Company number: 09080110 Charity number: 1160676 COTSWOLD RIDING FOR THE DISABLED TRUSTEES REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021
CONTENTS ADMINISTRATIVE INFORIA4TION REPORT OF THE TRUSTEES INDÉPENDENT EXAMINEFfs REPORT TO THE TRUSTEES STATEMENT OF FINANCIAL ACTMTIES 10 BAL4NCE SHE NOTES TO THE FINANCLOL STATEMENTS 13-26
COTSWOLD RIDING FOR THE DISABLED ADMINISTRATIVE INFORMATION Charity Number 1160676 Company R9gistration Nurthr 09080110 Registered and Administrative Office Jathie BrUtt Sthool Prestbury Park RurSe Cheltenham GkNJcestershlre GL50 4SH Company Secretary C Mainstone Iresoned 29 September 20201 Ms B M Adams lapF>ointed 23 November 20201 TnTrstees Ms B M Adams (appointed 29 September 20201 MsLMCBaker Mrs J C(thill {re$ned 20 Octot*r 20211 Miss H Formby- Treasurer Mrs J Gregory (resigned 29 September 20201 Mrs J McNeilkWILson Mrs C Mainstone Mr A Phillips (resigned 28 May 2020} Mr J Porter (resigned 20 October 20211 Mr D Smith - ChaiTman Ms Laura Brookes {apwinted 20 October 2021} Ms Lynne pa08 lapwinted 20 October 2021) Ms Melar40 Pomfrett {aprxiinted 20 October 2021) All Trustees seNed throughotrt the year unless Key Management Porsonnel Claire Jenkins- Genwal Manager Debbie Powell- Operntions Manager The Trustees listed above IrePendent Examiner Haziewoc>Js LLP Windsor Housg Bayshill Road Chertenham GIOUteIre GL50 3AT Bankers Lbyds Bank P Bu5ines5 Banlong P O Box 10tIo BX11LT
COTSWOLD RIDING FOR THE DISABLED REPORT OF THE TRUSTEES (INCLUDING DVIECTORS. REPORT) For tho year ¢nd•d 31 Mah 2021 The Trustees present their report and the fin8nual sLments for the year to 31 March 2021. The Trustees. who are also dirgctors for the purposes of company law and who have served during the year and up to the date of this rgport, are set out on page 1. StruCre. Govemance and Management Cotswold Riding for the Disabled vras ipOrated on 10 June 2014. The Charity is a Company Limited by Guarantee Number 09080110 is registered with the Charities Commission - Number 1160676. The unincorporated Charity transfefred ils assets and liabilits.es to the Company on 1'Awl 2015. The CharItS goveming dornent is the Memorandum and Articles ofAssociation. The Trustees confim that they have complied with the requiremènts of secttrjn 4 of the Charitses Act 2011 to have due regard to the public bfil gU¥jan wblished by the Chaity Commission for England ar Wales. Trustees are appoinbj to p05t by rribefS at the Annual General Meeting. The board will COwOPt new Trustees as and when required during the year and their apwinlmenl referred lo the subsequent AGM for confimiation. The bwd maintains and reewS a sknlls audit and new appointrnenls are recommended based on the need to maintain an appropriate range of skrlls, experien that wll support the organisation in delivering the business plan. New Trustees undergo a briefing on the organisation. its aims and objectives and their legal obligations under Charity and company law. All Irustees are encouraged to undertake addilKJnal training as their roles and Interests requlre. The Board undertakes an annual review of the organisation to ensure that the business plan. fund raising strategy and staffing structure are alned and wll supw)rt the strategic objectNes a1 operational delivery plans. The Trustees are confident that they have the team and tools in pla with which to lyjild and grow the Charrty. The Board are committed to investing in the volunleets and wofessional staff lo make sure thstlhey have all the support that they require and that our participants receive a professional and consistent high4JLtality experien. The rW training scheme deveboped last year for volunteers is revWed and up(Jaled for best practice on 8 regular baws and is supplemented with additional training for staff and Trustees. This has been substantiaNy revised in response to the Covhl-19 requirements arKI in preparation for a relum to regular ridirnj. The Board undertakes a rolling revithv of thg library to provide up to date bgst practice and support the staff and volunteers. A similar rewew of the Business Plan and Fundraising Strategy 19 also in pjace. The focus is on mainlaining the existing financial stability whilst adding new and sustainable income SIarns. This wll allow us to continue to provide riding at a subsidised rate whilst maintsining the high standards across the organisalion for which it has beo)me renowned. Post Covi&19. the whole business model is being reviewed lo ensure that we can maintain regular ridiThJ in a more challer¥Jing finan(aal and opgratM)nal environment. The Charity is a member of National RidirYJ for the Disabted Association (RDA UK) based in Warwick. tt is however a limited Company and registered Charity in its own right and relies totally on ils own fvndraising to taise annual njnning costs of appr0MatelY £250.000. Existing facilities are secured on a Iwenty-fv&year lease with theJ(K Club al an annual pepper(x)m rent of£l.00. In addition. the Charity ovm8 fwrteen acres of freehold gr8zing land siiuated wthin 0.5 miles ofthe main riding arena.
COTSWOLD RIDING FOR THE DISABLED REPORT OF THE TRUSTEES (INCLUDING DIRECTORS, REPORn (contlnued) For the year ended 31 March 2021 Objedves and Actmtles We prowde therapy, enjoyment and a sense of achievement for adults and chiklren with a wide range of physical or mental disabiltties and leamirKJ diffictjlties through a range of activities including riding and other equine-b8sed ther8es. Our aim Is to help each of our parbciparts to reara) Ihelr full pot8ntial,' "It's what you CAN do tw unt$. We aim lo be more than IL1 a rNJiry sch(M)1- 8 sutiVe wmmunty of rers. families, CarS, schoc4s. colleges. trustees. staff. volunteers. other chartties and ponies all worknng together to ensure every Invc41 in Cotswc4d RDA aClies the very be51 that they can be. The board believes that w(xking collaboralNety with other organisations in the voluntary sector will bring greater strength lo the Charity aNI bring new opportunities for disabled peotAe in the community. We are develcying a new phase of support to the community by offering a range of unmounted activities using our ponies and facilities such as our sensory garden. This means reaching out Io groups involved with pecwe Irng dementia and other lrfe-attering conditions, and family days for Sup& groups for dk8abiltie& Achlwmnents aTrd PerfornHDce The impact of the Cowd-19 lockdown affected ts whcAe of the financial year arKI had a signifteant finanaal impact on the reported resulis. During the year the Chairman. Vice Chairman, General Manager and Operations Manager met on a regular basis in order to manage the business of the Charity. A new financtal slraty vras drafted. aThJ (>)5ts rrunimised. Staff were placed on fudough as appropriate during the year. Throughout the pandemiq the t#)ard had 2 prioribes. to ensure the safety and welfare of staff. volunteers. rKlers and herd". and to ensure that the Charity best posrtioned for long tem suNival once we were able to retum to regular ridlng. The pandemlc has had a dispr0porticale impart on the lives of our riders. In many cases their mental and phy5iLxI health has dedined significantty, and it may lake months of regular riding to recover. The value of our Servi the support to our riders in regaining their hearth should not be underestimated. Every £ raised goes dir• into supporting their joumey and help5 them achieve their potential. Riding ceased at the end of March 2020 following the first k)dtdown and plans were developed for phased retum to riding within the emerging govemmenl guideline5 and ensuring the health and Safety of rideT5. Staff and volunteers. We put in place robust Covid secure prdureS and opened our doors again in July wth just 8 riders. As restrictions eased. using'1 metre plus, mgation and training familylsupport bubbles, we were able lo continue to build on these numbers up lo 80 bad( in the saddle. By the end of the year most lessons were still 1.1 or 1..2 and the progress Ihat gjme ridets have made has bean remarkable. 40 volunteers were so pleased to be bac As the restrictions were relaxed, we were able to brirMJ back more of our rth and by Ihe end of the financial year 140 of our riders had relumed to riding. Supwting 8nd o)mmunlcatlng our tMmUnitY During the year riders ar voluntee15 were desperatety missing their time with us. Two ckned Facebook groups, one for riders and their families and another for volunteers, were set up and allowed people to remain connected. Weekly newsletters. which were issued to all riders and volunleeis. together wth increased use of social me(Jia arKI iegular website updates, helped to keep everyone in touch.
COTSWOLD RIDING FOR THE DISABLED REPORT OF THE TRUSTEES (INCLUDING DIRECTORS, REPORT) (¢onttnued) For the year endod 31 March 2021 Achlevomants and P•rfornianc• (¢ontlnued) In August we opened our Peacefvl Pony PaddcKk in our beautiful sensory walk. We were not able lo offer riding to many of our riders due to wcial distancing. Thi5 offered a Wdy to Spend time vrith pony in a safe way and at the level that works for Ihem. ft also allowed thern to bring members of their bubble them We developed a series of vtdeos Called"H(SIng Aroun aimed at riders unable to join us in the arena. The videos slar our b8auliful fell pony"Freddie" in his stable. being tad(ed up, ridden and even going in the horseb)x and then off to a show! We have individual samples of hay. shamngs. ofd tscl hair and horseshoes lo be used at various points in the wdeo. The pilot video r1Ved very polIve feedback and we are wothng with Dr Kim Schenke from Universty of Glouceslerto measure the impact ol this series. We also produced downloadable actsvity packs to keep miThJs busy over the Christrnas period. These induded fun worksheets, a cobJrirKJ competition and a desKJn a Christmas card for ¥[ yearfs ecafd as well. The videos aNJ activity packs are available on our website vww.colswoldrda. -uk We have expanded delNery ofASOAN (ourses and in September 2021 have 12 participants worklng towards vocatronal. extemalty vertfied qUIficatIOnS in Horse and Animal care whlch wll improve conffdence and the employment prospecEs. Tea a Pony. for people ling with dementia was creabj by cotsw RDA a few years ago and we welcomed over 200 peokle INing wrth dementia in 2019. As the restrlctions lifted in 2020121 we were again able to welrJ)me regularvisito as ¥11 as new care homes tr) have tea wth u8. The Trustees recognise and thank Ihe slaff forthew hard VI1kand )MmitMentto the Charity. They also recognise and thank the wonderful group of (Thimitted and dedi12ted volunteers who tum out n all weathers so that the Charity can make sure Iheir achieve the very best they can whatever their disability. bad(ground or age. Our volunteers were als0 impacbj by the restridions impowj in the ygar. Many werg desporate tr) come back to us as we stsrted rKlirw3 again but had to wail until we were able lo ensure a safe environment for them and our riders. We are grateful for your patience during these difficult times and are pleased that so many have now been able to reium to us. Flnancial R8vlew The attached financial statements have been prepared to ct)mply wrth the Charities Act 2011, the Cornpanie5 Act 2006. the Memorandum and Artides ofAsswakn"on. and Accounting and Reportir¥J by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Finanryal Rep)rbng Standard applicable in the UK and Republic of Ire18rKI (FRS 102)- {Charitie5 SORP IFRS 102)). Finance- Cost and Funding In a nomk71 year. the Charity receives no govemnEnt core grants. Servi level agreements or contrads to cover revenue costs and depends fvndraising, donations, fees from riders and funding from small and medium sized charitable trusts. This has a su¢xessful stratsgy arKI the organisation has a long track record of achieving its targets. During the year, the Charity has tsken adv ofthe financial support offered by govemroent as response lo the Covkk19 k)d(dthw. We were very yxcssful in appn9 for emergency 8nd
COTSWOLD RIDING FOR THE DISABLED REPORT OF THE TRUSTEES (INCLUDING DIRECTORS, REPORT) (contlnuedl For the year ended 31 March 2021 Flnanclal Review (continued recovery funds available from a wide range of trusts arKI foundation5 In 8ddition to donations from our existing supporters. We are grateful to e of them for their supp(wt. Our key donor in this finar[al year induded: The Julia & Hans Raur0 Trust Children In Need Anne Brooks Fairgreen Charirth Tr1 Charfes Irving National Lottery Guy Foundatson Bamwcod Trust Eoward Gosling Fwndation £60.(N)O £30.105 £25.000 £20.0 £10.CiIO £10.WO £6,000 £4,912 The success of this support made up the slKthII in les$c income SKI txrfnmuntty fundraising activity {5ee notes 3. 4 & 5 below). In the post Covid-19 enwronment, the board exFects fuTwJraisiTrJ to become irueasingty difficult. W6 have a strong and compelling rase for finanaal support and the board feels that the Charity is well positioned and well rest*cted wsthin its community of funde to retain a core level of financial support. We reeognise thatwe are going to havelo work harderto achieve OTV)ing levelsof income. The board has consequenty reVieEd the fundr8lslng strategy. Much of Ihe COVKJ funding received n the yearwas focussed on ensuring that tharities surviv1 the short tem) lockdowns and invested in their longer lemi sustainability. The key areas that wil generate in¢)Nne: Subsidised fees from indNiduals towards the costs of Cotswold RDA Subsidi5ed fees from groups aThJ JaniSatI(S Hire and bookings of the arena Training and leaming programmes, partly based on donation5 Spon50r5hip of ponies, equipment and buildiThJs Developrnent of unmounted OPFKJrtuniknes for the wider disabled 0mnty Fundratsing and grants New trading opportrjnrties In the SPTing of 2021. the charity estsbllshed a sUbdiary trading company to set up ar run retail units. A costed business plan identified that this wouhj provide a significant income stream for the charity and reduce our reliance on future fundraising. The ffirsl oudet opened in September 2021 and the flagship shop will open befor9 Chrisknas 2021. Trdding i8 strong and in line wth the business plan. This financial year has been one of ¢onsofidation of operatKins. Costs have been closely managed throuohout the pandemic and our opwating mcthl has been revlsed for the new covid compliant riding envlronmenL Most of our costs are relativety fixed. so the potential for gnICat savngs was limlled. The average Cost of caring for one of the very special ponies is £2,500 per year and the true cost of prowding a half hour group lesson is in the region of £30.
COTSWOLD RIDING FOR THE DISABLED REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORTI {¢ontinugd) For the year ended 31 March 2021 Financial Rgview {continued) We were lucky lo get the ma5ority of the herd off site and our thanks go to those supporters WIK) welmed our ponies into their own stables. We also re¢%ived signffjcant support from our suppliers who allowe(l us to trade thrcyjgh the )[sI of Ihe IcthluwTbS. The management team w(Kked closety wth RDA UK to estsbfjsh best Pfdctice for riders and staff as restrictions were relaxed. The trustees reccynise the siwtfficant contribution they rnade lo the safety of riders across the LxHJnty and the ability of groups to WelMe back their riders with speed and confiden¢g. The (Jaig¢nc8 ofourteam and their hard ())nfirmed (xjr reputation as a E9adirwJ RDA group. Despite the challenges of the year. the final for the year was a smatl financial surp$ of £60,29712020.' deffat of £13.568}. Plans for Future YeaKS To ensure we ntinUe to delNer the obiectsves forwhich the Charity is established. we have a clear path that sets out how we plan to athieve this over the nexl three to five years. These remain our objectives. bul the fx)ard is dear that the timing and ambition exmsed in the plans may have to be amended in the post Covid-19 enwronmenL The Board of Trustees and management team hekj a Strateg review in April 2021. We havè established a recovery budget for finanoal year 2021r22 and work has started on a medium-lenn strategy for the subsequent periryls. The whole team is total committed to continuing lo make difference to our disabled participants ty offering riding lessCS and other aclIves- all wth ponies at the heart of everythirMJ we do Building ourser Phase 11 ofthe improvements wll be the prowshjn ofthe SO1[ed knm7 space" project, consisting of classrooms, offices, comfortable w0ng and area for participants, familieslcarers, volunteers arKI stsff. a purl)5e-bUi1t space for the Equiuser (Mechanical Hotsel etc. To that end the Board had agreed to alhxzte £100,000 of Ils general ftjnd towards this project by March 2021. Further hypothecations to this designated fund 11 be made with a furiher £50,CKJO allocated already in the 2021122 financial year. The board expects to have planning pISsion in place by March 2022 at which point a dedicated capilal fundraising exerryse WFII slarL By providing these facibtses. we can enwre:. (al Riding all year round Ibl A wami, comfortable and so(xal Ilusr space in which families and carers can have some 'down time. and support each other 1¢) Fewer distractioresS noise Idl Improved viewing for families arKI re lel Rexible classrcx)m space lfj Office and storage space which is fft for purpM)se This prc4gCt shoukl delNer a facifty that will allow u5 to prnwde our seM(¥s lo chiklren and adults throughout GlouCeStehlre for at least Ihe next fifty year5.
COTSWOLD RIDING FOR ThE DISABLED REPORT OF THE TRUSTEES IINCLVDING DIRECTORS. REPORT) (contlnugd) For the year ended 31 Marth 2021 Plans for Future Years Icontlnued) Creafvng wst8in8ble income Sou$ The establishment of a trading company and the openlng of Cotswold RDA clwity shops wli provide a sustainable SOU of income for the charity. In the course of the next 2 yea, the Board wll expth olher cwortunltles to develop artematNe income 9enerating projects. Since the year end we have in(¥eased the numbgr ofv•POks Cotswokl RDA operates from 42 to 48 weeks a year by running through all of the schty)I holdays. We are Tunning additional rijing Eessons on a Saturday to increase capaoty further. At all times. Trustees are nsCU$ of the reSnbIrty they hokl to safeguard the charrty's funds and enter into a robust business planning and risk management exercise befor8 committing to project. Resem$ policy Whilethe Chartty is developing a broad raThJeof incomfrgeneration to support its Caritae activittes, it [5 Still heavity reliant on voluntsry donations. The majority of this income must be newly generated each year and the Trustees duly consHlerthe UnrtaInlieS aUnd fvling when setting the Charity's reserves policy. The Charity reviewed ils reseNes polry and has set its target to maintain a minimum reseNe equal to fNe months operationd costs for 2021r22 and subsequent years. At the same time. in order to devek)p the operation and complete Phase11. the Trustee5 have setaside funds towards this further capital developrnent so that il can demcthte to potential donors that the Charity is able lo meet matched funding requirements. As can be seen from the financÉal Statements that follow. the Charity is mgeting this poltcy and has set procedures in place to ensure itis maintained. At 31 March 2021 the Charity had totsl reserves of £677.371. of whth £30.420 were restricted and £100.WI were designated for expenditure on the new Rrm spa. project. £407,368 of the remaining reserves related to ChariWs fixgj a55ets. wlng a remainder of£139,583 of free reserves. Adherence lo thls polw has ensured thatcash reserves were available atthe start ofthe pandemic. These balances gnsured that the Charity was able to suryive the lockdown and post Covid-19 challenges. The subsequent receipt of effleryency and recovery funds has ensured that the level of reserves is now bad( to the levels Klentified thin this pollcy. During 2021r22 further i))nspJeration will be given to the appropriate financilevel of reserves staled in the pollcy. Pay poll¢y for key management personnel The Trustees consider thal the Board of Trustees. The General Manager and the Operations Manager comprtse the key management persomel of the Challty in charge of directing and controlling. running and operating the Charity a day to day basis. All Trustees give of the time fredy and no Trustse recewed remuneration in the year. Details of Trustees. expenses and related patytransactK>ns are dwtosed in notes 10 and 19 tothe accounts. The pay of the General Manager and other staff revvwed arnually based on perfomiance and nomially increased in accordan wth average eamings. The remurkeralion is set to ensure il is fair and will attract and retain staff of the appropriate c81ibre and experience required by the Charity. The Charity relies mainty on the donalh)ns and grants to supwt ils charilable aclivilies for whic* the Trustees woukj like lo acknowledge and thank those parties for their continued support.
COTSWOLD RIDING FOR THE DISABLED REPORT OF THE TRUSTEES {INCLUDING DIRECTORS. REPORT) (¢ontlnu8d) For the year ended 31 March 2021 Golng concern Th8 Twstees havg prepared budgets that they befieve are prudent and onty include donations and grant income which can be substsntiated. Accounts are monitored by way of a monthly finance report to the Board and bkmonthly finan(aal revlew at Board meetings. Cost saving measures are made and induded in thc6e budgets where they th not D)mpromise the health and safety of the staff, volunteers. participants and ponies. The tnjslees have revIevd the updated forec2sts. lyJdgets and business modeEs in the light ofthg Covid-19 impaGt on the Charity's business and the whder ecwomy. Financial security 18 key and the board are monitoring this on a regular basis. At the lime of the signing of the acojunts. the Tnjstees expect that income wll (tinUe to ree4)ver as rider Conffiden grows and the impact ofthe pandemic comes under contrcA. They expect cash balances and reserves to remain strong and that the Charitywill be able to meet ON1gatn8 as th8y lall due for the next 12 mnths from approval of these financial statements. For this reason, the Trustees continue to adopt the goiTrJ concgm basis in the financral statements. Statement of Trustees, responsibiliiies Company law requires the Trustees to Fware financial statements for each finanaal year. whlch give a true and falr view of the stste of affairs of the Charity and of the surplus ordgfficlt of the Charrty for that year. In preparing these financtal statements, the Trustees are required to:_ Select suitable accounling pcleS ar then apply them cgmistenltr, ObseNe methods and princieS in Ihe Charities SORP {Accounting and Rep)rtÉng by Charibes - Stslement of Recommended Practtcel, Make judgements and estimates that are reasable and prudent and Prepare the financial statements on the going concwi basls, unless it b Inappropriate to presum8 that the Charity wll continue in operatJn. The Trustees have overall restL)nsibility for ansuring that the company has an appropriate system of controls. financAal and othepmse. They are also reswnsible for keeping Pfoper accounting records. which disdose with reasonable accuracy at any time. the finanu81 posthon of the company and enable them to ensl$ thatthe ftnanual statements comptywtth the cornpan Act 2006. They are 81s0 respOnsle for safeguarding the assets of the company and hen tor the tsknng reasonable steps for preVenn and deteclk)n of fra1 and other irregularitigs. Indep8nd8nt Exarninors The Trustees recommeTrJ that HazleMThds LLP remain In office unlil fvrther notice. Small Company Exemptions This report has been prepared in acccd8nce ¥th the 8P8oal provisKffls forsmall ccffipanies under Part 15 of the Companw Act 2006. By order of the Duncan Smth Trustse & Chaimian of the Board Date
COTSWOLD RIDING FOR THE DISABLED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDrrED FINANCIAL STATEMEPtrs For the year ended 31 March 2021 I report to the Charity trustees on my eXaMinan of the financial statements of Cotswold Riding for the Disabled forthe year ended 31 March 2021, which comprise the statement of financial actimbes. the balance sheet and the related rK)tes. These financial statements have been prepared und8rthg hlstorlcal cost convention and acwnting policies set out therein. Respective responsibililiey of Trustees and Examlner As the Charitys Trustees of the Company (who are also the Director5 of the company for the purposes of company law), you are responsible for th8 preparation of the financial stat8mènl$ In a¢wrdance with the requirements of the Companies Ad 2CQ6 fthe 2006 Act") and the Charitses Act 2011 (tr 2011 Acr). Having satisfied myself that the financial statements of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible independent exarnlnalion. I report In respect of my examination of your ChariVs financial stalements as Caled out under section 145 of the 2011 Act. In caryFng out my examination. I have folk)wed the Direclions given by the Charity Commtssion {under section 14515)Ibl of the 2011 Act)- Independent Examlnerfs statement The Compan5 gross income exceeded £250.000 and l am qualified to undertake the examinatitin by b9ing a qualrfi8d m8mber of the Instiiute of Charter$ AcLxyJntants in England and Wales. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examnation which gives me USe to believe thaL in any material respecL The acCoUntg records were not kept In ac4))rdanc8 wilh section 386 of the Compani9S Act 2¢)06'. or the financial statements do not accord with such reix)rds: or thè financial ststements do not complywith relevant accounting requirements under sedion 396 of the Companies Aca 2006 other than any requirement that the financial statements give a 'true and fatrf whith 15 rnt a mattw cths#Jered as part of an indepgndent examination., or the financial Statements have not been prepared in accrydance th the methods and principles of the Charrties SORP (FRS102). I have considered the dlsdosures made in Note 2 to the financial statements with regards to the Charitys abdity to ntinue as a gng concem. I have no concerns and have come acro&8 no other matters in connection with the examinat%)n to which attention should be drawn in this report in order to enable a proper understanding of the ffinancial sL*ments to be reached. g December 2021 Scott Lawrence FCA. DChA HAZLEWOODS LLP Windsor House Bayshill Road Cheltenharn GL50 3AT
COTSWOLD RIDING FOR THE DISABLED STATEMENT OF FINANCIAL ACTMTIES (INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 March 2021 Unr•strl¢ted Rastricted Funds Funds Total 2021 Total 2020 Income Donations and legacies 193,285 51,317 244,602 120.780 Charitsbte aGtiwtses 17.805 17,805 Other fundraislng acvltles 19.646 19.646 13.814 Investrnent InM9 67 Total Income 230,803 51,317 282,120 223.124 Exp8nditure Raising funds 11.722) {1.7221 15,408} Charslabl8 experKliture 8 (174,876) (45,225) (220,1011 1231.284} Totsl exFenditure (176,598> {45.225) (221,823) (236,692) Net income l (expendiiure) PAI.297 113.5681 Trdnsfer beknn fuTh 15 5.912 15.912) Net movement in furKIs 60.017 60.297 (13,5681 Total funds brought fcwward 586.934 30.240 617,074 630.642 Total fvnds carried fcwrd 15&16 646,951 30,420 677,371 617.074 The sLarnent of Ilnan(aal acbvitss KhJdes all gaIr arKI h)5$0s in the yr and therefore a separate ststsment of total recognised gains and k)sses has not been prepared. AJI the above amunts relate to CtinuIng athities. None ofthe Ltsnpans activit was acquired or discontinued during this financial year.
COTSWOLD RIDING FOR THE DISABLED BALANCE SHEET As at 31 March 2021 Charity numbor: 1160676 Company number: 09080110 2021 2020 FIXED ASSErs Tangible a55els 11 407.368 440,273 440,273 CURRENT ASSErs Debtors Stock Cash at bank and in hand 12 13,216 2,084 268.487 21,963 2,042 163,809 283.787 187.814 LIABILlEs Credltors: amounts duo wlthin one year 13 (13,784} (11,013) NET CURRENT ASSErs 270.003 176.801 TOTAL NET ASSETS 677.371 617,074 THE FUNDS OF THE CHARrrY Restricted funds Unrestricted funds Designated fvnds 16 15 15 30.420 546.951 100.000 30,240 561,834 25,000 TOTAL FUNDS 14 677.371 617,074 The Trustees. statements required by Secthjn 475 are on ts fokn¥ing page whK* forms part of this balance sheeL li
COTSWOLD RIDING FOR THE DISABLED BALANCE SHEEf (contlnued) As at 31 March 2021 Trust8es' Statements requlred by Secth>n 475 confimi:. (a) For Ihe yw to 31 March 2021. the {nY vrds entilled to exemption from audtt under Section 477 of the Companies Act 2C(16 relating to srrrall companies; (b} The members have r)tUYed Ihe LYAY4)arytO Lrtain an audit in aca)Fdance th SeLthon 476 of the Companies Act 20(. (c) The directors acknowl theT resrmjnsibilty for with the requirements of the These financial statements have been wepared in acconkn wilh the rffovisions applicable to compantes subj'ect to the small )mpanieS regi. Approved by the Trustees. 8ulhLYis for 8t the AGM on 201h Octotr 2021 and siqned on its behalf by: Duncan Smlth Trustee & Chaimn ofthe 8oard
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS For the year endad 31 March 2021 GENERAL INFORMATION The company is a private company limited by guarantee. incorporated in England and Wales, and ConseqUty does not have share capilal. Each of the members is liable to wntribut8 an amount not excEeding £1 towards the assets of the company in the event of liquidation. The address of its wister&S office Ss: Jackie Brutton Riding School Prestbury Park Racecou Cheltenham Gknucestershire GL50 4SH ACCOUNTING POUCES The principal aUnting polic are summarised tehjw. The accounting poliaes have been applied consistentty throughout the year. Basls of Accountlng The financial statements have been prepared in accordance with Accounting and Reporbng by Charities.. Statement of Recommended practi applicable to charibes preparing their accounts in accordance with the Financial Rewrting Stsndard appluble in the UK and Republlc of Ireland {FRS 102) - {Charibes SORP IFRS 1021). the Financial Reporting Standard applicable in the UK and RepubThc of Iretand {FRS 1021 and the Companies Art Cotswold Riding forthe Disabled meets the definition of a public benefit entity under FRS102. Assets and liabilities are inilialty reccgnised at histortcal cost or transaction value unless Otherwise stated in the relevanl accounting rx)licy TrXe{sl. RKonclliatlon wlth prnvl¢>us Generaly Accepted A¢counllng Practlce In preparing the financial statemertts, the TnISt have considered whether in applylng the accounting policies required by FRS102 and the Charibes SORP FRS102 the restaternenl of LParatIV8 ttems vras r4uired and have Cond that r8slatements were rgquired. Cash Flow The Charity has taken advantage of the exemptw in FRS102 from the requlrement to PrOde a cash Ilow StatenI because it is a Sn11 Charity. Golng Concern The Charity relies on donatiorts and Irusts to support Fts ¢arilable activits. The Trustees have prepared th& financial ststements on a gc4ng concm basis on the assumption that their funding will be meL Due to the nature of cash flows, as well as the potential impact of the (yjrrent Covi&19 oulbreak as explained on page 7. there is always some uncertainty th regards lo income which reeS heavily upon donations. Th8 trusteos review fasts. bts ¢xshl]ow forecasts and •Jopt thp going concern basis in the finanoal statements on the basis that cash balances and reserves remain str()g and that the Charity will be able to meet obligations a5 they fall due for the next 12 months from approval of these financial ststements.
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 MarGh 2021 ACCOUNTING POLICIES (continued) Going Concern (continued) Should the Charity not be able to continue as a going concem, adjustments woukj be necessary to write down the value ofassets to their relrable amounts, make provisions for further liabilities that would arise on ee5sation of adiwttes and to redassrfy fixed assets and norKurrent assets and liabilities. Income l incoming resources are induded in the statementoffinancyal actrvilies when the Charity is entille¢J to the InMe and the amount can te quantified th reasonable accuracy. The followng specific policies are applied lo particuLgr categories of income., income reived relating to futsjre acbvibes is deferred. Voluntary income is received by way of grants. donations arKJ gifts and i8 included in full in the statement of financial athitses when receivable. GTants where enteMent is not cc4)ditional on the delNery of a specific wrOmwn ty the Charity are recognised when the Charity become unconditionalty entiued to the granL Donated seryS and f8rybbes are included at the value to the Charity where this on be quantified. Th8 value of serwces provided by volunteers has not been inclLided. Gifts donated for resale are included as incoming resources vithin activibes for generating funds when they are sokl. Grants. indudir4J grants for the purc4)ase of fixed assets, are reccw3nis8d in fvll in th8 slatement of finanod activitses in the year in whth they are recavable. Expenditure Expenditure is Tecognised on an ac£rual basis as a liability is incJJrred. Exp8nditure includes any VAT cannot be fulty reojvered arKI it bs reported as part of the expendire lo which rt reiates. Costs irf generating fund5 oJThwse5 of the (x)sts assated with attracting vclunlary income. Charitable expenditure corrprises those costs Inc[red by the Charity in the delivery of ils activities and setmces for its beneflarieS. comprises costs. induding personnel costs. which can be alk)cated dlredy to aCtNit. Fund Accountlng Funds hekl by the Ch81ity are either.- Unrestricted general funds - these are funds which can be used in a&ance w¢th the charitable objectives at the discretM)n of the Trustees. Designated funds- these are funds which the Charity has been able to set aside towdrds Phase 11 deveh)pment which will indude a vrami space. dassroom and offiS and are inclLKled in unrestricted general funds. 14
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the year ended 31 March 2021 ACCOUNTING POUCIES (continued) Fund Accountlng (contlnued) RestrKled funds- Ihese are funds that only be used for particutar reslricted purpose5 in th8 objects of the Charity. Restrictsons arise when Sped by the donor or when funds are raised fcrf partic)Jlar restricted purposes. Explanation of the nature and purFose of each fund 15 indudgj in the rth to the financial stslement. Tangibh Fed Ass•ts and Dopreciation Tangible fixed assets u)sling rTe than £500 are capitalised and included at cost, together with any incidental costs of acquisibon. Depreciatson aims to wrile down th8 cost or valuation of aN langiNe fixed assets excepting freehold land over their expected useful ecnnomic tive5. The rates generalty applThble are... Buildings Motor vehictes Other equlpment 10% Straight Lir 25% Reducing Baknce 25% Redng Balance Taxation The Chari8 act1w1 fall within the exemptions affded by the provision of the Income and Corporation Taxes Act 1988. Ac(x)rdingly. there Is no taxath)n chanJe inthese flnanclal stslements. The company is not registered for VAT. Lgasing Rentals payable underoperatirvJ feases are charged agn$t InMe on a straight line basis over the lease temi. DONATIONS AND LEGACIES Unrestricted R•stri¢tod Funds Funds Total 2021 Totsl 2020 Donations and Lega¢t8s Legacies and ftjneral bequests Donations Trust & Grants as donalions 1.077 37.082 155,126 1.077 37,082 155,126 2.297 37,827 19,600 Other incomo Restricted income 51.317 51.317 61,056 Totsl voluntsry Incorne 193.285 51.317 244,602 120.780 Of the income received of £244.602 in 2021 {2020: £120.780), £193,285 (2020: £59.724) was unrestricted funds and £51.31712020: £61.056} was restricted funds.
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continued) For tho year ended 31 March 2021 INCOME FROM CHARITABLE AcnvmES Unrgstrlcted Re5tri¢ted Funds Funds Total 2021 Total 2020 Lesson Incrme Use of School CRDA Shows 15,144 2,661 15,144 2.661 71.?39 16.362 17,805 17.805 Ofthe income receNed of £17,805 in 2021 (2020: £88,484), all was unrestri(*ed funds. INCOME FROM OTHER FUNDRAISING AcTInEs Unrestrieted Funds Total 2021 Total 2020 Fund raising events Fund raising trading incrAne Membership income Other Income Pony Sponsoh1P 365 2.200 492 15.597 365 2.200 492 15.597 992 6.162 542 672 19.646 19.646 13.814 Of the incom rKeived £19.646 in 202112020.. £13.8141. all was unrestrictgd fvTrJ5. INVESTMENT INCOME Uniestrict Funds Total 2021 21Y20 Bank samngs account 67 67 46 Of the In¢x)me received £67 in 2021 (2020: £461. all was unrestricted funds. 16
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ènded 31 March 2021 COSTS OF RAISING FUNDS Unrgstricted Funds Total 2021 Total 2020 Costs of generating vdunw incg)me Fund raising 1,093 629 2,338 3,070 629 1.722 1,722 5,408 Of the expenditure of £1.722 in 2021 (2020: £5.408}. al was chargod to unrestricted funds. CHARABLE EXPENDrruRE Unrestricted Restrlcted Funds Funds Total 2021 Total 2020 Pony costs Health & Safety Estsblishmenl c*Jsls Travel & Transport Depreciation Salaries Insurance Office costs Professional fees Support costs 13.062 522 10,357 29 43.037 77,975 6.741 8.339 8.097 6.717 3.120 16.182 522 10.357 29 43,037 118,080 6.741 10.339 8,097 6,717 21.139 320 14,341 1,197 47,232 125,050 6,554 8,217 5,867 1,367 40.105 174.876 45.225 220,101 231.284 or the expenditure £220.101 in 2021 {2020: £231.284). £174,876 (2020: £164,561) was charged to unrestrtcted fund5 and £43225 (2020: £66,723) was charged to restricted fijnds. NET INCOME FOR THE YEAR 2021 2020 Net irthme is stated after charging.. Depreciation Independent Examinerfs fee Operating lease rentsls- land and buiklings 43.037 2.580 47.232 2,580 17
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2021 10 EMPLOYEES 2021 2020 Wages and salaries 118,080 122,692 2.358 118.189 125.050 No (2020.. no) emth receNed enKAuments of rrm than £60,000. Trusts•s' emoluments and expenses No Trustee has received remuneration during the year. DurirYJ the year. r) Trustee recefved reimbursed expenses (2020". one Trustee receNgJ £159). Key managemenl personnel The key management personnel of Ihe Charity compiise the General Manager. the Operations Manager and the TTUStees. The totsl employee benefits of key management personnel ofthe Chanty were £73.121 (2020: £72.990 includiNJ Education Manager). Number of employees The average rnonth number of emF4oyees in the year, calcxJlate(J on the ba519 of fUltiM8 equivalents. was as follows: EMPLOYEES BY ACTMTY 2021 Number 2020 Number Charitable actNities 18
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS {continued} For tha year ended 31 March 2021 11 TANGIBLE FIXED ASSETS Frwhold Land and Buildings Equipment Total Cost or valuatlon At 1 April 2020 Additions DISEalS 454.645 9.232 124,352 900 578.997 10.132 At 31 March 2021 463.877 125.252 589.129 Dopreciatlon Al 1 April 2020 Charge for the year Elirninated on disposal 74.160 27.977 64,564 15.060 138.724 43,037 At 31 March 2021 102.137 79.624 181.761 Net book value At 31 March 2021 361.740 45.628 407.368 At 1 April 2020 59,788 440,273 Included in freehold laThJ and buildings is freehohj land of £180,CrfXI whith not depreoated. 12 DEBTORS 2021 2020 Trade debtors other debtors Prepayments and a¢xrued incorr 2.510 11,657 416 9,890 10.706 13.216 21.963
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2021 13 CREDITORS: AMOUNT FAWNG DUE wrrHIN ONE YEAR 2021 2020 Trade credrtors Other creditors Accruals 3.933 2.074 7,777 4.374 2.305 13,784 11,013 14 ANALYSIS OF NEf ASS$ BEtWEEN FUNDING Unrestrlcled Restrl¢ted Fund5 Funds Funds Fund balances at 31 March 2021 as presented by: Tangible fixed assets Current assets Current liabilities 407.368 253.367 {13.784) 407,368 283,787 113,7841 30,420 646.951 30,420 677.371
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2021 15 ANALYSIS OF UNRESTRICTED FUND MOVEMEKTS Trdnsfer 1 April from 2020 Income ExPendire Restricted 31 March 2021 General Fund 586,834 230.803 (176,598) 5.912 646.951 586,834 230,803 (176.598) 5.912 646.951 Comparative Informatlon Transfer i Aprfl from 2019 Income EXpendIre Restrlcted At 31 March 2020 General FuThJ 589.103 162.068 1169,9691 5,632 589,103 162.068 {169,969) 5,632 586,834 Purposes of unrestrlcted funds Unrestricted funding er$ all fijnding that contributes to providing rpding facilities lo the disabled. The £5,912 (2020: £5.6321 trarferred fro restricted funds were donations specrficalty gNen towards buildings, equipmen( and other cats1 assets transferred to fixed assets on completion of purchase. The Trustees have alloo2ted £1C(J,000 {2020: £25,000) of unrestricted funds towar(Is tho future planned Phase11 deveFopment of a warm area. d8ssroom and offices. 21
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS {contlnued) For the year ended 31 March 2021 16 ANALYSIS OF RESTRICTED FUND mOvEMEPs At Transfor 1 April to 2020 Income Ewditure Unrestricted At 31 March 2021 Fund 1 Ponies Fund 2 Riding Lessons Fund 3 Children in Need Pro(Jam Fund 4 Groom Salwy Fund 5 stables Fund 6 Sensory Walk Fund 7 Tack & Equipment Fund 8 Pony Costs Fund 9 Mechanical Hotse service Fund 10 Fidd Shelter Fund 11 Hoist Replacement Fund 12 Defibllllalor Fund 13 Field Shelter Fund 14 Hats ar silks Fund 15 Gates and fenc4ng Fund 16 Peaceftjl pY paddod( Fund 17 Vets and farrfers Fund 18 HaoW Fund 19 CRM system 30.105 (30,105) 10.( (10.LIXs) 28.567 28,567 595 578 578 4,912 {4.9121 1.700 (1.7(J)) (300) (820) 180 (3LYJ) (1.000) (2.(KM)) 30240 51.317 145.225) (5.912) 30.420
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2021 16 ANALYSIS OF RESTRICTED FUND MOVEMENTS {CONTINUED Comparatlve Inforn)atlon At 1 April 2019 Incomg Expenditure Unrestrlcted Transfer 31 March 2020 Fund 1 Ponies Fund 2 Riding Lessons Fund 3 Children in Ne&J Program Fund 4 Groom SaY Fund 5 Stable5 Fund 6 Sensory Walk Fund 7 Tad( & Equipment Fund 8 Pory Costs Fund 9 Mechanical Horse Fund 10 Field Shelter Fund 11 Hoist ReplaceTrt Fund 12 Defibrillator 2.700 (4.600) (s.1) 33.324 (33.324) 8.626 10.(hXI (18.626) 28.567 28,567 595 595 551 (1,573) 578 (3.6) 500 (2,032) (2.500) 1.1rKI (1.100) 41.539 61.0 166.723) 15.6321 30,240 23
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2021 16 ANALYSIS OF RESTRICTED FUND MOVEMENTS (CONTINUED) Purpose of r•stri¢tod funds Fvnd 1 Donated speaficaly for the purchase of p)nies. Fund 2 Funds donated speoficalty lo meet the subsvjised riding costs of children. Fund 3 Donated speaficaltyforthe introductil and imrAwnentstion ofaftersch)ol and holiday riding sessions. Fund 4 FundiryJ for the efflpbyment of a Sond 9rCM. Fund S Donated specfficallyforthe erect ofBam Style stables and the provision of a wam space. -The Bam style stables were completed in the previous yearand the balance will go toward5 Phase11, the provision of a wami space. classroom etc. Fund 6 Donated towards the maintenance costs of the Sensory Walk Fund 7 Donated S[fica towards costs for rithr#J equlpment and la( Fund 8 tlonated spe¢tfKally to help wth the maintenance costs of the herd. Fund 9 Mechanical Horse Service charge - Donated speafieally tyjt currenty being done by the manufacturer free of charge. Fund 10 Donated S1calY towards ¢>)sts for a figkl shelter. Fund 11 Donated Skufi11Y iowards (xjsts for a retAacement hoist Fund 12 Donated speuficalty towards costs for a defibrillator. Fund 13 Donated SFecxficaly towards Lts for a ffidd shelter. Fund 14 Donatgd lo help towards costs for hats and sllks. 24
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continuod) For the ygar endod 31 March 2021 16 ANALYSIS OF RESTRICTED FUND MOVEMENTS ICOPMNUED Purpose of restrlcted fvnds (Corrtlnued) Fund 15 Donated to he4) tthyards costs for gates arKI fencing. Fund 16 Donated to he towafds costs for the cefuL pony paddc¢ Fund 17 Donat to he4) trhvards costs for vets farriers. Fund 18 Donated spedfjcaNy towards a)sts for a Fund 19 Donated speuffiGally toward5 $ts lor a nw•V CRM system. 17 LEASE COMMrrMENTS As at 31 March 2021 the c£*mpany had annual c4Jmmitrnents uThJer non-cancellable operating leases as folk)ws.' 2021 2020 Building Within one year With one to years Within and five years Over five yoars 11 12 16 17 2021 2020 Wtlhin one year Wth one to two years Within tsvo and five years Over five years 922 1.740
COTSWOLD RIDING FOR THE DISABLED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2021 18 COMPANY LIMrrED BY GUARANTEE Cotswokj Riding for the Disabled is a cnpanY limited by guarantee and accordingly d8 have a share capital. Every member of the company uThYertakes to contribute such amount as may be reqUId not exceedirJ £10 to the assets of the charitsble company in the event of it5 being wourMI up while he ¢y she is a mernber. or vthin one year after he or she ceases to be a memter. 19 RELATED PAR DISCLOSURES There were no related paty transaclions in the peric*J. 26