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2025-12-31-accounts

Registered number: SC289513 Charity number: SC028621

ANGUS RIDING FOR THE DISABLED (A company limited by guarantee)

COMMITTEE MEMBERS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Committee Members and 1
advisers
Committee Members' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 23

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS COMMITTEE MEMBERS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025

Committee Members Dr Alistair Crozier, Director/Chair
Irene Reid, Director/Committee Member
Tricia McIntosh, Director/Committee Member
Lynne Mustard, Director/Treasurer
Graeme Horton, Committee Member
Gary Reid, Committee Member
Sarah Gibson, Committee Member
Forbes Inglis, Ordinary Member
Marjory Inglis, Ordinary Member
Karrena Kerr, Ordinary Member
Katie Gerrard, Ordinary Member
Louise Anderson, Ordinary Member
Wayne Gorman, Ordinary Member
Maria Stewart, Ordinary Member
Derek Fraser, Ordinary Member
Company registered
number
SC289513
Charity registered
number
SC028621
Registered office
South Bottymyre
Inverarity
By Forfar
DD8 2JR
Company secretary
Joanne Horton
Chief executive officer
Dr Alistair Crozier
Accountants
EQ Accountants Limited
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ

Page 1

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

COMMITTEE MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

The Committee Members (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of the Angus Riding for the Disabled for the 1 January 2025 to 31 December 2025. The Annual report serves the purposes of both a Committee Members' report and a directors' report under company law. The Committee Members confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The principal object of the company is to provide horse riding facilities for the disabled.

b. Activities undertaken to achieve objectives

The company owns ponies and horses and has helpers and instructors to provide horse riding facilities to the disabled.

c. Volunteers

We have 25 regular volunteers throughout the year. 7 new volunteers started with us this year, and 4 left.

Page 2

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

COMMITTEE MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

a. Review of activities

Riders

We started 6 new riders in total, 1 of them returning to riding after a couple of years off. 1 of our exsisting riders decided to step down at the end of the year to try other activities.

Ponies

We sold Leo to one of our volunteers. He never settled fully to RDA work and would not stand at the mounting block, which made mounting the riders more difficult.

Volunteers

We had 3 new volunteers start with us this year. 2 of our very reliable exsisting volunteers stepped down to attend University but hope to help during holidays etc.

One of our riders started volunteering with us too on a Saturday morning.

Thank you to all of our volunteers who come along every week, we could not operate without their help.

General

We held our usual Group Competitions – Handy Pony, Dressage and Horse Care and Knowledge - with all riders putting in a good effort.

Our Annual Coffee Morning and Raffle was held in November and it raised just over £1,600. Thank you to everyone who supported us with raffle donations, cake and candy, bric a brac, tombola prizes and to everyone who helped on the day.

Our prize giving at the end of the year was well attended.

We grew our own hay this year. With many thanks to the Jackson family for fertilising, cutting, turning and baling it as a donation to the group. It is lovely hay, due to the hot summer we didn't get as many bales as we had hoped to feed the horses for the year, which resulted in us purchasing an additional 40 bales from Alistair Hodnett that were delivered in December.

Thanks once again to the Stodart family who donated our straw.

b. Investment policy and performance

In accordance with the Memorandum of Association, the Committee Members have the power to invest in such stocks, shares, investments and property in the UK as they see fit. A specialist investment management firm provides an investment advisory service and maintains the portfolio. The portfolio is managed on a discretionary basis with the objective of producing a balance of income and capital growth. As the portfolio is exclusively equity investments, the risk profile is medium/high. No investments are to be made in companies involved in animal testing.

Page 3

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

COMMITTEE MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

a. Going concern

After making appropriate enquiries, the Committee Members have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

As a result of activities taking place during the year the total of unrestricted funds is £946,422 (2024 - £891,201).

The Unrestricted funds consist of general funds of £194,921, a designated fund for purchasing horses of £7,500 and the Gilfrin Bequest fund of £744,001. The Gilfrin Bequest fund is held in investments at the moment and the income from these investments will continue to maintain the running costs for the foreseeable future.

Structure, governance and management

a. Constitution

The company, which is a recognised charity in Scotland, is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 31/10/2005 . The registered charity number is SC028621.

b. Methods of appointment or election of Committee Members

The management of the company is the responsibility of the Committee Members who are elected and co-opted under the terms of the Articles of Association.

Every person who wishes to become a Member shall apply to the Committee and this application may be approved or rejected by the Committee.

All Committee Members shall retire from office at the Annual General Meeting and will offer themselves for reelection.

c. Organisational structure and decision-making policies

The company has Committee Members consisting of a Chairman, Treasurer and not more than 8 other elected Committee Members.

The company also has Ordinary Members who are entitled to vote at meetings. A quorum of 20 Members or 10% of Members, whichever is less, is needed for votes to be taken at any meeting.

d. Financial risk management

The Committee Members have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 4

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

COMMITTEE MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Statement of Committee Members' responsibilities

The Committee Members (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Committee Members' 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 Committee Members to prepare financial statements for each financial . Under company law, the Committee Members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Committee Members are required to:

The Committee Members are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Committee Members on 25 April 2026 and signed on their behalf by:

Dr Alistair Crozier Chairman

Page 5

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

INDEPENDENT EXAMINER'S REPORT TO THE COMMITTEE MEMBERS OF ANGUS RIDING FOR THE DISABLED

I report on the accounts of the company for the year ended 31 December 2025 which are set out on pages 7 to 23.

RESPECTIVE RESPONSIBILITIES OF COMMITTEE MEMBERS AND EXAMINER

The committee members, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The committee members consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements 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 was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as committee members 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.

INDEPENDENT EXAMINER'S STATEMENT

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and

  3. to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

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

This report is made solely to the company's Committee Members, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. My work has been undertaken so that I might state to the company's Committee Members 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 company and the company's Committee Members as a body, for my work or for this report.

Signed: Angela Haig Angela Haig CA CTA EQ ACCOUNTANTS LIMITED Chartered Accountants Westby 64 West High Street Forfar Angus DD8 1BJ

Dated: 28 April 2026

Page 6

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net (expenditure)/income before net
gains on investments
Net gains on investments
Net movement in funds before other
recognised gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
9,000
-
-
-
9,000
-
9,000
9,000
-
-
-
-
-
-
-		 Unrestricted
funds
2025
£
36,248
1,410
20,787
3,000
61,445
5,864
76,693
82,557
(21,112)
76,333
55,221
55,221
891,201
55,221
946,422		 Total
funds
2025
£
45,248
1,410
20,787
3,000
70,445
5,864
85,693
91,557
(21,112)
76,333
55,221
55,221
891,201
55,221
946,422		 Total
funds
2024
£
52,909
1,357
21,861
2,250
78,377
5,989
69,359
75,348
3,029
12,671
15,700
15,700
875,501
15,700
891,201

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 23 form part of these financial statements.

Page 7

ANGUS RIDING FOR THE DISABLED (A company limited by guarantee) REGISTERED NUMBER: SC289513

BALANCE SHEET AS AT 31 DECEMBER 2025

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Unrestricted funds
17
Total funds		 1,812
14,978
16,790
(3,882)		 2025
£
189,513
744,001
933,514
12,908
946,422
946,422
946,422
946,422		 1,895
25,671
27,566
(2,965)		 2024
£
195,619
670,981
866,600
24,601
891,201
891,201
891,201
891,201

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Committee Members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Committee Members on 25 April 2026 and signed on their behalf by:

Dr Alistair Crozier Chairman

Lynne Mustard Treasurer

The notes on pages 9 to 23 form part of these financial statements.

Page 8

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. GENERAL INFORMATION

Angus Riding for the Disabled is a charitable company, limited by guarantee, incorporated in Scotland with the registration number SC289513 and is also a registered charity with OSCR registration number SC028621. The registered office is South Bottymyre, Inverarity, By Forfar, DD8 2JR.

2. ACCOUNTING POLICIES

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

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

Page 9

ANGUS RIDING FOR THE DISABLED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

(A company limited by guarantee)

2. ACCOUNTING POLICIES (CONTINUED)

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Page 10

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. ACCOUNTING POLICIES (CONTINUED)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Property -
Tenants improvements - 10% straight Line
Plant and machinery - 20% reducing balance
Ponies and horses - 15% reducing balance

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

Investments held as fixed assets are shown at cost less provision for impairment.

2.7 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.

2.8 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 11

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. ACCOUNTING POLICIES (CONTINUED)

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Committee Members in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Committee Members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 12

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

3. INCOME FROM DONATIONS AND LEGACIES

Donations
Grants
Similar incoming resources
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
9,000
25,579
-
10,500
-
169
9,000
36,248
9,000
43,909		 Total
funds
2025
£
34,579
10,500
169
45,248
52,909		 Total
funds
2024
£
39,360
13,250
299
52,909

4. INCOME FROM OTHER TRADING ACTIVITIES

Income from fundraising events

Unrestricted
funds
2025
£
Open Day
1,410
Total 2024
1,357		 Total
funds
2025
£
1,410
1,357		 Total
funds
2024
£
1,357

5. INVESTMENT INCOME

Unrestricted
funds
2025
£
Investment income
20,551
Bank interest received
236
20,787
Total 2024
21,861		 Total
funds
2025
£
20,551
236
20,787
21,861		 Total
funds
2024
£
21,645
216
21,861

Page 13

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

6. OTHER INCOMING RESOURCES

Rent received
Total 2024		 Unrestricted
funds
2025
£
3,000
2,250		 Total
funds
2025
£
3,000
2,250		 Total
funds
2024
£
2,250

7. INVESTMENT MANAGEMENT COSTS

Unrestricted
funds
2025
£
Investment management fees
5,864
Total 2024
5,989		 Total
funds
2025
£
5,864
5,989		 Total
funds
2024
£
5,989

Page 14

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

8. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Summary by fund type

Provision of horse riding facilities for disabled
children
Donated facilities
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
76,693
9,000
-
9,000
76,693
9,000
60,359		 Total
2025
£
76,693
9,000
85,693
69,359		 Total
2024
£
60,359
9,000
69,359

9. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Provision of horse riding facilities for disabled
children
Donated facilities
Total 2024		 Activities
undertaken
directly
2025
£
48,164
-
48,164
49,693		 Support
costs
2025
£
28,529
9,000
37,529
19,666		 Total
funds
2025
£
76,693
9,000
85,693
69,359		 Total
funds
2024
£
60,359
9,000
69,359

Page 15

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

9. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF DIRECT COSTS

Staff costs
Feed
Vet and Medicines
Blacksmith
Insurance
Motor expenses
Repairs and maintenance
Depreciation
Licences
Sundry expenses
Total 2024		 Provision of
horse riding
2025
£
30,770
2,964
3,305
2,211
4,685
440
-
3,306
75
408
48,164
49,693		 Total
funds
2025
£
30,770
2,964
3,305
2,211
4,685
440
-
3,306
75
408
48,164
49,693		 Total
funds
2024
£
28,145
4,159
4,738
2,380
4,554
325
472
4,463
75
382
49,693

Page 16

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

9. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS

Rent and rates
Heat and light
Telephone
Printing, stationery and postage
Equipment hire
Repairs and maintenance
Subscriptions
Training
Accountancy fees
Legal and professional fees
Bank charges
Total 2024		 Provision of
horse riding
2025
£
586
7,229
934
255
140
14,630
501
800
1,440
1,544
470
28,529
10,666		 Donated
facilities
2025
£
9,000
-
-
-
-
-
-
-
-
-
-
9,000
9,000		 Total
funds
2025
£
9,586
7,229
934
255
140
14,630
501
800
1,440
1,544
470
37,529
19,666		 Total
funds
2024
£
9,548
3,163
873
292
936
1,035
316
-
1,440
1,600
463
19,666

10. INDEPENDENT EXAMINER'S REMUNERATION

The independent examiner's remuneration amounts to an independent examiner fee of £1,440 ( 2024 - £1,260 ).

11. STAFF COSTS

2025
£
Wages and salaries
30,770
30,770
The average number of persons employed by the Company during the year was as follows:		 2024
£
28,145
28,145
2025 2024
No. No.
3 3

Page 17

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

11. STAFF COSTS (CONTINUED)

No employee received remuneration amounting to more than £60,000 in either year.

12. COMMITTEE MEMBERS' REMUNERATION AND EXPENSES

During the year, no Committee Members received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 December 2025, no Committee Member expenses have been incurred (2024 - £NIL) .

13. TANGIBLE FIXED ASSETS

Cost or valuation
At 1 January 2025
Disposals
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
On disposals
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024		 Property
£
177,220
-
177,220
-
-
-
-
177,220
177,220		 Tenant's
improvemen
ts
£
13,619
-
13,619
12,647
969
-
13,616
3
972		 Plant and
machinery
£
6,392
-
6,392
6,049
68
-
6,117
275
343		 Ponies and
horses
£
25,900
(4,800)
21,100
8,816
2,121
(1,852)
9,085
12,015
17,084		 Total
£
223,131
(4,800)
218,331
27,512
3,158
(1,852)
28,818
189,513
195,619

Page 18

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14. FIXED ASSET INVESTMENTS

Cost or valuation
At 1 January 2025
Additions
Disposals
Revaluations
AT 31 DECEMBER 2025
Net book value
AT 31 DECEMBER 2025
At 31 December 2024
15.
DEBTORS
Due within one year
Prepayments and accrued income		 Listed
investments
£
647,753
146,043
(135,304)
76,333
734,825
734,825
647,753		 Other fixed
asset
investments
£
23,228
-
(14,052)
-
9,176
9,176
23,228
2025
£
1,812
1,812		 Total
£
670,981
146,043
(149,356)
76,333
744,001
744,001
670,981
2024
£
1,895
1,895

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other taxation and social security
Accruals and deferred income		 2025
£
999
1,042
1,841
3,882		 2024
£
746
830
1,389
2,965

Page 19

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

17. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Designated
funds
Pony fund
General funds
General Fund
Gilfrin Bequest
Fund
Total
Unrestricted
funds
Restricted
funds
Notional rent
Total of funds		 Balance at 1
January
2025
£
7,500
212,720
670,981
883,701
891,201
-
891,201		 Income
£
-
40,894
20,551
61,445
61,445
9,000
70,445		 Expenditure
£
-
(76,693)
(5,864)
(82,557)
(82,557)
(9,000)
(91,557)		 Transfers
in/out
£
-
18,000
(18,000)
-
-
-
-		 Gains/
(Losses)
£
-
-
76,333
76,333
76,333
-
76,333		 Balance at
31
December
2025
£
7,500
194,921
744,001
938,922
946,422
-
946,422

Page 20

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

17. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR YEAR

Unrestricted
funds
Designated
funds
Pony fund
General funds
General Fund
Gilfrin Bequest
Fund
Total
Unrestricted
funds
Restricted
funds
Notional rent
Total of funds		 Balance at
1 January
2024
£
7,500
207,347
660,654
868,001
875,501
-
875,501		 Income
£
-
47,732
21,645
69,377
69,377
9,000
78,377		 Expenditure
£
-
(60,359)
(5,989)
(66,348)
(66,348)
(9,000)
(75,348)		 Transfers
in/out
£
-
18,000
(18,000)
-
-
-
-		 Gains/
(Losses)
£
-
-
12,671
12,671
12,671
-
12,671		 Balance at
31
December
2024
£
7,500
212,720
670,981
883,701
891,201
-
891,201

Page 21

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

18. SUMMARY OF FUNDS

SUMMARY OF FUNDS - CURRENT YEAR

Balance at
Balance at 1 31
January Transfers Gains/ December
2025 Income Expenditure in/out (Losses) 2025
£ £ £ £ £ £
Designated
funds 7,500 - - - - 7,500
General funds 883,701 61,445 (82,557) - 76,333 938,922
Restricted funds - 9,000 (9,000) - - -
891,201 70,445 (91,557) - 76,333 946,422
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
Balance at 31
1 January Transfers Gains/ December
2024 Income Expenditure in/out (Losses) 2024
£ £ £ £ £ £
Designated
funds 7,500 - - - - 7,500
General funds 868,001 69,377 (66,348) - 12,671 883,701
Restricted funds - 9,000 (9,000) - - -
875,501 78,377 (75,348) - 12,671 891,201

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2025
£
Tangible fixed assets
189,513
Fixed asset investments
744,001
Current assets
16,790
Creditors due within one year
(3,882)
Total
946,422		 Total
funds
2025
£
189,513
744,001
16,790
(3,882)
946,422

Page 22

ANGUS RIDING FOR THE DISABLED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED) ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
195,619
670,981
27,566
(2,965)
891,201		 Total
funds
2024
£
195,619
670,981
27,566
(2,965)
891,201

Page 23