REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS frM)R THE YEAR ENDED 31 MARCH 2024 FOR GADDESDEN PLACE RDA CENTRE
GADDESDEN PLACE RDA CENTRE CONTENTS OF THE FINAIYCIAL STATEMENTS for the Year F.nded 31 Marcb 2024 P4e Company Informthi Report of the Dlree¢ors Indep¢nd¢ttt Ex#mltters R¢port SttemeDt of TrIDn¢lai A¢tlvltk8 B*l•n¢¢ Sheet Note8 to the Flnandal Statements
GADDESDEN PLACE RDA CENTRE COMPANY INFORMATION for tbe Ye*r Ended 31 March 2024 DIRF.cfoRS: Mrs C Baxter S K I thiuble Mrs S Y Fagg R M Parker Ms S Reid Mrs A L Smiles CHARITY NUMBER: 01140330 REGISTERED OFFICE: Bridens Camp Hemel Fl¢mpsicad Hertfordsbire HP2 61X RF.GISTERED NUMBER: 07512961 (F.n8land and Wales) ACCOUNTAYTS: Ad Valorem Accountancy seiets Limited Chartered Certified Accountsnts ? Manor F¥rn) Court Old Wolverton Ro8d Old Wolverton Milton Keynes MK12 5NN Poge I
GADDLSDEN PLACE RDA CENTRE REPORT OF THE DIRECTORS for tbe Year EDded 31 March 21J24 The direcrS present tbeir rerx)rt with tbe fll)anciAI staiements of the eompany for the year ended 31 Matth 2024. STRUCTURE. GOVERNANCE AND MANACEI¥IENT Gaddesden Pl#¢¢ RDA Crtttr¢ was incorwir¢d on l F¢bnwy 2011 #s a PTival¢ company. limityj by guarantee, and ¢omfft¢D¢¢d op¢ratiolls on l April 2011. whcn il took over the operations of the previous unincoTpofdted clwity Gaddcsdcn Place Riding & Driving for the Disabled. The company soughL and received. both chaTitabl¢ statys and th¢ agr¢¢ment of RDA Nlltional to the tskeover. The cFlIable company was ewblish¢d urxtr a $t8ndard Memoran(knn and Articles of Association. which are its govertiing documerAts. aDd which sets out the objeLtives of the w and the powers of the Direclors. PRINCIPAL ACTIVITY The object of Gaddeth Ploee RDA Centre is to pronK)tc the objects tsf the Riding foT the Disabled Association incorporating Carriage Drivin& a clwiry re81ed under ChaTity Number 244108 {'the Association") by providing disabled people with the opportunity to rid¢ Art0r ¢orriag¢ drive to benefit their h¢alth and wellbeing in the local area. DIREcfoRsrrRUSTEES The directOTS shown below have held o(fice during the peri1 from l AFKil 2023 to 31 March 2024.. Mrs C B¥xter (S¢•) S K J Doubl¢ Mr¥SYFa R M Park¢r (HOD Trcasurcr)- appoinkd 12 Dcc¢mb¢r 2023 Ms S Reid Mrs J R Shqyard- tr8ignryl I l O£tobeT 2023 Mrs A L Smiles The following dIrects resigned after the ye•r end prior w the date of this rwL Mrs M A Keith {Chair)- resigned 29 August 20?4 K l)4bbagh (Hon Treasurer)- resIed 29 Augusi 2024 Mrs M A Keith htt8 hcen a InL8tee of the charity for over 10 Ye and K D8bba8h for over 5 years. Both hav¢ playd A pivotal role in thc su¢¢c8y of thc charity including Icading thc ¢han'ty through the rcccnt challcn8¢6 and rccovcry from the COVID pandemic. Ms S Reid h&$ been appointed Chair in pla¢¢ of Mts M A K¢ith 4$ of 29 Augu 2024. The Trusteesll)irecthrs mttt several tim&8 a year to di8cu&8 fundrnising JNI other i5$u¢s w1ng the management and running of the RDA Centre. The chgrity ¢ontinues ¢0 beknig ¢0 the A$30¢iion (RDA) and benefits from insurance coyer. training advice and support. New Trustees are nornially recrnited from our of volunteer hclptr4 or for Specialist roles like Treasurer, from exisiing Truste, widcr n¢twork of associal¢s. Potcnlial Trust¢¢s are invitrd to allend a Trustre meeting to see what we do and to have the TnL4tee rolc explained w thenL If they a8(ee to be considered for a TnLStee rolc 4 vote i8 tak¢n by existing Trlle¢s. New Trustees are provided with the late annual aeeounts of the ¢harity, minutes of the 1&st three meeting5. our governing do¢um¢TEt and "CC3 Th¢ F.&*¢niial Tru(. What you nwj to know" from thc Charity Commission w¢bsile: www.charitycommission.gov.ukjpubjicalionsl3.aSp. Additiond training is given depending on the nale of their role and experience. Page 2
GADDESDEN PLACE RDA CENTRE REPORT OF THE DtRECTOKS f•r the Year EDded 31 Marcb 2024 ACEIIEVEMENTS AND PERFORMANCE The Tnt¢¢$ hav¢ had du¢ gard to guidancc published by lh¢ Clharity Copunission on public benefit the principlbs conrain¢d in th¢ guidanc¢ are fully ¢ompla¢d with. It has y¢t agaiD bwi u ¢hall¢nging yar. due to difficulties with both lack of boyses and low $tsff numbe13. We saw a lot of change with our hor this y¢Ar. Brdmbl¢, aftcr many yeaTS of swvice with RD& r¢tir¢d the Horses Tnjst in October 2023. Four other horses suff¢r¢d h¢alth issucs which ttude them no longer suitable for RDA work. We did bow¢v¢r ye¢ som¢ we¢es¥ with SrM)t and Bill working solidly. and Tommy joining on loan in May. With limited viable RDA ponies &v#ilable. but a higb ratr of turDovff and ch¢ in the stable4 our rider income wos Challeng1 and our ver aud medi¢10n bills hig ()ur L'Lntre Manager, Louise. weni on maternity leave for one year in April 2023. Thi8 left a gap iti our op¢Nions which was filled in part by our 8rwtn% Laurn and ky st¢pping up. and Chair Margatyt taking on additional responsibility to keep the ¢eDtr¢ numing. We appreciate the incredible bard work uttd•14keD by all thrtt to ensure our borbes and riders were looked after. along with KAtie Turner who also joined the team. However. following Laura king ¢xt¢Dded leave due to a knee operation, al ITLY giving notice because she moved IKTruse. and despiie Louise's planned rdurn in April. in early 2024 the trustees made the decision that a new paid Operations Manager role would be required. The pUrlse of this role would be to m&intaiD sNKM)th ynd CfftiVc scrvice5. in particular once Mjrgarct rL'tired as Chair dnd tsM)k a slep bk frotn hartd8 on volunle¢r work at the yard in late 2024. Reernilmeni for thi8 ncw rol¢ began ill March. Throu¥h these challenges. we hAve cortl1nuj provide services ac our regular ridin¥ legson8. se56ion3 on our riding .8imulator Champion. both equinc therapy and trLippothernpy. and ica with a pony. Gaddesden achieved s<)me indirect sue¢e&q when Eden Hays won her National Comp¢tiiion on Waily, as did Judith I'aylor who is an independ¢nt rider but associ&led to Gmden. I¢ to the problems with ponies, health. we did not hold our ftormal Open Day or Sponsored Ride. However, we did hold a Compelition Day ID July. which w&$ a grt oppornIty to celebrate the achievements of many of our riders and was mueh enjoyed. General fundraising is an essential part of life ai G8ddesden Place RDA. In MAY 2023 we launched our Cotporate Sponsor Network, with a well-attended event at the yard tsIting in new regular sponsors and enwdgement of # ¢el¢brity arnba55ador Tamsin Addiwn. the Paralympic rider. Tamsin hosted a popular corporatc 5PODsor event at her yard in Au¥ubL and we saw #nother successful Golf Day at Stocks in Iktober. Other futhÈsing thi¥ Ye included lalb¢y Estate rides, polly sponsorship, calendar sales. the christm auction and Sants ¢oll¥xtioJk%. We are hug¥ly gratcfvl to all our voluntcers athd the different groups who we much time, energy and money to support us. The designated reserve policy adopted corL8iStenily over the w y¢ws has allowed the diorS to continue to plan for lhe future whilsl rnaintainirtg contath wtth OUT rideT& voluntem al helpers. All nccaw safeguards have been undertaken during the yeaT. The dire¢tors would like to thk 411 tha8e involved in hieving the above and the Trustee8 end volunteers have work¢d cxtr¢mely hard ¢0 k¢¢p th¢ RDA C¢ntr¢ numing. Ii tskes a lot of commitsneni and tim¢ and wc arc very grateful to all our volunteus and helpers for their continuiyj dedi(tion and suppirt to et]8ur¢ that our riders can still benefi¢ from what we do. In addiliow our thanks are exteo(kd to our stsff for th¢ir hard worK rA)ntinued loyalty and co- operation through these difficult time5. FINANCIAL REVIEW Through the generosiiy of doTM)r5, fwidraiser via facilities incorne a small revenue surplus (before depreciation) has been achieved. Even thouth clt&] CA¥jituTe has be¢n Teduced to a minimum we bAve had to use sorne of our savings funds. The levcl of Te5erves rcvicwed a¢ th¢ l&si Anml Genernl Meding armj thc rccomrncndations agreed have been implemented. The review undertaken has provided for ndS needed to continue our fon¥8rd plans w¢ll &8 rnaintain the fabric of the centre. Maintenance of the centre bas CODtinued ID order to pmvi(k a firni basis for the future.
GADDESDEN PIACE RDA CENTRE REPORT OF THE DIRECTOKS for ¢be Yr Ended 31 Mch 2024 The Trustees therefore have given eonsideI0tt ts) all the Above and have reviewed outgoin8s ar¥J fit¢18] needs for the foreseeable tre, and in particular for the next fittancial year. Reserv¢s are revi¢w¢d ond ¢xplaiTKd At rvcry Annual GcncTri Meeting OTHLR MAERs The Directors consider that the cotnpany is fiY con]pli8Dt with Saf¢gwding IlS14t10n Wbd Fire Risk Assessments Tequirements and RS ¢ompliatit with th¢ GDPR l¢gislaiion. This rcrA)rt bas been prepar1 in acLordance with the provisio% of Part 15 of th¢ Conwanies A¢¢ 21M)6 relating to small companie8. ON BEHALF OF THE BOARD: Ms S Reid- Director Date.. 31- Oaf lol4 Pag¢ 4
GADDESDEN PLACE RDA CENTRE REPORT OF THE AccouNfTs TO THE DIREORs OF GADDESDEN PLACE RDA CETr4TRE I r¢port to the chariiy tnjstees on my exan)inktion of the accounts of the compw for the year ended 31 March 2024 whicb are s¢t oui on pag¢s 6 11. Re$poDslbllltles and bulB of report As the clwiry tryst¢¢s of th¢ Company (and a150 its directors for th¢ PUTW)Se5 of company law) you arc r¢sponsible for tb¢ preparation of the accounts in accorda¢ with th¢ r¢quiTem¢nts of the Conwies Act 2006 {Ihe 21J)6 Ace). Having wisfied myself that the a¢counts of the company are Dot required to be 4udityJ under Part 16 of th¢ 2006 Acl and ar¢ eligible for independent examination, I rew>rt in rest1 of my examination of your companys accoullts L8 carried out under 5CCtLOD 145 of thc Charitics 2011 Cth¢ 2011 Aci). kn carytDg out my examination I have followed thc Dircction8 given by th¢ Charity c.ommission under sectioll 1495Xb) of the 2011 Act. Independent exmintr's statement I huv¥ completed my examination. I confirni that no matt¢rs have conK lo my attention in ¢OTm¢ction with the examination giving m¢ couse to b¢li¢v¢ that in any malerial respect: . accounting records were not kept in respect of the company as rwuired by tion 386 of the 2006 ACL ur 2. th¢ aLLounls du nut aLLunl with thuse records: or 3. th¢ do nol wmply with the oUntIng rwuifL'ments uf S1100 396 of the 2)0 Acl othcr thjn Ony requiremLnt ihai ihe 8LYounts give a 'In and fair view, wlu.th 15 Dol a matter consider&1 As p8rt of an indcpcndent exatninalioii: OT 4. the CoUnt hthve not en prepanyj in hLe0nlart with thc mcthods and principlL% of th¢ Ststcmenl of Recommended Pra¢ti¢e for a¢eounun8 and reporting by ¢h4riiies applicabkn to chariti&8 pr¢pBrirtg their accounts in a¢¢ord4w¢e with the FiTJancial Reporting Sthndard applicable in the UK and Rwublic of Ireland (TrRS 102). I have ¢oncern5 and have come across no other matters in CQDneKtion with the exlrninaiion to which att¢ntion should be drawn in this report in ord¢r ¢nabl¢ a pn)p¢r und¢rswiding of the accounts to be reached. D R Kcrin8 FCCA Ad Valorem Accountancy S¢rvi¢¢s Limited 2 Manor b&rni Court Old Wolverton Road Old Wolyerton Milion Keynes MK12 5NN This page do&s not fixm part of the statOry fiDaDcial statenKnts Pag¢ 5
GADDESDEN PLACE RDA CENTRE sTATEmEr OF FLYANCIAL AcfiviTILS (INCLUDING IYCOME EXPEryDITURE ACCOUNT) for the Year Ended 31 Mareh 21J24 31.03.24 31.0324 31.03.24 31.0323 Unrestrkted Restricte41 Total TotHI Funth Fvndj Funds Funds Income and Ertdowmettts from: Donations and legacics Other trading &Ciivilies Investments 52576 25530 4.808 57.879 52576 25.530 4,808 57.879 43,314 19,624 1.767 46,216 Charitabl¢ activitie8 Totsl I£•me *nd Endowmettts 140.793 140.793 110,921 ExpeDdliure on: Raising fijnds Charitable a¢tiviti¢s (note 4) Other {nule 6) 9,964 155.587 936 950 148.456 936 7.131 133.042 780 Total Expendltur¢ 159,356 7,131 166,487 134,772 Net Incomel(Expettdlture) (18.563) (7.131) (25.694) (23.851) TrAnAfen betwe¢n futtd8 Net movements in fvnds {18,563) (7,131) (25,6941 (23,851) RettsDelllatloD of Funds TOTAL FUNDS BROUGHT FORWARD 343 350 430.268 TOTAL FUNDS CARRIED FORWARD 324 787 380 723 The notes forni F•rt of th¢5e financial statemet
GADD£SDEN PLACE RDA CEIYTRE (REGISTERED NUMBLIL. 07512961) BALANCE SHEET 31 March 2024 31.324 31.3.23 Notes FIXED ASSETS Tallgibl¢ asscts 132583 162,970 CURRENT ASSETS Debtors Cash at bank 21.648 228,407 4.477 239.750 250.055 244,227 CREDITURS Amounts falling due within one year 10 780 NET CURRE1 A&SETS 248.140 TOTAL AS&>ETS LLSS CURRENT LIABILITIES 3x0 723 406.417 RESERVES R¢bifLLtLxI incom¢ fund5 Unrestrict¢d funds 55.936 324 787 63,067 343 350 406.417 The cornpany is entitled to ¢x¢mp¢ion from audit under SeLtion 477 of the Compttni¢s Act 201M for th¢ year ended 31 March 2024. The memb¢rs have nol TequiTed the con4)8ny i•taiD an aydit of its fuwicial stai¢ments for th¢ year ended 31 MaTch 2024 in accordAn¢¢ with Section 476 of the compani Act 2(#)6. The directors acknowledge their r¢spoAsibilities for. (a) ensuring that the compaoy k¢¢ps accounlin8 recoTth wbi¢h comply with Sethions 386 and 387 of the Companies Ad 2006 and (b) preparing firthncial 5tstements which 8ive a and fair view of the tste of affairs of the eompany a8 at the end of ¢a¢h finanLldl year and of its suryjlus or deficit for rach financial year in accordance with the rwuircmcnts of Sections 394 and 395 and which otherwise comply 1th the reqUireMts of the Con]pani¢5 Act 2006 rclating lo fLnan¢ia] statements, so far &% appIlb]e to the company. The financia] sw¢m¢nLs have been prepaTed in acwTdan¢¢ with the provi8ion3 4pplicable to companie5 subject to the small comp4nie5 regime. The fin ' I statements were approved by the Board of DirtOrS and authorised for i&que on .. and wer¢ $ld on its ihalf by.. Ms S Reid- DiTCCtor The notes forn) of these fiuanci21 slatements Page 7
GADDESDEN PLACE RDA CENTRE for tbe Year Ended 31 Marcb 2024 STATirroRY INFORMATION Gaddesden Pla RDA Centre is 8 Private CoMy, limi1 by guar¥ntee, Tegisrd ID England aDd W8ks. Th¢ company's r¢gist¢r¢d numlr and regisiered office address can be found on the Company ]nforniation pagc. Thepresentation Currency of the fir191 s¢atcm¢nts is thc Powjd St¢rliDg (£). ACCOUNTING POLICIFS Ba81J of prepar18 tbe fiDncial statetneots The charity constitutes a public benefit cntiry as defined by FRS 102. These accounts have been prepar under thc historical c05t convention and ID a¢¢orthc¢ with th¢ Stst¢m¢nt of Rttomtncnded Practiee applieAble to chariti> prepariD8 their accounts in accordance with the Financial Reportin8 Stsndard 8ppliGrybl¢ lo the UK and the R¢publi¢ of Ireland i&sued in (ktober 2020- (chariti SORP {FRS 102) (sec4)lld cdition)). th¢ Charitics Act 2011 and the Companies Act 2(N)6. Re¢ognltloD of ID¢om¢ expenses Granis and donaiions are recogDised on receipl riding In¢0 on th¢ basis of lessons given in the year and fundraising according to the dt of the eVL Where the charity Incu costs for fundrJisiD& th¢se we shown .qeparately under'costs of ¥ertIng fund%'-. Tnglbl¢ flxed •ssets Tangible Hs5ets' have been acquired from Gaddesd¢n Place Riding & Drivillg for the Disablcd a¢ bwk valu¢. with 4dditinn8 at cost. Deprecialion hms been Charg by reference to original w8t at Ihe following annval rates in order to write off eh usct o¥er its ¢Stimai¢d useful life.. Short leasehold Other equipment Ponies Molor Vehicles Intall8ibl¢ - ov¢r the remaining ienn of the le4se to 23 Je 2024 - varyitig rates from l Ovo 10 33°h on cost - 2(Ph on cost - 2(PA on cost -25%onco Tack and equlpment TaL,k and equipmL'nt pur¢hasal is not ¢apitslisd but is ace(>und for expenditure as th¢ cost is inTred. Funds Funds are designated in 4¢¢0rdgnce with the Reserves Poltcy cover the numiftg ¢0sts should the chority be lorced to ce&se its operations for reasons outsid¢ its ¢Ontrol. Unr¢thcd fun(L8 can be wed in accordance with Ihe ¢haritsble obj¢¢ts 4t the disctIon ofthe Tnlee5. RestrIctJ funds only be for particular restricied purp)se8. The Thtsieos monitor and diu8S the restric*d fiumls io ensu th¢ restricted expeThditure is allocated a¢cordingly. EMPLOYEES AND DIRECTORS The ¥4v¢rage number of employets during the year was 7 {21Y23- 5). No cmploy¢c or diTcctor received in excess of £60.IKM) per anDum during the (Wllt OT Ptevious year. No truste w¢re paid any expenses duTing the year (2023: £nil) Page 8
GADDESDEN PLACE RDA CEYfRE NOTES TO THE FL¥ANCIAL STATEMEf4T6- cDntioued for the Year Ellded 31 March 2024 Year Fded 3 1.3.24 Year ended 31.3.23 Stabling Stabling staff Shoeing Vets, f¢¢s Riding school runlling ¢osts Tk and tx]uipment Affiliation fees al in511fdnce Mechathical horse project Deprccialion of 95sets (Profityloss on sale of fixd assets 27.491 55,147 19.114 52,247 2.080 7.471 15,700 3,473 4,447 IJ04 25.998 1,208 9,421 18.910 1.880 4J42 23.276 13,460 155 587 TAk4TION Th¢ company is a registered cbarity and is exePt from taxaiion on its income and capital gaiL8. OTHER A charge of £780 plus VAT (2023: £650) is made for the indqtht ¢xatnination of the }unts and other operational expenses GOINC CONCERN The fjnancial statements have been prcparcd on a going concern basi5 as the twst¢¢s believe that no material uncertainties exist. The trustees have considered the level of fiNM15 held 8nd the expect level of illcome amd expeDdiiure for 12 months from the date of authoTisiug th¢s¢ fiDanciai swements. The budgeted illcome and ¢xp¢ndinJre is gjfficient with the level of r¢s¢rY¢s for the charity to be able to ctinu¢ as a going conc¢rn. TANGIBLE FIXED ASSETS Short leasehold (lthcr equipmeDt Motor vehicles P¢)rLies Totals COST At l April 223 Additions Disposa]s 12.163 223.519 6.425 49.785 33.5 17,101 286,283 12,425 75.285 25.500 At 31 March 2024 12,163 180 159 223 423 DEPRECIATJON At l April 2023 Charge for year Eliminated on dis$&1 11232 931 98.762 17271 6.550 800 6J50 6.769 4.275 123,313 23.277 Ai 31 March 2024 12.163 NET BOOK VALUE At 31 March 2024 113526 132 583 At 31 March 2023 931 124757 162 970
GADDESDEN PLACE RDA CENTRE NVTLS TO THE FLNANCIAL STATEMENTS- cfjTrtinued for the Year Ended JI March ZD24 TANGIBLE FIXED ASSETS- eontitiutd The Riding Sthor*l and Gallery are based on a ptopety leased at a peppercorn T¢nt for a p¢ri(Kl of 21 ycars to 23 J 2024. DEBTORS: AMOULYIS FALLING DbE WITHiN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debio 3.873 17,775 3,159 1,318 10. CREDITORS: AMOUNIS FALLING DUE wfTHtN ONE YEAR 31J.24 31.3.23 Other creditors 780 MOVEMEiYf OF FUNDS Balance l April 2023 Sncome Expenditure Transfers BalanLe 31 March 2024 Unrestricted funds General reserve Designaied Res¢rv¢ Boulter Reserve Roof Repair Fuud Building Works Pony Pw¢hase Capital Equiptnent Replacement 102.670 120.(KM) 7,680 IOQ,(MM) 140.793 (159.356) (48.500) 35.607 120,000 7,680 120.000 11,500 30,IJOO 20.IMM) 11,500 20,( (3,000) 10,o(M) Restricted funds Mechani¢AI Horse- Grants 63.067 (7.131) 55,936 406.417 166,48 380 723 Pag¢ 10
GADDESDEN PLACE RDA CENTRE NOTES TO THE FINANCIAL STATEMEYfs- ctsntillued for the Ye*r Elldtd 31 March 2024 12. ANALYSIS OF FUNDS Dd)tot&l {Creditors) Ballk Fund Bala[S Unrestricted fulld5 Accumulat¢d fund DesigDat¢d Rcs¢rvc Boult¢r Reserve Roof Repair Fund Buildlng W0S Pony Purchase 76,647 19.733 (60,929) 120,(KJO 7,680 120,000 11,500 30.000 35,607 120,000 7,680 120,IK)O 11.500 30.000 Restricted funds Mechanical HoTse- Grnits & donations 55.936 55.936 As at 31 March 2024 132.583 19.733 380 723 AllAtysi5 of funds previous year Fixed A&sets Debiol (Creditors) Bank Fund Balallces UDrestricted funds Accumulated fund Designated Rescrve PA)ulter Resetve Roof Repair Fund Mechallicai Horse Capitsl Equipment Replacetnent 99,3 3.697 (930) 120,000 7.680 I,000 10.000 102,670 120,000 7,680 100,000 io,o(10 Restricted funds ¢chani¢al Horse- Grants & donations Hay Bales 63,067 63.067 2.772 2.772 A8 at 31 March 2023 162.970 239 750 406,417 13. RELATED PARTY TRANSAcrioNs During the year the trvstees made unconditional donatio totalliDg £10205 to the charity (2023: £340). P4¢11