## **NUNEATON & WARWICKSHIRE EQUESTRIAN CENTRE RIDING FOR DISABLED REPORT OF THE TRUSTEES for the year ended 31 March 2024** The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and activities** The Charity's main objective and principal activity continues to be that of providing horse riding activities for disabled persons and becoming a community hub for people to connect and support each other. The Charity engages trained instructors and selects suitable ponies to ensure a good quality level of service is provided. The Charity continues to look for further capital funding to improve the facilities available to our users including disabled accessibility. When planning the Charity's activities for the year the Trustees have considered the Commission's guidance on public benefit. ## **ACHIEVEMENT AND PERFORMANCE** The Trustees consider that the performance of the Charity for the year has been positive. Throughout the year, we have concentrated on rebalancing the reduced herd of highly trained therapy horses, ensuring that both the horses' well-being and the staff's welfare remained at the forefront of our operations. Building on our established success with Changing Lives through Horses (CLtH) and increasing support for young people, alongside the successful delivery of the Holiday Activities and Food (HAF) programme in partnership with Warwickshire County Council, we have expanded our support offerings to reach more individuals in need of our therapeutic activities. The Charity has been able to maintain a sound financial footing thanks to the ongoing generosity of local donors, grants from government and other organisations, and legacy funding from estates. These funding streams enabled us to stay focused on our key aims and have also allowed us to undertake prudent long-term planning, including managing the Bounce Back Loan effectively as part of our healthy reserves. We are pleased to report that our combined efforts have contributed to a significant reduction in the Charity's deficit from the previous year, and we continue towards breaking even for a more secure future. Volunteers have once again played a crucial role, offering vital assistance across all areas of our work. Their support has been instrumental in ensuring that our centre operates smoothly and that we remain responsive to the needs of our beneficiaries. Overall, the Trustees are satisfied that we have adapted well, maintaining robust operational standards and providing a valuable service to the community throughout this period.. ## **FINANCIAL REVIEW** ## **Reserves policy** The Trustees consider the financial position of the Charity to be satisfactory. The reserves stand at £131,851 in total on page 4. ## **FUTURE DEVELOPMENTS** The Trustees and staff are focused on leveraging our extensive in-house experience to develop innovative therapeutic interventions, particularly in supporting young people's mental health and general wellbeing. Our commitment to excellence in equine-assisted activities continues to evolve as we explore new ways to meet the changing needs of our community. A key strategic priority is the implementation of comprehensive digital solutions to streamline our operations. This includes modernising our back-office functions and enhancing the customer experience through improved booking and payment systems. These developments will ensure more efficient service delivery while maintaining our high standards of care and support. We are also developing robust outcomes-based models for our therapeutic interventions, ensuring that our services are underpinned by evidence-based practices. This approach will allow us to better demonstrate the impact of our work and continue to improve our service delivery based on measurable results. The Trustees are confident that these developments will strengthen our position as a leading provider of equine-assisted therapy services and ensure our long-term sustainability. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Appointment of trustees** Appointment of Trustees is governed by the constitution of the Charity. The board has the power to appoint additional trustees if it considers fit to do so. None of the trustees has any beneficial interest in the Charity. 16.01.2025 Approved by order of the board of trustees on ..... **..............................** .......... and signed on its behalf by: ........................................................................ Nirmal Singh – Chair of Trustees Registered Charity NTumbtt :_ 701178 NUNEATON & WARWICKSHIRE EQUESTRIAN CENTRE RIDING FOR DISABLED FDqANCIAL sTATEmE￿s FOR THE YEAR END 31 March 2024 92476392397 FOR THE YEAR ENDFD 31 Matth 2024 STA1EmEh￿ OFF1Tr4ANCL4L ACTIITfIES................................................._.................................................. BALANCE SHEET................................................................................................................................................ NOIES TO THE FTh"LN¥CL4L STATEMEhTS........................................................._......................................... FOR THE YEAR ENDFD 31 Matth 2024 Recommended categories b!: actiiih" ITnrestricted funds Restricted income fund5 Total Funds 2024 Total Funds 2023 Llotes Income and ÈndoJFments from: Donations and legacies 26.056 30.891 56.947 134.691 Chan"table actilities 148.637 148_637 92.283 Ini"es1ments 42.070 42.070 40.000 Tot21 216.763 30￿91 247.654 266974 E￿endIture on: Chan'table actiNities 215.253 42.625 257_878 284.91) Total 215253 257,878 284915 -Net incomel(expendAturÈ) 1,510 (11,734) (10224) (17941) Net moi"ement in hnds 1510 (11,734) (10224) 07941) Reconciliation of funds: Total fimds brought foni7rd 51.755 90.320 142.075 160.016 Tot21 funds t2rried forn.ard 53265 131,851 142,075 FORIHB YEARENDFD 31 March2024 RÈcommÈDdÈd c2tÈgoriÈs b!- actiiih- I'Drestricted funds Restricted income funds Total Funds 2024 Tot21 Funds 2023 Fixed assets Tangible assets 4).604 47.200 92.804 107_li9 Total fixed assets 47200 92￿04 107.159 Current assets Debtors 1.196 1.196 Cash at bank and in hand 6.2iO 82.884 80_328 T(tytal curreDt assets 77￿30 6.250 84.080 80.328 Creditors" amounts falling due ii-ithin one )"eai 24.74i 24.743 13_041 et curreut 2ssetsl(IA2bilities) 53,087 59,337 67.287 Tctyt21 assÈts less current liabilities 98,691 53,450 152,141 174.446 Creditors: amounts falling due after one vear 10 21.9i6 2l.9i6 i2_i71 Total net assets OT 76,7SS 53,450 130,205 142.075 FuDds of tbe Cbarili" Unreslricted fiMMIs )i.26i )i.26i il.7ii Restiicted income fijnds 78.i86 78.)86 90.)20 Endoiyment fimds Tctytal funds 53.26) 78 586 131.851 142.075 The fllmncial statements ii.ere approi.ed bj. the Board on Oi-li01'_2024 and sizned on its behalf by: Nirmal Singh - Trustee Tiustee FOR THE YEAR ENDFD 31 Matth 2024 l Accounting Policies 1.1 Accounting Policies The ptincipal accounting policies adopted by the Chatity. Thkn'ch is a pubhc benefit entsty. in the preparatton of the accounts are as folloii3. 12 Basls olpreparation These accounts haTr"e been prepared under the h￿torical cost coni"entioo as modified by the inelusion of charitable properties and fjxed asset ini"estments and mi"estment proputses at Tr-aluatio These accounts hai"e be￿1 prepared m acC￿d￿ce iiith ""Accounting and Reporting bv Charities". Statement of Recommended Pfactice aPp￿Cable to charittes Pteparing their accounts ￿ accordance iiith the Financthl Reportit]g Standard applicable in the LX, aod Repubhc of Ireland (FRS 102):: (effectii"e l Jalluar! 2019) - (Charities SORP (FRS 102)). the FuL￿ethI ReFM)rting Standtrd apphcable m the and Repubhc of Ireland (FRS 102) and the Chan"ties Act 2011. These accounts are ptesented in pounds sterling and rounded to the nearest p)und. IJ Going concern The Tnjstees hai"e prep￿ed financ￿1 projectsons. takmg into consideratson the cuffent economic conth'ti(K]s and hai"e, at the time of approiiDg these accounts. a TeasoDable expectation that the charity has adequate resources to continue in Ope￿lOnal existence for the foreseeable future. Thus they continue to adopt the gojng concern basis of accounting in weparing the accounts. 2 Income from Donations and Legacies I'nrestricted funds Restricted income ￿ndS Total ￿ndS 2024 Total funds 2023 Donation and gths General grants woiided by Goi"ernment'other chan'ties 26.Oi6 26.056 60.663 30.891 30.891 74.028 26.056 30.891 i6.947 134.691 FOR THE YEAR ENDFD 31 Matth 2024 3 Income from Charitable Activities I:Drestricted funds Total fuDds 2024 Total funds 2023 ADah'5iS Trading Actii"ities 148.637 14S,637 148.637 148.637 92.283 4 Income from Investments I'nrestricted fllnds Total funds 2024 Total ￿ndS 2023 Rentsl and leasing income 42.070 42_070 42.070 40.000 40.000 FOR THE YEAR ENDFD 31 Matth 2024 S Expenditure on Charitable Activities Total fund5 2024 Total funds 2023 An2h3is LegaL'professional fee5 ages and salan'es Rates & Water Support costs Insurance Light & Heat Telephone Postage & Stationery Sundries Horse Feed Mainlet￿nCe of ponies Trai"el & .Motor Expenses Bank Charges Repa￿S &. Renemrals Computer expenses Health alld safetS' 2.088 109.188 2.494 14.078 7.298 16.692 1.909 2.541 1.647 8.963 27.364 95 1.628 4.872 1.9)2 2.017 1.459 52 1.527 1.074 7.760 4.173 383 1,018 149.863 1.672 10.416 10.434 14.252 767 618 55 7.373 23.864 537 3.086 3.070 1.422 2.174 1.050 119 656 173 22.350 4.362 438 DBS costs Subscripttons and Licenses 'ding Equipment 'ding instructor fees 'ets fees Pest control Ei"ents Cleaning Equipment hire 3.818 4.?35 390 2.161 15.110 1.032 2.218 ?S4.915 4.807 14.355 1.245 12.335 257.878 Depreciation Interest pavable and similar charges Ac¢ountancTr aud Audit FOR THE YEAR ENDFD 31 Matth 2024 6 Tangible Fixed Assets 6.1 Cost or i"alllation Freehold Land & Buildings Plant & 112chAnerv JIotor l-ehides Fixtures & FAttAngs At 01 Awil 2023 65.028 18JOO 2.518 6.958 Additions Dtsp)sals R￿"ahlatioDS Transfer5 At 31 March 2024 65.028 18.300 2.518 6.958 62 Amorlisation and impairments Freehold Laud & Buddings Plant & Iachlnery FiItures & Fittlngs Iotor l ehides At 01 Apnl 2023 Additions Ih"sposals R￿"ah￿tiOnS Tfansfers At 31 March 2024 6.3 Net IM￿k 1.alue Freehold land & Buildings Plant & Iachinery FiI*ures & Fittlngs Iotor l ehides At 01 Apnl 2023 65.028 18.300 2.518 6.958 At 31 March 2024 6).028 18.300 2.518 6.958 FOR THE YEAR ENDFD 31 Matth 2024 7 Debtors: Amounts falling due within one year Total fuDds 2024 Total fuDds 2023 Prepa)ryuettts & aCcTh￿d income Trade debtors 430 766 8 Cash at bank and in hand Total fllnds 2024 Total funds 2023 Cash at bank and on hand 82.884 82.884 80.328 80.328 9 Creditors: Amounts falling due within one year Total funds 2024 Total funds 2023 Trade credit￿5 Accruals and deferred income Taxation and socthl security Otber creth.tors 18.301 2.400 1.5)2 2.490 24.743 3.861 9.180 13.041 10 Creditors: Amounts falling due after one year Total funds 2024 Total funds 2023 Bank loans and oi"erdrafts 21.936 32.371 FOR THE YEAR ENDFD 31 Matth 2024 11 Charity funds 11.1 Details of material funds held and moi-ements during the CLTRRENf reporting period Fund balauces brought fornard Fwid balances Ca￿led fornard Income Gains and losses Fund name5 Expenditure Transfers I'l￿estricted funds 51.755 216.763 (215.2i3) 53.265 Restricted income funds 90.320 30.891 (42.625) 78.586 Total 142.07) ?47.6)4 (2i7:878) 131.851 11.2 Details of material funds held and moi'ements during the PREIIOL:S reporting period Fund balances brought forward Fund balances caryied fonvard Fund n2mes Income Expenditure Transfers Gains and losses L nrestricted nds 81.215 240.345 (269_805) 51.755 Restricted income funds 78.801 26.629 (15.110) 90.320 Total 160.016 266.974 (284.915) 142.075 llJ Transfers betsYeeD fuuds This Year Amount Be￿"eett unrestricted attd restricted fimds Bettlren end0￿￿ent and restricted funds Beth"een endoThinent and unrestricted funds 10 FOR THE YEAR ENDFD 31 Matth 2024 Last Year Amount Befv"een ut]restricted and restricted funds Bett4"eea endoTrinent and restricted funds BeM"een endoThThent and unrestricted funds 11 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of NUNEATON AND NORTH WARWICKSHIRE EQUESTRIAN CENTRE RIDING FOR THE DISABLED On accounts for the year ended 3110312024 Charity no (if any) 701178 Set out on pages Iremen¢eF to include the i1um>È￿q tsf a￿O￿o￿al sheelsi I report to the trustees on my examination of the accounts of the above charity (Ihe Trusf) foi the year ended Responsibilities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance with the Chartties Act 2011 (Yhe Acr). I report in respect of my examination of the Trust's accounts Ca￿led out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by Ihe Charity Commission under section 145(5)(b) of the Act. Independent ￿he charity's gross income exceeded £250,000 and l am qualified to examinerfs statement undertake the examination by being a qualified member of ACCA. I have completed my examination. I confinn that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in, any material the accounting records were not kept in accordance with section 130 of the Act. or the accounts did not accord with the accounting records., or the accounts did not comply wrth the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue and fairf view which is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enab￿ a proper understanding of the accounts to be reached. Signed: Date: 2010112025 Name: SUNTHAFIALINGAM RAGAVAN Relevant professional qualification(s) or body (if any): FCCA IER October 2018 Address: 240 GROVE LANE BIRMINGHAM B20 2EY Section B Disclosure Onty complete rfthe examiner needs to highlight matters of concem (see CC32, Independent examination of charty accounts: directions and guidance for examiners). Give here details of any items that the examiner wishes to disclose. NONE IER October 2018