Charity registration number 1045970 (England and Wales) Company registration number 03042659 # THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES' ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## THE DIAMOND CENTRE FOR DISABLED RIDERS ## LEGAL AND ADMINISTRATIVE INFORMATION |Trustees|S J Axon (Vice-chair)|| |---|---|---| ||T Edwards|| ||C A Bedwell|| ||K Hobden|| ||AA Pfeifer (Treasurer)|| ||C F Snowdon (Chair)|| ||R Stuart|| ||M C Taylor|| |Secretary|AAPfeifer|| |Seniormanagement|M B Ray|Centre Manager| ||K Gordon|RDAHead Coach and Co-| |||ordinator| |Charity number(England and Wales)|1045970|| |Company number|03042659|| |Registered office|Woodmansterne Road|| ||Carshalton|| ||Surrey|| ||SM5 4DT|| |Telephone:|020 8643 7764|| |Email address:|admin@diamondcentre.org.uk|| |Web address:|diamondcentre.org.uk|| |Auditor|Kingston BurrowesAudit Ltd|| ||308 Ewell Road|| ||Surbiton|| ||Surrey|| ||KT6 7AL|| |Bankers|HSBC pic|| ||16 King Street|| ||Covent Garden|| ||London|| ||WC2E 8JF|| |Investmentadvisors|CCLAInvestment Management|| ||85 Queen Victoria Street|| ||London|| ||EC4V4ET|| THE DIAMOND CENTRE FOR DISABLED RIDERS CONTENTS Page Trustees, report Independenl auditorfs report 9-11 Slatement of financial acllvities 12 Balan￿ sheet 13 Statement of cash flows 14 Notes to the financial statements 15-29 THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The truste8s present their annual r8POrt and financial ststements for the year ended 31 December 2024. The Diamond Cerrtre for Disabled Riders, fihe Centre"} is based in Carshalton, Surrey and has been in operation since 1974. It is a member of the national Riding for Ihe Disabled Association {'RDA'). The charitable objects of the Centre as set out in its governing document is tho relief of disabled persons by ihe provision or assistance in the provision of facilities for riding as well as carriage driving (whether of horse pony or donkey drawn vehidesl so th8t all disabled persons who would benefit in their menlal or physical health from riding shall be given the opportunity to do so. These may have enabled disabled people wrth the opportunity to participate in a range of riding and non-riding equine activities to benefit their health and well-being and achieve their goals. It is now widely recognized that disabled people can benefit educationally, physically, and mentslly from riding or carriage driving and we will èncourage this leaming process and its progression. The Centre provides unique hor5e-riding facilities to benefit disabled children and adults by having regular contact with horses. In addition to horse-riding. we provide Carriage Driving, Vaulting, Hippo4herapy and Dressage and our aim is to be one of the best riding cenlres for the disabled in the country and to provide horse riding and related equine therapies for everyone that needs it in our area. Activities are provided by our staff. coaches, and volunteers, all of whom are fully qualified for their relevant tasks and attend Iraining courses related to providing horse riding for people with physical disabilty and leaming difficulties. Our most important P80ple are our participants and we are committed to ensuring our facilities and service will be maintained at th8 highest levels to provide every opportunity for every disabled person to achieve their goals. Our participants come from all age groups and eath week, with the assistance of our coaches and helpars, they can enjoy the experien￿ of a range of RDA activities. An experience which gives them the chance to be independent and a sense of athievement. We rely heavily on our volunteers and call on 300 active helpers each week. These volunteer5 are essential for the day-to4ay operation of the ￿ntre, and include Instructors. who undertake m05t of our riding classes, and other volunteers who so willingly asslst the riders and drivers in their lessons, not forgetting Ihe many hours they spend grooming our horsès and attending training courses. In addition, we have a team of volunteers who assisl so pleasantly In our Shop and Servery, a talented gardening team and the 'A-Team'. our skilled maintenance team. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable cx)mpany's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP "Accounting and Reporting by Charities.. Slatament of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" Objectives and activitie5 Publlc benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake. With an increasing number of people suffering from physical disabilities and leaming difficufties, Ihe public can benefit gr8atly from horse riding and carriage driving as a therapy. The Cenlre strives to accommodate this increasing demand by structuring lessons and activities to cater for as wide a range of clients as possible. The number of schools that ride at the centre has been maintained over the year which benefits not just of the riders but also the school's curriculum and the riderfs parents and carers. In addition to regular riding dasses during temi-time, an increasing number of other activities and events are held during the school holidays lo the benefit of the riders, families and ¢arers. THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and perfonnance Significant activilies and achievements agalnst oty'ectives We have a capacity to provide riding to 350 disabled individuals each week, comprising approximatety equal numbers of disabled indlvlduals and school groups. Throughout 2024 we operated at around 90Vo of capacity. The waiting list is actively managed, most are awaiting additional information or an assessment. RDA Com Regionals on the 29th May six riders attended the RDA Greater London Regional compelition at Ar￿)W RDA. securing four first places, one second and a fourth, with many of the riders qualifying fcff th8 national competition. We also came away with a first, second and third in the arts and craft competition. Nationals - on the 12th - 14th of July Team Diafflond went to the RDA Nalional Champion5hlps at Harty)ury. Eight riders competed in dressage and showjumping with two 8ntrant5 in the arts and craft competition. We won Iwo first places in dressage (with both winning overall champion in their class), a second in showjumping, two thirds in dressage and one in arts and crafts, as well as sixth and seventh place in showjumping. Virtual Nationals - Five of our riders look part in the RDA Virtual National Championships that were streamed between 15th-17th November 2024. Five riders took part and we came away with four first places and a s8cond plac8. Vaultin Our weekly Thursday aftemoon group is well attended by eight participants. oth Hippotherapy is offered by our in-house Physiotheraplst. and is offered to younger children for whom riding would not be appropriate. Each participant is offered a six-week course. wilh a maximum of 3 courses in total. We have 3 participants attending each week. The hope is that the Hippotherapy may lead on to participants beccming regular rlders. rria e Drivin This activity is currently on hold following the loss of our trained pony Daisy. We hope to resume when we are able to procure and train a suitable replacement pony. Non-Ridin We offer Ye8 with A Ponl, sessions for individuals, such as those with dementia. who benefit from in18r2ction with our horses and ponies. Sessions are carried out twice weekly. In addition, we have three weekly Horse Care group sessions. mainly for school age children within the Special Educational Needs seclions of both primary and secondary schools. Incom8 from non-riding activities was £4.000 in 2024, showing a significant growth from £225 in 2023. THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 l frastructurè Benefitting from recent legacy income, wa were able to continue our programme of updating our physical infraslructure. Completed projects included.. Resurfacing of our main driveway and creation of two disabled parking bays (£20,000). Resurfacing of main arena (partly grant funded £10k} (£34,000) Replacement windows for lecture room and flats (partly grant funded £8k) (£30,000) Replacement field shelter5 (£9,000) Upgrade to lecture room (grant funded) (£6,000) Pergola for sensory track, (grant funded)1£3,000) The above infrastructure works were written off as operational costs and included in the operating results for the year. SES Work on the 'SES How Green l Langley Park Pipeline" was completed. Following extensive negotiations With SES and their agents, we se¢ured a total payment of £40,677 as compensation for the additional costs incurred by the disruption of these works, including additional feed, bedding, staff time and costs still to be incurred in repairing the front field. Of this amount, £11,795 has not yet been accounted for as income, but has been deferred on our balance sheet as it relates to future costs to be incurred in 2025 and 2026. Horses We started 2024 with 23 horses. We sadly had to put down Scoop (August), Dom {Decernber) and Daisy {De￿Mber) but we acquired 3 new horses during the year- Newbie, Pea, and Phil. and we 2180 have Theo on trial. Therefore, at year end including Theo we had 24 horses. Liz Hedge resigned in December 2024 after a long period of absence through ill health. We wish LE all the best for the future. Ffion Curtis passed BHS Stage 2 Coach AssessTnenl and BHS Stage 3 Lunge" Amelia Mccarthy passed BHS Stag8 3 Lunge & Care., Maz Ray passed BHS AdVan￿d Coach and BHS Stage 5 Long Lunging. Stsff remuneration 15 reviewed annually by th8 Board of Truslees, having tsken into consideration the rate of inflation, employment market conditions as well a5 performance. Remuneration for new staff is also approved by ihe Board of Trustees. Trustees There were no changes to the Board since the last Trustees Annual Report. Aggregats total donations by members of the Board wer8 £1,512. A Volunteer Working Group was set up in January 2023 to improve volunteer recruitment and rètentiC￿. A Volunteer Thank You Event was held in June 2024. and was wo11 received by those who attended. Volunteers were presented with 'Diamond' badges and certificates according to how long they had been volunteering. While we cannot presently offer supported placements, we are proud to have several disabled volunteers in our weekly rotas. Non-Disabled R. We continued to provide lessons for non-disabled riders, and welcomed non-volunteer riders, Subject to an initial assessment. The non-disabled riding lessons benefitted the charity in several ways. Firsuy, by keeping the horses exercised and schooled, without requiring staff. Secondly, by generating £45,000 of Incom812023= £47,000) in th8 year. And thirdly, by promoting Diamond in our local community. generating interest from new riders in becoming future volunteers. THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 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 community, as well as our volunteers and corporate donors. Our thanks go to all who supported us this year, without whom we would not be ab￿ to continue providing our services to the disabled commLfnity. Our aim Is always to keep riding affordable and we continue to heavily subsidise all our riding aclivities from income and donations. Fundralslng & Events Our main one-off event was again our Autumn Fair, held on the last Sunday in Sèptember. This was attended by an estimated 3,000 visitors, and generated a profit of over £22,000 (2023.. £20,000)- We were grateful for sponsorship of £1,000 from Ihe Suffey Masonic Sports Associalion. We organised several further events, including: 50th Celebration Party at Oaks Golf Club in May. raising over £1,200. We had a lovely evening of fvn, dancing, and sharing memories. A massive thank you to the fundraising team for organising such a special event. "Sunset Evening. at Mayfield Lavender Fami, in July was another fundraising success. Unfortunately. there was no sunset but The Banstead Show Choir an(1 the Madder Mill Molly MO￿1$ Dancers put on an arnazing show. and an enjoyable 8V8ning was had by all. Our thanks to Mayfield Lavender Farm for their generous support. Long reigning demonstration in May, with Sarah MacDonald. It was great to leam about a new activity and watch the staff show off Iheir skills. Multiple successful fundraising and oulreach events at the Banstead Rotary Village Fair. the Belmont Festival and the ChurGh of Good Shepherd Mldsummer Falr. In May a group from Diamond took part in an 8.&mile circular walk in the North Downs a sponsored walk, organised by Banstead Rotary and raised money for Diamond. The annual Carshalton Beeches Garden Club Plant Exchange raised over £1,700 for Diamond. In addition, our Servery, now upgraded with a vending machine. raised over £1,300. Totsl fundraislng expenditltre was £18.141 and direct Income from fijndraising was £52,266. Trustees believe the amounL of expenditure was entirely appropriate and proportionate in relation to the related income. in Total donations & horse sponsorship was £103,974 (2023." £99.308). We were very grateful for all donations and wish to note with gratibjde the following non-personal donations of £5,000 and over. Bryan & Julie Amos Foundation £10.000 Apax Foundation £5,100 Total grant income shown in the Statement of Financial Activities includes two grants received in 2022, which were used to invest in capital projeds, being (i) Sutton Neighbourhood Fund (£21,363) for outbuilding roof improvements, and (li) Lottery Grant (£10,000) for a horse carriage. Whilst both grants had previously been amortised over the corresponding depreciation period for the assels purchased, given the absence of any performance related conditions, the full In￿Me has now bean recognis8d in th8 Stat8m8nt of Financial Activitiès. This has resulled in net income for the year of £28.778. Other significant income from grants includèd releas8 of grants received in the prior year for the arena resurfacing project (£22,600) and the lecture room upgrade (£14,837). Total income from grants was £73.232 (2023. £2,068). We were extremely gratefvl lo receive legacies of £33.013 in the year, including £28.013 from the estate of Marian Larner and £5.000 from the estate of Elizabeth Kent. THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnancial review The charity's financial position at the end of the year ended 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows: . 2024 2023 Net income l (expenditure) £44,611 £237,587 Unrestricted Revenue Funds Restricted Revenue Funds 2,108,085 41.602 2.072,118 32,958 Total Funds £2,149,687 £2,105,076 Flnancial review of the position at the reporting date, 31 December 2024 The Net income l expenditure shown In the table al)ove can be further broken down as follows: 2024 £ (22,5201 2023 £ (84,699) N8t operating result before legacy incorne & investments On&off legacy income Rèvaluation of investments £33.013 £34,118 £199.577 £ 122,709 Net income l (expenditure) £44,611 £237,587 The operating result from core operations before one-off legacy income and investment accounting was hlgher than the previous year, by £62,179. This was mainly due to higher income from grants. Nel incom8 was positively affected in 2024 by a positive revaluation of investments of £34,118 {2023.' £122,709>. Our CCLA fund, which represents 98 /0 of our investment portfolio recorded a 50A increase in th8 year. 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 infraslruclure further to mainlain a safe, secure and sustainable operation. Trustees mainlain an ongoing objective of delivering a balanced operaling budget (excluding one4)ff legacies), while utilising reserves and legacy income to upgrade and enhance our horse riding and relatsd facilities. In relation to unrestricted reserves. the amount freely available for usè, exclusiva of thè carrying value of tangible fixed assets, is £1,890.982. Given the charity's risks, and its obligations in relation to maintsining ageing infrastructure, the Trustees believe this amount also represents an appropriate target. Avallablllty and adoquacy of assets of each of the funds The Board of Trustees is satisfied that the CharIt￿S assats In each fund ar6 available and adequate lo fulfil its obligations in respect of each fund. THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investment policy and Investment objectives The investmerrt objeclive is to seek a total retum composed of capital gains and income sufficient to preserve the real value of the portfolio against infiation, wllh a focus on income utilising a balanced and diVe￿Ir1ed blend of assets with a medium risk profile. Prln¢lpal rlsks and uncertainties The Trustees are cognisant of several material risk5 facing the Centre, and this is r8fflected in the conservativ8 res8Nes policy adopted. Risks and uncertainties include (il health of our horses, wh8re for example a contagious disease could significantly interrupt our programme of activities, (li) damage lo our infrastructure caused by adverse weather, stom, fire, or other Gauses. (iii) unforeseen building and maintenance costs on our ageing physical infrastructure (iv) accident or other incident which causes personal injury and repLrtational damage. Plans for future periods While no significant changes are planned to the scope and nattjre of operations Trust8es are planning further infrastructure upgrades, including re-building of horse boxes. creallon of a "Pony Cornerf area for non-riding activities. and creation of a hard surface track at Croydon Lane to enable easier vehlcle access to our grazing fields. structure, governance and management The charitsble company is a company limited by guarantee. Under the Constitutior) and Articles of As50cialion of The Diamond Centre for Disabled Riders, the Trustees are ultimat81y responsible for all aspects of governance- for ensuring the aims of the chaiity are upheld. ov&rseeing strategy., safeguarding the charities assets,. development and ensuring the charity is sustainable. The trustees. who are also the directors for the PUTPOSè of company law, and who served during the year and up to the date of signature of the financial statements were: SJAxon T Edwards CA Bedwell K Hobden AA Pfeifer C F Snowdon R Stuart M C Taylor THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The methods used to recrult, appolnt, and Induct new charlty trustees When new or addilional trustees are recruited, they are elected by the Members or cTropted by the Trustees. All Trustees are also Mernbers, and support the Objects of the charity. as set out above. The Trustees retire at each Annual General Meeting {"AGM°) of the tharity. Trustees may then Stand again and may be reappointed by the Members. Co-opted Trustees hold office until the next AGM, when they retire but may stand as Trustees and put themselves forward for election by the Members. Induction of new Trustees includes education on govemance responsibilities including Charity Commission guidance. New Trustees are also expected to complele RDA learning modules on govemance and safeguarding. None of the trustees has any beneficial interest in the company. All of Ihe trustees are members of the company and guarantse to contribute £1 in the event of a winding up. Company Name The legal name of th8 charity is The Diamond Centre for Disabled Riders. Charlty Reglstrauon Numbor The charity is reglster8d in England & Wales with Ihe Charity Commission with charity number 1045970. Legal structure of the charlty The governing document of the charfty is the Memorandum and Articles of Association establishing the company under company legislation. The company registration number is 03042659. The Governing Document is dated 6 April 1995 as amended by special resolution on 17 April 2020 and 28 April 2005. By operation of law all Iwstees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities under both company and charity legislation. Declslon maklng and delegatlon ot authority The day-to-day management of the centre is devolved to the Centre Manager and Staff. The Chair, Mce-chair and Treasurer maintain close contact on a weekly ba51S to support Ihe Centre Manager. Membership As at 31 December 2024 the Centre had 78 members {2023: 92). Membership is open to those supporting the Centr8's work. Statement of trustees, responsibilities The trustees, who are also the directors of The Diamond Centre for Disabled Riders for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicabl8 law and United Kingdom Accounting Slandards (United Kingdom Generally AC￿Pted Accounting Practice). Company law requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incorning resources and application of ￿SOUrCes, including the income and expenditure, of the charStable company for that y88r. In preparing these financial statements, the trustees are required to.. select suitable aGttiunting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 {FRS 102). make judgements and estimates that are reasonable and prudent- state whether applicable UK Accounting Stsndards have been followed. subject to any material departures disclosed and explained in the financial statements- and prepare the financial ststements on the going concern basis unl8SS it is inappropriate kn presume that the charitable company wlll continu8 in operation. THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable cornpany and enable them to 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 staps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the companls artides, a resolulion proposing that Kingston Burrowes Audit Ltd be reappointed as auditor of the company will be put al a General Meeting. Statement as to dlsc108ure of infomiation to auditors Each of the trustees has confimied that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have tsken appropriate st8PS to identify such relevant Infomiation and to establish that the auditor is aware of such infomiation. In preparing Ihis report. the Trustees have tsken advantage of the small companies exemptions promded by section 415Aof the CompaniesAct 2006. Th8 trustees. report was approved by the Board of Trustees. C F Snowdon Chair 1 May 2025 THE DIAMOND CENTRE FOR DISABLED RIDERS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE DIAMOND CENTRE FOR DISABLED RIDERS Oplnion We have audited the financial ststements of The Diamond Centre for Disabled Riders (the 'chaTitabb company'l for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applKable in the UK end Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the slate of the charitable companls affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance wrth United Kingdom Generally A￿pted Accounting Practi￿. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilit￿S for the audit or fhg 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 ststements in the UK, including the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilit18s in accordance with these requirements. We believe thal 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 financial statements, we have concluded that the trustees. use of the going concem basis of armunting in the preparation of the financial statements is appropriate. Based on tha work we hav6 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going ￿n￿rn for a period of at least twelve months from when the financial statements are aulhoris8d for issue. Our responsibililies and the responsibilities of the trustees with respect to going concem are described in the relevant S8ctsons of this report. Other Informatlon The other infomiation comprises the information included in the annual report other than the financial stalements and our auditovs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and 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 information is materially inconsistent with the financial statements or our knowledge obtained in the Course of the audit, or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material misstatements, we are required to d8temiine whether this gives rise to a material misstatement In the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomation, we are required to raport 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 worf( undertaken in the course ofthe audit.. the information giv8n in th8 trustees, report which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements., and the directors, report included within the trustees, report has been prepared in accordance with atplicable legal requirements. THE DIAMOND CENTRE FOR DISABLED RIDERS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE DIAMOND CENTRE FOR DISABLED RIDERS Irregularilies, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detecl material misstatements in respecl of irregularÉties, induding fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detsiled below= Enquiry of management and those charged with governance about actual and potential litigation or daims and the identification of non-complianGe with laws and regulations. Reviewing minutes of meetings of those charged with governance. Reviewing financial statement disclosures and testing lo supporting documentation to assess compliance with applicable laws and regulations. Auditing Ihe risk of management override of controls, including testing joumal entries and other adjustments for approprialeness,. assessing whether the judgements made in making accounting estimates are indicative of a polenlial bias; and evaluating the business rationae 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 misstatement due to fraud. Professional scepticism in course of the audit and with audit sampling in material audit areas. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a malerial misstalement in the financial statemenls or non arising on: Revaluation of investments 33,361 757 34,118 123,408 (699) 122,709 14 Taxatlon The charity is exempt from laxation on its activrtiés because all its income 16 applied for charitable purposes. -22- THE DIAMOND CENTRE FOR DISABLED RIDERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Tanglble flxod assets Froohold land and bulldlngs Plant and equlpment Total vehl¢les Cost At 1 Janu8ry 2024 Additions Disposals 633,627 306.219 2,001 (3,250) 36,465 976,311 2,001 (3,250) At 31 December 2024 633,627 31)4.970 36.465 975,062 Depreciatlon and impalrnient At 1 January 2024 Deprecialion charged in the year Eliminated in respect of disposals 520,835 3,076 181.T16 19,057 (3,250) 36.248 217 738,859 22,350 (3,250) At 31 December 2024 523.911 197.583 36.465 757.959 Carrying amount At 31 December 2024 109,716 107,387 217,103 At 31 December 2023 112,792 124,444 217 237,453 16 Flxed asset Invesknents Listed Inveslments Cost or valuatlon At 1 January 2024 Additions Valuation changes 1.495,429 200,000 34,119 At 31 De￿rnber 2024 1,729,548 Carrying amount At 31 December 2024 1,729,548 At 31 December 2023 1.495,429 Thé historic cost of listed investments at 31 December 2023 was £1,583,90512022 . £1,383,905). 17 Stocks 2024 2023 Finished goods and goods for resale 1,794 2.769 -23- THE DIAMOND CENTRE FOR DISABLED RIDERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Debtors 2024 2023 Amounts falling due within one year. Trade debtOTS Prepayments and a￿rUed Income 3,049 27.890 1,098 65,889 30.939 66,987 19 Crodltors: amounts falling due within one year 2024 2023 Notes Deferred income Trade creditors other creditors Accruals 21 31,448 7,659 2,331 4,476 39,506 54,194 5,400 45.914 99,100 20 Creditor5: amounts falllng due after more than one year 2024 2023 Notss Deferred income 21 3,747 26,709 21 Deferred Income 2024 2023 other deferred income 35,195 66,215 Deferred incom8 is included in the financial ststements as follows= 2024 2023 Déferred income is included within- Current liabilities Non in stocks Decrease1(inc￿ase) in debtors {DecreaseYincrease in creditors {Decr8aseYincr8ase in deferred incom8 975 36,048 (45,128) (31,020) {293) (49,497) 37,033 35,369 Cash (absorbed by)Igenerated from operatlons (62,612) 114,820 29 Analysis of changes in net funds The ¢*arit8ble company had no mat8rial debt during the y8ar. -29-