PENNIWELLS RIDING CENTRE FOR THE DISABLED Registered Charitv Number: 1120263 Company Registered Number: 6237059 ACCOUNTS FOR THE YEAR ENDING 31st MARCH 2024 Penniwells Riding Centre Profit and Loss April 2023 . March 2024 Totsl Apr 2023- Alar Apr 2022- IAar 2024 2023 IPY) In¢omo 3,240.00 4,566.Ql DonaUon$ 46,￿4.16 18.￿.62 88.745.21 Fundraising 48,828.41 18,185.IXI 77.453.Tl 12,401.C 70.605.05 Ridlng fees 1.233. 1.745.00 T¢)tsl Incorne 165.651￿5 226.890.67 Cost of Salo3 Freelan¢¢ ¢05ts 193.34 Totsl Cost t>f S4ks ojjo 193.34 16&651J5 6.697J3 Exponsos ¢on$tsllanty EstablishmentC¢)•ts 8qulpment expens• 2.327.13 293.18 10,010.85 8.778.84 malntsnance 8,350.20 7.763.09 Phone Costs 384.57 829.71 Property Cost Rent 4.49324 2,343.10 97827 1.592.40 Total EstsbllshmÈniC05ts 21￿.32 General Exper Accourrtancy clothing li￿.00 1.665.00 2,617.64 320.47 55.98 3,090.76 Fundralglng FufNlraL%ing GOSIS ¢)ffteJGènÈrzl Adminlslrat6￿ Expenses Prib¥ting, P05tsge and Stath)nery Vehicfes I.OT5.01 3.799.16 10.258.82 8.641.23 91.63 4.407.WJ 4.639.03 Totsl General Expens05 IntefestPayable Payroll Expensos P•won 23.51528 15.04 2124728 2.097.43 1.917_36 Taxes 3.620.42 2.948.83 92.%5.42 97,131.61 34.258.74 14Vgges Total Payroll Exp¢nsts Pony Upkeep Total Expens•s Netopeyaiing Incom Other Incorne 111.361.2g 117,079.14 41,485.86 17S237.95 $9J8 hrtere$t Earned 470.69 120.81 Rentlncon 3.767.30 2.218_00 Totsl Other Incomo 4237.99 2J38A1 Olher Expenses redit Ga￿ charges DeP￿la110￿ expens• Totsl Other Expenses P4•tOtherlneorne 3.11 4.W.(M) 5.809.00 4,662.00 1424.011 I44767￿} 5.812.11 13,473.301 47.986.08 Ntrtln¢ome Penniwells Riding Centre Balance Sheet As of March 31, 2024 Asof Mar31, 2024 AsofMar31. 2023 Fixed Asso1 Fixtures and Ftttings C¢)st Fthires and Fttdngs DeP￿ti•t19Th Tack 47,516.14 46.435.42 133.173.(X)I 1,044. r197 001 28.594 001 1,044.CKI 1714 001 18,171.42 Tack Depreciation Total Fixed Asset 14650.14 Cash at ￿nk and in hand Bank 26.41272 67,070.21 Cash on hand Savings Total Cash at bank and in hand 44,794.04 44.323.35 71226.76 111.413.56 Debtors Debtoys 378.(K) 104.00 Totsl Debtors 378.00 104.00 Current Assets P￿paYme1rt- insuran¢e Stock Asset 3,767.94 2.000.00 3.704.19 2,000.00 Total Current Assets 5.767.94 5,704.19 Net current assets 77.372.70 117.221.75 Credit015: amourts falllTr9 due within one year Trnde Creditors CrÈdÉwf5 Totsl Trade Crèditor Current Liabilities Payroll LiabllrtiOS HMRC 883.14 1381.21) Other Deductions PÈnsion 0.00 Total Payroll LFabilities VAT Control 883.14 1381.211 1140.69) 11 601 081 11.741.771 o.io (203.691 12.415 081 {1618.77) 0.10 Current Liabilities Total VAT Control VAT Su5peF15 Total Current Liabilkties 11.735.531 11.735.S31 79.108.23 12.122.881 12,122.881 119,344.63 Total Cr0dE￿I5.. amounts falling due within one year Net current assets (liabilities) Total assets less ¢urrent liabilities 93.758.37 137.516.05 137.518.05 Total net assets {liabilitiesl 94758.37 Capital and Reserves Restrieted Funds CompotÈlion Funds Equipment Fund¥ Pony Funfl$ Totsl Restricted Funos 9J1.IXI )1.00 17.310.00 8.931.00 17.310.TrJ 8,931.00 27.14100 57.361.05 27,142.00 9.374.97 Retained Earnings Unrestsicted Funds 53.013.iy) 53.013.00 Profit for th• yè*r Totsl C4pital and Resep (43.757.68) 93,758.37 47.986.08 137.516.05 F[￿A￿ets 5thÈduh3 F￿re& Flthr EoulprhÈnt MÈrc Hor5E NewTTrNEr 103 11.431 25.73438 2&57.6F6 45DS625 19 1143 58 8573.027 51.688 195.1719 38.( 494.8S91 6,430 1.014 147 1.379 371 45 HoryÈBDX 2ASI 612. 164.gS31 ￿￿e bDx box hDrse b 3,007 975 1,022 14,402 325 L141 21053 s￿￿.037 17840.32 4.579 Tack Pon￿5 3>).32Bi 83 5Tr146 14,650 T* r40M￿￿4¥a1U Porits TKthknalv&lu Others 25*[Ed￿￿$¥& PENNIWELLS RIDING CENTRE FOR THE DISABLED Notes to the Accounts Note 1. Basis of ration 1.1 Basis of accounting These accounts have been prepared on the basis of historFC Cost in accordan￿ wtth A¢￿Unting and Reporting by Charities-SORP 2005 and wilh Accounting Standards and with the Charities Act 1993. 1.2 Change in basis of accounting There has been no change to the ac(x)unting policies since last year. 1.3 Changes to previous accounts No changes have been made to accounts for the previous years. Note 2. Accountin olicies This slandaid list of accounling policies has been applied by the thatity. 2.1 INCOMING RESOURCES Recognition of incoming resources These are included in the accounts when.. the charity becomes entitled to the resources" the truslees are virtually ￿rtain Ihey 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 perfom)ance related grants This is only included in the accounts once the related goods or ServI￿S have been delivered. Volunteer help The value of any voluntary help received is not induded in the aC￿￿nIS but is described in the tmstees, annual report. Investment income This is included in the accounts when receivable. 2.2 EXPENDITURE AND UABILITIES Liability recognition Liabilities are recognised when there is a legal or constructive obligation ¢ommÈtting the charity to pay out resources. 2.3 ASSETS Tangible fixed assets for use by charity These are capitalised rf they can be used for more than one year, and cost at least £500. They are valued al cost or a 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 donaled from the Harrow Weald Fund. Given the use of this special fund. the Trustees have decided not lo capitalise the costs of the building and therefore no depreciation is charged. Note 3 Staff and Trustees. Trustees 3.1 During the year no Trustees of the chartty 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 £117.079 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 tharitie's objectives. PENNIWELLS RIDING CENTRE FOR THE DISABLED Notes to the Accounts continued Note 4. Tan ible fixed assets. 4.1 Cost or valuation These assets are shown on Schedule 3 in the accourrts. 4.2 Accumulated depreciation and irnpailment prov15ions The depieGiation provisions. disposals and add￿on8 are shown on Sthedule 3 in the acrnunts. Note 5. Investment income The Chanty has an investment a(xount at the Metro bank where its funds are held. Note 6. Pre ments This figu￿ of £3767 is made up of prepa￿ Insuran￿ the policies run from Apn"l a￿1 August. Note 7. Creditors and accruals HMRC PAYE is a creditor £883.14 as is VAT -£2618.Tl Note 8. Endovfflient and restricted income funds Funds held and Fund movements Restricted funds a￿ 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 requesled that money donated be For the electric Horse 8.2 Coinpetition Funds- this is money raised specificalty for Para Equestrian compelioon. There was a shortfall which was met from genernl donations. 8.3 Equipment4noney allocated for equipment for the charfty. Note 9. Unrestricted funds ReSer￿S policy Under present and foreseeable CSfuJmStan￿s the Trust￿5 believe tt is pnJdent to seek to hold an Emergency Fund (unrestricted and undesignated) foi PennNellg. derived from accumulated income suffiaenl to meet up to 12 months expenditu￿. For 2023124 this would amount to approxtmately £208,985 compared with the Emergency l @neral Fund of £66.616 at 31st March 2024. INDEPENDEKf EXAMINE1￿ REPORTTO THETRvsfE&SOF THE PENNIWEUS RIDING FOR THE DI￿BLED l am reporting to the trustees of the Pennlwells Rldln8 For The Dlsabled Centre on ILS aciount lo resptttof the year ended 315t Marth 2024. Respective ReSpO￿lbilitieS of Tntstees and Examin The charitys ITUStees are responslbk torihe prepar41ion of ihe ac