Charity Number: 1168147
EAST PARK RIDING FOR THE DISABLED REPORT AND ACCOUNTS YEAR ENDED 31“ MARCH 2021
| CONTENTS | PAGE |
|---|---|
| GENERAL INFORMATION | |
| TRUSTEES’REPORT | 2-3 |
| STATEMENTOF FINANCIAL POSITION | 4 |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 |
| NOTESTOTHEACCOUNTS | 6-10 |
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EAST PARK RIDING FOR THE DISABLED GENERAL INFORMATION YEAR ENDED 3451 MARCH 2021
CHARITY REGISTERED NUMBER | 1168147
COMMITTEE Mr James Baxter Chairman Mr Andrew Paton Treasurer Miss Anne Appleyard Secretary Mr William China Ms Sally O'Neill Mrs Katie Giddings
ADDRESS Mill Cottage Kings Mill Lane South Nutfield RH1 5HB
BANKERS Barclays Bank Ple
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EAST PARK RIDING FOR THE DISABLED TRUSTEES ANNUAL REPORT YEAR ENDED 31°' MARCH 2021
East Park Riding for the Disabled is a Charitable Incorporated Organisation registered with the Charity Commissioners (No. 1168147) and also known as East Park RDA and East Park RDA Group.
The Report and Financial Statements have been prepared in compliance with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FRS 102.
Objectives and Activities
The objects of the Charitable Incorporated Organisation are to promote the objects of the Riding for the Disabled Association incorporating Carriage Driving a charity registered under charity number 244108 ("RDA") by providing disabled people with the opportunity to ride and to carriage drive to benefit their health and well-being in the Surrey and Sussex areas.
Public Benefit
In setting objectives and planning activities, the Trustees have compiled with the duty in section 17(5) of the 2011 Charities Act and have given careful consideration to the Charity Commission’s general guidance on public benefit.
Achievements and Performance
The charity organises riding sessions for disabled children from five schools in the local area. Forty-six children ride each week during term-time. The charity also organises carriage driving sessions for disabled children and adults.
Financial Review
During the year unrestricted expenditure by the Group totalled £4,916 (2020 - £3,328). In addition, expenditure from the restricted fund totalled £5,491 (2020 - £7,066). The value of the unrestricted net assets as at 31% March 2021 is £37,276 (2020 - £42,192). The value ofthe restricted net assets as at 31" March 2021 is £29,030 (2019 - £34,521).
Reserves Policy
The reserves policy is to maintain reserves enough to keep the charity in operation for twelve months should income streams become unviable.
Structure, Governance and Management
The charity is governed by a Constitution dated 11" April 2016. The Trust is administered by a Trustees Committee comprising a Chairman, Secretary, Treasurer and other Trustees who were appointed at the time the CIO was set up. Trustees were appointed by personal recommendation with reference to relevant technical, financial and administrative skills. Trustees are trained according to RDA guidelines and no remuneration is paid to any Trustee.
The Committee meets four times per year and all relevant decisions are made at these meetings.
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Reference and Administrative Information
The Trustees who served during the year to 31° March 2021 were: Mr James Baxter, Chairman; Mr Andrew Paton, Treasurer; Miss Anne Appleyard, Secretary; Mr William China; Ms Sally O’ Neill; Mrs Katie Giddings. Charity Registration number: 1168147 Principal office: Mill Cottage, King’s Mill Lane, South Nutfield, RH! SHB
Risk Management
The Trustees are responsible for management of risks faced by the Charity. The Trustees considered that the charity is not exposed to major risks as it had no continuous commitments such as employees or maintaining property.
Trustees’ Responsibilities
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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a) select suitable accounting policies and then apply them consistently; b) observe the methods and principles in the Charities SORP;
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c) make judgements and estimates that are reasonable and prudent;
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d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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e) prepare the financial statements on the going concer basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on, behalf ofThe Trustees AK MA James Baxter — Chairman Andrew Paton — Treasurer : oo . Approved by the Trustees on:. litte J why .wOQL a
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EAST PARK RIDING FOR THE DISABLED STATEMENT OF FINANCIAL POSITION AS AT 31* MARCH 2021
| STATEMENT OF FINANCIAL | STATEMENT OF FINANCIAL | POSITION | . | |||
|---|---|---|---|---|---|---|
| AS AT 31* MARCHMARCH 2021 | ||||||
| Note | 2021 | 2020 | ||||
| £ | £ | |||||
| FIXEDASSETS | ||||||
| Tangible Assets | 30.491 | 38,671 | ||||
| CURRENT ASSETS AND | ||||||
| CURRENT LIABILITIES | ||||||
| Cash at bank and in hand | 35,815 | 34.682 | ||||
| Debtors | 8 | - | 3,360 | |||
| NETCURRENT ASSETS | © | 35,815 | 38,042 | |||
| NET ASSETS | 66,306 | 76,713 | ||||
| GENERAL FUND | ||||||
| Unrestricted | 37,276 | 42,192 | ||||
| Restricted | 9 | 29,030 | 34,521 | |||
| Total | 66,306 | 76,713 |
Approved by the Board of Trustees on and signed on its behalf by Bs... James Baxter- Chairman ft K bn Andrew Paton - Treasurer
Date: [Ue (7 [24
Charity Registered Number: 1168147
The notes on pages 7 to 10 form part ofthese accounts.
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EAST PARK RIDING FOR THE DISABLED STATEMENT OF FINANCIALACTIVITIES YEAR ENDED 31°' MARCH 2021
| 2021 | 2020 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total Funds | Prior | Year | |||
| Funds | Funds | Total Funds | ||||||
| Income | £ | £ | £ | £ | ||||
| Donations and legacies | 11,235 | 1,500 | 12,735 | 13,119 | ||||
| Charitable activities | - | - | - | 12,945 | ||||
| Investments | 15 | - | {5 | 68 | ||||
| Grants | - | - | - | - | ||||
| Other | - | - | - | 2,450 | ||||
| Total | 2 | 11,250 | 1,500 | 12,750 | 28,582 | |||
| Expenditure on: | ||||||||
| Charitable activities | 3 | 16,166 | 6,991 | 23,157 | 38,976 | |||
| Total | 16,166 | 6,99] | 23,157 | 38,976 | ||||
| Net income/(expenditure) | (4,916) | (5,491) | (10,407) | (10,394) | ||||
| Reconciliation offunds | ||||||||
| . | Funds at 1* April 2020 | 42,192 | 34,521 | 76,713 | 87,107 | |||
| Net movement in funds | (4,916) | (5,491) | (10,407) | (10,394) | ||||
| Total funds carried | ||||||||
| forward | 37,276 | 29,030 | 66,306 | 76,713 |
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EAST PARK RIDING FOR THE DISABLED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31°" MARCH 2021
ACCOUNTING POLICIES
a) Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention with the exception of investments which are included at market value. The financial statements are prepared in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with FRS 102, Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011.
b) Taxation
East Park Riding for the Disabled Association is a registered charitable incorporated organisation under the main RDA Association and ts therefore exempt from taxation on its income and gains.
VAT is not recoverable by the Charity and as such is included in costs where charged.
c) Income Recognition
Donations and grants are recognised where there is evidence of the entitlement to the gift, receipt is probable and the amount can be measured reliably.
The value of services provided by volunteers have not been included in these accounts. Revenue from the riding school is recognised once the performance of the service has been provided. Income received in advance of the provision of the service is deferred until the service has been provided.
Legacies are accounted for when a distribution is received or ifearlier, if it is considered probable, the amount can be reliably measured and the charity has received notification that a distribution is to be made.
d) The Charity has taken advantage of the size criteria and has not produced a cash flow statement. The accounts cover the individual entity. The financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
e) Management and Administration Expenditure
Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity or fundraising ventures.
f) Resources Expended
Expenditure is included on an accruals basis. Grants payable are charged in the year when the offer is conveyed to the recipient, such grants being recognized as expenditure when any conditions attaching are fulfilled.
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EAST PARK RIDING FOR THE DISABLED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31°' MARCH 2021
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g) Fixed Assets and Depreciation
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Fixed Assets are initially recorded at cost. Assets are depreciated over their estimated useful economic lives on a straight line basis as follows: Buildings 10% or 20% per annum Ponies 15% per annum Equipment 10% or 20% per annum Carriage 10% per annum
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h) Debtors
Debtors are measured at the recoverable amount.
- i) Going Concern The Statement of Financial Position shows a net asset position of £66,306 as at 31 March 2021. For this reason the directors of the charity believe that the organisation should be in a position to continue in operational existence for the foreseeable future and have prepared the accounts on a going concern basis.
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EAST PARK RIDING FOR THE DISABLED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31°' MARCH 2021
| 1. FIXED ASSETS |
Buildings | Ponies Equipment |
Ponies Equipment |
Carriage | Total |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Cost at 1* April 2020 | 47.837 | 10,735 | 10,152 | 15,863 | 84,587 |
| Additions | - | - | - | - | - |
| Cost at3} March 2021 | 47,837 | 10,735 | 10,152 | 15,863 | 84,587 |
| Depreciation at 1“ April 2020 | 26.785 | 7,939 | 3,262 | 7,930 | 45,916 |
| Charge forthe year | 4.183 | 1,111 | 1,300 | 1,586 | 8,180 |
| Depreciation at 31% March 2021 | 30.968 | 9,050 | 4,562 | 9,516 | 54,096 |
| Book Value 31" March 2021 | 16,869 | 1,685 | 5,590 | 6,347 | 30,491 |
| Book Value 31" March 2020 | 21,052 | 2,796 | 6,890 | 7,933 | 38,671 |
| 2. INCOMING RESOURCES |
2021 | 2020 | |||
| £ | £ | ||||
| Restricted | Unrestricted | Restricted | Unrestricted | ||
| Donations | 1,500 10,246 |
- | {2,524 | ||
| Riding Fees | - | - | - | 12,945 | |
| Subscriptions (Donations and Legacies) | - 130 |
- | 160 | ||
| Interest | - [5 |
- | 68 | ||
| Grant | ~ | - | - | - | |
| Gift in kind | - | - | - | 2,450 | |
| Gift Aid (Donations and Legacies) | - 859 |
- | 435 | ||
| 1,500 11,250 |
- | 28,582 |
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EAST PARK RIDING FOR THE DISABLED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31°' MARCH 2021
| 3. CHARITABLE ACTIVITIES |
2021 | 2020 | 2020 | |
|---|---|---|---|---|
| £ | £ | |||
| Restricted | Unrestricted | Restricted | Unrestricted | |
| Veterinary Fees | - | 1,508 | - | 1,804 |
| Pony Hire& Livery | - | 5,700 | - | 12,000 |
| Insurance | - | 3,868 | - | 5,783 |
| Fund Raising | - | - | - | |
| Farrier | - | 3,262 | - | 3,545 |
| Riding Instructors Costs | - | - | 75 | 4,700 |
| Carriage | - | - | - | 1,050 |
| Sundry Expenses | - | 539 | - | 1,789 |
| Depreciation/Impairment | 6,991 | 1,189 | 6,99] | 1,239 |
| 6,991 | 16,166 | 7,066 | 31,910 |
- NET INCOME/ (EXPENDITURE) FOR THE PERIOD
The Accountant Ms Rebecca Wong for the current year, carried out her service free of charge.
- MANAGEMENT AND ADMINISTRATION OF THE CHARITY
The Trustees were the key management personnel for the charity. There were no transactions with the Trustees during the year. There were no direct donations from trustees during the year.
6. CAPITAL COMMITMENTS, CONTINGENT LIABILITIES AND SIGNIFICANT POST BALANCESHEET EVENTS
At the balance sheet date, the Trust had commitments of £Nil (2020 - £Nil) to capital expenditure not incorporated in these accounts.
There were no contingent liabilities or significant post balance sheet events to disclose.
- DEBTORS
Trade debtors
2021 2020 £ £ Nil 3,360
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EAST PARK RIDING FOR THE DISABLED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31°" MARCH 2021
8.
ANALYSIS OF MOVEMENT IN RESTRICTED FUNDS
| Balance as at | Incoming | Resources | Balance as at | |
|---|---|---|---|---|
| 1“ April | Resources | Expended | 31 March | |
| 2020 | 2021 | |||
| £ | £ | £ | £ | |
| Stable Block Fund | 21.052 | - | (4,183) | 16,869 |
| Carriage Driving Fund | 11.029 | - | (2,597) | 8,432 |
| Carriage Driving Training Fund | 665 | - | - | 665 |
| Saddles Fund | 1,775 | - | (211) | 1,564 |
| Equipment Fund | 1,500 | - | 1,500 | |
| 34,521 | 1,500 | (6,991) | 29,030 |
The balance on the Stable Block Fund is represented by the fixed asset stable building.
The balance on the Carriage Driving Fund is represented by the fixed asset “Carriage” at net book value of £6,346, two ponies with a net book value of £1,684, plus cash at bank of £402.
The balance on the Carriage Driving Training Fund and Equipment Fund is represented by cash at bank.
The Saddles Fund is represented by saddles and bridles with a net book value of £1,423 and cash at bank of £141.
Stable Block Fund
To construct and maintain the stable building donated to the charity.
Carriage Driving Fund
To maintain the driving carriage donated to the charity during the year.
Carriage Driving Training Fund
To provide for the training ofinstructors to teach disabled persons to drive the carriage.
Saddles Fund
To provide new saddles and bridles.
Equipment Fund
To provide new equipment.
- EVENTS AFTER REPORTING DATE
Effects of Coronavirus
Government Guidelines resulted in a cessation of charitable activities for the financial year 2020/2021. Income received has come from donations. Our riding lessons for schools have resumed in May 2021. Our existing cash resources remain sufficient to finance any continuing reduction in activity for the foreseeable future and therefore there are no material uncertainties about the charity's ability to continue.
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