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2021-12-31-accounts

Scropton Riding for the Disabled Centre (A company limited by guarantee)

Report and Financial Statements

Year ended 31 December 2021 Charity number 1170646

Company number: 10427277

Scropton Riding for the Disabled Centre Registered Charity 1170646

Report and accounts for the year ended 31 December 2021

Contents Page
Chairman's Report 3
Legal and Administrative Information 4
Report of the Trustees 5 - 8
Statement of Trustees' Responsibilities 9
Independent Auditor's Report 10
Statement of Financial Activities 11
Balance Sheet 12 - 13
Notes to the Accounts 14 - 24

2

Scropton Riding for the Disabled Centre Registered Charity 1170646

Chairman's Report for the year ended 31 December 2021

Scropton Riding for the Disabled Centre, also known as Scropton RDA, has been providing lifeenhancing riding and driving activities for disabled children and adults for over 55 years, and is one of the founding members of the Riding for the Disabled Association.

Located in South Derbyshire it is the only independent centre of its kind in the East Midlands, with around 350 riders using the Centre each year. Our Centre is much more than just a riding centre with many local groups and individuals involved, giving it a real sense of community.

People from 5 years of age upwards with a wide range of disabilities including physical, learning, sensory, profound and multiple disabilities use our specialist facilities. Our Centre is tailored to ensure that all our visitors have a safe and fun sporting experience whilst also receiving the physical and social therapeutic benefits that riding and working with horses is known to have.

All that being said, as we started the new year the Centre continued to remain closed as a direct result of the Covid-19 pandemic that was still widespread across the world. Like most of the United Kingdom, we shut our doors in March 2020 as the country went into a national lockdown, and due to ongoing Covid-19 restrictions we remained closed throughout the entire year and in to 2021.

Finally in August 2021 we opened our doors again and started to welcome back our clients, old and new. I think it’s fair to say that it took us the rest of the year to settle into something resembling normality, we were initially very cautious when we re-opened making sure that our Covid-19 protocols were up to standard and more importantly, being followed. But as we started to find our feet we grew in confidence, and by the end of the year we were fully operational 4.5 days a week. We still have some way to go to be back to pre-Covid levels but I am proud of what we have achieved so far.

Regrettably we have decided not to continue carriage driving for the foreseeable future, it has always been seasonal due to its’ outdoor nature and has had limited participation at times. Social distancing rules made it much more challenging with Covid. As an alternative we have put our time and efforts in to establishing other non- ridden activities, such as Horse Care and Horse Agility. We will be in a position to launch these activities in earnest early in 2022.

All of this has only been possible because of the support we had during our darkest days; the list is long but I would like to take this opportunity to thank some of those who have helped us along the way.

Tim Parker Chairman

18[th] August 2022

3

Scropton Riding for the Disabled Centre Registered Charity 1170646

Legal and Administrative Information

Charity Number: 1170646
Company Registration Number: 10427277
Registered Office: Scropton Riding & Driving Centre
Watery Lane
Scropton
Derbyshire
DE65 5PL
Bankers: CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
ME19 4JQ
Independent Examiner: Philip Handley FCA
HSKS Greenhalgh
Chartered Accountants
18 St Christopher’s Way
Pride Park
Derby
DE24 8JY

Directors and Trustees

The Directors of the charitable company (the charity) are its Trustees for the purpose of charity law. The Trustees and officers serving during the year and since the year end were as follows:

Trustees:

Tim Parker Chair
Amie Walker Treasurer
Glynis Dalley
Peter Tunnicliffe (Resigned 7thAugust 2022)
Helen Scott-South (Resigned 24thAugust 2021)
Diana O’Halloran (Resigned 2ndSeptember 2021)

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Scropton Riding for the Disabled Centre Registered Charity 1170646

Report of the Trustees for the year ended 31 December 2021

The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 31 December 2021, which are also prepared to meet the requirements for a Directors' Report and Accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 published in October 2019.

Our purposes and activities

The purposes of the charity are:

Facilities for riding and ground-based activities with horses are provided at the Centre. The assistance in the provision of such facilities is provided by our staff, coaches and volunteers, all of whom are fully qualified for their relevant tasks and attend training courses related to providing horse riding and ground-based activities for people with physical disability, learning difficulties or other special needs.

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit.

Achievements and performance

Riding and Ground-based Activities

Horse riding commenced in August 2021 as the Centre re-opened following a period of closure due to the Covid-19 pandemic. We initially started with 2 people in each lesson as at the time there were Covid related industry limits to the number of people allowed in a lesson, which included riders, volunteers and coach.

Relatively quickly these limits were removed which allowed us to steadily increase our group sizes allowing more of our clients to return. Statistically it has shown that people with disabilities have been some of the hardest hit by the Covid restrictions and lockdowns, their vulnerability has in some cases left them feeling frightened to leave the house. Consequently, we had a reasonable amount of our clients not wanting to return to riding when we re-opened.

However, there was some positivity that came out of all the lockdowns, it made people think about taking up new activities. As a result, we had a large number of new clients contact us whilst we were closed, many of which are now riding with us.

During the year the Trustees took the decision to explore other ground-based activities, and both Horse Agility and Horse Care were identified as potential projects. Funding was sourced and by the end of the year the Horse Care was launched and the Horse Agility was making good progress. An unused barn was being converted to a Horse Agility arena which is expected to be finished in early 2022, at which point we will be able to launch this activity in earnest.

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Scropton Riding for the Disabled Centre Registered Charity 1170646

Horses

We started the year with 7 horses and ponies, most of which were with foster homes whilst the Centre was closed. By spring the horses and ponies began to return to the Centre to start their fitness work in preparation for re-opening.

By the end of the year we had 13 horses, but were in desperate need of some more. During the last 2 years the cost of horses, like many things during Covid, have increased significantly. A horse that would have cost around £4,000 is currently selling for nearer £8,000, the demand has outstripped the supply and driven up the prices. Loan horses are also in high demand for the same reason.

We have and still are looking for horses of all sizes, but particularly the larger 15’2+ weight carrying cob type. All the attributes and temperament that we are looking for also appeal to many of the people searching for horses, and although we have the funding we often cannot re-act quick enough. Horses are sold within hours and not days, and bidding wars can often start.

Finding more horses and ponies remains a priority for us.

As always, we have a team of dedicated grooms working under our Yard Supervisor who ensures the welfare of all our horses and ponies is second to none. We also have a network of support working with the Centre including vets, farriers, dentists, physios and saddle fitters.

Volunteers

The Centre has a large team of volunteers, without which the Centre would not be able to operate. These range from volunteer coaches and yard staff to maintenance and caterers in the coffee bar. We also have a few supported volunteers who gain a great deal of independence and personal responsibility from helping around the yard. All this help means the number of staff can be kept to a minimum.

The Centre has a part-time Volunteer Co-ordinator who provides a consistent and regular contact with all volunteers, engages in recruitment, undertakes statutory checks, arranges training and co-ordinates attendance times.

We have welcomed many new volunteers to the Centre since we re-opened but also seen many of our pre-Covid regulars return. Everyone is enjoying getting involved with all the different activities around the Centre, particularly assisting in the riding lessons. Many are looking forward to the launch of the Horse Agility in 2022 as it gives them an opportunity to learn something new.

The Trustees want to take this opportunity to thank each and every volunteer, old and new, who generously donates their time to ensure the Centre continues to stay open for our customers and, in addition, for providing the friendly and enriching environment within which our customers can flourish.

Funding

The Centre is entirely self-supporting, relying on self-generated funds, donations and grants to cover the general running costs and various improvement projects that become necessary during the year.

The majority of the Centre’s income comes from fees from riding activities, which are kept as low as possible to ensure they remain within the range of its customers. These fees alone do not generate enough to cover the operating costs and therefore the Centre remains heavily dependent on its charitable status and the generosity of those supporting the Centre through donations.

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Scropton Riding for the Disabled Centre Registered Charity 1170646

We have relied heavily on grants and donations throughout the year as income from riding activities did not start to trickle in until August 2021. Some of the funding we had secured was to help support us once we re-opened, we anticipated that our costs would rise significantly as we brought our horses and ponies back to the Centre and started to take on more staff, but we also knew it would be a slow start and income would take time to build. This can be seen from our financial result.

The Trustees would like to thank all those supporters that gave generously during the year.

Projects

Projects were limited during the year as we concentrated our time and resources on re-opening.

Horse Agility was the main project that we’ve been working on, it wasn’t complete by the end of the year. But we secured grant funding to establish an Agility arena that was completed in early 2022, equipment was purchased and staff and some volunteers received trained. There is more to do in this area during 2022.

Activities of Scropton Equestrian Centre Ltd (SEC Ltd)

During the second half of the year all mainstream riding lessons were conducted by the trading subsidiary Scropton Equestrian Centre Ltd (Company Number 03861792). A total of £10,403 (2020: £20,091) has been received from that company in relation to charges for the use of the Centre's facilities and donations.

Financial review and reserves policy

The core income from riding lessons and ground-based activities, together with income from SEC Ltd, and regular fundraising activities is insufficient to cover the day-to-day costs of running the Centre. The nature of donations, gifts and grants is that they are irregular and cannot be relied upon to keep the accounts in surplus every year.

Accordingly, the Trustees try to maintain reserves sufficient to carry the charity through any lean years which may arise and, in addition, build up funds to finance development projects which enhance the available facilities. As the Covid-19 pandemic in March 2020 took hold and forced the temporary closure of the charity, the reserves held by the charity have proved to be sufficient. The level of free reserves held by the charity at the year-end is £45,581 (2020: £89,044).

The Trustees applied for a loan of £100,000 in 2019 to support the 3-year (2020 – 2022) business plan, the application was accepted and was received in May 2020. The business plan was created prior to the Covid-19 pandemic, which is now on hold until we can return to more normal and regular activities. The loan was still completed with the expectation it will support a new business plan from 2022 and onwards.

The Centre's total income for the year was £157,142 (2020: £284,962), costs were £189,450 (2020: £238,130), resulting in a deficit of £32,308 (2020: £46,832 surplus).

Future plans

The Centre has been running for over 50 years and the Trustees are committed to the Centre being around for another 50 years. The plan for 2021 was all about the road to re-opening which we successfully achieved.

2022 and beyond is about re-growth, versatility and supporting our community. We are under no doubt that Covid-19 will still play a part of the coming years but like the rest of the world we have got to learn

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Scropton Riding for the Disabled Centre Registered Charity 1170646

to live and work with it. It is with this in mind that we are determined to offer a greater range of activities including Horse Care and Horse Agility which are activities that can be done safely but also allow those people that are unable to sit astride a horse to take part in horse activities from the ground.

One of the areas within the Centre that has remained closed since March 2020 is our Coffee Bar, as an indoor area we have been reluctant about re-opening it due to Covid safety concerns. However, that is something we want to put right in 2022. It has historically been a hub of the Centre for people to mix and interact over a coffee, but it’s also been a place for carers and parents to have a break whilst lessons are in progress. We hope to re-open the Coffee Bar during 2022.

Structure, Governance and Management

Governing Document

Scropton Riding for the Disabled Centre is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13 October 2016. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a Member of the Company and there are currently 9 Members, each of whom agrees to contribute £1 in the event of the charity winding up.

Appointment of Trustees

When new or additional Trustees are required they are elected by the Members or co-opted by the Trustees. All Trustees are also Members and support the objects of the charity, as set out above.

The Trustees retire at each Annual General Meeting of the charity. Trustees may then stand again and may be reappointed by the Members. Co-opted Trustees hold office until the next AGM when they retire but may stand as Trustees and put themselves forward for election by the Members.

Risk management

The Trustees have a risk management strategy which comprises:

The Trustees continue to assess the impact of the Covid-19 pandemic on the charity which was forced to close between March 2020 and July 2021. Whilst most of the Government restrictions have been relaxed the Centre has continued to follow many of the guidelines due to the vulnerability of some of clients.

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Scropton Riding for the Disabled Centre Registered Charity 1170646

Statement of Trustee's responsibilities

The charity Trustees (who are also the Directors of Scropton Riding for the Disabled Centre for the purposes of company law) are responsible for preparing a Trustee's Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies.

By order of the Board of Trustees

Tim Parker Chairman

18[th] August 2022

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www.hsksg.co.uk

Scropton Riding for the Disabled Centre Registered Charity 1170646

Independent Examiner's Report to the Trustees of Scropton Riding for the Disabled Centre

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2021 which are set out on pages 11 to 24.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no 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 company as required by section 386 of the 2006 Act;

or

  1. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Philip Handley FCA

HSKS Greenhalgh Chartered Accountants 18 St Christopher’s Way Pride Park Derby DE24 8JY

28[th] August 2022

18 St Christopher’s Way, Pride Park, Derby, DE24 8JY t: 01332 200105 f: 01332 346099

HSKS Greenhalgh is the trading name of HSKS Greenhalgh Ltd. Registered in England and Wales – Company No. 07686667. Registered to carry on audit work in the UK & Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. VAT Registered No. 121 7493 27. A full list of Directors can be obtained from the Registered Office. Registered Office – 3rd Floor, Butt Dyke House, 33 Park Row, Nottingham NG1 6EE

e: derby@hsksg.co.uk

Scropton Riding for the Disabled Centre Registered Charity 1170646

Statement of Financial Activities for year ended 31 December 2021 (including an Income and Expenditure account)

Note
Income
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment Income
7
Other
6
Total
Expenditure
Charitable activities
8
Total
Net income / (expenditure)
Transfer between funds
16
Other recognised gains
Gain on revaluation of fixed
assets
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
funds
31 Dec 2021
31 Dec 2020
£
£
£
£
29,164
75,184
104,348
216,812
19,290
-
19,290
28,781
23,084
-
23,084
19,233
16
-
16
45
10,403
-
10,403
20,091
81,958
75,184
157,142
284,962
126,578
62,872
189,450
238,130
126,578
62,872
189,450
238,130
(44,620)
12,312
(32,308)
46,833
8,112
(8,112)
-
-
-
-
-
-
(36,508)
4,200
(32,308)
46,833
1,075,663
-
1,075,663
1,028,830
1,039,155
4,200
1,043,355
1,075,663

The Statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

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Scropton Riding for the Disabled Centre Registered Charity 1170646

Company Number 10427277

Balance Sheet as at 31 December 2021

Note
Fixed assets
Tangible assets
11
Intangible assets
11
Total fixed assets
Current assets
Stocks
12
Debtors
13
Cash
Total current assets
Creditors: amounts falling due within one year
14
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after one year
15
Net assets
Funds of the Charity
Restricted funds
Unrestricted funds
Revaluation reserve
Total funds
16		 31 Dec 2021
31 Dec 2020
£
£
992,617
986,618
-
-
992,617
986,618
1,400
2,310
-
1,135
137,075
182,655
138,475
186,100
13,171
14,349
125,304
171,752
1,117,921
1,158,370
74,566
82,707
1,043,355
1,075,662
4,200
-
197,850
234,357
841,305
841,305
1,043,355
1,075,662

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Scropton Riding for the Disabled Centre Registered Charity 1170646

Balance Sheet as at 31 December 2021 - continued

These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies. For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

The notes attached on pages 14 - 24 form an integral part of these accounts.

Tim Parker Chairman

Amie Walker Treasurer

Approved by the Board of Trustees on 18[th] August 2022

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Scropton Riding for the Disabled Centre Registered Charity 1170646

Notes to the Accounts

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared in accordance with 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 published in October 2019.

Scropton Riding for the Disabled Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Going Concern

At the time of signing these accounts, the Trustees have considered the effect of the Covid-19 pandemic on the reserves of the charity and hence the going concern position. The Trustees consider that this does not present a major risk and that the charity will continue in operation for a period of at least 12 months from the date of signing these accounts, due to the fast response by the Trustees to reduce costs and protect the reserves during the pandemic.

On that basis, the Trustees have prepared these financial statements on a going concern basis.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Liabilities and Expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is renewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates incurred.

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Scropton Riding for the Disabled Centre Registered Charity 1170646

e) Intangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:

Asset Category Annual rate Software 25% Straight-Line

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:

Asset Category Annual rate
Freehold land & buildings 0%
Plant & Equipment 10% - 12.5% Straight-Line
Fixtures & Fittings 10% Straight-Line

No depreciation is provided in respect of land and buildings as the amount is negligible due to the high residual value of the buildings. Freehold land is not depreciated.

g) Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

h) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

j) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

k) Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

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Scropton Riding for the Disabled Centre Registered Charity 1170646

2 Legal status of Scropton Riding for the Disabled Centre

The Centre is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per Member of the charity.

3 Income from donations and legacies

Analysis of income
Donations and legacies:
Donations and gifts
Coronavirus Job Retention Scheme
Grants
Total		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£
£
£
31 Dec 2021
31 Dec 2021
31 Dec 2021
31 Dec 2020
26,814
-
26,814
46,417
2,350
-
2,350
55,869
-
75,184
75,184
114,526
29,164
75,184
104,348
216,812

The income from donations and legacies was £104,348 (2020: £216,812) of which £29,164 was unrestricted (2020: £194,061) and £75,184 was restricted (2020: £22,751).

The Centre benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

4 Income from charitable activities

Analysis of income
Charitable activities:
RDA Riding
RDA Driving
Total		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£
£
£
31 Dec 2021
31 Dec 2021
31 Dec 2021
31 Dec 2020
19,290
-
19,290
28,040
-
-
-
741
19,290
-
19,290
28,781

Income from charitable activities was derived from unrestricted activities in both years.

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Scropton Riding for the Disabled Centre Registered Charity 1170646

5 Income earned from other trading activities

Analysis of income
Other trading activities:
Hire of facilities
Livery
Cafe
Other
Total		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£
£
£
31 Dec 2021
31 Dec 2021
31 Dec 2021
31 Dec 2020
19,393
-
19,393
6,539
3,681
-
3,681
6,610
10
-
10
1,126
-
-
-
4,957
23,084
-
23,084
19,233

Income from other trading activities was derived from unrestricted activities in both years.

6 Other Income

Analysis of income
Other:
Scropton Equestrian Centre
Ltd - Hire
Total		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£
£
£
31 Dec 2021
31 Dec 2021
31 Dec 2021
31 Dec 2020
10,403
-
10,403
20,091
10,403
-
10,403
20,091

A charge is made to Scropton Equestrian Centre Ltd (Company Number 03861792) for the use of the Centre's facilities in the provision of riding instruction to able bodied riders. The income in both years is unrestricted.

7 Investment income

Analysis of income
Income from investments:
Bank Interest
Total		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£
£
£
31 Dec 2021
31 Dec 2021
31 Dec 2021
31 Dec 2020
16
-
16
45
16
-
16
45

Bank interest was derived from unrestricted cash balances in both years.

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Scropton Riding for the Disabled Centre Registered Charity 1170646

8 Analysis of expenditure on charitable activities

Analysis of expenditure
Expenditure
Staff Costs
Freelance Costs
Horse Care
Feed & Bedding
Equipment
Rates & Water
Electric
Insurance
Maintenance
Training
Marketing
Administration
External Fees
Coffee Bar
Sundry
Loan Interest
Loan Costs
Depreciation
Total Expenditure		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
31 Dec 2021
31 Dec 2021
31 Dec 2021
31 Dec 2020
53,528
43,015
96,543
134,212
1,995
-
1,995
5,829
6,329
800
7,129
3,259
7,716
-
7,716
11,310
3,437
1,000
4,437
2,110
2,647
-
2,647
2,353
2,927
-
2,927
7,317
13,573
-
13,573
13,836
9,051
18,057
27,108
32,662
1,004
-
1,004
495
540
-
540
-
2,158
-
2,158
1,267
5,208
-
5,208
4,256
584
-
584
2,011
1,794
-
1,794
797
4,587
-
4,587
2,860
-
-
5,872
9,501
-
9,501
7,684
126,578
62,872
189,450
238,130

Expenditure on charitable activities was £189,450 (2020: £238,130) of which £126,578 was unrestricted (2020: £183,954) and £62,872 was restricted (2020: £54,176).

9 Analysis of staff remuneration and expenses

Staff Costs
Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)
Other employee benefits
Total Staff Costs
Average No of Employees		 This Year
Prior Year
31 Dec 2021
31 Dec 2020
91,084
128,474
3,470
3,483
1,785
1,865
204
389
96,543
134,212
5
8

18

Scropton Riding for the Disabled Centre Registered Charity 1170646

The charity Trustees were not paid nor received any other benefits from employment with the Centre, neither were they reimbursed expenses during the year. No charity Trustee received payment for professional or other services supplied to the charity.

The total employee benefits of the key management personnel of the charity were £50,566 (2020: £53,404) and related to 3 people (2020: 3 people).

10 Related party transactions

There were no related party transactions in the year.

11 Intangible and Tangible fixed assets

Cost
At the beginning of the year
Additions
Revaluations
Disposals
At end of the year
Depreciation
At beginning of the year
Depreciation
Disposals
Impairment
At end of the year
Net book value at the
beginning of the year
Net book value at the end
of the year		 Intangible
Freehold
land &
buildings
Plant &
Equipment
Fixtures &
Fittings
Total
£
£
£
£
£
2,000
955,000
36,769
36,591
1,030,360
-
-
15,500
-
15,500
-
-
-
-
-
-
-
-
-
-
2,000
955,000
52,269
36,591
1,045,860
2,000
-
27,233
14,509
43,742
-
-
5,842
3,659
9,501
-
-
-
-
-
-
-
-
-
-
2,000
-
33,075
18,168
53,243
-
955,000
9,536
22,082
986,618
-
955,000
19,194
18,423
992,617
Depreciation Basis Straight Line Straight Line Straight Line Straight Line
Depreciation Rate 25% 0% 10% & 12.5% 10%

Revaluation - Freehold land & buildings

On 9[th] December 2019 a valuation of the premises was carried out by BB and J Commercial, Derby. The open market freehold value of £955,000 was determined on the basis of vacant possession. Revaluations will be carried out in accordance with accounting practice every 5 years, the next one being scheduled for December 2024.

19

Scropton Riding for the Disabled Centre Registered Charity 1170646

12 Stock

Stock
Opening stock
Added in period
Expensed in period
Impaired
Closing stock
Stocks relate to haylage.		 31 Dec 2021
31 Dec 2020
£
£
-
-
2,869
6,636
(1,469)
(4,326)
-
-
1,400
2,310

13 Debtors

Trade debtors
Prepayments and accrued income
Total		 31 Dec 2021
31 Dec 2020
£
£
-
-
-
1,135
-
1,135

14 Creditors: amounts falling due within one year

Trade creditors
Accruals and deferred income
Bank Loan
Other creditors
Total		 31 Dec 2021
31 Dec 2020
£
£
-
1,477
443
143
12,728
12,728
-
-
13,171
14,349

15 Creditors: amounts falling due after more than one year

Bank Loan
Total		 31 Dec 2021
31 Dec 2020
£
£
74,566
82,707
74,566
82,707

Included within bank loans due within and after one year is £87,294 repayable to Triodos Bank UK. Interest on this loan is charged at a rate of 5% per annum. The term of the loan is 10 years with monthly repayments commencing in June 2020. The loan is secured against the Freehold Land and Buildings.

20

Scropton Riding for the Disabled Centre Registered Charity 1170646

16 Post balance sheet events

There were no material post balance sheet events.

17 Analysis of net assets between funds

Current year
Fixed Assets
Cash and current investments
Other current assets / liabilities
Creditors more than one year
Provisions / pensions
Total
Prior year
Fixed Assets
Cash and current investments
Other current assets / liabilities
Creditors more than one year
Provisions / pensions
Total		 £
£
£
Unrestricted
Restricted
Funds
Funds
Total
2021
2021
2021
992,617
-
992,617
132,875
4,200
137,075
(11,771)
-
(11,771)
(74,566)
-
(74,566)
-
-
-
1,039,155
4,200
1,043,355
£
£
£
Unrestricted
Restricted
Funds
Funds
Total
2020
2020
2020
986,618
-
986,618
182,655
-
182,655
(10,903)
-
(10,903)
(82,707)
-
(82,707)
-
-
-
1,075,662
-
1,075,662

21

Scropton Riding for the Disabled Centre Registered Charity 1170646

18 Movement in Funds

Current year

Unrestricted Funds
General Fund
Total
Restricted Funds
Toyota Lottery Fund
SDDC
PCC Vulnerability Fund
BHS Hardship Fund
Co-Op Community Dividend
National Lottery
RDA National
SDDC
Tesco Bags of Help
Active Derbyshire
Douglas Arter Foundation
Foundation Derbyshire
Jessie Spencer Trust
SDDC
Avara Foods
SDDC
Hedley Foundation
British Horse Society
Arnold Clark
Helen Jean Cope
Sir Jules Thorn Trust
RDA National
British Equestrian Foundation
Persimmons
Total
Total		 £
£
£
£
£
£
£
Balance
Net
Transfer
Other
Balance
01 Jan
Incoming
Resources
Movement
Between
Gains/
31 Dec
2021
Resources
Expensed
in Funds
Funds
(Losses)
2021
1,075,663
81,958
(126,578)
(44,620)
8,112
-
1,039,155
1,075,663
81,958
(126,578)
(44,620)
8,112
-
1,039,155
-
4,887
-
4,887
(4,887)
-
-
-
9,357
(9,357)
-
-
-
-
-
1,000
(1,000)
-
-
-
-
-
800
(800)
-
-
-
-
-
1,000
(1,000)
-
-
-
-
-
10,000
(8,700)
1,300
-
-
1,300
-
1,000
(1,000)
-
-
-
-
-
3,143
(3,143)
-
-
-
-
-
1,000
-
1,000
(1,000)
-
-
-
6,775
(6,775)
-
-
-
-
-
500
(500)
-
-
-
-
-
2,000
(1,800)
200
-
-
200
-
1,000
(1,000)
-
-
-
-
-
12,000
(12,000)
-
-
-
-
-
2,225
-
2,225
(2,225)
-
-
-
2,500
(1,800)
700
-
-
700
-
2,000
(2,000)
-
-
-
-
-
2,000
(2,000)
-
-
-
-
-
500
(500)
-
-
-
-
-
1,000
-
1,000
-
-
1,000
-
1,000
(1,000)
-
-
-
-
-
1,000
-
1,000
-
-
1,000
-
7,497
(7,497)
-
-
-
-
-
1,000
(1,000)
-
-
-
-
-
75,184
(62,872)
12,312
(8,112)
-
4,200
1,075,663
157,142
(189,450)
(32,308)
-
-
1,043,355

The transfers between funds relate to restricted funds used for capital expenditure which have now been completed and as such the restrictions have lapsed.

22

Scropton Riding for the Disabled Centre Registered Charity 1170646

Movement in Funds (continued)

Prior year

Unrestricted Funds
General Fund
Total
Restricted Funds
Bruce Wakefield Trust
Clarke Charitable
Consolidated Charity Burton
Duke of Devonshire's Trust
Etwall Well Dressing
Foundation Derbyshire
Foundation Derbyshire
Gordon Trust
Michael Barnard CT
Sport England
Star Trust
BEF
BHS Hardship Fund
BHS Hardship Fund
BHS Hardship Fund
Boshier Hinton
Derbyshire County Council
EMA Charity
Pentagon Burton
Rank Foundation
Screwfix
St James Place
Total
Total		 £
£
£
£
£
£
£
Balance
Net
Transfer
Other
Balance
01 Jan
Incoming
Resources
Movement
Between
Gains/
31 Dec
2020
Resources
Expensed
in Funds
Funds
(Losses)
2020
993,405
262,211
(183,954)
78,257
4,000
-
1,075,662
993,405
262,211
(183,954)
78,257
4,000
-
1,075,662
2,500
-
(2,500)
(2,500)
-
-
-
1,000
-
(1,000)
(1,000)
-
-
-
4,000
-
(4,000)
(4,000)
-
-
-
1,000
-
(1,000)
(1,000)
-
-
-
1,000
-
(1,000)
(1,000)
-
-
-
2,000
-
-
-
(2,000)
-
-
2,000
-
-
-
(2,000)
-
-
1,000
-
(1,000)
(1,000)
-
-
-
925
-
(925)
(925)
-
-
-
10,000
-
(10,000)
(10,000)
-
-
-
10,000
-
(10,000)
(10,000)
-
-
-
-
6,000
(6,000)
-
-
-
-
-
750
(750)
-
-
-
-
-
500
(500)
-
-
-
-
-
800
(800)
-
-
-
-
-
1,300
(1,300)
-
-
-
-
-
1,566
(1,566)
-
-
-
-
-
900
(900)
-
-
-
-
-
1,435
(1,435)
-
-
-
-
-
2,000
(2,000)
-
-
-
-
-
5,000
(5,000)
-
-
-
-
-
2,500
(2,500)
-
-
-
-
35,425
22,751
(54,176)
(31,425)
(4,000)
-
-
1,028,830
284,962
(238,130)
46,832
-
-
1,075,662

23

Scropton Riding for the Disabled Centre Registered Charity 1170646

Purpose of the Restricted Funds 31 Dec 2021

Toyota Lottery Fund Horse Purchase 4,887
South Derbyshire District Council Core Funding 9,357
PCC Vulnerability Fund Core Funding 1,000
BHS Hardship Fund Horse Care 800
Co-Op Community Dividend Establishing Ground Based Activities 1,000
National Lottery Establishing Ground Based Activities 10,000
RDA National Core Funding 1,000
South Derbyshire District Council Core Funding 3,143
Tesco Bags of Help Horse Purchase 1,000
Active Derbyshire Core Funding 6,775
Douglas Arter Foundation Horse Agility Equipment 500
Foundation Derbyshire Volunteer Development 2,000
Jessie Spencer Trust Establishing Ground Based Activities 1,000
South Derbyshire District Council Core Funding 12,000
Avara Foods Horse Purchase 2,225
South Derbyshire District Council Volunteer Development 2,500
Hedley Foundation Establishing Horse Agility 2,000
British Horse Society Establishing Horse Agility 2,000
Arnold Clark Tack 500
Helen Jean Cope Horse Purchase 1,000
Sir Jules Thorn Charitable Trust Core Funding 1,000
RDA National Horse Purchase 1,000
British Equestrian Foundation Core Funding 7,497
Persimmons Establishing Horse Agility 1,000

24