2025-03-31-accounts

RDAII ANNUAL REPORT 2024/25 Enriching Lives Through Horses Iniiiiiiiii AEDT99R4 2311012025 COMPANIES HOUSE A16

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Bryony began horse riding at eight to help with her cerebral patsy, but it was her mental health that saw the greatest benefiL Diagnosed at 14 with depression. anxiety. PTSD, and dissociative seizures. she struggled wtth school and bullyin9. which left her feeling suicidal. Riding became a lifeline. J ￿ It helped calm me down. I had to focus on the moment, not on what had happened at schooL Everyone has their own difficulties. but when you're on a horse, you can just be you.

Contents RDA Trustees. Annual Report Chair's Report CEO Report About Us Disabled People Need Us More Than Ever RDA'S Impact in Numbers Our Programmes in Action 10 The Year in Review Empowering Our Groups Championing ROA'S Mission PartneriThJ Fcr thnqe Championing Our Horses Developing Our Organisation for the Future 12 14 Jr 16 18 20 Powered By A Community of Support 21 Structure, Governance & Management 22 Our Finances Financial Performance for the year (ended 31" March 2025) 26 Statement of Responsibilities Independent Auditor's Report Consolidated Statement of Financial Activities 31 33 37 Balance sheet 38 Consolidated statement of cash flows 39 Notes to the financial statements 40

Chair's Report A Year of Growing Impact Welcome to this year's RDA UK Annual ReporL Rising costs and volunteer recruitment p￿SSureS Reflecting on the past year. I feel immer)se pride have Sparked innovation - frcm new volunteer and purpose. Our work has never been more enqaqement approaches to expanded partnerships vital. Nearly one in four people in the UK live in health. education and the equestrian world. with a disability or condition that affects their daily life, and too many still face barriers to inclusion, wellbeing. and physical activity. At RDA. we harness the unique bond between people and horses to help overcome those barriers. Through therapeutic riding, carriage driving. inclusive sport. and equine-aSSiSted acti4ities. we support physical health, mental wellbeing. and confidence and connection. For many, that first moment of freedom in the saddle or carriage is transformationaL Our groups are diversifying to meet a wider range of needs. Over 60% of groups now offer Horse Care sessions through Equine Assisted Learning. and our fia9ship Tea with A Pony programme continues to grow - especially supporting those with dementia or mental health challenges. We're not just responding to chanoe - we're helping to lead it. RDA UK. the national charity is also adaptinq. We welcome(l Michael Bishop as CEO. and appointed new trustees Paul Maynard. Rosie Scott-ward and Kelly Bames, br1r￿ing valuable experience of disability and additional expertise to the board. We've taken steps to listen to our RDA member Groups and acL through our governance review- strengthening the federation by empowering regional teams. creating new A(fvisory Boards to draw on expertise from within and beyond our volunteer base. and bring the grassroots and national charity closertoqether. We are also reviewing our charitable objects to ensure they remain fit for the future. I'm delighted that this year. participation grew again by 9%. RDA member groups supported 27.000 people. with a further 12.000 reached through RDA Approved Centres - commercial ridinq schools trained and approved by RDA to deliver sessions to a high standard. Nearly 80% of our participants are under 25. and almost 70% of groups work directly with schools, reflectinq the strength of our impact to children and young people. This impact is powered by a stable community of 1.700 coaches. 13.700 volunteers, 2,800 equines. and loyal supporters. whose oassion and dedication ensures RDA continues to be a lifeline for tens of thousands. To all who make this work possible - thank you. Together, we will continue to build a stronoer, more inclusive RDA community. and enrich even more Our sector is evolving fast. The changing face of lives through horses. disability, increasing public scrutiny of horse sporL and growing ￿COgnItion of the social value of equine-assisted services bring both challenges and opportunitie& Heleno Veg0-Lozono Choir of Tn￿tee5. RDA UK

. CEO'S fft@porf Bullding a Solid Foundation At RDA UK, we've focused on building stron9. programmes and partnerships in Equine Assisted stable foundations that give our network the Services. and strenqthening our group support confidence to grow. adapt. and respond to the teams. We must ￿rna1n focussed on sustainable diverse and evolvino needs of disabled people. impact growth that keeps participant needs at the We're here to empower RDA Groups and Approved heart. Centres by listening. supportinq, and growinq alongside them. Like many charities. vle face challenges in a tough fundraising climate. That'5 why we're investing in This year we delivered specialist traininq for projects that support lono-terrn financial coaches - equipping them to work confidently with sustainability and build relationships to increase a wide range of disabilities. We strengthened our reach and impact. This has only been possible safeguarding, provided enhanced insurance at a thanks to some exceptional. unforeseen legacies. fraction of market cost, and expanded our support These most special oifts have allowed us to lay with more tall0￿d assistance. We also created stronger foundations for the future. Thank you to space to celebrate participant achievement all those who remember us in their Will. throuqh our National and Virtual Championships. and raised national awareness through our involvement in the People's Postc¢xle Lottery Christmas advertisino campaign. To all those who make our work possible, whether you're a volunteer. supporter, partner, or riding centre- thank you. Your commitment qives me huge optimism for the futu￿. Beyond support, ourjob is also to steer the federation and prepare for what's ahead. We are investinq in impact measurements, including through our three-year research partnership with Hartpury University & College. developing new Mlchael Bishop CEO. RDA UK INS

Enriching Lives Through Horses disabled per,sor) valued, inc.luded to experience freedom live fulfilling c.onnec.tion. MISSION lJVe harness to enhance unique connec-tion between health wellbeing humans disabled horses people. IMPACT 11Wiir Mental Jvèllbei ng EOuc.alion Enqagement Soc-ial Cionr)ec.Iion physic.allv Ac.tive c.onfidence Esieem BELIEFS Ability drives us Every voice matters ljve celebrate progFes5 Excellence promise Horses are central to we fl

What We Do RDA UK RDA is a nationwide federation of nearly 4CM) member groups and over 50 approved riding schools delivering liffrchanqing equine services across the UIL 6oèrd of Trusteos 14ember Our grassroots groups are at the heart of delivery, providing hands-on. participant- focused equine attivities. ove Centre CoatThe5 39,000 Participants RDA UK provides essential leadership and governance., specialist trainino for trustees. volunteers and coaches: and seivices and support that equip our groups to thrive. suppported by our regional and county volunteer network, so they can deliver an excellent. participant focused experience. Equ1nes Volunteer Advisor RDA Regions l. South West 2. Mid West 15 3. South 4. South East 14 5. Greater London 6. West Mercia 13 7. North Midlands 18 12 8. East 9. North West io/ii 10/1 l. Yorkshire 12. North 13. Edinburqh & Borders 14. West & Central Scotland 17 15. Grampian & Highland 16. South Wales 16 17. North Wales 18. Northern Ireland

Wfvo W@ Sofjppo At RDA. our participants are at the heart of everything V￿ do. We support people of all ages and abilities - from children as young as fourto older adults. including those dementia and age related conditions. We welcome people with physical and leamin9 disabilities. sensory impairments. long-term health conditions, and neurodiverqence. Each person comes with their own goaLs- whether for therapeutic benefit, social connection. or inclusive leaming. Participants come through schools. care homes, health professionals or directly. Accessing RDA Services Participant Age •lher 2.616 7•rarnor COrn￿￿￿kY6r•U￿S I3.￿ I Undtr 16 se￿￿tEr1ed iprt¥*• Cuthts

Disabled People Need Us More Than Ever lin4 people are disabled, 39.5010 of disabled adults do under 30 minutes of physical activity a week almost twice the rate of non- disabled adults.. 24% port frequent loneliness. compared to just 7% of non-disabled adults 25010 .97010 more disabled people cite mental health as their main disability since 2014- now 1.2 million Only 25% of disabled students fully participate in school lo more pupils entered state run alternative provision education setting in 2023124.. 5x more,, Children with learning disabilities are much more likely to be excluded frorn school.. In a world of rising isolation and inequality, RDA offers a vital and proven response.

CF@atllTrg Opporftofjffnuty. R@doJcotrng OTr@qoJaLoty yt RDA combines physical activity. nature. emotional connection. and purpose - in ways that respond directly to the needs of disabled people. Our participants also experience freedom. self-worth and a sense of belonging too often denied elsewhere. We provide: Access to meaninijful activity for people excluded from sport or therapy elsewhere A safe space for emotional regulati(￿. connection and growth Inclusive, adaptable enwronments for all ages and abilities Regular equine contact. offering trusL calm. and connection We work with families. schools, care homes and health professionals to reach people who might otherwise be left out. helping them access support. achievement and joy. The Unlque Power of Horses Non-judoemental connection: Horses restx)nd with calm presence. without bia5, inspiring trust Therapeutic movement: Their gait mirrors walking. improving strength and balance Fully adaptable- Riding and carriage driving suit complex needs Calming and grounding- fime with horses supports mental wellbeing and ernotional regulation Social growth: Participants build confidence and C￿lMunication throuqh equine interaction Why it Matters Only 4496 of disabled people have easy acce5S to nature (vs 7896 of non-di5abled people).. Two-thirds say being active helps reduce loneliness Disabled people report life lower satisfaction. happine55. and purpose. io Post-pandemic referrals to RDA have doubled - but many groups are full. with long walting lists. RDA'S work has never been m•re needed. Behind every statistic is a person waltlng for support - and the life-changing ¢xperien¢e of a horse. With more investment. rnore volunteers. and more awareness. we can reach them. Together. we Can Create a more incluslve future. ,OWPFthtyPstyJ￿e5￿r￿Q022￿23? 'SportEryWO£tlvE bvosknvrf(202Z-231 'QNSQi54¥ilrtyatwJ L￿￿￿ess￿￿tI2Ol2j 'kiffty D￿rty& kt1yrtygjr￿2023.E4

Reach Impact Volunteers oac.hes 380,000 Session5 Equines Groups Approved entres 'Ac.ross Groups & Approved C.entres

Our Programmes In Action ROA'S proqrammes are desioned around participants, needs, offering a diverse, fully inclusive ranoe of equestrian and equine-assisted activities. Each activity delivers unique physical. mental, and emotional benefits. ensuring people of all abilities can engage meaningfully with horses. Our three core proijramffle areas reflect our rich heritage and evolving offer. Therapeutic Ridinq & Carriaqe Driving Ridino remains central to the RDA experience. with proven therapeutic benefits. The horse's rhythmic movement relaxes tight muscles. improves postu￿, strengthens core stability, and enhances coordination. In 2025. 9196 of RDA Groups offered riding. up from 87% in 2022-hiqhliqhting its enduring value. Carriage Driving provides a powerful alternative for those unable to ride or seekino a new challenoe. It delivers all the benefits of riding plus the rush of speed and open-air freedom. About 1496 of groups consistently offer this exciting altemative. io

Equine-Assisted Proqrammes Our non-ridden activities are expandinq. opening doors to those vtho are unable or don't want to ride. These include: Ouiet Comers: a calm. lOw-pressu￿ space to connect with horses. Horse Care and Groundwork: handS￿n groominq. leading. and learning that boost confidence and wellbeing. Tea with a Pony- a caring programme supporting people with dementia and long-term conditions, now offered by nearly 25% of group5. Education Awards & Activities: Proficiency tests and creatiV￿based activities celebrate learninq. support proqression. and encouraoe reflection through awards, competitions. and accredited certification. From 2022 to 2025. Horse ca￿ grew by 20%. while Groundwork jumped to 24% of groups - a clear sion of expanding impact. Equestrian Sport & Competition Sport iqnites passion and progress. ROA'S disciplines - from Dressage and Vaulting to Showjumping and Endurance - build skills. confidence. and pride. Our National Championship5 are a standout. featurino more equine disciplines than the Paralympics or Special Olympics. Plus. our Wirtual Championships brinq the thrill of competition to those who can't be there in person. Looking Ahead We're pushing fOn￿ard - investing in every programme. widening access. and evolving to meet the changing needs of our community. Riding and competition remain strong, but We'￿ also growing our innovative equine- assisted programmes to reach even more lives. li

Éfflpow@tRllffbg OQJF GtBoofjt)s Our qrassroots network is the beatinq heart of RDA. This year. we focused on deepefling relationships. improving supp)rt in key areas. and recognisinq the vital contribution of the volunteers, trustees. and coaches deliver lif*changing experiences every day. With the arrival of CEO Michael Bishop came a renewed commitment to connection. His visits to groups across the UK- alonqside outreach by trustees. staff. and regional volunteers - helped rebuild trust and deepen our understandinq of what groups need on the ground. These conversations continue to shape our direttion. Training & Development Trainlnq remains a comerstone of our support. Safeguarding was a major focus. with 1,073 people completing 79 courses to keep participants safe and well cared for. We welcomed new trustees and volunteers at our National Induttion Day. and delivered targeted governance training to equip group leaders with the tools to lead confidently and meet their ￿sPonSibl11t1es. Coaching support evolved to meet inC￿aS1ng complexity in participants, needs. Tailored training was delivered on cerebral palsy (with Action CP) and Patholoqical Demand Avoidance (with the PDA Society). Additional CPD covered bumout prevention. stress management. and conflict resolution to support coach wellbeing. Recognising the pressure on group finances, we expanded fvndraisinq support. Webinars like "Sourcing Donations for Capital Projects" and "Unlocking the Power of Leqacy Gifts" helped groups explo￿ new and sustainable income streams. Celebratin9 Community ROA'S 55th anniversary gave us a powerful opportunity to celebrate the people at the heart of our work We launched new recognition resources to mark the occasion. including commemorative certificates thankinq volunteers for their dedication. President's Awards, Annual Awards. and Coaching Awards honoured outstandino contributions. with HRH The Princess Royal presenting these at the National Championships. During Volunteer Week, we shone a spotlight on the tireless commitment of our grassroots community - whose energy continues to power our mission. Looking Ahead We are building on this momentum. A new Quality and Standards Advisory Board will help drive continuous improvement. Investment in our Coaching Programme will strengthen support for volunteers in an increasingly complex landscape. And the new 'My RDA, web platform will make training and resources more accessible and user-friendly than ever. 12

After finishing my A-levels in JULY 2023. 1 took a gap year and started volunteering with RDA. I quickly fell in love with the horses, the people, and the sense of purpose. Watchin9 riders qrow in confidence was amazing, but I wanted to do more. I completed my coach training and spent the summer coachinq, learning how to support both riders and volunteers. The pride and joy on my riders, faces is like nothing else. RDA has made me stronger, more independent, and full of self-belief. I'm now at university, but my journey's not over - I want to coach showjumping next!

Championing RDA'S Mission To grow our impact. we must gmw our reach. Raising aWa￿nesS of RDA is essential to attract new volunteers, funding, and partnerships - ensuring more people understand the life-changiTro power of equine-assisted activities. This year, we focused on amplifying our voice, deepening public understandinq. and creatino powerful opportunities for participants and volunteers to share their stories. Connecting with Wider Audiences HRH The Princess Royal attended the RDA National Championships. drawing natiorFal and intemational media coverage that celebrated our community. Collaborations with British Equestrian and ITV showcased RDA riders ahead of the Paralympic Games. We were featured in Ama20n Prime's Dare to Defy. hosted by Paralympian Richard Whitehead arHI Adele Roberts, spotlighting organisations breaking down sporting barriers. Hiqh-Profile Campaigns and Events In October. RDA featured in People's Postcode Lottery's national campaign What the World Needs Now Is Love. alongside Ellie Goulding and participant Maddie with her pony Aimee. The campaign ran across TV. radio. billboards, and social media - hiohlightino our impact and thanking players who have raised over £1.4 billion for qood causes, including vital support for RD Watch the PPL advert here! RDA was named Official Charity Partner of the London Intemational Horse Show 2024 at ExCeL London. With over 1 80,OCQ visitors. the event offered an unmatched platform. Our stand and the Talk Horse Live Zone featured voices from our community- includin9 Paralympians Natasha Baker. Mari Dufward-AkhursL Olympian Tom McEwen, and our volunteers and I participants. These moments boosted visibility, built support and reinforced our leadership in equine-assisted activities. Demonstratln9 RDA'S Social Value RDA UK champions the positive impact of equine activities on health. wellbeing, and inclusion. CEO Michael Bishop has been a key voice, featvrino in Horse & Hound. on national radio, and deliverinq a keynote at the Racing Foundation Conference highlighting RDA'S contribution to society and the equestrian community's wider value. In Horse & Hound. we challenqed myihs about horses suited for RDA and promoted rehoming opportunities to support owners facing financial pressure. This highlights the uroent need for suitable RDA horses to meet growing demand and enable more participants to benefiL Looking Ahead We're excited to build on this momentum as charity partner at the Agria Blenheim Intemational Horse Trials in 2025- an opportunity to celebrate the bond between people and horses and highlight our impact. We'll continue showcasing how RDA programmes transform lives, and focus on putting participants, voices at the heart of the RDA movemenL and influencing decision- makers and public opinion to improve inclusion. 14

As a parent of a child with additTonal needs. finding places that simply accept your child is rare. As Maddy grew up, we wanted her to enjoy the Same activities as other children - from swimming to Brownies. She could do these things, but they came with challenges that we had to overcome. At RDA, those challenges simply didn't exist. From the moment Maddy met her first pony. she was happy, relaxed, and proud. Teft years on. it's still the highlight of her week. Meet Maddie!

14 Part,neri hange Ai RDA we believe we Over the past partnerships to expand acce55, standards, better evidence impact, ensurin(J we evolve stayir)g true to mission of inc.lusion empowerment. are stronger tooether. we Supporting Approved C.entres Developed ' partnership British Equesirian, RDA Approved C*entres programme recognises commercial ridinfj schools collaborate to deliver ac.tivities disabled people. meeting rioorous standards. 50 centres approved, this growing r)etwork flexible. hiqh-quality alternatives 10 traditional RDA Groups - broadening access easing pressLJre on grassroots delivery. working group developed new strengthen programme throu(Jh clearer communication. better support. specialist stronger local integration. RDA to traininq. Evidencing Impact we laid vital groundwork national research agenda. Partnering Insley Cionsultino, gathered insight underpin new nat￿onaL Impact Report, published lacer in help us clearly demonstrate RDA'S co funders, policymakers, partners health and education. Alongside this. research partnershi p Hartpury University College is exploring the benefits of equine-assisted services people horses, strenqthening the evidence base thai supporns our work. impac.t we across Developing Equine Learnin9 meet growing are expanding support for Equine Pony Club ' co-creating inc.lusive badges resources volunteerinfj. Collaboration Makaton communication barriers, free symbol accessible sessi ons across our ￿eti￿ork. Assisted we Assisted Learninij. new partnership to support learning, progression, helping to trainir)g Charity access enabling more i r)clusive, Looking developing resources - new delivery models nd training equipping Ljroups to support people, more effec.tively. national Irnpact Report and research findinos step-change ability to demonstrate life-changing power of locally nationally. BritishnÈ Equestrian more PONY CLUB MAATPUAY 16

Meet Leonard! NAI, )1 RDA has had a huge impart on my life after a hiqh-speed biking accident. helping me grow in confidence and ability withirb a safe environment. It's a chance to improve and push myself - physically and mentally - an opportunity I never thought I'd have. I call it my much- needed horse therapy. When I'm on the horse, the world's worries disappear - it's just the horse and me. It helps me feel relaxed and qives me a real sense of achievement and purpose. Being able to compete again in something I love is an incredible honour and privilege. Leonord, ROA Porticipont

Ch]afflpoofi]o￿g OOJF NoFs@5 RDA's life-changing work wouldn't be possible without our horses. With 2.800 equines across our federation, they are more than partners in our mission - they a￿ at its heart. Their welfare underpins everything we do. and across the UK, we are united in upholding the hi<Jhest standards of care. compassion, and respect. Brlnqlng the Charter for the Horse to Llfe As signatories of the British Equestrian Charter for the Horse, we've pledged to embed care. empathy. ethics. and continuous learning into our culture. This year. we focused on bringinq these principles to life - providino accessible ouidance and practical tools to help groups promote equine welfare every day. Raising Standards Through Tralnln9 and support To strengthen best practice. we launched a targeted CPD programme focused on horse care and management. We also delivered practical support. including a f￿e vaccination scheme - made possible through the generous support of MSD Animal Health. Zoetls UK, and Boehringer Ingelheim - as well as discounted worm egg counts from Westgate Labs. These initiatives help improve herd health while also reducing costs for RDA Groups and Cent￿s. Championing Welfare Across the Sector At our AGM, Roly Owers. CEO of World Horse Welfare. spoke about the importance of public confidence and high welfare standards across equine activities. His message reinforced our shared responsibility to ensure RDA horses are not just safe - but thriving. We also reviewed and updated core equine policies to to ensu￿ horses are always treated with kindness. cwipassion and respect - to mirror our equine welfare statement. Looking Ahead To strengthen expert15e acros5 our network. we are launching an Equine Advisory Board - bringinq together knowledge from within RDA and the wider sector to shape future strategy and provide expert 9uidance. We'll continue to promote the Charter in partnership with British Equestrian and Agria Pet Insurance, and deliver new training with Blue Cross- covering welfare and end- of-life ca￿. Our commitment to horses is the foundation of our impact. When our horses thrive, our participants can too 18

By listening to our horses and making proactive adjustments, we support their long-tem heaLth leading to better movement, safer sessions. and greater therapeutic benefits for our riders. RDA Cooch feedback on Equine Troining

Developing Fut.ure organisat.ion c.hanging Rising leader.ship, c105er connec-ted. evolving growiinq demand, collaboration, responsive to belter support federation Inc-reasingly c.omplex partic.ipant srruc.ture future. disabled people require strong focused on becomino we we 50 neiwork thrivè. strengthening Leadership Governance ensure governance governance federated siruc.iure meeis hiqhest standards responds national consultation listening throuqh an online to community, groups, volunteers, roadshow. we carried review to ac.ross person events result, broader ac.tivity, we proposi nq updates streamlined struc-tures, folloviinq further c.onsulialion to Memorandurn to c.urrent Artic.les A550c.iation proposals sessions. to reflec.t on via written submission5 Building outcome review creation Ouality Standards, Activities Development, together collective expertise volunteers joined-up inforrned pproac.h deliverinq activities C-onnected Federation new Advisory Boards Equine Welfare. trusted exiernal fDC.usirio 8oards spec.ialists, ensuring on prac-tic.al insiqht dec.ision-making. on Member more to qround to support national Embeddin9 lTrclusive practices equality, diversity, inc.Iu5ion established internal workirlg to equestrianistn representative welc.ominq community for respec.t to physi cal health journey, 5iqned Equestrian's Inclusive practices, pledging diver,se communities round U5., united passion., berief its equestrianism we British EDI Pledoe are ensure profflote on mental wellbeing. ethical fundraising prac.Cices eflec.t v8ILies. o]0] Th s was one of the most positive meetin9s I have attended. It was so good to get people toqether in person and to hear them exchanging views and ideas. Lets do more. Looking we forrnally updated launc.h Advi50ry Boards governance framework - ability ambition present strenqthenino c.onfidence, tJcJ Govemonce Roadshow Attendee

Powered By A Community of Support At RDA UK, everything we do is made possible by an extraordinary community of people who believe in the life-changing power of horses. Volunteers. donors, trusts. ftjundations, and fundraisers across the UK fuel our mission. and this year, your impatt has been nothing short of remarkable. Transf ormatlonal Giving We are especially grateful for the support received from players of People's Postcode Lottery. which continues to be truly transformational. Their multi-year unrestricted funding has provided essential stability, throuqh over £6m of funding over a 12 year period, enablinq us to support local groups. develop and train our frontline coaches and volunteers, and invest in strategic growth. Their support ensures our work can continue at scale and with ambition. POSTCODE Trusts and foundations have also played a crucial role. helping us reach more people and raise standards across our programmes. We are proud to have been supported by several charitable foundations this year, including a new partnership with The Pets Foundation. which generously contributed to equine welfare and development at the National Traininq Centre. Unforgettable Partner5hip5 and Events We were honoured to be chosen as the Official Charity Partner at the 2024 London International Horse Show. This prestigious event raised funds to 5UPPOrt our work. and provided a platform to c(￿neCt with new supporters. •PEOPLE'5 POSTCODE ANIMAL LOTTERY• TRUST Foundation London International Horse Show Watch the LIHS & Park Lane video here! At our National Championships. we welcomed hundreds of participants from across the UK. This major celebration of ability was made possible by our partners and sponsors. Longstandinq supporters UK Ponycon (formerly Ponycon) celebrated their 20th anniversary with a fantastic E20.fX)O donation - a testament to the power of community and shared values. Inspirational Individuals From epic cycle rides and marathons to mountain climbs and sponsored challenges, we are continually inspired by the individuals ¥yho oo above and beyond to raise funds for ROA. Your passion and commitment not only generate income but shine a light on our work in the most powerful way. Looklnq Ahead With rising demand and inC￿a51n9 costs, the need is urqent if we a￿ to meet the growing needs of our participants through quality. innovative programmes. Continued generosity and new partnerships are vital to expanding access and securing our future. ADA offers a proven. life-changing response to the health and wellbeing challenges faced by disabled people. With your suppor¢ we can grow this impact and ensure no one is left behind. Thank you for helping us enrich the lives of disabled people through horses. 21

Structure. Governance & Management Company number 5010395 Vlithin the Tru5tees' annual report. 'ADA" and "RDA UK" are used to refer to Riding for the Disabled Association incorporating Carriage Driving. Country of incorporation United Kingdom RDA UK complies With all regulatory bodies including Office of the Scottish Charity Regulator (OSCR). The Charity number activities described throughout this report are (Established 1969) broadly the same across all parts of the UK however 244108 (England and Wales). Sc039473 (Scotland) where if it is specific it is referenced. RDA works closely with all partners across the UK includino HorseScotLand. Sport Scotland and Scottish Disability Country of reqi5tration England & Wales. Scotland Registered office clo Veale Wa5brough Vizards LLP Narrow Quay House. Narrow Qu43y England, 854 4QA The organisation is a charitable company limited'by guarantee, registered as a charity in October 1969 and incorporated in January 2tJ)4. With the approval of the Charity Commission the ￿gIstered charity number was transferred to the new company and the charity's name remained unchanged. Operational address Lowlands Equestrian Centre Old Warvlick Road, Shrewley Warvjickshire, CV35 7AX The company is governed by its Memorandum & Articles of Association. which set out the charitable purposes for public beftefit, last updated in November 2020. The trustee5 review the aims. objectives and activities of the charity each year. This report looks at Trustee Appointment & Resignations durinq what the charity has achieved and the outcomes of 2024125 its work in the reporting period. The trustees ￿pOrt Appointed: the success of each key activity and the benefits the elly Barnes 4 November 2024 charity has brought to those qroups of people that it Paul Maynard 4 November 2024 15 set up to help. The review also helps the trustees Rosie Scott- Ward 4 November 2024 Resiqnations= Emma Wells 4 November 2024 ensure the charity's aims. objectives and activities remained focused on its stated purposes. Company Secretary Veale Wasbrough Vi2ards LLP 8ankers Natwest Bank pic 59 The Parade. Leamington Spa. CV32 4ZX The RDA operates as a federation of member groups. Each RDA member qroup is a separate registered charity. that is a member of the company, that operates in accordance with a standard group constitution and has entered into a Membership Agreement with the company. Solicitors Veale Wasbrough Wizards LLP 3 Brindley Place, Birminoham 812JB Auditor Sayer Vincent LLP Chartered Accountsnts and Statutory Auditor 110 Golden Lane. Lond￿. ECIY OTG RDA operates through 17 reoions with each region divided into counties. Support. advice and training is delivered through the regional and county structure and directly by national office. 22

President and Board of Trustees of the Charity Trustees The role of the Board of Trustees (also d1￿ctOrS under company law) is to set the organisational strategy, and ensure the charity is leoally complianL financially sustainable and effective in delivering Its charitable objectives. It is RDA'S policy to recruit new trustees openly for all posts. We do this on a skills basis as a ￿sUIt of our annual skills audit and using appropriate advertlsements to advertise the roles. 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 annually reviews the balance of skills. experience ar)d diversity on the Board. This supports succession planning and helps to ensure the Board can perform effectively. Trustee expenses All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set OLrt in note 10 to the account President HRH The Princess Royal Chair of Trustees Helena Vega-Lozano Deputy Chair Rachel Vaughan- Johns Treasurer Simon Bragg Bathara Manson Ellie Orton, OBE lindsay Correa Paul Maynard Kelly Barnes Rosie Scott-ward 23

Executive Team The Trustees delegate responsibility for the day-to-day running and execution of strategy and policy and is supported by the Executive Team. The performance of the Charity is reported to Board on a quarterly basis. Michael Bishop - Chief Executive Lee Heard - Chief Operating Officer Ceri Walters - Director of Finance and Resources Vicki Rowles- Director of Fundraisinq and Communications (started 2 June 2025). The pay and remuneration of all staff, including key management personnel. is recommended by the Board's Remuneration & Nominations Committee and set by the Board of Trustees. Reference is made to market rates of pay within comparable charities when these arrangements are made. Governance arrangements The Trustees commenced a review in April 2024 of the Charity's govemance to ensure they are fit for purpose, capable of supportinq the Strategic Plan. and complying with the Charity Govemance Code. This led to changes to the remit of its sub-committees and fijrther improvements in 2025 referenced in the report for exampte the implementation of Advisory Boards. The Board's committees are: Finance. Audit & Risk Committee - to assist the Board of Trustees in its duty to supervise the Charity's financial affairs- and to fulfil its corporate governance duties in relation to risk managemenL internal control and financial reporting. Remuneration & Nominations Committee - to assist the Board of Trustees to set and review a reward strategy that is aligned to RDA'S values and purpose to attracL retain and motivate senior personnel: and oversee the recruitment of the Chief Executive and Trustees. Investment Committee - to guide the strategic direction and have an oversight of the orqanisation's monetary investment assets. Investments represents a sionificant part of the organisation's monetary assets and its liquidity, the stewardship of these assets is required to best further the aims of the charity. Fundraisinq Committee - to a55lSt the Board of Trustees in fulfilling the governance requirements for the scrutiny and oversight of the voluntary income qeneration within RDA U The Regional Chairs. Committee acts as a forum for our most senior volunteers to share information. best practice. provide member group feedbacK and support ￿giOnaL implementation. The purpose of the Committee is to promote effective decision making. collaboration and communication between RDA UK and its Member Groups. 24

Related parties and relationships with other organisations RDA is a member of the British Equestrian Federation IBEF) and co-operates with other member bodies to achieve the objectives of both RDA and the BEF. RDA is a full member of the Horses in Education and Therapy International (H￿1) organisation and Equine Assisted Se￿ices Partnership. RDA also works closely with the Activity Alliance. Scottish Disability Sport. Disability Sport Wales and Sport Nl and uses these connections to engage more closely with other oroanisations working in disability sport and activity. The charitable company owns the whole of the issued ordinary share capital of both RDA (Trading) Limited and Lowlands Equestrian Centre Limited. both companie5 are registered in England and Wales. Both companies a￿ used for non-primary purpose trading activities. A summary of the results of RDA ffrading) Limited and Lowlands Equestrian cent￿ Limited is showm in Note 17 to the accounts. 25

Our Finances Flnancial Perforniance for the year ended 31 March 2025. The Financial Statements for the year ended 31 March 2025 included in this document should be read in conjunction with this ￿vIeW. The Consolidated Statement of Financial Activities shows a surplus (net expenditure) for the year of £822.070 12024: £222.884 deficit (net expenditure)). This was an Improved posltlon on budgeted deficlt of £273.643 for the year. The improved position Is because of the generosity of Gifts in Wills and two materlal legacies that were received durinq the year. Investments & Interest 4% Trading aaivites 3% The net position of £822.070 is after realised and Un￿alIsed investment losss of £157,867 loss 12024: £94,255 investment qain). Further information about the movement of the investment Grwps & Approved Centres is referenced below. MLYnbership 2% Other income 196 ChampI￿shIpS Gifts, Donations & Grants 23% Income The positive impact of the legacies increased income in 2024125 for another consecutive year to £3,924.523 (2024: £2,404,971). RDA income is received from multiple source CLwrate support & events Legacies 6096 Leqacy, qifts and donations are by their natu￿ variable and difficult to predict. Leqacies have become a major source of income and the generosity of those who choose to remember RDA in their wills remains of long-tem) importance to the charity. The breakdown of these income streams is further detailed in Note 2 to the accounts. RDA is orateful for all the financial support it receives from such a wide range of dLMors. these ranqe from national orqanisations like Peoples Postcode Lottery through to individual Pay As You Earn donations. all of which without, ROA would be unable to undertake the charitable activities that have such an impact on peoples lives. 26

Expenditu Expenditure totalled £2.944,586 increasing by 896 on previous year (2024: £2.722.110). The material reasons for the increase were: Resources - recruiting to fill vacancies to strength membership support. plus in(￿ased cost associated with national levels of pay and remur)erations (£240k increase in 2024125). Safeguarding - programmes rolled out to volunteers and coaches (£12k increase in 2024125). Extemal expertise- investment to build strong fvndraising foundations for the future. including impact data (£80k increase in 2024125). Supporting organisational and govemance development (£l(Y)k increase in 2024125). The above were offset by underspends of some E2COk in controllable costs. Overall grants awarded directly to groups totalled £3 1.460 (2024: £103.26?) with the reduction aliqned to the ceasing of a Sport England grant in 2023124. Balance Sheet as at 31 March 2025 The value of the charitable group's net assets amounted to E7.796. 81812024: £6,974,748). an increase of £822.070112%) due primarily to the surplus forthe year. A significant proportion of RDA'S net assets (80%) a￿ held in fixed assets. Fixed assets are split between operational assets (51%) and investments (4￿). The value of investment5 heid by the group as at 31 March 2024 was £3.077.00112024: £3,237.7101. the decrease is due to investment losses as referenced below Investments The Trustees seek to maintain the real value of RDA'S investment portfolio. while at the same time generating a balanced return from income and capital growth. JM Finn & Co is engaqed to advise the Trustees on investment matters. The Over the year ended 31st March 2025 the Investment Committee meets reqularly with the portfolio depreciated -2.3% in total return terms. investment advisers to review performance and behind the benchmark return of +2.796, although to review the investment policy. This policy the investment managers have continued to accepts that there is a need to encourage best maintain the portfolio's overall income flow over practice in socially responsible investrnent "SRI.. the past year. With the interest rates now fallino and the mix of the portfolio it is well positioned to benefit from this Scenario and should continue to produce a sustainable level of income. A tender process will be undertaken in 2025 to ensure the Charity is maximising its retum on investments. generated from the investments on the advice of the Investment Adviser5. Investment income was £114.44412024: £99.193). 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 72% at the year end and the balance was held in bonds. infrastructure and property funds. Principal risks and uncertainties The Trustees continue to Monitor the major risks to which the Charity is exposed. A risk reqister is in place and systems and procedures supportinq the mitiqation of risks faced. The Trustees monitor these proportions, the portfolio performance and overall income 27

Key risks are reviewed durinq the year as part of a cycle of periodic review to ensure that risks are accurate, mitigations a￿ updated, actioned and continue to meet the needs of the Charity. Risk is considered fom)ally 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 six key corporate risks and associated mitigating action is set out below: Risk Summary mitigations l. Fundralsinz Income does not provide sufFicient fundinEforthe Charityto operate. The charity has invested in additional fundraising capacity. ensuring that fundraising resources evidence the p055tive impact RDA activities have on participants and volunteers. 2. De¢lining member groups, owing to operational challenges of groups including the ability I to fundraise, recruit I volunteers and find suitable l equines. RDA recognises the need to support groups tothrive and be able to recruit new volunteers to support demand and raise funds. In 2025 a rebrand will commence to clarify purpose, in support of fundraising and volunteer re¢ruitment. New partnerships with commercial equestrian providers will enable additional participation opportunities and greater equine capacity. 3. Serfous Incldents impacting on thesafety of participants. volunteers. staff and equines. RDA is committed to ensuringthe safetyof all involved in RDA activities (including equine51. Routine comprehensive training is undertaken: policies. processes and procedures are periodically reviewed and updated. RDA is part of British Equestrian's reporting framework on both safeguarding and equine welfare. 4.RDA UK may not fully meet the evolving expectatlons of federation I members regarding the delivery of its services. RDA UK maintains a clear and well-communicated membership offer, ensuring that members understand the benefits and support available. The organisation is committed to continuously enhancing service delivery and member engagement. RDA UK will continue to engage | groups to help prioritise its services in response to their needs. 5. Governance may not fully refiect federation I needs or manage differing view5, effecting decision making and compliance. The Trustees started a review of the Charity5 governance arrangements to ensure they are fit for purpose and comply with the Charwty Governance Code. In 2025 new advisory groups are being established to assist in future decision making for the federation. and we are proposing updates to our Articles of Association to reflect the broad activity of RDA groups. 6. Changing societal support for the responsible use of horses (soclal licence to operate) result in reputational risk to the Charity. RDA'S commitmenrto equine welfare is paramount and aliens to standards set by governing bodies and legislation. Alongside British l 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. All of RDA'S risks could potentially impact on rewtation and financial sustainability: operational risk5 and mitigations are monitored separately informing the corporate risk register. 28

Reserves policy and going concern Non-current designated - these funds amount to The Trustee5 aim to ensu￿ that the charity holds £3.108.452 12024: E3.172.455). represented by sufficient reserves to provide a high deqree of National Training ceTrt￿ and National Office, the financial resilience in the event of a period of reduction is due to the repayment in year of the financial difficulty. Last year exceptionally the CBILS loan. Trustees approved a general reserve minimum balance of 5 months for this year. The current policy is for 6 - 12 months of operational expenditure to be covered in unrestricted reserves. The Tnjstees keep the purposes for which the major current designated funds We￿ set up under view, 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 Whe￿ the money was raised in accordance with the objectives of the organisation. RDA'S unrestricted General Funds These comprise funds used for any purpose so long as they meet the aims and objectives of the organisation. RDA continues to work with the reqional teams to develop plans specific to each region which will allow us to provide riders, drivers, volunteers and groups with an excellent service and support. These funds amounted to £1.693.445 (2024: E 1,400,067), representinq approximately 6.65 months12024: 5.53 months) of normal business as usual expenditure. The increase is reflective of Restricted Funds the two material ur)restricted legacies received in Fund5 for a particular purpose defined by the 2024125 and is a welcome retum to the Charity's donor and where assets must be used in a minimum reserve level. reasonable period from receipt. These funds amounted to £1,031,36812024: £1.086.328). RDA'S unrestricted Designated Funds These funds are earmarked formally for a particular purpose and can be formally Going Concern undesignated for general fund use. These are The charity has budgeted for an excess of split between a) current designated relating to expenditure over inc¢)me (a deficit) which is medium term activity and b) non-current relating £474.728 for the year to 31 March 2026. This is to Fixed Assets and long- term creditors. due to a planned and considered investment. in key area5 to support income generation. RDA has sufficient reserves to absorb this planned deficit. Current designated - these funds amount to £1.963,55312024: £1.277.663) and cover regional and activity led balances. plus the In the medium term, the Fundraising Strategy cost of investment required to mitiqate risks aims to diversify and increase total income. the and drive income generation financial plan reflects thi5 a5 well as the investment needed for key areas of investment. The increase in these funds aligns is Over a four year period. including 2024125. this predominantly due to the investrnent reqUI￿d for financial plan is expetted to deliver a return on its the 8rand, Research and Impact and Income investmenL generation projects approved in the 2025126 budget process. The Trustees consider that preparinq these financial statements on a going concern basis is appropriate and that there are no material uncertainties that impact upon the Charity's ability to continue opecatinq. 29

Fundraisinq Practices RDA UK takes its responsibilities as a fvndraiser seriously and is acutely aware that the worl( of the organisation is reliant on the qoodvill and financial support of the many individuals and orqani5ations who generously donate money to the Charity. The vnajor forms of fundraised iftcome are grants. major donors. corporate partnerships. gifts and legacies. In each case, we take Ca￿ to manage the expectations. requirements ar￿ wishes of the donor. The Charity is registered with the Fundraising Regulator. and we make every effort to meet their standards; during the year to March 202S. we received nil12024: nil) complaints about fundraising practices or those of anyone fundraising on our behalf. Alongside this we also ensu￿ our fundraising practices comply with current GDPR practice. We a￿ supported by many generous and committed individuals who raise money for RDA by taking part in a variety of activities. and in these cases we provide guidance. where possible. to ensure that they a150 meet the standards that we define. During the year to 31 March 2025, we did not use the services of any extemal professional fundraisers. However we work with several payroll giving agencies to recruit regular donors to gift directly from their salarie5. We also work with several companies who support us by donating a percentage of profits on specific items that are sold for our charitable attivities- in these cases we have agreements in place on the delivery of the partnership. It should be noted that RDA UK raises funds to support the work described in this Annual Report. As a federation. our member qroups raise their own funds and the￿fOre their fundraising practices fall outside the scope of this report. However, we work hard to support our member groups. fundraisino and to ensure that they also act reasonably and in line with RDA values, ensuring our fijndraisino is inclusive, respectful and accessible, and that our engagement with supporters aligns with our EDI goals. 30

Statement of Responsibilities of the Trustees The Trustees (who are also directors of RDA UK for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a tnje and fair view of the state of affairs of the company and group and of the incoming sources and apptication of resources, including the income and expenditu￿, of the charitable company or group for that period. In preparing the financial statements, the Trustees a￿ required to: Select suitable accounting p)licies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards and statements of recommended practice have been followed. subjert to any material departures disclosed, and explained in the financial statements- prepare the financial statements on the going concern basis. unless it is inappropriate to presume that the charity will continue in operation. The Trustees a￿ responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment1Scotland) Act 2005 and the Charities Accounts Iscotland) Regulations 2006 (as amended). They are also ￿sponSible for safeguarding the assets of the charitable company and group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Tnjstees are aware: there is no relevant audit information of which the charitable company's auditor is unaware, and the Trustees have taken all steps that they ouqht to have taken to make themselves aware of any relevant audit inforniation and to establish that the auditor is aware of that informati(￿. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Leoislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 202S was 390. The Trustees have no beneficial interest in the charity. 31

Auditor Sayer Vincent LLP has acted as the charrtable company'5 auditor during the year and has expressed its willingness to continue in that capacity. The TnJstee5' annual ￿port has been prepared in accordance with the special provisions applicable to companies subject to the small companies. regime. The Trustees. annual report has been approved by the Trustees on 17 September 2025 and signed on their behalf by Helena Vega-Lozano RDA UK Chair of the Board Simon Bragg Treasurer 32

Independent Auditors, Report To The Members Of Riding For The Disabled Association, Incorporating Carriage Driving We have audited the financial statements of Ridino for the Disabled Association incorporating Carriage Driving (the'parent charitable company.) and its subsidiaries (the'oroup'> for the year ended 31 March 2025. which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets. the consolidated statement of cash flows and the notes to the financial statements. including sionificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. includino FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United 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 affairs as at 31 March 2025 and of the qroup's incoming resources and application of resources, including its income and expenditure. for the year then ended Have been properly Q￿pared in accordance ￿￿th United Kingdom Generally Accepted Accounting Practice Have been prepared in accordance with the requi￿rnents of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2¢X)5 and regulations 6 and 8 of the Charities Accounts Iscotland) Regulation 2C%)6 las amended) Basis for opinion We conducted our audit in accordance with Ir)temational Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit 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 requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relaiino to ooing concern In auditing the financial statements. we have concluded that the Trustees, use of the qoing concern basis of accountinq in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions thaL individually or collectively. may cast significant doubt on Riding for the Disabled Association incorporating Carriage Driving's ability to continue as a goinq concern for a period of at least t￿￿1ve months from when the financial statements are authorised for issue. Our responsibilities and the ￿Sponsibl11t1es of the Trustees with respect to qoing concem are described in the relevant sectior)s of this report. 33

Other Information The other information comprises the information included in the Trustees, annual report other than the financial statements and our auditor's ￿port 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 inforTnation and, except to the extent otherwise explicitly stated in our report. we do r)ot express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider thether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify Such material inconsistencies or apparent material misstatements. are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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 that fact. We have nothinq to report 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 qiven in the tru5tees' annual report for the financial year for which the financial statements a￿ prepared is consistent with the financial statements The trustees. annual report has been prepared in accordance with applicable legal requirements Matters on which we are required to report by exception In the light of the knowledqe and understanding of the group and the parent charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the trustees. annual ￿Port. We have nothing to report in respect of the foll0v￿ng matters in relation to which the Companies Act 2006 and Charities Accounts (Scotland) ReguLitions 2006 (as amended) requires us to report to you if. in our opinion: Adequate accounting records have not been kept by the parent charitable company. or returns adequate for our audit have not been received from branches not visited by us: or The parent charitable company financial statements are not in aqreement with the accounting records and ￿turns." or Certain disclosures of trustees, remuneration specified by Law are not made: or We have not received all the information and explanations we require for our audit; or The dlrectors were not entitled to prepare the financial statements in accordance with the small companies. regime and take advantage of the Small companies. exemptions in p￿parIng the trustees. annual report and from the requirement to prepare a strategic report. 34

Responsibilities of trustees As explained more fijlly in the statement of trustees. ￿SpOnSIbl11t1es set OLrt in the trustees, annual report, the tnJstees (who are also the directors of the parent charitable company for the purposes of company law) a￿ responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the qroup's and the parent charitable company's ability to continue as a qoing concern, disclosing. as applicable. matters related to going concern and usino the going concern basis of accounting 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'5 responsibilities for the audit of the financial statements We have been appointed as auditor under settion 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts. Our objectives a￿ to obtain reasonable assurance about vthether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a ouarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and a￿ considered material if, individually or in the agoregate, they could reasonably be expetted to influence the economic decisions of users taken or) the basis of these financial statemen Irregularities, including fraud. are instances of non-compliance with Laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irreqularities. inclLKling fraud. The extent to wthich our procedures a￿ capable of detectinq irreqularities. including fraud a￿ set out belo Capability of the audit in detecting irregularities In identifying and asse5sino risks of material misstatement in respect of irregularities. including fraud and non-compliance with lavts and wulations. our procedures included the following- We enquired of manaqement. and the finance committee. which included obtaining and reviewing supporting documentation. conceming the charity's and group's policies and procedures ￿latIng to: Identifying, evaluating. and complying with Laws and regulations and whether they were aware of any instances of non-compliance: Detecting and responding to the ris￿ of fraud and whether they have knowledge of any actual. suspected, or alleqed fraud". The internal controls established to mitigate risks related to fraud or non-compliance with lav and regulations. 35

We inspected the minutes of meetings of those charged with governance. We obtained an understanding of the leqal and regulatory framework that the charity and group operates in, f¢xusing on those laws and regulations that had a material effett on the financial statements or that had a fundamental effect on the operations of the charity and qroup from our professional and sector experience. We communicated applicable laws and regulations throughout the audit team and ￿rna1ned alert to any indications of non-compliance throughout the audit. We reviewed any reports made to wuLators. We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. We perfomed 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 through management overTide of controls, we tested the appropriateness of journal entries and other adjustments. assessed whether the judgements made in making accounting estimates a￿ indicative of a potential bias and tested significant transactions that are unusual or those outside the norTnal course of business. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities. including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk InC￿aSe5 the rn0￿ that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraLKJ rather than error. as fraud involves intentional concealment, forgery, collusion. omission or mis￿PresentatIon. A further description of our ￿s￿onSIbl11tieS is available on the Financial Reporting Council's webslte at: This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 44(IXc) of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken so that we might state to the charitable company's rnembers those 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 sponsibility to anyone other than the charitable company and the charitable company'5 members as a body. for our audit work. for this report. or for the opinions we have formed. Fleur Holden (Senior statutory auditor) 9 October 2025 for and on behalf of Sayer Wincent LLP. Statutory Auditor 110 Golden Lane, LONDON. ECIY OTG Sayer Vincent LLP is eliqible to act as auditor in terTns of Section 1212 of the Companies Act 2006 36

Financial Statements Coftsolldated statement of flrtanclal a(rI￿deS CintyrkYJTrtfin9 kn incorne and exptmditure x¢ounr) rthe ended 31 14¥ch 2025 2025 T￿11 Unre51riCted 2024 Total Unre51Fi(ted RE51viaed Re5trined NDie Incorne from" Donation5 and legacie5 3.320.351 134.120 3,454.471 1.415.921 546.946 1,962,867 SupporT for Groups Support lor Volunteers Supporr lor Participan15 National Training CeDiie Other trad)n9 acfiviiies Inve5tmenr5 Orher incorDÈ 83.055 127 78.259 83,055 127 78,259 71.940 71.940 76.012 18.363 125.338 88.950 50.930 76,012 l B,363 125,338 99,193 124.398 134.671 26.414 124.398 146.467 26.431 l O,l43 197 TOMI ITrKome 3.77&591 145.932 3,924.523 1.647.585 557.386 2.404.971 EMpendiiur¢ on". Rai51ng funds Chaniable actl￿ri¢S Support for Croups Support for Voluntttrs Support for Participants Naii(bnal Trainin9 Centre TO1￿ expendlwr 584.154 613 584.767 470.043 3.055 473.098 696.593 644.734 376.969 517.418 32.252 Z6.886 44.916 20.051 728.845 671.620 421.885 537,469 591.898 486.526 252.526 556.065 108.966 74.345 700.864 660.871 3 17.643 569.634 11.569 2.819,861 124.718 Z.944,S86 2.359.058 363,052 2.722.110 Net Incofflellexpendlturel before net g￿￿$/¢10sseSI In¥e$tmnis 958.723 21.214 979,937 (517.473) 194.334 Ner galn5111osses) on inve51rntnrs {141.719) (16.1481 1157.86T) 84.484 9.771 94.255 Net ltycoMtl(eyptndityJrtl for the year 817.004 822.070 14l6,989) 204.105 {232,8841 Transfers ￿t￿￿En fvnds 27 60.026 (60.026) (6.414) 6.414 N¢1 rn4)vement In funds 877.030 154.9601 822.070 1433.403) 210.519 1222.8841 Reconclllatlon ol funds: Toial fvnds brought foThYard 5.888.420 1.086.328 6.974.748 6.321.823 875.809 7.197.632 TO￿1 fvTrds arrted forwd 6,765.450 1.031.361 7.796.818. 5.868.420 1.086.328 6.974.7482 All of the ab(w resulis are Irorn ConD￿uln9 •rtMIiE5. There we no rrther recognised gains (Y 10$5e5 than th)5e suied abgve. Movements in funds are disdosed Sn Note 27 to the D4nciaS statemwis. 37

Rldlng for the Dlsabled Ass¢xlation incorporatlng Carriage Drmng IRDA) Balance sheers Company no. 5010395 The gn)up 2025 The charlty 2025 2024 2024 Note Flxed asseis= Tangible assets Intangible asset5 Investments 3.168.452 24,445 3.077.001 3.232.455 3.168.452 24.445 3.077.004 3,232.455 3.237.710 3.237,713 6.269.898 6.470, 165 6.269.901 6.470.168 Current assets: Srock Debtors Cash at bank and in hand 5.900 646.087 1.521.516 7.349 552.203 567.5 38 S.249 689.511 ,472.331 6.807 577,004 497.731 20 2.173.503 1.127.090 2.167.091 1.081.542 Llabllltle5: Crediiors.. amounts falling due within one year 629.083 535.007 622.674 527.697 Nei current a55ets 1.544.420 592.083 .544.417 553.845 Total assets less current Ilabllltles Creditors." amounts fallin9 due after one year Totafnet assets 7.814.318 17.500 7.062.248 87,500 7.814.318 17.500 7,024.013 87.500 23 7.796.818 - 6,974.748 7.796.818 6,936,513 Funds.. Restricted income funds Unrestricted income fund5'. Designated funds General funds Non-charitable trading fund5 Total unrestrlcted funds 27 1.031.368 1.086.328 1.031.368 1.086.328 5.072.005 1.693.445 4.450.118 1.400.067 38.235 5.072.005 1.693.445 4.450.118 1,400.067 6.765.4SO 5,888.420 6.765.450 5,850.185 TOt￿-fvnds . 7.796.818 6.974.7_48 7.796.818 6,936.513 Approved by the trustees 17 September 2025 and signed on their behalf by Helena Vega-Lozano Chair Simon Bragg Treasurer 38

Rldlng for the Dlsabled Associatlon inctyporatyng Carrlage l)rb¥ing IRDA) Consolidated Statement of cash flows Reconuliailon of net Income I lexpendiDJrel to net cash fr(•n operatlng actlvlties Noie 2025 2024 Cash flows from operatlng actlvTrtles ei incomel(expenditure) for the reporting period las per ihe siaiement of financial actiiiie5) Depreciation charges LossesllGain51 on investment5 Dividends and Inrerest from Inve51fflent5 Profil on the disposal of f4xed a5seis Decrease In stocks Increase In debrors Increase In creditors 822.070 107.506 1 $7.867 {146.467) (222.884) 101.216 194.2SS) 199.193) 18.610) 9SO 169,1421 8.490 1,449 193.8841 94.076 Net cash wovdled by (used Inl operailng m1¥l￿e5 942.617 1383,4281 Cash flws frorn In¥esiing atti￿¢1¢$.. Dividend5 and interesr from Investments Pr¢Keeds from the sale of fixed assets Purchase of fixed assets Pr¢Keeds frtsm sale of investments Purchase of investmefirs 146.467 99.193 14.210 (49.3241 647.282 (631.749) (67.9481 623.763 1621.3781 Net Cash provldtd by Invesilng actmyes 80.904 79.612 Cash fl(MTS from fiTrandn9 all1￿11¢%= Cash outho-. repayrnent of ltsans 170.000) 170.0001 Net cash vsed financln9 a£ii¥ltles 170.0001 170,0001 Change in cash and cash equivalents In the year 953.521 1373,8161 Cash and cash equivalents at the beginning of the year Change in cash held by invesrment broker pendin9 reinvestment at the of the year Cash and cash equlwdlents at the end of the year 567.538 947.431 457 16,0771 1.521.516 567.5381 Analysis of cash and cash equi¥71enrs and of net debt At l April 2024 Cash flows Non-coh movemenis At 31 March 2025 Cash ai bank and in hdfid 567.538 953.978 1,521,516 Total cash and rash equivalenis 567.538 953.978 1.521,516 loans falling due within one year Loan5 falling due after fflwe than one year 170.OiXII 187.5001 70.000 170.000) 70,000 170,0001 117,5001 Total 410.038 7.023.978 1.434.016 39

Rldlng for th Dlsabled A5Jacialitin Incorwatln9 Cvriaye Drhn9 (ROA) Notts to the financial siarefflEnls I k¢tyJminq poli<les 4) STallIt￿Y Informati• Ridin9 for the Di5atyled A55wiaiion iocorpor•tiry Camaye Ontriry is • thJritaWe COM￿￿¥ limifed ￿ 9uafante 15 iniorporated in Ihe United Kingdom. Tht reg15fered office addrtss is CIO Veal¢ Wasbrough Wilards LLP. Narrow ￿aY HousÈ. Plo¥fLwi Quay. Bristol. e54 4QA. Tht printipal ￿are of bu5ine5S is L￿and5 Eguoslrian CÈnir4. Crfd Road. Shr4ey. Wantyick. CV35 7AX. b) tssls of prewatiafi The financial statements havE been prepared in ar¢rydanct and RepNtiog ty ChariDe5 Sialement ol Recommtndtd Practice awliuble to charities prepalln9 their a¢counis in accordarbcewith the Flnantial RtptsrtlDg Siandard applicable in the UK and Rewbli< ofireland (FRS 102) {Charif￿5 9)RP FAS 1021. the financi41 R¢portiny Standard applicatyle in rhe UK anJ Republic of Irelan41 (FR5 102) and the c(￿PanieS Att 2006. Asse15 Jnd liabilities are Iniiialty rcagrmstd at hiStOfiuI cost trtnsauion value Vhless stated in the tdevant a¢tOuntlfig pdicy tsr note. These finarKial s¢afernent5 consdiJaie the re5u115 Df th¢ ¢hani•ble ils Whol￿-Owned Subsidiarie5 RDA ffradin9) Lirniied and Loland5 Egueslrian Centr¢ Drniied on A lih lint basis. TranSaCtion4 and balanCS beTween the charitablè ¢ompany ahd ir5 sub51diane5 ha¥¢ b¢n ¢I￿1n&t¢4 fmm Eh tL¥b5didared staitments. 8alah¢ts btt4Èn the charitablt c¥mpany and its subsidiar1e5 are d151105¢d in ihe noie5 of the chariiable cornporrfs balantt sheei. A 5eparafe StaremtNi vf financsal atliviiies. or in{ome and ÈMpndiiure account. faw tharitablo cornpan¥ iisÈlf is not WÈSen1￿ bÈ<ause the thaniablè cethpanv has iaken Idy￿19 oltht txernpiions affortled ty %tUOn 408 of th¢ Ctsrnparwes A¢t 2006. In applying the finanrial repNting frJMy4￿rk. the rvu51ee5 have r￿￿¢ a numbEr tsf $ubje(ti￿ judgtrnen￿. for exarnple in respect of 5ignificani accounting e51im4te5. E5tirnat¢5 and judgments are cwtinually ¥aluated and are bastd histwral eMpEfinCQ and other fKtors. Indudiry ÈMpeoation5 of future events that are ixliy¥ed io bÈ reasonable under Iht tif¢vm5rances. ThÈ hatur< of the esrimaiion mean5 the atlual ouic¢)mES rwld difkr from th95t eStin￿leS. Any 5ignificanl Èslimates and jud9emenES affcting ihe5e financi& sialM￿r5 ar dtailod tho relÉ¥ahi ￿tou￿1•9 Pol￿ bÈlaw. ¢} Publlc benefit eniity The chariiablt company n￿r5 Ih of a pulyic bonefit entity undef FRS 102. dl GuTng concern Thè trusree5 Cons￿[ thaT ihri are no mainal uhtllanties ¥boul ¢haritablt companrfs ability to contlThu¢ as a 9fMng The irustees do noi cM5ider that there •re any 50ur(es OF estimaiiThi ¥nrertainty at the repgrnng dale ihai have a signifitarti ris of causin9 a material adjusfrnEnt to the urrying 4rnouniS of 055e15 •nd lia￿111￿￿ within the nExt reportin9 penod. q) Income Income is recognised then the <haDty h45 entitlernenl 10 rhe fvnds. any perftymance ¢wdiThQnS aUathd to the Intome ben mei. 51 is probable that the inc¢Mne ￿11 be recei%Yd and ihJr the arn(￿nE can bt mea5vred ￿lIabty. Income from governmtnl an41 orher grants, whother.cap1￿. grant5 ar.￿￿￿nU<. 9fants, is ¥ecoyni$￿ When ihe chaTiryf has entitlement to the fvr￿s, arry perfwTrwKe cwditsans atL4ched to the gr¥nts been met. It Is probablt that the in¢t)me lll b received and the ampunt ran be measured rdi•bly and is not defefred. For Itgaties. Ènlidtmernt is takeh as the earlier ofthe datt thl Thhich tilhtr." the chuity IS aware tbar probare has been granted. the estatE has bEen frnalised and nuti1cailr￿ has been rnade ty the executor(s) ro the charity that a distriburi(￿ will be made. or when ¢J151fibulion is recei￿d from tht estate. Receipt ora legacy. In hole or In part. 15 only considered probable when the amount can be measured rtliably and the Chanry has been notified OF iht exttutty's Intention io make a distribution_ Where legacies have been notified io the thaThty. ov the charity is aware oFthe grantin9 of P¢¢)baie. and the ￿terIa foi income re<ogniDon have been rn￿. Ihen the legaty is a treated as a cortiD9eni asset and disclosed Il rnateDal. In<orne received In adYanÈt of the pr¢Msion uf a Spttihod Se￿tr 1% dEferrtd untll tht ttiLria inC¢Yne reco9nititsrn are mt. n Drfftatl•ns of glfts. seThices aThd facilltoes Donaied profe551on415enrices and donared faoliDrs arE r¢cogni5ed a5 inromE whtn the charity has tmirol ovEr rh¢ item Dr rCtived ihe 5enri(e. any tr￿￿111￿5 •ssoEiated with Iht donation have been MÈI. thE rttelpt ol ettsnomic benefit frorn the USÈ by Ihe tharity OF ihe item 15 prtjbable and that e¢MthrM¢ bonefit can be rn¢a5urtd Ttliabty. In act¢Trrdan£* with the Charities SORP IFRS 1021. wlunieer iirne 15 nor retDgnised so refer io lh¢ iru5rees' •nnyJl report far moye infrym•tion abDUt their coniribution. g) Inrertst rec￿￿ble IntÈre5t an funds htld on deposit is induded whtn rt¢ewablt ahd the amOuTr)t can bt mtasurtd rtliably ty the Charity. this is norrnJlly upan notification of iht Inlere5r paid payable ￿ ihe bank

Riding for the Di5abltd Asso¢i4¥th 1ncovpw￿nj Carriage <RDA) Nwes to the fin4n<ial 5taiefflenrs I Accouniing polldes IcMTlnue h) Fund accoun￿ft9 Rtstritied funds are ustd in •¢¢¢ydafittwith specific restrithons defined ty the donor_ Expendiiwe ass¢xiared wilh this triieria is <har9ed to ih¢ futhd. Unrestricted fund5 are donations and other inc(MrMng rsoyrie5 ￿￿•)￿e￿ ry yenorat￿ for the charifable purpDsS. De51gDared funds are unrestri¢ted fvnds earmarked ty the tru51ees p•rritular purposes. j) Expefidlture and irre£owtabl VAT Expendifure IS re<ognised afflce ihtre IS a leg¥ orligation to make a Pa￿reDI to a third party. it ss probablE that serttèmènt 4wll be requirod and arntyjnt of ihe oWiytiOD Can be measured reliably. Expenditure Is cla55ified under ihe folknin9 actitrity headings. C05r5 of ¥ai5ing lun45 relare ro the c05r5 incurred ihe [￿￿table campaw in induan9 third parties tLTr make ¥oluntary coniiibuiion5 to ii. as as the cosi of ary a{￿￿TIeS ￿th a fvndraisiry purpo and ihei¥ a550ciated 5UPPtsrt cosis." Expenditwe on charita1￿￿ acti¥itJe5 indudes the c05ts of delib￿n9 seTrice5 underraken 10 fvrther the pu￿05¢5 of the charity and their asso ch•ryed as • (951 atti¥ity fpr thich ihE eXper￿lIU￿ ¥vas incurTtd. Either dirtctly N indire5rs of the ceDiral function. IS ￿lDe￿ied In proportion io the dirtti t￿t% irtvolved. ¢overnance c05rs are the cost5 asswaied with the go¥¢rn￿re yr•n9erneniS of lh th￿lty. These ¢osis art aSSOCiated with ¢onsiiiuiiMal and 5tatutuy vequiremenrs and includE any costs a551Xlated ￿Trh strategi( rnanagernent of IhE thènty's acti￿tIes reallocated a5 k) Grants payablt Grab)ts payable are mado io thi￿ parties in Further4nr¢ oFthe charirf5 cie05. Single or rnulti-year grw15 are accoiinted for when either the iecipient has a rÈasonabl¢ eYpecrafr(￿ that they1￿11 recei￿ a grant and the IrusEees have agreed 19 pay the grant without Condit￿Th. w the reCipief+t has a reasona￿e exptttati¢ln that tw V•ill rKeive a grant arKI that any condition attaching ro the 9rant IS tyJtSide OF ih con¢rd of the <hanty. Prow5ionS for granis are Made whon Tht inTeittiLMTh to make a 9rant has been commvnicoied to ibe reciwent there is uncertalnty •btsut tiihor the tinwng al the graht Or tht amtyJnt of9rant payable. l) Opefatfjng lea5e5 Rental charge5 are charyed on a SIr￿ghr lirE ￿515 the tern of the kne. ml Tan9lble fixed a55eES ItErn% of equipment are capiialised where tht pu¥cha5e pnte eACteds £l.000. Depreu•ion costs are allocated to 4cii¥iiie5 gn the ba515 of ihe use of the related asSEtS in those a<tiwiies. Assets are revivwed for imwirment IF Cir<urnsrances iDdicaie their <arrytng value rnay excÈod ihtif nw rE￿Isable vdut and value in IISQ. Major comkh)nenr5 are ¢rea¢ed as a separate assei where they have signifitartrly different paLttrn% of t¢￿$uMpI1•ft of economic benefits at)d ale depre£i4red separately over its usefrll life. (hprecialion is pf¢wided at raws talculated roT4vDie the C¢lStol asser 10 115 esiimated residual value over its experted ustfvl life. The depre(iaTrDn raies vse are a5 f￿￿". Frethdd and leasthdd wopertv Le•s¢hold ImyovEmen15 EqLune and Ridiny Equi￿enr Flxtures. Fitting5 and OFfice Equipffle 50 years S- Ioyeaws I t4 IOvawS ID S ytars h) IntangSlAe fixed 455ets Intangiblè asstl% COSlin9 É1.1)00 tsr mor aro cap61￿1$ed and rncogfmsed Future economic benefits are probable. and rh cost or valut ol tht asset can be measurtd rliably. IniangitrAe 3$5eis are insiialty reroynised al co1. Aftor reCognitiL￿ under th cost m&Jol. IntansiblÈ ass￿ ar4 measured at cosr le55 aCcurnular￿ depreciation and any a¢tuMulated IrnwrmEnr ￿$¢$. Amoriisarim 15 pn5vid￿ M inranyiblo asse1 ai raios cakulaied ￿ write off th cost of each a#SI On a STraight-Ilr*e basls 0￿r ils expected usehd lift.

Rldlng tar tht ￿sIbld in¢wptyabng Cath49 1)ri¥rfng (AOA) tr4oies to iht finantial Slalements l Arcowiing pdives o) Usthd ID¥4stmnis arè a Forrn of basic fifiantia ins¥rurneni arbd arn Initial￿ recogrykd at their fran5Ktion value and 5ub5equen¥ly mtaSurEd ai ihtit I￿rYalUe as ai Iht balance sheei dale Usin9 the closing quoitd markei pnce. Any chaTrgt In fair value will be rrcogn15ed In the siaierneni of financial •llMTieS and any exteSS of lair value Over the hisrori< cosi ol ihe investments will be included wthin general reser¥e5 In the balante shtet. lTrve51rnent gains and IDSStS are shown ih thè hadin9'Net gainS11105ses) inve51meniS In the stsierneni of finan[1￿ a(tibatses. The charity doe5 riat acquire put opDon5. dETi¥aUYeS or Dther complex financial inSlrumtnt5_ In¥e4Th￿nts in 5ub5idlahe5 Investment in Subsidiar￿5 are al ¢OSI. p) Srocks Srocks are st•ed #t the oFc05r •n(I re￿1$ble In gene￿. ¢051 is dttewmined On a fitsi in first (trul basis and includes IrlnSP¢)rt and handling tOSlS. W1 r￿lIsa￿t valtsè is th pric èi which Si¢xks C¥$ be ith normal course of buSinss after allLy￿￿9 for costs of realisation. Prwsion IS madewthere Necessary for ob501ete. SILW rnowng and dele financial 455er5 and financial liabiliTits of a kind thai qU￿lfy as basic financial in5trurnents. &asiC finahclal Instrurnenls are Illi￿allY recogni5od al transatlion valut and 5ubsequfiifyf mÈasured ai iheif selllmèni value iih the exception or bank l¢Mns whith are subsequent￿T rneagured ai amortiSQ(S ¢osE usirwj the tffttti% Ihierest rnethDd. v) Ptths•hs The charity operaie5 defined contribuThon ptn5ion scheTrbes ft>r rhe knefit of its stalf. The penslQn Cg5t charged in tht starernenr gi acti%•rie5 ts lhe In￿￿nI 17f <Oftirtbytiwis payth for Ihè yw. Differnce5 between C4)t)IAbuliOnS ptyable for ¢he Yejr and ¢t￿rnbull0n5 p4141 are h(yn as wther •¢¢ru•ls I￿¢paYMents i(1 the bal¥n¢e sheet. 2 kncoThe from donrons and legxies 2025 TO￿ Uryesirictod 2024 Total Lknre51riCted Re5rri(red Gifts and gran15 Ltgacies Fundraisiw and 5POnsorship 812.813 2.370.999 36.SJ9 105.8S3 24.0001 52.267 918.666 2.346.999 188,806 1.052.744 294.754 68.443 264.001 208.724 74.221 .316.745 S03.458 142.664 3.320.351 3,454.471 546.946 .962.867 The balance of negaTh¥E resrr((red lega￿ Inc*pTre of [24.000 bas arisen M ihe derecogrrf¢iw of a legary OF £25.QOO re(et&%d in priaryÈ&. which w45 substquenily dElÈrmined not to be intended ftr the Chuity. CoftsequenT￿. Ihe Itgacy has been dereco9nised In the currenr year rarher rhan r¢5taling prioryear fiyvre5. 42

Rldlng for the 0151bl•d Assodamon Incrryratlng Cwtl•gr Otmng (R Noie5 to ihe flnancial statements 3 Income from thavitable 4<ihrftl 2025 TOT 2024 Toial Nember groups. sutystripiit￿s 83.055 71,940 Sub-ioial for Suppart for Gr)ups 13.055 71.940 Dressage incorne 127 Sub-loi￿ for Support forvdwteers 12? Natipnil Charnpionships Edycation Inc¢￿ Coa<hing Income SSsbility Ilark 70.073 S8.732 1.674 5.200 16.060 sub-to1￿ Sypwr PartKiPanlS 78.259 76.012 Hov50 afid ¥rtuè hifQ 18.363 5ub-toial foi Mationol Trairun9 Centre 18.363 Toral Income frlyn Ihariiable at11￿11$ 172.756 166,446 All inctyre from tharitthe atti￿[￿S is unrtstrittsd in both pttiod5. 4 Incorne Irom other tr•diny a¢ti%4ti•s 202S To 2024 Total J&Èoi 3,198 82.399 36.355 4.557 84.426 Sale olgift5 and Chrisimas cards ComMer<ial eqltestrian act1￿[•¢$ 124.398 125.338 All Income from other tradin9 15 wKesIriu￿ in both per￿s. S In£¢WTrQ from Invosiments 202S 20Z4 Total Un￿$1￿cle0 Unr#iricted Resiri(ied IncDrn from lis1￿ In¥Èstrnents 134.672 11.795 146.467 88.950 10.243 99.193 134.672 146.467 88.950 10.243 99.193 6 Other incirtnE 2025 2024 Total L*¥e5thrred Rtsthutd TO1￿ UnrestTlCted Entry lees in<ome- regional even Profit on dispos￿ olhmed a55e15 Other incorne 23.915 25,932 20.427 8.61 21.893 197 20.624 8.610 21.893 2.499 2.499 26.414 16.4Jl 50.930 197 43

71 AnthsSsof co￿+31 >Jpwtfty S4pkwfot S¥pport tot 2025 T¢¢ (05¢$ C¢5t% Stsff CD5ts 111 frint5 togfDup5 kegiofts support YT￿AP5 Ni[loNIChimpftships £¢a(hin4 a￿d qualifKitk>lS 544.159 31.460 74.OSO 401.J6B 94Z 132.445 74,OSO 715 bI￿rty. FUr￿Ts￿9 & Oe¥¢10￿￿t &x(Essknlrty rna Hor3•Catt 155 44259 64,525 16.656 57.295 119.5gD REITuitment Costs 4.696 It9V4tdi Dtpre(iaTion VAT 7.491 441.177 419.9)5 212.599 )60.M 302.499 669,490 2.944.546 Su￿rt(D51saNJ1i￿n 165.699 95.9J8 1669.4 Co¥ernaft(t (05¢5 6D.OIÉ 69.UOO 55.10$ (102.4 Tolal•xyndttuK Z025 511.767 728.845 5J7.45Y .YM.516 Tofal ¢XPEnditu￿ IDI4 ?W.864 66D.811 317.613 -'All¢thtcDsts-ir<Wesdppr¢o*Sin.offK¢ exr¢n5e5. tr¢ro515of ¢t

Aldlng forthÈ tm5ab￿4 ASS*K￿lIn￿ curi￿ OrV￿ry IALW Fo 7b oltxptndliiATr yur> Cwt al 5uppJrt for S￿￿>￿ &JFVOrt fcr NAt￿Nal rii5iry fvnds P5 ParyKiPWllS Trtinin9CÈnirÈ SUp￿rt 2024 Toul CQ51S 159.976 133.935 103.267 80.717 264.874 51.054 225.711 153.310 1,16Z,448 103.267 88,717 Giant5 to group5 (t4ott 91 Rt9iOnS SuPPOn lor gr0￿p5 NaI￿nal Champ￿￿?hi￿s Coachifig and 9ualilKAtI￿5 Irfvestment managernenl Le9al and Yofess￿ Icify. FundiaiSIffl9 & Ebtrts Trainin9 & Tr4¥el Cosis Horse Cait 154.505 91.375 98.375 23,040 115.797 58.609 46.664 57.311 48.336 23.040 148.384 67.413 58.609 24.2 10.041 12.333 57.302 10.835 In5Utan(t Itthatyed RecNitrnEnt C05t5 70.042 71.309 tO.6B3 5afeguardiry AGM 555 13.077 11.077 Dpweciai IrreC0¥era￿ VAT l othercosts 15ee bel￿￿) 46.324 48.938 69.426 95.Z62 69.426 16.966 239 3.924 361.$80 Jis.os> 241.897 J44.213 2JS,$83 919,238 SuppDrt toSiS IB9.DB7 67.682 179.435 (919.2381 Co￿rnIn(￿ costs 68,f4)Z 58,3D7 14.229 5.916 Tot•1 ¢xpendltiirn 2024 473.091 660.871 $69.614 '￿1 other cost5- IncludE5 dep￿CHIl0￿. office expEn5E5. IP¢cv5l5oF5LthwJ￿ Underta￿￿￿5. tr. yofe55w¥ t¢(. 45

PJdlh4 A510(llwln¢wp•rir4 fTr4wJ14r NOTES to Ihe I￿n(l¥j 51aremtntJ Fwt ended 31 Pkn<b Z025 Grant mthrvj Graits ro IASlllUliOIlS 202S 2024 Cranis to RDAffi¢mbor 9r 31,460 11,460 Grani$ are p offera# forgrwp5- Al 9r•nt5 4re mxlvto RU4 grcups. CraN5 Wtre madE a5 Narth CurnwAII RDAgr Nvbury RDAgroup Horsè Range15 ADAgvrJtsP Ilsabeth Curt15 RDA gr￿p Wakefrtld ROA 9foyo w1n￿Yke RDA 911￿p Wesl Norfolk RDA Reach ROA 9roup Total of ill 9rartS. upt¥ £5.000 10 RDA VW1$12025'34 waiit 10.ooo 9.93S 9.356 S.287 7,200 s.soo 5.650 S.998 44,340 31.460 31.460 103,267 Nt IncaTh4 l oxptndliuro fDrthi y s 15 sfafed Char￿llg I IcredMgl. 2025 2024 pr¢tialiO IFrDfitl on diSWSalof assrfs Oporaling lease ronLils ¥e(er•able. FropErtY Qperaling leA5E ￿￿.. OthET Auditorfs Fernur￿￿tiOn lexilu6ing VATr 107.509 2.472 17,796 2.350 Olhor 5eMCQS 2.OOD 10 Anatysls olstaff ¥4 the oly••¥ern¢rt perwvKI ZOZ5 2024 Sialf <o515wEre 45 1.378.297 121.S48 S2.012 20,712 social Costs Ernploytr'5 Icffjllibut￿ft to dfin￿(anInb￿I￿n PEThSiW khEm Ceher forms ofornpwe 81,580 l.S72,639 .260.067 Olert￿￿+t¢S rectyrtd benefftslexdroJtryknr c0515 niti0h￿ inSLYancei dunn9 thevear berwW. 2025 2Q24 E IOQ.ON- 1109.999 E70.000- 179.999 E60.fW- £69.999 Iglal tmployee linr1￿Jir0jt￿￿fftr PEn5K￿Lo￿t1b￿myIS empfvmrfs knsw•nceloFih key ftwwgernent ￿r#an￿ £402.401 5 I￿t512024." £2B4.314". 8 The char￿ Tiu5ieeswe not p￿d Ihty rffery4nv ¢thtr btnEfft5 frgrn iih ihE In thtyear 12024". £Dill. The CharlryTiustees did rtteNt p¥ffjRnt for SVbi

¥¢l tht JtaiEffleirti For ibe artnded 31 20Z5 11 Stallnumbois Th¢ Trtvag¢ Ofenwa￿S Ifvm oqwAltni) tho V¥wa$ 370024". 311. 12 R¢laled pmy Eravila(Vons AyEgate ¢bJNDOns from reknttd IZ024. 135.2SOI. T¥¥￿￿￿)￿$ betswn gr0upertrt￿9￿e disc￿$e0 In note 17. 13 Taxailon The ¢h￿l[¥ is fiom asall 5 ch¥itabbEand is aPF4iod forilwablE purpo￿￿. Tr [￿rAv,$ Iradl Subsidiarits. RDAITr>JW LwY¥ltd ahd Lty4wd5Eqw5trwTrCeMre knffli¢ed.gft wofit5to the went ¢hulty. yioup ¢har9è io corpww in vearw•S' ZOZ5 2024 UK corwrlt￿I￿ * 25%12024_" 25X) 14 ffxed a$5ets Giw and Charmy Ewe and Frethyd l￿d Freewd rix¢ure5 4nd nttln9 T¢rt41 eqwipment Cost At the s¢art of tht vear Alditions In ytir 5.f 1.713.149 194,41) 29,559 36.$32 13.944 ),749.￿4 43.SOJ Al Ihe ih¢fftr s.w) 2.713.U9 223,972 SO.476 1.793.297 Oepre¢latla At rhe start of tht yo•r Ch¥9È for ¢tho ¥oJr 370.911 69,326 24.255 8.788 517,359 107.St16 29,392 At rho ond ofiheyt Net ty4okv￿Ut ihE end olthi yev 440.267 33.043 624.845 805.wb 2.2PI.S82 72.4J7 17.43J 3.16&4S2 At sLvt ofthoye¥ 805.0 2.342.K8 F2.270 ),232,455 Fvooh&d lir￿ ilh I￿Ye ol (105.QQD12024." IIOS.I¥X)l 15 Ibx depre(ialed. l oftht assets￿¥St￿ftsr ch¥iEth pwotsst 47

Plthng the Olsabled IMarptsmlWJc￿ 11 Forihe ear ended 31 I￿r¢￿ 202S 15 INaDglWo nxed a5$4ts Cr¢JUP and ch￿ Tor Addilion5 in Ve¥ 24.445 24.445 Ai th nd of Ihe ve¥ 24.445 Z4,445 14rt book￿ At iho oltho ¥0¥ 24.445 Z4.445 l Ihe 51art of th¢yur All of t￿lb￿e ass￿% are vsed lor 1647.2821 94,255 fl $1,167) 3.040,J16 3.200.638 3.040.389 3.200.641 Cash imStrn¢rrt tffl¢kerp￿Iry r01Th￿trne1ir J6.615 37.072 36.615 37.072 F￿r¥￿u• at eTrJ olihy*•r 3.077,OQl 3.237.710 3.0?7.004 The gro 2025 2024 2025 2024 Common inwe5trnent funds Sh¥es lisred on the Lwdon stock Exthan 1th115tod Shales ul LK rt9IMered <fyTwfAes Cash 75.446 2.964.910 54.388 3.146,250 75,446 2.964,94D 54.188 3.146.250 36.615 37.072 36.615 37.07Z 3.077.LK)I 3.077.W4 48

dlng fwtht DIS￿￿0 ljrMf• (RDA) Notes to finaDiritEd Equestr￿￿ Ctntre Lirniled. bllth coMpa￿leS rtgi51Ered in EryL4nd and W¥ès eoth<ompwts Irt Used for rbtyn-sKirnary purposE tradlTrJ JCTkAtl¢s. All atts¥ilies bEen¢oThsolhlatEd on a linE ty linE b4515 in Xeiiierti of fihar¢i¥ a¢TThi¥v5. A¥wlaWe wDfiis ¥edi5Yribvitd v￿oet91ft to the charitabk c4rnpany. A ofihe 01 boih SubShJwv 1$ 51y)ts For ROA ￿ra&￿I9)Iy￿[￿d Loh4Jnds EquesrNin Cenlit Lifflitod. reg15t•rod èifxt addi•55 15CiOVeèkWasbruugh V5tards LLP. Narr¢￿ HWS¢. tr44rrtyth￿. Brill￿. s54￿[ and th￿ prrnwl F4a(t 15 iotsnd5 EquES¢van Centre. Old Wan4Kk Rv•J, Shr￿eY. Wi<k, CV35 7AX. ROAifradlng) Urn61od IOZS ZOZ4 2025 ZOl4 TUr￿¢Ver Cost ol Wes 82.398 127.5741 64.426 3.198 4.557 15401 Gloss profrt 59.759 2.577 AdrninIJtiat￿e exPEn￿5 Q4.?24) 2.57 12.998J Profil iln OrdI￿ry￿￿￿5 Taxafia Jo.100 38.235 Profil for finartial ¥ 3QlOO 38.235 Tota retahied eainir45 braL￿￿ fowd Prafll f4r iht finarKial year D151nbuiioTh Mder Gift Pjd ID 3¢235 30.100 168.ais 5.199 ThE agvttwe olthe a55ets. •ff4lfvnd5TM" 51.4 (51.479) 68.95S 130.719) tiabilitls Funds 38.236 Amtsunls to IhE partn¥￿r￿m￿lry are in noi¢ 20. I￿1L￿40WIlhIll adrn1Th51ratr¥¢ xpertstsofR￿1f￿1d1￿141 is a rrwrnont ofE5QO Q024 EI.0001 Irom thE paront qnliry Loxland5 EquMiian CtNrt knmited It￿¢ IS am¥meN <h9e of 116.00012024 116.0001 fttim parent entity Inclu￿&￿¢￿￿ cost 015a￿s￿l LO1￿￿J9£9u￿sl￿￿c¢nrrn is • bvse charye of É20.225 (ZOZ4. 115.7631 rrom The p¥eni In ¢he ytar. a Oeed lCowenartw￿ put in o1xtbef￿￿ RL￿4Th[ L￿41￿J$ E4Ut5Erian CEfytrt LwM¢d. The Compty t¢)yÈr4nis ro pay the Charity as qtsalifyinq in r5#￿ ol each Ptrityj ¥1 CvnpAtyan Sum to thE profils of the Cornparrfor that relvanl ic<ounlkig ptrtd. Tho dIstn￿r￿jTr rnade in Sar ItFYeSniS ihE d￿￿110Th ofthe PErityJ lÉ38.JZ51 curr0￿1 perityj proflis 1130.100]. 18 Pthnt ¢hary par*N <h¥itys gru55 lDrthpY￿ ¥edlsdosed ￿1￿1￿.. Z025 2024 Gross Incomt Result fOrt￿Year 3.943.9•5 860.503 2.394.¥71 49

d1￿9 tar the D15•W￿ Ipr For ihE ewmded 31 M¥<h 202$ 19 Stork Th <h￿ty 2025 2025 202 IO24 liniSbed 9ood5 5.9NJ 7.349 5.249 fj.807 5.9CO) 7.349 5249 6.807 20 Dqbtors Thegr 2025 2Q2 202$ ZO24 Afflo¥rrts after than •ne y¢ar. hti dtbt¢r5 5.000 s.ooo Arnoun15 d￿￿¢thIn ¢Jntyetr. debiws AMOU￿1% ir￿11￿ sthldiies VAT dtblor OthÈrdebtorS Prepa¥fflent5 Ar<rued Uegaries) 6&306 29.736 66.497 47.930 19,584 27.537 JO.398 19.SA4 41.651 47.550 466.910 13.427 163.093 47.366 76Z.S27 44.$34 293.581 45.269 468.910 61&0ll7 552.203 689,51 577.004 2T Crethrs.. ZOZ5 2024 202$ 2014 Bank loans Trade ¢reditows Taxation sol￿• Stturity Othof credilor5 A(crL415 Oeleried IKoffleP4ot 221 70.000 269.243 36.223 9.439 59.739 10.000 70.000 269,118 34.1 9.439 5S,4•0 184,439 7D.O 171.696 1&207 7.032 20.428 7.032 175.644 178.644 629.083 sa5.￿7 622.674 527.697 Deferred Inco￿ cryise5 [fflrorne rettrrfed iTr•tsarfe•fe¥eMS. Th w•up 202S 2024 102S 2024 kalanre ar be9indtyaf theytar Athoyni rel¢ase4 to Incom¢ Pl ¢htyw Arnount d•ftrred in I￿Ve¥ 17¢644 1162.144) 167.939 193.150 174.644 193.250 158.644 157.9J9 158.644 7U.43 17&6I4 184,439 178.644 SQ

Nrfes to ihE stittmerrts Forth r 31 Z015 23 Cre4•rs: du• Ont T￿ tharfty 202S 202S 2024 Z024 i?,soo 87.5ts) 17,$00 87.$00 17.SOO 87.SOJ 17.5tX) 87.500 k loanStw￿l1ry 187,SOO 12024 I157.$001 are 5ecwÈd WnST Eq￿StrIan[entr￿. Inlunt 2020. Ihe<h•rityagrttdwh ) £350.000 ￿lr knthrwptim Loan 5th•rno IC8ILSI. T for a 6 y¢ar torm al an Inte¥eSt t•f 2.25XMr b4$ rai¢. thE term5 pf CWLS thE Inter¢5t rate forlhpfir51 12 months in effetl. Inlurn 2021. ￿1￿$1 tare fixtd al a 2.S9 24 Pension CharifyoperateS Two defitied ¢ontri￿￿10n sthETh￿. kn e¥h Ca￿thE as￿1% Df Sthtmtsue hdd separ4tely f¥onh rhtrseof IhE charitable ¢¢rnpatyy. in an indeoetidtntty adrn1rlste￿d ffU￿. 25 Fln•YW 102S 2024 In¥ostm•nlS 3.0rf.396 3.200,638 nablwtbes thi•wh w•frt ov loss 87.$00 227.$00 26ll ADatysls of 9roup Mt a51q15 b•iwo¢Tr hmdsf(wYurt¥) Oe5ignaied Rostricted Fund5 TC1￿ fund5 Thxod a5%Qt5 Intaryiblè fixed assots It￿¢$￿mentS Nei ¢urrii Jssot LOtyEtrm li3￿1111￿% 3.101.452 24.445 I.J22.180 663.633 60.000 3.16C4S2 24,445 3.077,001 r,$44,420 646.749 324.619 556.168 1401 at 31 l¢arth 102S 1.664,240 S.101.210 1.031.361 7.796.118 26b *Ws15 ofgraiip rrt •Jsets ¢neval Dt¥natEd futyjs Restrioed funds rara fvffld5 60. 867.65a 158.670 3332.455 3.237,710 $92.OBJ 117.5QO) .215.942 222.360 1.43&302 4.450.111 1.016.321 974.748 si

Forihe ar 31 20ZS 17a In l¢urroni Al l 2024 IntomÈ Elpththiurt 5 aid h755t5 At 31 Nar¢h zozs fun&5 OndudltyJ pwposes).. rued Asst15 lin 160.OZ61 1.031.361 Re91ons and countios- Ta furthwthtobN(15of ihE<h•r ih4rt ihéiv 9eowapNtal uea. . The Worshipfth olF•rierS- Todelr•f 9rwp wpport. S9S.330 89.6ZI 1109.8951 571,915 12.6 365 iiJrknJ) to drNo UK fUndr￿￿ry <aplilies ro irnpr¢prt ￿r￿*￿t5 to SiOUP5. 234.42• 983 519,032 754.W Irom Eksaberh Cwtis. Stella Hanto(k.A P•t 85.596 1.693.445 Tmal Mrtstrk¢ed fvnds 5.188.420 4.057.990 13.240.986) 60,026 6,765.450 Tot4 fvnds 6.974.748 4.203.923 13.381.853 -IA&JOtd 1£20￿0}f￿Ed 155tt5. 52

N¢ltes ¢0 rhe finandal SEaltrnEntJ Fw the derf 31 mtrch 2QZ5 14vMents ¢pikryw) 1 l Z023 offle and EXI￿dil￿re and losses At 30 Maych 2024 Restrfcted fw•¢s pwpose5)'. . Fixed Asseis findwjity oui¢hase ofety4res 70S.412 236.075 11.3n 92&5ZZ Re9iots1I ènd reS¢rided lundin9- to bontfit t Xli￿71es ¢Wr¥Èred xioss RDA UK'S 17 iogmj eTrsurt t SIr￿e91¢ objectivos tsf ihE o￿nIsat￿ ¥¢dEknved. ThE <apiyreJ 53 fvr￿S. 60.000 . EqulrArnt- for Lwknds EouyJtvi￿CQrrtre￿d rE•ty. 2.596 11.0451 5.6Jl partiripanis. ie NryfrèSlr￿awo- 10 Suppr￿ Eqimne C¥e ar LO￿5 Eque5triaD CtNre EqulM- Gye af LOAl￿d5 equ05tri￿ Cenlwe &w51v de¥elopmÈrt . CLVllPEliliins- SPKifi<th 41.614 41.674 3.948 10.f 14.9631 1.985 9.584 7.515 9.514 61.ISO 160.150) 1.000 - coachiTr￿ TrwThng and assoc￿ted 4aMlie5- 10 5UPPM ThE coKhiry irfra5turctureof group5. Iw.100 11S0.2791 30,Y32 . 5wrt Erffjl￿d lufvJin9- at ttntfitin9 p¥IKipaMs whowish fo acres5 thsKal RDA rewity¢4 fvnds 875.•J9 1363.0521 6.414 1,086.328 Lknvosirtlxed funds OKl¥dlty pwpoms)." Doslgned fundi.. . Rtgions and counuu- Tofixdmf thtotsJEtt5 DfthE wjithin thtir 9pugr¥hi& aro ThWor5NpfulComparry ofFuriers ICddi￿r￿￿ 541.656 87.943 185.4J9) SD.170 595,330 43.799 2.764 (33.865) 12,694 . StratEgv lurA- Otsig￿ld iw inTsIrnEryI In kv¢ IXgan51atioThal ￿￿￿0PMtTrt iso.co) 234.429 A<IMfieS funds- 5UPPUrtMWJ spetsfic a¢iMtie5 dosi9n liom EiisabothCtsryi%. ma￿D￿k.A ￿tch and Oanctfund. 19S.S 206.191 CtOgraF*ical funds- S￿p￿xt5ry glova￿l(lI ¥e desin9ated from fufflds bv G and CilbErt PrKe. GTrni thJ￿- iMWo￿￿ents ie4uir¢4 èl a 9rty• Wto all9￿ wlih ihe stwegic objtrn¥QS of Ihe ¢hthty. n,606 151.$60 4.849 IS6.409 Total CLYreni designated lund NOn-￿rrent desiyfflated fur￿%.. Fixed 455015 fur . CBIL$104n r¢payrnent fvnd )07.79S 50.170 1.277.66J 3.W2.441 227.500 12.$08 17CI.iYJOI 3.014.955 157.500 Total non-cuirtrt fuTrJS 3.229.947 3,172,455 Tafal deslihaltd I￿￿15 4.48S.SEO 107.795 4.4$0,111 GÈnwal funds 908 1.400.067 38.235 45.199 .983 19S,94n Total fund 1.932.069 12,3S9.0581 5.888.420 7.127.612 2.499.226 (2.722.110) .974,748 53

Fortht tfflded 31 2025 28 Opornlno l•as tomrnrtrnonrs The grtyjp's ioiil fuiurt Min1￿￿Th leastp•wrrtJ TrJTr-urKelaWe operw as ft41ryAs fty each of tho Ptriods." Equiprn 2025 2024 yat On to fhYyew5 Z.085 4.357 2.386 6,442 4.5QJ 29 OptMlno Itast rec￿¢ •s al¢svJr A￿￿u￿t% r(e￿atIe ￿ ih 9fWP ￿￿je1 ￿lse$ fomrrtvs for exh Df the I￿l￿Alry pol￿." PrOWIty 2025 2014 Less than ont ¥ear One to ytars 33.955 19.107 19.807 SJ.762 30 Lryal The Ctrwity is a cornparty limited hJ5TrJ sh¥4 Tho in wont or￿n￿r& Is Iirn*ed io 54

RDA I •PEOPLESO' j POSTCODE •LOTTERY• ' Riding forth* Disabled A$so¢ia¢lon Incorpoi•iing Carriage Drf¥lff•g PO¥TCODEvl Riding for the Disabled Association is supported by players of People's Postcode Lottery. RDA POSTCODE PEOPLE'S POSTCODE ANIMAL LOTTERY TRUST