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← Association Of British Riding Schools

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 03186520 (England and Wales) REGISTERED CHARITY NUMBER: 1158748

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASSOCIATION OF BRITISH RIDING SCHOOLS

Collards Chartered Accountants 5-9 Eden Street Kingston-upon-Thames Surrey KT1 1BQ

ASSOCIATION OF BRITISH RIDING SCHOOLS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16 to 17

ASSOCIATION OF BRITISH RIDING SCHOOLS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The charity's objectives ('objectives') are specifically restricted to the following:

(1) to raise the standard of;

(i) instruction;

(ii) horsemanship; and

(iii) the welfare of horses and ponies

(iv) the safety of both participants and horses

all to foster better enjoyment by participants in equestrian riding

(2) to act generally as a professional association for proprietors and managers of riding establishments, to foster enhanced levels of governance and increased understanding of educational opportunities that benefit participants (both able-bodied and with any form of disability) in equestrian riding;

(3) the promotion, as a member of the governing body of the sport of equestrian riding in Great Britain, of participation by persons in Great Britain (both able-bodied and with any form of disability) in healthy recreation in equestrian riding;

(4) the provision of advice, education and guidance to participants in equestrian riding (whether owners of horses, riders or coaches) and, in particular, to encourage and facilitate the development 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 equestrian riding (British Equestrian Federation) to implement their strategic plans for the development of equestrianism; and

(6) to do anything which is calculated 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 accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 or section 2 of the Charities Act (Northern Ireland) 2008.

Page 1

ASSOCIATION OF BRITISH RIDING SCHOOLS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES Public benefit

The trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard 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 interest of riding schools who provide opportunities for persons to participate in the healthy activity of riding, irrespective of ability or whether they are able-bodied or have any form of disability. The riding school is the grass roots of equestrian sport where the basic skills are learnt before riders may choose to specialise in other equestrian disciplines. Riding schools are therefore important for equestrianism as a whole.

The charity's purpose is beneficial in the following ways:

Welfare of animals is further enhanced through the improvement of riding standards and level of horse care taught in member riding schools.

All sport has inherent risks and riding is no exception. However, the charity's purpose does not, in the view of the trustees, create additional detriment or harm. In fact, the charity's purpose as an advisor and provider of training and educational opportunities to riding schools seeks actively to reduce detriment and harm to riders.

The following have been identified as potentially benefiting personally from the charity carrying out its purpose. Such benefit is incidental to the organisation carrying out its purpose:

General Charitable Purposes for public benefit notwithstanding and include:

The charity helps many sectors of the public and these include children and young people, the elderly, people with short term and long term disabilities.

Page 2

ASSOCIATION OF BRITISH RIDING SCHOOLS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE

The year to March 2025 progressed positively with our continued focus on providing support to members in this tough climate of financial uncertainty and the external challenges facing the equestrian industry. While unfortunately some established riding schools continue to reduce or close, we increased our membership levels to over 220 members and planned to introduce new membership categories during 2025 such as Equine Assisted Services for Riding Schools. Thank you so much for your support as I say every year we are here to support you and all riding schools. Despite increasing costs during this year our capital reserves increased by 11% see the financial below. To enhance the member experience, we have introduced changes to the ABRS Tests and Rosettes syllabus which continue to be popular. One important goal is to continue to increase the number of schools using the ABRS Tests and Rosettes as they add significantly to the client experience.

We held our annual conference in October 2024 at Unicorn Equestrian Centre near Cheltenham which was well attended with Jodie Hall McAteer providing the keynote address on her journey from riding school learner to one of the UK's leading showjumpers. Jim Eyre, CEO of the British Equestrian Federation (BEF), provided an industry update which highlighted the challenges facing grassroots riding. Roly Owers OBE covered the impact of social licensing with other speakers providing advice on staff retention in riding schools, council licensing and veterinary standards. The conference featured a live ridden demonstration led by Dr. Celia Grummitt of Gul Outdoor Therapy working with her staff and interested Members to showcase how practically horses can help clients with equine assisted services.

We have continued to develop partnerships with third parties to support our members, particularly with Ravenhall Insurance where members can benefit from a discount, but working also with Gallop Equestrian, Charles Owen and Equine America with the same goal.

While trading conditions remain a challenge for many members, our sales of rosettes, tests and certificates remain busy and have continued at a similar level to 2023-2024 at £33,400. Our CIEC Level 1 and 2 training courses remain popular, and we have again expanded our national footprint with the addition of Royal Artillery Saddlery Club, Wiltshire as a Training Venue giving us a national footprint of eight active Training venues from the Isle of Wight to North Yorkshire. In this year 34 candidates passed their Level 1, and 9 candidates passed their level 2 certificate in equestrian coaching so successfully training 43 student coaches. Our grateful thanks to all the schools who support us as Training Venue. This is so important due to the significant number of trained professional coaches joining our industry as a result of our combined work. Through our links with the BEF, we continue to promote bursaries to students for CIEC training.

We also received a further grant of £5000 from the BEF to provide business guidance to members and which we have used to run workshops near Reading Berkshire and in the North West. We added to our programme of relevant webinars on the same theme of the Future of Riding Schools including how to set up as a Community Investment Company (CIC) with more planned. We also launched a YouTube channel in May 2024 which will help share updates and training material.

We continue to review the new membership joining and renewal process to make this simpler and easier to complete. In the coming year, we are looking to expand our direct debit facilities to make it easier for members to pay in instalments rather than just annually, and to complete new member applications online as much as possible.

This is becoming an increasingly more challenging environment on many platforms as in addition to economic concerns, other changes are required of all businesses and organisations as society raises their demands for greater inclusion, reduced environmental impact, and an increase in sustainable solutions. We need to boost our capabilities every year to better support members' need in today's industry so they operate effectively in the sometimes difficult world surrounding social licence issues. We are working closely with the BEF and other equine bodies to ensure our Members' interests are represented to government in all these areas .

There have been governance and staff changes this year as we welcomed Ben Mayes, ex-President of the British Equine Veterinary Association Council (BEVA), who joins as Equine Welfare Advisor, engaging with Members as needed. Ben continues to practice as a Veterinary Officer in the Council Licensing process in the South. In the office, Cathie Hawkins, who joined us in March 2023 as Membership Manager, has now relocated to the south-west with our thanks for her work. Janice Hawkins, who was Membership Officer, has taken on the role of Membership Manager. She is ably supported by Laura Cook who is responsible for fulfilment and CIEC documentation. Susan Beasey continues as Training Manager dedicated to leading nationally the CIEC training programmes. Janice has been joined by Stephanie Young as Development Manager who leads on marketing, developing our membership numbers, supporting members, and building external business partnerships. Our President Julian Marczak continues to support us and maintains his coffee visits to keep in touch.

As always, we will continue to work to increase our contribution, strengthen our team and better support our Members through becoming more efficient, provide more relevant training, and related advice, so we are by your side every step of the way, so important in these times to keep ourselves, our clients and staff safe. Thank you for your support and loyalty, truly appreciated.

Page 3

ASSOCIATION OF BRITISH RIDING SCHOOLS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Financial Review

We have continued to maintain our financial position against a challenging economic environment. For 2024-25, the charity is reporting a surplus of £12,633 (2024 - £67,463, 2023 - £7,908) noting that 2024 included prior year Gift Aid recoveries. This latest surplus reflects an increase in membership, training and related sales. We also received another grant of £5000 from the British Equestrian Federation to provide business guidance to members in support of our charitable activities.

Total income including grants was £152,992 (2024 - £181,095), the 2024 figures again reflect the receipt of prior years' Gift Aid. Total costs amounted to £140,259 (2024 - £113,632). Expenses have increased due to increased staff costs to support the office, cost of running additional CIEC training courses, and ongoing work to improve the quality of tests and rosettes.

The total funds held by the Charity increased to £123,807 from £111,174 in 2024

Reserves policy

The charity operates an unrestricted fund. The trustees have reviewed the financial needs of the charity and consider that they should aim to have sufficient unrestricted funds on hand or on call to ensure that should there be a short term loss of income that there would be sufficient funds available to meet operating costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited 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.

Structure, governance and management

At each annual general meeting one-third of the trustees (who are also directors for the purpose of company law) or, if their number is not three or a multiple of three, the number nearest to one-third, must retire from office. If there is only one trustee he or she must retire. The trustees to retire by rotation shall be those who have been longest in office since their last appointment. If any trustees became or were appointed trustees on the same day, those to retire shall (unless they otherwise agree among themselves) be determined by lot. If a trustee is required to retire at an annual general meeting by a provision of the articles, the retirement shall take effect upon the conclusion of the meeting, unless he or she is re-appointed in accordance with the Memorandum and Articles of the Association of British Riding Schools.

In accordance with Article 28, the President is elected annually. Our current President is Julian Marczak who being eligible, is willing to stand for re-election.

In accordance with Article 35, the trustees retiring at this general meeting are George Baber and Julie Pedley, who being eligible, 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 and/or specialist press. Short-listing and interviews take place against agreed criteria. Interviews are carried out by a small panel of trustees and each candidate is asked similar questions to ensure a fair and objective approach. Preferred candidates are identified, subject to references, formal vetting and approval by the full trustee board they are then either co-opted or recommended to the members for election onto the board. The trustees check that the candidates have not been disqualified from acting as trustees, and candidates are asked to confirm in writing that this is the case. Candidates are asked to consider and declare any existing or potential conflicts of interest. When accepted onto the board they are assigned a mentor.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03186520 (England and Wales)

Registered Charity number

1158748

Registered office

Blenheim Business Centre Smithers Hill Shipley West Sussex RH13 8PP

Page 4

ASSOCIATION OF BRITISH RIDING SCHOOLS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Trustees

G Baber C A Boulton P Leverton J Pedley J L Williams D Parker C Fiddes R Suti Director B Mayes (appointed 16.12.24)

Independent Examiner

Collards Chartered Accountants 5-9 Eden Street Kingston-upon-Thames Surrey KT1 1BQ

INDEPENDENT EXAMINER

The independent examiner, Collards, Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 11 December 2025 and signed on its behalf by:

J L Williams - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSOCIATION OF BRITISH RIDING SCHOOLS

Independent examiner's report to the trustees of Association of British Riding Schools ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity'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 ('the 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 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) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting 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 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.

Andrew Harker FCCA

Collards Chartered Accountants 5-9 Eden Street Kingston-upon-Thames Surrey KT1 1BQ

11 December 2025

Page 6

ASSOCIATION OF BRITISH RIDING SCHOOLS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Other trading activities
2
145,474
Investment income
3
522
Total
145,996
EXPENDITURE ON
Charitable activities
4
Charitable activities
130,694
NET INCOME/(EXPENDITURE)
15,302
Transfers between funds
15
1,666
Net movement in funds
16,968
RECONCILIATION OF FUNDS
Total funds brought forward
101,501
TOTAL FUNDS CARRIED FORWARD
118,469		 Restricted
funds
£
5,000
1,996
-
6,996
9,665
(2,669)
(1,666)
(4,335)
9,673
5,338		 2025
Total
funds
£
5,000
147,470
522
152,992
140,359
12,633
-
12,633
111,174
123,807		 2024
Total
funds
£
47,784
132,995
316
181,095
113,632
67,463
-
67,463
43,711
111,174

The notes form part of these financial statements

Page 7

ASSOCIATION OF BRITISH RIDING SCHOOLS

BALANCE SHEET 31 MARCH 2025

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
2,660
CURRENT ASSETS
Stocks
12
4,754
Debtors
13
9,043
Cash at bank and in hand
126,783
140,580
CREDITORS
Amounts falling due within one year
14
(24,771)
NET CURRENT ASSETS
115,809
TOTAL ASSETS LESS CURRENT LIABILITIES
118,469
NET ASSETS
118,469
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
5,916
5,916
(578)
5,338
5,338
5,338		 2025
Total
funds
£
2,660
4,754
9,043
132,699
146,496
(25,349)
121,147
123,807
123,807
118,469
5,338
123,807		 2024
Total
funds
£
3,065
3,942
14,368
113,799
132,109
(24,000)
108,109
111,174
111,174
101,501
9,673
111,174

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 11 December 2025 and were signed on its behalf by:

J L Williams - Trustee

The notes form part of these financial statements

Page 8

ASSOCIATION OF BRITISH RIDING SCHOOLS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 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 recognised 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 required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

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

Fixtures and fittings - 10 - 20 % on reducing balance Computer equipment - 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Funds

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of 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 notes to the accounts.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for particular purposes.

continued...

Page 9

ASSOCIATION OF BRITISH RIDING SCHOOLS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. OTHER TRADING ACTIVITIES

Members subscriptions
Safeguarding course income
Certificate in equestrian coaching and apprentice scheme
Rider test booklets and sale of merchandise
Regional meetings and training days
Conference income
3.
INVESTMENT INCOME
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Charitable activities
5.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Safeguarding course costs
Rider test booklets and sale of merchandise expenses
Conference expenses
Cost of certificate in equestrian coaching and apprentice scheme
Insurances
Printing stationery and office costs
Postage
Advertising and PR
Telephone
Computer operating costs
Travel expenses
Bank charges
General expenses
Fees and subscriptions
Membership benefits
Depreciation		 Direct
Costs (see
note 5)
£
138,690		 2025
£
61,033
4,792
43,281
33,422
468
4,474
147,470
2025
£
522
Support
costs
£
1,669
2025
£
42,713
3,064
22,324
4,585
40,007
1,542
4,324
1,417
3,653
894
1,257
198
1,097
338
5,355
5,517
405
138,690		 2024
£
48,868
3,681
42,385
34,418
-
3,643
132,995
2024
£
316
Totals
£
140,359
2024
£
34,592
2,514
11,766
4,243
28,224
2,305
4,359
1,165
4,694
809
1,232
687
1,115
312
4,519
6,201
431
109,168

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 directly incurred in achieving the objectives of the charity

continued...

Page 10

ASSOCIATION OF BRITISH RIDING SCHOOLS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. OTHER

7. NET INCOME/(EXPENDITURE)

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

2025 2024
£ £
Depreciation - owned assets 405 431

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

During the year, 1 (2024 - 1) trustees was reimbursed expenses totalling £1,097 (2024 - £315). Expenses were reimbursed in respect of travel expenses.

9. STAFF COSTS

The average monthly number of employees during the year was as follows:

10.

Employees and trustees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
35,454
Other trading activities
132,995
Investment income
316
Total
168,765
EXPENDITURE ON
Charitable activities
Charitable activities
107,510
NET INCOME
61,255
Transfers between funds
(3,465)
Net movement in funds
57,790
RECONCILIATION OF FUNDS
Total funds brought forward
43,711
TOTAL FUNDS CARRIED FORWARD
101,501		 2025
9
Restricted
funds
£
12,330
-
-
12,330
6,122
6,208
3,465
9,673
-
9,673		 2024
9
Total
funds
£
47,784
132,995
316
181,095
113,632
67,463
-
67,463
43,711
111,174

continued...

Page 11

ASSOCIATION OF BRITISH RIDING SCHOOLS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

11. TANGIBLE FIXED ASSETS

Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 April 2024 and 31 March 2025
10,978
6,700
DEPRECIATION
At 1 April 2024
7,913
6,700
Charge for year
405
-
At 31 March 2025
8,318
6,700
NET BOOK VALUE
At 31 March 2025
2,660
-
At 31 March 2024
3,065
-		 Totals
£
17,678
14,613
405
15,018
2,660
3,065

Tangible fixed assets costing more than £500 are capitalised.

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in income and expenditure.

12. STOCKS

Rosettes and plaques
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals
Deferred income		 2025
£
4,754
2025
£
3,292
497
5,254
9,043
2025
£
8,367
60
14,497
1,350
1,075
25,349		 2024
£
3,942
2024
£
8,297
496
5,575
14,368
2024
£
2,489
827
16,110
1,350
3,224
24,000

continued...

Page 12

ASSOCIATION OF BRITISH RIDING SCHOOLS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

15. MOVEMENT IN FUNDS

Net
movement
At 1.4.24
in funds
£
£
Unrestricted funds
General fund
101,501
15,302
Restricted funds
CIC Workshop
2,496
(401)
CIEC Bursaries
4,082
(1,996)
Health of Riding Establishments Response
Project
3,095
(2,639)
BEF Business Guidance
-
2,367
9,673
(2,669)
TOTAL FUNDS
111,174
12,633
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
145,996
Restricted funds
CIC Workshop
-
CIEC Bursaries
1,996
Health of Riding Establishments Response
Project
-
BEF Business Guidance
5,000
6,996
TOTAL FUNDS
152,992
Comparatives for movement in funds
Net
movement
At 1.4.23
in funds
£
£
Unrestricted funds
General fund
43,711
61,255
Restricted funds
CIC Workshop
-
2,496
CIEC Bursaries
-
617
Health of Riding Establishments Response
Project
-
3,095
-
6,208
TOTAL FUNDS
43,711
67,463		 Transfers
between
At
funds
31.3.25
£
£
1,666
118,469
-
2,095
(1,666)
420
-
456
-
2,367
(1,666)
5,338
-
123,807
Resources
Movement
expended
in funds
£
£
(130,694)
15,302
(401)
(401)
(3,992)
(1,996)
(2,639)
(2,639)
(2,633)
2,367
(9,665)
(2,669)
(140,359)
12,633
Transfers
between
At
funds
31.3.24
£
£
(3,465)
101,501
-
2,496
3,465
4,082
-
3,095
3,465
9,673
-
111,174

continued...

Page 13

ASSOCIATION OF BRITISH RIDING SCHOOLS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
CIC Workshop
CIEC Bursaries
Health of Riding Establishments Response
Project
TOTAL FUNDS		 Incoming
resources
£
168,765
5,069
4,082
3,179
12,330
181,095		 Resources
Movement
expended
in funds
£
£
(107,510)
61,255
(2,573)
2,496
(3,465)
617
(84)
3,095
(6,122)
6,208
(113,632)
67,463

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
CIC Workshop
CIEC Bursaries
Health of Riding Establishments Response
Project
BEF Business Guidance
TOTAL FUNDS		 Net
movement
At 1.4.23
in funds
£
£
43,711
76,557
-
2,095
-
(1,379)
-
456
-
2,367
-
3,539
43,711
80,096		 Transfers
between
funds
£
(1,799)
-
1,799
-
-
1,799
-		 At
31.3.25
£
118,469
2,095
420
456
2,367
5,338
123,807

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
CIC Workshop
CIEC Bursaries
Health of Riding Establishments Response
Project
BEF Business Guidance
TOTAL FUNDS		 Incoming
resources
£
314,761
5,069
6,078
3,179
5,000
19,326
334,087		 Resources
Movement
expended
in funds
£
£
(238,204)
76,557
(2,974)
2,095
(7,457)
(1,379)
(2,723)
456
(2,633)
2,367
(15,787)
3,539
(253,991)
80,096

continued...

Page 14

ASSOCIATION OF BRITISH RIDING SCHOOLS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 15

ASSOCIATION OF BRITISH RIDING SCHOOLS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Members subscriptions
Safeguarding course income
Certificate in equestrian coaching and apprentice
scheme
Rider test booklets and sale of merchandise
Regional meetings and training days
Conference income
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pensions
Safeguarding course costs
Rider test booklets and sale of merchandise expenses
Conference expenses
Cost of certificate in equestrian coaching and
apprentice scheme
Insurances
Printing stationery and office costs
Postage
Advertising and PR
Telephone
Computer operating costs
Travel expenses
Bank charges
General expenses
Fees and subscriptions
Membership benefits
Fixtures and fittings
Computer equipment
Grants to institutions
Support costs
Governance costs
Independent examiner's fee
Carried forward		 2025
£
-
5,000
5,000
61,033
4,792
43,281
33,422
468
4,474
147,470
522
152,992
42,413
300
3,064
22,324
4,585
40,007
1,542
4,324
1,417
3,653
894
1,257
198
1,097
338
5,355
5,517
253
152
-
138,690
1,440
1,440		 2024
£
35,454
12,330
47,784
48,868
3,681
42,385
34,418
-
3,643
132,995
316
181,095
34,204
388
2,514
11,766
4,243
28,224
2,305
4,359
1,165
4,694
809
1,232
687
1,115
312
4,519
6,201
269
162
2,651
111,819
1,350
1,350

This page does not form part of the statutory financial statements

Page 16

ASSOCIATION OF BRITISH RIDING SCHOOLS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Governance costs
Brought forward
Accountancy and legal fees
Total resources expended
Net income		 2025
£
1,440
229
1,669
140,359
12,633		 2024
£
1,350
463
1,813
113,632
67,463

This page does not form part of the statutory financial statements

Page 17