REGISTERED COMPANY NUMBER: CE028352 (England and Wales) REGISTERED CHARITY NUMBER: 1197938
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
FOR
RIDERS MINDS
Maple Accountancy Ltd Carter House Wyvern Court Stanier Way Derby DE21 6BF
RIDERS MINDS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 to 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
RIDERS MINDS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Riders Minds CIO is registered as a Charitable Incorporated Organisation (CIO). It is governed by a Constitution of a Charitable Incorporated Organisation.
The Charity trustees manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE028352 (England and Wales)
Registered Charity number
1197938
Registered office
The Dove Cote Mattersey Road Lound Retford DN22 8RW
Trustees
M Wood-Williams A Peace-Gadsby R Wynne (resigned 1.12.23) C Morris V Wright M Schleicher (appointed 19.9.24)
Company Secretary
Approved by order of the board of trustees on 20 January 2025 and signed on its behalf by:
V Wright - Trustee
Page 1
RIDERS MINDS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 31,059 Other trading activities 2 970 Total 32,029 EXPENDITURE ON Raising funds 3 20,676 NET INCOME/(EXPENDITURE) 11,353 RECONCILIATION OF FUNDS Total funds brought forward 14,541 TOTAL FUNDS CARRIED FORWARD 25,894 |
2023 Total funds £ 18,807 - 18,807 26,735 (7,928) 22,469 14,541 |
|---|---|
The notes form part of these financial statements
Page 2
RIDERS MINDS
BALANCE SHEET 30 NOVEMBER 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 27,934 CREDITORS Amounts falling due within one year 6 (2,040) NET CURRENT ASSETS 25,894 TOTAL ASSETS LESS CURRENT LIABILITIES 25,894 NET ASSETS 25,894 FUNDS 7 Unrestricted funds 25,894 TOTAL FUNDS 25,894 |
2023 Total funds £ 16,581 (2,040) 14,541 14,541 14,541 14,541 14,541 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 3
RIDERS MINDS
BALANCE SHEET - continued
30 NOVEMBER 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 20 January 2025 and were signed on its behalf by:
V Wright - Trustee
The notes form part of these financial statements
Page 4
RIDERS MINDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
2024 2023 £ £ Fundraising events 970 -
continued...
Page 5
RIDERS MINDS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024
3. RAISING FUNDS
| Raising donations and legacies Support costs |
2024 £ 9,802 |
2023 £ - |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 18,807 | |
| EXPENDITURE ON | ||
| Raising funds | 26,735 | |
| NET INCOME/(EXPENDITURE) | (7,928) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 22,469 | |
| TOTAL FUNDS CARRIED | ||
| FORWARD | 14,541 |
continued...
Page 6
RIDERS MINDS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Accruals and deferred income | 2,040 | 2,040 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.12.23 | in funds | 30.11.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 14,541 | 11,353 | 25,894 | |
| TOTAL FUNDS | 14,541 | 11,353 | 25,894 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 32,029 | (20,676) | 11,353 | |
| TOTAL FUNDS | 32,029 | (20,676) | 11,353 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 1.12.22 | in funds | 30.11.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 22,469 | (7,928) | 14,541 | |
| TOTAL FUNDS | 22,469 | (7,928) | 14,541 |
continued...
Page 7
RIDERS MINDS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,807 | (26,735) | (7,928) |
| TOTAL FUNDS | 18,807 | (26,735) | (7,928) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.12.22 in funds 30.11.24 £ £ £ 22,469 3,425 25,894 22,469 3,425 25,894 |
Net At movement At 1.12.22 in funds 30.11.24 £ £ £ 22,469 3,425 25,894 22,469 3,425 25,894 |
|---|---|---|
| 25,894 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 50,836 | (47,411) | 3,425 |
| TOTAL FUNDS | 50,836 | (47,411) | 3,425 |
continued...
Page 8
RIDERS MINDS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2024.
Page 9
RIDERS MINDS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Total incoming resources EXPENDITURE Other trading activities Purchases Support costs Finance Bank charges Other 3 Computer Costs Governance costs Insurance Accountancy fees Total resources expended Net income/(expenditure) |
2024 £ 31,059 970 32,029 10,874 102 7,136 524 2,040 2,564 20,676 11,353 |
2023 £ 18,807 - 18,807 24,590 105 - - 2,040 2,040 26,735 (7,928) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10