REGISTERED CHARITY NUMBER: 1170049
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Russell & Co Station House Station Approach East Horsley Leatherhead Surrey KT24 6QX
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Cash Flow Statement | 6 | ||
| Notes to the Cash Flow Statement | 7 | ||
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Report of the Trustees for the Year Ended 31 March 2022
On 19th May 2021, the Charities Commission formally recognised the merger of Horsley and Bookham Riding for the Disabled Association with Leatherhead Riding for the Disabled Association (which was formally dissolved) becoming Horsley, Bookham and Leatherhead Riding for the Disabled Association ("the Association") a Charitable Incorporated Organisation (CIO) operating under the umbrella of the Riding for the Disabled Association of Norfolk House, 1A Tournament Court, Edgehill Drive, Warwick, CV34 6LG which is registered with the Charities Commission (No. 244108).
As at 31st March 2022 the Association was administered by a management committee of Trustees comprising:-
Chair Sheryl Johnson Secretary Gemma Alexander-Watson (resigned as Secretary 18th May 2021 and resigned as a Trustee 3rd November 2021), Rebecca Macefield joined on 14th December 2021. Treasurer Ruth Blowers (and acting Secretary 18th May to 14th December 2021) Other Trustees Margaret Bentley, Louise Bingham, Kerry Dawes (joined on 14th December 2021), Joanna Marsh, Barrie Mould and Barry Tregaskis joined by Ang Scott on 29th June 2021.
At the Annual General Meeting on 24th August 2021, Louise Bingham, Gemma Alexander-Watson and Joanna Marsh resigned as per the requirements on the CIO rules and were re-elected.
The object of the Association is to enrich the lives of disabled people through horses. We strive to ensure that all persons who would benefit in mental or physical health from riding shall be given the opportunity to do so. Unfortunately with the Coronavirus restrictions we were only able to provide a very limited number of rides for our independent riders who provided donations of £990.
Following a huge fundraising effort led by Louise Bingham, with over 300 applications to funds and trusts, production of a video, radio and local news items and a successful Crowdfunding Appeal for £100, 000 to Raise our Roof, we received pledges and donations of £449,581 restricted to the building of our new riding centre. We held a ground breaking ceremony on 9th August 2021 and work has progressed almost daily on our state of the art brand new facility including a 30m X 60m indoor arena, learning centre, viewing area, accessible toilets and tack room. Payments of £579,178 were made towards the building of the riding centre, £16,500 towards new ponies, £740 for new saddles and £390 for the time lapse camera.
All our fundraising events were successful this year, our annual Curry and Quiz night and An Evening at the Races raised £3,937 and £4,747 respectively and we held a new event, a Barn Dance which was very well received and raised £5,256. Collection pots from local stores, grocery stores, street and event collections raised £2,835.
A total of £24,413 was paid up to 31st March 2022 to Badgers Farm as our herd increased over the year from 3 to 9 ponies. In looking after our own herd we also have horse care specialists e.g. farrier, clipping, saddler, dentist, vet etc costing £5,523. We have had a number of sharers for the ponies, with donations of £14,815 towards these costs.
During the year dividends were received on the Income Units of £801 and there was interest received on the COIF deposit of £41.
There was a net gain of £2,327 on the value of the investments at year end in line with market performance.
The Trustees wish to express their grateful thanks to all who have assisted with the riding, all our wonderful volunteers and to all those who have made donations and helped with fundraising in this very difficult year. Without all this help the Association would be unable to function.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is a charitable incorporated organization and is controlled by its governing document, a constitution.
Page 1
HORSLEY, BOOKHAM AND LEA THERHEAD RDA Reptsrt of ihe Trustees for the Year Endtd 31 March 2022 REFERENCE AND ADMINISTRATIVF. DETAILS Registered Charity number 117(KJ49 Principal Address 27 Paik.4ide Place Eagi Ilorsley Leaihorhcad Suttey KT24 5BZ Independent F.xaminer Ru.4qell & Co Station House Staiinn Approach Ea.st 14orsley Surrcy KT24 6QX Approved by order of th¢ board ol. rru%rec8 nn nd signed on its bchalf by,, Trustee Page 2
Independent Examiner's Report tu the Trustees of Hur51eyy Bookhdni ¥nd Le#therhead RDA Independent examiner's report tu th¥ trustees of Horsleyy Bookham and Ixatherhead RDA I repon 10 the ChilY trustees oji my examinaiion of the accounis of Horsley, Bookhan) dnd LcatheThead RDA {the Trust) for the year ended 31 March 2022. Responsibilities and basis of report A% the ch2riiy iru.%iee% of the Trusi you are responsible for the PT¢paraiion of the account% in accordanc¢ with th¢ Tequirement% of the Ch&11¢¥ Aci 2011 I'ihe Aci,). report in respeci of my exatninaiion of the Trusi's accounts C4hrried oui under %eciion 145 of the Act and in ¢arrying out my examination I have follow¢d all applicable Directiooli given by ihe Charity Cornmi8%ion under 5tIOn 14515llbl of the Aci. Independent examlntr'%.%t#tenienl Since your charjly's gros.8 income exceeded £250,000 your ¢xaminer musi be a member of a lislcd tKKly. I can confirni that l am qualified to undertake Ihe ¢xaminarion because l am # r¢gisr¢r¢d member of In%iiiute r>f Chancred Accountants England and Wales whjcli is one of the listed bodies. I have Completed my examinaiion. I confirm rhai no matcrial maitcrs have com¢ lo my aircnlion in connection wilh the CX£iiMination giving me cause 10 belicv¢ Ihai in any marerial respect.. accouiiiing rL'cord5 werc not k¢pr in rcspccr of the Trust as r¢quir¢d by scc¢ion 130 of The Act.. or Ihc accouiiis do noi accord with rho.se rccords, Iir the 4¢cnunrs do not Lomply wilh Ihe applicable rcquirLmcnt% coTh¢erning Ihe forrn and cnnieni of accounis sei oui in the ChJTlljCS IALci)unis and Rep()I'is) Regulaiions 9008 oihcr thdn any requiremcni Ihar rhe accounis 8ive a irue and fair view which is noi il niatlLr ¢unsidcTcd as pari of an indLpcndent ciaminulion. I have no concern8 and have come acTO8S no oihcr matters in connection wilh the examinaiion 10 whi¢h altenlion should b¢ drawn in Ihis repori in ord¢T 10 enable a proper undcr%landing i)r Ihe acLounts 10 be Teached. A Rus%ell In51ilule of Chartered Accountants England and Wale8 Russell & Co Si<iliotL House Sililion Approach Ea.41 Horsley l£ailierhead Surrey KT24 OQX Dare.. Pagc 3
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Statement of Financial Activities for the Year Ended 31 March 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 31,761 Other trading activities 3 41,661 Investment income 4 856 Total 74,278 EXPENDITURE ON Charitable activities 5 HORSE CARE SPECIALISTS 5,523 INSURANCE 701 SUBSCRIPTION 260 RACE NIGHT 859 BOOT CAMP 120 BADGERS FARM 24,413 QUIZ 1,074 RESTRICTED - OTHER EVENT EXPENSES 300 BARN DANCE 2,107 ADVERTISING 246 Other 7,006 Total 42,609 Net gains on investments 2,327 NET INCOME 33,996 RECONCILIATION OF FUNDS Total funds brought forward 267,040 TOTAL FUNDS CARRIED FORWARD 301,036 |
Restricted fund £ 449,582 - - 449,582 - - - - - - - 2,334 - - - - 2,334 - 447,248 117,533 **564,781 ** |
2022 Total funds £ 481,343 41,661 856 523,860 5,523 701 260 859 120 24,413 1,074 2,334 300 2,107 246 7,006 44,943 2,327 481,244 384,573 865,817 |
2021 Total funds £ 142,736 7,976 5,259 |
|---|---|---|---|
| 155,971 2,530 902 260 277 5,553 3,427 - 280 - - - 8,166 |
|||
| 21,395 29,253 |
|||
| 163,829 220,744 |
|||
| 384,573 |
The notes form part of these financial statements
Page 4
HORSLEY, BOOKHAM AND LEA THERHEAD RDA Bal#nce Sheet 31 IM#rch 2022 2022 Total funds 2021 Toial funds Unre8rricred fund Re¥iricied fund FIXED ASSEP3 Taiigible a¥sei% 60.525 564.781 625,306 25,715 CURRENT ASSETS D¢biors Invesiinenis Cash al bdnk 89,167 29,175 122,.101 89,167 29,175 55 26,847 332,106 10 240,643 240,643 CREDITORS Amount% falling due within one year 11321 11321 (1501 NF.T CURRFNT Assrrs 2411511 358.858 TOTAL ASSETS I.ESS CLRRF.NT I.IABILITIES 301,IJ36 564,781 865,817 384.573 NET ASSETS 8651117 3114,573 FUNDS 12 UiiresiriLied fuiids.. General fund Re%iriLled fuIids'. Re%iriLied Fund 301,036 207,040 17.533 TOTAL FUNDS 8fi5 817 184 573 The fJi)dncial s141eiiienis were approved by (he Boai'd of Trusie¢.% and auihoi'iseij for issue (>n Sl8ncd on ils bel?aif by.. and were Trustee The nores form pan of these financial sraiements Page 5
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Cash Flow Statement for the Year Ended 31 March 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Cash flows from financing activities Movement in Investment account Net cash (used in)/provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2022 £ 393,949 393,949 (603,808) 55 (603,753) (1) (1) (209,805) 332,106 **122,301 ** |
2021 £ 136,064 136,064 (568) 75 (493) 149,162 149,162 284,733 47,373 332,106 |
|---|---|---|
The notes form part of these financial statements
Page 6
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Notes to the Cash Flow Statement for the Year Ended 31 March 2022
| 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022 £ Net income for the reporting period (as per the Statement of Financial Activities) 481,244 Adjustments for: Depreciation charges 4,217 Gain on investments (2,327) Interest received (55) Increase in debtors (89,112) (Decrease)/increase in creditors (18) Net cash provided by operations 393,949 2. ANALYSIS OF CHANGES IN NET FUNDS |
2021 £ 163,829 1,468 (29,253) (75) (55) 150 136,064 |
|---|---|
| At 1.4.21 | Cash flow | At 31.3.22 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 332,106 | (209,805) | **122,301 ** |
| 332,106 | (209,805) | **122,301 ** | |
| Liquid resources | |||
| Deposits included in cash | - | - | - |
| Current asset investments | 26,847 | 2,328 | 29,175 |
| 26,847 | 2,328 | 29,175 | |
| Total | 358,953 | (207,477) | 151,476 |
The notes form part of these financial statements
Page 7
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations Gift aid Donations - New Build |
2022 £ 25,894 5,868 449,581 481,343 |
2021 £ 24,257 3,049 115,430 |
|---|---|---|
| 142,736 |
continued...
Page 8
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
3. OTHER TRADING ACTIVITIES
| 3. OTHER TRADING ACTIVITIES |
|||
|---|---|---|---|
| Fundraising events Street, Store & Event collect Quiz Race Night Collection Boxes Riders' contributions Sales of cards, clothes, bags Sponsor a Pony Share a Pony Barn Dance Pony Donations 4. INVESTMENT INCOME COIF Income share dividends Deposit account interest Interest receivable - trading 5. CHARITABLE ACTIVITIES COSTS |
2022 £ 1,738 1,811 3,971 4,747 1,024 990 234 75 14,815 5,256 7,000 41,661 2022 £ 801 41 14 856 |
2021 £ 904 879 1,210 1,495 670 505 343 120 1,850 - - |
|
| 7,976 | |||
| 2021 £ 5,184 53 22 5,259 |
|||
| 5,259 | |||
| HORSE CARE SPECIALISTS INSURANCE SUBSCRIPTION RACE NIGHT BOOT CAMP BADGERS FARM QUIZ RESTRICTED OTHER EVENT EXPENSES BARN DANCE ADVERTISING |
Direct Costs £ 5,523 701 260 859 120 24,413 1,074 2,334 300 2,107 246 |
|---|---|
| **37,937 ** |
continued...
Page 9
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 27,306 Other trading activities 7,976 Investment income 5,259 Total 40,541 EXPENDITURE ON Charitable activities HORSE CARE SPECIALISTS 2,530 INSURANCE 902 SUBSCRIPTION 260 RACE NIGHT 277 BOOT CAMP 5,553 BADGERS FARM 3,427 RESTRICTED - Other 8,166 Total 21,115 Net gains on investments 29,253 NET INCOME 48,679 RECONCILIATION OF FUNDS Total funds brought forward 218,361 TOTAL FUNDS CARRIED FORWARD 267,040 |
Restricted fund £ 115,430 - - 115,430 - - - - - - 280 - 280 - 115,150 2,383 117,533 |
Total funds £ 142,736 7,976 5,259 |
|---|---|---|
| 155,971 2,530 902 260 277 5,553 3,427 280 8,166 |
||
| 21,395 29,253 |
||
| 163,829 220,744 |
||
| 384,573 |
continued...
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HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
8. TANGIBLE FIXED ASSETS
| Riding Centre £ COST At 1 April 2021 21,142 Additions 579,178 At 31 March 2022 600,320 DEPRECIATION At 1 April 2021 423 Charge for year 423 At 31 March 2022 846 NET BOOK VALUE At 31 March 2022 599,474 At 31 March 2021 20,719 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 10. CURRENT ASSET INVESTMENTS COIF Charities Investment Fund |
Saddles & Horses £ 7,013 24,240 31,253 2,017 3,696 5,713 25,540 4,996 |
Fixtures and fittings £ - 390 390 - 98 98 292 - 2022 £ 89,167 2022 £ 29,175 |
Totals £ 28,155 603,808 631,963 2,440 4,217 6,657 625,306 25,715 2021 £ 55 2021 £ 26,847 |
Totals £ 28,155 603,808 631,963 2,440 4,217 6,657 625,306 25,715 2021 £ 55 2021 £ 26,847 |
||
|---|---|---|---|---|---|---|
| 2021 £ 26,847 |
continued...
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HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 74,278 Restricted funds Restricted Fund 449,582 TOTAL FUNDS 523,860 |
2022 2021 £ £ 132 150 Net movement At At 1.4.21 in funds 31.3.22 £ £ £ 267,040 33,996 301,036 117,533 447,248 564,781 384,573 481,244 865,817 Resources Gains and Movement expended losses in funds £ £ £ (42,609) 2,327 33,996 (2,334) - 447,248 (44,943) 2,327 481,244 |
|---|---|
12. MOVEMENT IN FUNDS
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Net movement At 1.4.20 in funds £ £ 218,361 48,679 2,383 115,150 220,744 163,829 |
At 31.3.21 £ 267,040 117,533 |
|---|---|---|
| 384,573 |
continued...
Page 12
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 40,541 115,430 155,971 |
Resources expended £ (21,115) (280) (21,395) |
Gains and Movement losses in funds £ £ 29,253 48,679 - 115,150 29,253 163,829 |
Gains and Movement losses in funds £ £ 29,253 48,679 - 115,150 29,253 163,829 |
|---|---|---|---|---|
| 163,829 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Net movement At 1.4.20 in funds £ £ 218,361 82,675 2,383 562,398 220,744 645,073 |
At 31.3.22 £ 301,036 564,781 |
|---|---|---|
| 865,817 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 114,819 565,012 679,831 |
Resources expended £ (63,724) (2,614) (66,338) |
Gains and Movement losses in funds £ £ 31,580 82,675 - 562,398 31,580 645,073 |
Gains and Movement losses in funds £ £ 31,580 82,675 - 562,398 31,580 645,073 |
|---|---|---|---|---|
| 645,073 |
continued...
Page 13
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 14
HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Donations - New Build Other trading activities Fundraising events Street, Store & Event collect Quiz Race Night Collection Boxes Riders' contributions Sales of cards, clothes, bags Sponsor a Pony Share a Pony Barn Dance Pony Donations Investment income COIF Income share dividends Deposit account interest Interest receivable - trading Total incoming resources EXPENDITURE Charitable activities Insurance Advertising Horse Care Specialists Quiz Race Night Carried forward |
2022 £ 25,894 5,868 449,581 481,343 1,738 1,811 3,971 4,747 1,024 990 234 75 14,815 5,256 7,000 41,661 801 41 14 856 523,860 701 246 5,783 1,074 859 8,663 |
2021 £ 24,257 3,049 115,430 142,736 904 879 1,210 1,495 670 505 343 120 1,850 - - 7,976 5,184 53 22 5,259 155,971 902 - 2,530 - 277 3,709 |
|---|---|---|
This page does not form part of the statutory financial statements
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HORSLEY, BOOKHAM AND LEATHERHEAD RDA
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Charitable activities Brought forward Subscriptions Boot Camp Restricted Badgers Farm Events - Other Expenses Barn Dance Other Equipment and Expenses Training Courses Wyvenhoe Clothing and Bags Young Riders' trophies & gifts Professional Fees & Subs Sundries Printing, Postage & Stationery IT Consumables & Software Covid Equipment Riding Centre Depreciation Saddles & Horses Depreciation Fixtures and fittings Total resources expended Net income |
2022 £ 8,663 - 120 2,334 24,413 300 2,107 37,937 916 40 - 40 328 - 970 - 495 - 423 3,696 98 7,006 44,943 478,917 |
2021 £ 3,709 260 5,553 280 3,427 - - 13,229 325 790 2,525 558 - 1,000 73 96 474 857 423 1,045 - 8,166 21,395 134,576 |
|---|---|---|
This page does not form part of the statutory financial statements
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