REGISTERED COMPANY NUMBER: 06528139 (England and Wales) REGISTERED CHARITY NUMBER: 1123482
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
MORPETH GROUP RIDING FOR THE DISABLED
Greaves Grindle Chartered Accountants Victoria House Bondgate Within Alnwick Northumberland NE66 ITA
MORPETH GROUP RIDING FOR THE DISABLED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
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MORPETH GROUP RIDING FOR THE DISABLED (REGISTERED NUMBER: 06528139)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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lhe trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 | January 2019),
OBJECTIVES AND ACTIVITIES
Objectives and aims
Yo provide 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 carriage drive to benefit their health and well-being.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's objectives and aims and in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Morpeth Group Riding for the Disabled Association. is a charity providing therapeutic riding through the use of our 10 horses. to enable all riders to attain their potential. whether they have physical or mental health disabilities. For the financial year 2023/2024 more than 60 riders. ranging in age from 6 to 75 years old. came to us for lessons, either individually or through local schools and other disability groups. These lessons were supported by over 50 volunteers.
FINANCIAL REVIEW
Financial position
At 31 March 2024. the charity had an unrestricted general fund balance of £39.039. a designated fund balance of £4.961 and a restricted fund balance of £14.817.
Reserves policy
The trustees aim to ensure that the charity holds sufficient reserves to meet its annual running costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document. a deed of trust. and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ‘The trustees have made an assessment of the major risks facing the charity and are satisfied that there are policies in place to minimise these risks.
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MORPETH GROUP RIDING FOR THE DISABLED (REGISTERED NUMBER: 06528139)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06528139 (England and Wales)
Registered Charity number 1123482
Registered office Kirkley Hall Kirkleyv Ponteland Northumberland NE20 0AQ Trustees Mrs T A Scott Mrs P M Clegg J Peters-lones Director (resigned 22.2.24) Mrs A J Foote M P Foote Ms R Walton (appointed 6.6.23) GI Simmons (appointed 6.6.23) Mrs C Peters-Jones Director (resigned 22.2.24) Ms k Howard (resigned 6.6.23) Mrs J Doflman (appointed 17.9.24)
Independent Examiner Jane Harvey F.C.A. Greaves Grindle Chartered Accountants Victoria louse Bondgate Within Alnwick Northumberland NE66 ITA r Approved by order of the board oftrustees on iz20 pve signed on its behalf by:
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eo - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MORPETH GROUP RIDING FOR THE DISABLED
Independent examiner's report to the trustees of Morpeth Group Riding For The Disabled (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the 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 Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘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. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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I. accounting records were not kept in respect of theCompany as required by Section 386 of the 2006 Act: or 2. the accounts do not accord with those records: or
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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 ofan independent examination: or
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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 ofIreland (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.
Jane Harvey F.C.A.
Greaves Grindle Chartered Accountants Victoria House
Bondgate Within Alnwick Northumberland NE66 ITA
7 ’
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MORPETH GROUP RIDING FOR THE DISABLED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
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| 2024 | 2023 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 25.483 | - | 25.483 | 31.211 | ||
| Charitable activities | ||||||
| Riding for the disabled | li | - | 11 | 15 | ||
| Other trading activities | 2 | 2,687 | - | 2.687 | 9.519 | |
| Total | 28,181 | - | 28,181 | 40.745 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 869 | - | 869 | 1.028 | ||
| Charitable activities | ||||||
| Riding for the disabled | 20.995 | 3,167 | 24,162 | 21.370 | ||
| Total | 21,864 | 3,167 | 25.031 | 22.398 | ||
| NET INCOMEKEXPENDITURE) | 6.317 | (3.167) | 3,150 | 18.347 | ||
| Transfers between funds | 9 | (484) | 484 | - | - | |
| Net movement in funds | 5.833 | (2.683) | 3,150 | 18.347 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 38.167 | 17.500 | 55,667 | 37.320 | ||
| TOTALFUNDSCARRIED | FORWARD | 44,000 | 14,817 | 58,817 | 55.667 |
The notes form part ofthese financial statements
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MORPETH GROUP RIDING FOR THE DISABLED (REGISTERED NUMBER: 06528139)
BALANCE SHEET 31 MARCH 2024
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|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 7 | 8.048 | 14,817 | 22,865 | 17.477 |
| CURRENT ASSETS | |||||
| Cash at bank and in hand | 36,673 | - | 36.673 | 38.850 | |
| CREDITORS | |||||
| Amounts falling due within one year | 8 | (721) | - | (721) | (660) |
| NETCURRENT ASSETS | 35,952 | - | 35,952 | 38.190 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 44.000 | 14,817 | 58.817 | 55.667 | |
| NETASSETS | 44,000 | 14,817 | 58.817 | 55.667 | |
| FUNDS | 9 | ||||
| Unrestricted funds | 44.000 | 38.167 | |||
| Restricted funds | 14,817 | 17.500 | |||
| TOTALFUNDS | 58.817 | 55.667 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 37 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at ihe end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company.
These linancial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. ear fest Bg: and were signed on its behalf by: rhe ae stalements were approved by the Board of Trustees and authorised for issue on T A Scott - Trustee
The notes form part ofthese financial statements
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MORPETH GROUP RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The [nancial statements of the charitable company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: 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). Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount ofthe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has heen classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Saddlery = - = 20% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Purther explanation of the nature and purpose of each fund is included in the notes to the financial statements.
- OTHER TRADING ACTIVITIES
Fundraising events
2024 2023 £ £ 2,687 9.519
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MORPETH GROUP RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024
- NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Depreciation | - | owned | assets | 262 | 328 |
4, TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the vear ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
- EMPLOYEES
The charity had no employees for the year ended 31 March 2024 nor for the year ended 31 March 2023.
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 15.046 | 16.165 | 31.21] | |
| Charitable activities | ||||
| Riding for the disabled | 15 | - | 15 | |
| Other trading activities | 9.519 | - | 9.519 | |
| Total | 24.580 | 16.165 | 40.745 | |
| EXPENDITURE ON | ||||
| Raising funds | 1.028 | ; | 1.028 | |
| Charitable activities | ||||
| Riding for the disabled | 16.955 | 4.415 | 21,370 | |
| Total! | 17.983 | 4.415 | 22.398 | |
| NET INCOME | 6.597 | 11,750 | 18.347 | |
| Transfers between funds | (3.647) | 3.647 | - | |
| Net movement in funds | 2.950 | 15.397 | 18.347 | |
| RECONCILIATION OF FUNDS | ||||
| Totalfundsbroughtforward | 35.217 | 2.103 | 37.320 |
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MORPETH GROUP RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024
| 6. | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| £ | £ | £ | |||
| TOTAL FUNDS CARRIED FORWARD | 38.167 | 17.500 | 55.667 | ||
| 7. | TANGIBLE FIXED ASSETS | ||||
| Ponies | Saddlery | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At I April 2023 | 16,167 | 2,560 | 18,727 | ||
| Additions | 9,317 | - | 9,317 | ||
| Valuation adjustment | (3,667) | - | (3.667) | ||
| At31 March 2024 | 21,817 | 2,560 | 24,377 | ||
| DEPRECIATION | |||||
| Atl April 2023 | - | 1,250 | 1.250 | ||
| Charge for year | - | 262 | 262 | ||
| At3] March 2024 | - | 1,512 | 1,512 | ||
| NET BOOK VALUE | |||||
| At31 March 2024 | 21,817 | 1,048 | 22,865 | ||
| At31 March 2023 | 16.167 | 1,310 | 17.477 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Accrued expenses | 721 | 660 | |||
| 9. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.23 | in funds | funds | 31.3.24 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 33,206 | 6,317 | (484) | 39,039 | |
| CJ Legacy designated fund | 4.961 | - | - | 4,961 | |
| 38,167 | 6.317 | (484) | 44,000 | ||
| Restricted funds | |||||
| Ponies restricted fund | 17.500 | (3,167) | 484 | 14,817 | |
| TOTALFUNDS | 55.667 | 3.150 | - | 58.817 |
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MORPETH GROUP RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024
- MOVEMENT IN FUNDS- continued
Net movement in funds. included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 28.181 | (21,864) | 6.317 |
| Restricted funds | |||
| Ponies restricted fund | - | (3,167) | (3,167) |
| TOTALFUNDS | 28,181 | (25,031) | 3,150 |
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.22 | in funds | funds | 31.3.23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 27.756 | 6.597 | (1,147) | 33.206 |
| CJ Legacy designated fund | 4.961 | - | - | 4.961 |
| Ponies designated fund | 2.500 | - | (2.500) | - |
| 35.217 | 6.597 | (3.647 ) | 38.167 | |
| Restricted funds | ||||
| Championship fund | 2.103 | (3.250) | 1.147 | - |
| Ponies restricted fund | - | 15.000 | 2.500 | 17.500 |
| 2.103 | 11.750 | 3.647 | 17.500 | |
| TOTAL FUNDS | 37.320 | 18.347 | - | 55.667 |
| Comparative netmovement in funds. included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | a | ||
| Unrestricted funds | ||||
| General fund | 24.580 | (17.983 ) | 6.597 | |
| Restricted funds | ||||
| Championship fund | 1.165 | (4.415 ) | (3.250) | |
| Ponies restricted fund | 15.000 | - | 15.000 | |
| 16.165 | (4.415) | 11,750 | ||
| TOTALFUNDS | 40.745 | (22.398) | 18.347 |
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MORPETH GROUP RIDING FOR THE DISABLED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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