## **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)**||
|||
|**Date**3/12/2024|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.
6. **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
£|
8. **Creditors**
|Accruals
Defered Income|2023/24
2022/23
-
£
-
£
-
£
-
£|
|---|---|
||-
£
-
£|
9. **Restricted Funds** There were no Restricted funds bought forward from 2022/23. No new restricted donations were received in 2023/24.