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← Riding For The Disabled (Woodbridge & District Group)

2023-03-31-accounts

4

ENSORS’ FILE COPY FOR SIGNATURE AND RETURN

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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 2023

Charity Number: 1127627

Company Number: 06421182

:

ENSORS ACCOUNTANTS LLP Saxon House

Moseley's Farm Business Centre Fornham All Saints

Bury St Edmunds Suffolk IP28 6JY

;

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

CONTENTS

Year ended 31 March 2023

Page
Charity Information 1
Trustees Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
NotestotheFinancialStatements 9-15

. RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) CHARITY INFORMATION

Year ended 31 March 2023

Charity number: 1127627
Company number: 06421182
Company secretary: K Silburn
Trustees/directors: C Leggett
J Anderson
J Leggett
K Silburn
S Bleese
E Winch
K Fox Appointed 21 June 2023
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 Bank UKPLC
Principal and Registered office: Cedarwood
Hollesley Road
Alderton
Woodbridge
Suffolk
IP12 3BB
Investment managers: Pearson Wealth Management Ltd
Tuddenham Hall Estate Office
Tuddenham
Ipswich
Suffolk
iP6 9DD
Accountants: Ensors Accountants LLP
Saxon House
Moseley's Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP286JY

1

_

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

TRUSTEES’ REPORT

For the year ended 31 March 2023

The Trustees (who are also Directors under the Companies Act) present their Report and Accounts for the year ended 31 March 2023. 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

Riding for the Disabled (Woodbridge & District Group) (the 'Charity') is a company limited by guarantee, governed by its Memorandum of Association and Articles of Association dated 7 November 2007.

Administration of Charity

The Charity is administered by the Trustees, who meet regularly to make all 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 disabilities 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;

Employed and volunteer instructors working closely with health and education professionals to help clients gain the maximum benefit from activities.

2

;

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

TRUSTEES' REPORT (CONTINUED) For the year ended 31 March 2023

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 we are now coming out the other side of the global Coronavirus pandemic, the Charity has been more readily able to hold fundraising events. This increase to income has been offset by a decrease in funds received from Anglian Lotteries in the year (Note 2, Page 11).

Further to the increased 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 £90,200 in 2022 to £114,011 in 2023. This grant funding included £80,000 of match funding during the period from charitable

foundations.

Due to the lack of available assistance from volunteers, a decision was made to employ a number of permanent members of staff during the year to assist with the care of the horses, and the staff levels are currently at 6. This has resulted in an increase in staff costs from £42,110 in 2022 to £72,539 in 2023 (Note 5, Page 12).

The Trustees are pleased with the Charity’s achievements over the past 12 months and the recovery seen following the pandemic. The net movement in funds has continued to be positive, though slightly lower this year, decreasing from £36,304 in 2022 to £29,251 in 2023 (Page 7), however when the increase to staff costs as mentioned above is taken into consideration, the position is still very encouraging. The Trustees wish to thank the many people who continue to help and support the Charity both financially and with the time that they give.

FINANCIAL REVIEW

Incoming resources of the Charity for the year ended 31 March 2023 were £190,410 (2022: £145,723) (Page 7). The net incoming resources of the Charity for the year ended 31 March 2023 were £35,012 (2022: £35,440) (Page 7).

As mentioned above, the increase in incoming resources is largely due to an increase in grants awarded during the year, though this is offset by the increased expenditure on charitable activites, overall giving a comparable result to that of 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 £1,506 (2022: £1,583) (Page 7). The market value of the portfolio at the balance sheet date was £69,813 (2022: £76,166) (Note 7, Page 13).

3

_ RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) TRUSTEES' REPORT (CONTINUED) For the year ended 31 March 2023

Reserves Policy

The purpose of this policy is to clearly set out the Riding for the Disabled (Woodbridge & District Group) expectations about safeguarding against any unusual or unforeseen decline in client sessions or charitable donations which might result in the closure of the centre.

To avoid closure if funding difficulties were to occur, includes (but not limited 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:

We have security of tenure with a 12 year Lease which commenced on the 1 January 2018 but there remain ongoing costs relating to the further development of the group's new premises.

The current funding is secured on a monthly basis, but if difficulties were to arise it has been calculated that reserves of £145,800 would be needed to continue the operational costs for a period of one year. The calculations, based on actual costs incurred or negotiated during our previous year of occupation, are included as an appendix to this policy.

These reserves have been built up in part from legacy income. This legacy, bequeathed by Mr John Coles, 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 should be 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;

4

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

; TRUSTEES' REPORT (CONTINUED)

For the year ended 31 March 2023

STATEMENT OF TRUSTEES’ RESPONSIBILITIES (CONTINUED)

Observe the methods and principles in the applicable Charities SORP;

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.

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.

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... .!87".Jeily.29273..

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C Leggett Fy
Trustee
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_ RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

For the year ended 31 March 2023

| 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 2023.

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").

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:

| 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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Graham Page FGé
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Date

Ensors Accovnatdnts LLP

Saxon House

Moseley's Farm Business Centre Fornham All Saints

Bury St Edmunds IP28 6JY

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6

; STATEMENT OF FINANCIAL ACTIVITIES

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

For the year ended 31 March 2023

Year Year
Unrestricted Restricted Ended Ended
Funds Funds 2023 2022
Notes £ £ £ £
Income and endowments from:
Donations and legacies 149,565 11,997 161,562 114,558
Othertrading activities 27,342 - 27,342 29,582
Investments 1,506 - 1,506 1,583
Total income 2 178,413 11,997 190,410 145,723
Expenditure on:
Charitable activities 134,066 21,332 155,398 110,283
Total expenditure 3 134,066 21,332 155,398 110,283
Net income/(expenditure) 44,347 (9,335) 35,012 35,440
Investments
Unrealised gain/(loss) on revaluation (5,737) - (5,737) 864
Realised gain/(loss) on disposals (24) - (24)
Transfer between funds 11 - - - -
Netmovement in Funds 38,586 (9,335) 29,251 36,304
Reconciliation of Funds:
Total Funds Brought Forward 149,631 1,091,525 1,241,156 1,204,852
TotalFundsCarriedForward 11 188,217 1,082,190 1,270,407 1,241,156

The Statement of Financial Activities included all 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.

7

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) BALANCE SHEET

As at 31 March 2023

Total
2023		 Total
2022
Notes £ £
Fixed assets
Tangible assets 6 1,058,183 1,078,193
Investments 7 69,813 76,166
1,127,996 1,154,359
Current assets
Stocks 8 15,138 16,110
Debtors 9 4,258 3,687
Cash at bank and in hand 125,114 84,047
144,510 103,844
Liabilities
Creditors: Amounts falling duewithin one year 10 2,099 17,047
Net current assets 142,411 86,797
Total net assets 11 1,270,407 1,241,156
The Funds ofthe Charity:
Unrestricted Funds 188,713 152,396
Restricted Funds 1,081,694 1,088,760
12 1,270,407 1,241,156

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. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies act 2006. 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 behalf of the board on .... J.T. .Tinty..202.%....

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Trustee

Company Number - 06421182

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

8

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

For the year ended 31 March 2023

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, P12 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.

The charity constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. The Trustees have reached 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.

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 soon 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.

Irrecoverable VAT

Irrecoverable VAT 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 2023

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 objectives of the Charity.

Restricted Fund - This fund is for the purpose of specific projects as indentified on an individual basis.

Tangible fixed assets

Property Improvements are shown in the financial statements 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.

Stocks

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

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.

Cash at bank and in hand

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

Creditors

Creditors are recognised 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

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.

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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10

_ NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

For the year ended 31 March 2023

2) Analysis of incoming resources

Income from:
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2023 Funds Funds 2022
£ £ £ £ £ £
Donations and legacies
GiftAid 130 - 130 2,070 - 2,070
Grants 102,014 11,997 114,011 54,140 36,060 90,200
Donations 47,421 - 47,421 22,268 20 22,288
149,565 11,997 161,562 78,478 36,080 114,558
Othertrading activities
Charitable activities 20,272 - 20,272 17,724 - 17,724
One Lottery 1,066 1,066 1,096 1,096
Merchandise 1,579 - 1,579 469 - 469
Anglian Lotteries 4,425 - 4,425 10,293 - 10,293
27,342 - 27,342 29,582 - 29,582
Investment income
Deposit account interest 3 - 3 2 - 2
Dividend income 894 - 894 820 - 820
Other investment income 609 - 609 761 - 761
1,506 - 1,506 1,583 : 1,583

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 2023 Funds Funds 2022
£ £ £ £ £ £
Charitable activities
Animal feed & bedding 12,053 - 12,053 6,406 - 6,406
Vet and farrier 11,711 - 11,711 13,137 - 13,137
Merchandise 1,374 - 1,374 465 - 465
Other operating leases 6,275 - 6,275 6,275 - 6,275
Insurance 3,641 - 3,641 3,227 - 3,227
Premises costs 5,220 - 5,220 7,964 - 7,964
Sundries 1,897 - 1,897 2,104 - 2,104
Training 1,254 - 1,254 447 - 447
Repairs 15,468 2,078 17,546 5,941 - 5,941
Wages,etc 72,539 - 72,539 42,110 - 42,110
Accountancy 450 - 450 426 - 426
Transport 203 - 203 - - -
Bank charges - - - 16 - 16
Commission 337 - 337 288 - 288
Depreciation 1,644 19,254 20,898 2,054 19,423 21,477
134,066 21,332 155,398 90,860 19,423 110,283

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11

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

For the year ended 31 March 2023

4) Net incoming resources are stated after charging:

2023 2022
£ £
Depreciation 20,898 21,477
Independent Examiner's fee 450 426
21,348 _ 21,903

5) Analysis of staff costs and numbers

Analysis of staffstaff costs and numbers
2023 2022
£ £
Salaries and wages 55,550 27,065
Social security costs 1,851 1,810
Employers contribution to Defined BenefitSchemes 2,088 1,185
Yard management 13,050 12,050
72,539 42,110

No employees had emoluments in excess of £60,000 (2022: 0 employees).

The average monthly head count was 5 members of staff (2022: 2).

The Charity's Trustees were not paid and did not receive any other benefits from employment during the current or previous financial year.

6) Tangible assets

Tangible assets
Property Plantand
improvements machinery Total
£ £ £
Cost at 1 April 2022 1,115,508 30,534 1,146,042
Additions - 888 888
Disposals - - -
Cost at 31 March 2023 1,115,508 31,422 1,146,930
Depreciation at 1 April 2022 52,481 15,368 67,849
Depreciation charge 17,687 3,211 20,898
Depreciation on disposals - - -
Depreciation at 31 March 2023 70,168 18,579 88,747
Net book value at 31 March 2023 1,045,340 12,843 1,058,183
Netbookvalueat31March2022 1,063,027 15,166 1,078,193

12

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

_ NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

For the year ended 31 March 2023

7) Fixed asset investments

Market
Value		 Additions/ Unrealised
Gains/		 Market
Value
01/04/2022 (Disposals) (Losses) 31/03/2023
UK listed investments 1,025 (515) (190) 320
Foreign listed investments 75,141 _
(50)		 (5,598) 69,493
76,166 (565) (5,788) 69,813

The following individual investments held represent more than 5% of the portfolio:-

Market
Value
31/03/2023
Quantity Investment £
1,736 Waverton Absolute Return Fund 17,325
1,316 Waverton Real Assets Fund 12,000
2,012 Waverton Sterling Bond Fund 17,869
1,177 WavertonStrategicEquityFund 21,812

Current asset investments are stated at market value 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 true and fair view.

8) Stocks

8) Stocks
2023 2022
Cost of horses 12,050 12,050
Feed and bedding in stock 795 1,022
Tack and other sundries 2,293 3,038
15,138 16,110
9) Debtors
2023 2022
Prepayments and accrued income 4,258 3,687
10) Creditors (Amounts falling due within one year)
2023 2022
Trade creditors 2,099 17,047
Other creditors - Te
2,099 17,047

13

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

For the year ended 31 March 2023

11) Movement of funds

Movement of fundsfunds
BIF at Incoming Resources CIF at
01/04/2021 resources expended Transfers 31/03/2022
£ £ £ £ £
Unrestricted Funds 129,984 110,507 (90,860) - 149,631
Restricted Funds 1,074,868 36,080 (19,423) - 1,091,525
1,204,852 146,587 (110,283) - 1,241,156
BIF at Incoming Resources CIF at
01/04/2022 resources expended Transfers 31/03/2023
£ £ £ £ £
Unrestricted Funds 149,631 178,413 (139,827) - 188,217
Restricted Funds 1,091,525 11,997 (21,332) - 1,082,190
1,241,156 190,410 (161,159) - 1,270,407

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 is for the purpose of specific projects as indentified on an individual basis.

Transfers

Transfers from the Unrestricted Fund represent the Charity's own contribution towards ongoing projects.

12) Analysis of net assets between funds

Current financial year Tangible Netassets/
assets Investments (liabilities) Total
£ £ £ £
Unrestricted Funds 9,858 69,813 109,042 188,713
Restricted Funds 1,048,325 - 33,369 1,081,694
1,058,183 69,813 142,411 1,270,407
Previous financial year Tangible Net assets/
assets Investments (liabilities) Total
£ £ £ £
Unrestricted Funds 11,502 76,166 61,963 149,631
Restricted Funds 1,066,691 - 24,834 1,091,525
1,078,193 76,166 86,797 1,241,156

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14

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

For the year ended 31 March 2023

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 £9 was donated to the Charity by a Trustee (2022: £nil).

During the year £770 was paid by a Trustee for use of a horse (2022: £570).

15) Commitments

The charity is committed to paying £6,275 per annum in relation to an operating lease.

At the balance sheet date the charity was committed to making a payment of £6,275 within the next financial year in regard to this.

15

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

APPENDIX TO THE RESERVES POLICY

For the year ended 31 March 2023

Assumptions

A 12 month operation on basic costs with 10 horses

1 full time Yard Manager and Teaching member of staff at the Bays 2 part time Coaches teaching at The Bays 4 days a week, also cover holiday 2 Equine Grooms- 1 part-time member of staff & 1 Self-employed part-time

Overheads On the basis per month 1 year
Rent permonth 523 6,275
Water rates £125/Quarter (actual) 42 500
Electricity average of£660 pcm 660 7,920
Telephone & Broadband £49 pcm 49 590
Yard Management1 full timemember salary including Pension 25,000
Less Rent Received foraccommodation 550 (6,600)
Riding Coaches 2 part-time members salary including Pension 34,500
2 Equine Groons, as above 30,800
Finance &Admin Staffmember salary including Pension 16,000
Farrier 10 horses every6weeks (510 x 9) 4,590
Vet 10 horses x 2 basic flu & tetnus pa 300
Physio plus other estimated veterinary costs 4,000
Dentist 10 horses seen twice yearly@ £40 each 800
Feed (Hard) 3,400
Hay 7,000
Bedding October to March only (4 x400/6wks) 1,600
Paddock& Property Maintenance estimate 350 4,200
SCDC licence & inspection fee 3 year licence - veterinary fee only 425
RDA Insurance 805
Property& equipment insurance 3,000
Accountancy fees 450
Membership fee RDA 305
Annual runningcosts 145,860