REGISTERED COMPANY NUMBER: 07650610 {En8land and Wales) REGISTERED CHARITY NUMBE R: 1143390 Report of the Trustees and Unaudlted Flnandal Statements For the Year Ended 31 May 2024 West Norfolk Rldln8 for the DIMbled Assoclatlon- The Ma8ple Centre
West Norfolk Rldlng for the Dlsabled Assoclatlon- The Magple Centre Contents of the Flnanclal Statements Year Ended 31 May 2024 Trusteeg report Ito3 Statement of financial actlvities Balance sheet Notes to financial statements 6t012 Detailed Statement of Financial Artivities 13 Independent examiners report 14
West Norfolk Rldln8 for the Dlsabled Assoclatlon- The Magple Centr¢ Trustees Report Year Ended 31 May 2024 The trustees who are a150 directors of the charity for the purposes of company law are responsible for preparing the Trustee's Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards IFRS1021. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incomin8 resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparin8 these financial statements, the trustees are required to.. select suitable accounting policies and then apply them con515tently,' observe the methods and principles in the Charities SORP 2019 IFRS 1021- make judgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charltable company will contlnue in operatlon. The trustees are responsible for keeping adequate accounting records that di5¢105e with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. In so far as the trustees are aware: there is no relevant accounts information of which the charitable companrfs independent examiner is unaware- and the tmstees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examination Is aware of that information. 08JEcfivES AND AIMS The aim o* the charity is to promote the objectives of the Riding for the Disabled As50tiation 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 Association- The Ma8pie Centre is meeting its obligation to provide public benefit. Our ob5ective ststed above shows that thi5 is our aim, and we endeavour to 3ccornpli5h this objertive. Page I
West Norfolk Rldlnz for the Dlsabled Assoclatlon- The Ma8ple Centre Trustees Report Year Ended 31 May 2024 ACHIEVEMENTS AND PERFORMANCE In accordance with our ob5ectlves, everyone who comes to the Magpie Centre works towards their own level of achlevement. Through the provision of riding, carriage driving and a number of equine related artivities to a diverse range of people, of all ages. experiencing physical, emotional, or social disadvanta8es we are able to improve the quallty of life for all those that attend. The tremendou5 physiotherèpeutic value of each of the tailored activities we provide is focussed on developing confidence, self-esteem, soclalisation and communication skills. The first half of the year proved challenging financially and a number of difficult. cost-cuttin8 measures were taken, in addition to continued fundraising, to ensure the continued viability of the cent. The corner was turned in the new year and we have been fortunate in our horses remaining in reasonable health, unlike the previous year where we were having to find additional monies to cover high veterinary costs. We are continuinE to develop other areas of our work, principally riding and horsemanship for home-schoolers with additional needs. In April we were awarded a National Lottery Community Grant to enable us to build on this. We have also been awarded a place on the Alternative Pfoviders Register with local educatlon bodies to provide services and facilities to meet the additional needs of chlldren and young people with social, emotional and mental health Issues. Tea With A Pony, an initiative started after lockdown for those living with dementia and thelr carers, once again proved very popular and had another record year in terms of numbers attending. Whilst the year has had Its ups and downs. we have been successful in continuing to develop our activities. We have a commFtted and motivated community embracing the trustees, staff, volunteers and the immense goodwill and support of the local community without whom we would not achieve what we do. FINANCIAL REVIEW The net surplus for the year ended 31 May 2024 amounted to £31,773. The value of reserves held at the balance sheet date amounted to £159.916. During the year. financial support was received via grants. personal and corporate donations. Additionalty contlnued fundraising ensured the Magpie Centre had sufficient funds to continue Its activitie5. STRucfuRE GOVERNANCE AND MANAGEMENT The charlty is controlled by its governing document, a deed of trust. and constitutes a limited ompany. limited by gurantee, as deflned by the Companies Art 2006. West Norfolk Rlding for the Disabled Association- The Magple Centre is a company limited by guarantee governed by its Articles of Association. It is registered with the Charity Commission Ino 11433901. Page 2
West Norfolk Rldlng for the Dlsabled Assoelatlon- The Magple Centre Trustees Report Year Ended 31 May 2024 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered company number 07650610 (England and Wales) Re8lstered Charlty number 1143390 Reglstered Offlce The Magpie Centre Wallington Hall Runcton Holme King5 Lynn Norfolk PE33 OEP Trustees S Davis G Mckenna- Resigned 24.01.24 N D Olding J D Westrop K Miles Ichair) B Ford PAsh S Wilson (Treasurer) C Hitchens E Paul - Appointed 26.04.24 S Whitehead- Appolnted 26.04.24 L Fuller- Appointed 26.04.24 & Resigned 30.08.24 S Wilson Company Secretary Approved by order of the board of trustees o signed on its behalf by: C Hltchens Trustee Page 3
West Norfolk Rldlngfor tht Dlsabltd Assrylatlon- The Maople Centr• ststement of Flnan¢lal Actlvftles Yeay Ended 31 May 2024 Unrestrkted RÈstrltt•d Fund 2024 Fund 2024 Totsl 2024 Total 2023 INCOMING RESOURCES Charltable activites 100,963 100,963 72.992 Other activitie5 16.028 16,028 12,453 Donatlons and Legacies 45,262 51,262 45.493 Grants 5.650 50.485 56,135 Investment Income 199 199 19 Insurance 500 Total Itxom• 168.ilf 56W5 224,587 219.801 RESOURCES PEND Raising Funds 2,531 2,531 3.371 Charltable actlvltles 153,315 37,008 190.323 188,028 Total Expondliure 155.846 37,008 192,854 191,399 Net incomellexpendSturel Transfer5 between funds Total funds brought forward 12,256 19,477 31,733 28.402 94,ICK) 34,083 128,183 99,781 Total funds Carr1 fon¥ard 106J56 53,560 159,916 128.183 All Income and expendrture derive fr0Tr7 continulng actfjvltles. The statement of financlal actlvltles Include5 all gains and losses recognlsed durin8the year. The notes on pages 6 to 12 form part of these atc(wJnts Pa8e 4
Ye•rÈhded31 Mty2U14 2024 3ozJ T1le Fixed 27,675 23.565 5L240 53.077 RENT ASS Debtor5 Cash at bank and Ir hand 14.2ZZ 65,771 79,W3 14,222 29,995 95.766 29.995 IffJ.9J8 11.148 68,851 aiEDITORS Amounts fallln8 duewithin cneyear 11,Jizi 1¥312 14.8931 RRENT 18,681 19.995 108,676 74106 Tots145sets1•ssrrtIbn[Ire% 106.3S6 S3.5 159.916 128,183 NET ASS 106A56 53,$60 159,916 FU14DS Uorestri¢d Restrlcted io 106,356 53.5fl) 94ICp) 34,083 TAL FU14 159,916 128, FortheyeaTendlng31 May 24thecomp3nywasenttthdtoexemMhM from tudh under sertth477 ofthe CompanlesAtt2W6 relaringtosmall companles. OlreLtors' fesponsIlles'. The membET5 have not requlred the companytoobtalftanaudltoiitsfln•ntl8lstatementsforth2year In ouE5tEon In accordancewith sertEoft476.. Thedlrettor5acknowled8e theirre5pDnslbllltlu forc0MpnE wlth the reoulrementsof theA¢twith respert toawiuntln8 rwdsand the weparattonofflnaneSal statefflents. Thetrustees acknowted8ethelr r¢sponslblNtlesfor,' lal ensurfnÉthatthètharltablE compiny keep5awuntlng re£ordsthat ComplywthSect 386 and 387of the CompanlesAct ZW6and.. Ibl preparFngfinan¢lal staiernents whKh ol¥ea truealfa1reWOfthest4le0f affalrsof ihe charttable £ornpafjya5 atthe endofeathflnandal yedra)dof itssurplus ordÈficforeach flnancial year in accordance wlth rhe requ1ments01Seth0Th5394 and 395 and V4hh otherwise cornplywlth the requlrementsof the Companle5Act2(relatinB toflnandal ststemenrs. $0 lar as applkablettsthe tharitable company. Yhe5efirtanclal stetnents h8¥e been prepared In accordaruwlththeprn5lonsappllrabloarftable tomp•nle$subJe£tto thesmall companle5 reglD. The flnantlal 5taternents wereapproved bythe boardolTrustees4nd authorfsedforlssueon 4nd were sWed on its behaMb¥.' CHlt¢hens Th00810 paiuPa8e6to X2foMI pttslthwfln4nd•lslat4monts. PaBe5
West Norfolk Rldlng for the Dlsabled Assoclatlon- The Magple Centre Notes to the Financlal Statements Year Ended 31 May 2024 l. Accountln8 Pollcles 1.1 Basls of Preparatlon West Norfolk Ridin8 for the Disabled Association - The Magpie Centre is a charitable company in England. The address of the registered office is given in the charity irsformation on page 3 of these financial ststements. The nature of the charity's operations and principal actlvsties are destribed on Page 2. The charity constltutes a public benefit entity as defined by FRS 102. The flnanclal statements have been prepared in accordance with Accounting and Reportln8 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 issued in October 2019, the Financial Reporting Standard appllcable in the United Kingdom and Republlc of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financlal statements are prepared on a going concern basis under the historlcal cost convention, modified to include certain items at fair value. The financlal statements are presented in Sterling which is the functional currency of the charlty and rounded to the nearest £000. The si8nlflcant accounting policies applied in the preparation of these finantlal statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 1.2 Golng concern The financial statements have been prepared on a going concern basis as the tru5tee5 believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 1.3 Funds Unrestrirted funds are available for use at the discretion of the trustees in furtherance of the 8eneral objectives of the charlty and which have not been designated for other purposes. Restricted funds are funds whlch are to be used in accordance with specific restrlctions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restrirted fund is set out in the notes to the finan¢ial statements. Pa8e 6
West Norfolk Rldlng for the Dlsabled Assoclatlon- The Ma8ple Centre Notes to the Flnanclal Statements Year Ended 31 May 2024 l. Accountlng Pollcles 1.3 Funds Cont.... Endowment funds represent those assets which must be held permanently by the charity, princlpally where grants have been given solely for the purpose of purchasing an asset. Income arising on the endowment funds can be used in accordance with the objects of the charity and 15 included as unrestrirted income. Any capital gains or losse5 arising on the investments form part of the fund. InvÈ5tment management charges and legal advice relating to the fund are charged agalnst the fund. 1.4 Incomln8 Resources All incoming resources are included in the Statement of Financial Actlvlties ISOFAI when the charty is legalty entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the Income wlll be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this require5 a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those Conditions is within the control of the charlty and It Is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in line with the SORP. Fixed asset gifts in kind are recognised when receivable and are Included at falr value. They ère not deferred over the life of the asset. Income from other activitles include5 income earned from fundraising events and tradlng artivitles to raise funds for the charity. Income is received In exchange for supplying goods and Services in order to raise funds and is recognised when entitlement has occurred. 1.5 Expendlture All expenditure 15 accounted for on an accruals basls ènd has been classified under headings that a8gregate all costs related to the category. Expenditure is recogn15ed where there is a legal or constructive obligation to make payments to third parties, It is probable that the settlement will be required and the amount of the obligation can be measured reliably. 1.6 Tan8lble ftxed assets Tangible fixed assets are stated at cost lor deemed tostl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attrlbutable to making the asset capable of operating as intended. Page 7
Wèst Norfolk Rldln8 for the Dlsabled Assoclatlon- The Magple Centre Notes to the Flnan¢lal Statemeftts- con*lnued Year Endèd 31 May 2024 1.6Tan8ible 1Sxed a55ets Cont_. Deprèciation is provlded on all tsngible fixed assets, at rates calculated to write off the ¢ost. less estimated rèsldual value, of each asset on a systematic basis over its expected useful life as follows: uildin8s and Bazebo Toilets and portacabins Stables Rldlng equlpment Flxtures and fittln8S Horse box Computer equipment 20% straight Ilne IO% straight line 5% straight line 20% straight Ilne 20% straight line 20% straight line 20% straight Ilne 1.7 TaxatSon The charity Ss an exempt charsty within the meaning of schedule 3 of the Charltles Act 2011 and is consldered to pass the tests set out in Para8Taph I Schedule 6 Finance Act 2010 and therefore it meets the definitlon of a charltable company for UK corporation tsx purposes. IA Fund accountlng Unrestricted funds can be used In accordancè with the charitable objettives at the dlscretlon of the trustees. Restrirted fund5 can only be used for partlculèr $trIcted purpose5 Within the oblects of the charfty. IlestTiCtions arise when specified by the donor or when funds are Faised for particular restricted purposes. Further explanation of the nature and purpose of each fund 15 included in the notes to the flnanclal 5tstements. 2. thher A¢dvltle5 2023 Fundraisln8 Everrts 16,028 12,453 3. Investment lficome 2024 202> Deposit account Interest 199 19 4. 14et In¢omel{Expendlture) Net incomellexpenditurel Is stated after charginpJl¢redttln81'. 2023 Depreciat5on- owned assèts IProfitllLoss on dispoal of flxed assets 6,337 15001 9.057 17501 Page 8
Westl4Orfo1ld1fQrth tMsabWAsso¢latkr+.The M•8ple C•rtrt Notes toth Ftwn¢lal Slatémeiits.¢oniinued Y•orEnded 31 M•y 2024 5. Remunernwon Ind OEn There were no tru5tees' rernUner3tknorotr inefitsfortheye¥rendEd 315t May 2024 norforthe yearended 31st May2023. ThereweTe ntrtru5tees' exp2nses pald fortheyearended 31st May2024 northeyearended 31st May 2023 Thetotal staff costs and employee benefftswere as follows: 2024 2028 Wa8e5 and 5alarie5 Sodal security Defined c1but7n pen51on sts 101,050 91,348 1,677 102.727 1,273 91621 Noemployees re¢¢ed totalemployee bEneffts lexcludFng employerpensh)n ¢05t51 of morethan £fA).fO). Total Funds Fund Fund Ineomeathd Ethdowmènts Frly Donatlons and le8a¢les 41.6a3 45A93 awrfibl ctPdldos f)onèVonstor rhJl¢ 72,992 72.992 Gran15 Insurance Othertradlng Investment hcome 52,949 500 12.453 19 35,395 88,344 12,453 19 Totsi w56 3924S 219 EKpendtture Ori Ralslngfunds 3,3n 3,371 charkab 148,823 39.205 18&028 Yotsl 152.194 191J99 NetIr1fte/lENdIiUrnJ 28.362 28.402 Rowidll•Uon ol Funds Totslfunds IKowhtfrJrw8rd 65,738 34.043 99,781 T•t*lfvfftdsc•rrl¢dfon¥wd 94.1 34,083 Page9
West P4orfolk RkllrKforthe 015abled As518t]0n- The Ma8ph C•thr• Not•s to the Flnanclal StatemÈnts- (ontlnue(t Year Ended 31 May 2024 7. TaltsIe Fl¥ed Assets BulldlnB5 and Tollets and portacablns Stables orse5 At 1st June 2023 Addltions Disposals At 31st May 2024 10,501 8.153 16,417 35,600 12.000 17,5001 40,100 10.501 8,153 16,417 Depreclatlon At 15tJune 2023 Charge for year Depretiation or¥ Oisp0531 At 3tst May 2024 6,982 2,019 8,153 9,851 821 9,1 8,153 10.672 N•t Bookvalue At 31st May 2024 1.51h) 5.745 40,1(K) At 31st May 2023 3.519 6.566 Flxtu Rldlng equipment Morsè box COmper •qulpméTrt Cost At 1st June 2023 Additions Disp05als At 31st May 2024 44,686 6,922 14,CQO 1,953 138.232 12,0 121,5(KJl 128,732 114,CfJOI 44,686 6.922 1.953 Depreclatlon At 1st lune 2023 Charge for year DeprecSation on Disposal At 3tst May 2024 37,582 3,398 6.634 99 14.C 1,953 85,155 6,337 114,0(xil 77.492 114,OC*JI 40.980 6,733 1,953 Net eool( Value At 31st May 2024 189 51240 At 3tst May 2023 7.104 53,077 Debtors: Amounts Fallln8 Due Wtthln On• Year 2024 Debtors Other Debtor5 Prepayments 14,130 17 75 14.222 11,050 98 11.148 Page 10
West Nortolk Ridlng for the Disabled Association- The M48ple Centre Notes to the Flnanclal Statements- ntInued Year Ended 31 May 2024 9. Credltors: Amounts Falllni Due Wllhln One Year 2024 2023 Purchase Ledger Attruals Social Securlty 30 3,735 665 493 4,893 802 1,312 10. Movernert In Funds At 0110612023 Incoming re50ur¢es Resourc expended At 31105110Z4 Transfers Unrestrltted fvnds General fund 94.100 168,102 155,8461 106.356 Restrlcted funds Restricted fund 34,083 56,485 137,008 53,560 Total Funds 224.587 1192,854) 159,916 Comparatlve for movement in funds At Incomln8 0110612022 resources Resources expended At 3110512023 Transfers Unrestrlrted funds General fund 65,738 180.556 1152,1941 94,100 Restrlrted funds Restrlcted fund 34,043 39,245 139,2051 34,083 Total Funds 99,781 219MII 1191.3991 128.183 Page 11
West P4orfolk Rldtng for the D15abled AssoclatTon. The C•ntre Note5 to the HnaRcFal Ststements- contlnued Year Ended 31 May 2024 I Movement tn FUnd$-tInued Details of the restrict assetfunds are asfollows.. At Incom R•sources At 0110612023 resour¢es •xpond4d Trdnsfr$ 3110512024 Restrlcted Fixed Assets Private Donor I Horseworld Trust CIN 23,404 11,8391 2,000 12.1)001 23,565 900.fX) 7,677 102 I9> 110,1761 11021 9,991 7,492 Morri5ions RDA National Bluespark Foundation Communlty Councilloi Grant Lottery NCF 250 1,000 900 36.094 2,250 250 16001 12561 117.13SI 18.959 2,250 Lynn Priory Oonation Masonic Charity 15001 15001 15,LJJOI 500 34.083 37 53.560 Prlvate Donor I HorseworfdTru - For the purchase of a Trew horse . Fof hay steamer - For stafftn& trainin& actvitses. general or8anisational. and horse Pufchases - Fof protertive clothing - For Carrla8e diivertYainin8 - Forfundingtowards regionals and nationa15 -To purchase new equipment for the care of the horses - Lottery main grant - Learningthrough the r*ding proBfamme For repairs to the Gator - For Carriage Repairs Fortore costs Morrlslons RDA Natlr)nwl Bluespark Foundatlon Communlty Cln¢tIor Grant lottery NCF Lynn PrEory Do110 Masonk Ctharliy 11. Related Party Dlxlosure5 There were no related partytransactlgns for the year ended 31st May 2024 Pa8e 12
WestNorfolk Rldln¥forthèglsablod Aswdatkn-ThTr C•ntre DetaWSt•tsm¢ntof FIMn¢l•lAtW¥iies Vt•rEnd•d31 M*¥2024 IrKorn¢And Endrthynonts Donattonsand teytbes Donations Gfft ald 45,261 44.020 1.473 45,493 45,262 Sl262 Grnnts Grants 50,485 50A85 54115 s4tss 88.344 5,650 IXhpractl¥lYes Fundraislng everts I628 Deposlt actount Intttest 199 19 Insurante Donatlons fr)r rkllng SLh) l(M),963 l(Q.963 168.102 224W7 56,185 219,101 Exp¢ndllure RIn8 dDnthrb and lryadES FundraWn8 expet 1531 3,371 DIre Ponycosts Pony Insurnnte Wa8es Employets Penslon Staff Trdinin8 Rent and rates UBhL14eat& Power Ih5ur4rKe Aepalrs and maln1eThae Telephone Computef Costs Pdntln& Posta8e andstatknnery TradeSubscrIptS Waste Collettlon Motor Expenses Travel and Refreshments AdYerttslnÈ Accountanq Fees (Dnsultsnry Fees LeÉalAdmln Bank& Paypal thar8es Other Intere# PaYae Cbrd Charge5 Depreclalbn IProfitllLosson saleOltsnÈlbflXed a55ets Bad Debts Sundrles othercosts 7.595 1,252 14.012 23.239 Il165 77.038 L677 42 7,365 4,441 8.173 43.624 11068 9L3 1,273 LO53 7,250 L354 7.071 4,398 727 369 559 L874 475 1.105 1.330 95 31K) 2m6 273 479 12 13A17 I50 L677 $60 7365 4841 O.IY3 L750 724 252 97 745 358 2.397 724 745 358 1397 2,057 552 318 1057 $52 69 4.498 L839 6.337 Isooi 9,057 17501 iy 152W 189 I#Y.$48 pPortSts Flnanct Accountancy Tal resourcesexpended 37 155 192A54 19&399 NettnromelltxpÈNIrÉl IYN7Y IZ256 Jl.Y33 Pa8e 13
West Norfolk Rldln8 for the Dlsabled Assoclatlon- The Ma8ple Centre Independent E¥amlnation Year Ended 31 May 2024 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2024, charity number 1143390, which are set out on pages I to 13. Responslbllttes and basls of report As the charitvs trustees of the Company land also it's directors of the company for the purposes of company lawli you a responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the accounts of the Company are not requlred to be audited for this year under Part 16 of the 2006 Act and are eligible for Independent examlnation, I report in respect of my examination of your charitrfs accounts as carried out under section 145 of the Charities Act 20111"the 2011 Act"). In tarrying out my examination. I have followed the Directions given by the Charity Commission (under settion 145{5llbl of the 2011 Act. Independent Examlners Statement I have completed my examination. I confimi that no matters have come to my attention in conftertion wlth the examination giving me cause to believe that in any material respect: accounting records were not kept in accordance with sertion 386 of the Companies Act 2006,. or the accounts do not accord wlth such records. or the account5 do not comply with relevant accounting requlrements under section 396 of the Companies Act 2006 other than any requlrement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination: or the accounts have not been prepared In accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities 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. ezla Benefer FCCA Hayhow & Co Chartered Certlfied Accountants & Audltors 19 Kln8 Street Kln85 Lynn t4orfolk PE30 IH8 Date: a aXLF- Page 14