2023-09-30-accounts

Charity Registration No. 1158714

REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Lisa Bailey (Chairperson Stepped Down 13thJanuary 2023)
	Jane Miles (Chairperson – Appointed 13thJanuary 2023)
	Dean Hollisey (Treasurer - appointed 1stAugust 2022)
	Fleur Mitchell (Secretary - appointed 17thJuly 2019)
	Margaret Lee ( Appointed 13thJanuary 2023)
	Amy Northwood (appointed May 2017)
	Kelly James (appointed 16thApril 2020)
	Pat Glover (appointed 1stSeptember 2020)
Charity number	1158714
Principal address	Crown Farm Stables Crown
	Road Kelvedon Hatch
	Brentwood
	Essex CM14 5TB
Independent examiner	TaxAssist Accountants
	28 Staton Lane
	Hornchurch
	RM12 6NJ

REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

CONTENTS

	Page
Trustees’ report	1 - 3
Independent examiner’s report	4 - 5
Statement of fnancial actvites	6
Statement of fnancial positon	7
Notes to the fnancial statement	8 - 15

REHABILITATION, EDUCATION AND ASSESSMENT CENTRE

FOR HIPPOTHERAPY

(REACH)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees present their report and financial statements for the year ended 30 September 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and activities

The charity’s objects are to relieve the needs of people suffering from a range of disabilities including cerebral palsy, Down syndrome, development delay, spinal cord injury, autism, learning disabilities and mental health disorders, through facilitating hippotherapy and associated equine based therapies and rehabilitation techniques.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievement and performance

A comprehensive programme of therapy sessions were delivered over the year equating approximately:

• 331 Hippotherapy Sessions

• 7 Equine Assisted Therapy Sessions

• 1713 Riding for the Disabled Therapeutic riding Sessions

• 98 Equine Facilitated Learning sessions

Financial Review

The main source of income is in the form of donations and client fees. The trustees also undertake fundraising in the year through events.

The trust finances are monitored during the year and accounts presented to the committee.

Income over the 12 months to 30 September 2023 was made up of £81,607.50 of therapy receipts, £43,246 of unrestricted donations. There was also £18,944 of restricted donations received in this financial year.

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE

FOR HIPPOTHERAPY

(REACH)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Expenditure for the year totaled £116,153

Income tax recoverable in relation to donation received under Gift Aid or deeds of covenant is recognised at the time of the donation.

The charity has reserves of £138,193 to carry forward as at 30 September 2023. These funds are to be used for future activities of the charity in line with achieving its objectives.

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom accounting Standards (United Kingdom Generally Accepted Accounting Practice.

The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts, the trustees are required to:

• select suitable accounting policies and then apply them consistently.

• observe the methods and principal in the Charities SORP.

• make judgements and estimates that are reasonable and prudent.

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and

• prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulation 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

2

REHABILITATION, EDUCATION AND ASSESSMENT CENTRE

FOR HIPPOTHERAPY

(REACH)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Structure, governance, and management

The charity (referred to as REACH in these accounts) was established by a Constitution of a Charitable Incorporated Organisation (CIO) on 25 September 2014.

The trustees served during the year were:

Lisa Bailey (Chairperson Stepped Down 13[th] January 2023) Jane Miles (Chairperson – Appointed 13[th] January 2023) Dean Hollisey (Treasurer - appointed 1[st] August 2022) Fleur Mitchell (Secretary - appointed 17[th] July 2019) Margaret Lee ( Appointed 13[th] January 2023) Amy Northwood (appointed May 2017) Kelly James (appointed 16[th] April 2020) Pat Glover (appointed 1[st] September 2020)

New trustees are proposed and appointed at Trustee Committee meetings. At every annual general meeting of the members of the CIO, one third of the charity trustees shall retire from office. The charity trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. The number of trustees shall never be less than three or more than twelve.

The organisational structure of the charity is one in which decision of the members of the CIO may be taken by a resolution at a general meeting or by written resolution. Such resolutions are passed by a simple majority of votes.

The trustees’ report was approved by the Board of Trustees.

Dean Hollisey (Treasurer) Trustee Dated: 27[th] February 2024

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

I report to the trustees on my examination of the financial statements of Rehabilitation, Education and Assessment Centre for Hippotherapy CIO (the charity) for the year ended 30 September 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulation 2008 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.

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE

FOR HIPPOTHERAPY

(REACH)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 financial statements to be reached.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity, the charity’s members as a body and the charity’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.

Ronald Mansfield FMAAT for and on behalf of:

TaxAssist Accountants 28 Station Lane Hornchurch Essex RM12 6NJ

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Notes Income from Donatons and legacies 3 Charitable actvites 4 Investments 5 Total Income Expenditure on Charitable actvites 6 Total resources expended Net (outgoing)/incoming resources before transfers Previous Year Adjustment 12 Net income/(expenditure) for the year / Net movement in funds Fund balances at 1 October 2022 Fund balances at 30 September 2023	Unrestricted funds £ 53,647 83,135 261 137,043 112,605 112,605 24,438 - 24,438 4,339 28,777	Restricted funds £ 7,946 10,998 - 18,944 3,548 3,548 15,396 - 15,396 94,020 109,416	Total 2023 £ 61,593 94,133 261 155,987 116,153 116,153 39, 834 - 39,834 98,359 138,193	Total 2022 £ 55,314 63,991 -
				116,817
				109,085
				109,085
				10,220 -
				10,220 88,139
				98,359

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

6

REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2023

Notes Fixed Assets Tangible assets 9 Current assets Debtors 10 Grants Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Net assets Income funds Restricted funds Unrestricted funds	2023 £ 1,934	£ 79,700 58,493	2022 £ 224	£ 77,359 21,000
	57,256		18,808
	59,190 697		19,032 1,968
		138,193		98,359
		109,416 28,777		94,020 4,339
		138,193		98,359

The financial statements were approved by the Trustees on 27[th] February 2024.

Dean Hollisey (Treasurer) Trustee

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. Accounting Policies

Charity Information

Rehabilitation, Education and Assessment Centre for Hippotherapy, also referred to as REACH, is a Charitable Incorporated Organisation. The Charity operates from Crown Farm Stables, Crown Road, Kelvedon Hatch, Brentwood, Essex, CM14 5TB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provision in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and use of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donations unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, and other sales related taxes.

1.5 Resources expended

Expenses are recognised when the charity is legally liable for such expenses, and the amounts can be measured reliably.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 20% reducing balance per annum Equipment 20% reducing balance per annum Livestock 5% Straight Line Leasehold Improvements 7% Straight Line

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.

1.8 Cash and cash equivalents

Cash and cash equivalent include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measures at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amount payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2. Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from the estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. Donatons and legacies Donatons and gifs For the year ended 30 September 2023 4. Charitable actvites Grants Services Sale of Assets Clothing sales Other For the year ended 30 September 2023 5. Investments Interest receivable	Unrestricted funds £ 53,647 53,647 Unrestricted funds £ 81,308 0 265 1,562 83,135 136,782	Restricted funds £ 7,946 7,946 Restricted funds £* 10,998 10,998 18,944	Total 2023 £ 61,593 61,593 Total 2023 £ 10,998 81,308 0 265 1,562 94,133 155,726 2023 £ 261	Total 2022 £ 55,313
				55,313
				Total 2022 £ 1,325 59,318 0 1,238 2,111
				62,666
				-
				2022 £ 0

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. Charitable activities

	Unrestricted	Restricted	2023	2022
	£	£	£	£
Depreciaton and impairment	9,649		9,649	6,679
Hippotherapist and therapist cost	20,267	3,548	23,815	18,677
Fundraising costs	2,251		2,251	1,261
Blacksmith, horse care and equipment	6,525		6,525	8,899
Animal feed and bedding	9,211		9,211	7,280
Wages and Salaries	43,786		43,786	34,692
Training	405		405	938
Travel	283		283	503
Premises expenses	8,056		8,056	8,188
Telephone and Fax	1,081		1,081	1,602
Postage, Statonery and printng	871		871	1,343
Subscriptons	763		763	1,737
Insurance	681		681	0
Sundry expenses	179		179	683
Advertsing & PR	124		124	206
Bank Charges	85		85	183
Repairs & maintenance	2,869		2,869	13,864
Veterinary costs	2,538		2,538	2,350
Legal & Professional Fee	93		93	0
Purchases	2,888		2,888
				109,085
			116,153

2023 restricted funds £3,548 Unrestricted £112,605

7. Trustees

None of the trustees (or any person connected with them) received any remuneration during the year.

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. Employees

Number of employees

The average monthly number employees during the year was:

2023	2022
Number	Number
12	9

Key Management Personnel

During the year, no member of key management were paid more than £60,000 per annum. The remuneration of key management personnel is decided upon and authorised by the trustees.

9. Tangible fixed assets

	Plant and machinery
	£
Cost
At 1 October 2022	91,355
Additons	3,990
Disposals	-
	103,345
At 30 September 2023
Depreciaton and impairment
At 1 October 2022	13,996
Depreciaton charged in the year	9,649
Eliminated in respect of disposals	-
At 30 September 2023	23,645
Carrying amount
At 30 September 2023	79,700
At 30 September 2022	77,359

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REHABILITATION, EDUCATION AND ASSESSMENT CENTRE FOR HIPPOTHERAPY

(REACH)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

10. Debtors

Amounts falling due within one year Trade debtors	2023 £ 1,933	2022 £ 224
	1,933	224

11. Creditors: amounts falling due within one year

reditors: amounts falling due within one year
	2023	2022
Amounts falling due within one year	£	£
Other taxatons and social security	(697)	(220)
Trade creditors	-	-
Accruals and deferred income	0	(1748)-
	(697)	(1968)

12. Previous Year Adjustment

N/A

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