Wakefield Riding for the Disabled Association
Charity number 1120760
A company limited by guarantee number 05980871
Annual Report and Financial Statements
for the year ended 31 March 2021
Wakefield Riding for the Disabled Association
Annual Report and Financial Statements for the year ended 31 March 2021
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to 13 |
Prepared by West Yorkshire Community Accounting Service
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Wakefield Riding for the Disabled Association
Trustees' report for the year ended 31 March 2021
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position
Shirley Hudson Chair Audrey Joyce Honeyman Janet English Company secretary Carol Blake Charity number 1120760 Registered in England and Wales Company number 05980871 Registered in England and Wales Registered and principal address Bankers Pennine Community Nat West Wood Lane Wakefield City Branch Chapelthorpe 56 Westgate Wakefield Wakefield West Yorkshire WF1 1XF WF4 3JL
Independent examiner
E J Beverley FCCA West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 27 October 2006. It is governed by a memorandum and articles of association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
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Wakefield Riding for the Disabled Association
Trustees' report (continued) for the year ended 31 March 2021
Objectives and activities
The charity's objects
To promote the objects of the Riding for the Disabled Association Incorporating Carriage Driving, a charity registered under charity number 244108 ("RDA"), by providing disabled people with the opportunity to ride and/or to carriage drive to benefit their health and well being in the Wakefield and district area.
The charity's main activities
To provide horse riding for people with disabilities to improve their health and well being. Educational activities for young people.
Volunteering opportunities for the local community.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular with regard to disabled people by providing them with the opportunity to ride and be involved with horse care.
Achievements and performance
The pandemic has impacted on RDA activities with the group closed from March 24th 2020 and the staff on furlough. Although this has proved a testing time for the charity it has also shown the commitment and care that the participants, volunteers and staff have for their organisation. The bubble volunteers have expressed how much their bubble time at RDA was a relief and lifeline to them during the lockdown and gave them a sense of purpose and normality throughout this crisis. The time has been put to good use with new relationships being forged with a new saddler and the combined work of the saddler and physiotherapist has ensured the horses were ready for the return of participants. The support from participants has been uplifting to all at WRDA with some having generously maintained their monthly payments along messages of encouragement and support. The group has been supported by the Coronavirus Campaign, donations being made from regular supporters including a volunteer donating what would have been her commute money to London each month. The gradual return of participants and volunteers has proved to be an emotional and joyous experience; once again showing how valued the group and horses are to all involved.
Financial review
The net income for the year was £31,821, including net income of £24,807 on unrestricted funds and net income of £7,014 on restricted funds after transfers.
Reserves policy
The Charity should hold reserves of an upper limit £48,000, relating to expenses covering approximately a 6 month period and a lower limit £24,000, relating to a 3 month period.
This is in order to maintain the smooth running of the charity in the event of unforseen losses or reduction in income and in order to fulfil its legal obligations shoud the charity have to close.
The charity's free reserves, excluding fixed assets, at the year end were £60,172.
This figure includes designated funds of £2,450 leaving unrestricted funds of £57,722.
The trustees are aware these reserves are currently above the upper limit of the policy, given the uncertainty relating to covid and potential increases in costs they feel this level of reserves is appropriate at present and will keep the situation under review.
Going concern
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
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Wakefield Riding for the Disabled Association
Trustees' report (continued) for the year ended 31 March 2021
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts 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.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Signed on behalf of the board of trustees on 09/11/2021
Janet English (Trustee)
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Wakefield Riding for the Disabled Association
Independent examiner's report to the trustees of Wakefield Riding for the Disabled Association
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021, which are set out on pages 6 to 13.
Responsibilities and basis of report
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
-
3 the accounts 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
-
4 the accounts 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)].
I 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.
E J Beverley FCCA
10/11/2021
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
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Wakefield Riding for the Disabled Association
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2021
| Notes 2021 Unrestricted funds £ Income from: Grants and donations (2) 40,359 Sales and fees 10,461 Fundraising 3,507 Donated services 5,000 Drinks machine 590 Other income 42 Profit on disposal of assets 600 Bank interest 18 Total income 60,577 Expenditure on: Salaries, NICs and pensions (3) 8,465 Payroll and pension admin cost 1,136 Staff healthcare 125 Freelance staff 4,861 Travel and expenses 1 Volunteer expenses 18 Vet and equine dentist 966 Equipment and repairs 1,629 Farrier 1,418 Training and education 485 Licenses 625 Event costs 10 Insurance 2,804 Feed 3,151 Fundraising 135 Donated services 5,000 Drinks machine rental 1,265 Drinks machine supplies and expenses 392 Accountancy and independent examination fees 648 Depreciation 3,429 Sundries 145 Water cost 36 Stable block costs (4) - Total expenditure 36,744 Net income / (expenditure) 23,833 Transfers between funds 974 Net movement in funds 24,807 Fund balances brought forward 45,766 Fund balances carried forward (5) 70,573 |
2021 Restricted funds £ 39,784 - - - - - - - 39,784 31,656 - - - - - - 140 - - - - - - - - - - - - - - - 31,796 7,988 (974) 7,014 16,299 23,313 |
2021 Total funds £ 80,143 10,461 3,507 5,000 590 42 600 18 100,361 40,121 1,136 125 4,861 1 18 966 1,769 1,418 485 625 10 2,804 3,151 135 5,000 1,265 392 648 3,429 145 36 - 68,540 31,821 - 31,821 62,065 93,886 |
2020 Total funds £ 11,081 51,629 19,888 5,000 1,598 - - 83 89,279 51,760 1,236 152 4,647 195 54 905 4,669 959 1,527 755 2,257 2,971 711 2,113 5,000 717 604 648 3,547 200 108 13,442 99,177 (9,898) - (9,898) 71,963 62,065 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Wakefield Riding for the Disabled Association
Balance sheet
| as at 31 March 2021 2021 Unrestricted £ Fixed assets Tangible assets (6) 10,401 Total fixed assets 10,401 Current assets Debtors and prepayments (7) 3,363 Cash at bank and in hand (8) 57,493 Total current assets 60,856 Current liabilities: amounts falling due within one year Creditors and accruals (9) 684 Total current liabilities 684 Net current assets / (liabilities) 60,172 Net assets 70,573 Funds Unrestricted funds 68,123 Restricted funds - Designated funds (10) 2,450 Total funds 70,573 |
2021 Restricted £ - - - 23,313 23,313 - 23,313 23,313 - 23,313 - 23,313 |
2021 Total £ 10,401 10,401 3,363 80,806 84,169 684 684 83,485 93,886 68,123 23,313 2,450 93,886 |
2020 Total £ 13,341 13,341 4,431 44,971 49,402 678 678 48,724 62,065 45,766 13,849 2,450 62,065 |
|---|---|---|---|
For the year ending 31 March 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 09/11/2021
Janet English (Trustee)
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Wakefield Riding for the Disabled Association
Notes to the accounts
for the year ended 31 March 2021
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Donated goods for resale are valued at the amount actually realised upon their sale.
Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
Leases
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
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Wakefield Riding for the Disabled Association Notes to the accounts continued
for the year ended 31 March 2021
1 Accounting policies continued
Tangible fixed assets
Tangible fixed assets are to be capitalised if they can be used for more than one year and cost at least £250. It is assumed that used assets donated to the company, other than the ponies, are on average 50% through their expected life and hence are capitalised at 50% of their estimated new replacement value. The working life of each pony on acquisition is estimated when acquired, maximum of 10 years, and depreciated on a straight-line basis over this period. Where ponies are donated an estimated value is assigned.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Ponies Variable between 1 and 10 years Stable and riding equipment - new 10% per annum Stable and riding equipment - used 20% per annum Office furniture and equipment - new 25% per annum Office furniture and equipment - used 50% per annum Container 5% per annum
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
| 2 Grants and donations Riding for the Disabled Association (RDA) Minster Law Nationwide Co-op Local Community Fund WSP Group HMRC Job Retention Scheme Legacy General donations |
2021 Unrestricted funds £ - - - - - - 29,788 10,571 40,359 |
2021 Restricted funds £ - - - 5,628 2,500 31,656 - - 39,784 |
2021 Total funds £ - - - 5,628 2,500 31,656 29,788 10,571 80,143 |
2020 Total funds £ 140 1,420 4,250 - - - - 5,271 11,081 |
|---|---|---|---|---|
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Wakefield Riding for the Disabled Association
Notes to the accounts continued
for the year ended 31 March 2021
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|---|---|---|---|
|3|Staff costs and numbers|2021|2020|
|£|£|
|Gross salaries|38,781|52,225|
|Social security costs|1,939|582|
|Employment allowance|(1,939)|(3,000)|
|Pensions|1,340|1,953|
|40,121|51,760|
----- End of picture text -----
The average number employees during the year was 4.7, being an average of 2.5 full time equivalent (2020: 5, 2.6 FTE). There were no employees with emoluments above £60,000.
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|---|---|---|
|Defined contribution pension scheme|2021|2020|
|£|£|
|Costs of the scheme to the charity for the year|1,340|1,953|
|-|-|
|Amount of any contributions outstanding at the year end|
|-|-|
|Amount of any contributions prepaid at the year end|
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4 Stable block costs
The charity had planned to build a new stable block and had already incurred the costs of architects fees, planning permission, coal mining risk assessment, tree survey and drainage. At the time they were incurred, these cost were capitalised as part of the overall cost of the new stable block.
However, the stable block is not now going to go ahead as planned, therefore the costs incurred to date were written off in the 2020 accounts.
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|---|---|---|---|---|---|---|
|5|Restricted funds|Balance b/f|Incoming|Outgoing|Transfers|Balance c/f|
|£|£|£|£|£|
|RDA|982|-|-|-|982|
|Minster Law|2,500|-|-|-|2,500|
|Horbury Co-op|907|-|-|-|907|
|RDA - holiday|974|-|-|(974)|-|
|-|-|
|Co-op/CAF|9,856|9,856|
|Nationwide|140|-|140|-|-|
|Minster Law|940|-|-|-|940|
|-|-|-|
|Co-op Local Community Fund|5,628|5,628|
|-|-|-|
|WSP Group|2,500|2,500|
|HMRC JRS|-|31,656|31,656|-|-|
|16,299|39,784|31,796|(974)|23,313|
|Fund name|Purpose of restriction|
|RDA|To pay support costs for a volunteer co-ordinator.|
|Minster Law|Originally towards a new stable block, as this is not going ahead the funder|
|has agreed that the funds can be used towards improving the corrals, this|
|work has taken place after the year end.|
|Horbury Co-op|Towards a new stable block.|
|RDA - holiday|This balance relates to income generated from the holiday activities and|
|should not be restricted, it has therefore been moved to unrestricted.|
|Co-op/CAF|Towards a new stable block.|
|Nationwide|For the container and various items of tack.|
|To deliver 'BHS Ride Safe' training and assessment which was done in|
|Minster Law|
|2020, this is the unspent balance.|
|Co-op Local Community Fund|Towards renovating the corrals, this work has taken place after the year end.|
|WSP Group|To repair the shelters and create a multi-purpose area for horse care-|
|therapy in a Covid safe environment. This work has taken place after the|
|year end.|
|HMRC JRS|The government job retension scheme for staff.|
----- End of picture text -----
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Wakefield Riding for the Disabled Association
Notes to the accounts continued
for the year ended 31 March 2021
| 6 6 **7 ** |
Tangible assets Cost At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Depn reversed re. disposals Charge for year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 Tangible assets Cost At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Depn reversed re. disposals Charge for year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 Debtors and prepayments Debtors Prepayments |
2,730 - - 2,730 683 - 137 820 1,910 2,047 Container |
1,292 - - 1,292 886 - 175 1,061 231 406 Office equipment |
£ 23,841 489 (1,910) 22,420 18,608 (1,621) 992 17,979 4,441 5,233 See below 15,173 489 (415) 15,247 9,940 (126) 992 10,806 4,441 5,233 Total Stable and Riding Equipment Stable and Riding Equipment new |
£ 13,775 - (4,500) 9,275 8,120 (3,592) 928 5,456 3,819 5,655 £ 8,668 - (1,495) 7,173 8,668 (1,495) - 7,173 - - 2021 £ 2,042 1,321 3,363 Ponies Stable and Riding Equipment used |
Total £ 41,638 489 (6,410) 35,717 28,297 (5,213) 2,232 25,316 10,401 13,341 Total £ 23,841 489 (1,910) 22,420 18,608 (1,621) 992 17,979 4,441 5,233 2020 £ 3,229 1,202 4,431 |
|---|---|---|---|---|---|---|
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Wakefield Riding for the Disabled Association
Notes to the accounts continued
for the year ended 31 March 2021
| 8 Cash at bank and in hand Cash at bank Cash in hand 9 Creditors and accruals Accruals 10 Designated funds Funds are designated for the following purposes: Trailer replacement |
2021 £ 80,801 5 80,806 2021 £ 684 684 2021 £ 2,450 2,450 |
2020 £ 44,966 5 44,971 2020 £ 678 678 2020 £ 2,450 2,450 |
|---|---|---|
11 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
Remuneration and benefits received by key management personnel
The key management personnel of the charity include the trustees and The Manager and Yard Manager. The total employee benefits received by the manager and yard manager were £31,144 (previous year: £45,403).
No trustee received any remuneration or benefit in this capacity during this or the previous year.
| 12 Operating leases Within one year In the second to fifth years inclusive Over five years from the balance sheet date Expected future minimum lease payments over the remaining life of the lease, analysed into the period in which the commitment falls due: |
Coffee machine £ 1,215 3,452 - 4,667 |
|---|---|
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Wakefield Riding for the Disabled Association
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2021
| 2021 2020 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 40,359 5,271 Sales and fees 10,461 51,629 Fundraising 3,507 18,768 Donated services 5,000 5,000 Drinks machine 590 1,598 Other income 42 - Profit on disposal of assets 600 - Bank interest 18 83 Total income 60,577 82,349 Expenditure Salaries, NICs and pensions 8,465 51,760 Payroll and pension admin cost 1,136 1,236 Staff healthcare 125 152 Freelance staff 4,861 4,647 Travel and expenses 1 195 Volunteer expenses 18 54 Vet and equine dentist 966 905 Equipment and repairs 1,629 3,251 Farrier 1,418 959 Training and education 485 1,047 Licenses 625 755 Event costs 10 2,117 Insurance 2,804 2,971 Feed 3,151 711 Fundraising 135 1,717 Donated services 5,000 5,000 Drinks machine rental 1,265 717 Drinks machine supplies 392 604 Accountancy and IE 648 648 Depreciation 3,429 3,547 Sundries 145 200 Water cost 36 108 Stable block costs - 13,442 Total expenditure 36,744 96,743 Net income / (expenditure) 23,833 (14,394) Transfers between funds 974 2,730 Net movement in funds 24,807 (11,664) Fund balances brought forward 45,766 57,430 Fund balances carried forward 70,573 45,766 |
2021 Restricted funds £ 39,784 - - - - - - - 39,784 31,656 - - - - - - 140 - - - - - - - - - - - - - - - 31,796 7,988 (974) 7,014 16,299 23,313 |
2020 Restricted funds £ 5,810 - 1,120 - - - - - 6,930 - - - - - - - 1,418 - 480 - 140 - - 396 - - - - - - - - 2,434 4,496 (2,730) 1,766 14,533 16,299 |
2021 Total funds £ 80,143 10,461 3,507 5,000 590 42 600 18 100,361 40,121 1,136 125 4,861 1 18 966 1,769 1,418 485 625 10 2,804 3,151 135 5,000 1,265 392 648 3,429 145 36 - 68,540 31,821 - 31,821 62,065 93,886 |
2020 Total funds £ 11,081 51,629 19,888 5,000 1,598 - - 83 89,279 51,760 1,236 152 4,647 195 54 905 4,669 959 1,527 755 2,257 2,971 711 2,113 5,000 717 604 648 3,547 200 108 13,442 99,177 (9,898) - (9,898) 71,963 62,065 |
|---|---|---|---|---|
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