BRITISH DRESSAGE
Financial health, per its FY2024 accounts
The accounts state that the group ended the year with a net surplus of £104,681, increasing total reserves to £2,689,353. The trustees report that these reserves represent approximately nine months of defined operating costs, supported by cash and cash equivalents of £3.4 million. Consequently, the Board considers the going concern basis appropriate due to the strong financial position and resilience of income streams.
What the accounts disclose
“The Charity’s policy is to maintain free reserves in the range of six to twelve months defined operating expenditure.” — page 11
“During the year, British Dressage Trading Limited received £16,900 (2023: £17,600) for commission on the sale of Dressage Test Pro from Lion Dog Apps Limited, a company in which T Ormrod has significant control. These transactions have been done on an arm’s length basis.” — page 33
“During the year, British Dressage paid £5,737 (2023: £340) in consultancy fees to Lucehann Limited, a company in which R Lane has significant control. These transactions have been done on an arms length basis.” — page 33
“During the year, British Dressage Trading Limited received £16,900 (2023: £17,600) for commission on the sale of Dressage Test Pro from Lion Dog Apps Limited, a company in which T Ormrod has significant control. These transactions have been done on an arm’s length basis.” — page 33
“During the year, British Dressage paid £5,737 (2023: £340) in consultancy fees to Lucehann Limited, a company in which R Lane has significant control. These transactions have been done on an arms length basis.” — page 33
“The charity has a wholly owned subsidiary, British Dressage Trading Limited, which carries out trading activities to raise funds for the charity.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Jill Daychair
- CAROLINE GODFREY
- Derek John Pullem
- Hannah Moody
- Harry Thomas Payne
- JUDY HARVEY
- Richard Lane
- SUZANNE HOMEWOOD
- Tracy-Anne Ormrod
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.6m | £5.5m |
| 31/12/2023 | £5.2m | £5.3m |
| 31/12/2022 | £4.8m | £4.6m |
| 31/12/2021 | £4.2m | £4.0m |
| 31/12/2020 | £3.4m | £3.3m |
Common questions
Is BRITISH DRESSAGE financially healthy?
The accounts state that the group ended the year with a net surplus of £104,681, increasing total reserves to £2,689,353. The trustees report that these reserves represent approximately nine months of defined operating costs, supported by cash and cash equivalents of £3.4 million. Consequently, the Board considers the going concern basis appropriate due to the strong financial position and resilience of income streams. Its FY2024 accounts were audited by Forvis Mazars LLP.