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← Riding For The Disabled (Woodbridge & District Group)

2021-03-31-accounts

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) FORMERLY KNOWN AS RIDING FOR THE DISABLED (HOLLESLEY GROUP)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Charity Number: 1127627

Company Number: 06421182

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ENSORS ACCOUNTANTS LLP Moseley'sSaxonFarm HouseBusiness Centre Fomham Alt Saints Bury St Edmunds Suffolk iP28 6JY

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

CONTENTS

Year ended 31 March 2021

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||||| |---|---|---|---| |Page| |Charity|Information|4| |Trustees|Report|2-5| |Independent|Examiner's|Report|6| |Statement|of Financial|Activities|7| |Balance|Sheet|8| |Notes to the|Financial Statements|9-15|

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

CHARITY INFORMATION

Year ended 31 March 2021

Charitynumber: 1127627
Companynumber: 06421182
Company secretary: K Silburn
Trustees/directors: C Leggett
J Anderson
J Leggett
S Hammond
K Silburn
Independent Examiner: Graham Page FCA
Ensors Accountants LLP
Saxon House
Moseley's Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
Bankers: Barclays BankUKPLC
Principal and Registered office: Cedarwood
Hollesley Road
Alderton
Woodbridge
Suffolk
IP12 3BB
Investment managers: Pearson Wealth Management Ltd
Tuddenham Hal! Estate Office
Tuddenham
Ipswich
Suffolk
IP6 SDD
Accountants: EnsorsAccountants LLP
Saxon House
Moseley's Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP286JY

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

TRUSTEES' REPORT

For the year ended 31 March 2021

The Trustees (who are also Directors under the Companies Act) present their Report and Accounts for the year ended 31 March 2021. 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 applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019.

STRUCTURE, GOVERNANCE AND MANAGEMENT

byRidingits Memorandum for the Disabledof Association (Woodbridgeand& ArticlesDistrict Group)of Association (the 'Charity’)dated 7 isNovembera company2007.limited by guarantee, governed

Administration of Charity

The Charity is administered by the Trustees, who meet regularly to make ail managerial decisions. Key Management Personnel Remuneration The Trustees consider the board of Trustees as comprising the key management personnel of the charity, who are in charge of directing and controlling the charity and running and operating the charity on a day to day basis.

All Trustees give their time freely and no trustee remuneration was paid during the year.

Recruitment, Appointment and Training of Directors

The Trustees keep under review the composition of the Board, identifying the need for recruitment processes to take place. Trustees are identified by "word of mouth" and knowledge of the Charity. The Trustees will review any potential candidate to ensure they compliment the Charity.

Details of potential candidates are discussed at board meetings prior to inviting any potential new member to join. Newly nominated Trustees are briefed by the existing Trustees and receive background information, annual accounts and minutes of recent meetings upon appointment.

Risk Assessment

The Trustees review the major risks to which the Charity is exposed and ensure that systems are in place to mitigate any risks Identified.

OBJECTIVES, ACITIVITES, ACHIEVEMENTS AND PERFORMANCE

Objectives

The main objective of the Charity is to provide therapeutic riding and carriage driving activities for adults and children with learning and/or physical disabilitias to benefit their health and well-being. The Trustees have striven to provide a centre which is fit for purpose, and thank the Chamberlain family for the provision of land at The Bays, Monewden Road, Clopton, together with a long term lease (See Note 15 of the accounts for further details).

The Charity achieves these aims by;

Providing remedial and therapeutic sessions on a daily basis for disabled adults and children from the Ipswich and East Suffolk areas;

Volunteer instructors working closely with physiotherapists, doctors and other health professionals to help clients gain the maximum benefit from activities.

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) TRUSTEES' REPORT (CONTINUED)

For the year ended 31 March 2021

Public Benefit The Board of Trustees are aware of their duties to ensure activities of the Charity are carried out in the furtherance of its objectives. All the activities are given careful consideration by the Trustees against the Charity Commission's guidance on public benefit.

Achievements and Performance

As a result of the global Coronavirus pandemic, the Charity has been limited in its ability to hold fundraising events. As a result, it's income from charitable activities has fallen from £24,139 to £15,177 (Note 2, Page 11). Despite being limited in its ability to raise funds through fundraising and events, the Charity has seen a large increase in its income from donations and legacies, most notably seeing an increase in grant funding from £3,500 in 2020 to £69,075 in 2021. The Charity was lucky enough to receive grant funding of over £20,000 in respect of loss of income due to Covid. Furthermore, it received £34,000 of match funding during the period from charitable foundations.

Due to the impact of Covid-19 restrictions, staff hours had to be increased to cover for volunteers who were unable to assist with the horses, and a new member of staff was recruited. This resulted in an increase in staff costs from £26,198 in 2020 to £31,039 in 2021 (Note 5, Page 12). The recruitment of a new member of staff freed up the time of the Charity's existing staff member to train parents and carers to accompany participants when riding in place of volunteers. Going forward, her time will be used to set up and run new classes and to concentrate on getting schools back in September and re-opening driving. The other members of staff will continue to handle equine matters.

During the year the Charity raised over £8,390 through an appeal towards the cost of the new horse walker, which exceeded the expectations of the Trustees. The cost of the new hoarse walker has been capitalised and is shown as a plant and machinery addition (Note 6, Page 12).

Despite the challenging circumstances the Trustees are pleased with the Charity’s achievements over the past 12 months and wishes to thank the many people who continue to help and support the Charity both financially and with the time they have given. This Is reflected in the increase in the net movement of funds, which has increased from a net outgoing of £14,690 in 2020 to net ingoing funds of £43,181 in 2021 (Page 7).

FINANCIAL REVIEW Incoming resources of the Charity for the year ended 31 March 2021 were £118,427 (2020: £72,091) (Page 7). The net incomng resources of the Charity for the year ended 31 March 2021 were £36,060 (2020: net outgoing resources of £7,850) (Page 7).

As mentioned above, the increase in incoming resources is largely due to an increase in grants awarded during the year. Expenditure on charitable activites remains largely comparative to the previous year.

Investment Policy

The Trustees have the power to invest surplus cash as they see fit for the day to day use of the Charity. The Trustees have decided to hold some reserve balances with its appointed bankers in a combination of current and short term deposit accounts. The remainder of its reserves are held in an investment portfolio managed by third party investment managers; Pearson Wealth Management Ltd. The charity takes account of social, environmental and ethical considerations in selecting its investment policy. This policy will be reviewed as and when market conditions or business requirements change.

During the year the portfolio represented a return of £1,253 (2020: £1,559) (Page 7). The market value of the portfolio at the balance sheet date was £50,811 (2020: £42,817) (Page 7, Note 13).

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

TRUSTEES' REPORT (CONTINUED)

For the year ended 31 March 2021

Reserves Policy

To avoid closure if funding difficultias were to occur, due for example to adverse weather conditions, equine flu or fire, the Riding for the Disabled (Woodbridge & District Group) Board of Trustees have agreed to keep a certain level of financial reserves to ensure that the main operations of the group can continue for a minimum of one year.

The main concerns of the Board are to ensure:

that volunteers and staff can continue to provide activities for clients;

that volunteers and staff can continue to ensure horse welfare and client participation;

that volunteers and staff are supported in the pursuit of grant funding and general fundraising;

The >current that in thefunding eventis ofsecuredclosure theon Groupa monthly can meetbasis, anybut obligationsif difficulties to itswere staffto andarise landiord.it has been calculated that reserves of £76,000 would be needed to continue the operational costs for a period of one year.

In addition, although the Charity now has security of tenure, there are on-going costs relating to the further development of the group's new premises.

The reserves have been built up from legacy income which was ring fenced to fund the continuation of this specific Riding for the Disabled Group and to that end have been held for said purpose.

The level of reserves are calculated and monitored every four months by the Woodbridge & District Group Director/Trustees.

This policy is reviewed annually or whenever there are significant or unusual changes in activities and donations.

Future Developments

The Trustees will ensure that the Charity will continue to meet its charitable objectives for the foreseeable future, ensuring that a wide range of beneficiaries will continue to benefit from its activities.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Charity Trustees (who are also the directors of Riding for the Disabled (Woodbridge & District Group) for company law) are responsible for preparing the trustees’ annual report and financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Charity Trustees to prepare financial statements 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 the financial statements the Directors are required to:-

Select suitable accounting policies and then apply them consistently; > Observe the methods and principles in the applicable Charities SORP;

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Make judgements and estimates that are reasonable and prudent:

State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the Financial Statements; and

Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

TRUSTEES’ REPORT (CONTINUED)

For the year ended 31 March 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES (CONTINUED)

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the company and which 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.

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

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This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved on behalf of the board on... {Sloe !2oa1

C Leggett Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

For the year ended 31 March 2021

| report to the Charity Trustees on my examination of the accounts of Riding for the Disabled (Woodbridge & District Group) ("the Company") for the year ended 31 March 2021.

Respective Responsibilities of Directors and Examiner

As the Charity 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").

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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 | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner’s Statement

| 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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| 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.

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Ensors Accountants LLP

Saxon House

Moseley's Farm Business Centre Formham Ail Saints Bury St Edmunds IP28 6JY

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

STATEMENT OF FINANCIAL ACTIVITIES

{INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 March 2021

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||||||||| |---|---|---|---|---|---|---|---| |Year|Year| |Funds|Funds|2021|2020| |Notes|£|£|£|£| |Income|and|endowments|from:| |Donations|and|legacies|49,458|48,833|98,291|36,214| |Other|trading|activities|18,883|-|18,883|34,318| |Investments|1,253|-|1,253|4,559| |Total income|2|69,594|48,833|118,427|72,091| |Expenditure|on:| |Charitable activities|62,077|20,290|82,367|79,941| |Total|expenditure|3|62,077|20,290|82,367|79,941| |Net|income/(expenditure)|7,517|28,543|36,060|(7,850)| |Investments| |Unrealised|gain/(loss) on revaluation|7,121|-|7,121|(6,840)| |Transfer between funds|11|-|-|-|-| |Net movement In Funds|14,638|28,543|43,181|(14,690)| |Reconciliation|of|Funds:| |Tota!|Funds|Brought|Forward|84,111|1,077,560|1,161,671|1,176,361| |Total|Funds Carried Forward|11|98,749|1,106,103|1,204,852|1,161,671|

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The Statement of Financial Activities included al! gains and losses recognised in the year. All income and expenditure derives from continuing activities.

The notes on pages 9 to 15 form part of these financial statements.

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

BALANCE SHEET

As at 31 March 2021 gg

Total
2021		 Total
2020
Notes £ £
Fixed assets
Tangible assets 6 1,079,506 1,089,374
Investments 7 50,811 42,817
1,130,317 1,132,191
Current assets
Stocks 8 7,385 6,754
Debtors 9 2,193 2,705
Cash at bank and in hand 67,744 33,138
77,321 42,597
Liabillties
Creditors: Amounts falling duewithinone year 10 2,786 13,117
Net current assets 74,535 29,480
Total net assets 11 1,204,852 1,161,671
The Funds ofthe Charity:
Unrestricted Funds 95,985 84,111
Restricted Funds 1,108,867 1,077,560
12 1,204,852 1,161,671

These accounts are prepared in accordance with provisions applicable to companies subject to small companies’ regime.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its incoming resources and application of resources for the financial year, including its income and expenditure, in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved and signed on behaif of the board on....'S.lo% {2021

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C Leggett Ck
Trustee
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Company Number - 06421182

The notes on pages 9 to 15 form part of these financial statements.

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

1) Accounting policies

Riding for the Disabled (Woodbridge & District Group) (company number: 1127627) is a private company limited by guarantee incorporated in the United Kingdom. The charity’s registered office is Cedarwood, Hollesley Road, Alderton, Woodbridge, Suffolk, IP12 3BB.

These Financial Statements have been prepared in accordance with applicable accounting standards and under the historical cost convention. The Financial Statements have been prepared in accordance with the Statement of Recommended Practice: 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) effective from 1 January 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

Thematerial charityuncertainties constitutesabout a public the benefitCharity's entityability as to definedcontinue by FRSas a 102.going Theconcern. TrusteesThe considerTrustees thathave therereached are no this conclusion based on the Charity's Reserves Policy, which demonstrates that the Charity has sufficient reserves to continue its operational costs for the period of one year from the date the accounts are approved. .

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Incoming resources

All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable the income will be received, and the amount of income can be measured reliably.

Voluntary Income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

Incoming resources from Charitable Activities are accounted for when earned.

Donated professional services and donated facilities are recognised as income when the charity has control over the item, and conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Resources expended

Liabilities are recognised as expenditure as scon as there Is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

Expenditure relating to restricted and unrestricted activities have been apportioned between the two on an activities basis according to income.

irrecoverableIrrecoverable VATVAT is charge against the expenditure heading for which it was incurred.

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 March 2021

1) Accounting policies (Continued)

Fund accounting

Unrestricted Fund - This fund is to be used at the discretion of the Trustees in furtherance of the general

Rastricted Fund - This fund is for the purpose of rebuilding and relocation to the new site at Clopton.

Tangible fixed assets

Property Improvements are shown in the financial stataments at cost. Expenditure incurred in respect of the building works at Clopton are depreciated at 2% on a straight line basis.

Plant and machinery is included within the accounts at cost. The assets included within this pool are depreciated at 20% on the reducing balance basis.

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Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are values at the amount prepaid after taking account of any trade discounts due.

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Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term liquid investments.

Creditors

Creditors are racognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured reliably. Creditors are normally recognised at their settlement amount after allowing from any trade discounts due.

Pension commitments

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Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. The assets of the scheme are held separately from those of the company. Contributions are paid as they fall due.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measures at their market value.

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Accounting estimates and judgements

In the preparation of the financial statements, no material judgements, estimates and assumptions have been made that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year, with the exception of depreciation as detailed above.

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 March 2021

2) Analysis of incoming resources

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2021 Funds Funds 2020
£ £ £ £ £ £
Donations and legacies
GiftAid 1,035 - 1,035 4,631 - 4,631
Grants 28,853 40,222 69,075 3,000 500 3,500
Donations 19,570 8,611 28,181 27,723 360 28,083
49,458 48,833 98,291 35,354 860 36,214
Other trading activities
Charitable activities 15,177 - 45,177 24,139 - 24,139
One Lottery 375 375 - - -
100 Club - - - 576 - 576
Horse sale - - - 600 - 600
Merchandise - - - 407 - 407
Anglia Lotteries 3,331 - 3,331 8,596 - 8,596
18,883 - 18,883 34,318 - 34,318
Investment income
Deposit account interest 3 - 3 1 - 1
Dividend income 495 - 495 761 - 764
Other investment income 755 - 755 793 - 793
1,253 - 1,253 1,555 - 1,555

The Charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

3) Analysis of resources expended

Expenditure on: Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2021 Funds Funds 2020
£ £ £ £ £ £
Charitable activities
Animal feed & bedding 4,518 - 4,518 5,605 - 5,605
Vetand farrier 5,772 - 5,772 7,648 - 7,648
Merchandise
Otheroperating leases		 -
6,000		 -
-		 -
6,000		 251
6,275		 -
-		 251
6,275
Insurance 2,888 - 2,888 3,099 - 3,099
Premises costs 5 367 - 5,367 4,946 - 4,946
Sundries 886 - 886 2,421 - 2,421
Training - - - 476 - 476
Repairs 3,814 723 4,538 3,138 500 3,638
Wages,etc 31,039 - 31,039 26,198 - 26,198
Accountancy 414 - 414 582 - 582
Transport 6 - 6 - - -
Bank charges - - - (268) - (268)
Commission 219 - 219 232 - 232
Depreciation 1,153 19,567 20,720 1,441 17,397 18,838
62,077 20,290 82,367 62,044 17,897 79,941

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 March 2021

4) Net incoming resources are stated after charging:

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|||||| |---|---|---|---|---| |2021|2020| |£|£| |Depreciation|20,720|48,838| |Independent|Examiner's|fee|414|320| |5)|Analysis|of staff costs|and|numbers|

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||||||||| |---|---|---|---|---|---|---|---| |2021|2020| |£|£| |Salaries|and wages|17,108|15,399| |Social|security|costs|1,479|1,491| |Employers|contribution|to|Defined|Benefit|Schemes|825|788| |Yard|management|11,627|8,520|

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No employees had emoluments in excess of £60,000 (2020: 0 employees). The average monthly head count was 1 member of staff (2020: 1).

The Charity's Trustees were not paid and did not receive any other benefits from employment during

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |6) Tangible assets| |Property|Plant and| |improvements|machinery|Total| |£|£|£| |Cost at1 April 2020|1,101,005|14,021|1,115,026| |Additions|10,852|10,852| |Disposals|-|-|-| |Cost at 31|March 2021|1,101,005|24,873|1,125,878| |Depreciation at|1|April 2020|17,397|8,255|25,652| |Depreciation|charge|17,397|3,323|20,720| |Depreciation|on|disposals|-|:|-| |Depreciation|at|31|March|2021|34,794|11,578|46,372| |Net|book|value|at|31|March|2021|1,066,211|13,295|1,079,506| |Net book value at 31|March 2020|1,083,608|5,766|1,089,374|

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

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For the year ended 31 March 2021

7) Fixed asset investments

Market
Value
Additions /		 Market
Value
Additions /		 Unrealised
Gains /		 =§Market.
Value_
Cost
01/04/2020
(Disposals)		 {Losses) 31/03/2021
UK listed nvestments 50,000
37,042		 43 9,623 46,707
Foreign listed investments -
5,775
50,000
42,817		 (368)
(326)		 (1,302)
8,320		 4,104
50,811
The following individual investments held represent more than 5% ofthe the portfolio:-
Market
Value
Quantity Investment £
4,561
3,745		 AXAFramlingtonManagedIncomeZ
BMO UK Property Feeder 2 Acc		 2,962
2,555
749 Fundsmith Equity Fund Class
1,229 IFSL Brooks MacDonald Defensive CapitalA 2,948
1,897 Invesco Perpetual Monthly Income PlusZ 6,012
1,669 Janus Henderson UKAbsolute Return
602 LF Ruffer Total Retum Class O 3,169
2,721 Natixis H20 Multi Returns Class N G 5,049
2,722 Royal London Coporate Bond Fund 4,252
2,003 ThreadneedleUKPropertyPAIFInst 2,694

Current asset investments are stated at market vaiue with any surplus or deficit being accounted for through the Statement of Financial Activities as realised surplus or deficit. The departure from the Companies Act requirement to show current assets at the lower of cost or net realisable value is justified in order to show a 8)[Stocks] true and fair view.

requirement to show current assets at the lower of costcost or net
true and fair view.and fair view.fair view.view.
8) [Stocks]		 realisable value is justified justified in order
2021 2020
Cost of horses 5,050 5,050
Feed and bedding in stock 1,433 905
Tack and other sundries 902 799
7,385 6,754
9) Debtors
2021 2020
Prepayments and accrued income 2,195 2,705
10) Creditors (Amounts falling due within one year) 2021 2020
Trade creditors 2,786 3,117
Other creditors - 10,000
2,786 13,117

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

For the year ended 31 March 2021

11) Movement of funds

Movement of fundsfunds
B/F at Incoming Resources C/F at
01/04/2019 resources expended Transfers 31/03/2020
£ £ £ £ £
Unrestricted Funds 81,764 64,391 (62,044) - 84,111
Restricted Funds 1,094,597 860 (17,897) - 1,077,560
1,176,361 65,251 (79,941) - 1,161,671
B/F at Incoming Resources CIF at
01/04/2020 resources expended Transfers 31/03/2021
£ £ £ £ £
Unrestricted Funds 84,111 76,715 (62,077) - 98,749
Restricted Funds 1,077,560 48,833 (20,290) - 1,106,103
1,161,671 125,548 (82,367) - 1,204,852

Unrestricted Fund‘This fund is to be used at the discretion of the Trustees in furtherance of the general objectives of the Charity. Restricted Fund - This fund covers> The purpose of therebuilding following:and continual improvement to the new site at Clopton; > Specific projects as indentified on an individual basis; and > The new hourse waiker. Transfers Transfers from the Unrestricted Fund represent the Charity's own contribution towards ongoing projects.

12) Analysis of net assets between funds

Currentfinancial year Tangible Net assets/
assets
£		 Investments
£		 __{Ilabilitles)
£		 Total
£
Unrestricted Funds 7,896 50,811 37,278 95,985
Restricted Funds 1,071,640 - 37,257 1,108,867
1,079,506 50,811 74,535 1,204,852
ate ee et
-
Previous financialyear Tangible Net assets/
assets Investments (liabilities) Total
£ £ £ £
Unrestricted Funds 9,049 42,817 29,480 81,346
Restricted Funds 1,080,325 - - 1,080,325
1,089,374
42,817
29,480
1,161,671
ae
eee

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

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For the year ended 31 March 2021

13) Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable gains Act 1992 to the extent that these are applied to its charitable objects.

14) Related party transactions

During the year £120 was donated to the Charity by a Trustee (2020: £350).

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During the year, an entity to which the Charity is closely connected paid sponsorship of £890 (2020: ENil).

During the year £600 was paid by a Trustee for use of a horse (2020: £Nil).

During the year a loan from a Trustee of £10,000 was repaid by the Charity. The loan was unsecured and noninterest bearing.

15) Commitments

The charity is committed to paying £6,000 per annum in relation to an operating lease.

At the balance sheet date the charity was committed to making a payment of £6,000 within the next financial year in regard to this.

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