PENNIWELLS RIDING CENTRE FOR THE DISABLED
Registered Charity Number: 1120263 Company Registered Number: 6237059
ACCOUNTS FOR THE YEAR ENDING 31st MARCH 2025
Penniwells Riding Centre Profit and Loss April 2024 - March 2025
| Income Competition income Donations Fundraising Grants recieved Legacy Income Pony Upkeep donations Riding fees Uncategorised Income Total for Income Cost of Sales Gross Profit Expenses consultancy Establishment Costs equipment expense Insurances maintenance Property Cost Rent Phone Costs Total for Establishment Costs General Expenses Accountancy clothing competition costs Fundraising costs Office/General Administrative Expenses Vehicles Total for General Expenses Payroll Expenses Pension Taxes Wages Total for Payroll Expenses Pony Upkeep Interest Payable Total for Expenses Net Operating Income Other Income Interest Earned Rent Income Total for Other Income Other Expenses credit card charges Depreciation expense Total for Other Expenses Net Other Income Net Income |
Apr 1 2024 - Mar 31 2025 Apr 1 2023 - Mar 31 2024 (PY) Total |
|---|---|
| 3,406.70 3,240.00 87,555.70 46,574.16 31,745.11 18,965.62 39,643.31 18,185.00 1,741.93 10,214.00 66,063.13 77,453.77 1,233.00 |
|
| £240,369.88 £165,651.55 |
|
| £240,369.88 £165,651.55 796.34 345.84 455.09 0.00 7,535.53 2,327.13 8,778.43 10,010.85 21,838.92 8,350.20 989.22 4,493.24 4,858.19 978.27 384.57 |
|
| £44,455.38 £26,544.26 73.72 0.00 2,362.00 2,100.00 1,253.08 2,617.64 2,972.23 2,255.98 2,775.33 1,875.01 8,669.48 10,258.82 3,093.47 4,407.83 |
|
| £21,199.31 £23,515.28 0.00 0.00 2,227.71 2,097.43 4,206.62 3,620.42 107,946.55 111,361.29 |
|
| £114,380.88 £117,079.14 76,988.89 41,485.66 15.04 |
|
| £257,820.80 £208,985.22 |
|
| -£17,450.92 -£43,333.67 459.19 470.69 2,088.00 3,767.30 |
|
| £2,547.19 £4,237.99 6.39 4,357.00 4,662.00 |
|
| £4,363.39 £4,662.00 |
|
| -£1,816.20 -£424.01 |
|
| -£19,267.12 -£43,757.68 |
Penniwells Riding Centre Balance Sheet
As of March 31, 2025
| Called up share capital not paid Fixed Asset Tangible assets Fixtures and Fittings Cost Fixtures and Fittings Depreciation Tack Tack Depreciation Total for Tangible assets Non-current Assets Total for Fixed Asset Cash at bank and in hand Bank Cash on hand Savings Total for Cash at bank and in hand Debtors Debtors Total for Debtors Current Assets Prepayment- insurance Stock Asset Total for Current Assets NET CURRENT ASSETS Prepayments and accrued income Creditors: amounts falling due within one year Trade Creditors Creditors Total for Trade Creditors Credit Cards Current Liabilities Payroll Liabilities ( 36 ) HMRC Total for Payroll Liabilities ( 36 ) Payroll Liabilities HMRC Other Deductions Pension Total for Payroll Liabilities VAT Control Current Liabilities Total for VAT Control VAT Suspense Total for Current Liabilities Total for Creditors: amounts falling due within one year NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES |
Total |
|---|---|
| As of March 31, 2025 As of March 31, 2024 (PY) |
|
| 54,530.44 47,576.14 -37,468.00 -33,173.00 1,044.00 1,044.00 -859.00 -797.00 |
|
| £17,247.44 £14,650.14 |
|
| £17,247.44 £14,650.14 15,441.94 26,412.72 20.00 20.00 35,253.23 44,794.04 |
|
| £50,715.17 £71,226.76 -430.00 378.00 |
|
| -£430.00 £378.00 3,482.56 3,767.94 2,000.00 2,000.00 |
|
| £5,482.56 £5,767.94 |
|
| £55,767.73 £77,372.70 |
|
| 0.00 0.00 0.00 0.00 |
|
| 0.00 0.00 0.00 0.00 1,964.21 883.14 |
|
| £1,964.21 £883.14 997.90 -203.69 -4,438.29 -2,415.08 |
|
| -£3,440.39 -£2,618.77 0.10 0.10 |
|
| -£1,476.08 -£1,735.53 |
|
| -£1,476.08 -£1,735.53 |
|
| £57,243.81 £79,108.23 |
|
| £74,491.25 £93,758.37 |
Creditors: amounts falling due after more than one year
| Provision for liabilities and charges Accruals and deferred income TOTAL NET ASSETS (LIABILITIES) Capital and Reserves Retained Earnings Net Income Opening Balance Equity Restricted Funds Competition Funds Equipment Funds Pony Funds Total for Restricted Funds Unrestricted Funds Total for Capital and Reserves |
|
|---|---|
| £74,491.25 £93,758.37 13,603.37 57,361.05 -19,267.12 -43,757.68 0.00 0.00 901.00 901.00 17,310.00 17,310.00 8,931.00 8,931.00 |
|
| £27,142.00 £27,142.00 53,013.00 53,013.00 |
|
| £74,491.25 £93,758.37 |
Penniwells Year End 31/03/25 Fixed Assets Schedule 3
| Fixture & Fittings Equipment Merc Horse New Trailer Massey Tractor Horse Box Field ( Road) horse box horse box horse box horse box stable block Tack Ponies |
b/f 31/03/2021 Additions Transfers 137 15,241 2,403 349 3,268 880 5,345 22,277 5,345 587 1 22,866 |
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 1,486 1,486 |
Depreciation 26 2,858 451 65 613 165 1,336 186 5,699 110 - 5,809 |
c/f 31/03/2023 77 8,573 1,352 196 1,838 495 4,009 1,301 17,840 330 - 18,171 |
Additions Transfers 1,141 1,141 |
Depreciation 19 2,143 338 49 460 124 1,002 325 119 4,579 83 - 4,661 |
c/f 31/03/2024 58 6,430 1,014 147 1,379 371 3,007 975 1,022 14,402 248 - 14,650 |
Additions Transfers 692 6,263 6,954 |
Depreciation 14 1,607 253 37 345 93 752 244 255 173 522 4,295 62 - 4,357 |
c/f 31/03/2025 43 4,822 760 110 1,034 278 2,255 732 766 519 5,741 17,061 186 - 17,247 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tack Nominal value Ponies nominal value
Others 25% reducing vlaue
26 2.858 451 65 613 165 1,336 186 77 8,573 1,352 196 34 3,810 601 87 817 220 103 11,431 1,802 262 2451 660 5,345 19 2,143 338 49 460 124 1,002 325 119 30 1,014 147 14 15 137 15241 154 J7 345 349 3268 880 10 495 4,009 p4e¥' Tr311ef 371 3,007 975 Isz 244 155 -173 5,345 1486 T52 eld 692 6,261 519 5699 17 r1 , <ablebknck 5569 22 053 22 277 5345 110 330 248 62 147 440 587 Tack Ponie 5,809 18,171 4,661 4.357 5,716 22,494 22,866 Tack Nomin31 value nomin31 value 25% reduci v13ue Cxhus
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 report. 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 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 donated from the Harrow Weald Fund. Given the use of this special fund, the Trustees have decided not to 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 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 £114,381
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 £3483 is made up of prepaid insurance the policies run from April and August.
Note 7. Creditors and accruals
HMRC PAYE is a creditor £1964 as is VAT -£3440
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 2024/25 this would amount to approximately £257,820 compared with the Emergency / General Fund of £47,349 at 31st March 2025.
PENNIWELLS RIDING CENTRE FOR THE DISABLED
Registered Charity Number: 1120263 Company Registered Number: 6237059
ACCOUNTS FOR THE YEAR ENDING 31st MARCH 2025
Penniwells Riding Centre Profit and Loss April 2024 - March 2025
| Income Competition income Donations Fundraising Grants recieved Legacy Income Pony Upkeep donations Riding fees Uncategorised Income Total for Income Cost of Sales Gross Profit Expenses consultancy Establishment Costs equipment expense Insurances maintenance Property Cost Rent Phone Costs Total for Establishment Costs General Expenses Accountancy clothing competition costs Fundraising costs Office/General Administrative Expenses Vehicles Total for General Expenses Payroll Expenses Pension Taxes Wages Total for Payroll Expenses Pony Upkeep Interest Payable Total for Expenses Net Operating Income Other Income Interest Earned Rent Income Total for Other Income Other Expenses credit card charges Depreciation expense Total for Other Expenses Net Other Income Net Income |
Apr 1 2024 - Mar 31 2025 Apr 1 2023 - Mar 31 2024 (PY) Total |
|---|---|
| 3,406.70 3,240.00 87,555.70 46,574.16 31,745.11 18,965.62 39,643.31 18,185.00 1,741.93 10,214.00 66,063.13 77,453.77 1,233.00 |
|
| £240,369.88 £165,651.55 |
|
| £240,369.88 £165,651.55 796.34 345.84 455.09 0.00 7,535.53 2,327.13 8,778.43 10,010.85 21,838.92 8,350.20 989.22 4,493.24 4,858.19 978.27 384.57 |
|
| £44,455.38 £26,544.26 73.72 0.00 2,362.00 2,100.00 1,253.08 2,617.64 2,972.23 2,255.98 2,775.33 1,875.01 8,669.48 10,258.82 3,093.47 4,407.83 |
|
| £21,199.31 £23,515.28 0.00 0.00 2,227.71 2,097.43 4,206.62 3,620.42 107,946.55 111,361.29 |
|
| £114,380.88 £117,079.14 76,988.89 41,485.66 15.04 |
|
| £257,820.80 £208,985.22 |
|
| -£17,450.92 -£43,333.67 459.19 470.69 2,088.00 3,767.30 |
|
| £2,547.19 £4,237.99 6.39 4,357.00 4,662.00 |
|
| £4,363.39 £4,662.00 |
|
| -£1,816.20 -£424.01 |
|
| -£19,267.12 -£43,757.68 |
Penniwells Riding Centre Balance Sheet
As of March 31, 2025
| Called up share capital not paid Fixed Asset Tangible assets Fixtures and Fittings Cost Fixtures and Fittings Depreciation Tack Tack Depreciation Total for Tangible assets Non-current Assets Total for Fixed Asset Cash at bank and in hand Bank Cash on hand Savings Total for Cash at bank and in hand Debtors Debtors Total for Debtors Current Assets Prepayment- insurance Stock Asset Total for Current Assets NET CURRENT ASSETS Prepayments and accrued income Creditors: amounts falling due within one year Trade Creditors Creditors Total for Trade Creditors Credit Cards Current Liabilities Payroll Liabilities ( 36 ) HMRC Total for Payroll Liabilities ( 36 ) Payroll Liabilities HMRC Other Deductions Pension Total for Payroll Liabilities VAT Control Current Liabilities Total for VAT Control VAT Suspense Total for Current Liabilities Total for Creditors: amounts falling due within one year NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES |
Total |
|---|---|
| As of March 31, 2025 As of March 31, 2024 (PY) |
|
| 54,530.44 47,576.14 -37,468.00 -33,173.00 1,044.00 1,044.00 -859.00 -797.00 |
|
| £17,247.44 £14,650.14 |
|
| £17,247.44 £14,650.14 15,441.94 26,412.72 20.00 20.00 35,253.23 44,794.04 |
|
| £50,715.17 £71,226.76 -430.00 378.00 |
|
| -£430.00 £378.00 3,482.56 3,767.94 2,000.00 2,000.00 |
|
| £5,482.56 £5,767.94 |
|
| £55,767.73 £77,372.70 |
|
| 0.00 0.00 0.00 0.00 |
|
| 0.00 0.00 0.00 0.00 1,964.21 883.14 |
|
| £1,964.21 £883.14 997.90 -203.69 -4,438.29 -2,415.08 |
|
| -£3,440.39 -£2,618.77 0.10 0.10 |
|
| -£1,476.08 -£1,735.53 |
|
| -£1,476.08 -£1,735.53 |
|
| £57,243.81 £79,108.23 |
|
| £74,491.25 £93,758.37 |
Creditors: amounts falling due after more than one year
| Provision for liabilities and charges Accruals and deferred income TOTAL NET ASSETS (LIABILITIES) Capital and Reserves Retained Earnings Net Income Opening Balance Equity Restricted Funds Competition Funds Equipment Funds Pony Funds Total for Restricted Funds Unrestricted Funds Total for Capital and Reserves |
|
|---|---|
| £74,491.25 £93,758.37 13,603.37 57,361.05 -19,267.12 -43,757.68 0.00 0.00 901.00 901.00 17,310.00 17,310.00 8,931.00 8,931.00 |
|
| £27,142.00 £27,142.00 53,013.00 53,013.00 |
|
| £74,491.25 £93,758.37 |
Penniwells Year End 31/03/25 Fixed Assets Schedule 3
| Fixture & Fittings Equipment Merc Horse New Trailer Massey Tractor Horse Box Field ( Road) horse box horse box horse box horse box stable block Tack Ponies |
b/f 31/03/2021 Additions Transfers 137 15,241 2,403 349 3,268 880 5,345 22,277 5,345 587 1 22,866 |
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 1,486 1,486 |
Depreciation 26 2,858 451 65 613 165 1,336 186 5,699 110 - 5,809 |
c/f 31/03/2023 77 8,573 1,352 196 1,838 495 4,009 1,301 17,840 330 - 18,171 |
Additions Transfers 1,141 1,141 |
Depreciation 19 2,143 338 49 460 124 1,002 325 119 4,579 83 - 4,661 |
c/f 31/03/2024 58 6,430 1,014 147 1,379 371 3,007 975 1,022 14,402 248 - 14,650 |
Additions Transfers 692 6,263 6,954 |
Depreciation 14 1,607 253 37 345 93 752 244 255 173 522 4,295 62 - 4,357 |
c/f 31/03/2025 43 4,822 760 110 1,034 278 2,255 732 766 519 5,741 17,061 186 - 17,247 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tack Nominal value Ponies nominal value
Others 25% reducing vlaue
26 2.858 451 65 613 165 1,336 186 77 8,573 1,352 196 34 3,810 601 87 817 220 103 11,431 1,802 262 2451 660 5,345 19 2,143 338 49 460 124 1,002 325 119 30 1,014 147 14 15 137 15241 154 J7 345 349 3268 880 10 495 4,009 p4e¥' Tr311ef 371 3,007 975 Isz 244 155 -173 5,345 1486 T52 eld 692 6,261 519 5699 17 r1 , <ablebknck 5569 22 053 22 277 5345 110 330 248 62 147 440 587 Tack Ponie 5,809 18,171 4,661 4.357 5,716 22,494 22,866 Tack Nomin31 value nomin31 value 25% reduci v13ue Cxhus
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 report. 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 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 donated from the Harrow Weald Fund. Given the use of this special fund, the Trustees have decided not to 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 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 £114,381
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 £3483 is made up of prepaid insurance the policies run from April and August.
Note 7. Creditors and accruals
HMRC PAYE is a creditor £1964 as is VAT -£3440
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 2024/25 this would amount to approximately £257,820 compared with the Emergency / General Fund of £47,349 at 31st March 2025.
INDEPENDENf &%AMERs REPORTTOTHETRUSTEES OF THE PENNIWEIIS RIDING FOR THE DISABLED l am porn6 totho truSLeesofthePonnlwells Ridlng ForThe Ixsablcd Centre on its account in respectof the year endtd31 Marth 202S. RtIve Rcsponslbllltles ofTrusw and Examiner Th¢charllys irusi¢es are responsible (orthe preparaUon of the2ccounts. Thevustre5 consldcrthatthe audlt Is noirequtred for thi5 year undersertlort 43(2) olthe Charitles Act 1993 (the Act) aftd thaian ndependcnteJ2m1naOO Is rtqtslred. It Is my responslblllty io examlne the accounts {under stclioD 4313)[a} oftheAci): tofollow the prOdre$ lald down in theGenoral DirÈaiots5giveD by the Charity Commissioners (under sertion 43(7b) oftheAci) and w stsiewlietherpartlcular matters have ctynew myattentio Basisofindendent kxamlnerfs Report My examlnatlon carrled oui in accordaott theGen¢ral Dlrertions 8iven by thocharity Commissloners. An examlnaUoD Indudesa revlcw of the aco)uniing recordskept bythe tharltyand a o7rnparison of the accounts prescnted wlth those re(ord5. It also include5 Conslderailon ofany unusual iiems ordisd05uros in the acc 2nd seeklTr8 explanauons from you as trustees concerningany such mailers. Thepro¢¢durts undtrtaken do provlde all the¢vldenTr thai would bcr¢quired by an audlL and conseqllently I do not express an aLtdlt oplnion on the vlew8lveD by th¢actoun Jndependont Fxamlnerfs Stslemeni In cx)nnetUon wlth my cxamtnal1o no mattcr has come io my attents"oo.' {1) whith Éivts mt reasonablcouse to believe thaiin any materÉal respert the requirements. to keep accounting records in accordance wlth sectttsn 41 oFthe 1993 Act and -to prepareacrourtts whlch 3¢cord wlth theaccouniiog records and EO cornply woth thea(tounUnB requlrements of the 1993 Artand the rL¥ulaiiDnS made there under have noi been mel or 12) 10 whlth. In my oplnion.atteTriion shotsld be drawn in orderto enable a proper uTrdorstsndlnÈ of the accounLS w be rtached Msscowen Date: 3/1( /ai