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2021-05-31-accounts

REGISTERED COMPANY NUMBER: 07650610 (England and Wales) REGISTERED CHARITY NUMBER: 1143390

Report of the Trustees and

Unaudited Financial Statements For the Year Ended 31 May 2021

for

West Norfolk Riding for the Disabled Association - The Magpie Centre

West Norfolk Riding for the Disabled Association - The Magpie Centre Contents of the Financial Statements Year Ended 31 May 2021

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Page
Trustees’ report 1 to 2
Statement of financial activities 3
Balance sheet 4
Notes to financial statements 5 to 10
Detailed Statement of Financial Activities 11
Independent examiners report 12
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West Norfolk Riding for the Disabled Association - The Magpie Centre Trustees Report Year Ended 31 May 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report with the financial statements of the charity for the year ended 31st May 2021. The trustees have adopted the provisions of 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 (FRS102).

OBJECTIVES AND AIMS

The aim of the charity is to promote the objectives of the Riding for the Disabled Association Incorporating Carriage Driving registered under charity number 244108 by providing disabled people in the West Norfolk area with the opportunity to ride and/or carriage drive to benefit their health and well-being. The charity employs a small group of staff, and relies on the continuing help of volunteers.

The trustees are aware of the need to consider that West Norfolk Riding for the Disabled - The Magpie Centre is meeting its obligation to provide public benefit. Our objective stated above shows that this is our aim, and we endeavour to accomplish this objective.

ACHIEVEMENTS AND PERFORMANCE

In accordance with our objectives all riders/carriage drivers work towards their own level of achievement. The quality of life of the riders, people of all ages with a wide spectrum of physical, autistic and learning disabilities, is improved through the tremendous physiotherapeutic value of riding, carriage driving and equine assisted therapy. Confidence, self-esteem, socialisation and communication skills are enhanced and developed.

FINANCIAL REVIEW

The net surplus for the year ended 31 May 2021 amounted to £22,654. The value of reserves held at the balance sheet date amounted to £91,730.

During this unprecedented year as a result of the global Covid-19 pandemic, riding and carriage driving revenues were significantly reduced during the fourth quarter but this was offset by the acquisition of newly available funding including the use of the governments furlough scheme. Additionally continued fundraising ensured that the Magpie Centre had sufficient funds to continue its activities. Financial support was also received via grants, personal and corporate donations.

STRUCTURE GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by gurantee, as defined by the Companies Act 2006.

West Norfolk Riding for the Disabled Association - The Magpie Centre is a company limited by guarantee governed by its Articles of Association. It is registered with the Charity Commission (no 1143390).

Page 1

West Norfolk Riding for the Disabled Association - The Magpie Centre Trustees Report Year Ended 31 May 2021

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||| |---|---| |REFERENCE AND ADMINISTRATIVE DETAILS| |Registered company number|07650610 (England and Wales)| |Registered Charity number|1143390| |Registered Office|The Magpie Centre| |Wallington Hall| |Runcton Holme| |Kings Lynn| |Norfolk| |PE33 0EP| |Trustees|J L Calvert| |R O'Grady| |A Beeston| |C Perriss|(Chair)| |P Spencer| |C Miles| |D R Bland| |Mrs E L Cooper| |P G Mckenna| |N D Olding| |J D Westrop| |Company Secretary|P Spencer|

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Approved by order of the board of trustees on …......................... and signed on its behalf by;

C Perriss Trustee

Page 2

West Norfolk Riding for the Disabled Association - The Magpie Centre Statement of Financial Activities Year Ended 31 May 2021

Notes
INCOMING RESOURCES
Charitable activites
Other trading activities
2
Donations and Legacies
Grants
Investment Income
3
COVID-19 Grants
Total Income
RESOURCES EXPENDED
Raising Funds
Charitable activities
Other
Total Expenditure
Net income/(expenditure)
Transfers between funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Fund 2021
Fund 2021
2021
£
£
£
9,060
-
9,060
3,001
-
3,001
56,638
-
56,638
78,750
19,869
98,619
7
-
7
17,449
-
17,449
164,905
19,869
184,774
680
-
680
138,117
23,323
161,440
-
-
-
138,797
23,323
162,120
26,108
(3,454)
22,654
18,957
(18,957)
-
27,868
41,208
69,076
72,933
18,797
91,730		 Total
2020
£
49,130
21,380
76,722
-
81
-
147,313
8,315
134,600
3,300
146,215
1,098
-
67,978
69,076

The statement of financial activities includes all gains and losses recognised in the year. All income resources and resources expended derive from continuing activities.

The transfer of £18,957 from Restricted Funds to Unrestricted Funds is to correct the previous year's balance.

The notes on pages 5 to 10 form part of these accounts

Page 3

West Norfolk Riding for the Disabled Association - The Magpie Centre Balance sheet Year Ended 31 May 2021

Notes
FIXED ASSETS
Tangible Fixed Assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
Total assets less current liabilities
NET ASSETS
FUNDS
10
Unrestricted
Restricted
TOTAL FUNDS		 £
£
Unrestricted
Restricted
33,903
14,047
1,226
-
62,139
4,750
63,365
4,750
(24,335)
-
39,030
4,750
72,933
18,797
72,933
18,797
2021		 £
Total
47,950
1,226
66,889
68,115
(24,335)
43,780
91,730
91,730
72,933
18,797
91,730		 2020
£
53,103
3,387
31,014
34,401
(18,428)
15,973
69,076
69,076
27,868
41,208
69,076

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for;

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and;

(b) preparing financial statements which give a true and fair view of the state of affiars 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.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on …………………………………... and were signed on its behalf by:

….......................................................

D R Bland Trustee

Page 4

West Norfolk Riding for the Disabled Association - The Magpie Centre Notes to the Financial Statements Year Ended 31 May 2021

1. Accounting Policies

1.1 Basis of Preparation

The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with;

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

1.2 Going concern

The accounts have been prepared on a going concern basis.

1.3 Incoming Resources

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.

1.4 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing that charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligations can be measure reliably. Expenditure is accounted for on an accural basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular heading they have been allocated to activities on a basis consistent with the use of resources.

1.5 Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings and gazebo 20% straight line Toilets and portacabins 10% straight line

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West Norfolk Riding for the Disabled Association - The Magpie Centre Notes to the Financial Statements - continued Year Ended 31 May 2021

1.5 Tangible fixed assets cont….

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||| |---|---| |Stables|5% straight line| |Riding equipment|20% straight line| |Fixtures and fittings|20% straight line| |Horse box|20% straight line| |Computer equipment|20% straight line|

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1.6 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.7 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.

2. Other Trading Activities

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|||| |---|---|---| |2021|2020| |Fundraising Events|3,001|21,380| |2021|2020| |Deposit account interest|7|81| |Net income/(expenditure) is stated after charging/(crediting):| |2021|2020| |Depreciation - owned assets|11,691|11,075| |(Profit)/Loss on dispoal of fixed assets|1,100|3,300|

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3. Investment Income

4. Net Income/(Expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Page 6

West Norfolk Riding for the Disabled Association - The Magpie Centre Notes to the Financial Statements - continued Year Ended 31 May 2021

5. Trustees Remuneration and Benefits

There were no trustees' remuneration or other benefits for the year ended 31st May 2021 nor for the year ended 31st May 2020.

Trustees' Expenses

There were no trustees' expenses paid for the year ended 31st May 2021 nor the year ended 31st May 2020

6. Comparatives for the Statement of Financial Activities

Income and Endowments From
Donations and legacies
Charitable activities
Donations for riding
Other trading activities
Investment income
Total
Expenditure On
Raising funds
Charitable activities
Other
Total
Net Income/(Expenditure)
Reconciliation of Funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Fund
£
37,149
49,130
21,380
57
107,716
8,315
112,901
3,300
124,516
(16,800)
44,668
27,868		 Restricted
Fund
£
39,573
-
-
24
39,597
-
21,699
-
21,699
17,898
23,310
41,208		 Total
Funds
£
76,722
49,130
21,380
81
147,313
8,315
134,600
3,300
146,215
1,098
67,978
69,076

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West Norfolk Riding for the Disabled Association - The Magpie Centre Notes to the Financial Statements - continued Year Ended 31 May 2021

7. Tangible Fixed Assets

Cost
At 1st June 2020
Additions
Disposals
At 31st May 2021
Depreciation
At 1st June 2020
Charge for year
Depreciation on Disposal
At 31st May 2021
Net Book Value
At 31st May 2021
At 31st May 2020
Cost
At 1st June 2020
Additions
Disposals
At 31st May 2021
Depreciation
At 1st June 2020
Charge for year
Depreciation on Disposal
At 31st May 2021
Net Book Value
At 31st May 2021
At 31st May 2020
8. Debtors: Amounts Falling
Debtors
Other Debtors
Prepayments		 Buildings
and
gazebo
£
2,993
7,508
10,501
919
2,021
2,940
7,561
2,074
Fixtures
Riding
and
equipment
fittings
£
£
37,096
6,451
230
(220)
37,106
6,451
24,943
5,336
4,236
965
(220)
28,959
6,301
8,147
150
12,153
1,115
Due Within One Year		 Toilets
and
portacabins
£
8,153
8,153
7,319
815
8,134
19
834
Horse
box
£
14,000
14,000
5,600
2,800
8,400
5,600
8,400		 Stables
£
16,417
16,417
7,388
821
8,209
8,208
9,029
Computer
equipment
£
1,953
1,953
1,855
33
1,888
65
98
2021
£
265
541
420
1,226		 Horses
£
19,400
(1,200)
18,200
-
-
18,200
19,400
Total
£
106,463
7,738
(1,420)
112,781
53,360
11,691
(220)
64,831
47,950
53,103
2020
£
2,811
576
3,387

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West Norfolk Riding for the Disabled Association - The Magpie Centre Notes to the Financial Statements - continued Year Ended 31 May 2021

9. Creditors: Amounts Falling Due Within One Year

Purchase Ledger
Accruals
Social Security
Pension
Payments on account
Deferred Income - Lottery Funding		 2021
£
6,688
480
329
178
1,660
15,000
24,335		 2020
£
12,808
600
5,020
-
18,428

10. Movement in Funds

At
Incoming
Resources
01/06/2020
resources
expended
£
£
£
Unrestricted funds
General fund
27,868
164,905
(138,797)
Restricted funds
Restricted fund
41,208
19,869
(23,323)
Total Funds
69,076
184,774
(162,120)
Comparative for movement in funds
At
Incoming
Resources
01/06/2019
resources
expended
£
£
£
Unrestricted funds
General fund
44,668
107,716
(124,516)
Restricted funds
Restricted fund
23,310
39,597
(21,699)
Total Funds
67,978
147,313
(146,215)		 Transfers
£
18,957
(18,957)
-
Transfers
£
-
-
-		 At
31/05/2021
£
72,933
18,797
91,730
At
31/05/2020
£
27,868
41,208
69,076

Page 9

West Norfolk Riding for the Disabled Association - The Magpie Centre Notes to the Financial Statements - continued Year Ended 31 May 2021

10. Movement in Funds - continued

Details of the restricted asset funds are as follows;

At
Incoming
Resources
At
01/06/2020
resources
expended
Transfers
31/05/2021
£
£
£
£
£
Restricted Fixed Assets
18,512
-
(4,465)
-
14,047
Lottery Grant
18,750
-
-
(18,750)
-
Children In Need
2,493
7,479
(9,972)
-
-
NCF
1,453
6,640
(7,886)
(207)
-
Goodman Trust
-
1,000
(1,000)
-
-
Toyota Sport
-
4,750
-
-
4,750
41,208
19,869
(23,323)
(18,957)
18,797
Toyota Sport
- For the purchase of a new horse

11. Related Party Disclosures

There were no related party transactions for the year ended 31st May 2021

Page 10

West Norfolk Riding for the Disabled Association - The Magpie Centre Detailed Statement of Financial Activites Year Ended 31 May 2021

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Restricted Unrestricted Total 21 31/05/2020
£ £ £ £
Income And Endowments
Donations and legacies
Donations - 53,850 53,850 33,552
Gift aid - 2,788 2,788 2,004
Grants - - - 41,166
- 56,638 56,638 76,722
Grants
Grants 19,869 78,750 98,619 -
COVID-19 Grants 17,449 17,449 -
19,869 96,199 116,068 -
Other trading activities
Fundraising events - 3,001 3,001 21,380
Investment income
Deposit account interest - 7 7 81
Charitable activities
Donations for riding - 9,060 9,060 49,130
Total incoming resources 19,869 164,905 184,774 147,313
Expenditure
Raising donations and legacies
Fundraising expenses - 679 679 8,315
Charitable activities
Direct Pony Costs 10,318 21,544 31,862 -
Pony Insurance 2,024 8,843 10,867 -
Wages 4,608 62,615 67,223 59,485
Employers Pension - 1,007 1,007 -
Staff Training 34 1,381 1,415 -
Rent and rates - 9,273 9,273 4,417
Light, Heat & Power 98 815 913 -
Insurance - 6,144 6,144 -
Repairs and Maintenance 1,491 7,205 8,696 -
Telephone 50 396 446 -
Printing, Postage and Stationery - 310 310 -
Trade Subscriptions 49 639 688 -
Leases - 3,050 3,050 -
Waste Collection - 524 524 -
Motor Expenses - 1,981 1,981 -
Travel and Refreshments 179 517 696 -
Advertising - 105 105 -
Accountancy Fees 5 1,081 1,086 -
Consultancy Fees - 1,162 1,162 -
Legal Admin - 316 316 -
Bank & Paypal Charges 2 280 282 -
Card Charges - 69 69 -
Depreciation 4,465 7,226 11,691 -
Loss on sale of tangible fixed assets - 880 880 -
Sundries and other costs - 275 275 70,098
23,323 137,638 160,961 134,000
Support costs
Management
Loss on sale of tangible fixed assets - - - 3,300
Finance
Accountancy - 480 480 600
- 480 480 600
Total resources expended 23,323 138,797 162,120 146,215
Net income/(expenditure) (3,454) 26,108 22,654 1,098
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West Norfolk Riding for the Disabled Association - The Magpie Centre Independent Examination Year Ended 31 May 2021

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2021, charity number 1143390 , which are set out on pages 1 to 9.

Responsibilites and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b)

Independent Examiners Statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Kezia Benefer FCCA Date: Hayhow & Co Chartered Certified Accountants & Auditors 19 King Street Kings Lynn Norfolk PE30 1HB

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