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← The Horse Rangers Association (Hampton Court)limited

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 04712789 (England and Wales) REGISTERED CHARITY NUMBER: 1098257

Report of the Trustees and Financial Statements for the Year Ended 31 March 2025

for

The Horse Rangers Association (Hampton Court) Limited (A Company Limited by Guarantee)

Brewers Chartered Accountants Unit 3 Birtley Courtyard Bramley Surrey GU5 0LA

The Horse Rangers Association (Hampton Court) Limited

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 11
Statement of Trustees' Responsibilities 12
Report of the Independent Auditors 13 to 15
Statement of Financial Activities 16
Balance Sheet 17
Cash Flow Statement 18
Notes to the Cash Flow Statement 19
Notes to the Financial Statements 20 to 28
Detailed Statement of Financial Activities 29 to 30

The Horse Rangers Association (Hampton Court) Limited

Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES R Board N J Harrison M J Hockley L G Kearney H H Player G C Ractliffe J C Schomberg COMPANY SECRETARY L G Kearney REGISTERED OFFICE Constable's Boatyard Thames Street Hampton Surrey TW12 2EW REGISTERED COMPANY NUMBER 04712789 (England and Wales) REGISTERED CHARITY NUMBER 1098257 AUDITORS Brewers Chartered Accountants Unit 3 Birtley Courtyard Bramley Surrey GU5 0LA BANKERS HSBC Bank PLC 54 Clarence Street Kingston Upon Thames Surrey KT1 1NS

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

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, Stable Manager 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 takes 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.

As at the date of this report the Director of Horse Rangers Association (known as Horse Rangers) is Laura Griffith and Lauren Correia, the Development Manager is 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, GDPR compliance and Safeguarding.

Horse Rangers has been based at the Royal Mews since 1963. In 2022, following a condition review by the landlords, the Royal Household, we were informed that extensive renovation and refurbishment works were required. As a result, Horse Rangers vacated the Royal Mews by 30 September 2022. This relocation is intended to be temporary, and we remain in ongoing liaison with the Royal Household regarding the timeline for works. Progress has been impacted by the passing of Her Late Majesty Queen Elizabeth II, which necessitated a period of national mourning and operational reprioritisation within the Royal Household. To date, building works have not commenced, with a revised estimated start date of September 2025 and a projected duration of 18-24 months. In the interim, Horse Rangers has been granted use of land and field shelters at the Royal Paddocks, located nearby within Bushy Park, and has secured office accommodation at Constables Boatyard. The charity also continues to operate from the Stockyard and maintains riding access within the park, enabling the continued delivery of its core programmes.

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

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 is 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 Highly Commended in all areas and Fully Compliant within Safeguarding.

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 in 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

Objectives and aims

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.

Horse Rangers is a self-supporting, non-profit making, voluntary youth organisation which enables young people to develop life and leadership skills through learning to care for, and ride, the horses. It also supports an active Riding for the Disabled section integrating, wherever possible, those with special needs within mainstream Horse Ranger activities.

Objectives for 24-25:

To help members to learn independence and concern for others by guiding them with discipline towards the qualities of integrity, loyalty, honour, and trust that will prepare them to become worthy citizens.

To enable members to develop the skills of good horsemanship through the provision of riding instruction, stable management training and other aspects connected with horses and general recreation.

To encourage senior members to support both younger members and those with special needs as part of their personal development and in order to achieve promotion through the ranks of the organisation.

To continue the growth and development of our Supporting Families Programme.

To continue our work within the local community, with local schools, Children's Services, care homes and Young Carer networks. HRA is a member group of RDA and offer weekly riding sessions for children and adults, as well as Outreach days for young carers and disadvantaged children.

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES Significant activities Horse Ranger Weekend Programme (Mainstream)

Horse Rangers is an equine assisted learning programme available to all young people irrespective of background or ability. Financial assistance is available for those experiencing hardship through the Supporting Families Fund. This includes the provision of uniforms and support with membership costs.

Members (known as Rangers) attend weekly and engage in equine facilitated activities, developing skills in riding, horse care, and stable management. 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 weekly, one week focusing on riding and badge work, and the next on stable management, paddock duties, and additional badge work. Squadrons are led entirely by adult volunteers, many of whom were once Rangers themselves. The structured routine and connection with horses provides a safe space where children and young people can develop both practical skills and improve emotional wellbeing.

As they progress, Rangers gain the knowledge and practical skills to care for the horses, building confidence, resilience and self-esteem. As they take on greater responsibilities, such as mentoring younger members and supporting group activities, they also build leadership, communication, and teamwork skills that support them in the wider community.

Progress is monitored and recorded via a structured badge and promotion system. Rangers work towards four progressive levels: Tenderfoot, Bronze Spur, Silver Spur, and Golden Spur. Each badge represents the attainment of specific competencies in horsemanship, stable management, and theoretical knowledge. Badges are awarded throughout the year as individuals meet the required criteria, providing a clear framework for monitoring individual development and engagement. This system supports consistency across Squadrons and contributes to quality assurance in programme delivery.

Horse Rangers use an online portal, Pony Hub, launched in 2019, to support training and record-keeping. Rangers can access badge progress, equine lectures, and training materials. The system also securely stores medical details and emergency contacts, supporting safeguarding and operational efficiency.

Young people with special educational needs are integrated into mainstream Squadrons wherever possible. For those requiring more tailored support, Horse Rangers is a member of RDA UK and offers specialist therapeutic riding programmes.

Horse Rangers RDA

Horse Rangers is a member of RDA UK and offers specialist therapeutic riding sessions for children and young people with additional needs, including those with physical disabilities, learning difficulties, neurodivergence, and emotional challenges. Horse Rangers RDA runs 34 weeks a year during term time, offering riding as therapy sessions seven times a week.

These sessions are designed to improve physical coordination, balance, and core strength while also supporting emotional wellbeing, communication, and social development. Delivered in small groups of 4, our RDA sessions are tailored to each rider's individual needs and goals, fostering confidence, independence, and a sense of achievement. The bond between horse and rider plays a central role, offering calm, non-judgemental interaction in an environment that supports self-regulation and trust.

Participants may be referred by schools, local authorities, healthcare professionals, or family members. Where appropriate, they may also transition into mainstream Squadrons as their confidence and ability grow, ensuring inclusion remains at the heart of the Horse Rangers experience.

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES

A summary of the composition of each Squadron is provided below (as of 31 March 2025) -

Mainstream Horse Rangers Mainstream Horse Rangers
Membership numbers SQN 1 SQN 2 SQN 3
SQN 5		 Total
Rangers 69 59 54 33 215
Unattached Rangers 2 6 6 0 14
Total Rangers 71 65 60 33 229
Total Officers 11 12 11 3 37
Overall Total 266
Prior Year 271
Horse Rangers RDA RDA
Number of places per week for local riders with Special Needs 28
Maximum number of riders per class 4
RDA Group Coaches 4
RDA Assistant Coaches 0
RDA Trainee Coaches 3
Number of RDA Classes per week (during school terms) 7
Average number of volunteers required for each session 15
Number of volunteers registered for RDA sessions 63
Breakdown of Riders' Special Needs:
Communication Problems 14
Sensory Disability 6
Disability which affects ability to walk/weight bear independently 7
Autistic Spectrum Disorder 13
Learning Disability 9
Multiple/Complex Disability 13

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENT AND PERFORMANCE Charitable activities Horse Rangers Weekend Programme (Mainstream)

In 2024-25, Horse Rangers held 892 structured sessions for 287 active Rangers, with the highest attendance seen in July 2024. We continue to recruit more rangers to meet our maximum capacity. These sessions focused on developing knowledge and skills in riding, stable management, and horse care.

Overall, approximately 20% of participants progressed to a higher level, with 14% choosing to volunteer and support our younger members. This demonstrates meaningful growth in technical skills and personal development. The structured badge system enables young people to track their own progress, promoting selfesteem and a sense of achievement, all of which contribute to improved educational and social outcomes. Many participants report increased confidence, stronger communication skills, and greater resilience, which extend into school, home, and community life.

In 2024-25, Horse Rangers introduced a Volunteering Badge to formally recognise and encourage the contributions of senior members who support younger Rangers. This initiative provides a clear progression pathway for older members, reinforces leadership and mentoring skills, and acknowledges the important role they play in sustaining the organisation's peer-led model. The badge serves as both a motivational tool and a record of community contribution, supporting future opportunities in education and employment.

In the year, funding was secured from the Hargreaves Foundation to support places for Rangers from lowincome households attending the programme. While this partnership did not expand our reach, it ensured that socio-economically disadvantaged children within our existing membership could continue to access the benefits of regular equine activity, regardless of background or means.

Horse Rangers RDA

This year, our RDA (Riding for the Disabled) programme has continued to go from strength to strength, providing meaningful riding opportunities for children and young people with disabilities and additional needs. The number of weekly sessions increased from five in 2023/24 to seven in 2024/25, allowing more children and young people to benefit. As part of our commitment to accessibility, the number of subsidised places also increased during this period.

To support succession planning and ensure the continued delivery of high-quality sessions, two volunteers are in training to qualify as RDA coaches. This focus on developing future session leaders is essential for maintaining programme stability and supporting our existing coaches.

During the reporting period, two participants successfully transitioned from the RDA programme into our mainstream riding sessions. This progression highlights the developmental impact of equine-assisted activities, particularly in building confidence and supporting social engagement for young people with additional needs.

We were delighted to take part in the prestigious Royal Windsor Horse Show, where our riders entered the Fancy Dress Competition and were awarded first place, a joyful and celebratory moment that reflected the confidence and creativity of our group.

In addition, Horse Rangers took the largest number of riders to this year's RDA Regional Event Day, with nine individuals participating. Notably, three of these riders had been with us for less than six months, demonstrating the welcoming and progressive nature of our programme. Of the nine who took part, five riders qualified for the RDA National Championships in Gloucestershire. This included two of our newer members, who were able to compete at national level within months of starting their riding journey with us, an exceptional achievement made possible by their commitment and the supportive environment created by our volunteers.

These milestones highlight the effectiveness of our programme in supporting progression, inclusion, and participation at every level, from local activity to national competition.

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

Additional Activities and Events

In 2024, we delivered a range of activities to support peer engagement and broaden our members' understanding of horses in wider contexts. As part of this, 26 Rangers and 6 volunteers visited the Royal Mews, where they learned about the role of horses in ceremonial duties, toured the historic stables, and viewed the State vehicles and carriages.

In July, the Musical Ride team was invited to attend an open day at the Horse Trust. Eight horses were transported for the trip, offering members a valuable opportunity to learn about horse welfare during travel. Accompanying the horses were 12 members, four volunteers, and four staff. Junior members were also invited to attend. A scavenger hunt was organised for the 18 participants, who were later encouraged to write a report reflecting on the important work carried out by the Horse Trust.

In September, The Big Weekend was held to present the annual Achievement Awards, recognising the dedication and progress of Rangers, Volunteers, and Supporters over the year. Awards included promotions to Officer roles, the Commandant's Award, and several long-standing trophies for exceptional contributions. The presentations concluded with the Raymond Gordon Trophy for outstanding volunteering and the Ranger of the Year award. Additionally, 12 awards were presented within the Riding for the Disabled (RDA) Squadrons, including the Senior RDA Horse Ranger of the Year.

In December, we hosted our annual carol service hosting 260 guests, including the Mayor of Richmond and the Mayor of Kingston. The event received highly positive feedback from attendees. Held at Hampton Court Palace in the Chapel Royal, the carol service brought together families, volunteers, and supporters to celebrate the festive season and the spirit of the Horse Rangers community.

Later in the season, 307 members and their families enjoyed a festive evening at the Hampton Court Palace ice rink. Thanks to a generous charity discount from the team at AGT, the event remained an accessible and affordable celebration for the whole community.

In 2025, we launched a Lecture Series aimed at raising awareness of careers within the equine industry. The series commenced with a visit to Liphook Hospital, providing Rangers with valuable insight into veterinary care and professional pathways. A total of ten sessions are planned for the year, supporting our mission to broaden participants' knowledge, inspire career aspirations, and strengthen their connection to the equine sector.

These visits and events supported both educational outcomes and social development for participating members.

Fundraising

Horse Rangers has experienced another challenging year, particularly in securing grant funding. While success in this area remains limited, we secured over £40,000 in grants in support of the RDA programme and the Supporting Families Fund. Funding streams were diversified through a successful crowdfunder to raise income towards a vet bill for one of our horses and the cost of winter feeding. A concerted effort was made by staff to minimise running costs, helping to maintain the sustainability of core activities.

The Trustees are extremely grateful for all funds received and would like to especially thank the following for their generous donations:

City Bridge Trust Duke of Edinburgh Trust Hargreaves Foundation Jack Petchey Patricia Routledge Foundation Rowan Bentall Trust Windsor Lions Club Windsor Eq Pr Ltd

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

In addition, the Trustees would like to thank everyone who has donated to Horse Rangers via regular monthly payments and online giving, in support of some of our horse costs and vet bills. And to the generous regular support and donations from all those who contributed including The JAM Trust, Shotters and Byers and the many individual donors that have enabled Horse Rangers to continue our programmes with Riding for the Disabled and the development of our Supporting Families Fund.

Horse Rangers 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.

Governance and Safeguarding

Throughout the year, Horse Rangers continued to invest in staff and volunteer training wherever possible. All necessary training was provided to ensure compliance with regulatory requirements and to uphold the highest standards of safety for all members.

Horse Rangers remains strongly committed to safeguarding and safety across all areas of the organisation. All members and volunteers aged 18 and over are required to hold an enhanced DBS check. In accordance with the safeguarding policy, those aged 16 and in a voluntary role are also subject to DBS checks. All staff, as well as Officers and above, are trained in first aid and have completed Level 1 safeguarding training. RDA Coaches and Trainee Coaches meet the nationally recognised standards set by the Riding for the Disabled Association (RDA).

The suitability, health, and welfare of all horses are managed to an exceptionally high standard by the Stable Manager and her team. Horse Rangers is registered with both the British Horse Society (BHS) and Richmond Council as a licensed Riding School, ensuring quality assurance in its facilities and equine care. The dedication and teamwork of the stable staff ensure that horses contribute positively to all areas of activity at Horse Rangers Association.

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

Responsibility
Mainstream work only
RDA and Mainstream
In retirement - used for teaching
Not in work due to illness		 No. Horses
10
8
3
1
22

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW

Financial position

Horse Rangers has reported a gain of £14,124 (2024: £6,137) for the year. Principal funding sources are donations and grants.

Income of £680,741 (2024: £646,935) was higher than the previous year as the net result of: -

Expenditure of £666,617 (2024: £640,798) increases due to expected rise in costs.

The net cash position has increased from £119,893 to £133,086 at relevant Balance Sheet dates.

During the year Management at Horse Rangers continued to pursue an ambitious and challenging fundraising programme to bridge the gap between income and costs.

The costs of providing each element of Horse Rangers activities are monitored against the funding received, highlighting where targeted efforts with respect to fundraising 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 13 Rangers benefitted from funds raised to support this programme.

Investment policy and objectives

Horse Rangers holds absolute powers to invest its corporate reserves. The Board continues to review investment risks and rewards in the context of current market conditions. The policy is to place funds not required for dayto-day cash management into higher-yielding deposit accounts.

Accounts are maintained across five different banks and building societies to reduce exposure to individual financial institutions and to enhance investment returns. Each account remains covered under the Financial Services Compensation Scheme. Monitoring will continue to determine if opening additional accounts is necessary in the future.

Trustees regularly review banking arrangements to assess whether better interest rates can be achieved through alternative investment options, and to explore opportunities to reduce bank charges going forward.

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW

Reserves policy

Our reserves policy focuses on our unrestricted reserves, being the funds at the discretion of the trustees. The appropriateness of the policy is reviewed by the trustees throughout the year, as is the free reserves balance. Our aim is to ensure that the level of unrestricted reserves is sufficient to protect our financial stability in case of any unexpected changes to income or expenditure. Due to the nature of our regular donation income we anticipate that any unforeseen decrease would continue to cover our direct costs. Therefore as a minimum our unrestricted reserves should cover 6 months indirect costs c. £80k. In order to further protect our financial stability, due to the illiquid nature of some of our unrestricted reserves, our free reserves should cover 3 months indirect costs c. £40k.

The trustees recognise that the challenging economic environment that has faced the UK continues and is increasing the pressure on organisations providing grants. As a result and to bolster our reserves the trustees are looking at possible new funding streams including corporate fundraising. Increased reserves would allow the organisation to invest further in its Supporting Families fund as well as look at new projects supporting the overall charitable objectives.

Going concern

Following appropriate enquiries, the Trustees are satisfied that the charity has sufficient resources to continue operating for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. Further information on this assessment is provided within the accounting policies.

FUTURE PLANS

Horse Rangers believes no child should ride alone. Every child and young person can experience the lifechanging benefits of horses, regardless of financial circumstances or physical and mental health challenges. We will continue to empower young lives through experiences with horses, building confidence, a sense of responsibility, and lasting friendships in a safe supportive space.

Our objectives for the next 3 years are to:

Championing learning and growth: To foster a culture of continuous learning and personal development by providing children and young people with hands-on opportunities to build confidence, develop skills, and deepen their understanding of horse care and riding in a supportive equestrian environment.

Expand access for Socio-Economically Disadvantaged Children To increase the number of financially supported places through our Supporting Families initiative, ensuring that more children from socio-economically disadvantaged backgrounds in our local area can access the transformative benefits of both Horse Rangers programmes.

Launch an initiative to support young people identified as 'in need' A dedicated initiative providing targeted support for children and young people in SEND (special educational needs and/or disabilities), children struggling with school attendance, looked after children, children in care, those referred to CAHMS (Child and Adolescent Mental Health Services) and children with neurodevelopmental conditions. Through participating in our programmes and expanding our reach through outreach projects. This programme responds to the increasing emotional and psychological challenges faced by our participants.

To improve diversity within Horse Rangers by increasing participation from underrepresented communities in Richmond and Kingston. To collect and review data to understand our current representation. To identify community partnerships and deliver outreach to encourage participation of underrepresented communities.

Maintain Excellence in Stable Management and Horse Welfare Maintain BHS accreditation and achieve 100% compliance in annual inspections by upholding high standards in horse care, stable management, and safety practices. Ensuring a consistently enriching and safe environment for all horses and members over the next 12 months..

Strengthen financial resilience by diversifying income streams including corporate sponsorship, grants, donations, and earned income, to ensure long-term sustainability and continued programme growth.

Invest in Our People Enhance training, support, and professional development opportunities for staff and volunteers, equipping them with the skills and confidence needed to deliver our mission effectively.

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The Horse Rangers Association (Hampton Court) Limited

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Horse Rangers Association (Hampton Court) Limited [thereafter HRA] is a Charitable Company, with the liability of its members limited to £10 each by guarantee. HRA is governed by its Memorandum and Articles and is registered for charitable purposes with the Charity Commission.

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.

AUDITORS

The auditors, Brewers Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

05/09/2025

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Liam Kearney ........................................................................... Liam Kearney (Sep 5, 2025 17:40:05 GMT+1) L G Kearney - Trustee

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The Horse Rangers Association (Hampton Court) Limited

Statement of Trustees' Responsibilities for the Year Ended 31 March 2025

The trustees (who are also the directors of The Horse Rangers Association (Hampton Court) Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

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

In so far as the trustees are aware:

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Report of the Independent Auditors to the Members of The Horse Rangers Association (Hampton Court) Limited

Opinion

We have audited the financial statements of The Horse Rangers Association (Hampton Court) Limited (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice).

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 Auditors' 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 charitable company'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 trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. 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:

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Report of the Independent Auditors to the Members of The Horse Rangers Association (Hampton Court) Limited

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 Report of the Trustees.

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

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, 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.

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Report of the Independent Auditors to the Members of The Horse Rangers Association (Hampton Court) Limited

Our 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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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:

Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards and Charity Law.

Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the charity and therefore may have a material effect on the financial statements include compliance with the charitable objectives, public benefit, safeguarding and health and safety legislation. These matters were discussed amongst the engagement team at the planning stage and the team remained alert to noncompliance 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: inquires 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 meting 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 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 www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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 auditors' 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, or for the opinions we have formed.

Andrew Skilton ACA (Senior Statutory Auditor) for and on behalf of Brewers Chartered Accountants Unit 3

Birtley Courtyard Bramley Surrey GU5 0LA

08/09/2025 Date: .............................................

Page 15

The Horse Rangers Association (Hampton Court) Limited

Statement of Financial Activities for the Year Ended 31 March 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
567,468
Other trading activities
3
32,791
Investment income
4
6,617
Other income
10,005
Total
616,881
EXPENDITURE ON
Raising funds
5
17,934
Charitable activities
6
Resources expended
586,635
Total
604,569
NET INCOME
12,312
RECONCILIATION OF FUNDS
Total funds brought forward
96,990
TOTAL FUNDS CARRIED FORWARD
**109,302 **		 Restricted
fund
£
59,081
4,779
-
-
63,860
-
62,048
62,048
1,812
43,061
44,873		 2025
Total
funds
£
626,549
37,570
6,617
10,005
680,741
17,934
648,683
666,617
14,124
140,051
154,175		 2024
Total
funds
£
612,925
26,217
950
6,843
646,935
11,265
629,533
640,798
6,137
133,914
140,051

The notes form part of these financial statements

Page 16

The Horse Rangers Association (Hampton Court) Limited

Balance Sheet 31 March 2025

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
46,913
Investments
13
2
46,915
CURRENT ASSETS
Stocks
14
1,587
Debtors
15
40,935
Cash at bank and in hand
95,042
137,564
CREDITORS
Amounts falling due within one year
16
(63,299)
NET CURRENT ASSETS
74,265
TOTAL ASSETS LESS CURRENT LIABILITIES
121,180
CREDITORS
Amounts falling due after more than one
year
17
(11,878)
NET ASSETS
109,302
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
33,234
-
33,234
-
-
38,044
38,044
(26,405)
11,639
44,873
-
44,873		 2025
Total
funds
£
80,147
2
80,149
1,587
40,935
133,086
175,608
(89,704)
85,904
166,053
(11,878)
154,175
109,302
44,873
154,175		 2024
Total
funds
£
95,141
2
95,143
2,654
31,209
119,893
153,756
(87,120)
66,636
161,779
(21,728)
140,051
96,990
43,061
140,051

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

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 05/09/2025

Liam Kearney ............................................. Liam Kearney (Sep 5, 2025 17:40:05 GMT+1)

L G Kearney - Trustee

The notes form part of these financial statements

Page 17

The Horse Rangers Association (Hampton Court) Limited

Cash Flow Statement for the Year Ended 31 March 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end of
the reporting period
2		 2025
£
51,925
(1,593)
50,332
(7,403)
750
6,617
(36)
(9,597)
(9,597)
40,699
92,387
133,086		 2024
£
4,523
(1,535)
2,988
(625)
-
950
325
(9,598)
(9,598)
(6,285)
98,672
92,387

The notes form part of these financial statements

Page 18

The Horse Rangers Association (Hampton Court) Limited

Notes to the Cash Flow Statement for the Year Ended 31 March 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025 2024
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 14,124 6,137
Adjustments for:
Depreciation charges 22,397 23,365
Profit on disposal of fixed assets (750) -
Interest received (6,617) (950)
Interest paid 1,593 1,535
Decrease/(increase) in stocks 1,067 (2,654)
Increase in debtors (9,726) (12,065)
Increase/(decrease) in creditors 29,837 (10,845)
Net cash provided by operations 51,925 4,523
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
2025 2024
£ £
Cash in hand 112 257
Notice deposits (less than 3 months) 132,974 119,636
Overdrafts included in bank loans and overdrafts falling due within one
year - (27,506)
Total cash and cash equivalents 133,086 92,387
3. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 119,893 13,193 133,086
Bank overdraft (27,506) 27,506 -
92,387 40,699 133,086
Debt
Debts falling due within 1 year (9,969) (253) (10,222)
Debts falling due after 1 year (21,728) 9,850 (11,878)
(31,697) 9,597 (22,100)
Total 60,690 50,296 110,986

The notes form part of these financial statements

Page 19

The Horse Rangers Association (Hampton Court) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The financial statements have been prepared on a going concern basis. The Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising the financial statements taking into account the known commitments. The Trustees have concluded that sufficient cash reserves remain available for at least the next 12 months for the Company to be able to continue as a going concern.

Preparation of consolidated financial statements

The financial statements contain information about The Horse Rangers Association (Hampton Court) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income

Contributions

Contributions which are voluntary are recognised when the charity is entitled to receipt.

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.

Gift Aid

Gift aid is recognised at the same time as the related donation.

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.

Fundraising Income

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

Other Income

Other income is Veterinary Insurance recovery and is recognised in the period to which the claim relates.

Interest

Interest is recognised on an accruals basis.

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.

continued...

Page 20

The Horse Rangers Association (Hampton Court) Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

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

Stocks

Stocks, comprising goods for resale, are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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.

Pension costs and other post-retirement benefits

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.

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 2025.

2. DONATIONS AND LEGACIES

Monthly donations
Donations
Gift aid
RDA contributions
Grants		 2025
£
448,826
13,292
111,521
11,228
41,682
626,549		 2024
£
424,481
12,272
73,200
9,214
93,758
612,925

Grants received, included in the above, as as follows:

Funder
Purpose
Jam Trust
The Duke of Edinburgh
Rowan Bentall Trust
City Bridge Trust
RDA
P Routledge Trust
RDA
Hargreaves
Supporting Families
Jack Petchey
Fun activities and projects		 Value (£)
3,500
2,000
1,000
30,000
2,000
21,060
**5,182 **

continued...

Page 21

The Horse Rangers Association (Hampton Court) Limited

64,742

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. DONATIONS AND LEGACIES - continued

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

3. OTHER TRADING ACTIVITIES

Fundraising events
Shop income
Sponsorships
4.
INVESTMENT INCOME
Deposit account interest
5.
RAISING FUNDS
Raising donations and legacies
Support cost allocation
Sundries
Carol service
6.
CHARITABLE ACTIVITIES COSTS
Resources expended
7.
SUPPORT COSTS
Resources expended		 2025
£
25,647
3,003
8,920
37,570
2025
£
6,617
2025
£
3,838
12,984
1,112
17,934
Support
Direct
costs (see
Costs
note 7)
£
£
508,445
140,238
Governance
Other
costs
£
£
120,187
**20,051 **		 2024
£
14,979
2,238
9,000
26,217
2024
£
950
2024
£
3,086
7,031
1,148
11,265
Totals
£
648,683
Totals
£
140,238

continued...

Page 22

The Horse Rangers Association (Hampton Court) Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

7. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

2025
Resources
expended
£
Wages
62,503
Social security
4,752
Pensions
1,544
Light and heat
1,256
Postage and stationery
1,410
Sundries
1,101
Refuse
1,079
Telephone
1,730
Payroll fees
1,231
Computer costs
5,259
Relocation costs
627
Staff welfare
2,468
Rent
34,483
Bank charges
4,582
Support cost allocation
(3,838)
Auditors' remuneration
12,202
Legal fees
6,256
Interest payable and similar charges
1,593
140,238		 2024
Total
activities
£
102,789
8,341
1,917
1,005
1,862
798
149
1,553
909
5,679
673
2,178
12,723
5,207
(3,086)
8,520
1,793
1,535
154,545

8.

NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Depreciation - owned assets
Surplus on disposal of fixed assets		 2025
£
12,202
22,397
**(750) **		 2024
£
8,520
23,364
-

Included within Auditors' remuneration are fees for other services. The current year also includes an under accrual from the prior year of £1,620.

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

continued...

Page 23

The Horse Rangers Association (Hampton Court) Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
301,557
10,329
7,071
318,957		 2024
£
323,454
24,125
7,818
355,397
The average monthly number of employees during the year was as follows:
Support staff
Charitable staff		 2025
3
11
14		 2024
3
11
14

No employees received emoluments in excess of £60,000.

The Trustees consider the key management personnel to comprise the Director and the Stable Manager. The total compensation paid to key management personnel in the year was £89,911 (2024: £102,442).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
478,155
Other trading activities
26,092
Investment income
950
Other income
6,843
Total
512,040
EXPENDITURE ON
Raising funds
11,265
Charitable activities
Resources expended
499,937
Total
511,202
NET INCOME
838
RECONCILIATION OF FUNDS
Total funds brought forward
96,152
TOTAL FUNDS CARRIED FORWARD
96,990		 Restricted
fund
£
134,770
125
-
-
134,895
-
129,596
129,596
5,299
37,762
43,061		 Total
funds
£
612,925
26,217
950
6,843
646,935
11,265
629,533
640,798
6,137
133,914
140,051

continued...

Page 24

The Horse Rangers Association (Hampton Court) Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

12. TANGIBLE FIXED ASSETS

COST
At 1 April 2024
Additions
Disposals
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
Eliminated on disposal
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Horses
£
69,645
5,000
-
74,645
43,546
4,867
-
48,413
26,232
26,099		 Fixtures
and
fittings
£
147,310
2,403
-
149,713
89,162
11,610
-
100,772
48,941
58,148		 Motor
Computer
vehicles
equipment
£
£
30,668
7,972
-
-
(12,668)
-
18,000
7,972
21,668
6,078
4,500
1,420
(12,668)
-
13,500
7,498
4,500
474
9,000
1,894		 Totals
£
255,595
7,403
(12,668)
250,330
160,454
22,397
(12,668)
170,183
80,147
95,141

Restricted assets comprise a mechanical horse with net book value of £32,760 classified in Fixtures and Fittings and 3 restricted horses (2024:3) for Riding for the Disabled with a net book value of £474 (2024:£1,021) classified in Horses.

13. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2024 and 31 March 2025 2
NET BOOK VALUE
At 31 March 2025 2
At 31 March 2024 2

There were no investment assets outside the UK.

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

Horse Rangers No.1 Limited will act as a trading subsidiary.

Horse Rangers Association Limited has been incorporated to protect and promote the identity, interests, intellectual property and mode of operation of The Horse Rangers Association (Hampton Court) Ltd.

Neither company traded during the year. Reserves as at 31 March 2025 were £1 each.

continued...

Page 25

The Horse Rangers Association (Hampton Court) Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14.
STOCKS
Stocks
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 18)
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 18)		 2025
£
1,587
2025
£
24,203
16,732
40,935
2025
£
10,222
15,679
5,666
428
26,406
31,303
89,704
2025
£
11,878		 2024
£
2,654
2024
£
14,401
16,808
31,209
2024
£
37,475
23,518
6,375
945
10,463
8,344
87,120
2024
£
21,728

The charity received a Government backed 'bounce back' loan in April 2021. The loan is repayable of 6 years, commencing May 2022. Interest is charged at a rate of 2.5% and no interest is payable for the first year.

Loan debts owed to HSBC are secured by a fixed and floating charge over all assets owned by the Charity.

18. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years		 2025
£
-
10,222
10,222
11,878		 2024
£
27,506
9,969
37,475
21,728

continued...

Page 26

The Horse Rangers Association (Hampton Court) Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025

19. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement At
At 1.4.24 in funds 31.3.25
£ £ £
Unrestricted funds
General fund 96,990 12,312 109,302
Restricted funds
Restricted fund 43,061 1,812 44,873
TOTAL FUNDS **140,051 ** 14,124 154,175
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 616,881 (604,569) 12,312
Restricted funds
Restricted fund 63,860 (62,048) 1,812
TOTAL FUNDS 680,741 **(666,617) ** 14,124
Comparatives for movement in funds
Net
movement At
At 1.4.23 in funds 31.3.24
£ £ £
Unrestricted funds
General fund 96,152 838 96,990
Restricted funds
Restricted fund 37,762 5,299 43,061
TOTAL FUNDS 133,914 6,137 140,051
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 512,040 (511,202) 838
Restricted funds
Restricted fund 134,895 (129,596) 5,299
TOTAL FUNDS 646,935 (640,798) 6,137

continued...

Page 27

The Horse Rangers Association (Hampton Court) Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Net
movement
At 1.4.23
in funds
£
£
96,152
13,150
37,762
7,111
133,914
20,261		 At
31.3.25
£
109,302
44,873
154,175

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,128,921 (1,115,771) 13,150
Restricted funds
Restricted fund 198,755 (191,644) 7,111
TOTAL FUNDS 1,327,676 (1,307,415) 20,261

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 28

The Horse Rangers Association (Hampton Court) Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

INCOME AND ENDOWMENTS
Donations and legacies
Monthly donations
Donations
Gift aid
RDA contributions
Grants
Other trading activities
Fundraising events
Shop income
Sponsorships
Investment income
Deposit account interest
Other income
Insurance recovery
Total incoming resources
EXPENDITURE
Raising donations and legacies
Support cost allocation
Sundries
Carol service
Charitable activities
Wages
Social security
Pensions
Purchase of hay and feed
Insurance
Veterinary expenses
Farrier expenses
Waste disposal
Repairs and maintenance
Motor expenses
Staff training and welfare
Health and safety
Other charitable costs
Advertising
Fixtures and fittings
Carried forward		 2025
£
448,826
13,292
111,521
11,228
41,682
626,549
25,647
3,003
8,920
37,570
6,617
10,005
680,741
3,838
12,984
1,112
17,934
239,054
5,577
5,527
56,172
45,958
44,025
36,128
20,368
2,443
12,202
2,917
13,604
2,823
-
16,476
503,274		 2024
£
424,481
12,272
73,200
9,214
93,758
612,925
14,979
2,238
9,000
26,217
950
6,843
646,935
3,086
7,031
1,148
11,265
220,665
15,784
5,901
46,766
42,908
30,826
31,814
20,851
2,390
14,687
2,420
13,802
2,608
201
16,411
468,034

This page does not form part of the statutory financial statements

Page 29

The Horse Rangers Association (Hampton Court) Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Charitable activities
Brought forward
Motor vehicles
Computer equipment
Loss on sale of tangible fixed assets
Support costs
Other
Wages
Social security
Pensions
Light and heat
Postage and stationery
Sundries
Refuse
Telephone
Payroll fees
Computer costs
Relocation costs
Staff welfare
Rent
Bank charges
Support cost allocation
Governance costs
Auditors' remuneration
Legal fees
Bank interest
Total resources expended
Net income		 2025
£
503,274
4,500
1,421
(750)
508,445
62,503
4,752
1,544
1,256
1,410
1,101
1,079
1,730
1,231
5,259
627
2,468
34,483
4,582
(3,838)
120,187
12,202
6,256
1,593
20,051
666,617
14,124		 2024
£
468,034
5,400
1,554
-
474,988
102,789
8,341
1,917
1,005
1,862
798
149
1,553
909
5,679
673
2,178
12,723
5,207
(3,086)
142,697
8,520
1,793
1,535
11,848
640,798
6,137

This page does not form part of the statutory financial statements

Page 30

The Horse Rangers Association (Hampton Court) Limited Constable’s Boatyard Thames Street Hampton Surrey TW12 2EW

Brewers Chartered Accountants 3 Birtley Courtyard Bramley Surrey GU5 0LA

20[th] August 2025

Dear Sirs,

LETTER OF REPRESENTATION FOR THE YEAR ENDED 31 MARCH 2025

We confirm that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and where appropriate, of inspection of supporting documentation, sufficient to satisfy ourselves that we can properly make each of the following representations to you in connection with your audit of the charitable company's financial statements for the year ended 31 March 2025.

We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware. Each trustee has taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that you are aware of that information.

Financial Statements:

  1. We acknowledge, and have fulfilled, as trustees (who are also Directors of the charitable company), our collective responsibility under the Companies Act 2006 for presenting financial statements (in accordance with the Companies Act 2006 and United Kingdom Accounting Standards), which give a true and fair view of the financial position of the charitable company at the reporting date, and of its result for the period then ended, and for making accurate representations to you. We confirm that we have approved the financial statements for the year ended 31 March 2025.

  2. We confirm that the accounting policies adopted for the preparation of the financial statements are the most appropriate to the circumstances in which the charitable company operates.

  3. We confirm that the methods, data and significant assumptions used in making accounting estimates and their related disclosures are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

  4. Other than as disclosed in the financial statements, the charitable company has not entered into any transactions involving trustees, officers or other related parties, which require disclosure under the Companies Act, SORP or Financial Reporting Standards.

If relevant, appropriate disclosure has been made of the control of the charitable company.

  1. We have disclosed all known or possible litigation and claims whose effects should be considered when preparing the financial statements and these have been disclosed in accordance with the requirements of accounting standards.

  2. All grants, donations and other incoming resources, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions during the period in the application of such incoming resources.

  3. The financial statements of the charitable company have been prepared on the going concern basis as we believe that adequate cash resources will be available to cover the charitable company’s requirements for working capital and capital expenditure for at least the next twelve months. We are not aware of any other factors which could put into jeopardy the charitable company’s going concern status during or beyond this period.

  4. There have been no events since the reporting date which necessitate revision of the figures included in the financial statements or inclusion of a note thereto. Should further material events occur, which may necessitate revision of the figures included in the financial statements or inclusion of a note thereto, we will advise you accordingly.

  5. We confirm that we have been notified by you that either no unadjusted or only clearly trivial errors were identified during the audit.

  6. We confirm that we have agreed the adjustments appended to this letter which have been made to the Statement of Financial Activity and the Balance Sheet which we presented to you for audit.

  7. We confirm we have no plans or intentions that may materially affect the carrying value or classification of any assets and liabilities reflected in the financial statements.

  8. We confirm that after the audit report has been signed, we will circulate a copy of our annual report to every member of the charitable company, every holder of the company’s debentures and every other person entitled to receive notice of general meetings, as required by section 423, Companies Act 2006.

Information provided:

  1. All the accounting records have been made available to you for the purpose of your audit and all the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records. We have provided to you all other information requested and given unrestricted access to persons within the entity from whom you have deemed it necessary to speak to. All other records and relevant information, including minutes of all trustees’, members’, and management meetings, have been made available to you.

  2. Other than those disclosed in the financial statements we are not aware of any material liabilities, provisions, contingent liabilities, contingent assets or contracted for capital commitments, that need to be provided for or disclosed in the financial statements.

  3. We confirm that the charitable company has had no non-routine communication with Charity Commission during or since the period of which you are unaware. We confirm that no transactions or arrangements occurred in the period for which we needed Charity Commission approval.

  4. We have reviewed the affairs of the charitable company and confirm that no income or gains are subject to corporation tax. We have also reviewed the VAT treatment in relation to contractual services provided by the charity and confirm that VAT has been correctly accounted for.

  5. We confirm that the charity has adequate procedures in place to identify intangible income and all intangible income has been appropriately valued and included in the financial statements.

  6. The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the company’s assets.

  7. We confirm that the functional currency of the charitable company is Sterling.

  8. We confirm that we have reviewed all material tangible fixed assets, intangible fixed assets and fixed asset investments (other than those carried at fair value) and consider that no impairment review was necessary, as there were no indications of impairment.

  9. We confirm that we have notified you of all related party relationships, and transactions that the charitable company has entered into with those related parties during the year of which we are aware.

  10. We acknowledge our responsibility for the design and implementation of internal controls to prevent and detect errors or fraud, and have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. We are unaware of any irregularities, including fraud and suspected fraud, involving management, employees or others who have significant roles in internal control, or those employed by the charitable company where the fraud could have a material effect on the financial statements. No allegations of such irregularities or breaches have come to our notice.

  11. We are unaware of any breaches or possible breaches of statute, regulations, contracts, agreements or the charitable company's Memorandum and Articles of Association which might result in the charitable company suffering significant penalties or other loss. No allegations of such irregularities or breaches have come to our notice.

  12. We confirm that we have been notified by you that there are no matters which you are required to raise with us to comply with your profession’s ethical guidance.

Yours faithfully

Liam Kearney Liam Kearney (Sep 5, 2025 17:40:05 GMT+1)

Signed on behalf of the Board of Trustees (those charged with governance)

HORSE RANGERS - FINAL ACCOUNTS

Final Audit Report 2025-09-08

Created: 2025-08-20 By: Victoria Knight (vknight@bg-brewers.com) Status: Signed Transaction ID: CBJCHBCAABAA4jto8msxHbK_Ta7dPhKnII6832KH-tKU

"HORSE RANGERS - FINAL ACCOUNTS" History

Document created by Victoria Knight (vknight@bg-brewers.com) 2025-08-20 - 10:29:27 AM GMT

Document emailed to Liam Kearney (liam.kearney@powerday.co.uk) for signature 2025-08-20 - 10:29:31 AM GMT

Document emailed to Jonathan Skilton (jskilton@bg-brewers.com) for signature 2025-09-05 - 4:40:07 PM GMT

Email viewed by Jonathan Skilton (jskilton@bg-brewers.com) 2025-09-08 - 4:04:25 PM GMT

Document e-signed by Jonathan Skilton (jskilton@bg-brewers.com) Signature Date: 2025-09-08 - 4:05:01 PM GMT - Time Source: server

Agreement completed.

2025-09-08 - 4:05:01 PM GMT