REGISTERED CHARITY NUMBER: 1170641 EP TEE ND UNAUDITED FINANCIAL TATEMENTS R THE YEAR ENDED 31 CH 2025 FOR 8NDOVER RIDIN_Q_FO_R THE DISABLED ASSOCIATION INCORPORATIN RIAGE DRMNG TED CHARITABL INC Christopher Joyce FCCA 8 Elder Crescent Hampsh SP10 3XY
AND VER RIDING F INC RP R THE DISABLED RATIN I&QELARITABLE INCORP ATIO REPORT OF THE TRUSTEES E YEAR ND D 31 MARCH 2025 The trustees present their report with the financial stateffEnts of the chanty for the year ended 31 March 2025. The trustees have adopted Ihe provisions of Accounting and ReporlirrfJ by Charities: Statement of Rernrnended practi appli(xble to tharities preparing their accounts in accordan(* with the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTMTIES Objectives and aims The Charivs objects are to provide disabled persons in the Andover area with Ihe opportunity to ride horses and ponies to benefrt their health and wellbeing. By using the extraordinary mnnection bel%%een horses, ponies and humans, Andover Riding for the Disabled provides riding therapy that benefrts our participants both mentally and physically. The impad of our adivities can dearfy be seen in the impVed core strength, balance and co-ordination of our beneficiaries and also in the growth in Iheir cOnfKIen and social sklls. We run hour long riding sessions Ihroughjt the Summer term and during the first half of the Aulumn term for children from 4 different local SEND sdK>ols as well a5 for a few independenlly referred thildren. In addition we provide riding coaching for adults every Monday during terni times throughout the year. The Charity aims to continue offering these considerable benefts to as many disabled persons in the Andover area as possible. Page 1
ND CIATI RID IN IR THE DI AB TIN CA DRIVI CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 R•port of the Trustees 1 to 5 Ind•pnd•nt Examlnerfs Report statement of Financial Activities Balance Sheet Notes to the Financlal Ststemonts 9 to 13 Detailed Statement of Financial Activities 14 to 15
_NDQVER RIDIN INC ABL .F R._THE DILLD RP RATI CARRIA RIVI REPORT F THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTMTIES Significant activities The trustees (x)ntinued to ensure that there were suffInt volunteers and facilities available together wilh the necessary ponies arKI horses. The Charty ran six RDA group sessions week for children fn)m SEND special %KX)Is as well as independently refeffed thildren in the Andover area during the Summer and Aumn tvns. We used separate (Krtdoor arenas for our ridirvJ SesSnS all of whith are provided to us free of charge: one in St Mary Brne during the Summer term and then in Stoke in the Autumn tenm and one in Binley. These provide a safe. fvn and healthy envronment in whith the thildren receive Ihe full benefft of riding therapy with the added benefft of teathing them a Irtue bit abcxrt rural life and Ihe surrounding countyside. The chldren's schools repeatedly comment on how beneficial our riding sessions afe to their pupils both physicalty and mentally and the pupils themselves are alas eager to attend sessions. Adt riders were provijed with a weekly riding session throughout the year using both indoor and outdoor fac11s. Adult riders often continue coming to sessions for several years and show great improvement in confKlence and wellbeing as well as fomiirvJ bonds wilh the RDA horses. The highlJM of the year is 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. thin The Trustees and our Head Coath ensured that there were fully qualffied coathes for each of the sessions arKI that the* coathes were assessed according to the guidelines laid (xrt by the National Office of RIng 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 (r RDA groups and that there is suitable 8nd safe transport ftx the hoT5es and ponies to and from the rijing venues. Rigorous equine monitoring and Ca is essential in order to ensure that riding actiirities are Ix)nducted safely. Veterinary and farrier cnsts a signifKant ongoing expense in addition to the provision of nutrition and suitable grdzing. There were nine equines used for our adNities during the year of liiree are owned by tt Chaiity. The remaining equines are loaned to us. All of the ponies are cared for ether by their owners, full ts.me Care {wilh 0M are shared with Charity) or by a team of volunteers with a couple of paid staff filling in during week days. Venues: Page 2
RIDING F RP R THEDI ED RATIN CARRIA CIATI RP Nl REPORT OF THE TRUSTEES FOR THE D 31 MARCH 2025 OBJECTIVES AND ACTNITIES The trustees ensure that they provide a safe envronment for the activities that take place during riding sessions and that thorough fisk assessments are in place and cxjntinually thecked and updated as necessary. Public benefrt The trues u)nfimi that they have Ix)mplied with their duty to have due regard to the guidance on blic benefrt published by the Charty Commission in exercising their powers and duties. Volunteer5 The trustees are enormously grateful to the large number of volunteers that are requred to maintain arKI achieve the objectives of the Chaiity. All of our activities are run entrely by volunteers induding Ride Organisers, ponyThrSe leaders, side walkers who keep the riders safe, coathes, horselpory Cars, fundraisers and administration. We continue to support, train and monitor them all and encnurage social events (Mjtside of riding sessions for volunteers to share experien5. The trustees ensure that all volunteers involved in the riding sessions are DBS checked and properfy trained, induding in safeguarding. We also provide an annual First Aid course for those volunteers who wish to become Frst Aiders. ACHIEVEMENT AND PERFORMANCE Charitable activitles The trustees received donations from extemal sources of £7,575 whi( included £5,000 from The Hargreave8 Foundation {2024: £4,169) arKI are extremely grateful to all donors for their efforts and generosty. The balan of that donation was utilised against other expenses involved in relocating our thildren's ponies and riding venue from St Mary Boume to Stoke. Fundralslng activities The Charrty has maintained its fundraising effts to help with the higher costs of providing ridirrfJ activiti8s. The sale of Lzrds, wreaths and dothes raised £2,221 (2024: £2,114). Our golf day raised £9,714 (2024: £11,015). Profts of £1,044 were made from a sponsored walk and a concert at Penton thurch. We also received £3.860 (2024: £3,210) from pony sponsorship and £860 (2024: £1.100) from rider (x)ntribut(ons. Investment perf0mnCe The trustees invested in M&G Charifvnd in(xJme unts such funds as wère not immediately required and in accordance with the Charivs investment poliw. The remaining funds were kept with Natwest Bank. The Charty eamed irKX)m8 of £2.294 (2024: £2,028) on these investments. Internal and extemal factors The Charty bought a new pony for £4.419 during the year and had other running costs of £22,832 {2024: £22,663). The 2025 costs were seen to be mitigated by book profts of £3,494 on the sale of our van and a trailer. The tsansactions resulted in a surplus of £3,811 (2024: defKit £819). The investments with M&G refiected an increase in market value of £1,242 during the year (2024: dfftit £808), leading to an overall Surplus of £5,420 (2024: deficit £1,427). Page 3
NDOVER RIDING OCIATI NINC RP IVIN OR RIA ABL ANI REPORT OF THE TRUSTEE THEY DED3 laARCH 2025 FO FINANCIAL REVIEW Financial position The sijrplus of £5,420 noted above is refiected in the net YrIh of the tharty inu&qsirKd from £78.276 to £83,329. as shown on the balan sheet. The balance sheet also relle(ts receipts in advan of £1,060 fLY fundraising events after the year end The financial Ixisis USed by the COVKI pandemic as well the cuffent financial lumiol in the world has reinforced to the trustees the need to maintain adequate reserves and cash to not only cover the running def5 tmrt also to fund the )ntInued expansion of the services we wovide to all our STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charty is govemed by ts consbtutson as filed with the Charity Commission. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1170641 Principal address ckdS Hill Hse Penton Harroway Hampshire SP11 OQZ Trustees A Hanbury-wli liams (Chair) M Hyson ffreasurer) G Summers (Se(xetary) P Wilkins M Wood P Copping Scox R Davies S Cannon Independent Examiner Christopher Joyce FCCA 8 Elder Crescent Andover Hampshire SP10 3XY Page 4
AND VER RIDING F CIA NINC R THEDI ABLED RATING CARRIA A CHARITABLE INC RP REPORT OF THE TRU TEE EYEARE D31PAA 20 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Christopher Joyce FCCA 8 Elder Crescent Andover Hampshire SP10 3XY GENERAL REVIEW The ttustees intend to develop the services being provided to its beneflarIeS in the Andover area. The trustees consider that the Charity has a¢*ieved ts objectives during the year by providR benefits to its individual beneficiaries and at a general societal level to future beneficiaries of the Approved by order of the board of trustees on ...... ........ behalf by: and signed on its 161Lu [1 A Hanbury-williams (Chair) - Trustee Page 5
IEENENT EXAMINER. AN RIDIN AS OCIATI INC REP RTT HETR SAB CARRIA RP TIN Independent examinefs report to the trustets of Andover Riding for the Disabled Association Incorporating Carriage Driving I report to the thwity trustees on my examinalion of the aca)unts of Andover Riding for the Disabled Association Inwratwu Carriage Driving (the Trust) for the year ended 31 March 2025. Responslbilttles and basis of report As the chanty tnlstees of the Trust you are responsible for the preparation of the aLrnts in accOnJan with the requirements of the Charities Act 2011 (Ihe Ad). I report in respect of my examination of the Trusts acu)unts carried out under Section 145 of the Act and in carying (yjt my examination I have fdlowed all applicable Drections given by the Charity Commission under SectK)n 145(5)(b) of the ACL Independent examinerfs ststement I have (x)mpleted my examination. I confimi that no material matters have cx>me to my attention in Ix)nnection wilh the examirHtK)n giving me cause to believe that in any material respecL accounting records were not kept in respect of the Trust as required by Section 130 of the ACL or the accounls do not accord with those records: or the accounts do not comply with the applicable requirements COnmIng the fomi and content of ants sat out in Ihe Charities (Ac(x)unts and RepLYts) Regulations 2008 other than any requirement that the accounts give a true and fair view lch is not a matter considered as part of an irKlependent examination. I have no concems and have come acTOSS no other matters in connection with the examinatK)n to which attention should be drawn in this report in order to enable a proper understanding of the accxjunts to be reached. Christopher Joyce FCCA s. 2025 Page 6
AND VER RI IN ASSOCIATION INCORP R THEDI ABLED RR CH ITAB RATED ANI STATEMENT OF FINANCIAL ACTIVITIES YEAR DE 31 MARCH 2025 2025 Unrestricted fund 2024 Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 7,575 4,169 Other trading activities Investment income 17,699 2,294 25.647 2.028 Total 27,568 31,844 EXPENDITURE ON Charitable activities Principal activty 23,757 Net gainsl(losses) on investments 1.242 (808) NET INCOMEI(EXPENDITURE) 5,053 (1,427) RECONCIUATION OF FUNDS Total funds brought fonvard 78,276 79,703 TOTAL FUNDS CARRIED FORWARD 83,329 78,276 The notes fom part of these fnCIal statements Page 7
ANDOVER RIDING F CIATI NINC RP R THED RATIN AB CAR ED ABLE I BALANCE SHEET 31 IAARCH 2025 2025 2024 unstrICted Total fund funds Notes FIXED ASSETS Tangible assets Investments 3,078 53,922 32,679 57.000 40,483 CURRENT ASSETS Stocks Cash at bank 30 28,332 52 39,841 28,362 39,893 CREDITORS AMnts falling due within one year (2,033) (2,100) NET CURRENT ASSETS 26,329 37,793 TOTAL ASSETS LESS CURREKr LIABIUTIES 83.329 78,276 NET ASSETS 83,329 78,276 FUNDS unrestric funds 83.329 78,278 TOTAL FUNDS 83,329 78.276 Jhe financial statements vRre approved by the Board of Trustees and authorised kn issue on 4AFAF-ts.qf.. and were signed on its behalf by: A Hanbu illiams (Char) - Trustee M Hy50n (freasurerj - Tfustee The notes form p*t of these finanaal statements
ANDOVER RIDING CIATI NINC RP R THEDI BLED CARRIA A CHARITABLE INCORP RATED O NOTES TO THE FINANCIAL STATEME R THE YEAR END D 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, lch 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 RecommerKled practi applicable to charities preparing their accounts in accordan with the Financial RePling Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 Tr Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the hithi(xl cost convention. with the exception of investments whith are indud8d at market value. Income All income is recognised in the Statement of Financial Activities On the chaiity has entidement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlturè Liabilities are recognised as expenditure as soon as there is a legal or constwctive obligation committing the tharty to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the am(nt of the obligation can be measured reliably. Expenditure is accounted for on an accNals basis and has been classified under headings that aggregate all cost related to the categry. Where costs cannot be diredy attributed to particular headings they have been allocated to activities on a basis consistent with the use Tangible fixed assets DeFYeciation is provided at the following annual rates in order to lte off eath asset over ts estimated useful life. Equipment Motor vehides 10% on cost 20% on cost Flxed asset investsnents Fixed asset investments are shown at fair value. stocks are valued at the lower of cost and net realisable value, after making due allliwan for obsolete and slow moving items. Taxation The tharity is exempt from tax on its tharitable activities. Fund accounting UnrestriGled funds can be used in accordance with the charitable obiedives at the discretion ofthe trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charty. Restrictions arise when specid by the donor or when funds are raised for partI(lar restricted puoSes. Page 9 continued...
ND VER RIDING F CIAT NINC RP EDI ABLED RATING CA IA ARITABLE INC RP ANI ATI NOTES TO THE FINANCIAL FOR THE YEAR ENDE TATEMENTS - continued 31 MARCH 2025 ACCOUNTING POLICIES- continuod Fund accounting Furlher explanation of the nature and wrpose of each fund is included in the notes to the fmancial statements. OTHER TRADING ACTivrriES 2025 2024 Sale of cards Wreath sales Tack & clothes sales profft Clay shoot donatton Golf day ArKlover Chamber Choir Sofa Club Pony sponsorship Rider contributions Sponsored Walk Penton thurch concert 1.391 830 1.204 610 300 6.750 11,015 9,714 390 3,210 1,100 577 17,699 25,647 INVESTMEKf INCOME 2025 2024 M&G Charifund Deposit a(xxMJnt interest 2,031 1.930 98 2.028 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 Marth 2025 nor for the year eTKled 31 Mwch 2024. There ere no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 Marth 2024. Page 10
ANDOVER RIDIN CIA THE DI RATIN ABLED RP CHARITABLE INC ANI ATI NO S TO THE FINANCIAL STATEMENTS- cOnnUed THE YEAR DED 31 ARCH 2025 TANGIBLE FIXED ASSETS Motor vehicles Equipment Totals COST At 1 April 2024 Additions Disposals 11,732 3,408 {5,912) 9,750 21.482 3,408 {9,750) (15.662) At 31 Marth 2025 9,228 9,228 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal 9.778 341 (3,969) 3,900 13,678 341 (7,869) (3,900) At 31 Marth 2025 6,150 6,150 NET BOOKVALUE At31 Marth 2025 3,078 3.078 At 31 Marth 2024 1,954 5,850 7,804 FIXED ASSET INVESTMENTS The red asset investment comprises 2.244.342 units in M&G's Charifund Investment Fund for Charities (Income) stated at fair value of £32,679. Equities STOCKS 2025 2024 St( 30 52 Page 11 continued...
AND -.vER RIDIN AT NC DRI RP R THEDI ABLED TIN CARRIA CHARITABLE I RATED N) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED 31 RCH 2025 CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2025 2024 Creditors Advance reipts for golf day Advance reIpts for June fund raiser 973 420 2.100 2,033 2.100 MOVEMENT IN FUNDS Net movement in fvnds At 1.4.24 31.3.25 Unrestricted fvnds General fund 78,276 5,053 83,329 TOTAL FUNDS 78,276 5,053 83.329 Net movement in funds, induded in the above are as follows". Incoming Resources Gains and Movement resources expended losses in funds Unrestricted funds General fund 27,568 (23.757) 1,242 5.053 TOTAL FUNDS 27,568 {23,757) 1 ,242 5,053 Comparatives for movement in funds Net movement in funds At 1.4.23 31.3.24 Unrestricted funds General fund 79,703 (1,427) 78,276 TOTAL FUNDS 79,703 (1,427) 78,276 Page 12 (x)ntinued...
AND VER RIDI CIATION INC R THED ABLED RAT NG CARRIA ACHA RATE ATI NOTE TO THE FINANCIAL STATEMENTS- conts'nued RTHE MARCH 2025 MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, induded in the above are as follows: IrmIng Resources -- Gains and. Moveme resour$ expended losses In funds Unrestricted funds General furKI 31.844 (32,663) {608) {1,427) TOTAL FUNDS 31.844 {32.663) (808) (1.427) 10. RELATED PARTY DISCLOSURES There were no related paty transactKins furthe year ended 31 Marth 2025. Pag8 13
NDOVER RIDING F CIATI NINC RP R THE RATIN A CHARITABLE I ANI DETAILED STATEMENT OF FINANCIAL ACTIVITIE FOR THE YEAR END 31 MARCH 202 2025 2024 INCOME AND ENDOWMENTS Donations and legacies 7,575 4.169 Other trading activities Sale of cards Wreath sales Tack & dothes sales prnfft Clay shoot donation Golf day Andover Chamber Choir Sofa Club Pony sponsorship RKJer ntritMjIIOnS Spons4xed Walk Penton church concert 1.391 830 1.204 610 300 6,750 11,015 1.068 390 3,210 1,11)0 9,714 577 17,699 25,647 Invesknent Income M&G Charifund Deposit acUnt interest 2.031 263 1,930 98 2,294 2.028 Total incoming resources 27,568 31,844 EXPENDITURE Charitable activities Tack & equipment Pony keep Mleage & tran5PLYt Trnining inc 1st Aid 1.518 10.415 5,913 812 545 8.908 3,512 471 10.000 Pony purchase Fun Day SMB tacrfilies bbots Ann facli ities 4.419 81 179 330 41 530 2.393 23,867 26,400 This page does not form part of the statutory financial statements Page 14
AND ci VER RIDIN Tl THE DI ABLED PORATIN CARRI ILEW.RJI ABLE INC RPORA DETAILED STATEMENT OF FINANCIAL ACTIVITI THE YEAR ENDED 31 RCH 2025 2025 2024 Support costs Management Stationery AGM expenses Sundry insurance RDA membership and insurance DBS checks Website and Facebook Card costs Donation Profft on hovJe box Loss on fRld shelter Profft on trailer Loss on wheelba Depn equipment Depn motor vehide 268 206 1.442 713 180 112 209 2.002 681 213 11 200 (1,864) 235 (1,630) 188 341 1,950 8,283 Total $OUrceS expended 23,757 32,663 Net incomel(expenditure) 3,811 (819) This page does not fonn part of the statutsy financial statements Page 15