REGISTERED COMPANY NUMBER: (112J1118 (England and W¥les} REGISTERED CHARITY NUMBER: 297961 ort of tbe Trn$tees and Unauditfd FIDancial Stateme ts lor the Y¢¥T Ended 31 December 2023 for The Amerlc*n uart@r Horse As50a8ti0 UK Limited Willis Cooper Limited Unit 6 Heritage Busin¢Ss Centre D¢rby Road Belp¢r Derbyshite DE56 ISW The An)erifan art¢r Horse AMotiation UK Limlted Contents of the FlnanciAI Ststements (or tht Year Ended 31 Deeember 21123 Pag¢ Rtport of¢h¢ Tnutet3 I to 4 Independent EAaJDiD¢r's R¢pOrt St*tement of Fin8n¢i#l A¢tlvltl¢s Balanee Sheet 7 to 8 Notss to the Flnanclal Stat¢weJlS 9 to 14 Detai]td StgtsmtDt of FiD*ncial Aedvldes IS to 16 The American ugrter Horse A550¢iation UK Lin)ited Re ort of the Tr￿Ste¢S for the Year EDded 31 December 21123 The trus*e3 who are also dir￿lor9 of the Charity for the purposes of the CoJ)panies Act 21)06, PT¢%¢nt their report with t￿¢ rinancial statemeDi% of the charity for the year ended 31 December 2023. The tru5ttts have a(iopt¢d the proi'i4ions of Accounting and R¢porting by CharitLes-. St4t¢m¢nt of Recommended Prattice applicable to ¢hariti¢$ preparing their accouuts in artordatt¢¢ wilh th¢ Financial Reportt"ng Standard wlicabl¢ in th¢ UK and Republic of Ireland (FRS 102) (efTeLtive l January 2019). OBJECTIVES AP4D ACTtVlTIES The prin¢ipal activilies and charitabl¢ objectives of the Association are outlined in L)UT Mission Ststement: To promote the brnediDg and use of the Americall Quart¢r Hors¢ in the Uniied KiD8dotll. ro provide bet%¢ficial serviecs for ils that enhance and ¢n¢ourag¢ AmeTÉC&th Quarter Hnrse ownership attd parti¢ipatiOTJ. To 8cneratc growth of AQHA-UK mwnber$hip via the marketing. PTomotion. adveni$io8 and publi¢ity lif the AmcTicarL Qu8tT¢r Hors¢. To encourage young people to participate in equestrian b&ssJ sport using th¢ American Quarter Horse. To priiiiiote ¢ducatiord pmgrarnmts and mat¢rials ihat improve horscmjnship skilly and the welfare of the Am¢Tic4n Quarter Hors¢. To ethi¢al¢ h{￿se owners and th¢ public r¢￿￿￿l￿g the ben¢fit of registering cligible Quarter HoTS¢S with the AQHA as well as th¢ AQHA-UK. To advan0¢ th¢ ed￿ation of th¢ public by cntOUT8git)% qu4lity breeding with a view to 5rnproving and 1￿Creasing the numbers of the bleed. ACHIEVEMENTS Af4D PERFORf*lANCE The niejnbership year tor all is from I" Junuary to 31" De¢ember and in¢ludes Youth. Family and Athilt categories. Member5 Teceive an inforn￿tiOn pth¢k a% well Is an aDnual joumaL Memb¢r benefits includ¢'. Access t(> a website of curreDt as well 8$ 2r¢hive inforniaiion &bout th¢ Association gnd the QuDrter Hone. M¢mb¢r disroullts for passport and r¢8istrdtion fce& Aiinual Journal. M¢Tnb¢rship numbcrs hav¢ been d¢¢liDiDg ATMJ G)un¢il have no plans to in¢re&s¢ feeb ill 2024 in lighi of the economi¢ ¢lim8t¢. The Associ￿lon ba$ imptemented a tsew We￿as•j platftsm W￿"¢h has proved suec¢ss￿l wittL' Hostiug the meml)ersbip database. in ￿11 ac¢ordatt¢e with GDPR. Enabling single ¢liek purchasing of ll)¢rnbershiplmerehandise. Enabling automated em4115 tt> all m¢mbers or V¢ %lectlOD of members. Enablin8 Ncwslelt¢r g¢n¢rntion {currently wt 5¢nd 0￿1 approximately four p¢r y¢ar on a s¢parnt¢ pl&iform). The journal is posted to au mewbern in December and 1$ always a popular part of the rnembership beTh¢fits. It has increased over the y¢ars to 72 ptsges and the aim is to fither expartd th¢ content. Th¢ Youth pro8r4mm¢ a n¢w Youth Dkrector who is an ex-metnber of youth lea￿ aDd is workxng on a progranune ul. ¢vth)ts for 2024 which will in¢lud¢ ￿UCatiOn a5 well as pra¢iical tyition and guidance. The A%￿l￿(lOn welcomes young people frorn all backgrounds as th¢re 4T¢ facilitits to loan horses &8 a¥Jd when required for those who do ot horse. Pa8¢ 1 The Amerlcan u4rter HTrr￿ A$50CWtlon UK Limlted rt of the Trn$tees for the Ye8r Ended 31 Decemb¢r 21123 ACHIEVEMETrII8 AND PERFORMANCE (contitiutd) Thc Get On And Ride schem¢ is for members who wish to gaitt poinis and awards for hacking oui with th¢ir hvf5C5. We now have eight members who have teached l(X>O hours (maximum award) and have won bespoke bu¢kle$. We have extended the programme with GOAR Plus. prtsviding oppomloiiies for those who hav¢ T¢ached 1000 hows maximum. This piogTan]me Cu￿¢￿tIY has 2 memb¢r$ who oiherwisL would b¢ ¢x¢l￿d￿ and will encourage others to join. Our Annual Championship Sbow took place in S¢pt¢mber, along with a number of smaller evenLN during the year. The thow was not the su¢¢ess we had hopcd for attd made A loss. Competitors points and awards Dot only with this A&qo¢iallon but witb the AQHA and British Reining. and for the Cir￿1 time also with NBHA UK did a demo and held OUT Jnttrnational Director attended the AQHA Annual Conv¢ntion in the USA and has also attended European meetings in ¢ither person or by Yideo link. Coun¢il know it is essential lor cdu¢atioDal &8 well business purp05e5 to meet with worldwide atfiliates and dire¢tors of intern￿lon&1 assi>¢iation5. Vid¢0 meetin89 ¢tsntinu¢ to ￿¥¢ Ihe Association tr&v¢l eApensc. The AQHA-UK continues to be on Affiliate of the Sbowing Cowicil benefitting fivTn their rLsuurces. The advaDtag¢s inelude assist8n¢¢ alld advice ￿ a wlde r￿¢ of ]natteTS includin8 saf¢guardiD8, health and safety, w¢lfar¢ and many nwre polKies and areas of expertis¢. Association maintsin5 Ihe UK studlx)ok for the Quhrter Hors¢ otyl continue5 to be a PASSPQrt Issuing Offic¢ for th¢ Quarter Horse in the UK slld ]Trthtnthins the UK $bJdbook inforniing m¢mbers of current UK legislation. Latest news and p)li¢ies are T¢gularly updated io the w¢bsit¢. DuTing th¢ last year Coun¢il 8ain¢d one u¢w memb¢r who is now our Youth Dir¢¢ior. Th¢ n¢w Arli¢1￿ of Associau(m w¢r¢ •¢C¢PLed at the 2023 AGM. Council h&8 continutd to work hard to meet its obligations to.. Moniior and me¢t legi51ativ¢ ¢hang¢slrequiranents. Monilor and me¢t govemment dire¢tiv¢s. Upd•te and eDsur¢ appropriaie In%ur4nce advice is follow¢d. This has been an imniensebody of work for Co￿¢11 Tn¢mbers bui is achi¢vable wiihin dcsired iimefram¢. JnsuraDc¢ has increased throughout the pasi year, but the Asso¢iatson in place all r¢quJr¢d insutan¢¢s for the Charity. Liniited cOrnpa￿Y. and tquine purpos￿. P&g¢ 2 Tbe America arter Horse A5so¢i#ilon UK Limited Re rt o(the Trustee for the Y¢4r End¢d 31 December 2023 FINANCIAL REVIEW RtsenTe# poliey The Association akms ts) hold fittaThcial reSe￿¢S thai ¢ov¢r on¢ yeaes outgoing rtsourc¢s. As at 31 December 2023 th¥ A&%ociation held unrcstricted re%rv¢5 4mountin8 10 £40.945 (2022.. £39,I51). The net incoming resources for th¢ yeat amounted io £1,435 {2022.. £5.282). This arnount h&$ been add¢d to the reserves bTh)u8ht forward leaving fund balan¢¢5 of £52,535 {2022.. £51,IOOI at the ycar end. STRUCTU￿ GOVERNAIYCE AND MANAGEMEf4T Governing Th¢ AsSOClation is a Ch￿l￿ble ￿Mpally limited by guaralltee. illcorporat¢d on 24 October 1975 and registered as a charity on 19 January 1988. The company w&$ esiablished under 4 Memorandum of Association which estsblished the objects and powers of the charitable company and is governed by its Articles of Asso¢iation. The A&80eiation is a]*0 full Affiliat¢ of the Ameri¢att Quartcr Horse Association in the USA, l￿d ￿ swh must fulfil all requirem¢nts of their rul¢s fi)r breedine fynd 5bowin8 (brtei Hois¢s. Recrultmtnt Amd g4ppoln¢ment of new trusltr$ The dirfftors of the rompany are a]so charity trustees for th¢ PUryM>S¥% of ch￿lty law and und¢r th¢ Go￿p#s)Y,$ Artieles arc as m¢mb¢rs of the Cuuncil. The Coun¢il 1$ A mioimLEm of fiv¢ p¢ople with nts upper limit. Coll￿clI member$ are elected for a period of three yeats and ¢)igible for res (wwth19 kl•x¢kn SJ141 R ORthMy LKtho¢th Ainky T Sptthr Mwth2(Q4) TGte•vO•(4w￿￿J I l m￿ts 2023) URI* 6 Lt￿Y R 61SW knha]fty: P*54 ndent Ex•mlner's Re rt to the Trn$teex of The Amerlc¥Jn uarter Horse As$n¢t#tity LK Limited llldepeDdeD¢ eKamln*r'8 report to the tru51et8 of The Quarter Hom Asso¢lAtlon UK Limited ('th¢ C•mp*Dy') I report to the ¢l)arity tr￿leeS on My cx8minuiiotL of the accounts of th¢ Company for the yeat ended 31 D¢e¢mber 2023. Re&pon$ibllltles and ba$is of Teport As the Chan'tys tru8tce5 of the Company (at)d o]so its diTectors for the purp(18¢s of ¢onwatsy lawl you are r￿ponSible tor th¢ pr¢paration oftlie acLwunts in ac¢ord4nc¢ with the requirements of the Companies Act 2006 (Ih¢ 2006 Act,). H3viu8 satisfied myself that tFK acLX)ullts of the CompaDy 4r¢ required to ke audit¢d wid¢r Part 16 of the 2006 Act and ar¢ ¢ll￿b]e for Inde￿￿denT ¢xamitiation, I rcport in respect of my ¢xaMin￿l0￿ of your ¢harity'b aLcouThis as ¢arri out under s¢¢tion 145 of the Chariiies Act 2011 ('th¢ 2011 ACV). tn ¢arrying out rny examination I have followd the Directions wven by the Clwity Commission under seciion 145(5) (b) of the 2011 Act. Independent tXAmlner'$ $tstemellt I bav¢ completed my examin#Èion. I confirni that no matten have come to my attention in cowieciion with the ¢xaTninati¢)n giving cause to believe any material respect.. Th¢ ￿COUnting reci)rds were not kept in accordanc¢ with s¢¢tiun 130 of the Ch￿Ill¢S ACL or the ￿t(￿]ntS do not a¢eord with th¢ accounting records. OT th¢ accounts did not comply with the wlicable requirements concerning th¢ for]n and content of accounts set out in the Chatities (A¢¢ounts and Repotts) Regulations 2008 or sethion 396 of the 2006 Act otheT than any r¢quimJ¢nt that the accounts giv¢ & 'true and fair, vi¢w which is llot a matter con5id¢rd as part of a itidependent examinrdtion. I have no ¢on¢erDs and bave Come across Jjo other ￿atterS in connection with the examination to which altenlion should bc drawn in this report in order io enable a Proper understanding of the atcounts (o b¢ reaehed. R Cooper Wllliy Cooper L5mit¢d Unit 6 H¢riLige Bu8ines5 Centr¢ Derby Road Belp¢r Derbyshire DE56 ISW Date: 18- 9- 2024 Page 5 TheAmerican uarter Horie Assoclatlon UK Limited Siatemfnt of Financial Actlirfthes for th¢ Y¢fir Ended 31 December ZOLI 31.12.23 Tolal Funds 31 12.22 Total Funds UDrestiict¢d Fund Youth Fund F￿ll[lty Fwid Notes ENDOWMEiYfs FROM Donations arrfl leg￿leS 14,637 14,637 15,911 Charitlblt ¥¢tlvltles Registration f¢¢$ 10,090 10,090 8.755 Other tradin8 a¢tivits¢s InY¢stm¢nt in¢ome 26202 907 956 27,158 907 38,236 ioi Totsl 51.836 956 52.792 63.003 EXPENDVVURE or*. Raisin8 fim( 29.887 450 865 31,202 35,547 Ch%rStable actlvltfiei R¢8istration fees 10,301 10,301 9.854 Tot*1 50,042 450 865 51.357 57,721 NET INCOME 1.794 (450) 91 1,435 5282 RECONCILIAT10Tr4 OF Total funds brought forw8rd 39,151 7.387 4,562 51,100 45,818 TOTAL FUNDS CARRIED FORWARD 40.945 51,100 Th¢ notes forni part of thGs¢ fjnancwl statetn¢nts Pase 6 The Amerl¢*n 114rter Horse Assori#tion UK Limited Bal&nee Sheet 31 Deeember 2O2J 31.12.23 Total Funds 3K.I2.22 Totsl Funds Unr¢stri¢t¢d Fund Yt)utb Fund Futiuity Fund Notts FIXED ASSETS Tangible ￿Sets 150 150 313 CURRENT ASSETS Stocks Debtors Pr￿ay[￿ents 8nd in¢om¢ Cash ai baJJk 5,5 1,717 5,51KI 1,717 6,000 1,438 12 6,937 51,963 51 47J90 6,937 4,653 59.180 58.781 CREDrroRS Amounts falling du¢ within one 13 (6.795) (6.795) (7.994) NET CURRETrrr ASSETS 40.795 4,653 52,385 50.787 TOTAL ASSETS LESS CURREIYT LIABJLITIES 40,945 6,937 4.653 52.535 51.1(K> NET A&SETS 40.945 6,937 52,535 FUNDS Unrestricted tunds R¢$tri¢ted fLmds 14 40,945 11,590 39,151 TOTAL FUF4DS 52.535 For the year ￿ldIng 31 December ?023 the ¢baritabl¢ company is ¢ntitied ￿ ¢x¢mplion from audit under Sectton 477 of th¢ Compa￿le% Act 2006 ￿lating to snyall ¢ompani¢s. The m¢mbers have t￿t requJThl the ¢ompatty to obtain an audit in a¢coftl8nce with SertÉon 476 of the CoD)ptinies Act 2006. The trustees a¢knowledge th¢ir responsibilities for (8) ¢nsurin8 that lh¢ ¢haTitsbl¢ w[Dp￿Y keep$ a¢countin8 records that Comply with Srftions 386 and 387 of th¢ Companie5 Ati 2006 and preparing fit)anci81 statements which give 4 trne and fair view of th¢ stai¢ of affairs of the ebari¢•ble company a5 at the end of ea¢h fiDon¢ial ye8r alld of its surplus or defieit for eaGh fitwlcial year in awordance with the requirements of Sectiolls 394 attd 395 urtd which otherwise Comply with the requirem¢nls of the Companies A¢t 2006 relating to fjna0¢i￿ stat¢D)ents, so far as appli¢abl¢ to the ¢haritable ¢omp4my. O)) The noles fornj part of these financial ￿ateM¢llts Page 7 continucd... Th¢. Ameriun uarter Horse A5$0CiAtiTrn UK Llmlted I'otes 10 the FiDHnclo1 Ststementg for th£ Year EDded 31 December Z023 ACCOIJNTINC POLICIES Bxsii of prepiring the lknan£lAI st8tem¢nts The finat)ci41 statements of the charitable ¢ompany, which is a public benefii entity under FRS 102, hav¢ been prepared in a￿or￿an¢¢ with the CharitÈC5 SORP (FRS 102) 'Accounting and Reporting by Charities: Ststemeni of Reton)mended PTa¢ti¢¢ applicable to charities preparing their a¢¢ounts in accordance with tbe Financial R¢porting StaDdurd applicable in the UK at￿ Republir of Irrlalld IFRS 1021 leffechve l January 2019),, Financial Repurting Sithidard IU2 Yhe Financial Reporting Standord applicable iii the UK and R¢public of Ireland, and the Companies Aet 2006. lThe find￿1￿] stst¢m¢nts have been prepared uThkr the hi&torical cost conv¢ntiOn. In¢ome All itKome is ￿￿gnised in the Stotement of Finan¢ial Activitie5 once the clwity h&s ¢ntitlement to the fiujds, jt is prtsbable tl]at the inci>me will be r¢c¢ivtd and the amount Can b¢ meAsured r¢liably. Expendlture Liabiliti￿ ar¢ recognised as expendinre as soon as IlJere is a legal or ¢on$uuctive obligation COTJmiilting the ¢harity lo that expenditure, Lt is probable that a trdDsfer of economic b¢n¢fii.% w ill bc required in settlement and the am04mt of th¢ obltgation can be nKasurd ieliably. Exp¢nditure is accounted for on an ac¢Tuals basis and has been classified under h¢ath"tW ttmt aggregate all cost related to the categtsry. Wh¢r¢ costs cannot bc diwtly aliributed to particul95 headings thcy hav¢ be¢Th 8llocat¢d 10 aLli￿tieS on F4 basis ￿nSistent with th¢ us¢ or ]rsouw¢s. T*thglble Ilx¢d assets Depreckation is provid¢d at the followittg &Mnual rates in ord¢r to write off eacb asset over its ¢stimat¢d usefi lif¢. Comwter