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 av￿re 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(tK*n 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$￿0￿5 Is owifig and annot be athieved without the dedthon and hard work of the wholeteam. We will continue to encourate more ¥r*lunteers tocome dallv. Pennlwells wnt(nues to Prowdeop￿rtu￿￿l0rtht to be ¢ompetfjUN* •nd with the guId¥r￿* 018ood co¥hes and horses. AJI rldersare 81s*ieveryopp¢rtuntyto in whatthey do. Thls l•¢ludes tyjr therapy rlderswho are It4rniryto ￿t up, Mnprovetheir balance and 5trfjve to be more Independent on the horses. ROAthamplonshlpstook place baat Hartpury Colle8e, Gloucester Julv 2022. This was a quleterthan usual yearas we st41 vebjm post ¢4)*Ad. The weekend wa5 also cut sh*yt asihe ￿ndaywa$ urKdled dueto extraordIr￿rI¥ h)t ***her. All staff 8refultyqu￿￿led wlthin RDA¥rfl r￿￿￿vattend tralrlrydays and COU￿ to Improvethdr sklllsand ablI￿Vt0 (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•¢ta￿￿11•ble should the perfert one Come alon8. We ha%* purthased Frankleand &widuthqSeptember 2022. Theslmulator Is pro¥lrqto be•ye¥t In¥e51ment al￿we ¥e*lw rlders Improb4r*thelr $kll￿. Thank you toall thost Invol¥ed IsmaWrqtht pmie¢t $0 su¢cesslul. It Is a1s0verypopularw￿h 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., INDEPEIIDEl￿Ex4m1PIEAS REPOKYTOTNE TrUSTEES OFThE PENNIWEUSAthNG FORIHE D15AOiEO 1am reportiri8to thet￿￿te¢S01 the Penrthve115 Rldity For Thp Dlsabled on its ac¢ountln re5pectoftheveaf énded 31st March 2023. The Charit￿StrUstee5 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 pro￿ur¢S laid down in theGenwal ￿re¢l￿or681￿￿ tr4 tharftyCommlssknr*rs lundÈrsecYon 4317blof the Acil to 5tste whether parttcutsr matters ha%* come to my attentlon My examin*k)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 COA￿rntn8 any such matter& The protedure5 Ltnderyaken do not provide all theLw*fjer￿ 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 respettthefequwern￿ts - ￿ 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 str￿1d bedrawm in orderto enable a Under$￿￿ngoftheaC£OUffttst0 be wched Si8rted Narfte ,Ms S CoWe D3te'. l¥J4J 2013