ¥pli8d ￿ thgir prepardknn is aptyicablo law and United ￿ngdoM Accoynkn'ng Star￿8rd$ (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 ac￿rdan¢e with Uni18d lfjngdom Generalty Ac¢4)led A￿ounting 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
SpOn￿b￿lItieS under thos8 standards are fiJrt￿r described in the ALtditors' responslbillJes for the audit DI the finanqal stat8m8nls
section ol our report. We are independ￿t 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 ethi￿1
responwbilrties ITh 7KcorOance wlh Ihgse requir8m8nts. We bdieve that thg audit ￿denc0 we have obtsin8d 15 suffi¢Sent and
appropriate to prO￿e a basis for our ownion.
Conduiiom r•lallng Io golng
In aud￿ng th8 financial staten￿t$, we have conduded that the Iwstses, u59 of th8 going ￿nCern basis ol accounting in th8
gpardtion of the fin￿¢1￿ statsmgnts is appropriate.
Basèd on the work we have r*rform8d, wa have not identified any Material unc6rtainlios relaling lo events or conditions that,
indlwdualty or ¢ollectfvety. rnay cast doubt on th? charitable CDryipany's abS11ty io Continue as a golng concern for a perftsd of
at18ast twelve months trom when thè ffnan¢kg1 statements are authorisad for issue.
Our reswns(oilities thp respon$lbllMes of the trustees With resP￿t 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 kno￿edg# obtalned In the
course of the audft or othe￿se 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$¢Fl￿d by the CoThpaniesAd 2006
In our OFinion, based on the wowk unde￿ken in the course of the aydit..
the infomiation gwen in the Report ol the Board for the )Inwclal yea for whlch tho financial stslorn￿ts are prepar￿ 15
consistent with the finandal slatem8nts', and
Ihe Report ol the Boord ha5 béen preparéd a￿￿rdance with applicabkg legal r8wlrernBnts.
Mattgrs on whkh wo aro requ1r￿ to r•p•rtty •x¢•prfon
In th? lighl of the kn￿Ed9? and Ltnderstanling of the ch41itatye company and its envlronmenl obtsined in the course of the audit, we
havè not klentlfied material misstatemants in the Report ol th• TrUSt￿s.
We have nothing lo report in rgspect of the foll￿ng maiteys where the Comp8rbl¢s Act 2006 r8qulr66 US to report to you rf, in ow
o￿niOn..
ad$quat8 a￿OUntIng 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 Sx￿npt10n 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
stat￿ents Ihat arn free Irthn malerial misslalomenl. whther duè to fraud or orror.
In prgpark)g the flnancial ststwnents, th? Irustees arè r$sponsi￿a for assessing the charita￿@ compafiy's a￿lty to continue a$ o gdng
concem. disdosing, as appllcable. rnalt8rs relal8d to going concwm and using the going concern basi5 of aC¢wr￿ng ￿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 a￿ayS 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 regU￿tIon. This r￿k 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 aPp*C￿le to the company via discussions with the trustees and
our previous knowledge of the company. This iden*'fied that the most SIgn￿tant 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 aPprO￿latelY qu&lifigd profÈsslonals to prepare the financtal stst￿ents 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, Ir￿lUdi[￿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 managerr￿1 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 mee￿ng$ for 8vklenc¥ of any Iraud or non40M￿lanCe 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 a￿JiL and
we have rec¢lvod all the infonna¢ion aTrJ eXp￿nalI0￿S 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 $tst¢m8nls, recognSsing that the risk
of not dot8cting a material rnisstatèmont due lo fraud is hlgher Ihan th& risk of not detecbro one re5utting from error. as fraud may
Involve deliberate ¢onc8alment by, for example. lorg9ry, misrepresentstiLX)s or through collusion. There are Inherent limttations In the
audit pror*dvres porfom%d and the further removed non40mpliance with laws and re9uL8thons Is trom the evoDts and transactions
rgfiectèd In th8 Ilnandal statement$, the1855 wè ar8 to becom8 aW2r8 of it.
A furthlr descriptlm of ryjr res￿nsIbIlItIeS for Ihe audèt of the financial statements is lo￿ted on the Finanelil Reportlrtg Coundl's
website al ￿￿.fr¢.or9.￿a￿Iitorsr4spOnsS￿.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
Dg*nitod
nds
R•511i¢t•d
fund5
T•t•l
fundi
2024
lunds
2025
Not•$
Iwimo from
D￿atIOnS, ￿gaCleS and grant5
78.128
69,049
147,177
95.665
CharitablB a￿l￿tieS
Equing assisted th￿apY
3,4B6.581
3,486.581
3.718,675
Othgitradln9 a¢dvlfl
Fundralslng events and aCtIv￿e$
Hirt of lacilties
Bank intsresl
14.386
11.884
4,485
14,386
11,884
4.485
11.6
10,879
0¢h¥rIn￿mIng rgsourc8s
Gain on disposal of fixed assets
Total Income
3,595,464
69.049
3.664.513
3N1,640
EXp•nd1￿I•
Charitabh aCti￿t*S
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 f￿d5
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.. arr￿Unt 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
ReStr￿ted
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 adivil*s
73.￿4
132,510
¢ash Ilowfrom In¥Ktlng a¢tlvlllgS
Pay1[￿￿1$ lo acquir8 tsngible fixgd assets
Interest pail
Receipts from th$po￿l of ffixed assets
Inyestmenl in￿rne
183.5111
18631
{371.1221
18631
4,485
10,879
Nel ¢a$h flow us•d In In¥•￿TrO aGthfilie3
(79.8891
1361,1061
Net incrBas81 {d￿reasO) in f*sh and Cash equivalonls
{6.3051
(228.5961
Cash and tash èqu￿1•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 ￿atern*nts
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 inCo￿K)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 adNlnistratk*n 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 ber￿fft entity defined by FRS102. The financlal stat8m8nts hav¢ been pr8par¢d in a¢￿Idar￿0 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 pOsit￿n 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$8d whEn the charfty Is entrt*d to incorne, any perfom)ance condlbons attached to the It￿$ of income hwe
been met, there is suffK*nt 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 plyromi￿c¢ by the ¢harity are recogniSBd whon the Charity Lwomes uncon(5ittorbally
ent￿ed 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 fina￿la1 statements for services dol￿ted 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
{•) Ex￿nd￿r&
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 M￿SI￿ed 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 acti￿t￿$ 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 p*yab￿ 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 ba￿s.
191 Penilon ¢•sts
The charity conlribules to a group penshin pLryn and a work based p$nsion plan in whKh the bengfft$ 4r9 dtrecdy let￿rmed 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•s￿t of th8 wAounting y8ar.
(h) Tanglbl• a$s•ts
Individual assets eosling £5(XJ or morg Capth￿Sed al cosl and depwiation 1$ p￿ded on the straight I￿8 method to wyite off the
¢DSt of all tangib￿ fjxed assets. except lor freehold land. Assds und8r conslrudion are not dOwe￿at￿l 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% strai￿t line (previousty detsikd as red￿￿9 balance)
50% slrai9ht line
The reason for th8 change to the depre¢Aation rn*hod 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 va￿ed 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 A￿9￿$1 2025
Cash at bank amd in hand
Cash at bank and in hand includes cash short term highty ￿qUid in￿$￿￿ents with a shorl malurity of thee mnths or less from
the date ol acquisi￿oll or oponing ol the dap0511 account or 5imlar.
Unre$tri¢ted fuN1s ar6 the 98￿ra1 fund$ of the charity and ¥8 &xpendable al th& di$crelion of the Trustees in furtherance of the
ot4ects ol tho char￿a￿t company. D8signst£d f￿d4 are hjnds sat aside at ihe disuetion ol the Tnjslees for spvif
pwposes.
RestrKted income funds r8presernt grant$ and donations ￿￿Ved that ¢an only b2 Ltsed tsr the particu￿r 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¢umstan￿s. The charity makes estimates and assumptions con¢eming
the future. The results wll. by d9finition, sgldom equal the actual oUt￿Me. No £stimat85 and assump￿onS that hays a s￿nthcant risk
f causlw a material adjustsnent to the carrying value of assets and li?￿1￿li05 wlhin the next financial year arè no￿j.
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 Eip1ndl￿rn pn charf¢abl• a¢ll¥Stl•s
2025
Unr05tdct8d
2025
A￿Irkt•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 T￿￿PH
Staff c4sts
Bank charg8S
Teleph(Trno
Printlng, postg9• and ststionery
Pr0fègS￿rtaI 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 #cli￿1￿$
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 eq￿V8￿nt 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 rnan*J8rnent personnol of the charlly compris95 lh9 Trust88s. thg FCRT Principal, the Assistant Prlidpal, the Head ol
PerS￿ne1 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 losp￿t 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 lordK￿l 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 Cr￿lt0
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•w￿l￿11mg ¢hA• aft•r ygiT
2Q25
2124
Finar￿e 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•r*tlll9 1••s• ¢ommhments
As 8t 31 August 2025 the charily had annu* camrrmtm￿ts 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
f￿d&
Inv•stsNont
galni
31 Auiust
2025
Uweslrf¢tsdfunds
General fijnd
Deslgnateo funds
Raise the rry)f
ProMot￿n 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
45,0￿7
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 Au￿j$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 Soptem￿l
2023
In¢om•
EXpondi￿re
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 Designa￿d
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 remu￿ratiOn or receiv8d any othor beneffils from ￿ploy[T￿nI 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$lee Board that cDrnenced In eirfy August 2024. (Kjmg Ihè year Trusts95 h4v¢ left the
Centre. On8 a p￿￿ned retirement and th8 Other due to ongoing work commitm￿lS. Post year end an additional Trust8e stepped away
trom thè Centre due lo 10gi$ti¢al chaI￿n￿e$. In all three instances. th8 TNst8es and knlor Managws h8v9 grèatly appreciated th
input during their respedive tenures. The Cenlre moves forward wilh a Eoard ot 8 Trusteg5.
21 N•tional Lotterf05 char￿11$ 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 anwr￿sed 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
De￿8$? I Ilncr8as81 in stoc%
(lnc￿ese) 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 be￿e￿ 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
2,650￿30
F￿d& ¢awied foNard
2,477,493
112.712
76.705
2,666,910
Page 26