COMPANY REGISTRATION NUMBER: 04712789 (REGISTERED IN ENGLAND AND WALESI L.r lis /lsp THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 Charity Number= 1098257 11111 •ACIXCHFL• 2211212023 COMPANIES HOUSE A37
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THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 IIIARCH 2023 Page Report of Ihe Trustees Auditorfs Report 13 Statement of Financial Activilies 16 Balance Sheet 17 Statement of Cash Flows 18 Notes to the Financial Statements 19
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 TRUSTEES REPORT The Trustees. who are also Directors under company law. are pleased to present their annual report and Ihe audited financial statements for the year ended 31 March 2023 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 ststements, comply wrth the requirements of the Companies Act 2006, the Company's Memorandum and Articles of Association arKI have been wepared in accordance wrth Charities Statement of recommended Pradice applicab 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 Ithereafter HFIAI (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 serrfices of the following key professional advisors: . Bankers - HSBC Bank Plc, 54 Clarence Street. Kingston Upon Thames, Surrey KT1 1 NS Auditors - Brewers Chartered A¢¢ountants. Boume House. Queen Street, Gomshall, Surrey GU5 9LY STRUCTURE. GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT HRA is govemed by its Memorandum and Artides and is registered for charitable purpclses with the Charity Commission, Charrty Registration number 1098257. GOVERNING BODY HRA review annually the skills and competencies of the B0d of Trustees to maintain the right level of knowledge. experience, and skill. Opp¢Ytunities for training and support in their roles are provided as and when required. Trustee are rewited by advertising vacancies wrth 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. ConsKleration on eligibility is given to personal competence and specialist SlIs, and once elected they are delegated an area of responsibilty. The following trustees of HRA served during the year. - Trustees Area of Responsibility JemY S¢homberg Chair Hugh Player Vice Chair Liarn Keamey Company secretary. and Property Marcia Hodfley Remuneration. RDA Joanna Clay Govemance Caroline Osmer Finance. Remuneration- Reswned 21 September 2022 Gemma Ractliffe Strategy Ben Skuse Resigned 22 May 2022 Nikki Harrison Fundraising - Appointed 17 January 2023 Rhiannon Board Appointed 24 October 2023 Misty Gale L- Appointed 24 October 2023
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 During the year meetings are held on a regular basis with Trustees. the Director and other key irKlividuals attending when necessary (e.g., Safeguarding Lead, Fundraiser etc.) to determine the general policy of the charity and review rts results and overall management and control. The Board of Trustees as a whole take responsibility for all policies and wocedures relevant for HRA. The work of implementing the policies and managing the day to day Nnning of the organisation is Carried out by the Diredor, arKI details of the current staffing is provided as per organisation thart bel¢)w. Director Insiruclors 12 part limel Head Grooi Ifull limel Qfli¢e Adminisiralion 3e'ielopilleol aro Volunieers Man3ger Ivlenibers ano 'lolunieers Liaison M3n3ger Accounlant IpaN liinel 02puly Grooyn Grwms 12 full time. 1 part 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 ace and implemented to ensure a safe workn.ng environment. The Board has accountability for reviewing and approwng the adequacy and effediveness of intemal controls operated by the tharity. A risk register is maintained which identif$ areas in which the organis*ion 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 Househokd (our Landlords). arKI as a result of the regular review by them on the condition of the wemises. they have identif1 the need for some extensive renovations and refurbishments. HRA were advised by our landlords that we needed to vacate the Royal Mews by 30 September 2022, to which we complFed, this 1$ only envisa9ed as temporary, and we are liaising with the landlords as to their schedule of works.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 We have been granted use of land owned by the Royal HoUse11d at the Royal Paddocks, field shelters and buildings, this land is dose-by and in tum is wtihin Bushy Park. Building works and refurbishments to the Royal Mews have not started and are due to take a further 18-24 months. Office space has also been secured nearby at Constsbles Boatyard and we continue to enjoy our longstanding use of the Stockyard and riding in Bushy Park. The ¢harity retains Citation Ltd as specialist advisers on Human Resources. Employment Law and Health and Safety. As part of their contract Citation undertake a Healih and Safety Executive (HSE) audrt of the PrnIseS each year. The Charity is a member of the National Council of Volurrtary Organi$ations (NCVO}, the largest umbrella body for the voluntary and communty seLtor in EnglarKI. The NCVO highlights changes in govemment policies and legislation to its members. HRA is registered as a riding estsblishment with the London 8orough of Richmond upon Thames and as an approved riding centre with the British Horse Society {BHS). As such. rt 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 Assistsnt 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 qualty is maintained and any development needs are addressed as appropriate. All staff, adult volunteers arKI members over 18 years. okl who have dired access to children or adults at risk. complete an Enhanced Disdosure and Barrin9 Serrfice check. They are also required to adhere to the training requirements set out the Safeguarding.. Protecting Children and Adulis 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 invofves taking risks. Trese are minimised by careful training arKI supervision. There are established procedures in Pla for dealing with accidents, and an analysis of incidents is repted, with a view to identrfying 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 te restricted or unaNe to ride. OBJECTIVES AND ACTIVITIES In setting objectives and planning for activities the Trustees he complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefrt guidance published by the Charrty Commission. Objectfves HRA is a self-supporting. non-profit making. voluntary youth organisation which enables young people to develop life and leadership skills through leaming to ride and look after their horses and ponies. It also
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 supports an active Riding tr the Disabled section integratirKJ. wherever possible, those with special needs within mainstream Horse Ranger activittes. Our objectives are.. To help members to leam independence and conrn for othets by guidirvJ them with discipline lowards the qualities of integnty. 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 Supp 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 organisatson. To continue the growth and development of our Supporting Families Programme To continue our work VthIn the l¢xal community, with local schools, Children's Servi¢es, care homes and Young Carer networks. HRA is a member group of RDA and offer weekly riding sessions for children and adutts, as well as Outreach days for young carers and disadvantaged Children. Activities underiaken to a¢hieve objeclives Membership of HRA is available to all young people irresFective of background or alxlity Assistance with membership, induding provision of unifonns. is gNen to individuals who can demonstrate financial hardship. Members (known as Rangers) attend on a weekly basis and are taught atM)Ut all aspects of horsemanship, including riding and looking after horses. Rangets are grouped into Squadrons. which meet at set times each week throughout the year wtth sessions lasting betren 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 tPwnselve$ as Children. As they progress, Rangers leam the skills necessary to look after the horses aThJ ponies. They develop confidence and a sense of pride in themselves and their abiltties. Further they leam leadership and team working skills, as they take responsibilrty of supervising and teaching youThJer Rangers. A child of 8 who joins as a Ranger in the junior section, will gradually be given responsibilty for undertaking tasks and mentoring other young members before moving to senior seciion 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 ROA and is able to offer different programmes (Squadrons 6 and 7) for riders wilh special needs. Whilst the covid pandemic has had a very adverse effect on our RDA a¢tivtties. we have been running regular assessments for both participants and volunteers to get our RDA operations back on track. We have planned a number of extra activities offered to Rangers which include.. visit to the stables at Great Scotland Yard with 20 Rangers, family tickets to the Beating Retreat concert
THE HORSE RANGERS ASSOCIATION {HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 at Horse Guards Parade, a Trip to the Metropolitan poli Slables arKI training at Imber Court with 30 Rangers. a visrt to the Kings Troup with 20 Rangers. And we will be planning a special offer to all Rangers and their famil to I skating at Hampton Court, available for 300 members and family. All tn'ps are escorted by staff or volunteers. Squadron 6 operates Thursdays arKI Fridays during tem time and provides riding opportunit$ for local disabled children and adults at risk. Classes take place in the Indoor Riding School at the stockyard and in Bushy Park and last on average 45 minutes. We also provide ground-based opportunities for indNiduals looking to access horse facilitated leaming to help build confidence and self-esteem. Squadron 7 operates on a Wednesday evening and aims to give Y(ng people with disabilities a similar programme of activities as the mainstream Squadrons, whilst hamessing elements of the RDA programmes. Vle [rentlY have 6 participants who wver rTrding and aspects of horse management such as grooming and horse equipment. Many Rangers from the mainstream Squadrons ¥e volunteers helping to run the Squadron which is mutually beneficial. HRA is very reliant on volunteers to fulfil its objectives. Volunteers are mostly long-standing members of HRA. and whilst still énjoying coming in, they are encouraged to take on extra responsibilities to help the younger Rangers leam and take full benefft of the indusive wmmunity offered. These Rangers, Commandants and offirS run the programme of activities for Squadrons 1 to 5 and volunteer RDA coaches run the Kngramme of ac*Ntlies during the week for Squadrons 6 and 7. A summary of the composttion of each Squadron is provided bekm {as of 31 March 2023) - Mainstream Horse Rangèrs Membership Numbers Rangers Unattached Rangers Total Rangers SQN1 SQN2 SQN3 SQN5 TOTAL 55 67 59 29 210 20 230 71 29 Total Officers inc Cadet Officers Total Officers 16 14 16 14 Overall Tolal 276 275 Prior Year
THE HORSE RANGERS ASSOCIATION IHAhlPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 SQN6 SQN6 Number of places per week for local riders with Special Needs Maximum number of riders per class RDA Group Coaches RDA Assistant Coaches RDA Trainee Coaches Number of RDA Classes per week (during school tems) Average number of volunteers required for each session Number of volunteers registered for RDA sessions 18 12 33 SQN7 Rangers RDA Group Coaches RDA Assistant Coaches RDA Trainee Coaches Average number of volunteers required for each session Number of volunteers registered for RDA sessions SQN7 10 15 Breakdown of Rlders, S Communication Problems Sensory Disability Disability which affects ability to walkjweight bear independently Autistic Spectwm Disorder Leaming Disalj'lity Multiplelcomplex Disabilrty cial Needs: 21 10 We are gradually increasing our numbers for Rangers but rt has been from quite a low base after the covid hiatus. We have improved our RDA cwerations as our volunteer numbers have picked up after the pandemic. We are managing our temporary move from the Royal Mews. Horses are based, stabled and tumed out at the Stockyard and at the Royal Paddocks however the start of the HRA operations ahTays begins and ends at the Stockyard.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE .YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE Progression through the Horse Rangers is moniiored 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 Gombination of tethnical knowledge arKJ horsemanship at the required level. HRA has an online portal for Rangers Called PonyHub. Rangers are able to asS their training, badge records and lecture infomiation. It was laun¢hed in 2019 and proves very useful for Rangers to l¢)ok at their progress and to aCSS equine lectures uploaded by the Instructors and Commandants. Pony Hub is also a plao for medical records and emergency o)nt infomation to be stored securely. The priorities for Trustees for 2022123 were: . To maintain a safe environment for all ow members and staff. To cary out risk assessments to all the safe opening up of Ranger actNities, when possible, within government restrictions. To ensure the charity continues to operate efficiently. To recognise that, as a chaiity, we need to fundraise to cover our core costs and so broadening and growing our fundraising base. specifically developing long term relationships. To maintain tight Control on costs and lookiNJ for efficiency savings wherever possible. To maintain the high stsndard of welfare for the Prt)rses used by the Rangers. To continue to develop our outreach kwogramme. targetir¥ disadvantaged members in our local communty. and To grow our volunteer base so as to spread the invaluable work which they do for the charity more evenly and engaging more with the local communrty. Ranger numbers have improved in the year 2022-2023 followrng on from the lockdown periods, we are still bit low on Ranger numbers compared to pre-pandernic levels, our volunteer numbers are getting better and we hope to In¢ase Ranger numbers for the next financial year. HRA has had another ChaInging year. Success in obtsining Grants for wr work has remained difficult atthough it has improved on the previous year. Running costs have been kept on a tight rein and this has improved our posth'on slightly, bui the year remained a very drfficult one. To in¢rease our Rangers numbers we hav8 to ensure we have enough capable volunteers to manage the Ranger numbers on the day, whilst volunteer numbers are getting better we are always keen to welcome new volunteers for our weekend sessions. Our thanks go out to all our rrent volunteers for their dedication and hard worf( over the year. Over the past year. donations and grants have inueased frcn the prior year although not to the extent we should like, or have forecast. HRA are very grateful to some of our major Grant providers who have given us money for our programmes this year. The Trustees are extremely grateful for all funds reiVed and would like to especially thank the foll0vng for their generous donations.. -
THE HORSE RANGERS ASSOCIATION (HAhlPTON COURTI LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 City Bridge Trust Community Foundation of Surrey Edith Murphy Foundation Groundwork UK Jack Petthey JAM Trust National Lottery Rowan Bentall Trust Shanly Foundation Souter Charitable Trust The Edward Gostling Trust Womens Freemasms Your School Lottery In addition, the Trustees would like to thank everyone who has donated to HRA via regular monthly payments, online giving in support of some of our horse costs arKI vet bills. Unfortunately, during 2021-2023 we were not ale to raise funds at our usual events hekl over the course of the year but this is changing and improving for 202312024. However, some generous support and donations. in particular from all those contributed towards our vet bills for Breeze, Peter Woodberry Watts. JAM Trust and the very many individual donors that have enabled HRA to continue our programmes with Riding for the Disabled and the (Jevelopment and grovAh of our Supporting Families Programme durirKJ 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 provTrded to enable complian with regulations and also offer the atmlty to improve skills and increase knowledge. The table below summarises the courses atterKled during the year. which are in addition to training undertaken by the Rangers within their own squadrons. All Officers are Safeguarding trained and all other Rangers over the age 18 either have Safeguarding training or are scheduled on a training course in the next 12 months. All Officers are First trained and DBS thcked with a schedule of re-training planned in the year 2023- 2024. All staff are DBS, Safeguarding and First Aid trained. It should be noted Ihat RDA Coaches and Trainee coathes are qualrfied according to nationally recognised standards of the RDA. The suitability. heatth 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 teamwork erk8ure that the horses are able to contribute in a very positive way with all the activities at HRA.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED 8Y GUARANTEE YEAR ENDED 31 MARCH 2023 A summary of horse numbers arKI responsibilities is $0vtded below: . Responsibility Mainstream work only RDA and Mainstream In retirement - used for teaching In Training Off work Horses 10 23 FINANCIAL REVIEW HRA has rewted a loss of £132,447 (2022.. loss £32.093) for the year. PrincApal funding sources are donations from rangers and grants. Income of £528.337 (2022.. £545.511) was lower than the preVIS year as the net result of.. _ Donations of £399,201 (2022: £365,599) have increased due to a retum to more nornial levels of activity and in 2023. Other income of £25.608 <2022.. £30,475) decreased due to receipt of £9,239 in 2022 from the Coronavirus Job Retention Scheme offset by a £4.372 in¢ase in Veterinary insurance recovery. Grant income of £84,577 (2022: £140.599) decreased principally due to some long tenn funding awards coming to an end in 2022. programme. HRA employed an exiemal consuant to assist with the submission of grant applications. Other Trading Activities of £17,195 {2022: £7.413) increased mainty through an appeal which raised £11,500 for vet costs for Breeze. Investment income of £1.776 (2022: £1.425) Expenditure of £660,784 {2022: £577,604) which has inueased signfficantly is principally due to 2022 benefiting from an insurance daim of £42,819 compared to a loss of £3.650. an increase in staff costs of £17,193, an increase in training arKI health and safety of £6,877, rent for temporary premises of £7,509, number of one off relocation costs of £7,419, increased depre¢iation of £12,405. a £18.240 increase in fundraising costs offset by redudions in repairs and maintenance of £9,216. a fall in Horse costs of £13.443 and legal and professional fees of £5.326 and a saving of £6.409 on office, staff and motor costs. The net cash position has decreased from £278,635 to £98,672 due to £69.000 being invested in new assets following the move to new premises, repayment of £9.OCK) of the Bounce Back loan of £9.CM)O with the balance being used to fund operational activitEs. During the year Management at HRA continued to pursue an ambitious and challenging fundraising programme to bridge the gap beeen income and costs. In particular they were able to secure agreement io-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 for a year grant vthich will bring in £88,000 over the two year period. The costs of providing each element of HRA'S activrties are monitored against the funding received, hwhlighting where targeted efforts with resped to fund raising are required. Of particular note is the Supporting Families programme where opportunities are given to families who would otherwise struggle to asS the experience HRA offers. Grants are awarded on the basis of eligikn'lity and the cost of providing the service and each application is considered individually to ensure the right level of support is available. DLJring the year 31 Rangers benefitted from funds raised to support this programme. Whilst at a still reduced level of adivty. there has been growth in the RDA programme arKI it remains an area where HRA is 10(Vh committed to its development. Going forwards we have a training plan in place to qualify some of our volunteers as accredited RDA coaches and this in turn will allow us to substantially increase our numbers and benefits for RDA riders. Going Concern On 31 March 2023 HRA had unrestricted free reserves of £12,749 (2022.. £189,174), The aftemiath of the pandemic and getting HRA back up to speed, combined wrth the re-focusing of funding from some of our core grant givers away from HRA and other established tharities had a finanaal impact over the 2022-2023 financial year. The budget produced by the trustees to 31 De¢ember 2024 forecasts that free reserves will be £75.000 by that date, the trustees together with staff and volunteefs are spending time looking at ways to improve the Charity's financial position to guarantee its future. The trustees however remain optimistic that the level of grant income budgeted remains achievable. as rt is a conservative estimate of the grant applications submitted. and engagement of a fuS1-time fundraiser should result in an improvement to the charity's financial position. For these reasons. the trustees believe it appropriate to continue to prepare the accounts for the ye¥ to 31 Mach 2023 on a going concem basis. Reserves Pollcy 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 expendrture. The reserves have decreased from £189.174 in 2022 to £12,749 in 2023. The trustees are optimistic that the posth'on should improve by March 2024 as stated under Going Concem above. The reserves policy is kept urKler 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 addrtional difficulties in tying to fundraise (to meet any funding gaps) In such circumstanS. 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. r policy is to put funds not required for day-to-day cash management in hoher yielding deposit accounts. HRA have continued to maintain accounts at fve dÈfferent banks and building societies, with a view to reducing the organisation's exposure to individual financial insts"tutions 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 11 be required in the future. The Trustees continue to VIeW the baDn9 arrangements in order to artain whether better rates of interest can be earned by Gonsidering aernatIve appropriate investrnent options and also whether HRA can redu bank charges in the future.
THE HORSE RANGERS ASSOCIATION (HAMPTON COURTI LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 FUTURE PLANS HRA will continue to offer opportunities to children and young people wiihin the IoGal community aThJ is a unique organisation. HRA is not a rtding school. and Rangers not only achieve the next best thing to owning their own horse but also fonn many dose and enduring friendships. wrth the organisation supporting indivtduals to become well-rounded members of sooety. Specific future plans will: . Progress discussions arKI negotiations regarding a long-term solution for premises from which HRA can operate" Review HRA'S fundirvJ model to ensure a more stsble revenue base, which matches the cost of delivery of the organisats'on's adr4ities' Promote HRA and the beneffts of being a Ranger more widely in the local communty. In particular, facilitate disujssions behveen HRA. BHS and RDA to ensure greater alignment of teaching and qualifications. STATEMENT OF TRUSTEES, RESPONSIBIUTES 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 Twstees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the chantable company induding the income or expenditure. In preparing the accounts the Trustees are required to: Select sultae a¢¢ounting policies and then apply them consistently" ObseNe the methods and principles in the Charities SORP: Make judgements and estimates that a reasonable and prudent". State whether applicable accounting stsndards have been followed, Su"8Ct to any material departures disclosed and explained in the accounts,. and Prepare the accounts on the going concern basis unless it is inappropriate to assume that the company will continue in business. The TNStees are responsible for keeping proper accounting records which disclose. with reasonable a¢¢ura¢y, the finanal 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 2(K)6. They are also responsible for safeguarding the charitable company's assets and hen for taking reasonable steps for the prevention and delection of error, fraud or other irregularrties. The Trustees confinn, as far as they are aware, that there is no relevant audit infomiation 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 InfOatIOn and to establish that HRA'S audtlors are aware of that infomation. This report has been prepared in a¢cordan¢e th the Special Provisions 15 of the Companies Act 2006. mall Companies under Part eremy Schomberg Trustee Approved by the Trustees on 19 December 2023 12-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 iaARCH 2023 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HORSE RANGERS ASSOCIATION IHAMPTON COURTI LIMITED Opinlon We have audited the financial statements of The Horse Rangers Association (Hampton Court) Limited (the 'charilable company,) forthe year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cashflows and notes to the financial statements. induding a summary of significant accounting policies. The finanrial portIng 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 appIable in the UK and Republic of Ireland (United Kingdom Generalty Accepted Accounting Practice). In our opinion. the finanoal statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resoUrS and application of sOurCes. including its income and expenditure, for the year then erKled; have been woperly prepared in accordan v4rth United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with IntematN)nal Standards on ALbJiting (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 wth the ethical requirements that are relevant to our audit of the financial statements in the UK. induding the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilitses in accordance wrth these requirements. We believe that the audit evKlen¢e we have obtained is sufficAent aTrJ appropriate to provide a basis for our opinion. Material uncertainty relating to Golng Concern We draw your attention to Note 26 in the financial statements, which indicates that the charitable company incurred an unrestricted loss of £131.746 in the year ended 31 March 2023 and as of that date free reserves were £12,749. The level of free reserves along wtih other matters in Note 26 indicates that a material uncertainty exists that may cast signtficant doubt on the charitable company's ability to contsnue as a going COnrn. Our opinion is not modifred in resped of this matter. Our responsibilities and the responsibilities of the trustees with respect to goiThJ con¢em are described in the relevant sections of this report. Other infomiatlon The other infomiation comprises the information induded in the annual report other than the financial statements and our auditorfs 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 infomiation and, except to the extent Otherlse explicitly sL2ted in our report, we do not express any fom of assuran conclusion thereon. Our responsibility is to read the other infomiation and. in doing so, consider whether the other information is materially inconsistent with the financial ststements or 0 knowledge obtained in the course of the audit or otherwse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemine whether this gives rise to a Material misstatement in the finanal statements themselves. If. based on the work we have performed. we conciude that there is a material misstatement of this other infonnation. we are required to report that fact. We have nothing to report in this regard. 13
THE HORSE RANGERS ASSOCIATION (HAMPTON COURTI LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 Opinions on other matters prescribed by the Companies AGt 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees. report. whth 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., arKI the and the diredors. report induded within trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we arn required to report by excoption In th8 light of the knO%edge 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 mattets in relation to vthith the Companies Act 2006 requires us to report to you rf. in our otmnion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., ( the financial statements are not in agreement with the accounting records and turnS. or certain disclosures of trustees. remuneration specified by law are not made,. or we have not received all the infomats'on and explanations we require for our auditl,. or the trustees, were not entitled to prepare the financial statements in accordan with the small companies regime and take advantage ofthe small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the tN$tee$' responsily'lities statement sel out on page 11 the trustees (who are also the directors of the charitable company for the purpThes of company law) are responsible for the preparation of the financial staternents and for being Satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mi$slatement. whether due to fraud or error. In preparing the financial sL*ements. the Intstees are responsible for assessing the charitable company's atHlity to continue as a going conrn. disclosing. as applicaNe. matters related to going concem and using the going concern basis of accounting unless the trustees erther intend to liquidate the charitable company or to cease operations. or have no realisti¢ altemative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a hh level of assurance. but is not a guarantee that an audit conducted in accordance wth ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered matenal rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken the basi5 of these financial statements. Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) Comprised ofr. inquiries of management and the Trustees as to wh8ther the entity complies with such laws and regulations: enquiries wrth the same concerning any actual or potential litigation or daims,. inspection of relevant legal ¢orresponden¢e' VIeW of Trustee meeting minutes,. testing the appropriateness of joumal entries: and the perfonnance of analyti¢al revbew to Klentify unexpected movements in account balances which may be indicative of fraud. 14-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2023 No instances of material non-complian were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in dete¢ting irregularities, the effectiveness of the entity'$ controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud mwhl be inhentlY more difficult to detect than irregularities that resu from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though th8 audit has been planned and perfonned in accordance with ISAS (UK). A further deriptIOn of our pons1.11ties is lo¢ated on the Financial Reporting Council's YbsIte at: . This des¢ripts'on forms part of our auditor's report. Use of our report This report is made selY 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 haritable company's mernbers those matters V are required to state to them in an auditor's report and for no other purpo . To the fullest exlent pemiitted by law. we do not accept or assume responsibilty lo anyone other than the aritable company and the chariiable company's members as a body, for our audrt work, for this report, or f the opinions we have fonned. Andrew Skilt lor Statutory Audtior) For and on behalf of Brewers Chartered Accountants, SL*utory Auditor Boume House Queen Street Gomshall Surrey GU5 9LY 19 December 2023 15
THE HORSE RANGERS ASSOCIATION (HAMPTON COURD LIMITED COMPANY LIMITED 8Y GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOWiE AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023 Total Funds Year Ended Unrestricted Restricted 31 March Funds Funds 2023 Total Funds Year Endod 31 March 2022 Income From: Donations and grants Other trading activities Investrnents Other Total 416.751 17,195 1.776 67,007 483,758 17.195 1,776 25 608 5(X.198 7,413 1,425 Expenditure on: Raising funds CharItae activities Total 38,620 604 899 38.620 622 164 17,392 Net {expenditure)Ilncom• Transfer beeen funds Net Movement in funds (182,189) 49,742 (132,447) (32,093) 18,19 Reconciliation of funds Funds Brought fomard Funds Carried forward 227 897 38 463 266 360 298 453 18,19 16-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET YEAR ENDED 31 MARCH 2023 31 March 2023 31 March 2022 Unrestricted Restricted FIXED ASSETS Investments Tangible assets 13 14 34.481 117,881 73,902 CURRENT ASSETS Debtors Cash at bank and in hand 15 19,143 19.143 114709 133852 54,2¢)0 278 635 332 835 103 702 CREDITORS: Amounts falling due within one year 58 365 NET CURRENT ASSErs TOTAL ASSETS LESS CURRENT LIABILITIES 128.739 37,762 166,501 307,654 CREDITORS: Amounts falling due after one year 17 NET ASSETS FUNDS Unrestricted Restricted 18 19 96,151 96.151 227,897 TOTAL FUNDS These Financial Statements have been prepared in 0)rdance with the special provis for small companies under Part 15 of the Companies Act 2006 and in accordance with the provIsnS of FRS 102 Section 1A- sffoll entities. The Trustees acknowledge their reSpsIbilIt for. - ensuring that the charity keeps proper aCCnting recorts which compty wth Sections 386 and 387 of the Companies Act 2006. and {ii) preparing Financial Statements which give a true and fair view of the slate of affairs of the charitable company as at the end of the financial peric#J and of rts surplus or deit for the financial period in accordance with the requirements of Sections 394 and 395. and which otheIse comply with the requirements of the CoMpanS Act relatsThJ lo Financial Statements. so far a5 applicable io the charitsble eompany. These Financial Statements were approved by the members of the Board on 19 December 2023 and a signed on their behalf by: MHO ley Company number.. Charrty number.. 712789 1098257 Chair 17-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2023 2023 2022 Cash flows from operating a¢tivi1Ses: Note 23 {89.168) {16,011) Cashflows fr(Mn investing activities: Interest Purchase of Tangible Fixed assets Proceeds from sale of assets Net cash provided byl(usedl in investing activities 1.776 (68,578) 750 66,052 1.425 {25,894) 52.123 27,654 Cash flows from financing aclivilles: Bounce back loan Repayments of Bounce back Loan Net ¢a$h provlded by financing activities 50,000 50.000 Change in cash and &ish equivalents (163,926) 61,643 Cash and cash equivalents at the beginning of the reportlng perlod 278.635 216,992 Cash and cash equivalents at the end of the reportlng period 114.709 278.635 18-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 AccouMfiNG POUCIES (a) Basis of accounting The charity is a public benefit entty and these Finanaal Statements have been prepared under the historical cost convention in accordance wrth Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) arKI in accordance and the Companies Act 2006. The presenL*ional and functional currency is £ and the accounts are rounded to £1. {b} Going concern The accounts have been prepared on a going concem basis as the trustees beIve that the level of free reserves will increase from £12,749 at 31 March 2023 based on the forecast and budget and there are sufficient resources to continue for the foreseeable future. which is defined as one year from the date of signing these accounts. Further infomation is given in Note 26. (c) Subscriptlons Subscriptions which are voluntary are recognised when the charrty is entitled to reipl. (d) Donatlons and Grants Donations and grants relate to contributions made by individuals and organisations and are recognised when there is a probabilrty of receipt. and the amount can be measured with reasonable certainty. Grants perfonnance condrtions are onty recognised once conditions have been met. (e) Glft Ald Gfft aid is recognised at the same ts'me as the related donation. (fj Trading Income Trading income relates to commission made on unrfomis sold by PSL Team Sports. sales of badges and money raised from additional lessons and hacks offered to members and volunteets. Trading income is recognised when receivable. {g} Fundraising Income Income from events is recognised in the period in which the everrt takes pla. (h) Other Income Other income is Veterinary Insurance recovery. and the Coronavirus Job Retention Scheme. and is recognised in the period to which the daim relates. {1) Interest Interest is recognised on an accrual's basis. ti) Intanglble Income The chanty operates from Crown Property. No intangible income has been recorded in the accounts due to the impossibility of valuing a royal property. 19-
THE HORSE RANGERS ASSOCIATION IHAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 (k) Direct and Overhead Expenditure Expenditure is recognised on an aal.$ basis. Certain expenditwe is directly attributable to specific activities and has been induded in those cost categories. The irrecoverable element of VAT is indud&d with the item of expense to when it relates. Charitable ActivItS includes staff ¢o$ts. insurance, horse costs. plus a proportion of support Costs. Raising funds includes the costs associated with fundraising and a proportion of central support costs. Govemance costs include legal advice and audit. Support costs have been allocated according to percentage of time spent by employees on Gharitable activities. cost of generats'ng funds and govemance. Redundancy payments are made in line with statutory requirements. (l) Pension The Charity operates a defined contribution scheme, operated by Royal London. Costs are included in staff pension costs. Costs recognised are equivalent lo the contribution in the year and are recognised on an accnjal's basis. (m) Inveslment Policy Investments in subsidiaries are recorded at cost. (n) Fixed Assets Fixed Assets are stated at cost less depreciation and impairment charges. Fixed assets below £1 are not capitalised. (o) DeprecSation Depreciation is calculated so as to write off the ¢o$t of an asset. less its estimated residual value, over the useful economic life of that asset as foll¢)ws.' Horses and Equipment- 10% 125% straight line CompLrter Equipment _ 33QA Strah1 line Motor Vehicles- 25% straight line The carrying value of fixed assets are reviewed annually to consKler impaimient. (p) Debtors Debtors are measured at settlement amount. net of any discount. (q) Cash and ¢a$h equivalents Cash and cash equivalents indude cash at bank and short tem7 highty liquid investments with a matunty of 100 days. (r) Creditors Creditors and wovisions are recognised where the Charity has a present obligation resulting from a past event that wll probably $Utt in the transfer of funds to a third party and the amount to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount after allowirvJ for any discounts. (s) Funds Unrestricted funds are donations and other income receivable not subject to any restrictions. Restricted funds are grants arKI donations to be used for specffic purpjses as laid down by the donor and are deferred where conditions of the grant require it. -20-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 (t) Operallng leases Rentals applicable to operating leases where substantially all the beneffts and risks of ownership remain with the lessor are charged against the proffts on a straight-line bass over the period of the lease. (u) Financial instrwments The Charty only has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Basic financial instwments are initially recognised at transaction value and subsequently measured at their settlement value. {v) Estimates and judgements In preparing the accounts it is necessary to make ortain judgement, estimates and assumpts'i)n$ that affect Ihe amounts recognised in the ffinanaal sL2tements. The charity estimates the useful lives of fixed assets based on the period over which the as$et$ are expected to be available for use. The estimated lives are reviewed periodically and are updated rf expectations drffer from previous estimates due to physical wear and tear. There is no change in estimated useful lives on 31 March 2023. DONATIONS Unrestrided Income from donations in 2022 was £398,251 (2022: £364,219) and restricied income of £950 {2022.' £1.380). Income from donations was net of the subsidies given under the supporting families programme. A total of 31 rangers beneffted from this programme. 3. GRANT INCOME Restricted 31 March 31 March Funds 2023 2022 Restricted Funds Grants Under the temis of the grant agreement, the following grants and donations receNed in the year ended 31 March 2023 are disclosed individually. In 2023 a grant from Crty Bridge Trust with their agreernent was repurposed for Core costs. This is referenced below. Funder Purpose City Bridge Twst RDA-repurposed to core costs City Bridge Trust Grow RDA The Edward Gostling FourKlation Core costs The Jam Trust ContrFbution to stomi damage Community Foundation for SUeY Supporting Families The National Lottery Supporting Families Jack Petchey Awards Souter Charitable Trust Supporting Families The Shanly Foundation Supporting Families Groundwork UK Supporting Families The Edith Murphy Foundation Supporting Families Value £13,500 £24,500 £5,000 £5,000 £6.816 £8.847 £3,175 £3.000 £2,500 £1,125 £1,000 Some of these have been deferred to the following year in accordan with the donorfs specifications. 21
THE HORSE RANGERS ASSOCIATION (HAMPTON COURD LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 OTHER TRADING ACTMTIES Unrestricted 31 March 31 March 2023 2022 Income from sale of goods Income from rendering of Sel¢e$ Fundraising income 316 504 793 902 INTEREST RECEIVABLE Un- Restricted Funds Restricted 31 Pltarch Funds 2023 31 March 2022 Bank interest receivable OTHER INCOME Unrestricted 31 March 2023 31 March 2022 Coronavirus Job Retention Scheme Veterinary Insuran recovery 9,239 25 608 31 March 31 March 2023 2022 Veterinary Insurance recovery Less Veterinary Costs Net Veterinary Costs 25,608 21,238 RAISING FUNDS Restricted 31 March 31 March Funds 2023 2022 Restricted Funds Trading costs Salaries Fundraising costs Support costs allocation 1.074 2.940 31.065 1,074 2,940 31,065 1,662 12,825 Totsl -22-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 CHARrrA8LE ACTIVITIES Un- restricted Funds Restricted Funds 31 March 2023 31 March 2022 Salaries Insurance Horse costs Staff costs Depreciation Lossl(Profit> on disposal of assets Molor costs Charitable expenses Repairs and maintenance Licences Training, Health and safety Support cost allocati 227.910 41.938 146,920 3,987 1.281 7,683 231.897 43.219 154.603 224,420 42,950 168,036 9,932 6,474 {42,819) 12,630 5,500 14.012 3,812 3.902 111363 17.908 3.650 10.866 2.681 4.796 3.210 10.779 126 297 700 18.608 3,650 10,866 6.295 4.796 3.210 10.779 126297 3,614 SUPPORT COSTS (memorandum) Restricted Funds 31 Mar¢h 2023 31 March 2022 restricted Funds Salaries Office costs Depreciation Bank charges Bank and BBL Loan interest Staff welfare & reuuitment Relocats'on costs Rent Governan costs 74.594 21.501 1.591 4.125 1.467 2.100 7.509 7,419 74.594 21.501 1.591 4.125 1.467 2.100 7.509 7.419 67.818 24.158 1.320 3.994 2,120 Allocated against costs of generating funds and charilable costs on the basis of time spent. In 2022 Support costs were all unrestricted. 10. GOVERNANCE COSTS Re$tri¢ted Funds 31 March 2023 31 March 2022 restricted Funds Other Auditors, remuneration Auditors fee for accountsncy 1.793 5.770 1,793 5,770 6.679 5.770 -23-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 11. TOTAL RESOURCES EXPENDED Stsff Depre¢iation Costs 31 March 2023 31 March 2022 Costs Direct charitable expenditure Cosls of Generating funds Support costs 231.897 18.608 245.362 495,867 448,849 2.940 32.139 35.079 129 838 14,487 114268 The aggregate payroll costs vre. 31 March 2023 31 March 2022 Salaries Social securiiy costs Pension 280,233 21.274 267,411 17,5( No employee eamed more than £60.000. The charity has taken out indemnty insurance for Ihe Trustees. No Trustee reIved remuneration for their services in the year. No expenses were reimbursed to the Trustees during the year (2022.. £nil) Partlculars of employees: The average number of staff employed by the charity during the financial peri(¥J amounted to.. 31 March 2023 31 March 2022 Support staff Charitable staff 10 10 The Trustees consider the key management personnel to comprise the Director, the Stable Manager. The total compensation paid to key management personnel in the year was £94.61712022'. £90,600). 24-
THE HORSE RANGERS ASSOCIATION (HAPaPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 11 NET INCOMING RESOURCES Net incoming resources is stated after charging 31 March 2023 31 March 2022 Depreciation Lossl(Profit} on disposal of asset Auditors Remuneration PparatiOn of accounts Operating lease rentals 20.199 3,650 5,770 1,969 3,424 7.794 (42,819) 5,770 2,409 4,220 13. INVESTMENTS The Company has two 100% owned subsidiaries. each ¢ffiiprising 8 £1 invesbnent in the ordinary share Gapital. Horse Rangers No.1 Limited will act as a trading sub5hdiary Horse Rangers Asswaknon Limited has been incorporated to protect and promote the identty. interests. intelieciual property. and mode of Operatic of The Horse Rangers Assoaation (Hampton Court) Ltd. Neither company traded during the year. Reserves on 31 March 2023 were £1 each. 14. TANGIBLE FIXED ASSETS Fittings & Equip- ment Motor Vehicles Computsrs Horses Total COST on 31 March 2022 Additions Disposals At 31 March 2023 105,003 41,683 34.924 1.895 19,267 62.645 18.tXK1 7.IJ)O 221,839 68,578 DEPRECIATION at 31 March 2022 Charge for the peri(Jd Disposals At 31 March 2023 69.314 8.618 31,781 1,591 13,657 33,185 4.810 5,180 147,937 20,199 NET BOOKVALUE At 31 March 2023 At 31 March 2022 Restricted assets a a mechanical Horse wth net book value of £32.760 included wrthin. Equipment and within Horses are three restricted horses (2022.. three) I( RKling for the Disabled with a net book value of £1,721 (2022 - £2,421). -25-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED 8Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 15. DEBTORS 31 March 2023 31 March 2022 Unrestricted Restricted Other debtors Prepayments 3.346 24.986 16. CREDITORS: amounts falllng due within one year Unrestricted Restricted 31 Mah 2023 31 March 2022 Trade (xeditors Other Creditors Taxes & social Deferred income Accruals Overdraft Bounce 8a¢k Loan 13.256 1.054 5.812 13,256 1.054 5.812 26.869 13.500 16.037 32,725 1,574 5,504 36,973 13,603 26.869 13.500 16.037 Movement in deferred in¢ome During the year grant income of £38,463 was receNed and £48,567 was released into grant income. This resulted in a net decrease in defeffed income of £10,104. Deferred income of £26,869 at year*nd comprises £1.111 for Jath Petchey and £13,758 for the Supporting families, programme and £12.000 awarded by Cty Bridge Trust for growth in the RDA for 202312024. Supporting families Income deferred as relates to periods and 17. CREDITORS > 1 YEAR Unrnstricted Restricted 31 March 2023 31 March 2022 Bounce Back Loan The tharity received a bounce back loan in April 21. The loan is repayable over six years commencing May 2022. Imerest rate is 2.5% with no interest payabke for the first year. Debts owed to HS8C are secured by a fixed and floating charge over all assets. -26-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 18. UNRESTRICTED FUNDS 31 March 2023 31 March 2022 General fund brought forward Income Expenditure Transfers from restricted fund General fund carried forward 227,897 461.330 (643.519) 257,661 458,074 {526,902) 19. RESTRICTED FUNDS 31 March 2023 31 March 2022 Restricted fund brought forward Income Expenditure Transfer to unrestricted fund 38.463 67.007 (17.265) 40,792 87.437 {50,702) Restricted reserves of £37,762 (2022: £38,463) carried forward, £2.200 (2022.. £2.200) purchase of equipment. £32,760 (2022.. £32,762) the net book value of the mechanical horse. £1.721 {2022'. £2,422), the book value of RDA horses and £1,081 (2022 £1,081) for grants unspent in year. The transfer in the year to unrestricted funds comprises grants of £45.44312022.' £39,064) for supporting families to Cover $ubs¢ripts'ons and £5.000 for a grant awarded for storm repairs. 20. ANALYSIS OF NET ASSETS I1•0n rnstricled and unrestricted funds) 2023 Investment Tangible fixed assets Other net assets Total Unrestrided funds Restricted fun(ts 83.400 12.749 96,151 2022 Investments Tangible fixed assets Other net assets Total Unrestricted funds Restricted funds 38,719 189,176 227,897 21. RELATED PARTY TRANSACTIONS The drity was controlled by the Trustees throughout the period. -27-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 22. CHARITY The Charity had the following total commiiments under non-¢ancellable operating leases. 31 March 2023 31 March 2022 Under one year 2-5 years 9,625 3,424 2023 2022 23. Net movement in funds for the reporting period (as per the statement of financial activities) Adjuslfflents For: Depreciation Lossl(profrt)disposal Interest Decrease in debtors Decreasel(increase) in credrtors Net ¢ash used in in operating activities {132,447) (32.0931 20.199 3.650 {1.776) 35.057 13.851 7,794 (42,819) 11,425) 23,760 28,772 16,011 24. ANALYSIS OF CHANGES IN CASH AND NET DEBT 1 April 2022 Cash flows Noncash flows 31 March 2023 Cash 278 635 278,635 163926 (163.926) 114.709 Borrowings Due within one year Due after one year Total (8.706> {7,331) (8,706) {24,743) (50.000> (7,331} (57.331) 25. cof•lPANY LIMITED BY GUARANTEE The charty is limited by guarantee. Each of the Members of the charity undertakes to Contribute such amount as may be required (not exceeding £10) to the charity's assets in the event of it being wound up while he or she is a member or within one year after he or she aSe$ to be a member. -28-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 GOING CONCERN The charity's activities together with the factors likely to affect its future development and financial posrtion are set out in the Trustees, Report. Net unrestricted expenditure in 2023 of £131,746 has resulted in a redudion in free reserves to £12.749 at 31 March 2023 from £189,176 at 31 March 2022. The free reserves for 2022-2023 period are attributable to the recovery from the Covid pandemic. The budget Fxodu¢ed by the trustees to 31 December 2024 forecasts that free reserves wrill be £75.000 by that date. the trustees together with staff and volunteers are spending time looking at ways to improve the Charity's financial position to guarantee ts future. The trustees however remain optimistic that the level of grant income budgeted remains achievable, as it is onservative estimate of the grant applications submitted, and the engagement of a full-time furKlraiser shoukl resutt in an improvement to the charity's financial position. For these reasons, the trustees believe it appropriate to continue to prepare the accounts for the year to 31 March 2023 on a going concem basis. 27. Comparative Statement of Financial Aclivitii Year ended 31 March 2022 Total Funds Year restricted Restricted Ended Funds Funds 31 March 2022 Income From: Donations Charitable activities Other trading activities Investm8nts Other Total 418,761 87.437 508.198 7.413 1,425 7,413 1,425 30 475 Expenditure on: Raising funds Charitable activities Total 17.392 509510 17,392 50 702 560 212 Net lexpenditureylncome Transfer between funds Net Movement in funds (68.828) 39 064 36,735 (32.093) Reconciliation of fund$ Funds Brought fonvard 40 792 298 453 Funds Cattied forward -29-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE" NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 The following pages do not forni part of the statutory financial statements. -30-
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Year Ended 31 March 2023 Year Ended 31 March 2022 INCOME General Donations Donated Horse Box Grants repurposed for core costs Donations for RDA Grants for RDAI Outreachl Young Carers Grants for Supporting families Grant for Strom repairs Jack Petchey Foundation Other unrestricted grants Bank interest receivable Subscriptions RDA Subscriptions Fundraising Insurance Coronavirus Job Retention Scheme Uniform sales Other trading TOTAL INCOME 7.304 18.000 13.500 950 12.000 45.443 5,000 3.614 5.000 1.776 367.216 5.731 16,375 25.608 5.957 49,500 380 44,393 39,064 3,600 5.042 1.425 350,795 7.466 5,718 21,236 9.240 793 902 316 EXPENOITURE COST OF GENERATING FUNDS Uniform and Canteen Salaries Fundraising Activities 1,752 1,662 CHARITABLE EXPENDITURE Salari&s Insurance Purchases of hay and feed Waste disposal Veterinary expenses Farrier expenses Staff training & welfare Motor expenses Depreciation of fixed assets Lossl{Profit} disposal of assets Repairs and Maintenance Health and safetylllcens Other charitable costs 231.897 43,219 47,856 24,037 55,414 27,296 224,420 42,953 46,230 21,181 85,292 15,330 9.932 12,630 6,474 (42,819) 14,012 7,714 10,866 18.608 3.650 4,796 13,989
THE HORSE RANGERS ASSOCIATION (HAMPTON COURT) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Year Ended 31 March 2023 Year Ended 31 March 2022 SUPPORT COSTS Salaries Light and heat Cleaning Refuse Stslionery and postage Water 74.594 1.822 2.180 909 4.034 (1.190) 67,818 3,942 3,351 1.298 2,629 711 k i i Computer Hire of equipment Bank charges General expenses Depreciation Telephone Professional fees Staff welfare Rent Relocation Bank and BBL Interest 5.063 4,275 4,125 922 1,591 3.511 4,731 3,994 1.139 1,323 1,765 7,757 2,120 2,893 2,100 7.419 7.509 1.467 Govemancè costs Audit & Accounts preparation TOTAL EXPENDITURE NET IEXPENDITURE) FOR THE PERIOD