**Charity registration number 1141360 (England and Wales) Company registration number 07523120**
**RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mrs A Barlow MBE||
|---|---|---|
||Mrs C M Towers||
||Mrs S Taylor||
||Ms V Griffiths||
||Mrs K Stubbs||
||Mrs J Stevens||
||Mrs S Scott|(Appointed 16 April 2024)|
||Mrs S Amey|(Appointed 16 April 2024)|
|**Charity number (England and Wales)**|1141360||
|**Company number**|07523120||
|**Registered office**|Grove House||
||Station Road||
||Grove||
||Wantage||
||Oxfordshire||
||OX12 7PF||
|**Independent examiner**|Chapman Worth Limited||
||2 The Old Estate Yard||
||High Street||
||East Hendred||
||Wantage||
||Oxfordshire||
||OX12 8JY||
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Statement of financial position|7|
|Notes to the financial statements|8 - 16|
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: 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)” (as amended for accounting periods commencing from 1 January 2016).
## **Objectives and activities**
The charity's objects are to provide horse riding activities for disabled people from its present premises and to continue to raise funds in support of those activities. The policies adopted in furtherance of these objects are to continue to have the support of both paid staff and volunteer helpers and there has been no change in these during the year.
## **Public Benefit Statement**
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake.
During the year, Riding for Disabled Association Abingdon Ltd has carried out its duty with regard to the objectives of the charity and to public benefit.
## **Achievements and performance**
The period from April 2024 to March 2025 saw Abingdon RDA go through a lot of changes, with a new Chairman and three new Trustees joining the Board.
On the coaching side, three coaches left to go and start their own group, however two of our volunteers qualified as coaches and we have two more in training. This gives us 14 qualified coaches and 2 trainee coaches, covering 18 riding sessions per week, over 6 days.
We started the year with 18 ponies, but due to health issues with some, who we have had to say goodbye to and the re homing of others, we now have 12.
The annual food fair was held in April, followed by the plant fair in May, both of which raise significant funds for us. One of our major fundraisers, the Annual Sponsored Ride at Blenheim Palace in September, unfortunately had to be cancelled due to torrential rain, making the course unsafe.
The Summer saw a group of volunteers and parents come together to form a fundraising/ events team. The first event was a treasure hunt in October, which was enjoyed by many, as they drove around the local villages looking for clues, returning to the yard for tea and cakes, which went down very well. A ‘Thank you’ / social for our volunteers took place in December and despite very windy conditions, was well attended and enjoyed by all. The mulled wine and mince pies with music from a local Ukulele group and games for both adults and children kept everyone entertained. The annual Children’s Christmas Party also took place in December, providing lots of fun for the children and a special visit from Father Christmas.
- 1 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The Ukulele group made us their charity of the year and made a financial contribution as well as playing at our Christmas event and providing the music for a musical ride.
We lost a member of staff in August, but she was replaced in September by a new staff member, who has fitted in seamlessly to the running of the yard.
2025 is our 50th Anniversary and we are selling raffle tickets throughout the year for this. To commemorate this milestone, another book has been published, Pony Tales 2, the proceeds of which come to Abingdon RDA.
We currently have around 70 riders per week and over the summer holidays we held our weekly pony days, with children and volunteers coming together from the various groups for a fun morning of riding, grooming, games and a picnic. These mornings are very popular.
We also held our Fun Day in September, which is very competitive with rosettes for everyone.
Throughout the year, we have had various companies bring along their staff members on “Volunteer Days”, where they have carried out roles such as planting hedges & trees, strimming grass, constructing and painting fences, etc. This help has been greatly appreciated.
We will hopefully be sending some of our riders to the Regional Qualifiers this year and we are looking forward to our 50th Anniversary Celebration in June.
Our appreciation goes out to all of our volunteers who provide their time so generously.
Karen Stubbs, Group Chairman
- 2 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Financial review**
Unrestricted donations have decreased from £83,180 to £52,323 and there have been £2,500 of restricted donations during the course of the year.
None of our unrestricted funds have been designated for a specific purpose. Our reserves policy is to maintain readily available funds at a level equivalent to eighteen months expenditure. Readily available funds this year exceed this amount by £238,029.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
- 3 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Structure, governance and management**
The charity is also a company limited by guarantee. The governing documents are the Memorandum and Articles of Association, dated February 2011.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mrs A Barlow MBE Mrs C M Towers Mrs S Taylor Ms V Griffiths Mrs K Stubbs Mrs J Stevens Mrs S Scott (Appointed 16 April 2024) Mrs S Amey (Appointed 16 April 2024)
Appointment of new trustees is based on knowledge and suitability, and confirmed at special or annual general meetings.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
..............................
**Mrs K Stubbs** Group chairman Dated: .........................23rd September 2025
- 4 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
I report on the financial statements of the charity for the year ended 31 March 2025, which are set out on pages 6 to 16.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees, who are also the directors of Riding for Disabled Association Abingdon Limited for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- (i) examine the financial statements under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- (ii) to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities;
- have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
A Chapman FCA Chapman Worth Limited 2 The Old Estate Yard High Street East Hendred Wantage Oxfordshire OX12 8JY
Dated: .........................
- 5 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
49,823
2,500
Charitable activities
**4**
61,918
-
Other trading activities
**5**
22,159
-
Investments
**6**
2,203
-
**Total income**
136,103
2,500
**Expenditure on:**
Raising funds
**7**
1,507
-
Charitable activities
**8**
133,570
4,500
Other expenditure
**12**
6,400
-
**Total expenditure**
141,477
4,500
**Net expenditure and**
**movement in funds**
(5,374)
(2,000)
**Reconciliation of funds:**
Fund balances at 1 April 2024
455,619
2,000
**Fund balances at 31 March**
**2025**
450,245
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
52,323
83,180
-
61,918
48,049
-
22,159
13,810
-
2,203
2,208
-
138,603
147,247
-
1,507
1,437
-
138,070
158,526
-
6,400
45,666
-
145,977
205,629
-
(7,374)
(58,382)
-
457,619
514,001
2,000
450,245
455,619
2,000|**Total**
**2024**
**£**
83,180
48,049
13,810
2,208
147,247
1,437
158,526
45,666
205,629
(58,382)
516,001
457,619|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **STATEMENT OF FINANCIAL POSITION**
## _**AS AT 31 MARCH 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**14**
**Current assets**
Debtors
**15**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**17**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**18**
Unrestricted funds
**19**|**2025**
**£**
329
86,058
86,387
(15,136)|**£**
378,994
71,251
450,245
-
450,245
450,245|**2024**
**£**
5,188
80,990
86,178
(23,337)|**£**
394,778
62,841|
|---|---|---|---|---|
|||||457,619|
|||||2,000
455,619|
|||||457,619|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on .........................
.............................. Mrs K Stubbs
## **Group chairman**
Company registration number 07523120 (England and Wales)
- 7 -
**RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Riding for Disabled Association Abingdon Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Grove House, Station Road, Grove, Wantage, Oxfordshire, OX12 7PF. The registered office address is Grove House, Station Road, Grove, Wantage OX12 7PF. The company is also registered with the Charities Commission for England and Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: 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 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.3 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
**RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.4 Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to do so.
Charitable activities include expenditure associated with meeting its charitable objectives. This includes the cost of grant making, and direct provision of charitable services.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
## **1.5 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold property 2% straight line Vehicles & equipment 10% reducing balance Ponies 0% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.6 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 9 -
**RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.8 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 10 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **3 Donations and legacies**
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**2025**|**2024**|
|||**£**|**£**|**£**|**£**|
||Donations and gifts|48,555|-|48,555|41,888|
||Grants|1,268|2,500|3,768|41,292|
|||49,823|2,500|52,323|83,180|
||**For the year ended 31 March 2024**|83,180|-||83,180|
|**4**|**Income from charitable activities**|||||
||||**Unrestricted**||**Unrestricted**|
|||||**funds**|**funds**|
|||||**2025**|**2024**|
|||||**£**|**£**|
||**Riding fees**|||||
||Sale of goods|||61,918|48,049|
|**5**|**Income from other trading activities**|||||
||||**Unrestricted**||**Unrestricted**|
|||||**funds**|**funds**|
|||||**2025**|**2024**|
|||||**£**|**£**|
||Fundraising events|||22,159|13,810|
|**6**|**Income from investments**|||||
||||**Unrestricted**||**Unrestricted**|
|||||**funds**|**funds**|
|||||**2025**|**2024**|
|||||**£**|**£**|
||Interest receivable|||2,203|2,208|
- 11 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **7 Raising funds**
|**8**|**2025**
**2024**
**£**
**£**
Fundraising and publicity
Other fundraising costs
1,507
1,437
1,507
1,437
**For the year ended 31 March 2024**
Fundraising and publicity
1,437
**Expenditure on charitable activities**
**Charitable**
**activities**
**Charitable**
**activities**
**2025**
**2024**
**£**
**£**
**Direct costs**
Charitable expenditure
82,779
105,901
**Share of support and governance costs (see note 9)**
Support
53,469
51,607
Governance
1,822
1,018
138,070
158,526
**Analysis by fund**
Unrestricted funds
133,570
158,526
Restricted funds
4,500
-
138,070
158,526|
|---|---|
- 12 -
**RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **9 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Utilities
1,788
-
Insurance
4,977
-
Repairs
33,606
-
Telephone
455
-
Fuel and oil
661
-
Just giving fees
-
-
General expenses
734
-
Depreciation
11,248
-
Professional fees
-
1,822
53,469
1,822
Analysed between
Charitable activities
53,469
1,822|**2025**
**Support**
**costs**
**Governance**
**costs**
**£**
£
£
1,788
3,341
-
4,977
4,424
-
33,606
30,965
-
455
430
-
661
197
-
-
216
-
734
872
-
11,248
11,162
-
1,822
-
1,018
55,291
51,607
1,018
55,291
51,607
1,018|**2024**
£
3,341
4,424
30,965
430
197
216
872
11,162
1,018|
|---|---|---|
|||52,625|
|||52,625|
Governance cost includes amounts paid for payroll costs and disclosure services.
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year, the trustees had no reimbursed costs.
Unrestricted donations received received from trustees during the year totalled £620 (2023 Nil).
## **11 Employees**
The average monthly number of employees during the year was:
|**2025**|**2024**|
|---|---|
|**Number**|**Number**|
|5|2|
There were no employees whose annual remuneration was more than £60,000.
## **12 Other expenditure**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Net loss on disposal of tangible fixed assets|6,400|45,666|
- 13 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **14 Tangible fixed assets**
|**Leasehold**
**property**
**Vehicles &**
**equipment**
**£**
**£**
**Cost**
At 1 April 2024
381,752
44,402
Additions
-
864
Disposals
-
-
At 31 March 2025
381,752
45,266
**Depreciation and impairment**
At 1 April 2024
38,942
19,434
Depreciation charged in the year
7,635
3,613
At 31 March 2025
46,577
23,047
**Carrying amount**
At 31 March 2025
335,175
22,219
At 31 March 2024
342,810
24,968
**15**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**16**
**Loans and overdrafts**
Other loans
Payable within one year||**Ponies**
**£**
27,000
1,000
(6,400)
21,600
-
-
-
21,600
27,000
**2025**
**£**
329
-
329
**2025**
**£**
5,000
5,000|**Total**
**£**
453,154
1,864
(6,400)
448,618
58,376
11,248
69,624
378,994
394,778
**2024**
**£**
3,816
1,372
5,188
**2024**
**£**
10,000
10,000|
|---|---|---|---|
|||||
|||||
|||||
- 14 -
## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **17 Creditors: amounts falling due within one year**
|Borrowings
Other taxation and social security
Trade creditors|**2025**
**£**
5,000
973
9,163
15,136|**2024**
**£**
10,000
1,411
11,926|
|---|---|---|
|||23,337|
## **18 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||||**Movement**||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|
||||**in funds**||||||
|||**Balance at**|**Incoming**|**Balance at**|**Incoming**|**Resources**||**Balance at**|
||**1**|**April 2023**|**resources**|**1 April 2024**|**resources**|**expended**|**31**|**March 2025**|
|||**£**|**£**|**£**|**£**|**£**||**£**|
|Arena repairs||2,000|-|2,000|2,500|(4,500)||-|
## **19 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
|---|---|---|---|---|
||**2024**|**resources**|**expended**|**2025**|
||**£**|**£**|**£**|**£**|
|General funds|455,619|136,103|(141,477)|450,245|
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
||**2023**|**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|General funds|514,001|147,247|(205,629)|455,619|
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## **RIDING FOR DISABLED ASSOCIATION ABINGDON LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **20 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 March 2025:**
Tangible assets
378,994
-
Current assets/(liabilities)
71,251
-
450,245
-
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Tangible assets
394,778
-
Current assets/(liabilities)
60,841
2,000
455,619
2,000|**Total**
**2025**
**£**
378,994
71,251|
|---|---|
||450,245|
||**Total**
**2024**
**£**
394,778
62,841|
||457,619|
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