REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
WINDSOR HORSE RANGERS LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
WINDSOR HORSE RANGERS LIMITED |
WINDSOR HORSE RANGERS LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
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 | 14 |
WINDSOR HORSE RANGERS LIMITED (REGISTERED NUMBER: 04768911) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MAY 2024 |
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 2024. 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 |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
WINDSOR HORSE RANGERS LIMITED (REGISTERED NUMBER: 04768911) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MAY 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
Ben Loveday |
Cooper Parry Advisory Limited |
First Floor, Davidson House |
Forbury Square |
Reading |
Berkshire |
RG1 3EU |
Approved by order of the board of trustees on |
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 2024. |
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 |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. |
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 |
The Association of Chartered Certified Accountants |
Cooper Parry Advisory Limited |
First Floor, Davidson House |
Forbury Square |
Reading |
Berkshire |
RG1 3EU |
25 February 2025 |
WINDSOR HORSE RANGERS LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 MAY 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Other trading activities | 3 |
Investment income | 4 |
Total |
EXPENDITURE ON |
Raising funds | 5 |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 232,998 |
WINDSOR HORSE RANGERS LIMITED (REGISTERED NUMBER: 04768911) |
BALANCE SHEET |
31 MAY 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Stocks | 11 |
Debtors | 12 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 14 |
Unrestricted funds | 136,941 |
Restricted funds | 96,057 |
TOTAL FUNDS | 232,998 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
WINDSOR HORSE RANGERS LIMITED (REGISTERED NUMBER: 04768911) |
BALANCE SHEET - continued |
31 MAY 2024 |
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 |
WINDSOR HORSE RANGERS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
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 | - |
Improvements to property | - |
Fixtures and fittings | - |
Motor vehicles | - |
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. |
WINDSOR HORSE RANGERS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
2. | DONATIONS AND LEGACIES |
2024 | 2023 |
£ | £ |
Donations and grants |
Gift aid |
Subscriptions |
3. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
£ | £ |
Surplus/(deficit) on uniform sales |
Surplus/(deficit) on canteen activities |
4. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Interest receivable |
5. | RAISING FUNDS |
Raising donations and legacies |
2024 | 2023 |
£ | £ |
Support costs |
6. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
WINDSOR HORSE RANGERS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
7. | TRUSTEES' REMUNERATION AND BENEFITS |
One of the trustees has been paid remuneration from an employment with their charity during the financial year. |
Under the provisions set out in the Articles of Association, S Denham-Gallagher was paid a salary of £36,419 (2023: £34,226) for her position as Equine Director. |
An Equine Director is required to run the farm Monday to Friday, allowing children and young people to come in and assist on the farm at weekends. |
Pension contributions paid during the period were £475 (2023: £nil). |
No other employment benefits were provided. |
Trustees' expenses |
During the year ended 31 May 2024 trustees received reimbursements of expenses incurred on behalf of Windsor Horse Rangers Ltd. |
Sundry costs amounting to £824 were reimbursed to two trustees in the year. |
Horse upkeep costs amounting to £709 were reimbursed to two trustees in the year. |
Stationery costs amounting to £196 were reimbursed to two trustees in the year. |
Travel costs amounting to £81 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 (2023 - Nil). |
8. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Administration |
WINDSOR HORSE RANGERS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 116,571 | 77,331 |
TOTAL FUNDS CARRIED FORWARD | 136,941 | 96,057 | 232,998 |
WINDSOR HORSE RANGERS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
10. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Improvements | and | Motor |
property | to property | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 June 2023 |
Additions |
At 31 May 2024 |
DEPRECIATION |
At 1 June 2023 |
Charge for year |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
11. | STOCKS |
2024 | 2023 |
£ | £ |
Finished goods |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Prepayments |
WINDSOR HORSE RANGERS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accrued expenses |
14. | MOVEMENT IN FUNDS |
Net |
movement |
At 1/6/23 | in funds | At 31/5/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 136,941 | (13,597 | ) | 123,344 |
Restricted funds |
Restricted Fund | 96,057 | 25,349 | 121,406 |
TOTAL FUNDS | 11,752 | 244,750 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 267,806 | (281,403 | ) | (13,597 | ) |
Restricted funds |
Restricted Fund | 46,271 | (20,922 | ) | 25,349 |
TOTAL FUNDS | ( |
) | 11,752 |
WINDSOR HORSE RANGERS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
14. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement |
At 1/6/22 | in funds | At 31/5/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 116,571 | 20,370 | 136,941 |
Restricted funds |
Restricted Fund | 77,331 | 18,726 | 96,057 |
TOTAL FUNDS | 193,902 | 39,096 | 232,998 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 263,638 | (243,268 | ) | 20,370 |
Restricted funds |
Restricted Fund | 29,918 | (11,192 | ) | 18,726 |
TOTAL FUNDS | 293,556 | (254,460 | ) | 39,096 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement |
At 1/6/22 | in funds | At 31/5/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 116,571 | 6,773 | 123,344 |
Restricted funds |
Restricted Fund | 77,331 | 44,075 | 121,406 |
TOTAL FUNDS | 193,902 | 50,848 | 244,750 |
WINDSOR HORSE RANGERS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
14. | MOVEMENT IN FUNDS - continued |
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 | 531,444 | (524,671 | ) | 6,773 |
Restricted funds |
Restricted Fund | 76,189 | (32,114 | ) | 44,075 |
TOTAL FUNDS | 607,633 | (556,785 | ) | 50,848 |
15. | RELATED PARTY DISCLOSURES |