Scropton Riding for the Disabled Centre (A company limited by guarantee) Report and Financial Statements Year ended 31 Dember 2023 Charity number 1170646 Company number: 10427277
Scropton Rlding for the Disabled Centre Registered Charity 1170646 Report and a¢¢ounts for the yearended 31 December 2023 Contents Page Chairman's Report Legal and Administrative Information Report of the Trustees {Including report of the Directors) Statement of Trustees, Responsibilities Independent Examinerfs Report 10 Statement of Financial Activities 11 Balance Sheet 12-13 Notes to the Accounts 14-24
Scropton Riding for the Disabled Centre Registsred Charity 1170646 Chalrman's Report forthe year ended 31 December 2023 Horses are amazing animals and through them we make real and lasting differences to the lives of local children and adults with additional needs. At Scropton Riding for the Disabled {S¢ropton RDA) our horses and activities offer opportunities to develop a wide variety of life skills, improve health and well- being, build abililies and all whilst getting active and having fun. We help an enormous range of disabilities,. physical, learning, sensory, multiple and profound. and more recently those with mental health problems as well. Our activities include riding. horse care and horse agility 811owing us to work with a wide range of disabilities and needs. Vvhat characterises all our participants is their difficulties acsIng mainstream activities. Their needs are a barrier to taking part in sport, being active, socialising, communicating, getting out and joining in. We cater for this very wide range of needs wilh activities at different levels suitable for everyone to access. Localed in South Derbyshire, we have the capacity to support around 300 participants each year. Our Centre is much moire than just a riding centie with many local groups and individuals involved. giving il a real sense of community. Scropton RDA continues to thrive, with a busy timelable Tuesday to Saturday throughout the day and into the evenings. Although we have some spare capacty, client numbers are growing and there are wailing lists for many sessions. Acquiring new horses continues to be a challenge. The current horse market is small and fast moving, making it difficult for u5 to complete due diligence on a prospective horse compared to a private buyer who is prepared to buy with less checks, taking more risk. We have a healthy budget and a hope that increasing the time resource we are putting into Ihis will bring more success. We had hoped to grow Horse Care and Horse Agilty activities more than we did throughout the year. but with focussing on growing riding numbers, regrettably we made less progress in this area Ihan anticipated. We are now running some regular Horse Care sessions and both Car6 and Agilily activities are an important part ol our holiday activity programs. Volunteer numbers continue to dictate the number of participants we can accommodate in each session. Recruiting more volunleers to support participant growih continues to be a challenge. More positively we have had success developing a talenled coaching team ended the year with a full-time head coach and a good variety of part time coaches. Overall, it was a great year, there is a lively and positive vibe at the ntre, crealing a great place to take part in activities, volunteer, work or just visit. I would like to tske this opportunrty to thank some of those who have helped us alon9 the way., Our staff, who have dedicated themselves to the Centrè. they have been hard working, flexible, generous and loyal. Our volunteers, who help us from everything from maintenance to supporting participants in sessions, we could not do this without them. Grant makers and private donors, the generosty we have received has allowed us to purGhase the horses we were desperate for and plug the holes in core funding. My fellow Trustees, who give their time freely and have helped me steer the Centre through another extraordinary year. Tim Parker Chairman 3rd September 2024
Scropton Riding for the Disabled Centre Reglstered Charity 1170646 Legal and Adminlstratlve Information Charity Number.. 1170646 Company Registralion Number= 10427277 Registered Office.. Scropton Horse Centre Watery Lane Scropton Derbyshire DE65 SPL Bankers: CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ Independent Examiner.. Philip Handley FCA HSKS Greenhalgh Ltd Charlotte House Stanier Way The Wyvern Business Park Derby DE216BF Directors and Trustees The Diwtors 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 Amie Walker Glynis Dalley Chair Treasurer
Scropton Riding forthe Disabled Centre Registered Charity 1170646 Report of the Trustees (Including report of the Directors) for the year ended 31 December 2023 The Ttustees are pleased to present their annual report together with the financial ststements of the charity for the year ended 31 December 2023, which are also prepared to meet the iequirements for a Directors, Report and A¢counts for Companies Act purposes. The financial statements comply with the Chanties Act 2011, the Companies Act 2006. the Memorandum arsd 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 Ihe UK and Republic of Ireland published in October 2019. Our purpose5 and activltles The purposes of the charity are.. to further the objectives of the RDA (Riding for the Disabled Association Incorporating Carriage E)riving) Charity Number 244108 to provide people with additional special needs or disabilities, the opportunity to ride andlor work wtth horses on the ground to benefit their health and well-being and achieve their goals Facilities for riding and ground-based adivities Wlth horses are provided at the Centre. The a5SiStance 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 with horses for people with physical dlsability. 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 Ridin9 and Ground-based Activitie5 Riding activities have increased by 180/0 throughout the year, from 335 sessions to 396 sessions per fortnight. Demand is still high for peak time sessions and a waiting list for these is being carefully managed. A shortage of horses and volunteers conlinues to be the limiting faclor for further growth, particularly in relation to the number of participants per session. Volunteers steadily increased throughout the year, but not sufficiently enough to meet the demand for activities. Horse Care has had a little more success than Horse Agility, focus on Ihese new activities has been limited due to the time constraints of the staff, dedicated time is needed to develop the right programs, and market them appropriately. That being said, regular Horse Care sessions have run through0 the year, and is becoming popular wrth schools. We have plans in place for 2024 to futther promote ground-based artivilies including some freelsubsidised taster sessions and short courses, buil(ling towards these activities becoming a core part of our timetable.
Scropton Riding for the Disabled Centre Reglstered Charlty 1170646 Horses We started the year with 14111 owned. 3 on loan) horses and ponies, but by the end of the year we were down to 12 {7 owned, 5 on loan). It has been a mixed year, we continued to search for more horses and ponies to build our team back up, but have had little success. We did manage to secure couple of loan horses. Sadly, we lost a long-term stalwart of the Centre, everyone's favourite pony Zeus, he saw in his 30 birthday which we celebrated with a party, but a few short months later his health let him down. He will be missed by many. There is a lot to do in 2024 to build the horse tearn back up to a number that allows growth and versatility for our clients. 11 will be a key focus for us. The balance of heights. build, abilities and age must be improved so that we can be confident we have the horsepower we need to grow activrty Eevels and meet future plans. 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 netork of support working with the Centre including vets, farriers, dentists, physios and saddle fitters. Volunteers The Centre has a large team ofvolunteers, wTrthoutwhich wewould not be able to operate. These range from volunteers working with horses and participants to those Catering in the coffee bar, helping with maintenance and supporting fundraising. We also have a few supported volunteers with additional needs who gain a great deal of indepèndence 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 Cfrordinator who provides a consistent and regular contact with all volunteers, engages in recruitment, undertakes statutory checks, arranges training and co-ordinates attendance times. It is important to us that volunteers feel part of the team and feel valued and that they play an important role in what we do. The Trustees want to take this opportunity to thank each and every volunteer, old and new, who generously donates their time to ensure Ihe Centre continues to stay open for our participants and, in addition, for providing the friendly and enriching environment within which participants can flourish. Fundlng The Centre is entirely self-supportin9, 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 and ground-based activtties, which are kept as low as possible to ensure they remain within the range of its customers. These fees alone do not generate enough lo 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. The Trustees would like to thank all those supporters that gave generously during the year.
Scropton Ridlng for the Disabled Centre Regtstered Charity 1170646 Projects Eaily in the year, the Annex was converted into a self-contained ground floor flat for the Yard Supervisor, now known as Paddock View. We now have 2 full time staff members living on site giving us additional security and providing late night provisions for our team of horses when needed. In December, worked started on the ¢omplete refurbishment of the toilet facilities on slte, both on the yard and in the coffee bar. The work completed in February 2023. This was a long overdue project, but costing a little over £50,000 it required grant funding which took time to secure. A special thanks to Severn Trerrt who funded £44.525 and the Bernard Sunley Foundation £5,000 towards this proje¢t. Activities of Scropton Equestrian Centre Ltd (SEC Ltd) All mainstream riding lessons were condurted by the tr8ding subsidiary Scropton Equestrian Centre Ltd (Company Number 03861792). A total of £72.520 {2022 £66,595) has been received from that company in relation to Charges for the use of the Cenlre's facilities and donations. Financlal review and reserves policy The core income from riding lessons and ground-based activities, together with income from SEC Ltd, and regular fundfaising 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 lo 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. The reseNes held by the ¢harity have proved to be sufficient. The level of free reserves held by the charity at the year-end is £44,582 (2022.. £42,243). The Centre's total in¢ome for the year was £320.80812022.' £242,514), costs were £312.558 (2022.. £237.5721, resulting in a surplus of £8,248 (2022- £4,942 surplus). Future plans The Centre has been running for over 55 years and the Trustees are committed to the Centre being sustainable and financially stable for the foreseeable future, providing security for the staff, volunteers and clients of the Centre. We are determined to offer a greater range of activities including Horse Care and Horse Agility to a wider range of people from within our community and beyond. We are exploring all aspects of mental wellbeing and all that being around horses can offer those suffering from poor mental health. We are also looking at partnerships with other charities that are looking for activities to offer their own Client base. And we continue to approach schools. day Gentres and care homes to offer their pupils and clients a variety of activities at our Centre.
Scropton Rlding for the Dlsabled Centre Registered Charity 1170646 Structure, Governance and Management Governlng Document Scropton Riding for the Disabled cent is a company limited by guarantee, governed by 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 ofthe Company and there are urienlly 10 Members. each of whom agrees to contribute £1 in Ihe 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 Ihe Trustees. All Trustees are also Members and support the obje¢ts of the charity, as set out above. The Trustees retire at each AE)nual General Meeting of the charity. Trustees may then stand agai 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.. an annual review of the principal risks and uncertainties that the charity may face the establishment of policies, systems and procedures to mitigate those risks ident5fied in the annual review,. and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materiali5e.
Scropton Riding forthe Disabled Centre Registored Charity 1170646 ststement of Trustee's responsibilsties The charity Trustees (who are also the Directors of Scroplon Riding for the Disabled Centre for the purposes of company law} are responsible for preparing a Trustee's Annual Report and financial statements in accordanoe with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the charity Trustees to prèpare financial ststements for each year which grve a true and fair view of the slate 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.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2019., make judgements and estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards have been followed, subject to any material departures disc105ed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charty will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posf(ion of the ¢harity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assels of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible forthe maintenance and integrity of the corporate and financial information included on the charitable company's webstte. Legislation in the United Kingdom govert)ing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report has been prepared in accordance with Ihe provisions of the Companies Act 2006 relating to small companies. By order of the Board of Truslees Tim Parker Chairman 3° September 2024
rfJDAINS Independent E¥omin¢rts Report to the Trustees of Scropton Aldlng for the Oisoblèd C•ntrè I report to tre chDrity trustees on my exominotion of the occounts of the compony for ihe yeor ended 51 December 2025 which are set out on poges 11 to 24. R¢sp¢nslbllltles and bgsls of rewt As the charity trustees Df the compony (ond olso lis dlrectors for the purposes of compony lowl you are respw5ible for the preparoiion of the occounls in occordance with the requ1mentS of the Ccrfnponies Act 2006 ('the 2006 ACY). Hoving sotisfied myself that occovnts of the compony ore not reqUId tts be ouclited under Port 16 of the 2006 AU ond ore eligible for independent examirK2tion. I report in SpeCt of my exominotion of your eompuny's occounts a5 corrped out vrKJer sett10n 145 01 the Charities Att 2011 {'the 2011 Act?. In corrying out my exominoiion I hove followed the Direction5 given by the clritY Commission vnder alon 145(5)Ib) of the 2011 Act. Independent exomlne$ stotement since the compony's gro55 income exceeded £250.000 your examiner mvst be o member of a body listed in section 145 of the 2011 Acr. I ccnfirm ihot l om qualified to undertoke ihe exomlnoEiOn because l om a mÉmber of Instilute of Chortered Accounionts In Englond ond Wales. which Is Or of ihe It5te¢J bodies. I hove tompleted my exomination. I confirm ihot no motters hove come to mu oitentk)n in connechon with the exominotion givlng me couse to believe thot in ony moteriol speCtr. occountin¢J records were nat kept in respect of ihe company q5 qUIred by settion 386 of the 2006 Act. or the occovnts do not occord with those ords.. or the accounts do not comply with the occountlng requirements of seuion 396 of the 2006 Act other than any requirernent thtst ihe occovnrs give a 'true tsnd foir view. which is not o motter considered as pctrt of on independeni exominotion.. or the accounts hove not been prepad in occordonce wth the rnethods ond prIlpIeS of the Stotemeni of Recommended Practice lor occovnting and reporting by chorilies opplicoble to choritles PprIng iheir occounts In occordunce with the Finonciol Reporting Stondurd opplicable in the UK ond Republic of Irelond (FFIS 102). I hove no concems ond have come ocross no ather motters in connection with the exominotion to whith ottention should be diowll in this report in order to enoble o proper understonding ol the occounis ro be reached. j,1 LL< Phdip Hondley FCA HSKS Gfeenholgh Ltd. Chortered Accoun11Jnts Doled.. io Chorlone House Stonier Way The Wyvern SinesS Pork Derby DE216BF rfIDAINS L 01552 200105 . eWe s.c
Scropton Riding for the Disabled Centre Registered Charity 1170646 ststement of Flnancial Activities for year ended 31 December 2023 {Including an Income and Expenditure accounti Note Unrestrlcted Restricted funds income funds Prior year funds 31 Dec 2023 31 Dec 2023 31 Dec 2023 31 Dec 2022 Total funds Income Donations and legacies Charitable activities Other trading activities Investment InGome Other Total 15,374 122,223 21,189 2,504 72,520 233,811 86,995 102,369 122,223 21,189 2,504 72,520 320.806 89,805 87,070 18,538 506 66,595 242,514 86,995 Expenditure Charitable activities Total 238,847 238.847 73,711 73,711 312,558 312,558 237,572 237,572 Net Income I lexpendlturel (5,0361 13,284 8,248 4,942 Transfer belween funds 18 3,500 (3,5001 Other recognised galns Gain on valUatiOn of fixed assets Net movement In funds 1.536) 9,784 8.248 4,942 Reconciliation of funds.. Total funds brought forward 1,042,081 6,216 1,048,297 1,043,355 Total funds carried forward 18 1.040,545 16,000 1,056,545 1.048.297 The Statement of Financial Activities includes all gair¢s and losses recognised in th8 year. All income and expendsture derives from continuing activities.
Scropton Rldlng for the Disabled Centre Registered Charity 1170646 Company Number 10427277 Balance Sheet as at 31 December 2023 Note 31 Dec 2023 31 Dec 2022 Fixed assets Investrnents Tangible assets Intangible assets Total flxed assets 997,208 998,288 997,209 998.289 Current assets Stocks Debtors Cash Total Current assets 12 13 920 859 169,861 171,440 2,000 1,004 127,266 130,271 Creditors: amounts falllng due within one year 14 51,819 10,521 Net current assets 119.621 119,749 Total assets less current liabilities 1,116,830 1.118,038 Creditors: amounts falling due after one year 15 60,285 69,741 Net assets 1.056.545 1.048.297 Funds of the Charlty Reslricted funds Unrestricted funds Revalualion reserve 16,000 199,240 841,305 1,056,545 6,216 200.776 841,305 1.048,297 Total funds 18 12
Scropton Riding for the Disabled Centre Registered Charity 1170646 8alance Sheet as at 31 December 2023 . 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 2023 the company was entitled to exemption from audit under section 477 ofthe Companies Act 2006 relatng to small companies. Directors, responsibilities: The members have not required the company lo obtain an audit of its accounts for the year in quests'on in accordance with section 476; The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of aunIs. 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 3° September 2024 13
Scropton Rldlng for the Disabled Centre Registered Charity 1170646 Notes to the Accounts 1 Accountlng Policles The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial ststements 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 aGcordanoe 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 staled in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in the financial statements are rounded to the nearest £. The charty has relied on the exemption from preparing group accounts, and therefore the financial statements reflect the results of the individual charity only. b) Going Concern The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern, due lo the level of resetves held and the resilience shown during the Covid-19 pandemic. The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the nexi reporting period. On that basis, the Trustees have prepared these financial statements on a going ¢oncern basi5. c) Income Income is recognised when the charity has enliuement to the funds, any performance conditions attached to the item of intome have been met, rt 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 recogni5ed 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 recogntsed when a legal or constructive obligation exists as a resum of a past event, and when it is mofe likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligatj'on can be measured or reliably estimated. 14
Scropton Ridlng for the Disabled Centre Registered Charity 1170646 Liabilities arising from fulure funding commrf(ments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are UnrtaIn, gwe rtse to a provision in thè accounts. which is renewed at the aCnting 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 ts no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates incurred. el Intangible fixed assels Individual fixed assets C05ting £1,000 or more are capitalised at cost and are depreciated over their estimated usefvl economic lives on a straight-line basis as follows.. Asset Category Annual rate Software 25 % Straight-Line fj Tangible fixèd 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 Freehold land & buildings Plant & Equipment Fixtures & Fittings 0/0 12.50/4 Straight-Line 1 Ooh Straight-Line No depreciation is provided in respect of land and buildings as the amount is negligible due to tho 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 Tiade and other deblors are recognised at the settlement amount due after any trade discount offed. Prepayments are valued at the amount piepaid net of any trade discounts due. il Cash at bank Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements. l) Creditors and provisions Credrtors and provisions are recognised where the chartty has a present obligation resulting from a past event that will probably result in the transfer of funds to a third patty and the amount due to settle the obligation can be tneasured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 15
Scropton Riding for the Disabled Centre Registered Charlty 1170646 kl Pension costs artrd other post-retirement benefits The charitable company operates a defined Contribution pension scheme. Contributions payable lo the charitable Company's per¢sion scheme are charged to the Statement of Financial Activities in the period to which they relate. 11 The investment in the subsidiary is measured at cost. m)The charity is exempt from corporalion tax on its charrtable activities. 2 Legal status of Scropton Rlding for the Disabled Centre The Centre is a company limited by guarantee, incorporated in England and Wales, 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 charty. 3 Income from donations and legacies Unrestrlcted funds Restricted income funds Analysis of Income Total funds Prlor year 31 De¢ 2023 31 Dec 2023 31 Dec 2023 31 Dec 2022 Donations and legacies: Donations and gifts Grants Totsl 15.374 15,374 86,995 102,369 30,205 39,600 69.805 86,995 86.995 15,374 The income from donations and legacies was £102,369 12022- £69,805) of which £15,374 was unrestricted (2022: £30,205) and £88,995 was restricted {2022.' £39,600). 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 wÈth FRS 102 and the Charities SORP (FRS 102), the economic contrÉbution of general volunteers is not recognised in the accounts. 4 Income from charitable actlvlties Analysis of Income Unrestrlcted funds Restricted Sncome funds Totsl funds Prlor year 31 Dec 2023 31 Dec 2023 31 Dec 2023 31 DeG 2022 Charitable activities: RDA Activities Total 122,223 122,223 122,223 122.223 87,070 87,070 Income from charitable activities was derived from unrestricted activities in both years. 16
Scropton Riding for the Dlsabled Centre Registered Charlty 1170646 Income earned from other tradlng actlvlties Restrlcted income funds Analysis of Income Unrestricted funds Total funds Prlor year 31 De¢ 2023 31 Dec 2023 31 Dec 2023 31 Dec 2022 Other trading activities: Hire of facilities Cafe Total 17,484 3,704 21,189 17.484 3.704 21,189 16,409 2,129 18,538 Income from other trading activities was derived from unrestricted activities in both years. 6 Other In¢ome Analysis of incorne Unrestricted funds Restricted income funds Total funds Prior year 31 Dec 2023 31 Dec 2023 31 Dec 2023 31 Dec 2022 Other: Scropton Equestrian Centre Ltd - Hire Total 72.520 72,520 72,520 72,520 66,595 66.595 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 Unrestrl¢ted funds Restricted income funds Analysls of Income Total funds Prlor year 31 Dec 2023 31 De¢ 2023 31 Dec 2023 31 De¢ 2022 Income from investments: Bank Interest Total 2.504 2.504 2,504 2,504 506 606 Bank interest was derived from unrestricted cash balances in both years. 17
S¢ropton Rldlng for the Disabled Centre Registered Charity 1170646 8 Analysls of expenditure on charltable activities Analysis of expenditure Unrestricted funds Restrlcted income funds 31 Dec 2023 31 Dec 2023 31 Dec 2023 31 Dec 2022 Total funds Prlor year Expendlture Staff Costs Freelance Costs Horse Care Feed & Bedding Equipment Rates & Water Electric Insuran Maintenan Training Marketing Administration External Fees Independent Examiner's Fees Coffee Bar Sundry Loan Interest Loss on Disposal of Fixed Asset Depreciation Total Expendlture 124,940 19,567 11.120 12.594 356 3,487 8,170 11,576 14,234 24,649 149,589 19,567 11,120 14,594 2,346 3,487 8,170 11,576 59,306 131.320 7.594 10.938 10,356 564 3,643 7,459 12,830 18,077 174 382 1.305 5,259 1,968 2,508 2,922 4,170 7,063 9,039 237.572 2,000 1,990 45,073 456 1,707 5,900 1.062 4,477 2,326 3,732 7,125 6,017 238,847 456 1,707 5.900 1,062 4,477 2.326 3,732 7,125 6,017 312,558 73,711 Expenditure on charitable activities was £312,558 (2022., £237,572) of which £238,847 was unrestricted (2022. £219,488> and £73,711 was restricted (2022.. £18,084). 9 Analysis ot stsff remuneration and expenses This Year 31 Dec 2023 Prlor Year 31 Dec 2022 Staff Costs Salaries and wages Social security costs Pension costs {defined conlribution pension plan) Other employee beneflts Total Staff Costs 143,671 3,585 2,149 123.S56 5,123 2,309 332 131,320 149,689 The charity Trustees weie not paid nor received any other benefrts from employment with the Centre, neither were they reimbursed expenses during Ihe year. No charity Trustee received payment for professional or other services supplied to the charity. 18
Scropton Riding for the Disabled Centre Reglstered Charlty 1170646 The total employee benefits of the key management personnel of the charity were £80,870 {2022'. £88,211 l and related to 3 people {2022.' 3 people). There were no employees who received total employee benefits (excluding employer pension cosls) of more than £60,000. 10 Related paty transactions There were no related party transactions in the year. 11 Investments, Intangible and Tangible flxed assets Freehold land & buildings Intangible Plant & Equipment Fixtures & Flttings Total Cost At the beginning of the year Addf(ions Revaluations Disposals At end of the year 2,OQO 955.000 17,063 63.337 38,796 1,059,133 17,063 (15,250) 48,087 (15,2501 1,060,945 2.000 972,063 38,796 Depreciation At beginning of the year Depreciation Disposals Impairment At end of the year 2,000 37,024 2,364 {3,125) 21.821 3,653 60.845 6,017 (3,125) 2,000 36,263 25,474 63.737 Net book value at the beginning of the year Net book value atthe end of the year 955,000 26,313 16,975 998,288 972,063 11.823 13,322 997.208 Depreciation Basis Depreciation Rate Straight Line Straight Line 25/0 Straight Line Straight Line 10/0 Revaluatlon - Freehold land & buildings On 9th December 2019 a valltation ofthe 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 Rldlng for the Disabled Centre Registered Charity 1170646 The company investment of £1 relates to the subsidiary undertakings of: Scroplon Equestrian Centre Ltd Nature of business." Equestrian activities Company Number.. 03861792 Registered in England and Wales Registered address.. The Riding Centre, Scropton, Derby, Derbyshire. DE65 SPL Number of shares.. 1 Class of share.. Ordinary Holding: 100% The financial statements as at 31 December 2023 show.. Income.. £72,507 Expenditure-. £72,575 Loss (£68) Net Assets £0 12 Stock 31 Dec 2023 31 Dec 2022 Opening stock Added in period Expensed in period Impaired Closing stock 2,000 8,906 19.986} 8,740 (6,7401 920 2.000 Stocks relate to haylage. 13 Debtors 31 Dec 2023 31 Dec 2022 Trade debtors Prepayments and accrued income Total 859 1,004 1.004 859 14Creditors: amounts falllng due within one year 31 De¢ 2023 31 Dec 2022 Trade CredElors Accruals and deferred income Other Creditors Bank Loan Total 1,718 40,122 524 9,456 51,819 113 1,008 405 8,995 10.621 20
Scropton RldSng forthe Disabled Centre Registered Charity 1170646 15 Credltors: amounts falling due after more than one year 31 Dec 2023 31 Dec 2022 Bank Loan Total 60.285 60,285 69,741 69,741 The bank loan in¢ludes amounts repayable of £17,37112021.' £28,916) after more than five years. Included within bank loans due within and after one year is £69,741 repayable to Triodos Bank UK. Interest on this loan is Charged at a rale of 50/0 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 8uildings. 16 Post balance sheet events There were no material post balance sheet events. 17 Analysis of net assets between funds Current year Unrestricted Funds 2023 997,209 153,661 (50,040) (60,285) Restricted Funds 2023 Total 2023 997,209 169,661 (50,040) (60,285) Fixed Assets Cash and current inveslments other current assets I liabilities Creditors more than one year Provisior)s I pensions Total 16,000 1.040,545 16.000 1,056,545 Prior year Unrestricled Funds 2022 998,289 121,050 17,517) 169,741) Restricted Funds 2022 Total 2022 998,289 127,266 (7,517) (69,741) Fixed Assels Cash and current investmenls Other current assets I liabiSities Creditors more than one year Provisions I pensions Total 6.216 1,042.081 6,216 1,048,297 21
Scropton Riding for the Disabled Centre Registered Charity 1170646 18 Movement in Funds Current year BalanGe 01 Jan 2023 Ngt Transfer In¢omSng Resour¢&s Movement Baeen RoUrceS Expensèd In Funds Funds other Gainsl ILossesl Balance 31 Dec 2023 Unrestricted Funds General Fund Total 1.042,081 1,042.081 233,811 233,811 238,847 238,847 I5,0) 5.036 3,500 3,500 1,040,545 1.040,S45 Restrlcted Funds National Lottery Foundation Derbyshire British Equestrian Fed Abellio East Midlands The Souter Charitable Trtsst Edith Murphy Foundatio Sl Jamtss Place Masonic Charitable Seve¥n Tient Water East Midlands Airport Boshier Hinton Foundation British Equestrian Fed Bemard Sunley Foundation Cons. Charity of Burton Co-op CommLJnity Fund David Solomons Tnjst Sir Jules Thom Tnjst Total 4,216 2,000 14,2161 12,0001 14.9361 {4,2161 {2.0001 4.936 3.500 4.000 7.000 2.500 5.000 40.073 1.990 1,475 2.116 5,OOC) 5,000 1,156 750 2,500 86.995 3,5 4,OCQ {3,500} 4,000 7,000 7.000 12,5001 5.000 5,000 140,0731 11,9901 11,4751 (2,1161 15.0001 15,0001 11.1561 17501 12.5001 173,7111 6,216 13,284 3.500 16,000 Total 1,048.297 320.806 312,5S8 8,248 1,056,545 The transfers beeen funds relate to restricted funds used for capital expenditure which have now been completed and as SUGh the restrictions have lapsed. 22
Scropton Rlding for the Disabled Centre Registered Charity 1170646 Movement In Funds {continuedl Prior year Balancg 01 Jan 2022 Net Transfer Incomlng Resour¢•s Mov8mont Beeen R$sources Experh$od In Funds Funds other Gainsl ILosse81 Balance 31De 2022 Unrestrt¢t¢d Funds GÈneral Fund Totsl 1.039,155 1.039.155 202.914 202.914 219,4881 219,488 16,5741 16,574 19,500 19.500 1.042.081 1,042,081 Restricted Funds National Lottery Foundation Derbyshire SDDC Helen Jean Cope RDA National Sport England RDA N81ional Co-op England National Lottery SDDC Masonic Charitable Gem & Greatest Hts Radio Blakemore FoLtndatio Abellio E8St Midlands Foundation Derbyshire Total 1,300 200 700 1,000 1,000 11,300} pool (7001 11,3DOI 17WI {1,000} {1,0001 {8.5001 {3,5001 8.500 3.500 1,000 10,000 4,000 5,000 2,000 100 3,500 2,000 39,600 8.500 3.5QO 11,0001 15,7841 14,0001 15,0001 4.216 4.218 2.OQO 12.0001 {1001 3,500 2.000 21.516 13.5001 2,000 6,216 4,200 18,084 119.500 Totsl 1,043,355 242,514 {237,572 4,942 1.048,297 23
Scropton Riding forthe Dlsabled Centre Reglstered Charity 1170646 Purpose of the Restricted Funds 31 Dec 2023 Applicatlon to British Equestrian Federation Abellio East Midlands The Souter Charitable Trust Edith Murphy Foundation St James Pce Masonic Charitable Severn Trent Water East Midlands Airport Boshier Hinton Foundation British Equestrian Federation Bernard Sunley Foundation Consolidated Charity of Burton Co-op Local Community Fund David Solomons Charitable Trust Sir Jules Thorn Charitable Trust Project Ground Based Activities Horse Power Horse Power Horse Power Ground Based Activities Core Funding Toilets Tack Club Sessions Pilot Ground Based Activities Toilets Horse Power Ground Based Activities Club Sessions Pilot Core Funding Total Total Grant 4,936 3,500 4,000 7,000 2,500 5,000 40,073 1,990 1,475 2,116 5,000 5,000 1,156 750 2,500 86.995 24