Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
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 2025
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the directors' report) | 1 |
| Independent examiner's report to the trustees | 8 |
| Statement of financial activities (including income and | |
| expenditure account) | 10 |
| Balance sheet | 11 |
| Notes to the financial statements | 13 |
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report)
Year ended 31 August 2025
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 2025.
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
Independent examiner
J Rubin (Resigned 12 September 2025) J M Elphee (Resigned 31 August 2025) I N Scrutton S Gaffney (Resigned 25 September 2025) J Northend (Resigned 25 September 2025) P White (Resigned 25 September 2025) J A Jackson (Resigned 18 January 2026) S M Colman (Served from 14 January 2025 to 2 March 2026) E L Harbron (Served from 14 January 2025 to 10 October 2025) S L Marshall (Served from 14 January 2025 to 25 September 2025) R D Webber (Served from 14 January 2025 to 16 February 2026) G M Ross (Appointed 11 February 2026) M A Jolley (Appointed 11 February 2026) C Chambers (Appointed 11 February 2026) D G Blackbourn (Appointed 11 February 2026) E L O'Brien (Appointed 13 February 2026) A L Marshall-Wyer (Appointed 14 February 2026) M Eyles (Appointed 25 February 2026) Martin Firth BA, FCA Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 August 2025
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, therapy 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.
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, and providing volunteering opportunities to people of all ages and abilities in order to assist the charity in achieving its charitable activities. We have begun a series of visits out to the community with our therapy pony. 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.
Achievements and performance
Overview
We have continued to be challenged by the cost of living and the pressures on charities to succeed in a world of challenges however we continue with riding lessons and welcome new participants and school groups to our centre. We have looked at where we can diversify to meet our ever-increasing costs.
The Supported Volunteer Programme has continued to expand, and the support staff continue to deliver a varied and successful programme working towards Asdan qualifications Many thanks to the SV support staff and trustees who help to run this programme.
Our essential independent volunteering programme continues successfully and is coordinated by our volunteer coordinator. We need to continue to make best use of our volunteers and to look at new ways to attract more, and possibly younger, volunteers as there will be an inevitable turnover in numbers. Thank you to all involved and for their continued commitment to our Centre.
The Board of Trustees are very appreciative of the commitment that the staff team put in to ensure the successful day to day running of the Centre and the welfare of our horses and ponies. Thank you.
The Board of Trustees have also worked tirelessly with our staff team to ensure they are supported, and they have also taken a more active role in the delivery and management of many of our objectives. 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. We identified areas where we needed extra expertise and actively marketed and successfully advertised for new members to step forward who would add to the skill mix within the board. We have begun to engage more widely with our community to look at how we work with them and deliver what is needed to ensure our success for the future. The board members work very hard behind the scenes and spend many long hours ensuring we comply and achieve our objectives. Thank you to all of them.
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 August 2025
An appeal for £100,000 was launched in April 2024 and we continue to actively promote this via our website, social media, advertising and word of mouth. We continue to be overwhelmed by the thoughtfulness and generosity of our supporters. In August 2025 our total raised was £54,589.00.
We have continued to look at a streamlined business model to create a financially sustainable future with a focus on the priority areas of growth in lessons, expanding our volunteer programme and the Supported Volunteers programme.
We continue to be challenged by the lack of suitably qualified coachs, and we are always actively seeking new coachs either trained or willing to start the National RDA Coaching programme. The pressure on our existing coachs is immense and we appreciate the huge efforts they put in to enable us to run our programme of lessons.
We actively source new grant funding to support us with projects, core costs and maintenance. We would like to be looking at expanding equine therapy services and other projects such as the BHS initiative of Changing Lives through Horses which harness our expertise and enable our participants to benefit from these.
The Centre staff and Trustees continue to implement a rolling review of all the Centre's policies in line with current legislation.
Staffing
After the resignation of our part time centre manager and due to financial constraints, it was decided to try to continue to run the Centre with the existing skills we had in both our experienced staff team and our board of trustees while we actively pursued grant funding to enable us to fund a new manager.
We lost an experienced member of our SV team in June 2025 due to relocation however new staff members were appointed and successfully integrated into the team. Staff moved between the teams and a new structure was set up within the yard team. We gained a new part time office administrator. Freelance and volunteer coachs continue to support our head coach.
We have operated on a minimum safe level of staffing, and the dedication and commitment of our staff team is really appreciated.
Equine Team
All our horses are cared for expertly by the Centre staff solely for our participants' benefit.
We continue to look for suitable horses/ponies who fit our needs. It is a very special horse or pony who can become an RDA horse.
The Trustees are particularly appreciative of the hard work and dedication shown by all staff and wish to thank everyone for their efforts.
Qualifications to deliver Training
The Centre has again maintained a very high general standard of qualifications. One staff member has started on the National RDA coaching programme supported by our head coach. All staff continue to take part in a series of training sessions and CPD events including First Aid and Safeguarding.
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 August 2025
Council License and BHS Approved Centre
We once again attained the high standard required to retain our Middlesbrough Council License and to continue to be a BHS Approved Centre.
Safeguarding
The Centre continued with safeguarding as part of the induction process for all volunteers and the roll-out of three yearly disclosure renewals for volunteers. The Safeguarding policy and procedures are reviewed and updated regularly with all staff and Trustees.
British Dressage
We continue to operate a once monthly BD Quest competition. This event is very popular and is run very efficiently by staff and volunteers.
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. We continue to look at ways of attracting new volunteer and have been working closely with MVDA to source their support.
Supported Volunteers
Our Supported Volunteer Programme allows young disabled people to access volunteering under guidance from Support Workers who are funded by the programme. We really appreciate their support and enthusiasm. Our Trustees and staff continue to commit to and participate in the efficient running of the programme and the increased involvement of Trustees has been particularly appreciated and enjoyed by both participants and Trustees alike.
The programme for the supported volunteers is very varied with horse care, yard work, riding, sewing, painting, project work and Asdan delivery.
They form an integral part of our Centre and their enthusiasm at events is great to see.
Horses
Our Centre maintains a stable of horses and ponies. Their changing needs have been kept under close review. They represent the core of our business, and their welfare is paramount. Hambleton Equine Group manage our equine care, and we really appreciate the amazing role they play in maintaining our equine team’s health. Alongside our farrier and physiotherapist, the team is extremely well cared for.
We obtained the services of an equine nutritionist who has transformed our feeding regime and now regularly monitors the horses’ weights. 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.
We have an active retirement programme which allows our horses and ponies to continue to enjoy life outside of the centre when the right time comes.
We lost a much-loved long term RDA pony Spider during this year. He had been our “Unicorn“ for many years and although small in stature leaves a huge gap in our stable.
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 August 2025
Our therapy pony Acer, a miniature Shetland, provides therapy services to add to our services. His visits to the community are highly appreciated. He has already visited schools and care homes and is a regular visitor to our tea with a pony session.
Participants (riders)
Riders are our core, and we continue to welcome and encourage new riders to join us. New rider applications are managed via Assessments and then the riders are fitted into slots where available. We continue to operate a waiting list.
Blackberry (mechanical horse)
Our riding horse simulator “Blackberry” continues 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. Pilates lessons are now popular using Blackberry and we received grant funding to expand the services of Blackberry out to our community.
Tea with a Pony
These sessions operate monthly for people living with Dementia or similar conditions. They are incredibly rewarding to all involved and demonstrate the beneficial effect of equine therapy. Delicious tea and cake help too!
All staff and trustees received their Dementia awareness training, and we once again became a recognised Dementia Friendly Centre.
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 projects.
Events take place throughout the year with our bigger fund-raising activities including Unicorn Day, the Dog Show and Pony Rides to Santa, the Christmas Fair and raffle. Other events included an evening with Nicola Wilson, a fashion show, Temple Spa evening, wreath making, an art auction, a dressage demonstration, participation in Redcar Race Family Day, tack and tog sale and working with Cleveland Pony club to organise events with them. Many other events were organised by individuals raising much needed funding for us. The Great North Run and other sponsored events saw individuals challenge themselves for our cause.
Grant funding
During this accounting year we were successful in obtaining grant funding from:
Middlesbrough Community Grant Fund, County Durham Community / Darlington Building Society, Unison, The Rothley Trust, ESC lottery Fund, Main Grants Lottery Fund, Masonic Lodge donations,
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 August 2025
The applications for these grants are complex and time consuming and thanks go to the small team who work hard to explore the opportunities available and write the bids. Thank you.
Financial review
The impact of the financial crisis is very serious and will be ongoing. It has facilitated reflection on the centres 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 model moving forward.
The charity’s incoming resources consisted mainly of income from charitable activities for which there was a total of £176,621 during the year.
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 £565,673. The majority of these reserves being held in the endowment funds, are notably the substantial investment in the leasehold premises of the charity.
The unrestricted funds show a deficit for the year of £64,239.
The unrestricted / general fund shows reserves of £9,404 on 31 August 25.
The restricted funds show a net income for the year of £43,472.
Plans for future periods
Looking ahead, we have set out a number of key goals to guide our ongoing development and ensure that we continue to meet the needs of our participants and the wider community:
Expansion of our equine team
One of our primary objectives is to grow our equine team, with a particular focus on introducing additional larger horses. This will allow us to better accommodate the diverse requirements of our riders and broaden the opportunities available within our programmes.
Development of our coaching team
We are committed to expanding our coaching team. Increasing the number of qualified coaches will help us to reduce the current strain on our existing staff and enable us to offer a wider range of lessons and support to our participants.
Enhancement and diversification of our activities
In addition, we aim to build upon our current activities while also introducing new initiatives. By doing so, we hope to further enrich the experience of everyone involved with the Centre and ensure our services remain relevant and responsive to the needs of those we serve.
Maintenance
Continue to carry out our maintenance projects and look to become more energy efficient.
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 August 2025
Grants
Continue to source and access grant funding and new funding streams as identified in our funding strategy.
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 (incorporating the directors’ report) was, by request of the then trustees, compiled by Jackie Rubin, past director and Chairperson throughout the period covered by this report. This report was approved on 12[th] April 2026 and signed on behalf of the board of trustees by:
I N Scrutton
Company Secretary
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
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 2025
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 2025.
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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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:
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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).
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
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 (continued)
Year ended 31 August 2025
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.
Martin Firth BA, FCA Independent Examiner
Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA
12[th] April 2026
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
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 2025
| 2025 | 2025 | 2024 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | £ | |
| Income and endowments | ||||||
| Donations and legacies | 5 |
49,316 | 57,450 | – | 106,766 | 22,496 |
| Charitable activities | 6 | 176,621 | – | – | 176,621 | 157,113 |
| Other trading activities | 7 | 35,798 | – | – | 35,798 | 28,039 |
| Investment income | 8 | 1,227 | – | – | 1,227 | 1,543 |
| --------------------------------- | ----------------------------- | -------------- | --------------------------------- | --------------------------------- | ||
| Total income | 262,962 | 57,450 | – | 320,412 | 209,191 | |
| ================================= | ============================= | ============== | ================================= | ================================= | ||
| Expenditure | ||||||
| Expenditure on raising funds: | ||||||
| Costs of other | ||||||
| trading activities | 9 | 4,975 | – | – | 4,975 | 2,184 |
| Expenditure on | ||||||
| charitable activities | 10,11 | 278,531 | 13,978 | 28,855 | 321,364 | 277,542 |
| --------------------------------- | ----------------------------- | ----------------------------- | --------------------------------- | --------------------------------- | ||
| Total expenditure | 283,506 | 13,978 | 28,855 | 326,339 | 279,726 | |
| ================================= | ============================= | ============================= | ================================= | ================================= | ||
| --------------------------------- | ----------------------------- | ----------------------------- | --------------------------------- | --------------------------------- | ||
| Net expenditure and net | ||||||
| movement in funds | (20,544) | 43,472 | (28,855) | (5,927) | (70,535) | |
| ================================= | ============================= | ============================= | ================================= | ================================= | ||
| Reconciliation of funds | ||||||
| Total funds brought forward | 73,643 | 4,056 | 537,596 | 615,295 | 685,830 | |
| --------------------------------- | ----------------------------- | --------------------------------- | --------------------------------- | --------------------------------- | ||
| Total funds carried forward | 53,099 | 47,528 | 508,741 | 609,368 | 615,295 | |
| ================================= | ============================= | ================================= | ================================= | ================================= |
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 13 to 25 form part of these financial statements.
10
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Balance Sheet
31 August 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 17 | 508,741 | 538,226 |
| Current assets | |||
| Stocks | 18 | 18,555 | 24,500 |
| Debtors | 19 | 5,273 | 6,424 |
| Cash at bank and in hand | 87,653 | 80,833 | |
| --------------------------------- | --------------------------------- | ||
| 111,481 | 111,757 | ||
| Creditors: amounts falling due within one year | 20 | 10,854 | 34,688 |
| --------------------------------- | --------------------------------- | ||
| Net current assets | 100,627 | 77,069 | |
| --------------------------------- | --------------------------------- | ||
| Total assets less current liabilities | 609,368 | 615,295 | |
| --------------------------------- | --------------------------------- | ||
| Net assets | 609,368 | 615,295 | |
| ================================= | ================================= | ||
| Funds of the charity | |||
| Endowment funds | 508,741 | 537,596 | |
| Restricted funds | 47,528 | 4,056 | |
| Unrestricted funds | 53,099 | 73,643 | |
| --------------------------------- | --------------------------------- | ||
| Total charity funds | 22 | 609,368 ================================= |
615,295 ================================= |
For the year ending 31 August 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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;
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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 13 to 25 form part of these financial statements.
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Balance Sheet (continued)
31 August 2025
These financial statements were approved by the board of trustees and authorised for issue on 12[th] April 2026, and are signed on behalf of the board by:
I N Scrutton Trustee
The notes on pages 13 to 25 form part of these financial statements.
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2025
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. Accounting policies
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.
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
3. Accounting policies (continued)
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.
Incoming resources
All income is 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:
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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. Gift Aid is recognised where applicable and is included in sundry donations received in the statement of financial activities.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impracticle 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 reliabily measured. No amounts are included for the contribution of general volunteers.
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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.
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
3. Accounting policies (continued)
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:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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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.
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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.
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
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Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
3. Accounting policies (continued)
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.
4. 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.
16
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 48,373 | 22,841 | 71,214 | |
| Rural Payments Agency | 943 | – | 943 | |
| Grants | ||||
| Grants receivable | – | 34,609 | 34,609 | |
| ----------------------------- | ----------------------------- | --------------------------------- | ||
| 49,316 | 57,450 | 106,766 | ||
| ============================= | ============================= | ================================= | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 18,778 | 2,611 | 21,389 | |
| Rural Payments Agency | 1,107 | – | 1,107 | |
| Grants | ||||
| Grants receivable | – | – | – | |
| ----------------------------- | ------------------------ | ----------------------------- | ||
| 19,885 | 2,611 | 22,496 | ||
| ============================= | ======================== | ============================= | ||
| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Participants lessons | 84,111 | 84,111 | 60,301 | 60,301 |
| Supported volunteers programme | 92,510 | 92,510 | 96,636 | 96,636 |
| Access to work scheme | – | – | 176 | 176 |
| --------------------------------- | --------------------------------- | --------------------------------- | --------------------------------- | |
| 176,621 | 176,621 | 157,113 | 157,113 | |
| ================================= | ================================= | ================================= | ================================= | |
| Other trading activities | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Fundraising events | 25,506 | – | 25,506 | |
| Facilities hire | 6,746 | – | 6,746 | |
| Sale of sundry goods | 3,546 | – | 3,546 | |
| ----------------------------- | -------------- | ----------------------------- | ||
| 35,798 | – | 35,798 | ||
| ============================= | ============== | ============================= |
6. Charitable activities
7. Other trading activities
17
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
7. Other trading activities (continued)
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Fundraising events | 23,028 | 1,145 | 24,173 | |
| Facilities hire | 3,341 | – | 3,341 | |
| Sale of sundry goods | 525 | – | 525 | |
| ----------------------------- | ------------------------ | ----------------------------- | ||
| 26,894 | 1,145 | 28,039 | ||
| ============================= | ======================== | ============================= | ||
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 1,227 | 1,227 | 1,543 | 1,543 |
| ======================== | ======================== | ======================== | ======================== | |
| Costs of other trading activities | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Fundraising costs | 4,975 | – | 4,975 | |
| ======================== | ============== | ======================== | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Fundraising costs | 1,401 | 783 | 2,184 | |
| ======================== | ============== | ======================== | ||
| Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2025 | |
| £ | £ | £ | £ | |
| Lessons and training | 182,208 | 11,340 | 28,855 | 222,403 |
| Support costs | 96,323 | 2,638 | – | 98,961 |
| --------------------------------- | ----------------------------- | ----------------------------- | --------------------------------- | |
| 278,531 | 13,978 | 28,855 | 321,364 | |
| ================================= | ============================= | ============================= | ================================= | |
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2024 | |
| £ | £ | £ | £ | |
| Lessons and training | 140,904 | 7,212 | 29,325 | 177,441 |
| Support costs | 99,263 | 838 | – | 100,101 |
| --------------------------------- | ------------------------ | ----------------------------- | --------------------------------- | |
| 240,167 | 8,050 | 29,325 | 277,542 | |
| ================================= | ======================== | ============================= | ================================= |
8. Investment income
9. Costs of other trading activities
10. Expenditure on charitable activities by fund type
18
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
11. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Lessons and training | 222,403 | 13,609 | 236,012 | 203,167 | |
| Governance costs | – | 85,352 | 85,352 | 74,375 | |
| --------------------------------- | ----------------------------- | --------------------------------- | --------------------------------- | ||
| 222,403 | 98,961 | 321,364 | 277,542 | ||
| ================================= | ============================= | ================================= | ================================= | ||
| 12. | Analysis of support costs | ||||
| Lessons and | Governance | ||||
| training | costs | Total 2025 | Total 2024 | ||
| £ | £ | £ | £ | ||
| Premises | 9,999 | – | 9,999 | 18,490 | |
| General office expenses | – | 3,748 | 3,748 | 8,890 | |
| Staff costs | – | 75,156 | 75,156 | 64,565 | |
| Accountancy, legal and professional | |||||
| fees | – | 6,265 | 6,265 | 7,142 | |
| Advertising | – | 50 | 50 | 247 | |
| Bank charges | – | 1,243 | 1,243 | 767 | |
| ------------------------ | ----------------------------- | ----------------------------- | --------------------------------- | ||
| 9,999 | 86,462 | 96,461 | 100,101 | ||
| ======================== | ============================= | ============================= | ================================= | ||
| 13. | Net expenditure | ||||
| Net expenditure is stated after charging/(crediting): | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 29,485 | 29,455 | |||
| ============================= | ============================= | ||||
| 14. | Independent examination fees | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 3,300 | 3,150 | |||
| ======================== | ======================== |
19
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 186,742 | 162,535 |
| Employer contributions to pension plans | 3,207 | 2,492 |
| --------------------------------- | --------------------------------- | |
| 189,949 | 165,027 | |
| ================================= | ================================= |
The average head count of employees during the year was 17 (2024: 18). The average number of full-time equivalent employees during the year is analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Trustees | 7 | 7 |
| Staff | 10 | 11 |
| -------------- | -------------- | |
| 17 | 18 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2024: 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.
17. Tangible fixed assets
| Long | |||
|---|---|---|---|
| leasehold | Fixtures and | ||
| property | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 September 2024 and 31 August 2025 | 1,466,227 | 32,636 | 1,498,863 |
| =========================================== | ============================= | =========================================== | |
| Depreciation | |||
| At 1 September 2024 | 928,631 | 32,006 | 960,637 |
| Charge for the year | 29,328 | 157 | 29,485 |
| ------------------------------------------- | ----------------------------- | ------------------------------------------- | |
| At 31 August 2025 | 957,959 | 32,163 | 990,122 |
| =========================================== | ============================= | =========================================== | |
| Carrying amount | |||
| At 31 August 2025 | 508,268 | 473 | 508,741 |
| =========================================== | ============================= | =========================================== | |
| At 31 August 2024 | 537,596 | 630 | 538,226 |
| =========================================== | ============================= | =========================================== |
20
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
18. Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Horses | 18,555 | 24,500 | |
| ============================= | ============================= | ||
| 19. | Debtors | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | 3,370 | 5,370 | |
| Prepayments and accrued income | 1,903 | 1,054 | |
| ------------------------ | ------------------------ | ||
| 5,273 | 6,424 | ||
| ======================== | ======================== | ||
| 20. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 4,945 | 4,533 | |
| Accruals and deferred income | 3,310 | 3,160 | |
| Social security and other taxes | 1,851 | 1,942 | |
| Other creditors | 748 | 25,053 | |
| ----------------------------- | ----------------------------- | ||
| 10,854 | 34,688 | ||
| ============================= | ============================= |
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 £3,207 (2024: £2,492).
22. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 | September | 31 | August 2 | |||
| 2024 | Income | Expenditure | 025 | |||
| £ | £ | £ | £ | |||
| General funds | 73,643 | 262,962 | (283,506) | 53,099 | ||
| ============================= | ================================= | ================================= | ============================= | |||
| At | At | |||||
| 1 | September | 31 | August 20 | |||
| 2023 | Income | Expenditure | 24 | |||
| £ | £ | £ | £ | |||
| General funds | 109,776 ================================= |
205,435 ================================= |
(241,568) ================================= |
73,643 ============================= |
21
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
22. Analysis of charitable funds (continued)
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 2 | |||
| 2024 | Income | Expenditure | 025 | |||
| £ | £ | £ | £ | |||
| Restricted Funds | 4,056 | 57,450 | (13,978) | 47,528 | ||
| ======================== | ============================= | ============================= | ============================= | |||
| At | At | |||||
| 1 | September | 31 | August 20 | |||
| 2023 | Income | Expenditure | 24 | |||
| £ | £ | £ | £ | |||
| Restricted Funds | 9,133 | 3,756 | (8,833) | 4,056 | ||
| ======================== | ======================== | ======================== | ======================== |
22
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
22. Analysis of charitable funds (continued)
Analysis of the restricted funds is as follows:
| At 1 | At 31 | |||
|---|---|---|---|---|
| September | August | |||
| 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| RDA National Championships | (1,280) | – | (1,280) | – |
| MBC IPC Grant | (244) | – | (244) | – |
| MBC Community Grant | (146) | – | (146) | – |
| Arnold Clarke Community | (419) | – | (419) | – |
| Dorothy Coombes Birthday | (373) | – | (373) | – |
| Nikita's Climb Up Roseberry Topping | (285) | – | (285) | – |
| Co-op Community Grant | (1,308) | (2,196) | (3,504) | – |
| Tees Valley Millions | – | (2,500) | (2,500) | – |
| MBC Community Grant 2 | – | (4,900) | (2,726) | (2,174) |
| County Durham Community | – | (4,495) | – | (4,495) |
| AXA Services Grant | – | (2,000) | (2,000) | – |
| Unison Tees Esk | – | (500) | (500) | – |
| The Rothley Trust | – | (1,000) | – | (1,000) |
| ESC Lottery Sport England | – | (14,968) | – | (14,968) |
| Main Grants Lottery | – | (19,641) | – | (19,641) |
| Masonic Lodges | – | (5,250) | – | (5,250) |
| ------------------------ | ----------------------------- | ----------------------------- | ----------------------------- | |
| (4,055) | (57,450) | (13,977) | (47,528) | |
| ======================== | ============================= | ============================= | ============================= |
Purposes of restricted funds
RDA National Championships Fund - Provided as contributions towards costs relating to the RDA National Championships.
MBC IPC Grant Fund - 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.
MBC Community Grant Fund - Provided as contributions towards the cost of purchasing gardening equipment.
Arnold Clarke Community Fund - Provided as contributions towards the purchase of riding equipment.
Dorothy Coombes Birthday Fund - Provided as contributions towards the purchase of yard equipment and a replacement washing machine.
Nikita's Climb Up Roseberry Topping Fund - Provided as contributions towards bridles and headcollars for ponies.
Co-op Community Grant Fund - Provided as contributions towards Acer visits and costs.
Tees Valley Millions Fund - Provided as a grant to cover website costs.
MBC Community Grant Fund 2 - Provided as contributions towards drainage improvements.
23
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2025
22. Analysis of charitable funds (continued)
County Durham Community Fund - Provided in order improve and increase the frequency of Blackberry sessions.
AXA Services Grant Fund - Provided in order improve and increase the frequency of pony care sessions.
Unison Tees Esk Fund - Provide as contributions towards new winter-wear for staff.
The Rothley Trust Fund - Provided as contributions towards solar lighting for the premises.
ESC Lottery Sport England Fund - To provide a contribution towards funding the staffing and infrastructure needed to bring ‘Changing Lives through Horses’ to the Unicorn Centre via coach training and recruitment, delivery of staff hours and programme management and to provide materials, valuation and inclusion resources.
Main Grants Lottery Fund - To provide funding for a programme manager for two years at 12 hours per week to launch and deliver the BHS 's Changing Lives through Horses programme.
.
Masonic Lodges - Provided in order to allow the charity to purchase a new horse to continue the charitable activities.
Endowment funds
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 | September | 31 | August 2 | ||||
| 2024 | Income | Expenditure | 025 | ||||
| £ | £ | £ | £ | ||||
| Facility Construction Fund | 1998 | 537,596 | – | (28,855) | 508,741 | ||
| ================================= | ============== | ============================= | ================================= | ||||
| At | At | ||||||
| 1 | September | 31 | August 20 | ||||
| 2023 | Income | Expenditure | 24 | ||||
| £ | £ | £ | £ | ||||
| Facility Construction Fund | 1998 | 566,921 ================================= |
– ============== |
(29,325) ============================= |
537,596 ================================= |
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.
24
Docusign Envelope ID: B7A49879-E38A-4714-B1A9-8E87F16370D4
The R.D.A. Centre In Cleveland Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 August 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2025 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | 473 | – | 508,268 | 508,741 |
| Current assets | 63,953 | 47,528 | – | 111,481 |
| Creditors less than 1 year | (10,854) | – | – | (10,854) |
| ----------------------------- | ----------------------------- | --------------------------------- | --------------------------------- | |
| Net assets | 53,572 | 47,528 | 508,268 | 609,368 |
| ============================= | ============================= | ================================= | ================================= | |
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2024 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | 630 | – | 537,596 | 538,226 |
| Current assets | 107,701 | 4,056 | – | 111,757 |
| Creditors less than 1 year | (34,688) | – | – | (34,688) |
| --------------------------------- | ------------------------ | --------------------------------- | --------------------------------- | |
| Net assets | 73,643 | 4,056 | 537,596 | 615,295 |
| ================================= | ======================== | ================================= | ================================= |
23. Analysis of net assets between funds
25