Charily no. 1122480 Company no: 06334299 BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 'ADGQSFG2* 27111R024 COMPANIES HOUSE A11
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION YEAR ENDED 31 MARCH 2024 CONTENTS Leg81 and administrative information Report of the Directors and Trustees Independent Exarninef s Report Statement of Fin8n¢ial Activities Balance Sheet Notes to the financial statements 10
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Charlty Registratlon No. 1122480 Company Registration No. 6334299 Trustees S Fenn (Chairman) C Davies (Secretary) (resigned 15 July 2023) J Gray (resigned 31 January 2024) S Howe J Renaud (Treasurer) K Mooney (Secretary) S Bowes (appointed 3 July 2023) Secretary C Davies (resigned 15 July 2023) J Renaud (appointed 18 October 2023 and resigned 31 December 2023) K Mooney (appointed 1 January 2024) Registered Offlco North House 198 High Street Tonbridge Kent TN91BE Prlnclpal Op•ratln9 Offlc• Bradbourne Rlding Centre Bradbourne Vale Road Sevenoaks Kent TN13 3DH Accountant• Lindeyer Francis Ferguson Limited North House 198 High Street Tonbridge Kent TN91BE Independ•nt Examiner Samantha Wells FCA Lindeyer Francls Ferguson Limited North House 198 High Street Tonbridge Kent TN918E Bank•rs CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The company is a registered charity and is incorporated as a company limited by guarantee, registered in England. The Truslees, who are also Directors of the charity for the purposes of the Companies Act. present their annual report and financial statements for the year ended 31 March 2024. The Trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the governing document and the provisions of "Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to 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) (Charities SORP (FRS 102)). Legal and administrative information set out on the previous page forms part of this report. Company Statu8 Bradbourne Group Riding for the Disabled Association is a charitable company limited by guarantee. It was incorporated on 6 August 2007 and is governed by a memorandum and articles of association. The company is limited by guarantee. The Trustees are Members of the company. In the event of the company being wound up. the liabilily in respect of the guarantee is limited to £1 per member of the company. Governance and Internal Control The charity is organised so that the Trustees meet regularly to manage its affairs. The Chairman manages the affairs of the charity on a day to day basis wilh additional assistance as requlred. The board as a whole appoints new Trustees. and all Trustees retire and are eligible for re-appointment, each year. The Trustees are inducted by briefings from the Chairman. L Elgar continues to be the Member working with the Trustees representing all disabled participants. These individuals are the only Members of the Group. Full on-the-job certificated volunleer training is provided to everyone joining the team with annual refresher training and specific sessions scheduled onsite for key subjects such as autism awareness. The Group funds first aid training for all coaches and all driving helpers, and subsidises such training for ride session helpers who volunteer to become First Aiders. On-line safeguarding training is available for all with the Group funding face-to-face courses for all coaches when required by RDA UK. Five members of the Group ensure every new team member is appropriately DBS checked on arrival and undertake re-checks for each volunteer every three years- all checks are funded by Bradbourne RDA Group. Objectiv•s and AGtlviti•¥ The objective of the charity is to promote the objectives of the Riding for the Disabled Association Incorporating Carriage Driving, a national charity registered under charity number 244108, by providing disabled people in the Sevenoaks area with the opportunity to ride andlor carriage drive to benefit their health and well being. Public Benefit In setting the charity's objectives and planning its activities, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. As noted elsewhere in this report, the charity's work is directed towards ensuring that it is able to offer opportunities to any disabled person. regardless ol background, and outcomes for the public benefit are recorded here in detail.
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Review of th• year The year commenced on 2n¢J April with a very positive and successful on-site dressage competition run by the Wednesday evening riding coaches which was enjoyed by the 23 riders who took part, their families and friends, and the many Group volunteers who enabled the event to take place. For the first time for such an event, donations from those taking part were encouraged as part of the requirement for the Group to identify new sources of funding,. given how positively this was received and the monies generated thatwill be Ihe intentfor future onsite riding and driving events for the Group, participants. Throughout the year a range of smaller new fundraising initiatives took place, from Individual rlders undertaking strenuous sponsored walking challenges iotalling hundreds of miles and trampolining sixty times as part of our Group's 60th birthday 60 challenges, to the sale of donated specially designed 601h tea towels and mouse mats featuring the ponies supporting the Group's operations. A number of talks were giv8n to local clubs and associations. there was a Bradbourne RDA sland al the neighbouring Sevenoaks Wildlife Reserve Festival of Nature. for which Group wheelchair bound participants undertook an accessibility audit. and a sell-oul Quiz was held in the clubhouse for participants. v.olunteers. their families and other supporters. As usual the Group had a presence at the Shoreham Heavy Horse Show just before the new term in September, and ran another successful fundraising ride through Knole Park in October. All of Ihese provided invaluable funds as well as enhanced the profile of Bradbourne RDA Group in the local area, but none provided the signrficanl level of new unrestricted monies the Group requires annually. It was not long after the start of the year that the challenges of the health of several ponies began and whlch would dominate the full year, negatlvely impacting the operational income as well as the number of riders and carriage drivers the Group could offer opportunities to, while increasing the costs of veterinary care. Ride and drive pony Disney was the first to go lame. followed by stalwart of the herd Patch late in the summer term. and by Christmas Jet was also declared unfit. Al the end ofthls financial year all three remain on recovery programmes with very limited possibilities to support disabled riders, and then only at walk and outside avoiding the turns necessary within the indoor arena. The continuation of the poor weather conditions mean frequently none can be used on a ride. and Disney remains off carriage driving for the foreseeable future. No new riders could join a session from the waiting.list throughout the year. and each carriage driver was cancelled once every few weeks in rotation to avoid Missy being over-vrked. Very sadly the Group lost 28-year-old pony Flnn in December, and after ten years of supporting the largest and most unbalanced riders as well as enabling many to participate in a range of offsite event activities Al. now 23, needed his workload managed more carefully. The Group will no longer take him to external competitions. On the more positive side, Storm became an integral member of Ihe working herd both for the Group rides and for the Bradbourne Riding & Training Centre (BRTC) rides, and along with Missy became the most hard-working ponies. Considerable time and attention has been focussed throughout the year by the Pony Care Team on the daily and weekly ride commitments of each pony, with the Group advising BRTC of limits for storm and Missy particularly. Although young Jake started the year very well and behaved impeccably on his informal visit to the National Championships, his movement around the rnounting block meant a new training regime had to be commenced in the Autumn led by a minimal number of Group coaches taking him back to basics. Thls necessary investment In time in such a young pony is progressing slowly but positively. with the aim of introducing Jake for use by some suitable participants from September 2024. Despile the restrictions on pony availability the coaches did a fantastic job of moving riders around to even out the pony workload and ensure as well as Ihe onsite informal dressage competition riders could prepare to compete in the Challenge Day al Felbridge, which was subsequently cancelled by the SE Region RDA due to lack of entrants. and the region qualifiers for carriage driving and riding. Two drivers and four riders qualified for the National Championships and participated in the competitions at Hartpury in July. In addition, the Group's carriage drivers had the opportunity for an informal driving lesson at a
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 farm in Rye. providing invaluable offsite experience for pony Missy. and the SE Region carriage driving Le Trec competition took place very successfully at Bradbourne. Despite another hot period of summer weather. the Group ran two weeks of mini pony camps in the summer holidays for a large number of riding participants. Although two volunteers commenced the year working towards becoming riding coaches. one sadly had to leave the Group for work reasons. The other volunteer continues to make progress towards qualification, while one of the carriage driving team commenced training to become an RDA driving coach. Coach health challenges led to the cessation of the Thursday evening sessions in the Autumn and the loss of one of the Wednesday evening coaches, and al Christmas the Group had to say farewell to a riding coach who had volunteered at Bradbourne for over twenty years. The Group again joined the Hadlow College careers day, and the year was marked by an increase in requests from young people wishing to undertake Duke of Edinburgh award experience with Bradbourne RDA while supporting the Group's evening sessions. There were fewer general adult volunteer enquiries, but a number of veterinary students joined the daytirne teams for different weeks across the summer term as part of their studies, providing invaluable support while regular volunteers were away, off sick or supporting family members undertaking key exams. The Trustees were delighted to welcome Sarah Bowes to the Board to lead on fundraising, and Keeley's return after maternity to focus on the volunteer management, social media and promotional activity as well as events with Sarah. Cheryl left her role as Group Secretary in Julyfollowing afamily bereavemenl which re-focussed her aims for her free time, and Jon advised of his intent lo step down from the Board during the new financial year after six years as Treasurer. With her involvement in the accounts already, Jane expressed interest to take up the Treasurer role and commenced working in parallel with Jon in the final quarter. As part of the Group's ongoing health and safety practices, the riding hats the Group makes available for the parlicipanls were replaced with the modern adjustable style resulting in the need for only eight of three differenl sizes ralher than more than forty individually sized ones as before. These are solely for RDA purposes at Bradbourne with the Group's former helmets being taken over by BRTC for their riders. First aid and new volunteer training sessions were held across the year on sile at Bradbourne. One of the coaches set up a more formal tack cleaning team who regularly mel in holidays and haff- terms to clean and check the tack for each of the Group's ponies, and the Group again welcomed team Irom Valero to undertake a day of DIY around the site, cleaning the caravans and removing vegetation from the ride paths. Although a challenging year in many respects. there were a number of very positive and happy get- iogethers involving a large number of riders, carriage drivers, volunteers, families, supporters, friends and ponies, with the celebrations of Finn's SE Region pony of the year award, pony Al's long service presentation, and the very popular Christmas party. A very significant day, held in July at Bradbourne in and around the clubhouse, marked Bradbourne RDA Group's 60th birthday and celebrated all that the Group's founder and late President, Peter Felgate, developed and achiev8d for those with disabilities and special needs which continues today through the dedication and commitment of 130 volunleers. A tree is due to be planted commemorating Peter and the Group's sixty years of providing enjoyable and therapeutic experiences in the Autumn. Financial Position The Statement of Financial Activities shows net expenditure for the year of £25,791 (2023.. net expenditure of£28,348). Resepies stand at £146,782 (2023: £172,573) at the year-end of which £1,785 (2023- £7,407) are restricted funds. Reserves Pollcy The Charity aims to maintain unrestricted free reserves sufficient to cover 12 months, expenses net of epreciation. amortisation or any profiuloss on disposal of fixed assets. As at the balance sheet date,
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 the unrestricted free reserves. (excluding those represenied by fixed assets), were £85,005 (2023.. £71.268) equivalent to 11 months, expenses. The current level of reserves is lower than the Board would like the Group to hold and the Board is formalising a plan of ideas to address this within the current financial year. Plans for the Future The three key priorities for the Group are focussed on securing significant funds from new sources, purchasing a pony or ponies. and increasing the number of riding and carriage driving Coaches. The Board aims io appoint a volunteer dedicated to work on grant and trust applications to be led by the Group's truslee focussed on fundraising. She herse will continue to plan, organise and implement a range of smaller initiatives which engage with a wide range of contacts generating smaller amounts of funds yet maintaining the profile of Bradbourne RDA Group in the local community, particularly with schools. The Group is looking forward to working closely wlth the newly appointed Sevenoaks Town Council Mayor. Cllr Ancrum, who has chosen Bradbourne RDA as one of her two charities to support through fundraising and awareness over her mayoral year and would aim to Identrfy additional volunteers to support back-offKe roles from the new connections being the Mayoff s charity will facilitate. With the ongoing uncertaints'es about the future working capability of the Group's ponies currently still on recovery programmes, partlcularly Disney and Patch, as well as Bisto and potentially Jet being restricted to walk only rides while Jake will only be suited to a few riders with disabilities later in Ihe year, there is an urgent need to obtain at least one additional pony. The Pony Care Team is considering different approaches to maximise the Group's chances of having the opportunity to review potential equines before they are sold glven the current market condllions. Although one person in training should qualify in 2024, one potentially in 2025, a new coach has joined to help the Wednesday evening sessions on a fortnightly basis. and one new volunteer expressed interest to become a coach in the future, there is an urgent need to expand the coaching team to alleviate the increased pressure on the existing team of 3 ongoing driving and 9 riding coaches. several of whom will be stepping back from some or all of their current commitments during Ihe new financial year. The Group wlll focus on encouraging other existing adult volunteers io come forward or new adult volunteers to join the coaching pathway, and provlde the usual level of support for those coaches In training. The Board, coaching team and volunteers contlnue to be fully committed to continue to provide the most rewarding. beneficial and enjoyable riding and carriage driving experiences through weekly sessions. on-site competitions, and offsite riding and driving events, run to the highest standard 8radbourne RDA can achieve with the Group's ponies and those kindly loaned to the Group for their rldes by 8RTC for the foreseeable future. Dlroctorn and Tru8tO•8 All the officers of the company are also trustees of the charity and there are no other trustees. The directors and trustees who sep4ed during the year are Ilsted below.. S Fenn (Chairman) J Gray (resigned 31 January 2024) S Howe K Mooney (Secretary) (appointed 1 January 2024) J Renaud C Davies (resigned 15 July 2023) S Bowes (appointed 3 July 2023)
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Statement of dlrectors. and trustees, responsibililies The directors are responsible for preparing financial statements in accordance with applicable law and regulations. Company law requires th8 Directors to prepare financial statemenls for each financial year. Under that law the Directors have elected to prepare financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements. the Directors are required to: select sultable accounting pollcles and then apply them consistently make judgments and estimates that are reasonable and prudent prepare the financial statements on the going Concern basls unless it Is inappropriate to presume that the company will conts'nue in buslness. Tha Dlr8Ctors are responsible for keeping adequate accounting records sufficient to show and explaln the company's transactions and that disclose with reasonable accuracy at any time the financial position of the cornpany and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance wlth the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Thls report was approved by the Trustees on ..1.3. 0£f4..1f5nd slgned on their behalf ty, J Fenn Chairnian
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 I report to the charity trustees on my examination of the financial statements of 8radbourne Group Riding for the Disabled Association (the charity) for the year ended 31 March 2024, which cornprise the Stalement of Financial Activities {including Income and Expenditure Account), the Balance Sheet and the related Notes. R•sponsibilitle8 and ba•18 of r•port The Charitls Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts In accordance wilh the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity's accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under seclion 145(5)(b) of the Charities Act 2011 . Independent examlnerfs statement I have completed my exarnination and I can confirm thal no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kepl 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 glve a 'true and fair view whlch 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 princlples of the Statement of Recornmended 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 and in order to enable a proper understanding of the accounts to be reached. Sam tha Wells FCA CTA Lindeyer Francis Ferguson Limited North House 198 High Street Tonbridge Kent TN91BE
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION STATEMENT OF FINANCIAL ACTivrriES (including incom• and expenditure account) For the year ended 31 March 2024 Restrlcted Unrestricted funds funds 2024 2024 funds 2024 funds 2023 Income from: Donations Charilable activities Other trading aclivitles Inveslments 15,395 12,399 21.639 7,961 811 27.794 21,639 7,961 811 25,095 20,161 5,942 333 Total Income 15,395 42,810 58,205 51.531 Expendlturo on: Raising funds Charitable activities 1,604 61,375 1.604 82,392 1,017 78.862 21.017 Total expendlturn 21,017 62,979 83,996 79,879 Net Incomel(exp•nditur•) { 5,622) (20,169) (25,791) (28,348) N•t mov•m•nt In funds (5,822) { 20,169) (25.791) (28.348) Reconclllatlon of lunds; Totsl funds brought forward 7,407 165.166 172,573 200,921 Total fund8 carrled forward 11 1,785 144.997 146,782 172,573
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION BALANCE SHEET as at 31 March 2024 Note 2024 2023 Flxed assets Tangible assets 79,992 93.898 79.992 93.898 Curr•nt ass•ts Debtors Cash at bank and in hand 5.715 63.599 5,739 74.226 69,314 79,g65 CrltOrs.. amount8 falllng due wlthln one year 10 (2,524) (1,290) Net current assets 66,790 78,675 Net a88•ts 146,782 172.573 Charlty funds Unrestricted funds Restricted funds 144,997 1.785 165,166 7.407 11 146,782 172,573 For the flnancial year ended 31 March 2024. the charitable company was enlitled lo exemption from an audit under section 477 of the Companies Act 2006 relating lo srnall companies. The members have not required the charitable company to obtsin an audit of its accounts for the year in question in accordance with section 476 of the Act. The trusleesldirectors acknowledge their responsibilities for complying wlth the requlrements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These financial staternents have been prepared in accordance with the provisions applicable to companles Subject to the small companies regime wilhin Part 15 of the Companies Act 2006. The financial statements VIre approved by the Trustees on 2.3. 0¢[b.*.and signed on their behalf by: S J Fgnn (Chairman) Company number: 6334299
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 ACCOUNTING POLICIES The principal accounting policies adopted, judgemenls and key sources of estimation uncertainty in the preparation of the financial statements are as follows. 1.1 Status . The Bradbourne Group Riding for the Disabled is a charitable company limited by guarantee incorporated in England and Wales. Its registered address Is North House. 198 High Street, Tonbridge, Kent. TN9 18E. 1.2 Basls of Preparatlon The financial statements have been prepared In accordance with "Accounting and Reporting by Charilies: Statement of Recommended Practice applicable to 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) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Cornpanies Act 2006. The Bradbourne Group Riding for the Disabled rneets the deflnition of a publlc benefit enllty ur)der FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othen4vise There are no material uncertainties about the charltls abillty to contlnue, and so the golng concern basis of accounting has been adopted. The finanelal staternents are presented In pounds sterling and rounded to the nearest pound. 1.3 Incom• Income is recognised when the charity is entitled to it, It is probable that it will be received and it can be measured reliably. For donations, this is usually on receipt. For grants this is usually when a forrnal offer is made in writing, unless the granl includes terms and conditions which must be met before the charity is entitled to the funds. Income from legacies is recognised at the earlier of receipt of the legacy or the date of approval for distrlbution. Income from charrtable activities is recognised in Ihe period to which it relates. Turnover is the amount derived from goodslservices. and stated after trade discounts. other sales taxes and net of VAT. Investment income, induding any associated income tax recoverable, is recognlsed when receivable. 1.4 Exp•ndftur• Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event. it is probable that a transfer of economic benefits will be required to settle the obligation. and the amount can be meaSud or estimated reliably. It is allocated between: Expenditure on raising funds comprising the costs associated with attracting donations. Charitable expenditure, including direct expenditure and governance costs. Governance costs include those Costs incurred by the charity in meeting its constitutional and ststutory requirements. Where costs cannot be directly attributed. they have been allocated to activities on a basis consistenl with the use of resources. 10
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 1.5 Flxed Assets All expenditure 8XC8eding £250 on fixed assets Is capitalised at cost. Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write down the Leasehold property Equipment. fixtures and fittings Ponies Tack over the life of the lease {20 years from June 2011) 25Q/o on the reducing balance to the age of 20 on a straight line basis 100/• straight line 1.6 Flnancial instruments The charity has financial Instruments of a kind that qualify as baslc financlal Instruments. The chariws basic. financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 1.7 Fund accountlng Unrestricted funds are available for use at the dlscretion of the Trustees in furtherance of the general objectives of the charlty. Restricted funds are to be used for specific purposes as laid down by the donor. Expendlture which meets the criteria is allocated to the fund. INCOME FROM DONATIONS 2024 2023 Donations 27,794 25,095 27,794 25,095 During the prior period restricted income from donations of £13.525 was received. 11
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year end•d 31 March 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Rides and drive8 Camps 20,764 875 19,286 875 21,639 20,161 INCOME FROM OTHER TRADING ACTIVITIES 2024 2023 Fundraising events Income from sales of goods 7,129 832 5,517 425 7,961 5,942 EXPENDITURE ON RAISING FUNDS 2024 2023 Cost of sales RDA subscriptSon Fundraising event costs 439 200 965 417 305 295 1.604 1,017 12
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 EXPENDITURE ON CHARITABLE ACTIVITIES 2024 2023 Riding charg8s (stabling and livery costs) Veterinary fees and horse welfare Farriers and saddlers Tack {non-capitalised) Other consumables Other equipment Rosettes and trophies Driving expenses Depreciation ProfiULoss on disposal Sand school amortisation Support costs (see below) 41,600 7,448 3.340 276 727 1.294 1,122 1.963 2,447 41,600 3.990 580 727 654 1,102 503 982 2,391 (1.256) 1.238 26,351 22,175 82,392 78,862 Support costs: Travel expenses Training Social events Printing Postage & statlonery Premises repairs & maintenanc8 Cleaning costs & materials Deprecialion Insurance IT costs Miscellaneous costs Legal and accounting Govemance costs: Independent examination DBS checks 1,311 331 560 1,082 103 5,667 1,747 12,322 2,031 181 1,454 660 1.936 1,729 11,459 2,215 205 578 720 480 109 480 131 22,175 26,351 During the prlor period, restricted expenditure of £8,827 was incurred. 13
8RADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 STAFF COSTS There were no remunerated staff during the year {2023: £nil)- The Charity is grateful to its volunteers and supporters for their time given freely to further the Charitvs aims. None of the Trustees were reimbursed for any expenses incurred (2023.. £nll) and received no remuneration (2023=£nil). TANGIBLE ASSETS Equipment fixtures & fittings Land & building$ Ponlos and tack Total Cost At 1.April 2023 Disposals 144,528 65,786 33,824 (1,500) 244.138 (1.500) At 31 March 2024 144.528 65,786 32,324 242,638 D•pr•¢latlon At 1 April 2023 Charge for the year Released on disposals 82,370 8.182 52.689 3,277 15,181 2,447 (1,500) 150,240 13,906 { 1,500) Al 31 March 2024 90,552 55,966 16,128 162,PA6 N•1 book value at 31 March 2024 53,976 9,820 16,196 79,992 Net book value at 31 March 2023 62.158 13,097 18,643 93,898 Included within Land & buildings above is the arena surface, which has a Cost of £23,358 and an accumulated depreciation of £5,485 {2023', £3,362) at the end of the financial year. DEBTORS 2024 2023 Other debtors Taxation and social security cosls Prepayment8 and accrued income 3.684 1.767 264 3,275 1.525 939 5.715 5,739 10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals 2,524 1.290 2,524 1,290 14
BRADBOURNE GROUP RIDING FOR THE DISABLED ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for tho year ended 31 March 2024 11 FUNDS Brought forward Expenditure I transfers Carrl¢d forward Income Current year UnrestrScted fund8 General fund Designated funds Fixed asset fund Subsidised Rides 71,268 42,810 (51,694) 62,384 93,898 (13,906) 2,621 79,992 2.621 165,166 42,810 (62,979) 144.997 Restrlcted funds Equipment Fund Veterinary Support Fund Tralnlng and Event Support Fund New Pony Fund 2.278 273 150 4.706 { 1,529) { 12,773) (2,383) (4,332) 749 12,500 2,895 662 374 7,407 15,395 {21,017) 1,785 Total funds 172,579 58,205 { 83,996) 146,782 De8lgnatod funds The fixed asset fund represents the Group's illiquid tangible fixed assets. The Trustees do not consider that the allocation of unrestricted liquid funds lo designated areas serves a meaningful purpose-'Therefore all unreslricted liquid assets have been transferred to a General Fund and will be included there henceforth. The Subisidlsed Rides fund Is comprised of donations made in memory of the previous Presldent of the charity. The Board has agreed to use these donations to subsKlise riders who are struggling to pay for their rides. Restrlcted funds The restricted funds represent all liquid assets donated to cover specific areas of expense specified by andlor agreed with the donor. The Equipment Fund includes donations to be expended on various items of equipment including ongoing rnaintenance of the hydraulic lrft. The Veterinary Support Fund represents donations towards veterinary bills for the Group's ponies. The New Pony Fund represents monies held for the purchase of new ponies. It was agreed in the year with the donor due that this fund could be used for vet fees. The Training and Event Support Fund represents monies held for the Group's training of carriage drivers. During the year a further £2,895 was r1Ved for training and event costs. £2.383 has been expensed in the year for event entry fees. 15
BRAD80URNE GROUP RIDING FOR THE DISABLED ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 11 FUNDS (continued) Prioryear Brought forward Expenditure I transfers Carrled forward Incom• Unrestrlcted funds General fund Designated funds Fixed asset fund 90,048 38,006 (56,786) 71,268 99.206 (5,308) 93.898 189,254 38,006 (62,094) 165,166 Restrlcted funds Equipment Fund Veterinary Support Fund Tralning and Event Support Fund New Pony Fund 6,948 4.263 775 (5,445) (3.990) { 100) (8,250) 2,278 273 150 4,706 250 12,500 456 11.667 13,525 (17,785) 7.407 Total fund8 200.921 51,531 { 79,879) 172,573 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlctod R•8trlct•d Total 2024 Total 2023 Tangible fixed assets Cash at bank and in hand Other net current assets 79.992 61.814 3.191 79,992 63.599 3,191 93.898 74.226 4,449 1.785 144,997 1.785 146,782 172,573 Net assets held in the prior year included £7,407 restricted funds held in cash at bank. 13 RELATED PARTY TRANSACTIONS Durlng the year Rlding Charges (stabling and livery costs) of £41.600 (2023: £41,600) yre paid by the Charity to Bradbourne Riding and Training Centre Limited. a company of which S Howe, trustee, and her stepmother E Felgate. widow of the Charivs late President, are directors. During the year donations totslling £125 (2023: £25) were received from trustees. 16