Charity Registration No. 1158969 Company Registration No. 9216413 (England and Wales) NEW YATT RIDING FOR THE DISABLED TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
New Yatt Riding for th¢ Disabled CONTENTS Page Coinpany infonnation Trustees, report Independent examiners, report Financial statements Notes to the financial statements
New Yatt Riding for the Disabled COMPANY INFORMATION Trustees Miss Ann Cripps (Chair) Mrs Katherine Jackson (Secretary) Dr Sandra Einig (Treasurer) Mrs Annie Stockford Mrs Philippa Atkiiison Mrs Jenny Stowell Mrs Sara Phillips Mrs Pamela Mason Elizabeth Clarke Charity number I l58969 Company number 9216413 (England and Wales) Registered office Wilcote Road North Leigh OX29 6WT Oxfordshire Independent examiner Hilary Matthews
New Yatt Riding for the Disabled TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Structure? governance and management The charity is also a colnplY liinited by guarantee. The goveming documents are the Manoranduin and Articles of Association, dated February 2011. The trustees, who are also the directors for the purpose of company law, and wlio served during the year were: Miss Ann CrÉpps (Chair) Mrs Katherinc Jackson (Secretary) Dr Sandra Einig (Treasurer) Mrs Annie Stockford Mrs Philippa Atkinson Mrs Jenny Stowell Mrs Sara Phillips Mrs Painela Mason Elizabeth Clarke Appointinent of new trustees is based on knowledge and suitability, and confinned at special or annual general ineetings. None of the trustees have any beneficial interest in the coinpany. All of the trustees are meinbers of the company and guarantee to contribute £1 in the event of a windiiig up. The charity has no employees and is entirely run by volunteers. The trustces havc assessed the Inajor risks to which the charity is exposed, and are satisfied that systeins are in place to Initigate exposure to the Inajor risks. Objectives and activities The charity's objectives are to provide horse riding and other equine-related activities for disabled people in the Oxfordshire area and to raise funds in support of those activities. The trustees have paid due regard to guidance issued by the Charity Cominission in deciding what activities the charity should undertake. Public benefit The charity provides public benefit by delivering affordable riding and other equine-related opportunities for disabled people for the improvement of their health and well-being.
New Yatt Riding for the Disabled Achievement and performance This year we celebrated our 40 anniversary and our mission to enrich people's lives through horses has never been more relevant, as evidenced by our long Waiting List. The Trustees have presided over another year of site improvements in addition to ongoing maintenance requirements. Ivhat was a three-year fencing replacement plan, had to be fast tracked this year as the ponies pushed their way through rotten rails. The final run of around 230m of fcncing remain to be installed next year. In addition, the guttering on the stalls building and barn was replaced and inore hard standing was installed ahead of the winter. Siiicere thanks go to our Trustees, Coaches and helpers for their commitment to our cause. This is another year when we were all stretched thinner than we would liave liked and forced to reduce what we can offer to our participants, which is always sad. We currently have an impressive 88 volunteers, yet we are still looking to recruit further volunteers, particularly at weekends, to avoid cancellation of sessions and to allow us to take further riders from our extensive waiting list. Our biggest challenge at the moment is finding new coaches. The availability of coaches places rcstrictioiis on the nuinber of rides we can offer per week. We are actively looking for new coaches, but RDA coaches are generally in short supply and we caniiot compete with larger RDA centres wlio can afford to pay them for their tiine. We still own six horses of different sizes and temperaments that cater for a wide range of riders. The reduction in rides offered had an impact on them too and resulted in additional exercise and schooling being arranged for all the ponies in an effort to manage their weights and well-being. The Countryside Challeiige Course, opeiied last year, has proven very popular and riding out in the hayfield gave pleasure to all involved. Financial review This year we continued to invest heavily in yard maiiitenance, fencing and improving the field gateways to make thein safer to negotiate during the wet winter months. We also had to carry out extensive repairs to our leaking arena roof. In total, we spent nearly £30,000 on these projects. Overall, we concluded the year with a deficit of £24,974. We still have hcalthy cash reserves of nearly £44,000 which will fund our ongoinLy ficld and yard iinprovement projects. Wc have also restarted our fundraisingT efforts and submitted various graiit applications which will hopefully raise further funds in the next financial year. In addition, we also reviewed our riding fee which is heavily subsidised by donations to inake our activities inore affordable for our riders. We had kept this fee corAStant at £ l O per ride for the last four years but felt that due to the significantly increased costs of providing our activities, this was no longer sustainable. The Trustees therefore took the difficult decision to increase the riding fee to £15 per ride from I" September 2024.
New Yatt Riding for the Disabled INDEPENDEKf EXAMINER'S REPORTTO THE TRUSTEES OF NEW YATT RIDING FOR THE DISABLED I report to the trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Responsibilities and basis of report As the charity 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) 0)) of the 2011 Act. Independent examiner's statement I have completed my examination. I confimi that no material matters have corne to rny attention in connection with the examination giving me cause to believe that in any material respect: l. 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 ihat 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 Financial Rcporting Stsndard For Smaller Enlitlcs (2015). have no concerns and have corne across no other matters in connection with the examination to which attention should be drdwn in this report in order to enable a proper understanding of the accounts to be reached. Narne." Hilary Matthews Address: 31 Littlebrook Meadow, Shipton under Wychwood, Oxon, OX7 6EL. Date: 23 December 2024
New Yatt Riding for the Disabled STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Total Funds 2024 2023 Notes Incoming resources from generated funds.. Voluntary incoine Activities for generating funds Incoining resources from charitable activities 12,809 9,612 13,414 8,368 4,027 10,072 Other income: Basic Paym¢nt Scheine Interest received 1,093 840 1,378 469 Total incoming resources 37,768 24,314 Resources expended: Charitable activities Costs of generating voluntary income Governance costs 60,366 835 1,541 34,729 1,407 2,118 Total resources expended 62,742 38,254 Net incoming/(outgoing} resources for the year Fund balances at I September 2023 Fund balances at 31 August 2024 270,183 245,209 284,123 270,183 All funds are unrestricted and relate to continuing activities. There are no restricted funds. The Statement of Financial Activities includes all gains and losses in the year and theretore a statement of total recognised gains and losses has not been prepared. Thc statement of financial activities also complies with the requirements for an incoine and expenditure account under the Companies Act 2006. The notes on pages 9 - 1 I fonn part of these financial statements.
New Yatt Riding for the Disabled BALANCE SHEET AS AT 31 AUGUST 2024 Total Funds 2024 2023 Notes Fixed assets: Tangible assets 199,281 201,358 Current assets: Prepayments Debtors Cash 2,485 2,580 43,956 67,784 Total assets 245,722 271,722 Creditors: amounts falling due within one year (all accruals)) 513 1,539 Net assets 245,209 270 183 Represented by; Reserves 245 209 270 183 The eompany is entitled to the exeinption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024. No member of the coinpany has deposited a notice, pursuant to section 476, requiring an audit of these accounts. The directors acknowledge their responsibilities for ensuring that the coinpany keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affair of the coillpany as at the end of the financial year and of its incoming resources and application of resources, including it5 incorne and expenditure for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company, These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. The accounts were approved by the Trustees on 3rd November 2024 ana are signed on their behalf by: Mrs A Cripps, Chair Dr S Einig, Honorar easurer
New Yatt Riding for the Disabled NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 l Accounting policies Basis ofAccoiinting The accounts have been prepared iii accordance with applicable United Kingdoin Accounting Standards (United Kingdom Generally Accepted Accounting Practice), the Companies Act 2006, the StateTneiit of Recommended Pi"actice tor "Accounting and Reporting by Cliarities" (SORP 2005) and the Financial Reporting Standard for Snialler Entities (2015). These financial statements have been prepared under the historic cost convention, with the exception of freehold property and horses. which are included at revaluation values. The accounts have been prepcired on a going-concern basis. These accounts cover the period from I September 2023 to 31 August 2024. Cash Flom. StaÈo>mcJnt The committee have taken advantage of the exemption in Financial Reporting Standard No I (revised) from including a cash flow statement in thc committees, report and finaiicial statements on the ground that the charity is small. /ncon?ip7g Resourccjs All incoining resources are included when receivable. Voluntary income includes donations and grant income. Activities for generating funds includes funds generated from fundraising activities and events. Charitable activities relates to funds received from delivering riding sessions. RL?¥ourcL)s expendLJ Expeiiditure is recognised on an accruals basis as liabilities are incurred. 1Ce0ver&ble VAT is included as part of any expenditure incurred. Charitable activities include all the costs incurred in delivering the charitable activities. Costs of geiierating voluntary income includes those costs associated with attracting voluntary income. Govemance costs include those costs associated with meeting the Constitutional and statutory requirements of the Cliarity. Tangible assets Freeliold property and horses are shown at niarket values. All other tangible fixed assets are includcd al cost except that individual items Costing less than £100 are written off as revenue costs as the expenditure is incurred. Depreciation is calculated so as to write off the cost of an asset. less its estimated residual value, over the useful economic life of that asset. Horse tack is depreciated on a straight-line basis over 5 years. Fixtures and fittings are nom]ally depreciated on a straight-line basis over 5 years unless expected useful life is significantly different. Debtors Debtors includcs fees eamed from riding sessions delivered and invoiced but where payment is still outstanding. Flind ac'L'oiiF7tino ond rcJsoJnJes polzcy Funds currently held by the Charity are unrestricted funds and are expendable at the discretion of the committee in furtherance of the objects of the charity. It is the cliarity's policy to maintain a cash reserve at least sufficient to meet oiie year s future expenditure.
New Yatt Riding for the Disabled Creditors Creditors includes goods and services received and invoiced before year end but where payment LS Still outstanding and which are falling due within 12 months. There were no creditors falling due in inore than 12 months. 2 Voluntary income 2024 2023 Donations Grants 11,308 I,500 12,808 5,268 3,100 8,368 3 Charitable activities 2024 2023 Feed and welfare expenses Veterinary expenses Equine and riding equipment aiid related expenses Site maintenance and security expenses Utilities Insurance fees Depreciation and revaluation of fixed assets Loss on disposal of horses and equipment 5,823 1,9?3 I,022 4?,426 3,5?9 1,465 4,178 6,140 3,714 1,081 l6,201 1,914 1,385 3,758 536 34,729 60,366 10
New Yatt Riding for the Disabled 4 Tangible assets Equine Fixtures and riding and Equipment Fittings Total Freehold Property Horses Cost or Valuation Brought forward I September 2023 168,000 16,300 5,880 888 30,367 220,547 1,213 2,101 Add itions Disposa Is Carried forward 31 August 2024 168,000 16,300 6,768 31,580 222,648 Depreciation Brought forward I September 2023 1,176 1,354 18,013 2,824 19,189 4,178 Charge for the year Disposa Is Carried fonmard 31 August 2024 2,530 20,837 23,367 Net Book value At 31 August 2024 168,000 16,300 4,238 10,743 199,281 At I September 2023 168,000 16,300 4,704 12,354 201,358 5 Staff costs The charity had no employees during the year. No travel expenses were paid to the Trustees during the year. Trustees are re-imbursed for pre-authorised expenditure incurred on iteins necessary for the charitable activities.