REPORT OFTHE DIREcfoRS AD UNAUDrrED FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2021 FOR CADDESDEN PLACE RDA CENTRE
GADDESDEN PCE RDA CENTRE CONTENTS OF THE FIli"A%CIAL STATEME,Y15 for the l-ear EDded 31 .M8rch 2021 Page CompaTry Information Report of the Director5 lthdependent Examirttrs Report Stattmtttt of financial Activities Bal#Thc¢ Shert Ntstss to the Fin8n¢ial Ststsmtnts
GADDESDEN PLACE RDA CENTRE COMPANY IliFORNIATION for th* Year Endtd 31 M#reh 2021 DIREcfoRS.. Mts M A Keith K G¢)sen K Dabbagh C P Grant MYS A L Smilts DrSPBell ITS G A Gix)de Ms S Retd CHARITY NUMBER: 01140330 REGISTERED OFFICE: Bridens Camp Hemel Hepead Henfonlshire HP? 6EX REGISTERED Tril IIBER: 0751?961 (England and Wales) ACCOL wrxyrs: ECL Howtrd Il'atson STllith LLP Chanered .4¢counthnts ECL House Lake Str Lei£hton Buzzard Bedfordshire LL7 IRT
GADDESDEN PLACE RDA CENfRE REPORTOFTHE DIRECTORS for the l'ear Eud¢d 31 ll&rch 2021 The directors present their rep)rt with the finaTa¢ial strtements of the comp8ny for the vear ended 31 March 2041. STRUCTURE. GOVERTh AiICE AYD TrIANAGEMEliT Gaddesden Place RD.4 Centre was incorpordia4 on l Febnwy 2011 as a private mpanY. limited by guarantee. and commenced operattons on l April 2011. when it tcM)k oi'er the operalions of the previous unincorwrated charTty Gaddesden Place Riding & Driving for the Disabled. The companv souohL and received. ix)ih charitable status and the a¥reement ot RDA Natiortal to the takeoTr"er. The charitsble Company was established under a standard Memorandwn and Articles of AS)elatIOn, which are its goveming documents. and which sets oth the objectiyes of the group and the )werS of the DirectOTS. PRINCIPAL AcfivITY The object of Gaddesden Place RDA Centre is to promote the objects of the Radinq for the Disabled Association tn¢orp(rating Carriage Driving. a charrty teÈistered under Chartty" Number 244108 ("the As%Kiaiion"I by providin disabled people with the opportunitv to ride an¢Yor carriage drive to btnefrt their health and wellbeing in the local area. DIRECTORsrrRUSTEES The dir¢eiors shown below have held offÈce during the whol¢ of the wiod from l Apr¢1 2020 to 31 March 2021: Margaret Keith (Chair) Khalid Dabbagh (Holl Tttasvrer) Kareji Gosen Christopher Grant -4nn Smiles Catherine Bolshaw stepped down as director on 10 Novem[ 2020 after more than 20 years of dedicated Service. How¢v¢r. the centre is very orateful fot the fau that She has remained on as a c03ch. She began as a volunteer in the early ?IX)Os, more than 20 years ago. quickly kcoThÉng a ¢oa¢b and then a director aTound ?010. She became the Chaimian on November 201 ? after the rtsi.un#tion of TMOT Kltlls fro¥n thai role. She w&s the Chair of the Board witil early 2019 she reSied as Chair althouJ she ¢oniinued on the board until her re51onaiion on Noi'ember ?O?O. Gaddesden is extremely grdiefvl for her deAJicatrd service ovcr the yeats. Both Ashley Hodson and Paul Whitman restgned due ¢0 persona] commitrncnts. Both had WOTked hard for Gaddes&n for rnOTe than 3 years havin8 Dir&ttots in early 2018: Ashlc) in January of 2018 aTKI Paul in April 205 8. The Tru5tee51Dire¢tors meet several tirnes a year to discw fundrnising and other issues conceming the management and rnnning of the RDA Centre. The charity Colltinues w belong to the Association IRDA) and beneftts from insuramce ¢over. tratntng advice and suppon. N'ew Trustees are nomiall). recruited from our Fthl of volunteer helpe or for SId]Ist tDl¢s like Treasurer. from existing Trustees, wider netivork of &wciates. Poteniiaj Trustees are inwied io attend a Trustee Tneeting to see what we do and to have the Tnjstee role explained to thun. If tly agree to considered for a Trnstee role a vote is taken by tXLsiing TThtees. New Trustees are proyided wtth the latest onnual accounts of the Chartfi. minutes of the last three meeiings. our govem5llg document and "CC3 - The Essential TTusiee: vou need th know" from the CharÈts. ComTllis5ion website.. wMv.charitycotnmission.g¢)v.uklkNEbliCati¢)ncC3.&sp. Aloal trdiThing 15 given depending on the nature of their Ftsle and experience. Page 2
GADDESDEN PIACE RDA CEKfRE REPORT OF THE DIREcfoiL8 for tbe Yexr Etyded 31 Matth 2021 ACHIEVEMENTS AND PERFORMANCE Th¢ Trustees hove had du¢ re8ard to guidance published by the Charity Commission on publi¢ b¢nefit and the principles contained in the guidance are full) complied with. This yeAr has len completely disrupied by the pandemic. heavily impacting on the ability to provide MIM[ leve15. The stop start nature of the covid guidelin¢s only allowed for undu 300 riding sessions as Op[o to nornrdl level of 3.3(M> each year. As a charit! we remain dependeni on donions and our fiEndraising events whith support the running of our large and active group and help to subsidise the ¢osi of rides for which we make a small charge. This year it has bcen particlllarly importanc bui again limited by the pandemic guideltnes. It h&s been a fortULtous Jear in so far AS our riding fatnilies and friends have rallied around 8ivÉng us financial and mora] support throughout th¢ year. Th¢ loan of & paddock along with all necessary faeilities grewly rethiced the pony care cost Fund raising this year included our Boxing Day Eveni {£3.404k HseY Estate events (£3.4?8}, "Buy a Bale of Hay" compai8n (£6.122). Numerous other fidraiSIng activi¢i¢s duri the twelve months realised an additional £7.110. In 2019 we commenced a campaign io raise fvnds for Lmtr broader range of fa¢ilittes for our riders. includin8 the provision of a Learnin8 Centre incorporatÈn8 the Mwhonic41 Horse {MHI. Our thrgeted mpaIgn for the Learning Centre raiscd a further £89.340 for ihis proje¢t this year. As the impact of the pandemic began io impinge on our activities. the iniiial building plan5 were schled back. The curreni plon is to convert an existing feed barn io house the MH which was delivered in October 2020 and is iernporaril). hotssed in our aren8. A iimelv lesacy of £124.330 from the Esiaie of the Laie P .4 Low¢ rtceived in March in addition to a furthtt £26 of grants and donations.. the majorily of which were made towards business re¢overy from to inwme. Th¢ designated reserve polic). adopted Consisienily over the past year5 ha$ allowed the directors io eontinue to plan for the future whilst miniaining ¢onia¢t with all our rider& volunteers 8Dd h¢lptts. All necessary s&feguards hove been undertaken diiring the year. The dirertors would like thAnk all those involved in aehieving the above and ihe Twstees rtd volunieers have work¢d extremely hard to keep Ihe RDA Cenire running. It thkes a loi of commitment and tÈme and th'e are I'¢ry grdieful ¢0 all our volunteers and helpers for their dedication and sup)rt io ensure ihat our riders can still Ixnefii from what we do. In addiiion, our thank$ ar¢ extended our sthff for their hard work. continued loyalty and ¢o-opeTaiion through this testinB rim¢. FINANCIAL REVIEW All financial commitmenig have been durin8 the >'eat without havin8 to us¢ our desi8rt&ted operating reserve of £ I ?O.000. However. it is anticipated that it will be ne¢¢ss3ry to ulilise some of it during 2021-?? The level of reserves was reviewed at the last Annual General Meding. The recommendations were ¥8re¢d &nd have becn iniplci¢i1t. Th¢ r¢Yi¢w und¢rt•ken ha3 providtyj for fvnds necded to both uttd¢rtthk¢ fornY4rd plons os well a5 maintain the fabric of th¢ ¢¢ntr¢. After a prolonged c105ure it will take a year or moT¢ for ridin8 a¢tiYities to retum to previous levels as s¢hool5. individuals and volunteers timetsble other activities. Our assets need io be maintained during a period of closure and reduLYd ¢apabiliiies i.e. our ponics ha'C to b¢ fed and c4red for. and the riding school and Stables need 10 be maintained in a serviceable ¢onditton. Ponie5 could be sold but cannot then bE e85iltr replaced 8$ RDA pollie5 Wlth the righi i¢mrament. trdinin8, and ability are very ditTi¢uli io find and have becom¢ in¢reasin8 expejisive. Our sthtT are art imwrtant and int¢gral part of our operations and we ve been able to retain their %rvices with 50mc finan¢ial assistantt through the Coronavims Job Retention Scheme. The TnLSt¢es ih¢refore must Sive consideraiion io all the atM)ve and have ttviewed outgoings and financial needs for ihe foreseeable future. and in pani¢ular for the neyt financial )"¢ar. Reserve5 are reviewed and exploin¢d at every Annual General M¢etin8.
GADDESDEN PLACE RDA CENTRE REPORT OF THE DtRECTORS for the l'ear Ended 31 llarch 2021 oTHER.ERs The Directors consider Ih the company is llY compliant with Safeguardin8 le8islaiion and Fire Risk AssessmenLS requirements and is compliant wilh the GDPR l¢islation. This report has been prepHr¢d in acconlance wtth the provisions of Part 15 of the Companies Act 2006 rtlating to Sm1 companies. ON BEHALFOFTHE BOAIU): Margaret Keith- Dkrwtor Date.. Page 4
GADDESDEN PLACE RDA CEYTRE REPORT OF THE ACCOUNTANTS TO THE DIREcfoRS OF GADDESDEN PLACE RDA CEYTRE I report to the Chlty trustees on my examinati¢)n of th¢ ¥LYounts of the company for the year end 31 March 2021 which are stt out on poges 6 10 11. Respon$lbllltle5 And b1& of report As the ¢hariiy irustees of th¢ ¢ompany (and also its directors ftir the puryN)ses of company lawl you are responsible for the preparation of the accounts in accordance wtth the requirements of ih¢ Compani¢5 A¢t 20061'the 2006 Act). Having satisfied myself that the accounts of the wrnpany #re not required to be audited under Pan 16 of the 2006 Aet and are eli8ible for independent examination. I rewrt in rw of my examinaiion of your Company's a¢Lounts as carried out under seaion 145 of the Charitics Act 2011 {'the 2011 Aci.). In carying out my examination I hhve followed the Directions ¥iven by the Charity Commission under section 1451SXb) of the ?01 l Act. IDdtpeDdeD¢ e¥miDer'$ 5tstemetht I haTre Completed my examination. I confirm that no matters have come to my attention in eonnection with the exhmination giving me cause to believe thai in an). marial Yespect.. l. a¢eounting rewrds were kepi in re4)e¢t of the compgny 85 required by seuion 386 of the 20( Act; or 2. the aclounts. do noi a¢¢ord with those record& or 3. the accounts do not comply with the accounting requhrements of section 396 of the 2006 A¢t other than any requirement thai ihe a¢counts Bive a 'truc arnl fair view which is not i matter considered AS part of an independent examination: or 4. Ihe ac¢ounis have not been prepared in accordrn with the methods and principles of the Statement of Reeommended Practice for accouniing and rerK>rtin8 by Charities lapp11ble to chariiies preparin4 their ai¢oyn¢s iii accordance wilh the Finon¢ial Reporting Sthndard applic¥ble in ihe Uk and Republic of Ireland {FRS 102)1- I h4Lve no ¢oncerns and have come across no h¢r matters in Connerfion with the examination ts> which attention should be drdwn in this repon in order to enable a proper understhndin8 of ihe accounts to be reached. tcL LLE D R kerins FCCA ECL Howard Watson Smith LLP Chartered A¢counian¢s ECL I Ious Lake Street Leighion Buzzard Bedftsrdshire LU7 IRT Date.. This page d(s not forni pan of the statutory financi smements Paqe 5
GADDESDEN PIACE RDA CEiYfRE ST.&TE)I£_NT OF FIN_4NCI.4L.4CTII'ITIES (LNCLLDING LNCO)IE .IID EXPEN4DITI'RE ACCOL:YD ror the Year EBded 31 ,113 2021 31.0321 Unrestricted Fllnds 31.0121 31.03.20 Restricted Funds Totxl Fullds Total Funds Income And Endowments fro. Donations and le(Ta¢ies Other trading activitie5 Investmerrt5 144.898 95,462 240,360 18.719 1.805 18.719 1.805 21,429 1.993 Charitable activities 6.2(K) 6.200 12,482 55.28• i7) Total Income ¥4nd Eud0wmets 184.104 9).462 ?79.566 122.(H)9 Expendittsre on: Rai52ttg funds Charitable activities (noi¢ 4) Other (note 6) 166 1.827 99.407 780 90.068 780 1.488 91,556 780 Tot&1 Expendire 91,014 1.488 92,502 101014 Net Incom{Expenditllre) 93.0 93.974 187.064 19.995 Tr#ll$fe b¢twee4 fullds 47.491 {47.491) Net moveTneMS in fw)ds 140.581 46.483 187.064 19.995 RecoRcillation of Funds TOTAL FUNDS BROUGHT FORM'.4RD ?50.514 7.849 258,363 238.368 TOTAL FUNDS CARRIED FORWARD 391.095 445,427 ?58.i63 The notes f¢mn part of th&se financial stsM)¢nts Page 6
GADDESDEN PLACE RDA CEPURE IREGISTERED hlIMBEIL" 117512961) BAL.4IICE SHEET JI March 2021 31.3.21 31.3.20 Notes FIXED ASSETS TgIble assets 69.556 29.140 CURRENf ASSETS Debtors Cash at bank 6.1?8 223 875 378.916 380216 230.(X)3 CREDITORS Amounts falling du¢ within one year 10 NET CURRENT ASSETS 375.871 229.?93 TOTAL ASSETS LESS CURRENT LIABILITIES 258.363 RESERN'ES Rc5tricied income fvnd5 Unrestricted fund5 54.332 391.095 7.849 250.514 445.427 258.363 Th¢ ComnY is entitled to exemption fffjrn 4udit undtr Section 477 of the Companies Aa 2006 for the year ended 31 March2021. The members have rK>t required the MpanY io obtaith audit of its financial statements for the year ended 31 March 2021 in accordance with Sedion 476 of the CompleS Act 20)6. The dir¢¢¢ors a¢knowled8e their responsibiliiies for. la) ensurin8 ¢hai the company keeps iccouniing records whieh eompty with Section5 386 and 387 of the Companies Aci ?006 and Ib) preparing financial ststements which give a true and fair view of the State of affairs of the company &$ at the end of ¢a¢h finarhcial vear and of its SUTpIus or deficit for each financial year in AceoTdance with ihe T¢quirements of SectlOn5 .194 #nd IQS and whiLh othenvise compls wilh the requirements of t Companies Act 2006 relaling to fin&ncial statements, so far as applicable to the company. The finan¢i&l s¢a¢ement5 have been prepar¢d in accord with the provisions applIb]e to vjmpanies $ubje¢t the sm&ll companies regime. The financial atements were approyed by th¢ B0d of Directors 8nd authorised for issue W..A£•t.vJ... and were si8ned on its behalf by: MrsMA h- Direrfor The notes fom) part ofthese financial ststements Pase 7
GADDESDEN PL4CE IiDA CEP4TRE I¥OTES TO THE FIN.4NC.I.4L ST.4TE)IENTS for the l'ear Ellded 3J 2021 STATUTORY INFORMATIOP4 Gadde5den Place RDA Centre is a private company, limiied by guarant¢¢, registered in England aT Wales. Th¢ company's registered nurnber and regiMed office addrc55 (n be fwnd on the Cornpany Inforn)ation page. The presentslion ¢urrency of the financial statements ts the Pound Sterling (£). ACCOUNTING POLICIES Basis of prerIlle the st8ternents The chart. c0n5t2tu5 a public benefii entti) Is defined . FRS 102. These accounts have been prepared under the historical Convention and in accordance 1th the Sthtement of Re¢ommend¢d Practice applicable to eharities prepartn¥ their a¢¢ounts in aecordance 7th the Financial Reportinu StandaTd appli¢able to the UK and the Republic of Ireland issued 0¢ber 2020- (Charkties SORP (FKS 102) (second editionJl- the Charities Act 201 l and ihe CompaThies Act ?006. Reeogoition of income aDd expen5e5 Gtants and donations are recognised on elp( ridin8 income on the basis of lessons tsiven in the year and fundraising a¢¢ording to the date of the evart. whe the ¢harity incuts costs for fidraIsIng. the5¢ are shown separately under"'¢osts of generdiing funds" Tngtble fixed assets Tanoible assets have been acquired from Gaddesden Place R]"ding & Driving for the Di5abl¢d at net b)ok valye, wilh addiitons ai cost. DeprlatIon has been eharged by refrrence to ortgir]a] ¢ost at the following annud rates in order to wtite off each Se% over its esttmated usthl life.. Short leasehold Other equipment Ponie5 Motor Vehi¢les - over the remainin¢y term of the lease 10 23 June 2024 - varying rates from 50% to 3J% on cosi - 2/Tr on ¢ost - 20ty0 gn cost T&tk equipment Tack and equipment purch&%d is Capitalis but És aCCted for &5 expthditure as the cost is in¢urred. Fund$ Funds are designaied in ordance with the Reserves Policv w cover the runninu Costs sho]d the charity be forced to cease its operations for reasons outside its eontrol. Unrestricted fimds can be used in accordance with the charitable obje¢ts at the discretion of the TNstees. Restricted funds Can onl), be used for particular resrricted purN)ses. The Trustees moniwr and discuss the re5tri¢ted funds to ensLwe the restricted expenditure is allocated accordingly. EMPLOYEES AND DIREcfoRS The averye numbcr of employees durin8 the year wa$ 6 (2020- 5). No employee or direeior received in excess of £60,000 per annuTE] during the current or previous year. No tTUSttts were paid any exnseS during the year{?020: £nil) Page 8 continued...
GADDESDEN PLACE RDA CEPffliE NlYtES TO THE FINANCIAL sfATEMEW75- conti#ued ror the Year EDdtd 31 2021 CHARITABLE ACTIVITIES Year End&1 Yew ended 31.3.20 7,168 iO,253 2.007 3.033 8,360 1.587 2.791 413 16,648 48.769 1.888 6,297 9.i71 1,084 2.781 Stabling staff Shoeing Vets, fees Riding school runnin8 Costs Tack and equipment .4tTiliation fees and insurance Mechanical horse projett DeprtCTation of 8&se L05s on sale of fixtd assets 9.280 330 3.749 91.556 99,407 TAXATION The company L5 a regisiered ¢harity' and is exempt from wation on its incorne and capitaj gains. rHER A charge of £650 plus VAT {20?0: £650) is Tnade for the independeni examination of the ac¢ollnts. GOIP4G CONCERN The financial stsi¢men(s have been 5ryarcd on a going concern basis as the trustees belI,e that no material uneertainties exist. The trustets ha%'e considered the leiel of fi]nds held and the exprtted leN'el of income and expenditure for 12 months from the dale of aOrIsin these financial ststements. The buduet¢d in¢ome and expenditure is suffJ¢ient wlth the lth'el of reseEves for the charity. to be able io mitinu¢ as a going conrem. TA)GIBLE FIXED ASSETS Short leasehold Oth¢r equipment Motor vehicles P¢)nies Tothis COST .4t l April 20?0 -4ddtiions Disposals 12.163 77.175 56J61 13.( 6,785 109,123 56.361 4,000 5.000 At 31 Mar¢h 2021 12.163 133.536 6.785 160,484 DEPRECI.4TIO At 1 .4pril ?O?O Char8e for year ElIMied on diS>SaI .4?4 936 60,1 9,15? 7.290 750 4,070 l.i57 79.98) At 31 March 2021 9.)60 69.i51 6.790 90.928 ET BOOK I.'ALUE .4131 March ?O?I 64.185 1,358 69.)56 .4131 March 2020 i.7)9 16.976 i.710 ?9.140 Paqe 9 ¢OD¢inued...
GADDESDEN PLACE RDA CENTRE OTES TO THE FIP.4.%CIAL ST.4TEMENTS - coMtinu¢41 for the l'ear End¢d 31 .Ilarch 2021 TANGIBLE FIXED ASSETS- cotttioed The R5dirtg School and Gallery are based on a prorkrty leased at a pq)percorn rent for a rKriod of ?1 year5 to 23 June 2024. DEBTORS: AMOUNTS FALLING DUE WITH O.YE YEAR 31.i.21 Other debtOTS l.iOO 6.128 10. CREDITORS: AMOUNTS FALLlTr4G DUE WITHIN OI¥E YEAR 31.320 Trade crtditors her creditors 4.345 780 4.345 780 MOVEMENT OF FUNDS Balance April ?O?O Income ExpenditLW¢ Transfers Balance 31 March 2021 Lnrestricted fijnds General res¢rve tksignated Reserve Boylter ReseTh'e Root. Repair Fund Mechanical Horse Pony Purchase Capital Equipmtnt Replacetnenl 77.514 120.000 8.000 15.0 30.0 184.104 (91.014) (9? 711) 77,893 120.000 8.000 100,000 48.202 I iO(K) 25.0 85.0 18,202 12.0(Kl ?5.O¢KI RtrICted fitnd5 Mechanical Hor5e- Grants Hay Bales 7,849 89440 (4131 147.4911 49.28$ 6.122 (1.075) 5,047 •58.36j 279.566 9? 5021 Included in restricted funds for the specified use of contributints towards the mechanical hors¢ ar¢ gTants received from Sir Peter O-sullevan Tmst of £b.820. Spgrts England of £IO.000 and SEIB Insurance Brokers of £5,000. Other large gryants received during the Year tnclude £5.(KKI froTn London Lutw Airport Limited ILLALI as a ridino subsid),. £5.0 frotn Hert5 K'allos ClinEcal Commissioning Group IHVCCG) io help with the charity's restart followittg the COVID 19 1(Kkdown aT]d (1)0 fmm Childwick Trust to IK used for any purpk)se. Page 10 continued..
GADDESDEN PLACE RDA CETrTrE NOTES TO THE FINANCIAL STATEMENTS- contillued ror the Year Ebded 31 ,%19h 2021 12. ANALYSIS OF FUNDS Yu¢d Assets DeornI (Crllor5) Bank Fund B318nc¢s Unrestricted funds .4cLumulate(I fund Desienaied Reserve Boulter Reser%e Roof Repair Furhd Mechanical Horse Pony Purchase Capiial Equipment Replacement 69.556 (3.0451 11.3 120.0(K) 77,893 120.000 8,000 loo,)0 48.202 12.000 25.0(K) 100,oix) 48.202 110(KJ 25.0(K) Restricted M¢chanical Horse- Grdnts & donions Hay Bales 49.285 5.047 49,285 5.047 As at 31 March 2021 i78.916 445.4?7 AJEalysis of funds prtvious year Fixed Assets Debtorsl Icrdiiors) Bank Fund Balances Unrestri¢t¢d funds Accumulated fund Designated Reserve Boulter R¢'e Roof Repair Reserve Mechanitral H()Tse 29.140 5.348 43,0?6 120.000 8.000 15.000 30.0( 77.514 O.(K>O 8.000 15.000 JO.000 RTrIcted ndS Mechanical HoT5e- Grants & Donations 7,849 7.849 As at 31 March 2020 ?9.140 ?23.875 ?58 363 13. RELATED PARTY TW4SACTIONS During the year the uiwees made unconditional don•ions totalling £?40 to the ¢harit) {fjo_.. £4651. There were no other related party transathions requirinq disclosure. 14. POST BALANCE SHEET EVENTS Despite the ongoing effects of the Coi'id-19 pandemic coT]tinutng after the )'ear eniL the charity has continued with lis operations alld its fsnan¢ial position has remained strong. Patt li