RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED to17. The tharltys knJstee8, 80 director5 of Rklbffj Ic Disaw AsoraotKsn rydon Lirnitad Iho puw•s el compgrsy kgw. are for the prtyarnkn of fin8ndal 51aternonty. Th• Iruslaés ¢SIdr that an is fiot requir•d f t urJar 8ae4¥AI t44121 of tre Ch•thsAct 20111th• 2011 A¢ll •ThJ that lthpendont •x¥nination k8 nood•d. lknrK4 rny•df the th81ity Ib rtd * ks ctynp•ny Law L8 elyblo lor indepoThknt ex8mlnation. It Is my r•woMit4htyto'. lil e¥amirn th8 finwal slalewts urthr 8•LIKJn 145 Olts 2011 A. 1111 to th• prc<edur•s in by ts crity undw sect 14515Xbl of tho 2011 N£t.' aThJ (ui) to Stat• matt•rn to my BMI• •f Ind•pthl •xIM w•wl IAY •x•rnlnakn w•8 rArrb8d e4Jt In •¢¢¢ tho genoral DirKtyg gr¥en by kn Chonty Ccfflml$•lDn. An exami1 indudes o revitrw records kepl by ihe tharty •r#J • of lh6 fnand $10t¢moftts wlh r•ttyds. 11 alw wKJdes Crffisldernts of•ny unu8Uo1 rt•m• or d0r•S In tho 8tsl•m•ntJ. aTrJ lfig •xFlon8tson• frtyn you 0$ trusth85 corthmiThJ Sny such m•tt•rs. Tho prc¢edw¢8 Undeen do mbJ8 91 the evide Ihgt r¥J1 be Nuir audrt ènd tthsequenlly n) OPInn 1$ 9en 88 10 ¥%•thtr lh• fin•ts1 Sts¢•rrv4nts pr¢Mni a In arvj fatr vw. and tho T•rt is limilod to Ind•p•nd•nt •x•mln•V• •t•l•m•nt In nnects0n my 6xamlMth)n. m rrW•r has e(¥ne to rny attention.. 181 whlth gh•s m• leasbkn t0 lo thlll in any rnoteri81 r•ipgCtts r•quhm8nl•: 111 to k••p ?cLtsJn.TrJ reovds l) #td• 386 of fv knpoth&AL120C6'. 8n¢ lo weporg finweitil 8totorwty aCrlY accLwnb"ry r•ccrts, cOY wlth tho 8co)unti requffalrnl8 of s•dlM 396 01 tho Cwnl•• Acl 2fj orhl vnlh tho m•thods aTrJ prfnl¢8 of t $1ot¢rwnt ol R8commerKl8d PrnclKe." IOunr¥3 and ReptyUThJ ty Ch•ritie5.' hove not en rNJl Ibl to thich. In rny •llenlx b• dra lo •rth o w¢p•r thjerslandlrffj of lh• fln•ftoal thtements to be reached. A Chapm8n FCA Chapmw Worth Linwt•d 2 Tha OW E$taie Ywd H*ah Street East Henéred Wan¢ago Oxlordshlre OX12 8JY t(q(Ic)ty-
| Unrestricted | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2024 | 2024 | 2424 | 2023 | 2023 | 2023 | ||
| Notes | E | s | s | € | t | f | |
| Incomefrom: | |||||||
| Donations andlegacies Charitableactivities |
2 3 |
83,180 48,049 |
83,180 48,049 |
125,424 41,557 |
1,800 | 127,224 41,557 |
|
| Othertradingactivities lnvestments |
4 5 |
13,810 2,208 |
13,810 2,208 |
21,921 670 |
21,921 670 |
||
| Total income | 147,247 | 147,247 189,572 1,800 | 191.372 | ||||
| Expenditure on: | |||||||
| Raisingfunds | 6 | 1,437 | 1,437 | 477 | 477 | ||
| Charitable activities | 7 | 158,526 | 158,526 | 129,971 | 1,800 | 131,771 | |
| Otherexpenditure | 11 | 45,666 | 45,666 | ||||
| Totalexpenditure | 205,629 | ,:t,r* | 130,448 1,800 | 132,248 | |||
| Netincome/(expenditure) movementinfunds |
and | (58,382) | (58,382)se,124 | 59,124 | |||
| Reconciliationoffunds: | |||||||
| Fund balances at1April2023 | 514,001 2,000 | 516,001 454,877 2,000 | 456,877 | ||||
| Fund balancesat 31March 2024 |
455,619 | 2,000 | 457,619 514,001 2,000 | 516,001 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Notes | t | € | € | € | ||
| Fixedassets | ||||||
| Tangibleassets | 13 | 394,778 | 433,088 | |||
| Current assets | ||||||
| Debtors | 14 | 5,188 | 1,943 | |||
| Cashatbankandin hand | 80,990 | 101,910 | ||||
| 86,178 | 103,853 | |||||
| Creditors: amountsfallingduewithin | 16 | |||||
| oneyear | (23,337) | (15,940) | ||||
| Netcurrent assets | 62,841 | 87,913 | ||||
| Totalassets lesscurrent liabilities | 457,619 | 521,001 | ||||
| Creditors: amountsfallingdueafter | ||||||
| morethanoneyear | 17 | (5,000) | ||||
| Netassetsexcludingpensionliability | 457,619 | 516,001 | ||||
| Netassets | 457,619 | 516,001 | ||||
| Thefundsofthecharity | ||||||
| Restrictedincomefunds | 18 | 2,000 | 2,000 | |||
| Unrestrictedfunds | 455,619 | 514,001 | ||||
| 457,619 | 516,001 |
| Unrestricted | Restricted | Tota! | Total | |
|---|---|---|---|---|
| funds | funds | 2024 | 2023 | |
| E | € | s | f | |
| Donations and gifts | 41,888 | 41,888 | 94,899 | |
| Grants | 41.292 | 41,292 | 32,325 | |
| 83,180 | 83,180 | 127,224 | ||
| For theyear ended31March2023 | 125,424 | 1,800 | 127,224 |
| Unrestricted | Unrestrieted | |
|---|---|---|
| funds | funds | |
| 2A24 | 2023 | |
| € | € | |
| Riding fees | ||
| Saleswithin charitable activities | 48,049 | 41,557 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| € | € | |
| Fundraising events | 13,810 | 21,921 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2423 | |
| E | € | |
| Interest receivable | 2,208 | 670 |
| Raisingfunds | |||
|---|---|---|---|
| 2024 | 2A23 | ||
| € | € | ||
| Fundraisinq andpublicitv | |||
| Otherfundraising costs | 1,437 | 477 | |
| 1,437 | 477 | ||
| Forthe year ended31March2023 | |||
| Fundraisingandpublicity | 477 | ||
| Expenditure on charitableactivities | |||
| Charitable | Charitable | ||
| activities | activities | ||
| 2024 | 2423 | ||
| € | t | ||
| Direct costs | |||
| Charitable expenditure | 105,901 | 94,966 | |
| Shareofsupportandgovernancecosts(seenote8) | |||
| Support | 51,607 | 35,620 | |
| Governance | 1,018 | 1,185 | |
| 158,526 | 131,771 | ||
| Analysisbyfund | |||
| Unrestricted funds | 158,526 | 129,971 | |
| Restrictedfunds | 1,800 | ||
| 158,s26 | 131,771 |
| Support costs | ||||||
|---|---|---|---|---|---|---|
| SupportGovernance costs costs |
2424 | SupportGovernance costs costs |
2023 | |||
| €f | € | f€ | t | |||
| Utilities | 3,341 | 3,341 | 1,480 | 1,480 | ||
| lnsurance | 4,424 | 4,424 | 7,578 | 7,578 | ||
| Repairs | 30,965 | 30,965 | 13,486 | 13,486 | ||
| Telephone | 430 | 430 | 453 | 453 | ||
| Fuelandoil | 197 | 197 | 254 | 254 | ||
| Justgivingfees | 216 | 216 | 360 | 360 | ||
| General expenses | 872 | 872 | 1,349 | 1,349 | ||
| Depreciation | 11,162 | 11,162 | 10,660 | 10,660 | ||
| Professional fees | '1,018 | 't,018 | 1,'l85 | 1,185 | ||
| 51,607 | 1,018 | 52,625 | 35,620 | 1,185 | 36,805 | |
| Analysedbetween Charitable activities |
51,607 | 1,018 | 52,625 | 35,620 | 1,185 | 36,805 |
| 2024 | 2023 |
|---|---|
| Number | Number |
| 2 | 3 |
| UnrestrictedUnrestricted | UnrestrictedUnrestricted |
|---|---|
| funds | funds |
| 2024 | 2023 |
| ff, | |
| 45,666 |
| 13 | The charityisexemptfromtaxationon itsactivitie Tangible fixed assets |
s because all its income | isapplied for | charitablepur | poses. |
|---|---|---|---|---|---|
| Leasehold | Vehicles& | Ponies | Total | ||
| property € |
equipment f, |
t | f | ||
| Cost | |||||
| At1April2023 | 381,752 | 39,382 | 59,166 | 480,300 | |
| Additions | 5,020 | 13,500 | 18,520 | ||
| Disposals | (45,666) | (45,666) | |||
| At31March2024 | 381,752 44,402 | 27,000 | 453,154 | ||
| Depreciation and impairment | |||||
| At1April2023 | 31,307 | 15,907 | 4:7,214 | ||
| Depreciation chargedinthe year | 7,635 | 3,527 | 11J62 | ||
| At31March2024 | 38,942 | 191434 |
58,376 | ||
| Carrying amount At 31March2024 |
342.U4 | 24,968 | 27,00A | 394,778 | |
| At 31March 2023 | 350,446 23,476 | 59,166 | 433,088 | ||
| 14 | Debtors | ||||
| 2024 | 2023 | ||||
| Amountsfatlingduewithinoneyear: | f, | f, | |||
| Otherdebtors | 3,816 | 1,943 | |||
| Prepayments and accrued income | 1,372 | ||||
| 5,188 | 1,943 | ||||
| 15 | Loansandoverdrafts | ||||
| 2024 | 2023 | ||||
| € | € | ||||
| Otherloans | 10,000 | 15,000 | |||
| Payable within one year | 10,000 | 10,000 | |||
| Payableafterone year | 5,000 |
| Creditors: amountsfallingduewithinoneyear | ||
|---|---|---|
| 2024 | 2023 | |
| t | f | |
| Borowings | 10,000 | 10,000 |
| Othertaxation and social security | 1,411 | 121 |
| Tradecreditors | 11,926 | 5,819 |
| :,* | 15,940 | |
| Creditors: amountsfallingdueaftermorethanoneyear | ||
| 2024 | 2023 | |
| € | € | |
| Borrowings | 5,000 |
| Movement in | funds | Movement | |||
|---|---|---|---|---|---|
| infunds | |||||
| l | Balance at April2022 € |
lncoming resources t€ |
Resources expended |
Balanceat lncomingBalanceat 1April2023resouroes31March2024 Ef,E |
|
| Newbuilding fund | 2,000 | 1,800 | (1,800) | 2,000 2,000 |
| designated funds which have been | setaside out of unrestricted fundsby thetruste |
es for specificpur |
poses. |
|---|---|---|---|
| AtIAprillncoming 2023resources tf€f, |
ResourcesAt expended |
31March 2024 |
|
| Generalfunds | 514,001 147,247(20s,629) | 455,619 | |
| Previous year: | AtIApril lncoming |
Resources At |
31March |
| General funds | 2022 € 454,877 resources € 189,572 |
expended I (,r10*) |
2023 0 1g |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | ||
| 2024 | 2024 | 2424 | |
| € | € | € | |
| At31March2024: | |||
| Tangibleassets | 394,778 | 394,778 | |
| Current assets/(tlabilitles) | 60,841 | 2,000 | 62,841 |
| 455,619 | 2,000 | 457,619 | |
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| 2423 | 2023 | 2023 | |
| t | f | t | |
| At3{March 2023: | |||
| Tangibleassets | 433,088 | 433,088 | |
| Current assets/(liabilities) | 85,913 | 2,000 | 87,913 |
| Longterm liabilities | (5,000) | (5,000) | |
| 514,001 | 2,000 | 516,001 |