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← The Diamond Centre For Disabled Riders

2025-12-31-accounts

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 2025

THE DIAMOND CENTRE FOR DISABLED RIDERS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S JAxon (Vice-chair)
T Edwards
CA Bedwell
K Hobden
AA Pfeifer (Treasurer)
C F Snowdon (Chair)
R Stuart
MC 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 86437764
Email address: admin@diamondcentre.org.uk
Web address: diamondcentre.org.uk
Auditor Kingston BurrowesAudit Ltd
308 Ewell Road
Surbiton
Surrey
UK
KT6 7AL
Bankers HSBC plc
16 King Street
Covent Garden
London
WC2E 8JF
Investmentadvisors CCLA Investment Management
85 Queen Victoria Street
London
EC4V4ET

THE DIAMOND CENTRE FOR DISABLED RIDERS

CONTENTS

Page
Trustees’ report 1-7
Independent auditor's report 8-10
Statement offinancial activities 11
Balance sheet 12
Statement ofcash flows 13
Notestothefinancialstatements 14-28

THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the year ended 31 December 2025.

Introduction

The Diamond Centre for Disabled Riders, (“the Centre”) is based in Carshalton, Surrey and has been in operation since 1974. It is a member of the national Riding for the Disabled Association (“RDA”).

The Centre provides unique horse-riding facilities to benefit disabled children and adults by having regular contact with horses. In addition to horse-riding, we provide Carriage Driving, Vaulting, Hippo-therapy and Dressage and our aim is to 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 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 training courses related to providing horse riding for people with physical disability and leaming difficulties.

Our most important people are our participants and we are committed to ensuring our facilities and service will be maintained at the highest levels to provide every opportunity for every disabled person to achieve their goals. Our participants come from all age groups and each week, with the assistance of our coaches and helpers, they can enjoy the experience of a range of RDA activities. An experience which gives them the chance to be independent and a sense of achievement.

We rely heavily on our volunteers and call on 300 active helpers each week. These volunteers are essential for the day-to-day operation of the 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 forgetting the many hours they spend grooming our horses and attending training courses. In addition, we have a team of volunteers who assist 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 company'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: Statement 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 102)”.

Objectives and activities

The charitable objects of the Centre as set out in its governing document is the relief of disabled persons by the provision or assistance in the provision of facilities for riding as well as carriage driving (whether of horse pony or donkey drawn vehicles) so that all disabled persons who would benefit in their mental or physical health from riding shall be given the opportunity to do so. These may have enabled disabled people with 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 mentally from riding or carriage driving and we will encourage this leaming process and its progression.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake on public benefit.

With an increasing number of people suffering from physical disabilities and learning difficulties, the public can benefit greatly from horse riding and carriage driving as a therapy. The Centre 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 rider's parents and carers. In addition to regular riding classes during term-time, an increasing number of other activities and events are held during the school holidays to the benefit of the riders’ families and carers.

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THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

Significant activities and achievements against objectives

Horse Riding

We have a capacity to provide riding to 350 disabled individuals each week, comprising approximately equal numbers of disabled individuals and school groups. Throughout 2025 we operated at around 90% of capacity. The waiting list is actively managed, most are awaiting additional information or an assessment.

RDA Competitions

RDA Regional Championship: Four riders competed at the RDA Showjumping Regionals, held at Diamond with three qualifying for the RDA Nationals. Nine riders competed in Dressage and Countryside Challenge at the RDA Regionals, held at Arrow RDA on 28/06/25. All nine riders qualified and all but one went on to compete at RDA Nationals. RDA National Championship: 14 riders competed at the RDA Nationals, held at Hartpury on 41/07/25-13/07/25. (15 entries as one rider qualified for Showjumping and Dressage). Three riders were entered for RDA Endurance and were selected/invited as all three were either close to qualifying for Regionals or went to Regionals and did not qualify.

Vaulting

Our weekly Thursday afternoon group is well attended by five participants.

Hippotherapy Hippotherapy is offered by our in-house Physiotherapist, and is offered to younger children for whom riding would not be appropriate. Each participant is offered a six-week course, with 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 becoming regular riders.

Carriage Driving

This activity is currently suspended indefinitely due to lack of a trained pony, as well as availability of qualified staff. Trustees will continue to keep this situation under review.

Non-Riding Activities

We offer “Tea with A Pony” sessions for individuals, such as those with dementia, who benefit from interaction with our horses and ponies. Sessions are carried out twice weekly. In addition, we have five weekly Horse Care group sessions, mainly for school age children within the Special Educational Needs sections of both primary and secondary schools. Income from non-riding activities was over £11,000 in 2025, showinga significant growth from £4,000 in 2024.

Infrastructure

Benefitting from legacy income and generous personal and corporate donations, we continued our programme of updating our physical infrastructure. The main two projects completed this year were:

Horses

We started 2025 with 23 horses. We sadly had to put down Delilah (Feb), Fudge (July) and Thomas (Nov) while Theo was sold (July) as neither were suitable for RDA lessons. We acquired 4 new horses during the year; Annie and Bessie (March), Maggie and Piper (Oct). Therefore, at year end we had 23 horses.

Staffing

There were no changes to staff during the year. Kate Gordon passed her RDA advanced coach course Maz Ray is now on the Greater London Regional committee as Equine Lead. Maz and Ffion Curtis passed their BHS Coaching4All course.

Staff remuneration is reviewed annually by the Board of Trustees, having taken into consideration the rate of inflation, employment market conditions as well as performance. Remuneration for new staff is also approved by the Board of Trustees.

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THE DIAMOND CENTRE FOR DISABLED RIDERS

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Trustees

There were no changes to the Board since the last Trustees Annual Report. Aggregate total donations by members of the Board and their related parties were £3,558.

Volunteers

A Volunteer Thank You Event was held in June 2025, and was well 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 Riding

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 charitable company in several ways. Firstly, by keeping the horses exercised and schooled, without requiring staff. Secondly, by generating £42,000 of income (2024: £45,000) in the year. And thirdly, by promoting Diamond in our local community, generating interest from new riders in becoming future volunteers.

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 able to continue providing our services to the disabled community. Our aim is always to keep riding affordable and we continue to heavily subsidise all our riding activities from income and donations.

Fundraising & Events

Events

Our main one-off event was again our Autumn Fair, held on the last Sunday in September. This was attended by an estimated 3,000 visitors, and generated a profit of over £23,000 (2024: £22,000). We were grateful for sponsorship of £1,000 from the Surrey Masonic Sports Association.

We organised several further events, including an inaugural Diamond Showcase Day on 31/05/25. It was an opportunity to show the public and the local community some of the activities that take place at Diamond. The event was successful, raising nearly £2,000, while the event resulted in three new horse sponsorships being taken up.

Total fundraising expenditure was £13,580 and direct income from fundraising was £47,529. Trustees believe the amount of expenditure was entirely appropriate and proportionate in relation to the related income.

Donations (incl horse sponsorship)

Total donations & horse sponsorship was £118,411 (2024: £103,974). We were very grateful for all donations and wish to note with gratitude the following non-personal donations of £5,000 and over:

e Sue Thomson Foundation £5,000

Grants

Income from grants was £90,699 (2024: £73,232). The majority of grants were to fund the Middle Boxes and Horsey HQ works in the summer. The following grants over £5,000 were received:

Legacies

We were extremely grateful to receive legacies of £36,136 in the year, including £11,496 from the estate of Dennis Towers, £17,319 from the estate of MR Annison, £5,000 from the estate of D. Causley and £2,000 from the estate of G.Fell.

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THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 ieg Financial review The charitable company's financial position at the end of the year ended 31 December 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows: -

2025 2024
Net income / (expenditure) £17,535 £44,611
Unrestricted Revenue Funds 2,119,421 2,108,085
Restricted Revenue Funds 47,801 41,602
TotalFunds £2,167,222 £2,149,687

Financial review of the position at the reporting date, 31 December 2025

The Net income / expenditure shown in the table above can be further broken down as follows:

2025 2024
Net operating result before legacy income and net gains/
(losses) on investments		 £ 57,601 £ (22,520)
One-offlegacy income £36,136 £33,013
Revaluation of investments £ (76,202) £34,118
Netincome/(expenditure) £17,535 £44,611

The operating result from core operations before one-off legacy income and investment accounting was higher than the previous year, by £80,121. This was mainly due to the capitalisation of the maintenance project carried out in 2025 — installation of new Middle Boxes and “Horsey HQ” area for non-riding activities.

Net income was adversely affected in 2025 by devaluation of investments of £76,202 (2024: £34,118 revaluation). Our CCLA fund, which represents 98% of our investment portfolio recorded a 5% decrease in the 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 infrastructure further to maintain a safe, secure and sustainable operation. Trustees maintain an ongoing objective of delivering a balanced operating budget (excluding one-off legacies), while utilising reserves and legacy income to upgrade and enhance our horse riding and related facilities.

In relation to unrestricted reserves, the amount freely available for use, exclusive of the carrying value of tangible fixed assets, is £1,806,212. Given the charitable company’s risks, and its obligations in relation to maintaining ageing infrastructure, the Trustees believe this amount also represents an appropriate target.

Availability and adequacy of assets of each of the funds

The Board of Trustees is satisfied that the charitable company's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

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THE DIAMOND CENTRE FOR DISABLED RIDERS

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Investment policy and investment objectives

The investment objective is to seek a total return composed of capital gains and income sufficient to preserve the real value of the portfolio against inflation, with a focus on income utilising a balanced and diversified blend of assets with a medium risk profile.

Principal risks and uncertainties

The Trustees are cognisant of several material risks facing the Centre, and this is reflected in the conservative reserves policy adopted.

Risks and uncertainties include (i) health of our horses, where for example a contagious disease could significantly interrupt our programme of activities, (ii) damage to our infrastructure caused by adverse weather, storm, fire, or other causes, (iii) unforeseen building and maintenance costs on our ageing physical infrastructure (iv) accident or other incident which causes personal injury, (v) curtailment of grazing fields requiring costly acquisition or rental of alternative land, and (vi) reputational damage.

Plans for future periods

While no significant changes are planned to the scope and nature of operations Trustees are planning further infrastructure upgrades, including re-surfacing of the main stable block. Key priorities are to ensure continuity of grazing fields and continuing to expand our educational offering in non-riding activities.

Structure, governance and management

The charitable company is a company limited by guarantee.

Under the Constitution and Articles of Association of The Diamond Centre for Disabled Riders, the Trustees are ultimately responsible for all aspects of governance; for ensuring the aims of the charitable company are upheld, overseeing strategy; safeguarding the charitable companies' assets; development and ensuring the charitable company is sustainable.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

S J Axon

T Edwards

C A Bedwell

K Hobden AA Pfeifer C F Snowdon R Stuart M C Taylor

‘

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THE DIAMOND CENTRE FOR DISABLED RIDERS TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The methods used to recruit, appoint, and induct new charitable company trustees

When new or additional trustees are recruited, they are elected by the Members or co-opted by the Trustees. All Trustees are also Members, and support the Objects of the charitable company, as set out above. The Trustees retire at each Annual General Meeting (“AGM”) of the charitable company. 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 governance responsibilities including Charity Commission guidance. New Trustees are also expected to complete RDA e-learning modules on governance and safeguarding.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Company Name

The legal name of the charitable company is The Diamond Centre for Disabled Riders.

Charity Registration Number The charitable company is registered in England & Wales with the Charity Commission with charity number 1045970.

Legal structure of the charitable company

The governing document of the charitable company 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. 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.

Decision making and delegation of authority

The day-to-day management of the centre is devolved to the Centre Manager and Staff. The Chair, Vice-Chair and Treasurer maintain close contact on a weekly basis to support the Centre Manager.

Membership

As at 31 December 2025 the Centre had 76 members (2024: 78).

Membership is open to those supporting the

Centre'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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which 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 expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

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THE DIAMOND CENTRE FOR DISABLED RIDERS

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Kingston Burrowes Audit Ltd be reappointed as auditor of the company will be put at a General Meeting.

Statement as to disclosure of information to auditors

Each of the trustees has confirmed 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 taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

The trustees' report was approved by the Board of Trustees.

AA Pfeifer Treasurer

C F Snowdon Chair

10 April 2026

= Tix

THE DIAMOND CENTRE FOR DISABLED RIDERS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE DIAMOND CENTRE FOR DISABLED RIDERS

Opinion

We have audited the financial statements of The Diamond Centre for Disabled Riders (the ‘charitable company’) for the year ended 31 December 2025 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 their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of lreland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis 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 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 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 financial statements, we have concluded 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 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 concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's 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 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 the work we have performed, we conclude that there is a material misstatement of this other 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 audit:

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THE DIAMOND CENTRE FOR DISABLED RIDERS

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE DIAMOND CENTRE FOR DISABLED RIDERS

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 identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, 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 misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, 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 material misstatement when it exists. Misstatements can arise from fraud or error and are considered material 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.

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THE DIAMOND CENTRE FOR DISABLED RIDERS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE DIAMOND CENTRE FOR DISABLED RIDERS

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements 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 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 concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. —

Kevin Fisher BA FCA CTA (Senior Statutory Auditor)

For and on behalf of Kingston Burrowes Audit Ltd, Statutory Auditor

308 Ewell Road

Surbiton

Surrey KT6 7AL UKDate: 26/4/26... Kingston Burrowes Audit Ltd is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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THE DIAMOND CENTRE FOR DISABLED RIDERS

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 111,015 100,831 211,846 144,209 66,010 210,219
Charitable activities 4 222,624 33,400 256,024 220,260 - 220,260
Other trading activities 5 55,779 - 55,779 59,341 - 59,341
Investments 6 52,633 1,911 54,544 54,510 1,820 56,330
Total income 442,051 136,142 578,193 478,320 67,830 546,150
Expenditure on:
Raising funds 7 13,442 138 13,580 17,864 277 18,141
Charitable activities 8 421,892 48,984 470,876 478,268 39,248 517,516
Total expenditure 435,334 49,122 484,456 496,132 39,525 535,657
Net gains/(losses) on
investments 13 (81,364) 5,162 (76,202) 33,361 757 34,118
Net income/(expenditure) (74,647) 92,182 17,535 15,549 29,062 44,611
Transfers between
funds 85,983 (85,983) - 20,418 (20,418) -
Net movement in
funds 10 11,336 6,199 17,535 35,967 8,644 44,611
Reconciliation offunds: Sar ‘
Fund balances at 1 January
2025 2,108,085 41,602 2,149,687 2,072,118 32,958 2,105,076
Fund balances at 31
December2025 2,119,421 47,801 2,167,222 2,108,085 41,602 2,149,687

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 28 form part of these financial statements.

iy

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THE DIAMOND CENTRE FOR DISABLED RIDERS

BALANCE SHEET

AS AT 31 DECEMBER 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 15 313,209 217,103
Investments 16 1,653,346 1,729,548
1,966,555 1,946,651
Current assets
Stocks 17 1,443 1,794
Debtors 18 26,826 30,939
Cash at bank and in hand 253,006 219,964
281,275 252,697
Creditors: amounts falling due within 19
oneyear (80,608) (45,914)
Net current assets 200,667 206,783
Total assets less current liabilities 2,167,222 2,153,434
Creditors: amounts falling due after
morethan one year 20 - (3,747)
Net assets 2,167,222 2,149,687
The funds ofthe charitable company
Restricted income funds 23 47,801 41,602
Unrestricted funds 24 2,119,421 2,108,085
2,167,222 2,149,687

The notes on pages 14 to 28 form part of these financial statements.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 10 April 2026

AA Pfeifer Treasurer

C F Snowdon Chair

Company registration number 03042659 (England and Wales)

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THE DIAMOND CENTRE FOR DISABLED RIDERS

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

==> picture [461 x 287] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from/(absorbed|by)|28| |operations|121,249|(62,612)| |Investing|activities| |Purchase|of tangible|fixed|assets|(142,751)|(2,001)| |Purchase|of investments|-|(200,000)| |Investment|income|received|54,544|56,330| |Net|cash|used|in|investing|activities|(88,207)|(145,671)| |Net|cash|generated|from|financing|activities|-|-| |Net|increase/(decrease)|in|cash|and|cash| |equivalents|33,042|(208,283)| |Cash|and|cash|equivalents|at|beginning|of year|219,964|428,247| |Cash|and|cash|equivalents|at|end|of year|253,006|219,964| |The|notes|on|pages|14|to|28|form|part|of these|financial|statements.|

----- End of picture text -----

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THE DIAMOND CENTRE FOR DISABLED RIDERS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

a 1Accounting policies

Charitable company information

The Diamond Centre for Disabled Riders is a private company limited by guarantee incorporated in England and Wales. The registered office is Woodmansterne Road, Carshalton, Surrey, SM5 4DT.

The financial statements have been prepared in accordance with the charitable company'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: Statement 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 102)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment assets and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.

1.4 Income Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

(Continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 5% - 10% straight line. Land not depreciated. Plant and equipment 10% - 20% straight line Motor vehicles 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7. Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

1.9 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

-15-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.11 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 72,212 46,199 118,411 66,742 37,232 103,974
Legacies 36,136 - 36,136 33,013 - 33,013
Grants 2,667 54,632 57,299 44,454 28,778 73,232
111,015 100,831 211,846 144,209 66,010 210,219
Income from charitable activities
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Riding fees and Restricted grants
income 155,023 33,400 188,423 136,289 - 136,289
Courses and lessons
Income 55,839 - 55,839 51,605 - 51,605
Special events
Income 3,340 - 3,340 2,760 - 2,760
Sundry receipts
Other income 8,422 - 8,422 29,606 - 29,606
222,624 33,400 256,024 220,260 - 220,260

4 Income from charitable activities

-17-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

5 Income from other trading activities

.

==> picture [436 x 105] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |£|£| |Fundraising|events|47,529|52,266| |Letting|8,250|7,075| |Other trading|activities|55,779|59,341|

----- End of picture text -----

6 Income from investments

==> picture [436 x 268] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |funds|funds|funds|funds| |2025|2025|2025|2024|2024|2024| |£|£|£|£|£|£| |Income|from|listed| |investments|47,945|1,911|49,856|43,567|1,820|45,387| |Interest|receivable|4,688|-|4,688|10,943|-|10,943| |52,633|1,911|54,544|54,510|1,820|56,330| |Expenditure|on|raising|funds| |Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |funds|funds|funds|funds| |2025|2025|2025|2024|2024|2024| |£|E|£|£|£|£| |Fundraising|and|publicity| |Fundraising|events|6,517|138|6,655|9,920|277|10,197| |Servery|purchases|6,925|-|6,925|7,944|-|7,944| |13,442|138|13,580|17,864|277|18,141|

----- End of picture text -----

7 Expenditure on raising funds

All the expenditure on raising funds are direct costs for both 2025 and 2024.

-18-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

8 Expenditure on charitable activities

|

Riding and Riding and
carriage carriage
driving driving
2025 2024
£ £
Direct costs
Staff costs 189,030 166,622
Training and instruction 8,453 3,724
Upkeep ofponies 47,485 53,119
Special events 2,416 2,737
Agricultural vehicle costs 11,131 5,574
Driving group - 150
258,515 231,926
Share ofsupportand governance costs (see note 9)
Support 212,361 285,590
470,876 517,516
Analysis byfund
Unrestricted funds 421,892 478,268
Restricted funds 48,984 39,248
470,876 517,516

= 19-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

9 Support costs allocated to activities

9 Support costs allocated to activities
2025 2024
£ £
Staff costs 64,851 60,138
Depreciation 46,645 22,350
Rent, rates and water 8,830 4,519
Sundry costs (including staffand volunteers costs) 5,110 9,189
Light, heatand power 13,413 17,252
Maintenance ofpremises 17,667 122,088
Groundsmen and cleaning 8,387 7,391
Maintenance and hire ofequipment 5,860 5,741
Insurance 24,825 22,260
IT, licenses and, subscriptions and memberships 5,801 4,698
Bankcharges 2,548 1,749
Postage, stationeryand copying 918 1,262
Telephone 1,932 1,553
Governance costs 5,574 5,400
212,361 285,590
Analysed between:
Riding and carriage driving 212,361 285,590
10 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable forthe audit ofthe charitable company'sfinancial statements 3,774 3,600
Depreciation ofowned tangiblefixed assets 46,645 22,350
Groundrent,ratesandwater 8,830 4,519

11. ~+=Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year and previous year.

No trustees expenses have been incurred during the year and the previous year.

12 Employees

The average monthly number of employees during the year was:

==> picture [96 x 43] intentionally omitted <==

----- Start of picture text -----
2025 2024
Number Number
11 11
----- End of picture text -----

-20-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

12 Employees (Continued)
Employment costs 2025 2024
£ £
Wages and salaries 232,145 208,246
Social security costs 13,382 10,765
Other pension costs 8,354 7,749
253,881 226,760
2025 2024
Average number ofemployees number number
Full-time 6 6
Part-time 5 5
11 11

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel The remuneration of key management personnel was as follows:

2025 2024
£ £
Aggregate compensation 78,073 71,877
13. Gains and losses on investments
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Gains/(losses) arising on: £ £ £ £ £ £
Revaluation of
investments (81,364) 5,162 (76,202) 33,361 757 34,118

14 Taxation

The charitable company is exempt from taxation on its activities because all its income is applied for charitable purposes.

24m

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

15 Tangible fixed assets
Freehold land Plantand Motor Total
and buildings equipment vehicles
£ £ £ £.
Cost
At 1 January2025 633,627 304,970 36,465 975,062
Additions
Disposals		 98,156
-		 24,500
(9,600)		 20,095
-		 142,751
(9,600)
At 31 December2025 731,783 319,870 56,560 1,108,213
Depreciation and impairment
At 1 January 2025 §23,911 197,583 36,465 757,959
Depreciation charged in theyear 5,089 41,556 - 46,645
Eliminated in respectofdisposals - (9,600) - (9,600)
At 31 December 2025 529,000 229,539 36,465 795,004
Carrying amount
At 31 December2025 202,783 90,331 20,095 313,209
At31December2024 109,716 107,387 - 217,103

16 Fixed asset investments

Listed
investments
£
Cost orvaluation
At 1 January 2025 1,729,548
Valuation changes (76,202)
At 31 December2025 1,653,346
Carrying amount
At 31 December2025 1,653,346
At31December2024 1,729,548

The historic cost of listed investments at 31 December 2025 was £1,583,905 (2024: £1,583,905).

17 Stocks
2025 2024
£ £
Finished goods and goods for resale 1,443 1,794

o 2D «

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

18 Debtors

18 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 7,766 3,049
Prepayments and accrued income 19,060 27,890
26,826 30,939
19 Creditors: amounts falling due within oneyear
2025 2024
Notes £ £
Deferred income 21 59,451 31,448
‘ Trade creditors 8,124 7,659
Other creditors 1,511 2,331
Accruals 11,522 4,476
80,608 45,914
20 Creditors: amounts falling due aftermore than one year
2025 2024
Notes £ £
Deferred income 21 - 3,747
21 Deferred income
2025 2024
£ £
Other deferred income 59,451 35,195
Deferred income is included in the financial statements as follows:
2025 2024
£ £
Deferred income is included within:
Current liabilities 59,451 31,448
Non-current liabilities - 3,747
59,451 35,195
Movementsintheyear:

-23-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

21 ~+Deferred income

(Continued)

==> picture [439 x 57] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Deferred|income|at|1|January|2025|35,195|66,215| |Released|from|previous|periods|(35,195)|(66,215)| |Resources|deferred|in|the year|59,451|35,195| |Deferred|income|at|31|December|2025|59,451|35,195|

----- End of picture text -----

Deferred income of £59,451 (2024: £35,195) included above relates to riding fees and compensation from SES water received during the year and prior year but relating to future accounting periods.

22 ~+Retirement benefit schemes

==> picture [436 x 46] intentionally omitted <==

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or loss|in|respect|of defined|contribution|schemes|8,354|7,749|

----- End of picture text -----

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

-24-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

23 ~=Restricted funds

The restricted funds of the charitable company comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Andrew Ballardie Andrew Ballardie Trust This is a fund established to This is a fund established to This is a fund established to This is a fund established to provide an provide an income income sufficient to cover the sufficient to cover the sufficient to cover the
costs ofthe annual open day.
Horse Sponsorship This is a fund to upkeep ofhorses.
Sutton
Neighbourhood,		 National]These funds were used to invest part fund the construction of our new
Lottery, The Bryan and June AmosjMiddle
Boxes		 (horse stables)
and		 Horsey HQ area (wooden
Foundation, The’
British		 Horsefconstruction behind main arena for non riding education activities).
Society,
Sport		 England and ApaxiSince these funds were wholly used to during the year, there was a
Foundation funds transfer made from restricted fund to unrestricted fund during the year.
The capital asset construction can be used for any other purpose and
therefore this asset is classed under unrestricted fund.
Otherdonations These represent the balance of restricted donations received
fo
specific purposes, but not yetexpended expended on those purposes.
At 1 January Incoming Resources Transfers Gains and At31
2025 resources expended losses December
2025
£ £ £ £ £ £
Andrew
Ballardie Trust 26,035 1,911 (138) (1,911) 5,162 31,059
Horse
Sponsorship - 40,872 (40,872) - - -
Sutton
Neighbourhood
grant - 23,400 - (23,400) - -
National lottery
grant - 12,572 - (12,572) - -
Bryan & Julie
Amos
Foundation - 30,000 - (30,000) - -
The British
Horse Society - 3,960 (3,960) - - -
Sport England - 10,000 - (10,000) - -
Apax
Foundation - 7,600 - (7,600) - -
Other donations 15,567 5,327 (4,152) - - 16,742
Othergrant - 500 - (500) - -
41,602 136,142 (49,122) (85,983) 5,162 47,801

~25 -

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

23 ~=Restricted funds

~=Restricted funds (Continued) °
Previousyear: At 1 January Incoming Resources Transfers Gains and At31
2024 resources expended losses December
2024
£ £ £ £ £ £
Andrew
Ballardie Trust 25,555 1,820 (277) (1,820) 757 26,035
Horse
Sponsorship (5,115) 32,311 (35,308) 8,112 - -
Sutton
Neighbourhood
grant - 20,028 (1,068) (18,960) - -
National lottery
grant - 8,750 (1,000) (7,750) - -
Other restrcited
donations 12,518 4,921 (1,872) - - 15,567
32,958 67,830 (39,525) (20,418) 757 41,602

24 Unrestricted funds

The unrestricted funds of the charitable company comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources Transfers Gains and At 31
2025 resources expended losses December
2025
£ £ £ £ £ £
General funds 2,108,085 442,051 (435,334) 85,983 (81,364) 2,119,421
Previousyear: At 1 January Incoming Resources Transfers Gains and At 31
2024 resources expended losses December
2024
£ £ £ £ £ £
Generalfunds 2,072,118 478,320 (496,132) 20,418 33,361 2,108,085

-26-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

25 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2025 2025 2025
£ E £
At 31 December 2025:
Tangible assets 313,209 - 313,209
Investments 1,618,394 34,952 1,653,346
Current assets/(liabilities) 187,818 12,849 200,667
2,119,421 47,801 2,167,222
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Tangible assets 217,103 - 217,103
Investments 1,699,759 29,789 1,729,548
Current assets/(liabilities) 191,223 15,560 206,783
Long term liabilities - (3,747) (3,747)
2,108,085 41,602 2,149,687

26 Operating lease commitments

Lessee

At the year end and previous year end, the charitable company had no annual commitments under operating leases.

27 «Related party transactions

There were no other disclosable related party transactions during the year (2024 - none).

-27-

THE DIAMOND CENTRE FOR DISABLED RIDERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

==> picture [462 x 234] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |28|Cash|generated|fromi(absorbed|by)|operations|2025|2024| |£|£| |Surplus|for the|year|17,535|44,611| |Adjustments|for:| |Investment|income|recognised|in|statement|of financial|activities|(54,544)|(56,330)| |Fair value|gains|and|losses|on|investments|76,202|(34,118)| |Depreciation|and|impairment|of tangible|fixed|assets|46,645|22,350| |Movements|in|working|capital:| |Decrease|in|stocks|351|975| |Decrease|in|debtors|4,113|36,048| |Increase/(decrease)|in|creditors|6,691|(45,128)| |Increase/(decrease)|in|deferred|income|24,256|(31,020)| |Cash|generated|from/(absorbed|by)|operations|121,249|(62,612)| |29|~=Analysis|of changes|in|net funds|

----- End of picture text -----

The charitable company had no material debt during the year.