```
REGISTERED COMPANY NUMBER: 09035744 (England and Wales)
REGISTERED CHARITY NUMBER: 1161306
```
```
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2023
```
```
for
```
## **`Park Lane Stables RDA`**
```
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
```
```
Park Lane Stables RDA
```
```
Contents of the Financial Statements
for the Year Ended 31 May 2023
```
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`5`|
|**`Independent Examiner's Report`**||`6`||
|**`Statement of Financial Activities`**||`7`||
|**`Balance Sheet`**||`8`||
|**`Notes to the Financial Statements`**|`9`|`to`|`14`|
```
Park Lane Stables RDA
```
## **`Report of the Trustees for the Year Ended 31 May 2023`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31May2023.Thetrusteeshave adopted
theprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`Our Vision`**
```
ParkLaneStablesRDAisaplaceofkindness,wherehorseshelppeopleandpeoplehelphorses, and
everyone leaves happier than when they arrived.
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Weareanaward-winningRidingforTheDisabledGroupbasedinSouthwestLondonofferingequine therapy:
riding,carriagedriving,hippotherapyandstableyardactivitiestohundredsofchildrenandadults with
physical,sensoryandlearningdisabilities,plusthosewithmentalhealthissuesandthosefrom disadvantaged
backgrounds, to improve their mental and physical wellbeing.
```
```
Horseriding,orindeedjustbeingnearhorses,isproventobehighlytherapeuticforaperson'sphysical and
mental wellbeing.
```
```
ParkLaneStablesRDA,basedinTeddington,intheLondonBoroughofRichmonduponThames,isa friendly
andinclusiveRidingfortheDisabledAssociationgroup,offeringlocalchildrenandadultswithawide and
complexrangeofphysical,sensoryandlearningdisabilitiesandmentalhealthneedstheopportunityto ride
and care for horses and ponies in a safe and nurturing environment.
```
```
The Group's objectives uphold the RDA ethos, "It's what you CAN do that counts":
```
```
-Tomakeapositiveandtangibledifferencetodisabledperson'sfitness,corestrength,balance, confidence,
communication skills, enjoyment and general well-being through being with and/or riding horses.
```
```
-Topromoteinclusivityandpositivelyencourageparticipantstoachievesuccessandmaximisetheir potential
withina safeandsupportiveenvironment-whetherthatisjustlearningtosteera ponyunaided,ortaking part
inadditionalactivitiessuchasPonyClub,orcompetingathorseshows,sponsoredridesandlocalor national
competitions.
```
```
-Toputtheparticipantfirstandneverstopchallengingourselvestoimprovetheserviceandexperience we
offerthroughnewpioneeringinitiativesandprojectstomeettheever-changingneedsanddemandsof our
clients.
```
```
Page 1
```
```
Park Lane Stables RDA
```
## **`Report of the Trustees for the Year Ended 31 May 2023`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Significant activities`**
```
ThehorsesandponiesatParkLanearekind,honestandsteady,andarecarefullyselectedandtrained to
ensuretheyaresuitableforRDA riders.All sessionsarefacilitatedby qualifiedcoachesand/or physiotherapists.
WithallTrustees,colleaguesandvolunteersbeingreferencedandDBS-checkedasappropriate.Inthemain it
isourvolunteers(who leadtheponiesand/orsidewalk),makesureparticipantshaveallthesupportthey need
to achieve great things in a safe and nurturing environment.
```
## **`Activities include:`**
- `Horse riding RDA sessions for groups and individuals on Ham Common and surrounding parkland`
- `Carriage Driving`
- `Hippotherapy (until December 2022) led by specialist physiotherapists`
- `Equine therapy sessions (New on trial this year) with a qualified psychologist/counsellor`
- `Stable management and yard activities including Wellbeing sessions`
- `Tea with a Pony`
- `Pony visits to schools and care homes`
- `Pony Club activities including Summer Camp`
- `Participation in RDA competitions and activities`
## **`Review of the year`**
```
ParkLaneStablesmovedfromitshomeinTeddingtontoitstemporarynewhomeatManorFarmin Petersham
TW10 on 1 June 2021.
```
```
Ourtemporaryvenuehasallowedustoexpandourprovisionandservices-offeringregularweekly activities
tovariousSENschools,charitiesandcommunitygroups.As a result,wewereableto,onceagain,increase the
numberofparticipantsaccessingourservicesthisyearandsignificantlyincreasethenumberof sessions/
activities.
```
```
Therewere1080participantsin2022-23(comparedwith687participantsin2021-22)-anincreaseof57% -
which we are delighted to have achieved.
```
```
.
Wecontinuedtobroadenourparticipationcriteriatoinclude,notjustthosewithdisabilities,butalsothose 'in
need' e.g. young carers, those with mental health issues, those from socially disadvantaged backgrounds etc.
```
```
Inall,weran6065sessionsin2023-23,comparedwith4023sessionsin2021-22-anincreaseof 51%,
demonstratingthebreadthandscaleofwhattheteamisdelivering.TheexecutiveandTrustees are
extremely proud of this achievement.
```
```
We alsosawanincreaseincarriagedrivingparticipationin2022-23with208participantsand349sessions. This
compareswith111participantsand270sessionsin2021-22(anincreaseof87%participationand 29%
sessions).TheTrusteesweredelightedthatoneofourcarriagedrivingparticipantsrepresentedPark Lane
StablesRDAattheWindsorHorseShowcompetitionandanotherparticipantqualifiedfortheRDA National
Championships.
```
## **`Achievements in 2022-23`**
```
- Over 500 friends and visitors came to our Queen's Platinum Jubilee celebration event on 2 June 2022
```
```
- Founder and Managing Director, Natalie O'Rourke's book, Only Heroes and Horses, was published.
```
```
-OurvolunteerswereawardedtheprestigiousQueensAwardforVoluntaryService.Twoofour volunteers
were invited to Buckingham Palace to receive the award in May 2023.
```
```
-NatalieO'Rourke,wasawardedanMBEforherworkforthecharityandthelocalcommunity.Theaward was
presented by HRH Prince William at Windsor Castle in December 2022.
```
```
-Arecordnumberof15participantsqualifiedtorepresentParkLaneStablesattheRDA Regional
Championshipsand9ofthemwentontotheRDA2023NationalChampionships,bringinghomeabagful of
rosettes for Countryside Challenge, Show Jumping, Carriage Driving and Dressage competitions.
```
```
-ParkLaneStableswasselectedasoneof18LondoncharitiesfortheJubileeTreePlantingCeremony in
March 2023.
```
```
Page 2
```
```
Park Lane Stables RDA
```
## **`Report of the Trustees for the Year Ended 31 May 2023`**
## **`OBJECTIVES AND ACTIVITIES`**
```
-NatalieO'Rourkewasinhighdemandforherengagingpublicspeakingatseveralconferencesand events
acrosstheUKtotellthestoryofParkLaneStables,withthemessuchasinclusivity,diversity,and overcoming
adversity,including:PonyClubUKConferenceinBelfast,RDACoachingConferenceinWarwickshire, RAC
ClubinEpsom,theLondonInternationalHorseShowatExCelandtheRacingTogetherIndustryDayat Ascot
to name a few, alongside our ambassadors Philippa and Louis.
```
```
-We visitedtheChelsaFlowershow,AscotChampionsDay,theLondonInternationalHorseShowand Richard
Hannon's racing yard to name a few.
```
```
-Weattractedlotsofhighprofilevisitorstothestablestoo,including:BrentfordFCplayers,Savills, McVities,
Spillers, the Sunday Times, Equine America, and fact-finding dignitaries from China and South Korea.
```
## **`Public benefit`**
```
Inshapingtheobjectivesfortheyearandplanningtheactivities,thetrusteeshaveconsideredthe Charity
Commission's guidance on public benefit, including the guidance on public benefit and fee charging.
```
## **`Volunteers`**
```
AllRDAVolunteersundergoavigorousrecruitmentprocesswhichincludes:twosatisfactoryreferences, an
enhanced DBS check (if aged 16 or over) and Green Card training before they start volunteering.
```
```
Wereceived205enquiriesfrompeoplewhowantedtobecomeavolunteerduring2022-23and106of these
progressedthroughtherecruitmentandtrainingprocesstobecomefully-fledgedvolunteers..Wecontinue to
neednewvolunteersinordertocopewiththedemand,soweholdregularrecruitmentdrives,with an
emphasisonensuringthereisagoodfit-matchingvolunteermotivationwiththeneedsofour wider
community.
```
```
Page 3
```
```
Park Lane Stables RDA
```
## **`Report of the Trustees for the Year Ended 31 May 2023`**
## **`ACHIEVEMENT AND PERFORMANCE Charitable activities`**
## **`Save Our Stables Campaign`**
```
InDecember2020theownerandlandlordoftheParkLanepremisesinTeddingtongaveuswritten notice,
statingthatourleasewasnotgoingtoberenewedashewishedtoselltheproperty.Ifwecouldnotraise the
moneytobuytheproperty,thenwewouldhavetoleavethepremiseson31May2021,beingtheenddate of
our lease.
```
```
OnNewYear'sEveofDecember2020,welaunchedourSaveOurStables(SOS)Campaign via
Crowdfunder.comwiththeseeminglyimpossibletargetofneedingtoraiseatleast£1Mindonationsby 25
February2021.Miraculously,by18February2021wehadraisedaroundhalfamillionpounds,whichwas an
unbelievablefeat,butifwedidnotachievethe£1Mtargetby thedeadlineof25February,our"All or Nothing"
Campaignmeantthatallpledgeshadtobereturned.Then,on19February2021,BBCBreakfastrana long
featureintroducedbyRobBrydonaboutthestablesandtheimportantworkwedo,preandduring the
pandemic.ABBCfilmcrewcametothestablestointerviewNatalieO'Rourkeourfounderand current
ManagingDirectoranda selectionofourparticipants.Inordertomeetourhorsesandwithinthirtyminutes we
hadmeltedthenation'sheartsandthedonationscamefloodinginfromallovertheworld.We exceeded our
£1Mtargetwhilststillonair,sothecameracrewcamebacktothestablestocelebratethe fantastic
outcome.
```
```
Wethenexperiencedaperiodofuncertaintyandsomewhatofarollercoasterridewithourappointed legal
teamandTrusteestryingtonegotiatethepurchaseoftheTeddingtonproperty.Itwasnotaneasy process.
We werehopingtohavepurchasedthestablesbeforeourleaseexpiredbutthiswasnottobe,soon31 May
2021wevacatedParkLaneandmovedtoournewtemporarylocationofManorFarminHam. The
Teddington stables and connected premises were finally purchased in December 2021.
```
```
TheTrusteesrecognisedthatthepremisesrequireda significantdegreeofrefurbishmentbeforewecould take
occupation, which would require planning and public consultation.
```
```
InpursuitofourcommitmenttobeingaresponsibledeveloperofourcommunityfacilityinTeddington, over
thepastyearwededicatedsignificanteffortstoengagewiththelocalauthorityandwiderstakeholders to
ensureatransparentandinclusiveapproachforourplanningapplication.Weinitiatedtheprocesswith an
outlineplanningapplicationtothelocalauthorityand,atthesametime,involved comprehensive
consultationsanddiscussionsaimedataligningourprojectwithcommunityneedsandexpectations.A series
ofmeetingswereheldwithvariousstakeholders,includingresidents,localbusinessesand community
organisationsallowingustogathervaluablefeedbackandinsights.Followingthisphase,we diligently
preparedandsubmittedourdetailedapplicationwithanemphasisonseekingtomeettheneedsof our
existing environment and addressing concerns raised during the consultation process.
```
```
Thisinclusiveapproachnotonlyensureswefollowedregulatoryrequirementsbutalsoreflectsthe collective
aspirationsandconcernsofthelocalcommunity.Weremaincommittedtofosteringthis collaborative
approachaswemoveforward.Weweredelightedtoreceiveplanningpermissionon23June2023.At the
timeofwriting,theTrusteeshopetobeabletoreturntoTeddingtoninlate2023orearly2024,subject to
costing and the actual build itself.
```
```
OurtemporarynewhomeatManorFarminHamisstillwithintheLondonBoroughofRichmond,sonottoo far
forourparticipantstotravelto.ThefacilitiesatManorFarmarefantastic,soithasgivenusaperfectbase to
continue our work whilst the purchase and refurbishment of the Teddington property is ongoing.
```
```
Page 4
```
```
Park Lane Stables RDA
```
## **`Report of the Trustees for the Year Ended 31 May 2023`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Our Trustees`**
```
Wehavechangedmateriallyoverthelastfewyears-goingfromaverysmallcharitywhich,on occasion,
struggledtosurvivefinancially,tooneofthemostwell-knownandin-demandcharitiesinthesouthof England
withourrangeofservices.Asaresult,thecorporaterequirementsoftheCharityandTrustees increased
significantly.Changesneededtotakeplaceinordertoreflectthelevelofexpertisethatwasnowrequired to
take the charity forward.
```
```
TheTrusteesandexecutivehavefocusedondevelopingourexpertiseinlaw,marketing,fundraising and
communication.Wemeetatleastsixtimesayearasagrouptoensureweoptimisetheserviceswe provide.
We held our second AGM on 29 March 2023 at Teddington Rugby Club.
```
```
WesaidfarewelltothreeTrustees:RachelMaundon20/12/23;RuthKellyattheAGMon29/3/23;and Kath
Dillonon10/5/23.We wouldliketoplaceonrecordourthankstoallthreefortheirserviceandcommitment to
Park Lane Stables, and especially to Kath Dillon who had served the charity for many years.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocuments,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006, incorporated in May 2014.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
09035744 (England and Wales)
```
```
Registered Charity number
1161306
```
## **`Registered office`**
```
Petersham Road
Richmond
TW10 7AH
```
## **`Trustees`**
|**`Trustees`**|||
|---|---|---|
|`NJ Rodford`|`appointed 11.08.21`||
|`RM Kelly`|`appointed 25.08.21`|`resigned 29.03.22`|
|`JP Prayag`|`appointed 11.08.21`||
|`PM Baines`|`appointed 11.08.21`||
|`K Dillon`|`appointed 01.11.15`|`resigned 10.05.23`|
|`J E Mawer`|`appointed 01.03.14`||
|`R Maud`|`appointed 25.08.21`|`resigned 20.12.22`|
## **`Independent Examiner`**
```
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
...........................................................................
N Rodford - Trustee
```
```
Page 5
```
```
Independent Examiner's Report to the Trustees of
Park Lane Stables RDA
```
## **`Independent examiner's report to the trustees of Park Lane Stables RDA ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 May 2023.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's
accountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarryingout my
examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
2011 Act.
```
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbea memberofa listedbody.I can
confirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstitute of
Chartered Accountants in England and Wales, which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with
the examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
A M Skilton
```
```
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
```
```
Date: .............................................
```
```
Page 6
```
```
Park Lane Stables RDA
```
## **`Statement of Financial Activities`**
## **`for the Year Ended 31 May 2023`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable`
`Other trading activities`
`2`
`Investment income`
`3`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
**`322,554`**
**`39,307`**
**`24,547`**
**`1,929`**
**`388,337`**
**`408,318`**
**`(19,981)`**
**`240,818`**
**`220,837`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`13,694`**
**`(13,694)`**
**`1,433,576`**
**`1,419,882`**|**`31.5.23`**
`31.5.22`
**`Total`**
`Total`
**`funds`**
`funds`
**`£`**
`£`
**`322,554`**
`231,211`
**`39,307`**
`29,350`
**`24,547`**
`20,403`
**`1,929`**
`130`
**`388,337`**
`281,094`
**`422,012`**
`377,029`
**`(33,675)`**
`(95,935)`
**`1,674,394`**
`1,770,329`
**`1,640,719`**
`1,674,394`|
|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 7
```
```
Park Lane Stables RDA
```
## **`Balance Sheet`**
## **`31 May 2023`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`8`
**`CURRENT ASSETS`**
`Debtors`
`9`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`11`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
**`91,402`**
**`2,465`**
**`165,501`**
**`167,966`**
**`(38,531)`**
**`129,435`**
**`220,837`**
**`220,837`**|`Restricted`
`funds`
`£`
**`1,201,867`**
**`-`**
**`218,015`**
**`218,015`**
**`-`**
**`218,015`**
**`1,419,882`**
**`1,419,882`**|**`31.5.23`**
**`Total`**
**`funds`**
**`£`**
**`1,293,269`**
**`2,465`**
**`383,516`**
**`385,981`**
**`(38,531)`**
**`347,450`**
**`1,640,719`**
**`1,640,719`**
**`220,837`**
**`1,419,882`**
**`1,640,719`**|`31.5.22`
`Total`
`funds`
`£`
`1,239,377`
`2,645`
`448,663`
`451,308`
`(16,291)`
`435,017`
`1,674,394`
`1,674,394`
`240,818`
`1,433,576`
`1,674,394`|
|---|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for
the year ended 31 May 2023.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 May 2023 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the charitable company.`
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
```
```
N Rodford - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
Park Lane Stables RDA
```
## **`Notes to the Financial Statements`**
```
for the Year Ended 31 May 2023
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
```
## **`Income`**
```
All incomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated
useful life.
```
```
Freehold property- NIL
Short leasehold- Period of lease
Plant and machinery- 20% on cost
Computer equipment- 25% on cost
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`Hire purchase and leasing commitments`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesona straight
line basis over the period of the lease.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesin the
period to which they relate.
```
```
continued...
```
```
Page 9
```
```
Park Lane Stables RDA
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 May 2023`**
## **`2. OTHER TRADING ACTIVITIES`**
|**`2.`**|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|---|
|||**`31.5.23`**|`31.5.22`|
|||**`£`**|`£`|
||`Fundraising events`|**`16,808`**|`16,803`|
||`Sponsorships`|**`7,739`**|`3,600`|
|||**`24,547`**|`20,403`|
|**`3.`**|**`INVESTMENT INCOME`**|||
|||**`31.5.23`**|`31.5.22`|
|||**`£`**|`£`|
||`Deposit account interest`|**`1,929`**|`130`|
|**`4.`**|**`NET INCOME/(EXPENDITURE)`**|||
||`Net income/(expenditure) is stated after charging/(crediting):`|||
|||**`31.5.23`**|`31.5.22`|
|||**`£`**|`£`|
||`Auditors' remuneration 2021`|**`-`**|`3,600`|
||`Depreciation - owned assets`|**`28,144`**|`11,162`|
||`Other operating leases`|**`56,708`**|`59,350`|
||`Independent examination`|**`2,640`**|`2,400`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31May2023norforthe year
ended 31 May 2022.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31May2023norfortheyear ended
31 May 2022.
```
## **`6. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
|`Staff`
`No employees received emoluments in excess of £60,000.`
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable`
`Other trading activities`
`Investment income`
**`Total`**|`Unrestricted`
`fund`
`£`
`231,211`
`29,350`
`20,403`
`130`
`281,094`||**`31.5.23`**
**`-`**
`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`|`31.5.22`
`9`
`Total`
`funds`
`£`
`231,211`
`29,350`
`20,403`
`130`|
|---|---|---|---|---|
|||||`281,094`|
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
```
continued...
```
```
Page 10
```
```
Park Lane Stables RDA
```
## **`Notes to the Financial Statements - continued`**
```
for the Year Ended 31 May 2023
```
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`8.`**
**`TANGIBLE FIXED ASSETS`**
`Freehold`
`property`
`£`
**`COST`**
`At 1 June 2022`
**`1,201,867`**
`Additions`
**`-`**
`At 31 May 2023`
**`1,201,867`**
**`DEPRECIATION`**
`At 1 June 2022`
**`-`**
`Charge for year`
**`-`**
`At 31 May 2023`
**`-`**
**`NET BOOK VALUE`**
`At 31 May 2023`
**`1,201,867`**
`At 31 May 2022`
`1,201,867`|`Short`
`leasehold`
`£`
**`15,000`**
**`-`**
**`15,000`**
**`15,000`**
**`-`**
**`15,000`**
**`-`**
`-`||`Unrestricted`
`fund`
`£`
`363,858`
`(82,764)`
`323,582`
`240,818`
`Plant and`
`machinery`
`£`
**`55,714`**
**`82,036`**
**`137,750`**
**`18,729`**
**`28,144`**
**`46,873`**
**`90,877`**
`36,985`||`Restricted`
`funds`
`£`
`13,171`
`(13,171)`
`1,446,747`
`1,433,576`
`Computer`
`equipment`
`£`
**`700`**
**`-`**
**`700`**
**`175`**
**`-`**
**`175`**
**`525`**
`525`||`Total`
`funds`
`£`
`377,029`
`(95,935)`
`1,770,329`
`1,674,394`
`Totals`
`£`
**`1,273,281`**
**`82,036`**
**`1,355,317`**
**`33,904`**
**`28,144`**
**`62,048`**
**`1,293,269`**
`1,239,377`|
|---|---|---|---|---|---|---|---|
|||||||||
|||||||||
|||||||||
|||||||||
|||||||||
```
ThefreeholdpropertystablesandconnectedpremisesatTeddingtonwerepurchasedin December
2021.
```
## **`9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
||**`31.5.23`**|`31.5.22`|
||**`£`**|`£`|
|`Other debtors`|**`-`**|`180`|
|`Prepayments and accrued income`|**`2,465`**|`-`|
|`Prepayments`|**`-`**|`2,465`|
||**`2,465`**|`2,645`|
```
continued...
```
```
Page 11
```
```
Park Lane Stables RDA
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 May 2023`**
## **`10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
||**`31.5.23`**|`31.5.22`|
||**`£`**|`£`|
|`Trade creditors`|**`1,332`**|`2,007`|
|`Social security and other taxes`|**`23,001`**|`2,266`|
|`Other creditors`|**`2,541`**|`361`|
|`Accrued expenses`|**`11,657`**|`11,657`|
||**`38,531`**|`16,291`|
```
11.MOVEMENT IN FUNDS
```
|`At 1.6.22`
`£`
**`Unrestricted funds`**
`General fund`
**`240,818`**
**`Restricted funds`**
`RDA re horses`
**`750`**
`Property account`
**`1,432,826`**
**`1,433,576`**
**`TOTAL FUNDS`**
**`1,674,394`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
**`388,337`**
**`Restricted funds`**
`RDA re horses`
**`-`**
`Property account`
**`-`**
**`-`**
**`TOTAL FUNDS`**
**`388,337`**|`Net`
`movement`
`in funds`
`£`
**`(19,981)`**
**`(750)`**
**`(12,944)`**
**`(13,694)`**
**`(33,675)`**
`Resources`
`expended`
`£`
**`(408,318)`**
**`(750)`**
**`(12,944)`**
**`(13,694)`**
**`(422,012)`**|`At`
`31.5.23`
`£`
**`220,837`**
**`-`**
**`1,419,882`**
**`1,419,882`**
**`1,640,719`**
`Movement`
`in funds`
`£`
**`(19,981)`**
**`(750)`**
**`(12,944)`**
**`(13,694)`**
**`(33,675)`**|
|---|---|---|
```
continued...
```
```
Page 12
```
```
Park Lane Stables RDA
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 May 2023
```
## **`11. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`RDA re horses`
`Property account`
**`TOTAL FUNDS`**|`At 1.6.21`
`£`
`323,582`
`750`
`1,445,997`
`1,446,747`
`1,770,329`|`Net`
`movement`
`in funds`
`£`
`(82,764)`
`-`
`(13,171)`
`(13,171)`
`(95,935)`|`At`
`31.5.22`
`£`
`240,818`
`750`
`1,432,826`|
|---|---|---|---|
||||`1,433,576`|
||||`1,674,394`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Property account`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`281,094`
`(363,858)`
`(82,764)`
`-`
`(13,171)`
`(13,171)`
`281,094`
`(377,029)`
`(95,935)`|
|---|---|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`RDA re horses`
`Property account`
**`TOTAL FUNDS`**|`At 1.6.21`
`£`
`323,582`
`750`
`1,445,997`
`1,446,747`
`1,770,329`|`Net`
`movement`
`in funds`
`£`
`(102,745)`
`(750)`
`(26,115)`
`(26,865)`
`(129,610)`|`At`
`31.5.23`
`£`
`220,837`
`-`
`1,419,882`|
|---|---|---|---|
||||`1,419,882`|
||||`1,640,719`|
```
continued...
```
```
Page 13
```
```
Park Lane Stables RDA
```
## **`Notes to the Financial Statements - continued`**
```
for the Year Ended 31 May 2023
```
## **`11. MOVEMENT IN FUNDS - continued`**
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`RDA re horses`
`Property account`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`669,431`
`(772,176)`
`(102,745)`
`-`
`(750)`
`(750)`
`-`
`(26,115)`
`(26,115)`
`-`
`(26,865)`
`(26,865)`
`669,431`
`(799,041)`
`(129,610)`|
|---|---|
## **`12. RELATED PARTY DISCLOSURES`**
```
Thecharitymadepaymentsintheyearto31May2023tovariouspartiesrelatedtothe trustees
amounting to £4,341 (2022: £10,523) for services rendered.
```
```
Page 14
```