**Trustees' Annual Report for the period** **To** Period start date Period end date 01 04 2023 31 03 2024 **From** ## Section A Reference and administration details **Charity name** Elisabeth Curtis Centre Riding for the Disabled **Other names charity is known by** 1137217 **Charity's principal address** Elisabeth Curtis Centre Riding for the Disabled Chestnut Avenue Bromham **Postcode MK43 8HP** ~~ee~~ **Registered charity number (if any)** 1137217 ## **Names of the charity trustees who manage the charity** |**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---| |1 Kyle Palmer|Chairman||| |Pearl Farr|Secretary,
SafeguardingOfficer||| |3 Veronica Bradley|||| |4 Alistair Barnes||Resigned 14/03/2024|| |5 Sian Woodfine||Appointed 24/07/2023|Member Vote 2023 AGM| |6 Caroline French||Appointed 20/09/2023|Trustee Board Co-opt| |7|||| |8|||| |9|||| |10|||| |11|||| |12|||| |13|||| |14|||| |15|||| |16|||| |17|||| |18|||| |19|||| |20
~~ee~~|~~ee~~|~~ee~~|~~ee~~| **TAR** March **2012** 1 ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** The charity is controlled by its governing document, a Memorandum and Type of governing document Articles of Association. - (eg. trust deed, constitution) The charity constitutes a limited company, limited by guarantee, as How the charity is constituted defined by the Companies Act 2006. (eg. trust, association, company) Trustees are recruited and a voted by members of the charity Trustee selection methods (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. The trustees who are also directors for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). The Elisabeth Curtis Centre Riding for the Disabled (‘The Company’) was established on 2 July 2010 and registered as a charity on 3 July 2010. The company took over the assets of the Elisabeth Curtis Centre for disabled riders and commenced operations on 1 January 2011. - The trustees of the charity form the Management Committee, together with any member of the charity whom the Management Committee has appointed to fill any gaps in their number. Any member so appointed will retain the position until the next annual general meeting when they will be eligible for election to the committee. The Management Committee consists of the Chairman, the Treasurer, the Secretary and not more than 8 other elected Committee Members. All committee members retire from office together at the end of the annual general meeting after the date on which they came into office but they may be re-elected. Trustee induction follows the policy and guidance as set out by the Riding for the Disabled Association with new trustee which includes a completed ‘Trustee Acceptance Form’ and ‘Conflict of Interest Form’ and distribution of ‘Trustee Welcome Pack’. RDA Governance e-learning is provided. Membership is open to persons interested in furthering the objects of the **TAR** March **2012** 2 charity and who have paid the annual subscription established by the committee. The liability of each member is limited to £1 following any potential winding up of the charity in the future. The Elisabeth Curtis Centre Riding for the Disabled is its own independent charity and company, limited by guarantee. The charity is also a member of the national Riding for the Disabled Association incorporating Carriage Driving (charity number: 244108). The charity undertakes a series of risk assessments as part of its duty to operate and under law and the trustees review risk assessments annually. ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** The objectives of the company are to promote the objectives of the Riding for the Disabled Association, incorporating carriage driving by providing disabled people with therapy, fitness, skill development and the opportunity to achieve through the use of horses and ponies. We confirm that we have referred to the guidance given in the Charity Commission’s general guidance on public benefit and give full regard to the public benefit when reviewing, planning and implementing our objectives and aims. The charity operated primarily during school term times, providing sessions throughout the week, including 3 sessions out of working / school hours. We continue to support a mix of clients who come independently, as part of a school group or who attend as part of their care provision. We are supported by over 100 volunteers and sessions are delivered by 4 qualified RDA coaches, 1 paid and 3 who do the role voluntarily. During this period there were 3 coaches in training. **Summary of the main activities undertaken for the public benefit in relation to** The centre employs some staff including our Equine Care Team and a **these objects (include within** Centre Coordinator whose role is to ensure the smooth and continued **this section the statutory** operation of the centre through participant and volunteer engagement **declaration that trustees have** and volunteer recruitment. **had regard to the guidance issued by the Charity** The charity had 9 horses during this period to support its activities, 8 **Commission on public** horses owned by the charity and 1 on loan. **benefit)** **TAR** March **2012** 3 ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance **Summary of the main achievements of the charity during the year** During this period, we saw an 11% increase in the number of participants supported by the charity, supporting 100 participants. This reflected the addition of another school session and filling of other sessions as volunteer numbers allow. They took part in a range of sessions including ridden and equine care sessions. Several participants competed in our in-house competitions and also in external Riding for the Disabled Association regional and national championships. The centre appreciates the dedication and hard work of its coaches and coaches-in-training who deliver sessions to our participants. The centre was made up of 3 volunteer coaches and 1 paid coach during this period. Whilst we have supported more participants than ever before we continue to have a high demand and waiting list for access to our services. This has increased 49% to 61 participants waiting. The charity is committed to growing the capacity at the organisation to help more people. Sadly, delays in starting carriage driving at the centre have impacted this, along with coaching shortages. The charity is continuing to implement carriage driving. The charity also saw an increase in the number of volunteers who supported the charity of 8% to 125. It is through the commitment of our volunteer the centre is able to operate, grow and support participants. The charity is appreciative of all volunteers and launched our first volunteer appreciation event which was held in December 2023, this included a presentation to our generous funders and carol singing from a local school. This event was well attended, and the organisation is committed to deliver these events annually. During this period the organisation were successful in a multi-year grant from the National Lottery. This allowed the organisation to employ a full time Centre Coordinator who started in February 2024. The purpose of this role is to support the centre’s resilience and growth plans. A team of grooms now called the ‘Equine Care Team’ have worked hard to care for our equines to ensure they are able to support in the delivery of our services. The charity appreciates the efforts of all staff for their work in the delivery of its services. The revenue from participants for this year was more than double any previous year including before Covid. This was due to the increase in participants as well as an increase in the charge for each session. Fundraising events have continued to grow from last year with highlights including a ‘Curry and Quiz’ and in-house ‘Craft Fairs’. A dedicated team **TAR** March **2012** 4 Section D Achievements and erformance p of volunteers run these and attend other events to share our charity’s message and raise much needed funds. The organisation appreciates the continued commitment and dedication of the team to deliver this. The charity continued to see an increase in grant support for core costs and for specific projects during this period. Grants include support from the National Lottery for our Centre Coordinator and core cost support, RDA National for a training grant among others. Several large donations from both individuals and companies have supported the ongoing delivery of the charity. The organisation is extremely grateful for all grant giving organisations, donations and bequests no matter the size, that help us to continue to deliver our services and grow and improve our offering. The 200 club is now very profitable and brought in £3902 in profit up from £1317 in 2023. ## **Section E Financial review** The Management Committee has an established policy of maintaining **Brief statement of the** cash balances of not less than the total expenditure (excluding **charity’s policy on reserves** depreciation) in the previous 12 months. The Charity recorded a net deficit of £6,579.89. Expenditure was increased exponentially compared to 2023 by over £20,000. This was due, in part, to investment in facilities & repairs and a large increase in **Details of any funds materially** training costs for which restricted grants supported with these costs. **in deficit** The remaining increase was due to a doubling in costs for electricity and smaller increases in general utilities; an increase in equine care costs and increases in staffing costs throughout the period. **Further financial review details (Optional information)** The charity’s income is borne from three main areas which include: Fees You **may choose** to include charged to clients for accessing our services, fundraising and donations additional information, where (including grants). relevant about: • the charity’s principal In the stated period we saw an increase in fee income of over £14,000; a sources of funds (including small increase income from fundraising of over £700 and a decrease in any fundraising); donations (including grants) of over £27,000 compared to period ending • how expenditure has March 2023. The decrease in donations is due, mainly, to a one off bequest of £22,000 that was made in the previous period. Without this supported the key objectives bequest donations fell by over £5,000. of the charity; • investment policy and Our largest fundraising income was from our 200 Club and our “Buy-aobjectives including any Brick” scheme. The board of trustees would like to thank all who have ethical investment policy contributed to fundraising and donations in support of the charity. adopted. The charity’s largest outgoings remain for the care of its equines, whom without, we would not be able to provide our services. To support the increase in participants the charity utilises paid coaching which remains our second largest income. The investment in facilities is due to a backlog of maintenance work required on the back of a tight fiscal control required during the COVID period. **TAR** March **2012** 5 ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** K. Palmer **Full name(s)** Kyle Brandon Palmer **Position (eg Secretary, Chair,** Chair of Trustees **etc) Date** 25/09/2024 **TAR** March **2012** 6 Registered number.. 07302917 ELISABETH CURTIS CENTRE RIDING FOR THE DISABLED DIRECTORS. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 LEO bookkeeping Services Elisabeth Curtis Centre Riding For The Disabled Contents Page Company Information D1￿CtOrS, Report Accountant's Report Income and Expenditure Account Balance Sheet Notes to the Financial Statements The following pages do not form part of the statutory accounts: Detailed Income and Expenditure Account Elisabeth Curtis Centre Riding For The Disabled Company Information For The Year Ended 31 March 2024 Directors Mrs Veronica Bradley Mrs Caroline French Mrs Pearl Farr Ms Sian Woodfine Mr Kyle Palmer Company Number 07302917 Registered Office Chestnut Avenue Bromham Bedford MK43 8HP Accountants LEO bookkeeping Services MAAT 3-4 Britten's Court Clifton Reynes Olney Bucks MK465LG Page I Elisabeth Curtis Centre Riding For The Disabled Company No. 07302917 Directors. Report For The Year Ended 31 March 2024 The directors present their report and the financial statements for the year ended 31 March 2024. Directors The directors who held office during the year were as follows: Mrs Veronica Bradley Mrs Caroline French Appointed 2010912023 Mr Alister Barnes Resigned 1410312024 Resigned 2410712023 Mrs Victoria Liston Mrs Pearl Farr Mrs Sarah Armstrong Resigned 2410812023 Ms Sian Woodfine Appointed 2410712023 Mr Kyle Palmer statement of Directors. Responsibilities The directors are responsible for preparing the Directors. Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are sat15fied that they give a true and fair view of the state of affair5 of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to.. selett suitable accounting policies and then apply them consistently* make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless It Is inappropriate to presume that the company will continue in business. The dirertors are responsible for keeping adequate accounting records that are suffficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable thetn 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 directors are responsible for the maintenance and integrity of the corporate and financial inforrnation included on the company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. On behalf of the board Mr Kyle Palmer Director 0710812024 Page 2 Elisabeth Curtis Centre Riding For The Disabled Accountant's Report For The Year Ended 31 March 2024 In accordance with the engagement letter dated 22 August 2022, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us. This report is made to the dirertors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our WO￿ or for this report. You have acknowledged on the balance sheet as at year ended 31 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial Statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to Us and we do not, therefore, express any opinion on the financial statements. Signed 0710812024 LEO bookkeeping Services MAAT 3-4 Britten's Court Clifton Reynes Olney Bucks MK465LG Page 3 Elisabeth Curtis Centre Riding For The Disabled Income and Expenditure Account For The Year Ended 31 March 2024 2024 2023 Notes TURNOVER 107,531 {43,241) 112,452 (27,961) Cost of sales GROSS SURPLUS 64,290 84,491 Distribution costs Administrative expenses Other operating income {307) {77,749) 1.701 (3431 (70,989) 4,470 OPERATING {DEFICIT)ISURPLUS { 12,065) 1,033 (1,911) 17,629 175 other interest receivable and similar income Interest payable and similar charges (236) (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR { 12,943) 17,568 The notes on pages 6 to 7 form part of these financial statements. Page 4 Elisabeth Curtis Centre Riding For The Disabled Balance Sheet As At 31 March 2024 2024 2023 Notes FIXED ASSETS Tangible Assets 35.910 31,037 35,910 31,037 CURRENT ASSETS Debtors Cash at bank and in hand 4,468 90.544 1,050 93,596 95.012 94,646 Creditors: Amounts Falling Due Within One Year (39,176) (20,054) NET CURRENT ASSETS {LIABILITIES) 55,836 74,592 TOTAL ASSETS LESS CURRENT LIABILITIES 91,746 105,629 NET ASSETS 91.746 105,629 Income and Expenditure Account 91.746 105,629 MEMBERS. FUNDS 91,746 105,629 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Att with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small cornpanies, regime. On behalf of the board Mr Kyle Palmer Dirertor 0710812024 The notes on pages 6 to 7 form part of these financial statements. Page 5 Elisabeth Curtis Centre Riding For The Disabled Notes to the Financial Statements For The Year Ended 31 March 2024 l. General Information Elisabeth Curtis Centre Riding For The Disabled is a private company. limited by guarantee, incorporated in England & Wales, registered number 07302917. The registered office is Chestnut Avenue, Bromham, Bedford, MK43 8HP. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section IA Small Entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns. rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estirnated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. 2.3. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment10sses. Depreciation is provided at rates calculated to write off the cost of the fixed assets. less their estimated residual value, over their expected useful lives on the following bases- Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Strdight line 16-20 Years straight line over 5 years Straight line over 10 years Straight line over 5 years Straight line over 3 years Land & Buildings.. Tack Room: Straight line over 20 years Paddocks/Stables: Straight line over 16-19 years Average Number of Employees Average number of employees, including dirertors, during the year was: 2 (2023: 1) 4. Tangible Assets Land & Property Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Cost As at l April 2023 Additions 75,604 12,660 7,676 2,807 7,710 As at 31 March 2024 75.604 7,710 12,660 10,483 Depreciation As at l April 2023 Provided during the period 45.187 4.746 12,660 7,056 1,115 615 As at 31 March 2024 49,933 615 12,660 8,171 .CONTtNUED Page 6 Elisabeth Curtis Centre Riding For The Disabled Notes to the Financial Statements (continued) For The Year Ended 31 March 2024 Net Book Value As at 31 March 2024 25.671 7,095 2,312 As at l April 2023 30.417 620 Computer Equipment Totsl Cost As at l April 2023 Additions 95,940 11,453 936 As at 31 March 2024 936 107,393 Depreciation As at l April 2023 Provided during the period 64,903 6,580 104 As at 31 March 2024 104 71,483 Net Book Value As at 31 March 2024 832 35,910 As at l April 2023 31,037 Debtors 2024 2023 Due within one year Trade debtors Other debtors 1.046 3,422 468 582 4,468 1,050 6. Creditors: Amounts Falling Due Within One Year 2024 2023 Trade creditors 1.942 36,724 510 442 Other creditors Taxation and social security 19,612 39,176 20,054 Reserves Reserves Policy The Management Committee has an established policy of maintaining cash balances of not less than the total running costs (excluding depreciation) in the previou5 12 months. Restricted Funds Restricted Funds of £36692 form part of the capital and reserves for 2023. This was £18613 for 2023. 8. Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company. in the event of a winding up, such an amount as may be required not exceeding £1. Page 7 Elisabeth Curtis Centre Riding For The Disabled Detailed Income and Expenditure Account For The Year Ended 31 March 2024 2024 2023 TURNOVER Sales Donations 36.624 21,952 16.855 240 22,488 38,134 20,023 130 Fundraising Membership Restricted income Grants and subsidies received 1.000 25,386 5.474 30,943 Other trading income 734 107,531 112,452 COST OF SALES Paid Coaching Fundraising Costs Farrier Feed & Shavings Fundraising Expenses Pony Welfare Pony Costs Other direct costs 13.240 1,081 2.691 6,876 1.447 1,048 14.174 2,684 6,899 133 2,435 7,143 215 1,635 9,185 316 {43.241) (27,961) GROSS SURPLUS 64,290 84,491 Distribution Costs Consumable items 307 343 (307) (3431 Administrative Expenses Wages and salaries Employers Nl Employers pensions - defined contributions scheme Subcontractor Groom costs 19.919 (291) 212 12,242 247 180 20,700 18,300 40 508 Staff training Travel and subsistence expenses Rates 524 230 287 Light and heat Water rates 6,084 871 3,198 658 Repairs and maintenance Security costs Vehicle repair costs Computer software, consumables and maintenance Repairs, renewals and maintenance Insurance 2.758 2,189 3.414 175 592 7,165 222 137 1.751 4,161 489 6,809 6,667 392 Printing, postage and stationery Training seminars and workshops Telecommunicatlons and data costs 6,119 698 629 Accountancy fees Legal fees Subscriptions Bookkeeping fees 240 1,035 13 98 417 224 1.291 1,224 .CONTINUED Page 8 Elisabeth Curtis Centre Riding For The Disabled Detailed Income and Expenditure Account (continued) For The Year Ended 31 March 2024 Depreciation Sundry expenses Coaching Equipment DBS Checks 6,580 492 6,218 352 602 50 225 National/Regional Championship Costs 954 447 (77.749) 170,989) Other Operating Income Grants and subsidies received Other income - contributing to other operating income 500 1,201 2,700 1,770 1,701 4,470 OPERATING {DEFICIT)/SURPLUS { 12,065) 17,629 Other interest receivable and similar income Interest on short terrn deposits 1.033 175 1,033 175 Interest payable and similar charyes Bank interest payable Operating leases 1.908 236 (1.911) (2361 (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR { 12,943) 17,568 Page 9 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name **members of** Elisabeth Curtis Centre Riding For The Disabled **On accounts for the year** 31/03/2024 **Charity no** 1137217 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024. **Responsibilities and** As the charity trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect,: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. - _Please delete the words in the brackets if they do not apply._ **Signed: Date:** 06/09/2024 ~~-————~~ **Name:** Simon Davies ~~Cs~~ FCCA – membership no 0309741 **Relevant professional qualification(s) or body (if any): Address:** 58B High Street, Stony Stratford, Milton Keynes, Bucks, MK11 1AQ **October 2018** 1 **IER** ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here details of any items that the examiner wishes to disclose** . **October 2018** 2 **IER**