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2024-03-31-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 2024

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

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RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

CONTENTS

Year ended 31 March 2024

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

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

CHARITY INFORMATION

Year ended 31 March 2024

Charity number: 1127627
Company number: 06421182
Company secretary: K Silburn
Trustees/directors: JAnderson
J Leggett
K Silburn
S Bleese
C Daldy Appointed 12 July 2023
C Farrant Appointed on 17 April 2024
K Fox Resigned 24 August 2024
L Luxford Resigned 24 August 2024
C Leggett Resigned 6 September 2023
E Winch Resigned 6 September 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 BankUK PLC
Principal and Registered office: The Bays
Monewden Road
Clopton
Woodbridge
Suffolk
IP13 6QL
Investment managers: Pearson Wealth Management Ltd
Tuddenham Hall Estate Office
Tuddenham
Ipswich
Suffolk
IP6 9DD
Accountants: EnsorsAccountants 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 2024

The Trustees (who are also Directors under the Companies Act) present their Report and Accounts 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 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 rrieet 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 lpswich 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 2024

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

Following a whole year of post-pandemic activity, the total level of incoming resources remained strong and increased slightly compared to the previous year. Despite the level of funds received from fundraising events decreasing during the year, this was mitigated by an increase in the funds received by Anglian Lotteries in the year (Note 2, Page 11).

Further to the increased incoming resources from donations and legacies seen last year, the Charity has seen a continuation of this as donations in particular grew from £47,421 in 2023 to £65,520 in 2024. The increase in donations was counteracted by a fall in grants for the year, which also fell from £114.011 in 2023 to £95,315 in 2024

Due to a continuation in the lack of available assistance from volunteers, we continued with the decision 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 £72,539 in 2023 to £96,936 in 2024. (Note 5, Page 12).

During the year the Charity made the decision to purchase a new horse - “Alfie” - to provide further resources for the Charity. The cost of the new horse is held within stocks (Note 8, Page 13).

The Charity has been impacted by the ongoing cost of living crisis, with premises costs increasing from £5,220 in 2023 to £11,097 in 2024, as well as seeing an increase costs across other expenditure including animal feed and vel fees.

The Trustees are pleased with the Charity’s achievements over the past 12 months and a continuation of the recovery seen following the pandemic. The net movement in funds has continued to be positive, though slightly lower this year, decreasing from £29,251 in 2023 to £11,307 in 2024 (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 2024 were £193,667 (2023: £190,410) (Page 7). The net incoming resources of the Charity for the year ended 31 March 2024 were £7,914 (2023: £35,012) (Page 7).

As mentioned ebove,; the increase in incoming resources is largely due to an increase in donations and legacies during the year, though this is outweighed by the increased expenditure on charitable activities, overall giving a less positive result than that of the previous year. However, this is still a very positive result for the Charity.

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 clecided to hold some reserve balances with its appointed bankers in a combination of current and short term depcsit 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 portfolic represented a return of £2,127 (2023: £1,506) (Page 11). The market value of the portfolio at the balance sheet date was £72,909 (2023: £69,813) (Note 7, Page 13).

3

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

TRUSTEES' REPORT (CONTINUED)

For the year ended 31 March 2024

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:

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

that in the event of closure the Group can meet any obligations to staff and landlords.

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 £151,879 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 staternents 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 2024

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 exernption. 5 This report was approved on behalf of the board onZon September a |

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C Daldy Trustee

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5

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

For the year ended 31 March 2024

| 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 2024.

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").

|| ActHavingand satisfiedare eligiblemyselffor independentthat the accountsexamination,of the company| report inarerespectnot requiredof my examinationto be auditedof underyour charity'sPart 16 accountsof the 2006as | 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 FCA
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Date
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Ensors Accturftants LLP Saxon House

Moseley's Farm Business Centre Fornham All Saints

Bury St Edmunds

IP28 6JY

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6

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP)

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

For the year ended 31 March 2024

Year Year
Unrestricted Restricted Ended Ended
Funds Funds 2024 2023
Notes £ £ £ £
Income and endowments from:
Donations and legacies 151,348 10,744 162,092 161,562
Othertrading activities 29,448 ~ 29,448 27342
Investments 2,127 - 2,127 1,506
Total income 2 182,923 10,744 193,667 190,410
Expenditure on:
Charitable activities 165,177 20,576 185,753 155,398
Total expenditure 3 165,177 20,576 185,753 155,398
Net income/(expenditure) 17,746 (9,832) 7,914 35,012
Investments
Unrealised gain/(loss) on revaluation 3,405 “ 3,405 (5,737)
Realised gain/(loss) on disposals (12) - (12) (24)
Transfer between funds 11 ~ “ - -
Netmovement in Funds 21,139 (9,832) 11,307 29,251
Reconciliation of Funds:
Total Funds Brought Forward 188,713 1,081,694 1,270,407 1,241,156
TotalFundsCarriedForward 11 209,852 1,071,862 1,281,714 1,270,407

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

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

As at 31 March 2024

Total Total
2024 2023
Notes £ £
Fixed assets
Tangible assets 6 1,037,928 4,058,183
Investments 7 72,909 69,813
1,110,837 1,127,996
Current assets
Stocks 8 20,517 15,138
Debtors 9 9,584 4,258
Cash at bank and in hand 143,747 125,114
173,848 144,510
Liabilities
Creditors: Amounts falling due within one year 10 2,971 2,099
Net current assets 170,877 142,411
Total net assets 11 1,281,714 1,270,407
The Funds of the Charity:
Unrestricted Funds 209,852 188,713
Restricted Funds 1,071,862 1,081,694
12 1,281,714 1,270,407

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 ZEMBn September; yn L024

C Daldy 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 2024

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 The Bays, Monewden Road, Clopton, Woodbridge, Suffolk, P13 6QL.

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 entitlernent 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.

lrrecoverable VAT

Irrecoverable VAT is charge against the expenditure heading for which it was incurred.

3

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 March 2024

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 investmenis.

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.

10

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

For the year ended 31 March 2024

2) Analysis of incoming resources

Income from:
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2024 Funds Funds 2023
£ £ £ £ £ £
Donations and legacies
GiftAid 1,257 1,257 130 - 130
Grants 84,571 10,744 95,315 402,014 11,997 114,011
Donations 65,520
151,348		 10,744 65,520
162,092		 47,421
149,565		 -
11,997		 _ 47 421
161,562
Othertrading activities
Charitable activities 13,517 13,517 20,272 - 20,272
One Lottery 1,219 1,219 1,066 1,066
Merchandise 742 742 1,579 - 1,579
Anglian Lotteries 13,970 13,970 4,425 - 4,425
29,448 - 29,448 27,342 - 27,342
Investment income
Depositaccount interest 302 302 3 - 3
Dividend income 4,081 1,081 894 - 894
Other investment income 744 744 609 - 609
2,127 - 2,127 1,506 **_ ** ____
-
1,506

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

Expenditureon: Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2023 Funds Funds 2023
£ £ £ £ £ £
Charitable activities
Animal feed & bedding 13,089 13,089 12,053 - 12,053
Vetand farrier 13,524 732 14,256 11,711 - 11,711
Merchandise 626 626 1,374 - 1,374
Other operating leases 6,275 6,275 6,275 - 6,275
insurance 3,993 3,993 3,641 - 3,641
Premises costs 11,097 11,097 5,220 - 5,220
Sundries 4,304 4,304 1,897 - 1,897
Training 2,125 2,125 1,254 - 1,254
Repairs 10,185 904 11,089 15,468 2,078 17,546
Wages,etc 96,936 96,936 72,539 - 72,539
Accountancyand software 671 671 450 - 450
Transport 650 650 203 - 203
Commission 387 387 337 - 337
Depreciation 1,315 18,940 20,255 4,644 19,254 20,898
165,177 20,576 185,753 134,066 21,332 _ 155,398

1

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

For the year ended 31 March 2024

4) Net incoming resources are stated after charging:

2024 2023
£ £
Depreciation 20,255 20,898
Incependent Examiner's fee 450 450
20,705 21,348
5) Analysis ofstaffcosts and numbers
2024 2023
£ £
Salaries andwages 75,000 55,550
Social security costs 3,404 1,851
Employers contribution to Defined BenefitSchemes 3,299 2,088
Yarcl management 15,233 13,050
96,936 72,539

No employees had emoluments in excess of £60,000 (2023: 0 employees).

The average monthly head count was 6 members of staff (2023: 5).

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

assets
Property Plantand
improvements machinery Total
£ £ £
Costat1April2023 1,115,508 31,422 1,146,930
Additions - - -
Disposals - ” -
Cost at 31 March 2024 1,115,508 31,422 1,146,930
Depreciation at 1 April 2023 70,168 18,579 88,747
Depreciation charge 17,687 2,568 20,255
Depreciation on disposals - - -
Depreciation at 31 March 2024 87,855 21,147 109,002
Net bock value at 31 March 2024 1,027,653 10,275 1,037,928
Netbookvalueat31March2023 1,045,340 12,843 1,058,183

12

RIDING FOR THE DISABLED (WOODBRIDGE & DISTRICT GROUP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 March 2024

7) Fixed asset investments

Market Unrealised Market
Value Additions/ Gains/ Value
01/04/2023 (Disposals) {Losses) 31/03/2024
UK listed investrnents 320 (309) 11
Foreign listed investments 69,493 3,405 72,898
69,813 (309) 3,405 72,909
The following individual investments held representmore than 5% ofthe portfolio:-
Market
Value
31/03/2024
Quantity Investment £
1,736 Waverton Absolute Return Fund 17,915
1,316 Waverton Real Assets Fund 11,421
2,012 Waverton Sterling Bond Fund 17,767
1,177 WavertonStrategicEquityFund 25,331

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 showa true and fair view.

8) Stocks

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2024 2023
Cost of horses 18,550 12,050
Feed and bedding in stock 1,967 795
Tack and other sundries - 2,293
20,517 15,138
9) Debtors
2024 2023
Prepayments and accrued income 9,584 4,258
10) Creditors (Amounts falling due within one year)
2024 2023
Trade creditors 2,971 2,099
Other creditors = ——__—.
2,971 2,099
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9) Debtors

13

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

For the year ended 31 March 2024

11) Movement of func's

Movement of func'sfunc's
B/F at Incoming Resources CIF at
01/04/2022 resources expended Transfers 31/03/2023
£ £ £ £ £
Unrestricted Funds 150,127 178,413 (139,827) - 188,713
Restricted Funds 4,091,029 41,997 (21,332) - 1,081,694
1,241,156 190,410 (161,159) - 1,270,407
B/F at Incoming Resources CIF at
01/04/2023 resources expended Transfers 31/03/2024
£ £ £ £ £
Unrestricted Funds 188,713 182,923 (161,784) - 209,852
Restricted Funds 7,081,694 10,744 (20,576) - 4,071,862
1,270,407 193,667 (182,360) - 1,281,714

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 financialyear Tangible
assets		 Investments Netassets/
(liabilities)		 Total
£ £ £ £
Unrestricted Funds 8,543 72,909 128,400 209,852
Restricted Funds 1,029,385 42,477 1,071,862
1,037,928 72,909 170,877 1,281,714
Previous 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

14

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

For the year ended 31 March 2024

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 trarisactions

During the year £Nil was donated to the Charity by a Trustee (2023: £9).

During the year £595 was paid by a Trustee for use of a horse (2023: £770).

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 2024

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 permonth 1 year
Rent permonth 523 6,276
Water rates £300/Quarter (average) 100 1,200
Electricity average of£995pcm 995 11,940
Telephone& Broadband £49 pem 49 588
Yard Management 1 full time member 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 40 horses every6weeks (570x 9) 4,590
Vet 10 horses x 2 basic flu &tetnus pa 300
Physio plus otherestimated veterinary costs 4,500
Dentist 10 horses seen twice yearly@£40 each 800
Feed (Hard) 3,750
Hay 7,300
Bedding Octoberto March only (4x400/6wks) 1,600
Paddock & Property Maintenance estimate 350 4,200
SCDC licence & inspection fee 3 year licence - veterinaryfee only 425
RDA Insurance 805
Property& equipment insurance 3,000
Accountancy fees 600
Membership fee RDA 305
Annual runningcosts 151,879