COMPANY REGISTRATION NUMBER: 04712789 (REGISTERED IN ENGLAND AND WALES) I'T0% CO THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 Charity Number: 1098257 IN lllWIIII *AAJWUBEZ• 2211212021 COMPANIES HOUSE A10
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THE HORSE RANGERS ASSOCIATION {HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE CONTENTS OF THE FINANCIAL STATMENTS YEAR ENDED 31 MARCH 2021 Page Report of the Trust•es Auditor's Report 14 Statement of Flnancial Activities 18 Balance Shoot 19 Statement of Cash Flows 20 Notos to the Financial SLitemènts 21
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 TRUSTEES REPORT The Trustees. vtho are also Directors under company law. are pleased to present their annual report and the audited financial statements for the year ended 31 March 2021 under S417 of the Cornpanies Act 2006 and the Charities Act 2011. The financial slatements have been ppared in accordance with the accounting policies set out in the notes to the financial statements, comply with the requirements of the Companies Act 2006, the Company's Memorandum and Article5 of Association and have been prepared in accordance with Charities Statement of recommended Practi applicable to charities preparing their accounts in the accordan with the provisions of Finanal Reporting Standard applicable in the UK and Republbc of Ireland (FRS102 -section 1A - for smaller enlities). REFERENCE AND ADMINISTRATIVE DETAILS The Horse Rangers Assoriation (Hampton Court) Limited [hereafter HRAJ (Company Registration 4712789) is a Charitable Company (Charity Registration No 1098257), with Ihe liability of its members limited to £10 each by guarantee. The chanty's registered office is located at Royal Me, Hampton Court Road, East Molesey, Surrey KT8 9BW Website WWoV.horserangers.c¢)m HRA retains services of the following key professional advisors: _ Bankers - HSBC Bank FYC, 54 Clarence Street, Kingston Upon Thames. Surrey KT1 1 NS Auditors - Brewers Chartered Accountsnts. Boume House, Queen Street. Gomshall, Surrey GU5 9LY STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT HRA is governed by its Memorandum and Articles and is registered for tharitable purposes with the Charity Commission, Charity Registration number 1098257. GOVERNING BODY HFiA review annually the skills aThJ competencies of the Board of Trustees to maintain the righl level of knowledge, experience, and skill. Opportunities for training and support in their roles are provided as and when required. Trustee are recruited by advertising vacancies with online trustee recruitment portals and from within the HRA community. HRA Trustees are elected at a full board meeting with confirrnation at th8 next annual general meeting. or when property nominated at a general meeting. Consideration on eligibility is given to personal competence and specialist skills. and once elected they are delegated an area of responsibility. The following trustees of HRA served during the year: _ Trustees Area of Responsibillty Hugh Player Acting Chaim)an from 24 August 2021- appointed 20 July 2021 Joanna Clay Govemance - appointed 20 Juty 2021 Marcia Hockley Rernuneration. RDA - appointed 20 July 2021 Liam Keamey Property Caroline Osmer Finance. Remuneration Gemma Ractliffe Strategy Jeremy Schomberg Temporarily stood down as chairman from 24 August 2021 Ben Skuse Govemance
THE HORSE RANGERS ASSOCIATION {HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 Sarah Ing Kathryn Walker Resigned 8 September 2020 Resigned 15 December 2020 Cornpany secretary Liam Keamey During the year meetings are held on a regular basis with Trustees. the Director and other key individuals attending when necessary {e.g. Safeguarding Lead. Head Gri)om etc.) to detemiine the general policy of the charity and review its results and overall management and control. The Board of Trustees as a whole tske responsibility for all policies and procedures relevant for HRA. The work of implementing the policies and managing the day to day running of the organisation is carried out by the Director. and details of the current stsffing is provided as per organisation drt below. .ctOr Instruciors 12 part timel Development and Volunteers Manager Ipart tirnel Members and Volunieers Liaisor Manager Ipart timel Head Groom Office Administratio Accountant Ipart tsmel Depuly Flead Groom 11 fLJII time, 1 part timÈl Grooms 12 lull time. I part limel As al the date of this report the Director of HRA is Jeremy Richardson and the Development and Volunteers Manager also aots as the Safeguarding Lead. The Board of Trustees recognises its responsibilty to ensure that adequate risk management prOdureS are both in place and implemented to ensure a safe working environment. The Board has accountability for reviewing and approving the adequacy and effectiveness of internal controls operated by the charity. A risk register is maintained vthich idenlrfies areas in which the organisalion might be vulnerable or on which we need to focus altention, this is managed by Ben Skuse. who reviews the register on a regular basis with the Director and Trustees. either indNidually or at Trustee Meetings. At each meeting the Board of Trustees receives and monitors reports on Health and Safety and Safeguarding.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 HRA have been based at the Royal Mevts since 1963. The Royal Mews is a Grade 1 Listed building owned and maintained by the Royal Household (our Landlords), and as a result of the regular review by them of Ihe condition of the premises, they have identffied the need for some extensive renovations and refurbishments. Regular Maintenance of the prernises had been curtailed by the coronavirus pandemic. HRA have been advised by our landlords that we w511 need to vacate the Royal Mews by 30 September 2022. Discussions have cornmend our landlords regarding finding a suilable local location for HFiA to relocate to whilst the necessary refurbishment and repairs are undertaken. We are confident that HRA will remain operational during this period of relocatTron. and expect to return to the Royal Mews in due course. The charity retains Citation Ltd as specialist advisers on Human Resources. Employment Law and Health and Safety. As part of their contract Citation undertake an Heanh and Safety Executive (HSE) audit of the premises each year. The Charity is a member of the National Counal of Voluntary Organisations {NCVO), the largest umbrella body for the voluntary and communty sector in England. The NCVO highlights charyes in govemment policies and legislation to its members. HRA is registered as a riding estsblishment wth the LorKlon Borough of Richmond upon Thames and as an approved riding ntre with the British Horse Society (BHS). As such. it is inspected annually by each of these bodies. In this yearfs BHS inspection, HRA was awarded Commended or Highly Commended in all relevant areas. As a Member Group of the Riding for the Disabled Association (RDA). our Special Needs RDA Coaches. RDA Assistant Coaches and RDA Trainee Coaches are assessed on a regular basis to ensure that riding sessions are being delivered lo standard. The RDA County Instructor visits several times during the year to ensure quality is maintained and any development needs are addressed as appropriatè. All staff, adult volunteers and members over 18 years. old who have direct access to children or adults at risk, complete an Enhanced Disclosure and Barring Service check. They are also required to adhere to the training requirements set out the Safeguarding= Protecting Children and Adults at Risk Policy, which is rewewed annually. The Charity employs a member of staff who acts as Safeguarding Lead and she is supported by deputy Safeguarding Leads. All members. staff. and volunteers accept that riding involves taking risks. These are minimised by careful training and supervision. There are eslablished procedures in place for dealing with accidenls. and an analysis of incidents is report8d. vlith a view to identfying prObrn areas and mitl9ating future risks. It should be noted that each horse has a weight carrying limit and that any rider above the relevant limit may be restricted or unable to ride. OBJECTIVES AND ACTIVITIES In setting objectives and planning for activities the Trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 ObJectlv•s HRA is a self-supporting. non-profit makir)g. voluntary youth organisalion which enables young peop18 to develop life and leadership skills through leaming to ride and b¢)k after their horses and ponies. It also supports an active Riding for the Disabled section integrating, wherever possible. those with special needs within mainstream Horse Ranger activit5. Our objectives are: To help members to leam Independen and concem for others by guidirvJ them with discipline towards the qualities of integrity. loyalty. honour and trust that will prepare them to become worthy citizens To enable members to develop the skills of good horsemanship through the provision of riding instruction, stable management training and other aspects connected with horses and general recreation To encourage senior members to support both younger members and those with special needs as part of their personal development and in order to achieve promotion through the ranks of the organisation. To continue our work within the k)cal community. with local schools. Children's Services, care homes and Young Carer networks. HRA is a member group of RDA and offer weekly riding sessions for children and adults. as well as Outreach days for young carers and disadvantaged children. Activities undertaken to achiove objectives Membership of HRA is available to all young people irrespecb've of background or ability. Assistsnce with membership. including provision of unrfonns. is given to individuals who can demonstrate financial hardship. Members (known as Rangers) attend on a weekly basis and a taught about all aspects of horsemanship. including riding and looking after horses. Rangers are grouped into Squadrons. which meet at set times each week throughout the year with sessions lasting befven 3 to S hours. Activities altemate each week. with Rangers enjoying riding, paddock dulles and badge work one week and then doing stable management and further badge Vrk the following week. Squadrons are run entirely by adult volunteers, most of whom were Rangers themselves as children. As they progress, Rangers leam the skills necessary to look after the horses and ponies. They develop confidence and a sense of pride in themselves and their abilits. Further they leam leadership and team working skills. as they take responsibility of supervising and leaching younger Rangers. A child of 8 who joins as a Ranger in the junior section, will gradually be given SpOnsIbl11ty for undertaking tssks and mentoring other young members before moving to senior section at the age of 10. where the same sequence of progression continues. Young people with special needs are integrated. where possible into the mainstream squadron activities. However. for those with more acute requirements. HRA is a member of RDA and is able to offer different programmes (Squadrons 6 and 7) for riders with special needs.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 Squadron 6 operates from Tuesdays to Fridays during term time and provides riding opportunities for local special needs schools and local individuals. Classes take place in the Indoor Riding School at the Stockyard and in Bushy Park and last on average 45 minutes. Riders from Squadron 6 are included in all events during Ihe year and hold their own Open Day during the summer term where they compete in a variety of mounted games. Due to the coronavirus pandemic. Squadron 6 activities were unable to run beeen April 2020 and March 2021. Squadron 7 operates on a Wednesday evening for about 1 'A hours and aims to give young people with special needs a similar programme of activities as the mainstream Squadrons, whilst hamessing elements of the RDA programmes. It is a small squadron of only 10 riders who cover riding, stable management and badge work. This provides a pLqtfomi from which those Rangers who demonstrate the ne$Sary skills and confidence can progress and be integrated into the larger mainstream squadrons. Many Rangers from the mainstream Squadrons are volunteers helping to run the Squadron which is mulualty benefiual. Due to the coronavirus pandemic, and social distancing guidelines. Squadron 7 adivities were only able to run for a few months beeen April 2020 and March 2021. Many of our Squadron 7 members had to isolate or shield during the pandemic due to their disabilities or health conditions. When sessions were able to be held, they were run only by RDA Group Coaches in compliance with RDA and governmeni guidelines. HRA is very reliant on volunteers to fulfil its obiecknves. Volunteers a mostly long standing members of HRA, and whilst still enjowng coming in, they are encouraged to take on extra responsibilities to help the younger Rangers leam and take full benefit of the inclusive community offered. These Rangers, Commandants and Officers run the programme of activities for Squadrons 1 to 5 and volunteer RDA coaches run the programme of activities during the week for Squadrons 6 and 7. A summary of the composition of each Squadron is promded below (as at 31 March 2021)- Mainstream Horse Rangers SQN1 SQN4 Membership Numbers Rangers Unattached Rangers Total Rangers SQN2 SQN3 SQN5 TOTAL 62 10 72 49 10 59 57 17 185 27 64 Ran8ers moved to other squadrons 17 212 Officer inc Cadet Officers Unattached Officers Total Officers 10 14 16 10 14 17 Overall Totsl 258 Prior Year 328 The coronavirus pandemic has had far reaching implications, including a change of location and working environment, reduced access for members and, mosl imporlanlly from a financial perspective. restricting our ability to indu¢t new members to cover the natural attrition of those leaving. During the year the
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 number of Rangers at HRA decreased by 70 which had a significant impact in income reported. The framework for all activities across the year al HRA was determined by Govemment advi and guidance from the British Horse Society. As identifd in the following tab RaThJer activities duriry the year were severely impacted with at least 6 months where it was not possible for Rangers to attend any sessions at HRA. With the relocation of the horses to the Stockyard. the majority of actiwlies have had to be restricted to weekends only. As a resull of this, it was agreed that all rangers in squadron 4 (who historically attended sessions on Thursday evenings) would be amalgamated into other squadrons. Date Ranger Activities 18-Mar-20 All activities al HRA ceased 23-Mar-20 Nationwide lockdown announced 27-Mar-20 All horses relocated to grazing fields at Stod(yard 21-Jun-20 Some activities resume at the Stockyard - small squadron groups attending horsemanship sessions and indeperKl8nt riders atteThJing in small groups for riding and hotse care 12-Sep-20 Activities opened up for all Rangers at the Stockyard. albeit every other week to manage group nurnb8rs 14-Nov-20 All activities at HRA cease again 05-Dec-20 Activities resume for all Rangets at the Stockyar(I 06-Jan-21 All activities at HRA cease again 03-Apr-21 Activities resume for all Rangers at the Stockyanj AII RDA activities at HRA ceased on 17 March 2020. Limited activities for some members of Squadron 7 were restarted at the Stockyard on the 1 W August 2020 and in line with mainstream Rangers Stopped and started as per the above table. Progression through the Horse Rangers is monitored by badge work and promotions. During the year, as and when achieved, Rangers wll receive Iheir badges (Tenderfoot. Bronze Spur. Silver Spur and Golden Spur). recognising a combination of technical knowledge and hotsernanship at the requirèd level. It was possible to award some badges during the year. and the lockdovm was an ideal opportunity for Rangers to catch up on their horsemanship knovledge. Our annual Awards Day. nomally be held during the Summer to recognise the achievements of members was cancelled in 2020 due to the coronamrus pandemic. It is usually an opportunity for those who have eXlled and shown Commitment to the organisation to be given public recognition in the presence of their peers. family and friends. Many Rangers and volunteers have shown amazing velS of commitment to the organisation during a very drficult year. and a number of promotions were made as per the following table:. Promotions SQN SQN SQN SQN TOTAL to Lan Corporal to Corporal to Sergeant to Staff Sergeant Commarbjants Award 15 17 11
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) UMITED COMPANY UMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 Further recognrtion of achievement in horsemanship and application of HRA principles across the rangers and volunteers is provided in the following awards for Pony Squadron 5: _ Endeavour Award Smartest Junior Horse Ranger of the Year Junior Horse Ranger of th8 Year Pony Helper of the Year HRA Young Leader Awards ACHIEVEMENTS AND PERFORMANCE HFIA has had a challenging year with the wronavirus pandemic impacting widely across all activilies for the enlire year. At all limes HRA complied wth govemrnent guidelines as well as the guidelines ofour goveming bt)dies, namely BHS and RDA. All Ranger activities ceased on 18 March 2020 due to the coronavirus pandemic and a nationwide lockdown was annoUnd on 23 March 2020. It vms agreed on 27 March 2020 that all the hotses were moved up to the Stockyard on the 27 March 2020 with necessary alterations being made to accommodate the horses and all Ranger activities have operated from the Stockyard since then. As noted in the prior table there was at least 6 months during the past year when there was little opportunity for Rangers to take part in their usual actibities. During these times great efforts were made by staff. Commandants. Officers and volunteers to engage with the Rangers. These efforts have included: _ Easter equine quiz Rangers sending in drawings and paintings of their favourfrte horses Creative writing wmpelition - Why I love HRA- 2 Rangers winning prizes HRA Hat challenge - very amusing recording Ffv)Sted aosS HRA social media Online sessions for Horsemanship and sharing other relevant training material Updates from the horses across HFi4 social media Zoom chals wth the horses Summer competition - V4hat kept you sane during Lockdown? Who can't you wait lo see again at HRA? When you lookback at your time at HRA who's besth you? _ priTrs donated by Jack Petchey HFiA has an online portal for Rangers called PonyHub. Rangers are able to access their training, badge records and lecture information. It was launched in 2019 and proved very useful over the lockdown year for Rangers to look at their progress and to access equine lectures uploaded by the Instructors and Commandants. PonyHub is also a place for medical records and emergency ¢x)ntact infomation to be stored securely. The Trustees would like to commend very highly all the hard work and commitment from the staff during this difficult year and also to those senior members of each squadron who have made Ihemselves available to fill in the gaps for horse care throughout the 12 months. The restridions imposed required stable staff to work longer hours to ensure the horses were looked after. and where possible they were assisted by volunteers. During the year they kept all the horses fit and healthy, ready for work as and when it was possible. With the horses being relocated to the Stockyard on pemianent tumout substantial cost savings were made as the horses were not stabled (except in emergencies). HRA fudoughed 4 staff during the year and made one member of staff (Office and Events Manager) redundant in November 2020. During the year, HRA received payment of £51,758 for furloughed staff.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 The priorities for Trustees for 2020121 were: _ To maintain a safe environment throughout lockdown for staff. volunteers and members ensuring we had the requisite PPE equipment. protocols and procedures to keep everyone safe: To carry out risk assessments to allow the safe opening up of Ranger activities when possible. within govemment restrictions" To ensure the charity continues to operate efficiently" To maintain our dialogue ¥th the Royal Parks, Royal HousePrt)Id and others regarding our need to move from the Royal Mews and to find an optimum new location: To recognise that, as a charity. we need to fundraise to cover our core costs arKI so broadeniw aThJ growtng our furKlraising base, specifically developing long temi relationships,. To maintain tight control on costs and looking for efficiency savings wherever possible; To maintain the high standard of welfare for the horses used by the Rangers: To continue to develop our outreach programme. targetir@ disadvantaged members in our local community: and To grow our volunteer base so as to spread the invaluable work whTrch they do for the charity more evenly and engaging more with the local community. Ranger numbers have dropped off during the year. and historically HRA has about 65 Ranger resignations each year {exams. moving away. etc.,) Normally new Rangers would be recruited to level our numbers however during this lockdown year this vms not possible resulting in numbers decreasing by 70 since 31 March 2020. Wilh the easing of lockdown restrictions in April 2021 evening induction sessions were held throughout the summer allowing a large number of new members to be inducted together. This has helped to increase our membership numbers. Over 50°h of these 'recruits' were part of our SupportiThJ Families Scheme. Thèse sessions were considered to be very successful, and rt is hoped to be repeated in future years. During the year subscripti¢)ns for families experiencing financial hardship were reduced or suspended on a case-by-case basis for an agreed period of time. The Trustees would like to extend their gralitude to all Rangers and their families for remaining so supportive of HRA during this difficult year. Over the past year, donations and grants were £20.000 lower. HRA Vre very grateful to our major Granl providers who allowed their grant money to be used for our core costs. The Trustees are extremely grateful for all funds received and would like to especially thank the following for their generous donations.. - BBC Children in Need British Horse Society City Bridge Trust Communty Foundation for Surrey Department for Digitsl, Culture, Media & Sport (DCMS)
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 Duke of Edinburgh Trust Groundwork UK Hampton Fund Jack Petchey Foundation JAM Trust Petplan Richmond Civic Pride Fund Rowan Bentall Charitable Trust Sir Peter O'sullevan Charitable Trust SporTedd In addition. the Trustees would like to thank everyone who has donated to HRA via regular monthly payments. online giving in support of HRA electric fencing and horse retiremenl fundraising campaigns, and our Adopting a Horse scheme. Unfortunately, due to the coronavirus pandemic we were not able to raise funds at our usual events held over the course of the year. Generous donations, in particular from Your School Lottery. Get Lucky Lal, Peter W¢)odberry Watts, Middlesex Provincial Lodge, Order of Women Freemasons, Paypal Giving Fund, at)d the very many individual donors that have enabled HRA to continue our programmes with Riding for the Disabled, our Outreach day5. Young Carer Days and the development and growlh of our Supporting Families Programme during the year. HRA is especially grateful to Ihe stable slaff and volunteers who worf( very hard to ensure thèse activities are a memorable and enjoyable experience for all. During the year HRA continued to invest where possible in training for our staff and volunteers (primarily the officers within each Squadron) by ensuring that all necessary training is provided to enable compliance with regulations and also offer the ability to improve skills and increase knowledge. The table below summarises the courses attended during the year. which are in addttion to training undertaken by the Rangers within their own squadrons. Training Sessions Attended by Rangers Vols 12 14 Total Staff Safeguarding First Aid Display screen equipment (DSE) training Fire Extinguisher Use BHS First Aid Day 24 19 Total 12 26 47 It should be noted that RDA Coaches and Trainee coaches are qualifted according to nationally recognised standards of the RDA. The suitability, health and welfare of all the horses at HRA is managed at a very high standard by the Head Groom and her staff. The Stable staffs dedication and team work ensure that the horses are able to contribute in a very positive way all the activities at HFIA. 10-
THE HORSE RANGERS ASSOCIATION {HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 A summary of horse numbers and responsibilities is promded below: _ Responsibility Mainslream work only RDA and Mainstream New ArrivallNew Arrival - trial Mascot In retirement - used for teaching Horses 13 29 During Ihe year HRA was unable to hold any events to showcase the achievements of Rangers. to thank volunteers. to celebrale the season5 and to commemorate the founder of HRA. The gradual lifting of r8slrictions through 2021 will see the luM of these events for HRA. FINANCIAL REVIEW HRA has reported a surplus of £38.776 (2020 Loss £44.187) for the year. Principal funding sources are donations from rangers and grants. Income of £623,246 (2020 £641.044) was lower than the previous year as the net result of.. - Donations of £396,088 (2020 £515.123) beirtsJ significanlly reduced due to the impact of the ronawrus pandemic. During the year 70 rangers resigned and an average of 22 rangers per month suspended or reduced their regular monthly contributions and at the time of signing this report S rangers are still donating less than usual. Grant income of £216.326 {2020 £76,813) was increased partly through the receipt of £51,716 under the Coronavirus Job Retention Scheme and a Youth Covid 19 Support Fund grant of £51,313 from the Department for Digital Media. Culture and Sport and many funders agreed lo redesignate their funds for core costs. HRA have employed an extemal nsUltant to assist with the submission of grant applications. Expendilure of £584,470 {2020 £685,231) was considerably lower than the previous year due mainly to the cost savings from reltxaling all the horses to the Stockyard for the year, nlling all HRA events due to coronavirus restrictions and other savings made during the year. During the year Management at HRA continued to pursue an ambitious and challenging fundraising programme to bridge the gap between income and costs. In particular they Vre able to secure agreement from a number of larger funders that funding could be redesignated to cover 'core costs.. The costs of providing each element of HRA'S activrtEs are monttored against the funding received, highlighting vhjere targeted efforts with respect to fund raising are required. Of particular note is the Supporting Families programme where opportunities are given to families vtho would otherwse struggle to access the experience HRA offers. Grants are awarded on the basis of eligibility and the cost of providing the service and each application is considered individually to ensure the right level of support is available. During the year 31 Rangers benefitted from funds raised to support this pr(gramme.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY UMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 Whilst at a very reduced level activity during the year the RDA and Outreach Programmes are relatively well funded and remain an area where HRA is 100% commttted to the operation and growth of this programme. Resorves Policy HRA'S cUrnt resenrfes policy is to ensure there is no disruption to activities in the event of an unforèse8n reduction in income or increase in expenditure. On 31 March 2021 HRA had unrestricted free rwserves of £228,940 (2020: £219,326), continuirKJ to reflect the need to secure a long-temi solution to our property needs and to cover any unforeseen financial implications of the coronavirus pandernic. The reserves policy is kept under regular review and Trustees base their decision on an evaluation of risk in order to set the appropriate free available reserves level. It should be noted that the level of reseNes which HRA retains in more drficult economic times may be higher than in a more benign environment reflecting additional drfficulties in trying to fundraise (to meet any funding gaps) in such Gircumstancès. In accordance with our busines5 plan. we have continued to maintain our reserves until such time as a long-term solution to HRA'S property requirements has been agreed which may well involve a significant increase in future costs. Investment Pollcy HRA has absolute powers of investment of its corporate se$. The Board continue to review the investment risks and rewards in the current stale of the market. Our policy is to put funds not required for day to day cash management in higher elding deposit accounts. HFIA have continued to maintain accounts at fwe dtfferent banks and buikling societies, with a view to reducing the organisation's exposure to individual financial institutions and to improve investment yield. Each of these accounts continues to be covered under the Financial Services Compensation Scheme. HRA will continue to monitor whether addits'onal accounts will be required in the future. The Trustees continue to review the banking arrangements in order lo asrtain whether better rates of interest can be eamed by considering altemats.ve appropriate investment options and also whether HRA can reduce bank charges in the future. FUTURE PLANS HRA will continue to offer opportunitses to chiklren and young people within the local community and is unique organisation. HRA is not a riding school. and Rangers not only achieve the next best thing to owning their own horse but also form many dose and enduring friendships, wth the organisation supporting individuals to become well-rounded members of society. 12-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 Specific future plans will= _ Progress discussions and negotiations regarding a long temi solutton for premises from which HRA can operat8.. Review HFL4's funding model to ensure a more stable revenue base. which matches the cost of delivery of the organisation's actrvities: Promote HRA and the benefits of being a RarvJer more widely in the local communty. In partTrcular, facilitate discussions betsveen HRA. BHS and RDA to ensure greater alignment of teaching and qualrfications. STATEMENT OF TRUSTEES, RESPONSIBILITES The Trustees who are also direclors of HRA are responsible for preparing the Trustees Report and Financial Siatements in accordance with applicable law and United Kingdorn Generally Accepted Accounting Practice. Company law requires the Trustees lo prepare accounts for each financial year which give a true and fair view of the slate of affairs of the charitable company including the incc*ne or expenditure. In preparing the accounts the Trustees are required to: Select suitable accounting policies and then apply them consistentty" Observe the methods and principles in the Charities SORP. Make judgements arKI estimates that are reasonable arKJ prudent" State whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the accounts: and Prepare Ihe accounts on the going concem basis unless it is inappropriate to assume that the company'will continue in business. The Trustees are responsible for keeping proper accountiNJ records which disdose, viith reasonable accuracy, the financial position of the charitsble company at any time. and lo enable them to ensure that the accounts comply with the provisions of the Companies Act 2006. They are also responsible for safeguardiThJ the charitable company's assets arKI hence for taking reasonable steps for the prevention and detection of error, fraud or other irregularities. The Trus18es confirm. as far as they are avftre. that the is no relevant audit information of which the charitable company's audrtors are unaware- and that the Trustees have taken all steps that they ought to have taken as Trustees in order to make themselves aware of any relevant a11 information and to establish that HRA'S auditors are aware of that inforniation. This report has been prepared in accordance the Special Provisions for Small Cornpanies under Part 15 of the Companbes Act 2006. iam Kearney Trustee oved by the Trustees on 14 December 2021 13-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 INDEPENDENT AUDITOR'S REPORT TO THE f•lEMBERS OF HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED Opinion We have audited the financial statements of The Horse Rangers Asscciation (Hampton Courtl Ltd (the 'charitable company.) for the year ended 31 March 2021 vthich comprise the Statement of Financial Activities, the Balance Sheet. Statement of cashflows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard appI9h1e in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practi). In our opinion. the financial statements: give a true and fair view of the stste of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources. induding its income and expenditure, for the year then ended.. have been propedy prepared in accordance with United Kingdom Generally Accepled A¢UntIng Practice; and have been prepared in accordance with the requirements of the Companies Act 20fA. Basis for opinion We conducted our audit in accordance Vth Intemational Standards on Auditing {UKI (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requ1mentS that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence V have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of accounting in the preparation of thè financial statements is appropriate. Based on the work we have perfomed. we have not identified any malerial uncertainlies relating to events or conditions that, individually or collectively. may cast signtficant doubt on the entivs ability to Continue as a going concern for a period of at least Iwelve months from vthen the financial statements are authorised for issue. Our responsibilities and the reswjnsibilities of the trustees with respect to going concern are described in the relevanl sections of this report. Other informatlon The other infomialion comprises the infonnation included in the annual report other than the financial statements and our auditorfs report thereon. The tnjstees are responsible for the olher infomiation contained wilhin Ihe annual report. Our opinion on the financial statements does not cover the other information and, expt to the extent otherwise expliotly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infoThalion and. in doing so, consider whether the other information is materially inconsistent with the financial stalemenls or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistenaes or apparent material misstatements, we are required to determine whether this gives rise to 14-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomialion, we are required to report that faGt. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on Ihe Yrk undertaken in the course of the audit.. the infomiation given in the trustees, report. which includes the directors, report prepared for company law purposes. for the financial year for which the financial statements are prepared is consistent with the financial statements: and the directors. report included vithin the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which wo are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, have not identrfied material misstaternents in the trustees. report. We have nothing to report in respect of the following matters in relatn to which the Companies Act 2006 requires us to report to you rf, in our opinion: adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us" or the financial statements are not in agreemenl the accounting records and returns" or certain disclosures of trustees. remuneration specified by law are not made." or we have not receNed all the infomation and explanations we require for our audit: or the trustees, were not entitled lo prepare the finanal statements in accordan with the small ompanies regirne and take advantage of the small companies, exemptions in preparing the trustees, port and from the requirement to prepare a strategic report.. Responsibilities of trustaes As explained more fully in the trustees. responsibilities statement on page 13 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as the trustees detemiine is necessary to enable the preparation of finanal statements that are free from material missiatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to Continue as a going wncem. disdosing. as applicable. matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operalions, or have no realistic allemative but to do so. AudItoS responslbilities for the audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statem6nts as a whole are free from material misslalement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assuran is a high level of assurane*. hiit is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slatements. 15-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY UMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 Irregularities. including fraud. are instances of non-compliance with laws and regulations. Based on our discussions with the charity's management and the trustees, we identified that the following lavts and regulations are signrficanl to the entity: Those law and regulations considered to have a direct effect on the financFal slatemenls including UK FinanGial Reporting Standards and Charity Law Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the charity and therefore may have a material effect on the financial statements including compliance with the charitable objeclives. public benefit. fundraising regulations. safeguarding and health and safety legislation. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities. including fraud. These matters were discussed amongst the engagement team at the planning stage and the time remained alert to non-compliance throughout the audit. Audit prOdureS undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and the Trustees as to whether the entity complies with such laws and regulations: enquiries WTlh the same concerning any actual or potential litigation or claims.. inspection of levant legal Corresponden., review of Trustee meeting minutes; testing the appropriateness of joumal entries" and the perfornance of analytical review to identrfy unexpe¢ted movements in account balances which may be indicative of fraud. No instances of material non-compliance were identified. However, the likel1h0c of detecting irregularities. including fraud, is limited by the inherent drfficulty in detectiTh3 irregularits"es, the effectiveness of the entity's controls, and the nature. timing and exient of the audit procedures performed. Irregularilies that result from fraud might be inherently more drfficult to detect than irregularities that result from error. As explained above. there is an unavoidable risk that material misstatements may not be detected. even though the audit has been planned and perfomied in accordance with ISAS (UK). A further description of our responsibilities for the audti of the financial statements is located on the Financial Reporting Council's YbsIte at.. htt s:IIwK4v.frc.or .uklauditorsres nsibililies. This description fomis part of our auditorfs report. Use of our report This report is made solely to the ¢haritable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To Ihe fullest extent pennitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work. for this report, or r the opinions we have fomied. Andrew Skilton (Sonlor Statutory Auditor) For and on behalf of Brewers Chartered Accountsnts. Statutory Auditor Boume House Queen Street Gomshall Surrey 14 December 2021 16-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURD LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2021 17-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTMTIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2021 Total Funds Year Ended Unrestricted Restricted 31 March Funds Funds 2021 Total Fund8 Year Ended 31 March 2020 Note Income From: Donations and grants Charitable activities Other trading activities Investments Other Total 555.538 56,876 612,414 591.936 640 27,557 3.835 168 2.104 168 2.104 Expenditure on: Raising funds Charitable activities Total 11.986 555 018 11,986 572 484 51.223 634 008 Net (expenditure)Ilncome Transfer between funds Net Movement in funds (634) 39,410 38,776 {44.187) 17.18 Reconclllatlon of lund8 Funds Brought forward Funds Carried fOard 252 659 259 30 7 018 77 864 17.18 18
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE 8ALANCE SHEET YEAR ENDED 31 MARCH 2021 31 March 2021 31 March 2020 Unrestrlthd Restricted FIXED ASSETS Investments Tangible assets 13 14 28.719 36,387 65,106 38,149 CURRENT ASSETS Debtors Cash at bank and in hand 15 77.962 192 323 270 285 77,962 216 gg2 294 954 21,016 254 729 275 745 24 669 CREDITORS: Amounts falling due within one year NET CURRENT ASSETS 233 345 TOTAL ASSETS LESS CURRENT LIABILITIES 257.661 40.792 298.453 259.677 NET ASSETS FUNDS Unrestrided Restricted 17 257.661 257,661 252.659 18 TOTAL FUNDS These Financial Statements have been prepared in accordance with the special provision for small companies under Part 15 of the Companies Act 2006 and in awrdance with the provisions of FRS 102 Section 1A- small entities. The Trustees acknowledge their responsibilities for. - (i) ensuring that the chanty keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006, and (li) preparing Financial Statements which gtve a true and fair view of the state of affairs of the charitable company as at the en¢J of the financial period and of its surplus or deficit for the financial period in accordance with the requirement5 of Sections 394 and 395. and which othewse comply wth the requirements of the Companies Act relating to Financial Statements, so far as applicable to the charitable company. These Financial Statements W8r8 approved by the members of the Board on 14 D8cemb8r 2021 and are signed on their behaff by: H Player Company number. 04712789 Charity number .' 1098257 L Keamey 19-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) UMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2021 2021 2020 Cash fltxvs from operating activities: Net Cash used in operating activities - Note 22 (3.377) {39.138) Cashfiows from Investlng actfvftles Interest Purchase of Tangible fixed assets Net cash used in investing activilies 2,104 36.464 {34.360) 3,835 11.790 (7.955) Chango In cash and cash equivalents {37.737) {47.093) Cash and cash equivalents at the beginning of the reporting period 254,729 301,822 Cash and cash equivalents at th¢ ond of tho reporting period 216.992 254.729 -20-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES (a) Basis of accounting The charity is a public benefit entity and these Financial Statements have been prepared under the historical cost convention in accordance with Financial Reporting Standard applicablè in the UK and Republic of Ireland (FRS 102) and in accordance and the Companies Act 2006. The presentational urrency is £ and the accounts are rounded to £1. (b) Going concern The accounts have been prepared on a going nCern basis. The trustees have continued to factor in the effecls of the coronavirus pandemic in forecasts and budgets and believe there are sufficienl resources to continue for the foreseeable future, which defined as one year from the date of signing these accounts. {c) Subscriplions Subscriptions vthich are voluntary are recognised when th8 charity is entitled to receipt. (d) Donations and Grants Donations and grants relate to contributions made by individuals and organisations and are recognised when there is a probabilty of receipt and the amount can be measured wilh reasonable certainty. Grants with perfomance conditions are only recognised once conditions have been met. (e) Gift Aid Gift aid is cogniSed at the same time as the related donation. (f) Trading Income Trading income relates to commission made on unrfomis sold by PSL Team Sports, sales of badges, the canteen at the Royal Mews. Hampton Court and money raised from additional lessons and hacks offered to members arid volunteers. Trading InMe is renised when receivable. {g) Fundralslng Income Income from events is recognised in the period in which the event takes pLgce. (h) Other Income Other income is Veterinary Insurance rewvery and is recognised in the period to which the claim relates. (i) Interest Interest is recognised on an accruals basis. (i.) Intangible income The charity operatès from Crown Propety. No intaThJible in¢ome has been ¢ryded in the ac¢ounts due to the impossibility of valuing a royal property. 21
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 (k) Direct and Overhead Expenditure Expenditure is recognised on an accruals basis. Certain expenditure is direclty attributable to specffic activities and has been included in those $t categories. The Irreverab1e element of VAT is includèd with the item of expense to when it relates. Charitable Activities includes staff costs. insurance, horse costs. plus a proportion of support costs. Raising funds includes the costs of the shop and canteen. costs associated with fundraising and a proportion of ntral support costs. Governance costs include legal advice and audit. Support costs have been alloGated according to percentage of time spent by employees on charitable activities. cost of generaling funds and gove[nan. Redundancy payments are made in line with ststutory requirements. (l) Pension The Charity operates a defined contribution scheme, operated by Royal London. Costs are included in staff pension costs. Costs recognised are equivalent to the contribution in the year and are recognised on an accruals basis. (m) Investment Pollcy Investments in subsidiaries are recorded at cost. (n) Fixed Assets Fixed Assets are stated at cost less dePreation. Fixed assets below £100 are not capitalised. (o) Deprnclatlon Depreciation is calculated so as to write off the cost of an asset. less its estimated resKlual value, over the useful economic lrfe of that asset as follows: Horses and Equipment- 10% 125% straight line Computer Equipment- 33Vo straMJht line Motor Vehicles- 25¥0 Straight line The carrying valuè of fixed assets are rewewed annually to consider impainnent. (p) Debtors Deblors are measured at sethement amounL net of any di8count. {q) Cash and cash equivalents Cash and cash equivalents include cash at bank and short tem hhlY liquid investments with a maturity of 100 days. (rl Creditors Creditors and provisions 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 paty and the amount to settle the obligation can be measured or estimated reliably. Creditors and provisK)ns are nOMllY recognised at their settlement amount after allowing for any discounts. (s) Funds Unrestricted funds are donations and other income receivable nol subject to any restrictions. Restricted funds are grants and donations to be used for specific purposes as laid down by the donor and are deferred where conditions of the grant require it.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) UMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 (t) Operatlng leases Rentals applicable to operating leases where substsntially all the benefrts and risks of ownership remain with the lessor are charged against thè profrts Cjn a straight line bass over the period of the lease. (u) Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequent measured at their settlement value. (v} Estimatas and judgomonts In preparing the accounts it is necessary to make certain judgement. estimates and assumptions that affect the amounts recognised in the financial statemenis. The charity estimates the useful lives of fixed assets based on the period over which the assets are expected lo be availab for use. The estimated lives a reviewed periodically and are updated rf expectations differ from previous estimates due to physical wear and tear. There is no d)ange in estimated usefvl lives at 31 March 2021. DONATIONS AND GRANTS Unrestricted Income from donations in 2021 was £390.928 (2020: £512,602) and restricted income of £5,160 (2020.. £2,521). Income from subscriptions VRS net of the subsidies given under the supporting families prograrnme. A total of 31 rangers benefrted from this programme at a cost of £3,139 per month. GRANT INCOME Restricted 31 March Funds 2021 31 March 2020 Restricted Funds Grants In 2020 £2,250 of the grants received were unrestricted and £74,563 were restrided. Under the terms of.the grant agreement. the following grants and donations received in Ihe year ended 31 March 2021 are disclosed individually. In 2021 a number of grants with the grant awarders agreement were repurposed for core costs. These are refenced bek)w. 2021 Funder Purpose Department of Digital, Culture. Media & Core Costs Sport {DCMS) Govemment City Bridge Trust Sir Peter O'sullevan Charitable Tnjst BBC Children in Need 51.313 Coronavirus Job Retention Scheme Growing RDA- repurposed to core costs Mechanical Horse RDA project running costs and part of fundraising volunteers. manager role- repurposed to CO costs Supporting families & RDA Supporting families Supporting famil5 SupportirvJ familEs Awards 51.756 31,750 30.000 23,780 Hampton Fund Petplan Community Foundation for Surrey Richmond Civic Pride Fund Jack Petchey Foundation 9,000 8.000 5,000 4.860 2,500 -23-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 SporTedd JAM Trust The Duke of Edinburgh Trust Groundwork Rowan Bentall Mechanical Horse Mechani1 Horse Core costs Supporting families Core sts 2.iJOO 1.840 1.250 1,166 1.000 Some of these have been deferred to the following year in aCCcdance with the donor's specifications. OTHER TRADING ACTIVITIES 31 March 2021 31 March 2020 Income from sale of goods Income from rendering of services Fundraising income 10,505 366 25 143 £1,504 income in 2020 was restricted. INTEREST RECEIVABLE Restricted Funds 31 31 Mah March 2021 2020 Restricted Funds Bank interest rewvable OTHER INCOME 31 March 2021 31 March 2020 Veterinary Insurance recovery 31 March 2021 31 March 2020 Veterinary Insurance recovery Less Veterinary Costs Net Veterinary Costs 8.560 17.076 -24-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 RAISING FUNDS Restricted 31 March 31 March Funds 2021 2020 Restricted Funds Trading costs Support costs allocation 8,730 Fundraising costs Support costs allocation 7.063 7.063 32.053 Total CHARITABLE ACTIVITIES UTr restricted Funds Restricted Funds 31 March 2021 31 March 2020 Salaries Insurance Horse costs Staff costs Deprecialion Motor costs Charitable expenses Repairs and maintenance LInceS Health and safety Support cost allocation 248,411 42.342 102,126 8.023 7,030 5,480 248.911 42,342 114,867 8,023 8,230 5.480 3,113 8,707 1.637 5.296 87 247.662 39,774 185,134 7.863 6,778 12,741 3,025 6,610 2,039 3.145 3,790 8,707 1,637 5.296 125878 12 555 018 -25-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) UMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 SUPPORT COSTS (rnemorandum) Restricted Funds 31 March 2021 31 March 2020 restricted Funds Salaries offi costs Depreciation Bank charges Staff welfare & recruitment Governance costs 89.703 23,902 1.277 2,696 2,521 89.703 23,902 1.277 2.696 2,521 86.439 28,256 987 3.867 3,887 Allocated against $1S of generating funds and charitable costs on the basis of time spent. In 2020 Support costs were all unrestricted. 10. GOVERNANCE COSTS Restricted Funds 31 March 2021 31 March 2020 restricted Funds Other Auditors remuneration Auditors fee for accountsncy 3.622 4.950 3,622 4.950 2,693 4.950 11. TOTAL RESOURCES EXPENDED Staff Depreciation Other Costs Costs 31 March 31 March 2021 2020 Direct charitable expenditure Costs of Generating funds Support costs 248,911 8.230 189,465 446.606 511,239 7.063 7.063 40.783 133 209
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 The aggregate payroll costs were.. 31 March 2021 31 March 2020 Wages and sataries Social security costs Pension 307,928 22.173 300.575 25,288 No employee eam8d more than £60.000. The charity paid £1,628 in 2021 {2020: £1,628) for indemnity Insuran for the Trustees. No Trustee received remuneration for their services in the year. No expenses were reimbursed to the Trustees during the year (2020.. £nil). Included within wages and salaries were redundancy costs for one employee which were made in line with statutory requirements. Particulars of employees: The average number of staff employed by the charity durirwJ the financial period amounted to: 31 March 2021 31 March 2020 Support staff Charitable slaff 12 The Trustees consider the key management personnel to cornprise the Director. the office manager and the stable manager. The total compensation paKI to key management personnel in the year was £129,500 (2020.. £126.600). 12. NET INCOMING RESOURCES Net incornin9 resources is stated after charging 31 March 2021 31 March 2020 Depreciation (Profrty Loss on disposal of asset Auditors Remuneration Preparation of accounts OperatirffJ lease rentals 9,507 9,122 (1,357) 4.950 2,130 4,724 4.950 2,130 4,737 -27-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 13. INVESTMENTS The Company has two 100% owned subsidiaries. each comprisirKJ a £1 investment in the ordinary share capital. Horse Rangers No.1 Limited will act as a trading subsidiary Horse Rangers Association Limited has been incorporaled to protect and promote the identity, intests, intellectual property and mode of operation of The Horse Rangers Association (Hampton Court) Ltd. Neither company traded during the year. Reserves at 31 March 2021 were £1 each. 14. TANGIBLE FIXED ASSETS Fittings & Equi ment Motor Computers Vehicles Horses Total COST at 31 March 2020 Additions Disposals At 31 March 2021 76.754 35,504 31.598 960 44.983 58.545 211.880 36.464 DEPRECIATION at 31 March 2020 Charge for the period Disposals At 31 March 2021 69.077 3,041 29.185 1,276 44.982 30,487 5,189 173,731 9.507 NET BOOK VALUE At 31 March 2021 At 31 March 2020 Restricted assets are a mechanical Horse with net book value of £32.762 included within Equipment and within Horses are three restricted horses (2020: three) for Riding for the Disabled with a net book value of £3.623 (2020 - £4.818}. 15. DEBTORS 31 March 2021 31 March 2020 Unrestricted 61.040 Restricted Other debtors Prepayments 61,040 6.211
THE HORSE RANGERS ASSOCIATION {HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 16. CREDITORS: amounts falling due within one year Unrestricted Restrictsd 31 March 2021 31 March 2020 Trade creditors Other creditors Taxes & social Defefred income Accruals 19.326 916 5.707 19,326 916 5,707 20.264 31,772 385 6,181 6.252 20,264 Movement in deferred income Deferred income of £16,619 has been deferred in the year relating to the supp)rting families programme. Expenditure in the year was £2.607 resulting in deferred income of £1.000 for outreach. £110 young carers. £2,000 Jack Petchey and £17,154 for Supporting families. Income deferred as relates to periods specified by grant awards. 31 March 2021 31 March 2020 17. UNRESTRICTED FUNDS General fund brought forward Income Expenditure Transfers from restricted fund General fund carried forward 252,659 566.370 (567,004) 291,646 562.456 (614.713) 18. RESTRICTED FUNDS 31 March 2021 31 March 2020 Restricted fund brought forward Income Expenditure Transfer to unrestricted fund 7.018 56.876 (17.466) 12,218 78.588 {70.518) Restricted reserves of £40.792 (2020: £7.018) carried forward. £2.200 (2020". £2.200) purchase of equipment. £32,762 (2020.. nil) the net book value of the mechanical horse, £3,623 (2020: £4,818), the book value of RDA horses and £2.207 (2020 nil) for grants unspent in year. The transfer in the year of £5.636 to unrestricted funds represented grants for supporting families to cover subscriptions. The transfer frorn restricted fijnds in 2020 of £13.270 to unrestricted funds represented £6.570 towards the Purchase of Iwo horses and £6,700 for grants supporting families.
THE HORSE RANGERS ASSOCIATION {HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 19. ANALYSIS OF NET ASSETS {botwoen rnstricted and unrnstrict•d funds) 2021 Investments Tangible fixed assets Other not assets Total Unrestricted funds Restricted funds 28,719 228,940 257,661 2020 Investments Tangible Olher net fixed assets . assets Total Unrestricted funds Restricted funds 33.331 219.326 252,659 20 RELATED PARTY TRANSACTIONS The charity was controlled by Trustees throughout the period. Some of the Trust88s have children or young adults with the Horse Rangers. G Ractlrffe is a Trustee and serves as a Horse Ranger officer. Donations by the Trustees to the HRA for the audited period was £3.180 (2020.. £4.220>. 21. CHARITY The Charity had the following total commitments under norFcancellable operating leases. 31 March 2021 31 March 2020 Under one year 2-5 years 4,220 4,220
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 22. Reconciliation of net movements in funds and net ca$hfi(yw from operating activities 2021 2020 Net movement in funds for the reportirvJ period {as per the ststement of financial actiwties) Adjustments For.. Depreaation (Profityloss disposal Interest Decrease in stock {Increasey decrease in debtors Increasel (decrease) in creditors Net ¢ash(used inyprovided by operating activities 38.776 (44.187) 9,507 9,122 (1.357) (3.835) 447 5,676 5,004 39.138 (2,104) (56.946) 7,390 3,377 23. Cash and Cash equfvalents and Debt reconciliation 31 March 2021 31 March 2020 Cash and cash equivalents at the stsrt of the year Movement Cash and cash equivalents at the end of the year 254,729 301,822 24. COMPANY UMITED BY GUARANTEE The charity is limited by guarantee. Each of the Members of the charity undertakes lo contribute such amount as may be required (not exceeding £10) to the charity's assets in the event of it being wound up while he or she is a Member or within one year after he or she ceases to be a Member. 31
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 25. Statemont of Financial Activities Year ended 31 March 2020 Total Funds Year Ended 31 March 2020 restricted Restricted Funds Funds Note Income From: Donations Charitable activities Other trading activities Investments Other Total 514,852 640 26.053 3,835 77,084 591,936 640 27.557 3,835 1,504 Expenditure on: Raising funds Charitable activities Total 51.223 563 490 51,223 70 518 634 008 Net (exponditure)nncome Transfer beeen funds Net Movoment in funds {52,257} 8,070 {44.187) Reconciliation of funds Funds Brought forward 291646 12 218 303 864 Funds Carried forward