Coinpaiiy registration number- 08737154
Chai'ity I'egistialion nLimbei': 1163030
The Cavalier Centre Ltd
(A company limited by guarantee)
Annual Report and Finallcial Ststeinents
for the Year Ended 31 ￿arch 2024
Cavalier Centre
Where horses make the difference

The Cavalier Cenlre Ltd
Contents
Reference and Adininistrative Detai15
Trustees, Report
2to8
Statement of Trnstees, Responsibilities
Independent Exainin¢¢5 Report
10
Siatement of Financial Activities
11 to 12
Balance Sheet
13
Notes to the Financial Statements
14to27

The Cavalier Cenlre Ltd
Reference and AdRninistrative Details
President
Henry Seymour. Marquess of Hertford
Vlee Presldenl
Catherine, Lady Forester
Pali'on
Kelda Wood, MBE
Chair
Selin& Graham
Trustees
Selin& Graham
Jane Barker, MBE
Edwaid Andrewes
Lynn Au¢ott
Sarah Baugh
Teresa Black
Mark Hatnilion-Russell
Demiis Hill
Valerie Hill
James Van Halen Neame
Secretary
Del￿15 Hill
Charity Registration Number
1163030
Company Registrdtion Nurnber
08737154
The charity is incorporated in England and Wales.
Th¢ Cavalier Centre
B￿d1¢Y Farm
Farley
Much Wenlock
Shropshire
TF13 6PE
R¢glstered Office
IDdependeiit Examiner
CBSL A¢countants Limited
Rawan Hou8c Noith
l Thc Profc*%sonal Quarter
Shrewsbury Business P&rk
Shrewsbury
Shropshire
SY2 6LG
Banliers
HSBC
33 Hi2h Street
Shrewsbury
Shropshire
SYI ISL
Page I

The Cavalicr Centye Ltd
Trustees, Report
The trustees, Ivho Hit directors foi. the purposes of Coimpany l&w, pi'esent the annual report together with the
financial statement% of the charitable coit)pany for the ye&r cnded 31 March 2024.
Trustee5 offieei's
The trustees and officers serving during the yeai. and since the year end were as follows-
Chair..
Selina Graham
Trustees-
Selina Grkham
Jane Barker, MBE
Edward Andrewes
Lynn Aucott
Sarah Baugh
Teresa Black
Mark Hamilton-Russell
Dennis Hill
ValeTi¢ Hill
James Van Halen Neame (appointed 27 July 2023)
Se¢r¢lary.'
Dennis Hill
Structu￿ governance and manag¢went
Nftliire ofgoyeriiiiig ilocHiiieiil
The original unincorporat¢d Charity, The Peny Riding Group for the Disabled Association was govcrned by a
ConstÉtution adoptcd an 2 Novcmber 1998. That COll8titutinn was superseded on l July 2015 by the
memorandum and ai1icles of association of a t)ew company liinited by guarantee, Perry RDA Ltd, into which the
charity wa5 transferred as a going ¢oncern.
During 2020 the charity changed its name to refle¢t its new identity following the OPEning of th¢ new centre to
The Cavalier Centre Ltd.
The Cavp41ier Centre Ltd is a company limited by guarantee govei'ned by its Memorandum and AJli¢les of
Association dated 1st July 2015. It is a registered charity with the Charity Commission. Anyone ov¢r 18 can be
a Member of the Company. There are currently 28 Members (10 Trustees and 18 Ordinary) ¢ach of which
agrees to contribute £1 the event of the eh2rity winding up. The liabilÉty of t41ch Meinber of the charity is
litnited to £1.
Reeriiilineiit and uppDinlnieJil ofiriisle
The management of the Charity is the responsibility of the Tnembers who al'e elected as Ti'llstees and Directors
of the company. Election takes place at the AGM by th¢ meiDber5 of the company following nomiE]ation and
notification to meTnb¢rs.
l1idmtil￿iI ftndlrfilitlrig of Intslees
Th¢ training of Trustee9 is done in adhei'ence to guidelines from the National Riding for the DEsabled
Association IRDA). The Ti'ustees are given Charity COn￿nISsion guidance CC3 and CC3a detailiiig the
responsibilities of Trustees foi. inforination.
Page 2

The Cavalier Centre Ltd
Trustees, Report
OTgaiiisalioiiul slriicliire
Decisions are Imade by The Cavalɢi' Centre Ltd coinmittee with a mininiuin of a quorum of 4.
Relationships with r¢lat¢d parties
National RDA
The Charity is atTiliated to the National RDA (Riding for the Disabled Association)-
Mrtjor risks aiiil inopingeiiieiil ofiliose risks
Risk Managerne*t
The Trustees have assessed thc major i'isks to whicli thc c.harity is exposed, in particular those related to the
operations and fmances of the Charity, particularly in its new home of Cav21ier Centre and the op¢ratioDs
management of the Centre. Th¢ Trustees ale satisfied that the systems and pi'ocedures are in place to mitigate
the Charity's exposure to these risks.
Objeetlvos activities
Objecls qitd ffiRIs
The principal objecls of the CharEty si't to promote the object5 of th¢ Riding for the Disabled Association
incorporating Carr2age Driving, a Charity regislered Linder charity number 244108 {RDA), by proyiding
disabled and otherwi5¢ disadvantaged people with the oppoi'tunity to ride and l or carriage drive to benefit their
mental and physi¢&l health and well being in the Shropthire area.
Donations
Donations are particularly impoitant to us as they help to offset the difference between the contributions made
by participants and the ￿11 cost of pi'oviding the Chall￿3 principal objects. Action is besng taken to re-form the
fvndi'aising committee and to appoint a dedicated fundraiser to procure larger or ongoing do[￿tiOn&
Page 3

The Cavalier Centi'e Ltd
Trustees, Report
Acliievenients aFiclperforinftJice
Our year at a glanee
The Cavalier Centre's Ini55iOii is to enrich and empower lives through horses.
2023.2024 has been a year of celebrat￿On, con501idation and collaboration.
Celebration
To our delight, oui. 200+ incredible volunteers were honoured with the Kiiig's Awai'd foi Voluntary Seiwice in
re¢o£nition of 'providing riding for th¢ disabled aiid personal development pi'ogrammes to ftsster iinproved
wellbeing Éhrough horses.
We hosted a c¢lobration event which included volunteers froin seven othej.
Shropshire charities, also receiving tlie awaTd. A volunteer Commented.. 'It was.just really lovely to have such a
large gathei'ing of volunteers, people who do good things for othei's. Makes you feel better about the world!
We retained ollr 5* Riding Sclkool Licence and Highly Cominended BHS Approved Centre statu5 and hosted
ridtng actsvities for the Wenlock Olympian Society Games.
As part of the King's Birthday Honours, Perry RDA founder Jane Barker was ttw&rded an MBE in recognition
of her services to eharity and people with disabilities.
Consolidation
We continued to be busy seven days a week, fify weeks a year providing opportunities for people of all ages
facing isolation, life limiting illness, anxi¢ty or living with dÉ$abilities.
P8rticipanl numbers acr055 our liidillg for th¢ Disabled activitie5.' Ca)TiaEe Driving, Vaulting, Riding and Pony
Care, Tea with a Pony and Quiet Time with & Pony Continued to grow. Our regular progranunes Steps, stsble
Relationships and Changillg Lives Through Horses gath¢r¢d pa¢e. Our participants enjoyed competing at RDA
Regional and N&tional Championships.
The site continues to be enhanced and improved. Automatic openers haye been fitted to most doors, the sensory
garden is now well established, and enrichment added to the ponies, paddocks.
Collaboration
WE have..
' welcomed Wolverhampton and East Shi'opshire RDA to JOS11 WÉth us through Inerger
. hosted the BHS c.hanging Lives Throu￿ Horses conference for peers across the UK
PTovided a caiTiage driving CPD day for our RDA collcagucs
welcoEned peers fron) Guatemala during the Lead Up Intei'national workshops designed to promote pDsitiv¢
leadcrshEp aTrd Ron-violence in young people
streatned a Yirtual pony care session with charity partners Sense to housebound particÉpants
' enjoyed our ftrst gEant Tea with a Pony tea party for 35 people
planned the visit of HRH Prancess Anne
Page 4

The Cavalier Centre Lld
Trust¢es' Report
Our regular prograrnmes
Ridit)g for the Disabled Riding
Riding for the Disabled Carriage Driving
Ridittg for the Disabled Vaulting
Riding for the Disabled Pony Care
Step5 adult early intervention 8 week prograinme
Stable RelatÈonships- Equine Facilitated learning 12 week programme for young people
BHS Changing Lives ThiDugh Horses- skills development for young people
Quiet Time with Poiiy - Confidence building sessions
Tea with a Pony- Sotial activity for lliose living with dementia and their carers
Cavalier Club- supported volunteering and social sessions
The scope of our Trvork
Over the year we have deliv￿rd..
. 3571 RDA sessions for (Riding, Carriage Driying, Pony Care, Vaulting, Quiet Time with a Pony and TEa with
a Pony) for 402 regular participants, just over half of whom are under 18 years old.
DeliveTed four x 8 week Steps pi'ograinmes for 35 adults facing challenging cii'ciimsiances
Delivered five x 12 week Stable Relatioi)ships progi?mmes to suppoi'l emotional regulation in 5 young people
Worked with fainilies. local authorities, schools and other partners to provide horse based activitie5 including
respite for carers and support staff and tailored pi'ojects for children and young people.
Additional activities
We are delighted to open the Centr¢ up foi. other Tegular actlVLties, wbi¢h help us balance our budget and make
maximum use of our faciliÉies. In 2023-2024 the following groups and organisations have been legular Centre
users..
Freedoin Physiothei'apy
Wheatland Hunt Pony Club
Abstslutely Barking Agility Addicts dog agility show5
Patsy Pyke- mechanical horse hire
F.ast 8hrop5hirc Ridsng Club
. Nick Lawson Dressage
British Dress&ge
. Shrewsbury Rugby Club
. John Docherty boot camp
Participants
People who engage with the Centre come from all walks of life, aged from 2 -103, may have special educational
¢cds and dEsabilitEes, unpaid ca￿¥s, havc suff¢r¢d trauma, anxiety or long terni illness, isolation or face any
other foTm of challenging life circumstances.
Quote from an RDA partlcipant'5 parent:
'He's obsoliiiely loving il anddéfEpJilély Empp'ovifr7g hiin a lol, gEving hiiii som£Éliing lo lookfoiwai.dio each
week Hes made afew newfriends andso havg I, so wewe bolh benefi¢edfi'okx coiling. li's afabill0￿$ place.
ihLyftksfor such a lovely calm andfL7Pttas1icplfjce.
From parent of I l year old rider.
Page 5

The Cavalier Centrt Ltd
Trustees, Report
Quotes from a Steps Én the Right Direction parlieipant:
I contc hei-e i'¥gi(loi.ly for Cari't7ige Di-ivin£ 0￿e of ihe Coach￿ iecominended ihe (Si8ps) pp'ogp'avipne. J
wont to ihank y(Jiifoi' tsll ihe supporl im compleling Sieps artdfoi. iKip'Oduei￿g iKe io ihe hoises hiimans of
Ihe Cavaliei. Cenlrg CoinFniifv7Ety, Ihol sense of coiptnitrnity is veiy impoi-ioni to me. Thank you also foi. all ihe
picIIiFes you kindly pfvtre of my lipne Eack Trveek. li has I'eolly lifred IKY mood, I have lirei'ally boiincgd oul of
bed Èo come hgre. l i'golly h(Théfeli a dffi erenee irtyself Flty IAOllValiOn hove been relling eveiyone at iny
a¢¢oirymodalion lo givE il a go. Thg stajfat home have tslso p'eallji noiiced a inossive posifive change in pne
since ¢oming.
From 4 65 year old Steps, pai'ticipant
Volunteers
Our volunteers range in age from 12 to 86, tome from diverse backgrounds and have had very different life
expeiiences. They have donated well in excess of 24,000 volunteer hours this year through a combinalion of..
over5¢eitkg the Centre's governance and strategic direction
hand5-on support of the Cavalier Centre on site across all equine ielated activities, administration and grounds
rnaintellan¢e
• represented the Centre at special event% e.g. Bunwdrton Shtsw and Much Wenlock Chrisknnas Fayre
fundrdised in suppoil of the Centre ¢hrough undertaking challenges, hosting events, launched our Friends
regular donation5 &Lh¢me
become ambassador& and Champions of the Centre, introducing new volunteers and participants
filmed, na￿ated and produced proinotional videos, sn support of the Cet]tre
demonstrated best practice and shared expertise with the Brooke's Horse Welfare Harness Advisor through an
instrllctional film to bE shared internationally
undertook the epic 1&5k of organisatioii and hosting 340 guest5 to attend Ludlow Raceeourse's ann￿al Charity
Race Day, raising fund5 to support expansion Df our oper&tions
Our community of sllPPOrt increased thanks to a rnnge of events Visited and hosted on aRd off-site including
taek sales. craft fayre and country shows.
Ludlow Charity Race Day and all online auction w¢re a huge succe55 in rnising Inuch needed fijnds 10 SUPPOrt
the Centre's ambitions to reach tver more people.
Quote5 from our volunteers:
'It's a magiculplace and il's great li dyisis.
'lihillk fhe Trvholeplace is wondepfiilfoi. the work it do￿ andihe supporl andoppol.hi￿i1iÈsfQrjo mL7iypeopIe.'
'Eveiyone spassronfor the Cijvalier Centr¢ refreshlng worldfuIl ofNegaiivity.'
'Ii s opleL7sure andprivilege volunteering ÉFI the C(ryaliEr Cenlie.
Wliat Dext?
Oui. challengc over the coming year will be to increase the l'each of our 10 core programmes to include mole
beiieficiaries, m&ximising evel'y spare minute attd squai'e inch of our facility to make the most of the opportunity
afforded to U5 by the fllnds raised during th¢ Ludlow Charity Race Day. That)ks to this extra support we will
have the staffkng capacity to enrich and empower moiE ILVES through hoi'ses.
Page 6

Th¢ Cavalier Centre Ltd
Trustees, Report
Public bejiejll
In setting tl)e objectives and planning the activities, the Trustees have giveii careful con5idei'ation to thp Lharity
Coinmission'5 general guidance on publi¢ beii¢fit. As onc of the leading specialÉsod i'iding ceDtres ID Shi'opshire.
The Cavalier Centre not only benefits people with special needs but also the entire cominunity. giving
opportunities foi. volunteerin& school participation and practical experience foi. rhildrcn and adul¢s workiTkg
with people &nd animals.
The trustees confirm that they have complied with the requirements of section 17 of the Charitie$ Act 2011 to
have due Tegard to the public benefit guidallc¢ published by tlie Charity CoittTni$$ion for Eng]and and Wales.
Flnanelal r¢view
The fundraising efforts of the staff. volullteers and Trustees of the Charity continue to go from strength to
strength with £164,170 of donations and grants received for the year ended 31 Mai'ch 2024 and a further
£135.720 from fundraising events held in the Centre and in the local COEnmunity. Grants and donations were
received to support job roles and projects such as the Steps prograinme, Taking the Reins project, Changing
Lives throLTgh Horses programme and the Activities Coordinator wst.
Income froin charitable aetivities totalled £113,208, which included £71,358 from RDA lessons and related
activities and £21.210 from programmes including Stable Relationships and Changing Lives through HoiBes llnd
£20,640 froin the hire of facilities.
The chaTsty's total expenditsre was £318,403, of which £286,525 was on running its charitable activities. The
main costs foi. the year are salaries of £168,095, depreciation of £52,640 and pony livery and related cost& of
£19,790.
Net Surplus for the year totalled £96,554.
Pdliey on reserves
The Trustees have carefully examined the Charity's requirements to hold a minimum level of reserves in light of
any perceived risks to the Charity's activities. The TrusLtes r¢Lvw]ise ihE n¢td for a re￿onable of
financial reserves in order to protect the Charity fi.om the p05sibilÉty of any adverse or unforeseen circuMstanc¢s
that could aTise. The Trustees have therefore Established a policy where the unrestrtcted fvnds not committed or
invested in tangible assets held by th¢ Chaiity should be twenty Six weeks of the Charity'5 annual expetjditure o
payrnll costs, property operating expenses, activity cost5 and adlnitk￿tralio￿ expenses. In the event that there
was a significant drop in fvndin& it has been identified that the Charity will need to tLave access to unre5tri¢ted
reserves with i current Value of at least £117,000, whi¢h r¢pr¢5enls twenty six weeks of the Charity's annual
expens¢s.
At 31 March 2024 the unrestricted Ulldesignated r¢senTes totalled £211,869 (2023 £88,711). Th¢ Trustees have
increased unrestricted I.es￿'VeS over the year to enable core prograTmnes to increase the numbers of participants
and to inciEasE capacity to delivei. more oppOrt[￿ltIes. The Tiustees are takiiig appropriate steps over the next
financial year with the aiin of maintaining the level of these reserve5 to rneet tlie perceived futui'e needs of the
Chai'ity.
Page 7

The Cavalier Centi'e Ltd
Ti'ustees, Report
Small eompanies provision statement
This report has been piepai'ed in accordance witl) the snlall companRes i"egime under the Companies Act 2006.
The annual report was appi'ovEd by the tI￿SteeS of the clmrity on 25 July 2024 and signed on its behalf by..
Selina Graham
c1￿1mlan and tTU5tee
Page 8

The Cavalier Centre Ltd
StatemeR]t of Trust¢e5' Re5P0115ibilitAe
The tt'ustees (who are also the directors of The CavalEer Centt'e Ltd for the puip05es of coinpany law) air
IESPOllsible foi. PTeparin¥ the ti'ust¢trs' reporl and the fiiian¢ial statemeiils in accoi'dance with applicable law aE)d
United Kingdom Accounting Standar(ts. (United Kingdoin Generally Accepled Accounting Pra¢lice). including
FRS 102 'The Financial ReporliTrb Sl&tnd(Ird appli¢&ble in the UK and Republic uf li'elartd" Tlie report (IE]d
accounts haye been prepared in accordanLE Witli the provisions the CornpaTries Act 2006 relatins ID small
companies.
Coinpany law requires the ti'ustees to prepare financial stateinents for each fll)ancial year. Under company law
the trustees must t]ot approve the financial statements unless they are satisfied that they give a trne and fair view
of the state of affaiTS of the charitable company and of the incoming resources and application of resouires.
incliiding its incoine &nd expenditure, of ihe charitable company for that period. In preparing these financial
stcltements, the trll%tccs are required to..
select suitable accollnting policies and apply them consistently-
obserye thE tnethi)ds aThd principles in the Chai'ities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable ac¢ountÈng standards, comprising FRS 102 have been followed. subject to any
material departure5 disclosed and explained in the f￿anCIal statements. and
prepare the ftrvdncial statements on the going concern basis unless it is inappropriate to presume that the
charitable coJnpaTry will continue in business.
The trustees are responsible for keeping propcr a¢¢ounting rccords that can di.%clo4e with reaEonablc accuracy at
any time the finaThcial p05ltion of the ¢haritabl¢ company and enahlc thein tn ensure that the financial statcments
comply with the Companies Act 2006. They are als9 reSPQTbsible for safeguarding the assets of the ¢h8ritable
company and h¢nce for taking reasonable steps for the prevention and detection of fraud and other irregularitie
Th¢ trustees are YespDnsible for the maintenance and integrity of the ¢oJyorate and financial inforniation
included Oll the eharitable company's web51te. Legislation governing th¢ pr¢paration and dissemination of
financial Stsiements may differ froin legislation in other jurisdictions.
Approved by the tn￿teeS of the charity on 25 July 2024 and signed on its behalf by..
Selina Graham
Cliainnan and trLtstee
Page 9

The Cavaliei. Centi'e Ltd
Independent Examiner's Repoi't to tlie ti'ustees of The Cavalier Centre Ltd {'the
Company,)
I repoit to the charity trustee5 011 my examiiiatiotl of the acwunt5 of tlie Company for tht year ended 31 March
2024.
RespoiisibÈlities #rtd basis of i'eport
A5 tlie cliavity's triistees of tlie Coiknpaiiy (and also ils directors for tlje purpostrs of coinpany law) you are
i'esponsible foi. the pirpayation of the aCco￿￿t5 in accordallcc Wlth the I'cquireEneats of the Companits Act 2006
('the 2006 Act.).
H&ving satisfied myself ihat the a¢¢oiittts of the Company are not Yequired to be audEted llndei. Part 16 of the
2006 Act and are eligible for ijidependeiit txaniinatioii, I repoTt in respeci of my exaiiiiEiation of you¥ cliai'ity's
accouiits as cai'ried out und¢i' section 145 of the Cliai'ities Act 2011 ('the 2011 Act'l. In caiiying out my
ex8171iiiation I have followed tlie Directions oiven by the Cliarity Commission under section 145{5Xb) of the
2011 A¢[.
liidepeiident exAniiner'5 StAteiMent
Sillee the Company's gross income ex¢¢eded £250,000 your examiner must be a member of a Ix)dy listed in
section 145 of the 201 l Act. I confirm that E am qualified to uiidertake the exaii)inatioii because l aitt a niember
of ICAEW, which is one of Ilje listed bodies.
I Iiave ¢oinpleled My examittation. I confirm that no mgtters have cojne to tny attelltÉon itt connection wttli tlie
examination giving me cause to believe..
accountijig Tecoi'ds wert Iiot kept in resp¢¢t of The Cavalier Certtre Ltd as requii'ed by se¢tio• 386 of tlie
2006 Act; or
2. the a¢¢ounls (lo not a￿Ord witli those I'¢¢ords' or
3. the accouijts do not comply witli tlie accountiiiu requireniellts of section 396 of the 2006 Act othu tlian
any requiieinent Iliat tlie èc¢ounts give a'ttve and fair view, whieli is not 2 matter conskdered as part of an
independLiit exaTniiiatIon' oi.
4. tlie ac¢ouiits have not b¢¢n prepaiEd tn &ccoi'daTrce with the Methods and pi'inciples of the Statetnent of
Rewimn)ended PracLi¢e fot accounting reportiijg by charities [applicable to charities pi'eparing their
accounts in accoi'dathce with tlie Finan¢ial ReportiIig SiaTidaYd applicable ir tile UK and Republi¢ of
li'eland (FRS 102)].
I ljave no coiieerns and have ￿me across no other mallei3 in cortnection wi¢h Ihe examination to which attention
should be drawn IN this repoit in order to enable g4 proper understanding otihe account5 to be r￿hed.
Louise Osselton fcA
CBSL Accouiilaiit5 Liinited
ICAEW
Rowan House Noith
l Tlie Professional Qiia11er
Slir¢w%bury Business P&i'k
Shi'ew£hury
Sliivpshii'e
SY2 6LG
P&ge 10

The CAvalier Centre Ltd
Statement of Finan¢ial Activities for the Year Ended 31 March 2024
(Including Income and Ei xpenditure Account and Statement of Total Rccognised Gains
and Losses)
Unrestricted
funds
RE5tricttd
fut]ds
Tot21
2024
Note
Incorne And Endowments from:
Donations ond legacies
Charitable actLvilies
Other ti'ading activities
Investment iiicome
42,995
113,208
135,720
1,859
121,175
164.170
113,208
135.720
1,859
Total income
293,782
121,175
414,957
Expenditure oll:
Raising funds
Chaiitable actiyities
{31,523)
(139,101)
(355)
{147,424)
{31,878)
286,525)
Total expenditur¢
(170,624
{147,779)
(318,403
Net incomol(expenditui'e)
Net movement in funds
123,158
{26,604)
96,554
123,158
{26,604)
96,554
Reconciliation of funds
Total funds brought fonvard
196,408
1,299,847
1,496,255
Tot81 funds canied fonvard
319,566
1,273,243
1,592,809
The notes on pages 14 to 27 fortn an integral part of these fjnancial statem¢nt5.
Pagell

The Cavalier Celltre Ltd
Statement of Financial Activities for the Year Ended 31 March 2024
(Ineluding Income and Expenditure Account and Statement of Total Recogni5ed Gains
and Losses)
Unrestricted
fund5
Reslricted
funds
Total
2023
Note
Income Emdowments from:
Donations and legacies
ChaTltable activitlES
Other trading activiti¢s
Investinent in¢oin¢
16,066
133,513
6,448
473
197,680
213,746
133,513
6,448
473
Totrdl income
156,500
197,680
354,180
Expenditure oll:
Raising funds
Charitable activitie5
{4,609)
{160,774)
(4,609)
(275,502)
(114,728)
Total expenditure
(165,383)
114,728
1280,111
Net lexpendilure)lin¢ome
Transftrs between funds
(8,883)
18,390
82,952
(18,390)
74,069
Nel movenTreni in funds
9,507
64,562
74,069
RecoJLciliation or runds
Total ￿ndS brought fonvard
Total funds ¢an'ied forward
186,901
1,235285
1,422,186
21
196,408
1,299,847
1,496,255
All of the charity's activities derive from continuing operations during the above two periods.
The fi￿d5 breakdown for 2023 is Shown in not¢ 21.
The note5 on Pdges 14 to 27 fomi an integral part of the￿ financial Statements.
Page 12

The Cavalier Centre Ltd
(Registration number: 08737154)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed asset5
Taugible as￿tS
15
1,251,844
1,292,421
Current assets
DEbtoi%
Cash at bank and in hand
16
17
37,273
317,161
20,064
189,137
354,434
209,201
15.367
Creditors: Amounts fxlllng due within one year
18
(13.469
Net current assets
340,965
203,834
Net assets
1.592,809
1,496,255
Funds of the charity:
Restricted income funds
RestriLttd funds
1273,243
1,299,847
Unrestricted 5Aeotne funds
Designated Funds
Unrestricted Funds
107,697
211,869
107,697
88,711
Total unrestricted funds
319,566
196,408
1,496,255
Total funds
21
1,592,809
For the financial year ending 3 1 March 2024 ihe char2ty w25 entitled to exemptitrtt from audit under section 477
of the Companies Act 2006 r¢lating to small eompanies.
Directors, responsibilities-
The members have not required the Chai'ity to obtai[] aE] audit of its accounts for the year in question in
accordance with section 476. and
The directors acknowledge their respottsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
These financial sta¢etnents have been prepared in accordance witli the special proyisions relating to companies
subject lo the small compElliE5 regirne within Part 15 of the Companies Act 2006.
Th¢ financial statements on pages I I to 27 were appi'oved by the trustees, and authorised for issue on 25 July
2024 and signed on their behalf by..
Selina Graham
Chairman alld trustee
The notes on pages 14 to 27 fonn an integral part of these financial statement5.
Page 13

The Cavalier Centre Ltd
Notes to the Financial StatemeThts for the Year Ended 31 March 2024
CILarity status
The charity is liinited by guaixntee, incorporated in England and Wales, and eoftseqiiently does not have share
capital. Each of the trustees is liable to conh'tbute an ainoiit)t not ex¢eediIig £1 towards the assets of the charity
in the event of liquidation.
Tlie Charity's I'egistered office and prinicipal addTe55 is The Cavalier Centre, Bradley Fann, Farley. Miich
Wenlock, Shropshire, TF13 6PE. The Company REgisti'atiOTk Number is 08737154.
2 Accounti￿g polRcits
Summary of signifieanl aecounting policies key 3ccollntiThg eSti￿aleS
The prin¢ipg1 accounting policie5 applied in the preparation of these fEnancial stateinent5 are Set o￿t below.
These poli¢i¢s hav¢ been c0Tr515tently applied to all the years presented, unless othenvise ststed.
StAtement of eomplianee
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
St&tement of Recomtnended Pi'actice applicable to charities preparing their a¢¢ounts in accordance with the
Financial Reporting standard &pplicable in the UK and Republic of Ireland issued in October 2019, the
F￿ancIal Reporting Standard applicable in the United Kingdom and RepublÉ¢ of Ireland (FRS 102), the
Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Basis of preparalion
The Cavalier Celltre Ltd meets the definition of a public benefKt enlity under FRS 102. Assets and liabilities are
initially recognised at historical cost or bw]5action vallle unles5 Otherwise stated in the relevant accounting
policy n(Ites.
Going concern
The trustees consider that th¢r¢ are no material uncertainties about the chariws ability to Continue as a going
concern nor any signifi¢ant areas of uncertainty that affect the canying value of assets held by the charity.
Exemption from preparing a cash now 5tatem¢nt
The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash
flow statement in these financial statements.
Ineome and endoivments
All income is reeognised once the charity has entitleinent to the in¢orne, it 15 pi'obable that the incoine will be
rtceived and the amount of the income r¢c¢ivable can be mea5UTed reliably.
Donullojis rtnd legftcies
Donations are recognised when the charity has bcen notified in writing of both the amoiint and settlement date.
In the event that a donation is subject tD conditions that IEqUlI'e a level of perfonnance by the charity before the
chai.ity is entitled to the fi]nds, the income is deferred alld not recognised until either those conditions are fijlly
met, or the fulfiLment of th05e condititrns is wholly within the conli'ol Lif the chai'ity and it is probable that these
¢onditions will be fulfilled in the reportfftg period.
Page 14

The Cavalier Centre Ltd
Notes to the Financial Statements for the Year Ei ndcd 31 March 2024
Groiils reeelvftblé
Grants al'e Ircognised when the charity has an entitlement to the funds and amy conditions linked to the gTants
have been met. Whej'e pertormanee conditions are attached to the grant and are yet to be met, th¢ income is
recogtLised as a liability at]d included on the balance sheet as defeiTed incoine to be iEleased.
Iiivesliiiejil iiicoine
Dividends are iecognised once the dividend has been declared and notifIcation has been received of the dividend
due.
Expenditui'e
All expenditure 15 recogmised once there is a legal or consttuctive obligation to that expenditure, it is probable
settlement is required and the ainount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar c051s to that category. Where Costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with ihe use of resources. with central staff
costs allocated on the basis of time spent, and dePreC￿atIOn charges allocaied on the portion of the asset's use.
Other siipport costs are allocated based on the spread of staff costs.
Rtti51iigfuiids
These are costs incurred in attracting volunt8ry income, the management of investments and those incurred in
trJding activities that raise fund5.
Cliftrlirtble Ncliwilies
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and 5¢TViC¢S
for its benefL¢iai'ies. It includes both costs that can be allocated directly to Such activities and those costs of an
indirect nature necessary to support th¢m.
Support Costs
Siipport costs include Central functions and have been allocated to activity cost categories on a basis consistent
with the use of resources.
Governance eosls
These include the costs attributable to the chaTity's compliance with eon$titutional attd stathtory requirements.
including audit, strategic matkageinent and trustees Meetin￿ and Teimbursed exp¢n$es.
Taxatlon
The charity is consideied to pass the tests set out in Paragraph I Schedule 6 of the Finall¢¢ Act 2010 and
therefore it meets the d¢finition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt froin taxation in respect of income or Capital gains received within ¢ategories
¢overed by Chapter 3 Part I l of the Corporation Tax Act 2010 01. Section 256 of the Taxation of Chargeable
Garns Act 1992. to the extent that such incoine or gallis air applied exclusively to charitable purposes.
Tangible fixed a55ets
Itkdividual fixed assets costing £100.00 oi. more are initially recorded at Cost.
Page 15

The Cavalier Centre Ltd
Notes to th¢ Finan¢ial Statements for the Year Ended 31 March 2024
Depreciation and aThorti$8tio
Deprcciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
Irsidual value, over their expected useful econoinic life as follows..
Asset cla55
Fixtures, fitting5 and riding ¢quipin¢nt
Motor v¢hicles
Ponies
Leasehold buildings
Depr¢ci8tion method and rate
25/0 straight Itne
IOO/o Straight line
100/9 StTaight lin¢
straight line over the lease t¢rni
The ponies are initially not depreciated as investment is requiird to train the horses to be suitable for RDA use.
Fund structure
Unrestricted income fund5 aTe general funds that are available for use at the trustees discretion in fvrtheranee of
the objectives of the charity.
The trustees have designated ￿hdS to enable the partial repayment of the V AT payable to HMRC when business
use is more extensive at the Cetttre and the zero-rating of the new Centre is no longer allowable.
Restricted sncome funds are those donated for use in a particular ar¢a or for sp¢¢ific putP05es. the use of which
is restricted to that area or purpose. The purpose and uses of the restri¢ted fund5 are set out in the note5 to th¢
financial statements.
Pension5 and other post retirement obligfttions
The charity operates a defined contt'ibution pensioTh scheme which is a pension plan und¢r which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further
conliibulions even if the fund does not hold sutyieient assets to pay all employees the benefits relat￿g to
e￿P[￿yee service in the cunEnl prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are
due. If contribution payments exceed the contribution due for service, the excess is recognised as a pi'epayment.
3 Income from donations and legaeies
Unrtstrieted
fund5
CTellei'al
Rc5trietcd
funds
Total
2024
Tot21
2023
Donations and legacies.
Donations from companses,
and siinilar proceed5
Donations froin individuals
Grants, including capital grants-,
Grants froln other Lhariti¥s
15,677
22,318
15,677
25,318
5,087
12,270
3,OQO
5,000
118,175
l23,175
196,389
42,995
521,175
164.170
213,746
Donations from companies, bvsts and siinÉlar proceeds includes £15,677 ts'ansfeiyed from the merger of the
Wolv¢rhaiDpton and East Shropshire RDA.
Page 16

The Cavalier Centre Ltd
Notes ¢0 the Financial Statemellts for the Year llded 31 March 2024
4 Incoine from eharltable activities
URrestriettd
fund5
General
Total
2024
Total
2023
Ridin& drivin& vaulting and hippotherapy
Facilities hire
92,568
20,640
92,568
20,640
113,208
102,835
30,678
133,513
113,208
S Income from other tradI￿g aetivities
UJkre5tricted
funds
Genergl
Total
2024
Total
2023
Events income.
Other events income
Lo¢al fundraising events and illerchandise income
117,146
18,574
117,146
18,574
6,448
135,720
135,720
6,448
The ¢harity held a very successful Ludlow Race Day event and online auction to rai￿ funds to support its
haritabl¢ objectives.
During th¢ year the ch￿"Ity held and attended a number of local events to rdi5e funds including stands at
Burwarton and ￿¢￿10l* shows. dressage to Inusic, Taffles, dog agility day, cai. boot sale a]id ju]nblebee auction.
6 Investtnent iNc0￿e
Unreslrieted
funds
General
Total
2024
Total
2023
Interest receiwable and sim2ldr income.
Enterest receivable ort bènk deposits
1,859
1,859
473
Page 17

The CAvalier Centre Ltd
Notes to the Financial StateRllents for the Year Ended 31 Mareh 2024
7 Expenditure on raising funds
Costs o(gener&ting donatjOJ15 and legacies
Unrestricted
fund5
General
Restricted
fvRd5
TotAI
funds
Fundraising events Bnd merchandise costs
Ludlow Race Day costs
3,755
27,768
280
75
4,035
27,843
Total for 2024
31,523
355
31,878
Total for 2023
4,609
4,609
Page 18

The Cavalier Centre Ltd
Notes to tbe Financial Statements for the Year Ended 31 March 2024
8 ExpendTture on chai'RtAble aetlvitles
Unrestricted
fund5
Gtntral
Restricted
funds
Total
2024
Note
Riding, driving. vaultirÈg 2nd
hippothETapy
Dcprcciation, amoriisation and other
similar costs
Staff Costs
Allocated support ¢ost$
Governance costs
26,816
60
26,876
1,701
73,520
33,278
3.786
50,939
94.575
1,850
52,640
168.095
35,128
3,786
139,101
147,424
286,525
Unrestrieted funds
Desigttatcd
General
Restricted
funds
Total
2023
Note
Riding, drivin
vaulting and
hippothei'apy
Depreciation,
amortisalion and
other sirnilai. costs
Staff Costs
Allocated support
costs
28.652
3,130
31,782
4,320
100,217
50,646
54,114
54,966
154,331
27
24,496
3,062
6,838
31.301
3,062
Govemance ¢ostS
27
160,747
114,728
275,502
The I'iding, driving, vaulting and hippotherapy expendÉture is analysed as follows..
Unre$trleted
fund5
CeDeral
Restricted
fund5
Total
2024
Total
2023
Pony hiK liyery, vet and farrier
fees
Training and sp￿1&11$t insti'uctors
Insurance and meinbership
Lorry and equipment repairs and
maintenance
Learning Tesources
19,730
60
19.790
19.306
350
7,652
5,354
5.354
1,974
2.500
1,732
1.732
26,816
60
26,876
31,782
Page 19

The Cavalier Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
9 Analysis of governance support eosts
Suppoit and governance costs are allocated against the unrestricted general fuuds Unless they meet the
conditions relating to specific iestricted fvnds.
Allocated support ¢osts
Unrestricted
funds
General
Restricted
funds
Total
2024
Phon¢, statsonery and administration costs
Website alkd n]arketRng costs
Staff training
Travel costs
Rent
Building mainteajance and equipment repairs and
renewals
Light, heat and power
Bank charges
9,144
507
836
2,406
4,999
91
9.235
507
836
2,552
4,999
146
8,012
5,120
2,254
1,613
9.625
5,120
2,254
33,278
1,850
33,128
Unrestricted funds
Designated
General
Re5trÉcted
funds
Total
2023
Phone, stationery and
administration costs
W¢b5ile Lind rna￿eting costs
Staff ti'aining
Travel costs
Rent
Building maintenance aiid
equipinent repairs and renewals
LighL heat and power
Bank charges
Bad debt written off
6,198
178
3,158
522
4,708
909
7,107
178
3,158
698
4,708
176
4,654
3,310
953
815
5,753
10,407
3,310
980
815
27
27
24,496
6,838
31,361
Pag¢ 20

The Cavalier Centre Ltd
Notes to the Financial Statements for the Year Dded 31 March 2024
Governance costs
Unrestricted
funds
General
Total
2024
Total
2023
Independent exait)inei' fees
Examination of the fjnancial stateinents
Le￿1 fees
1,956
1,830
1,956
1.830
1,944
K,118
3,786
3,786
3,062
10 N¢t incomingloutgoing resources
Net incoming resources for the year include:
2024
2023
Loss l {Profit) om disposal of fLYed assets held for the charity's own use
Depreciation of fixed assets
(1,9251
54,565
(301)
55,267
11 Independent examiner's remuneralioii
2024
2023
ExaJnii)atiOEJ of the financial statements
1,956
1,944
Page 21

The Cavalier Centre Ltd
Notes to the fiinancial Statements for the Year Ended 31 March 2024
12 .8taff costs
The aggi'egate payroll costs were as follows..
2024
2023
Staff costs durRng the year wore:
Wages and salaries
Social security costs
Pension costs
156,127
7,188
4,780
143,104
7,206
4.021
168,095
154,321
The monthly averdge numbei. of persons (Éllcluding senior manage￿Elit I leaderthip tea￿) ernployed by the
chw'ity during ihe year expressed as full tllne equival¢nt5 was as follows:
2024
2023
Dir¢ct
8 (2023 - 7) of the #bove employees paiticipated in the DefEned ContribulÉon PensiDtJ Schemes.
No employee received emoluments of Inore t5￿rt £60,000 during the yeai..
13 Trustees remuneratton 2nd expenses
No trnStc￿ Iior any p¢rsons connected with ihem, haye rec¢ived any retnuneration froin the charity during the
year.
No trustees have rec6ived any reimbursed expenses or any other benefits fi'om the charity during the year.
14 Taxatlo
The chariry is a registered charity and is therefore exempt from taxp4tion.
Page 22

The Cavalier Centre Ltd
Notes to the Financial StaÉenRents for the Year Ellded 31 MArch 2024
IS Tangible fixed gs5¢t$
Land and
buildings
Fui'nilure aiid
equiprnent
Other t¥tiigiblt
rixed asset
Motor vcliieles
Total
Cost
At l April 2023
AdditlOll5
Disposals
A¢ 31 March 2024
1,453,084
6,248
47,233
7,464
800)
42,625
14,845
4,551
(4,750)
1,557,787
18,263
(5,550)
1,459,332
53.897
42,625
14,646
1,570,500
Depreciation
At l Api'il 2023
Charge for the yeay
Eliminated on
disposals
177,925
48,491
42.188
3.619
39,889
1,028
5,364
1.427
265,366
54,565
(soo
1475)
11,275
At 31 March 2024
226,416
45,007
40,917
6,316
318,656
Net book value
At 31 March 2024
1.232.916
8,890
1.708
8.330
1,251,844
At 31 M3rch 2023
1,275,159
5,045
2,736
9,481
1,292,421
Included within the net book value of land and buildings above is £Nil (2023 £Nil) in Irspect of freehL)Id land
8nd buildings and £1.232,916 (2023 £1.275,159) iji respect of Re￿th01d$.
16 Debtors
2024
2023
Trade debtOTS
Prepayments
12,658
24,615
15,073
4.991
37,273
20,064
17 Cash *Rd eash equivalents
2024
2023
Cash at ballk
317.161
189,137
P8Ee 23

The Cavalier Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
18 Creditors: amounts falling due within one y¢ar
2024
2023
Other taxation and social security
Accrnals
2,668
10,801
469
4,898
13,469
5,367
19 Pension and other schemes
Defined conlribution pensiort seheme
The charity operates a def￿ed contribution pension scheme. The pension cost chai'ge for the year represents
¢ontributioll$ payable by the charity to the scheme 2nd amounted to £4,780 {2023 . £4,021).
20 Commitments
Capital commitEnellt5
On 30 April 2017 the Charity entered into an agreetnent for a 30 year lease with all irrevocabl¢ option to ¢xtend
at the end of the f]rst tei'm for a fi]ithei 30 years for the site at Much Wenlock.
Th¢ total aM0￿￿t contracted for but not proivided in the financial statements was £77,880 (2023 - £81,500).
Page 24

The Cavalier Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
21 Funds
Balance at I
April 2023
Inco￿l￿g
resource5
Rtsourecs
Expended
Balanee at 31
larch 2024
Unre5tTiclcd fund$
Geiterftl
General
88.711
293,782
(170,624)
211,869
Desigiiuled
Designatcd
107,697
107,697
Total unrestrict¢d funds
196.408
293,782
170,624)
319.566
RestrÉcted funds
Cavaliei. Centre
Riding, driving, vaulting and
hippotherapy attd running cost
donations
National Lottery grant
Step in the Right Dii'ection
project
Energize Shropshwe
Taking the Reitt8 project
Gai'den and related activities
Activites Coordinatoi.
Changiiig Lives through Horses
Vehicles fiEnd
Lkad Up International training
days
1,244,328
15,000
(51,277)
1,208.051
9,210
91
19.862
20,000
(16,961)
(1.371)
18.720
11,713
32,163
8,400
{30,399)
(8,400)
(6,024)
{3,764)
114,797)
(14,786)
13,477
9,000
4,978
14,647
5,880
2,976
1,214
4,850
3,094
7,500
5,000
12,000
7.500
1,250
1,250
Totgl restricted funds
1,299.847
121,175
147,779
1,273,243
Total fund$
1,496,255
414,957
(318,4031
1,592,809
Page 25

The Cavalier Centre Ltd
Notes to the Fillancial Statements for the Year Ended 31 March 2024
Balance at
31 Marcli
2023
B8lan¢e at I
April 2022
Ineomlng
resourtes
Resources
expended
Tr2n5fers
UIirestrÉcted funds
Geiierul
General
79,778
155,899
(165,356)
18,390
88,711
Deslgiiuled
Designated
107,123
601
27
107,697
Total unrestricted funds
186,901
156,500
(165,383)
18.390
196,408
Restriot¢d
Cavalier Centre
Riding, drivin8, vaulting and
hippotherapy and Tuthning
cost donations
FamEly & Volunteer Link8
Manager
Nation81 Lottery grant
Step in the Right Direction
project
Energize Shrop5hir¢
Taking the Reins proj¢¢t
Garden and related activities
AcÉivit¢s Cooidinator
Changing LiY¢8 through
Horses
1.224,525
71,120
{52,698)
1,381
1,244,328
5,500
7,830
(3,239)
(881)
9,210
1,276
17,114
919
(18,3901
(828)
3.984
36,834
8,631
12.000
10,59
17,665
{29,105}
(8,631}
(3,000)
(5.113)
{3,018)
11.713
9,000
4,978
14,647
{500)
14,976
(9,096)
5,880
Total restrieted futtds
1.235,285
197,680
(114,728)
(18,390)
1,299.847
Total funds
1,422,186
354,180
(280,111
1.496.255
The Sp￿1[1( pU￿05¢S for which the fLmds are to be applied aiE as follow5:
General fuTEds are unrestricted and available for use at the discretion of the Trustees in furtherance of the general
objectives of the charity.
The Trustees have designated fi]nds to enable the repayinejit of VAT on the Cavaliei. Centre following the
increase in busines5 Else.
Restricted funds relate to the Cavalier Centre, Ihe extension and development of the garden facility and
provision of vehicles., donations given to cary out the charRtable objectives of riding, drivin& vaulting and
hippotherapy lessons, including enrichmeIit for horses; to fund roles within the Charity (including tlie l.amily
and Volunteer Links Manager and the ALlivilies Coordinatoi')- National Lotteiy gvdnt to support the Centre-
nding for the 'Step in the Right Direction.. 'Taking the Reins,, 'CliarEging Lives through Horses, program]nes
and Lead Up International training days. Energize Shropshire grant to support the All In subsidised riding
lessons and At Home with Horses prostamme.
Page 26

The Cavalier Centre Ltil
Notes to the Financial Statements for Éhe Year Ended 31 Mal'ch 2024
22 Analysis of net &ssets betiveen funds
Total funds at
31 March
2024
Unrtstricted funds
GenerAI
Designated
Restricted
funds
Tangible fixed assets
Current assets
Current liabÉlitiEs
12,609
212,729
(13.469)
1,239,235
34.008
1,251,844
354,434
(13,469)
107,697
Total net ossets
211,869
107,697
1.273,243
E,592,809
Tot81 fund5 at
JI Mareh
2023
Unrestricted fund5
Gcn¢ral
Designated
Restrleted
funds
Tangible fixed assets
Current assets
Current liabilities
48,094
45.984
5,367
1,244.327
55,520
1,292,421
209,201
5,367
107,697
Total net assets
88.711
107,697
1,299,847
1,496,255
Page 27