2024-03-31-accounts

Trustees’ Annual Report for the period

From 1/4/2023 Period start date To31/3/2024 Period end date

Charity name: Wellow Group Riding for the Disabled

Charity registration number: 1152796

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Providing riding therapy to disabled children and adults in the local area.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The charity delivers riding therapy to local schools during the school week using horses that are on loan and owned by the charity. Supervision and care of the disabled children is provided by volunteers during their time riding. In addition provision of riding for other children and adults is provided on Saturdays. The charity enables disabled children to take part in area and national competitions, covering showjumping, cross country and dressage. All events are attended by volunteers to enable the children to compete safely.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Trustees’ responsibilities Trustees have examined the guidance on public benefit published by the Charity Commission in exercising their powers and duties. Trustees have examined the major strategic, business and operational risks which the Group faces. Trustees are satisfied that there are systems in place to mitigate these risks.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	This text is taken from the Chairmans report at the AGM. This year we have worked with youngsters from Three Ways, Fosseway and Margaret Coates riding regularly, plus our normal Saturday riders and Kilkenny participants and helpers at Quiet Corner. Quiet Corner was visited recently by the new CEO of RDA National, Michael Bishop. This year has been punctuated by the normal series of events, thew most important of which are the regional and National RDA competitions. The AGM falls between them, so our national successes are almost a year old now- and no less impressive for that with 5 of our riders placed in the Countryside Challenge, 2 class champions and 2 riders placed in dressage classes. Regionals held just over a month ago saw 4 of our riders qualifying for this year’s nationals. We have also sent riders to Avon Centre for dressage in February, endurance and dressage in May, the Shetlands to the North Somerset Show. Some of our volunteers manned the RDA stand at Badminton this year.

Financial Review

	Review of the charity’s financial position at the end of the period	Para 1.21	Financial position In the 2023/24 financial year the Group’s largest source of income was from donations, a number were procured by the Group’s professional fundraiser from charitable trusts and local companies while some sadly were as a result at collections held at the funerals of previous volunteers and interested parties. The level of the donations has increased from the previous year, but this area requires continual action, and we would like to thank Tony Husband for his efforts within the current economic climate. We would like to take this opportunity to formally thank all our generous donors and fundraisers: Wessex Water, Medlock Charitable Trust, Roper Family Charitable Trust, Gordon Family Trust, The Holland family, The Starfish Trust, Arter Trust, Staton Drew WI, Ann Samler family, The Quartet Community and Elizabeth Fry.

		Income from Riding fees is still well below pre pandemic levels, but the increasing benefit attributed from the Quiet Corner reflects the efforts of volunteers and the level of financial investment. Riding fee income was £9443, with Quiet Corner income £1694. The groups costs amounted to £27,688 (2022/23 £25,050), with a total income of £29,371 (2022/23 £22,059). After depreciation a surplus of £1683 (2022/23 £2991 loss) was recorded. Political and charitable contributions The Group have made no political or charitable contributions during the year. Trustees training The Group is affiliated to, and advised and guided by, the National Riding for the Disabled Association.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves Policy It has been decided that some money from the Bath and Bristol Building Society will be set aside into a higher interest account for financial benefit and to provide a recognised contingency fund to cover any unexpected increase in running costs and need for increased investment in the group’s assets.
Amount of reserves held	Para 1.22	£83K
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document	Para 1.25	Memorandum and Articles incorporated 5 April 2013
How is the charity constituted?	Para 1.25	Limited Company Company No 08474461
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled	Para 1.25	New trustees are selected and approved by all of the current trustees. The positions of Chairman, Secretary and Treasurer are re-elected by the trustees at the AGM

to appoint one or more trustees

Reference and Administrative details

Charity name	Wellow Group Riding for the Disabled
Other name the charity uses
Registered charity number	1152796
Charity’s principal address	Wellow RDA Horsecroft Farm Ford Road Wellow BA2 8QF

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	Charlotte Obolensky	Chairman
	Otter Baker
	Robert Rusbridger	Treasurer
	Anne Allen
	Jane Walker
	Samantha Chant
	AudreyRheinberg
	Lisa Adlam	Secretary

– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for wholeyear
N/A

Funds held as custodian trustees on behalf of others

Description of the assets	None
held in this capacity
Name and objects of the	N/A
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
Details of arrangements for	N/A
safe custody and
segregation of such assets
from the charity’s own
assets

Exemptions from disclosure Reason for non-disclosure of key personnel details ~~Oo~~ None Other optional information ~~So~~

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)	Signature(s)
Full name(s)	Full name(s)Robert Charles Rusbridger
Position (eg Secretary,	Position (eg Secretary, Treasurer
Chair, etc)
Date3/12/2024	3/12/2024

WELLOW GROUP RIDING FOR THE DISABLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND EXPENDITURE

	Unrestricted	Unrestricted
		Funds	2023/24		2022/23
		£		£		£
Income
Riding Fees & Quiet Corner	£	9,443	£	9,443	£	8,347
Donations and grants including Gift Aid	£	15,277	£	15,277	£	11,130
Community Fundraising	£	642	£	642	£	311
Quiet Corner	£	1,694	£	1,694	£	1,965
Other income					£	409
Cost of sales					-£	103
Charitable activities	£	668	£	668
Christmas Cards	£	233	£	233
Interest earned	£	1,346	£	1,346
Gift Aid	£	48	£	48
Credit from Internet provider	£	20	£	20
Gross Income	£	29,371	£	29,371	£	22,059
Expenditure
Horse Livery	£	9,101	£	9,101	£	12,870
Rent	£	3,000	£	3,000
Riding-related expenditure	£	1,265	£	1,265	£	323
Travel/events	£	1,620	£	1,620	£	1,572
Horse Transport	£	1,505	£	1,505
Training, safe-guarding, record keeping	£	22	£	22	£	19
Telephone/internet					£	324
RDA National Association Fees	£	200	£	200	£	270
Administrative expenses	£	482	£	482	£	240
Insurances	£	810	£	810	£	715
Fundraiser costs	£	3,600	£	3,600	£	3,600
Quiet Corner	£	1,266	£	1,266	£	1,011
Vet & horse care	£	1,992	£	1,992	£	1,379
Bank Charges	£	60	£	60
Depreciation - livestock	£	486	£	486	£	486
Depreciation - Plant and equipment	£	2,279	£	2,279	£	2,241
profit/Loss on disposal of assets
Total Expenditures	£	27,688	£	27,688	£	25,050
Surplus/Loss for year	£	1,683	£	1,683	-£	2,991

BALANCE SHEET AS AT 31 MARCH 2024

FIXED ASSETS		2023/24		2022/23
Depreciating assets	£	12,703	£	14,282
CURRENT ASSETS
Bank Account	£	83,916	£	80,658
Debtors			£	50
CURRENT LIABILITIES
Creditors	£	-	£	-
NET CURRENT ASSETS	£	96,619	£	94,990
REPRESENTED BY
Balance brought forward	£	98,302	£	91,999
Surplus	£	1,683	-£	2,991
Restricted funds
	£	96,619	£	94,930

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Members have not required the company to obtain an audit of its accounts for the year ended 31 March 2024 in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibilities for complying with the requirements of the 2006 Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

As the income is greater than £25,000 the accounts will be forwarded to an external examiner, as required under Charity Commision regulations.

Signed on Trustees’ behalf on 27 June 2024 by:

Charlotte Obolensky

Chairman

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies

• 1.1 Legal status The Group is incorporated as a company limited by guarantee without a share capital. Each member undertakes to contribute in specified circumstances an amount not exceeding £1.

• 1.2 Basis of preparation These financial statements have been prepared in accordance with the Companies Act 2006, applicable accounting standards, FRS102, and the Statement of Recommended Practice “Accounting and Reporting by Charities”. The accounts comply with the requirements of the charity’s governing document and have been prepared under historical cost convention.

• 1.3 Income Income is credited to the statement of financial activities in the year in which the grant or donation is awarded or is receivable.

• 1.4 Expenditure All expenditure is accounted for on an accruals basis. Direct charitable expenditure comprises all expenditure directly relating to the objects of the charity.

• 1.5 Cash flow statement As a small company, the company is exempt from the requirement to prepare a cash flow statement under FRS102.

• 1.6 Short-term debtors and creditors Debtors and creditors are recorded at transaction price, with changes recognised in profit or loss.

• 1.7 Property, Plant and Equipment Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant and machinery - 3 – 10 years Livestock – 7 years

• 1.8 Going Concern These financial statements are prepared on an going basis, which the Trustees believe to be appropriate.

2. Taxation

The Group has been granted exemption from taxation under section 505(1)(c) ICTA 1988. The Group is not registered for VAT purposes and so all costs and expenses incurred are inclusive of VAT.

3. Employees

There are no employees during 2023/24 (2022/23 nil).

4. Trustee remuneration

Trustees received no remuneration in 2023/24 (2022/23 nil)

5. Livestock

One horse was purchased but returned as unsuitable with a full refund.

1. Fixed assets

SCHEDULE OF FIXED ASSETS FOR THE YEAR ENDED 31 MARCH 2024

	Livestock	Livestock	Plant and equipment	Plant and equipment	Total
COST
At 1 April 2023	£	3,400	£	33,121	£	36,521
In-year additions			£	1,186	£	1,186
In-year disposals
At 31 March 2024	£	3,400	£	34,307	£	37,707
DEPRECIATION
At 1 April 2023	£	688	£	21,551	£	22,239
In-year disposals
Depreciation charge	£	486	£	2,279	£	2,765
At 31 March 2024	£	1,174	£	23,830	£	25,004
NET BOOK VALUE
At 1 April 2023	£	2,712	£	11,570	£	14,282
At 31 March 2024	£	2,226	£	10,477	£	12,703

7. Debtors

Accrued Income Debtors	2023/24 2022/23 - £ 60 £ - £ - £
	- £ 60 £

1. Creditors

Accruals Defered Income	2023/24 2022/23 - £ - £ - £ - £
	- £ - £

1. Restricted Funds There were no Restricted funds bought forward from 2022/23. No new restricted donations were received in 2023/24.