Coiiipaiiy iegisiraiioii tiuiiibei.: 08737154 Cliai'ity iegisti?tion iiiirnber.. 1163030 The Cavalier Centre Ltd IA cotmpaiiy liilliied by guaiaiiteel Aniiual Repoit diid Financial Slalenients for Ilie Yeai. Elided 31 Mai-Lli 2025 Enriching and empowering lives through horses Cavalier Centre ThL C.avaliei' Centre Ltd Coiitciits Refcreii¢e and Adiiiiiiistralive t)elails I'iistees, Rei)ort 2 to 19 20 Tndependcnt Exaiiiin¢r'5 Report Stattnient ofFinancial Activities 22to23 Balance Slieet 24 Notes to tlie Fillancial Siateiments 25to38 Enriching and empowering lives through horses Cavalier Centre '1 he c.avalier Ceilti'e Ltd Ilefei'enco 2iid Adiniiii.4lr2tiiie Details PtYsi(lent -ILllI'y %eyinoui', Mai'qiie%s ofi-lei'lfoi'd Vice Pi'¢sideiJt Catliei'iiie, Lady I,orcstei' P#troJJ Kelda Wood, MBE Seliiia Gi'aliain I'i'u5tec¥ SL'ltiia Graliaiii Jaiie Bai'ker, Ml4 Edw£ird Atidirwes Lynn AEI¢OiI Saixh Baiigli Mark Haiiiiltoii-Riissell Jai)ie.4 Van l-laleii Neaime Seci'etRI'y Dellnis Hill Clixrity ReglstrAlioii Niiinbei. 1163030 Compuijy RegistiMtion Number 087371.54 The cliai'ity 1% incot'poi'ated in Englaiid aiid WHles. Tlie Cavaliei. C.eiirre BE'adlty I,aiYTri Farley NJliicli WtIilock Registei'ed Office TF136PI Iiidepeijdent LX￿111￿11tr CBSL Aecounlanls Lin11ted Rowall l-loiise Noi-lli l Tlie Pl￿fesSIonal Qiiartcr Slirewsbuiy Busllless Pai'k Shi'eivsbuiy Slirop51iire .8Y2 6LG Bankei's HSBC J3 Higli Sticct Slir¢wsbury SlTrropsliIiT syl Isi. The Cavalier Centre Trustees, Report Enriching and empowering lives through horses Cavalier Centre The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 NAarch 2025. Trustees and officers The trustees and officers serving during the year and since the year end were as follows: Selina Graham Jane Barker NABE Edward Andrewes Lynn Aucott Sarah Baugh Teresa Black (Resigned 29 April 20251 NAark Hamilton-Russell th Dennis Hill Valerie Hill James Van Halen Neame Chair.. Selina Graham Secretary: Dennis Hill Enriching and empowering lives through horses Cavalier Centre Structure, governance and management Nature of governing document The original unincorporated charity, The Perry Riding Group for the Disabled Association, was governed by a constitution adopted on 2 November 1998. That constitution was superseded on l July 2015 by the Nlemorandum and Articles of Association of a new company limited by guarantee, Perry RDA Ltd.. into which the charity was transferred as a going concern. During 2020 the charity changed its name to reflect its new identity following the opening of the new Centre to The Cavalier Centre Ltd.The Cavalier Centre Ltd is a company limited by guarantee governed by its NAemorandum and Articles of Association dated I" July 2015. It is a registered charity with the Charity Commission. Anyone over 18 can be a Nlember of the Company. There are currently 28 members110 Trustees and 18 Ordinary) each of which agrees to contribute £1 in the event of the charity winding up. The liability of each NAember of the charity is limited to £1. Recruitment and appointment of Trustees The management of the Charity is the responsibility of the members who are elected as Trustees and Directors of the company. Election takes place at the AGM by the members of the company following nomination and notification to its members. Enriching and empowering lives through horses Cavalier Centre Induction and training of Trustees New arrangements for the recruitment of trustees were introduced during 2025. Vacancies are advertised on the Covalier Centre Website., on social media platforms. via the Shropshire Voluntary & Community Sector Assembly newsletter, and via professional relationships. Candidates are shortlisted, interviewed and appointed by the Board of Trustees. All new trustees undergo DBS checking and Safeguarding training, together with a period of familiarisation with the Boord and the Centre. They are each required to complete Confidentiality and Conflict of Interest Declarations; and as part of the "On-boarding" process are provided with copies of the Centre's governing document (the NAemorandum & Articles of Association), previous year's accounts, NAinutes of Board meetings and copies of relevant documents such as the Organisation Chart, Index of key policy and strategy documents, and Chctrity Commission Publications such as CC3- The Essential Trustee- outlining the main duties and responsibilities of charity trustees. Organisational Structure Decisions are made by the Cavalier Centre Ltd., committee with a minimum of a quorum of 4. Relationships with related parties: The charity is affiliated to the National RDA (Riding forthe Disabled Association) and approved by BHS. We have also been working with the Brockton Court branch of the RDA to take over from them as they have sadly decided to close down. Enriching and empowering lives through horses Cavalier Centre Major risks and m(Jnagement of those risks The Trustees have assessed the major risks to which the Charity is exposed. in particular those related to the operations and finances of the Charity. The Trustees are satisfied that the systems und procedures are in place to mitigate the Ch(Jrity's exposure to those risks. This process is informed by refence to the Finance and Business Risk Registers. The Finance Risk Register was last reviewed 17110124 and has been updated ready for review (Jt the 31107125 Trustee Committee meeting. Objectives und activities The principal objects of the Charity are to promote the objects of the Riding for the Disabled Association incorporating Carriage Driving, a Charity registered under charity number 244108 IRDA) by providing disabled and otherwise disadvantaged people with the opportunity to ride andlor carrioge drive to benefit their mental and physical health and well being in the Shropshire area. Donations and Fundraising Donations and fundraising are particularly important to us as they help to offset the difference between the contributions made by participants and the full cost of providing the Charity's principal objectives.ln total, just over £17,500 was raised by don(Jtions throughout the year with amounts being given by individuals and organisations. from the smallest amounts in our collecting tins to individual contributions of oll sizes, with nearly £4,000 being raised by NAark Bowman in the memory of his wife Sam, a sadly missed member of ourteam. money which supports the'Ponies to the People, initiative. Other large donations came from Wellington Rotary Club, Severn Loop Players and Masonic charities.Organisations such as QLF Production Ltd. also helped us with sponsorship of a banner in our arena, W R Partners paid for signage for'Ponies to the People, on our Horse box and A Hand Plumbing Ltd., provided rosettes to reward our enthusiastic participants. The Fundraising Committee was also very active with just over £14,500 being raised by our committed volunteer fundraisers.Activitie5 included stalls at local events, such as Newport Show and Burwarton Show, which brought in more much needed money with Car Boot sales, and of course the ubiquitous raffle tickets. In June we ran a table top equine tack sale, in July we hosted the NAuch Wenlock Olympic Games equestrian section and many of our ridors achieved Ih medals. We also hosted a Coffee NAorning on 25 July to which many local organisations were invited. Our volunteers organised and ran a very successful Craft Fair in November and also hosted another NAcNJillan Coffee Ivlorning in November. Refreshments were also sold at every opportunity and individual events such as Dressage to NAusic were organised. The yeor at a glance- 2024-25 has been a year of change- managing change, learning from change and moving forward strongerthan ever as a result of change. Most notably because we said good bye to our NAanager of the past 5 years. Rachel Lambert Jones came to the Centre early in 2020 and was here for only a couple of months before the first lock down, but she managed the Centre through the difficult Covid years so that we came out of them stronger and ready for the growth in activities. the growth in the site and buildings, the growth in participants and in our volunteers, staff and equine partners that ensued. Rachel really helped to establish the Cavalier Centre on the"Charity map" of Shropshire, as a trusted and welcoming, forward thinking community asset. Enriching and empowering lives through horses Cavalier Centre But despite our sadness at her decision, change always presents opportunity. Trustees focused attention on listening to staff and other interested parties, to consider where improvements could be made, to look at the staffing structure, review job descriptions, work on the financial modelling (which has changed significantly since we opened in 20191 und to ensure that any new appointment not only covered the requisite skill sets, but could manage the next chapter of our evolution, which would see less reliance on grant funding and paid staff, and more reliance on paid activities, making the most of the amazing facilities that we have for all who can benefit from them, and better utilising the wide ranging skills sets of our wonderful volunteers. With this in mind, adverts went out for a new Centre NAanager, but at much the same time as we interviewed and appointed a Centre NAanager. funding ran out- and was not regranted for the Steps Programme- 3 years of lottery funding and some amazing heart warming stories and testimonials, fabulously collected and presented data, but no longer could we support Lynette or Steps. Funding also ran out for Richard Belcham, another favourite member of the staff team and not one but both of our carriage driving ponies had to stop sessions- one to be retired, and one through lameness, so this very popular activity had to be cancelled. Family circumstances led to further staff changes, and the Centre NAanager who was appointed just before Christmas became a further victim of all the change rather than a solution. She left in NAarch 2025. Enriching and empowering lives through horses Cavalier Centre With no carriage driving, no Centre NAanager, fewer horses ond ponies, and fewer staff, trustees used the latter part of the year to reevaluate, readvertise and to reset.The contraction in delivery of sessions has meant that more time could be spent reassessing programmes and delivery as well as future proofing the structure, so that both from a personnel perspective and a financial perspective, the Cavalier Centre would be less exposed with big change events in the future. One of the trustees stepped down temporarily as a trustee and spent time supporting the Centre in a managerial capacity, and we are all grateful to Lynn Aucott for her hands on help and all the trustees moved to a more operationol role in support of staff with regular weekly meetings until a new manager was appointed. We had a very strong cohort of applications for the role, and decided instead of appointing one Centre Njanager. to split the role, and have on inward facing Operations NAanager with responsibility for everything within the Centre and the safe delivery of sessions to participants. and alongside her to have an outward facing Business Deve5opment Njanager with responsibility for PR and marketing, raising the profile and partnerships, funding and new grants. Alongside a new yard manager. we believe that a senior management team of 3 will be a stronger and more resilient structure as we move forward and continue our growth trajectory in 2025 and beyond. With different people come different ideas, and skill sets, and the year has also seen a move tow(Jrds more progressive riding as well as the therapeutic, new initiatives such as "ponies to the people" where visits are made to care homes with one of our equine friends and this is something we believe will grow, with several more enquiries recently. Enriching and empowering lives through horses Cavalier Centre Achievements and performance We've retained a 5, Riding School Licence and are rated Highly Commended BHS Approved Centre in all areas of our work. We have continued to provide regular programmes this year as follows, although as mentioned above, by the end of the year, the STEPS programme has ended, as has the Cavalier Club, but Ponies to the People is new and there is a renewed emphasis on progressive riding and inclusion. Not all sessions are exclusively for disabled riders. Riding for the Disabled Riding Riding for the Disabled Carriage Driving Riding for the Disabled Vaulting Riding for the Disabled Pony Care Stable Relationships-Equine Facilitated learning 12 week programme for young people BHS Changing Lives Through Horses- skills development for young people Quiet Time with a Pony-confidence building sessions Tea with a Pony- Social activity for those living with dementia and their carers Cavalier Club-supported volunteering and social sessions Enriching and empowering lives through horses Cavalier Centre Over the year we have delivered RDA sessions (Riding, Carriage Driving. Pony Care, Vaulting, Quiet Time with a Pony and Tea with a Pony) for 363 regular participants, just under half of whom are under 18 years old. 248 of them were first timers, which is high due to some one off events with large numbers. We have worked with families, local authorities, schools and other partners to provide horse based activities including respite for carers and support staff and tailored projects for children and young people. At the RDA Virtual Competition. Cavalier Centre riders and vaulters were placed in every category with a pleasing number of I" and 2, places. We have 128 volunteers and 13 volunteer coaches. 36 new volunteers were onboarded during the year and are now actively volunteering. Here are a few quotes / testimonials: From a parent'we thank you to for enabling her to find her passion and for being given opportunities in a nurturing and understanding environment where she feels comfort and absolutely loves." Enriching and empowering lives through horses Cavalier Centre From a Vet Med student on work experience"Thank you so much for having me the other week. You truly ore a tremendously kiiid and welcoming team and it was a pleasure to work alongside you all." From o volunteer"I have always had horses but cannot ony longer. Coming here gives me a horse fix and the team and volunteers ore great. I look forward to it eoch week" From a volunteer "Coming to volunteer took a lot of courage. as I have struggled with my mental health. Now I feel like l am part of a team and I am hoping to start riding soon" From a parent"Fliding at the Cavalier Centre has been a dream come true for X. In such a short amount of time I have watched her become more confident, not just around horses but with other children. Instead of hiding behind my back, she engages with adults and children and always has a huge smile on her face after a lesson. The staff at the Cavalier Centre are very understonding and it's become X's happy place. She told me she can be herself there and counts down the days until she can go again." From a volunteer I have made new friends and just love being with the horses. I did not know anything about horses until I came here, but now I am hooked!" From a carer "l am beyond grateful to each member of staff and pony at the Cavalier Centre because nothing is too much forthem and they have gone out of their way to help X with her riding lessons. Participants and Volunteers People who engage with the Centre come from all walks of life. uged from 2 over 100, they may have special educational needs and disabilities, be unpaid carers, have suffered trauma, anxiety or long term illness, isolation or face any other form of challenging life circumstances. Nlany of our participants become volunteers, alongside many of their family members, and some of our volunteers become participants. Volunteers help in a huge range of different ways from overseeing the Centre's governance and strotegic direction to hands on support of the Centre on site across all equine related activities, administration and ground maintenance. They represent the Centre at special events, e.g. County shows, local Fayres, and support with fundraising, PR and marketing, hosting events and more. We could not do what we do without them. This year, in excess of 13,600 hours have been given to the Centre by volunteers. Enriching and empoimering lives through horses Cavalier Centre Additional Activities As well os our day to doy regular activities ond programmes, we continue to welcome external organisations and partners to the Centre. Our calendor includes a wide variety of different events- some to raise funds, some to raise awareness and, of course, most of them for the enjoyment and benefit of our participants and the local community. The East Shropshire Riding Club run regular competitions and clinics in our arena Ready to Run dog agility training use the arena for evening sessions every week Absolutely Barking Agility Addicts dog agility shows Patsy Pyke - mechanical horse hire Lillie Radcliffe used the arena for an Equestrian Photoshoot There have also been trips away from the Centre, such as our carriage drivers who joined other Para Carriage Drivers at the Unicorn Centre in Stow on the Wold in the spring. In Oct 24 our brilliant volunteers turned out in numbers to support a local British Ivlotorsports Rally, who in return for our help donated £2,850 to the Centre. In Oct 24 We welcomed a visit from vets from Senegal and Ethiopia for a day hosted by the Brooke Hospital for Animals which does wonderful work reaching 1.5 million working horses, donkeys and mules across Africa, Asia and Latin America. Enriching and empowéring lives through horses Cavalier Centre In Dec 24 A demonstration dressage display was put on, free of charge, by Nick Lawson and hAark Walters who brought some splendid horses to thrill spectators. Despite the cold winter afternoon soup and refreshments were on offer, everyone brought their own chairs and plenty of warm clothes and circa £2,500 was raised by the event. In Ivlarch we hosted two days of Inclusive Sports organized by Shropshire initiative, Energise. This supported 40 children on each of the two days. Site/Equipment' NAay 24 A much needed storage area for hay and equipment was constructed in proximity to the pony fields and water supply since much of the hay needs soaking forthe older ponies. Jun 24 A very sad goodbye was said to the 26, 7.5 tonne horse lorry that the Perry Group raised the money for over 10 years ago and used regularly.Since moving to the Cavalier Centre it became more difficult to find anyone qualified to drive this and it was seldom used owing to its size. A smaller two horse van was deemed to be more practical since it can be driven on a car license by any of our staff or volunteers. Jul 24 It was decided to purchase an Audio Equipment mic & neckloop receiver. This will all help with the various demonstration events that we regularly hold in the arena. Enriching and empowering lives through horses Cavalier Centre Nov 24 Solar panels were installed on the roof of the building anda heat pump was installed. This installation was 100 % funded under the VCSE energy efficiency scheme, managed by Groundworks and the work carried out by Energyzone. Ivlar 25 Due to expanding the number of horses and ponies now needed for extra participants the decision wus taken to rent 3.2 acres of grazing land which became available next door to our facility. Public benefit: In setting the objectives and planning the activities, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. As one of the leading specialised riding centres in Shropshire, The Cavalier Centre not only benefits people with special needs but also the entire community, giving opportunities for volunteering, school participation and practical experience for children and adults working with people and animals. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Enriching and empowering lives through horses Cavalier Centre Financial review 2024125 has been a significant year of change for the Charity with continued demand for its services but ongoing pressure on finding donations, grants and new sources of funding to be able to offer the range of activities. The fundraising efforts of the staff, volunteers and Trustees continue regardless alongside generous donations- referred to in donations and fundraising above. The Charity received a further of £120,878 in grants for the year ended 31 NAarch 2025. Grants and donations were received to supportjob roles and projects such as the Changing Lives through Horses and Ponies to the People progrommes as well as for ongoing capital expenditure needed at the Centre, including ponies and a horse box. Income from charitable activities totalled £106,782, which included £66,700 from RDA lessons and related activities and £19,362 from programmes including Stable Relationships and Changing Lives through Horses and £20,720 from the hire of the facilities. The Charity's total expenditure was £372,022, of which £368,491 was spent on running its charitable activities. The main costs for the Charity for the year are salaries of £223,562, depreciation of £55,562 and pony livery and related costs of £26,747. Enriching and empowering lives through horses Cavalier Centre Policy 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 Trustees recognise the need for a reasonable amount of financial reserves in order to protect the Charity from the possibility of any adverse or unforeseen circumstances that could arise. The Trustees have therefore estoblished a policy where the unrestricted funds not committed or invested in tangible assets held by the Charity should be twenty six weeks of the Charity's annual expenditure on payroll costs, property operating expenses. activity costs and administration expenses. In the event that there was a significant drop in funding, it has been identified that the Charity will need to have access to unrestricted reserves with a current value of at least £117,000, which represents twenty six weeks of the Charity's annual expenses. At 31 NAarch 2025 the unrestricted undesignated reserves totaled £126,623 12024 - £211,869). The Trustees have reduced unrestricted reserves over the year increasing capacity and staffing levels to deliver more opportunities for the participants. The Trustees are taking appropriate steps over the next financial year with the aim of maintaining the level of these reserves to meet the perceived future needs of the Charity. Enriching and empowering lives through horses Cavalier Centre The Cavalier C.entre Ltd Ti'ustees, Ilei)01-t 'hi5 rei)uit11&8 been pi'cpaird in accoi'dance wilh Ilic siiiall coiiipaiiie5 Irgime iindei. tli¢ Comi)anies Act 2a06. Tlie aiiiiual iepoTt wa% appi'ovcd by Ilie tl'LlStees (If Ilie cliai'ily on 31.4￿. aiid signcd oli ils belialf by.. Cliaiinian and truslee Enriching and empowering lives through horses Cavalier Centre Tlie Cavalier Cellti'e Ltd Statemeiit nf Tt'u$tc&s' IILSI)unsibilities 'rii¢ Ii'iisiees Iwlio illL' u150 Ihe diieG1015 of i'lie Lavali¢i' Ceiitre l.td foi. tIIL' piii'poses of conipaiiy liiiv) United KiiigdLlni A¢¢oLllltiiig St&iiidAI'ds ILliiited Kiiigdoin Geiici-ally Al￿1)ted A¢coiinliiis Piacticel. iDcliiiliiig accounts l)ave l)eei) piepajed iii accoi'daiice with tlie yrovisiotis 111 tlie ('.oiiii)aiiics Act 2006 Itlaiing ta sniall Coiiipdny law IEquircs Ilic ti'ust¢es ¢0 pi'epJi'L fIiMllcial slaleinents foi. eacli financicil yLYi'. Uiidei. ¢oJnpaiiy law af tlie state of af(&irs ot. Il)c cliaiilalile coinpaiiy aiid of IliL inco1￿1118 resoui'ces aiid ayplicalioh of resoui-ees, obbcrve Ihe imetliods aiid priJiciple.s iii the Chiirilies SORP. nial(e.ju(fgein¢nls aiid estiinalrs tliat ire reasonable aiid prudeiil: .%lat¢ wlicther 81)plicable accokinting siartdatd.q, coit)pi'isiiig FRS 102 liavt l)eeii followcd, 5ubje¢i lo aiiy clidi'ithble ton)pany will Loiitinue iii biisincss. 'lie IruslLcs al'e responsiblc for keepittg proper accoiititing i'ecoiyls Ilial can disclose Nvith reasonable accuracy at comi)ly iviili tlie C.oii)paiiies Act 2006. They al'e also respoiisible for safegiiai'diiig tlie a5scls of tlie ¢liai'ilable coinpaii} an(t Iience for ial(iti£ reasonable step5 foi. the pieveiitioii aiid deiecti(Jii of fixud at)d oilier iri'egiilai'itieq. iiicluded on the ¢li#riiable ctsjnpdny's wel)sit¢. Legi51&tioii govcriiing tlie piEparatioti aiid disbeiiii11aiioii of finaiicial %tatenients ii)ay dI[f￿ fioni leuislation iii other jui'isdici*oiis. AppiDved by tlie tr115tecs of tlie Lliw'ity on 314 Io7.Yaii(I sigiied on ¢t5 behalf by: Selina Gi'aliain Cliaii'iiiall and tl'115tee Pagc 20 Tlie Cavaliei. Centi-e Ltd liidcpeiident fi xaininLr'.¥ Ilepoi-t to the ti-u.stees ol. I'lie Cavalier Ceiiti'e Ltd ('the CoiiipaThy') repoi'l 10 (lie clidl'lty lliisiees on iiiy cxaininatioii oftlie aLcoiiiits of tlie Compaiiy foi. Ihe year ended 31 Mairli 2025. I'LSI)onsibl¢ for Ili¢ pi'¢paraiion ot'tlie accoiiiits sm H¢¢ordaii¢e willi Ilie i.e4uiiriiienls of tlie CornpiiliiLS Act 2006 I'ilie 2006 Act,). 4aving satisfied Inyself tliat Ilie accouiils of th¢ CL)Inparty art iiol i'eqiiirtd to be audited uiidei. Part 16 ot tlie 2006 Act and are cligil)le foi. indci)ciideiit cxaiiiinatioii. I iew)rt iti iespect of iiiy exaiiiiiiation of yoiir cliarity's ex2111iiiaiioii I have tollowcd tlie F)iYections givcn by tlie Cliarily (:omitiission uii(ler seclion 14515llb} of tlie 2011 Act. %in¢e IliL C0111paiiy's giDss iiiconie exL¢e(led £250,000 youi. L.xainiiiei' Iniist be a niciiibLr of a body listed iii of ICAF.W, Ivliicli 15 oiie of Ilie l(sted bodies. exaiiiillation giving iiie caLise lo beli¢ve'. accoi)iitiiig i'ecords were iiot kept ili Tespeci of The Cavalier Cetiire Ltd as requii'ed by 5¢Ctioii 386 of the 2006 Act., oi. 2. the accouiits do not accoi'd witli those Ir¢oiYls' or 3. tlie accouiits do iiot comply with Ilie accountiiig iequirenieiils of se¢iioTI 39() of tlic 2006 Act otl)er Ihaii tlie aLcouiils have not becn pi'epared in accoi'daiicL witli tlie tmeiliods aiid pi Iiiciples of Ihe Staleiiieiil of RcLoin111eiided I'i'actice foi. accoiinting and rcpoi-lilig by chari(ie% lapplicable to ¢hai'ities prepai'iiig theii. accounls in accordaiice willi tlie fiiiancial Repoi-lTriig Standai'd applicablt In Ilie IIK aiid Rcptibli¢ of Ircland IFRS 10211. ljave iio coi)cerns ajid have coine 8cros5 llo otlier iii&tte¥5 In roiirttLtion willi tlie exami118tioii to which aiteniion %l)oiild be di'awji in this report iii order to eiiable a propel. ILndeistaiidinB of (he accoliiits to be reached. LOOsA5rt Louise Osselion I",CA CBSI. A¢¢oiiniaiiis Liinited ICAEW Rowaii House North l Tlie Pl￿fesSIonal Qiiartei. Slircw%bllYy Bu%iiiess Park Sliirwsl)Iiry SY2 6LG Date.. 3.1 J.410' l)age 21 I"lie Cavaliei. Ceiiti'e Ltd Statemeiit of Financial ALtivities tor the YeAI' fi iided 31 Mai'eh 2025 (lJicludiii% InLI)IIIL aIl(l F.xpeiiditiirL ALLlbllilt Aiiil St&tement of. Ti)tal IleLoLyiiise(I Cbailis aiid Lossesi) R¢strieted fuiids futjds 2025 Notc Donatiol￿ aiid Itgacics 12.881 ia6,782 14,490 12,215 125,497 138.378 106,7£2 14.4C)O 12,215 Investnieiit incon)e 'I'otal iiicome 146,368 125,497 271.865 I IPLlI(litute on: K&ising Iiinds {3,5311 1368,49I} {228,0831 {140,4081 Tolal eiycii(lilui 1231,6141 1140,4081 1372,0221 Net expaidiltiiT Net iiiovcmttit iii fuiids 185.246 {100,157 185,2461 1100,1571 RecoiiciliAtioii of fuiids Total fiinds b)'oiigilil fo¥ward 319.566 1,27.3,243 1,592,809 Tolal fujids cai'riLd foiv81'd 21 234,320 1,258,332 ,4CJ2,652 Tlic iiotes oli pag¢5 25 to 38 form an iiitegi?I parl of tliese finaiicial 51ateinenl%. F￿￿￿e 22 TIIL Cavxlier Centi'e Ltd Statei))eiit nf f4 iiiaiic¥AI Activities fni- Ilie Ye411' fiJiided 31 Mai'cli 21125 {IIiLliiiliiiLT II)COlDe aiid FxpLlI(litiii-e Accoiint and %tateiiiL'lIt of 'l'i)tal Ree(>ginisLd GAins aiid Li)yses) Utiresti'itted fui)ds Resti'icte(I 'I'otal 2024 Nnte liieThiiiL Ati(l Ei iiilo)i'nionts fF'oM: Dniiatioiis and legaci&s 42,()95 113,208 lJ5,720 1,859 ICi4,170 113,208 135,720 1,859 Iiivcsliiieiil inci)me Tolal iiieoine 293,782 414,957 li xi)enditui'i un: Raising fuiids (31,523) {31,8781 1286,5251 1147,4?41 l-otal expenditiile 1170,C>141 1147,7791 1.318,4031 Nei iiicomel(expellditLlI'e) L2i,158 {2C),6041 96,554 123,158 126,6041 96,554 Recollcili3tion of fujiils Tolal ftind5 brougSit forward 196,408 1,299,847 1.496.255 Total Iiii)ds caiyied fornvard 319,566 1,273,243 1,592,809 All of tlie cliarity's activities dei'ive fi'oti) con1￿lILLIng 01)erations dui'iiig the above Iwo pei'iods. Tli¢ fuiid8 breakdoivii for 2025 aild 2024 is sliowii iii iiote 21. -riie iiotcs 01) pages 25 to 38 toi'm ali integi'al parl of tliese fiiiaiicial slateiiieiils. l)age 23 TIIL Cavaliei. CLlltI'e Ltd (RegsistF'atioii nunibei-: 08737154) BaliiiiLL Slieet as at 31 MAR'clI 2025 202.5 2024 Note Ilike(I nssets 1,27J,-%24 1,251,844 Cuj'teiit Asfet DebÉoJ's Casli al bank aiid iii liand 12,058 218,797 37,273 230,855 354,434 Cytditoj's: AiiiTrunt5 fnlliiig dije ivithin (bne yeAr 113,469 Net cui'i'cnt assets 219,128 340,965 Not assets 1,492,652 1,592,809 Ilesti'icted inconie fuiids Resii-ieted fiittds 1.258,.332 1,273,243 Uiire%tricled funds 234,320 319,566 Total fujids 21 1,492,652 1,592,809 For the tiiiancial ytai. eiidi118 31 Mai'cli 2025 Ilie chavity was eniitled to exeniptioii li'oin audit iijidei. sectioii 477 of Ilic Coinpai?ies Att 2006 IElatiiig to sinall conipanies. Dii'cGtoi3' Irspoiisihililies.. a¢¢oi'd8thee willi section 476; and Tlie dii'ectoi's ackno%vlcdg¢ Ilieii. I'esponsibilities tor coiiiplying witli Ili¢ IEqiiireinenls of tlie Act with re&pe¢t to aceoujiliiig i'ecords and tlie piepaizlion uf aecounls. Tliese fitjancial sthteiiients have been prepai'L(l in accoiylaiice witli Ilie sI)ecial piDvisions rclating to ¢01])￿RieS siibjett to die sindll conipaiiies I'egiiiic within Pait 15 of tlie Coinpanies Act 2006. 'lie fitiancial statell)eiits oli pages 22 to 38 weie appi￿ved l)y Ilie tiiistees, and &u(horised foi. issiie on ,3.1.J4.lots and sigiied on Ilieit. belialf l)y'. Selina Gixliani Cliainnan and ii'iistee I lie iiotcs oi) pages 25 t() J8 foiin 8n iiitegi21 parl of Iliese financial 51ateiiieiil8. Page 24 'I'he C.gvaliei' CLthnti'c Ltd Notes to tlie Fiiiancigl Stateineihts flir tlhe YeaR- r. ded 31 Marcl) 2025 I Chai'ily 8txtus Tlie cliai'ity 15 liiiiitefl by giiarai)tee, incol'poi'￿ttd iii F.iigiland aiid Wale8, 2¢ nd coxseqiiejiily does ilol liave shaiE -I'lie Chai'ity's itgistered office and pi'inicii)al adilre.%s is Tlie C'Rvalicr C¢iilre, Bracal fuiidiaisiTig evenls aiid Inercli&iidist iiicoine 18,574 14.490 14.490 135,720 Dui'iiig tlie yeai. tlie cliai'ity held and altended 8 numbei. of local cvents to iatse fuii(Is imcludriig-fea witli a Pvny o agility days, cai. boot sale, liistoric ially event and raffles. 1Sni'estricte Toknl 21)25 Geijeral 2024 Inteiest i'eccivable and siiiiilar iiiconic. Iiit¢re5t ¥¢c¢ivable oti baiik deposits 12,215 12,215 1,859 Page 28 ThL C2vg1iL41' CentrL Lt(I Notc5 to tlie FingiieiAI %tiitemenls for the Yeai- Ei n(led 31 Mai'cli 202 7 Tr.xpelldilui'e 011 i'Aisitig fiiiids Ci)$ls of getiti'AtiTlg (lotiAtioii.8 and Icu#cies I'otAI 2025 Geiiei'al 2024 Fiiiidiaising even15 iiiid iiieidian(lise costs Lkidlow, Race Day costs 3,531 4,035 27,843 3,531 31,878 UTkl'e$tricled Genei'al fuiid8 fund5 'iindiaising cveiits aiid niercliaiidi5e ¢051S 3.531 3,531 Total for 2Q25 3,531 3.53 1 Tot%1 (or 2024 31,523 -355 31,878 PaEe 29 Tlie Cavalici. CLntrL Lt(I Notes to the Finaiieial Stateimeiits for the Year Ei ndcd 31 Mai'eli 2025 8 Lxi)eTiiliture 011 ¢liai'it#l)It #ttivÉties Unresti'icted Restricte(I Totxl 21J25 Ceiicral Note Ridiii£, drtving, vaiiliiiig aiid Iiippothei?i)y Dtpreciaiioii, amorii.4atioii aiid oiliei. 600 40,436 3,45Q 149,274 52,112 74,288 13,408 55.562 223,562 45.586 3,345 Staff cosls AllocJ¢ed SUkJPOtt costs Ciovei'iian¢e ¢osts 3..345 228,083 140.408 -368.491 Restt'iite(I fujids Total 21)24 Geiiei'al Note Ridillg, di'iving, vaultlll8 and llipi)othe￿pY Depi'eciatioll, a￿l0rtIsaI7ort aiid other 26,X16 60 26,876 50,939 94,575 1,850 52,640 168,095 35.128 3.786 Staff tyosis Allocatcd suppoit costs Cioveriiance costs 73,520 33.278 3.786 139,101 147,424 286,525 n)e i'iding, di'iyingy vaultiiig J#d hii)poilieiapy expciidituie is aiialysed as follows.. funds Geneial R￿trIe1 fuiids Total 202.5 TotAI 2D24 Pony hiir, lively, vet atid farri¢i' fccs Ti2ining aTid speciali%t instTUCtoi's 26,497 608 9.423 250 26,747 608 9,423 19,790 5,354 Loriy aEid eiiuipiiieiit rei)aii's and Imè)iiitenance Show5 and ¢oiiiperitions Leai'titiig ir50ur¢es I,soo ,508 1.800 1,858 350 1,732 600 40,436 26,876 Page 30 The Cavaliei. Centi'e Ltd Notes to the fi FITr#llCTAI StAteiTrieiits for the Yelli. Li nded 31 Marcli 2025 9 Arialysis Of gov¢rii#the¢ iiJ(l $upyoi't costs %iippoit oiid gove¥iiattce colts are alloLatLd against il)e i¥nreslri¢t¥(f geiiei'al funieThts Legal fees 2,040 1,305 2,040 1,305 1,956 1,830 3,345 3,345 3,786 10 Net IllLonJiiigloutgoiiig i'esouiYe5 Net loulgoinglliiiconiiiig resoiirces foi. tl)e year iiiclude.. 2(b25 2Q24 Li)ss I IPI'ofitl on diswsal of fixed a5selS held for ¢lie ¢liaTity's use DcpiT¢ialion of fixed assets 11.2091 56.711 (1,925) 54,565 2025 2n24 Examinotioii Trf tl* fiiiancial 5tateinents 2,040 1,956 Page 32 Tlie Cavaliei. Ceiiti'e Ltd Notes lo thL f4 iiiallLiiII Statements foi- tlic Yeai. n(led 31 Mai'eh 2025 12 Staff Losts I'lic aggi'egaie i?ayiDII costs wei'c as fvllows.. 2025 2024 Staff eosL8 dui'illg tlie yeAI' weie.. Wgges alid s&lai-ies SoC￿al 5eLiirily co%¢$ Pei)sion costs 206,544 12,122 4,896 156.127 7.188 4,780 223,562 168,095 cliai'ity duriiig tlie yeai. expressed as fiill tinie eqkiTvaleiil.s was a.s folloivs.. 2(I25 2024 No Dii'ecl 912024- 81 of Ilie above employces Iw1i¢ipated iii the Defined Conti'ibiition Pellsion Schemes. No eini)loyee received eiiioluiknei)ts of tnoi'e tliaii £60,000 diiriiig tlie year. 13 '1'ruslecs reiijuneration atid expeiiseb No tiustees, iior arty pei'soiis ¢oni)ected witli tliein, have received aiiy ￿ni￿ne12t￿On frDni the tllai'ity ditritig the yeai.. No tl'l151tes have received aiiy ieiiiibuiBed expei)ses or tLny otlieT bLJiefits from tlie chai'ity dui-inu (lie yeai. 14 Taxi& tioii Tlie cli¥i'ity is a IErJiSteiEd chai'ity alld is iherefoie exeiiipt fi'oiii taxatioti. E?age 33 Tlle CavaliL4r Coiiti'L Ltd Notes tu flle rtlllallLiAI St4ltements foi. tlie Ye41r iided 31 Lvlai'eh 2025 Is 'rMiig5iblc fixcd Assets Land aiid riuriiitui't. aiid Othei. taiigible rExe(l asset Motor veliieles At l Api'il 2024 AdJi¢ioii£ Dispos￿15 1,459.332 53,057 42.625 16,250 132,i501 14,646 11,000 (4,2451 1,-$70,500 80,307 {36,59£1 At 31 fvqarcli 2025 1,512,389 53,897 26,525 21,401 1,614,212 At l Api"il 2024 Clidi'gc for tlie yea*. Llin)inatod oil 226,416 49,202 45,007 3,916 40,917 2,246 6,316 1,407 318.656 56,771 132,-150) {2,18t)I (34,7391 At 3 l Marcli 202S 275,618 48,923 10,813 5,334 340,688 Net booli value At 31 Mai'bli 2025 1.236,771 4.974 15.712 16.067 1.273,524 Ai 31 Mai'cli 2024 1,232,916 8,890 1,708 8,130 1,251,S44 Iiiclud£d withiii tlie iiet book value of land and buildiiigs abovc 15 £Nil {2024- £Nil) iii respect of fieehold laiid and buildiiigs and £1,236,771 {2024- £1,232.()161 in IESI)ect of leaseliolds. 16 DebtOl'5 202. 21)24 T12de (lebtoi's Pi'epaymejits Othei. debtoi's 8,397 i,271 390 12,658 24.615 12,058 7 C#sh and cash L(iiiivAlent 2025 2024 Casli at bank 218,797 Page 34 ThL Cavaliei. CLhllti'e Lt(I Notes tn tlio Fi118neixl StAtements foi- tlie Yeai. [4 nded 31 Mai-cli 2025 18 Cr¢ilitoi'S'. #iii(bUiit.8 f2lliiig due witliiii uiie ye2J' 2024 6,364 5,363 2,668 10.801 Acei'Lials 11,727 13,469 l)( Peii.%ion and ntlici. 5cheiiic5 Defii)ed tojitributioii pensioii selieme Tlje Lliai'ity opeJ'ate% a detined contribulion peiision s¢lieme. The pension Cost chai'g¢ for rhe year repieseiits conii'ibutionq i)ayable by tlie cliai'ity to tlie %cheine and ainoiinted to £4.89612024- £4.7801. CapKtal eottimltJMÈiits On 30 April 2(J17 tlie Cliai'ity entciEd iiito an agree5n¢iii for a 30 year lease with an intvocable Opiion to extend ai tlie end of tlie first teini for a fui'ilier 30 yeai's for tli¢ site at M￿ch Weiilock. The total amount contiyctcd foi" but not i)rovided in the fin&i)cial %taieiiienls was £74,26012024- £77,8¥01. Fa£e 35 Tlie Cavalier Ceiiti'e Ltd Notes to the fi inAnciAI Stateiiieiits for the Year ri.nded 31 Mai-eh 2025 21 fiuiids IAnee at Api'il 2024 liicvniin¥ tesouYce8 ResuiirL exi)eniled B#l#iice at 31 Mai'cll 2025 Ulli'estvitteil fiEnds GL'iierul 211,869 146.368 {231,Ci14) 126.623 De.gigipiiled Designated 107,697 107,697 Tolal uni'esÉi'icled funds 319,566 146,368 {231,614) 234,320 e5ti'icted fiiiids Cavaliei- Cenite 1.202,455 liippotlTreJ'aiJy and Iminning cost dujiaiions Natioiial Lottery graiii Stcp in tlie Riglit Dire¢tiort projec( 'rakiiig Ilic Rciiis piyiject Cjardcii and ielated activities Activitcs Cooi'dinatoi. Changin8 Lives tlii'ough H015es Vehicles fuTid Lcad Up Inierrtalioiial training days Ponies to Ihe People 41.583 133,647} 15,0941 20,047 18,720 13,477 2,976 24,449 130,361) 7,565 2,976 841 4,850 3,094 7,500 14,849) 113,0941 1562) 10,000 6,938 1.250 {1,250) 3,883 3,883 I'tslal restt'ieted fund8 1,273,243 125,497 1140,4081 1,258,332 'rotal fuiids 1,592,S09 271,865 {372,022 1,492,652 Page 36 'I'lie Cavaliej. CeIitre Ltd Notes to the FiRiaihei21 ,Statement% foi. tl)e Yeai. Fndeil 31 Mai'eh 2025 BaliiiicL lit I Aiii'tl 2U23 kes(iiittes Ila19nte 1131 MHJ-cli 2024 '¢'sourcc Untestricteil fiind Creiierfil Cieiiera 88,711 293,782 1170,024) 211,869 De.%i&Fiiéiled Desi¥llated lQ7,697 107,697 Total uiirL%tI'icled fiiiid5 1gC),40g 21)3,782 (170,6241 319,566 Re5trictc(I Cavaliei. Cethiie 1,244,328 15,000 151,2771 1,208,051 doiiations Nutiuiial l.vtieiy grant 9,210 91 19,8112 20.000 18,720 pIDject Ejicrgize Sliropshir¢ Takiiig the Reins proje¢i Gardeii and i'claled activities A¢tiviies C.oordinatoi' Clianging l.ives tlii'ough 14oYses Veliicles fuiid Lead Up Interllatioiial trailliiig days 32,163 8.400 130,3991 18,400) 16,0241 (3,7041 114,71J71 114,7861 13,477 9,000 4,978 14,647 -fj,B80 2,976 5,000 12.000 7,500 4.850 3,094 7,500 1,250 1,250 Ttstal J'¢$ti'icted fll￿dS 1,291),847 121,175 1147,7791 1,273.243 I'otgj flind5 1,496,255 414,957 1318,4031 1.592,809 Tlie specific purposes for wliicli tlie fiinds arc to be applied are as follows.. Gellel'al fund5 are unresli'icted aiid #vailabl¢ foi. use al the dis¢irt1011 of Ihc Trustees in furtlicranc¢ of the geneial objectives of the cliarEty. Tl)e Trusieeg liave desixiialed funds to enable tlie I'epayinellt of VAT oil Ilie Cavalier Centre folloivijig tlie Restricted fLiJids iylale lo tlie Cavalier Cenlrc. tli¢ extcnsion ai)d developrnent of tlie garden facility and provisioii of veliicles,. donations givcn to cai-iy out the Lli&ritablL objectives of i'iding. drivin¥, vaultins and hippothei'apy lessons, Inuliidirtg eni'icliiiient fot. hoises,. lo fiind I￿leS within (he Cliai'ily {inclLi