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← Drum Riding For The Disabled, Edinburgh

2025-06-30-accounts

DRUM RIDING FOR THE DISABLED, EDINBURGH

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Company Registration No: SC378245

Charity Registration No: SC005973

Drum Riding for the Disabled, Edinburgh

Contents of the Financial Statements For the year ended 30 June 2025

Pages
Trustees’ Report 1 - 7
Independent Examiner’s Report 8
Statement of Financial Activities (incorporating an Income
and Expenditure Account) 9
Balance Sheet 10 - 11
Notes to the Financial Statements 12 - 21

Drum Riding for the Disabled, Edinburgh

Trustees' Report For the year ended 30 June 2025

The Trustees have pleasure in presenting their report for the year ended 30 June 2025. This report is prepared in accordance with the Charites and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, and Accounting and Reporting for Charities: the 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).

OBJECTIVE AND ACTIVITIES

Drum Riding for the Disabled, Edinburgh (“Drum RDA” or “the Charity”) provides people from the supported communities of all ages with the opportunity to interact with and/or ride a pony and thus benefit from the therapeutic and lifeenhancing experiences that horses are known to give. Over recent years, Drum RDA has increased its involvement in helping people with mental health issues and wellbeing.

Benefits

The physical and mental challenge and stimulus derived from riding and interaction with horses bring the rewards of:

The relationships that develop within the Group are often of great benefit to our riders and carers outside. This widening of horizons may arouse further interest in equestrian, countryside and other activities.

With our ongoing groundwork-based sessions, targeting those who need help with mental health issues and wellbeing, we now have well established links with Lothian and Midlothian communities. Those who have attended the courses have all benefited and have commented extremely positively on their experiences here at the Drum. We are delighted to be able to report that some of the participants who attended the above course have now become volunteers on a regular basis.

TurnAround / Ground Work

As noted in last year’s annual accounts Trustees report, we have considered carefully how to appropriately use the outstanding £5,000 Restricted Fund while honouring its original purpose of funding young people needing help with social skills and interactions, self-esteem, relationships and self-worth. The Donor, Baillie Gifford, agreed for the fund to be used for two Ground Work courses.

One course was completed during the year financial year 24-25 and the second course was completed after the year end. There were six participants in each group. The participants learned the anatomy of the horse, massage, how to approach a horse and put a headcollar on, join up, leading, safety equipment, the blind spots of a horse, feeding and grooming, tying up, tack, lunging, bandaging legs, horse behaviour. One participant reported that ‘Riding Dennis was the highlight of my year’.

Ground Work, Mental Health and Wellbeing

This continues to be a focus for the centre as more people identify and are diagnosed with mental health. We have observed and had feedback that people who suffer from mental health and spend time around our horses feel braver, more confident and feel a strong sense of achievement. We have often witnessed people who have been unwilling to speak or make eye contact before ‘come out of their shell’ and communicate clearly with the horse and volunteers. The smiles are also a strong indicator, there is no masking the joy and happiness that comes from time spent at The Drum RDA.

We are particularly proud of the friendships that are made at the centre and sense of community people feel when with us.

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Drum Riding for the Disabled, Edinburgh

Trustees' Report For the year ended 30 June 2025

OBJECTIVE AND ACTIVITIES (CONT’D)

Midlothian Council funded a six-week course for mothers who were struggling with various aspects of life. The sessions were 2.5 hours each and included all the groundwork framework that we use for Turnaround. Awards for All also funded the project. The feedback from participants is always positive and most remark on an increase in Confidence. We also have willing volunteers after these programmes who wish to stay connected to our community and help others.

ACHIEVEMENTS AND PERFORMANCE

We are proud to share that given the positive financial results that are not driven by exceptional items, we have committed to maintaining prices for those attending sessions at previous levels despite cost inflations impacting the charity. The Trustees continue to review additional ways in which we can enhance the access to more individuals while balancing responsible financial governance. We currently charge £20 for council funded schools and £25 for noncouncil. For comparison, it is £50 for a semi private lesson at Tower Farm and £40 at Lasswade for an hour. The trust is going to look at setting a flat rate for every participant going forward.

People -

Coaches

The Trustees have set a target of focusing on having a healthy pipeline of coaches and trainee coaches, with a view to having 6 qualified coaches as optimal to ensure continuation of the charity activities through any volunteer and staff changes or illnesses. For the year 24-25 we had 4 qualified coaches now sadly down to 3. Corinne and Charlotte are both ‘coaches in training’ now and Gwen and Melissa have also started to study for their qualifications. We have 3 Activity Leaders which enables them to assist in grooming and supervising class room activities. We are always Looking to encourage more leaders and coaches.

Volunteers

It goes without saying that Drum RDA is dependent upon the volunteers who give there time and commitment which underpin the success of all we do as a charity.

Sadly volunteer numbers in Scotland have been declining for many years now.

We have been fortunate to secure a number of new volunteers joining at the start of the first term who all completed their pre-season training in addition to a number of well-attended training days. We also ran a volunteer recruitment day early in the summer which focused on completing onboarding and training which limited the impact on sessions as it was out with term time. Their continued support is very much appreciated and without their help we would not be able to deliver sessions.

We would like to thank Frances MacQueen and Aileen McLaren for their help with the new volunteers in completing the information required for Disclosure Scotland documentation. Thank you also to Cicely for help with recruitment.

Riders

The Trustees set a target of providing 20 sessions per week with 5-6 participants per session to ensure we can support as many people as possible. We do not feel this target is unreasonable or

will negatively affect the welfare of the ponies. The Trust is keen to utilise the ponies and facilities in the most efficient and effective way whilst maintaining quality and professionalism. We continue to receive positive feedback from our riders as part of our evaluation process, some highlights include

One school reported that some pupils were experiencing stress and anxiety surrounding moving schools. A mother told us that attending our course helped her daughter to settle into school and gave her confidence to make new friends.

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Drum Riding for the Disabled, Edinburgh

Trustees' Report For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (CONT’D)

Ponies

We have had a good year from a health perspective across the herd. Ben, Baillie and Ernie have all been successful while taking part in Dunedin Dressage Competitions giving them variety in their activities which is important for pony wellbeing. Dennis has a sarcoma on his sheath that was removed earlier in the year. Murphy continues to have his arthritis managed.

Horse Adoption Fund

Funds are raised from the special Adoption Day held in September and incoming funds throughout the year. These funds are held in a separate account and used specifically for the ponies’ benefit (e.g. dental and physio treatments, tack purchases and repairs, rug purchases etc). A big thank you goes to everyone involved in organising and supporting this scheme. Adoption Day continues to be successful and contributes to the well-being of the ponies. Our thanks to Gillian Alexander and Elaine Lang who are now taken over the organising. Going forwards we will be changing the name to Sponsor A Pony Day, for the avoidance of doubt. The day brought in £1,450.

Fundraising

There continues to be a focus on broadening the sources of income reducing the reliance on one-off donations and increasing recurring fundraising to cover the higher operational costs and to ensure continuity and sustainability of income.

We have a number of well-established events throughout the year and feel that 6 big events is enough for the calendar and volunteers each year. Past examples include the annual Easter Egg Treasure Hunt, Drum Show, Adoption Day, Dog Show and a Carols Service held at Oxenfoord Castle kindly hosted by Harriet and Michael Dalrymple and organised by Sabby Bucher.

There have also been several additional initiatives over the last few years explored by the Charity as sources of ongoing funding, including increasing facility hire days outside of term time. Thanks to The Drum Farm LLP team who maintain the grounds over the summer months and keep the grounds looking so neat and tidy. This also enables us to keep costs lower for our participants and raises funds for the school surface maintenance.

Therapy and Wellbeing Sessions have been ongoing throughout this financial year, some are focused on bringing together groups of young mothers from the Midlothian area other further groups are focused specifically on teenagers.

Grants – The Trustees are delighted to be supported by Jo Stuart who is focusing on grant applications to support our fundraising efforts and the continued focus on diversification of funding sources. During the year we received £2,000 from Turcan Connell and £1,500 from Ponton Trust, for subsidising riding, £2,000 from Anderson Strathern for Ground Work and £5,000 from Scotia Safes for pony upkeep. We would like to thank Jo, and Ena for securing funding. Jo is actively pursuing funding for the next financial year.

Roof and Indoor School Repairs

During the year we received substantial donations for the repairs to the roof and indoor school repairs. The work will commence summer 2026 after quotes have been finalised.

Stables, Tack Room and Fields

As ever, we continue to be indebted to Tony Gray who has undertaken several maintenance jobs, mending fences, gates, clubroom shelving etc. Our thanks also to our loyal volunteers led by Margaret Ross, who have helped with gardening, painting of the indoor school and fences and general upkeep and maintenance. Three Corporate organisations volunteered to help with painting of jumping poles and to build the courses for the show, painting of stalls, Baillie Gifford continue to offer support.

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Drum Riding for the Disabled, Edinburgh

Trustees' Report For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (CONT’D)

The Repair Shop, TV Show

The Trustees would like to thank the two support workers (Rhona and Lynn) from Sciennes School for nominating Drum Riding for the Disabled to The Repair Shop.

Hector is a life-size ex display pony that was donated to the riding school 30 years ago. Hector was much loved by everyone before he starting to fall apart, he was used for training the students on how to approach the ponies, identifying parts of the pony and how to put on the head collars etc. He is also used by The Dalkeith and Pony Club for training the children for horse care management.

The Repair Shop arranged for the collection of Hector, paid the transport and accommodation for Ena Gaffney, Lynn Waight and her daughter Ellen for their appearances for the TV recordings. The repair was sympathetically completed by the ‘Bear Ladies’ and Dom.

When Hector returned, he had to go into hiding until the programme had been aired. We then organised a party for ‘The Big Reveal’. Everyone was surprised and completely delighted at the transformation.

We would like to thank The Repair Shop for all work they did to Hector and we are happy to say he is back in work and being enjoyed by all.

FINANCIAL INFORMATION

The results for the year show a surplus of £131,790 (surplus 2024: £51,393). Income during the year increased by £97,779 and Expenditure decreased by £622. The value of the investment portfolio decreased by £2,986, compared to an increase last year of £15,018 there was an increase in net income of £80,397.

Designated funds

A condition of Drum RDA’s lease with the landowner is that a fund is maintained, separate from the Charity’s other assets, to maintain the structure of the Riding School and to bear the proportionate cost of maintaining the access road. As there are a number of buildings involved, as well as a considerable area of outside property, it would be unrealistic to attempt to provide the riding facility without a sizeable fund, particularly bearing in mind the possibility of weathering, damage, etc. The Trustees maintain a building and maintenance fund of £25,000 with a further £6,609 for the resurfacing and maintenance of the indoor school.

Investment policy

Reserves are either held in bank deposits, short term instruments or invested in publicly traded funds on a long-term basis for the future interests of Drum RDA. Any investments in derivatives, other complex financial instruments or offmarket securities (e.g. any securities that are not readily realisable) continue to be prohibited. Investments, and our approach to them, are reviewed by the Trustees no less than annually.

Reserves policy

The Trustees are conscious of the need to have a Reserves Policy. The Trustees have decided that unrestricted reserves should be maintained at a minimum of £50,000 which corresponds to just under six months’ general running costs, in addition to the designated fund discussed above. Unrestricted reserves, defined as unrestricted funds excluding tangible fixed assets, are £385,622 as at 30 June 2025 (2024: £236,648) and are above this minimum level.

Risk assessment

The Trustees have considered the major risks to which the charity is exposed and taken the necessary steps to mitigate these risks. Risk assessments are updated on a regular basis.

Taxation

The Trust is a charity and is recognised as such by the HM Revenue & Customs for taxation purposes. As a result, there is no liability to taxation on any of its income.

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Drum Riding for the Disabled, Edinburgh

Trustees' Report For the year ended 30 June 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Staff

Our Manager/Senior Coach remains Ena Gaffney.

Assistant Manager, Cicely Young.

Joke Biesta continues to work on a Monday and volunteers two other days of the week, we are hugely grateful for her loyalty.

Sheila Muirhead continues to support the charity will cover a slightly wider role on the financial side. The day-to-day administrative support of the charity has been rolled into the Assistant Manager role.

Appointment of Trustees

The Board may from time to time and at any time appoint any Member of the Company as a Trustee to fill a casual vacancy in number of Elected Trustees. Any person so appointed shall become a Trustee and retain his or her office only until the next Annual General Meeting, but he or she shall then be eligible for re-election.

Trustee induction and training

New trustees are briefed by the Secretary of Drum RDA on their legal obligations under charity and company law, the Scottish Charity Regulator’s guidance on trustee duties and provided with a copy of Drum RDA’s Articles of Association, the committee and decision-making processes, the plan for the future and the recent financial performance of the Charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Constitution

Drum Riding Centre for the Disabled Trust was established by Trust Deed on 21 November 1968.

The Trustees decided in 2010 to transfer the charity to a company limited by guarantee. The new company was incorporated on 10 May 2010 and the Office of the Scottish Charity Regulator (OSCR) transferred the charitable status of the old Trust to the new Company with effect from 1 July 2010.

Management

The management of the Trust is the responsibility of the Board of Trustees. Trustees are elected for a period of one year, but are eligible for re-election.

The day-to-day activities of Drum RDA are managed by the Executive Committee which reports to the Board of Trustees.

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Drum Riding for the Disabled, Edinburgh

Trustees' Report For the year ended 30 June 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Drum Riding for the Disabled, Edinburgh was registered in Scotland as a company limited by guarantee (No SC378245) on 10 May 2010 and took over the assets and liabilities of Drum RDA, a charitable trust registered as a charity (No SC005973) on 2 May 1972.

Trustees (who are also Directors under Company Law)

Appointed Resigned G A More Nisbett William D H More Nisbett Charlotte F D More Nisbett Julia M Robinson-Dow Alice C E Donaldson Sarah Bevan-Jones Mhoraig Blair Sabine R C Bucher 17/01/2025 Frances J Docker 03/03/2025 Harriet L R Dalrymple 01/02/2025 David C N Ogilvie 03/03/2025 Christelle Baillie 03/03/2025

Company Secretary Sarah Bevan-Jones

Principal Address

Registered Office

The Drum RDA Quay 2 155 Drum Street 139 Fountainbridge Edinburgh Edinburgh EH12 8RX EH3 9QG

Accountants

Azets Quay 2 139 Fountainbridge Edinburgh EH3 9QG

Independent Examiner

Louise Presslie CA Whitelaw Wells 9 Ainslie Place Edinburgh EH3 6AT

Bankers

Coutts & Co. 6-8 George Street Edinburgh EH2 2PF

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Drum Riding for the Disabled, Edinburgh

Trustees' Report For the year ended 30 June 2025

Statement of the Trustees’ Responsibilities

The Trustees (who are also directors of Drum Riding for the Disabled, Edinburgh) for the purposes of company law) are responsible for preparing the Trustees' 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 true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company exemptions

The above report has been prepared in accordance with the special provisions relating to small companies within part 15 of the Companies Act 2006 relating to small companies.

9 March 2026

This report was approved by the Board of Trustees on …................................................... and signed on its behalf by:

…................................................................. Charlotte More Nisbett Trustee

…................................................................. Mhoraig Blair Trustee

7

Drum Riding for the Disabled, Edinburgh

Independent Examiner’s Report to the Trustees of Drum Riding for the Disabled, Edinburgh For the year ended 30 June 2025

I report on the financial statements of Drum Riding for the Disabled, Edinburgh for the year ended 30 June 2025, which comprise the Statement of Financial Activities, Balance Sheet and the related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005. My examination has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

The charity’s Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) (the Regulations). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

  1. which gives me reasonable cause to believe that in any material respect the requirements: . tothe 2006 Accounts Regulations; andkeep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of . to2006 Accounts Regulationsprepare accounts which accord with the accounting records and comply with Regulation 8 of the

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Louise Presslie CA Whitelaw Wells 9 Ainslie Place Edinburgh EH3 6AT

Date ………………………… 9 March 2026

8

Drum Riding for the Disabled, Edinburgh

Statement of Financial Activities (incorporating an Income and Expenditure Account) For the year ended 30 June 2025

Income and endowments from:
Donations and legacies
2
Other trading activities
3
Other Income
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
4
Total expenditure
Net (loss)/gains on investments
9
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Notes		 Restricted
Funds
£
8,478
1,822
640
-
10,940
132
13,858
13,990
-
(3,050)
-
(3,050)
23,335
20,285		 Unrestricted
Funds
£
227,384
14,103
1,095
1,813
244,395
2,877
103,692
106,569
(2,986)
134,840
-
134,840
328,029
462,869		 2025
£
235,862
15,925
1,735
1,813
255,335
3,009
117,550
120,559
(2,986)
131,790
-
131,790
351,364
483,154		 2024
£
140,121
15,513
423
1,499
157,556
4,032
117,149
121,181
15,018
51,393
-
51,393
299,971
351,364

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

The notes on pages 12 to 21 form part of these accounts

9

Drum Riding for the Disabled, Edinburgh

Balance Sheet For the year ended 30 June 2025

Fixed assets
Tangible assets
Investments
8
9
Current assets
Debtors
10
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one year
11
Net current assets
Total net assets
13
Funds
Unrestricted fund
12
Restricted fund
12
Total funds
Notes		 2025
£
77,247
114,512
191,759
103,240
196,765
300,005
8,610
291,395
483,154
462,869
20,285
483,154		 2024
£
91,381
117,498
208,879
15,283
130,566
145,849
3,364
142,485
351,364
328,029
23,335
351,364

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with the provisions of the Financial Reporting Standard 102, as issued by the Financial Reporting Council (effective 1 January 2019) and the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.”

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the financial year ended 30 June 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibility for ensuring that the company keeps accounting records which comply with the requirements of the Companies Act 2006, and preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its results for the financial period in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

10

Drum Riding for the Disabled, Edinburgh

Balance Sheet (cont’d) For the year ended 30 June 2025

The financial statements were authorised for issue on and signed on their behalf by

9 March 2026

…........................

………………………......………… Ceo ideas

………………………......………… Charlotte More Nisbett Trustee

………………………......………… Zz Mhoraig Blair Trustee

Company registration number: SC378245

The notes on pages 12 to 21 form part of these accounts

11

Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

1 Accounting policies

General information

These financial statements are presented in pounds sterling (GBP) as that is the currency in which the charitable company’s transactions are denominated. These financial statements are of Drum Riding for the Disabled, Edinburgh only and cover the year to 30 June 2025.

Drum Riding for the Disabled, Edinburgh is an incorporated charity limited by guarantee in the United Kingdom and is registered in Scotland. It is recognised as a charity for tax purposes by HMRC and is registered with the Office of the Scottish Charity Regulator (OSCR) under charity number SC005973. Details of the registered office can be found on the reference and administrative details page of these financial statements.

Statement of compliance

The financial statements are prepared in accordance with United Kingdom Accounting Standards, including the Financial Reporting Standard 102, ‘The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland’ (FRS 102), the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)”, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

The principal accounting policies applied in the preparation of these financial statements are noted below. These policies have been applied consistently to all the years presented, in dealing with items which are considered material in relation to the charity’s financial statements unless otherwise stated.

Basis of accounting

The financial statements are prepared on the historical cost basis. These financial statements for the year ended 30 June 2025.

Drum Riding for the Disabled, Edinburgh meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transition value unless otherwise stated in the relevant accounting policy.

The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard 102, as issued by the Financial Reporting Council (effective 1 January 2019) and the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)”.

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires directors to exercise their judgement in the process of applying the accounting policies. Use of available information and application of judgement are inherent in the formation of estimates. Actual outcomes in the future could differ from such estimates.

12

Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

1 Accounting policies (cont'd)

Provisions

Provisions are recognised when the charity has a present obligation as a result of a past event, it is probable that a transfer of economic benefit will be required to settle the obligations and a reliable estimate can be made of the amount of the obligation.

Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Going concern

The Charity relies upon funding from gifts, donations, grants and subscription income to fulfil its current and future commitments. The Trustees are of the opinion that the charitable company can continue to meet their obligations as they fall due. The charitable company has significant reserves and regular income generated from activities to continue in operational existence for the foreseeable future. Therefore, it is appropriate that the Board of Trustees have prepared the financial statements on the going concern basis.

Income

Income is included in the Statement of Financial Activities when there is legal entitlement to the funds, the receipt is probable and the amount can be measured reliably. The following specific policies are applied to particular categories of income:

Donations and legacies

Donations, gifts, grants, subscriptions and sponsorships are included in full in the Statement of Financial Activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant. Grant income, where related to performance and specific deliverables, is accounted for as the charity earns the right to consideration by its performance. Donations are only deferred if they relate specifically to an event which has not taken place in the financial period and they are returnable should the event not occur.

Donated services and facilities are included at the value to the charity where this can be quantified.

Charitable activities

Income received from catering is credited in full in the period in which it is received.

Other trading activities

Income received by way of events and schemes are recognised in the period in which the event takes place.

Investments

Investment income is included when receivable.

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Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

1 Accounting policies (cont'd)

Expenditure

Expenditure is included in the Statement of Financial Activities when a legal or constructive obligation arises and includes irrecoverable VAT.

Expenditure incurred, which relates directly to any cost category, is allocated directly to that category. Expenditure common to more than one cost category is apportioned on a reasonable and consistent basis to the categories involved, in accordance with 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 (FRS102).

Raising funds

Costs of raising funds comprise the costs associated with attracting donations etc. and the costs of trading for fundraising purposes.

Charitable activities

Charitable activities expenditure comprises those costs incurred by the Charity in the delivery of its charitable activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Included with support costs are governance costs which are those costs incurred in connection with compliance, constitutional and statutory requirements of the Charity.

Tangible fixed assets

Fixed assets are capitalised at cost.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

estimated useful lives.
Outdoor, building complex and indoor school 20 years straight line
Ponies, harnesses & equipment 10 years straight line
Other equipment 5 years straight line

Investments and investment income

Investments have been included in the balance sheet at market value. Realised gains and losses are recognised on the Income and Expenditure account and the Statement of Financial Activities in the period to which they relate. Unrealised gains and losses are recognised in the Income and Expenditure account in the period to which they relate.

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Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

Debtors

Trade debtors and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Funds accounting

Unrestricted funds are those which are available for use at the discretion of the Trustees, in furtherance of the general objectives of the charity.

Restricted funds are those which are to be used in accordance with specific restrictions imposed by donors or which have been raised for a particular purpose. These are shown in note 12.

Designated funds are also shown in note 12 and are funds that the Trustees have earmarked for a particular purpose.

15

Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

2
Donations and legacies
Gifts and donations (Note 2.1)
Grants
Subscriptions
Pony sponsorship
2.1 Gifts and Donations
Donations received
Azets donated services
Sheila Muirhead donated services
Gift Aid
TOTAL		 Restricted
Funds
£
2,978
5,500
-
-
8,478
Restricted
Funds
£
2,685
-
-
2,685
293
2,978		 Unrestricted
Funds
£
152,814
5,000
67,260
2,310
227,384
Unrestricted
Funds
£
147,413
2,950
1,984
152,347
467
152,814		 2025
£
155,792
10,500
67,260
2,310
235,862
2025
£
150,098
2,950
1,984
155,032
760
155,792		 2024
£
53,323
24,975
56,908
4,915
140,121
2024
£
46,488
2,830
1,692
51,010
2,313
53,323

The market value of accounting and tax services provided free of charge by Azets, of £2,950, and Sheila Muirhead, of £1,984, have been included in gifts and donations. This is also reflected in professional fees included in governance costs in note 6.

Donations and legacies for the comparative year to 30 June 2024 totals £140,121 of which £23,522 was restricted and £116,599 was unrestricted.

3
Other trading activities
Drum Show
Dog Show
Horse adoption
Easter Egg Hunt
Carols Service
Christmas Fair
Smaller events (raffles etc.)		 Restricted
Funds
£
-
149
1,450
-
-
-
223
1,822		 Unrestricted
Funds
£
7,725
1,853
-
2,874
981
-
670
14,103		 2025
£
7,725
2,002
1,450
2,874
981
-
893
15,925		 2024
£
6,731
-
2,830
2,287
-
2,369
1,296
15,513

Income from other trading activities for the comparative year to 30 June 2024 totals £15,513 of which £3,060 was restricted and £12,453 was unrestricted.

16

Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

4
Expenditure on charitable activities
Restricted
Notes
Funds
£
Direct costs
Salaries
5
7,263
Blacksmith and vet
3,631
Physio/Dentistry/Chiropractor
315
Other pony supplies/expenses
441
Feed and shavings
1,159
Support costs
Heat and light
428
Telephone
-
Insurance
-
Repairs and maintenance
96
Tractor repairs
-
Stable and clubroom
258
Stationary, postage and office supplies
10
Miscellaneous
257
Training
-
(Gain)/loss on disposal of fixed assets
-
Depreciation
-
Governance costs
Governance costs
6
-
13,858		 Unrestricted
Funds
£
56,707
7,984
-
429
4,204
3,313
596
1,037
3,168
210
367
396
1,473
-
-
14,134
9,674
103,692		 2025
£
63,970
11,615
315
870
5,363
3,741
596
1,037
3,264
210
625
406
1,730
-
-
14,134
9,674
117,550		 2024
£
70,434
5,876
320
124
3,844
4,029
665
976
3,980
485
2,007
786
1,293
385
(1,900)
14,897
8,948
117,149

Expenditure for the comparative year to 30 June 2024 totals £117,149 of which £22,219 was restricted and £94,930 was unrestricted.

5
Staff numbers and costs
Wages and salaries
Employers' national insurance
Employers’ pension		 2025
£
61,648
1,039
1,283
63,970		 2024
£
67,742
1,281
1,411
70,434

The average number of employees throughout the year was 3 (2024: 3).

None of the Trustees received any remuneration in the year (2024: £nil) and during the year there were no re-imbursement of expenses to Trustees (2024: £nil). In addition, no employee received remuneration in excess of £60,000 for the year (2024: £nil).

6
Governance costs
Professional fees
Bookkeeping services
Independent examiners fee		 2025
£
4,328
3,486
1,860
9,674		 2024
£
5,320
2,008
1,620
8,948

17

Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

7 Taxation

As a charity, the company is exempt from tax on income and gains falling within sections 478-489 of the Corporation Tax Act 2010 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity

8
Tangible fixed assets
Outdoor
Building
Indoor
Harness &
Other
area
complex
school
Ponies
equipment equipment
Total
£
£
£
£
£
£
£
Cost or valuation
As at 1 July 2024
83,789
97,050
20,880
18,950
16,320
20,064
257,053
Disposals
-
-
-
-
-
(4,230)
(4,230)
Reallocation of costs
(3,240)
-
-
-
-
3,240
-
Additions
-
-
-
-
-
-
-
As at 30 June 2025
80,549
97,050
20,880
18,950
16,320
19,074
252,823
Outdoor
Building
Indoor
Harness &
Other
area
complex
school
Ponies
equipment equipment
Total
£
£
£
£
£
£
£
Depreciation
As at 1 July 2024
46,620
67,939
14,480
7,493
13,016
16,124
165,672
Disposals
-
-
-
-
-
(4,230)
(4,230)
Reallocation of costs
(2,052)
-
-
-
-
2,052
-
Charge for year
4,189
4,853
1,045
1,895
956
1,196
14,134
As at 30 June 2025
48,757
72,792
15,525
9,388
13,972
15,142
175,576
Net book value
As at 30 June 2025
31,792
24,258
5,355
9,562
2,348
3,932
77,247
As at 30 June 2024
37,169
29,111
6,400
11,457
3,304
3,940
91,381
9
Investments
2025
2024
£
£
Market value as at 1 July 2024
117,498
102,480
Net unrealised investment gains (loss)
(2,986)
15,018
Market value as at 30 June 2025
114,512
117,498
Cost of investment
65,000
65,000
The portfolio consists of
UK Investment Trusts
114,512
117,498		 8
Tangible fixed assets
Outdoor
Building
Indoor
Harness &
Other
area
complex
school
Ponies
equipment equipment
Total
£
£
£
£
£
£
£
Cost or valuation
As at 1 July 2024
83,789
97,050
20,880
18,950
16,320
20,064
257,053
Disposals
-
-
-
-
-
(4,230)
(4,230)
Reallocation of costs
(3,240)
-
-
-
-
3,240
-
Additions
-
-
-
-
-
-
-
As at 30 June 2025
80,549
97,050
20,880
18,950
16,320
19,074
252,823
Outdoor
Building
Indoor
Harness &
Other
area
complex
school
Ponies
equipment equipment
Total
£
£
£
£
£
£
£
Depreciation
As at 1 July 2024
46,620
67,939
14,480
7,493
13,016
16,124
165,672
Disposals
-
-
-
-
-
(4,230)
(4,230)
Reallocation of costs
(2,052)
-
-
-
-
2,052
-
Charge for year
4,189
4,853
1,045
1,895
956
1,196
14,134
As at 30 June 2025
48,757
72,792
15,525
9,388
13,972
15,142
175,576
Net book value
As at 30 June 2025
31,792
24,258
5,355
9,562
2,348
3,932
77,247
As at 30 June 2024
37,169
29,111
6,400
11,457
3,304
3,940
91,381
9
Investments
2025
2024
£
£
Market value as at 1 July 2024
117,498
102,480
Net unrealised investment gains (loss)
(2,986)
15,018
Market value as at 30 June 2025
114,512
117,498
Cost of investment
65,000
65,000
The portfolio consists of
UK Investment Trusts
114,512
117,498		 8
Tangible fixed assets
Outdoor
Building
Indoor
Harness &
Other
area
complex
school
Ponies
equipment equipment
Total
£
£
£
£
£
£
£
Cost or valuation
As at 1 July 2024
83,789
97,050
20,880
18,950
16,320
20,064
257,053
Disposals
-
-
-
-
-
(4,230)
(4,230)
Reallocation of costs
(3,240)
-
-
-
-
3,240
-
Additions
-
-
-
-
-
-
-
As at 30 June 2025
80,549
97,050
20,880
18,950
16,320
19,074
252,823
Outdoor
Building
Indoor
Harness &
Other
area
complex
school
Ponies
equipment equipment
Total
£
£
£
£
£
£
£
Depreciation
As at 1 July 2024
46,620
67,939
14,480
7,493
13,016
16,124
165,672
Disposals
-
-
-
-
-
(4,230)
(4,230)
Reallocation of costs
(2,052)
-
-
-
-
2,052
-
Charge for year
4,189
4,853
1,045
1,895
956
1,196
14,134
As at 30 June 2025
48,757
72,792
15,525
9,388
13,972
15,142
175,576
Net book value
As at 30 June 2025
31,792
24,258
5,355
9,562
2,348
3,932
77,247
As at 30 June 2024
37,169
29,111
6,400
11,457
3,304
3,940
91,381
9
Investments
2025
2024
£
£
Market value as at 1 July 2024
117,498
102,480
Net unrealised investment gains (loss)
(2,986)
15,018
Market value as at 30 June 2025
114,512
117,498
Cost of investment
65,000
65,000
The portfolio consists of
UK Investment Trusts
114,512
117,498		 8
Tangible fixed assets
Outdoor
Building
Indoor
Harness &
Other
area
complex
school
Ponies
equipment equipment
Total
£
£
£
£
£
£
£
Cost or valuation
As at 1 July 2024
83,789
97,050
20,880
18,950
16,320
20,064
257,053
Disposals
-
-
-
-
-
(4,230)
(4,230)
Reallocation of costs
(3,240)
-
-
-
-
3,240
-
Additions
-
-
-
-
-
-
-
As at 30 June 2025
80,549
97,050
20,880
18,950
16,320
19,074
252,823
Outdoor
Building
Indoor
Harness &
Other
area
complex
school
Ponies
equipment equipment
Total
£
£
£
£
£
£
£
Depreciation
As at 1 July 2024
46,620
67,939
14,480
7,493
13,016
16,124
165,672
Disposals
-
-
-
-
-
(4,230)
(4,230)
Reallocation of costs
(2,052)
-
-
-
-
2,052
-
Charge for year
4,189
4,853
1,045
1,895
956
1,196
14,134
As at 30 June 2025
48,757
72,792
15,525
9,388
13,972
15,142
175,576
Net book value
As at 30 June 2025
31,792
24,258
5,355
9,562
2,348
3,932
77,247
As at 30 June 2024
37,169
29,111
6,400
11,457
3,304
3,940
91,381
9
Investments
2025
2024
£
£
Market value as at 1 July 2024
117,498
102,480
Net unrealised investment gains (loss)
(2,986)
15,018
Market value as at 30 June 2025
114,512
117,498
Cost of investment
65,000
65,000
The portfolio consists of
UK Investment Trusts
114,512
117,498
48,757
72,792
15,525
9,388
13,972
15,142
175,576
31,792
24,258
5,355
9,562
2,348
3,932
77,247
37,169
29,111
6,400
11,457
3,304
3,940
91,381
2025
£
117,498
(2,986)
114,512
65,000
114,512		 2024
£
102,480
15,018
117,498
65,000
117,498

All investments are carried at their fair value. Investments are all in traded in quoted public markets, primarily the London Stock Exchange. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

18

Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

10 Debtors 2025 2024
£ £
Trade Debtors 9,750 8,725
Other Debtors and accrued income 88,943 -
Prepayments 1,618 1,172
Tax recoverable 2,929 5,386
103,240 15,283
11 Creditors: amounts falling due within one year 2025 2024
£ £
Accruals and deferred income 7,514 2,072
Other taxation and social security 1,096 1,292
8,610 3,364
12 Analysis of charitable funds
Balance at Balance at
30 June Gains and 30 June
2024 **Income ** Expenditure Transfers losses 2025
£ £ £ £ £ £
Restricted funds
Horse adoption 10,653 2,742 (5,990) - - 7,405
TurnAround 5,000 - - (5,000) - -
New pony 7,682 - - - - 7,682
Subsidised Riding - 3,500 (3,500) - - -
Ground Work - 2,000 (4,500) 5,000 - 2,500
Roof Work - 2,698 - - - 2,698
Unrestricted funds
General funds 296,420 244,395 (106,569) - (2,986) 431,260
Designated funds 31,609 - - - - 31,609
Total funds 351,364 255,335 (120,559) - (2,986) 483,154

Name of fund Description, nature and purpose of the fund

Horse adoption fund The Horse Adoption fund is for the purpose of providing additional medical treatments (such as physiotherapy and dentistry) and other items to keep the ponies well maintained, healthy and comfortable.

TurnAround fund

The TurnAround fund represents money received for project TurnAround, a programme for young people between 14 and 17 years old who have emotional, behavioural and social difficulties. The project started in September 2015. As agreed with the donor, the fund has been transferred to the Ground Work fund.

New pony fund The new pony fund represents funds held to meet the cost of purchasing new ponies.

19

Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements For the year ended 30 June 2025

12 Analysis of charitable funds (cont’d)

Name of fund Description, nature and purpose of the fund

Subsidised Riding

Ponton Trust and Turcan Connell contributed to help towards keeping the riding fee subscriptions down. The fund was utilised during the year.

Ground Work

This is for six weeks, three hourly sessions for six people per term for three terms. Training was to give people a chance at looking after and to bond with the ponies and help with their self-esteem.

Roof Work

Fundraising has commenced for the purpose of being able to remove and rebuild the roof and associated building improvements for the improvement of the riding facility.

Designated fund

A condition of the Charity’s lease with the landowner is that a fund is maintained, separate from the Charity’s other assets, to maintain the structure of the Riding School and to bear the proportionate cost of maintaining the access road. The Trustees maintain a building and maintenance fund of £25,000 with a further £6,609 for the resurfacing and maintenance of the indoor school.

Comparative figures

Restricted funds
Horse adoption
TurnAround
New pony
Subsidised Riding
Connecting Voices
Unrestricted funds
General funds
Designated funds
Total funds		 Balance at
Balance at
30 June
Gains and
30 June
2023
Income Expenditure
Transfers
losses
2024
£
£
£
£
£
£
9,512
3,607
(2,466)
-
-
10,653
5,000
-
-
-
-
5,000
2,182
3,000
-
2,500
-
7,682
-
10,000
(10,000)
-
-
-
-
9,975
(9,975)
-
-
-
251,668
130,974
(98,740)
(2,500)
15,018
296,420
31,609
-
-
-
-
31,609
299,971
157,556
(121,181)
-
15,018
351,364

20

Drum Riding for the Disabled, Edinburgh

Notes to the Financial Statements

For the year ended 30 June 2025

13 Analysis of net assets between funds

Analysis of net assets between funds
Restricted funds
Unrestricted funds
Total
Comparative figures:
Restricted funds
Unrestricted funds
Total		 Tangible
Fixed
Net Current
2025
Assets
Investments
Assets
Total
£
£
£
£
-
-
20,285
20,285
77,247
114,512
271,110
462,869
77,247
114,512
291,395
483,154
Tangible
Fixed
Net Current
2024
Assets
Investments
Assets
Total
£
£
£
£
-
-
23,335
23,335
91,381
117,498
119,150
328,029
91,381
117,498
142,485
351,364

14 Liability of members

The liability of members is limited by guarantee. In the event of the charity being wound up during the period of membership or in the following year, members would be required to contribute an amount not exceeding £1. The total numbers of members at 30 June 2025 was 25.

15 Drum Farm LLP is considered a related party as Mr G.A. More Nisbett and Mr W.D.H. More Nisbett have a significant influence over the entity. During the year invoices were received from Drum Farm LLP for the use of telephone, electricity and biomass supplies totalling £3,774 (2024: £3,934).

Charges were made on commercial terms; was £210 (2024: £205).

21