HM Revenue & Customs Charity Reference : NIC 107047
Companies House Ref NI 645409
Omagh RDA Limited
Unaudited Annual Report
Period Ended 30 April 2025
1
Omagh RDA Limited Unaudited Annual Report Period Ended 30 April 2025
| Pages | |
|---|---|
| Legal and Administrative Information | 2 |
| Directors' Report | 3 - 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 - 9 |
Omagh RDA Limited Legal and Administrative Information
2
Companies House Reference
Registered Charity Name
Registered Number
Directors
Miss L Carson Mrs G Garrett Mrs M McSorley Mrs F Monteith
NI645409
Omagh RDA Limited
NIC 107047
Life Members
Mr S Dukelow Mrs I Hassan Dr Jamshidi
Coaches
Committee Members
Miss L Carson Mrs G Garrett Mrs M McSorley Mrs F Monteith Mrs M Magee (Group Organiser) Ms S Harris Ms C McGee
Chairperson
Mrs F Monteith
Honorary Treasurer
Mrs G Garrett
Miss L Carson Ms N Elkin Mrs G Garrett Mrs B Hamilton Mrs S McElroy Miss G McSorley Mrs M McSorley Miss R McBride
Representatives
Miss N Elkin Miss R McBride
Ms J Januszewska & Ms M Ward
Riders' Representative Volunteers' Rep / Social Media Officer Young Volunteers' Reps
Honorary Secretary
Miss R McBride
Registered Address
28 Deverney Road Omagh Co Tyrone BT79 0JJ
Bankers
Danske Bank Limited 5-7 Market Street Omagh Co Tyrone BT78 1BN
3
Omagh RDA Limited Trustees' Report Period Ended 30 April 2025
The Directors present their Unaudited Annual Report and Financial Statements for the Period Ended 30 April 2025. The Financial Statements comply with applicable Accounting Standards in the United Kingdom (United Kingdom Generally Accepted Accounting Practice) and the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.
The Directors of the Charity, are detailed on page 2.
Structure, Governance, and Management
The Committee meet on a regular basis to review issues arising and to delegate tasks to the members.
Organisation
Committee members are appointed or re-appointed at the Annual General Meeting.
Objectives and Activities
The principal activity of the Charity is to provide a purpose built facility in which children and adults with special needs can take part in horse related activities in a safe, secure environment.
Public Benefit Statement
The Charity is satisfied that it adheres to the public benefit test set out by the Charity Commission for Northern Ireland due to the objectives and activities it provides as outlined above.
Achievements and Performance
The Directors and volunteers have worked diligently so that the Charity can continue to endeavour to operate in accordance with its mission statement and to meet future challenges.
Plans for Future Periods
The Charity will continue to apply for, and use, for the purpose of their further development any grants which become available to them.
Financial Review
Transfer of Assets
On 11 July 2024, the Trustees of Omagh Group Riding For The Disabled transferred all of their assets to Omagh Rda Ltd, valued at £129,004.
Results
The results for the year are set out in the Income and Expendiure Account on page 5.
The total net incoming resources of the Charity for the period was a deficit of £1,550. The Charity has total net assets of £127,454 at the period end.
Risk Management
The Directors have actively reviewed the major risks to which the charity is exposed, in particular those relating to child protection policies and health and safety issues. In order to counteract this, all instructors are taught first aid and attend regular regional training courses.
Volunteers
The Charity continues to be extremely grateful for the unstinting efforts of its volunteers, who have been involved in ensuring the safety of both the horses and the centre itself. These same volunteers have also fundraised and sought grant support to secure the future of the Charity.
At this time it is not possible to accurately quantify these volunteer efforts, except to say that this work has secured the future of the Charity going forward, and for this the Directors are profoundly grateful.
Taxation
The association is a registered charity, and as such is entitiled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the Charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
Omagh RDA Limited Directors' Report (Continued) Period Ended 30 April 2025
4
Statement of Directors' Responsibilities
Company law requires the directors to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the company and of the results of the company for that period. In preparing those financial statements, the directors are required to
a) select suitable accounting policies and then apply them consistently,
b) make judgments and estimates that are reasonable and prudent,
- c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
______ Miss R McBride Honorary Secretary
Date :
5
Omagh RDA Limited Income and Expenditure Account Period Ended 30 April 2025
| Period Ended 30 April 2025 | ||||||
|---|---|---|---|---|---|---|
| 2 | 0 | 2 | 5 | |||
| Note | £ | £ | ||||
| Income | ||||||
| General Income | 9147 | |||||
| Cost of Income | ||||||
| Equestrian Costs | 8349 | |||||
| Other Direct Costs | 51 | |||||
| ( | 8400 ) | |||||
| Gross Surplus | 747 | |||||
| Expenses | ||||||
| Building Costs | 1364 | |||||
| Other Expenses | 933 | |||||
| ( | 2297 ) | |||||
| Operational Surplus (Deficit) | for the | Year | ( | 1550 ) | ||
| Capital Costs | ( | 0 ) | ||||
| Net Movement in Funds | 2 | ( | 1550 ) |
All amounts relate to the continuing operations of the company. The company has no recognised gains and losses other than those included in the results above and therefore no separate statement of total recognised gains and losses has been presented.
6
Omagh RDA Limited Balance Sheet Period Ended 30 April 2025
| Omagh RDA Limited Balance Sheet Period Ended 30 April 2025 |
|||||
|---|---|---|---|---|---|
| 30 April | |||||
| 2 | 0 | 2 | 5 | ||
| Note | £ | £ | |||
| Fixed Assets | |||||
| Land and Buildings | 6 | 126692 | |||
| Current Assets | |||||
| Cash at Bank and in Hand | 1604 | ||||
| Current Liabilities | |||||
| Creditors | 842 | ||||
| Net Current Assets (Liabilities) | 762 | ||||
| Net Assets | 127454 | ||||
| Capital | |||||
| Opening Capital | 0 | ||||
| Transfer from Omagh Group Riding for the Disabled | 129004 | ||||
| (Deficit) Surplus | ( | 1550 ) | |||
| Closing Capital | 7 | 127454 |
The Financial Statements on pages 5 to 9 were approved by the Directors and were signed on its behalf by :
______ Miss R McBride Honorary Secretary
Date:
7
Omagh RDA Limited Notes to the Financial Statements Period Ended 30 April 2025
1 Accounting Policies
These financial statements are prepared on the going concern basis under the historical cost convention and in accordance with applicable accounting standards including the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005. The principal accounting policies which have been applied consistently are set out below.
Tangible Fixed Assets
Tangible fixed assets are stated at historic cost less accumulated depreciation. The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual values, on a straight line basis over the expected useful economic lives of the assets concerned.
The cost of land is not depreciated.
Incoming Resources
Incoming resources are received by way of donations and gifts and are included in full in the statement of financial activities on receipt.
Grants Receivable
Income from grants, including capital grants is included in incoming resources when these are receivable, except as follows :
-
When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods.
-
When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met.
-
When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
Resources Expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each resticted fund is set out in the notes to the financial statements, if applicable.
8
Omagh RDA Limited Notes to the Financial Statements (Continued) Period Ended 30 April 2025
2 Detailed Income and Expenditure Account Note
| Note | ||||
|---|---|---|---|---|
| £ | £ | |||
| Income | ||||
| Arena | 580 | |||
| Shows/League | 151 | |||
| Boyds Bedding Donation | 2058 | |||
| Rider Donations | 0 | |||
| General Fundraising | 6358 | |||
| Grants | 0 | |||
| RDA National Office & Region | 0 | |||
| Bank Interest | 0 | 9147 | ||
| Hartpury Donations | 0 | |||
| Hartpury-RDA Nat Office & Region | 0 | 0 | ||
| 9147 | ||||
| Equestrian Costs | ||||
| Feed and Tack | 4792 | |||
| Bedding | 2058 | |||
| Farrier | 340 | |||
| Veterinary | 1159 | ( | 8349 ) | |
| Other Direct Costs | ||||
| Other Competitions / Events | 51 | |||
| Hartpury Competitions | 0 | ( | 51 ) | |
| Gross Surplus | 747 | |||
| Professional Fees | ||||
| Professional Fees | 0 | |||
| Professional Insurance | 0 | |||
| Tax Charges | 0 | |||
| 0 | ||||
| Building Costs | ||||
| Heat, Light, and Power | 80 | |||
| Water Rates | 216 | |||
| Buildings Insurance | 1006 | |||
| Maintenance and Repairs | 62 | |||
| 1364 | ||||
| Other Expenses | ||||
| Bank Charges | 126 | |||
| Other Insurance | 195 | |||
| Post and Stationery | 123 | |||
| Telephone | 23 | |||
| Education | 466 | |||
| 933 | ( | 2297 ) | ||
| Operational Surplus (Deficit) for the | Year | ( | 1550 ) | |
| Capital Costs | ||||
| Horse Purchase | 0 | |||
| Professional Fees | 0 | |||
| Paid from Operational Resources | ( | 0 | )( | 0 ) |
| Net Movement in Funds | ( | 1550 ) |
Omagh RDA Limited Notes to the Financial Statements (Continued) Period Ended 30 April 2025
9
3 Taxation
The company is not registered for VAT and accordingly, all its expenditure is recorded inclusive of any VAT incurred.
4 Employee Information
The charity had no employees during the period and no employees' emoluments exceeded £60,000.
5 Net Incoming Resources before Transfers
Indemnity insurance for trustees' liability has been put in place by the charity.
6 Tangible Fixed Assets
| 6 Tangible Fixed Assets | |||||
|---|---|---|---|---|---|
| Land and | |||||
| Buildings | |||||
| £ | |||||
| Cost | |||||
| Building Cost Recognised at 1 April 2024 | 0 | ||||
| Transfer from Omagh Group Riding For The Disabled | 126692 | ||||
| Land and Buildings Cost Recognised at | 30 | April 2025 | 126692 | ||
| Accumultated Depreciation | |||||
| At 1 April 2023 | 0 | ||||
| Charge for the Year | 0 | ||||
| At 30 April 2024 | 0 | ||||
| Net Book Value | |||||
| At 31 March 2024 | 0 | ||||
| At 30 April 2024 | 126692 | ||||
| 7 Funds | |||||
| Balance | Transfer | **Incoming ** | Utilised/ | Balance | |
| 1 April | from | **ResourcesReleased ** | 31 March | ||
| 2 0 2 | 3 | Omagh | 2 0 2 4 | ||
| RDA Ltd | |||||
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | 0 | 129004 | 9147 ( | 10697 ) | 127454 |
8 Ultimate Controlling Party
There is no ultimate controlling party.
Omagh RDA Limited Balance Sheet Period Ended 30 April 2025
Companies House Ref NI 645409
| Balance Sheet Period Ended 30 April 2025 |
|||
|---|---|---|---|
| Fixed Assets Land and Buildings Current Assets Cash at Bank and in Hand Current Liabilities Creditors Net Current Assets (Liabilities) Net Assets Capital |
30 April 2 0 2 5 £ £ 126692 1604 842 762 127454 127454 |
30 April 2 0 2 4 £ £ 0 0 0 0 0 0 |
|
| 0 | |||
| 0 |