THE AMERICAN QUARTER HORSE ASSOCIATION UK LIMITED
Registered charity 297961 · accounts filings on the Charity Commission register · also known as AQHA UK, BRITISH QUARTER HORSE ASSOCIATION LTD, THE AMERICAN QUARTER HORSE ASSN UK
This company is membership based and actively promotes Horse Sport and recreational activities with emphasis on training our Youth to compete Internationally e.g. Europe and U.S.A. These youth events are held annually. We also make donations to horse related charities e.g. Animal Health Trust.
Causes: Education/training · Amateur Sport · Animals · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £52,191, meeting the trustees' policy target of covering one year's outgoing resources. The charity reported a net incoming resource of £11,349 for the year, resulting in total funds carried forward of £63,884. The trustees confirmed that accounting records were kept in accordance with legal requirements and no matters arose during the independent examination that would cause concern regarding the charity's financial position.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: one year's outgoing resources (held: £52k)
“The Association aims to hold financial reserves that cover one year's outgoing resources.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: R O'Reilly received administration fees of £2,936.
“During the year the charity was charged administration fees totalling £2,936 by R O’Reilly, a director of the company.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: R O'Reilly is a director/trustee. The document states 'There were no related party transactions during the year' in Note 15, but Note 9 discloses administration fees charged by R O'Reilly. Under strict extraction rules, Note 15 explicitly denies related party transactions, but Note 9 discloses a payment to a director. I will extract the Note 9 detail as it is a specific disclosure of a payment to a trustee/director, which is a related party transaction. The 'no related party transactions' likely refers to other than disclosed ones or is an error. I will extract the Note 9 item as it is a specific disclosure of a trustee payment, which is a related party transaction, which is the definition of a related party transaction in charity accounts, whereas Note 15 might be referring to non-trustee related parties or is a boilerplate error. Actually, looking at the strict rule 'NEVER guess', if Note 15 says 'no related party transactions', I should probably respect that unless Note 9 is explicitly labeled 'Related Party'. Note 9 is 'Trustees' Remuneration'. This IS a related party transaction. I will extract it. The conflict is in the text. I will extract the Note 9 transaction as it is the most material and specific disclosure involving a trustee/director.
“During the year the charity was charged administration fees totalling £2,936 by R O’Reilly, a director of the company. Amounts due to R O’Reilly at the year-end totalled £225.” — page 13
“During the year the charity was charged administration fees totalling £2,936 by R O’Reilly, a director of the company. Amounts due to R O’Reilly at the year-end totalled £225.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: R O'Reilly is a director/trustee. The document states 'There were no related party transactions during the year' in Note 15, but Note 9 discloses administration fees charged by R O'Reilly. Under strict extraction rules, Note 15 explicitly denies related party transactions, but Note 9 discloses a payment to a director. I will extract the Note 9 detail as it is a specific disclosure of a payment to a trustee/director, which is a related party transaction. The 'no related party transactions' likely refers to other than disclosed ones or is an error. I will extract the Note 9 item as it is a specific disclosure of a trustee payment, which is a related party transaction, which is the definition of a related party transaction in charity accounts, whereas Note 15 might be referring to non-trustee related parties or is a boilerplate error. Actually, looking at the strict rule 'NEVER guess', if Note 15 says 'no related party transactions', I should probably respect that unless Note 9 is explicitly labeled 'Related Party'. Note 9 is 'Trustees' Remuneration'. This IS a related party transaction. I will extract it. The conflict is in the text. I will extract the Note 9 transaction as it is the most material and specific disclosure involving a trustee/director.
“During the year the charity was charged administration fees totalling £2,936 by R O’Reilly, a director of the company. Amounts due to R O’Reilly at the year-end totalled £225.” — page 13
“During the year the charity was charged administration fees totalling £2,936 by R O’Reilly, a director of the company. Amounts due to R O’Reilly at the year-end totalled £225.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.
- Nicholas Ainley MBEchair
- Cat Diggines
- Clare Emma Hatchard
- Helen Margaret Miller
- Leigh Cheetham · trustee of 1 other charity
- Sandra May Loder
Trustee list from the Charity Commission register (current, not historical).
Operates in: Northern Ireland · Scotland · Throughout England And Wales
Income and spending
Common questions
Is THE AMERICAN QUARTER HORSE ASSOCIATION UK LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £52,191, meeting the trustees' policy target of covering one year's outgoing resources. The charity reported a net incoming resource of £11,349 for the year, resulting in total funds carried forward of £63,884. The trustees confirmed that accounting records were kept in accordance with legal requirements and no matters arose during the independent examination that would cause concern regarding the charity's financial position. Its FY2024 accounts were independently examined.