COMPANY REGISTRATION NUMBER: 09146301 CHARITY REGISTRATION NUMBER: 1158881 Wilton Riding for the Disabled Association Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 MA DEE AC NTAN YLTD Licensed Financial Accountants 1 Pennys Lane Wilton Salisbury Wilts SP2 OBE
Wilton Riding for the Disabled Association Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities {including income and expenditure account) 10 Statement of financial position 11 Notes to the financial statements 13
Wilton Riding for the Disabled Association Company Limited by Guarantee Trustees, Annual Report (Incorporating Ihe Director's Report) Year ended 31 March 2024 The trustees, who are also the directors lor the purposes of company law, present their report and the unaudited financial statements ol Ihe charity lor the year ended 31 March 2024. Aeterence and admlnistrative detalls Regislered charlty name Wilton Riding for the Disabled Association Charity registratlon number 1158881 Company regislratlon number 09146301 Prlnclpal office and reglstered 4 Sl Albans Close offl¢e Bishopdown Farm Salisbury Wiltshire SP1 3FN Th8 trustees Mrs Thomas Mrs H Bennett Samantha Cain Elizabeth Cairns Mr Dixon Mrs Drew . Treasurer Mrs Hounsome Mr Maclean Mrs Marking Miss A Walden Dr Worrall - Chairman (Appointed 17 January 2024) IAppoinled 17 January 20241 (Resigned 10 May 20231 Independenl examlner Sarah Hughes-williams Macdees Accountancy Limited Structure, governance and management The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2023 10 31 March 2024. The Annual report Serves the purposes ol both a Trustees, report and a directors report under company law. The Trustees confirm that the Annual report and financial statements ol the charitable company comply with the current statutory requirements, the requirements ol the charitable company's governing document and the provisions ol the Statement ol Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS1021 lellective 1 January 2019}. Since the Company qualifies as small under section 382 01 the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 Islralegic Report and Directors Report) Regulations 2013 has been omitted.
Wilton Riding for the Disabled Association Company Limited by Guarantee Trustees. Annual Report (Incorporating Ihe Director's Report) {contlnued) Year ended 31 March 2024 Oblectlves and activities a. Objectlves The objects of The Charity are to promote the objectives of The Riding for the Disabled Association incorporating Carriage Driving - a charity registered under Charity Number 244108 (The Association) by providing people with disabilities the opportunity lo ride, drive or engage with horses to benefit their health and wellbeing. Wilton RDA does not offer carriage driving. The Charity provides therapeutic riding to benefit the health and wellbeing of children and adults with both physical and mental disability and learning dilliculties. This takes place al the Pembroke Cenlre, Home Farm Road, Wilton. Wilton RDA operates primarily in school term lime from Tuesday to Thursday 9:30 10 3:30 pm and Saturdays 9..30 to 2.'OOpm. In setting objectives and planning lor activities, the Trustees have given due consideration lo general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public enefit.. running a charity (PB21'. b. Actlvllles undertaken to achleve oblectives The Charity has continued lo work lo achieve the aims of its Mission Statement.. RIDING: Demand lor riding sessions continues lo grow. Fiona Larkin and Claire Hacker continue lo meet the challenge ol reducing a wailing list and providing sessions lor the maximum number ol riders while keeping the pony/horse usage at manageable levels. Quite a lew ol our ponies are old and can only work lor a limited time each day. Riders come lor a block of six weeks riding al a charge of £10 per session. The charge has b8en completely accepted and understood by riders. We have a fund available for any rider who is unable to meet the cost. During school holidays we have introduced 'Own a Pony, days. These give riders the chance to spend a longer time with a pony and to experience caring for a pony as well as riding. These days have proved lo be very popular. We have appointed our lirsl Rider Ambassador, Victoria Cheshire. She has introduced the Ambassadors Award which will be given annually lo a Coach in recognition ol all the work they do. GROUND BASED ACTIVITIES: Emma Bull provides Equine Assisted Learning Sessions. These have been extremely successful and are especially helpful lor young people with anxiety issues. On Mondays the Yoga with Horses group meets. The group has been a great success lor our own volunteers. Tea with a Pony sessions continue lo be a great success. Sessions lake Fjace on Friday afternoons. Guests are introduced lo the ponies and then have the opportunity to meet and stroke them before joining ihe volunteers for tea and cakes in the clubroom. This year we have run sessions for., 21ind Veterans, Alabare, Mencap, Milford House, Alzheimers Support,The Porton Friday Club, the Creative Skills Club, Barchester House, Salisbury Manor and the Whiteparish GP Surgery. The sessions have
Wilton Riding for the Disabled Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnufjd) Year ended 31 March 2024 been enjoyed by by both guests and volunteers. We are immensely grateful to Ihe many volunteers who have made cakes and given up their lime to run the sessions. There is no doubl that simply being with horses can have a profound impact, both stimulating and calming our guests. There has been nothing bul positive comments after the sessions with several ol the groups booking for further visits. HORSES AND PONIES: We have 16 horses and ponies. The Trustees would like to thank Claire Hacker, Sally Letroy and all the volunleers who look alter them throughout the year and undertake all the care and feeding on non- riding days. Sadly we have had lo say goodbye to March. He was a much loved and valued pony and will be hard to replace We purchased Mikey, already a reliable member of our horse team, from his owner Fi Larkin and have also welcomed 8ugsy who is used by FIDA but is owned by Fi. Bob Rhind- Tutt continues to do a great job looking after our fields and dealing with repairs lo fencing. COACHING AND TRAINING: We continue to provide training lo all our volunteers al the start of the school year. This is open to long standing volunteers as a refresher training and offers a comprehensive training for new volunteers. New volunteers are also supported in the early stages of volunteering by a menlorlbuddy and are provided with a handbook lo support their learning. In June this year we ran a training event lor volunteers which included excellent sessions on equine behaviour and equine assisted learning. These sessions were delivered by of our volunteers and were very well received. We are extremely grateful lo our Coaches. We have some volunteers already undertaking Coaching training and we are encouraging more people to get involved. STAFF and VOLUNTEERS: Claire Hacker continues in post as our Centre Manger. She is a huge asset to the Pembroke Centre and is a positive inspiration to riders and to volunteers. The Trustees would like lo record their thanks lor the excellent work that she does. Fi Larkin has responsibility lor organising the rides and rider5 and we are very grateful lor her skill in allocating riders to rides and in managing their expeclalions. The Pembroke Gentre could not operate without the many volunteers who give up their time lo help with riding, fundraising and all the ground based activities that we are developing. We are so fortunate in being able lo allract so many committed and talented people who are very much al the heart ol everything that we do. The Volunteer Co-ordinators have provided support lo the volunteers and make sure that everyone helping al the Cenlre feels welcomed and valued. In addition to the VC duties Bim Clarke continues lo run the DBS checks with her usual elliciency. The Adult Life Skills Group from Wiltshire College have continued to help us with the gardening and their help in clearing and tidying the gardens and grounds has been very much appreciated. The Operations Team continues to work well and the "Dashboard" summary of activities has proved to be of great benefit lo the Trustees, ensuring that strategic planning can be grounded in the practical running ol the Cenlre. Al the AGM in November we recorded our thanks to Phil Maclean lor his invaluable support as a Trustee. Work and family commitments have made it impossible lor him lo remain as a Trustee but he remains a valued friend, and sometime photographer. Jane Cairns and Sam Cain joined the Board ol Trustees and, with business and marketing experience, have already proved to be significant contributors to Ihe development of the Pembroke Centre. Chris Clack has agreed lo take on the minute taking lor Trustee meetings and all the Trustees very much appreciate her ellicient and accurate notes. The Board of Trustees continues lo provide direclion at the Centre and lo ensure that the Centre runs efficiently and ellectively. This has been an imporlant year in our development. In order lo
Wilton Riding for the Disabled Association Company Limited by Guarantee Trustees, Annual Report (Incorporaling the Director's Report) (contlnued) Year ended 31 March 2024 demonstrate that our commitment was to equine therapy rather than solely Iherapeulic riding the Trustees agreed to invesl in a new image, name and logo. This is reflected in the new name, the Pembroke Centre, and a new logo which shows an equine image rather than a rider. The development is still very much work in progress but we are building a new web site and have commissioned some new signs and promotional materials. Wilton RDA, EAL and Tea with a Pony are elemenls ol equine Iherapy running under this banner. We want to ensure that we are seen as a resource for the wider community and lo offer help to people who could benefit from a relationship with horses rather than only riding them. We are also very much aware that Wilton RDA has a long -standing reputation in the community and will be making sure that this is not overlooked. Wilton RDA remains our core business and the name of the charity. The Trustees are especially grateful for Ihe patience ot volunteers during this transitional period. FUNDING and FUNDRAISING: With legacies, donations and lundr&'sing activities we continue to be in a good financial slate. The Trustees have ensured that spending is carefully monitored and managed so that we can keep running costs to a minimum and we are extremely fortunate in having Tricia Drew as our Treasurer lo keep us well within targets. We received a very generous donation from Jan Hayes-Newington, a former volunteer, and we are very grateful lor this and lor the time and energy she and her husband have given to us over the years. We have worked to increase our profile this year as well as to raise funds. We went back to the 1940's lor our float in the Wilton Carnival and also spent some lime talking to customers al the Co-op in Wilton. We gave a presentation at the Annual Town meeting in Wilton and also had a small display there. We also had a display and collection at the family day at Salisbury Racecourse which was a great success both lor fundraising and lor profile. We were invited lo spend a day collecting al the Salisbury Tesco store. This was once again a benefit in raising funds and profile and we are very grateful to Tesco lor this opportunity and for their continuing support. We were the main beneficiary of the Downlon Christmas Tree Festival and very much enjoyed attending this delightful event. This year we were also joint beneficiaries ol the Salisbury Mayor's Appeal. We worked with the Rotary Clubs ol Wilton and Salisbury and with the Salisbury Hospice lo support Mayor Atiqul Hoq in a variety of fund raising activities. We have received £6,000 from the Appeal so far and are very grateful to the Mayor lor naming us as beneficiaries. Our own Christmas Carol Service was, as always, a great success. Thank you to Claire Hacker and all the volunleers who made sure that il was a delight for everyone who attended. Finally I would like lo thank the Trustees, Fi and Claire and all our volunteers for their hard work and support for the Pembroke Centre It is an amazing place giving help and support to so many people in so many different ways. l am very pleased and proud to have the opportunity to be involved. Dr Jacqueline Worrall Chairman ol Trustees.
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 March 2024 Achlevemenls and performance a. Key performance indScators The charity's resources increased by £9,38012023 increased £23,785) during the year, represented by nel assets 01 £431,747 {2023 £422,367) al the year end. b. Review of actlvltles The charity had lotal incoming resources of £107,52412023 £106,467), the principal source ol funds being from donations. Expenses were £98,14312023 £82,682) Other trading activities consist of fund raising from the Wilton 100 fundraising event and various rallles. Flnanclal revlew 8. Golng concern Aller making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence lor the loreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial slatemenls. Further details regarding the adoption ol the going concern basis can be found in the accounting policies. b. Reserves pollcy Unrestricled funds al the year end lotalled £370,697 12023 £349,166>. Of this £106,931 12023 £106,931) has been designated for a particular purpose leaving a balance of £263,766 12023 £242,235) in the general fund alter legal, planning and accountancy costs. These represent unrestricted, undesignaled funds available lor The Charity's ordinary purposes ol running the centre, any funds which are in excess ol these costs and surplus lo requirements are to be utilised lor the replacemenVr8lurbshment of buildings and ancillary riding areas. Unrestricted funds includes designated funds of £70,000 held lor the replacemenvrefurbishmenl of buildings,. and in addition, donations towards clubroom furniture, a field shelter, which are being written down over the course of each of the assets estimated lifetime. c. Materlal Investments pollcy The investment policy has been to hold funds in the HSBC deposil fund. However during the year surplus funds have been invested in United Trust Bank. d. Principal rlsks and uncertalntles The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company and are satisfied that systems and procedures are in place lo mitigate our exposure to the major risks.
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnuod) Year ended 31 March 2024 Achievements and performance {contlnu8dJ Structure, governance and management a. Constltutlon Wilton Fliding for the Disabled Association is registered as a charitable company limited by guarantee and was sel up by and constiluled under the Memorandum of Association on 24 July 2014. It is a registered charity, number 1158881. b. Slruclure and governance Wilton Riding lor the Disabled Association {The Charity) Is a company limited by guarantee registered In England and Wales with company number 09146301. It was Incorporated on 24 July 2014 with the intention of taking over the activities of the The Wilton Group of The Riding lor the Disabled Association (The Groupl, registered chariiy number 1074175, which was created in February 1999. The Charity was registered with the Charity Commission on 16 October 2014 wilh charity number 1158881 and the assels of The Group were transferred lo The Charity on 31 March 2015. The Group and now The Charity operate under the umbrella ol the Riding for the Disabled Association incorporating Carriage Driving which Is a charity registered under the Charities Act 1960 with registered number 244108 (The Association). The Association is a federation ol separate member groups ol which The Charity land formerly The Groupl Is one such member. The Association's headquarters are al Norfolk House, 1 a Tournament Court, Edgehill Drive, Warwick, CV34 6LG. The Charity is govern8d by the memorandum and articles. c. Melhods of appolnlment or electlon ot Truslees Management ol the company (Wilton RDAI is the responsibility of the Trustees who are elected every year al the AGM, and il brought on board mid-year, are co-opted until such time they are elected formally al the next AGM. There are currently 10 Trustees, Philip Maclean slood down as Chair of Trustees during the year and Samantha Cain and Elizabeth Cairns joined the Trustee board. The Trustees meet at least 6 limes a year, and liaise closely with both th8 Vc's and the Centre Manager. The Trustees normally try to enlist from the volunleers who are already formally registered with The Charity, but occasionally il proves necessary to search rather wider afield. d. Pollcles adopted tor the InductSon and training ol Truslees Induction ol new Trustees is dealt with by following the guidance laid down in the RDA National's Membership Manual which, inter alia, requires all new trustees to read the relevant Charity Gommission publications.
Wilton Riding for the Disabled Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnu&#) Year ended 31 March 2024 Achievements and perlormance (contlnu8d) e. Managernent 11 is Ihe duty of Trustees to oversee the control ol the Wilton RDA, and its property and funds. They have a duty to plan for a successful future lor the cenlre, and provide value lor money from any capital expenditure that is required. Company law requires the eharily Trustees lo prepare financial statements for each year which gives a fair view ol the slate ol affair ol the charitable company and of the incoming resources and application ol resources, including the income and expenditure, ol the charilable company lor that period. 11 is the Trustees responsibility to make sure the appropriate risk assessments for the cenlre, and the activities taking place therein, are produced. Also, that all insurance policies are kept UP lo date. Trustees must ensure GDPR Implementation is applied, and lo this end has a Data Proteclion Policy and a Group Privacy Policy both ol which are displayed on the club room notice board. Claire Hacker continues in her role as Centre Manager linking the riding days and overseeing all aspects to ensure the smooth and ellicient running ol The Pembroke Centre. t. Malntenance Ongoing maintenance work on the fenc8s and field shelters continue under the supervision ol the Operations Team. Small company provlsions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 25 Sepiember 2024 and signed on behalf ol the board ol trustees by.. Mrs Drew - Treasurer Trustee
Wilton Riding for the Disabled Association Company Limited by Guarantee Independent Examiner's Report to the Trustees of Wilton Riding for the Disabled Association Year ended 31 March 2024 I report to the truslees on my examination of the financial slatemenls of Wilton Riding lor the Disabled Association {'the charity'} lor the year ended 31 March 2024. Responsibilities and basis of report As the truslees of the company land also ils directors for the purposes of company lawl you are responsible for the preparation ol the financial statements in accordance with the requirements ol the Companies Act 20061'lhe 2006 Act'}. Having salisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of my examination ol the charity s accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Independenl exarnlner's stalemenl I have completed my examination. I confirm that no matlers have come to my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect ol the charity as required by section 386 01 Ihe 2006 Act., or the financial statements do not accord with those records; or the financial statements do not comply wilh the accounting requirements ol seelion 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and lair. view which is not a matter considered as part of an independent examination., or the financial statements hav8 not been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor accounting and reporting by charilies applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102}.
Wilton Riding for the Disabled Association Company Limited by Guarantee Independent Examiner's Report to Ihe Trustees of Wilton Riding tor Ihe Disabled Association (eontlnu8d) Year ended 31 March 2024 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this rewrl in order to enable a proper understanding of the accounts lo be reached. Sarah Hughes-williams Macdees Accountancy Limited Independent Examiner 1 Pennys Lane Wilton Salisbury Wiltshire SP2 OBE 25 September 2024
Wilton Riding for the Disabled Association Company Limited by Guarantee Statement of Financial Activities (including income and expenditure accounl) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Nole Income and endowments Donations and legacies Other Iradir@ activities Inveslment income Other income 57,060 44,147 5,717 57,060 44,747 5,717 42,420 56,047 1,626 6,374 600 Total Income 106,924 600 107,524 106,467 Expendlture Expenditure on charitable activities Total expenditure 9,10 97,543 600 98,143 82,682 97,543 600 98,143 82,682 Net Income and nel movernent In funds 9,381 9,381 23,785 Reconclllation of funds Total funds brought forward Total funds carrled foThvard 361,316 61,051 422,367 398, 582 370,697 61,051 431,748 422,367 The statement ol financial activities includes all gains and losses recognised in Ihe year. All income and expenditure derive from continuing activities. The notes on pages 13 to 23 form part of these financial statements. 10
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Statement of Financial Posilion 31 March 2024 2024 2023 Noto Fixed assets Tangible fixed assets 16 223,432 226,098 Current assets Stocks Debtors Investments Cash at bank and in hand 17 18 19 2,280 13,301 112,617 87,966 735 11,000 106,951 82,970 216,164 201,656 Credltors: amounts talling due withln one year Net current assets 20 7,848 5,387 208,316 196,269 Tolal assets less current Ilabllltie8 431,748 422,367 Net assets 431,748 422,367 Funds ol the charlty Restricted funds Unrestricted funds 61,051 370,697 73,201 349,166 Total charlty funds 431,748 422,367 For the year ending 31 March 2024 the chariiy was enlilled lo exemption from audit under section 477 ol the Companies Act 2006 relating lo smajl companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial slalements for the year in question in accordance with section 476-, The direclors acknowledge their responsibilitses lor complying with the requirements ol the Act with respect to accounting records and the preparation ol financial stalemenls. These linancial statements have been prepared in accordance wilh the provisions applicable lo companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 13 to 23 torm part of these financial statements. 11
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Statement of Financial Position (tt+ntlnued? 31 March 2024 These financial statements were approved by the board of trustees and authorised for issue on 25 September 2024, and are signed on behalf of the board by.. Dr Worrall- Chairman Trustee The notes on pages 13 to 23 form part of these financial Statements. 12
Wilton Riding for the Disabled Association Company Limiled by Guarantee Noles to Ihe Financial siatements Year ended 31 March 2024 General information Willon Riding for the Disabled Association is a charitable company limited by guarantee incorporated in England and Wales with the company number 09146301. Its registered office is 4 St Albans Close, Bishopdown Farm, Salisbury, Wiltshire, SP1 3FN. The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect ol the guarantee is limited to £1 per member ol the Charity. The company is also registered with the Charity Commission and its registered number is 1158881 . Statement ol compliance Statement of Trustees, responsibilities The Truslees (who are also the directors ol the Company for the purposes ol company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company law requires the Trustees lo prepare financial statements lor each financial year Under company law, the Trustees musl not approve the financial slatemenls unless they are satisfied that they give a true and lair view ol the slate ol affairs ol the Company and ol ils incoming resources and applicalion ol resources, including its income and expenditure, for that period. In preparing these financial slatemenls, the Trustees are required to.. 1. Se18cI suitable accounting policies and then apply them consistently,. 2. Observe the methods and principles of the Charilies SQRP {FRS 1021,. 3. Make judgements and accounting estimales that are reasonable and prudent; 4. Stale whethgr applicable UK Accounting Standards{FRS 102} have been lollowed,subject to any material departures disclosed and 8xplained in the financial statements., 6. Prepare the financial statements on Ihe going concern basis unless il is inappropriate lo presume that the Company will continue in business. The Trustees are resp)nsible for keeping adequate accounting records that are suff icient to show and explain Ihe Company's transactions and disclose with reasonable accuracy at any lime the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible lor safeguarding the assets ol the Company and hence lor taking reasonable steps lor the prevention and detection of fraud and other irregularities. Approved by order of the members ol the board ol Trustees and signed on their behalf by.. Patricia Drew 13
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 Accounting policies (contlnued) Accounling policles Basls of preparation The financial statements have been prepared lo give a 'true and fair, view and have departed from the Charities IAccounls and Reports Regulations 20081 only to the extent required to provide a 'lrue and fair view,. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Reputlic ol Ireland {FRS1021 rather than Accounting and Reporting by Charities.. Statement ol Recommended Practice effective from 1 April 2005 which has since been withdrawn. Wilton Riding for the Disabled Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Golng concern The Trustees consider that the Charily is a going concern and the accounts have been prepared on that basis. For further Information see note 27. Disclosure exemptlons No cash flow stalemenl has been presented for the company. No key judgements and estimations have been sel lor this year. Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance ol the general objective5 01 the Company and which have not been designated lor other purp)ses. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use ol each designated fund is s8t out in the notes to the financial slalements Restricted funds are funds which are lo be used in accordance wilh specific restrictions imposed by donors or which have been raised by the Company tor particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use ol each restricted fund is sel oul in the notes to the financial statements. Investment Income, gains and losses are allocaled to the appropriate fund. 14
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Notes lo the Financial Statements (conllnu4ydJ Year ended 31 March 2024 Accountlng policles (conllnued) Incomlng resources All income is recognised once the Company has enlitlemenl lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. This recognition of Income from legacies is dependenl on establishing entitlement, the probability ol receipl and the ability to estimate with sufficient accuracy the amount receivable. Evidence ol enlillement to a legacy exists when the Company has sullicient evidence that a gift has been left to them Ithrough knowledge ol the existence ol a valid will and the death ol the benelactorl and the executor is satisfied that the property in question will not be required lo satisfy claims in the estate. Receipt ol a legacy musl be recognised when it is probable that il will be received and the lair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured. Gifts donated lor resale are included as income when they are sold. No amounts are included in the financial statements lor services donated by volunteers. Income lax recoverable in relation to donations received under Gilt Aid or deeds of covenant is recognised al the time ol the donation. Resources expended Expenditure is recognised once there is a legal or constructive obligation to Iransler economic benefit to a third party, il is probable that a transfer ol economic benefits will be required in settlement and this amount of the obligation can be measured reliably, expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not altribulable to a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis ol time spent, and depreciation charges allocated on the portion ol the asset's use. Costs ol generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and cosls relating lo the governance of the company apportioned to charitable activities. All expenditure is inclusive of irrecoverable VAT. Interesl receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company., this is normally upon notilicalion ol the interest paid or payable by the institution with whom the funds are deposited. 15
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Notes lo the Financial Statements (¢onllnu8dJ Year ended 31 March 2024 Accounting policies (contlnuedj Llabllities and provlslons Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can bs estimated reliably. Liabilities are recognised at the amount Ihat the Company anlicipales it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect ol the time value ol money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding ol the discount is recognised in the slat8ment ol financial activities as a finance cost. Investments Current asset Investmenls comprise cash or cash equivalents with a maturity date ol one year or more from the dale ol acquisition or opening ol the deposit or similar account. Tanglble assets Tangible fixed assets costing £250 or more are capilalised and recognised when lulure economic benefits are probable and the cost or value ol the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. Alter recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accum ulaled impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreclatlon Depreciation is calculated so as lo write oll the cost or valuation ol an asset, less its residual value, over th8 useful economic life of that asset as follows.. Centre upgrades Office equipment and tack equipment Horses and ponies Solar panels over the eslimaled life spans ol the various assets 25010 reducing balance 10°/o straight line over 20 years for the solar panel and over 12 years for the inverter over the period of the lease Indoor riding school 16
Wilton Riding for the Disabled Association Company Limited by Guaranlee Noles to Ihe Financial Statements (contlnufjd) Year ended 31 March 2024 Accounting policies (contlnu8dJ Debtors Inlerest on funds held on deposil is included when receivable and the amount can be measured reliably by the Company., this is normally upon notification of the interest paid or payable by the inslilution with whom the funds are deposited. Cash al bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale ol acquisition or opening ol the deposit or similar account. Slocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Flnanclal Instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value with the exception ol bank loans which are subsequently measured at amortised cost using the elleclive interest method. Deflned conlrlbutlon plans This Company operates a defined contribution pension scheme and the pension charge represents the amounts payables by the Company lo the fund in respect ol the year. LSmlted by guarantee Wilton Riding lor ths Disabled Association is a charitable company limited by guaran188 incorporated in England and Wales with the company number 09146301 . Ils registered ollice is 4 St Albans Close, Bishopdown Farm, Salisbury, Wiltshire, SP1 3FN. The members ol the company are the Trustees named on page 1. In the event of the Charity being wound up, this liability in respect ol the guarantee is limited to £1 per member ol the Charity. The company is also registered with the Charity Commission and its registered number is 1158881 . 17
Wilton Riding for the Disabled Association Company Limited by Guarantee Notes to the Financial Statements (conllnu4xIJ Year ended 31 March 2024 Donations and legacl88 Unrestricted Funds Restricted Total Funds Funds 2024 Donalions Donations (Non-regularl Donations (Regularl Legacies Collecting Boxes 47,556 2,575 5,275 1,654 47,556 2,575 5,275 1,654 Grants Grants Income 57,060 57,060 Unrestricted Funds Flestricled Total Funds Funds 2023 Donatlons Donations INon-regular) Donations (Regularl Legacies Gollecling Boxes 32,821 1,974 4,000 2,263 1,062 33,883 1,974 4,000 2,263 Grants Grants Income 300 300 41,058 1,362 42,420 Olhar tradlng actlvllles Unrestricted Funds Restricted Total Funds Funds 2024 Various fund raising events Use of school, Riding & Pembroke Centre Sale of goods Sale ol excess solar energy 5,206 34.925 2,435 1,581 5,206 35,525 2,435 1,581 600 44,147 600 44,747 Unrestricted Funds Restricted Tolal Funds Funds 2023 Various fund raising events Use of school, Riding & Pembroke Centre Sale of goods Sale ol excess solar energy 8,763 40,734 2,508 1,301 1,991 750 10,754 41,484 2,508 1,301 53,306 2,741 56,047 18
Wilton Riding for the Disabled Association Company Limited by Guarantee Notes to the Financial Stalements (contlnu*d) Year ended 31 March 2024 Investment income Unrestricted Tolal Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest 5,717 5,717 1,626 1,626 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income 6,374 6,374 Expendlture on charltable activitles by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Event expenses Support costs 56,362 41,181 600 56,962 41,181 97,543 600 98,143 Unrestricted Funds Restricled Total Funds Funds 2023 Event expenses Support costs 37,315 45,354 37,315 45,367 13 82,669 13 82,682 10. Expenditure on charllable activltles by actlvlty type Activities undertaken Grant funding directly of activities Support costs Total funds 2024 Total fund 2023 Event expenses 53,888 3,074 41,181 98,143 82,682 19
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Notes to the Financial Statements (contlnu8dJ Year ended 31 March 2024 11. Analysis of support costs Analysis of support costs Total 2024 Total 2023 Staff costs General office Governance costs Support costs 8,814 9,956 3,279 19,132 8,814 9,956 3,279 19,132 8,470 4,339 1,995 30,561 41,181 41,181 45,365 12. Nel Income Net income is staled alter chargingllcreditingl.. 2024 2023 Depreciation ol tangible fixed assets 10,781 9,784 13. Independent 8xamlnatlon fees 2024 2023 Fees payable lo the independent examiner for.. Independent examination of the financial statements 1,230 1,003 14. Staff cosls The total staff costs and employe8 benefits lor Ihe reporting period are analysed as follows.. 2024 2023 Wages and salaries Employer contributions lo pension plans 8,345 469 8,022 448 8,814 8,470 The average head count ol employees during the year was 212023: 21. The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Number of staff No employee received employee benefits ol more than £60,000 during the year12023: Nill. 15. Trustee remunerallon and expenses No remuneration or other benefits from employmenl with the charity Of a relaled enliiy were received by the trustees. 20
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Notes to the Financial Stalements (contlnued) Year ended 31 March 2024 16. Tangible lixed assets Office and Long-lerm Freehold Fixtures and Other fixed Computer leasehold properly liltings assets equipment properly Total Cost At 1 Apr 2023 Additions Disposals At 31 Mar 2024 169,250 3,072 23,177 294 1811 23,390 58,489 4,729 7,271 40,688 298,875 8,095 181} 306,889 172,322 63,218 7,271 40,688 Depreciation At l Apr 2023 Charge for the year Disposals At 31 Mar 2024 29,091 15,563 14,177 4,414 9,533 72,778 4,406 1,960 1821 17,441 2,699 504 1,192 10,761 {821 83,457 33,497 16,876 4,918 10,725 Carrying amount Al 31 Mar 2024 138,825 5,949 46,342 2,353 29,963 223,432 At 31 Mar 2023 140,159 7,614 44,312 2,857 31,155 226,097 17. Stocks 2024 2023 Raw materials and consumables 2,280 735 18. Debtors 2024 2023 Trade debtors Prepayments and accrued income 4,641 8,660 13,301 4,806 6,194 11,000 19. Investment9 2024 2023 Short term bonds HSBC deposit fund 25,000 87,617 50,695 56,256 112,617 106,951 21
Wilton Ridi ng for the Disabled Association Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 20. Creditors: amounts lalllng due wlthin one year 2024 2023 Trade creditors Accruals and deferred income 811 7,037 1273} 5,660 7,848 5,387 21. Penslons and other post retlrement beneflts Defined contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £46912023: £448}. 22. Analysls ol charltable tunds Unrestrlcted funds Al Income Expenditure 31 Mar 2024 Al 1 Apr 2023 General funds Designated Fund 254,385 106,931 106,924 197,5431 263,766 106,931 361,316 106,924 {97,5431 370,697 Al Income Expenditure 31 Mar 2023 Al 1 Apr 2022 General funds Designated Fund 222,540 106,931 102,364 182,6691 242,235 106,931 329,471 102,364 (82,6691 349,166 Restrlcled funds Al Income Expenditure 31 Mar 2024 Al 1 Apr 2023 Restricted Fund 61,051 600 1600) 61,051 Al Income Expenditure 31 Mar 2023 At 1 Apr 2022 Reslricted Fund 69,111 4,103 (131 73,201
Wilton Riding for the Disabled Association Company Limited by Guarantee Notes to the Financial Statements Icontlnued) Year ended 31 March 2024 23. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assels 223,432 112,617 103,547 {7,8481 431,748 223,432 112,617 103,547 {7,8481 431,748 Unreslricted Total Funds Funds 2023 Tangible fixed assets Inveslmenls Current assets Creditors less than 1 year Net assets 226,098 106,950 94,706 (5,3861 422,368 226,098 106,950 94,706 15,3861 422,368