REGISTERED COMPAIYY NUlWtBER: 03186520 (England Wales) REGISTERED CHARITY NUMBER: 1158748 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STA TEMETr4TS FOR THE YEAR ENDED 31 MARCH 2024 FOR ASSOCIATION OF BRITISH RIDING SCHOOLS Collards Chartered AccounLints 5-9 Eden Street Kingslon-upon-Thames Surrey KTI IBQ
ASSOCL4TION OF BRITISH RIDILYG SCHOOLS CONTENTS OF THK FINANCIAL STATENIETr4TS FOR THE YEAR ENDED 31 IVIARCH 2024 PAge Report of the Trustees Independent Examiner's Report Statement of Financial Adivities Balance Sheet Notes to the Financial Statements 9 to 14 Detsiled Statement of FiD*n¢ial Activities 15 to 16
ASSOCIATION OF BRITISH RIDKNG SCHOOLS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trnstees who are also directors of the eharity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trnstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019). OWECTIVES AND ACTIVITIES Objectives and oims The charity's objectives ('objectives') are specifically restricted to the following.. (l) to raise the standard of,. (i) instruction; (li} horsemanship- and {iii) the welfare of horses and ponies (iv) the safety of both participants and horses ail to foster better enjoyment by participants in ¢questrian riding (2} to act generally as a professional association for proprietors and managers of riding establishments, to foster enhanced levels of governance and increased undtrstanding of educational opportunitics Éhat benefit participants (both able-bodied and with any fom] of disability) in equesErian riding,. (3} the promotio as a member of the governing body of the sport of equestrian riding in Great BritaiJL of participation by persons in Great BritaitTr (both able-bodied and with any form of disability) in healthy recreation in equestrian riding. {4) th¢ provision of advice, education and guidance to participants in equestrian riding (whether owners of horses, riders or coaches) and, in particular, to encourage and facililatc the dev¢loptnent of young and disabled persons as participants in such ways so as to improve their self-confidence and self-esteem (including the establishment of apprenticeship schemes for young people)- {5) to work with the national governing body for equestriall riding (Brilish Equestrian Federation) to implement their strategic plans for the development of equestri&nism,' and (6) to do an>thing which is ¢alculated to further any of the above objects or is conducive or incidental to doing so, provided that nothing in the articles shall authorise an application of the property of the charity for purposes which are not charitable in accordancc with section 7 of the Charities and Truste¢ Investment (Scotland) Act 2005 or section 2 of the Charkties Act (Northern IrelaTrd) 2008. Pag¢ I
ASSOCIATION OF BRrrIsH RIDING SCHOOLS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 0ECTIVEs AND ACTIVITIES Public benefit Thc trustccs have complicd with the duty in 5CCtion 17(5) of the Charities Act 2011 to havc duc rcgard to guidance published by the Charity Commission. The charity is a body within the British Equestrian Federation, the national governing body for equestrianism. The organisation seeks to advance the intcrest of riding schools who provide opporttJnities for persons to participate in the healthy activity of riding. irrespective of ability or whcther they are able-bodied or have any fonn of disability. The riding school is the grass roots of equestrian sport whcre thc basic skills are learnt beforc riders may choose to specialise in other equestrian disciplincs. Riding schools are therefore importatit for equestrianism &8 a wholc. The charity's purpose is beneficial in thc following ways-. - The advancement in levels of governance and compliance in riding schools, thereby providing a safer environm¢nt in which people can participate in horse riding: - To keep riding school proprietors up to date with education on matters of ¢quitation and the welfare of horse and rider. Thc advancement of education in r¢lation to riding through tests for young persons and volunteers whi¢h can lead to the charity's apprcnticeships and professional exams; Horse riding is a hethY recreatlOD which is capabl¢ of improving the physical and tncntal hea]th and fitness of participants. The advancement of animal welfare through annual inspe¢tion of corporate members, premises, the charity's work with the Brittsh Equine Veterinary Association, and the training of the charity's own inspe¢tion team. Welfare of animals is further etthanced through the improvement ofriding standards and level of horse care tsught in member riding schools. All sport has inherent risks and riding is no exception. However, the ¢harity's purpo% does not. in the view of the trustccs, create additional detriment or harn). In fact, the charity's purpose as an advisoi. and provider of training glid educational opportunities to riding schools seeks actively Èo reduce detriment and hann to riders. The following have been identified as potentially benefiting personally from the charity carying out its purpose. Such benefit is incidental to the organisation carrying out its purpose.. - Persons involved in riding and the wider cqucstrian indusiry; Trustees who are also tnembers.. Members. Affiliate members. Apprentices- The generai riding public (both able-bodied riders and riders with any fonn of dtsability). General Charitable Purposes for public benefit notwithstanding and include.. The advan¢ement of health or saving lives. Disability; - Arts and culture; Heritage and science- Environment and conservation. The charity helps many sectors of the public and these include children and young peoplc, the elderly, people with short tcrm and long tem] disabilities. Page 2
ASSOCL4TION OF BRITISH RIDING SCHOOLS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IKARCH 2024 ACHIEVEMENT AIYD PERFOR1ANcE The year lo April 2024 began on very positive note as we ran our first Conference since 2019 on May 15th 2023 at Onley Grounds Equestrian Complex. We were delighted tl)at approximately fity five Members and Non Members attended. Our key note speaker was Dame Caroline Spelman DBE. fonner Secretary of State for DEFRA 2010-2012, with Jim Eyre, BEF Chief Exeeutive and Roly Owers, World Horse Welfare Chief Executive leading speakers as well. BEF CEO Jim Eyre's comment that 'Grassroots riding is the bedrock on which all oth¢r riding disciplines are built and it's health is critical to the future of equestrianism, is classic and applicable in perpetuity. We plan to stage another Conference next year to the West of the UK. We also held a workshop on the fvtur¢ of Riding Schools at Four Winds near Spalding Lincolnshire which was much appreciated for the exchgJ)ge of views on important topics, and the opportunity to meet long standing friends, associates and sharing together interesting updates and presentations. These evcnts are very much an eslablishcd: traditional feature of the ABRS+ network whi¢h we value highly. We are s0 highly delighted that our membership numbcrs continued to increase steadily as did the nutnbers of attendees at our programme of annual webinars led aJJd organised bj, George Baber our Centre Operations and Licensing Directors with a recent focus on providing guidanc¢ on Council Licencing and Test training. We continue to lobby for closer working with govcrnment regulators to ease any business rate burdens and consisten¢y in the licensing process. Seminar attendees now can rise to fify plus for somc webinars. l am delighted to say that we began that year with one hundred and sixty five members which had increased lo nearly two hundred by the end of year with less than ten ehoosing not to renew for 2024-25. This expanding Membership numbers does reflect the hard work led by George and the oifice to provide you efficiently with relevant services and support. My heartfelt thanks to them all for their ¢ontribution and effort. While trading conditions are a challenge for many members, the issues to confront are changing as many tnembers have client waiting lists, yet find it difficult to securc appropriately skilled staff and affordable. suitabl¢ horses to pariner with their clients. Following our initial running of an online safeguarding course in 2021-22, this has become established as a core part of our training itinerary with seven courses rutu)ing during 2023-24: and open to all working in the equestrian industy- Recently we have taken steps to reduce our costs for running the course on line by welcoming Liz Madeley as our Lead Coach on this iEllPOrtant topic for everyone which has led to in¢reasing number of attcndees. Our CIEC training for Level l and 2 has generated increased interest and we continue to extend our CIEC centre footprint nationally. During 2023-24 wc ran seven CIEC Level l and Level 2 courses a¢ross six centres - Plumplon, Four Winds, and Follifoot. with Moor Fami, as a returning eentre and a new ¢¢ntre Lincoln College working in partnership with Caistor Riding School. Overall forty two students attended the Level 1& 2 Courses with the overwhelming majority successful first time. Through our links with the BEF, we have been able to promote bursaries for members and were delighted that several of our members were successful in being awarded BEF bursaries towards CIEC training. Together these initiatives will help us to extend the CIEC centre footprint nationally. We are interested to expand thc CIEC training venues located in the North and South West of thc Country. We are planning for the Isle of Wight Equestrian Centre to host their initial Level I course later this year as well as the Stourport Training Venu¢ being active again. Similar to two prcvious years, we held a vÈrtual AGM in December 2023 at which we invited Members to make this a social occasion by bringing some preferred refreshments to catch up quickly with friends long standing and new members. Each AGM, as an online event, is an opportunity to gain essential feedback from members on current and future services, much valued as well as providing an update on our results. Our President Julian Marczak ¢onlinues to support us, maintains his coffee visits to keep in touch with office and l then enjoys joining us for the customary dinner, thc cvening before the Conference. This ycar. Juliat) made a short speech outlining some ot. our history, values and equilatioi) standard5. There have been no ehanges in the governance structurc this year with Trustees continuing unchanged in th¢ir roles. Many thanks to them for their comtnittnent. Susan Beasey. fonnerly Membership Manager, now continues as Training and Projects Manager from her home in Shropshire commencing this role in early 2023. Susan now focuscs solely on CIEC training and Cathie Hawkins, who joined us in March 2023 is our Membership Managcr. Due lo the increasing volume of work in the otTice, Janice Hawkins, Cathie's sister iti law joined later in Ihc year to support us with new Membcrship applications, CIEC support and servicing the delivery of rosettes and ¢ertificates. It is Cathic's previous experience with rosettes which has led partly to an outstanding in¢rease in the sales of rosette from four thousand five hundred and twenty eight (4528) in year ending March 2023 to nine thousand nonc hundred and twenty two (9922) in March 2024. Certificate leS increased from fourteen hundred and eighty {1480) to seventeen hundred and eighty (1780) over the same period. George has also webinars to guide Members on how to use the rosettes to develop the customer experience. After many years of active service our printer was ageing and quality deteriorating so we purchased an alternative, thankfully smaller, so allowing more much needed olrice space. Additional to economic conditions, we now havc concern5 raised by social licensing.. the need for diversity & inclusion, and environmental sustainability. especially the road to net zero to achieve a rcduced environmental impact. We are working closely with the BEF and other equine bodics to ensure our Members, interests are represented in all thcse areas and recognise the increasing importance of all these issues. We are highly conscious that this is becoming increasingly more ¢hallenging enviro[ent for thc equin¢ industy. As always, w¢ will continue to work to increase our eontribulion and support to Members through becoming more etTicienL more relevant training, support and related ad'lee, very important in these times to keep ourselves, clients and staff safe. Page 3
ASSOCIATION OF BRITISH RIDING SCHOOLS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Finaneial Review Building on the prior year improvements in financial discipline, we have wntinued to strengthen both our financial controls and our financiat position. For 2023-24. the charity is rcporting a surplus of £67,463 compared to a surylus of £7,908 reportcd last year. Total incoming resources amounted to £177,453 {2023 £89,719) and total resources expended amounted to £109,990 (2023 £81,8ll}. The total funds held by the charity at 31 March 2024 h&8 incre&8ed to £111,174 (2023 - £43,711)- Reserves policy The charity operatcs an unrestricted fund. The trustees have reviewed th¢ financial needs of the charity and consider thaÉ they should &im to have sufficient unrestricted funds on hand or on call to ensure that should there bc a short terni loss of income that therc would bc sulTicient funds available to meet operating costs. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is a company Itmited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Strll¢ture? governance and managenjent At each annual geller meeting one-third of the tnjstees (who are also directors for the purpose of company law) or, if their number is not three or a multiple of threc, the number nearest to one-third, must retire from offiee. If there is only one trustee he or she must retire. The tru#ecs to retire by rolation shall be those who hav¢ been longest in office since their last appointmenL If any trustees became or were appointed trustees on the same day, thos¢ to retire shall {unless they otherwise agree among themselves} be delerniined by lot. If a trustee is required to retire at an annual general meeting by a provision of the articles, the retirement shall take effeet upon the conclusion of the mcctin& unless he or she is re-appotnted in accordancc with the Memorandum and kniclcs of the Association of British Riding Schools. In accordance with Arti¢le 28, the Prcsident is elected annually. Our current Presid¢nt is Julian Marezak who being eligiblc. is willing to sLd for re-el¢ction. The trustces retiring at this general meeting in accordance with the Articles of Association are Rudina Suti and Carol Boulton, who being cligible offer themselves for re-election. The trustees consider the best methods of attracting a diverse range of candidates with the skills the charity has identified as needing. This may include advertising in the local an(Vor specialist press. Short-listing and interviews take place against agreed criteri& Intcrviews are carried oui by & small panel of trustes and each candidate is asked similar questions to ensure a fair and objective approach. Preferred candidates are identified, subject to references, fonnal vetting and approval by the full trustee board they are Ihcn either co-opted or recommended to the members for election onto the board. The trustces che¢k that the candidates have not becn disqualified from tIng as trustees, and candidates are &8ked to confirtn in writing that this is tbe ¢ase. Candidates ar¢ asked to consider and declare any existing or potential confiicts of interest. When accepted onto thc board they are assigned a mentor. REFERENCE AI¥D ADMINISTRATIVE DETAILS Registered Company number 03186520 (England and Wales) Registered Charity number 1158748 Registered office Blenheim Business Centre Smithers Hill Shipley Wesl Svssex RH13 8PP Page 4
ASSOCIATION OF BRII'ISI.I RIDING SCPIOOLS REI PORT OF TFIE TRUSTEI ES roR TIIE YC¢AR ENDED 31 MARCH 2024 Trustee5 G Baber C A Bou11017 P Levertoii J Pedley J L Williams D Macleaii c riddes R Suti Dire¢tor lTrilepomdcRI li xaminor Collards Cliartered Ac¢(punlaiils 5-9 Edon Stre¢l Kingslon-upon-Thames Surrcy KTI IBQ INDEPlI NDCI NT CXAMINCR The indepcndcnt e.Kainincr, Collards, Chartered Ae¢ounlani& ivill be proposed for re-appoinlmenl al th¢ forthcoming Annual General h4eeting. Approved by order ofilic board oftruslees on . and signcd on ils beli4lf by.. J L Williams- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSOCIA TION OF BRITISH RIDING SCHOOLS Independent examiner's report to the trustees of A5SOelation of British Riding Schools ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for thc year ended 31 March 2024. Responsibilities and basis of report As the eharity's trustees of the Company (and also its directors 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 {'Ihe 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's a¢¢ounts as carried out undcr Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have folloived the Dircctions given by the Charity CoEnmission under Section 145(5) (b) of the 2011 Act. Independent ex8miner's statement I have completed my examination. I confim] that no matters have ¢ome to my attention in connection with the examination giving me eause lo believe.. a¢counting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records: or the accounts do not Cotnply with the accounting requir¢m¢nts of Section 396 of the 2006 Act other than any requircment that the accounts give a true and fair view which is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance with the mcthods and principles of the Statement of Recommended Practice for a¢¢ounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102))- I have no concerns and have come a¢ross no other matters in connection with the examination to which attention should be drawn in this report in order to cnable a proper understanding of the accounts to be reached. Andrew Harker FCCA Collards Chartered Accountants 5-9 Eden Street Kingslon-upon-Thames Surres, KTI IBQ Date.. Page 6
ASSOCIATION OF BRITISH RIDING SCHOOLS STA TEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 TrL4RCH 2024 2024 Total fvnd$ 2023 Total funds Unrestricted fund Restrictcd funds Notes INCOME AND ENDOWMEIYTS FROM Donations and l¢gacics 35,454 12?30 47,784 Other trading activities Investmcnt incom¢ 129?53 316 129J53 316 89,662 57 Total 165,123 12J30 177,453 89,719 EXPENDITURE ON Charitsble activities Charitable activities 103,868 6,122 109,990 81,811 NET INCOME Transfers between funds 61,255 {3,465) 6208 3,465 67,463 7,908 14 Iyet movement in funds 57,790 9,673 67,463 7,908 RECONCILIATION OF FUNDS Total fwids brought forward 43,711 43.711 35,803 TOTAL FUNDS CARIUED FORWARD 101501 9,673 111,174 43,711 The notes forni part of these financial atements Page 7
ASSOCIATION or BRITISH RIDING SCHOOLS BALANCE SIIEE*T 31 MARCH 2024 2024 Tolyl funds Unr¢8tricted fund 2023 Total runds Rcslricled runds FIXED ASSII TS Tangible assets Notes 10 3,066 3,(166 1.780 CURRINT ASSEt TS Stocks Dcbtors Cash al bank aiid in l)and 3,942 10386 lQ8.2Q8 12 3,942 14,368 113,799 1,588 19.989 46.1156 4,082 122,436 9,673 132.109 67.633 CREIDITORS An)ounrs falling (kne ivilliin one ycthr 13 (24,001) (25.702) NET CURREwf ASSITS 98.435 9.673 108,1118 41,931 TOTAL ASSETS LEI SS CURRENT LJABILITIES 101501 9,673 111,174 43.711 NII T ASSETS 101,501 9,673 111,174 43,711 FUNDS Unrestricted funds R¢siri¢(ed funds 14 ioi.-soi 9,673 43.711 TOTAL FUNDS 111,174 43.711 Th¢ charitable coInpllny is cnlilled lo exemption froin audit under Section 477 of the Companies Act 2006 for the year ended 31 Marcli 2024. The Inembers havc not rcquired the compaiiy lo obiDin an adit of ils financial stalcinenls for the y¢&r end¢d 31 March 2024 i aceordaiice ivith Se¢tion 476 ofilie Con)panies A¢1 2QO6. Tli¢ IrEESlees acknoivledge il?eir responsibilities for (ts) ¢Asuring Iliot Ilie chariiable compony k¢¢ps accounting records il)at comply iyith S¢clioi)s 386 and 387 oftlie Compunies A¢t 2006 ond preparing financial stalollients ivliicl? give a (ru¢ and fair vieiv oftlie stat¢ of olfairs of ih¢ ¢lièritable compai)y lls at the cnd of eacli financial year of its surplus or deficit for e4¢11 finlK ncial year iii #ic¢ordnnce ivitli lh¢ rcquiromenls of Soctioi)5 394 and 395 and ¥vl)ich oihcrwise comply iviih the r¢quircmen(s of the Conipanies Act 2006 reluling to financial statements. so far as applicable to the charitable compan). Ib> These financial Matemenls have b¢en prcpared accordance willi the provisFOnS applicable lo cliuritoble companies svbje¢l to the small companie5 regime. The finuncial slalem¢nts i¥er¢ approved by the Board ofTriislees and auilJorised for issue on signed on its behalf by.. ¥Z.I nnd iv¢re J L Williams- Trustee Tli¢ not¢s form port of these financial slatcmenis
ASSOCIATION OF BIUTISH RIDING SCHOOLS NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing tbe financial ststements The financial statements of the charitable company, which is a public bcnefit entity und¢r FRS 102, have bcen prepwed in accordance with th¢ Charities SORP {FRS 102) 'Accounting and Reporting by Chwities= Statement of Recommended Praclive applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland {FRS 102) (effcctive l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies A¢t 2006. The financial statements have been prepared under the historical cost convention. Income 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. Expenditure Liabilities are re¢ognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be requir¢d in settlement and the amount of the obligation ¢an be tneasured reliably. Expenditure is aceounled for on an accruals basis and has been classified under headings that aggregate all Cost related to the category. Where costs ¢annot bc directly attributed to particular headings they have been allocated to activities on & basis consistent with th¢ use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a committnent but not accrued as ¢xp¢nditurc. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each et over its estitnated useful life. Fixtures and fittings Con]puter equipment 10_ 20 0/0 on reducing balance 200/0 on cost Stocks Stocks are valued at thc lower of cost and net realisable value, aftcr making due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporation tax on its ¢haritablc activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the dis¢retion of the trustees. Restricted funds can only be used for p9rticular restricted purposes within the objects of the charity. Restrictions arise when specified by thc donor or when funds are raised for particular restricted purposes. urthcr explanation of the nature and purpose of each fund is included in the notes lo the financial statements. Pension Costs and other post-retirement benefits The charitable company operates a defincd contribution pension schcme. Contributions payable to the charitable company's pension scheme arc charged to the Statement of FinaneiaI Activities in the period to which they relate. Funds General funds are unrestricted funds which are available for use at Ihc discretion of thc trusE¢es in furtheran¢e of the general objectives ot the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes as detailed in the notcs to the accounts. Resrrictcd funds are funds which are to be used in accordance with specific resttictions imposed by the donors or which have been raised by the charity for particular purposes. Page 9 continued...
ASSOCIA TION OF BRITISH RIDIING SCHOOLS NOTES TO THE FILYALYCIAL STATEMENTS- continued FOR THE YEAR EIYDED 31 IRCH 2024 OTHER TRADING ACTIVITIES 2024 2023 Members subscriptions Safeguarding coursc income Certificate in equestrian ¢oa¢hing and apprentice scheme Rider test booklets and sale of merchandise 48,868 3,681 42,386 34418 38,822 4,691 28.672 17.477 129J53 89,662 INVESTMEIYT INCOME 2024 2023 Deposit account interest 316 57 CHARfTABLE ACTIVITIES COSTS Direct Costs (see note 5) Grant funding of aclivitics Support osts Totals Charitable activities 105526 2,651 1,813 109,990 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Safcguarding Course ¢osts Rider test booklets and sale of merchandise expenses Conference expenses Cost of certificate in equestrian coaching and apprentice scheme Insurances Printing stationcry and office costs Postage Advertising and PR Telephone Comput¢r operating costs Travel expenses Legal and professional fees Bank charges General expenses Fees and subscriptions Mctnbcrship benefits Depreciation 34,592 2514 11,766 601 28,224 2,305 4J59 1,165 4,694 81)9 1,232 687 24,967 4,484 6,296 72 17,867 2.077 4,414 994 3.576 1,087 1.083 622 198 1,265 681 4.706 4,701 381 1,115 312 4519 6201 431 105526 79,471 All expenditure is recognised when a liability is incurred and has been classified under headings that aggregate all costs related to that heading. Costs of charitable activities are expenses dir¢¢tly in¢urred in achieving the objectives of th¢ charity Page 10 continued...
ASSOCIATION OF BRITISH RIDING SCHOOLS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEI{EXPENDITURE) Net income/{expenditure} is stated after Chargin(credIting)'. 2024 2023 Depreciation- owned assets 430 380 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses During the year, l {2023 - 1} tNstees was reimbursed expenses totalling £315 (2023 - £269). Expenses were reimbursed in respect of travel expenses. STAFF COSTS The average monthly number of etnployees during the year was as follows: 2024 2023 io Employees and trustees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Other trading activities Jnvcstment income 89,662 57 89,662 57 Total 89,719 89,719 EXPETrIDITURE ON ChArÉtsble activities Charitable activities 81,811 81,811 NET INCOME 7.908 7,908 RECONCILIATION OF FUNDS Total funds brought forward 35,803 35.803 TOTAL FUNDS CARRIED FORWARD 43,711 43,711 Pagell continued...
ASSOCIATION OF BRITISH IUDING SCHOOLS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 io. TANGIBLE FIXED ASSETS Fixtures Computer cquipment fittings Totals COST At l April 2023 Additions 9262 1,716 6,700 15,962 1,716 At 31 March 2024 10,978 6,700 17,678 DEPRECIATION At l April 2023 Charge for year 7,482 6,700 162 14,182 430 At 31 March 2024 7,750 6,862 14.612 ET BOOK VALUE At 31 March 2024 3228 (162) 3,066 At 31 March 2023 1,780 1,780 Tangible fixed ass¢ts costing more than £5(K> are capitaliscd. On disposal, the difference between the net disposal proceeds and the ¢anying amount of the item sold is recognised ia income and expenditure. ii. STOCKS 2024 2023 Finished gOS 3,942 1,588 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued income 8297 496 5575 17,214 2,775 14,368 19.989 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Creditors Social security and other teS Other eredilors Accruals Deferred in¢ome 2,490 827 16,110 (480) 5,054 2,168 1.830 21,704 24,001 25,702 Page 12 continued...
ASSOCIATION OF BRITISH RIDING SCHOOLS NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrtcted funds GcDeral fund 43,711 61255 (3,465) 101,501 Restrieted funds CIC Workshop CIEC Bursaries Health of Riding EstV4blishments Response Project 2,496 617 2,496 4,082 3,465 3,095 3,095 6,208 3,465 9,673 TOTAL FUNDS 43,711 67,463 111,174 Net movement in funds, included in the above are as follows.. Incoming resources Resourccs expcnded Movement in fiwds Unrestricted funds General fund 165,123 (103868) 61,255 Restricted funds CIC Workshop CIEC Bursarics Heth of Riding Establishments Response Project 5,069 4,082 {2,573) (3,465) 2,496 617 3,179 (84) 3,095 12J30 {6,122} 6,208 TOTAL FUNDS 177,453 (l(V),990) 67,463 Comparatives for movement in hnds Nel mov¢ment At 31.3.23 At 1.4.22 in funds Unrestricted funds Gcneral fund 35,803 7,908 43,711 TOTAL FUNDS 35,803 7,908 43,711 Comparative net movement in funds, includ¢d in the above are as follows.. Jncoming resources Resources expended Movement in funds Unrestricted funds General fund 89,719 (81,811) 7.908 TOTAL FUNDS 89,719 (81,811) 7,908 Page 13 continued...
ASSOCIATION OF BRlSH RING SCHOOLS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT tN FUNDS- continued A currcnt year 12 months and prior year 12 months combin¢d position is as follows". N¢t movement in funds Transfers between funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 35,803 69,163 (3,465) 101,501 Restricted funds CIC Workshop CKEC Bursaries Heth of Riding Establishments Response Project 2,496 617 2,496 4,082 3,465 3,095 3,095 6,208 3,465 9,673 TOTAL FUNDS 35.803 75,371 111,174 A current year 12 months and prior year 12 months combined net movement in fund4 included in the above are as follows.. Incoming resources ResoU¢S expended Movement in funds Unrestricted funds G¢n¢ral fund 254,842 (185,679} 69,163 Restricted funds CIC Workshop CIEC Bursaries Health of Riding Establishments Response Project 5,069 4,082 (2,573) (3,465} 2.496 617 3.179 (84) 3.095 12,330 (6.122) 6,208 TOTAL FUNDS 267,172 {191.801) 75.371 15. RELATED PARTY DISCLOSURES There were no related party transathions for the year ended 31 March 2024. Poge 14
ASSOCIATION OF BIUTISH RIDING SCHOOLS DETAILED STATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 IVIARCH 2024 2024 2023 INCOI¥IE AND ENDOWMEwrs Donations and legacies Donations Grant5 35,454 12,330 47,784 Other trading activities Members subscriptions Safeguarding course income Certificate in equestrian coaching and apprentice scheme Rider test booklets and sale of merchandise 48,868 3,681 38,822 4,691 42,386 34,418 28,672 17,477 129,353 89,662 Investment income Deposit ac¢ount interest 316 57 Total incoming resources 177,453 89,719 EXPENDITURE Charitable activities Wages Pensions Safeguarding coursc costs Rider test booklets and sale of merchandise expenses Conference expenses Cost of certificate in equestrian coaching and apprentice scheme Insurances Printing stationery and olCe Costs Postage Advertising and PR Telephone Computer operating costs Travel expenses Lcgal and professional fees B]k ¢harges General expenses Fees and subscriptions Membership benefits Fixtures and fittings Computer equipment Grants to institutions 34,204 388 2514 11,766 601 23,783 1,184 4,484 6,296 72 28224 2J05 4,359 1,165 4,694 17,867 2,077 4,414 994 3,576 1,087 1,083 622 198 1,265 681 4.706 4,701 233 148 1,232 1,1 is 312 4,519 6201 269 162 2,651 108,177 79,471 Support costs Governonce eosts Independent examinevs fee Ac¢ount8ncy and legal fees lJ50 463 1,350 990 1013 2.340 This page do¢s not fom) part of th¢ statutory financial statemcnts Page 15
ASSOCIATION OF BRITISH RIDING SCHOOLS DETAILED STATEMEwf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Total resources expended 109,990 81.811 Net income 67,463 7,908 This page does not forn) part of the statutory financial statements Page 16