Charity Numbor: 1166682 HorsgHoard Accounts for the yoar ended 318t March 2025 Wènn Towmènd Chartered Accountants Oxford
Hors•Hoard Page Charity Information Trustees. Report 2to4 Independent Examlner's Report Slatement of Financial Activities Balance Sheet Notes to the Account$ 8t0 13 Incom• and Expenditure Account 14
HorseHeard Chalr: Tom Meynell Trustses; Heather Hardy Rosalie Millard Evans Andrea Winfiehj Edward MacFarlane James de Couter {appointed 23 August 2024) Reglslered Charlty Number.. 1166682 Regi8ter8d Address: 30 St Glles, Oxford OX13LE Independent Examln8rs: Wenn Townsend Chartered Accountanls 30 St Glle8' Oxford OX13LE
HorseHeard Trustees. Report for the year ended 31st March 2025 Reference and admlnlstratlve detslls These are shown on page 1. Structure, Govemanco and Management rn The charity is controlled by its goveming document and constitutes an unincorporated charity. The charity trustees are the only voting memb•r$ of the Charltable Incorporated Organisation (CIO) and these are selected by the other trustees and CEO. Trust es and Mana em The charity is govemed by a Management Committee of six Trustees, CEO and independent non-executive.. Tom Meynell {ChairlFinance)', Heather Hardy,. Rosalie Millard Evans. Andrea Winfield, Ed MacFarlane and James de Couter The Charlty contlnues to have tw Patrons: Mary Wanle88 intomalional ¢oach and author of 'Rlde wilh your Mlnd, and John Peters squadron leader RAF rtd. The Management Committee meet fomially on a quarterly basis, via video conferen¢• du• to being based in different locations around the UK. HorseH•ard's current prlnclpal rlsk relale$ to securing fulurè funding for ¢or• project dellv•ry. In mitigation of th18 a grant and trust funding strategy is being implemented. ObJ•ctlv•$, Actlvltleg and Publlc Boneflt Ob ectfvo8 Thé Trustéès havè had régard to the Charlty Comml88lon'8 guldance on publlc benefit In carrylng out the ¢harity'3 objects'ves. The objects are to promote positive emotional health and well-belng for children, young people and adults in need through equine facilitated learning, so as to improve their qualSty of life. In Ihe case of young people this will enablè them to increase their confidence and emotlonal resllience and succeed in their education, helping to reduce behavioural and bullylng incidents and mental health issues. In the case ol adults in need, our work supports Forces Veterans, NHS staff and gener81 wellbeing of adults, enabling them to develop their emotional resilience, manage théir emotions, have tlme out and a chance for refiection. Thls18 conslstentty achleved through the charity's provision ol Equlne Faclltated Leamlng {EFL). HorseH8ard
Trustees. Report {continued) for the year ended 31 st March 2025 Activitie8 1. Deliver evidence basèd and quality assured HorseHeard sessions and Pfograrnmes to childn, young people and adults in need, locally, nationally and intemationally, 2. Secure funding through grants, CSR sponsorship packages. fundraising activities, regular donations (Friends of HorseHeard) and ad-hoc donations. 3. Operat8 Wrth a confident strategic Management Team arKI operational Support Team, with a HorseHeard Communty of trained EFL deliverers & volunleers. 4. Develop Strategic Partnerships, 5. Promote HorseHeard and existing EFL programmès Ihroughout Ihe couniry and devise bespoke EFL programmes for new client groups as required. Development of the Charity is currently carried out on a voluntary basis. The CEO and support stsff are contracted in connection lo project delivery and as such are self-employed with most of the delivery engaged on i volunteer ba81S. HorseHeard provlded support to chlldren through the Camp Simcha project. Plans for Future P We plan to build on the hIeveMentS and outGorneJ from ¢)ur programme supporting NHS fronlllne staff and neurodiverse children at Buckinghamshire Health Care NHS Trust, using this Success as a springboard to extend the charlty's Support to additlonal NHS Trusts and to children in neednClUdIng carers, neurodiverse children, and SENO pupils in schools. Flnanclal rnvl•w The Statement of Financial Activities, set out on page 6, reflects all Income receivable In the year. The deficit for the year was £9,210 (2024.. deficit of £36,446). This includes £nil (2024.. £nil) of net income from donations into restricted funds. Princi al sources of fundin The principal source of funds to date has been local fundraising and traded income from delivery of vlIbeing work. Public donations have subsidised delivery of HorseHeard programmes for vulnerable groups lo meet the charity objectives. Ro8•rv•s Polic The Charity has a reserve policy of £5,000. This covers the minimum expenses required to keep the Charty running been projects on the basis other payments are project related.
HorseHeard Trte88. Report (Continued) for tho year ended 31st March 2025 Statgment of Tru8t••s' MsponsibllStl•s vAth rogard to a¢count8 The Trustees are responslble for preparing the Trustees. Report and the accounts in a¢cordance w6th appllcable law and Unlted kn'ngdom accounting standards (United Kingdom Generally Accepted Accounting Practice). In preparing those accounts the Trust8es are requlred to: Select sultable accounting policies and then apply them cons49tently. Obsepie the methods and principles in the charities SORP. Make judgements and estsmates that are reasonable and prudent. State whether applicable accounting standards have been followed. subject to any materlal departures disclosed and explained in the accounts. Prepare the accounts on Ihè going concem basis unless It is Inappropriate to presume that the charity wlll continue. The Trustees are responsible for keeping proper aoUntIng records whlch dlsclose wllh reasonable accuracy at any time the financial position of the charity and enable them to ensure that Ihe accounts comply with the Charities SORP 2019. They are also responsible for safe9uarding the assets of the charity and hence for taking rea80nable ¥teps for the prevention and detects'on of fraud and other Irregularitieg. In so far as the TNstees are aware There18 no relevanl independerbt examination informatlon of whlch the charty'8 examlners arè unavmre. They have taken all the steps that they ought to have taken to make themselves aware of any relevant examination inf¢rmation and to establlsh Ihal the charity's examin¢r ar• aware of that Information. On b•half of lh• board Tom M•yn•ll Chair
HorseHeard Indopond•nt •xamln•Vs Roport to Iho mombors of Horn•H84rd I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 st March 202 5 which are Set out on pages 6 to 14. Responslblliti•8 and basls of report As the charity's tru$t8es you are responsible for the prepafation of tha accounts In accordance th Ihe requirements of the Charitles Act 20111'the Acr). I report In respect of my examinaiion of Ihe charity'$ accounts carried out under section 145 of the Act and in Carrylng out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. Ind•pond•nt •xamln•rfs Statsment I have completed my examination. I confirm that no material matters have come to my attention in connection %Mth Ihe examination giving me cause lo believe that in any material re$pect'. 1) 2) 3) accountin9 records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in Ihe Charitie8 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 9lve a Irue and falr vle* whlch18 not a matter considered as part of an independent examination. I have no concems and have come acros3 no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. A Rodzynskl FCA Wenn Townsend 30 St GI188 Oxford OX13LE Dats......................
HorseHeard Statsment of Financial Acllvllles for the year endod 31st March 2025 Unrestrl¢tod Re$trleted Funds Funds 2025 2025 Total UnftrICt0d Rostrlctod Funds Funds Funds 2025 2024 2024 Total Funds 2024 In¢om• Grants and donations 2.533 2.533 1,728 1,728 Income from charitable activities Equlne Programmes 3.100 3,100 11,000 11,000 Bank Interest 21]0 200 588 588 Total Income 5,833 5,833 13,316 13,316 Exp•ndltur• ExperKliture on charitabl• activities 6 15,043 15.043 15,151 34.611 49,762 Total •xpendltur• 15,043 15,043 15,151 34.611 49,762 Not (expendlture) 19,210> (9,210) (1,835) (34,611) (36,446) Net movement In funds 19,210) (9,210) (1,835) {34,611) (36,446) Total fund8 brought foThYard 16,012 16,012 17,847 34,611 52,458 Total funds carrlod fOard 6.802 6,802 16,012 16,012
Hor8eHeard Balanc6 Sheet at 31st March 2024 2025 2024 Curront a88Ots Debtor8 Cash al bank and in hand 8,500 9,024 7,832 7,832 17,524 Curr8nt liabilitia& Cr•ditor8'. Amounts falling due wilhin one year 11,030) (1,512) Not cuff•nt a93•ts 6.802 18,012 Net a880ts 6.802 16,012 Re88rves Unrestricted funds Restricted funds 6.802 16.012 6,802 16,012 LS/q12g These accounts were approved by the Board ofTrnstees on ............................ and Signed on Its behalf by Tom M8yn•ll Chalr The notes on pages 8 to 14 fomi part of these accounts.
HorseHeard Notes to tho accounts for the yr ended 31st March 2026 Summary of slgnlficant accountlng pollcle• 8a81$ of preparatlon and assessment of golng concom Horseheard is a charity in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The charity constitutes a public benefit entty as defined by FRS 102. The financial statements have been prepared in accordance viith Accounting and Reporting by Charities.. Ststement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Klngdom and Republic of Ireland (FRS 102), the Charitles Act 2011. and UK Generalty 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 statements ar• piepaied In steiling which is the functional currency of the charity and iounded to the nearest £. The significanl accounilng policies applied in the preparation of these financial statemenis are set out below. These policies have been consistently appliéd to all years presented unless othernise stated. Income re¢ognltlon All incoming resources are included in the Statémènt of FlnancSal Activltles (SOFA) when the chaflty Is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it 1$ probably that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in wrltlng. If there are conditions attached to the donation and thls requires 8 level of perfomance before entltlement can be obtained, then income is deferred until those conditions are fully met or the fulfjlm•nt of those conditions is within the control of the charity and it is probably that they will be fulfilled. Grant income is recognised as réceivable sublecl to fulfilment of any a380ciated condltions. ere conditions have been met or are likely to be met, grant income is recognlsed in full. Exp6ndltur• r•cognltlon All expenditure is accounted for on an accrual basis and has been classified under headings Iha¢ aggregate all costs related to the category. Expenditure is recognlsed where there is a legal or constructive obligation to make payments to third parties, it Is probabty that Ihe settlement will be required, and the amount of the obligation can be measured reliably. Where costs cannot be directly attributed to particular headings, they have been allocated to aclivilies on a ba$18 consistenl with use of the resou5. Charitable activty costs are those costs incurred directly in support of expendlture on the objects of the Charlty. Governance costs are those incurred in connection with administration of the Charity and compliance wlth constitutional and statutory requirements.
HorsoHeard Notes to the accounts (contir)ued) for the year ended 31st March 2025 Summary of slgnlficant accountlng pollclos l¢ontinu•d> Taxatlon The charity is exempt from tax on its charitable activities. Unrestrlcted funds A general fund which the Trustees may use for the furtherance of the objects of the charity at thelr discrelion. Restrlctod funds These are subj&ct to specific conditions imposed by the donor, which are legally blnding up)n the Trustees. Trade debtors Trade debtors are amounts due from cu8tomer8 for goods sold or rviceS performed In the ordinary course of business. Trade debtors recognisèd Initialty at ihe transacllon prlce. A provision for the impalmienl of trade debtors Is established when there is objeclive evidence that the charity VAII not be able to collecl all amounts due according to the original terms of the recelvables. Trad• credftorn Trade credilors are obligations to pay for goods or Services that have been acquired in the ordinary course of charltable activities from suppliers. Accounts payable are classified as current liabilities if the charity does nol have an unconditional right. at the end of the reporting period, to defer settlement of the creditor for at least lknlve months after the reporting date. If there is an unconditional right to defer settlement for at least e1ve months after the feporting date, they are presented as nofvcurrent liabilities. Trade creditors are recognised initially at the transaction price. Cash and cash equivalents Cash and cash equivalenls comprise cash In hand and call deposit8, and other short-term hlghly Ilquld investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Golng concorn The financial statements have been prepared on a going concern basis 8S the Trustees believe that no material uncertainties exist. The Trustees have consldered the level of funds held and the expected level of income and expenditure for 12 months. They have concluded that the budgeted income and expenditure is sufficient with the level of reserves held for the charity lo be able to continue as a going concein. Trustsu, rnmunoratlon and bonofits No Trustee received remuneration in the period for work done as a Trustee, however, paid freelance facilitator work was carried out by Heather Hardy for a total of £500 (2024: £500). Trustees. expenses paid for the year ere 318t March 2025 ¥vere £nil (2024.. £nil). There Vre no paid employees during the year {2024- Zero) most of the work is delivered on a voluntary basis.
HorseHeard Notes to tho accounts (contlnued) for tho yoar endod 318t March 2025 Grdnts & Donatlons 2026 2024 Donations Gift Aid Grants 1,998 535 1,728 2,533 1.728 Income from Charitable actlvllles 2025 2024 Equine Facilitated Learning programmes: Being Friends Provlsion of EFL Event Child Neurodiverse projectg 2.500 600 2,500 8,500 3,100 11,000 Charltable •xp•ndltur• The charity onty undertakes direct charitable activities and does not make grant payments. 10
HorseHeard Notes to the accounts (contlnued) forthe yoar ended 31st March 2025 Expendlture on charftable activilie8 2025 2024 Project management Facilitator fees Over accrual of facilitator fees Venue lees Equipment Advertising & Promotion Finance Admin Web hostingllT cost$ Computer software Consultancy fees Insurance Staff Training Paypal Fees Accountancy fee 3.250 1.100 14.500 10,675 200 5.600 295 540 3,075 196 114 10,860 2,804 600 185 2,000 200 114 4,005 2,382 275 930 900 15.043 49,762 Debtorn: 2025 2024 Trade Debtors 8,500 8,500 Creditors: Amounts falllng dug wlthln one year 2025 2024 Credrtors Accruals 100 930 612 900 1,030 1.512
HotsèHeard Not•s to th• accounts Icontlnuodl for the year ended 3181 March 2025 Analysls ol charltable funds At 1st Aprll 2024 At 31st Exp•nditure March 2025 Income Unrnstrlct•d 16,012 5.833 15,043 6.802 Rostrlcted 16,012 5,833 15,043 6,802 At 1st Aprll 2024 At 318t Expendlture March 2024 Income Unr•slrl¢lod 17,847 13,316 {15,151} 16,012 R•strlctgd Covld-19 support to NHS staff and vulnerable children in Buckinghamshire 34,611 (34,611) 52,458 13,316 (49,762) 16,012 NHS Charflles Together fund descrlptlon - The NHS CT giant was also awarded for Covid-19 5UPPOrt to NHS staff and vulnerable children in 8uckinghamshire. The NHS charitses together fund provided a grant of £72.932 in the year ended 31st March 2023 and no further grant was received in the year ended 31 Il March 2024. 12
Hor¥eHeard Notes to the accounts (continued) for the year ended 31st March 2025 10. Summary of Net Assets by Funds Unrestricted Funds Restrlctsd Funds Total Funds 2025 Currenl Assets Current Liabilities 7,832 (1.030) 7,832 {1,030) 6,802 6,802 Unrestricted Funds Restrlcted Fund• Total Funds 2024 Current Assets Current Liabilities 17,524 (1.512) 17,524 (1,512) 16,012 16,012 11, Relatsd Party Trangacllon8 The charity received donatlon of £75 from tru$tee'J member during the year to 3111 March 2025 (2024- £135). Freelance facjlitator work was carried out by a close family member of a trustee for £500 during the year, 13
Hor¥eMèard Income and Expendlture Account for tho y•ar endod 31st March 2025 2025 2024 Incomo Donations Gift Aid Equine Programmeslevents Bank Interest 1,998 535 3,100 200 1,728 11,000 588 5.833 13.316 Grants Total income 5,833 13.316 Expendlturo Expendltur• on charltable actlvltl 2026 2024 Project management Facilitator fees Overa¢crual of facilitator lees Venue fees Equipment Advertising & Promotion Finance Admin Web hostingllT costs Computer software Con8ultancy fees Insurance Staff Training Paypal Fees Accountancy fee 3.250 1,100 14,500 10,675 200 5,600 295 540 3,075 196 114 10,860 2.804 600 185 2,000 200 114 4,005 2,382 275 930 900 15,043 49.762 Total Expenditure (15,043) (49,762) Deficlt for tho year (9.210) (36,446) 14