The Horse Rangers Association (Harwich Ltd)
Charity No. 1102278
Company No. 04828091
Trustees' Report and Unaudited Accounts
30 September 2022
The Horse Rangers Association (Harwich Ltd) Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Accounts | 6 to | 12 |
| Detailed Statement of Financial Activities | 13 to | 14 |
Page 1
The Horse Rangers Association (Harwich Ltd) Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 04828091
Charity No. 1102278
Registered Office
The Bungalow Ramsey Manor Michalstowe Drive Ramsey. Essex CO12 5ER
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
E. Harrison (Resigned 10 August 2022) M. Mallett K. Shean B. Thorpe S. Thorpe
Accountants
Quantic Accountancy Limited 1 Second Avenue Bluebridge Halstead Essex CO9 2SU
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
M. Mallett Trustee 10 June 2023
Page 2
The Horse Rangers Association (Harwich Ltd) Independent Examiners Report
Independent Examiner's Report to the trustees of The Horse Rangers Association (Harwich Ltd)
I report to the charity trustees on my examination of the financial statements of The Horse Rangers Association (Harwich Ltd) for the year ended 30 September 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr Stuart Foster FCCA ACCA Quantic Accountancy Limited 1 Second Avenue Bluebridge Halstead Essex CO9 2SU 10 June 2023
Page 3
The Horse Rangers Association (Harwich Ltd) Statement of Financial Activities
for the year ended 30 September 2022
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Total Expenditure on: Charitable activities 6 Other 7 Total Net gains on investments Net income/(expenditure) 8 Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2022 £ 68,555 23,197 |
Total funds 2022 £ 68,555 23,197 |
Total funds 2021 £ 62,877 11,517 |
|---|---|---|---|
| 91,752 42,179 44,701 |
91,752 42,179 44,701 |
74,394 40,434 38,574 |
|
| 86,880 - |
86,880 - |
79,008 - |
|
| 4,872 - |
4,872 - |
(4,614) - |
|
| 4,872 | 4,872 | (4,614) | |
| 4,872 1,225 |
4,872 1,225 |
(4,614) 5,839 |
|
| 6,097 | 6,097 | 1,225 |
Page 4
The Horse Rangers Association (Harwich Ltd) Balance Sheet
at 30 September 2022
| Company No. 04828091 Notes 2022 £ Fixed assets Tangible assets 10 529 529 Current assets Cash at bank and in hand 7,898 7,898 Creditors:Amount falling due within one year 11 (2,330) Net current assets 5,568 Total assets less current liabilities 6,097 Net assets excluding pension asset or liability 6,097 Total net assets 6,097 The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds 6,097 6,097 Reserves 12 Total funds 6,097 |
2021 £ 706 |
|---|---|
| 706 5,460 |
|
| 5,460 (4,941) |
|
| 519 1,225 |
|
| 1,225 | |
| 1,225 | |
| 1,225 | |
| 1,225 | |
| 1,225 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 September 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 10 June 2023
And signed on its behalf by:
M. Mallett Trustee 10 June 2023
Page 5
The Horse Rangers Association (Harwich Ltd) Notes to the Accounts
for the year ended 30 September 2022
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 6
The Horse Rangers Association (Harwich Ltd) Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery 25% Reducing balance
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 7
The Horse Rangers Association (Harwich Ltd) Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 8
The Horse Rangers Association (Harwich Ltd) Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Grants received Donations and memberships |
Unrestricted £ 7,000 61,555 68,555 |
Unrestricted funds 2021 £ 62,877 11,517 74,394 40,434 38,574 79,008 (4,614) (4,614) (4,614) 5,839 1,225 Total 2022 £ 7,000 61,555 68,555 |
Total funds 2021 £ 62,877 11,517 |
| 74,394 40,434 38,574 |
|||
| 79,008 | |||
| (4,614) | |||
| (4,614) | |||
| (4,614) 5,839 |
|||
| 1,225 | |||
| Total 2021 £ 20,893 41,984 |
|||
| 62,877 |
Page 9
The Horse Rangers Association (Harwich Ltd) Notes to the Accounts
5 Income from charitable activities
| Fundraising Session fees School programmes and other income 6 Expenditure on charitable activities Expenditure on charitable activities Horse feed, care and equipment Governance costs 7 Other expenditure Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets Independent Examiner's fee 9 Staff costs No employee received emoluments in excess of £60,000. |
Unrestricted £ 3,403 14,702 5,092 23,197 Unrestricted £ 42,179 42,179 Unrestricted £ 2,509 30,811 177 11,012 192 44,701 2022 £ 177 192 |
Total 2022 £ 3,403 14,702 5,092 23,197 Total 2022 £ 42,179 42,179 Total 2022 £ 2,509 30,811 177 11,012 192 44,701 |
Total 2021 £ 796 10,721 - |
|---|---|---|---|
| 11,517 | |||
| Total 2021 £ 40,434 |
|||
| 40,434 | |||
| Total 2021 £ 455 23,940 236 13,769 174 |
|||
| 38,574 | |||
| 2021 £ 236 174 |
Page 10
The Horse Rangers Association (Harwich Ltd) Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation At 1 October 2021 At 30 September 2022 Depreciation and impairment At 1 October 2021 Depreciation charge for the year At 30 September 2022 Net book values At 30 September 2022 At 30 September 2021 11 Creditors: amounts falling due within one year Loans from trustees Accruals 12 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Fixed assets Net current assets |
At 1 October 2021 1,225 1,225 |
2022 £ 2,174 156 2,330 Incoming resources (including other gains/losses ) £ 91,752 91,752 |
Plant and machinery £ 12,745 12,745 12,039 177 12,216 529 706 Resources expended £ (86,880) (86,880) Unrestricted funds £ 529 5,568 6,097 |
Total £ 12,745 |
|---|---|---|---|---|
| 12,745 | ||||
| 12,039 177 |
||||
| 12,216 | ||||
| 529 | ||||
| 706 | ||||
| 2021 £ 4,784 157 |
||||
| 4,941 | ||||
| At 30 September 2022 £ 6,097 |
||||
| 6,097 | ||||
| Total £ 529 5,568 |
||||
| 6,097 |
Page 11
The Horse Rangers Association (Harwich Ltd) Notes to the Accounts
14 Reconciliation of net debt
| Reconciliation of net debt | |||
|---|---|---|---|
| Cash and cash equivalents Net debt |
At 1 October 2021 £ |
Cash flows £ |
At 30 September 2022 £ |
| 5,460 | 2,438 | 7,898 | |
| 5,460 5,460 |
2,438 2,438 |
7,898 | |
| 7,898 |
15 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 12
The Horse Rangers Association (Harwich Ltd) Detailed Statement of Financial Activities
for the year ended 30 September 2022
| Income and endowments from: Donations and legacies Grants received Donations and memberships Charitable activities Fundraising Session fees School programmes and other income Total income and endowments Expenditure on: Charitable activities Horse feed, care and equipment Total of expenditure on charitable activities Motor and travel costs Vehicles - General costs Travel and subsistence Premises costs Rent Rates Light, heat and power Premises cleaning Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Plant and machinery Bank charges Equipment repairs and maintenance General insurances |
Unrestricted funds 2022 £ 7,000 61,555 68,555 3,403 14,702 5,092 23,197 91,752 42,179 42,179 42,179 2,379 130 2,509 17,529 992 2,860 1,361 6,778 1,291 30,811 177 102 3,037 3,183 |
Total funds 2022 £ 7,000 61,555 68,555 3,403 14,702 5,092 23,197 91,752 42,179 42,179 42,179 2,379 130 2,509 17,529 992 2,860 1,361 6,778 1,291 30,811 177 102 3,037 3,183 |
Total funds 2021 £ 20,893 41,984 |
|---|---|---|---|
| 62,877 | |||
| 796 10,721 - |
|||
| 11,517 | |||
| 74,394 40,434 |
|||
| 40,434 | |||
| 40,434 455 - |
|||
| 455 | |||
| 15,822 491 - - 7,627 - |
|||
| 23,940 | |||
| 236 - 3,647 3,790 |
Page 13
The Horse Rangers Association (Harwich Ltd) Detailed Statement of Financial Activities
| Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
124 331 61 4,174 11,189 192 192 44,701 86,880 - 4,872 4,872 - 4,872 1,225 6,097 |
124 331 61 4,174 11,189 192 192 44,701 86,880 - 4,872 4,872 - 4,872 1,225 6,097 |
139 364 - 5,829 |
|---|---|---|---|
| 14,005 | |||
| 174 | |||
| 174 | |||
| 38,574 | |||
| 79,008 - |
|||
| (4,614) | |||
| (4,614) - |
|||
| (4,614) | |||
| 5,839 | |||
| 1,225 |
Page 14