Charity Number: 1166682 HorseH•ard Accounts for tho y•ar end 31st March 2024 Wann Townsond Chartomd Accountants Oxford
HorseHeard Page Charity Information Trustees. Report 2to4 Independent Examiner's Report Statement ol Financial Activities 8818n¢e She?t Notes to the Accounts 8t013 Income and Expenditure Account 14
HorseHeard Chair: Tom Meynell (appointed as chair 17 Nov 2023) Tru8tees: Heather Hardy (resigned as Chair 17 Nov 2023) Rosalie Millard Evans Caroline Brown (resigned 30 Jun 2023) Andrea Winfield Edward MacFarlane Regl8t6r•d Charlty Numb•r. 1166682 Reglstered Addrn88: 30 St Giles. Oxford OX1 3LE Independent Examlner8: Wenn Townsend Chartered Accountants 30 St Gi18S' Oxford OX13LE
HorseH8ard Trust••s' Report for tho year endod 31st March 2024 Reference and admlnlstrntlve deta118 These are shown on page 1. Structure, Governance and Management Governin Document The charity is controlled by its governing document and constitutes an unincorporated charity. The charity trustees are the only voting members of the Charitable Incorporated Organisation (CIO) and these are 8elected by the other trustees and CEO. Trustee and Mana ement The charity is governed by a Managem8nt Committee of five Trustees. CEO and independent non-executive.. Tom Meynell (ChairlFinance)', Heather Hardy., Rosalie Millard Evans, Andrea Wnfield and Ed MacFarlane. The Charity continues to have two Patrons.. Mary Wanless international coach and author of 'Ride whth your Mind, and John Peters squadron leader RAF rtd. The Management Committee meet formally on a quarterly basis. via vldeo conference due to being based in different locations around the UK. Prlncl al rlsk8 and un¢•rtalntles The NHS as a delivery partner brings a unique set of uncertainties in relation to decision makhg and engagement in activities outside of business as usual. The charity as always remains flexible and accommodating of changes in delivery target$, and $upporting partner Internal decision making pio¢eJses. ObJo¢tlve$, Actlvltlo• and Pub15¢ Ban•flt Ob •ctlv•s The Truslees have had regard to the Charity Commission's guldance on public benefit in carrying out the charity, objectiV8$. The objects are to prornote positive emolional health and well-being for childran, young pwple and £dults In need Ihrough equine facilitated learning, so as lo improve their quality of life. In the case of young people this wll enable them to increase their confidanc8 8nd emotional resilience and succeed in their education, helping to reduce behavioural and bullying incidents and mental health issues. In the case of adults in need, our work supports Forces Veterans, NHS staff and general wellbeing of adults. onabling them to develop their emoiional resilience, manage their emotions, have time out and a chance for r8f18Ction. This is consistently achieved through the charity's provision of Equine Facilrtated Learning (EFL).
Hor80H8ard Trustees, Report (continued) for the yoar ended 31st March 2024 Actfvlt108 1. Deliver evidence based and quality assured HorseHeard sessions and Programmes to children, young people and adults in need, locally, nationally and internationally, 2. Secure funding through grants, CSR sponsor8hip packages. fundraising activities. regular donation8 (Friends of HorseHeard) and ad-hoc donations, 3. Operate with a Confident strategic Management Team and operational Support Team, with a Hors8Heard Community of trained EFL deliverers & volunteers, 4. Develop Strdtegic Partnerships. 5. Promote HorseHeard and existing EFL programmes throughout the country and devise bespoke EFL programmes for new cli&nt groups as required. Development of the Charity is currently Caled out on a voluntary basis. The CEO and support staff are contrac18d in connection to project delivery and as Such are self-employed wllh most of Iha delivery engaged on a volunieer basis. Achievements HorseHeard provKled support to NHS Staff and children through the Paediatric pathway and Camp Simcha. Plan8f rF P•rlod8 HorseHeard has responded to new opportunities to meet the emerging mental health needs of he81th care staff and their communitias as a consequence of the pandemic. EFL sessions have been delivered to frontline 8taff from Buckinghamshire Healthcar8 NHS Trust and a large trial pilot to support children on the paediatric pathway. Flnancl I revlew The Statemènl of Financial Activities, set out on page 6, reflects all income r8c8ivable in the year, The deficil for the year was £36,44612023: deficit of £15,024). This includes £nil {2023'. £72,932) of net income from donations into restricted hjnds. Princi al sources of fundin Th8 principal source of funds to date has been local fundraising and traded income frorn delivery of wellbeing work. Public donatK)ns have subsidised delivery Of HorseHeard programmes for vulnerable groups to meet the charity objectives NHS Charities Together provided core support for NHS staff and vulnerable children in the NHS. rv08 Pollc The Charity has a r88erve policy of £5.000. This covers the minimum expenses required to keep the charity running between projects on the b8SlS Other payments ara project related.
HorseHeard Trustees, Report (continued) for the year ended 31st March 2024 Statement of Trustees. responslbllltle8 wtth regard to account8 The Twstees are responsible for preparing Ihe Trustees, Report and Ihe accounts in accordance with applicable law and United Kingdom accountlng standards (United Kingdom G8nerally Accepted Accounting Practice). In preparing those acGount8 the Trustees are required to.. S81ect suitable accounting policies and then apply them consistently. Observe the methods and principles in the charities SORP. Make judgements and estimates thal are reasonable and prudent. Slate wheth8r applicable accounting standards have been followed. subject to any material departures disclosed and explained in the accounts. Prepare the accounts on tha going concern basis unless it is inappropriate to presume that the charty will continue. The Trustees are responsible for keeping proper accounting records which disclose with reasonabl8 accuracy at any -me the finan¢i81 position of the charity and enable them to 8nsure that Ihe accounts comply with the Charities SORP 2019. 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 irr&gularities. In 80 far a8 the Trustees are aware.. There Is no relevant independenl examination infomation ofwhich the charity's examiners are unaware. They have taken all the steps that they ought to have taken to make themselvas aware of any relevant examination Information and to establish that the charity's examlner are aware of that infonnation. On b8half of the board Tom Meynell Chalr Dat•: 9th January 2025
HorseHeard Independent exam5nerf8 Report to the member8 of Hor8eHeard I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024 which are sel out on pages 6 to 14. Responslbllitie8 and ba818 of r•port As the charrty's trustees you are responsible for the preparation of the accounts in accordance with the requirements ofthe Charities Act 2011 <'the Act.). I report in respect of my examination of the charity's accounts carried out under section 145 of the Acl and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)Ibl of the Act. Independont •xamlner'$ statement I have completed my èxaminallon. I confirm that no material matters have c¢me to my allention in connection with the examination giving me cause to believe that in any mat8ri81 respect: 1) 2) 3) accountlng records were not kept in respect of the charity as required by section 130 of the Act., or th8 accounts do not accord with those records. the accounts do nol comply with the applicable requirements concerning th8 form and content of accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a 'tru8 and fair view, which is not a matter considered as part Of an independent examination. I have no concerns and have come across no matlers in connection with the examin8tion to which attention should be drawn in this report in order to enable a proper understandin9 of the accounts to be reached. A Rodzynskl FCA Wenn Town8end 30 St Glles Oxford OX13LE Dato! O January..2025
HorseH¢ard Statoment of Financial Activities for the yoar ended 31st March 2024 Unrestrlcled Restrlcted Funds Funds 2024 2024 Total Unrestrlcted Restrlcted Total Funds Funds Funds Funds 2024 2023 2023 2023 Income Not• Grants and donations 1.728 1,728 1,850 72,932 74,782 Income from charitable activiti8S Equine Programmes 11.000 11,000 6,600 6,600 Bank Interest 588 588 25 25 Total InGomo 13,316 13,316 8,475 72,932 81,407 Expendlture Expenditure on charitable activities 6 15.151 34.611 49,762 12.146 84,285 96,431 Total •xpondltur• 15.151 34.611 49,762 12.146 84,285 98,431 Net (•xponditur•) (1,835) (34,611) (36,4461 <3,671) 111,353) (15,024) N•t mov•m•nt In fund8 (1,835) (34,611) (36,4461 <3.671) (11,353) (15,024) Totsl funds brought forward 17,847 34.611 52,458 21,518 45,964 67,482 Total fund• carrl•d forward 16,012 16.012 17,847 34,611 52,458
Horn•H•ard Balance Sheet at 31st March 2024 2024 2023 Curr•nt a680ts Debtors Cash at bank and in hand 8,500 9.024 3,000 54.852 17.524 57.852 Current Ilabllltl•8 Crndltorn.. Amounts falling dua within one year (1,512) 15,394) Net current a$8•t• 16,012 52,458 Net assets 16,012 52,458 Ro8•rv•• Unrestricted funds Restricted funds 16,012 17,847 34,611 16.012 52,458 These accounts were approved by the Board of Trustees on 9th January 2025 and signed on ils behalf by Tom M•ynell Chalr The note8 on page8 8 to 14 forni part of the8e account8.
HorseHeard Note8 to the accounts for tho year ended 31 st March 2024 Summary of slgnlflcant accountlng pollc108 Basis of preparatlon and assessment of golng concern Horseheard is a charily in the United Kingdom. The address of the regtslered office is given in the charity information on page 1 of th8se financial statement8. The charity constitutes a public benefit entbty as defined by FRS 102. The financtal slat8m8nts have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic Of Ireland issued in October 2019. the Financial Reporting Standard appllcable in the Unrted Kingdom and Republic of Ireland (FRS 102). the Charities Act 2011. and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention modified to include certain items at fair value. The financial statement8 are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. The snIfICant accounting policies applied in Ihe P paralion of th8S8 financial statements are set out below. These policies have been consi8lently applied to all year8 pre8ented unless otheNl8e ststed. Income rocognltlon All incoming reBources are included in Ihe Statement of FSnancSal Aclivitlas (SOFA) when thè charity 18 legally entitled to the income after any perfomiance conditions have been met, the amount can be measured reliably and rt 1$ probably that the income will be received. For donations to be recognised the charity will have been notified of the amounts and th8 Settlement date in writing. If thare are conditions attached to the donation and this require5 8 level of performance before entitlem8nt can be obtained. then income is deferred until those conditlons aro fully met or the fulfilment of those conditions is Wihin the Control of the charty and it is probably that they wlll be fulfilled. Grant incoma is recognised 8$ recelvable subject to fulfilment of any associated conditions. Where conditions have been met or are likety to be met, granl income Is recognlsed in full. Expondlture re¢ognltlon All expenditure is accounted for on an accrual basls and has been classSfied under heading8 that aggregate all costs related lo th8 category. Expenditure is recognised where there Is a legal or constructlva obligation to make payments to third parties, it is probably that the settlament will be required, and the amount of the obllgation can be measured reliably. VWi8r8 costs cannot be directty attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources. Charitable activlty costs are th¢)Sa Costs incurred directly In support of expenditure on the objects of the Charity. Governance costs are those incurred in connection wlth administration of the Charlty and compliance with constitutional and statutory qUireMents.
Hor8eHeard Not08 to the accounts {¢ontlnued) for the yaar •nd•d 31st March 2024 Summary of Slgnificant accountlng pollcl06 (contlnued) Taxatlon The charity is exempt from tax on it8 charitable activities. Unre8trfct•d funds A general fund which the Trustees may use for the furtherance of the objects of lh8 charily at their discretion. Rostrictod fund• These are subj8Ct io specific conditions imposed by the donor, which are legally blnding upon the Trustees. Trade debtorn Trade debtors are amounts due from customers for good$ sold or sen4ices performed in the ordinary Course of business. Trade debtors are reco9nised initially at the transaction price. A provision for the impalrm8nt of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Trnd• crodttorn Trade creditors are obligations to pay for goods or seTViC8S that have been acquired in the ordinary course of charitable activities from suppliers. Accounts payable are classified as current li8bilities if the charty does not have an unconditional right, at the end of the reporting period, to defer Settlement of the crediior for at least e1ve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting dale, they are presented as non-currenl liabiliti88. Trade creditors are recognised initially at the transaction price. Cash and cash equlvalents Cash and cash equivalents comprise cash in hand and call deposlts, 8nd other short-term highly liquid investments that are readily convertible to a known amounl of cash and are subjecl to an insignrficant risk of change in value. Golng con¢em The financial statements have been prepared on a going concern basis as the Truste believe that no material uncertainties exist. The Trusl8es have considered the level of lunds held and the expected level of income and expenditure for 12 months. They have concluded that the budgeted income and expenditure is suffKient with the level of reserves held lor the charity to b8 able to continue as a going concern. Tru8teK' r•munoratlon and beneflts No Trustee received r8mun8ration in the period for work done as a Trustee. however. paid freelance facilitator work was carried out by Heath8r Hardy for a total of £50012023: £2,854). Trustees, expenses paid for the year ended 31 st March 2024 were £nil12023'. £367). There were no paid employees during the year (2023- Zero) most of the work is delNered on a voluntary basis.
HorseHeard Notes to the accounts (contlnued) for the year ended 31st March 2024 Grant8 & Donatlons 2024 2023 Donations Grft Aid Grants 1.728 1.224 626 72.932 1,728 74.782 Included in grants for tha currenl year zero restrthd funds (2023.. £72,932). In¢om• from ¢harltabl• actlvlti•8 2024 2023 Equine Facilitaled Learning programmes.. Being Friends Stablemates Adult Wellbeing projects Child Neurodiverse projects 2,500 3.100 500 3,000 8.500 11,000 6,600 Charftable expondlturn The charity onty undertakes direcl charitable a¢tivities and does not make grant Payments. 10
Hor8eHoard Note8 to tho accounts (¢ontlnued) for the year ended 318t March 2024 Expendlture on charitable actlvltles 2024 2023 Proj8Ct management Facilitator fees Overl(under accrual) of facilitstor fees Venue fees Horse handler f888 DBS Checks Equipment Advertising & Promotion Honorarium Finance Admin Web hostingllT costs Cornputer soffvlare Consultancy fees Insurance Staff Training Paypal Fees Overl(under accrual) of accountancy fees Accountancy feè 14,500 10.675 200 5.600 25,500 29,547 10,457 150 450 4,026 295 540 600 7,650 826 114 13.250 2,607 367 47 120 720 3,075 196 114 10,860 2,804 900 49,762 96.431 D•btorn: 2024 2023 Trade Debtors 8,500 3.000 8,500 3,000 Credltors: Amounts falllng due wlthln on• year 2024 2023 Credltors Accruals 612 900 4,674 720 1,512 5,394 11
Hor8oHeard Not•s to the accounts (contlnued) for the year ended 31st March 2024 Analy818 of charftable funds At 1st Aprll 2023 At 31st Expendlturo March 2024 In¢om• Unre$trlct•d 17,847 13,316 {15,151) 16.012 Re8trlcted Covid-19 support to NHS stsff and vulnerable chIldn in Buckinghamshire 34,611 (34.611) 52.458 13,316 (49,762) 16,012 At18t Aprll 2022 At 318t Expendlture March 2023 Income Unrn8trlctad 21.518 8.475 (12.146) 17.847 Re•trlcted Covld-19 support to NHS staff and vulnerable children in Buckinghamshire 45,964 72,932 184,285) 34,611 87,482 81,407 (96,431) 52,458 NHS Charltla8 Together fund d08¢rlptlon - The NHS CT grant was also awarded for Covid-19 support to NHS staff and vulnerable children in Buckinghamshire. The NHS charities together fund provided a grant of £72,932 in the year endèd 318t March 2023 and no further gfant was received in the year ended 31 $1 March 2024. 12
Hor86H•ard Notes to the accounts (contlnued) for the year ended 31st March 2024 10. Summary of Net Assets by Funds Unro8trlctod Fund8 Restricted Funds Total Fund8 2024 Current Assèts Current Liabilities 17.524 (1.512) 17.524 (1,512) 16,012 16.012 Unrestrlctsd Fund8 Re8trfct•d Fund8 Total Fund8 2023 Current Assets Current Liabilities 18.809 (962) 39,043 {4,432) 57,852 (5,394) 17.847 34,611 52.458 11. R•lat•d Party Transactlon8 The charily received donation of £135 from Irustee's member during the year lo 3141 March 2024 (2023- £180). Freelance facilitator work was carried out by a close family member of a trustee lor £550 during Ihe year. 13
Hov8eHeard Income and Expenditure Account for the year ended 318t March 2024 2024 2023 Income Donations Gift Aid Equine Programmes Bank Interest 1,728 1,224 626 6.600 25 11.000 588 13,316 8,475 Grants 72,932 Totsl income 13,316 81,407 Expendlture Exp•ndlturo on charltabl• actlvitles Project manag8ment Facilitator fees Overl(under accrual) of facilrtator fees Venuè fees Horse handler fees DBS Checks Equipment Adv8rtising & Promotion Honorarium Finance Admin Web hostingllT costs Computer software Consultancy fees Insurance Staff Training Paypal Fees Overl(under accrual) of accountancy fees Accountancy fees 2024 14,500 10,675 200 5,600 25.500 29,547 10.457 150 450 4,026 295 540 600 7,650 826 114 13.250 2,607 367 47 120 720 3.075 196 114 10.860 2.804 900 49,762 96,431 Total Eypencl'ture (49,762) (96,431) D•llclt for th• yaar (38,446) (15.024) 14