THE DIAMOND CENTRE FOR DISABLED RIDERS
(Registered Charity No.. 1045970)
(Company No: 03042659)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

THE DIAMOND CENTRE FOR DISABLED RIDERS
Contents
Page
Reference and Administration Details
Trustees, Annual Report
Independent Auditorfs Report
8-10
Statemenl of Financial Activities
Balance Sheet
12
Notes to the Financial Ststements
13-22

THE DIAMOND CENTRE FOR DISABLED RIDERS
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2021
Company Name
The legal name of the charity is The Diamond Centre for Disabled Riders
Chartty Reglstratlon Number
The charity is registered in England & Wales with the Charity Commission with charity number 1045970
Legal structure of the charity
The governing document of the charity is the Memorandum and Articles of Association establishing the
company under cornpany legislation. The company registration number is 03042659. The Goveming
Document is dated 6 April 1995 (amended on 17 April 20201. By operation of law all trustee5 are
directors under the Companies Act 2006 and all directors are trustees under Charib85 legislation and
have responsibilitie5 under both company and charity legisk3tion.
Registered Office and Principal Address
The Diamond Centre ft)r Disabled Riders.
Woodmansteme Road.
Carshallon
Surrey SM5 4DT
Telephone: 020 8643 7764
Email Address,. admin
diamond￿ntre.0
Web address: diamondcentre.org.uk
-uk
Trustees
The Trustees in Offi￿ during the year and on the date the rep(At was approved were all members of the
Charity.. Steve Axon (chair)
Robert Mathews
Sandy Pteifer
Katie Hobden
Claire Snowdon
Carol Bedwell
Matthew Taylor
Tina Edwards - appointed on 29 Mar(*t 2021
Ann Stuart- appointed on 14 October 2021
Trustee who resigned since the last Annual Replyt was Mike Watson- reS￿ned on 29 March 2021.
Bankers
HSBC pl¢
16 King Street
Covent Garden
London. WC2E &JF
Investment
Advisors
CCLA Investrnent Management
85 Queen Victoria Street
London EC4V 4ET
Auditor5
Mynjs Smith
Chartered Accountsnts
Norman House
8 Burnell Road
Sutton Surrey. SM14BW

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Objectives and Activities
The Diamond Centre for Disabled Riders, (Ihe Centre.) is based in Carshalton, Surrey and has been in
operation since 1974. It is a member of the national Rtding for Ihe Disabl&Y Association l°RDA').
The object of the Centre is lo provide disabled people the opportunity to ride andlor carriage drive
lo benefit their health and well-being and achieve Iheir goals. It is now widely recognized that disabled
people can benefit educationally, physicalty and mentally from riding or carriage driving and we will
encourage this leaming pro￿SS and its progression.
The Centre provides unique horse-riding facilities to benefit disabled children and adults by having
regular contact with horses. Our activities include Riding, Carriage Driving, Vaulting, Hippo-therapy and
Dressage and our aiffl is to be one of the best riding ￿ntreS for the disabled in the country and to
provide horse riding and related equine therapies for everyone that needs tt in our area. Activities are
provided by our staff, instructors and volunleers. all of whom are fully qualified for their relevant tasks
and attend training courses related to providing horse ridin9 for people with physical disability and
leaming difficulties.
Our most important people are our riders, ¥aU￿erS and drivers and we are committed to ensuring our
facilities and service will be maintsined al the highest levels so as lo provide every opportunity for every
disabled persorb to achieve their goals. Our riders, vaulteTS and driver5 come from all age groups and
each week, with the assistance of our instructors and helpers, they can enjoy the experience of riding,
carriage driving or vaulting. An experience which gNes them the chance lo be independent and a sense
of achievement.
We rely heavily on our volunteers and call on over 200 unpaid helpers each week. These volunteers are
essential for the day-to-day operation of the centre, and include Instructor5, who undertake the majority
of our riding classes, and other volunteers who so willingly assist the riders and drivers in their lessons.
not forgetting the many hours they spend grooming our horses and attending training courses. In
addition, we have a team of volunteers who assist so pleasanuy in our Shop and SeNery, a talented
gardening team and the 'A-Team' _ our skilled maintenance team. Finally, we were delighted that two of
our longest serving volunteers, Christine Clay and Pam Bull. were trK)th awarded the RDA President's
Award in 2021.
Covid-19 Pandemi¢
The pandemic, which significantly curtailed our operations in 2020, continued to affect U5 into 2021. The
Centre was closed to disabled riding from January through to the end of March, with staff on reduced
hours. From April, we gradually re-introduced disabled riding for individual rider5 in line with the lifting of
Covid restrictions and RDA guidance. School groups began to retum only from September. Riding fee
income was therefore signtficantly affected by the dosure in tre first quarter and progressive re-opening
during the year. However, by the end of the year we were pleased to be back to around 90Q/u of pre-
Covid activity.
Achievements and Performance
Horse Ridin
We have a maximum estimate capacity of providing riding to 340 disabled individuals each week. By the
end of 2021. we had re-built our riding activtties with 130 regular disabled individuals benefitting from
weekly individual and group lessons. and a lull weekly schedule of school groups Ic150 riders}. We
have therefore recovered to 280 weekly riders. which is over 80V• of full capacty.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
..ICont'd
Carria
e Drivin
Aclivities were sUS￿nded during the pandemic. As we resumed training in the summer of 2021. we
received complaints from residents conceming our use of Queen M￿S Pad(. Following reviews by
Sutton Council and the RDA. we were cleared to re-slart in March 2022.
Infrastructure
The door lo the small school riding arena was replai%d in December 2021. In addition, we are planning
major works on the servery area and the leaking roof of the outbuildings. In January 2022, we were
awarded a grant of £21.363 from the Sutton N￿ghbourhood Fund, which will cover around 60QA of the
expected cost of the outbuikiings works, expected to be cornpleted by August 2022.
SES Pi
eline
Our local water auihority SES Water. notified us of a new pipeline that needed to be built, cutting
through the Diamond Centre front fields. As part of the consultations, we were enlilled to comment on
the lirning and exact route of the pipeline. but not able to stop tts construction, which was stalulorily
authorised. Conslruction of the "SES How Green l Langley Park Pipeline" started in the autumn. with a
'working area, being fenced off through tre fields. Completion is scheduled for summer 2022 but
disruption will continue, and it is predicted that sections of our fields will be out of action for up to 3
years, to allow for reseeding. As the statutory authority. SES is responsible for covering reasonable
professional costs and full compensation for extra costs incurred. Stuart Walker (Chartered Surveyor
and Fellow of the Central Association of Agricultural Valuers). from agrtcultural property consultants,
White & Sons (Oxtedl, has been engaged by Benhill Gospel Tnjsl and is also acting on behalf of
Diamond lo monitor the work and ensure there is adequate compensation
Horses
We ended 2020 wf(h 19 horses, and this went down lo 18 when we unfortunalely had to say gmdbye to
Cushla in January 2021. During 2021. in anticipation of retuming to a full schedule of riding activities, S
new horses were purchased {Addy. Teddy. Solornon. Tank. Benji)- In January 2022 we sold Saffron as
a brtK)d tnare. after many months of pe￿Stent injury. We are looking to purchase a fijrther 2 horses in
the comin9 year.
Slaffin
Our Centre Manager Angela Moloney relocated lo the south coasl of England at the end of May and left
Diamond, being replaced as Centre Manager by Yard M8n8ger, Marianne ('Ma2"l Ray.
Skye McLean resigned at the end of November 2021 lo embark on a change of career, and was Teplaced
by Ffion Curtis who had previously been engaged under the Kickstart scherne (see below).
We took advantage of the UK Government's "Kickstart" scheme from Febwary 2021 under which 2
young adults were employed for 25 hours per week for 6 months. job experience, funded entirely by
govemment grants. This scheme helped bolster our staffing at a time when horses needed lo be re•
schooled prior to lull opening.
Non-Disabled Ridin
Given the limitstions on dISab￿d riding due to soaal distsncing restrictior15. we continued to provide
lessons for non-disabled riders. and welcoTned non-volunteer riders, subject to an initial assessment.
The non-disabled riding lessons benefitted the charity in a number of way5. Firstly. by keeping the
horses exercised and schooled, withoLJt requiring stsff. Secondty, by generating £33,000 income12020..
£32.0001 in the year. which partly offset the reduction in income frorn disabled riding. And thirdly, by
prornoting Diamond in our local community, generatsng interest from new riders in becoming future
volunteers.
Christmas O
enDa
The 'Presentalion of Awards and Displays to(* place on Sunday 5th December 2021 but had lo be
ended prematurety becaLtse of an acadent involving two riders who were unseated in the first riding
display. One rider required hospital treatment and both riders have now recovered.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
..ICont'd
Public Benefit
The Trustees have had regard to the guidance issued by the Charity Commission on public benefrt.
With an increasing number of people suffering from physical disabiif(ies and leaming difficulties, the
public c2n benefit greatly from horse riding carriage driving as a therapy. The Centre strrves lo
accommodate this increasing demand by structuring lessons and acts'vities to cater for as wide a range
of dients as possible. The number of schools that ride at the centre has been maintained over the year
which benefits not just of the rider5 but also Ihe school's curriculum and Ihe rTderfs parents and carers.
In addition lo regular riding classes durirsg terrn-tirne. an increasing number of other activities and
events are held during the school holrdays to the benefit of the riders. families and carers.
Funding
We do not receive government or local authority funding to cover our core activities but we are fortunate
in having very good support from individuals and organisations in our local communty, as well as our
volunteers and corporate donors. Our thank5 go to all who supported us this year, without whorn we
would not be able to continue providing our services to the disabled community. Our aim is aNvays lo
keep riding affordable and we continue to heavily subsidise all our riding activities from income and
donations.
Fundraisin
In 2020 we were able to hold our annual Autumn Fair having had to cancel it in 2020. The Fair was a
resounding success with an estimated 3.000 vistlors. and a profit of over £15.000.
Donations
incl horse s
nsorshi
Total donatrons & horse sponsorship was £88.835. This was £38,145 lower than 2020. however the
previous year had benefitted from a fundraising appeal which had raised £30.000 at the start of the
COVID- 19 pandemic, and £9,000 from a winter hay appeal. Nevertheless, we were very grateful for all
donations and in particular a very generous horse sponsorship of over £9.000 from Chartham Park Golf
Club.
Grants
Total grants received were £59,821. cornprising-.
Job Retention £24,24412020= £54,891) lo June 2021 when fudoughed staff retumed to full hours.
Kickstart Scheme.. £26,057 towards the wages ofjob expe¥ienGe young adults.
Sport England.. £3,500 towards the purchase of new horse "Solomon.
Bally Thomas Fund.. £5.000 towards the purchase of a new horse "Tank.
BHS grant: £1.020 towards Ihe purchase of hoTse wings
acies
We were extremely grateful to receive legacies relating to the estates of Millicent Campbell {£12,500)',
Isobel Gilbert (£15,900) and John Dixon (£5001.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
-ICont'd
Financsal review
The charity's fin2ncial position al the end of the year ended 31 December 2021 and comparatives for
the prior period, as Thore fulty detailed in the accounts, can be summarised as follows.'_
2021
2020
Net income l {expendtiure)
£149,280
£13,894)
Unrestricted Revenue Funds
Restricted Revenue Funds
1.990,542
35.393
1.844,977
31.678
Total Funds
£2,025,935
£1.876.655
Financial revlew of the position at the reporting date. 31 December 2021
The Net income l {expendilure} shown in the table above czn be further broken down as follows".
2021
2020
Net operating result before legacy incrxne & investments
£(107,688}
£{5.2281
One-off legacy income
Revaluation of investments
£28.993
£227,975
£50,000
£{48,666)
Net income l (expenditure)
£149,280
£13,894)
The operating result Irom core operats.￿S before one•off legacy income and investment accounting was
lower than the prewous year, by £102.460. This reflects mainly the wnding down of the UK government
Job
Retention Scheme grants. staff restructuring costs. and exceptional fijndraising in 2020 at the start of
the Covid-19 pandemic.
Net incorne benefitted from a £227.975 positive revaluation of investments. This reflects partly the
bounce back in global equity markets, as well as good perfomiance from our new investment manager
CCLA, where our fund recorded over 170A total retum in the year, being ahead of most comparable
funds.
The trustees remain cautiously optimistic atKJut the prospects for retuming to a full schedule of disabled
riding, further closing the gap between operational income and expenditure, and expanding the charity's
services to disabled beneficiaries in our comrnunity.
Principal risks and uncertainties
The Tnjstees are c(onisant of a nurnber of malerial risks facing the Centre. and this is reflected in the
conservative reserve5 policy adopled.
Risks and uncertainties include (il c￿tinued disruption from COVID 19 pandemic, (ill health of our
horse5. where for example a contagious disease could significantly interrupt our programme of
actlvities, (iiil damage to our infrastructure caused by adverse weather. storm, fire or other causes, (iv)

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
.IConl'd
unforeseen maintenance Gosts (vl accident or other inadent which causes personal injury and
putational damage.
Policies on reserves
Trustees are currently focussed on developing a sustainable operating model. including the expansion
of non-disabled riding lessons, enhancing our volunteer network and infrastructure lo support riding
lessons and non-riding activities. A review of infrastnjcture is also ongoing. to detemiine the level of
maintenance and repair that will necessarily be spent over the medium to long term. This is being
undertaken as part of a Forward Planning initiative of the Trustees.
Availability and adequacy of assets of each of the funds
The Board of Trustees is satisfied that the charl￿S assets in each fund are available and adequate to
fulfil its obligations in respect of each fvnd.
Investment pollcy and investment objeclive5
The investment objective 15 to seek a total return composed of capital gains and income sufficient to
preserve the real value of the p)rtfolio against inflation. wtth a focu5 on income ulilising a balanced and
(liversified blend of assets wth a medium risk profile. In May 2021. our main investment portfolio was
transferred from HSBC to CCLA f￿lo￿ng a preview of investment perfomiance followed by a selection
process.
Membership
As at 31 December 2021, the Centre had 146 active mernbers {2020: 146) following a recruitment drive
which accompanied the volurrteer survey. Membership is open to those supporting the Centre's work.
Structure. governance and management of the chaiity
Under the Constitution and Articles of Association of The Diamond Centre for Disabled Riders, the
Trustees are ultimatety responsible for all aspects of govemance- for ensuiing the aims of the charity
are upheld. overseeing strategy. safeguarding the charib.es assets.. development arLd ensuring the
charity 15 Sustainable.
The day-to-day management of the centre is devolved to the Centre Manager and Stsff.
The methods used to recyuit and appoint new charity trustees
When new or addits.onal trustees are recruited, they are elected by the Members or co-opted by the
Trustees. All Trustee5 are also Members, and support the Objects of the charity. as set out above. The
Trustees retire al each Annual General Meeting I"AGM"l of the charity. Trustees may then sland again
and may be reappointed by the Members. Co-opted Trustees hold office until the next AGM, when they
retire but may sland as Trustees and pul themselves forward for election by the Members.
Trustees. responsibilities sLitement
The Trustees (who are also directors of The Diamond Centre for Disabled Riders for the purposes of
company lawl are responsible for preparing the Trustees. Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally
Accepted Accounting Praclicel.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
.ICont'd
Company law requires the Trustees to prepare financial statements for each financial year. Under
company law the Trustees must not approve the financial statements unless they a￿ satisffed that they
give a true and fair view of the state of affairs of the charitable company and of the incoming resources
and application of resources, including the income and expendilure, of the charitable company for that
period. In preparing these financial stateme¥tts, the Tnjsiees are required to..
Select suitable accounting policies and then apply them consistently-
Observe the methods and principles in the Charities SORP 2019 IFRS 102).,
Make judgernents and accounting estimates that are reasonable and pnjdent..
Prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the tharrtable company will continue in operation.
The Trustees are responsible ft)r keeping adequate accounting records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the
financial position of the charitable company and enable thern to ensLrre that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitabk company and hence for taking reasonable steps for the prevention and detection of fraud and
other irreguiarities.
ststement as to disclosure of information to auditors
The trustees slate that so far as each of the trustees al the time this report was approved are aware: _
a) There is no relevant audit information {as defined by section 418{3) of the Companies Act 2006) of
which the charitable company's auditor is unaware, and
b) The trustees have tsken all steps that they ought to have taken to make themselves aware of any
relevant audit inforrnalion and establish that the auditor is avfare of that information.
In preparing this reFJOrt. the Trustees have taken advantage of the small companies exemptions
provided by sectson 415A of the Companies Act 2006.
This report was approved by the Trustees on q Jude 2022 and signed on their behalf by
S Axon
Director and Trustee

INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF
THE DIAMOND CENTRE FOR DISABLED RIDERS
Opinion
We have audfLed the financial statements of The Diarnond Centre for Disabled Riders {Ihe 'charitable
company I for the year ended 31 December 2021 which comprise ihe Statemenl of Financial Activities, the
Balance Sheet and notes to the financial statements. including significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Repo￿.ng Standard
applicable in the UK and Republic of Ireland (Unrted Kingdom Generally Accepted Accounting Pracb-cel.
In our opinion the financial staterrtents-.
give a true and fair view of the stste of the Charitab￿ company's affairs as at 31 De￿rnber 2021,
and of its incoming resources and application of resources. including its income and expenditure. for
the year then enéed.,
have been property prepared in accordance with Untled Kingdom Generally Accepted Accounting
Pracbce,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance wrth Intemabonal Standards on Audtting (UK) {ISAs IUKI) and
applicable law.
Our responsibil￿eS under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK. including the FRC'S ElhiGal Standard. and we have fuffilled our other ethical
respon5ibililies in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the finanoal staternenls. we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial stalements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast signrficant doubt on the charitable company's ability to
continue as a going concern for a period of al least twelve Months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees wilh respect to going concem are described in the
relevant sections of this report.
Other infomiation
The other information comprises the infomiation included in the tnjstees. annual report. other than the
financial statements and our auditor's reF)Ort thereon. The INstees are responsible for the other infomiation
contained within the ITUStees' annual report. Our opinion on the financial statements does not cover the
other information and, except lo the extent otherwise expliciuy stated in our reporL we do not express any
form of assurance condusion thereon. Our responsibility is to read the other information and. in doing so.
consider whether the other infomation is materially inconsistent with the financial slalernents or our
knowSedge obtained in the course of the audit or othewse appears to be materially misstated. If we identify
such material inconsistencies or apparent material Flli55talements, we are required to detemiine whether this
gives rise to a material misstatement in the financial statements themselves. If, based on the work we have
perfonned. we conclude thal the￿ is a material misstatement of this olher information, we are required to
report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audil-
the infomiation given in the trustees, report {incoTporating the directors report) for the financial year
for which the financial statements are prepared is consistent wlh the financial statements- and
the direclors, report has been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF
THE DIAMOND CENTRE FOR DISABLED RIDERS
-ICont'd
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the tharitable company and its environment obtained in
the course of the audit. we have not identtfied material misstatements in the directors. report.
We have nothing to report in respect of the following matters in relatKJn to which the Companies Act 2006
requires us to report to you rf. in our opinion:
adequate accounting records have not been kèpt, or rétums adequate for our audit have not been
received trom branches not visited by us,. or
the financial ststernents are not in agreement y￿th the accounting Tecords and retums: or
certain disdosures of directors. remunerab'on specrfied by law are not made", or
we have not received all the inforniab.on and explanations we require for our audit", or
the trustees were not entided to prepare the financial ststements in accordance with the small
companies, regime and take advantsge of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities ststement. set out on page 6. the trustees (who are
also the directors of the charitable company for the purposes of cornpany lawl are responsible for the
preparation of the financial statements and for being satisfied that they give a tnje and fair view. and for Such
intern81 control as the trustees detemiine is necessary to enable the preparation of financial statements that
are free from material misstatement. whether due to fraud or ermr.
In preparing Ihe financial statements, the tnjstees are responsible for assessing the charitable company's
ability to continue as a going concem. disclosing, as applicable. matters related to going concern and using
the going Ix)ncem basis of accounting unless the trustees either intend to liquidate the charitable company
or lo Cease operations, or have no realistic altemative bul to do so.
Auditorf5 respon5ibilitie5 for the audit of the financial st*ements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstalernent. whether due to fraud or e￿or. and to issue an auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAS (UK) will always detect a rnaterial misstatement when it exists.
Misstatements can arise from fraud or eThor and are considered malerial if, individually or in the aggregate.
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements_
Irregularities. including fraud. are instances of norFci)mpliance with laws and regulation5. We design
procedures in line wth our responsibiltb"es, oullined atM)ve. lo (lelect material misstatements in respect of
irregularities, including fraud. The spectfic procedures for this engagement and the extent to which these are
capable of detecting irregularities. including fraud is detsiled below..
Enquiry of management and those charged with govemance about actual and potential litigation or
claims and the identification of non-(x)mpliance wtth laws and regulations.
Reviewing minutes of meeting5 of Ihose charged with govemance.
Reviewing financial statement disck)sures and testing to supporting documentation to assess
compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including testing joumal entries and other
adjustments for appropriateness,. assessing whether the judgements rnade in making accounting
estimates are indicative of a potential bias- and evaluating Ehe business rationale of any signrficanl
transactions that are unusual or outside the normal course of business.
Performing analytical procedures lo identify any unusual or unexpected relalionships that may
indicate risks of material misstalemenl due to fraud.
Professional scepticism in (x)urse of the audit and with audr( sampling in material audit area5.

INDEPENDENT AUD￿OR's REPORT TO THE MEMBERS OF
THE DIAMOND CENTRE FOR DISABLED RIDERS
-ICont'd
Auditorfs responsibilities tor the audit of the financial statements . .ICont'd
Because of the inherent limytations of an audit. there is a risk that we will not detect all iffegularities, including
those leading to a material misstslement in the financial statements or non-compliance wth regvlalion. This
risk increases the more Ihat compliance wtlh a law Dr regulation is removed from the events and transactions
reflected in the financial slaternents, as we will be less likely to become aware of instances of non-
compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud
involves intentional concealmenL forgery. collusion. omission or MIS￿presen1aII0n.
A further description of our responsibilities lor the audit of the financial statements is located on the Financi81
Reporting Council's website at= W￿.fvC.C￿g.UkIauditOTsresponslb1lrtke5. This description forms part of our
auditor's report.
of our report
This report is made solety to the charrlable cornpany s Tnembers, as a body, in acix)rdance wth Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the
ch
ritable company's members those matter5 we are required to stste lo them in an auditor's report and for
other purpose. To the fvllest extent pemiitted by law. we do not accept or assume responsibility to
one other than the chartt2ble company and the charitable company s members as 2 body, for our audit
k. for this report. or for the opinions we have fonned.
an
wo
en Jones FCA (Senior Statutory Audit￿)
For and on behalf of Myrus Smith,
Chartered Accountants and Statutory Auditors
Nom)an House,
8 Burnell Road
Sutton
Surrey, SM14BW
(o ?.- 2022
10

THE DIAMOND CENTRE FOR DISABLED RIDERS
STATEMENT OF FINANCIAL ACTMTIES
(Incorporating Income and Expenditure Account)
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
funds
2020
Restrtcted
funds
2020
Total
ftjnds
2021
Total
funds
2020
Income from:
Donations and legaues
Charitsble activities
Other trading aGtivities
Investments
77,418
73.967
43.253
41,503
100.231
177,649
73,967
43,253
43,000
232.870
78,668
12.526
39,445
1,497
Total
236.141
101.728
337.869
363,509
Expenditure on:
Raising funds
Charitable actiwlies
9.304
307,029
9,304
407.260
11,955
306.782
100.231
Total
316.333
100.231
416,564
318.737
Net incomellexpenditurelbefore
Investment gains and losses
180.192)
1.497
178.6951
44,772
Nel gainl(lossl on investments
13
224.260
3.715
227,975
148,6661
Net incomellexpenditurel
10
144,068
5.212
149.280
{3,8941
Transfers between funds
17
1.497
11.497)
Net movement in funds
145.565
3.715
149,280
13.8941
Reconclliation of funds-
Total funds brought fO￿ard
17
1.844.977
31,678
1.876,655
1,880,549
Total funds carried forward
17
£1,990,542
£35.393
£2,025,935
£1,876,655
l income and expenditure derives from continuing aCti￿￿e5.
The Statement of Financial Actiwties indudes all recognised gains and losses.
The notes fomi part of these financial statements.
11

THE DIAMOND CENTRE FOR DISABLED RIDERS
BALANCE SHE
AS AT 31 DECEMBER 2021
Nots5
2021
2020
FIXED ASSETS
Tangible assets
Investments
12
13
104.848
1.551.188
108,601
1,323,064
1.656,036
1,431,665
CURRENT ASSETS
Debtors
Cash at bank and in hand
14
17,735
364.676
11.991
448,416
382,411
460.407
CREDITORS: amounts falllng
due within one year
15
12,512
15.417
NET CURRENT ASSETS
369.899
444,990
NET ASSETS
2.025,935
£1,876.655
FUNDS
Unrestricted
Restricted
17
17
1.990,542
35.393
1,844,977
31,678
17
£2.025,935
£1,876,655
These finanGial ststements have been prepared in a(x))rdance wth the spec4al provisions of Part 15 of the
Compantes Act 2006 relating to small ¢￿1panIeS.
Approved by the Trustees on g JLVLC 2022 and signed on their behalfby..
S Axon, Trustee
er.
nJslee
The notes form part of these financial Statements.
12

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1. AGGounting policies
General information and basls of accounting
The Diamond Centre for Disabled Riders is a registered charity (No. 10459701 and private company
limited by gu2ranlee (No. 031)426591 registered in England and Wales. The liability in respect of the
guarantee is limited to £1 per member. The registered oifice 15 given in the Administrative IF)formation
onpage1.
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared in accordance with Accounting and Repoitng by
Charities-. Statement of Recommended Practice applicable lo charities preparing their aceount5 in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
1021 issued in October 2019, the Financial Reporting Stsndard applicable in the United llngdom and
Republic of Ireland (FRS 102), the Charities Act 2011, the Cornpanies Act 2006 and UK Generally
Accepled Accounting Pracb'ce.
The financial stalements are prepared on a goiThJ concem basis and under the hisloiscal wst
conventiorTr modrfied lo include certain items at fair value. The significant accounting policies applied in
the preparation of these finanual statements are set out below. These policies have been consistently
applied to all years presented unless otherwise stated.
Fund accounting
Unreslricted funds are those funds which are freety availab￿ for use in furtherance of the objects of the
charity. Designated unrestricted funds are those funds which have been earrnarked for specific
purposes or projects by the Trustees.
Reslricted funds a￿ those fvnd5 which can only be used in accordance the wishes of the donor or
which have been raised for a particular purpose.
Policies relating to categories of income and Income racognltion.
Nature of income
Gross income represents the fair value. net of value added tax and diswunts. of goods provided lo
customers and work carried out in respect of seryices provided to customers.
Categories of income
Income is categorised as income from exchange transactions (contract income) and income from non-
exchange transactions {gÉfts), investment income other income.
Income from exchange transactions is T￿lved by the charity for goc#Js or Servi￿S supplied under
contract or where entitlemenl is subject to fiJlfilling performance related conditions. The income the
charity receives is approximately equal in value to the goods or servi￿$ supplied by the charity to Ihe
purchaser.
Income from a non*xchange transaction is where tr¢e chatity receives value from the donor without
providing equal value in exchange, and includes donab.ons of money. goods and services freely given
wTthoul giving equal value in exchange.
Income recognition
Income, whether from exchange or non*xchange transactions. is recognised in the statement of
financial activilies ISOFA) on a receivable basis. when a transaction or other event results in an
increase in the charity's assets or a reducllon in its liabilities and only when the charity has legal
entitlement, the receipt is probable and the amount can be measured reliably.
13

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Iconid...
1. Accounting policies...ICont'd
Income recognition...Icont'd
Income subject lo temis and condition5 which musl be met before the charity is entided to the resources
is not recognised until the conditions have been met.
All incorne is accounted for gross, before deducting any related fees or costs.
Income frorn legacies
Income from legacies is recognised when the chartty has sufficient evidence that a grft has been left to
them, that where required, probate has been granted, the executor is sab"sfied that the propety in
question will not be required to sat.sfy claims in the estste, that it is probable that the amount will be
received by the charity, and the amount to be received can be estimated with sufficient accuracy, and
that any conditions attached to the legacy are either within the control of the charity or have been met.
Where a payment is received from an estate or is llottfied as receivable by the executors after the
reporting date and before the accounts are authorised for issue but il is clear that the payment had been
agreed by the executors prior to the end of Ihe reporting period, then the amount concemed is treated
as an adjusting event and accnjed as income in the accounting period if re￿19t is probable.
Where the charity has established entitlemenl lo a legacy but there is uncertainty as to the amount of
the payment, details of the legacy are disclosed as a contingent asset until the criteria for income
recognition are met. Where a legacy is subject to the interest of a lrfe tenant, the legacy 15 not
recognised as income until the death of the life tenant.
If il is doubtful that full Settlement of a legacy debtor wtll be received, then an adjustment is made to
reduce the amount of the legacy deblor and legacy income rather than charging the adjustrnent as
expenditure in the Statement of Finanaal Actiwties.
PoliciTe5 relating to expenditure on goods and services provided to the charity.
Recognition of liabllrtTeS and expendi￿re
A liabilily. and the related expenditure. is recognised when a legal or constructive obligation exists as a
result of a past event, and when it is more likely than not that a transfer of economic benefits will be
required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance
related grants, where the timing or the amount of the future expenditure required lo settle the obligation
are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end.
The provision 15 increased to reflect any increases in liabilities. and is decreased by the utilisation of any
provision within Ihe period. and reversed if any provision is no longer required. These movements are
charyed or credited to the respective funds and aC￿vItieS to which the provision relates.
Direct costs relating to a particular activty are alb)cated directly: support costs are allocate(l on the
basis of staff time. Govemance costs {included in SUPFK)rt costs) include those costs associated with
meeting the constitutsonal and stalulory requirements of the charity and include audit fees.
Expendilure on raising funds indudes those cosls incurred on atÈracting donations and grant funding.
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the
contribution from volunteers. the contribution of volunteers is not included within the incotne of the
charity.
14

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Icontd...
Accounting policleslcontd...
Pollcles relatlng to asse￿ liabilities andprovisions and other matters.
Fixed asset investments
Fixed asset investments in quoted Shares. traded bonds and similar investTnents are initially recognised
at cost upon acquisition and subsequently remeasured at fair value at the end of the financial period.
AJI gains on fixed asset investmenls. whether realised or unrealised. are recognised in the Ststement of
Financial Activities.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value. or if donated. as described above. Cost
value includes all costs expended in bringing the asset into tls intended working condition.
Depreciation has been provided at the following rates in order to write off the assels to their anticipated
residual value over their estimated usehjl lives.
Ponies
Fixtures, fittings and equipment
Plant and machinery
Agricultural vehicles
1 OOYO straight line
10¥. 20% straight line
10% - 20Vo straight line
20% straight IiT)e
Stocks and WO￿ in progress
stock is valued at the lower of cost and net realisable value.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Liability to taxatlon
The Trustees consider that the charity satlsfies the tests set out in Paragraph 1, Schedule 6 of the
Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from
taxation in respect of income or capital gains received within categories covered by chapter 3, part 11 of
the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the
extent that such income or gains are applied exdusivety on the spectfic charitable objects of the charity
and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included
in the relevant costs in the Statemenl of Financial Acts"vrb"es.
Pension costs
The charity operates a defined contribution pension scheme. Contributions payable under the scheme
are th8rged the Statement of Financial Actimties in the year to which they relate.
Debtors and creditors
Debtors and creditors with no stsled interest rale and receivable or payable within one year are
recorded at transaction pri￿. Any1055es arising from impairments are recognised in expenditure.
Government grants
The charity received government support through the Coronavirus Job Retention Scheme and Kickstart
Scheme which is accounted for in accrual model.
15

THE DIAMONCI CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMEr￿s
FOR THE YEAR ENDED 31 DECEMBER 2021
Icontd...
Donations and legacies
Unrestricted
funds
Restricted
funds
Tot31
2021
Total
2020
Donations
Legacies
Grants
Sponsorship
48.425
28,993
5,837
54,262
28,993
59,821
34,573
105,180
50,000
55,890
21,800
59,821
34,573
£TI,418
£100,231
£177,649
£232,870
Of the £232,870 recognised in 2020. £144.934 relaled to unrestricted funds and £87.936 related to
stricted funds.
In￿me from ¢harltable activities
Unrestricted Restricted
nds
funds
Total
2021
Total
2020
Courses and lessons
Riding fees
Special events
Sundry receipts
34,926
38.305
127
609
32,957
39.708
289
5,714
38.305
127
609
£73,%7
£Nil
£73.967
£78,668
l of the £78.668 recognised in 2020 related to unrestricted funds.
Income from other trading
activities
Unrestricted Restricted
funds
funds
Total
2021
Total
2020
Fundraising events
Letting and licencing of propety
25.683
17,570
25,683
17,570
1,121
11,405
£43.253
£Nil
£43.253
£12,526
All of the £12.526 recognised in 2020 related to unrestricled funds.
Investment income
Unyestricted Restricted
funds
funds
Total
2021
Total
2020
Dividends and interest frLYn listed
investments
Bank interest
39.796
1.707
1.497
41,293
1,707
33,733
5,712
£41.503
£1,497
£43,000
£39,445
Of the £39,445 recognised in 2020, £38.089 related to unrestricted funds and £1.356 related to
reskncled funds.
16

THE D￿mOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Icontd...
Cost of raising fund5
Direct
costs
Support
Costs
Total
2021
Total
2020
Publicity and marketing
Investment management
5.791
3,513
5,791
3,513
1.685
10,270
£9,304
£Nil
£9,304
£11,955
l of the £11.955 expenditure recognised in 2020 was charged to unrestricted funds
Cost of charttable activities
Direct
costs
Support
costs
Totsl
2021
Total
2020
Riding and carriage driwng
£185.320
£221.940
£407,260
£306.782
Of the £306,782 expenditure recognised in 2020. £219.369 was charged to unrestricted funds and
£87,413 was charged to restricted funds.
Analysis of direct costs
Raising
funds
Charitable
activities
Total
2021
Total
2020
Salaries. Nl and pension costs
Upkeep of ponies
Training and instructi(
Driving gTOUP
Special events
Agricultural vehide costs
Investment management fees
Pkjblicity and markeb.ng
135.644
38.201
3,505
383
328
7,259
135,644
38,201
3,505
383
328
7,259
3,513
5,791
142.618
31,982
1.604
12D
3.513
5.791
10,270
1.685
£9.304
£185,320
£194,624
£195,123
17

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Icontd...
Analysis of support costs
Raising
fund
Charitable
activiti?5
Total
2021
Total
2020
staff costs
Salaries, Nl and pension costs
Sundry costs lincluding uniforml
104,930
3.440
104.930
3,440
47,959
1,001
Premises ¢osts
Rates and water
Light, heat and power
Cleaning
M8intenance of premises
Groundsmen
4.325
8,089
2,228
14,330
6,453
4,325
8.089
2,228
14,330
6,453
2,402
4,660
2.398
11,377
4,720
Administrative overheads
Telephone
Postage, statsonery and copyng
Insuran
Sundry ex￿nSeS
Maintenance and hire of equipment
1.907
532
18,300
9,957
1,513
1.907
532
18.300
9,9S7
1,513
1,835
739
17,018
6,386
3,460
Professional fees
Other legal and professicfftal costs
3.635
3.635
379
Finance costs
Bank charges
Depreciation
342
38,359
342
38,359
92
15,148
Govèrnance costs
Audit fees
3.600
3,600
4,040
£Nil
£221.940
£221,940
£123,614
10. Net incomel{expenditure)
2021
2020
This is ststed aftar charging:
Depreciation
Pension Costs- Defined contribution schemes
Auditor's remuneration
£38,359
£7.418
£3.600
£15,148
£7,611
£4,040
18

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
IGorrtd...
11. Staff costs
2021
2020
Wages and salaries
Social security
Employer pension costs
226,858
6,298
7,418
176,574
6,392
7,611
£240,574
£190.577
One employee {2020= nil) received totsl employee benefits lexduding employer
pension costs) ex￿eding £60,000 per annum as follows..
£60.000 - £70,000
£70,000 - £80,000
2021
2020
The total employee benefrts re￿iVed by Key Management Petsonnel amounted lo £125.10812020 '. £79,522).
Under FRS 102, employee benefrts indude gross salaries. benefits in kind, employer's national insurance and
employer's pension costs.
The total amount paid in redundancy and termination payments in 2021 was £50.00012020.' nill. All amounts
due have been fully paid and expended, and relate to confidential agreements irb compensation for Ios5 of offi￿.
The number of stsff Ifull-tirne) equivalent during the year
2021
Number
2020
Number
Full-b'me
Part-lime
Total
13
13
2021
Number
2020
Number
Average number of employees
13
13
19

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Icontd...
12. Tangible fixed assets
Land and
Building5
Plant and
Machinery
Motor
Vehicles
Total
Cost
Al 1 January 2021
Additions
Disposals
572.114
179,032
34,606
11,5001
36,465
787,611
34,606
11,5001
Al 31 De￿Mber2o2l
572.114
212,138
36,465
820.717
DeP￿Clation
Al 1 Jarjuary 2021
Charge for the year
Dispos81s
517.142
126,271
38,142
11.5001
35,597
217
679.010
38,359
(1.5001
At 31 December 2021
517,142
162.913
35,814
715.869
Net Book Value
At 31 December 2021
£54.972
£49.225
£651
£104.848
At 31 December 2020
£54,972
£52,761
£868
£108.601
13. Investments
2021
2020
Listed investments
Fair value brought forward al 1 January 2(r21
Additions at cost
Disposals al opening fair value
Revaluation gainslllossesl
1.323,064
1,364,916
{1.295,2941
158.502
1,385,090
904,207
11,041,987>
54,101
1.551.188
1,301.411
Cash held for reinvestment
21,653
Fair value carri￿ foThvard at 31 December 2021
£1,551,188
£1,323,064
The historic cost of listed inve5trnents at 31 December 2021 wa5 £1.383.90512020 .. £1,222,844).
2021
2020
Analysis of investment gains
Unreali5ed gains on revaluation
Realised gainslllossesl on disFY)sal
158.502
69,473
54,101
1102,7671
£227,975
£148,666)
Of the £48,666 investment losses recognised in 2020. £42.837 related to unrestn.cted funds and £5,829 related to
restricted funds.
20

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Icontd...
14. Debtors
2021
2020
Trade debtors
Prepayments and accrued income
3.110
14.625
935
11,056
£17,735
£11,991
15. Creditors: Amounts falling due wthin one year
2021
2020
Trade c￿dItorS
Other creditors
Ac¢nJed expenses
6,807
529
5,176
4,329
150
10,938
£12,512
£15,417
16. Analysis of net assets between funds
Fixed
assets
Current
assets
Current
liabllitie5
Net
assets
2021
UnrestrTCted Funds
Restricted Funds
1.624,551
31,4&5
378.503
3,908
112,5121
1,990.542
35,393
Al 31 December 2021
£1.656.036
£382,411
£112,512) £2.025,935
Comparative infomiation for the analysis of net assets betsveen funds is as follows:
Analy515 of net assets ￿tween funds
Fixed
assets
Current
assets
Current
Net
Assets
2020
Unrestricted Funds
Restricted Funds
1.403.895
27,TTO
457,229
3,908
116,1471
1,844,977
31,678
Al 31 Deceynber 2020
£1,431.665
£461,137
£116,147> £1.876,655
21

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Icontd...
17. Movement Tn fund5
Balance
brought
forward
Gainl{10551
on
investments Transfers
Balance
carried
forward
2021
Income
Expenditure
Uhrestricted funds
General
1.844.977
236.141
(316.333)
224,260
1.497
1,990.542
Restricted funds
Andrew Ballardie Trust
other restricted reserves
24,372
7,306
1.497
1￿.231
3.715
11,497)
28.087
7.306
{100,231)
31.678
101.728
{100.231)
3.715
11,497)
35,393
£1.876.655
£337.869
£1416,5641
227.975
£Nil £2,025,935
Comparative infomiation for the analysi5 for the movement t*￿een funds is as follows".
Movement in fund
Balance
brought
foThvard
Gainlllossl
on
investments Transfers
Balance
carried
for•vard
2020
Income
Expenditure
Unrestricted funds
General
1,843,565
274.217
1231.3241
(42,8371
1.356
1,844,977
Re$trl¢ted funds
Andrew Ballardie Trust
Other restricted reserves
31,634
5.350
1.356
87.936
{1.4331
185,9801
{5.8291
{1,3561
24.372
7,306
36,984
89.292
187.4131
{5.8291
11,3561
31,678
£1,880.549 £363.509
£1318.7371
£148,666)
£Nil
£1,876,655
General Fund-
This unrestricted lund is available to be spent for any of the purposes of the charity.
Restsicted funds
Andrew Ballardie Trust
This is a fund established to provide an income suffiryent to cover the costs of the
annual open day.
These represent the balan￿ of restricted donations and grants received for specific
purposes. but not yet expended on those purp05e5.
Other Restricted Fun(Is
18.
Related Party Transactions
The trustees received no remuneration and £60612020: £nill reimbursed expenses during 2021 for travel
for 1 Iruslee12020.' nill.
There were no related paty transachons in 2021 (K 2020 other than set out in Note 11 relating lo employee
benefits received by key management personnel.