COMPANY REGISTRATION NUMBER: 03340120 CHARITY REGISTRATION NUMBER: 1062577
The R.D.A. Centre In Cleveland Limited Company Limited by Guarantee Unaudited Financial Statements
31 August 2021
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 7 |
| Statement of financial activities (including income and | |
| expenditure account) | 8 |
| Balance sheet | 9 |
| Accounting policies | 0 |
| Notes to the financial statements | 14 |
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2021.
Reference and administrative details
Registered charity name The R.D.A. Centre In Cleveland Limited
Charity registration number 1062577 Company registration number 03340120 Principal office and registered The Unicorn Centre office Stainton Way Hemlington Middlesbrough TS8 9LX
The trustees
J M Elphee I N Scrutton S Gaffney J Northend C J Preston P White J Rubin G M Toulouse Independent examiner Graeme R Boagey BA, FCA, CTA Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA
Structure, governance and management
The charity is constituted as a company, limited by guarantee, and is therefore governed by its memorandum and articles of association. The company does not have a share capital and the liability of each member is limited to £1 in the event of a winding up. The principal activity of the company is to provide for the relief of disabled persons by the provision or assistance in the provision of facilities for riding and other associated activities to further the objects of the Riding for the Disabled Association. The charity proposes to achieve its objective by providing, managing and operating a riding centre at Stainton Way, Hemlington.
The company is registered as a charity and its charity number is 1062577.
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2021
Objectives and activities
In order to meet its objectives as part of the Riding for the Disabled Association group, the charity carries out a number of different activities in the Tees Valley area including: Providing a high standard of professional tuition for riders with disabilities; Providing education and training towards nationally recognised qualifications to people with additional learning needs, disabilities and also for those who are non-disabled; Providing volunteering opportunities to people of all ages and abilities in order to assist the charity in achieving its charitable activities. The Trustees confirm that they have referred to the guidance contained in the Charity Commissions' general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2021
Achievements and performance
Overview
Once again we continued to be challenged, with the impact of Covid still being felt across the world. Pre Covid the Centre was delivering an average of 51 lessons per week however pandemic infections and government legislation considerably reduced this. The Middlesbrough College contract to deliver Diplomas in Work-Based Horse Care programmes continued in various forms throughout the academic year 2020/21. Once again, the Centre had to cease all its on-site charitable and educational activities. These were gradually reintroduced, but in a Covid-safe way, as restrictions were lifted. The year saw a tier system introduced across England in October 2020 with full lockdown from 31.10.21. On 2.12 21 we saw the reintroduction of the Tier system with the PM deciding to cancel Christmas on 19.12.21. On the 4.1.21 the next lockdown occurred with the roadmap out of lockdown introduced on 22.2 21. The 8.3.21 saw schools reopen with the rule of 6 introduced on 29.3.21. On the 12.4.21 we saw more restrictions being lifted with step 3 on 17.5.21 and step 4 on 21.6 21. Middlesbrough saw high levels of the virus and the impact of this was that participants and their families felt vulnerable and needed to be constantly updated and reassured we would open again when it was safe to do so. The Supported Volunteer Programme continued successfully, however the pandemic saw us re-assess this provision to enable us to deliver this in a Covid safe way with regular remote contact. With the support of staff and Trustees we were able to maintain our contact, albeit remotely sometimes, with our supported volunteers who were welcomed back when it was safe to do so. Our essential independent volunteering programme had maintained a good level until lockdown, and then made a small recoveries as restrictions were lifted. We need to continue to make best use of our volunteers and to look at new ways to attract more, possibly younger, volunteers as there will be an inevitable loss in numbers due to impact of the pandemic and their lack of contact with the Centre.
The Board of Trustees are very appreciative of the considerable amount of work undertaken by the Centre Manager and her team to ensure that Covid secure procedures and precautions were put in place to enable the Centre to safely operate within the limitations of the restrictions. Also their commitment to continue the successful day to day running of the Centre and the welfare of our horses and ponies. The Board of Trustees have also worked tirelessly to work with our staff team to ensure they are supported and have also taken a more active role in the delivery and management of many of our objectives during these challenging times. The Trustees' areas of expertise have been harnessed and used in a way that will ensure a new way of working for the future and benefit of the Centre. The effect of the pandemic has been profound, affecting participants, volunteers, learners, staff and Trustees in differing ways. The financial impact has been very serious and a considerable body of work has been undertaken by every member of the Board of Trustees to mitigate the effect of the income loss. We know these effects are projected to continue for some time and we will need to continue with our vigilance and commitment indefinitely. There is a clear understanding that the Centre cannot operate on the same trajectory going forward and a new streamlined business model is in preparation to create a financially sustainable future with a focus on the priority areas of growth in lessons and Supported Volunteers. The Centre staff and Trustees continue to implement a rolling review of all of the Centre's policies in line with current legislation.
Staffing
Our yard team who was on site worked tirelessly to look after our horses and start a refittening programme to bring them back into work. This has worked well. Our HR company continued to provide us with advice which was invaluable. Our dedicated team continue to run the Centre efficiently. Trustees continued to review staffing levels and careful consideration was given to following the everchanging guidance of who could be furloughed whilst maintaining the limited operational needs of the Centre and care of horses. Pre pandemic the staff were delivering riding lessons over a six-day week with support for event / shows until lockdown. We followed the national guidance and where possible brought participants back into the centre outside at first until the indoor arena was recognised
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2021
as outdoor space. All our horses are cared for expertly by the Centre staff solely for our participants' benefit. The Trustees are particularly appreciative of the hard work and dedication shown by all staff in this unprecedented year and wish to thank everyone for their efforts.
Qualifications to deliver Training
The Centre has again maintained a very high general standard of qualifications. Staff achieved various RDA and BHS qualifications and others maintained their qualifications. We are a sub-contractor in partnership with Middlesbrough College for diploma delivery to our student learners. Delivery of the mandatory study programme for functional skills / GCSE English and Maths has continued for eligible learners. We have maintained the award of the Matrix Quality Standard for, not only, the diploma delivery but also for riding therapy and volunteering services. All staff continue to take part in a series of training sessions and CPD events including First Aid and Safeguarding.
Safeguarding
The Centre continued with safeguarding as part of the induction process for all volunteers and the rollout of three yearly disclosure renewals for volunteers. The Safeguarding and Prevent Duty policy and procedures are reviewed and updated regularly with all staff and Trustees completed Safeguarding and Prevent Duty training as required.
Diploma programme
The City and Guilds Diploma in Work Based Horse Care programme continues successfully to offer Level 1 and 2 qualifications in Horse Care and Riding. DfE has announced that funding for this programme will no longer be funded from 1 August 2021. Trustees considered the consequences as part of its Aims for the future and decided not to recruit new learners from September 2020 but to focus on supporting those existing learners to allow them to complete their course. Possible alternative training provision will be explored for the future.
Volunteers
We recognise the importance of our team of volunteers and continue to appreciate their support. We try to organise a varied training programme to facilitate their development. All volunteers attending the Centre when Covid restrictions were eased took part in an updated induction process including a Covid Risk Assessment.
Supported Volunteers
Our Supported Volunteer Programme allows young disabled people to access volunteering under guidance from Support Workers, funded by the programme, and Trustees, and we really appreciate their support and enthusiasm. The programme continued throughout the year with a mix of limited attendance and online and telephone support from staff and Trustees. Our personal risk assessments for all supported volunteers were aligned with our Centres risk assessments and each supported volunteer was brought back as as soon as it was safe to do so in line with the current guidance. Our Trustees and staff continue to commit to and participate in the efficient running of the programme and their increased involvement of Trustees has been particularly appreciated and enjoyed by both participants and Trustees alike.
Horses
Our Centre maintains a reduced stable of horses and ponies due to retirement and loss during the year. Their changing needs have been kept under close review. They represent the core capacity of our business and their welfare is paramount. Mr Tom Miller retired however the Stokesley Veterinary practice (and Tom in a consultant role) continue to provide us with an excellent service and their care is appreciated enormously. We continue to follow RDA and BHS guidance regarding the vaccination programmes. All disease precautions and biosecurity tightened in the event of any equine disease outbreaks.
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2021
Participants (Riders)
Riders gradually returned as restrictions were lifted and we continued, where allowed, to offer lessons in a Covid safe way. Social distancing was adhered to where we could, tack sanitised between lessons and hats quarantined. Lesson sizes were monitored depending on current restrictions. Lesson prices were reviewed and increased in line with the rise in the Living Wage. Our riding horse simulator "Blackberry" was used again once restrictions allowed and continued to be a valued resource particularly in assessing riders before returning to lessons or offering lessons to riders who cannot ride on our horses for whatever reason.
Tea with a Pony
We began pre pandemic to offer "Tea with a pony" sessions for people living with Dementia and their carers. This began very successfully pre pandemic and gradually as restrictions allowed us, we began these sessions again on site. They are incredibly rewarding to all involved and demonstrate the beneficial effect of Equine Therapy. Delicious tea and cake help too!
Fundraising
The Centre charges fees for its services delivering lessons to our participants but these are kept as low as possible to reflect the charitable nature of the Centre's work. This however is not sufficient to maintain the business completely and we rely upon the generosity of individuals and grant making bodies to allow us to continue in the efficient running of the Centre and the pursuit of particular projects. The cessation of all activities and the sporadic return to activity required a new approach to income generation to help mitigate substantial financial loss. Government and RDA support grants, other successful grant applications and the furlough scheme all supported core costs. Cash donations increased, along with offers of equine equipment, horse sponsorship and PPE equipment and supplies. A wide range of online fundraising campaigns and events organised by our supporters. Some of these were helpfully match-funded by Barclays.
Financial review
The impact of the Covid pandemic is very serious and will be ongoing. It has facilitated reflection on the Centre's business model and its shortcomings with the clear and inevitable outcome that the Centre will require a considerable period of time to become financially stable and viable. New innovative approaches will be needed as well as a positive business case for all future proposals.
The charity's incoming resources consisted mainly of income from charitable activities, which shows a decrease compared to the previous 12 month period.
The Endowment Fund (Facility Construction Fund 1998) deficit reflects the high incidence of depreciation and amortisation charged in respect of endowment fund assets.
The balance sheet shows aggregate reserves of £859,361 with £625,571 of the reserves being held in the endowment funds, notably the substantial investment in the leasehold premises of the charity. The Unrestricted fund shows a loss for the year of £13,621.
The unrestricted/general fund has reserves of £200,766 at 31 August 2021.
The Restricted funds shows a profit of £15,387.
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2021
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 23 May 2022 and signed on behalf of the board of trustees by:
J Rubin Director
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The R.D.A. Centre In Cleveland Limited
Year ended 31 August 2021
I report to the trustees on my examination of the financial statements of The R.D.A. Centre In Cleveland Limited ('the charity') for the year ended 31 August 2021.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Graeme R Boagey BA, FCA, CTA Independent Examiner
Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA
23 May 2022
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2021
| 2021 | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | £ | |
| Income and endowments | ||||||
| Donations and legacies | 4 | 19,982 | 29,071 | – | 49,053 | 45,418 |
| Charitable activities | 5 | 123,959 | – | – | 123,959 | 151,755 |
| Other trading activities | 6 | 51,843 | 2,600 | – | 54,443 | 135,825 |
| Investment income | 8 | – | – | – | – | 254 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 195,784 | 31,671 | – | 227,455 | 333,252 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||||
| Expenditure on raising funds: | ||||||
| Costs of other | ||||||
| trading activities | 9 | (1,551) | 2,259 | – | 708 | 67,373 |
| Expenditure on | ||||||
| charitable activities | 10,11 | 210,956 | 14,025 | 29,325 | 254,306 | 305,562 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 209,405 | 16,284 | 29,325 | 255,014 | 372,935 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net expenditure and net | ||||||
| movement in funds | (13,621) | 15,387 | (29,325) | (27,559) | (39,683) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||||
| Total funds brought forward | 214,387 | 17,637 | 654,896 | 886,920 | 926,603 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 200,766 | 33,024 | 625,571 | 859,361 | 886,920 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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 23 form part of these financial statements.
8
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Balance Sheet
31 August 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 17 | 626,411 | 656,016 |
| Current assets | |||
| Stocks | 18 | 17,900 | 23,300 |
| Debtors | 19 | 8,809 | 23,671 |
| Cash at bank and in hand | 217,622 | 188,253 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 244,331 | 235,224 | ||
| Creditors: amounts falling due within one year | 20 | 11,381 | 4,320 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net current assets | 232,950 | 230,904 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 859,361 | 886,920 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 859,361 | 886,920 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Endowment funds | 625,571 | 654,896 | |
| Restricted funds | 33,024 | 17,637 | |
| Unrestricted funds | 200,766 | 214,387 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 22 | 859,361 ৶৶৶৶৶৶৶৶৶ |
886,920 ৶৶৶৶৶৶৶৶৶ |
For the year ending 31 August 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 balance sheet continues on the following page. The notes on pages 14 to 23 form part of these financial statements.
9
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Balance Sheet (continued)
31 August 2021
These financial statements were approved by the board of trustees and authorised for issue on 23 May 2022, and are signed on behalf of the board by:
J Rubin Trustee
The notes on pages 14 to 23 form part of these financial statements.
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Accounting Policies
Year ended 31 August 2021
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
11
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Accounting Policies (continued)
Year ended 31 August 2021
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
•income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
•legacy income is recognised when receipt is probable and entitlement is established.
•income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
•income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
•expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
•expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
•other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
12
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Accounting Policies (continued)
Year ended 31 August 2021
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - Straight line over 50 years Fixtures and fittings - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
13
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Unicorn Centre, Stainton Way, Hemlington, Middlesbrough, TS8 9LX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Limited by guarantee
The R.D.A. Centre In Cleveland Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Sundry donations | 16,661 | 29,071 | 45,732 |
| BT MyDonate/Virgin Money Giving | 1,394 | – | 1,394 |
| Rural Payments Agency | 1,927 | – | 1,927 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 19,982 | 29,071 | 49,053 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Sundry donations | 7,142 | 34,330 | 41,472 |
| BT MyDonate/Virgin Money Giving | 2,025 | – | 2,025 |
| Rural Payments Agency | 1,921 | – | 1,921 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 11,088 | 34,330 | 45,418 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
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The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Participants lessons | 27,595 | 27,595 | 47,238 | 47,238 |
| Student training income | 40,154 | 40,154 | 46,212 | 46,212 |
| Supported volunteers programme | 56,210 | 56,210 | 58,305 | 58,305 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 123,959 | 123,959 | 151,755 | 151,755 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
6. Other trading activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Fundraising events | 14,727 | – | 14,727 |
| Facilities hire | 296 | – | 296 |
| Sale of sundry goods | 911 | – | 911 |
| Furlough income | 23,909 | – | 23,909 |
| Covid-19 income | 12,000 | 2,600 | 14,600 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 51,843 | 2,600 | 54,443 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Fundraising events | 25,575 | – | 25,575 |
| Facilities hire | 668 | – | 668 |
| Sale of sundry goods | 995 | – | 995 |
| Furlough income | 30,357 | – | 30,357 |
| Covid-19 income | 62,220 | 16,010 | 78,230 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 119,815 | 16,010 | 135,825 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
15
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
7. Covid-19 income analysis
| Covid-19 income consists of the following: | Covid-19 income consists of the following: | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| £ | £ | ||||
| Middlesbrough Council IPC Grant | – | 409 | |||
| The Sports Lottery Covid-19 | – | 5,000 | |||
| Covid Community National Lottery Fund | – | 9,351 | |||
| BHS Hardship Fund Grants | 1,600 | 1,250 | |||
| Middlesbrough Council Covid-19 Grant | – | 25,000 | |||
| RDA UK Crisis and Resilience Grant | – | 2,000 | |||
| NFU Mutual Covid-19 Grant | – | 3,164 | |||
| Covid-19 Donations | – | 32,056 | |||
| RDA Covid-19 Grant | 1,000 | – | |||
| MBC Covid-19 Restart Grant | 12,000 | – | |||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||||
| 14,600 | 78,230 | ||||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||||
| 8. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | – | – | 254 | 254 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 9. | Costs of other trading activities | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Fundraising costs | (1,551) | 2,259 | 708 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Fundraising costs | 3,488 | 63,885 | 67,373 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
16
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
10. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Endowment | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Lessons and training | 144,556 | 14,012 | 29,325 | 187,893 | |
| Support costs | 66,400 | 13 | – | 66,413 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 210,956 | 14,025 | 29,325 | 254,306 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Lessons and training | 199,684 | 6,033 | 29,325 | 235,042 | |
| Support costs | 70,520 | – | – | 70,520 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 270,204 | 6,033 | 29,325 | 305,562 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 11. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2021 | 2020 | |||
| £ | £ | £ | £ | ||
| Lessons and training | 187,893 | 19,078 | 206,971 | 253,475 | |
| Governance costs | – | 47,335 | 47,335 | 52,087 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 187,893 | 66,413 | 254,306 | 305,562 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
12. Analysis of support costs
| Governance | ||||
|---|---|---|---|---|
| costs | Total 2021 | Total 2020 | ||
| £ | £ | £ | ||
| General office expenses | 1,832 | 1,832 | 2,656 | |
| Entertaining | – | – | 227 | |
| Staff costs | 38,176 | 38,176 | 42,144 | |
| Accountancy, legal and professional fees | 5,535 | 5,535 | 4,760 | |
| Advertising | 81 | 81 | 1,391 | |
| Bank charges | 1,711 | 1,711 | 909 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 47,335 | 47,335 | 52,087 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 13. | Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 29,605 | 29,698 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
17
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
14. Independent examination fees
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,520 ৶৶৶৶৶৶৶ |
2,448 ৶৶৶৶৶৶৶ |
15. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 151,057 | 174,269 |
| Employer contributions to pension plans | 1,649 | 1,578 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 152,706 | 175,847 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was 20 (2020: 24). The average number of full-time equivalent employees during the year is analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Trustees | 8 | 8 |
| Staff | 12 | 16 |
| ৄৄৄৄ | ৄৄৄৄ | |
| 20 | 24 | |
| ৶৶৶৶ | ৶৶৶৶ |
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
16. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
18
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
17. Tangible fixed assets
| Long | ||||
|---|---|---|---|---|
| leasehold | Fixtures and | |||
| property | fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 September 2020 and 31 August 2021 | 1,466,227 | 32,349 | 1,498,576 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| Depreciation | ||||
| At 1 September 2020 | 811,331 | 31,229 | 842,560 | |
| Charge for the year | 29,325 | 280 | 29,605 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| At 31 August 2021 | 840,656 | 31,509 | 872,165 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| Carrying amount | ||||
| At 31 August 2021 | 625,571 | 840 | 626,411 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| At 31 August 2020 | 654,896 | 1,120 | 656,016 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| 18. | Stocks | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Horses | 17,900 | 23,300 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| 19. | Debtors | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Trade debtors | 1,662 | 1,191 | ||
| Prepayments and accrued income | 6,800 | 12,715 | ||
| Other debtors | 347 | 9,765 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 8,809 | 23,671 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| 20. | Creditors: amounts falling due within one year | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Trade creditors | 3,740 | 1,429 | ||
| Accruals and deferred income | 2,530 | 2,458 | ||
| Social security and other taxes | 4,724 | – | ||
| Other creditors | 387 | 433 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 11,381 | 4,320 | |||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
19
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
21. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,649 (2020: £1,578).
22. Analysis of charitable funds
Unrestricted funds
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 | September | 31 August | 20 | ||||
| 2020 | Income | Expenditure | Transfers | 21 | |||
| £ | £ | £ | £ | £ | |||
| General funds | 214,387 | 195,784 | (209,405) | – | 200,766 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| At | At | ||||||
| 1 | September | 31 August | 20 | ||||
| 2019 | Income | Expenditure | Transfers | 20 | |||
| £ | £ | £ | £ | £ | |||
| General funds | 209,531 | 282,912 | (273,692) | (4,364) | 214,387 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The general fund represents the income received and expenditure incurred in providing the services and activities of the charity.
Restricted funds
| Restricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 | September | 31 August | 20 | ||||
| 2020 | Income | Expenditure | Transfers | 21 | |||
| £ | £ | £ | £ | £ | |||
| Restricted Funds | 17,637 | 31,671 | (16,284) | – | 33,024 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| At | At | ||||||
| 1 | September | 31 August | 20 | ||||
| 2019 | Income | Expenditure | Transfers | 20 | |||
| £ | £ | £ | £ | £ | |||
| Restricted Funds | 32,851 | 50,340 | (69,918) | 4,364 | 17,637 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
20
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
22. Analysis of charitable funds (continued)
Analysis of the restricted funds is as follows:
| At 1 | ||||
|---|---|---|---|---|
| September | At 31 August | |||
| 2020 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| RDA National Championship | 3,042 | – | – | 3,042 |
| MBC Infection Control Grant | 244 | – | – | 244 |
| The Sports Lottery | 5,000 | – | (5,000) | – |
| Covid Community National Lottery | ||||
| Fund | 9,351 | – | (7,794) | 1,555 |
| BHS Covid Grant | – | 1,600 | (800) | 800 |
| RDA Covid-19 Grant | – | 1,000 | (972) | 28 |
| MBC Community Grant Fund | ||||
| Sustainability Capacity | – | 9,536 | (166) | 9,370 |
| Sir Peter O'Sullevan Charitable Trust | – | 12,000 | – | 12,000 |
| Middlesbrough/Teesside Philanthropic | ||||
| Society | – | 500 | (500) | – |
| MBC Community Grant Fund | – | 1,335 | (1,050) | 285 |
| Tees Valley Community Fund (Sophia | ||||
| Fund) | – | 1,000 | – | 1,000 |
| MGL Foundation Trust | – | 500 | – | 500 |
| Toyota Parasports Grant | – | 4,200 | – | 4,200 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| TOTAL | 17,637 | 31,671 | (16,282) | 33,024 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
Purposes of restricted funds
National Championships funding - Provided as contributions towards costs relating to the RDA National Championships.
MBC IPC Grant - Provided for Covid-secure measures for the return of SVP day service provision. The grant was expensed on a hand wash sink and three riding hats.
The Sports Lottery - Provided as contributions towards costs relating to insurance, salaries, feed and bedding during Covid-19.
Covid Community National Lottery Fund - Provided as contributions towards costs relating to laptops, mobile phones, salaries, PPE and cleaning during Covid-19.
BHS Hardship Fund Grants - Provided as contributions towards the costs of maintaining the wellbeing of horses and ponies. It is for the costs of feed, bedding, farrier and veterinary costs during Covid-19.
RDA Covid-19 Grant - Provided as contributions towards the costs of field maintenance.
MBC Community Grant Fund Sustainability Capacity - Provided as contributions towards the costs of a riding coach and equine safe sanitiser.
Sir Peter O'Sullevan Charitable Trust - Provided as contributions to purchase two new horses as
21
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
22. Analysis of charitable funds (continued)
well contributing towards costs relating to the general upkeep of the horses.
Middlesbrough/Teesside Philanthropic Society - Provided as a contribution to deliver a Santa visit via Zoom.
MBC Community Grant Fund - Provided as contributions towards the cost of purchasing gardening equipment.
Tees Valley Community Fund (Sophia Fund) - Provided as contributions towards the cost of the outdoor classroom project.
MGL Foundation Trust - Provided as contributions towards the purchasing of yard tools and equipment.
Toyota Parasports Grant - Provided as contributions towards the costs of freelance instructors.
Endowment funds
| Endowment funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 September | 31 August | 20 | ||||
| 2020 | Income | Expenditure | Transfers | 21 | ||
| £ | £ | £ | £ | £ | ||
| Facility Construction | ||||||
| Fund 1998 | (654,896) | – | 29,325 | – | (625,571) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At | At | |||||
| 1 September | 31 August | 20 | ||||
| 2019 | Income | Expenditure | Transfers | 20 | ||
| £ | £ | £ | £ | £ | ||
| Facility Construction | ||||||
| Fund 1998 | (684,221) | – | 29,325 | – | (654,896) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
Monies were received during previous years by way of funding from the Lottery Sports Fund, the Foundation for the Sports and Arts and other donations in connection with the construction and equipping of a purpose built riding centre and this is regarded as a specific restricted project.
22
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2021
23. Analysis of net assets between funds
| Unrestricted | Restricted | Endowment | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | 840 | – | 625,571 | 626,411 |
| Current assets | 211,307 | 33,024 | – | 244,331 |
| Creditors less than 1 year | (11,381) | – | – | (11,381) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 200,766 | 33,024 | 625,571 | 859,361 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2020 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | 1,120 | – | 654,896 | 656,016 |
| Current assets | 217,587 | 17,637 | – | 235,224 |
| Creditors less than 1 year | (4,320) | – | – | (4,320) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 214,387 | 17,637 | 654,896 | 886,920 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
23