Cranleigh Riding for the Disabled Association Group Company Limited by Guarantee Financial Statements for the year ended 31 March 2024 Cranleigh Riding for the Disabled Association Group Company Limited by Guarantee Financial Statements 31 March 2024 Company Registration Number. 06603028 Chanty Number. 1125242
Cranleigh Riding for the Disabled Association Group Company Limlted by Guarantee Flnancial Statements for the year ended 31 March 2024 Contents Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes 7-11 Detailed Statement of Financial Activities 12
Cranleigh Riding for the Disabled Association Group Company Limited by Guarantee Financial Ststements for the year ended 31 March 2024 Trustees, Annual Report The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 31 March 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities. OBJECTIVES AND ACTIVITIES The objects of the charity are to promote the objects of the Riding for the Disabled Association Incorporating Carriage Driving, a charity registered under charity number 244108, by providing disabled people with the opportunrty to ride andlor to carriage drive to benefrt their health and well-being in the Cranleigh area. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. We believe that the charity provides public beneftt by delivering riding opportunities for disabled people. The trustees intend to cary on activities in similar fashion. Chalrman's Report Since I took over as Chair at the last AGM have rtainlY flown by quickly. During that time, it has been a pleasure and a privilege to leam more about our activities, get to know more volunteers, and see how they bring so much joy to our riders. Highlights for me include the Christmas event we held to bring together everyone associated with Cranleigh RDA. attending the Cranleigh Golf Club presentation evening to receive a cheque for over £10,000, raised by their 2023 Captains,. and getting involved, albeit in a small way, in the annual Sponsored Ride on Good Friday, which raised over £11,000 for our funds. As you will see in the Treasurerfs Report, we are in a reasonably healthy financial position at present. However, the Board is very conscious of our running costs increasing while our rider income has been falling. As reported last year, we are still short of coaches, although we have increased the number of trainee coaches in the pipeline. Consequently, we have agreed three ongoing prionties we all need to work on together: Increase the number of coaches, to enable us to run more sessions in the medium term and ultimately grow rider income. Identify more sources of income through sponsorship, grants, and foundations. Engage more actively and frequently with our entire communty of volunteers, to recognise and thank them for their contributions. So, we continue to thrive but must be aware of the challenges we face. Let me finish, however, on a positive note by expressing my sincere thanks to.. Mary Stokes and Sarah Matthews, my predecessors as Chair, for their stewardship of Cranleigh RDA through a difficult period. Maggie Bradley. who stepped down from the Board in February, for her contribution while a Board member. The stable management team, for their hard work in keeping our horses in great shape, 365 days a year.
Crdnlelgh Riding for the Disabled Association Group Company Limited by Guarantee Financial Statements for the year ended 31 March 2024 The Coaches and Organisers Committee, for continually developing and managing an outstanding programme for all our riders. All our volunteers, the beating heart of Cranleigh RDA, for their dedication. All our donors and supporters, for their generosity. My fellow Board members, for their support in helping me settle into my role. I look fonNard to us all continuing to work together to provide life-enhancing opportunities for riders with disabilrties throughout 2024-25 and beyond. FINANCIAL REVIEW The Group has seen a reduction of rider numbers and rider donations compared to last year. This is mainly a result of fewer riding sessions being run, which in tum results from having fewer coaches. Riding donations totally £20.1k compared to £24.1 k for the pviouS year, which is a fall of c190k. However annual rider donations are still running at c£14k below pre-covid levels. and, given the issues currently faced in maintaining the number of sessions held, rt is unlikely that we will retum to historical levels within the near future. During the year we were very fortunate to receive significant donations of £10.3k from the Cranleigh Golf club together with a donation of £8.6k from one of our volunteers who raised this through their employerfs sponsorship scheme. These, together with many other generous donations, have given our cash reserves a welcome boost. This year the Easter sponsored ride was very well supported and it raised over £11k, up from £8.6k in the prior year. An increase in some costs has been seen, especially some of those relating directly to the care and welfare of our horses, such as vet and farrier fees. We purchased two new horses during the year, Jet and Rupert, at a cost of £7k and £2,5k respectively. Administration costs have been tightly controlled, although during the year we incurred several unexpected premises costs, including repairs to the hoist and ramp and replacing the grader, which between them cost £7.8k. The profit and loss statement for the period the shows net expenditure of £19,081 (2023 net income £4,951). Total funds at the end of the period were £861,346 (2023: £880,427). Cash balances have reduced to £87,899 (2023: £92,523). Total expenditure {excluding depreciation) in 2024 was £82,199 (2023: £72,826). Cash reserrfes are sufficient to cover 12 months, expenditure (2023: 15 months). It is the trustees. policy to maintain sufficient reserves to cover 12 months, expendrture. The trustees meet on a regular basis to review the charity's financial position: expenditure is being tightly managed and fundraising activities are ongoing. Given all the circumstances. the trustees consider the Group remains adequately funded to continue its operations.
Cranleigh Riding for the Disabled Association Group Company Limited by Guarantee Financial Statsments for the year ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and artides of association. The directors of the company are also trustees of the charty. Eligibility for membership of the charity and membership of the board of trustees is governed by the memorandum and arb'cles of association. There are no restrictions in the goveming document on the operation of the charity or on its investment powers, other than those imposed by general charity law. New trustees are identified in relation to the knowledge and skills that they can bring to the charity's activities. REFERENCE AND ADMINISTRATIVE DETAILS RegiSted charity name Charity registration number Company registration number Principal and registered office Cranleigh Riding for the Disabled Association Group 1125242 06603028 Casi's Fann Rowly Drive Cranleigh Surrey GU6 8PL Trustees, all of whom served the company throughout the period. were as follows.. Alastair McDonald (Chair) Joined September 2023 Sarah Matthews (Co-chair) Resigned September 2023 Mary Stokes (Co-chair) Resigned September 2023 Cass Ivie (Secretary) Mark Fidling (Treasurer) Pat Breakell Resigned September 2023 Anthea Dickson Liz Harrison Dick Lane Nicola Kelso Independent examiner Bemard Brace FCCA 52-53 Smithbrook Kilns Cranleigh Surrey GU6 8JJ Bernard Brace has been re-appointed as independent examiner for the ensuing year. Signed on If of the trustees. Mark Fidling Director and trustee
Cranlelgh Riding for the Disabled Association Group Company Limited by Guarantse Financial Statements for the year ended 31 March 2024 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF CRANLEIGH RIDING FOR THE DISABLED ASSOCIATION GROUP I report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 1 to 12. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees (who are also the directors of Cranleigh Riding for the Disabled Association Group for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examinats'on is needed. Having satisfied ryself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibilty to: examine the accounts under section 145 of the 2011 Art follow the procedures laid down in the general Diwtions given by the Charity Commission under section 145{5)(b) of the 2011 Act; and state whether particular matters have come to my attents'on. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance wrth the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented wrth those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees conMIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with ry examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material spect the requirements.. to keep accounting records in accordan with section 386 of the Companies Act 2006,. and to prepare accounts which accord WTth the accounting records, comply wrth the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met., or 2. to which, in my opinion, attention should be drawn in order to the accounts to be reached. lea nderstanding of Bernard Brace FCCA 52-53 Smithbrook Kilns Cranleigh, Surrey, GU6 8JJ Independent examiner
Cranleigh Riding for the Disabled Association Group Company Limited by Guarantee Financial Statements ft>rthe year ended 31 March 2024 STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account) 2024 Restricted Fund8 2023 Unrestricted Funds Total Funds Total Funds Note Income frDm.' Donations and legaaes 34.620 34,620 32.672 Charitable activities 20.084 20,084 24.805 Other trading adivities 23.561 23,561 35,929 Investments 511 511 28 Totsl Income 78,776 78.776 93,434 Expenditu on.. R8ising funds Charitable activiti8S 1,305 1,490 86,993 718 96.452 Premises improvem8nts Total Expendltur• 97.757 97,757 88.483 Not Incomo 1 {Exponditure) (18,981) 118,981 4,195 The Statement of Financial Activities includes all gains and losses recognised in the year. All of the above amounts relate to continuing actiVFties.
Cranleigh Riding for the Disabled Association Group Company Limited by Guarantee Financlal Statements for the year ended 31 March 2024 BALANCE SHEET 2024 2023 Fixed Assets Tangible Assets 11 772,205 772,205 787,862 787,862 Current Assets Debtors 12 1,340 87,889 89,239 1,241 92,533 Cash at Bank Liabilities Creditors.. Amounts falling due within one year Net Current Assets 13 (1,200) 92,564 89.239 Total Assets less Current Liabilities 861,445 880,427 Net Assots 861,445 880,427 Fund8 Restricted Income Funds Unrestricted Income Funds 15 861,445 861,445 880,427 880,427 Total Funds For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act {2006) relating to small companies. Trustees, responsibilities.. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. and The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements were approved by the members of the Board and authorised for issue on date and are signed on their behalf by: Mark Fidling Director and trustee Company registration Number. 06603028
Cranleigh Riding for the Disabled Association Group Company Limlted by Guardntee Financial Ststemants for the year ended 31 March 2024 The Notes on Pages 7 to 12 fonn part of these Financial Statements. NOTES 1. ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared in accordan with Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard for Smaller Ents'ties published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transacts.on value except for investments which are induded at market value. Fund accounting Funds are split between unrestricted and restricted funds. Restn'cted fvnds are funds where the donor detemiined the way in which the charity should apply the funds. Fixed assets Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The cost shown in the accounts for freehold land is the historical cost at which it was inherited by the charity (from the previously unincorporated charity In 2009). Depreciation is calculated to vKite down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected usefvl lives using the straight-line method. The rates applicable are.. Freehold buildings Equipment (tack) 50 years (and starting in the year after acquisition) the directors believe that the net aliSable value is at least equal to historic cos( and so is not depreciated. 4 years Motor vehicles stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cranleigh Riding for the Disabled Association Group Company Limited by Guarantee Financial Statements for the year ended 31 March 2024 INCOME FROM DONATIONS AND LEGACIES Unrestricted Restricted Total Funds Funds Funds 2024 Total Funds 2023 Donations Grants 34,620 34,620 32,672 34.620 34.620 INCOME FROM CHARITABLE ACTIVITIES Unrestrlct•d Restrlcted Totsl Funds Funds Funds 2024 Total Funds 2023 Voluntary Donations from Riders 20,084 20,084 24,805 20.084 The charity does ask riders for a donats'on to help with costs: however, this is entirely voluntary, and services are provided regardless of whether or not a donation is received. INCOME FROM OTHER TRADING ACTIVITES Unrestrfcted Re8trl¢ted Total Funds Fund8 Funds 2024 Totsl Funds 2023 Shop income Sponsored Ride Other Fund-Raising events Sale of a Pony Other activities for generating funds 1,064 11,149 10,303 142 7,744 21,854 4,949 1,240 11,149 10,303 1,045 1,045 INCOME FROM INVESTMENTS Unrestrlcted Restrict•d Total Funds Funds Funds 2024 Total Funds 2023 Bank interest 511 511 28 511 511 28
Cranleigh Riding for the Disabled Association Group Company Limited by Guardntee Financial Statements for the year ended 31 March 2024 EXPENDITURE ON RAISING FUNDS Unrestrlcted Restricted Total Funds Funds Funds 2024 Total Funds 2023 Shop costs Fundraising costs Bank charges 731 514 60 731 514 60 376 1042 72 1,304 1.304 1490 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVI TYPE Riding Facilities Total 2024 Total 2023 Provision of riding facilits'es Purchase of horses Depreciation 71,795 9,000 15,657 71.795 9,000 15,657 63,806 7,907 15,657 87,370 SUMMARY ANALYSIS OF EXPENDITURE AND RELATED INCOME FOR CHARITABLE ACTIVITIES Provldlng Riding Opportunlties Total 2024 Total 2023 Voluntary donations from riders Provision of riding facilities Purchase of horses 20.084 (71,795) 20,084 (71,795) 9,000 (46,907) 15,657 76,368 24,805 (63,806) 7,906 (46,907) 15,657 62,564 (46,907} 15,657 Depreciation Net expenditure on charitable activities Expenditure on charitable activiti'es includes Depreciation of £15,657 (2023.. £15,657) which is a non- cash item. The underlying (cash) net expenditure is funded by voluntary contributions from riders, fundraising activits'es {eg the annual sponsored ride). grants and donations.
Cranleigh Riding for the Disabled Association Group Company Limited by Guarantee Financial Statements for the year ended 31 March 2024 STAFF COSTS AND EMOLUMENTS Total 2024 Total 2023 Total staff costs were as follows.. Wages and salaries. incl National Insurance and pension 20.059 19,241 20.059 19,241 Particulars of employees.. The average monthly headcount was 1 (2023..1) and the average number of employees during the year, calculated on the basis of full-ts'me equivalents was as follows.. 2024 2023 Number of management staff No employee receNed remuneration of more than £60.000 during the year (2023: None). 10. TANGIBLE FIXED ASSETS Frnohokl Lond Frnehold Bulldlngs Equlpffl•nt Motor Vehlcles Total C08t At 1 April 2023 Additions Disposals At 31 March 2024 79.286 782.863 6,420 872.569 79.286 782.863 8.420 872,569 Depreciation At 1 April 2023 In Year At 31 March 2024 78,288 15.657 93.943 6,420 84,705 15,657 100,363 6.420 Net Book Value Al 31 March 2024 At 31 March 2024 79,286 79,286 688,920 688,920 772,205 772,205 4,000 11. DEBTORS 2024 2023 Trade debtors Other debtors Prepayments 1.341 1,241 1,179 12. CREDITORS". Amounts falling due within one year io
Cranleigh Riding for the Dlsabled Association Group Company Limited by Guarantse Financial Statements for the year ended 31 March 2024 2024 2023 Trade creditors Short temi loans 1200 1,200 1,291 13. COMPANY LIMITED BY GUARANTEE The company is incorporated under the Companies Act 1985 and is limrted by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst he or she is sts'll a member or wrthin one year thereafter. The following page does not forni part of the statutory financial statements which are the subject of the independent examinerfs report on Page 4. li
Cranleigh Rldlng for the Disabled Association Group Company Limlted by Guarantee Flnancial Ststements for the year ended 31 March 2024 DETAILED STATEMENT OF FINANCIAL ACTIVITIES This ststement does not form part of the statutory financial statements which are the subject of the independent examinerfs report on Page 4. 2024 2023 Unrestricted Restricted Funds Fund8 Total Funds Total Funds Noto Income from.. Donations Granls 34,620 34,620 32,672 Donations and legacies Voluntary contributions from riders Charitsble actlvltle8 Shop income Fundraising - Sponsored Ride 2022 Fundraising - Other activities Sale of pony Other activities for generating funds Other tradlng actlvltles Inve8tm•nts 34,620 20,084 20,084 34,620 20,084 20,084 32,672 24808 24,805 141 11,148 10,302 11.148 10.302 7,744 21,854 4,949 1,240 35,777 29 1,045 23,561 23,$61 Total Income 78,776 78,776 93,434 endlture on.. Shop costs Fundraising costs Bank charges Raising fund8 Total staff costs Bedding Hay, feed, supplements etc Farrier Vet, physio, dentist et¢ Tack and equipment Teaching and training Horse purchases Repairs and maintenance Electricity and Water Insurance and subscriptions offi expenses Advertising Transport and travel costs Depreciation of buildings Charitable activiti88 731 514 731 376 514 1,042 72 60 1,304 20,059 1,670 5,189 6,058 8,550 4,173 310 1,490 19,243 1,841 5,235 4,795 7,633 5,385 1,635 7,907 8.694 2,081 4,522 935 20,059 1,670 5,189 6,058 8,550 4,173 310 14.9)3 14.903 4,406 5,093 1,124 191 4,993 1,124 191 15.657 97,857 15,657 97.857 15,657 88,483 Premises improvements Total Expenditure 97,851 97.857 88,483 Net Income l (Expenditure) {18.981) {18.981) 4,951 12