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← Thanet Disabled Riding Centre

2025-06-30-accounts

Charity registration number 1104103 (England and Wales)

THANET DISABLED RIDING CENTRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

THANET DISABLED RIDING CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms C D Evans Mr R K Evans - Resigned Ms A J Setterfield Mr R C Putney Mr TA Millard Ms D Hill Ms A Collett

(Appointed 2 July 2025)

Charity number (England and Wales) 1104103

Independent examiner

Mark Hurdman BA(hons) FCA 3 Lloyd Road Broadstairs Kent CT10 1HY

THANET DISABLED RIDING CENTRE

CONTENTS

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Page
Trustees’ report 1
Independent examiner's report 2
Statement of financial activities 3
Balance sheet 4
Notes to the financial statements 5-9
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THANET DISABLED RIDING CENTRE

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025 gerneaC The trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The center has been running for over 30 years (although formerly known as the "Thanet Riding for the Disabled Association"). The center is a self contained yard that in normal years caters for approximately 40 disabled people per week. Our philosophy is - if we have a suitable horse, we will take the rider. We never discriminate, regardless of the rider disabilities.

Achievements and performance

Significant activities and achievements against objectives The trustees continue to achieve the objectives of the charity.

Financial review

During the period the charity had a decrease in net assets of over £4,000. The balance of funds at the year end were in excess of £66,000 and the trustees will review the optimum position regarding these funds to further their objectives.

Structure, governance and management

The riding proves to be extremely beneficial to children with multiple learning difficulties. The riding and participation in various games enables them to experience multi-sensory activities.

The riding enables the children to develop in the following areas:

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

Ms D Hill Trustee Date: Slale2e

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THANET DISABLED RIDING CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THANET DISABLED RIDING CENTRE

| report to the trustees on my examination of the financial statements of Thanet Disabled Riding Centre (the charity) for the year ended 30 June 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

| report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. | understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

| haye no concerns and have come across no other matters in connection with the examination to which attention sholild be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

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Mark Hurdman BA(hons) FCA
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3 Lloyd Road Broadstairs

Kent

CT10 1HY

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Dated: [S\sl22]
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THANET DISABLED RIDING CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 3 92,628 139,818
Investments 4 1,332 1,248
Total income 93,960 141,066
Expenditure on:
Charitable activities 5 97,964 104,084
Total expenditure 97,964 104,084
Net income/(expenditure) and movement in funds (4,004) 36,982
Reconciliation offunds:
Fund balances at 1 July 2024 71,311 34,329
Fundbalancesat30June2025 67,307 71,311

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

28%

THANET DISABLED RIDING CENTRE

BALANCE SHEET

AS AT 30 JUNE 2025

2025 2024
Notes £ £ £ £
Current assets
Cash at bank and in hand 67,307 71,765
Creditors: amounts falling duewithin 10
one year “ (454)
Netcurrent assets 67,307 71,311
The funds ofthe charity
Unrestricted funds 11 67,307 117314
67,307 71,311

The financial statements were approved by the trustees on S|2,) 202 -

Ms D Hill Trustee

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THANET DISABLED RIDING CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Grounds of Maurice House, Callis Court Road, Broadstairs, Kent, CT10 3AH.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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

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

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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

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

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THANET DISABLED RIDING CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

(Continued)

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

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

1.6 Cash and cash equivalents

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

Basic financial assets

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

Basic financial liabilities

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

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

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

Derecognition of financial liabilities

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

1.7 Employee benefits

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

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

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THANET DISABLED RIDING CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 73,838 125,630
Donated goods and services 18,790 14,188
92,628 139,818

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,332 1,248

ats

THANET DISABLED RIDING CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

5 Expenditure on charitable activities

Expenses Expenses
2025 2024
£ £
Direct costs
Honoraria andwages 60,947 50,896
Rent 438 1,062
Rates and water 779 597
Light and heat 1,025 1,061
Equipment and fabric 10,182 23,832
Insurance and British Horse Society inspections 6,128 5,740
Telephone 548 385
Vet 5,790 4,354
Hay, straw, feed and shavings 5,310 5,532
Stable consumables 6,624 6,625
Livestock purchase - 4,000
Other charitable expenditure 193 -
97,964 104,084
Analysis byfund
Unrestrictedfunds 97,964 104,084

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
5 22

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

8 Taxation

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

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THANET DISABLED RIDING CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

9 Loans and overdrafts

Loans and overdrafts
2025 2024
£ £
Bank overdrafts 2 454
Payable within one year - 454
Creditors: amounts falling due within one year
2025 2024
Notes £ £
Bankoverdrafts 9 - 454

10 Creditors: amounts falling due within one year

11. Unrestricted funds

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

At 1 July 2024 Incoming Resources At30 June
resources expended 2025
£ £ £ £
General funds 71,311 93,960 (97,964) 67,307
Previous year: At 1 July 2023 Incoming Resources At30 June
resources expended 2024
£ £ £ £
Generalfunds 34,329 141,066 (104,084) 71,311

12 Related party transactions

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

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