**REGISTERED CHARITY NUMBER: 1170641**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
**(A CHARITABLE INCORPORATED ORGANISATION)**
Christopher Joyce FCCA 8 Elder Crescent
Andover Hampshire SP10 3XY
**ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 to 13|
|**Detailed Statement of Financial Activities**|14 to 15|
**ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING (A CHARITABLE INCORPORATED ORGANISATION)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity's objects are to provide disabled persons in the Andover area with the opportunity to ride horses and ponies to benefit their health and wellbeing. By using the extraordinary connection between horses, ponies and humans, Andover Riding for the Disabled provides riding therapy that benefits our participants both mentally and physically. The impact of our activities can clearly be seen in the improved core strength, balance and co-ordination of our beneficiaries and also in the growth in their confidence and social skills. The Charity aims to continue offering these considerable benefits to as many disabled persons in the Andover area as possible.
Page 1
## **ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities**
The trustees continued to ensure that there were sufficient volunteers and facilities available together with the necessary ponies and horses.
## Children's Riding:
The Charity ran six RDA group sessions each week for children from SEND special schools as well as independently referred children in the Andover area during the Summer and Autumn terms.
We used two separate outdoor arenas in St Mary Bourne and Binley and offer these children coaching in a fun and sate environment. The children's schools repeatedly commented on how beneficial our riding sessions are to their pupils.
## Adult Riding:
Adult riders were provided with a weekly riding session throughout the year using both indoor and outdoor facilities.
Adult riders often continue coming to sessions for several years and show great improvement in confidence and wellbeing as well as forming bonds with the RDA horses.
The highlight of the year is our Fun Day in July at which all our participants can demonstrate the skills they have achieved during the academic year with fun activities and plenty of rosettes for all.
## Coaching:
The Trustees and our Head Coach ensured that there were fully qualified coaches for each of the sessions and that these coaches were assessed according to the guidelines laid out by the National Office of Riding for the Disabled.
We encourage those volunteers who show willing to take up coaching.
## Equines:
The trustees ensure the proper welfare of the horses and ponies used by our RDA groups and that there is suitable and safe transport for the horses and ponies to and from the riding venues. Rigorous equine monitoring and care is essential in order to ensure that riding activities are conducted safely. Veterinary and farrier costs are a significant ongoing expense in addition to the provision of nutrition and suitable grazing.
There were ten equines used for our activities during the year of which three are owned by the Charity. The remaining equines are loaned to us. Two of the ponies owned by the Charity are cared for by a team of volunteers and paid staff. These two ponies were used for all six children's sessions during the Summer and Autumn and for the adult ride during the winter. The remaining equines are cared for by our volunteers or their owners and care costs are shared between the charity and the owners or carers.
## Venues:
The trustees ensure that they provide a safe environment for the activities that take place during riding sessions and that thorough risk assessments are in place and continually checked and updated as necessary.
Page 2
**ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
## **Volunteers**
The trustees are enormously grateful to the large number of volunteers that are required to maintain and achieve the objectives of the Charity. All of our activities are run entirely by volunteers including Ride Organisers, pony/horse leaders, side walkers who keep the riders safe, coaches, horse/pony carers, fundraisers and administration. We continue to support, train and monitor them all and encourage social events outside of riding sessions for volunteers to share experiences. The trustees ensure that all volunteers involved in the riding sessions are DBS checked and properly trained, including in safeguarding. They provide an annual First Aid course for those volunteers who wish to become First Aiders.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The trustees received donations from external sources of £4,169 (2023: £687) and are extremely grateful to all donors for their efforts and generosity.
## **Fundraising activities**
The Charity has increased its fundraising efforts to help with the higher costs of providing riding activities. The sale of cards, wreaths and clothes raised £2,114 (2023: £2,151). Our golf day raised £11,015 (2023: £6,748). We received very generous shares of profits from a clay shoot day of £6,750 (2023: £nil), the Andover Chamber Choir of £1,068 (2023: £nil) and the Sofa Club of £390 (2023: £260). We also received £3,210 (2023: £450) from pony sponsorship and £1,100 (2023: £1,863) from rider contributions.
## **Investment performance**
The trustees invested in M&G Charifund income units such funds as were not immediately required and in accordance with the Charity's investment policy. The remaining funds were kept with NatWest Bank. The Charity earned income of £2,028 (2023: £1,879) on these investments.
## **Internal and external factors**
The Charity bought a new horse for £10,000 during the year and had other running costs of £22,663 (2023: £25,587).
The transactions resulted in a deficit of £819 (2023: £3,372).
The investments with M&G reflected a decrease in market value of £608 during the year (2023: £2,167), leading to an overall deficit of £1,427 (2023: £5,539).
Page 3
# **ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **FINANCIAL REVIEW**
## **Financial position**
The deficit of £1,427 noted above is reflected in the net worth of the charity decreasing from £79,703 to £78,276, as shown on the balance sheet.
The balance sheet also reflects receipts in advance of £2,100 for our 2024 golf day.
The financial crisis caused by the Covid pandemic has reinforced to the trustees the need to maintain adequate reserves and cash to not only cover the running deficits but also to fund the continued expansion of the services we provide back to pre-pandemic levels.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is governed by its constitution as filed with the Charity Commission.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1170641
## **Principal address**
Clouds Hill House Penton Harroway Andover Hampshire SP11 0QZ
## **Trustees**
A Hanbury-Williams (Chair) M Hyson (Treasurer) G Summers (Secretary) (appointed 22.11.23) P Wilkins M Wood P Copping S Cox R Davies S Cannon (appointed 6.9.23) J Abdollahzadeh (resigned 21.11.23)
## **Independent Examiner**
Christopher Joyce FCCA 8 Elder Crescent Andover Hampshire SP10 3XY
Page 4
**ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE**
## **DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **GENERAL REVIEW**
The trustees intend to develop the services being provided to its beneficiaries in the Andover area.
The trustees consider that the Charity has achieved its objectives during the year by providing benefits to its individual beneficiaries and at a general societal level to future beneficiaries of the RDA.
Approved by order of the board of trustees on 4 September 2024 and signed on its behalf by:
A Hanbury-Williams (Chair) - Trustee
Page 5
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE**
## **DRIVING**
## **Independent examiner's report to the trustees of Andover Riding for the Disabled Association Incorporating Carriage Driving**
I report to the charity trustees on my examination of the accounts of Andover Riding for the Disabled Association Incorporating Carriage Driving (the Trust) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Christopher Joyce FCCA
4 September 2024
Page 6
## **ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|2024
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,169
Other trading activities
2
25,647
Investment income
3
2,028
**Total**
31,844
**EXPENDITURE ON**
**Charitable activities**
Principal activity
32,663
Net gains/(losses) on investments
(608)
**NET INCOME/(EXPENDITURE)**
(1,427)
**RECONCILIATION OF FUNDS**
Total funds brought forward
79,703
**TOTAL FUNDS CARRIED FORWARD**
78,276|2023
Total
funds
£
687
15,149
1,879
17,715
21,087
(2,167)
(5,539)
85,242
79,703|
|---|---|
The notes form part of these financial statements
Page 7
**ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **BALANCE SHEET 31 MARCH 2024**
|Notes
**FIXED ASSETS**
Tangible assets
5
Investments
6
**CURRENT ASSETS**
Stocks
7
Cash at bank
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|2024
Unrestricted
fund
£
7,804
32,679
40,483
52
39,841
39,893
(2,100)
37,793
78,276
78,276
78,276
78,276|2023
Total
funds
£
10,595
33,287|
|---|---|---|
|||43,882
52
35,769|
|||35,821
-|
|||35,821|
|||79,703|
|||79,703|
|||79,703|
|||79,703|
The financial statements were approved by the Board of Trustees and authorised for issue on 4 September 2024 and were signed on its behalf by:
A Hanbury-Williams (Chair) - Trustee
M Hyson (Treasurer) - Trustee
The notes form part of these financial statements
Page 8
**ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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, with the exception of investments which are included at market value.
## **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.
Equipment - 10% on cost Motor vehicles - 20% on cost
## **Fixed asset investments**
Fixed asset investments are shown at fair value.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **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.
Page 9
continued...
**ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. OTHER TRADING ACTIVITIES**
|Sale of cards
Wreath sales
Tack & clothes sales profit
Clay shoot donation
Golf day
Andover Chamber Choir
Sofa Club
Pony sponsorship
Rider contributions
Quiz Night
Use of trailer & box
RDA South Hay grant
**3.**
**INVESTMENT INCOME**
M&G Charifund
Deposit account interest|2024
£
1,204
610
300
6,750
11,015
1,068
390
3,210
1,100
-
-
-
25,647
2024
£
1,930
98
2,028|2023
£
1,771
350
30
-
6,748
-
260
450
1,863
2,710
367
600|2023
£
1,771
350
30
-
6,748
-
260
450
1,863
2,710
367
600|
|---|---|---|---|
|||15,149||
||||2023
£
1,874
5|
||||1,879|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 10
continued...
## **ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **5. TANGIBLE FIXED ASSETS**
|Equipment
£
**COST**
At 1 April 2023 and 31 March 2024
11,732
**DEPRECIATION**
At 1 April 2023
8,937
Charge for year
841
At 31 March 2024
9,778
**NET BOOK VALUE**
At 31 March 2024
1,954
At 31 March 2023
2,795|Motor
vehicles
£
9,750
1,950
1,950
3,900
5,850
7,800|Totals
£
21,482|
|---|---|---|
|||10,887
2,791|
|||13,678|
|||7,804|
|||10,595|
## **6. FIXED ASSET INVESTMENTS**
The fixed asset investment comprises 2,244.342 units in M&G's Charifund - Equities Investment Fund for Charities (Income) stated at fair value of £32,679.
## **7. STOCKS**
|Stocks
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors|2024
£
52
2024
£
2,100|2023
£
52|
|---|---|---|
|||2023
£
-|
Page 11
continued...
## **ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **9. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**|||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.4.23|in funds|31.3.24|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund||79,703|(1,427)|78,276|
|**TOTAL FUNDS**||79,703|(1,427)|78,276|
|Net movement in funds, included in the above are as||follows:|||
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|31,844|(32,663)|(608)|(1,427)|
|**TOTAL FUNDS**|31,844|(32,663)|(608)|(1,427)|
|**Comparatives for movement in funds**|||||
||||Net||
||||movement|At|
|||At 1.4.22|in funds|31.3.23|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund||85,242|(5,539)|79,703|
|**TOTAL FUNDS**||85,242|(5,539)|79,703|
|Comparative net movement in funds, included in the above are as|||follows:||
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|17,715|(21,087)|(2,167)|(5,539)|
|**TOTAL FUNDS**|17,715|(21,087)|(2,167)|(5,539)|
Page 12
continued...
## **ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 13
**ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING (A CHARITABLE INCORPORATED ORGANISATION)**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Sale of cards
Wreath sales
Tack & clothes sales profit
Clay shoot donation
Golf day
Andover Chamber Choir
Sofa Club
Pony sponsorship
Rider contributions
Quiz Night
Use of trailer & box
RDA South Hay grant
**Investment income**
M&G Charifund
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Tack & equipment
Pony keep
Mileage & transport
Training inc 1st Aid
Horse costs - Boots
Insurance - Danny Boy
Use of school
Fun Day
Carried forward|2024
£
4,169
1,204
610
300
6,750
11,015
1,068
390
3,210
1,100
-
-
-
25,647
1,930
98
2,028
31,844
545
8,908
3,512
471
10,000
-
-
41
23,477|2023
£
687
1,771
350
30
-
6,748
-
260
450
1,863
2,710
367
600
15,149
1,874
5
1,879
17,715
578
9,523
6,590
627
-
(4,500)
345
278
13,441|
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
## **ANDOVER RIDING FOR THE DISABLED ASSOCIATION INCORPORATING CARRIAGE DRIVING**
## **(A CHARITABLE INCORPORATED ORGANISATION)**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**Charitable activities**
Brought forward
SMB facilities
Abbots Ann facilities
**Support costs**
**Management**
Stationery
AGM expenses
Sundry insurance
RDA membership and insurance
DBS checks
Website and Facebook
Anniversary party
Sundry expenses
Card costs
Donation
Depn equipment
Depn motor vehicle
Total resources expended
**Net expenditure**|2024
£
23,477
530
2,393
26,400
112
209
2,002
681
213
29
-
-
26
200
841
1,950
6,263
32,663
(819)|2023
£
13,441
1,229
-
14,670
179
280
1,674
675
94
122
475
118
9
-
841
1,950
6,417
21,087
(3,372)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 15