REGISTERED COMPANY NUMBER: 07363597 (England and Wales)
REGISTERED CHARITY NUMBER.. 1138260
TRUSTEES. REPORT AND
CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
RIDE HIGH LIMrrED
(A COMPANY LIMITED BY GUARANTEE)
Ad Valor8m Audit Services Limited
Chartered Certrfied Accountants
& statutory Auditors
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

RIDE HIGH LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Reference and Adminlstratlve Details
Trusteos. Report
Impact Report
7 to 18
Report of the Independent Audltors
Statement of Consolldated Flnancial Activlties
Consolidated Balance Sheet
19 to 22
23
24
Company Balance Sheet
25
Cash Flow. Statoment
26
Notes to the Financial Statements
27 to 38

RIDE HIGH LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES
Dr K Ali (resigned 27 September 2024)
MrJHGeary
Mr R Harper
Mr l E Hillman (appointed 28 March 2025)
Mrs J L Horridge (appointed 28 March 2025)
Mrs M E T Mccoll
Mr A J Oddie
Mr S J Piper
Mr G J Sandmann
Mrs L S Styles
Mr P D B Zeidler
COMPANY SECRETARY
Miss R K Turner
REGISTERED OFFICE
Ride High Equestrian Cenlre
Redland Drive
Loughton
Milton Keynes
Buckinghamshire
MK5 8EJ
REGISTERED COMPANY
NUMBER
07363597 (England and Wales)
REGISTERED CHARITY
NUMBER
1138260
AUDITORS
Ad Valorem Audit Servi￿$ Limited
Chartered Certified Accountants
& ststutory Auditors
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN
Page 1

RIDE HIGH LIMITED
GROUP TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees. (who are also Directors of the Charity for the purposes of the Companies Act), present their
Annual Report together with the Consolidated Financial Statements of Ride High Limited for the year ended
31 December 2024. The Trustees confirm that the Annual Report and Financial Statements of the Company
comply with the current statutory requirements. the requirements of the Company's governing document and
the provisions of the Charities Statement of Recommended Practi￿ (Charities SORP (FRS102)).
OBJECTIVES AND ACTIVITIES
Summary of the Objectives of the Charity set out in its Governing Document
To act as a resource for young people aged between five and ￿entY-fiVe who are experiencing difficulties in
their daily lives by organising programmes of physical. educational and other activities as a means of:
(a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable
them to participate in society as independent, mature and responsible individuals..
(b) advancing education.
(c) providing recreational and leisure-time activity in the interest of social welfare for people living in the area
of benefil who have need by reason of povety or social and economic circumstances andlor mental health
problems arising from medical conditions with a view to improving the conditions of lrfe of such children and
young persons.
Summary of the maln activities undertaken for the public bènefit
In planning our activities for the period we kept in mind the Charity Commission's guidance on public benefit
at our Trustee Board meetings.
All children and young people IC&YP] are referred to Ride High by professionals or agencies that work with
disadvantaged C&YP who are struggling with daily life. The C&YP may be in foster care, a young carer,
grieving after the death of a family member, suicidal or self-harming, a victim of abuse or neglect, NEET (Not
in Education, Employment or Training). or living in an environment dominated by ill health, drugs or povety.
Referrals are generally made when intervention by agencies such as Milton Keynes Children and Adolescent
Mental Health Service, MK Council's social workers. special schools, primary or secondary schools are not
providing sufficient support or obtaining positive outcomes. Our goal is to effect a long-term transformation in
the lives of severely disadvantaged C&YP using horses and associated clubroom based educational activities.
The C&YP work in sm211 groups with the same teachers and volunteers each week. In this way we aim to
provide them with a safe and happy environment where they can make friends, develop self-confidence and
learn a range of social. practical and lrfe skills. We work with many of the C&YP over the medium to long term
and for those who are old enough we try to facilitate work experience pla￿MentS or routes to fvrther education.
Using horses is an effective means of connecting with C&YP. Time spent riding and caring for horses provides
them with a challenge and something to look forward lo each week. As they learn new skills their confiden
and self-esteem increases. They learn to feel calmer. to manage negative feelings and anxieties. and to feel
much happier in themselves. At Ride High we work with C&YP for between three and twelve monlhs. We
provide consistency, safety. support and friendship. We give C&YP the opportunity to engage in activities
beyond riding to help them develop their skills, confidence and aspirations for the future. By the time they leave
Ride High the vast majority are fully engaged in an active, positive life again.
We accept all disadvantaged C&YP, regardless of religion. ethnicity, gender and social or economic
background.
Further details regarding the activities, achievements and outcomes of the Charity are included in the 2024
Impact Report, on pages 6-16.
Page 2

RIDE HIGH LIMITED
GROUP TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJECTIVES AND ACTIVITIES
Additional details of objectives and actlvitias
All our activities are free to the C&YP. However, all those who have attended Ride High for more than twelve
weeks are expected to contribute by helping other groups or in fundraising activities.
We have five fvll-time members of staff, three part-time members, and four part-time minibus drivers, but rely
heavily on volunteers to help the C&YP within our clubroom. The dedication and reliability of our volunteers
has a highly beneficial impact on the quality of the service we offer. Our volunteers report that they enjoy a
huge sense of achievement working with the C&YP and that they feel real "ownership and commitment to the
future success of Ride High.
We transport all C&YP be￿een their schoolslhomes and our clubroom. Without this service the C&YP would
not be able to attend as their parents do not usually have the facilities to transport them.
STRATEGIC REPORT
Financial position
The results for the period are set out in the Financial Statements. There has been an excess of expenditure
over income resulting in a net deficit for the year of £39,896.
Reserves policy
The Group's assets are a combination of restricted funds, tangible fixed assets and amounts designated for
essential future spending. The Group therefore has no reserves as such. However, one of the Charity's core
principles is a commitment to provide long-term support to those who really need it and we plan to offer
programmes of between six and twelve months, duration to the majority of C&YP who come to us. The Charity
endeavours to meet this commitment by retaining sufficient liquid resources to withstand an unexpected
shortfall in funding. Ride High's policy is to hold liquid resources equivalent to at least six months, expenditure,
excluding fundraising costs, so that it could continue to provide a seNice in the event of unexpected financial
difficulties.
Golng concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Group has adequate
resources to continue in operational existence for a period of no less than one year from the date of signing
the Trustees. Report. For this reason they continue to adopl the going concern basis in preparing the Financial
Statements. Further details regarding the adoption of the going concern basis can be found in the Accounting
Policies.
Funds in deficit
There are no funds in deficit.
Page 3

RIDE HIGH LIMITED
GROUP TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
STRATEGIC REPORT
Financial review
Further financial revlew details
Consolidated income across the group has remained consistent with the prior year, with increased income
from the Ride High Equestrian Centre (RHEC)- our wholly owned subsidiary- offsetting a reduction in income
from Ride High.
In common with many organisations in the sector it has been a challenging financial year for Ride High with
total income down on the prior year. Our revenue streams include donations. profits from fundraising events,
income frotn suc￿Ssful granl applications. and referral income from educational institutions that connect
children and young people to our programmes, and the reduced income has been spread across several of
these sources.
As ever one highlight of the yearwas ourflagship fundraising event. the Winter Ball. which raised over£65,000.
Whilst this is an excellent outcome it was half of what we raised the previous year. This event provides an
opportunity to showcase the charity and its work as well as generating substantial returns. Additionally, our
quarterly fundraising events, including the Golf Day, have continued to perform.well, ensuring a steady flow of
income throughout the year.
Our grant income has remained similar to lasl year as we continue to 2025. we benefit from substantial grants,
most notably £125,000 from the National Lottery as part of a multi-year award, and over £54,000 from the
Henry Smith Foundation. However, the overall grant making environment has become increasingly competitive
with a substantial increase in applications to grant makers in part driven by Al technology and need as the
cost-of-living crisis deepened.
Ride High Equestrian Centre {RHEC} continues to perform well. We received a principal repayment of £75,000
with furlher repaymenls anticipated in the coming years. ensuring they remain on track for full repayment of
the initial £383,082 loan by the end of 2026. The RHEC operates as a commercial, urban equestrian centre
and provides livery, riding lessons and holiday activities for the public. In addition to providing the equine
element of the Ride High programmes, it also works directly with the local council to provide sessions for
children who are NEET or on reduced timetables. Many of these children are not eligible for the charity
programmes due to their individual needs.
As we look ahead, whilst the macroeconomic outlook remains challenging Ride High has plans in place to
remain financially robust, increasing the number of fundraising events we hold and pursuing a range of other
areas to further increase our revenue, and the Trustees are confident that we can continue to deliver on the
objectives of the charity for the year ahead.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document. a deed of trust. and constitutes a limited company, limited
by guarantee. as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The Group operates selection criteria for recruitment of Trustee Directors so as to ensure that their skills and
experience retlect the governan￿ and operational needs of the Group. Prospective Trustee Directors are
interviewed by all the existing Trustee Directors. New Trustee Directors are not appointed until satisfactory
Disclosure and Barring Service checks have been completed.
Organisational structure
The Group has a Trustee Board that meets regularly to provide leadership, strategic direction and financial
control. A sub-committee of the Trustee Board meets as necessary to manage key issues relating to the
provision of children's services al our Centre.
The Chief Executive of the Company. Ms O F Sugdon attends meetings of the Trustee Board.
Internal Controls and Mitlgation of Major Risks
The Trustee Board has an established risk management policy, and carries out regular risk identification exercises
including review by the Trustee Board of major risks and the adequacy of the systems in place to mitigate them.
Page 4

RIDE HIGH LIMITED
GROUP TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
Disabled Employees
It is the Group's policy to give employment to disabled persons wherever practicable.
Staff and Volunteers
In Ride High we have four full time members of staff, seven part-time members, three part-time minibus drivers
and around 50 volunteers to help with a range of activities and services. These include driving the C&YP to
and from the club, fundraising. clubroom sessions. administration, graphic design. website design. legal
services and maintenance.
The trading subsidiary. Pegasus for Ride High Itd, has four full time members of staff, six part time members,
and two apprentices who work in the equestrian centre.
Political and charitable donations
No charitable donations were made during the year. No contributions to political organisations were made
during the year.
TRUSTEES, RESPONSIBILITY STATEMENT
The trustees (who are also the direclors of Ride High Limited for the purposes of company law) are responsible
for preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for thal period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charity SORP.,
make judgements and estimates that are reasonable and prudenl.
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements.
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other
irregularities.
In so far as the trustees are aware..
there is no relevant audit information of which the charitable company's auditors are
unaware., and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.
Page 5

RIDE HIGH LIMITED
GROUP TRUSTEES. REPORT
FOR THEYEAR ENDED 31 DECEMBER 2024
Trustees. report, incorporating a strategic report, approved by order of the board of trustees, as the company
directors. on 29 Seplember 2025 and signed on the board's behalf by:
Mr S J Piper - Trustee
3010912025
Page 6

RIDE HIGH
Impact
Report
2024

Welcome
We are proud to present Ride High's 2024 Impact Report.
In an ever-changing and increasingly challenging environment, we
remain steadfast in our mission to transform the lives of vulnerable
young people in Milton Keynes and the surrounding areas. This year's
report hlghlights not only the continued strength and impact of our
work but also the exciting steps we are taking to extend our reach.
Despite the pressures faced by the sector, we have maintained our
high standards and delivered lasting change for the children we
support. Our outcomes data, combined with feedback from our
members, their families, and our referral partners, continues to
demonstrate the positive influence Ride High has on building
confidence, resilience, and improving the mental health and wellbeing
of our beneficiaries.
Established in
2009
We've supported
2,380+
children in total
In 2024, we exceeded the expanded capacity achieved in 2023,
reaching 379 children in need. Our team remains stronger and more
resilient, having adapted to the increased demand with dedication and
care. We have also continued to deepen our partnerships with local
businesses and organisations, ensuring that our presence and impact
are felt throughout the community.
What's more, we are now on the cusp of an exciting new chapter.
Building on the confldence shown in our model by both local and
national partners, we are preparing to establish a new site in the north
western region of the country. This particular expansion will allow us to
bring the Ride High programme to even more children. Even more
exciting is that this is Just one of two potential new sites planned for
the next three yearsl
As we look back on another year of remarkable achievements, we also
look for¥vard with optimism and ambition. We are deeply grateful to all
those who have supported us on this journey
our partners, funders,
volunteers, and the entire Ride High community, Your continued belief
in our mission is what makes this progress possible.
We invite you to join us as we take these exciting next steps. Together.
we can continue to make a lasting difference in the lives of vulnerable
children.
441
We hope you enjoy reading our 2024 Impact Report.
Winner of
'Outstanding Local Charit
Olivia Sugdon
CEO
Phil Zeidler
Chair of Trustees

Vital Signs in MK
From waiting to wellbeing
32/
of children in MK are
living in poverty
Milton Keynes is a vibrant and growing city, and we are proud to play an
important role in supporting its young people. However, the challenges
faced by vulnerable children and families continue to rise. Increasing
numbers of young people are struggling with poor mental health
triggered by a variety of causes including poverty, trauma, abuse and
neglect.
Unfortunately, demand for mental health servlces far exceeds capacity,
leaving many children waiting too long for the support they desperately
need. At the time of writing, Ride High has over 150 children on its
waiting list. Our aim is to bring these children into the programme within
three to six months, ensuring they receive the stability and support they
need before their challenges escalate.
By offering early intervention, Ride High helps to plug this critical
serrfice gap. Our work not only supports children through a difficult
period but also reduces the likelihood of their problems worsening over
time - alleviating pressure on already overstretched services like
CAMHS (Child and Adolescent Mental Health Services), both now and in
the future.
25/
of pupils aged 11-16 said
they had a mental health
problem
26/
of secondary school
students missed 10Yo of
school in 2023
Anxiety
is the biggest reason
for low attendance
The average wait for
an assessment from
CAMHS is
20 weeks
Our programme goes beyond emotional and mental wellbeing by
promoting physical activity and encouraging a healthy lifestyle. Time
spent outdoors wlth horses provides children with a unique opportunity
to connect with nature, build positive relationships, and develop
essential life skills.
and for a follow-up is
27weeks
The transformations we witness are truly inspiring. By intervening early
and addressing multiple challenges at once, we empower young
people to grow in confidence, resilience, and self-worth, glving them
the best possible chance of a brighter future.
50%+
of pupils aged 11-16
are not active for the
recommended 60
minutes a day
Expansion on the horizon
wital Signs Report 2024 & 2025.
MK Community Foundation.
Ride High has a proven track record of transforming young lives. Our
continued success has led to growing demand, with increased referrals
from medical professionals, social services. and schools, alongside
long-term grants from major funders such as the National Lottery. the
Henry Smith Foundation and Children in Need.
To meet this rising need, our Trustees are committed to expanding our
services to reach more vulnerable children. W6 are excited to be
developing a new site in the north west region of the country, with
plans for a potential third site closer to home.

"I have loved coming to Ride High. I￿e made so many friends and I feel
more confident and I feel important. These things make me very happy".
Rtde High Member.
Impact
3% Other
11/
Ilv8d In the
.Cop 10% most
deprived areas
31%
Ethnically
er8e
rou
36%
Male
61%
Female
31/
Lived in the
top 30% most
deprived area8
19%
14+ yrs
21%
5-7 yrs
379
30°/4
Qualhled for
Frae School
Meals
25%
11-13 yrs
35%
8-10 yrs
yO￿g people
Dld you kno
All children are referred to Rlde High by
professionals.
56% are referred indlvidually, but school8 and
agencies also refer groups of children they
Identify as n8eding additional supporL
Reasons for referral
77% Family situation
69% Social isolation
Self harm
Bullying
Low school
attendance
Domestic abuse
Suicide attempts
& thoughts
Referra18 wore
received from
13
40%
40%W
53
Schools
took part in our
Schools Programme
65/
agencles
have
Mental Health
Challenges... and several other mountains to overcome.
14-year%)Id Layla struggled with extreme anxiety and
OCD, which worsened during COVID. Her fear of
contamination led to excessive washing, avoiding
touch, and refusing food, causing her to withdraw
from school and become very isolated.
Despite these challeng8s, Layla found comfort in her
love of animals, with her pets helping to manage her
anxiety. After months of waiting for mental health
support, Layla was referred to Ride High. Attending
took immense courage, but it enabled her to rebuild
her confidence and begin her journey toward healing.
-We've seen Layla flourish since she's been here. She
was lonely and frightened and in a really d8rk place.
Now each week she Gomes out of Ride High having
learnt a new skilL hawng overcome a new challenge
and gaining a new friend. The support from the team
has been instrumental in her thriving and it's like she's
come alive again. Ride High has given Layla her life
back" Layts's mum.
Layla

Outcomes
In January we launched a
I twtryear partnership with
I MK-based mental health
service Arthur Ellis.
Attendance
99/
89/
of members
achieved the
Rlde High
Award
i After starting at Ride High
we often find children want
to opeTrup about their
challenges. This partnership
allows us to provide
additional wellbeing and
resilience support to our
members at a time that is
right for them.
This 4$ exceptional
given that many of our
members are not in
full time education.
270
Children
participated in
addltional
actlvltles
74/
Attained a
Positive
destlnation
on leaving
Ride High
"l enjoy being with the horses and riding has really helped my confidence. tt
makes me happy and I have achieved so much. I was struggling with my
mental health, but now I'm doing much better. I'm even enjoying school
now. It's made me a betterperson." Ride Hlah MeM￿r.
61
Engaged In I
su
ltie8
Indlvldual I
onlln6
counselllng I
,¥esslons I
Look
forward to
coming to
Ride High
Have
friends at
Ride High
Feel they can
talk to staff
about their
troubles
Arthur Ellis
Like many teenagers, Andy's mental health declined
during COVID, and by the time her GCSES came
around, she was really struggling. With school
attendance at just 27%. and despite receiving therapy.
her mental health continued to deteriorate. At just 15.
Andy made a second attempt on her life.
After being referred to Ride High by CAMHS, Andy
joined a 12-week programme. From her first day, she
bonded with Smartie, one of our ponies, finding
comfort in whispering her worries to him. Over the
weeks, Andy's time with Smartie, support from tha
team, and connection with other group members
brought a positive shift. She transformed into a
confident, vibrant young person - a stark contrast to
the Andy who first arrived.
Since leaving Rid8 High, Andy has thrived and is
studying at equine college. Andy courageously
shared her story with over 200 guests at the Ride
High Ball, receiving a standing ovation for her inspiring
story.
Andy .

Outcomes
Emotlonal
Re8lUence
At Ride High, we carefully track the progress of the
children we support using a variety of methods,
including our Wellbeing Measure. This tool helps
members reflect on'their achievements while allowing
us to identify areas where they need the most support.
Progress is monitored regularly, with a focus on six
key areas - often, self-esteem, confidence, and
emotional resilience emerge as the most common
areas where our members need support.
Our data consistently shows that children with the
greatest needs make the most significant progress,
and younger members often benefit the most.
mmunlcatl
ontrfbutlo
Wellbeing
Measure
confldenc
Self-awarene88
& contr
ReEatlon8hlpi, ,
Mlxed groups
School groups
99/
100/
Made progress In one
or more of their
target areas
Made progress in one
or more of their
target areas
Where children made the most progress
79Y.
Communlcation
67Y.
74/
Self-e8teem
and confidence
68%
Relatlonshlps
69/.
1•73%1
Self-awareness & control
69'A
75%
Conlributlon
Emotlonal resllience
77Y.
Level of progress achieved by those with the highest need
The two highlighted areas are the foundation upon which all others are built.
87/
82/
Made
exceltent or
good progress
Self-esteom & confidenee
Made
excellent or
good progress
93/
94/
Made
excellent or
good progress
Emotional resilience
Made
excellent or
good progress

When 16-year-old Cameron first joined Ride High, he
was extremely anxious. Living with Autism Spectrum
Condition, anxiety, and a moderate learning disability,
he worried no one would like him - and wasn't sure
he'd be able to get on a horse. But from his very first
session, Cameron surprised himself. and his
confidence steadily grew.
Through the clubroom sessions he began to share his
thoughts and make friends, showing incredible
kindness to everyone around him. Riding didn't come
easily at first. but with encouragement, Cameron
mastered rising trot- and soon he was able to trot
independently, beaming with pride.
Cameron's journey at Ride High was transformationaL
He overcame his self-doubt, built strong friendships,
and developed a belief in himself that he hadn't felt
before. As he said with a huge smile, "They really do
like me." His mum told us: "I can't thank you ￿OUgh
you've changed Cameron's life, and he will cherish his
time at Rid8 High forever."
Cameron
When Rosie was bullied at school, she became
anxious and started to question her self-worth. With
nowhere to turn for suppo¢ Rosie felt let down and
isolated. Her mental health was suffering and after a
visit to A&E where she couldn't even be seen, her
family felt helpless. Then, someone mentioned Ride
High-and ev8rything changed.
From the moment she found out she had a place, Rosie
had something to look forward to. Meeting Mark and
the team, who instantly understood and connected
with her, gave her a Sense of belonging, and she was
able to build new friendships. The horses, especially
her favourite Norbert, project work in the clubroom, and
the consistent routine of her weekly visit helped her to
thrive. Rosie never missed a session
even when
unwell - and always returned home with lots of
stories to share.
Rosie
Ride High gave Rosie confidence, stability, and joy and
had a profound impact on her whole family. "After such
a difficult time, we can't thank you enough for
everything you have done", mum and dad said. °It's
been life changing".
"At Priory Common School, we have been privileged to
work with Ride High for the past three years, providing
our vulnersble pupils with unique experiences in riding
and working with horses. These sessions have
significantly contributed to ourpupils, resiliance and
self-confidence, perfectly aligning with our school
motto.. We take Pride, w8 Cara, we are Successful., The
Ride High staff are exceptional, consistently adapting to
the individual needs of each pupil. ensuring that every
child benefits from this enriching experience."
Gill Cash, H6ad of Priory Common School.

Our people
40/
Our volunteers
Have been
volunteering for
Our incredible volunteers are an essential part of the Ride High
family. Week after week, they provide support to our members
during their riding and clubroom sessions, off ering a friendLy and
trustworthy presence that helps children feel safe, valued, and
encouraged.
The impact of our volunteers goes beyond their time and
commitment- they create a positive and nurturing environment
where children can thrive. In return, many of our volunteers describe
their experience at Ride High as deeply rewarding, knowing they are
playing a vital role in transforming young lives.
Our volunteers are truly at the heart of everything we do. Their
dedication and compassion make it possible for us to continue
delivering life-changing support to the children who need it rnost.
li
V0kn￿teers donated
over
96/
3,000
say it su
their mentsT
health
& wellbeing
hours in 2024
How volunteers benefit from
volunteering at Ride Hlgh
'The main highlights for me come
at random moments when I see
particular young people
developing in Gonfidence or
altering their attitudes and
behaviours in a more positlV8 way.
I benefit personally by getting a
real sense of achievement from
the responses of the young
people and the staff. The team
could not be more welcoming and
friendly." Sue. Rlde High Volunteer.
Give back to the
community
92% Make a difference to
young lives
Meet new people
56%W
44%M
Develop new skills
Grow in confidence
and self-esteem
Our team
We are incredibly proud to have a friendly, compassionate, and
highly skilled team at the heart of Ride High. Their unwaivering
dedication ensures that we continue to support the children with the
highest needs in our community.
In 2024, we were especially delighted to celebrate a remarkable
milestone- Hannah, our Children's Manager, marked 10 years with
Ride High. Her dedication and passion over the past decade have
made a lasting impact on countless young lives, and we are so
grateful for her continued commitment to our mission.
Together, our team remains the driving force behind everything we
do, ensuring that Ride High continues to make a real differance in
the lives of vulnerable children.

Our supporters
"At cran$￿ck it is our aim to raise
the living standards across our local
ommunity through various charitable I
and social ventures. Since late 2023 1
we have grown our partnership with
Ride High in various ways from
I providing funds through our Sports
Grant to purchase new helmets for
school holiday camps, to sponsoring. I
supportlng and participating in
fundraising events.
Ourposition as one of the ufs
largest food manufacturers has also
allowed us to work with Ride High's
younger members to expand the
children's understanding of a healthy I
and balanced diet, while having some I
I fun at the same time! We're
extremely proud to support Ride High
and we look forward to expanding
our partnership in the future."
We are incredibly grateful for the continu8d support from
businesses and organisations across Milton Keynes, whose
passion for transforming young lives mirrors our own. Our corporate
partners go beyond financial contributions, offering their time.
expertise. and resources to create meaningful and lasting impact.
In 2024, Ride High hosted several Corporate Social Responsibility
days, welcoming teams from Santander, Aggregate Industries UK.
SIS. BSI. and Pragmatiq to name a few. These teams took on
various projects to help maintain and improve our site, ensuring a
safe and pleasant environment for our members. Other
organisations including Pluxee enabled their employees to use
their volunteer days over a 12-week period. providing consistent
weekly support to the children on our programme. This regular
involvement allowed volunteers to build strong relationships with
the children and witness the positive impact of their contributions
firsthand.
We were also delighted to welcome Niftylift, whose team delivered
engaging STE (Science, Technology, and Engineering} projects in
our clubroom. These unique sessions sparked curiosity and
inspiration, opening our children's eyes to exciting future
possibilities.
Adam Cook
Senlor Catogory Marketing Manager
These partnerships not only enrich the experiences of our
members but also offer employees a rewarding opportunity to
make a genuine difference
and we look forward to building on
these relationships in the future.
CRANSWICK
AVAIL
AUSTINI
CARhJLEY
ford
Business
BAILEY
MK
CLIM
QUEST
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MANAGEMENT
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Funding our mission
Income
Expenditure
81p
of every £1 donated
goes directly to
charitable
activities
£651K
£736K
Our
Social value"
Grants 49.33%
Fundraising events 14.44%
,U Donations 11.88%
Rent & Investments 12.07%
Schools Programme 12.01%
other 0.27%
Direct charitable activities
(including horse sessions) 80.66%
Raising funds 18.39°
Ensuring good governance 0.94%
Improved
confldence and
S61f-esteem
£278,559
* We've begun using the HACT Social Value Bank Methodology to help
measure the broader impact of our work. This currently reflects just two key
outcomes. Our over211 impact is far greater. but not all our outcomes currently
align with those in the HACT model. We're committed to growing our us6 of
social value reporting as part of our impact measurement.
Improved
social skills
£258,750
Grant funders
)} I%F.STfviINSTL.R'S
COMMUNITY
FUND
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Masonic
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FOUNDATION
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FOUNOATION
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Henry Smith
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The Hobson Charity
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FOUNDATION
TOYOTA

Fundraising
In 2024 fundraising events were diverse and
supported by a wlde variety of individuals and
partners. Our Diamonds Are Forever-themed Ride
High Annual Charity Ball da72led guests, while our
third Charity Golf Day at Woburn Golf Club proved
another great success. We also welcomed cyclists
back for our third Ride High CycLe Challenge and
cheered on our runners participating in the Milton
Keynes Marathon Weekend.
Beyond our own events, dedicated supporters took
on personaL challenges, including the London
Landmarks Half Marathon, to raise vital funds for Ride
High. We also launched our Gather and Graze for
Good campaign, encouraging communities to come
together in support of our cause.
We participated in Big Give match funding campaigns
for the third year running. Giving our donors the
opportunity to have their donations doubled for free.
We're incredibly grateful to everyone who
contributed whether by attending events, taking on
challenges, or donating.
gather
.graze
FOR GOOD
Fl
¢•
*ot

rtx
Ill
RIDE HIGH
www.rid high.org
01908 696169 / 07507 308943
SCAN ME
info@ridehigh.org
Ride High Equestrian Centre.
Redland Drive, Loughton, MK5 8EJ
Find us on social media via @RideHighMK
in
Ride High Registered Charity Number. 1138260

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
RIDE HIGH LIMITED
Opinion
We have audited the financial statements of Ride High Limited (the 'charitable company,) for the year ended
31 December 2024 which comprise the Ststement of Financial Activities, the Balance Sheet, the Cash Flow
Statemenl and notes to Ihe financial statements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view, seen as at the date of the original financial statements were approved. of the state
of the group and the charitable company's affairs as at 31 December 2024 and of its incoming reSoUr￿S and
application of resources, including its income and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
seen as at the date the original financial statements were approved" and
have been prepared in accordance with the requirements of the Companies Act 2006 as they have effect
under the Companies (Revision of Defective Accounts and Reports) Regulations 2008.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial
ststements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other elhical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going con￿rn basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other infomiation. The other information comprises the information
included in Ihe Annual Report, other than the financial statements and our Repori of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
In (x)nnection with our audit of the financial statements, our responsibility is to read the other infonmation
and. in doing so, consider whether the other infomation is materially inconsistent with the financial
ststements or our knowledge obtained in the audil or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. If. based on the
work we have performed. we conclude that there is a material misstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.
Page 19

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
RIDE HIGH LIMITED
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you rf. in our opinion:
the infomiation given in the trust685 Report is inconsistent in any material respect with the financial
ststements: or
the charitable company has not kept adequate accounting records,. or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the infomiation and explanations we require for our audit.
Responsibilltles of trustees
As explained more fully in the Trustees, Responsibilities Statement, the trustees (who are also the directors
of the charitable company for the purposes of company law) are responsible for the preparation of the
financial statements and for being satisfied Ihat they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial stalements that are free from
material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using
the going conc@m basis of accounting unless the trustees either intend to liquidate the charitable company or
to cease operations, or have no realistic alternative but to do so.
Page 20

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
RIDE HIGH LIMITED
Our responsibilities for the audit of the flnancial statements
W8 have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance
wilh the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstalement
when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below-.
In our process of identifying fraud risks we assessed events or conditions that indicate an incentive or
Pressu￿ to commit fraud or provide an opportunity to commit fraud ("fraud risk factors") to determine how
fraud risks are relevant to our audit. Based on the auditing standards we addressed Iwo fraud risks that were
relevant to our audit, in relation to revenue recognition and management override of controls. Based upon
our analysis of fraud risk factors, we have not identrfied any additional fraud risks.
Our audit procedures included an evaluation of the design. implementation as well as the operating
effectiveness of internal controls relevant to mitigate these risks. We also performed substantive audil
procedures. including detailed testing of joumal entries and procedures lo satisfy ourselves that revenue has
been properly recognised in the financial statements in accordance with financial reporting standards and the
charitable companls accounting policies. Through these procedures. we did not identify any material actual
or suspected incidences of fraud.
We have evaluated facts and circumstsnces in ord8r to assess laws and regulations relevant to the
charitable company. We identified areas of laws and regulations that could reasonably be expected to have
a mat8rial effect on the financial statements through discussion with the Trustees (as required by auditing
standards) and discussed with the Trustees the policies and procedures regarding compliance with laws and
regulations. We communicated identified laws and regulations throughout our team 8nd remained alert to
any indications of non-compliance throughout the audit.
The polential effect of these laws and regulations on the financial statements varies considerably.
Firstly. the charitable company is subject to laws and regulations that directly affect the financial ststements
including taxation and financial reporting (including related company legislation) and we assessed the extent
of compliance with these laws and regulations as part of our procedures on th8 related financial statement
items.
Secondly, the charitable company is subject to many other laws and regulations where the consequences of
non-compliance could have a material effect on amounts or disclosures in the financial statements for
inslance through the imposition of fines or litigation. We identified the following areas as those most likely to
have such an effect.
Employment legislation, reflecting the charitable company's workforce
Health and safety regulation, reflecting the charitable company's production, distribution and operating
processes
Data privacy, reflecting the charitable company's management of personal and corporate data
Auditing standards limit the required audit procedures to identify non-compliance with these regulations to
enquiry of the Trustees and inspection of regulatory and legal correspondence, if any. Through these
procedures we did not identify any rnaterial actual or suspected non-compliance.
Page 21

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
RIDE HIGH LIMITED
We note that our audit is not primarily designed to detect non-compliance with laws and regulations and the
Trustees are responsible for such int8rnal control as the Trustees of the Company determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to
8rrors or fraud. including compliance with laws and regulations. Additionally. owing to the inherent limitations
of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the
financial statements, even though we have properly planned and performed our audit in accordan￿ with
auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect
non-compliance with all laws and regu1alions.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our
Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's trustees. as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulalions 2008. Our audit work has been undertaken so that we might
state to the charitable company's trustees those matters we are required to state to them in an auditors,
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 charitable company and the charitable companls trustees as a body,
for our audit work, for this report, or for the opinions we have fonned.
SEJ￿ L-knl
Ad Valorem Audit SeNices Limited
Chartered Certified Accountants
& Slatutory Auditors
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN
Dated........
I02S
Page 22

RIDE HIGH LIMITED
STATEMENT OF CONSOLIDATED FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
funds
2023
Unr•stricl8d
fund
Restri¢t•d
fund
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Voluntary income
145.272
348.011
493.283
494,803
Other trading activities
Investment income
Other income
660,973
1,826
9,768
660,973
1,826
9,768
678.976
1,328
2.319
Total
817,839
348,011
1,165,850
1,177,426
EXPENDITURE ON
Raising funds
491,733
491,733
426,580
Charitable activltles
Charitable activities
Support costs
74,077
244,667
279.864
5,799
353,941
250,466
350,599
146,318
Property costs
109.606
109,606
128,298
Total
920,083
285,663
1.205.746
1,051.795
NEf INCOMEI(EXPENDITURE)
(102,744)
62.348
(39,896)
125.631
RECONCILIATION OF FUNDS
Total funds brought forward
266,033
31,020
297.053
171,422
TOTAL FUNDS CARRIED FORWARD
163.709
93.368
257,157
297,053
The notes form part of these fi'nancial statements
Page 23

RIDE HIGH LIMITED
CONSOLIDATED BALANCE SHEET
31 DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Intangible assets
Tangible assets
5,000
194.713
6,071
134,491
12
199,713
140,562
CURRENT ASSETS
Debtors: amounts falling due within one year 14
Cash at bank and in hand
97,744
241,129
137,981
252.532
338,873
390,513
CREDITORS
Amounts falling due within one year
15
(253,488) (200,036)
NET CURRENT ASSETS
85.385
190,477
TOTAL ASSETS LESS CURRENT
LIABILITIES
285,098
331.039
CREDITORS
Amounts falling due after more than one year 16
(27,941)
(33,986)
NET ASSETS
257.157
297,053
FUNDS
Unrestricted funds
Restricted funds
19
163.789
93,368
266.033
31,020
TOTAL FUNDS
257.157
297,053
The trustees acknowledge their responsibilities for
(a)
ensuring that the charilable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
(b)
These financial statements have been audited under the requirements of Section 145 of the Charities Act
2011.
The financial statements were approved by the Board of Trustees and authorised for issue on 29 September
2025. and were signed on its behalf by:
Mr S J Piper- Trustee
The notes form part of these financial statements
Page 24
continued...

RIDE HIGH LIMITED
COMPANY BALANCE SHEET
31 DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Intangible assets
Tangible assets
Investments
11
12
13
5,000
95,871
100
6,071
41,021
100
100,971
47,192
CURRENT ASSETS
Debtors: amounts falling due within one year 14
Debtors: amounts falling due after more than
one year
Cash at bank and in hand
193.766
162,450
14
108,092
193,125
208,092
171.641
494,983
542,183
CREDITORS
Amounts falling due within one year
15
(250.216) (145.788)
NET CURRENT ASSETS
244.767
396,395
TOTAL ASSETS LESS CURRENT
LIABILITIES
345,738
443,587
CREDITORS
Amounts falling due after more than one year 16
NEf ASSETS
345,738
443,587
FUNDS
Unrestricted funds
Restricted funds
19
252,370
93.368
412,567
31,020
TOTAL FUNDS
345.738
443,587
The financial statements were approved by the Board of Trustees and authorised for issue on 29 September 2025
and were signed on its behalf by:
Mr S J Piper- Trustee
The notes form part of these financial statements
Page 25

RIDE HIGH LIMITED
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating actlvltles
Cash generated from operations
Interest paid
Finance costs paid
Tax paid
21
41,637
(811)
117,290
(1.142)
1,470
33,176)
33.176
Net cash provided by operating activikn'es
74.002
84,442
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
(123,392)
41,922
1,826
(106.206)
30.423
1.328
Net cash used in.investing activities
79.644)
74.455)
Cash flows from flnanclng activitles
Loan repayments in year
5.761)
57.008)
Net cash used in financing activities
57,008)
Change in cash and Gash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of tho reporting poriod
(11,403)
(47.021)
252.532
299,553
Cash and cash equivalents at th• end
of the reportlng period
241.129
252,532
The notes form part of these financial statements
Page 26

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitsble company, which is a public benefit entity under FRS 102,
have been prepared in accordan￿ with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charilies: 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 l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Acl 2006. The financial statements
have been prepared under the historical cost convention.
BASIS OF CONSOLIDATION
The group accounts consolidale those of the charitable company and its subsidiary. The accounts of
each company in the group have been prepared to 31 December 2024. All inter-group transactions
are eliminated on consolidation.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Donated services or facilities are recognised when the company has control over the item, any
conditions associated with the donated item have been met. Ihe receipt of economic benefit from the
use of the company of the item is probable and that economic benefit can be rneasured reliably. In
accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not
recognised and refer to the Trustees, Report for more infonnation about their contribution.
On receipt. donated prof8ssional services and donat8d facilities are recognised on the basis of the
value of the gift to the company which is the amount the company 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.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenanl is
recognised when it is received.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
EXPENDITURE
Liabilities a￿ recognised as expenditure as soon as the￿ is a legal or constructive obligation
committing the charily to that expenditure. it is probable that a transfer of economic benefrts will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cosl
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Fundraising costs a￿ those incurred in seeking voluntary contributions and do not include the costs of
dissefflinating information in support of the charitable activities. Support costs are those costs incurred
directly in support of expendrture on the objects of the company and include project management
carried out at Headquarters.
Costs of generating funds are costs incurred in attracting voluntary income. and those incurred in
trading activities that raise funds.
Page 27
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES - ¢ontinuod
INTANGIBLE ASSETS
Amortisation is provided al the following annual rates in order to write off each assel over its
estimated useful life.
Computer So￿are
Evenly over 7 years
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Freehold property
Livestock
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
10% on cost
200/0 on cost
250/0 on cosl
20V/o on cost
20 % on cost
20 % on cost
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight
line basis over the period of the lease.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to
the charitable Company's pension scheme are charged to the Statement of Financial Activities in the
period to which they relate.
VOLUNTARY INCOME
2024
Total
funds
Unrestri¢tsd
funds
2023
Re$trl¢tsd
funds
Total
funds
Donations
Similar incoming resources
Grants
77,322
9.171
58.779
77.322
78,177
337,784
83,028
79.688
332.087
69,006
279,005
145.272
348,011
493,283
494.803
Page 28
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
OTHER TRADING ACTIVITIES
2024
Total
fund$
2023
Total
fund$
Unrestrlcted
funds
R￿trIcted
funds
Fundraising events
Pegasus Lessons
93.952
567,021
93.952
567.021
128.407
550,569
660,973
660.973
678.976
INVESTMENT INCOME
2024
Total
funds
2023
Total
funds
Unrestrictsd
funds
Rostrfcted
funds
Deposit account interest
1,826
1.826
1.328
CHARITABLE ACTIVITIES COSTS
Support
costs {se¢
not• 61
Dlrect
Costs
Totals
Charitable activities
Support costs
353,941
353.941
250,466
250.466
353,941
250,466
604,407
SUPPORT COSTS
Infonr+ation
t•chnology
Managemont
Financ•
Support costs
143,181
53,202
3,514
Human
r•sour¢•$
G0￿ManCe
¢osts
Totals
Support costs
5,682
44.887
250,466
NET INCOMEI(EXPENDITURE)
Net incomel(expenditura) is stated after charging/(crediting):
2024
2023
Depreciation - owned assets
Other operating leases
Surplusl(deficit) on disposal of fixed assets
Computer software amortisation
31,016
63,000
(9,768)
1,071
38,612
69.759
(2,319)
1.054
Page 29
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
AUDITORS. REMUNERATION
Included within support costs are Audit fees of £4.500 (2023- £4.500).
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneralion or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023.
TRUSTEES. EXPENSES
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
10. STAFF COSTS
2024
2023
Wages and salaries
Other pension costs
735,138
13.263
634,991
18.078
748,401
653,069
The average monthly number of employees during the year was as foll0v￿..
Staff
2024
26
2023
28
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60.000 was:
£90,001- £100,000
2024
2023
11. INTANGIBLE FIXED ASSETS
Group and Company
Computer
software
COST
At 1 January 2024 and
31 December 2024
7.500
AMORTISATION
At 1 January 2024
Charge for year
1,429
1,071
At 31 December 2024
2,500
NEf BOOK VALUE
At 31 December 2024
5,000
At 31 December 2023
6.071
Page 30
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
12. TANGIBLE FIXED ASSETS
Group
Froehold
property
Plant and
machlnery
Llvestock
COST
At 1 January 2024
Additions
Disposals
54,264
71.519
69,495
32.250
42.795)
19,933
At 31 December 2024
125,783
58.950
19.933
DEPRECIATION
At 1 January 2024
Charge for year
Eliminated on disposal
20,069
6,608
20,349
9.210
7,200
876
At 31 December 2024
26,677
18,918
8,076
NEf BOOK VALUE
At 31 December 2024
99.106
40,032
11.857
At 31 December 2023
34.195
49,146
12,733
Fixturo8
and
fittings
Motor
vehicles
Computer
equlpm•nl
Totals
COST
At 1 January 2024
Addilions
Disposals
39,088
19.623
46,935
2,978
232.693
123,392
42,795)
At 31 December 2024
58,711
46,935
2,978
313,290
DEPRECIATION
At 1 January 2024
Charge for year
Eliminated on disposal
10,819
8,523
36,787
5.799
2,978
98.202
31,016
10.641)
At 31 December 2024
19.342
42.586
2.978
118,577
NET BOOK VALUE
At 31 December 2024
39.369
4.349
194,713
At 31 December 2023
28.269
10.148
134,491
Page 31
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
12. TANGIBLE FIXED ASSETS - continued
Company
Fixtures
and
fittings
Freehold
property
Ll¥osto¢k
COST
At 1 January 2024
Additions
Disposals
5,000
36.882
71.519
At 31 De￿rnber 2024
71,519
36,882
DEPRECIATION
At 1 January 2024
Charge for year
Eliminated on disposal
250
1.000
10.759
6,120
Al 31 December 2024
NEf BOOK VALUE
At 31 De￿mber 2024
71,519
20,003
At 31 D8￿mber 2023
4,750
26,123
Motor
vehicles
Comput•r
equipmont
Total¥
COST
At 1 January 2024
Additions
Disposals
46.935
2,977
91,794
71,519
At 31 De￿mber 2024
46,935
2.977
158.313
DEPRECIATION
At 1 January 2024
Charge for year
Eliminated on disposal
36,787
5,799
2.977
50,773
12,919
At 31 December 2024
42,586
2,977
62,442
NET BOOK VALUE
At 31 December 2024
4.349
95,871
At 31 December 2023
10.148
41,021
Page 32
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
13. INVESTMENTS
Company
Shares in group
undertaking
MARKET VALUE
100
NET BOOK VALUE
At 31 December 2024
100
At 31 December 2023
100
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the
following:
P8gasusforRid8High Limited
Registered office.. Ride High Equestrian Centre, Milton Keynes, MK5 8EJ
Class of share:
Ordinary
/0 holdlng
100
2024
2023
Aggregate capital and reserves
Profit for the year
(88,481)
57,952
(146,433)
125.151
14. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2023
2024
Company
2023
2024
Trade debtors
Amounts owed by group undertakings
Other debtors
Tax
Prepayments and accrued income
32,034
43,633
33,449
16,909
118,538
26,356
21,077
93.538
36,061
18,535
33.176
42,637
29,649
24,870
21.479
97,744
137,981
193.766
162,450
Amounts falling due after more than one year..
Other debtors
108,092
208,092
Aggregate amounts
97.744
137,981
301,858
370,542
Other debtors include £108.092 due after more than one year and £100.000 due within one year from
PegasusforRideHigh Limited.
Page 33
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
15. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2023
Company
2023
2024
2024
Bank loans and overdrafts (see note 17)
Trade creditors
Social security and other taxes
VAT
Other creditors
Ac￿UalS and deferred income
5.794
103,550
13.961
1.914
3.952
124.317
5,510
21,576
14,083
5.853
5,370
147,744
122,870
9,238
1,919
2,319
113.870
28.059
10.225
6.136
4,441
96.927
253,488
200,036
250,216
145.788
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group
2023
2024
Company
2023
2024
Bank loans (see note 17)
Other loans
27,941
33,986
27,941
33,986
17. LOANS
An analysis of the maturity of loans is given below:
Group
2023
2024
Company
2023
2024
Amounts falling due within one year on
demand:
Bank loans
5,794
5.510
Amounts falling due be￿een one and
Iwo years:
Bank loans 1-2 years
5,940
6,045
Amounts falling due between two and
five years:
Bank loans 2-5 years
18,739
18,276
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 years
3,262
9,665
Page 34
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. continued
FOR THE YEAR ENDED 31 DECEMBER 2024
18. ANALYSIS OF NET ASSETS BEfwEEN FUNDS
Group
Unrestricted Restrlcted
fund
fund
2024 Total
funds
2023 Total
funds
Fixed assets
Current assets
Current liabilities
Long temi liabilities
123.845
276,259
(208.374)
27.941)
75.868
62.614
(45.114)
199.713
338.873
(253.488)
27,941)
140,562
390.513
(200,036)
33.986)
163,789
93,368
257,157
297.053
Company
Unrestricted Restricted
fund
fund
2024 Total
funds
2023 Total
funds
Fixed assets
Investments
Current assets
Current liabilities
25.003
100
432,369
205.102)
75,868
100.871
100
494.983
250.216)
47.092
100
542,183
145.788)
62.614
45,114)
252.370
93,368
345,738
443,587
19. MOVEMENT IN FUNDS
Group
Balance at 1
January 2024
Balance at 31
December
2024
Income Expenditur•
Unrestricted funds
Restricted funds
266,033
31.020
817,839
348,011
{920,083)
285.663)
163,789
93,368
Total of funds
297.053
1.165,850
1,205,746)
257.157
Company
Balance at 1
January 2024
Balance at 31
December
2024
Income Expenditure
Unrestricted fvnds
Restricted funds
412.567
31.020
314,203
348.011
(474.400)
285,663>
252.370
93,368
Total of funds
443,587
662,214
760,063)
345,738
Page 35
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
MOVEMENT IN FUNDS - continued
Analysls of movement in restrlcted funds
Balance at 31
December
2024
Balance at 1
January 2024
Income Expendlture
The Mills Equus Trust
Referral Income
Marshall Trust
The Parks Trust
D'oyly Charitable Trust
Gosling Foundation
Sir Peter O'sullevan Trust
Hays Travel Foundation
Kids Out
Masonic Grant
National Lottery Grant
Hargreaves Foundation
Henry Smith Charity
Duke of W8Stminster Foundation
20,872
8.743
30.000
67.922
9,578
1,405
5.560
10,000
15,000
3,496
9,600
5,000
122,067
2.883
55,500
10,000
{33,372)
(45.375)
17,500
31,290
9,578
1.405
(2,810)
(5,560)
10,000
15,000
{3.496)
(9.600)
(5,000)
(122.067)
(2,883)
(55,500)
10,000
31.020
348,011
285,663)
93,368
Page 36
continued...

RIDE HIGH LIMITED
NOTES TO THE FINANCIAL STATEMENTS. continued
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
MOVEMENT IN FUNDS - continued
Description. nature and purpose of restricted funds
Name of restricted fund
Descriptlon, nature and purposes of the fund
The Mills Equus Trust
To provide funding for the lease obligations at the Ride High
Equestrian C8ntre
Received from schools to fund the fixed tem group lessons
provided to them
To repair the roof at Ride High Equestrian Centre
To repair the fencing at Ride High Equestrian Centre
To provide riding lessons for students
To replace the roof at Ride High Equestrian Centre
To replace the roof at Ride High Equestrian Centre
To provide riding lessons for students
To provide riding lessons for students
To provide funding for the salary of the Development Manager
To provide riding lessons for students
To provide riding lessons for students
To provide funding for the salary of the Centre Manager
To repair the roof at Ride High Equestrian Centre
20. RELATED PARTY DISCLOSURES
Referral Income
Marshall Trust
The Parks Trust
D'oyly Charitable Trust
Gosling Foundation
Sir Peter O'sullevan Trust
Hays Travel Foundation
lQds Out
Masonic Grant
National Lottery Grant
Hargreaves Foundation
Henry Smith Charity
Duke of Westminster
Foundation
There were no related party transactions for the year ended 31 December 2024.
Page 37
continued...

RIDE HIGH LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
21. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Dep￿CiatIon charges
(Profrt}Iloss on disposal of f￿ed assets
Interest received
Interest paid
Finance costs
Decrease in debtors
Increasel(decrease) in creditors
(39,896)
125.631
32.087
(9.768)
(1.826)
811
39.666
(2,319)
<1,328)
1,142
{1,470)
26,954
70,986)
7,061
53.168
Not cash provided by operations
41.637
117,290
22. ANALYSIS OF CHANGES IN NEf FUNDS
At 111124
Cash Ilow
At 31112124
Net cash
Cash at bank and in hand
252,532
11.403)
241,129
252,532
11.403)
241.129
Debt
Debts falling due within 1 year
Debts falling due after 1 year
(5,510)
33,986
(284)
6,045
(5.794)
27,941)
39,496
5.761
33,735
Total
213.036
5,642
207.394
Page 38