th 7 November 2023. Chairmans Report 202212023. l arn delighted to report on another very successful year for Penniwells. Demand for our services remains extremely high and we continue to make inroads into the waiting list. l am really pleased to say say we have been able to extend our seplices to meet the demand from m*ly young people who have suffered emotionally from from lapses in education and life in general. Also we are hoping to expand on Tea with a Pony, a8ain meeting a demand. Our core business of course is 80ing strenghth to strength, this is due to expanding in house trainin8 for our Staff, coupled with training days for others. I think you are all avre of some of the exciting things we have in the pipeline, expandin8 and infiovating. However for me this meetin8 is really only about one thing, that is the thanks we owe to our army of volunteers, as. We always say we cant do it without them. Also to our trusty Trustees, you are all a joy to work with, Penniwells is the special place it is thanks to the input from all of you. We always say it is a people business and this is where we have to thank Penniwells Staff for their professionalism and can do atkntude, putting on smiles on so many facesl Sarah as always a very special leaderl So thanks to of you.
This report has been in accordance with recommended practsce in accordance of the special provions of Part Vll of the Companies Act 1985. Approved by the Management Committee on ................. And sign its 6ehal RDA Centre. .. ... Id, Chairman Penniwells
Ridlng contlnue5to grow at Penntwems wth us he•thry In the right dire(tKn ol reathlftg ourcap•dty of 140 riders attending eath It has beentough getting numbers of riders and vdunteers b•¢k up to there wewere before cobid. We have a l staff vac3rKywith a ¢ontlnual growiwd number of volunteers ol all a8e5. Thedaity thallenee of riders, unteerS3nd se$05 Is owifig and annot be athieved without the dedthon and hard work of the wholeteam. We will continue to encourate more ¥rlunteers tocome dallv. Pennlwells wnt(nues to Prowdeoprtul0rtht to be ¢ompetfjUN •nd with the guId¥r 018ood co¥hes and horses. AJI rldersare 81sieveryopp¢rtuntyto in whatthey do. Thls l•¢ludes tyjr therapy rlderswho are It4rniryto t up, Mnprovetheir balance and 5trfjve to be more Independent on the horses. ROAthamplonshlpstook place baat Hartpury Colle8e, Gloucester Julv 2022. This was a quleterthan usual yearas we st41 vebjm post ¢4)Ad. The weekend wa5 also cut shyt asihe ndaywa$ urKdled dueto extraordIrrI¥ h)t her. All staff 8refultyquled wlthin RDA¥rfl rvattend tralrlrydays and COU to Improvethdr sklllsand ablIVt0 (oaththe rfders. The ponyteam Is somethirw PeThniwell$ ¢Jrmt do wIth0-The ponles areall wdl traiThed for the work we do wlth oryolng assessments and plars put in place a5 required. We art always lookin8 out for hofses Ind ponles forthefutureand try to keep • sp•¢ta11•ble should the perfert one Come alon8. We ha% purthased Frankleand &widuthqSeptember 2022. Theslmulator Is pro¥lrqto be•ye¥t In¥e51ment alwe ¥elw rlders Improb4r*thelr $kll. Thank you toall thost Invol¥ed IsmaWrqtht pmie¢t $0 su¢cesslul. It Is a1s0verypopularwh non- dls•bled rlders comh¥lor sessth5. I hope to see theenthuslasm and commltsnentfrom everyone Inwl¥ed wlth Penn14veUs contlnue In the future-we have alantastk team of stsff. Iduntee, horses. Thankyou to everyonefor belnga part of makhy Pennhvells RDA Centre suth a hl8hly succesrful and well-respecied Centre across the UK. Sarah HealSng Signed RDAAdvanced Coath & M•tor tLkli4fJ Centre Manager
PENNIWELLS RIDING CENTRE FOR THE DISABLED
Registered Charity Number: 1120263 Company Registered Number: 6237059
ACCOUNTS FOR THE YEAR ENDING 31st MARCH 2023
Penniwells Riding Centre Profit and Loss April 2022 - March 2023
| Income Competition income Donations Fundraising Grants recieved HMRC JRS Riding fees Uncategorised Income Total Income Cost of Sales Freelance costs Total Cost of Sales Gross Profit Expenses Establishment Costs equipment expense Insurances maintenance Phone Costs Property Cost Rent Total Establishment Costs General Expenses Accountancy clothing competition costs Fundraising Fundraising costs Office/General Administrative Expenses Printing, Postage and Stationery Vehicles Total General Expenses Payroll Expenses Pension Taxes Wages Total Payroll Expenses Pony Upkeep Total Expenses Net Operating Income Other Income Interest Earned Rent Income Total Other Income Other Expenses credit card charges Depreciation expense Total Other Expenses Net Other Income Net Income |
Apr 2022 - Mar 2023 Apr 2021 - Mar 2022 |
|---|---|
| 4,566.00 144.00 88,727.21 80,560.67 48,828.41 13,386.08 12,401.00 19,500.00 410.79 70,623.05 76,217.22 1,745.00 1,902.97 |
|
| £ 226,890.67 £ 192,121.73 193.34 |
|
| £ 193.34 £ 0.00 |
|
| £ 226,697.33 £ 192,121.73 293.18 1,647.25 8,778.84 6,550.28 7,763.09 25,448.60 829.71 756.39 2,343.10 4,276.96 1,592.40 222.30 |
|
| £ 21,600.32 £ 38,901.78 1,665.00 2,415.00 320.47 3,090.76 12.00 0.00 948.00 3,799.16 8,641.23 5,416.93 91.63 83.30 4,639.03 6,173.60 |
|
| £ 22,247.28 £ 15,048.83 1,917.36 1,743.48 2,948.83 2,618.60 92,265.42 87,460.28 |
|
| £ 97,131.61 £ 91,822.36 34,258.74 32,817.46 |
|
| £ 175,237.95 £ 178,590.43 |
|
| £ 51,459.38 £ 13,531.30 120.81 12.54 2,218.00 2,088.00 |
|
| £ 2,338.81 £ 2,100.54 3.11 5,809.00 5,716.00 |
|
| £ 5,812.11 £ 5,716.00 |
|
| -£ 3,473.30 -£ 3,615.46 |
|
| £ 47,986.08 £ 9,915.84 |
Penniwells Riding Centre Balance Sheet As of March 31, 2023
| Fixed Asset Tangible assets Fixtures and Fittings Cost Fixtures and Fittings Depreciation Tack Tack Depreciation Total Tangible assets Total Fixed Asset Cash at bank and in hand Bank Cash on hand Savings Total Cash at bank and in hand Debtors Debtors Total Debtors Current Assets Prepayment- insurance Stock Asset Total Current Assets Net current assets Creditors: amounts falling due within one year Trade Creditors Creditors Total Trade Creditors Current Liabilities Payroll Liabilities HMRC Other Deductions Pension Total Payroll Liabilities Payroll Liabilities ( 36 ) HMRC Total Payroll Liabilities ( 36 ) VAT Control Current Liabilities Total VAT Control VAT Suspense Total Current Liabilities Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets less current liabilities Total net assets (liabilities) |
As of Mar 31, 2023 As of Mar 31, 2022 |
|---|---|
| 46,435.42 44,949.00 -28,594.00 -22,895.00 1,044.00 1,044.00 -714.00 -604.00 |
|
| £ 18,171.42 £ 22,494.00 |
|
| £ 18,171.42 £ 22,494.00 67,070.21 25,085.80 20.00 20.00 44,323.35 44,202.54 |
|
| £ 111,413.56 £ 69,308.34 104.00 13,293.00 |
|
| £ 104.00 £ 13,293.00 3,704.19 1,482.00 2,000.00 2,000.00 |
|
| £ 5,704.19 £ 3,482.00 |
|
| £ 117,221.75 £ 86,083.34 0.00 0.00 |
|
| £ 0.00 £ 0.00 -381.21 0.00 0.00 0.00 0.00 0.00 |
|
| -£ 381.21 £ 0.00 0.00 0.00 |
|
| £ 0.00 £ 0.00 -140.69 492.37 -1,601.08 0.00 |
|
| -£ 1,741.77 £ 492.37 0.10 0.00 |
|
| -£ 2,122.88 £ 492.37 |
|
| -£ 2,122.88 £ 492.37 |
|
| £ 119,344.63 £ 85,590.97 |
|
| £ 137,516.05 £ 108,084.97 |
|
| £ 137,516.05 £ 108,084.97 |
Capital and Reserves
Restricted Funds Competition Funds
901.00
901.00
| Equipment Funds Pony Funds Total Restricted Funds Retained Earnings Unrestricted Funds Profit for the year Total Capital and Reserves |
17,310.00 17,310.00 8,931.00 27,486.00 |
|---|---|
| £ 27,142.00 £ 45,697.00 9,374.97 -540.87 53,013.00 53,013.00 47,986.08 9,915.84 |
|
| £ 137,516.05 £ 108,084.97 |
Penniwells Year End 31/03/23 Fixed Assets Schedule 3
| Fixture & Fittings Equipment Merc Horse New Trailer Massey Tractor Horse Box Field ( Road) horse box horse box Tack Ponies |
b/f 31/03/2021 137 15,241 2,403 349 3,268 880 22,277 |
Additions | Transfers | Depreciation 34 3,810 601 87 817 220 5,569 147 - 5,716 |
c/f 31/03/2022 103 11,431 1,802 262 2,451 660 5,345 22,053 440 1 22,494 |
Additions | Transfers | Depreciation 26 2,858 451 65 613 165 1,336 186 5,699 110 - 5,809 |
c/f 31/03/2 77 8,573 1,352 196 1,838 495 4,009 1,301 17,840 |
|---|---|---|---|---|---|---|---|---|---|
| 5,345 5,345 |
1,486 1,486 |
||||||||
| 587 1 |
330 - |
||||||||
| 22,866 | 18,171 |
Tack Nominal value Ponies nominal value Others 25% reducing vlaue
PENNIWELLS RIDING CENTRE FOR THE DISABLED Notes to the Accounts
Note 1. Basis of preparation
1.1 Basis of accounting
These accounts have been prepared on the basis of historic cost in accordance with Accounting and Reporting by Charities-SORP 2005 and with Accounting Standards and with the Charities Act 1993.
1.2 Change in basis of accounting
There has been no change to the accounting policies since last year.
1.3 Changes to previous accounts
No changes have been made to accounts for the previous years.
Note 2. Accounting policies
This standard list of accounting policies has been applied by the charity.
2.1 INCOMING RESOURCES
Recognition of incoming resources
These are included in the accounts when:
-
the charity becomes entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
� the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included when the charity has unconditional entitlement to the resources.
Contractual income and performance related grants
This is only included in the accounts once the related goods or services have been delivered.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual repo Investment income
This is included in the accounts when receivable.
2.2 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised when there is a legal or constructive obligation committing the charity to pay out resources. 2.3 ASSETS
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost o reasonable value on receipt. Some assets are retained as a nominal sum.
Penniwells Building
The Penniwells building was completed in November 2007 at a cost of £264,349 from monies donated from the Harr Weald Fund. Given the use of this special fund, the Trustees have decided not to capitalise the costs of the buildin therefore no depreciation is charged.
Note 3 Staff and Trustees.
Trustees
3.1 During the year no Trustees of the charity received remuneration in respect of their duties.
3.2 No Trustees of Penniwells asked for payment of expenses incurred.
Staff
3.3 Staff costs
Staff Remuneration was £ 97,131
3.4 The staff numbers are the same as last year at 4.
3.5 All staff employed work on charitable activities providing the service which covers the charitie's objectives.
PENNIWELLS RIDING CENTRE FOR THE DISABLED Notes to the Accounts (continued)
Note 4. Tangible fixed assets.
4.1 Cost or valuation
These assets are shown on Schedule 3 in the accounts.
4.2 Accumulated depreciation and impairment provisions
The depreciation provisions, disposals and additions are shown on Schedule 3 in the accounts.
Note 5. Investment income
The Charity has an investment account at the Metro bank where its funds are held.
Note 6. Prepayments
This figure of £3704 is made up of prepaid insurance the policies run from April and August.
Note 7. Creditors and accruals
HMRC PAYE is a creditor -£381.21 as is VAT -£1741.77
Note 8. Endowment and restricted income funds
Funds held and Fund movements
Restricted funds are shown on in the accounts.
8.1 Pony Fund-money given with the specific purpose of purchasing ponies and their tack etc for use by Penniwells. It was requested that money donated be For the electric Horse
8.2 Competition Funds- this is money raised specifically for Para Equestrian competition. There was a shortfall which was met from general donations.
8.3 Equipment-money allocated for equipment for the charity.
Note 9. Unrestricted funds
Reserves policy
Under present and foreseeable circumstances the Trustees believe it is prudent to seek to hold an Emergency Fund (unrestricted and undesignated) for Penniwells, derived from accumulated income sufficient to meet up to 12 months expenditure. For 2022/23 this would amount to approximately £175,000 compared with the Emergency / General Fund of £110,374 at 31st March 2023.
L•1 17 L• 77 4,,1.,
INDEPEIIDElEx4m1PIEAS REPOKYTOTNE TrUSTEES OFThE PENNIWEUSAthNG FORIHE D15AOiEO 1am reportiri8to thette¢S01 the Penrthve115 Rldity For Thp Dlsabled on its ac¢ountln re5pectoftheveaf énded 31st March 2023. The CharitStrUstee5 are responsible lor thE preparation of accouTht The trwtees cvnyrter thatthe audll ts not regulred lorthi5ywr under sedlorb43121 olthe Ch¥llk5 1933 (the ktl andthai ar• Indepethdent exarninaiion Is reqLsired. tt Isrny rtsp¢msfibllttyto ex3mlne the a¢Unts (under 431311alof theAttI: to followthe prour¢S laid down in theGenwal re¢lor681 tr4 tharftyCommlssknrrs lundÈrsecYon 4317blof the Acil to 5tste whether parttcutsr matters ha% come to my attentlon My examink)n was carried out in accwdantr wtth the General Direc¢ion5 bythe CharityComm155igners. examination indudes a reviewof the accountin8records kepttythe thaiity and a comparison of the accounts wesented with those record5. ttalso indudes consideration of any unusual Iiemsordiscknuts In tl a¢t)ut. aThjseekI wjlarwtionsfrom you a5 trustÈes COArntn8 any such matter& The protedure5 Ltnderyaken do not provide all theLwfjer th woukl be rewlred by¥naudit and consequentty I do mot express an audit opinion onihewew given bythe Independent ExamlnerfsSt*ement In tonnection with rnyexafflin3ti0n. no matterha5 corneto myattemtion.. 111 whith give5 Me rea50nabfe cause to believe that tn anymatsrial respettthefequwernts - keep artOLrnting records ITr accordano with se(tron41 of the 1933 kL ar .tO PTepare accounts wlych accord with the untin8 rE¢ords comptywith the ac£ountin8 requlrements ofthe 1993 Artand the regulaitons made there under have not been mel or 121 to whtth. in myopinion. attention str1d bedrawm in orderto enable a Under$ngoftheaC£OUffttst0 be wched Si8rted Narfte ,Ms S CoWe D3te'. l¥J4J 2013