Rqg151ered numb•r.' 07363597 Charity numb•r. 1138260 RIDE HIGH LIMITED (A Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 AB08261G 2410912022 COMPANIÉS HOUSE A13
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AIDE HIGH LIMITED IA Company Limit•d by GuaraDle•l CONTENTS FOR THE YEAR ENOED 31 OECEMBER 2021 P4e Ref•rence and Admlnlstratlve D•lalls of th• Charity. Its Trust•os and Adv15ers rwst••s' R•port Indep?ndent Exarnln•f$ R•port Stat¢mMt ol Ftnanclal Actlvltlos 8alancv Shget 10-11 Slat•men¢ of Cash Fl¥Jws 12 Notes to tha Fin•nctsl Stat•m•nts 13-26
RIDE HIGH LIMITED (A Company Llmlt•d by Grn100) REFERENCE AND ADMINISTRATNE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Tfust•¢s rAJOddi& Dr A L Srnilh {re5vJned 24 Augusl 2021) Ms J L HorrMlg¢ (wgned 27 June 2021) Ms M Ih¢CoU Mr K L Smith <91gned 31 Ikcember2021) Ms L S Styles Ms D P Svgden (resigned 25 October 20211 Mr T A Raper laprA)inted 26 January 20211 Isaned 16 Janw 20221 MrG J Sandmann Mrs S J Piper {apFvnled 23 Juty 2021) •Ar M P Oavies18ppJ"nted 06 August 20211 Or K Ali {appointed 25 Septnber 20211 Ar P 2dIer lappoAited 21 January 20221 Company r•gl$t•rnd nwnb•r on63597 Charlty reglst•r•d numIr 1138260 Rggistgr4d offl¢• The Ride Hrgh Eqytstrl Certh. Redfand tl¥e. Lwghton. Mdton Kwnes. MKS BEJ Company sKr•tary IAr K L Snwth {restgne(131 L)etynbtr 2021) Mr M Gala4hah (appointed 23 Marth 2022) 8ank•fS Santander. PO Bo* 1010121 Prexott Stree¢. LtYKkn. E18TN
RIDE HIGH LIMITED IA Compafiy Limiled by Guaranleel TRUSTEES. REPORT FOR THE YEAR ENOED 31 OECEMBER 2021 The Twstees. {who are Oirectots of the Charity for the pUrySe$ of the Companies Adl, PSent Iheii Annual Report rogether wilh the Frnancial Slatemenls of Ride High Limited lof Ihe year ended 31 DeGernber 2021. The Tnjstees confimi Ihal iheAnnual Rep)rtand Finanu81 Stsieffts01the Company compty with ihe current slatLtI requirements. the rewirements of ihe Cornparty's goveming drnl athj Ihe wovisions of the Charities Stalemenl of Reconnded Pra¢h¢e (Charities SORP (FRS102)) Sino the company qualifies a5 smo11 urKler seciim 383, the 51iateg¢ requwed ol medium and lar9e Companies under The Coff4)anies Acl 2006 IstraiÈgic Report and DirectOf5' pOrt) Regulations 2013 is nol requtred. OBJECTIVES AND ACTWMES Summary of th• Oblects ofth• Cl41ity J•t oul In Its Governlng Oocum•nt To act as a rosoufce fry youTr3 people aged beeen five and lenty-fve who are exPerncing dffKulties in 11 tJafy lives by tygani%ng programRs ofphystsl. educalmal and ollterathiths as a ot. {al advancing in life and helwg ywng people by develwing their 5kil& tspacrt and ¢apabililtes lo enable them to partscipate in socty as llidependert nwufe aTrJ reSpe inthviduals: (bl advwcing edtjcaliorr. {e} PfovidiThJ [eational and leisure-tmne ¥ti¥ty in the urtertst of sotial welfare ts PEople Irving in the area ol benefitwho have need by On ol p¢verty or sLKial artd ec0M ureumstsnces ¥n(Uor mental health probfem$ arssng from medtal (yMthtions With a ¥W to irnwovrng Ibe¢01Th)n5 ofllTe ofsuch chldren and young persons. Summary olth• maln aetlvltl•s undertak¢n for th• publlc ln•fft th Trlaii¢)n to th• ConyTry 0tyg¢tlv•s In pf•nning our aclivibes frjr the Perf we kepi in ihe Chty Cofflni$worfs guklance on public benefil at our Tw5ree Board rneekng% All childrell and young people IC&YPJ are refeffed to Ride Hi9h ty wofessK)nal$ or 8gen¢te5 that WO wilh disadvantaged C&YP we sliug91in9 th daity Itfe. The C&YP may be in foster care. a ywn9 ¢arer, 9rievin9 after the dealh of a famity member, sudal or seW•arming. a vtim of abvse or ne9lec( NEET (Not In Edu¢ation. Employment or fraiTrng), of INing irt an environmenl dorrmnaled ty IN health. drugs or povety. Referrals are genefalty made WI interyenlion by 5uth as Millon Keynes Chil¢Sren and Adoles¢enl Mental Heallh Service. MK Counol's $oual workers. spttol s¢hools. ylmary or secondary 5¢hoD15 are not providing Sulficient support or obtaining siVe outcomes. OUT 9031 15 to effeci a k)ng-temi transformaMI in the live5 of stverety disadvantaged C&YP uw9 and associated dubroom based odurab.onal athiDes. The C&YP in small groups wlh the swne teach5 arml vokM48ty5 each week. In we aim to prO¥e them wilh a safe and happy envirthimentwhere they can make tsnds. develop sell-confidence and leam a range of so¢ial, prnctvl and Sife sklls. We work wilh many of Ihe C&YP overthe medium lo lony tsm and fvrthose who are dd enough we lry to faclitale YMk exrwience acernfits or TOUt•s to ed¥tlL Using hrAses is an effecb¥e ffan$ of ¢onnect¥ig wilh c&Yp. fin spent ridig and cafww for horses provide5 Ihem wfth 8 ¢halenge and somelhvig lo bJk loThvard lo ea¢h week. As they learn new sknlls their eonftslence and self*steern wKre8se$. They karn io leel catmer. to manage negalNe feelings and anxiet$, and ts leel much happier in themselves. Al Ride High we WO with cayp for befften three and trmefve months. We provide constslency. salety, supp(vt and Triend51N"p. We gNe C&YP the oppcrtunity to engage ift acbvities beyond riding lo help them develop Iheif skitls. confHJence and aspirations kn the futwe. ay ihe time Ihey leave R¢de High the va51 majority are ftjlly eThga9ed in an acbve. posiiNe life again. We •¢¢ept all thsadvantaged C&YP, wardle5s of rel•ji. ethn•ity. gerthr * Social Of econonK background.
RIDE HIGH LIMITED IA Company Llmit•d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENOED 31 OECEMBER 2021 Addltlonl d•talls of otii•ctiv05 artd actlvltl•s All our aclikn afe to IheC8YP. However. al iho5e WI have 8tteThled RKle Hi9h ffl0 th twefve week$ 4re expected io ¢ontriPArte by he.9 other gp5 ty in fundraisg th11. l•le have fve ftjll-lirne memtersofstaff. the Wt41 mEfflbe, and tourpart.b'me minibusdrivers. but rely heavily on volunleers to help the C&YP Wilh gur ¢b1)rn. The dedKation and reliability of our volunfeers has a highly beneficial impaci on ihe qUty of Ihe seThice we offer. votsJnteers lert that they enjoy a huge sen$e ol a¢hthemenl working with Ihe C&YP and that they feel rtal"crtme1Ip- and COJMuiment the fulure $u¢¢ess of RKle High. transTXt all C&YP between the¥ schoolsth¢yrs ¥KI our duty(¥)m. ¥WI0 thig serite the C&YP woukl not be able to attend a$ thew parenls do not U5ualy have the laciliiies to transpNt thern. GOING CONCERN After making appropriate enquwtes. the Tru51ees have a reasonable expectakn Ihat the Compary has adequa souw lo c¢ntiue in operational exisknce fv)r a pet of no less Ihan one year from the dale ol signing Ihe Tru5tee$' Report For this 3$aft they CtInue to thpt the goin9 omcem basis in preparir49 the Financial S&rynts. Further deiw'ls iegafding ihe adoplion OF th¢ going cow basi5 can be found in the A¢¢ounting Polides. SUMIIIARY OF THE PaAIN ACHIEVEPAENTS OF THE CHARrtY DURW4G THE YEAR Ride High has lInued to delivv its obie¢lNes despite an¢Aher ¢hanengw yearof COVKI. The year 5tsrted in lockdown and the charity was inilialty closed lo thldren bu( as 1ndIS eased and CY&P were welcomed back. Ride Hbjh ¥rdS swn able to ¢(bnue ts SUPfXMt 88 cy o week. N•w progr4mmes Follwing an extensive review of 11 year5 01 da. Rth High laurKld new wcgrarrffies in Smber 2021 to appeal to a wwjer wallge of thi1. This inchJdEd: A c)>Jrse desyjned fur leeftage who xe ntst attending sctr#xq orforwhom sthxA work is rKIt goirvj well. Their rKling and yard WO sessions folbw a specific plan and their dubrwm activrts are Stnjciu1 lo rd. consdlale and extrnd their leaming outsbje. The re5uI is a Fewnal portfol¢o wh¢th sh¢)wca5es ih&r leaming and athteverrtnts. A wurse for pre-teen fflembe. buAi around a vwiety of activities. This course is entilY pract41 and work$ paitularty well IC Ihose who slrnggle 1h literacy or use English ¥$ an addItnal language. A ¥isn9 s¢ientisldelNer5 sryne of the adwitses. A rnnge of cSeS whKh lress spea¢ needs and ISSU These begin I1h a short coutse on horse knowledge before MIng into projects chosen In resrthse lo needs identified wilhin the group. Chmdren's mwnb•rshlp Despite the hea1ndS olcovid. * are eaSed to fep(Ml that a total of256 children attended Rlde High during Ihe period. 80 of these were on our kng4em membershtp progrtmme and 8ttended weekly for up to six mtsnlhs, 152 Children were reled to u$ by schtr)Is and attended for up lo twefve weeks and 24 children attended for other programmes. Ouc attendance rate is 90%. hich Coare5 lavourably wim s¢hoob attendarKe rates lor the Children vth¢h can be as low as 55%. We contmue Ouf ry)mThtfflent to a relalNety long-lemi Pfogramme believir that this is a key factor in effeding POSitNe and tong.term ¢*art9e behavwr. ou¢b)ok and alliiude. Our reyJlt5 with the children a a teslamer41 to the efficacy oftyJr apprnia¢h. ISee"thr reyaW telow).
RIOE HIGH UMITEO IA Comp¥ny Llrnitod by Guarant••) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 20Z1 Chlldren wellbgirtg We define wellbein9 as being comfortable. healthy and happy. All the children and yottng people show a severe lack of these ir4dKators when they firsl aNive at Ride HMJh. but for ery week they aiterrd Our pgraMffle we see them develop into happrarthJ conf%lent indNiduals. Jf welttieing 4neasure$ covw six areas. •min9 to iire the txoad rnnge of issues faced ty members and fflaximise owortuntties lo ¢apbJre progrpss. Those aa5 a enln31 fesilience, sell-awareness & CnIr¢I, relatiortships. e4mmunr¢ab"on. selfsteem & confidence. conlflbun. IndNicJuals might show need and progre% in one or more of Ihese. We avoid inwiied value judgefflents ty using a nl-fiUffierUl s¢aJe from'this doesn't sound l&e me al all. to'this wrtds just like m¢.. This 15 converted to a numbered scale altemards. The new measures were trialed ab¢wJt a dozen members, and iN be feviewed before being vsed Ihe whole mernbership for a ardeM year. Nvw rnemits eomplete Ihe measure al th&r rnduc"on visit and 81 the end of&%h haWleTh IheRafter. It 15 expected thal the in1mti in the wellbwn9 measwew41 aid slaff setecting. a(Jjusling or designing aclivities as well as tfifluenng their rfjproach lo indmdual nrn. li atso has poteniial for target seth.ng as $talements with a more negabve response fr(Yn MidNiduats mwjht be ctwertwJ into pewnal tsrgets. Oata cg)Ue¢¢ed so tsr shlyws Ihai 75% of mernbeJs using the rya5uffj in 2021 166% of schrAI members and 86% ofttw feuuiteo lrnm the wwbny 1st) indrcated • overal ch•ge in 4elberDg dvring thetr mertiership. Ourr•sults In 2021 100% of mWTthr5 recruited Imm Ihe warting list a¢hd at least one level of Ihe Rtde High Awwd 78% of rnembers recruited Ihe waitllig list gaired rfKire levels of Ihe Ride HJh Awa Opportunibes )r trips. SIt$ anl ¥01unteeFing were limited. e5petyalty in the first habf ol the year. 34% of Icng4erm member5 took part in ofte or ne ¥olutrteering acii¥ity 20% 01 lont¢rm mw)knrs took wl aTr thty a Ity5or Our T•stlmonl•ls here oremonychildren ms Milton Keynes WI needthot extrcsvpportlrom externolo9encles oftdlcon honesrtysoy thotforme. t1 work yoy do isso Importoftt andhassuch opositi¥t. kng.lostsn9 effertfor the ones you work with. Thank5 once ¢woin.' Whotever iris you're doing withx. he lffts it(1d1t.$ mode o world of difference to him. He Iwsn'tbeen at 5(hcolforo long time but we.re Sta9 to wor* wi¢h him at hgme now he'sfteling t7 ts'tbetter.. khool Principal 'ljustcaft't thank you enough. rfs omav'ng. xrolks obout you oll the time ond is getting muth more confidenL Even ot hoffle. we see more olhirn becuitse he comes outof hisroom ondhe'llejtwith us ondhe talks obout whothe s dona He s notjustshutw his room gOn9. Anditmeonssomuch tome bec4wse oleverything he s gone through ondhowbod things were.. You light up my day when nobody else can. Thoftk wwfvrletting me Come to Ride High. tt hos qwen me 50fflethlng to reollylookfofwardtoofter theschoolweek is over. Thank youl. Rlde HvJh Membef
RIDE HIGH LIMITEO IA Company Llmlted by Guarante•l TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 FINANCIAL REVIEW The results for the period a sel out on pages 9 to 12. There Iws been an excess ol expeftdlture over income resulting in net dÈff¢il for the period of £108.539. a. R•s•rves pollcy The Company'$ assets are a of restricied funds. langible fixed assets and amounts designated lor essential future spending. The Company thereljre has no resee5 as suth. However. one ol the Charity's ¢ore nciples is a ¢ommilrnenl to provide long-teMSupp lo those who really need it andwe an lo offer programmes of beeen six and hvefve mortlhs. duratK)n lo the rnaty ol C&YP who come to us. The Charity endeavovrs lo meet this comrnilment by retaning suent INuid reS¢)ur to withstand an unexpected shortlall in fvnding. Ride High's policy is to hold IKId resour eovrwalent lo at least six months. expenditure. exduding lundralsin9 sIs. so Ihal il could nthnUe to provide a semce in Ihe Event of unexpecied financièl diffiCu.e$. b. Detalls of any funds fflaterially In defi¢lt None e. Furtherfin¥n¢ial rnvi•w deta Our fitnding comes IrThn weral sources. A cffjstderable part is grant fijnding, from whith we received over £160.000 in 2021 including". £75.000 from Marshalls Charilable Trust. £30.000 from John Althoo Charity. £20.QLVJ from Mi115 Equus T$t over£16,000 ChibJren4need. and £9.thJO from NelbYTfuSt Oftheabove, £125,000 was restrirW to fA>ver the c05ts 01 nxth needed foof repaffs. We also rely on donations from indNkluats whKh. WTlh the help ol our re9uLir fvndraising events. raised over £75.000 lor 2021. We have PartneIpS with seveol companies in Milton Keynes an¢J are working to lurther strengthen ties with the local business commnity. In 2021 we rer£ived £21,000 in donalionsfrom Iwl businesses, togelher with considerable amtyjnls of pro seThices. We received £63.000 from agencie5, su¢h as xhools and lrfal courKi15, who refer CY&P to our pr(3rammes and ¢ontnbuie tw4rds the costs. Like ffony charitses. our Tn¢ome have been Mryacied ty Cowd. Thern vas no Imnter Ball in 2021 - tradilionally our Ilag-ship fvndraoskng v4ent-tyJlow RKle H)h Cyde dwIIee. launched for the fitsttsme thi$ year. raised over£35.000. In August 2017 the compary aCqred a rnling s(ool lease fr(wn ltte Mitton KeYS PaFks Tn18nd Ihe Cm1pY moved tts ch8ritsble operations to the sile in Jartuary 2018. The majoilty of the sile was ifflmediatety sub4el Its a new trading subsidiary. Pegastssfc¥R(deHigh Limited, ¥thich IRdes as The RNJe High Equestrian cen IRHECI. RHEC pays a commeraal rent to the Chanty Ic¥ its Sha ofthe site, whh amounted to £61.200 for the year. RHEC has been financed vAth klans from R¢de High totsling £383.092 as at 31 December 2021. all amounts haye been issued with a comfflerual rate of inlerest. Due to Ihe inya¢t of Covid-19 on the bustness ol RHEC. Iwhr¢h was foed lo close for several months). the lo was increased iri-year to wude ¢4d intercompany ifivovs as il ljKaffle apparent that RHEC would not be abfe to repay these. RidE Huh and RHEC have sirtt agreed a revtsed rep8ymenl schedule foi the full loan value. with piin¢ipal fepaymenls due annuauy. and Ihe kjan iepaid in full by 31 Oecember 2026. A principal installry1 of £50.000 was pard by RHEC in Febnjary 2022. in a¢¢orttanrE wilh th• revised 89reernenL The rent payable by Ride Hh ¢Ji its lease wilh Mdlon Keynes Park5 Trust is £11.000 p.a. until Clober 2022 an(1 £63,000 p.a. forlhe rte fwe years after that There are fve-yeaty inna140n linked rtrnl reviews thereafter. Ride High has ¢omfnitted 1¢ ¢arrvina oul regairs and upqrades lo the value of £300.000 and. as of 2021. has lulfilled t1¥5
RIDE HIGH LIMrrEO {A Comp•ny Llmlt•d by Guarante•l TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Th maionty of our incon was appr1 lo staff costs. )rOoM ses5K>n5 riding lessons tsr Ihe children and the aforemenlKned roof rtpaN5. (r major o¥ert•d$ 4part from thi5 were the prDvisitin of travel lor Ihe children lo Id from our CÈntrE. STRUCTURE. GOVERNANCE ANO IIANAGEI a. Constitution The Conwny is nSti1ed underlhe Mem¢xandum and Artides and is a re91$le charrty. number 1138260. b. Board of Trustees The Company has a Trustee eoard that meets to provth leadership. strèlegic dtrectlon and financk4 Control. A sub-cornmittee of ihe Trustee Bod meets as ne¢essary io man4ge key ¢5sue5 relaljng to the provision ¢lchildren's services alc4Jr Centre. The Chiel ExetyJtive ofthe Ctyw. Ms O F SugdDn attends nwliry5 01 the Tfustee 8oard. ¢. Method of Appolntr•Ènt or El•¢lion of Tnth•s The Company opÈrates selecbon crileria fw recruilment of TnJstee DriectOfS 50 as to ensu that their skills aThJ experien fefle¢t the govern¢ ar operalional need5 Of the Company. Pio$pe¢t1 Twstee Directors a terviewed by all the exi5tsng Truslee Di. New Trustee CkntCW5 not appointed until saiisfaclory Oisclosure and Bafring se checks have been eompleted. D. Int•mal Controls and Mitigalion of Al•Joi Ilisks The Tru51ee Board has an established rk management poty. and ¢arries out regul¥ risk idenbfication exercises incluthng review by Ihe TNstse BcAnl ol m4or risks and Ihe adequxy ofthe systems in pb¢e to rn.931e thern. DISABLED EMPLOYEES It Trs the coryany's potry to gb¥ emph)ym•it to disabled persons wherever pra¢bcable. STAFF AND VOLUNTEERS We have five fvll time members of staff. tee part4ime fflemtws. Ir part-time minibu5 drr¥ers and around 25 volunleeis to help wrth a range ol xtM"b"es and serv. Tlwe include driving ihe C&YP to and from the dub. (undrat5ing. dulyoom se55ians. admffjistration. graph dwgn, website desvjn, kgal ser¥ke$ and mainienance. POLITICAL AND CHARifABLe OONATIONS No charitaL4e donalions were nwde dumg the yw. No contnTr+utions lo polili¢al Or91500n5 were made duTiThJ the year.
RIDE HIGH UMITEO IA Company Lkniiidby Guaranie•l TRUSTEes' REPORT FOR THE YEAR ENOED 31 OECEMBER 2021 rRUSTees' RESPONS181LmES STATEMENT The Trus$ (who at aso th2 tknkns ol lkne Lirrilgj ts Ihe pwposes of corywy lawl ponsible. lor prtparirvj the TNslees' Report •d Il FithKi¥ Slalements ae£tyda ilh aptle law and Unrted KlrJdorn Accourttr¥J Stafidds (u11 Gernralty Aettpied AcC4W¥¥j PiinoFle51. comnY law thiurts Ihè knsle¢s W8PBrt Fiwaol siaieftrts for eath finwKi31 year. Urtler rJ)mpany low Tw$e$ rnu5lnrtapwo¥e HnarKi¥ Sialements unless Ihty we satisfied Ihal a INe ar>J fair¥l8w ol Ihe slal801 allairs0lthethatiiailec(partyJntt tha incomuw resMes arklakat1 dwourns.. the kncornp expenthtwo of Ihe charfawo for Ihal pgri)d. In pTrpthg these finaial SIalen. the Ir ore rewwed ltr. ¢)bswve meth•>Js In Charities SORP.. The Trusi8es are resp(Thd>l8 fr ryd5 thal surr>e to sknw •xF4•n Ihe cbaftlabte com5 transaclKbnS arrtl dkYose Wilh rea5rnatle x¢yJw a¢ •ny Iwve the final01 position ol Ihe chariiablt ¢tynp3ryanderth Uwnlo 8nwre Ih8tlheFFnwwlSlonts wih the Cornpar¥e$Aei 2006. They are so $n$[W¢ l¢r5af•9uarthry the assets the ¢JwiiabJe I¢? br ling masona148 YIMS Reptylw•$ ¥wtyed ty thp Tn31 ID&j22'. siJ*d ¢Jn b8halfty'. SJPP Direclor Page 7
RIDE HIGH LIMITED (A Compafiy Llmited ljy Gu4rantee TRUSTEES. REPORT FOR THE YEAR ENOED 31 DECEMBER 2021 TRUSTEES. RESPONSIBILMES STATEMENT The Trustees (who a also Ihe "t¢(S of Rmle High Lunited for Ihe purpjses ofcompany law) responsible for preparing the Trustees. Report and Ihe Financial Slalements in accrydan with appli¢abk and United Kingdom A¢counling Stand¥ds {UNted Kfftgdom Generally Accepted Accountry PrinCie$l. Company law requires the Iruslees lo Finarial Statemenis for each financial year. Under company law the Twstees mu51 not appre the FinanrAal Statements unless they are 581isfied Ihal they give a true and fair view oflhe state ofaffairs olthe chartable eompany and Ihe iThxming resour and application Of50rceS., including the incorne and expendIU of the arilab cjjmpany lor that per. In pparift9 these finan¢ial stalements. the twstees are requ¥Ed tyJ: sele¢t Suitsble ar[ling IKd¢ies arKI then apky them ¢SIstentIy. obserye Ihe meVKxls and priThipks in Chaiilies SORP. make judgements and eslims Ihat are reasonaNe and pmdent epare the Stalents on ihe png nCerTh bags uft it rs inappropriate to presume Ihat thè charitable conwany will <Thilinue in opuK)n. The TtiJstee$ art responslE kr keepir4J adequate acco¢mting records Ihat a suffiuent to show and explain the ¢harilable cornp8ny's transacbons and dtsdose with feasonable accuracy al any time the finala1 position of the tharitsble company and enable Ihem lo ensu thatthe Finan(4al Statements Comply with the CompaniesAct 2006. They are also re$pon$ible for sat¢gua(dw the assets of Ihe tharilable c(ryny arKI hence for takin9 reasonable steps for the preventi¢)n and detectp)n ol fraud and olher wreguLqritES.
RIDE HIGH LIMITED IA Company Llmbtwl by Guaranteg) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMaER 2021 DEPENDENY EXAMINER% REPORTTO THE TRUSTEES OF RIDE HIGH LIMrtED (the'company'l I rew1 to the th•rity Trustees on my exati1natt ol tre xcounts ol the company for the year ended 31 December 2021. RESPONSIBIUTTES ANO BASIS OF REPORT A5 the Trus¢ees of the mpaThy {and its dwectots for ihe wrposes of cornpary lawl you are resp)nsible lor the prepaRIKtn ol the ac¢ovnts in accordarKe with the requtreffRnts ofthe CompanresA¢t 2006 Ilhe 2006 Acri. Having s"sfd myself thal the accounts of the company are not required to be audiled under Part 16 01 the 2006 Acl and a eligible lor independent exarThnabon. I feport in respect of ryry examinab"¢n of the company'$ ¥ccounts carried wt undersect)n 145 ofthe Charitie5 A£1 2011 {'tr 2011 ACYI. In canying out my exaMal) I have followed the Direcirons 9i¥en by Ihe Charity crms1On luer seth2n 14515llbl ol the 2011 Act. INDEPENDENT EXAAIINER% STATEMENT Since the company's 9$$ in¢yJ#e exed £250,OCtI your exawffjer nmrst be a mmbef of a body listed in section 145 of the 2011 ACL l ihat l am qualthed ¢0 Ltndertake the exarrMnalJn because l am a member of The Institute ofchwtered Nxcountants in England aThl Wakn. thich 15 ofthe lthd bodles. I have ¢wnpleted rry eXaThnaIi. I C ¢thm trAt no matte15 have com to my 8ttenlion in rnnec1M)n lhe eyamination gwing me USe to beliBVe". accnting records nol kept in respect ofthe as rwred ty 5ectw 386 of the 21x6 ACL" the a¢¢ourtts do not aJmp]y with the acryyjnliw UIreMents of section 396 of the 2006 A¢t other than any requwement that the accovnts give a J f whrh 15 not a matter consKIEred as part ofan dependent exarninalvjn", or Ihe accounts hove not been prepaied in acctydance 7•ih the methods and principks of the Statement ol Reeommended Practice for ac¢ounting and rewrting 1)y ¢haiib"e$ a$ apph"catAe to chariis preparing their ac¢ounts in acctydance with the Firtanaal Rewrting Standard appl¢able in the UK and Republic of Ireland {FRS 1ff21. I have no concerns and have cory* auoss no olher mattefs in Connectm wilh the examination lo which attention should be dtawn in Ihis ieport in wder lo enatjle a proper undwstsndKw ol the xeounls to te reached. Signed.. Steve Roblnson FCA Mercer & Hole charte Accounlants Silbury Court 420 Silbury 8othard Miifon Keynes Buckinghamshif¢ MK9 2AF
RIDE HIGH LIMITED (A Company Limittd by Guarnnt¢Èl STATEMENT OF FINANCIALACTivmES INCORPORATING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 OECEAIBER 2021 R•$triet•d Ufireslrfcted funds fundg 2021 2021 Total lunds 2021 Tolal funds 2020 Noto INCOME FROM: Voluntary income A¢iN11S forgener31ing funds Investrrent in¢cthe Other Incixrte 189.313 173,614 4.941 79,727 362,927 4.941 79.727 423,557 11S.145 87,065 73,304 TOTAL INCOME 189.313 258,282 447.595 699.071 EXPENDinJRE ON: Fundraising expenses aTrJ 01herots Charitable a¢livilie5'. G¢Jvernance Chafitsbl activities 6ZJ•T 62.487 68,116 301 630.136 135.942 369.152 SOS.094 TOTAL UPE•IDITURE 10 135.942 431.639 567,581 698.553 NET INCOME I IEXPENDITURE) AND NET MoveMeNT IN FUNDS 53.J71 {173J57) 1119.9861 518 RECONCILIAYION OF FVNDS: Total funds I¥ou9ht forward 2.371 619.629 622.000 621.402 Total funds Carr forward 55.742 446.272 502.014 622,000 The note$ on pages 13 to 26 &ym oflhe5e [Mal Slaternts. The splrt offvnds in the comparative year 15 in rK>te 22 ofthe fmaThiat slateftnt5.
RIDE HIGH UMITED IA Cc+mpany Limited by Gu¥rantÈl BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 FIXED ASSETS Tangible assets Investhients 13 14 31.885 1UO 28.493 21.985 28.593 CURRENT ASSETS DèbtoTr". amounls (Jlling due after trn one year Debtors". an¥)unts fairing duewithin ye Cash •1 bank and in han<1 15 1S 333,092 200.912 341.3ni 243.$38 341.482 082.374 899.158 C"REDITORS." arTr7unts falliThJ duewilh one year 16 1177.34¥ (80.7511 NET CURRENT ASSETS 705.029 818.407 TOTAL ASSETS LESS CURRENT UA8ILmES 727.014 847.000 CREDtroRS: armnls fallin9 due after more than one year 17 [225.000) 1225.0(X)I NET ASSErs 502.014 622.0fy) ¢HARiff FUNDS Restiicted funds 18 18 55.742 446.272 1371 619.629 TOTAL FUNOS S02,014 822,000 The Company's financial slatemenls have beeft prepared IaCrdanctWrfh the provision5applrable tocornpanies subiect to the srnal companies regime. The TnJSl cowdei Ihat the ¢wany is enb"ld to exemplKrfb Irom Ihe reqwrement to have an audit under the provwon$ ofse¢tion 477 01 IIE Companies A¢t 30061"the Act? anej membets have not required Ihe company to obiain an audit for the year in queslion in a¢¢ordance Y1h sethn 476 olthe Art The Trustees acknowledge Iheir Sponsibl111*S for wilh Ihe requ1Ments of the CorTynie$ Acl 2006 th rtspect to aC¢ounn9 iecLvds and the preparalkin of financial slatemènts.
RIDE HIGH LI1£0 IA Company Lknit•¢l by Guarant•g1 BALANCE SHEET Icontinuedl AS AT 31 OECEMBER 2021 financial slalements apwwed fty IS by the Tnolees Vn 3ilff61a and ned on Iheif tehaw. by.. Mr S J Piper The tw¢e$ on pages 13 10 26 ftym pwt ollhese fiftaKial stalen1$.
RIDE HIGH LIMITED {A Company Llmlted by Guarant••l STATEMENT OF CASH FLOWS FOR THE YEAR ENOEO 310ECEMBER 2021 2021 2020 NET CASH GENERATEDIIUSEOJ FROM OPERATING ACTIVITIES 23 145.495) 30,504 CASH FLOWS FROM INVESTING ACTIVITES: Interest received Investft*nt inmrne er1ed Proceeds IrDm sale ofequitywit Purchase ol equipm1 18.52T 61.200 Z8.133 58.932 20.000 128.9951 NEY CASH PROVIDEO BY INVESTING ACTIVJTIES 79.727 78.070 CHANGE IN CASH ANO CASH EQUIVALEirrs IN THE YEAR 34232 128.574 314.138 205,$64 Cash and cash equivalents brought fth¥ CASH ANO CASH EauwALEIITS CARRIED FORWARD J48.370 314,138
RIDE HIGH LIMIYED
IA Company Limitsd by GuaraTrte8
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2021
ACCOUNTING POUCES
1.1 Basls of preparauon of fman¢lal $t•teffl•nts
The financial slaterrwls have been wepared in ac¢ordance Accovnting and RepDrting by
Charitie> Slatement of Recommended Practice applicable to charities preF43ring Iheir accounts in
accordan¥th Ihe Ftnancial Reportin9 Standard appltcable in the UK and Republtc of Ireland IFRS
1021 leffectNe l January 20191- ICharib"es SORP IFRS 102)). the Financial Rep)rt¥ig Stsndard
appkcable in UKand Repubk of Iretand IFRS 1021 the Cryanie5 Acl 2LIA.
Ride High Limfteil meets ihe of a public (efft entity under FRS 102. Assets and 1rabilib.es
are initially re¢ogrMsed'al th"storica ¢osi ty transxti(m vthe unless 0lherwe stated in the leVant
accounting poky.
1.7 CompJny statu¥
The Ctynp•ry 15 a compwry limied by guaran1. The meners of the Cthiwany are Ihe Truslees
named on page 1. In Ihe event of the Company bein9 wound up. Ihe liabilty in respeci of the
guarantee bs limtd to £10 per ofthe Company.
1.3 Golng cone¢m
At the ol opwv4ing Ihe ffnanrial slatemenis. ar#J tsking into ac¢oufil tr impart of COVID.19.
Ihe Trustees ha¥e a rtas
RIDE HIGH LIMFfED (A Company Llmited by Guarnnt••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED J1 DECEMBER 2021 ACCOUNTING POUCIES (COIMNUEDI 1A EXpdir8 Expenijilure is recOgne once Ihere is a kgal orwn51nJctro obligation to transfer econom benefft lo a thrrd paty. il is probable that a transfer ol ecs)nomic l)efteffts vll be re4tsd in settlement and the amountof ihe obtgabon can be measured reliabty. ExFendthre is dassrfied by acti¥ty. The costs of each actsvity are made up of Ihe total ol dwecl costs arJ thared Cosls. inGluding support costs wwol¥ed In undertaknn9 each acbvity. Direct costs altribuiable lo a sirwle actNity we alb¢aled direrlly to Ihat kn"ty. costs t14htch wtrMJle to more than one actNity and support costs which a rtot attributable io a single activty are apportroned betsveen those aCb¥itS on a basis consislenl wltx the we of SoUrCes. Cenifal slaff costs a alkjcated ¢¥n tr b8sis of tlme spent. and depreoati charges albGaied on Ihe wbon oflhe assefs use. Fundraising e4%ts ore those incurred tn seeking Yofuntary cthitrulK>ts do in¢de the c05ts ol disserTrnaling informalion in support of Ihe charilabk actr4lties. SupF4Jrt cost5 are Ihose costs inCUd difecb)f in 5uppNI of exFendiiure on the objects ol the company and include pffjiect na9emenl cried out at Headquarters. Go¥emance cosls we Ih05e incurred in c¢nnedion wlh admlfii5trats ofthe coffpanyaAd eanceW1ih rA)nSti1tal Slatut¢Y requwements. Costs of gener"ng (unds are costs IAn¢d attrnthvJ voknl•ry in¢orrE, and Ihcw incurred in trading a¢lM"lies th raise lunds. Chaiitable aetivilies and Go¥emance rosts al? cts inuJrred ihe cornpany's edatIonal operaknons. inthding SUPPtsrt ¢OSts and (yjsts io the governae of Ihe o)mpany apportioned to chaiil2ble xtiths. 1.6 Tanglble flxed a6s•ts and d•prfjeiation A leW for irtwathni ol a asset ts ¢arrted out rfevents or changes ki or¢um5tances indicate thal the carrytng Value of any fixed a55et may nol be rectywable. Shortf3lL8 belween the caryin9 value ol fixe¢J assets and Iteir weovernble aftThts We rEcrJnised as impaimwnts. Impairrnenl losses ¥e re¢fyJnised in the Slatemenl wKryralin9 Inwme Expendilure Ac¢4)unL Tangible fixe(l assets ¢arrfed at cosl. net of dewECHti(m and 8ry provision for impmienL DepreGialKm is sKovided at rales calculaled lo wrile off the cosl of fixed asse& less their estimaled restyjual value. over Iheir expected useful lives the foM(win9 bases.. Motor ¥thides Olfr¢e equrmnt Compre1MpffieAI Syw strw"ghtline 5 yew5 stravJht S yewsstraightkne 1.7 Inv•8tmants Fixed assei #ivesliwils are a fomi of finaTr¥l wthnnt ¥e inibally fe¢ogNsed al Iheir Iransacbun costand wb5equenty measvred 31 larvalue at Ihe e¥lance Sheet date, un&5 frdif value Cannot be ffleasud rekabty in which ¢3se it is ffleasud al cosi less wnpairrnent. Inves¢rnent yain5 and losses, vknethef aell or unreali5e(l. are combined and shown in ihe heading 'Gainslllossesl in¥e5tments' in Ihe Slatemenl of Fin¢•al A¢iivAie5 irwrporating Iorne aTh1 Éxpendiiwe Accounl
RIDE HIGH LIMITED (A Company Limlted by Guafanig} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 20ZI ACCOUNTING POLICIES ICONTINUEO) IA Int•resl f•c•l¥ablo Interest cffl lunds lkJ dwit 15 included when receivable and Ihe amount Can be measured liabjy b/ Company.. Ihis is Up no11f¢ab inte1 patd orpayable by Ihe 8ank. 1J O•btors Trdde and olher deblots #fe fecognisetj al Me setllemenl amount after any Irade discount offew. PPayrnents a valued at the arrwnt rxepaN1 nel ol any irade dixounts dLte. 1.10 Ca$h ot 8ank and +n h4nd Cash at bank and in Iwid fftchhles cash and short iem) hNJhty Iklu invèstments with a short malurity of three monlhs or from Ihe date of acquisiti¢)n or opentng olthe dep)sit or ssmilar ac¢ounL 1.11 Llablllti•s and provislons Liab1th'tS are recognised when thefe is an obffgafion at the 8alarte Sheet date as a resull ol a past evenl. it 15 PbabIe that a transfer ofeCorm benefit wil be reqwed in seltlemenl. an¢J the amount ofthe setuement can be estiryoled retsbty. Liabilitie5 are rtcognised at Ihe amovnl thal Ihe company antiripates it wll pay to the debt ¢y the amount rt has receNed as advanced paymenls lor Ihe gOJ$ or seTrtces it rnust pro¥Mle. Pfowsion5 are measured at Ihe best estimate ofthe arnount5 reqLrired to sellle the obli981iM. the elfect olth tKne ¥ae of morw i5 material, Ihe wovision 15 based w the Fent value ot those amunts. discounted at the P-ta discount fate Ihat renects the risks spe&fic W the t4bUty. The w11nding ol the dI5u1 is recogni5ed wrthin interest payabje and similar charges. 1.12 Flnanclal Instruffl•nts The eompanyonty IMS fin8n¢ial asseand financw ofa kiThl that quafrfy a5 basi¢ finan¢i instrvments. Basiefinancval $tTrlS3 niSed al Iraosaction value and subsequently measured al their selVemnt value wth the exception of bank loans which a $ubsequently measured al amcrftised c¢st the ellective terest 111. 1.13 Fund xcounting Genw¥l funds are unrestricted fwids whtcth are avaiLab for use al the dIScli0n of the Twslees In further0 of Ihe 9enerdl oi¥ecbves of the Cory1 and Itrfiich have not been de$igftated forother puws. Restsithd lunds ndS ThK ao lo be used in aCcwda[e ryIh specik restrict•Jns rfflposed by donors or whi¢h have been r•sed by the Company lor partiojlar purposes. The costs of iatsing and admtsitstrll.ng Suth funds ar ¢harged against the spea.r lund. The affn and use of earh restricied nd is sel out in the notes to the finan¢ial stalemerts. Inveslrnent in¢orne. gains and losses ¥fe alocated lo aprKopriale fund.
RIOE HIGH LIMITED (A Company L(mited by Guardnt••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20ZI 2. INCOME FROM IKINATIONS ANO LEGACIES R•¥tricled futtds 2021 UnrnstrletÈd funds 2021 Tot•1 funds Totsl nds 2020 Donatn$ Grants &milar incorning resrceS 103.760 48.956 20.898 103.760 191.399 67.746 130,159 234.482 58.916 142.443 46,870 Total donati¢xB and JegaCS 189,313 173.592 362.905 423.557 Total 2020 139.646 283.911 423.SST 3. FUNDRAISING INCO•AE R•strict•d fund¥ 20 Unr•strl¢t•d lynd$ 2021 Total lund$ 2021 Tot81 fvnds 2020 Tolal ndraiSIng inc¢rne 4y1 4.941 115.145 Toi¥J 2020 11S.145 115.14S 4. INVEmiENT INCOME Restrlcled lunds 2021 Unrestrictèd fvnds 2021 Total fund$ 2021 Tokl 2020 Rent re¢eived . Interest inc4me 61.200 18,527 61.200 18.527 58,932 28.133 Tot investmenl irwrne 79,727 79.727 87,065 Tol312020 87.065 87.065
RIDE HIGH UMITEO IA Company Llmlled by Gu•ranteel NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENOED 31 DECEMBER 2021 5. ANALYSIS OF EXPENDITURE ON CHARrrA8LE ACTivirrEs R•stricted funds 2021 Unrestrl¢t lunds 2021 ToLIl fund$ 2021 fijnds 2020 tet ¢hèntabfe aclmty Support cosis Propety costs 40.308 227.017 71.115 71,020 267.325 165.679 72.090 263.382 129.157 237,597 1.070 Total ch*iatle 8clivilie5 135.942 369.152 505.094 630.136 Total 2020 279.1 351.070 630.136 6. DIRECT COSTS Direct charitable 8Clivty Totsl 2021 Tolal 2020 Chaitable actwity Z67.325 2$7,325 263.382 TO 2020 263.382 263,382 7. NON4JIRECT COS75 Plop• Total 2D21 Total eosts Oiher (v5ts 164679 72.090 237,769 366,754 Total 21f20 129.157 237.S97 366,754 I. EMPLOYEES Slaff costs during the yearwere as lolkNs: 2021 21Y20 Wages and SocTral security costs Other pension costs 259.392 4.9B8 273,106 264.380 279,974
RIDE HIGH LIMThED (A Company Liffllted by Gua{•# NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2021 9. GOVERNANCE COSTS Rostrlctod funds 2021 Unrestrictsd furtds 2021 Tolal funds 2021 Total fuThJs 2020 Goveman¢e-Truslees expenses 301 10. ANALYSIS OF RESOURCES EXPENDED BY EXPENDrruRE TYPE Othtrr costs 2021 Total 2021 Totsl 2020 Fundfatsing expenses 62.4 62,487 68,116 C06ts 01 Trisln9 funds Oirect ¢aritable actmty Supptyrt costs Prowty costs 267.325 165.679 72.Q90 267.32S 165.679 72.090 263.J82 129,157 237.597 Chayltable activitie8 505.094 505.094 630.136 Govman¢• Total 2021 567,581 567,581 698.553 Totsl 2020 898.553 698.$53
RIDE HIGH LIPAITEO (A Company Llmlted by Guarnnt•al NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2021 11. NET INCOMEIIEXPE14DITURE) Thbs is stated afttr charging: 2021 2020 Dekyeciation ottsngNe ffixed as5elS". -owned ty the c*arity 6.608 3.912 Ouring the year. no Trustees recavedany renwnerdlit Q020- ENIL). . Ouring the year. no Ttystees recer4e(18ny benefits in knnd12020- £NILI. During ¢he year, Tnee5 received reimiwrnwment of expenses Ernl12020- £301). 12. AUDITORS. REMUNERAT1014 The Independent exaMe<S reffitiOn #mwnts 10 8n Irbjependent Exarinalion fee of E2,$00 (20ZO - £2.500). 13. TANGIBLE FIXEDASSETS Offtee Comput•f E4uipmonl Equipmont Totsl Ai 1 J4nu¥y 2021 Aditn$ [SpOSal$ 46.93S 6281 2,978 56.194 At 31 0•eembef 2021 Depr•¢lation At l January 2021 Charge forthe year Di$pos¥ls 19.390 5.799 5.791 2.520 361 27.701 6,608 At 31 D9mber 2021 N•¢ book valug A¢ 310gc•mb¢r 2021 At 31 Decem1 2ff20 97 458 21.885 28.493 27.545 490
RIDE HIGH LIMITED (A CoMnY Llmlt•d by Gu•rant•o1 NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER21 14. FIXED ASSEf INVESTMENTS Sh•T•S In 9fOUP undertaklngs Market valu• At 1 January 2021 and 31 Decenthr 2021 100 Subsldiary undort¥in The foll¢Ming were subsith.ary wKlertaknngsofthe ¢¢Mnpwry". Nam Pe9asus for Ride HwJh Linited Holdlng The ag9regale of the share capilal and reserve5 as at 31 Dewnber W21 and of the proffit or loss for the yeai ended on Ihal date br Ihe sybsKliary undertakm9s were as loifNs". Aggregai• ol share eapilal and reserv•s Nam• ProfiVIIoss Pegasus tor Rtde Hvjh "mrted 100 9.796
RIOE HIGH LIMITED IA Company Llmitèd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 310ECEPABER 2021 15. OEBTORS 2021 2020 afterrtw• than one yeai Other debtors 333.092 243,538 2021 2020 Duo wilhln on• y•ar Trade debtors Amounis due from subsbliarns Other detrrtors Prepayments and a¢¢md ifKon 19,200 28.n4 90.853 62.07S 67.478 139.313 134.691 70D,912 341,482 Otherdebtors isKludes £333.092 due after I1 one year £50.000 due wilhin one year from Pe9asu5 for Ride Hi9h LIle. 16. CREDITORS: Amounts falling du• ttthln on• year 20Z1 2020 Trade creditW5 Other taxation 8rKI sorA se¢urity Othercredbtors Ac¢Jwls and delerred I0 71.466 7.827 1,152 96.90Q 6,$63 15.533 1.128 57.527 177.345 80,751 17. CREDtroRS: Arnouftts falmng due •ftermor• than on• year 2021 2020 CotKessiMary In 225.000 225.000 Interest accn$ on Ihe k>an al Blay5 Bk base rate p5 5% from 1 August 2022. The hjll loan is payabk on 31 July 2027w at8ny time b•frre Ihen atthe discreiion ofthe Ch*. The klan is unsecured.
RIDE HIGH UMITED IA Comp•ny Llmited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 STATEMENT OF FUNOS STATEMENT OF FUNDS- CURRENT YEAR 8alan¢• at 31 D8¢•ml 2021 Balanu at 1 January 2021 Inc¢)m Expenditurn ilnrestTkted lunds General Funds 619.629 258.282 (431.639) 446.272 Restdeted lunds Re51ricted Funds 2J71 189.313 (135.9421 55.742 Total of furKIs 6211)00 447.S9S 1567.5811 $02,014 Analy$ts of mov•m•nts In r•sttICffnds Balance al 31 Oer¢mb•r 2021 8alaffiat 1 January 2021 lfteom• Expendlture Newby Trust 2019 The Mills Equus Tntst L&a NaIn81 Lottery Maffjaret Giffen Tru* 2020 Jim Uarshall MK Community Granl Newby Tfust 2021 MK Community Four#lation Margaret Giffen ffust 2021 Bemard Svnley Foundat 8ailey MK Roof Repai Referral Income Furtough Incory 4.105 14.1051 2,371 2.371 (3.TgSI 13.6091 15.0401 11.0701 11821 110.Ixioi 3.609 5.040 1.070 182 10.O¢>J 1.501 1.250 s.000 94.564 46.870 12.326 1,501 {12501 s,000 194.wl 46.870 (12.326) 2.371 189.313 1135,9421 55,742
RIDE HIGH LIMITED IA Company Limlted by Gu¥f•nte•l MOTES TO TME FINANCIAL STA TEMENT5 FOR THE YEAR ENOED 31 DÉCEMBER 2021 Descriptlon. n4lur ind puw ol r•51ritted fvnds Name ol restrlct•d h•nd D•scriplion. natUf• and puwes olth• fund Trust 2019 To provKle frJnd4ThJ fof trn¥el and transportatnn for the chiAtr. To PfovNJe fvndww for the lease obligalion$ al Ihe Ride High Equestrian Cenlre. To provide lundubj forthe saFary of CILI) Le¥ders To provide fundM for Ihe salary of Ihe Child.$ PAanager To suptwyt the clMhJren'$ ridin9 be$scS with Pegasus lor Fide Hoh knmitJ. To reparr the on5ire heatiny. To dddfen's sweatshirts and other dothing. To wowde Arnding for the salary of Ihe ChHdren's Manager. To prwde fijrrtrJ for stsff Sala$ as part of Ihe Red Cr055 Pmgramffle. To support Ihe thildfen's ridry less5. To repaw Ihe ny)f al RNle Htrah Equestrian Cenlre. To fepair the lf at Ride High Equestrian Cenlre. Re¢er¥ed ffom SlS to fuTrJ the fixed term 9roup le550ns provided lo them. Received ihe Go¥wnfflenl to provK1e fijnding for salalles of staff unable lo pwfcffi) Itttwort( as a fesutt ofCOVI(>19 Strthns. The Mills Eouus Tnlst L&a Naiional Loitery Mar9afet Gilfen Trnsl 2020 Jim Marshall MK Cthmmunity Grant Newtiy Trust 2021 MK Community Foundath Margarel Giffen Trusl 2021 Bemar(I Sunley FTrJnflatKJn Bailey MK Rc4)f Repairs Referral Income Furtough Income STATEMENT OF FUNOS- PRIOR YEAR Baftcta 31 December 2020 8aWtt at l January 2020 In£oTrR Expen(filure Unrnstri¢t•d lund5 General Funds Rtricted fund$ 479.691 S59.425 1419.4671 619,629 Restricted Funds- all lunds 141.791 139.646 1279.0661 2.371 Total of fvnds 621.482 699.071 1698.SS31 622.0
RIOE HIGH LIMITEO (A Conwany Llmit•d by Guarant•e NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENTYEAR R•strict•d Unr8stri¢ted funds fund$ 2021 2021 Total funds 2021 Tan9ible fixed assels Fiyed asset investmènts Debtors due after more Ihan 1 ye Cuffent assets Creditors duewilhin one ye Cfeditors due in year 21,746 139 21085 100 100 333.092 333.092 469.059 549.282 1131.1181 1177,3451 1225,0001 q225.000} 80.223 {46227) $5,742 502.0141 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Resi un5¥Gted nds lunds 2020 2020 Tolal fvn(Is 2020 Tangible fixed assets Fixed assel investsments Oebtors due after mre than 1 year Current assets Creditors due wilhin one ye Creditors due in more than one year 26.000 2.493 28.493 loo 243.538 243.538 679,249 655,620 180.7511 (80.7511 (225.1)001 (225.0001 (23.629) 2.371 619,629 622.000 20. CAPITAL COMMrrMENTS Under Ihe teThrs ol ts ase kqdb)n Ktyr Parks fn¥sl the Chanty 15 obliged lo complets work with a valLre allyAlln9 to E3fyJ.000 on Ihe p1589 by 14 August 2022. Thwe 1$ currenuy £nil 12020 - £r¥ll induded in a¢cwals in relation to *rt(s. 21. PREPAID LEASE PREMIUM Included in debt0 is a prepaid lease weNuM amountsng to £53.70012020- £125.300). The lease premium i8 beyig ieteased lo Ihe Statewit F¥lancIal Activitw Mr Ihe peii¢MJ lo 30 Septeftiber 2022.
RIDE HIGH LIMrrED IA Company Limlted by Guarantee NOTES TO THE FINANCIAL STA TEMENTS FOR ThE YEAR ENDED JI DECENI8ER 2021 21 STATEMENTOF FINANCIALACTMnES INCORPORATING INCOME ANDEXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Restri¢ted Unr•strict8d funds funds 2020 2020 Tolal nds 2020 INCOAIE FROM: Voluntary incoTh Activities forgefteratrng lunds InveS1Tl¢ income 139.646 283,911 115.145 87.065 73.304 423.557 115.145 87.06S 73J04 TOTAL INCOME 139.646 $59.425 699.071 EXPENDITURE ON: Fvndraisirwj expènses *Kt olherc03ts 60.116 68.116 Gryemance Charitable actf4iiies X11 351.070 301 630.136 279.086 TOTAL EXPENDilliRE 279.066 419.487 698.5S3 NET INCOME I IEXPENDITUREI BEFORE OTHER RECOGNISED GAINS AND LOSSES NEf IAOVEMENT IN FUNOS 1139.4201 (139.4201 139.938 139.938 518 RECONCILIATION OF FUNDS." Total fvnds bfought I0r Totsl funds carried ffjrward 141.791 2,371 479,691 619.629 621,482 622,000
RIOE HIGH LIMITEO IA Company Llmited by Guaranlt•l NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 23. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020 Nei movement in lurKIs 1119,9861 518 IntesE and investff*nl inrne slKMn li investing adivities Decreasel(increase) in debltys {79.7271 (87,0651 51.061 168.756 InCaseIdeCIeaS•l in ereditOf5 96.594 135,6181 Depreciab"on 6.608 3.912 {GainllLo$s on sale of equipment 119.9991 NET CASH GENERATEOIIUSEDI FROM OPERATING ACTIVITIES 30.504