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← The Horse Rangers Association (Hampton Court)limited

2022-03-31-accounts

COMPANY REGISTRATION NUMBER: 04712789 (REGISTERED IN ENGLAND AND WALES)

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022

Charity Number: 1098257

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

CONTENTS OF THE FINANCIAL STATMENTS YEAR ENDED 31 MARCH 2022

Page
Report ofthe Trustees 2
Auditor’s Report 13
Statement of Financial Activities 16
Balance Sheet 17
Statement ofCash Flows 18
NotestotheFinancialStatements 19

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022 See TRUSTEES REPORT

The Trustees, who are also Directors under company law, are pleased to present their annual report and the audited financial statements for the year ended 31 March 2022 under S417 of the Companies Act 2006 and the Charities Act 2011.

The financial statements have been prepared 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 Articles of Association and have been prepared in accordance with Charities Statement of recommended Practice applicable to charities preparing their accounts in the accordance with the provisions of Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102 -Section 1A — for smaller entities).

REFERENCE AND ADMINISTRATIVE DETAILS

The Horse Rangers Association (Hampton Court) Limited [hereafter HRA] (Company Registration 4712789) is a Charitable Company (Charity Registration No 1098257), with the liability of its members limited to £10 each by guarantee. The charity's registered office is located at Royal Mews, Hampton Court Road, East Molesey, Surrey KT8 9BW Website www.horserangers.com

HRA retains services of the following key professional advisors: - Bankers - HSBC Bank Plc, 54 Clarence Street, Kingston Upon Thames, Surrey KT1 1NS Auditors — Brewers Chartered Accountants, Bourne 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 charitable purposes with the Charity Commission, Charity Registration number 1098257.

GOVERNING BODY

HRA review annually the skills and competencies of the Board of Trustees to maintain the right 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 confirmation at the next annual general meeting, or when properly 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 Responsibility Jeremy Schomberg = Chair Hugh Player Vice Chair - appointed Trustee 20 July 2021 Liam Kearney Company secretary, and Property Marcia Hockley Remuneration, RDA - appointed Trustee 20 July 2021 Joanna Clay Governance — appointed Trustee 20 July 2021 Caroline Osmer Finance, Remuneration — Resigned 21 September 2022 Gemma Ractliffe Strategy Ben Skuse Resigned 14 July 2022

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

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, Fundraiser etc.) to determine the general policy of the

charity and review its results and overall management and control. The Board of Trustees as a whole take 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 staffing is provided as per organisation chart below.

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{full time]
[2 part time]
Head Office Development and Members and
[full Groom Administration Volunteers Volunteers Liaison Accountant
time] [full time] Manager Manager [part time]
[part time] [part time]
Groom
[1 full time, 1 part
time]
{3 full time, 2 part
time]
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As at the date of this report the Director of HRA is Jeremy Richardson and the Development and Volunteers Manager also acts as the Safeguarding Lead.

The Board of Trustees recognises its responsibility to ensure that adequate risk management procedures 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 which identifies areas in which the organisation might be vulnerable or on which we need to focus attention, this is managed by Hugh Player, who reviews the register on a regular basis with the Director and Trustees, either individually or at Trustee Meetings. At each meeting the Board of Trustees receives and monitors reports on Health and Safety and Safeguarding.

HRA have been based at the Royal Mews 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 the condition of the premises, they have identified the need for some extensive renovations and refurbishments. Regular maintenance of the premises had been curtailed by the coronavirus pandemic. HRA have been advised by our landlords that we need to vacate the Royal Mews by 30 September 2022. Following discussions with the Landlords we have secured the use of some land, field shelters and buildings within the Royal Paddocks, which in turn is within Bushy Park. Building works and refurbishments to the Royal Mews are estimated to take between 18-24 months.

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2022 t c Rh s

Office space has also been secured nearby at Constables Boatyard and we continue to enjoy our longstanding use of the Stockyard and riding in Bushy Park.

The charity retains Citation Ltd as specialist advisers on Human Resources, Employment Law and Health and Safety. As part of their contract Citation undertake a Health and Safety Executive (HSE) audit of the premises each year.

The Charity is a member of the National Council of Voluntary Organisations (NCVO), the largest umbrella body for the voluntary and community sector in England. The NCVO highlights changes in government policies and legislation to its members.

HRA is registered as a riding establishment with the London Borough of Richmond upon Thames and as an approved riding centre with the British Horse Society (BHS). As such, it is inspected annually by each of these bodies.

In the most recent 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 to standard. The RDA Regional Coach visits several times during the year to ensure quality is maintained and any development needs are addressed as appropriate.

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 reviewed 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 established procedures in place for dealing with accidents, and an analysis of incidents is reported, with a view to identifying problem areas and mitigating 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.

Objectives

HRA is a self-supporting, non-profit making, voluntary youth organisation which enables young people to develop life and leadership skills through learning to ride and look 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 activities.

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

Our objectives are:

Activities undertaken to achieve objectives

Membership of HRA is available to all young people irrespective of background or ability. Assistance with membership, including provision of uniforms, is given to individuals who can demonstrate financial hardship.

Members (known as Rangers) attend on a weekly basis and are 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 between 3 to 5 hours. Activities alternate each week, with Rangers enjoying riding and badge work one week and then doing stable management, paddock duties and further badge work the following week. Squadrons are run entirely by adult volunteers, most of whom were Rangers themselves as children.

As they progress, Rangers learn the skills necessary to look after the horses and ponies. They develop confidence and a sense of pride in themselves and their abilities. Further they learn leadership and team working skills, as they take responsibility of supervising and teaching younger Rangers. A child of 8 who joins as a Ranger in the junior section, will gradually be given responsibility for undertaking tasks 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 two different programmes (Squadrons 6 and 7) for riders with special needs. Whilst the covid pandemic has had a very adverse effect on our RDA activities, we have been running regular assessments for both participants and volunteers to get our RDA operations back on track. We are working on increasing our RDA operation at least back to pre-covid size, we havea plan in place to increase our current participants from 20 to 28 by March 2023. We will then cautiously make another increase of 16 extra participants by June 2023.

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

HRA is very reliant on volunteers to fulfil its objectives. Volunteers are mostly long-standing members of HRA, and whilst still enjoying coming in, they are encouraged to take on extra responsibilities to help the younger Rangers learn 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 provided below (as of 31 March 2022) —

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Mainstream Horse Rangers
Membership TOTAL
Numbers
Rangers «| 60 ~~? 06 «| ae ~—| =r |
UnattachedRangers | _6 | 9 | 7 | | 22 |
TotalRangers | 66 | 66 | 73 | 24 | 220
Total Officers inc
Unattached Officers | | —+i| 1 | | 1
Total Officers | 10 | 4 | 7 | 5 | 6 |
[Prior
Year | 258
SQN 6 SQN 6
Number of places per week for local riders with Special Needs 12
Maximum number of riders per class 4
RDA Group Coaches 3
RDA Assistant Coaches 0
RDA Trainee Coaches 0
Number of RDA Classes per week (during school terms) 3
Average number of volunteers required for each session 12
Number of volunteers registered for RDA sessions 68
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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022 on eee cmp

iii

SQN 7 SQN 7
Rangers 4
RDA Group Coaches 4
RDA Assistant Coaches 0
RDA Trainee Coaches 1
Average numberofvolunteers required foreach session 10
Number ofvolunteers registered forRDA sessions 16
Breakdown ofRiders’ Special
Needs:
Communication Problems 15
Sensory Disability 7
Disabilitywhich affects ability towalk/weight bear independently 6
Autistic Spectrum Disorder 6
Learning Disability 5
Multiple/ComplexDisability 10

Following the coronavirus pandemic, which had far reaching implications on Horse Rangers, we have tried to return to more normal operations although the break in some of our operations over the past 2 years has caused a number of our long standing volunteers to end their roles with Horse Rangers and replacements have been hard to develop. - -

On returning to full time operations a number of developments which may have had a staggered effect over the past 24 months have happened within 2022; this includes our temporary move from the Royal Mews and a policy from Royal Parks which, though good for the conservation of nature and for their designated SSSI areas, its implementation has had the effect of curtailing some of our Horse Ranger activities and operations within Bushy Park.

The result of all these three influences has affected some of our Ranger operations and have given us some challenges from a financial perspective, restricting partially our ability to induct new members and to offer a full programme of events and activities.

ACHIEVEMENTS AND PERFORMANCE

Progression through the Horse Rangers is monitored by badge work and promotions. During the year, as and when achieved, Rangers will receive their badges (Tenderfoot, Bronze Spur, Silver Spur and Golden Spur), recognising a combination of technical knowledge and horsemanship at the required level.

HRA 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 contact information to be stored securely.

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

The priorities for Trustees for 2021/22 were: -

Ranger numbers have increased in the year 2021-2022 following on from the lockdown periods, we are still not back to pre-pandemic levels, but we have continued to see a growth in Ranger numbers

With 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% of these ‘recruits’ were part of our Supporting Families Scheme. These sessions were considered to be very successful, and it is hoped to be repeated in future years.

HRA has had another challenging year. Donations (including grants) have decreased compared to the prior year, however the costs of running HRA and looking after our horses remain high, and this has contributed to the loss reported in the financial statement. Rangers numbers have droppeda little this year due to ongoing difficulties in recruiting capable volunteers however we do still have a substantial waiting list of new recruits and we will be working with the Commandants to find a way positive way forwards in the New Year.

Over the past year, donations and grants have remained in line with the prior year. HRA are very grateful to some of our major Grant 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 Equestrian Federation British Horse Society City Bridge Trust

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

Childwick Trust Hampton Fund Hargreaves Foundation Jack Petchey Johnnie Johnson Trust Mountbatten Fund One Richmond Richmond Parish Lands Rowan Bentall Trust Sheldon Trust Shotters & Byers The Big Give The British Horse Society The Duke of Edinburgh Trust Worshipful Company of Blacksmiths

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 retirement fundraising campaigns, and our Adopting a Horse scheme. Unfortunately, due to the aftermath of the coronavirus pandemic and the temporary move out from the Royal Mews we were not able to raise funds at our usual events held over the course of the year.

However, some generous support and donations, in particular from Your School Lottery, Get Lucky Local, Peter Woodberry Watts, PayPal Giving Fund, and the very many individual donors that have enabled HRA to continue our programmes with Riding for the Disabled and the development and growth of our Supporting Families Programme during the year. HRA is especially grateful to the stable staff and volunteers who work very hard to ensure all our 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 addition to training undertaken by the Rangers within their own squadrons.

Attendedby
Training
Sessions
Training es ions
rangers Poe		 Total
Sarr]
O
Safeguarding
6
24		 3
33
First Aid
6
5		 3
14
Total
12
29		 6
47
Itshould be noted that RDA Coaches and Trainee coaches are qualified according to nationally recognised
standards of the RDA.
The suitability, health and welfare of all the horses atHRA is managed ata a very high standard by the Head
Groom and her staff. The Stable staff's dedication and teamwork ensure that the horses are able to
contributeinaverypositivewaywithalltheactivitiesatHRA.

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

A summary of horse numbers and responsibilities is provided below: -

No.
Responsibility Horses
Mainstream work only 11
RDA and Mainstream 9
Inretirement-usedforteaching 3

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FINANCIAL REVIEW

HRA has reported a loss of £32,093 (2021 Surplus £38,776) for the year. Principal funding sources are donations from rangers and grants.

Income of £545,511 (2021 £623,246) was lower than the previous year as the net result of: -

Expenditure of £577,604 (2021 £584,470) in total was broadly in line with the prior 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 were 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 activities are monitored against the funding received, highlighting where targeted efforts with respect to fund raising are required. Of particular note is the Supporting Families programme where opportunities are given to families who would otherwise 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 programme.

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% committed to the operation and growth of this programme.

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

Reserves Policy

HRA’s current reserves policy is to ensure there is no disruption to activities in the event of an unforeseen reduction in income or increase in expenditure.

On 31 March 2022 HRA had unrestricted free reserves of £189,174 (2021: £228,940), continuing to reflect the need to secure a long-term solution to our property needs and to cover any unforeseen financial implications of the coronavirus pandemic.

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 reserves which HRA retains in more difficult economic times may be higher than in a more benign environment reflecting additional difficulties in trying to fundraise (to meet any funding gaps) in such circumstances.

In accordance with our business 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 Policy

HRA has absolute powers of investment of its corporate reserves. The Board continue to review the investment risks and rewards in the current state of the market. Our policy is to put funds not required for day-to-day cash management in higher yielding deposit accounts.

HRA have continued to maintain accounts at five different banks and building 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 additional accounts will be required in the future.

The Trustees continue to review the banking arrangements in order to ascertain whether better rates of interest can be earned by considering alternative appropriate investment options and also whether HRA can reduce bank charges in the future.

FUTURE PLANS

HRA will continue to offer opportunities to children and young people within the local community and is a 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 close and enduring friendships, with the organisation supporting individuals to become well-rounded members of society.

Specific future plans will: -

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

STATEMENT OF TRUSTEES’ RESPONSIBILITES

The Trustees who are also directors of HRA are responsible for preparing the Trustees Report and Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company including the income or expenditure.

In preparing the accounts the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charitable company at any time, and to enable them to ensure that the accounts comply with the provisions of the Companies Act 2006. They are also responsible for safeguarding the charitable company's assets and hence for taking reasonable steps for the prevention and detection of error, fraud or other irregularities.

The Trustees confirm, as far as they are aware, that there is no relevant audit information of which the charitable company's auditors 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 audit information and to establish that HRA’s auditors are aware of that information.

This15 ofreportthe Companieshas been preparedAct2006. in accordance with the Special Provisionsdtfor Small Companie Part Jeremy Schomberg Trustee Approved by the Trustees on pate 1S [2] 2-%........

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

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YEAR ENDED 31 MARCH 2022

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED

Opinion

We have audited the financial statements of The Horse Rangers Association (Hampton Court) Ltd (the ‘charitable company’) for the year ended 31 March 2022 which 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 applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (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 requirements 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 we 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 concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated.

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to 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 information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we 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, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, 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 concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but 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 statements.

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2022

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 laws and regulations are significant to the entity:

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 procedures 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 with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of Trustee meeting minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult 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 performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https:/Awww.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable 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 to 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 the fullest extent permitted 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, orffor the opinions we have formed.

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Andrew Skilton (Senior Statutory Auditor)

For and on behalf of Brewers Chartered Accountants, Statutory Auditor Bourne House

Queen Street

Gomshall SurreDate: :Sedase

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2022

Total Total
Funds Funds
Year Year
Ended Ended 31
Unrestricted Restricted 31 March March
Funds Funds 2022 2021
Note £ £ £ £
Income From:
Donations and grants
Othertrading activities
Investments
Other
Total		 2,3
4
5
6		 418,761
7,413
1,425
30,475
458,074		 87,437
-
-
-
87,437		 506,198
7,413
1,425
30,475
545,511		 560,658
168
2,104
60,316
623,246
Expenditure on:
Raising funds
Charitable activities
Total		 7
8		 17,392
509,510
526,902		 -
50,702
50,702		 17,392
560,212
577,604		 11,986
572,484
584,470
Net(expenditure)/Income
Transferbetween funds
NetMovement infunds		 18,19 (68,828)
39,064
(29,764)		 36,735
(39,064)
_(2,329)		 (32,093)
-
(32,093)		 38,776
-
38,776
:
Reconciliation offunds
Funds Broughtforward
FundsCarriedforward		 18,19 257,661
227,897		 40,792
38,463		 298,453
266,360		 259,677
298,453

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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET YEAR ENDED 31 MARCH 2022

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31March 31 March
Unrestricted Restricted 2022 2021
£ £ £ £
FIXED ASSETS
Investments 13 2 - 2 2
Tangible assets 14 38,721 35,181 73,902 65,106
CURRENT ASSETS
Debtors 15 54,200 - 54,200 77,962
Cash at bank and in hand 238,380 40,255 278,635 216,992
292,580 40,255 332,835 294,954
CREDITORS: Amounts falling 16 (62,112) (36,973) (99,085) (61,609)
due within one year
NET CURRENT ASSETS 230,468 3,282 233,750 233,345
TOTAL ASSETS LESS 269,191 38,463 307,654 298,453
CURRENT LIABILITIES
CREDITORS: Amounts falling 17 (41,294) - (41,294) -
due after one year
NET ASSETS 227,897 38,463 266,360 298,453
FUNDS
Unrestricted 18 227,897 - 227,897 257,661
Restricted 19 - 38,463 38,463 40,792
TOTAL FUNDS 227.897 38,463 266,360 298,453
----- End of picture text -----

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 accordance with the provisions of FRS 102 Section 1A — small entities.

The Trustees acknowledge their responsibilities for: -

----- Start of picture text -----
These Financial: “ai&tatements were approved by the members of the Board on13%......04¢.7-%2-4- K Doe 26a3- and are signed on
their behalf by: |
AN} heap -bhope-
Companychomberg number:- Chair04712789 Deputyayer Chair —_—
Charity number: 1098257
----- End of picture text -----

at] Fs

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2022

2022 2021
£ £
Cash flowsfrom operating activities:
Note 22 (16,011) (3,377)
Cashflows from investing activities:
Interest 1,425 2,104
Purchase ofTangible Fixed assets (25,894) (36,464)
Proceeds from sale ofassets 52,123 :
Net cash provided by/(used) in investing activities 27,654 (34,360)
Cash flows from financing activities:
Bounce back loan 50,000 -
Net cash provided by financing activities 50,000 -
Change in cash and cash equivalents 61,643 (37,737)
Cash and cash equivalents atthe beginning of
the reporting period 216,992 254,729
Cash and cash equivalents atthe end ofthe
reportingperiod 278,635 216,992

= 18 «

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

  1. 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 applicable in the UK and Republic of Ireland (FRS 102) and in accordance and the Companies Act 2006. The presentational and functional currency is £ and the accounts are rounded to £1.

(b) Going concern The accounts have been prepared on a going concern basis. The trustees have continued to factor in the effects of the coronavirus pandemic in forecasts and budgets and believe there are sufficient resources to continue for the foreseeable future, which is defined as one year from the date of signing these accounts.

(c) Subscriptions

Subscriptions which are voluntary are recognised when the 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 probability of receipt, and the amount can be measured with reasonable certainty. Grants with performance conditions are only recognised once conditions have been met.

(e) Gift Aid Gift aid is recognised at the same time as the related donation.

(f) Trading Income Trading income relates to commission made on uniforms sold by PSL Team Sports, sales of badges and money raised from additional lessons and hacks offered to members and volunteers. Trading income is recognised when receivable.

(g) Fundraising Income

Income from events is recognised in the period in which the event takes place.

(h) Other Income Other income is Veterinary Insurance recovery, and the Coronavirus Job Retention Scheme, and is recognised in the period to which the claim relates.

(i) Interest Interest is recognised on an accrual’s basis.

(j) Intangible income The charity operates from Crown Property. No intangible income has been recorded in the accounts due to the impossibility of valuing a royal property.

AD -

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

(k) Direct and Overhead Expenditure Expenditure is recognised on an accrual’s basis. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. The irrecoverable element of VAT is included 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 associated with fundraising and a proportion of central support costs. Governance costs include legal advice and audit. Support costs have been allocated according to percentage of time spent by employees on charitable activities, cost of generating funds and governance. Redundancy payments are made in line with statutory requirements.

(I) 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 accrual’s basis.

(m) Investment Policy

Investments in subsidiaries are recorded at cost.

(n) Fixed Assets Fixed Assets are stated at cost less depreciation and impairment charges. Fixed assets below £100 are not capitalised.

(0) Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Horses and Equipment — 10% / 25% straight line Computer Equipment - 33% straight line Motor Vehicles — 25% straight line The carrying value of fixed assets are reviewed annually to consider impairment.

(p) Debtors Debtors are measured at settlement amount, net of any discount.

(q) Cash and cash equivalents Cash and cash equivalents include cash at bank and short term highly liquid investments with a maturity of 100 days.

(r) 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 party and the amount to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts.

(s) Funds Unrestricted funds are donations and other income receivable not 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.

20 -

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

(t) Operating leases Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against the profits on 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 qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

(v) Estimates and judgements In preparing the accounts it is necessary to make certain judgement, estimates and assumptions that affect the amounts recognised in the financial statements. The charity estimates the useful lives of fixed assets based on the period over which the assets are expected to be available for use. The estimated lives are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear. There is no change in estimated useful lives on 31 March 2022.

2. DONATIONS

Unrestricted Income from donations in 2022 was £364,219 (2021: £390,928) and restricted income of £1,380 (2021: £5,160). Income from donations was net of the subsidies given under the supporting families programme. A total of 36 rangers benefited from this programme at a cost of £4875 per month.

  1. GRANT INCOME

Grants

Un- Restricted 31March 31 March
Restricted Funds 2022 2021
Funds
£ £ £ £
54,542 86,057 140,599 216,326

In 2021 £164,610 of the grants received were unrestricted and £51,716 were restricted. Under the terms of the grant agreement, the following grants and donations received in the year ended 31 March 2022 are disclosed individually. In 2022 a selection of grants with the grant awarders agreement were repurposed for core costs. These are referenced below.

Funder Purpose Value BBC Children in Need RDA-repurposed to core costs £24,583 British Horse Society Horse costs £2,542 City Bridge Trust— RDA-repurposed to core costs £49,500 Childwick Trust RDA £10,000 Hampton Fund Supporting Families £12,900 Hargreaves Foundation Supporting Families £16,250 Jack Petchey Awards £3,600 Johnnie Johnson Trust Supporting Families £5,000 Mountbatten Fund Supporting Families £2,000 One Richmond Supporting Families £4,000 Richmond Parish Lands Supporting Families £4,860 Sheldon Trust Supporting Families £5,000 The Big Give Supporting Families £8,382

Some of these have been deferred to the following year in accordance with the donor's specifications.

324

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |4.|OTHER|TRADING|ACTIVITIES| |Unrestricted|31|March|31|March| |2022|2021| |£|£| |Income|from|sale|of goods|793|-| |Income|from|rendering|of services|902|25| |Fundraising|income|5,718|_143| |1413|168|

----- End of picture text -----

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |5.|INTEREST|RECEIVABLE| |Un-|Restricted|31|March|31|March| |Restricted|Funds|2022|2021| |Funds|£|£| |£|£| |Bank|interest|receivable|1,425|-|1,425|2.104| |6.|OTHER|INCOME| |Unrestricted|31|March|31|March| |2022|2021| |£|£| |Coronavirus|Job|Retention|Scheme|9,239|51,756| |Veterinary|Insurance|recovery|21,236|8,560| |30,475|60,316| |31|March|31|March| |2022|2021| |£|£| |Veterinary|Insurance|recovery|21,236|8,560| |Less|Veterinary|Costs|(85,292)|(40,719)| |Net Veterinary Costs|(64,056)|(32,159)|

----- End of picture text -----

  1. RAISING FUNDS

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Un-|Restricted|31March|31|March| |Restricted|Funds|2022|2021| |Funds| |£|£|£|£| |Trading|costs|1,662|-|1,662|-| |Fundraising|costs|12,825|-|12,825|7,063| |Support|costs|allocation|2,905|__-|2,905|4,923| |Total|_17,392|ss|17,392|11,986|

----- End of picture text -----

= 9D

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

i

8. CHARITABLE ACTIVITIES Un- Restricted 31 March 31 March
restricted Funds 2022 2021
Funds
£ £ £ £
Insurance 42,950 - 42,950 42,342
Horse costs 141,516 26,520 168,036 114,867
Staff costs
Depreciation
Profiton disposal ofassets		 8,614
5,272
(42,819)		 1,318
1,202
.		 9,932
6,474
(42,819)		 8,023
8,230
-
Charitable expenses
Repairs and maintenance
Licences		 1,570
10,952
3,812		 3,930
3,060
-		 5,500
14,012
3,812		 3,113
8,707
1,637
Health and safety
Support cost allocation		 3,902
111,363		 -
=		 3,902
111,363		 5,296
125,878
509,510 50,702 560,212 912,484
9. SUPPORT COSTS (memorandum)
Un- Restricted 31 March 31 March
restricted Funds 2022 2021
Funds
£ £ £ £
Salaries 67,818 - 67,818 89,703
Office costs 24,158 - 24,158 23,902
Depreciation 1,320 - 1,320 1,276
Bank charges 3,994 - 3,994 2,696
Staffwelfare & recruitment 2,120 - 2,120 2,522
Governance costs 14,858 - 14,858 10,702
114,268 ———— 114,268 130,801
Allocated against costs ofgenerating funds and charitable costs on the basis oftime spent. In
2021 Support costs were all unrestricted.
10. GOVERNANCE COSTS Un- Restricted 31 March 31 March
restricted Funds 2022 2021
Funds
£ £ £ £
Other 6,679 - 6,679 3,622
Auditors’ remuneration 5,770 - 5,770 4,950
Auditors fee foraccountancy 2,409 __- 2,409 2,130
14,858 cma 14,858 10.702

2932

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

11. TOTAL RESOURCES EXPENDED

TOTAL RESOURCES
EXPENDED
Staff Depreciation Other 31 March 31 March
Costs Costs 2022 2021
£ £ £ £ £
Direct charitable 224,420 6,474 217,955 448,849 446,606
expenditure
Costs ofGenerating funds - - 14,487 14,487 7,063
Support costs 67,818 1,320 45.130 114,268 130,801
292,238 L794 =277,572 277,572 = 577,604 584,470
The aggregate payroll costs were:
31 March 2022 31 March 2021
£ £
Wages and salaries 267,411 307,928
Social security costs 17,506 22,173
Pension 7,321 8,513
292,238 338,614

The aggregate payroll costs were:

No employee earned more than £60,000. The charity paid £1,628 in 2022 (2021: £1,628) for indemnity insurance for the Trustees. No Trustee received remuneration for their services in the year. No expenses were reimbursed to the Trustees during the year (2021: £nil)

Particulars of employees:

The average number of staff employed by the charity during the financial period amounted to:

31 March 31 March
2022 2021
Support staff 3 3
Charitable staff 10 12
413 15

The Trustees consider the key management personnel to comprise the Director, the stable manager, and the office manager in the prior year. The total compensation paid to key management personnel in the year was £90,600 (2021: £129,500).

Den

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

12. NET INCOMING RESOURCES

Net incoming resources is stated after charging

Net incoming resources is stated after charging
31 March 31 March
2022 2021
£ £
Depreciation 7,794 9,507
(Profit)/ Loss on disposal ofasset (42,819) -
Auditors Remuneration 5,770 4,950
Preparation ofaccounts 2,409 2,130
Operatingleaserentals 4,220 4,724
  1. INVESTMENTS

The Company has two 100% owned subsidiaries, each comprising a £1 investment in the ordinary share capital.

Neither company traded during the year. Reserves on 31 March 2022 were £1 each.

14. TANGIBLE FIXED ASSETS

TANGIBLE FIXED
ASSETS
Fittings &
Equip-
ment		 Computers Motor
Vehicles		 Horses Total
£ £ £ £ :
COST on 31 March 2021 112,258 32,558 44,983 58,545 248,344
Additions 2,928 2,366 6,600 14,000 25,894
Disposals (10,183) - (32,316) (9,900) (52,399)
At 31 March 2022 105,003 34,924 19,267 62,645 221,839
DEPRECIATION at 31
March 2021 72,118 30,461 44,983 35,676 182,238
Charge forthe period - 1,320 990 5,484 7,794
Disposals (2,804) - (32,316) (7,975) (43,095)
At 31 March 2022 69,314 31,781 13,657 33,185 147,937
NET BOOK VALUE
At 31 March 2022 35,689 3,143 5.610 29,460 73,902
At31March2021 40,140 _2.097 - 22,869 65,106

Restricted assets are a mechanical Horse with net book value of £32,762 included within Equipment and within Horses are three restricted horses (2021: three) for Riding for the Disabled with a net book value of £2,421 (2021 - £3,623).

“i25~

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

15. DEBTORS
31 March 31 March
Unrestricted Restricted 2022 2021
£ £
Other debtors 24,986 - 24,986 61,040
Prepayments 29,214 - 29,214 16,922
54,200 saanel 54,200 17,962
16. CREDITORS: amounts falling due within one year
Unrestricted Restricted 31 March 31 March
2022 2021
£ £
Trade creditors 32,725 - 32,725 19,326
Other creditors 1,574 - 1,574 916
Taxes & social 5,504 - 5,504 5,707
Deferred income - 36,973 36,973 20,264
Accruals 13,603 - 13,603 -
Bounce Back Loan 8,706 - 8,706 15,396
62.112 36,973 99,085 61,609

Movement in deferred income

During the current year, the income introduced & deferred totalled £62,702, with £45,993 being released into grant income. This caused a net increase in deferred income of £16,709. Deferred income of £36,975 at year-end comprises £1,166 for Young Carers, £1,125 for Jack Petchey and £34,684 for supporting families’ programme. Supporting families Income deferred as relates to periods and restrictions specified by grant awards. 17. CREDITORS > 1 YEAR

----- Start of picture text -----
Unrestricted Restricted 31 March 31 March
2022 2021
£ £
Bounce Back Loan _ 41,294 __ 41,294 _-
41,294 ae 41,294 ——
----- End of picture text -----

The charity received a bounce back loan in April 21. The loan is repayable over six years commencing May 2022. Interest rate is 2.5% with no interest payable for the first year.

  1. UNRESTRICTED FUNDS
UNRESTRICTED FUNDS
31 March 31 March
2022 2021
£ £
General fund brought forward 257,661 252,659
Income 458,074 566,370
Expenditure (526,902) (567,004)
Transfers from restricted fund 39,064 5,636
Generalfundcarriedforward 227,897 257,661

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

19. RESTRICTED FUNDS

RESTRICTED FUNDS
31 March 31 March
2022 2021
£ £
Restricted fund brought forward 40,792 7,018
Income 87,437 56,876
Expenditure (50,702) (17,466)
Transfer to unrestricted fund (39,064) (5,636)
38,463 40,792

Restricted reserves of £38,463 (2021: £40,792) carried forward, £2,200 (2021: £2,200) purchase of equipment, £32,762 (2021: £32,762) the net book value of the mechanical horse, £2,421 (2021: £3,623), the book value of RDA horses and £1,080 (2021 £2,207) for grants unspent in year. The transfer in the year of £39,064 (2021: £5,636) to unrestricted funds represented grants for supporting families to cover subscriptions.

20. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

2022 Investments Tangible Other net Total
fixed assets assets
£ £ 3 £
Unrestricted funds 2 38,719 189,176 227,897
Restricted funds - 35,183 3,280 38,463
2 13,902 192,456 226.360
2021 Investments Tangible Other net Total
fixed assets assets
£ £ £ £
Unrestricted funds 2 28,719 228,940 257,661
Restricted funds - 36,387 4.405 40,792
J 65,106 233,345 298,453
  1. RELATED PARTY TRANSACTIONS

The charity was controlled by the Trustees throughout the period.

22. CHARITY

The Charity had the following total commitments under non-cancellable operating leases.

31 March 31 March
2022 2021
£ £
Under one year 3,424 4,220
2-5 years - 3,424
3,424 7,644

mae

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

2022 2021
23. Net movement in funds forthe reporting period (as per the statement of
financial activities) (32,093) 38,776
Adjustments For:
Depreciation 7,794 9,507
(Profit/loss disposal (42,819) -
Interest (1,425) (2,104)
(Increase)/ decrease in debtors 23,760 (56,946)
Increase/ (decrease) in creditors 28,772 7,390
Netcashusedininoperatingactivities (16,011) (3,377)

24. ANALYSIS OF CHANGES IN CASH AND NET DEBT

01 April Cash flows Noncash 31 March
2021 flows 2022
E £ 3 £
Cash 216,992 61,643 - 278,635
216,992 61,643 - 278,635
Borrowings
Due within one year - (50,000) 41,294 (8,706)
Due afterone year - : (41,294) (41,294)
Total - (50,000) - (50,000)
216,992 11,643 wii 228,635

25. COMPANY LIMITED BY GUARANTEE

The charity is limited by guarantee. Each of the Members of the charity undertakes to 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.

208s

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Total| |Funds| |Un-|Year| |restricted|Restricted|Ended| |Funds|Funds|31| |£|£|March| |2021| |£| |Income|From:| |Donations|503,782|56,876|560,658| |Charitable|activities|_|z|3| |Other|trading|activities|168|-|168| |Investments|2,104|-|2,104| |Other|60,316|:|60,316| |Total|566,370|56.876|623,246| |Expenditure|on:| |Raising|funds|11,986|-|11,986| |Charitable|activities|555,018|17,466|572,484| |Total|567,004|17.466|584,470| |Net|(expenditure)/Income|(634)|39,410|38,776| |Transfer|between|funds|5,636|(5,636)|-| |Net|Movement|in|funds|5,002|33,774|38.776| |Reconciliation|of funds| |Funds|Brought forward|252,659|7,018|259.677| |Funds|Carried forward|257,661|40.792|298,453|

----- End of picture text -----

-~29-

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

The following pages do not form part of the statutory financial statements.

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

;

Year Ended Year Ended
31 March 2022 31 March 2021
£ £
INCOME
General Donations 5,957 6,777
Donations for retired Horses - 5,160
Donations for RDA 380 1,000
Grants for RDA/ Outreach/ Young Carers 44,393 500
Grants for supporting families 39,064 12,226
Grant for Mechanical Horse - 33,840
Department ofMedia, Digital, Culture & Sport - 51,313
Jack Petchey Foundation 3,600 4,150
Grants Repurposed forcore costs City Bridge 49,500 55,530
Trust and BBC Children in Need
Other unrestricted grants 5,042 6,010
Bank interest receivable 1,425 2,104
Subscriptions 350,795 371,675
RDA Subscriptions 7,466 12,477
Fundraising 5,718 143
Insurance 21,236 8,560
Coronavirus Job Retention Scheme 9,240 51,756
Uniform sales 793 -
Other trading 902 25
TOTALINCOME 545.511 623,246
EXPENDITURE
COST OF GENERATING FUNDS
Uniform and canteen 1,662 -
Fundraising Activities 12,825 7,063
14,487 1,063
CHARITABLE EXPENDITURE
Wages and salaries 224,420 248,911
Insurance 42,953 42,342
Purchases of hay and feed 46,230 45,616
Waste disposal 21,181 15,317
Veterinary expenses 85,292 40,719
Farrier expenses 15,330 13,215
Staff training & welfare 9,932 8,023
Motor expenses 12,630 5,480
Depreciation of fixed assets 6,474 8,230
(Profit) disposal ofassets (42,819) -
Repairs and Maintenance 14,012 8,707
Health and Safety 7,714 6,933
Other charitable costs 5,500 3,113
448.849 446.606

-1-

THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

Year Ended Year Ended
31 March 2022 31 March 2021
£ £
SUPPORT COSTS
Wages and Salaries
Lightand heat
Cleaning
Refuse		 67,818
3,942
3,351
1,298		 89,703
3,833
1,462
1,299
Stationery and postage
Water
Computer
Hire ofequipment
Bank charges
Generalexpenses		 2,629
711
3,511
4,731
3,994
1,139		 1,860
2,068
4,080
4,737
2,696
1,393
Depreciation
Telephone
Professional fees		 1,323
1,765
7,757		 1,277
1,696
4,786
StaffTraining, recruitment& welfare 2,120 2,521
Governance costs
Audit& Accounts preparation 8,179
114,268		 7,080
130,801
TOTALEXPENDITURE 577,604 584.470
NET(EXPENDITURE)/INCOME FORTHE (32,093) 38,776
PERIOD

2 Des