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← The Shelley Centre For Therapeutic Riding

2025-03-31-accounts

Registered number: 05668971 Charity number: 1113636

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING

(A Company Limited by Guarantee)

a CONTENTS

Pages
Reference and Administrative Details ofthe Charity, its Trustees and Advisers 1
Trustees’ Report 2-5
Independent Examiner's Report 6-7
Statement of Financial Activities 8
Balance Sheet 9
NotestotheFinancialStatements 10-21

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Jan Derbyshire, Trustee Diane Godfrey, Trustee (resigned 31 January 2025) Ruth Snowling, Trustee Wendy Toogood, Trustee Cherry Crawford, Trustee Sarah Rixon, Trustee Deborah Bennett, Chair Sarah Tyrell, Trustee Louise Reynolds, Trustee Corinne Bundy, Trustee (appointed 4 July 2024)

Company Registered Number

05668971

Charity Registered Number

1113636

Registered Office

Shelley Road, Shelley, Ipswich, Suffolk, IP7 5Q0Y

Website

https:/Awww.shelleyrda.com

Company Secretary

Wendy Toogood

Honorary President

Jan Derbyshire

Independent Examiner

Scrutton Bland Limited, Fitzroy House, Crown Street, Ipswich, Suffolk, IP1 3LG

Bankers

Lloyds Bank Plc, Lloyds Avenue, Cornhill, Ipswich, Suffolk, IP1 1AX

Barclays Bank Plc, 1 Princes Street, Ipswich, Suffolk, IP1 1PN

Page 1

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their Annual Report together with the financial statements of the Charity (the "Charity" or the "Charitable Company’) for the year ended 31 March 2025. The Annual Report serves the purposes of both a Trustees’ Report and a Directors' Report under company law. The Trustees confirm that the Annual Report and financial statements of the Charitable Company comply with the current statutory requirements, the requirements of the Charitable Company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

Objectives and activities

a. Objectives, governance and management

The Shelley Centre for Therapeutic Riding is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 9 January 2006, amended 30 October 2007. It is registered with the Charity Commissioners (No. 1113636). The Charitable Company took over the activities and assets of the unincorporated entity with effect from 1 April 2006.

The first Trustees of the Charity were the subscribers named in the Memorandum of Association. Further appointment of Trustees is formally approved by the management committee at the Annual General Meeting.

b. Objectives and organisational structure

The aim of the Charity is to promote the objectives of the Riding for the Disabled Association incorporating Carriage Driving, a charity registered under charity number 244108 ("The Association") by providing disabled people with the opportunity to ride to benefit their health and well-being. The Charity employs a stable manager and relies on the continuing help and dedication of volunteers.

Page 2

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING

(A Company Limited by Guarantee)

——<—$<——¥—X—————<=[{{££$${__——————— TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

a. Achievements and performance

In accordance with our objectives all riders work towards their own level of achievement. The quality of life of our children and adult riders with physical and learning difficulties is improved through the therapeutic value of riding, our teaching programme and special events. Physical well-being, confidence and communication skills are enhanced. Ongoing assessment and progress is monitored after every ride. The volunteer helpers receive training which is recorded. Coaches regularly update first aid and safeguarding training, and are assessed every three years.

In the past year the Centre has given 2,669 rides (2024: 2,279) to 162 riders (2024: 158).

b. Public benefit

The Trustees are aware of the need to consider that The Shelley Centre for Therapeutic Riding is meeting its obligation to provide public benefit. The Charity's objectives stated on page 2 shows that this is its aim, and it endeavours to accomplish this objective.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The reserves of the Charity are held with Barclays Bank plc. The Trustees wish to maintain unrestricted funds at a level which equates to approximately twelve months expenditure in order to protect the long term resilience of the Centre. This ensures sufficient funds for stable manager costs, equestrian costs, property maintenance, insurance, and management and administration costs.

Page 3

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING

(A Company Limited by Guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

c. Financial Review

The net deficit for the year ended 31 March 2025 amounted to £37,167 (2024 - deficit £41,290)

Fundraising, donations and strong reserves continued to ensure that the Centre had sufficient funds to continue its activities and make improvements to enhance the riding experience. Expenditure this year has included a horse purchase, a new surface for the arena, cctv equipment for the safety and welfare of the horses and fencing materials for planned work in the Spring and Summer in 2025,

Structure, governance and management

a. Constitution

The Shelley Centre for Therapeutic Riding is registered as a Charitable Company limited by guarantee and was set up by a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate its exposure to the major risks.

Members' liability

The Trustees of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.

Page 4

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING

(A Company Limited by Guarantee)

——————————oooEoEoEoEeEoEoyyoyeEeEEeEEeE—e—eE—eEeEeeeeeeE—————————

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

|

Statement of Trustees’ responsibilities

The Trustees (who are also the Directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

= eeoOas WM 202sa and signed on their behalf by: Sarah Rixon Trustee

Approved by order of the members of the Board of Trustees on =

Debayah Bennet Trustee

Page 5

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner's Report to the Trustee of The Shelley Centre for Therapeutic Riding

| report to the Charity's Trustees on my examination of the financial statements of The Shelley Centre for Therapeutic Riding (the "Charitable Company" or the "Charity") for the year ended 31 March 2025.

This report is made solely to the Charitable Company's Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that | might state to the Charitable Company's Trustees those matters | am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company's Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

As the Trustees of the Charity (and 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 financial statements of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the Charitable Company's financial statements accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently | express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the Independent Examiner's Statement.

Independent Examiner's Statement

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

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or 2. — the financial statements do not accord with those records; or

  2. 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

  3. 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).

Page 6

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR-THE YEAR ENDED 31 MARCH 2025

| 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.

Signed: ASSN

Dated: 9 July 2025

John Perry FCA

Scrutton Bland Limited Fitzroy House Crown Street Ipswich IP1 3LG

Page 7

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Restricted Unrestricted Total Total
funds funds funds funds
2025 2025 2025 2024
Notes £ £ £ £
Income from:
Donations and legacies 3 . 23,067 23,067 30,776
Charitable activities 4 . 22,784 22,784 21,102
Fundraising 5 - 25,816 25,816 17,325
Investments 6 - 2,019 2,019 1,459
Total income - 73,686 73,686 70,662
Expenditure on:
Charitable activities 11 104,452 104,463 109,992
Other expenditure 7 . 6,390 6,390 1,960
Total expenditure 11 110,842 110,853 111,952
Net expenditure (11) (37,156) (37,167) (41,290)
Transfers between funds 16 (989) 989 - -
Net movement in funds (1,000) (36,167) (37,167) (41,290)
Reconciliation of funds:
Total funds brought forward 1,000 . 306,672 307,672 348 962
Net movement in funds (1,000) (36,167) (37,167) (41,290)
Totalfundscarriedforward - 270,505 270,505 307,672

The Statement of Financial Activities includes all gains and losses recognised in the current and prior years.

The notes on pages 10 to 21 form part of these financial statements.

Page 8

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee) REGISTERED NUMBER: 05668971

rree

BALANCE SHEET AS AT 31 MARCH 2025

2025 2024
Notes £ £.
Fixed assets
Tangible assets 13 108,447 78,075
108,447 78,075
Current assets
Debtors 14 - 3,069
Cash at bank and in hand 170,817 236,931
170,817 240,000
Creditors: amounts falling due within one
year 15 (8,759) (10,403)
Net current assets 162,058 229,597
Total assets less current liabilities being a ———__—
net assets 270,505 307,672
Charity funds
Restricted funds 16 - 1,000
Unrestricted funds 16 270,505 306,672
Totalfunds 270,505 307,672

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the charity to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

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Page 9

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

eee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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 Shelley Centre For Therapeutic Riding, Shelley Road, Shelley, Ipswich, Suffolk IP7 5QY.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Shelley Centre for Therapeutic Riding meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in pound sterling, rounded to the nearest £1.

2.2 Going concern

The financial statements have been prepared on a going concern basis.

The Trustees consider that the Charity will be able to continue to operate and meet its liabilities as they fall due for the foreseeable future being a period of at least 12 months from the date of approval of these financial statements.

2.3. Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably. In

Page 10

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

ee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.3 Income (continued)

accordance with the Charities SORP (FRS 102) the volunteer time is not recognised.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 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. Direct costs attributable to a single activity are allocated directly to that activity.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing ENIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

.

Page 11

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7 Accounting policies (continued)

2.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Leasehold Improvements . Over the lease term on a straight line basis Arena - 10% straight line Audio Visual Equipment - 20% straight line Office equipment - Equipment - 20% straight line Alterations to Mechanical Horse - 10% straight line

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 12

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income is allocated to the appropriate fund.

  1. Income from donations and legacies
Restricted Restricted Unrestricted Total Total
funds funds funds funds
2025 2025 2025 2024
Donations - £ £
-		 Ee
.		 £
28,621
DBS Checks - - - 143
Donations . 20,353 20,353 -
Legacies - - - 1,012
Grants - 2,714 2,714 1,000
- 23,067 23,067 30,776
Total 2024 1,000 29,776 30,776
Income from charitable activities
Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
DonationsforRiding 22,784 22,784 21,102
  1. Income from charitable activities

Page 13

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

et ce NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

§, Raising funds

Income from fundraising events

Fundraising Events

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ .. -
25,816 25,816 17;325

6. Investment income

Bank Interest Received

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
2,019 2,019 1,459

7. Raising funds

Fundraising Costs

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ %
6,390 6,390 1,960

8. Expenditure on charitable activities

Unrestricted Costs

Activities
undertaken Total Total
directly funds funds
2025 2025 2024
£ £ £
104,463 104,463 109,992

Page 14

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

Raa

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Expenditure on charitable activities (continued) Analysis of direct costs

Total Total
funds funds
2025 2024
£ £
Staff Costs 28,325 36,994
Purchase of horses 1,500 10,000
Feed etc. 10,788 7,605
Equine services, Horse therapy and Transport 2,919 4,389
Rugs and Saddlery 638 2,771
Farrier 4,785 4,305
Vet 8,921 9,119
Loss on disposals 183 -
Property and General Repairs 5,712 4,226
Maintenance 6,028 3,878
Electricity 2,746 1,966
IT and Telephone 1,157 1,072
Literature, Postage and Stationery 1,606 1,477
Insurance 3,714 3,053
Miscellaneous Expenses 4,295 8,133
Clothing 157 -
First Aid, Health and Safety 855 591
Trophies, Cups and Rosettes 512 295
Depreciation 16,653 6,735
RDA Expenses 257 320
Payroll Processing 360 360
DBS Checking 192 277
Governance costs (See Note 9) 2,160 2,426
104,463 109,992

Page 15

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

  1. Governance costs

Independent Examiner's Fees

2025 2024
£ £
2,160 2,016

10. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,160 (2024 - £2,016), and payroll processing services (shown in direct costs) of £360 (2024 - £360).

11. Staff costs

2025 2024
£ £
Wages and Salaries 27,500 35,917
Other pension costs 825 1,077
28,325 36,994

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Stable Manager 1 1

No employee received remuneration amounting to more than £60,000 in either year.

12. Trustees' remuneration and expenses

The Trustees are considered to be key management personnel, no remuneration was paid, or expenses reimbursed to the Trustees during the year for their qualifying services (2024 - ENil).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - ENIL). Amounts have been re-imbursed to trustees where they have used personal funds for Centre purchases.

Page 16

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

  1. Tangible fixed assets
Alterations
Assets Audio to
Leasehold under visual mechanical
Arena improv'ts Equip't construction equip't horse Total
£ £ £ £ £ £ 8
Cost or valuation
At 1 April 2024 11,003 53,924 80,825 - 1,038 4,076 150,866
Additions 38,377 - 989 8,542 - - 47,908
Disposals (11,003) - (1,000) - - - (12,003)
At 31 March 2025 38,377 53,924 80,814 8,542 1,038 4,076 186,771
Depreciation
At 1 April 2024 11,003 5,736 52,566 - 1,038 2,448 72,791
Charge for the year 2,901 6,884 6,460 - - 408 16,653
On disposals (11,003) - (117) - - ~ (11,120)
At 31 March 2025 2,901 12,620 58,909 - 1,038 2,856 78,324
Net book value
At 31 March 2025 35,476 41,304 21,905 8,542 - 1,220 108,447
At31March2024 _
-		 48,188 28,259 anek - 1,628 78,075
  1. Debtors
2025 2024
£ £
Due within one year
Other debtors - 315
Prepayments and accrued income - 2,754
- 3,069

Page 17

THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Creditors: Amounts falling due within one year

2025 2024
£ £
Trade creditors 2,127 4,516
Other taxation and social security 1,149 1,082
Other creditors 2,164 2,019
Accruals and deferred income 3,319 2,786
8,759 10,403

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THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

crca cre en eee en NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 Transfers 31 March
April 2024 Income Expenditure in/out 2025
£ £ £ £ £
Unrestricted funds
General Funds- all funds 306,672 73,686 (110,842) 989 270,505
Restricted funds
Restricted Funds - all funds 1,000 - (11) (989) -
Total offunds 307,672 73,686 (110,853) - 270,505
Statement offunds - prior year
Balance at
Balance at Transfers 31 March
1 April 2023 Income Expenditure in/out 2024
E £ £ £ £
Unrestricted funds
General Funds- all funds 345,962 69,662 (111,952) 3,000 306,672
Restricted funds
Suffolk County Council Grant 3,000 - - (3,000) -
Drax Charity Committee - 1,000 - - 1,000
3,000 1,000 - (3,000) 1,000
Total of funds 348,962 70,662 (111,952) _
.		 307,672
RestrictedFunds

Drax Charity committee

These funds were awarded in March 2024 towards the cost of new saddlery, which was purchased in the year. Due to the grant being for the purchase of a fixed asset, the funds have been transferred from restricted funds to unrestricted funds.

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THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

————————

a aaa NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 Transfers 31 March
April 2024 Income Expenditure in/out 2025
£ e £ £ £
General funds 306,672 73,686 (110,842) 989 270,505
Restricted funds 1,000 - (11) (989) -
307,672 73,686 (110,853) - 270,505

Summary of funds- prior year

Balance at
Balance at Transfers 31 March
1 April 2023 Income Expenditure in/out 2024
£ £ £ £ £
General funds 345,962 69,662 (111,952) 3,000 306,672
Restricted funds 3,000 1,000 - (3,000) 1,000
348,962 70,662 (111,952) - 307,672
  1. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted Total
funds funds
2025 2025
£ £
Tangible fixed assets 108,447 108,447
Current assets 170,817 170,817
Creditors due within one year (8,759) (8,759)
Total 270,505 270,505

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THE SHELLEY CENTRE FOR THERAPEUTIC RIDING (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

18. Analysis of net assets between funds (continued)

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Analysis of net assets between funds- prior year

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||||||||| |---|---|---|---|---|---|---|---| |Restricted|Unrestricted|Total| |funds|funds|funds| |2024|2024|2024| |£|£|£| |Tangible|fixed|assets|-|78,075|78,075| |Current|assets|1,000|239,000|240,000| |Creditors|due|within|one|year|-|(10,403)|(10,403)| |Total|1,000|306,672|307,672|

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19. Share capital

The Charity is a Company limited by guarantee and does not have share capital. Every member of the Charity undertakes to contribute to the assets if the Company in the event its being wound up which he or she is a member, or within one year afterwards, for payment of the debts and liabilities of the Company contracted before they cease to be a member, and the costs, charges and expenses of winding up for the adjustment of the rights of the contributories among themselves as such an amount as may be required not exceeding £1. If upon winding up or dissolution of the Charity there remains, after satisfaction of all its debts and liabilities, any property whatsoever, it shall not be distributed among the members, but shall be given or transferred to some other institution(s) having similar objects to the Charity.

20. Capital commitments

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Contracted|for|but|not|provided|in|these|financial|statements| |Acquisition|of tangible|fixed|assets|3,210|24,787|

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21. Related party transactions

There have been no related party transactions in either the current or prior year.

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