2023-09-30-accounts - The Horse Rangers Association (Harwich) Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

The Horse Rangers Association (Harwich) Ltd

Charity No. 1102278

Company No. 04828091

Trustees' Report and Unaudited Accounts

30 September 2023

The Horse Rangers Association (Harwich) Ltd Contents

	Pages
Trustees' Annual Report		2
Independent Examiner's Report		3
Statement of Financial Activities		4
Summary Income and Expenditure Account		5
Balance Sheet		6
Notes to the Accounts	7 to	13
Detailed Statement of Financial Activities	14 to	15

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 2023.

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:

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. Mallettsigned on 19/12/2023, 21:21:29 GMT

Trustee

19 December 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 2023.

Responsibilities and basis of report

As the charity's trustees of the company (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:

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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.

signed on 20/12/2023, 02:59:33 GMT

Stuart Foster (FCCA) ACCA Quantic Accountancy Limited 1 Second Avenue

Bluebridge Halstead Essex CO9 2SU 19 December 2023

Page 3

The Horse Rangers Association (Harwich) Ltd Statement of Financial Activities

for the year ended 30 September 2023

Unrestricted funds 2023 £ 48,645 43,750 45	Total funds 2023 £ 48,645 43,750 45	Total funds 2022 £ 68,555 23,197 -
92,440 52,386 38,603	92,440 52,386 38,603	91,752 42,179 44,701
90,989 -	90,989 -	86,880 -
1,451 -	1,451 -	4,872 -
1,451	1,451	4,872
1,451 6,097	1,451 6,097	4,872 1,225
7,548	7,548	6,097

Page 4

The Horse Rangers Association (Harwich) Ltd Summary Income and Expenditure Account

for the year ended 30 September 2023

Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year	2023 £ 92,395 45 92,440 90,857 132 90,989 1,451 1,451	2022 £ 91,752 -
		91,752
		86,703 177
		86,880
		4,872
		4,872

Page 5

The Horse Rangers Association (Harwich) Ltd Balance Sheet

at 30 September 2023

Company No. 04828091 Notes 2023 £ Fixed assets Tangible assets 11 397 397 Current assets Debtors 12 447 Cash at bank and in hand 6,863 7,310 Creditors:Amount falling due within one year 13 (159) Net current assets 7,151 Total assets less current liabilities 7,548 Net assets excluding pension asset or liability 7,548 Total net assets 7,548 The funds of the charity Restricted funds 14 Unrestricted funds 14 General funds 7,548 7,548 Reserves 14 Total funds 7,548	2022 £ 529
	529 - 7,898
	7,898 (2,330)
	5,568 6,097
	6,097
	6,097
	6,097
	6,097
	6,097

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 2023 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 19 December 2023

And signed on its behalf by:

M. Mallettsigned on 19/12/2023, 21:21:29 GMT

Trustee

19 December 2023

Page 6

The Horse Rangers Association (Harwich) Ltd Notes to the Accounts

for the year ended 30 September 2023

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 7

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 8

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 9

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 £ - 48,645 48,645	Unrestricted funds 2022 £ 68,555 23,197 91,752 42,179 44,701 86,880 4,872 4,872 4,872 1,225 6,097 Total 2023 £ - 48,645 48,645	Total funds 2022 £ 68,555 23,197
			91,752 42,179 44,701
			86,880
			4,872
			4,872
			4,872 1,225
			6,097
			Total 2022 £ 7,000 61,555
			68,555

Page 10

The Horse Rangers Association (Harwich) Ltd Notes to the Accounts

5 Income from charitable activities

Fundraising Session fees School programmes and other income 6 Income from investments Bank interest received 7 Expenditure on charitable activities Expenditure on charitable activities Horse feed, care and equipment Governance costs 8 Other expenditure Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs	Unrestricted £ 2,771 22,031 18,948 43,750 Unrestricted £ 45 45 Unrestricted £ 52,386 52,386 Unrestricted £ 3,904 945 24,031 132 9,389 202 38,603	Total 2023 £ 2,771 22,031 18,948 43,750 Total 2023 £ 45 45 Total 2023 £ 52,386 52,386 Total 2023 £ 3,904 945 24,031 132 9,389 202 38,603	Total 2022 £ 3,403 14,702 5,092
			23,197
			Total 2022 £ -
			-
			Total 2022 £ 42,179
			42,179
			Total 2022 £ - 2,509 30,811 177 11,012 192
			44,701

Page 11

The Horse Rangers Association (Harwich) Ltd Notes to the Accounts

9 Net income before transfers

This is stated after charging: Depreciation of owned fixed assets Independent Examiner's fee 10 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 11 Tangible fixed assets	2023 £ 132 202 2023 3,326 3,326	2022 £ 177 192 2022 -
		-

Cost or revaluation At 1 October 2022 At 30 September 2023 Depreciation and impairment At 1 October 2022 Depreciation charge for the year At 30 September 2023 Net book values At 30 September 2023 At 30 September 2022 12 Debtors Other debtors 13 Creditors: amounts falling due within one year Loans from trustees Accruals	2023 £ 447 447 2023 £ - 159 159	Plant and machinery £ 12,745 12,745 12,216 132 12,348 397 529	Total £ 12,745
			12,745
			12,216 132
			12,348
			397
			529
			2022 £ -
			-
			2022 £ 2,174 156
			2,330

Page 12

The Horse Rangers Association (Harwich) Ltd Notes to the Accounts

14 Movement in funds

Restricted funds: Unrestricted funds: General funds Total funds 15 Analysis of net assets between funds Fixed assets Net current assets 16 Reconciliation of net debt Cash and cash equivalents Net debt	Incoming resources (including other gains/losses ) £ 92,440 92,440 At 1 October 2022 £	Resources expended £ (90,989) (90,989) Unrestricted funds £ 397 7,151 7,548 Cash flows £	At 30 September 2023 £ 7,548
			7,548
			Total £ 397 7,151
			7,548
			At 30 September 2023 £
	7,898	(1,035)	6,863
	7,898 7,898	(1,035) (1,035)	6,863
			6,863

17 Related party disclosures *Controlling party*

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 13

The Horse Rangers Association (Harwich) Ltd Detailed Statement of Financial Activities

for the year ended 30 September 2023

Income and endowments from: Donations and legacies Grants received Donations and memberships Charitable activities Fundraising Session fees School programmes and other income Investments Bank interest received Total income and endowments Expenditure on: Charitable activities Horse feed, care and equipment Total of expenditure on charitable activities Employee costs Salaries/wages Staff training Staff welfare 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	Unrestricted funds 2023 £ - 48,645 48,645 2,771 22,031 18,948 43,750 45 45 92,440 52,386 52,386 52,386 3,326 300 278 3,904 945 - 945 16,752 1,309 1,343 452 3,093 1,082 24,031	Total funds 2023 £ - 48,645 48,645 2,771 22,031 18,948 43,750 45 45 92,440 52,386 52,386 52,386 3,326 300 278 3,904 945 - 945 16,752 1,309 1,343 452 3,093 1,082 24,031	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

Page 14

The Horse Rangers Association (Harwich) Ltd Detailed Statement of Financial Activities

General administrative costs,

including depreciation and amortisation Depreciation of Plant and machinery Bank charges Equipment repairs and maintenance General insurances Postage and couriers 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 Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	132 194 3,366 3,882 195 50 250 20 1,432 9,521 202 202 38,603 90,989 - 1,451 1,451 - 1,451 6,097 7,548	132 194 3,366 3,882 195 50 250 20 1,432 9,521 202 202 38,603 90,989 - 1,451 1,451 - 1,451 6,097 7,548	177 102 3,037 3,183 - 124 331 61 4,174
			11,189
			192
			192

			44,701
			86,880 -
			4,872
			4,872 -
			4,872
			1,225
			6,097

Page 15

Signatures' technical details

`Signatures`

`mel.mallett@googlemail.com`

`Fingerprint`

19/12/2023, 21:21:29 GMT71243e91903a1dcc0115f8c7e1d2aa8a5a182ab2

`stuart@quantic-ac.co.uk`

20/12/2023, 02:59:33 GMT

`Fingerprint`

26f65a76289763d0c9f871f6e8d0a7c75f52306c

`Event log`

10.50.10.8319/12/2023, 02:05:32 GMT
Signing request created.
System19/12/2023, 02:05:35 GMT
Notification sent to mel.mallett@googlemail.com.
System19/12/2023, 20:57:58 GMT
Signing page opened by signee mel.mallett@googlemail.com.
System19/12/2023, 21:21:29 GMT
Signee mel.mallett@googlemail.com signed document.
System19/12/2023, 21:21:30 GMT
Notification sent to stuart@quantic-ac.co.uk.
System20/12/2023, 02:57:24 GMT
Signing page opened by signee stuart@quantic-ac.co.uk.
System20/12/2023, 02:59:33 GMT
Signee stuart@quantic-ac.co.uk signed document.
System20/12/2023, 02:59:34 GMT
Signing process completed.

`Summary`

`Summary`
`Envelope's ID:`	`2g6obnk9`
`Document's hash:`	`06b70167f2c41adcf041157fd3f3235dfcaf138766527f0d983d27b88db5a507`
`Final stamp:`	`20/12/2023, 02:59:36 GMT`

----- Start of picture text -----
Verification QR Code
----- End of picture text -----