AQHA UK FUTURITY

Scheme Rules 2008

1. Purpose of The Scheme

1.1 The purpose of the scheme is to promote the Quarter Horse and membership of the Association through competition and significant prize purses

1.2 All horses must comply with AQHA registration requirements and be registered with AQHA UK

1.3 Once registered a horse will be eligible for all classes but to show the current owner and exhibitor must be members of AQHA UK

1.4 Enrolment stays with the horse and is transferred to new owners if sold

2. Classes

2.1 The following Futurity Scheme classes will be offered at the Breed/Championship show annually.

Weanling Stallions, Weanling Geldings, Weanling Mares

Yearling Stallions, Yearling Geldings, Yearling Mares

2y.o. Stallions, 2y.o. Geldings, 2y.o. Mares

3&4y.o. Trail, 3&4y.o. Pleasure, 3&4y.o. Hunter Under Saddle

4&5y.o. Reining

2.2 Each class will benefit from a prize purse made up of a payback element of entry fees plus a proportion from the “Futurity Fund” built up from enrolment fees.

3. Enrolment

3.1 Horses can be enrolled in the scheme at any time but generally, the earlier a horse is enrolled and paid into the scheme the cheaper it is. Waiting until the potential of the horse emerges incurs a surcharge.

3.2 Enrolment fees prior to the first day of the annual Breed/Championship show are as follows:

Horse’s weanling year £50 (£35.00)

Horse’s yearling year £75 (£52.50)

Horse’s 2 y.o. year £100 (£70.00)

Horse’s 3 y.o. year £125 (£87.50)

Horse’s 4 y.o. year £100 (£70.00)

Horse’s 5 y.o. year £75 (£52.50)

Note: As part of the ongoing launch initiatives these fees are subject to a 30% discount in 2008. 2008 fees are shown in brackets

3.3 Owners will be issued with an enrolment certificate including a change of owner notification form for use if the horse is sold. Change of ownership should be notified

to the Futurity Coordinator.

4 Finances

4.1 All enrolment fees will be allocated to a separate “Futurity Fund”. This fund will be used solely for the purposes of providing prize money for Futurity Scheme classes.

4.2 All overheads including administration, publicity, show costs and rosettes etc will be born by the Association and Breed/Championship show.

4.3 Each year a figure equivalent to 80% of the Futurity Fund will be used as the basis for the calculation of added prize money. This will ensure a healthy growth of the Fund and steadily increasing prize purses.

4.4 A full report of the Scheme finances will be made in the Council Report to the AGM each year.

5. Entry Fees

5.1 £25 per class to include a £15 payback to the prize purse

6. Prize Purses

6.1 The payback element of each entry fee (£15) in each Futurity class will be allocated to the prize purse for that class. The remaining portion of each entry fee (£10) will be retained by the show.

6.2 A further sum taken from the Futurity Fund, shall be added to the Prize Purse for each Futurity class. This sum shall be calculated by taking 80% of the total sum in the Fund and dividing it by the total number of present and future classes that the Scheme is obliged to hold (a total of 54 with the current class structure)

6.3 The Prize Purse for each Futurity Class shall be awarded as follows:-

1 Entry 1 Prize 100% of total Prize Purse

2 Entries 2 Prizes 60%-40% of total Prize Purse

3 – 7 Entries 3 Prizes 50%-30%-20% of total Prize Purse

8 Entries or More 4 Prizes 45%-25%-20%-10% of total Prize Purse

6.4 Prize Money will be paid to registered owners

6.5 Any Prize Money not awarded shall be returned to the Fund

7. Management Procedures

7.1 A Futurity Coordinator will be appointed by Council and be responsible to Council for the administration of the Scheme and the enrolment of horses.

7.2 Management and accounting of the Fund will be carried out on behalf of Council by the Futurity Coordinator and the Association Treasurer.

7.3 The Futurity Coordinator will work with Show Management regarding arrangements for the Futurity classes and be responsible for ensuring that class results are recorded and kept safe.

7.4 Calculation of added money allocated from the Fund will be made intially by the Futurity Coordinator and the Association Treasurer with final approval to be made by Council.

7.5 After the completion of the Breed/Championship show; the show management will pass to the Futurity Fund the payback elements of all Futurity entry fees.

7.6 The Futurity Coordinator and the Association Treasurer will be responsible for calculating prize payouts and issuing prize cheques.

8. Appeals

8.1 Any member who feels there has been an error in the management and/or administration of the Scheme should, in the first instance, contact the Futurity Coordinator. If the situation cannot be resolved the matter will be referred to the AQHA-UK Council. If necessary the Council will establish an Appeal Panel to adjudicate.

9. Appeal Panel

9.1 An Appeal Panel will consist of three persons appointed by AQHA-UK Council. The panel will take into account the views of the appellant, the Futurity Coordinator, amd any other appropriate parties. The decision of the Appeal Panel will be final.

10. Rule Changes

10.1 Changes to these rules and the timescale for implementation of such changes, shall be approved by the members in General Meeting.

11. Winding Up Of The Scheme

11.1 Classes will continue to run until all enrolled horses are too old for classes as specified at the time winding up was agreed i.e. new classes cannot be added to keep the scheme running or to suit the declining number of eligible horses.

11.2 Any sum remaining in the Fund after the last class shall be transferred to the Association current account

12. Dissolution of the Association

12.1 In the unlikely event of the dissolution of the Association the Council shall make arrangements to maintain the separate identity and ongoing existence of the Scheme and its associated fund and to establish an alternative governing/management body.

AQHA-UK Council

April 2008