Charity registration number: 701178
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Annual Report and Financial Statements
for the Year Ended 31 March 2025
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 18 |
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Reference and Administrative Details
Chairman David Wright Trustees David Wright Jason Liddle Belma Kumar Robert Brindley Iain Ashby Sarah Gadsby Charity Registration Number 701178 Principal Office Valley Road Galley Common NUNEATON Warwickshire CV10 9NJ Independent Examiner Wright & Co. Chartered Accountants 2 Longrood Road RUGBY Warwickshire CV22 7RG
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.
Objectives and activities
Objects and aims
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 of service is provided. the Charity continues to look for further capital funding to improve the facilities availabe to our users including disabled accessibility.
Public benefit
When planning the Charity's activities for the year the Trustees have considered the Commossion's guidance on public benefit.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management Financial instruments
Objectives and policies
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Trustees' Report (continued)
The annual report was approved by the trustees of the charity on 26 January 2026 and signed on its behalf by:
......................................... David Wright Chairman and trustee
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 26 January 2026 and signed on its behalf by:
......................................... David Wright Chairman and trustee
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Independent Examiner's Report to the trustees of Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
I report to the trustees on my examination of the accounts of Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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 ‘true and fair 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 enable a proper understanding of the accounts to be reached.
...................................... Wright & Co. Chartered Accountants 2 Longrood Road RUGBY Warwickshire CV22 7RG
26 January 2026
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Statement of Financial Activities for the Year Ended 31 March 2025
| Note Income and Endowments from: Donations and legacies Investment income 3 Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 Note Income and Endowments from: Donations and legacies Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted funds £ 326,207 1,152 38,376 365,735 (69,807) (266,784) (336,591) 29,144 29,144 68,610 97,754 Unrestricted funds £ 205,584 42,070 247,654 (43,686) (214,192) (257,878) (10,224) (10,224) 78,834 68,610 |
Restricted funds £ - - - - - - - - - 63,241 63,241 Restricted funds £ - - - - - - - - 63,241 63,241 |
Total 2025 £ 326,207 1,152 38,376 |
|---|---|---|---|
| 365,735 | |||
| (69,807) (266,784) |
|||
| (336,591) | |||
| 29,144 | |||
| 29,144 131,851 |
|||
| 160,995 | |||
| Total 2024 £ 205,584 42,070 |
|||
| 247,654 | |||
| (43,686) (214,192) |
|||
| (257,878) | |||
| (10,224) | |||
| (10,224) 142,075 |
|||
| 131,851 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 17.
The notes on pages 8 to 18 form an integral part of these financial statements. Page 6
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
(Registration number: 701178) Balance Sheet as at 31 March 2025
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand 14 Creditors: Amounts falling due within one year 15 Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year 16 Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 17 |
2025 £ 78,960 - 101,216 101,216 (6,960) 94,256 173,216 (12,221) 160,995 63,241 97,754 160,995 |
2024 £ 92,804 2,842 82,884 |
|---|---|---|
| 85,726 (24,743) |
||
| 60,983 | ||
| 153,787 (21,936) |
||
| 131,851 | ||
| 63,241 68,610 |
||
| 131,851 |
The financial statements on pages 6 to 18 were approved by the trustees, and authorised for issue on 26 January 2026 and signed on their behalf by:
......................................... David Wright Chairman and trustee
The notes on pages 8 to 18 form an integral part of these financial statements. Page 7
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities Regular giving and capital donations Total for 2025 Total for 2024 3 Investment income Interest receivable and similar income; Interest receivable on bank deposits Total for 2025 |
Unrestricted funds General £ 4,406 158,202 163,599 326,207 205,584 Unrestricted funds General £ 1,152 1,152 |
Total funds £ 4,406 158,202 163,599 |
|---|---|---|
| 326,207 | ||
| 205,584 | ||
| Total funds £ 1,152 |
||
| 1,152 |
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
4 Other income
| Rental income Total for 2025 Total for 2024 |
Unrestricted funds General £ 38,376 38,376 42,070 |
Total funds £ 38,376 |
|---|---|---|
| 38,376 | ||
| 42,070 |
5 Expenditure on raising funds
a) Costs of trading activities
| Note Costs of goods sold Total for 2025 Total for 2024 b) Investment management costs Note Allocated support costs Total for 2025 Total for 2024 |
Unrestricted funds General £ 62,452 62,452 36,327 Unrestricted funds General £ 7,355 7,355 7,359 |
Total funds £ 62,452 |
|---|---|---|
| 62,452 | ||
| 36,327 | ||
| Total funds £ 7,355 |
||
| 7,355 | ||
| 7,359 |
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
| 6 Expenditure on charitable activities Note Governance costs Total for 2024 |
Unrestricted funds General £ 266,784 214,192 |
Total costs £ Total funds £ 266,784 |
|---|---|---|
| 214,192 |
Total expenditure £
| 7 Analysis of governance and support costs Governance costs Staff costs Wages and salaries Other staff costs Audit fees Other fees paid to auditors Legal fees Depreciation, amortisation and other similar costs Other governance costs Total for 2025 Total for 2024 8 Net incoming/outgoing resources Net incoming/(outgoing) resources for the year include: Depreciation of fixed assets |
Unrestricted funds General £ 143,215 1,175 8,476 24,050 13,845 76,023 266,784 214,192 2025 £ 13,845 |
Total funds £ 143,215 1,175 8,476 24,050 13,845 76,023 |
|---|---|---|
| 266,784 | ||
| 214,192 | ||
| 2024 £ 14,354 |
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
9 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | ||
|---|---|---|
| Staff costs during the year were: Wages and salaries Other staff costs |
2025 £ 143,215 1,175 144,390 |
2024 £ 116,948 15,537 |
| 132,485 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Employees | 2025 No 8 |
2024 No 8 |
|---|---|---|
No employee received emoluments of more than £60,000 during the year
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
10 Auditors' remuneration
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
| Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Land and buildings £ 221,497 221,497 156,469 11,475 167,944 53,553 65,028 |
Furniture and equipment £ 58,965 58,965 33,707 1,740 35,447 23,518 25,258 |
Motor vehicles £ 14,150 14,150 11,632 629 12,261 1,889 2,518 |
Total £ 294,612 |
|---|---|---|---|---|
| 294,612 | ||||
| 201,808 13,844 |
||||
| 215,652 | ||||
| 78,960 | ||||
| 92,804 |
Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £53,553 (2024 - £65,028) in respect of leaseholds.
13 Debtors
| Trade debtors Prepayments |
2025 £ - - - |
2024 £ 766 2,076 |
|---|---|---|
| 2,842 |
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Debtors includes £Nil (2024: £766) receivable after more than one year.
| Trade debtors 14 Cash and cash equivalents Cash at bank 15 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals 16 Creditors: amounts falling due after one year Bank loans 17 Funds Balance at 1 April 2024 £ Unrestricted funds General - Designated 68,610 Total unrestricted funds 68,610 Restricted funds 63,241 Total funds 131,851 |
Incoming resources £ 365,735 - 365,735 - 365,735 |
2025 £ - 2025 £ 101,216 2025 £ 3,301 1,258 1 2,400 6,960 2025 £ 12,221 Resources expended £ (336,591) - (336,591) - (336,591) |
2024 £ 766 |
|---|---|---|---|
| 2024 £ 82,884 |
|||
| 2024 £ 18,301 1,552 2,490 2,400 |
|||
| 24,743 | |||
| 2024 £ 21,936 |
|||
| Balance at 31 March 2025 £ 29,144 68,610 |
|||
| 97,754 63,241 |
|||
| 160,995 |
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Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
| Unrestricted funds General Designated Total unrestricted funds Restricted funds Total funds |
Balance at 1 April 2023 £ - 78,834 78,834 63,241 142,075 |
Incoming resources £ 247,654 - 247,654 - 247,654 |
Resources expended £ (257,878) - (257,878) - (257,878) |
Balance at 31 March 2024 £ (10,224) 78,834 |
|---|---|---|---|---|
| 68,610 63,241 |
||||
| 131,851 |
18 Analysis of net assets between funds
| Current liabilities Creditors over 1 year Total net assets 19 Analysis of net funds Cash at bank and in hand Net debt Net debt |
Unrestricted funds Designated £ (20,791) (21,936) (42,727) At 1 April 2024 £ 82,884 82,884 At 1 April 2023 £ - |
Total funds at 31 March 2024 £ (20,791) (21,936) |
|---|---|---|
| (42,727) | ||
| At 31 March 2025 £ 82,884 82,884 At 31 March 2024 £ - |
Page 18
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Statement of Financial Activities by fund for the Year Ended 31 March 2025
| Income and Endowments from: Donations and legacies Investment income Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2025 £ 326,207 1,152 38,376 365,735 (69,807) (266,784) (336,591) 29,144 29,144 68,610 97,754 |
Total Unrestricted Funds 2024 £ 205,584 - 42,070 |
|---|---|---|
| 247,654 | ||
| (43,686) (214,192) |
||
| (257,878) | ||
| (10,224) | ||
| (10,224) 78,834 |
||
| 68,610 |
This page does not form part of the statutory financial statements. Page 19
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Statement of Financial Activities by fund for the Year Ended 31 March 2025 (continued)
| Income and Endowments from: Expenditure on: Net income/(expenditure) Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Restricted Funds 2025 £ - 63,241 63,241 |
Total Restricted Funds 2024 £ - 63,241 |
|---|---|---|
| 63,241 |
This page does not form part of the statutory financial statements. Page 20
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Income and Endowments from: Donations and legacies (analysed below) Investment income (analysed below) Other income (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2025 £ 326,207 1,152 38,376 365,735 (69,807) (266,784) (336,591) 29,144 29,144 131,851 160,995 |
Total 2024 £ 205,584 - 42,070 |
|---|---|---|
| 247,654 | ||
| (43,686) (214,192) |
||
| (257,878) | ||
| (10,224) | ||
| (10,224) 142,075 |
||
| 131,851 |
This page does not form part of the statutory financial statements. Page 21
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (continued)
| Donations and legacies Donations and gifts Grants - other agencies Trading activities Investment income Interest on cash deposits Other income Rental income Raising funds Horse feed Purchases Vets fees Travelling Riding equipment Health & safety Charitable activities Wages and salaries Rider instructor fees Staff training Support costs Rates Light, heat and power Insurance Repairs and maintenance Telephone and fax Office expenses Computer software and maintenance costs Trade subscriptions Sundry expenses Cleaning Accountancy fees Legal and professional fees Bank charges |
Total 2025 £ 4,406 158,202 163,599 326,207 1,152 1,152 38,376 38,376 (11,186) (51,266) (4,896) (253) (1,095) (1,111) (69,807) (134,455) (8,760) (95) (1,080) (6,893) (11,608) (7,054) (21,614) (2,372) (1,032) (15,630) (1,802) (728) (3,673) (8,476) (24,050) (2,684) |
Total 2024 £ 26,056 30,891 148,637 |
|---|---|---|
| 205,584 | ||
| - | ||
| - | ||
| 42,070 | ||
| 42,070 | ||
| (8,963) (27,364) (4,173) (95) (1,074) (2,017) |
||
| (43,686) | ||
| (109,188) (7,760) (1,459) (14,078) (2,494) (16,692) (7,298) (4,872) (1,909) (2,541) (1,952) (1,527) (6,571) (4,201) (12,335) (2,088) (1,628) |
This page does not form part of the statutory financial statements. Page 22
Nuneaton & North Warwickshire Equestrian Centre Riding For The Disabled
Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (continued)
| Loan interest Depreciation of long leasehold property Depreciation of fixtures and fittings Depreciation of motor vehicles |
Total 2025 £ (933) (11,475) (1,740) (630) (266,784) |
Total 2024 £ (1,245) (11,476) (2,039) (839) |
|---|---|---|
| (214,192) |
This page does not form part of the statutory financial statements. Page 23