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2021-05-31-accounts

REGISTERED COMPANY NUMBER: 04768911 (England and Wales) REGISTERED CHARITY NUMBER: 1115854

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020

FOR

WINDSOR HORSE RANGERS LIMITED

Haines Watts Advantage 87 Castle Street Reading Berkshire RG1 7SN

WINDSOR HORSE RANGERS LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15

WINDSOR HORSE RANGERS LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2020

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 May 2020. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The main objectives of the charity is to provide education in horsemanship and character training, physical mental and spiritual, for children and young persons under the age of 21 including handicapped children and young people who are resident in the United Kingdom through the provision of facilities for riding and the teaching of horsemanship.

Significant activities

During the year the charity continued to achieve it aims of educating children in the care of horses.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04768911 (England and Wales)

Registered Charity number

1115854

Registered office

Hedgerows Forest Green Road Fifield, Maidenhead Berkshire SL6 2NR

Trustees

Mrs K A Meade Director/Trustee Mr J R Ridgway Director/Trustee Mrs S Denham-Gallagher Trustee Mr B Clarke Trustee Mrs D Fraser Trustee (resigned 12.2.20) Mrs C Haly Director/Trustee Ms M Bell Trustee Ms E Jaques Trustee (appointed 12.2.20)

Company Secretary

Mrs C Haly

Page 1

WINDSOR HORSE RANGERS LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2020

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Ben Loveday Haines Watts Advantage 87 Castle Street Reading Berkshire RG1 7SN Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.............................................................. Mrs C Haly - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WINDSOR HORSE RANGERS LIMITED

Independent examiner's report to the trustees of Windsor Horse Rangers Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2020.

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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company 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 accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts 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 accounts to be reached.

Ben Loveday Haines Watts Advantage 87 Castle Street Reading Berkshire RG1 7SN

Date: .............................................

Page 3

WINDSOR HORSE RANGERS LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2020

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
66,676
Other trading activities
3
145,205
Investment income
4
54
Total
211,935
EXPENDITURE ON
Raising funds
5
92,426
Charitable activities
Activity related expense
81,072
Premises expenses
24,678
Other
6,425
Total
204,601
NET INCOME/(EXPENDITURE)
7,334
RECONCILIATION OF FUNDS
Total funds brought forward
152,990
TOTAL FUNDS CARRIED FORWARD
160,324		 Restricted
fund
£
11,869
-
-
11,869
-
1,597
1,290
-
2,887
8,982
44,592
53,574		 2020
Total
funds
£
78,545
145,205
54
223,804
92,426
82,669
25,968
6,425
207,488
16,316
197,582
213,898		 2019
Total
funds
£
57,274
134,471
48
191,793
86,892
78,990
26,723
6,699
199,304
(7,511)
205,093
197,582

The notes form part of these financial statements

Page 4

WINDSOR HORSE RANGERS LIMITED

BALANCE SHEET 31 MAY 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
10
78,246
CURRENT ASSETS
Stocks
11
1,728
Debtors
12
22,668
Cash at bank
65,109
89,505
CREDITORS
Amounts falling due within one year
13
(7,427)
NET CURRENT ASSETS
82,078
TOTAL ASSETS LESS CURRENT
LIABILITIES
160,324
NET ASSETS
160,324
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
6,706
-
-
46,868
46,868
-
46,868
53,574
53,574		 2020
Total
funds
£
84,952
1,728
22,668
111,977
136,373
(7,427)
128,946
213,898
213,898
160,324
53,574
213,898		 2019
Total
funds
£
105,194
1,771
5,684
99,893
107,348
(14,960)
92,388
197,582
197,582
152,990
44,592
197,582

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 5

WINDSOR HORSE RANGERS LIMITED

BALANCE SHEET - continued 31 MAY 2020

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:

............................................. Mrs C Haly - Trustee

The notes form part of these financial statements

Page 6

WINDSOR HORSE RANGERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020

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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - Straight line over 10 years
Improvements to property - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Stocks

Stocks 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 can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 7

WINDSOR HORSE RANGERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2020

2.
DONATIONS AND LEGACIES
Donations and grants
Gift aid
3.
OTHER TRADING ACTIVITIES
Subscription income
Surplus/(deficit) on uniform sales
Surplus/(deficit) on canteen activities
4.
INVESTMENT INCOME
Interest receivable
5.
RAISING FUNDS
Raising donations and legacies
Support costs
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Surplus on disposal of fixed assets		 2020
£
40,929
37,616
78,545
2020
£
142,531
1,005
1,669
145,205
2020
£
54
2020
£
92,426
2020
£
21,225
(50)		 2019
£
26,514
30,760
57,274
2019
£
131,002
879
2,590
134,471
2019
£
48
2019
£
86,892
2019
£
23,215
(1,950)

Page 8

WINDSOR HORSE RANGERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2020

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2020 nor for the year ended 31 May 2019.

Trustees' expenses

During the year ended 31 May 2020 trustees received reimbursements of expenses incurred on behalf of Windsor Horse Rangers Ltd.

Repair and renewals costs amounting to £274 were reimbursed to one trustee in the year.

Sundry costs amounting to £483 were reimbursed to three trustees in the year.

Horse upkeep costs amounting to £197 were reimbursed to two trustees in the year.

Stationery costs amounting to £2 were reimbursed to one trustee in the year.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2019 - Nil).

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

9.

Administration
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
48,095
Other trading activities
134,471
Investment income
48
Total
182,614
EXPENDITURE ON
Raising funds
86,892
Charitable activities
Activity related expense
77,774
Premises expenses
26,723
Other
6,699
Total
198,088		 2020
7
Restricted
fund
£
9,179
-
-
9,179
-
1,216
-
-
1,216		 2019
4
Total
funds
£
57,274
134,471
48
191,793
86,892
78,990
26,723
6,699
199,304

Page 9

WINDSOR HORSE RANGERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2020

9. COMPARATIVES FOR THE STATEMENT COMPARATIVES FOR THE STATEMENT COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
NET INCOME/(EXPENDITURE) (15,474) 7,963 (7,511)
RECONCILIATION OF FUNDS
Total funds brought forward 168,464 36,629 205,093
TOTAL FUNDS CARRIED FORWARD 152,990 44,592 197,582
10. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£ £ £ £ £
COST
At 1 June 2019 49,000 209,075 39,757 15,000 312,832
Additions - - 983 - 983
Disposals - - (2,335) (1,000) (3,335)
At 31 May 2020 49,000 209,075 38,405 14,000 310,480
DEPRECIATION
At 1 June 2019 - 160,020 36,285 11,333 207,638
Charge for year - 17,884 1,824 1,517 21,225
Eliminated on disposal - - (2,335) (1,000) (3,335)
At 31 May 2020 - 177,904 35,774 11,850 225,528
NET BOOK VALUE
At 31 May 2020 49,000 31,171 2,631 2,150 84,952
At 31 May 2019 49,000 49,055 3,472 3,667 105,194

Page 10

WINDSOR HORSE RANGERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2020

11.
STOCKS
Finished goods
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
14.
MOVEMENT IN FUNDS
At 1.6.19
£
Unrestricted funds
General fund
152,990
Restricted funds
Restricted Fund
44,592
TOTAL FUNDS
197,582		 2020
£
1,728
2020
£
1,734
-
20,934
22,668
2020
£
4,249
861
196
2,121
7,427
Net
movement
in funds
£
7,334
8,982
16,316		 2019
£
1,771
2019
£
-
957
4,727
5,684
2019
£
10,586
573
66
3,735
14,960
At
31.5.20
£
160,324
53,574		 2019
£
1,771
2019
£
-
957
4,727
5,684
2019
£
10,586
573
66
3,735
14,960
213,898

Page 11

WINDSOR HORSE RANGERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2020

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS
Comparative net movement in funds, included in the above
Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
211,935
11,869
223,804
At 1.6.18
£
168,464
36,629
205,093
are as follows:
Incoming
resources
£
182,614
9,179
191,793		 Resources
Movement
expended
in funds
£
£
(204,601)
7,334
(2,887)
8,982
(207,488)
16,316
Net
movement
At
in funds
31.5.19
£
£
(15,474)
152,990
7,963
44,592
(7,511)
197,582

Resources
Movement
expended
in funds
£
£
(198,088)
(15,474)
(1,216)
7,963
(199,304)
(7,511)

Page 12

WINDSOR HORSE RANGERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2020

14. 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		 At 1.6.18
£
168,464
36,629
205,093		 Net
movement
in funds
£
(8,140)
16,945
8,805		 At
31.5.20
£
160,324
53,574
213,898

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

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
394,549
21,048
415,597		 Resources
Movement
expended
in funds
£
£
(402,689)
(8,140)
(4,103)
16,945
(406,792)
8,805

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2020.

Page 13

WINDSOR HORSE RANGERS LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2020

INCOME AND ENDOWMENTS
Donations and legacies
Donations and grants
Gift aid
Other trading activities
Subscription income
Surplus/(deficit) on uniform sales
Surplus/(deficit) on canteen activities
Investment income
Interest receivable
Total incoming resources
EXPENDITURE
Charitable activities
Other costs - activity related expenses
Other costs - premises expenses
Depreciation of improvements to property
Depreciation of fixtures and fittings
Depreciation of motor vehicles
Other
Computer and software
Vehicle expenses
Repairs and maintenance
Profit on sale of tangible fixed assets
Support costs
Finance
Bank charges
Governance costs
Wages
Carried forward		 2020
£
40,929
37,616
78,545
142,531
1,005
1,669
145,205
54
223,804
79,372
8,085
17,883
1,824
1,517
108,681
381
678
5,416
(50)
6,425
(750)
79,377
79,377		 2019
£
26,514
30,760
57,274
131,002
879
2,590
134,471
48
191,793
74,436
8,060
18,663
2,104
2,450
105,713
360
2,262
6,027
(1,950)
6,699
32
71,024
71,024

This page does not form part of the statutory financial statements

Page 14

WINDSOR HORSE RANGERS LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2020

Governance costs
Brought forward
Insurance
Telephone
Postage and stationery
Sundries
Accountancy and legal fees
Legal fees
Total resources expended
Net income/(expenditure)		 2020
£
79,377
7,551
461
504
2,449
1,961
829
93,132
207,488
16,316		 2019
£
71,024
7,576
468
216
2,181
1,977
3,418
86,860
199,304
(7,511)

This page does not form part of the statutory financial statements

Page 15