THE DIAMOND CENTRE FOR DISABLED RIDERS
(Registered Charity No: 1045970)
(Company No- 03042659)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

THE DIAMOND CENTRE FOR DISABLED RIDERS
Contents
Page
Reference and Administration Details
Trustees, Annual Report
Independent Auditorfs Report
8-10
Slatement of Financial Activilies
Balance Sheet
12
Notes to the Financial Statements
13-23

THE DIAMOND CENTRE FOR DISABLED RIDERS
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2022
Company Narne
The legal name of the charity is The Diamond Centre for Disabled Riders.
Charity Registration Number
The charity is registered in England & Wales wtth the Charity Commission with charrty number 1045970
Legal structure of the charity
The governing document of the charty is Ihe Memorandum and Articles of Association establishing the
company under company legislation. The company wistrats.on number is 03042659. The Goveming
Document is dated 6 April 1995 (amended on 17 Aprrl 2000}. By operation of law all trustees are directors
under the Companies Act 2006 and all directors are trustees under Charities legislation and have
responsibilities under both company and charity legislation.
Regist8red Office and Principal Address
The Diamond Centre for Disabled Riders
Woodmansteme Road
Carshallon, Surrey
SM5 4DT
Telephone: 020 8643 7764
Email Address. adn IllTr &.d";amondcp.ntre.or
Web address.. diamondcentre.org.uk
.uk
Trustees
The Trustees in office during the year and on the date the report was approved were all members of the
Charity..
Claire Snowdon (chair from 2 February 2023)
Steve Axon (chair until 1 February 2023}
Robert Mathews
Sandy Pfeifer
Katie Hobden
Carol Bedwell
Matthew Taylor
Tina Edwards
Ann Stuart served as a TnJstee during the year and resigned on 2 February 2023.
Bankers
HSBC plc
16 King Street
Covent Garden
London. WC2E 8JF
Investment
Advisors
CCLA Investment Management
85 Queen Victoria Street
London EC4V 4ET
Auditors
Myrus Smtlh
Chartered Accountants
Nomian House
8 Burnell Road
Sutton Surrey, SM14BW

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
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 8 member of the national Riding for the Disabled Association {"RDA"I.
The object of the Centre is to provide disabled people with the opportunity to ride andlor carriage driv8 10
benefit their health and Well-being and achieve their goals. 11 is now widely recognized that disabled people
can benefit educationally, physically and mentally from riding or c3rriage driving and we will encourage this
leaming process and ils progression.
The Centre provides unique hors&riding facilities to beneffl disabled children and adults by having regular
contact with horses. Our actsvttses include Riding, Carriage Driving. Vautting.. Hippo-therapy and Dressage
and our aim is lo be one of the best riding centres for the disabled in the country and to provide horse riding
and related equine therapies for everyone that needs il in our area. Activities are provided by our staff,
instructors and volunteer5, all of whom are fully qualified for their rdevant tasks and attend training courses
related to providing horse riding for people wtth phystcal disabilty and leaming drfricullies.
Our most important people are our riders, vautters and drivers and we are committed to ensuring our
facilities and Servi￿ will be maintained at the highest levels so as to provide every opportunity for every
disabled person lo achieve their goals. Our riders, vaulters and drivers 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 gives them the chance to be independent and a sense of
achievement.
We rely heavily on our volunteers and call on over 200 unpaid helpers each week. These volunleers are
essential for the day-tO•day operation of Ihe centre, and include instructors. who undertake most of our riding
classes. and other volunteers who so willingly assist the riders and drivers in their lessons. not forgelling the
many hours they spend grooming our horses and attending training courses. In addition, we have a team of
volunteers who 8SSlSt so pleasanuy in our Shop and Servery. a talented gardening team and Ihe 'A-Team' _
our skilled maintenance team.
Achievernents and Performance
Horse Ridin
We have a maximum estimated capacty to provide riding to 350 disabled individuals each week. Starting
the year as the UK was Still amid the COVID-19 pandemic (Omicron variant). we had 280 weekly riders,
being 80 /0 of our full capacty of 350 riders. By the end of 2022. we had re-buill our riding activities with 157
regular disabled individuals benefitting from weekly individual and group lessons, and a full weekly schedule
of school groups Ic150 ridersl- We currently have 20 vacancies and are back to just under 90 /0 of full
capacity. The wailing list is actively managed. most are awaiting additional infotTnation or an assessment.
Carria
e Drivin
We r&started carriage driving after being cleared by Sutton Council and the ROA in March 2022.
Unfortunately, activities had to be suspended from July 2022 due to the lameness of our trained pony, Daisy.
Non Ridin
Activities
In March 2022 upon approval from RDA. we added Tea With A Pony. to our activities and are conducting
regular sessions at least monthly.
Infrastructure
2022 was a very big year for upgrading our physical infrastructure. In May, we upgraded our broadband to
BT'S full fibre optic 100mbps service. whilst we migrated our database server to a cloud-based solution to
improve security and en2ble remote access, and in September enhanced the car park lighting. Vve invested
£127k in capital expendilure. including..
Roofing for outbuildings (part funded by Sutton Council Neighbourhoc%J grant},'
A new fire protection system",
Roller shullers for outbuildings..
Driving carriage {part funded by Lottery-Awards for All- grantl-,
Servery interior upgrade including new flooring and windows. a more welcoming colour schème, fixed
fumiture for hals and boots (part funded by donalions from Amos Foundation and Screwfixl.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
-IConl'd
SES Pi
eline
Work on the 'SES How Green l Langley Park Pipeline" continues. AJI construction work was completed in
December but we understand the pipeline needs lo be tested before being put into operation, after which our
land can be re-seeded. Compensation claims are being pursued, while SES has been approached for a
goodwill 'community' payment for a project for Diamond IFK)ssibly a Sensory Trackl lo recognise the value of
Diamond to the local community- We are hopeful our fields can be re-seeded in the spring 2023.
Horses
We started 2022 with 23 horses. and this went down to 22 when we sold Saffron in January as a brood
mare, after many months of persistent injury. We sadly had to put down Boris (April), Ajfie {Junel and Addy
(November) but we managed to acquire 6 new horses during the year - Maty, Gypsy, Romeo, Rousey,
Bobby, and Dom. At year end we had 25 horses but had lo let Gypsy go in January 2023 as she prove(I
unsuitable for disabled riding.
Slaffin
We continued our participation in the UK govemmenl's Kickstart programme where we took on two young
adults for 25 hour5 per week for 6 months. work experien￿. Our final Kickstart employee finished in eady
September when the scheme closed. This left us short on yard staff and we look on an experienced fomier
Kickstarter Katie Stuart from mid-september until end Febnwry 2023.
Sophie Mitchiner left us in January 2023 after 7 years, service. The TTUStees would like to express their
thanks lo Sophie. Her role has been replaced by Hannah Prior, who has been a regular volunteer and
resident al the Centre for several years.
Trustees
Steve Lxon stood down as Chair of the Board of Trustees at the beginning of February 2023. having
resumed the role in 2020 after originally slepping down earlier that year. The Board would like lo register ils
thanks lo Steve and we are fortunate Steve is staying on as a member of the Board. Ann Stuart resigned
from the Board on 2 February 2023. and the Board would also like lo thank Ann for her service since joining
in October 2021.
Volunteers
A Volunteer Survey was conducted in September and a suLFcommittee of staff and volunteers and
formulating a full action plan. While the feedback was very positive, the survey identified areas for
development. for which action plans are in progress.
Pam Collins, a long lerm volunteer particulady in the servery and at external events. stood down at Ihe end
of 2022. The Board would like to register its appreciation of all the work done and funds raised by Pam over
many years of SerV￿e to our charity.
Non-Disabled Ridin
We continued to provide lessons for norFdisabled ￿ers, and welcomed non-volunleer riders. subject to an
initial assessfflent.
The non4isabled riding lessons benefitted the charity in several ways. Firstty, by keeping the horses
exercised and schooled, without requiring staff. Secondly. by generating £43,000 income12021'. £33,000) in
the year, which paruy offset the reduclion in incotrte from disabled riding. And thirdly. by promoting Diamond
in our local community. generating interest from new riders in becoming future volunteers.
Events
A Horse Biomechanics demonstration was held on 28 May, very well attenéed by over 90 people, in our
main indoor arena. Two Christmas events were held this year- an Open Day with riding demonstrations on
4 December and a concert of Seasonal Music on 11 December with the Sutton Rock Choir. This latter event
induded the presentation of volunteer awards, and was accompanied by mince pies and mulled wine.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
-ICont'd
Public Benefit
The Trustees have had regard to the guidance issued by the Chartty Commission on public benefiL
With an increasing number of people suffering from physical disabilities and learning difficulties, the public
can benefit greauy from horse riding and carrtage driving as a therapy. The Centre strives to accommodate
this increasing demand by structuring lessons and actNities to cater for as wide a range of clients as
possible. The number of schools that ride at the ￿ntre has been maintained over the year which benefits not
just of the riders but also the school's curTiculum and the riderfs parents and carers. In addition to regular
riding Classes during lem)-time, an increasing number of other activities and events are held during the
school holidays lo the benefit of the riders. families and ￿rers.
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 indNiduals and organisalions in our local community, as well as our
volunteers and corporate donors. Our thanks 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 always to keep riding
affOrda￿￿e and we continue lo heavily subsidise all our rKfing activities from income and donations.
Fundraising & Events
We held several events during the year as well as raising thnds from our servery. induding clothing and
refreshments. Our main on&off events included-
Autumn Fair - our main annual fundr2i5ing event was again a resounding suC￿S with an estimated 2.500
visitors, and a profit of over £16,000. We were grateful for sponsorship of £1,000 from the Surrey Masonic
Sports Association.
Lavender Fields event - this evening event in July. which included music from the Banstead Show Choir,
raised just under £3,000.
Mike Watson s
onsored walk - our volunteer and ex-Trustee raised over £3,300 from a sponsored 80 km
walk through the Yorkshire dales.
ht- our popular event was held in November and raised over £1.600.
Donations
incl horse s
onsorshi
Total donations & horse sponsorship was £135.166. This was £46,331 higher than 2021 1£88,8351, We
were very grateful for all donab'ons and wish to note with gratitude the following non-personal donations over
and equal to £5,000".
Sutton Centre for Independent Living £20,102
Bryan & Julie Amos Founda&'on £10.000
Apax Foundation £5.100
Trevor Fund £5,000
Screwfix Foundation £5.000
Grants
Total grants received were £49.216. comprising-
Kickslart Scheme1£17,8531 for young adult training opportun¢bes
Sutton Neighbourhood Fund {£21,363) for outbuilding roof improvements
Lottery Grant {£10,000} for horse carriage
In accordance with charity accounting rules. the latter iwo grants will be amortised over the corresponding
depreciation period for the asset purchased with the funds received.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
-IConl'd
acies
We were extremely grateful to receive 2 legacy for £5,000 from the estsle of Peter Leonard Campbell.
Financial review
The charity's financial position at the end of the year ended 31 De￿rnber 2022 and comparatives fi)r the
prior period, as more fully detailed in the accounts. can be summarised as follows: .
2022
2021
Nel (expenditure) l income
£1158.4461
£149,280
Unrestricted Revenue Funds
Restricted Revenue Funds
1,833,752
33,737
1,990,542
35,393
Total Funds
£1.867,489
£2.025,935
Financial review of the position at the reporting date, 31 December 2022
The Net (expenditure) l income shown in the table above can be further broken down as follows-
2022
2021
Net operating result before legacy income & investments
One-off legacy income
Revaluation of investments
£15.022
£1107.6881
£5,000
£{178,4681
£28,993
£227,975
Net in¢ome I lexpeTKlitttre)
£1158.446)
£149,280
The operating result from core operations before one-off legacy income and investment accounting was
significantly higher than the previous year, by £122.710. This reflects mainly the recovery of operations back
to full scale after the Covid-19 pandemic. and a very successful year in donattons and fundraising.
Net income was howèver affected adversely by a £178,468 revaluation of investments. This reflects the
poor perfomiance in global equity markets. Our CCLA fu￿1 recorded a 9°h decline in the year, in line with
comparable funds.
Principal risks and uncertainties
The Trustees are cognisant of several material risks facing the Centre, and this is re￿ected in the
conservab've reserves policy adopted.
Risks and uncertainties include lil heallh of our horses. where for example a contagious disease could
significandy interrupt our programme of activities. (li) damage tr) our infrastructure caused by adverse
weather. storm, file, or other causes. {iii} UnfOres￿n building and maintenance costs on our ageing physical
infrastructure livl accident or other incident which causes personal injury and reputational damage.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
-IConl'd
Policies on reserves
Trustees believe that the current level of reserves is appropriate given the risks outlined in this report. and
the possibility of having to upgrade our infrastructure further in order lo maintain a safe and secure and
sustainable operation. Trustees maintain an ongoing objective of delivering a balanced operating budget
year lo year, while utilising reserves to upgrade and enhan￿ our horse riding and related facilities.
Availability and adequacy of assets of each of the funds
The Board of Trustees is satisfied that the charity's assets in each hjnd are available and adequate lo fulfil ils
obligations in respect of each fiind.
Investment policy and investment obieetives
The investment objective is lo seek a total retum (xsmtK)sed of capital gains and income sufficient lo
preserve the real value of the portfolio against inflation, with a focus on income utilising a balanced and
diversrfied blend of assets with a medium rrsk profile.
Membership
As al 31 December 2022, the Centre had 104 acttve members 12021= 112). Membership is open lo those
supporting the Cenlre's work.
Structure, governance and management of the charity
Under the conslitub.on and Articles of Ass4xiation of The Diamond Centre for Disabled Riders, the Trustees
are ultimately responsible for all aspects of govemance,. for ensuring the aims of the charity are upheld,
overseeing strategy., safeguarding the charities assets.. development and ensuring the charity is sustainable.
The charity is also a limtted company by guarantee.
The day-l(>day management of the centre is devolved to the Centre Manager and Staff.
The methods used to reeruit and appoint new charity trustees
When new or additional trustees are recnjited. they are elected by the Members or c(Fopted by the Tnjstees.
All Trustees are also Members, and support the Objects of the charity. as set out above. The Trustees retire
al each Annual General Meeting l-AGM"l of the charity- Trustees may then stsnd again and may be
reappointed by the Members. Co-opted Trustees hold Offi￿ unb"I the next AGM, when they retire bul may
stsnd as Trustees and put themselves forward for electK>n by the Members.

THE DIAMOND CENTRE FOR DISABLED RIDERS
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
-.ICont'd
Trustees. responsibilities statement
The Trustees {who are also directots of The Diamond Centre for Disabled Riders for the purposes of
company lawl are respo.nsible 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 Practice).
Company law requires the Trustees to prepare financi81 stalements for each financial year. Under company
law the Trustees must not approve the financial statements unless they are satisfied that they give a true and
fair view of the stale of affairs of the Charitable company and of the incoming resources and application of
reSoUr￿s. including the income and expenditure, of the charitable company for that peri¢Jd. In preparing
these financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently-.
Observe the methods and principles in the Chartties SORP 2019 IFRS 102)..
Make judgements and accounting estim2tes Ihat are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will ￿ntinue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's transactions and disdose with reasonable accuracy al any time the
financial position of the charitable company and enable them lo ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Statement as to disclosure of inforniation to auditors
The trustees state that so far as each of the trustees at the time this report was approved are aware.. -
There is no relevant audit infom)ation (as defined by sectlon 418(3) of the Companies Act 2006) of
which the charitable company s audtlor is unaware. and
b)
The trustees have taken all steps that thèy ought to have taken to make themselvès aware of any
relevant audit infomiation and establish that the auditoi is aware of that infom)alion.
In preparing this report. the Trustees have taken advantage of the small companies exemptions provided by
section 415A ofthe Companies Act 2006.
This report was approved by the Trustees 16 March 2023 and sIgr￿￿ on their behalf by
C Snowdon
Director and Trustee

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
THE DIAMOND CENTRE FOR DISABLED RIDERS
Opinion
We have audited the financial statements of The Diamond Centre for Disabled Riders (the 'charitable
company I for the year ended 31 December 2022 which comprise the Stalemenl of Financial Aclivilies, the
Balance Sheet and notes to the financial slatemenls, 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 Reporttng Standard 102 The Financial Reporting Stsndard
applicable in the UK and Republic of Ireiand (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the stste of the charitsble company s affairs as at 31 December 2022.
and of its incoming resources and application of resources. including its income and expenditure, for
the year then ended.,
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.. and
have been prepared in accordance wrth the requirernents of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance wtth Intemational Standards on Audtting IUK} {ISAs IUK}} and
applicable law. Our responsibilities 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 Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordan￿ these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis our opinion.
Conclusions relating to going concern
In auditing the financial slalemenls, we have conduded that the trustees. use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have nol identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo
continue as a going concem for a period of at least twelve months from when the financial statements are
authorised for issue.
Our resp)nsibilities and the responsibiif(ies of the tnjstees with respect to going concem are described in the
relevant sections of this report.
Other infomiation
The other infom)ation comprises the infomiation induded in the trustees. annual report. other than the
financial statements and our auditor's report thereon. The trustee5 are responsible for the other information
contained within the twstees. annual report. Our opinion on the financial statements does not cover the
other information and, ex￿p1 to the extent otherwise explicitly ststed ir¢ our report, we do not express any
form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so.
consider whether the other infomiation is fflaterially inconsistent with the financial statements or our
knowledge obtained in the course of the audil or othervrise appears to be materially misstated. If we identify
such material inconsistencies or apparent material misstatements, we are required to determine whether this
gives rise to a material misstatement in the financial statements themselves. If. based on Ihe work we have
performed, we conclude Ihal there is a material misstslement of this other information, we are required lo
report that fact.
We have nothing lo report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our OPiF)ion, based on the work undertaken in the course of the audtt:
the infomalion given in the trustees. report (incorporating the directors, report) for the financial year
for which the financial statements are prepared is consistent with the financial 5talements,' and
the directors, report has been prepared in accordance with applicable legal requirement5.

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF
THE DIAMOND CENTRE FOR DISABLED RIDERS
..IConYd
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audit. we have not idenbfied material misstatemenls in the directors. report.
We have nothing to report in respect of the following matters in relatson to which the Companies Act 2006
requires us lo report to you rf. in our opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns.. or
certain disclosures of directors. remuneration spectfied by law are not made,. or
we have not received all the information and explanations we require for our audit- or
the trustees were not entiUed lo prepare Ihe financial statements in accordance with the small
companies, regime and take advantage of the small companies. exemptions in preparring the
directors, report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more ftjlly in the Iruslees. responsibilities statement, sel out on page 7, the trustees {who are
also the directors of the charttable Ix)mpany for the purposes of company lawl are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view. and for such
internal control as the trustees determine is necessary to enable the preparation of financial statements that
are free from material fflisstalement. whether due to fraud or error.
In preparing the financial ststements. the trustees are respons1l￿e for assessing the charitable company's
abilty to continue as a going concem, disclosing. as applicable. matters related to going concern and using
the going concern basis of accounting unless the trustees either intend to IKiuidale the charitable company
or lo cease operations, or have no realistic aliemative but to do so.
Audltorfs responsibilities for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to traud or error, and to issue 2n auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guaranlee that an audil
conducted in accordarice with ISAS (UK) will always detect a material misstslement when il exists.
Misstatements can arise from fraud or etror and are considered material rf. individually or in the aggreg81e,
they could reasonably be expected to influence the economic decisions of useTS taken on the basis of these
financial statements.
Irregularities, induding fraud, are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our responsibiltties. outlined above, lo delect material misstatements in respect of
irregularities, including fraud. The specific procedures for this engagemenl and the exlenl to which Ihese a
capable of detectsng irregularities, induding fraud is detailed below=
Enquiry of management and those tharged with govemance a￿ut actual and potential litigation or
claims and the identfficalion of non-compliance wÉth laws arKI regulations.
Reviewing minutes of meetings of those charged wtth govemance.
Reviewing financial statement disdosures and testing to supporbng documentation to assess
compliance with applicable laws and regulations.
Auditing the risk of management override of controls. inciuding testing journal entries and other
adjustments for appropriateness-, assessing whether the judgements made in making accounting
estimates are indicative of a potential bias,. and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.
Performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misstalemenl due lo fraud.
Professional scepticism in coutse of the audit and with audit sampling in material audit areas.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
THE DIAMOND CENTRE FOR DISABLED RIDERS
-IConYd
Auditotrs responsibilities for the audit of the financial staternents . .ICont'd
Because of the inherent limitations of an audit. there is a risk that we will not delect all irregularities, including
those leading to a material misslatemenl in the financial slatements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely lo become aware of instances of ntsn-
compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud
involves intentional concBalment. forgery. collusion. omission 01 misrepresentstion.
A further description of our responsibilib.es for the audrt of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.org.uklaudilorsresponsibiltb.es. This description form5 part of our
auditor's report.
Use of our report
Thi
Pa
ch
no
rewrt is made solely lo the charitable company's members. as a body, in accordance with Chapter 3 of
16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the
ritable company s members those matters we ale required lo state to them in an auditor's report and for
other purpose. To the fullest extent permitted by law. we do not ac￿p1 or assume responsibility to
one other than the charitable company and the charitsble company's members as a body, for our audit
k, for this report. or for the opinions we have formed.
an
Fora
en Jones FCA (Senior Stsiulory Auditor)
d on behalf of Myrus Smith.
Chartered Accountants and Statutory Auditors
Norman House.
8 Burnell Road
Sutton
Surrey, SM148W
16 March 2023
10

THE DIAMOND CENTRE FOR DISABLED RIDERS
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating Income and Expenditure Account)
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted
funds
2022
Rèstricted
funds
2022
Total
funds
2022
Total
funds
2021
Income from:
Donations and legaGies
Charitsble activities
Other trading activities
Investments
102.919
148.781
60,815
40.767
37.764
17.853
140,683
166,634
60,815
42,446
127,348
124,268
43,253
43,000
1.679
Total
353,282
57,296
410,578
337,869
Expenditure on-
Raising funds
Charitsble acliwties
9.466
325.571
9,466
381.090
9,304
407,260
55,519
Total
335,037
55,519
390.556
416,564
Net in¢omel{èxpenditurelbefore
Investment gains and losses
18.245
20,022
178,6951
Nel gaiTrlllossl on investments
13
(176.714)
11.754)
1178,4681
227,975
Net incomellexpenditure}
10
1158.4691
23
1158.446)
149,280
Transfers be￿een funds
19
1.679
11,679)
Net movement in funds
(156.7901
11.6561
(158,4461
149,280
Reconciliation of funds:
Totsl funds brought fO￿ard
19
1,990.542
35.393
2.025.935
1,876,655
Total funds carried forward
19
£1,833.752
£33.737
£1,867.489
£2,025,935
l income and expenditure derives from continuing activib"es.
The Statsment of Financiai Activitses indudes all recognised gains and losses.
The notes fomi part of these finanual statements.

THE DIAMOND CENTRE FOR DISABLED RIDERS
BALANCE SHEET
AS AT 31 DECEMBER 2022
Notes
2022
2021
FIXED ASSETS
Tangible assets
Investments
12
13
209.268
1.372,720
104,848
1,551,188
1.581.988
1.656,036
CURRENT ASSETS
Stock
Debtors
Cash al bank and in hand
2.476
17.490
318,942
14
17,735
364,676
338.908
382.411
CREDITORS: amounts falling
due within one year
16
22,S61
12.512
NET CURRENT ASSETS
316,347
369.899
TOTAL ASSETS LESS CURRENT
LIABIUTIES
1,898,335
2,025,935
CREDITORS= amounts falling
due after more than one year
17
30,846
NEf ASSETS
18
£1.867.489
£2.025,935
FUNDS
Unrestricted
Restricted
19
19
1.833.752
33.737
1,990,542
35,393
19
£1.867,489
£2,025,935
These financial statements have been prepared in acu)rdance wrth the spe(#al provisions of Part 15 of the
Companies Act 2C106 relating lo small companies.
Approved by the Trustees on 16 March 2023 and signed on their behalf by:
C Snowdon, Trijstee
S Pfeifer. Tntslee
The notes form part of these financial statements.
12

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMEprrs
FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting policies
General inforniation and basls of accounting
The Diamond Centre for Disabled Riders is a registered chaTty (No. 1045970} and private company
limrted by guarantee (No. 03042659) registered in England and Wales. The liability in respect of the
guarantee is limited to £1 per member. The registered office is given in the Administrative Information
onpage1.
The charity constitutes a public benefit entty as defined by FRS 102.
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 issued in October 2019. the Financial Reporting Standard ap ￿leable in the Untted Kingdom and
Republic of Irelanij IFRS 1021. the Charrlies Act 2011. the Companies Act 2006 and UK Generally
Accepted Accounting Practice.
The financial statements are prepared on a going tx)ncem basis and under the historical cost
convention modified lo include certain items at fair value. The significant accounling policies applied in
the preparation of these financial statements are set out below. These policies have been consistenlly
applied lo all years presenle(i unless otherwise Stated.
Fund accounting
UnrestriGted fund5 are those funds which are freety available for use in furtherance of the objects of the
charity. Designated unresthcted funds are Ihose funds which have been earmarked for specific
purposes or projects by the Trustees.
Restricted funds are those fvnds which can only be used in accordance wtÉh the wishes of the donor or
which have been raised for a particular purpose.
Policies relating to categorles of Incomè and income recognition.
Nature of income
Gross income represents the fair value. net of value added t2x and discounts. of goods provided to
Customers and work carried out in respect of semces provided lo customers.
Categories of income
Income is categorised as income from exchange transactions {¢ontra¢t income) and income from non-
exchange transactions {gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or serviees supplied under
contract or where entidement IS subject lo fulfilling perfomiance related conditions. The income the
charity receives is approximatdy equal in value to the goods or services supplied by the charity to the
purchaser.
Income from a non*xchange transaction is where the charity receives value trom the donor without
providing equal value in exchange, and includes donations of money. goods and services freely given
without giving equ81 value in exchange.
Incorne recognition
Income, whether from exchange or non-exchange transactions, is recognised in Ihe statement of
financial activities (SOFA) on a receivable basis, when a transaction or other event results in an
increase in the charity's assets 01 a reduction in its liabilities and only when the charity has legal
entittement, 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 2022
Icontd...
1. Accounting poli¢ies...ICont'd
Income re¢ognition..Jcont'd
Income subject to terms and conditions which must be mel before the charity is entiJed to th8 resources
is not recognised until the conditions have been met.
l income is accounted for gross. before deducting any related fees or costs.
Income from legacies
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to
them, that where required, probate has been granted. the executor is satisfied that the propety in
quesb.on will not be required lo satisfy claims in the estate, that it is probable that the amount will be
received by the charity, and the amount lo be recewed can be eslimated with sufFi¢ient accuracy, and
that any conditions attached to the legacy are erther within the control of the charity or have been met.
Where a payment is received from an estate or is not.fied as receivable by the executors after the
reporting dale and before the accounts are authorised for issue but it is clear that the payment had been
agreed by the executors pnor to the end of the reporting period, then the amount coN￿med is Ireate¢J
as an adjusting event and accrued as income in the accounbng period rf receipt is probable.
whe￿ the charity has estsblished enliuement to a legacy bul 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
rec()gnilion are met. Where a legacy is subject to the interest of a lrfe tenant, the legary is nol
recognised as income until the death of ihe lrfe tenant.
If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to
redLJce the amount of the legacy debtor and legacy income ralher than charging the adjustment as
expenditure in the Statement of Financial Activities.
PoliTcies rèlating to expendrfure on goods and services pmvided to the charity.
Recognttion of liabilitles and expenditure
A liability, and the related expenditure. is recognised when a legal or cix)structive obligation exists as a
result of a past event, and when it is more likely than not that a transler 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 to settle the obligation
are uncertain, give rise to a provision in the accounts, which is rev￿Wed al the accounting year end.
The provision is increased to reflect any increases in liabilities, and is decreased by the ulilisation of any
provision within the period. and reversed if any provision is no longer required. These movements are
charged or credited to the respecltve funds and activities lo which the provision relates.
Direct costs relating to a particular activity are allocated direcUy-, support costs are allocated on the
basis of staff lime. Govemance costs linduded in support costs} include those costs associated with
meeting the constitutional and statulory requirements of the charity and include audit fees.
Expenditure on raising funds includes those costs incurred on attracting donations and grant funding.
Volunteers
In accordance with the SORP. and in recognilKTrn of the difficulties in placing a monetary value on the
ontribulion from volunteers, the contribulion of volunteers is not included within the income of the
charity.
14

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Icontd...
Accounting policieslcontd...
Policies relating to assets, liabilityes andprovlsions and othermatters.
Fixed asset investments
Fixed asset investrnents in quoted shares. traded bonds and similar investments are initially recognised
al cost upon acquisition and subsequently remeasured at fair value at the end of the financial period.
I gains on fixed asset investments, whether realised or unrealised. are recognised in the Ststement of
Financial Activities.
Tangible fixed assets
Tangible fixed assets are measured at their original c05t value. or if donated, as described above. Cost
value includes all costs expended in brirMJing the asset into tts intended working condition.
DepFeciab"on has been prowded at the following rates in order to write off the assets to their anticipated
residual value over their estimated useful lives.
Freehold Buildings {land not depreciated)
Ponies
Fixtures, fittings and equipment
Plant and machinery
Agricultural vehides
50/. 100/0 straight line
100 10 straight line
20 /0 Straight line
1001. 20Vo Straight line
20 /0 straight line
The grant received towards the cost of fixed assets are recognised using the accrual model and
released to income on a straight line basis over the estimated useful life of Ihe assets.
Sutton Neighbourhood Grant
Lottery Grant
5/0 {amortised for 20 years)
10 /4 lamortised for 10 years)
Stocks and work in progress
Stock is valued at the lower of cost and net realisable value.
Debtors
Debtors are measured at their recoverable amounts at the b￿ance sheet date.
Liability to taxation
The Trustees consider that the charity sats"sfies the tesls set out in Paragraph 1, Schedule 6 of th@
Finance Act 2010 for UK corporation tax pury)oses. Accordingly, the Charity is potentially exempl from
laxalion in respect of income or capi(al gains received wthin calegories covered by chapter 3, part 11 of
the Corporation Tax Act 2010 or Secbon 256 of the Taxation of Chargeable Gains Act 1992, to the
extent that such income or gains are applied exdusively on the specific 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 Statement of Financial Acb"vtb"es.
Pension costs
The charity operates a defined contribution pension scheme. Contributions payable under the scheme
are charged the Statement of Financial Activities in the year lo which they relate.
Debtors and creditors
Debtors and creditors with no staled interest rate and receivable or payable within one year are
recorded al transaction price. Any losses arising from impaimients are recognised in expenditure.
Government grants
The chartty received govemmenl support through the Coronavirus Job Retention Scheme and Kickstart
Scheme which is accounted for in accnjal model.
15

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Icontd...
Donatlons and legacies
Unrestricted
funds
Restricted
funds
Total
2022
Total
2021
Donations
Legacies
Grants
Sponsorship
97,919
5.000
5.682
103.601
5,000
517
31,565
54,262
28,993
9,520
34,573
517
31.565
£102.919
£37.764
£140,683
£127,348
Of the £127,348 recognised in 2021, £77,418 related to unrestricted ftjnds and £49,930 related to restricted
funds.
Income from charitable activities
Unrestricted
funds
Restricted
funds
Total
2022
Total
2021
Courses and lessons
Riding lees
Special events
Sundry receipts
Govemment grants
44.305
101.773
1.338
1.365
44.305
101,773
1,338
1,365
17,853
34.926
38,305
127
609
50,301
17,853
£148.781
£17,853
£166,634
£124,268
Of the £124.268 recognised in 2021. £73,967 related to unrestricted funds and £50,301 related lo restricted
fvnds.
Income from other trading activtties
Unrestricted
funds
Restricted
funds
Total
2022
Total
2021
Fundraising events
Letting and licencing of property
44,460
16,355
25.683
17,570
16.355
£60.815
£Nil
£60,815
£43,253
l of the £43,253 recognlsed in 2021 ￿lated to unrestricted fvnds.
Investment income
Unrestricted
fvnds
Restricted
funds
Total
2022
Total
2021
Dividends and interest from listed
investments
Bank interest
40.256
511
1,679
41.935
511
41,293
1.707
£40.767
£1,679
£42,446
£43,000
Of the £43,000 ￿cOgnISed in 2021, £41.503 relaled to unrestn.cled hjnds and £1,497 related to restricted
funds.
16

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Icontd...
Cost of raising funds
Direct
Costs
Support
costs
Total
2022
Total
2021
Publioty and marketing
Investment management
9.466
9,466
5,791
3,513
£9,466
£Nil
£9,466
£9.304
l of the £9,304 expendilure recognised in 2021 was charged to unrestricted funds.
Cost of charltsble activities
Direct
Support
costs
Total
2022
Total
2021
Riding and carriage driving
£211.934
£169,156
£381,090
£407.260
Of the £407.260 expenditure recognised in 2021. £307.029 was char9ed to unrestricted funds and £100,231
was charged to restricted funds.
Analysi5 of direct ￿$ts
Raising
funds
Charitable
a¢tivities
Total
2022
Total
2021
Salaries, Nl and penston costs
Upkeep of ponies
Training and instruction
Driving group
Special events
Agricultural vehide costs
Investment management fees
Publicity and marketing
146.673
47.944
146,673
47,944
135,644
38,201
3.505
383
328
7,259
3,513
5,791
168
689
12,016
168
689
12,016
9,466
9,466
£9,466
£211,934
£221,400
£194.624
17

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Icontd..
Analysis of support costs
Raising
fund5
Charitable
activitie5
Total
2022
Total
2021
Staff costs
Salaries. Nl and pension costs
Sundry costs (including unrfom)
52,938
2.892
52,938
2,892
104,930
3.440
Premise5 costs
Rales and water
Light, heat and power
Cleaning
Maintenance of premises
Groundsmen
6.450
13,247
2.080
15,571
5.885
6,450
13,247
2,080
15,571
5.885
4,325
8,089
2,228
14.330
6.453
Administrative overhead5
Telephone
Postage, stationery and copwng
Insurance
Sundry expenses
M8intenan¢e and hire of equipment
3.348
658
20.446
10,642
5.475
3.348
658
20.446
10,642
5.475
1,907
532
18,300
9,957
1,513
Professional feès
Other legal and professional costs
3,635
Finance costs
Bank d)arges
Depreciation
1.226
24,498
1.226
24.498
342
38.359
Governance costs
Audit fees
3,800
3.800
3,600
£Nil
£169.156
£169.156
£221,940
10. Net Incomellexpenditure}
2022
2021
This is stated after charging=
Depreciation
Pension costs- Defined corrtribub.on schemes
Audilorfs remuneration
£24,498
£7,137
£3,800
£38,359
£7,418
£3,600
18

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Icorttd...
11. Stsff costs
2022
2021
Wages and salaries
Social security
EmrAoyer pension costs
182,935
9,539
7,137
226.858
6,298
7,418
£199,611
40,574
No employee12021= 11 received total employee beneffts lexduding employer
pension costs) exceeding £60,OCK) per annum as follows-
2022
2021
£70,000 - £80,000
The total employee beneffts received by Key Management Pe￿onTre1 amounted lo £61,75212021 . £125,108}.
Under FRS 102, emptoyee benefits indude gross salaries. benefits in kind. employer's national insurance and
employer's pension costs.
The number of stsff Ifu114ime} equivalent during the year
2022
Numbèr
2021
Number
Full-time
Part-time
Total
13
13
2022
Number
2021
Number
Average number of employees
13
13
19

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMETrirs
FOR THE YEAR ENDED 31 DECEMBER 2022
Icontd...
12. Tangible fixed assets
Land and
Buildings
Plant and
Machinery
Motor
Vèhicles
Total
Cost
At 1 January 2022
Additions
Disposals
572.114
61.513
212,138
67,405
I14.￿0)
36,465
820,717
128,918
{14,000)
Al 31 December 2022
633,627
265.543
36.465
935.635
Deprèciation
At 1 January 2022
Chaige for the year
Disposals
517,142
1,065
162.913
23,216
114,0001
35,814
217
715,869
24,498
{14,0001
At 31 December 2022
518.207
172,129
36,031
726,367
Net Book Value
At 31 December 2022
£115.420
£93,414
£434
£209.268
At 31 December 2021
£54.972
£49.225
£651
£104,848
13. Investments
2022
2021
Listed investments
Fair value brought forward at 1 January 2021
Additions at cost
Disposals al opening fair value
Revaluation gains]Ilosses)
1.551.788
1,323,064
1,364,916
11.295,2941
158,502
1178,4681
1.372.720
1,551,188
Cash held for reinvestmenl
Fair value carried forward al 31 December 2022
£1.372,720
£1,551,188
The historic cost of listed investrnents at 31 December 2022 was £1.383.90512021 = £1.383,9051.
2022
2021
Analysis of investment gains
Unrealised Ilossesygains on revaluatic
Realised gains on disposal
1178.4681
158,502
69,473
£1178,4681
£227,975
Of the £227,975 investment gains recognised in 2021. £224.260 ￿lated to unrestricted funds and £3,715 related
to resth.cted funds.

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Icontd...
14. Debtors
2022
2021
Trade debtors
Prepayments and accruell income
Other debtors
2,320
14,071
1,099
3,110
13.767
858
£17,490
£17,735
15. Stock
2022
2021
Stock
£2,476
£Nil
16. C￿ditors. Amounts falling due within one year
2022
2021
Trade creditors
Other creditors
Accrued expenses
11,138
914
10,509
6,807
529
5,176
£22,561
£12,512
17. Creditor5- Arnounts falling due after more than one year
2022
2021
Grants in advance
£30,846
£Nil
Deferred income analysls
2022
2021
Asat1Jan
Additions d(Jnng the year=
Sutton Neighbourhood Grant (for roof works)
Lottery Grant (for horse Carriage)
Amounts released to income
21,363
10,000
(5171
As al 31 Dec
£30,846
£Nil
Deferred income of £30,846 {2021 £Nil) included at)ove related to grant income after amortised during
the year bul relating to future accounting periods.
The above two grants will be amortised over the correswnding depreciab.on period for the assets
purchased with the funds received.
21

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
IGontd...
18. Analysis of net assets
bètween funds
Fixed
assets
Current
assets
Current
liabilities
Long-term
Llabilities
Net
assets
2022
Unrestrirted Fund&
Restricted Funds
1.552.257
29,731
334.￿)2
{22.5611
130,8461
1,833,752
33,737
At 31 December 2022
£1,581,988
£338.908
£122.5611
£130,846)
£1,867,489
Comparative information for the analysis of net assets belween funds is as follows:
Analysis of net assets
between fvnds
Fixed
assets
Current
assets
Current
liabilities
Long-temi
Liabilitios
Net
Assets
2021
Unrestricted Funds
Restricted Funds
1.624.551
31,485
378,503
3.￿8
112,5121
1.990.542
35,393
At 31 December 2021
£1,656,036
£382,411
£112,512)
£Nil
£2,025,935
19. Movement in funds
Balance
brought
forward
Gainl(los$l
on
investments
Balance
carried
forward
2022
In¢ome
Expenditure
Transfers
Unrestricted fvnds
General
1,990.542
353.282
(335,0371
1176.7141
1.679
1.833,752
Restricted funds
Andrew Ballardie Trust
Other ￿Stricted reserves
28.087
7.306
1.679
55.617
11,7541
11,6791
26,333
7,404
155,519}
35.393
57.296
155.5191
11,7541
11,6791
33,737
£2,025,935
£410,578
£1390,5561
£1178.4681
£Nil £1,867,489

THE DIAMOND CENTRE FOR DISABLED RIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Icontd...
19.
ovement in funds ...Iconld
Comparats"ve infomalion for the analysis for the movement between fvnds is as follows:
Balance
brought
ft>rward
Gainlllossl
on
investments Transfers
Balance
carried
forward
2021
Income
Expenditure
Unre$trI￿ed funds
General
1,844,977
236.141
{316.3331
224.260
1,497
1.990,542
Restricted funds
Andrew Ballardie Trust
Other restricted reserves
24,372
7.306
1,497
100.231
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
£1416.564)
227,975
£Nil
£2,025.935
General Fund:
This unrestn.cted fund is available lo be spent for any of the PUTposes of the charity.
Restricted funds
Andrew Ballardie Trust
This is a fvnd established to provide an income sufficient to cover the costs of the
annual open day.
These represent the balan￿ of reslricted donations grants receivèd for specific
puwes. but not yet expended on Ihose purposes.
Other Restricted Funds
20.
RèlatÈd Party Transactions
The trustees received no remuneration and £2.327 (2021: £6(￿) reimbursed expenses during 2022 for
travel for 2 trustees12021= 11.
There were no related paty transactions in 2022 or 2021 other Ihan set out in Note 11 relating to employee
benefits received by key management personnel.
23