2024-03-31-accounts

RDA It's what you can do that counts Company number.. 5010395 Charity Number.. 244108 (England and Wales). SC039473 (Scotland) Riding for the Disabled Association incorporating Carriage Driving Report and financial statements For the year ended 31 March 2024 11111 *ADCV071C• 02110r2024 CWPANIES HOUSE A10

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Rldlng for the D15abled Assoclatlon Incorporatlng Carrlage Drmng Contents For the ￿ ended 31 March 2024 Chair's iniroduction Trustees, annual repon Reference and administrative information .20 Independent auditor's report ....................................................-............................................. .26 Consolidated statement of financial activities .30 Balance sheet5 31 Consolidated statement of cash fl¢)ws .32 Notes to rhe financial siaiemenis .33 The financial statements comply with current statutory requirements, rhe memorandum and articles of association. Ihe requirements of a direciors. report as required under company law, and the Statemeni of Recommended Practice Accouniing and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102

Rldlng for the Dlsabled Association incorporating Carrfage Drmng TfUStees' annual report For the year ended 31 March 2024 CHAIR'S INTRODucfioN Welcome to the Riding for the Disabled Association's IRDA) Annual Report for 2023124. In the last 12 months. our mission to enrich people's live5 Ihrough horses has never been more relevant. This is reflected through the huge breadth of RDA services - from therapeutic ridin9 SUPPOrting disabled children as young as four through the power of movement: to the freedom found through carriage driving for those unable to ride," to Tea with a Pony bringing happiness to the elderly. often affected by dementia and other age-related illnesses. Increasingly, people are recognising the profound benefits of the human-horse interaction which is so central to RDA'S purpose. and we play a pivotal role in demonstraiing and reinforcing the harrnony of this relationship. As a pioneer in the use of equine therapy, a leader in disability sporr, and the only Major chariry in the Uniied Kingdom {UK) dedicated specifically to the therapeutic and health benefits derived from the connection beNieen people and horses. RDA is at the forefront of responding to some of the UK'S most pressing and growing societal challenges. I was therefore honoured to be appointed as Chair of Trustees for the RDA in November 2023. and it is a privilege to lead such a highly respecied organisarion with a long-standing record of enhancing the lives of people living wilh disabilities. As Chair, one of my first priorities was to aP￿in[ our new CEO and l am delighted that Michael Bishop joined u5 earlier this year, bringing a wealth of experience across the public benefit and equine sectors. I would also like to extend my thanks and graiitude to Frances Lochrane for her invaluable service to the RDA and for taking on the role as Interim Chair through the earlier part of the year. We continue to build a stronger, more resilient or9anisation in the face of a challenging funding and regulatory environment. And as I reflett on thi5 past year, l am pleased io report that panicipation in RDA activities has seen continued growth. with over 20.000 disabled participants now experiencing the benefit and transformative relationship between people and horses. This progress is only made possible by the exceptional skills and dedication of our 13.000 volunteer5. across over 400 RDA Croups throughoui the UK and I have been truly inspired by the hard work and commitment required to achieve Ihis. often over many years and lifetimes. and forming the heart of our much-cherished RDA famity. The RDA movefflent remain$ Strong and dynamic. with many Group5 demonstrating innovation and adapiability in supporting our panicipants through a wide array of activities. This is reflected in one of the notable highlights from the past year - the National Championships - which has become a cornerstone of the many disciplines within the RDA community. from carriage driving and show jumping. through to Vaulting and Showing. Additionally, the development of the Princess Royal Coaching Academy has fostered the grofflh of highly skilled coaches. who are now sharing Iheir expertise with a broad range of participants in both ridden and non-ridden horse-related activities. for therapeutic health and wellbeing benefit.

Ridlng for the Dlsabled As%Kiation incorporating Carriage Drfvlng Trustees, annual report For the year ended 31 March 2024 As we celebrate our 55th annrversary. l am optimistic and excited about the future and the opportunities to deepen our impact. I would also like to express my heanfelt thanks to every coach, volunteer, staff member. and supponer within the RDA community - our collective achievement5 are only made possible through each and everyone's dedication and support. Thank you. Helena Vega-Lozano RDA UK Chair of the 8oard

Ridlng for the Dlsabled A550ciation incorporating Carriage Drlving Trustees. annual report For the year ended 31 Marth 2024 ANNUAL REPORT 2024 The Trusiees present their repon and ihe audited financial Statements for the year ended 31 March 2024. At Riding for the Disabled Association {RDA). our horses benefit the lives of over 20.000 disabled children and adults. RDA is the only major UK charity whose focus is squarely on the therapeutic and health benefits of bringing people and horses togeiher. Through activities like riding and carriage driving. we provide therapy. fitness. skills development and opportunities for achievement, all supported by 13.000 amazlng volunteers and quallfled coaches at over 400 RDA cenires all over the UK. These 400 centres are each registered charities and members of the national charity. This report looks ai the work of rhe national charity and the overall network in the reporting period l April 2023 31 March 2024. Comparable figures for the previous financial year1202212023) are shown alongside throughout the repjrt. l.I Purpose and aims In 2024 RDA celebrates its 551h anniversary. recognising a long history of enrichin9 the lives of disabled people through horses. RDA'5 role is to provide disabled people with ihe opportunity to engage wirh horses for the benefit of their health and wellbeing. Our Vlslon To enrich the live5 of all disabled people ihrough horses. Our Purpose To ensure that all our panicipants get an excellent experience with RDA, according to their specific need5. Our Values I. RDA is a community of people who believe that it's what you can do thar counts and who enable participants and volunteers to achieve their goals.. 2. RDA values the input of all people who are involved - participants. volunteers and paid staff.. 3. RDA ensures that development and achievement is recognised and celebrated across the organisaiion". 4. RDA aims to deliver an excellent service and experience for all participants and volunteers: 5. RDA recognises the central part that horses and ponies play in everything we do.

Rldlng for the Dlsabled Assoclatlon Incorporatlng Cavriage Drlvlng Trustee5' annual report For the year ended 31 March 2024 1.2 Our role in society RDA changes live5 across the UK. providing opponunities tQ Spend time with horse5, take part in physical exercise and equestrian sport within an inclusive and supportive community. We welcome people of all ages and abilities with physical and learning disabilities. long-term health conditions and neurodiversiiy. Our actwities enhance physical and menial healrh, build and improve skills. provide opportunities for social inclusion. achievement. and employability. RDA demon5trate5 rhat horse5 have a unioue role to play Fn addressing today's societal challenges. The need for our work has never been greater. and many RDA GfOUPS across the UK have long waiting list5. In the UK. more people than ever before are living with disabilities, long-term health conditions. and experiencing mental health challenges. According to rhe latest UK Governmeni estimates. disabled people account for 24%1 of the total UK population. This refers ro people who have a physical or mental health condition or illness thar has lasted or is expected to last 12 months or more. In this context, RDA has a clear and vital part to play in helping to address the inequalities they face when it comes to accessing activity and the natural environment. Disabled adults are almost Thyice 147.9%) a5 likely as non-disabled people to be physically inactive (Sport England, Active Lives Adult Survey. November 2022-23). and more than three times more likely to often feel lonely than non-disabled people IONS 20201. The UK Governmeni's National Disability Strategy aim5 to widen participation in sport and transform the lives of all disabled people. including those with visible and invisible impaimients and those who do not identify as disabled. RDA Groups report increasing demand for rheir services from those affected by long-term health conditions including mental health and dementia. and we are uniquely placed and trusted to support ihese participants. RDA would not exist withoui the skills and dedication of volunteers, and part of our role in Society is our responsibility to those volunteers. Volunteering offer5 people benefits and opportunities to gain confidence. acquire new skills and knowledge. get active. make friends and improve physical and mental well-being. 11 tA¥P Famlty Rtswl¢ts

Rldlng for the DIsa￿ed Assoclatton Incorporatlng Carrla9e Drfvlng Trustees. annual report For the year ended 31 March 2024 RDA 15 the only major UK charity whose focus is squarely on the therapeutic and health benefits of bringing people and horses together, and this makes a significant difference to people's lives. Our aciivities are recommended by Physiotherapists and Ckcupational Therapists. and the majority of our participants are referred to RDA by a medical professional. Many of our participants say that RDA activity is their main way of accessing physical exercise. and we have a positive. long-term impact on confidence levels. relationship building, communication skills. enjoyment and physical ability. Re9ular riding improves core strength, balance and coordination and our welcoming groups help to combat Isolation and lonelines5 and boost wellbeing and happiness. In 2024 RDA celebrates 55 years of enriching lives throu9h horses. RDA remains a pioneering force for good, positively impactin9 the lives of over 20,000 d15abled children and adults, through more than 400 group5 and 57 accredlted rkllng schoo15, all supponed by 13,000 volunteers and 2.700 remarkable horse5. 2.1 Participation RDA is committed to ensuring the needs of its 20.000+ particlpants are met through a broad range of activities (ridden and non-ridden). these are delivered from over 300.000 attivity 5e551ons. whilst addressing the inequalitie5 participants face when it comes to accessing aciivity and the naiural environment. RDA Groups deliver a broad range of activities through iheir diverse range of facilities. all are focussed on the unique relationship betsveen people and horses. These range from unique sporting opportunities to non-ridden rherapeutic sessions. Govlnd SLlrted riding as part of his therapy when he was 5. He 5ay5 If changed his life - he felt for the fir5f fime he truly belonged sOn￿￿￿ere. When he is on his horse, he forgets hAs disability and feels like a totallF differenrper50n. Riding has b005red hi5 confidence and self-esteem. He currently is a grade I classified rider and hopes ro be in Parafympic5 sOn￿daY and represent UK. Natlonal Championshlps The RDA National Championships are the biggest event in the RDA calendar. For our participants who compete. they represent the culmination of all their hard work and determination. They are the biggest equestrian event of its kind for disabled competitors. In 2023 RDA Naiional

Rlding for the Dlsabled Assoclation Incorporatlng Carrfage Drlving Trustees, anftual report For the year ended 31 March 2024 Championships returned to Hartpury University & College raking place on the 14rh _ welcoming participants from across the UK, the event included= 6thJuly 2023. 384 competitors Uuly 2022.. 350) from 86 groups (July 2022.. 83). who took pan in 12 classes Uuly 2022.. 961. covering a range of disciplines from Carriage Driving to Vaulting. using 195 horses Uuly 2022.. 1801. all of which sUPPOrted participanrs in • 634 clas5 entries Uuly 2022.. 4451. The event was live streamed through Facebook. YouTube and Horse & Country+ ro enable virtual support 111.037 view51. A participant said I have grown up wirh rhe RDA in my life," I cotsld n.de before J ever walkedl Riding gives me the freedom to feel independent, it is a specialplace to be. rhe RDA Narionals is the highlighr of my yearl love meering up wirh friends from all over rhe counrry. The achievemenr is jU5f qualifying andgetting fhere andjusr enjoying rhe experience and making sure you have funl - Virtual National Championshlps 2023 Saw RDA Virtual National Championships return for a third year running, this took place on the 18th and 19th November 2023 and was broadcast on YouTube and Facebook by Equestrian Commentators having 4.532 views

Rldlng for the D15abled Assoclatton Incorporatlng Caffiage Ormng Trustees. annual report For the year ended 31 March 2024 The event covered 8 disciplines and had 386 entries (Nov 2022.. 527) from 63 groups (Nov 2022.. 183). Akjne Coney- Nafional Championships Lead of rhe Commirree. Honorary Life Vice Presidenr, Group Chair of the 8ank Farm Group, Narional Level Driving Assessor. Showjumping Assessor- -since these Championships were introduced In 2021. theyhave proved to be a grear success. Theygive manyparticipants who cannot travelto rhe Narional chaMp￿nShIpS atHartpury the chance to compere." Tea wlth a Pony RDA created Tea with a Pony in response to the growing number of people living with dementia. for whom hor5e-riding may not be suitable but who might be helped by some other form of animal-assisted activity involwn9 horses. Tea with a Pony is a simple. yet very effective session and RDA are now inviting care home residents and those living in rheir own homes ro enjoy a cup of lea and cake. ai the participating RDA groups. whilst revisiting memories from years gone by. The programme continues to go from strength to strength with l in S groups now providing this activity. RDA a￿ incredibly grateful to Horses for Health for their support over the past t*Y> years. which has hel￿ to sustaln and grow thls programme. One lady gor so much from her session that her daughier said.. 'Ir seems ro have helped her Men￿ryI l in nor sure how. buf ir has. and. more than anything. it's been like a light has rumedback on again. Irs the warmih of an aninMI. an animal rhar rrusfs YOU - the presenr fades away and ir rakes her back tojust wam? memories" Sport England Together Fund Grants In April 2022. RDA was awarded a grant of £243.950 from Sport England Together Fund aimed at increasing physical activity. This grant spanned funding over 2022123 and 2023124 and covered 2 areas of focus.. supporting groups - through grant applications. SUPPOrting them to grow or rebuild participation by developing new programmes and activities, training volunteers and purchasing equipment. 5upponed a pilot scheme in Yorkshire - securing colleagues ro actively work alongside our regional and county volunteer teams to grow confidence. increase

Ridlng for the Disabled Assoclation incorporatlTr9 Carriage Drlving Trusiees, annual report For the year ended 31 March 2024 partrciparion. fundrarsed income and volunieers a5 well as developing new partnerships and propositions This resulted in 28 grants awarded to groups supporring Innovation to Engage and Hardship ensuring the sustainability of those groups. 2.2 Volunteers & Coaches RDA would simply not exist without the dedication of our 13.000 volunteer5 and 2.370 sk511ed coaches. We are incredibly grateful to all those who so generously give their time and expertise to support RDA participants and care for our horses, week in week out. Volunteers are the backl)one of the RDA movement. and we cannot thank them enough. Coaching RDA coaches are highly skilled and a vital parr of our volunteer workforce. In 2023124, there were approximately 2.370 RDA coaches 12023". 2,6001 trained or in training covering Carriage Driving, Riding and Vauliing across ihe UK. RDA is committed to the continuous professional development of our coaches, ensuring that RDA Coaching methods remain effecttve and ensure the best outcome for all participants. 2023124 saw the third year of our flagship Princess Royal Coach Academy {PRCA) programme aimed at developin9 our most senior coaches as mentors to the wider coaching cohort and building knowledge and insight for ihe benefit of the wider federation. This programme has developed 13 coaches and a further 7 will be developed in 2024 12 5. The programme utilised the knowledge and experience of 12 RDA coache5 to mentor the advanced coaches through the programme. These advanced coaches represent the pinnacle of RDA coaching recognition, and each shares their knowledge and passion in their region. allowing them 10 multiply their irnpact. The success of this programme will be felt in years to come. as the advanced coaches inspire enhanced trainin9 of others and encourage volunteers to follow in their foorsieps throughout their network5. One PRCA coach mentor said" 'fhe St￿Cture ofPRCA has enabled us to develop our skillset through stretching and challenging us andgiwng us new way5 of thinking about what we do. I now evaluate what I do in my coaching and how l am asking my horses and riders to perfom7.' Kady Chatman, PRCA Alumni 2024 - 'PRCA is not just about you.. it's about what you can do for others"

Riding for ihe Dlsabled Associatk+n Incorporatin9 Carrlage Driving Trustees. annual report For the year ended 31 March 2024 Coaching Conference The Coaching Conference was held over 12th and 13th November 2023 providing opportunlties for our coaches ro develop. improve and grow in confidence through acquiring new knowledge, skills and experiences. Attendance was 129 12023.. 1061. The conference provided an opportunity to recognise the valued contribution that Coaches make, with awards presented for: Coach of the year.. Young Coach of the year= New Coach of the year: Coach Mentor of Ihe year and The Extra Mile Award. Young Coach of the Year. Isla Stewart from Muirfield Riding Therapy I started volunreenng on a Saturday morning at Muirfield Riding Therapy when I was 14. Last yearl decided ro furthermy involvemenf by doing my coaching qualification. I work a5 part of an amazing team of volunteers along with coaches Kym and Caroline. Every week Iger ro coach our riders and See them progress. li is an honour to receive rhe award of RDA young coach of the year. l am delighted rhar I am being recogni5ed lor doing somerhing I enjoy andl am protsd ro be part of." Royal Recognition RDA is prNileged to have the valued support and dedication of our President. HRH The Princess Royal. Between April 2023 and March 2024. The Priftcess Royal visited RDA Groups acr055 the country= Avon Croup - to celebrate 40 years of the Group., Nantwich & District Groups to officially open a new building and facilities at Reaseheath College for RDA use and Digswell Place io celebrate 50 years of the Group.

Ridlng for the DlsalAed A55¢xlatlon Incorporating Carriage Drfving Trusiees. annual report For the year ended 31 March 2024 Presidents Awards The President's Award is RDA'S most prestigious award and is presented to a limited number of volunteers each year. Each volunreer must have completed a minimum of 30 years voluntary service to RDA. In 2023124 RDA presented 7 2 12022123.. 15) awards across the UK at various Royal visits to RDA Groups. Injanuary. five volunteers were presented rh RDA s most prestigious award, for ourstanding sernce to RDA overa period of 30 years or more. Travelling from across the UK, rhese incredible volunteers were presenred their award by RDA president HRH The Princess Royalat the opening of fhe Plarinumjubilee Stables and the Nanrwich & DiSfricr RDA Centre at Reaseheath EquesrriJn College. RDA wishes each volunreera huge congrarulations and thank you for rheir unw3venng dedicaiion. 2.3 RDA Equines In 202 3124 2.600 equlne5 had an esseniial role in delivering RDA's life changing impact for disabled people 12022".2,7431 and the welfare and wellbeing of our hoTses is paramount to our participants, volunteers and all of us at RDA. We are commitied to the highest Standards of welfare and care in the treaimeni of horses within all RDA activities and ensuring thar the horses we work with are always treated with cornpassion. kindness and respect. Charter for the Horse As responsible rnembers of the equestrian community. alongside British Equestrian, fellow member bodies and associated industry leaders. RDA has pledged to the Charter for the Horse unified approach for the ethical and fair treatment of all horses under our care. Under the six heading5 of empaihy. care. respect. consideration. ethics and learning, the Charter ouilines the actions we observe io ensure that the individual mental, physical and behavioural needs of all our horses are met. 2.4 Developing RDA RDA Groups across the UK continue to deliver life-changing opportunities for disabled people. 5UPPOrted by RDA UK, the national office. This vital support for Groups only exists thanks to the generosity of donors and volunteers. Throughout 2023124 we have focused on laying the foundations for improvements to this national 5UPPOrt for RDA Groups lour rnembersl.

Riding ft>r the Disabled A550clation incorporatlng Carriage Drmng Tru5tees' annual report For the year ended 31 March 2024 Building a Community of sUPPOrt RDA relies on the support of our volunieers. partners and donor5. and this year we attended several events to raise awareness and understanding of RDA'S work.. Charity of the Year partnerships at Bolesworth Intematlonal and Cornbury House Horse Trlals. We were delighted to be chosen as charity partner at these two prestlgi0115 events. attending both for the first time and engaging with new audiences with the support of local RDA Groups. At Cornbury House Horse Trials. we partnered with New Yatt RDA and Cotswold RDA, with the event raising over £8.000 in total. Blalr Horse Trials (Scotland) and Badmlnton Horse Trials we continued our long- standing relationships with these two major events within the equestrian calendar. welcoming hundreds of people to our stands and building our community of suppon. Great Yorkshlre Sh￿- one of the largest agricultural events in the UK and was the firsr year the show had an RDA national presence. The aim wa5 to inspire and engage wirh audiences and create a wider profile of RDA activity with dernonstration5 of Countryside Challenge and RDA Dressa9e. UK Porfon - Europe's longest running My Little Pony convention and long- standing RDA supporter. helped raise over £12.000 for RDA. London Marathon - in 2023 RDA were allocaied 6 places for the London Marathon with runners raising over £1 0.000 for RDA. including Peter McKnight. Fiancee of Paralympian Sophie Christiansen: -Having wanted to for years. lam finallyrunning ihe London mararhonl To be make it even berter Ishall be running fora charity that 15 very meaningful fo me. The RDA playeda pivotal role in my fiancee s life. Horse riding from a young age providedphysical therapy in a fun social enwronmenf and ultimarely led fo her compering in dressage. becoming a Paralynipian. and winning 8 gold medals for Grear Britain. The People's Postcode Lottery Thi5 financial year we celebrated receiving over £5 million and l O years of support by the People's Postcode Lottery. Over the last decade. therr generous unrestricted fvnding has enabled us to provide our groups with coniinued support and training which has helped enrich the lives of thousands of participants across the couniry. Equallty. Diversity & Incluslvlty (EDI) Being inclusive is at ihe heart of everything RDA stands for, and we coniinue to seek further improvemenr in ensuring our organisation is a welcoming. supportive and inclusive space for everyone.

Riding for the Dlsabled Assoclatlon Incorporating Carrlage Drmng Twstees, annual report For the year ended 31 March 2024 RDA is growing a porrfolio of case studies from wiihin RDA Croups and Accessibility Mark Centre5 designed to highlight the diverse communities that already exist in our ￿e￿Ork and 15 workin9 wsih the British Equestrian Federation IBEF) io develop and standardise methodology of gathering EDI daia and metrics so that we can show the impaci of ihe work RDA doe5 as well as share the experiences of participants.

Rldlng for the Disabled Associatknn Incorporating Carwe Driving Twstees, annual report For the year ended 31 March 2024 The Financial Statements for the year ended 31 March 2024 included in this document should be read in conjunction with this review. The Consolidated Siatement of Financial Activities shows a deficlt (net expendiiure) for the year of £222,884 12023: £649.907 deficit Inet expendiiure)) which was an Imp￿ed posltlon on the budgeted deficir of £355.500 for 2023124. The net position of £222.884 is after realised and unrealised investment movements of £94.255 gain 12023= £5 15,290 lossl. Income Total income for 2023124 increased for another year to £2.404,971 12023.. £2,365,301). RDA income is received from multiple sources which include5.' Fundraising & Sponsorship Donation5 Glfts Grants and Legacies Legacy, gifts and donaiions are by their nature variable and rn0￿ difficult to predict. Legacies comprise a major source of income and the generosity of those who choose to remember RDA in their wills remains of long-term importance io the charity. The breakdown of these income streams is detailed in Note 2 to t17e accounts. RDA is grateful for all the financial support it receives which ranges from national oiganisations like Peoples Postcode Lottery. to individual Pay As You Earn donations. all of which without. RDA would not be able to undertake the charitable activitie5 that have an impact on all. Expendlture Expenditure totalled £2,722.110 12023.. £2.499.9181, the maierial reasons for the increase on the previous year is as follows.. Resource recruitment and vacancies being filled (£164k increase in 2023124). External advisors supporting organisational and governance development (£44k increase in 20231241. GloballNational increase in all areas of cosrs impacted by boih post pandemic and the economy e.g. horse care products. utilities etc l£15k increase in 20231241. Overall grants awarded directly to groups toialled £103.267 12023= £109.492). more detail is shown in Nore 8 to the accounts.

Riding for the Disabled Assoclatlon Incorporatlng Carrlage Drmng Trustees, annual report For the year ended 31 March 2024 Balance Sheet as at 31 March 2024 The value of the charitable group's nei assets amounted ro £6,974.748 12023-. £7.197,632). a decrease of £222,884 due to the expenditure referred to above. A significant proportion of RDA'S net assets [93￿ are held in fixed a5set5. fixed asset5 are split between operational assers149.9%) and investments 150.1%). The value of investments held by the group as at 31 March 2024 was £3.237.710 12023= £3,152.911), the increase is due to in¥e5tment gains. Investments The Trusrees seek to mainrain the real value of RDA'S investrnent portfolio. while at the same time generating a balanced return from incorne and capital 9rowth. JM Finn & Co is engaged to advise the Trustees on investment matters. The Investment Committee meets regularly wilh the investment advisers to review performance and to review the investment policy. This policy accepts that there is a need to encourage best practice in socially responsible investment 'SRI". The investment policy is to have a diversified portfolio of bonds and fixed interest funds, UK and overseas equities and a proportion of infrastructure and property funds. The proportion held in equities was at 65% at the year end and ihe balance was held in bonds. infrastructure and property funds. The Trustees monitor these proportions. the portfolio performance and overall income generaied from the investmen15 on the advice of the Investment Advisers. Investment income wa5 £99.193 12023.. £101.313). Over the year ended 31 $1 March 2024 the portfolio appreciated +5.4% in iotal reiurn terms. behind the benchmark return of +9.7%. although the investment managers have continued to maintaln rhe portfolio's overall income flow over the past year. in spite of the market focus being on growth rather than income. Should interest rates fall over the coming year then investment managers are confident that ihe portfolios should perform well in both capital and income terms going forwards. Prlnclpal r15ks and uncertalntle5 The Trustees continue to monitor the major risks to which the Charity is exposed. A risk register is in place and system5 and procedures to support the mitigation of the risks faced. Key risks are reviewed during rhe year as part of a cycle of periodic review to ensure thar risks are accurate. mitigations are updated and acrioned and continue to meet rhe needs of the Charity. Risk is considered formally in the Finance. Audit and Risk Committee, a subcommittee of the board which meets at least four times a year. as well as by the full Board of Trustees. RDA'S fl¥e key corporate rlsks and associated mitigating action is ser out bebw..

Ridlng for the Dlsabled Associatlon Incorpornting Carrlage Driving Trustees. annual report For the year ended 31 March 2024 Risk Summary mitigations l. Fundfalslng Income does not provide sufficient funding for the Charity to operate. 2. Serlous Incldents impacting on Ihe safety of participants. volunteers. staff and equines. The charity has invested in additional fundraising capacity. ensuring that fundraising resources evidence the positive impact RDA activities have on participants and volunteers. RDA is committed to ensuring the safety of all involved in RDA activities (including equinesl. Routine comprehensive Iraining is undertaken. policies. processe5 and procedures are periodically reviewed and updated capturing a crisi5 rnanagement plan. The membership offer is defined and communicated to members. RDA is committed to the continuous l improvement of the delivery of the benefirs and the communication to its members. including through the recruitmenr and iraining of appropriately skilled and experienced staff The Trustees started a review of the Charity's governance arrangements to ensure they are fit for purpose and comply with the Charity Governance Code. RDA'S commitment to equine welfare 15 paramount and aligns (o standards set by governing bodies and legislation. Alongside British Equestrian, RDA has pledged to the Charter for the Horse, a unified approach for the ethical and fair treatment of all horses under our care. 3.RDA UK falls to meet expectations of federation members in the delivery of its services. 4. Governance and procedures to manage and respond to members needs are insufficient. 5. Changing societal support for the responsible use of horses (soclal liceKe to operate) result in reputaiional risk to the charity. All of RDA'S risks could poientially impact on reputation and financial sustainability." operational risks and mitigations are monitored separately and informs the corporate risk register. Reserves poll(y and ￿n9 concem The Trustees aim to ensure thai the chariry hold5 sufficient reserve5 to provide a high degree of financial resilience in the event of a period of financial difficulty. Trustees approved a general re5eTve minimum balance of S months based on current operating expenses. The aspiration is for 6 - 12 months to ensure sufficient support in response to the current econornic climate. RDA'S unrestrlaed General Funds - used for any purpose so long as it ￿et5 the aims and objectives of the organisation. These funds amount to £1 ,400.067 (2023= £1 ,791.104). representing approxirnately 5.53 rnonths 12023." 6 months) of normal business as usual expenditure. The reduction in the balance has been significantly impacted by the."

Rldlng for the LNsabled Association incorporatlng Carrlage Drmng TfUStee5' annual report For the year ended 31 March 2024 investment In infrastrucwre and resources required in 2023124 to deliver business need. The 2023124 budget captured the investment in its infrastruc(ure and resources which contributed to its budget deficit of £355.550. The Charity continues to have reserves to support investmeni in key areas and accelerate progres5 rowards its objectives as well as ensuring over 5 monihs of business cosi coverage. impact of ihe economy on donations and cosrs and increase In the % of donatlons wlth restrfcted actl¥lty. RDA'S unrestrirted Deslgnated Funds - earmarked formally for a particular purpose and can be formally unde5ignated for general fund use. These funds amount to £4.450, 118 (2023.. £4,485,520) of which £595,330 (2023.. £542.656) relares to Regions and Counties leaving a balance of £3,854,788 12022." £3.942.8641. Of the balance 68% relaies to the cost of fixed asset replacement. The Trustees keep the purposes for which the major designated funds were set up under review. to ensure that they remain relevant to the current needs of RDA. The funds held by the 17 Regions are designated to be spent in the regions where the money was raised in accordance with the objectives of the organisation. RDA continue io work with the regional teams to develop plans specific ro each region which will allow us to provide riders. drivers. volunteers and groups Wlth an excellent service and support within each region. Restrlaed Funds - Funds for a particular purpose defined by the donor and where assets must be Used in a reasonable period from receipt. These funds amounted to £1.086.328 (2022= £875.8091. Goin9 Concern The charity has budgeted for an exce55 of expendtture over income of £273.643 for the year to 3 1 March 2025. Ihis represenis a planned. considered investment in key areas. RDA has Sufficient reserves to absorb the planned deficit. In the medium term. the Fundraising Strategy aims to diversify and increase total income. The Trustees consider that preparing these financial statements on a going concern basis 15 appropriate and that there are no material uncertalntles that Impart upon the Charity's ablllty to contlnue operating. Fundralslng Practlces RDA UK takes it responsibilities as a fundraiser very seriousfy and 15 acutely awa￿ thar the work of the organisation is reliant on the goodwill and financial support of the rnany individuals and organi5ations who generously donate money to the Charity- The major forms of fundraised

Ridlng for the D15abled A550clation Incorrx)ratlng Carrlage Drmng Trustees, annual report For the year ended 31 March 2024 income are grants. major donors. corpoTate partnerships, gifts and legacies. In each case we take care io manage the expectations. requirements and wishes of the donor. The Chariiy is registered wilh the Fundraising Regulator and we make every effort to meet their standards," Llurrng the year to March 2024. we received no 12023.. nill complaints abour fundraising practices or those of anyone fundraising on our behalf. Alongside this we also ensure our fundraising practices comply with current GDPR practice. We are supported by many generous and committed individuals who raise money for RDA by taking part in a variety of aciivilies, and in these cases we provide guidance, where possible. ro ensure that they also meet the standards that we define. During the year to 31 March 2024. we did not use the services of any exiemal professional fundraisers. however we work with several payroll giving agencies to recruii regular donors to gift directly from their salaries. We also work with several companies who support us by donating a percentage of profits on specific items that are sold for our charitable activities in these cases %Ye have agreements in place on the delivery of the partnership. It should be noted rhat RDA UK raises funds to support the work described in this annual report. As a federation. our member groups raise their own funds and therefore their fundraising practices fall outside the scope of this report. However. we work hard to support our member groups, fundraising and ro ensure that they also act reasonably and in line with rhe Association's values. As part of our commitment to EDI we have joined with all Britlsh Equestrian member bodies in a pledge io.. make equestrianism representstive of ihe diverse communities around us., grow a welcoming communiiy for all who are united by a passion: ensure respect for the horse and to promote the benefits of equestrianism on mental and physical health and wellbeing. To that end we now have a dedicated working group supporting our EDI policy.

Rldlng for the Dlsabled Assoclatlon Incorporatlng Carr* Drlvlng Reference and Adrn1ntStrat￿ Inf0M￿tIOn For the year ended 31 MaKh 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Company number 5010395 Country of Incorporatlon United Kingdom Charfty number 244108 IEngland and Wales). SC039473 (Scotlandl Country of reglstratlon England & Wales. Scotland Registered office clo Veale Wasbrough Vizards LLP Narrow Quay House Narrow Quay Bristol England 854 4QA Operatlonal address Lowlands Equestrian Centre Old Warwick Road Shrewley Warwickshire CV35 7AX Within the Trustees. annual report. "RDA" and "RDA UK" are used to refer to Riding for the Disabled Association incorporating Carriage Driving. RDA UK complies with all regulatory bodies including Office of the Scottish Charity Regulator IOSCR). The activilies described throughout rhi5 report are broadly the same across all part5 of the UK however where if it is specific it is referenced. RDA works closely with all partners across the UK including HorseS(otland, Sport Scotland and Scottish Disability Sport. Trustees Trustees, who are also director5 under company law. are required to meet for ordinary meetings no less than four times per year. Those who served during the year and up to the date of this report were as follows.. 20

Rldlng for the Dlsabled A550clatlon InCO￿oratIng Carrfage Drlvlng Reference and Administrative Information For the year ended 31 March 2024 Name Role Appolntment or Reslgnatk)n In 2023124 Appointed l August 2023 Resigned 25 October 2023 Helena Vega-Lozano Frances Lochrane Simon Bragg Neil Goldie-scoi Barbara Man50n Emma Wells Ellie Orton OBE Lindsay Correa Rachel Vaughan-johns Sally-Anne O'Neill Chair Acting Chair Honorary Treasurer Honorary Treasurer Resigned 2 5 Ociober 2023 Appointed 28 June 2023 Resigned 25 October 2023 Company Secretary Veale Wasbrough Vizards LLP Executlve Team The Trusiees delegate responsibility for the day-to-day management of the charity to the Chief Executive and the Executive Team who also attend Board and Committee meetings as required. The Executive Team reports to the Board on the performance of their respective directorates and on financial and operational trends measured against the annually approved budget. Chief Executive - Mkhael B15hop Istaned 8 April 2024) Chief Operaiing Officer - Lee Heard (started 3 June 2024) Director of Finance & Resources - Ceri Walters Head of Communications & Marketing - Llsa Davies Head of Fundraising - Clare Prysbet Bankers Natwest Bank plc 59 The Parade, Leamington Spa. CV32 4ZX Sollcltors Veale Wasbrovgh Vizards LLP 3 Brindley Place. Birmingham 81 2JB Audi¢or Sayer Vincent LLP Chartered Accountants and Sratutory Auditor 110 Golden Lane, London. ECIY OTG

Rldlng for the 015abled Associatlon Incorporating Carrlage Driving Trustees, annual report For the year ended 31 Malch 2024 l . Structure, governance and management The organisation is a charitable company limited by guarantee. registered as a charity in October 1969 and incorporated in January 2004. With ihe approval of the Charity Cornrnission the registered charity number was transferred to the new company and the charity's name remained unchanged. The company is governed by its Memorandum & Articles of Association. which set out the charitable purposes for public benefit. last updated in November 2020. The RDA operates as a federation of member groups. Each RDA member group is a separate re91srered charkty that is a member of the company. operates in accordance with a standard group constitution and entered into a Membership Agreement with the company. RDA operates through 17 regions. Each region is divided into counties. Support. advice and training is delivered through the regional and county structure and directly by national office. Trustee appointments The Board of Trustees comprises both ap￿inted and elected irustees. Elected irustees serve a three-year term after which they are eligible for re-election for two furrher three-year rerm5. Appointed trustees seNe a three-year term after which they are eligible for re-appointment annually. It is RDA'S policy to recruit new trustees openly for all posts (including those voied on by members). We do this on a skills basis as a result of our annual skills audit. using appropriate advertisements to advertise the role5. New trustees are provided with a briefing. an induction, and other information to enable them to understand and carry out their role effectively. The Board of Trustees keeps under review the balance of skills. experience and diversity on the Board. This supports succession planning and helps to ensure the Board can perform effectively. Govemance arrangements The Trustees started a review of the Charity's governance arrangements to ensure they are fit for purpose, capable of supporting the Strategic Plan, and complying with the Charity Governance Code. This led to changes to the remit of its sub-committees. The Board's committees are as follows-. Flnance, Audit & Risk Committee Remuneration & Nominations Committee Investment Committee Fundraising Committee 22

Ridlng for the Dlsabled Association Incorporatlng Carrlage Drlvlng Tru5tee5' annual report For the year ended 31 March 2024 The Regional Chairs. Committee acts as a forum for our ￿￿$t senior volunteers to share Information, best practice. provide member group feedback, and support the implementation in Ihe regions. Trustee expenses All trustees give their time voluntarily and receNe no benefits from the charity. Any expenses reclaimed from the charity are set out in note l O to the accounts. ThSrd Party Indemnity Provision for Trnstees Qualifying third party indemnity provision is in place for the benefit of all trustees of the charitable company. Arrangements for setting remuneratlon The pay and remuneraiion of 311 staff. including key management personnel, is recommended by the Board's Remuneraiion & Nominations Committee and sei by the Board of Trustees. Reference Is made to market rates of pay within comparable chariiie5 when these arrangement5 are made. Related parties and relationships wlth other organlsatlons RDA 15 a member of the BEFand co-operates with orher member bodies io achieve the objectives of both RDA and rhe BEF. RDA Is a full member of the Horses in Education and Therapy International IHEfii organisation. RDA also works closely with the Activity Alliance, Scottish Disability Spon. Disability Spon Wales and Sport Nl and uses these connections to engage more closely with other organisations working In disability sporr and acriviry. The charitable company owns the whole of the issued ordinary share capital of both RDA ffiading) Limiied and Lowlands Equestrian Centre Limiied, both companie5 are registered in England and Wales. Both companies are used for non-primary purpose trading activities. A Summary of the results of RDA (Trading) Limited and Lowlands Equestrian Centre Limited 15 shown in Noie 16 to the accounts. Statement of responsibilities of the Trustees The Trustees (who are also directors of Riding for the Disabled Association incorporating Carriage Driving for the purposes of company lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Cenerally Accepted Accounting Practice) Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company and group and of the incoming resources and application of resource5. including the income and expenditure. of the charitable company or 9roup for rhai period. 23

Rldlng for the Dlsabled A55oclatlon Incoiporatlng Carrlage Drlvlng Trustees, annual report For the year ended 31 March 2024 In preparing the financial statements, the irusiees are reqUI￿d to.. • select 5Ultable accounting policies and then apply them consisrenrly- • observe the methods and principles in the Charities SORP., • make judgements and estimates that are reasonable and prudenr- state whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed, and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable ihem to ensure that the financial staiements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 (as amendedl. They are also responsible for safeguarding the assets of the charitable company and group and hence for taking reasonable steps for the preveniion and detection of fraud and other irregularities. In so far as the trusiees are aware= there is no relevant audit information of which the charitable company'5 auditor is unaware and the trusiees have taken all steps that they ou9ht to have taken to make thernselves aware of any relevant audit information and to establish that the auditor is aware of thai information. The trustees are responsible for the rnaintenance and integrity of the corporate and financial nformation 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. Mernbers of the charity guarantee to contribute an amount not exceeding £ I to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2024 was 382. The trustees have no beneficial interest in the charity. Auditor Sayer Vincent LLP has acted as the charitable companrfs auditor durin9 the year and has expressed its willingness io continue in thai capacity. The trustees, annual report ha5 been prepared in accordance with the special provisions applicable to companies subject to the small companies. regime. 24

Rldlng for the D15abled Assoclatlon Incorporatlng Carrlage Drmng Tvustees. annual report For the year ended 31 March 2024 The trustees. annual report has been approved by rhe trustee5 on 16 September 2024 and signed on their behalf by Helena Vt9a-Lozano RDA UK Chair of the Board SinK>n Bragg Honorary Treasurer 25

Independent audltor'5 report To the members of Rldlng for the Dlsabled Associatlon Incorporatlng Carrlage Drlving Opinlon We have audited the financial srarements of RKling for the Disabled Association incorporating Carriage Driving (the 'parent charirable company,) and its subsidiaries (the 'group'l for the year ended 31 March 2024 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheet5, the consolidated statement of cash flows and the notes to the financial statement5. including significant accountin9 policies. The financial reporting framework thai has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The FinancthlRewrting Srandardapplicable in the UK and Republic of Irelandlunited Kingdom Generally Accepted Accounting Practice). In our opinion. the financial statements.. Give a true and fair view of the state of the group's and of the parent charitable company's affair5 a5 at 31 March 2024 and of the group's incoming resources and application of resources. including Its income and expenditure. for the year then ended Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice Have been prepared in accordance with the requirements of the Companies Act 2006. the Charities and Trustee Investment (Scotlandl Act 2005 and regulations 6 and 8 of the Charities Accounts Ikotlandl Regulation 2006 las amended) Basls for opinlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibililies under ihose Standards are furrher described in the auditor's responsibilities for the audit of the financial statements SeCt￿n of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audii of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirement5. We believe that the audit evidence we have obtained is sufficient and appropriare to provide a basis for our opinion. Conclusions relating to going c¢Mcern In audiiing the financial statements. we have concluded thai the trustee5' Use of the going concern basis of accountirtg in the preparation of the financial Statements is appropriare. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on Riding for the Disabled Association incorporating Carriage Driving's ability ro continue a5 a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the rrusiees with respect to going concern are described in the relevant sections of this report. 26

Independent audltor's report To the members of Rldlng for the Dlsabled Association Incorporatlng Carrlage Drl¥ing Other Information The other information comprises the informarion included in the trustees. annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our responsibility IS to read ihe other inforrnation and. in doing so, consider whether the other information is rnaterially inconsistent with the financial statements or our knowledge obtained in the course of ihe audit or othetwise appear5 to be materially misstated. If we idenrify such material inconsistencies or apparent material rnis5iatemen15. we are required to determine whether this gives rise to a maierial misstatement in ihe financial statements ihern5elves. If. based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report thai fact. We have nothing to repon in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit". The information given in the trustees. annual reporr for the financial year for which the financial siarements are prepared is consistent with the financial statements The trustees. annual report has been prepared in accordance with applicable legal requirements Matters on whlch we are requlred to report by exception In ihe lighr of the knowledge and understanding of the group and the parent charitable company and its environment obrained in the course of the audit, we have not identified material misstatements in the trustees, annual report. We have nothing to reporr in respecr of rhe following matters in relation to which rhe Companies Act 2006 and Charities Accounts (Scotlandl Regulations 2006 la5 amended) requires us to report to you if, in our opinion.. Adequate accouniing records have not been kept by the parent charitable company, or return5 adequate for our audit have not been received from branches not visited by us- or The parent charitable company financial staternents are not in agreement with the accounting record5 and return5'. 0 Certain disclosures of trustees, remuneration specified by law are not made- or We have noi received all the information and explanations we require for our audit., or The directors were not entitled to prepare the financial siatement5 in accordance wilh (he small companies, regime and take advantage of the small companies, exemptions in preparing the trusrees, annual repon and from the requirement to prepare a strateglc report. 27

Independent auditor's report To the members of Rldlng for ihe Dlsabled Assoclatlon Incorporatlng ca￿lage Drmng Responslblllties of trustees As explained more fully in the statement of trustees. responsibilities set out in the trustees. annual report. the trustees Iwho are also the direciors of Ihe parent charitable company for rhe purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal conirol as the trustees determine is necessary to enable the preparation of financial statements thai are flee from material misstatement, whether due to fraud or error. In preparing the financial statements. Ihe irusiees are responsible for assessing Ihe 9Toup's and the parent charitable company's ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accouniing unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilltles for the audit of the financial statements We have been appointed as auditor under section 44{1 l{c} of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under ihose Acrs. Our objectives are to obtain reasonable assurance about whether the financial starements as a whole are free from rnaierial misstatement. whether due to fraud or error. and to issue an auditor's report thai includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will alway5 detect a material misstatement when it exists. Missiatements can arise from fraud or error and are considered maierial if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statement5. Irregularities, including fraud. are instances of non-compliance wirh laws and regulation5. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedure5 are capable of derectin9 irregularities. including fraud are ser out below. Capability of the audit In detecting irregularlties In ideniifying and assessing risks of material misstatemeni in respect of irregulariiies, including fraud and non-cornpliance with laws and regulations. our procedures included the following." We enquired of mana9ement. and the finance commiitee. which included obtaining and reviewing supporting documentation. concerning the charity's and group's policies and procedures relating to.. Identifying. evaluating, and complying with laws and regulations and whether they were aware of any insiances of rton-compliance., • Detecting and responding to the risks of fraud and whether they have knowledge of any actual. suspected. or alleged fraud". • The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. 28

Independent auditorfs report To the members of Ridlng for the Disabled Assoclation incorporatlng Carriage Drfvlng We inspected the minutès of meetings of those charged with governance. We obtained an understanding of the legal and regulatory framework that the charity and group operates in. focusing on those law5 and regulations that had a material effect on the financial statements or that had a fundamental effeci on Ihe operations of rhe charity and group from our professional and sector experience. We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audtt. We reviewed any rekiofis made to regulators. We reviewed the financial statement disclosure5 and tested these t0 5UPPOrting documentation to asse55 compliance with applicable laws and regulations. We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. In addressing the risk of fraud Ihrough management override of controls. we tested the appropriateness of journal eniries and orher adjustments, assessed whether the judgements made in making accouniing estimates a￿ indicative of a potential bias and tested significant transactions that are unusual or those outside the norrnal course of business. Because of the inherent lirnitaiions of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in rhe financial siatements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transaction5 reflected in the financial statement5, as we will be le55 likely to becoffle aware of instances of non-compliance. The risk is also greater regarding irre9ularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery. collusion. omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website ar." N*Nvw.frc.or -uk auditorsres onsibilitrek This descrtptton forms part of our auditor's report. Use of our report This report Is made solely to the charitable companWs members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 4411)Ic) of the Charities and Trustee Investment (Scotlandl Act 2005. Our audit work has been undertaken so that we might 5rate to the charitable company's member5 ihose matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's rnembers as a body. for our audii work, for this repon. or for the opinions we have formed. Fleur Holden (Senior statutory auditor) Date 30 Septernber 2024 for and on behalf of Sayer Vincent LLP. Statutory Auditor 110 Golden Lane, LONDON, ECIY OTC Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006 29

Rlding for th¢ Dl$4bl¢d Assoclatlon Incorpotating Carrfiag¢ Dvmng Consolldat¢d siemont of flnanclal finrorporatlng an Incoffle and expendttute ¢couni) For the eav ended 31 14arch 2024 2024 2023 Total ilnrostiKted Restricted Total UDre5tricted R%ÈriCted 14ote Income From.. Donarions and le0ac￿% 1.415,921 $46.946 1,962.167 1.498.266 274,937 1.773.203 Support for Groups Supp)rt for Volunteers Support for Participan15 Naiional Yiaining Cenire Othei trading &ttivitiÈS Inve5ttnents Other income 71.940 71.940 95.740 291 54,409 17,104 148.J21 68.54$ 175.120 95,740 291 54,409 17,104 76.012 18.363 125.338 88.950 50.930 76.012 18,363 125,338 99.193 51,127 1 0.243 197 12.768 Total Incom¢ 1.847.585 S57.386 2.404.971 2.077.596 287.70S 2.365,301 Expendituro on.. 470.043 3,055 473.098 470,316 470,316 Chariiable aciivitie5 Support for Groups Supporr for Voluntters Support for Participanis Naiivnal Training Ceniie 591.898 486.526 252.526 55B.065 108.966 174.345 65.117 11.569 7(Kl,864 660.871 31 ?.643 569,634 519.489 549.369 231.686 439.738 63?,062 692.396 245,506 459,638 143.027 13,820 19,900 Total expendltu 2.J59.058 363.052 2.722.110 2.210.598 289.320 2.499.91 Net (expendltuv) I Income befo￿ net 9•Inslllosses) on Ihvestmenis 1511.473) 194.J34 (317.1 J91 I133.￿2) Ner gain5111ossesl on investmenis 84.484 9.771 94.255 (447.3661 (67,924) (515,2901 Met lexpeDdiiur¢) I finwme for the year (426.989) 204.105 Q22.8841 1580.3661 (69,539) 1649.9071 Transfers be￿een lund5 26 16.414) 6.414 44,442 (44,442) 14Et mo¥ement In fund5 1433.403Tr ZIO.519 922.884) 1535,9261 1649,9071 econciliatSon of fund5'. Total funds broughi foA¥ard Total fvnd5 rarried fonw•rd 6.3?1.823 875,809 7,197.632 6.8S7.749 989.790 7.847.539 5.8B8.420 1.086.328 6,974.748 6.32 1.823 875.809 7.197.632 All ol Iht rn5uIt5 dtrr•¢d froffl coniintsln9 ¥xIN4t￿5. ThErewer IiOOther recow5ed gwn5 or losses other ih•n ih05e sta￿d abo¥. MLwemEnis in fu￿d5 ar* d1￿￿5¢4 In Not¢ 27 to the fina￿1￿ Stat•￿￿1$_ 30

Riding for the Disabled Association IncoTporaiing Carrlage Drlvlng Balance sheets Company r￿. 501039S M h2024 The group 2024 The charity 2024 2023 2023 Note Fixed assets- Tangible asset5 Investments 3.232.455 3.237.710 3.289.947 3.152.911 3.232.455 3.237.713 3.289,947 3.152.914 6.470.16S 6,442.858 6.470.168 6.442,861 Current assets". Stock Debtors Cash at bank and in hand 7.349 552.203 567.538 8.299 483,061 947.43 1 6.807 577.004 497.731 7.759 491.988 887.666 1.127.090 .438.791 1.081.542 1,387.413 LlabSlllles: Creditors.. amount5 falling due within one year 20 535.007 526.517 527,697 520,341 Net current assets 592.083 912.274 5S3.845 867.072 Total assets less curr*nt liabllitles 7.062.248 7.355.132 7,024,013 7.309.933 Creditois.. amounts falling due after one year 22 87.500 57.500 87.500 157.500 Total net a55ets 6.974,748 7.197.632 6.936.513 7,152,433 Funds: Restricted income funds Unre51ricted income funds". Designated funds General fund5 Non-charitable trading funds Toial unrestricted funds 25 1.086,328 875,809 1.086.328 875.809 4.450.118 1.400.067 38.235 4.485.520 1.791.104 45.199 4.450.118 1,400.067 4,485,520 1,797,104 5.888.420 6.321.823 5.850.185 6,276,624 Total funds 6.974,748 7,197,632 6.936.513 7.152.433 Approved by the irustees 16 Sepiember 2024 and Signed on their behall by Helena Ve9a-Lozano Chair Simon Bragg Honorary Treasurer 31

Rldlng for thE IA$4bled Asso¢Oatlon Incorporatln9 Car￿age Trfvlng Coh5011da¢td Siattment of tash flows For the ar ended 31 March 2024 ￿￿on(I11￿110n of net income I lexpe#dlturnl io net cash frorn operatyrby artl¥ltlÈs 14oie 2024 2023 Cash flow5 from operaring ￿tlY{tIeS Ner expenditure far the rÉpDrting penod las per the siatement of finaniial aciivit¢esl Depreciaiion charges IGains)Ilosses on investrnents Dividends aTrd Inierest from investrnents Profit on the disposal of lixed as5et5 ()ecrea5e In siock5 Ilncreaselldecrea5e in debtors IrKrea5e in crediiors 22.8841 101,216 194.2551 (99.1931 18.6101 950 169.1421 8.490 1649.9071 97.351 515.290 Jl.044 51.403 Net cash used in operating aclivities 1383.428) 1207,270) Cash flow5 from Invtstlny attmtlts.. Oividtnds al￿ Interesr from invesrmenis Proceeds from the Sale of fixed assets Purchase of fixed assets Proceeds from sale of invesirnents Purchase of Invesimenrs 99.193 T4.210 149,3241 647,282 1631.749) 101,313 699.709 178,1021 671.799 1873.8751 Nei (ash prn￿ded by In¥esting artivities 79.612 520,844 Cash flows from financing aCtivillÈs". Cash outflow". repayment ol loans 170.0001 1689.3861 Nei cash used In flnanclng arti¥itye5 {70.0001 1689.386) Change in ¢3sh ¢4ul¥althts tht year 1373.8161 1375,812) Cash and cash equivalen15 ar rhe beginning of ihe year Chan9e in tash held by investment broker pendir reinvestment ai the end ef the year 947.431 1.193.177 16.07 130,066 Cash and rash e4u1v￿Q￿ts at the end of year 567,538 947,431 An￿V>1$ of cash and cash equlvlnts and of net de Al 31 March 2024 At l April 2023 Cash flows Cash ai bank and in hand 947.431 1379.893) 567.538 Total cash ar￿ (ash equr¥alen 947.431 1379.893) 567,538 Loans falling due ￿thin one year Loan5 falling due after more than one year 170.000) 1157.500) (70.0001 187.5001 70,000 Tol 719.9Jl (309,8931 410.038 32

RldlTrg for the D15abled Asyxlavon Incorp￿atIng Cathage Notes to the nttanclal st•t¢ments For the ar ended 31 March 2024 l Accounting PDllcles a) Stat¥t0ry information Riding for the Disabled A550riation Incorporatsng Carriage Drmng is a charitable rompany limited by guarantee antl is incorporated in the United Kingdom. The reg15rered offite address is CIO Veale Wa5brough Vi2ards LLP. Narrow Quay House. Narrow (￿ay. Bristol. 8S4 4QA. The principal place of busine55 is L¢)vAands Equestrian Centro, Old WaM£k Road. Shrewloy. wa￿1(k. CV35 7AX. bl Ba$15 of preparation The finan<ial staternent5 have been prepaied In ￿[Ordance wtth P&countin9 and Reportin9 by Charities. Statemeni of R￿OrnMended Practice applicable to charits pTeparing their accounts in accordanct with the Financial Reporrin9 Standard applicable in the UK and Republic of Ireland (FRS 102) (Charilies SORP FRS 1021. Ihe Financial leponirig Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. A5set5 and liabilities are iniiially recognised at historical cosi or iransacrion value unless othenwise stared in the relevant accounting policy or note. These Financial statements <on501idat¢ the rÈsuIt5 of the chariiable company and it5 V4holly-owntd subsidiarks RDA (Trading) Limited aThd L(w4lands Equestrian Centre Lirnittd on a line by line ba515. Tramsactions balanies between the charitable company and its subsidianos have beefi tliminated from the tonsolidated financial staiements. 8alances bttween the charitable company and its subsidiaries are disclosed in the notos of the charitable company s balance sheet. A separaie statement of f1nancial artivitits, or income and expet)diturE atcount. ftF the Ch￿ilable company itself Is not presented because ihe charitable company has taken advantage of the exemptions afforded by section 408 of ihe Companies Aci 2006_ In applying the financial ieponing framework. the tru5tee5 have made a number of 5LtbiEaive iudgernents. for example In respe ¢f $1gniPicant aciountin9 estirnares. E5timat5 and judgemEnis are continually evaluated and are based on hlstorical experience and other fa¢rors. intluding expectations of future events that are believed to be roasonable under the circumstance5. The nattsre of the eSLimaiion means the actual oui£¢mes could ijiffer from those estimates_ Atr)y $19nificat)t estimates and judgements affecting thest financlal statÈments are detailed withirt Iht relevant ac(out)ling wjlicy below. r) Publ1¢ benefii entity The charitable company meets the definition of a public benefit eniity under FRS 102. dl Going toh¢¢rn The trustee5 ronsidtr that thoro art no matewial ynrertaintits about ttTro charitable compart￿s abllity to continue as a goin9 concern. The irustees do nor corlsider thar rhere are any sources of e5timaiion unrertainty at the reporting dale that have a significant risk of tausing a maierial aLSJu51meni io the cJrwng amoLJnrs of as5et5 and l￿biliti￿￿ wiihin the nexr repDrtimg period. el Income Income is rKogni5ed when ihe charity has eniiilernent to the fund5. any ptrfoimance conditlOn5 attached to the income have been mèt, it is probablt that the Income will be reteid and that the amount can bÈ mÈasured rtliablv. Intomt from governmeni and other grant5, whether 'cariial' gr4nis or'revenuo. 9ranrs. Is reco9nised the charity ha5 entitlement to the fund5, any performance conditlOll5 attaihed Eo ihe grants havo been met. it Is pTobable that the Income YMII be rKeived and the amount can be measured reliably aThd is Thor deferred. For legarie5, tniitlement 15 taken as the tadier of the date on which either.. the charity 15 ware that probate has been granted. the tstate has been fina115ed and notifitaiion has been made by the exetuiorlsl to the rharity that a di51ribution will bt madt, Or whon a distribution is rttoived from the estate. Receipi gf a le9a(y, i• whole or in part. is only considered probable when rhe amount ¢an bt measured reliably and the chawity has been nOtif￿d of the exetutOT'S Intention to make a distribut￿11. Where legacies have been norified io the charity. or the rharity 15 aware of the graniing of PTobatÈ. and th2 riiieri4 for in¢gm¢ recoonition have not been met, Ihtn the legaiy is a treaieé as a contingeni a55ei and disc105ed if material. Inrorne received in ad¥ance of the prwsion of a specifd service is deferred uniil the criteria for incorne reco9niiion are mei. D Donations of gffts. seThkes and fac1161fjes Donated pr¢fe55ional 5ervice5 and donated faciliiits are recognised a5 inrtyme when the thariry has rontrol over the item or received the service, any condition5 a550ciated ￿th the donarion have been met, the receipi of economic benefit froffl the use by thé tharity of the nern is probable and that economic beneht can be measured reliably. In accordance wirh the Charitiès 50RP IFRS 102), volunteer rime 15 nor recogni5ed 50 refer to the tru5ree5' annual reporr for fflore inforniation aboui their contribuiion. 91 Inrere5t recelvable Interest on fund5 held on dèposit is irKluded when receivable and rhe amounr ran be measured reliabty by thr charity". thi5 15 normally upon notificaiK)n of the interest paid or payable by ihe bank. 33

RSdlng for th tlisabled Issoclatlon IncorporatlThg Carriage Or6vin9 N¢¢es ro the 5¢atefflents Fort ar l Mawch 2024 l Atcountlng pollde5 l¢ontlnued) h) Fund accounilng Restricted funds are io be used for swifK purposes 45 la￿ down by the donor. Expenditure which metts thEse critèria is chargetl to the fund. Lknrestricted funds are donath)ns and other incomin9 resources rt¢eivÈd or 9eneiaied for ihe charitable purposes. Designated funds are unrestrirted funds earmarked by ihe trustees for parricular purptssts. Expendiiure and irrffoyrable VAT Expenditure Is recognised once ihere is a legal or ronstrucrNe oblffjaiion to make a paym￿￿1 to a third pany, it is probable that settlement will be required and ihe amourbr of the obligaiion can be ffleasured reliably. Exp¢ndiiure is cla55ifi¢d under the following acrivity heading5 Costs of raising funds relare to ihe cosis incurred by ihe charitable company in inducing third partie5 rl) make voluntary coniriburions to IE. as well a5 the cost of any attiwries With a fundraisin9 purpose and their associ4red 5UPPOrt tosts-. Expenditurt on charitable aCtI￿rIeS includes the c05t5 of deliwrin9 seNces undertakn to further tht purposes of the charity and their a550¢iated supptsn rosts. Irrecoverable VAT 15 charged as a 1051 against thE actiwty for whKh the expenditure was incurrtd. eiiher direttty or indirealy bv Iht allotatio# of support costs. J) ￿19￿11•￿ of support and go¥erMfi¢ ¢osts Resources txpended are allocated io the particular actiwty whtre the c05t relates dirtctly to thai activity. Htrwtver. the cost of overall direcrion and adrninistration ol earh attl￿ty. comprising ihe salary and overhead costs of the central function. is allocated in proportion to the dSrÈtt costs In¥0￿ed. Governance costs are the costs associated with the 9o¥rnance arrangements of the charity. These costs are 4550Ciated with constilutional and siatutory requirements and include any c0515 associated wih the strategic management of ihe charity's k) Cr•nis payable Gran15 payable are made to third gartres in fvrtherance of the charitys objects. sing￿ ¢N multi-year grattts a￿ accounred lor when either rhe retipitnt has a reasonable expÈrtation that they knll reteivt a grant and ihe Irustees have agreed to pay ihe grant without condition. or the recipienl ha5 a reasonable empectaiion that they will receive a gran¥ and thai any condiiion ariaching ro the grant is outside of rhe contrd of the <harity. Provisions For 9ranrs are m3de when the inrention to rnake 4 9raTrt ha5 been Comrnunltat￿ to the re¢ipienl but there is uncerrainry aboui either ihe tirning ot rhe gTrnt or ihe amount of grant payable. 11 Operailng Ita5e5 Rental charges are Charged on a strai9hi line ba515 ovor the trrm of the le4M. ml Tangible fixed assets iiems of equipment are capilalised where the purchase price exceeds £1.0￿. Depreriorion r05ts are allo(ared ro artivities on the basis of the use of ihe relared a55ets in rhose aCti￿rieS. Assets are re￿￿ed for impairrnent If £ircumsiance5 indicate thÈlr carryirbg value rn3y exceed their nei reali5able value and Value in use. Major cornwnent5 aTe tfeated a5 a separate a55et vihere they have significanily different patterns of consumption of economic btnefits and are deprociattd separaiely ovor its useful life. Oepr(iatlon is prowded at rates talculattd to write d￿￿ ihe cost of ea(h asset to lis estimaied residual Value over its txpÈcted 115eful life. The depreciation rares in use are a5 follows.. Freehold and leasehold property Leasehold irnprovÈments Equine and Riding Equipment Fixrures, Firrin95 and Offite Équipment 50 ve4rs 5- IOye4r5 I tOlOyew5 Up 10 5 year5 n) Usted investmtnts Investments are a form of basic financAI insrrument and are trnitially re(09nised at their tran5aciion value and 5ub5equentlv rneasured at their fair value as at the balance sheei dale using the closing quoted market price. Any change in fair value will be reco9nised In the statement of financial actlvities and any excess of fair value over the historic cost of the investmtnts will be included within gereral reserves in rhe balance Sheet. Investrnent gains and losses are shown In the headiny "Nei yains11105sesl on Invesirnent5" in rhe 51atemenl of fbnancial acil￿tieS. The challty doE5 atquire put OPlion5. derivatives or other complex rinancial in5trumenis. Invsiments In subsldlarles In¥e5tments in subsidiaries are at cost. 34

Rldln9 for the Disabled Assotlatlon Incorporatlng Carriag OrMn9 hTotes to the fiTranfi•l 5tattrnents For Ih ar efidtd 31 March 2024 l Accounting policie5 Iconiinuedl ol Stocks Stocks are stated ai the lower of cost and net realisable value. In general. cosi Is determined on a firsi in fir51 Out basis and includes transport and handling costs. Nei realisable value is the price at which 5rrxks can be sold in ihe normal course of busintss aftr allowing for the costs of roalisation. Protrisioth is made where necessary for obsoleie. slow mowng and defecrive siocks. pl Oebtors Trade and ottr dÈbtor5 are rerognised at the settlement amouht due after any trade discount offered. Prepayments are valued at the amoynt prepaid of any Irade distounts due. ql Crediiot$ and provisitin5 Creditors and provisions ale recognistd where rhe rharity has a Preseni obligation re5uhing from a past e4tnt that ￿11 probably re5ulr In ihe transfer of funds ro a third parly and ihe amount due io settle the Obligat￿On can be meastsred or e5tirnated reliably. Crediior5 and provi5tons are normally recogni5ed 41 Iheir stlllernent amount aftei alloTrring fof any trado discount5 due. r) Flnanclal Instruments The charity only has financial a55et5 and financial lknibilitle5 of a kind ihat Qualify as bas￿ financial instruments. Basic financial nstruments are initially recogni5ed at tranSaCt￿n and subsequently measured at their seitlemenr valtse with the excewion of bank loans which are subsequently measured at amortised c05t USln9 the effective Inte￿$1 merhod. s) Pensions The charity operate5 tyyo defined coniribution pension schemes for the benefit of its 5raff. The penslon C051 charyed in the staiemeTht of financial acriviiies is rhe amount of the contributions payable for ihe year. Difference5 bEtween contributions payable foi the Year and contribuiion5 aciually pa￿ are shtyn a5 either attrua15 or prepayments in the balante sheÈt. 2 Inrorne from dohatlons and kgaries 2024 Tot￿ UThrestYirted 2023 Total Unrestriaed Resrricted Re51ricted Cifts and grants Le9a£1ts Fundraising and 5ponsor5hip 1.052.744 294.734 68.443 264.th)1 208.724 74.221 1,316.745 503.458 142.664 961.622 329.790 206.854 232,842 15.000 27.095 1,194,464 344.790 233.949 1.415,921 546.946 1.962.867 Tr.498.266 274,937 1,773,203 35

Riding for the D15ablod A55ori•llon inco￿￿￿1￿9 Carriigt Drmhg Notes to the fln•nclal statemonis ar ended 31 Ma 3 Incom¢ from charbtknle aCtI￿￿e$ 2024 2023 Member group5. 5ub5crioions 71,940 95.740 Sub-iotal for Supporr for Groups 71.940 95,740 Dressaqe income 291 Sub-total for Support for Vdunteers 291 National Champiot)ships Edutatlon income Coaching income Acce55ibility Mark 58.732 1.525 16.060 13051 42.553 2,154 7.802 1,900 Sub-rolal for Support for Participants 76.012 54.409 Horse and ￿n￿￿ hire 18,363 7.104 Sub-toral for Natioftal Training Centre 18,363 17.104 Toral irK¢me frgm Charitab￿ actbvitie5 166.446 167.544 All incorne from chariuble adivbte5 15 unrestrKted in both peilsxl5. 4 Income from other irading artlvittes 2024 2023 Rental income sale of gifts afid Christmas cards Comrnercial equestrian attivities 36.355 4.557 84.426 36,096 5,987 106.038 125.338 148.121 l income from other trading activities Is unresiricted in boih Per￿S_ 5 Income from In¢stm¢nts 2024 Total Unrestricted 2023 Total Unresiricttd RèstiKted Re5tricied Income from lisred inv¢stmtfits 88,950 10,243 99,193 88.545 12.768 88.950 10.243 99.P9J 88.545 12,768 101.313 6 Other inrome 2024 Total Unrestricted 2023 Toral Unrestrirte Rtstricted Entry fees incorne - reyional e¥enis Profil on disposal of fixed assets Other Income 20.427 8,610 21,893 197 20.624 8.610 21.893 15.983 153.187 5.950 1 5.983 153,187 5.950 50.930 197 51.127 75.120 175,120 36

Ridlry furlhe D5ablEdA55oKb?D IMurpylltrgQrr NolES to the nMn(141 st4tom•rtf Fortht arondod 11 kla￿h 2 24 7a Anth%is•leAofvdftfft CDStd siryfu￿5 5wJrtloi Suppvrt try far Supp￿ry(￿st$ To￿1 159.976 261.174 225.738 151.jlo 1.262.444 1,098,194 CraMs ro9f¢uPS g> Atgitsns 9OuPS Nallon¥ C￿MP￿￿5￿1p% co￿h1￿ quilifKADon5 In￿St￿l￿t m•ni9¢fflen¢ Leyil and prof155￿￿1 66.717 375 gB.375 J.w 21.040 go.i59 24.41D 67.413 Si.609 5B.609 46.664 t4.190 57.JOI 48.>a6 rchaT9Èd 4.575 7Q.042 DepT￿la￿l0￿ ITrerovEiiW¢VAT All tus￿ (SeE bEhr) 4fj.J24 69.426 69,426 16. 361.5 3￿.05> 247.892 344.213 2.499,918 SupportC05ts &Iocarw)n I49.0É7 267.612 55.522 179.435 4B.459 45.916 Total¢xWndltu￿ Z024 4n.09B fjfjQ.171 JiP.64J S69.6J4 Tutal ExpEnditwE 202] 6J2,062 692.396 745.506 2.49>,91 -"AII OThorcosis' offlct t¥pwdt5. tht C4lJU of SL*S4I4tyuftdt￿l￿rys. rr. y•fr5sb)Nl 17

Rl0Sng forthe D154bled A5yJc5￿n lTrrorpN•tlng Qrrl•9e NOTr$ 14 the nnartial startrrtms 7b Analys15 Olexper￿ll￿rt (we¥bous >¥) C05toF for ￿r￿t for rwgn9 fund5 unteers NatNThl G￿rnIn(e Tr￿￿fi9 Centre <osts pport COS¢5 2023 To Stallcosts (Note i 11 Gran15 tu groups (Nole 91 RÈ9IOnS Support For ¥rtyJ Nationil champ1D￿shIps Coaching and qualificati¢yns In¥t5tmeDt rnanagement Leg¥ professiortdl Publi<ity. F￿ndraIsing & E¥eThts Trwniry & Tra¥el 219.￿* 152.947 I￿.492 I￿.fj36 316.122 47.3k9 18S.645 85.567 1.091.394 109.492 100.636 131.269 I17.￿6 117.796 24.420 103,496 B9.056 82.951 53.490 24.420 103.496 89.OS6 30.745 31.946 19.267 53.4 14.177 g¢e knwnienarKe Insurance Insv¢aiice recharyed 56.444 40.975 5.52B 49.679 40.975 25.528 5.156 Bank loan Interest DtprKlatlon Irrrfoverable VAT l Qlhtr c05¢5 15tt 4S.477 8.565 6.282 9.928 204.599 308.099 402.385 197.855 30S.671 603.552 2,499.918 t4STS 175.7S4 149.383 G¢Nernante (0515 allotaliL4ry 38.08$ $3.92) 45J32 36.148 Ta￿ Expend￿re 2023 470.316 632.￿2 692.196 24S.SC Is9￿38 2.499.918 "All other 10515. Induths dePr￿￿tiOn. dfict Ex￿￿Se5. I￿{05t5 of sub5￿1￿ryu￿dErtakIryS. tt. proftSSWJnal thsots etc. 3B

Riding for the ￿sabled Assocbatlon Intorporattng Carrlage Drl¥lng Notes to the financlal staiements For the ar I IAarch 2024 Grant maklng Grants to instiruiions 2024 2023 Cost Grants io RDA member groups 103,267 109,492 103.267 109,492 Grants are part of ovtfall support for groups - see note All of ihe gran15 to insiilutions are made tr) RDA member groups. Grants were made as follow5.' North Cornwall RDA 9roup Newbury RDA group Horse Rangers RDA group £li5aberh Curtis RDA gfOIIP Penniwells RDA group Wakefield RDA group Wansdyke RDA group West Norfolk RDA 9roup The Cavalier Centre RDA group Reach RDA group Abin9don RDA group Greenwood RDA group Hawonh RDA group 8roadlands RDA group Total of all other 9rantS, UP to £S.000 each, to RDA groups io.000 9,936 9,3S6 5.287 6,551 7.200 5.500 5.650 7.200 5.998 7,400 9,699 5,025 6,200 67,417 44,340 103.267 109,492 Net incomt l expendlryrt for the year This is stated after charging I Icreditingl.. 2024 2023 Oepreiiation (Profit) on disposal oi fixed assets Operarin9 lease rentals receivable= Prope Operating lease rentals payable= Other Auditor's remuneraiion lexiluding VAT).. Audit Other semces 101.216 18,610} 97.351 1153,1871 (36,3551 136.0961 2.117 2,352 16.350 2.000 16,600 2,100 39

Rldln9 for the Disabled Associatoon Incorporaiing Carriage Drfj¥ing Notes to the financial statements For ihe ar oftded 31 March 2024 l O Analy51s ol siaff tO515. Inistee rernuneratlon ind expenses. and the cost of key mana9emont personnel 2024 2023 Staff c051s were as follvw5'. Salaries and wage5 Social security Costs Employer's contribution to defined contributhjn pension schemes Other form5 of employee benef115 1,129,595 81.580 32.417 16.475 962,275 82,170 36,841 17,108 1,260.067 1,098,394 The follovmng number of ern￿OYeeS received employee benef115 (excluding ernployer pens￿￿￿ cost5 and employer's naiional in5uranctl during ihe yea¥ bemeen" 2024 2023 100.000 - £109.999 £70,000 - £79,999 £60,000 - £69.999 The total employee benefits. lincluding employer pension Contribul￿n$ and empkJyer'5 national insurancel. of the key mana9ement personnel were £284.314 ". 8 role5 I2023_ £352.092: 8 roles). The charity iru5tets were noi paid nor did they recei¥e any other benefits from employment with the charity in the year 12023.. £nill. I charity trustee12023.. 2 trustees) received payrntnr lor seryices supplied to the charity in the normal course of the charity's business totalling £500 12023.. £1,970). Mrs Sally-Anne O'Neill received £500 12023.. £1,750) for services supplled io the charlty and Mrs Frances Lixhrane receivtd £nil 12023.. £2201. Tru51ees' expenses represent5 the payment or reirnbursemeni of travel and subsistence costs totalling £7,633 incurred by 8 tru5tee5 12023.. £12,S34 incurred by 8 irusiees) veL41in9 to affenijance at meetings of the irustees and other evenis. I I Staff nurnbers The average number of ernploytes (head count based on number of staff empfoyedl during the year wa5 3712023.. 351. The average fiumber of employee5 (full rime equivalenil durin9 the ￿aT was 31 12023". 201. 12 Related party tran5aCtlons Aggregate donaiions from related part￿5 **re £35.250 12023.. £01. Transaaions bettveen groLbP entitie5 are disclosed in note 16. 40

Ridin9 for the Dlsabled Assoclatlon incorporttlng Carrlage DrMn9 Notts to the financial siaternen For the ar ended 31 March 2024 13 Taxatlon The charity is exempt frorn corporation tax as all its income is charitsblt antl is applied for charitable purposes. The chariws irading subsidiaries. RDA ffradingl Limited and l￿and5 Equestrian Cenire Limiied. gift aid available profits to the parent charity. The group £har9e EO corporation lax in the year was." 2024 2023 UK corkN)fation tax at 25% {2023= 1 14 Tanglble fixed as5eis Group and Charity F￿hold artd leasehold PT¢)peny Equine and ridin9 Fixtures and equipment Freehold land Total Cost Ai the start of the year Additions In year Disrrf)sals In year 805.000 2.695,345 18.504 190.991 19,422 {16,1)001 31.956 11.398 16,8221 3.723.292 49.324 {22,8221 At ihe entl of the year 805.000 2.713,849 194.413 36.532 3.749.794 Depreclatlon Ar the Start of the year Transfers Charge for the year Eliminaied on disposal 324.103 122.0261 68.864 80.779 22.026 29.738 110,4001 28,463 433,345 2.614 16,8221 101.216 (17.222) At the end ol the year book value Ar the end of rhe year 370.941 122.143 24,255 517.339 805.000 2.342.908 72.270 12,277 3.232,455 At the start of the year 8Q5,lJOO 2,371.242 110.212 3.493 3.289,947 Freehold land with a value of £805.000 (2023.. f 80S.0001 is not depreciared. All of the al)ove assets are used for charitable purposes. 41

Rldln9 for the Dlsabled Asstxiaiion in¢orporarin9 Carriage Drtwn9 Note5 to the financlal suttmenis l Mar h 2024 1 S L15ted Investrnents The 9roup 2024 The charmy 2024 2023 2023 Fair value at the start of the year Addltions at Cost Disposal proceeds Net 9ainl(10s$1 on change in fair Value 3.121.916 631.749 (647.2821 94,255 3.435.130 873.875 1671.799) 151 S,290} 3,121.919 631,749 1647,282 94.255 3,435,133 873,875 1671,7991 1515.2901 3,200.638 3.121,916 3.200.641 3.121,919 Cash held by invesimeni broker pending reinvesimeni 37.072 30.995 37.072 30,995 Fair value at the end of the year 3.237.710 3,237.713 3.152,914 lrtvestmefits comprise". The groiip 2024 The charliy 2024 2023 2023 UK Common investment funds Shares listed on the London Stock Exchange Unlisted share5 in UK regisiertd companies Cash 54,388 3.146.250 52.146 3.069.770 54.388 3.146.250 52,146 3,069,770 37.072 30.995 37.072 30,995 3.237.710 3.152.911 3.237.713 3,152,914 42

Riding for tht Dbsabled A5s0ciaiion Incorporatlng Carrlage Drivin9 Nofes to the financlal siatements ar l March 2024 16 Subsldlary undertaklftgs The charitable company ¢Jwns the %thole of ihe issued ordinary share capital of RDA (Trading) Limited and Ltmflands Equesirian Centre Limited. ￿1h companies registered in England and Wales. Both companies are useij ftsr non-primary purpose iradin9 aciivities. All acrivities have been consolidated orb a line by line basi5 in ihe statement of financial activities. Available profiis are distributtd under gift aid to the charitable company. A summary of the results of boih Subsidiary companies is shown below.. For RDA ffradin91 Lirniied and Lwlands Equestrian Centre Limited. the reglstered office address is CIO Veale Wasbrough Vizards LLP, Narrr•4"Quay House. Narrow Quay. Brisrol. 854 4QA. arhd the principal place of business is Lowlands Equestiiafi Centre, Old Wanick Road, Shrewley. War*ick. CV35 7AX. L¢Mlands Equesirlan Centre "miied RDA ffradingl Llrnlted 2024 2023 2024 2023 Turnover Cost OF sales 84,426 124.657) 106.038 135,2791 4.557 15401 5,755 11,2821 Cross profit 59.759 70.759 4.017 4,473 Administrative expenses <21.524) 125,S60) (2.9981 (4.0291 Proflt on ordinary activitie5 before tsxaiion Taxatbon 38.235 45.199 1,019 444 Profitlllossl for the financial year 38.Z35 45.199 1.019 444 Ret4lned eamlngs Total retained earnin9s brought for%¥ard Profiiiiiossl for the financial year Distribution under Gift Aid to parent charity 45.199 38.235 {45.1991 14,960 45.199 114,9601 1.019 (1.0191 444 14441 38.235 45.199 The ag9regaie of the a55ets. lia￿.111•e$ and funds was.. A5set5 Liatrylities 68.95S 130.719) S9.579 114,3791 7.183 17.1811 5,587 (5.5851 Funds 38.236 45.200 Amounts t￿e£l 10 the parent undertaking are shown in note 19. Included within admirtisiraiive e¥penses of ROA ffradingl Limiied above is a rnanagernent charge of £ 1,000 12023.. £ I.OQOl frorn ihe parent entity. Included wiihin adminisirative exFenses of L¢)wlands Eouestrian Cenife Lirniied above 15 a management charge of £16.00012023.. £16,000) frorn ihe parent entity. Included wsihin cost of sales of Lowlands Eque51rian Cenire LiTriied is a horse hire charge of £1 S.763 12023= £21.6501 from ihe parent eniity. 17 Parent tharlty The parent chariivs gross income and the results for the ￿ar are disclosed a5 follow5-. 2024 2023 Gross income Result for the year 2.394.971 1215.926) 2,307,561 679.77ZI 43

Rldlfig for the Dlsabled As50cladon Incory￿ra11Th9 CarrJa9e Drlvfjng Noies to the flnanclal statemenr5 For the ar ended 31 March 2024 18 Sto¢k The group 2024 The charlty 2024 2023 2023 Finished goods 7,349 8.299 6.807 7.759 7.349 8.299 6.807 7.759 19 Debtors The 9roup 2024 The charlty 2024 2023 2023 Amounts due after more than one year. Other debio¥s 5.000 i 0.000 5.000 10.000 5,000 10.000 s.000 i 0.000 Amount5 due within ont year.. Trade debtors Amounts owed by irading subsidiaries VAT debtor Other debtors Prepayments Accrued income Ilegacies) 29.736 6.889 27,537 30.398 13,427 162.527 44.534 293,581 5.332 13.597 16.106 112.756 24.S49 309.648 13.427 163,093 47.366 293.581 16.106 27.227 309,648 552,203 483,061 577.004 491.988 20 Credltors: amounis fallln9 due wlthln one year The group 2024 The charlty 2024 Z023 2023 Bank loans Trade creditors Taxation alltl social security Other creditors Accruals Oeferred income (Noie 22) 70.000 172,785 20.428 7.032 86.118 178.fA4 70.000 200,810 3.065 952 57.940 193,750 70,000 171.696 18.207 7,032 82,118 7 78,644 70,000 199.699 952 55,940 193.750 535.007 526,S17 527,697 520.341 21 Oeferred Income Deferred income comprlses Income received in advance of evenis. The group 20Z4 The charlty 2024 2023 2023 Balance at the beginning of the year Amouni released to income in The year Amount deferred in the year 193,750 1173.7501 158.644 202,436 1197.4361 188,750 193.750 1173,7501 1 $8.644 202.436 (197.4361 188,750 Balance at the end of ihe year 178.644 193.7SO 178,644 193.750 44

ftldlng for the Disabled A550ci4uon inrnrpowatlng Carrlagt Notts to ihe financlal statements For the ar ended 31 Maich 2024 22 Creditor5'. amounts fallin9 due after one year The group 2024 The charlty 2024 2023 2023 Bank loans 87.500 157,500 87.500 157,500 87.500 157.500 87.500 IS7.500 8ank loa05 totalling £157,500 12023". 1227,5001 art secured against Lowlands Equestrian Centre. In June 2020, Ihe charity agreed with Natwest Bank a £350.000 loan under the Coronavirus Business Inierrupiion Loan Scheme ICBILSI. The loan was for a 6 year ierm at an interest rate of 2_25% over base rate, alihou9h under the ierrns of CBILS rhe interesi raie for ihe firsi 12 months was. in effect. 0%. In Jyne 202 1. the interest rate was fixed ar a rate of 2.59%. 23 Pension scheme The Charity operates defined cofiiribuiion pension schemes. In each case. the assets of the scheme are held separately from those of the charitable cornpany, in an independenily admini51ered fund. 24 Flnanclal Insrrurnents 2024 2023 Flnanclal assers measured ai falr ¥a￿e ihrou9h profft arld 1055 Inve51menrs 3.200,638 3,121,916 Financial liabilities moasured at fair 7Alue through profft or loss Ltsans 157.500 227.500 25a Analysls of group ntt asstts between funds (curreni year) General unrestricted Desbgnated funds Resiricted funds Total fvnds Tangible fixed assets Investments Nei current asse¢s Long term liabilities 3.172.455 1.154.110 211,053 187.5001 60.000 867.658 I S8.670 3,232,455 3,237.710 592,083 187.5001 1.215.942 222.360 Nei a$5ets ai 31 14ar(h 2024 ,438.302 4.450.118 1.086,328 ,974,748 25b Analysls of group net assets beThtten funds ￿Or year) General unrestriaeil Desi9naied funds Restricted funds Toral fynds Tangible fixed assets Investments Net current assets Long reTm liabilities 3,229.947 1.098,817 314.256 1157.5001 60.000 634,380 181.429 3.289.947 3.152.911 972,274 1157.500) ,419.714 416,S89 Nei ass￿5 at 31 March 2023 1,836.303 4.485.520 875.809 7,197.632 45

Rldlng for the DlsalAed A5sociatlon incorporating Caffia9e DrlvlTrg Notes io the flnanclal ststemeM5 For th arended31M h2 Z4 26a Movements In lunds (curreni yea Income and Expenditure 9ains and losses Al 31 March 2024 At l April 2023 Tran5ftrs Restrided funds.. Regions and couniies 8dyes legacy fund Fixed asset fund Lea¢herbarrow fund Tendring districi fund FH Edwards fund Carriage driving fund International driving fund Bovey Tracey holiday lund Susan Dudley-srnith fund National Training Centre Slr Peter O'Sulle¥a Natiofial Championships l Brown fund Princess Royal Coaching Academy Stanley Bellamv Sport England Togeiher Fund David Whigham Sheila Shaw Deborah Stevenson JH Chrimes West Yoikshlre fund Linda Seale 8rockenhurst fund Holiday fund Topsy dre5sa9e fund Ladbrooke Topsy fund Frost Foundation Dorothy Jones Horses 4 Health Saddlers Company Coaching fund Richard Mitchell fund Penelope Knight Fund Ruth Arkoll fund Craig Horne of Children fund rhe Prowting fund Clare Lukehurst fund John Spens fund Equlne fund Virtual Champs musi￿1 ride & drNe fund CA Rookes fund Horse Sponsorship fund Defribillator fund Other donations 152.503 290.721 60.000 8.055 1.676 4.080 5.000 1,154 429 565 3,948 9.584 9,971 78.351 123,342) 21.877 161.009 309,072 60.000 8.564 1.676 4,080 s.000 1.154 429 565 3.948 9.584 509 60.150 160.1501 1.000 1122,4291 32,220 36,014 34.9SS (i o.sooi 22,720 13,835 34.955 100.250 119.611 5,654 624 10.485 15.350 140.023 8.390 20,473 15,408 15,000 3.498 S.654 624 10.485 15.350 140,023 8.390 20,473 15.408 15,000 3.498 2.000 4.8SO 25,000 10.857 122.409 38,578 2,000 i 0.000 7.400 25.000 2.500 12.8501 125,0001 10,857 122.409 38.578 (2.0001 14.9631 5.037 7.400 25,000 {2.5001 1,000 1.000 5.125 2.196 400 1.000 1.000 ,471 80 13201 Toul rtstricitd fvnds 875,809 567,IS7 1363.0521 6.414 1,086,328 Unresirttted funds.. DEsi9naied funds". Regions and couniies The Worshipful Company of FaTriers Fixed asseis fund C81LS loan repayment fund SITategy fund Aciiviries funds Geographical fund5 Crant fund 542.656 43.799 3.002.447 227.500 250,000 195.598 71,960 151.560 87.943 2.764 185,4391 133.8651 50.T70 595.330 IZ.698 3.014,955 157.500 234.429 205.191 72.606 56.409 12.508 170.0001 115,5711 11.000) 11.S93 646 4.849 Total desi9nated funds 4,485.520 107,79S 1135.8751 17,3221 4,450,118 46

RSdlng for ihe Dlsabled Assoclatlon Incorpora￿ng C4rrlage Drlvbng otes io the financial statements ar ende l March 2024 26a Movements in fynd5 {current yearf) continued Income and Expenditure gain5 and Iosst5 Ai 31 March 2024 At l April 2023 Transfers General funds Non-charitable iradi09 1.791,104 45.199 1.735,291 88.983 12.127.236) 195.947) 908 1.400.067 38,235 Total unresirfaed fyr*ds 6.321,823 1.932,069 12.359,0581 16.414 5.888.420 Total fvnds 7.197.632 2.499.226 12.722,1101 6.974.748 26b Movements In funds Iprtor year) Income and Expendrture gains and losses At 31 March 2023 At l April 2022 Transfers Restrided funds= Regions and counties 8ayes legacy lun Fixed a55et fund Leatherbarrow fund Tendring district fund FH Edwards fund NTC hydrdulic lift fvnd Carriage driving fund Internaiional driving fund Bovey Tracey holiday fund Alborada equine welfare fund Susan Dudley-smith fund National Training Cenire Wooden Spoon Sir Peter 0'5ullevan National Championships l Brown fund Princess Royal Coachin9 Acadomy Stanley Bellamy Sport En9land Togerher Fund sport England volunteer leadership David Whigharn Sheila Shaw Deborah Srevenson JH Chrimes West Yorkshire fund Linda Seale Brockenhutst fund Holiday fund Topsy dressage fund Ladbrooke Topsy fund FT05t Foundation Dorothyjones H05es 4 Healih Geraltl Leigh Education Fund Saddler5 company coaching fund Oiher donations 160.154 331.899 60.000 9,172 1.676 4,080 21.730 26.531 9,588 134.182) 150.766) 152.503 290,72 1 60.000 8,055 1.676 4,080 268 11.3851 {21.7301 5.000 5.000 1.154 429 1.154 429 17.51)0 {17.5001 565 23.060 4.000 9.584 565 3,948 12.400) 116.7121 16.000 2.000 9,584 12.500 7.000 35.250 (12.5001 11.0001 139,6291 1697) (111.8481 124.117) 26.220 40,393 35.652 32,220 36.014 34,955 111.848 24.117 5.654 624 10,48S 15,350 140.023 8,390 21.473 15,408 15.000 3.498 5.654 624 10.485 T5,350 140,023 8,390 20.473 T5,408 I s.000 3.498 {i.000) 13.900 20.000 25,000 1.320 113.900) 120,000} 125.0001 11.3201 Total restricted fund5 989,790 287.705 1357.2441 144,4421 875.809 47

Riding for th* Disabled A550ciaiion In<orporatln9 Carrlage Dthin9 Noies to the financial ststernents d31M h2 24 26b Movements In funds Iprlor year) continued Unrestriaed funds= De519nated funds.. Regions and counties The Worshipful Company of Farriefs Fixed a55ets fund CBILS loafi repayment fund Strategy fund Activities fund5 Ceographical funds Crant fund 682.564 109.005 2,878.832 297,500 250.000 221.794 73.294 157.021 96.852 3.150 1236.7601 168.3561 542,656 43,799 3.002.447 227.500 250.000 195.598 71.960 751.560 123,615 170.0001 5.670 131.866) (1.645) 11 0.0001 4.539 Total deslgnaied funds 4.670,010 110.522 1348.6271 53.615 4,485.S20 General furrds Non-charitable irading funds 2.7 72.779 14,960 1.854.487 111,985 12.249.034) 181.7461 12,878 1.791.104 45.199 Total unfesiricted lunds 6.857.749 2.076,988 {2,679,407) 66,493 6,321,823 Total funds 7,847.539 2.364.693 13.036.651 } 22.051 7.197.632 48

Rldlng for the Dlsabled Assoclatlon IncOry￿ra[0n9 Canlage Drhlng Notes to the financial statemtnis rihe ar ended 31 March 2024 27 Movemenis In funijs - purposes of funds Purposes of restricted fvnds Re9lOn5 and counties 8ayes legacy fund Fixed asset fund Leatherbarr¢)w fund Tendring district fund FH Edwards fund NTC hydr3ulic lift fund Carriage driving fund Internatio￿al drivin9 fund Bovey Tracey holiday fund Alborada equine welfare fund To further the objecis ol the charity ￿thin their geographical area. For the benefii of ihe East region. Representin9 the value of tangible fixed assets. To provide grants to groups within Warwickshire. To provitle 9rnllts to groups within Essex. To purchase equipmeni for regions. To purchase a mounting lift at the National Training Centre. For tarriage drtving. To fund RDA drivers. trainin9 for internarional competr(ion. To establish a new holiday within ihe South West region. For horse welfare. Susan Dudley-smith fund National Training Centre Wooden Spoon Sir Peter O'sullevan National Championships 18rown fund Prirbcess Royal Coaching Acaderny Sianley Bellarny Sport England Togeiher Fund To provide an annual award lor a carriage drtving volunteer. To develop the Nattonal Trainin9 Centre facilities. To puichase horses. To establish a human equine inteoaion register. Fof the developmeni of the National Championships. For travel expenses of any 5cotlish group or Tegion. For the developmeni of a coaching Academy projea. For iravel by carriage driving groups to the National Championshlps. To enable participanis to acce55 physical activity through RDA. To fund ihe volunteer leadership projea. During the year to March 2021 it was agreed ihai some of rhi5 funding could be repurpD5ed to provide support to RDA groups via the Coronamrus fund. Sport ETrgland volunteer leadership David Whigham Sheila shaw Deborah Stevenson JH Chrimes West Yorkshire fund Lintla Seale Brockenhurst fund Holiday fund Topsy dressage furhd Ladbrooke Topsy fund Frost Fount1ation Doroihy ￿neS To provide Training bursaries. For support of a Dressage conference. To 5upporr RDA activities across the Nonh West region. To support RDA aciivity in We51 Yorkshire. To 5UPPOrt RDA aCt￿lty in Brockenhurst. To support holiday activities. For d￿$$39￿ and National Championships trnvel from Soutlr Wales. To provide grants io groups wirhifi South Wales. To support groups in Cambridgeshiie. For the Hof5fonh and PAension areas of Leeds_ To enable RDA grovps to begin or susrain Tea wlth a pony as a delivered acrivrty led by Naiional Office. To suppon education PTogramme led by Narional Office To support coaching programme led by National Office To support Ihe Mid We51 regions COSIS To bethefit those within scotland To benefit the East Region (including Norfolk) To support Yorkshire 9roups To corhtTibute trffirds ihe finstallai￿n of an isoLat￿n block and four fleld shelters Horses 4 Health Fund Gerald Leigh Education fund Saddlers Company Coaching fund Richard Mitchell fund Pe*elope Knight fufid Ruth Arkoll fund Craig Home of Children fund The ProwAin9 fund Clare Lukehurst fund John 5pens fund Equine fund Virtual Champs muslcal ride & drNe fund For use by ihe Thanet group For use by ihe Fife group To corttribute towards eqtsi￿ c0515 at RDA National Training Centfe To coniribuie towards Musicial Ride & Drive at Virtual Champs CA Rookes fund To support K)rk withing Warwickshire. Gloucesteryhire. Worce5tershlre. Wesi Midlands & Oxford5hire Horse Swnsor5hip fund Oefibrillattsr fund To coniribute iawards the care of horses To purchase a defriEN"Ifaior for the National Training Centre 49

Rldlng for ihe Dlsabled AS$￿1￿110n Incorporatlng Carrlage Drlvlng Noits to the financial statements For the ar ended 31 March 2024 27 Movemenis In funds - purposes of lunds Icontlnued) Purposes of desl9nattd fvnd5 Regions and counties The Worshipful Company of Farriers Fixed a55eis fund To further ihe objects of the charity ￿th1Th their 9eo9raphical area. FOT 9lOUP SUPPOrt. Representing ihe value of tangible fixed assets less the property-secured bank loans. To fund the repay￿￿1 of the Cofonavirus Business Interrupiion Loan Scheme CBILSI 103n. To Fund an expansion of attivities as a result of rhe national RDA strate9Y. Yransforrning Lives Across rhe UK". To support specific activlties. incorporating the Elisabeth Curt15. Stella Hancock. A Petch. Dance memorial and Verona Kitson funds. To support specific geographical areas, Incorporatlng the G Meighan and C8ILS loan repayment fund Strategy fund Activities funds Geo9raphical funds Grant fund To fund grants io groups. The iransfers reflect the purchases of fixed assets which are to be used across the charities. attivities. 28 Operailng lease commivnenrs The group's iotal future minimum lease paymenis under non-carbcellable operating leases are as follows for each of the foll￿1n9 periods". Equiprnent 20Z4 2023 Wiihifi one year One to five years 2.117 2,386 2,117 4,503 4.503 6.620 29 Operatlng loast commiiments rectlvable as a lessor Amounts receivable by ihe group under non-cancellable operaiin9 leases are as follow5 for each of the following periods.. Properry 2024 2023 Less than one year One to five years 33.955 19,807 33,95S 53.762 53.762 87,717 30 Legal status of ihe chadty The charity is a company limiied by guarantee and has no Sha￿ capital. The liabllity of each member In the eveni of winding up is lirnited to £1. 50