Sirona Therapeutic Horsemanship Charitable Incorporated Organisation Registered Charity Number 1169709 Trustees, Report and Accounts For the year ended 31 December 2025
Contents Page Lega5 and administrative information Trustees, report Structure, Governance and Man3sement Objective5 and Activities Achievements and Performance Financial Review Plans for future periods 4-5 Independent Examirteyg report Financlal Statements Statement of f1nancial activities Balano sheet Notes to the financial statements io li 12-19
Sirona Therapeutic Horsemanship CIO Legal and Administrative Information (The information below forms part of the Trustees, Reportl Status 5irona Therapeutic Hor5eman5hip CIO is a Charitable Incorporated Organisation Icioi registered with the Charities C¢mmlssiori of England and Wale5 Trustees Sarah Urwln Ichairl Deidrè Ford Jane Turner Annie Tempest Tania Beard Sue Price CEO Hannah Burgon Charity number 1169709 Registered office The Merchanfs House 10 Town Quay The Plains TDtnes Devon TQ9 5DW Principal place of 3Ctivlties Buckhams Stables Old School Farm Dartington H311 Totnes TQ9 6EB Web address www.sirorTra uin -or Accountant MAP Accountants 2 Bridge Farm Offices Harberton Totnes TQ9 7PP Bankers Lloyds Bank PIC Newton Abbot Branch PO Box 1000 BXI ILT Special thanks to all our partners, funders, supporters and stsff who make Sirona's work possible.
Sirona Therapeutic Horsemanship CIO Trustees, Report The I rustees present their report and financial statements for the year ended 31 December 2025. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the CharlS Memoiandum & Articles of Association, and the Statement of Recomrnended Practic:. "Accounting and Reporting by Charities" ISORPI issued ip March 2005. Structure. governance and management Slrona Therapeutic Horsemanship CIO (Sironal is a Charitoble1ncorporated Organis3tion ICIOI governed iri accordance with the Constitution dated 17 October 2016. li was registered with the Ch3rity Commissiori on 17 October 2016. 5irona took over the assets and activities of Sirona Therapeutic Horsemanship CIC or, I January 2017 The Board of Trustee5 The Trustees are.. Sarah Urwin (Chairl Deidre Ford Jane Turner Annie Tempest Tania Beard SUÉ Price Appointment of Trusteès Trustees can be appointèd at any general meetin& provided the conditions outlined in the charity's gr>verning document are met. Trurtee Induction and training New trustees are given a copy of the Constitution, and the latest accounts and are explained their role by a current member of the Board. Continuing truste are advised of updates as they arise. Trustees are invited to attend relevant trustee trnining courses in for exarnple 8overnance and safeguarding. Organlsational structure The charity is governed by the board of tru5tee5, Wlth day-to-day operations delegated to the CEO, Hannah 8uTgon Public Benefit The Trustees, In their meetings. have referred to the Charltie5 Commission guidance on Public BeDePIt in making their decisions. Sirona Therapeutic Horsemanship provides therapeutic and learning opportunities foi young people, people with disabilities and other dlsadvantages 2nd those SUYI ering social exclusion, through engaging in activltie5 with horses. all set within the context of the natural envlronment. Our vision Is for marginalised or excluded young people and adult5 to irnprovetheir wellbeing, become more resilient and be better able to overcome the challenges and disadvantages they Tace in order to have more p051tive I'.fe outcomes. Rlsk management The Trustees asse5S the risk to which Sirona Therapeutic Horsemanship CIO is exposed on a continuous basis. This include5 the on-going monitoring of core reserves (see the reserves policy below).
Otsjectlves and activities Our objertives: The objects of the CIO are.. 111 To relieve those In need lin particular but not limited to those with physlcal, mental, social or emotional disabilities or disadvantages) by providing eouine-assistèd therapeutic and educational attivities that may also involve trther anlmals 121 To promote humane behaviour towards animals by prOdIng appropriate care. protertion, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill-usage and to educate the publie in matters pertaining to anirnal welfare in general and the prevention of cruelty and suffering among animals In 5ub-clause lil, 'ernotion31 disabilities will encompass those beneficiarles who struggle with low self*st@em or self-confidenee or have difficulty with communication and relation5hip5 or in regulating emotions (such as anger, anxiety and sadne551, or who lack emotic>nal stability and resilience. 'DisèdvantaEes will encompass those beneficiaries who experience Social or educational èxclusion or13ck of opportunity, taking into account fattors such as 50cIo-economic or educational backgrolsnd or physital. mental, communicational, behavioural or emotional difficulties. Our activitie5: Our aims in 2025 have focused on listening to our participants and working with our local communities, together with investing in training for our team and developing and embedding environmental practices across our work. We have continued to see an increase in the complexity of support needs of young people attending Sirona. Many of these young people are referred to Sirona with extremely high levels of artxiety and mental health challenges and are withdrawn and isolated, so need the quiet, calm environment we can provide set within the natural environment. To meet these changing needs we have provided more l-l sessions over a longer time frame in order for these very vulnerable young people to build secure relationships with their practitioner together with the horses and other animals. Over the past year we have also received more enquires for places for NEETS (young people not in education, employment or training). This is in line with recent ONS figures showing that almost I million, equating to l in 8 young people, are now NEET Ihttps'.//www.ons.gov.uk /november20251, and with much of this attributed to the mental health crisi5 in young people. Through responding to the changing needs of our beneficiaries within our relational and child-centred approach, feedback from parents and referrers afFirms that our provision achieves a deep positive impact for the young people we support. This has been further informed by trainins on the importance of Relational Practice we attended as a team this year which provided evidence of the imperative of strong, trusting relationships and a 'sense of belon8ing' for young people with ACE, especially those in foster care for whom this sense of belonging is missing IDr Lisa Cherry, 20251. This can only be achieved through long term relationships and consistency to build the trust and security these young people so desperately need, with feedback from our participants illustrating this. "ivs jU5tso supportive here. It's mysafe spoce. Ifeelsofe with oll the staff here".. -I've been more confident talking to people ond meeting new people. Becouse Sirono is such (J c(Jlm 5poce Ifeel more oble to go outside my comfortzone andspeak to people more. Ids olso given me o sense of belonging t7nd communitf. e people ond Horses otsirono hove playedsuch o big port in my life ond I wouldn't be where l Gm todoy without then7. 1 owe 50 much to Sirono" "Ifeellike I belong at Sirono" -1 wanted to say o heortfelt thonk youfor all the support you and everyone utSironG hove given "Harriet (name changedj over the years. The life skills she has developed during her time with you hove hud such
o positive Nmpoct. Thejdve helped her grow ffn confidence to the point where she nowfeels reody tofocus fully on school in the leud-up to her GCSES Gnd is choosing not to mi55 any revision se55ions. It'5 u big step for her, and one thays only been mode possible tht7nks to the rturturing und guidonce she's received ot Sirona" Due to many schools not being able to meet these young people's needs a growing number of children are losing out on education and a rising number of parents are telling us that they have no other option except to home educate their child. Many parents are struggling with getting support from education or social care, and waiting for up to 2 year5 for EHCP (education and health care plans) assessments, or in tribunal proceedings. We have seen an increase in children from low income and single parent households really struggling, together with referrals to Sirona for our bursary donation seSSiDns rising. As a result of our support for local familie5 we were proud to be recognised and acknowledged by the local parent support group 'Mums Supporting Better Futures, who described Sirona as a lifeline for parents and children, and of having "supported us when we have nowhere else to turn". Community involvement We had a busy year with rnany community events in 2029. In February we were delighted to welcome the leader of the Liberal Democrat party Ed Davey together with our local MP Caroline Voaden to visit Sirona. Ed and Caroline were really interested in our work and to learn about the power of horses to change vulnerable young people's lives. We also talked about the complexities and difficulty in funding the work we do, with disparities in the funding system for young people who are care exoerienced or adopted, with Caroline saying She will be sure to feed this back to parliament. Two young people who had completed work experience at Sirona, along with a 'young helperf (a former participant and mentor to other young people), together with our apprentice Amber, helped on the visit and met Caroline and Ed. It was inspiring how confident and competent the young people were on the day, which was a real achievement and testamant to their dedication to help on this event with so many people and press present. Our community fed back to us that ihey would like more opportunities to Visit Sirona and so we responded by holding a Second community open day in 2025 with an autumn half term open morning in October which was very successful and raised £913.13 from donations, refreshments, Sirona merchandise (including our in demand horse manurell and our Bric and Brac stall. We welcomed 71 people through the gates iNho enjoyed meeting th- horses and members of the team as well as taking part in horse shoe painting and horse themed educational game5 such as guess the colours of the horse and a lucky dip. In June our summer open day welcomed 188 people through our gate5 and raised an amazing £1608.30 through merchandise, plant and Bric and Brac sales, refreshments, raffle and doiations. The day provides an opportunity for young people who attend Sirona to showcase what they hav- learnt from attending ovr equine and 3nimal-assisted sessions, with participants taking part in demonstr3tions of their horse handling ski115 in the main arena in front of a large crowd. This is a huge challenge for many young people who struggle with confidence but provides them ivith a strong Sense of achievement and boost in self-esteem, with yosjng people telling us; "Now I don'tfeel shy Jnymore und being at Sirono hus made me more confident in trying new things." -1 didn't think I could do it.-.but it turns out I ct7n- if atfirst you don't succeed...
Achievements and performance 92 disadvantaged & vulnerable participants directly supported 86.7 0/0 attendance rate 38 parent51carers on family sessions & taster sessions 28 course attendees & student placements 42 voluJ)teers supported our work 1358 volunteer hours donated - £20,370 (@ £15 pr hr) 517 Total ben¢ficiarie5 SUPPOrted 655 equine & animal-assisted sessions provided 1636 sesston hours delivered 2025 Outcomes IOOO/o of participants reported improvements across the range of outcome indicators 100 % pass rate on the OCNL Level l in Animal Care Course I OOO/o of young people g&ill¢d c¢rtifIcates on the BHS ChaEiging Lives through Horses programme 86/0 of young people reported increased se]f-¢onfiden¢e and self_estee 86Q/g reported increased learning- so improved edu¢ational and employEnent opportunities 830/0 reported feeling Calmer, thus improving self-regul&tion and relationships 77% reported increased mental health and feeling happier 80/0 reported better able to stick at things and overcom¢ chaIlenges. so improved resilience 72 % reported improved communication and interpersonal skills Other Key achievements in 2025 BBC Radio Devon.. we were honored to be asked to be guests on the BBC Radio Devon morning Show in April, and then again on the Country Matter5 segment in June. The June intetview with proctitioner Kirsty Bowles and folrnder Hannah Burgon talking about our work with young people and how Sirona started is available to listen to on our web51te Iwww.simnaequine.org.ukl. We held two of our popular infomiation mornings for people interested in leaming more about our work and how our referral process works. This was attended by local parents together with professionals from other organisations. And in April we hosted the Horses in Edueation and Therapy International (HETI) spring forum at Siron& This was attended by over 30 people from all over the county with a fantastic range of presentations and networking with others tnvolved in the field of equine-assisted interactions. In March we were invited to a black tie dinner and fundraising auction at HMS Drake in Plymouth hosted by The High Sherriff of Devon, Jake Moores OBE, who chose Sirona as one of his charities of the year in 2024-25. We are very grateful to Jake for fundraising £1500 for Sirona and for presenting us with the High Sherriff Award for Community 5eNices. Hannah was invited to write a review for a new book 'How Animals Heal Us, by the well-known author Jay GrifFiths and published by Penguin. The book references the work of Sirona and Hannah was invited to attend the book launch at the prestigious Hatchards bookshop in London which provided the opportunity to share the work of Sirona with other5 in attendance. We hope this will lead to 8ieater recognition of the important field of equine and animal-assisted interattions within a wider international context. We were approached by Plymouth University Peninsula medical school for a consultancy role on the CAW (creative approaches for advocacy for wellbeing) module for 3rd year medical students. Hannah met with the consultant Dr Harte and 8 students in the Autumn term to discus5 a projert that would meet the needs of both Sirona and the community- As a result of the discussions and
feedback from our participants at Sirona the students are looking at producing a children's story pamphlet together with a leaflet for commissions based on Sirona's work. We will meet with the students again in January and March 2026 with ongoing advocacy in between and a final presentation at plymouth University in May. Hartpury University MA degree in Animal-As51Sted Counselling and Psychotherapy course. We welcomed students to Sirona for a placement day in 'welfare in equine and animal-assisted interaction5' in October. This 15 the second year we have provided this training day through our partnership with Hartpury University on this MA course and look forward to a continued successful partnership on this important course. This is the first Masters level cours¢J in ail imal- assisted interactions in the UK which is providing vital training and recognised accreditation in the growing field of equine and animal-assisted therapy and learning. Devon Community Foundation and Exeter University Community Rasearch and Collaboration event: Hannah was invited to present at this inspiring networking i day conference, 3nd gave talk on our approach to evaluation at Sironè titled, 'RÈsearch with Respect-. challenges and opportunities in conducting ethical evaluation with young people., Equine welfare research study at Sirona.. Equine welfare and the health of our herd of horses and other animals is central to our work, so we are very proud to sharc results of a research sttidy completed at S&rona in 2025 by Holly Hodges, a Sdent in Applied Animal Behaviour at Sparsholt University. Her study, 'The inflllence of Equine-Assisted Therapies on the Behavioural Response of Equines, was interested in looking at the effect of pgrticipating in equine-assisted sessions on the welfar¢ of our herd of horses with tbe following results; Statisrical results indicared No significancefor eaiing andgruzing (p=J.129)), as well as no significap2cefor loconiotion p=Q.681), and a non-Farametric Ivilcoxon result determined no sigxificancefor resltng Jt p=0.224. As u result, Èke dota indlcaies (katPQTticipotion in Èkerapeutic inieraclions prtsduces no sz4bstaP71ial beh(7vioural influence, rest411ing in a neutral expgriencefor the equirtes involved." We are incredibly proud that our chair of trustees Sarah Urwin was awarded a Honor&ry' Degree by Hart University in 2025 to acknowledge out51andEKg contrEbuiion to thefields of human- animal interaciiopz apjd (mimal-assisied services,. Financial review Sirona is funded primarily by grant5 and session income. However. in 2025 we were very gratéful to receive an exceptional donation of £lOO,000 from the Gordon Carling Foundation which was c105ing. As a result total income rose significantly foi the year to r323.91712024- £233,775) of which £112,56012024- £118,925) was grant fundin8 and £110.40512024- £7,229) came from donations (including gift aidl. Session income for the year fell to £94,42112024-£100,4201 as several practitioners began or continued training courses which will greatly benefit Sirona going forward. Incorne from courses dropped to £1,07512024- t3,7951 the face of greater competitic>n. Amounts received from fundraisers of £1,81412024- £1,42818nd sale5 of clothing and other merchandise of £1.27112024- £1,369) both remained stable during the year. We felt very supported in 2025 by the first year of the new Lottery funding which will continue for the next 5 years. Match funding raised wa5 also strong and our unrestricted core funds remained re3gonably high at nearlv £33,000 without taking into account the additlonal donation of £IOO,000. As a result the trustees have decided to m31ntain at least that ?mount as inve5tmeDt funds and have opened 6 month fixea term deposits in order to not only give some security to Sirtsna's long term future. but also to create another income stream from bank interest. Total expenditure for the year on our charitable artivities amounted to £243,09012024- £246,718) es the charity sought to pursue its objective5. Direct Staffing cost5 rose by £3,691 to £107,765, while the cost of freelance session staff fell to £14,69912024- £20,0051. Despite ongoing inflation overall costs Stayed relatively stable compared with the previous year.
We would like to thank all the grant funders who have supported u5 in the last year. A full list IS 8iven on page 14 of the report. We a150 wish to say thank you to the friends of Sirona who make regular donations to our work. We COLFld not do what we do without yoy. Reserves Pollcy The Board of Trustees continually reviews the reserves of the charity. Assets must be sufficient to enable the charlty to operate effectively. The charity has a number of restrlcted funds,. the purpose of these funds is detailed n the notes to the financial statements. The charity aims to hold at least four months. running costs in reserve at all times. In rnaking this calculation the level of restricted funds is taken into account. This is to ensure that the charity Ss able to meet all of its legal obligations should funding be withdrawn. At the year end the core free reserves amounted to nearly £33,000. Plans for Future Periods Longer term plans include developing our envtronmental and hortitultural provision offer once Jade, our Occupational Therapist, has completed her Forest School Leader training. We will then be able to offer Nature- Based sessions incorporating forest school artivities to small groups which we are unable to do at present under the terms of our insurancè which requires a qualified Forest School Leader. To support thls programme we have started fundraising towards developing our orchard garden to include a covered gazebo to provide shelter on rainy days and act as a therapy space, together with raised beds to grow herbs for the animals,. and environmental arts activities. The area will then act as è calm and peaceful space for people to enjoy all year round. The airn is for the supported volunteerlng group. youn8 people and others from our local communlty to be involved in these activitie5 so opening up further opportunities for community participation and the public to enjoy the garden. A current volunteer has been supporting us on funding appll¢ations for this project and we will rèport back on progress later in 2026. Anothei aim is to continue to build on the impact and evaluatton of our work through our partnership wlth Hartpury University and the NHS Plymouth University Peninsula students CAW project. WÈ hope these partnerships will support and increase the under5tandinE and reach of our 3pp¥oath and work to wider audiences, so ultimately 5UPPOrting the field of equine and anlmal-a55jSted therapy and learning as a whole. Approval This report ha5 been prepared in accordan¢e with the Statement of Recommended Practice"Accounting and Reporting by Charities" (issued in March 20051. On behaEf of the Board of Trustees Sarah Urwin (Chairl Dated- 8 May 2026
Sirona Therapeutic Horsemanship CIO Independent Examiner's Report for the Year Ended 31 December 2025 Respertlve responslbilltle5 0 trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charl5 trustees conslder that an audit Is not Tequired for this year under settion 144 of the Charitie5 Att 2011 Ithe Charities Act) and that an independent examination is needed. It is my responsibility to.. Examine the accounts under sectlon 145 of the Charltie5 Act, follow protrdures laid down in the Èeneral directions given by the Charity Commission (under section 1451Sllbl of the Charities Act. and state whether particular matters have come to my attention Basls of independent examlnerfs statement My examination wa5 carried out in accordance with general dlrections given by the Charlty Commission. An examination includes a review of the accounting records kèpt by the charity and a comparison of the accounts presented with those records. St also includes consideration of any unusual items or di5c105urès in the accounts, and seeking explanations from the trustees concerning st¢ch matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the aaUnts present a'true and fairf view and the report is limited to those matter5 Set out in the statement below. Independent examlnerfs statement In connection with my examination, no matter has come to my attentlon which gives me reasonable cause to believe that in, any material respect, the requirements to keep accounting records in accordance with section 130 of the Charities Act or to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met. Independent Examlner 2qll2026 Slgned Dated MAP Acwuntants & Business Advisors 2 Bridge Farm Offlces Harberton Totne5 Dev(>n TQ9 7PP
SIRONA THERAPEUTIC HORSEIVIANSHIP CIO STATEMENT OF FINANCIAL AcfiviTIES forthe year ended 31 December 2025 Unrestricted funds 2025 Restri¢ted funds 2025 Total funds 2025 Total fund5 2024 Note5 Incoming re50urcè5 Incoming resources from generated funds Voluntary Income.. Donations & grants 110.405 112,560 222,965 126.154 Incomlng resources from charitable activlties 98,581 98,581 107,012 Bank Interest Teceived 1,460 1,460 609 Other Income 911 911 Total Incomin8 re50urGes 211.357 112,560 323.917 233,775 Resources expended Charitable attivitles 124.771 111,128 235,899 240,281 Costs of raising fund5 7,191 7,191 6,437 Total resources expendèd 131,962 111,128 243,090 246,718 Net Incoming/loutgoingl resotsrce5 before transfers 79,395 1.432 80,827 112.9431 Gross transfers between funds Net income/lexpendlturel forthe year Net movement in funds 79,395 1,432 80,827 112,9431 Fund balances at l January 2025 217.419 29,109 246.528 259,471 Fund balances at 31 December 2025 296,814 30,541 327,355 246,528 io
SIRONA THERAPEUTIC HORSEMANSHIP CIO STATEMENT OF FINANCIAL POSITION as at 31 December 2025 2025 2024 Notes Flxed Assets Tangible Assets io 164,011 179,850 Current assets Debtors Current assei investments Cash at bank and in hand li 12 2,181 130.000 36.538 1,265 67,374 168,719 68,639 Credltors: amountsfalling due wlthln one year 13 15,3751 11,9611 163,344 259,471 66,678 Net current assetsllllabllitlesl Total Assets les5 Current Llablllties 327,355 246,528 327,355 246,528 Nèt assets Intome Funds 30,541 296,814 29.109 217,419 Restritted fund5 Unrestricted fund 327,355 246.528 These accounts were approved by the Trustee Board on 8 May 2026 and signed on their behalf by Sarah Urwin Chair li
SIRONA THERAPEUTIC HORSEMANSHIP CIO NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 December 2025 Accountlnt Policies Charlty information Sirona Therapeutic Horsemanship CIO Is a Charitable Incorporated OrBanisation 1.1 Accountlng convention These accounts have been prepared in accordance with FRS 102 *he Financial Reporting Standard applicable in ihe UK and Republic of Ireland" I"FRS 102.1, -Accounting and Reporting by Charities" the Statement of Recommended Prartice for charities applying FR5 102, and UK Generally Accepted Accounting Practice as it applies from l January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The disc105ure requirement5 of sertion IA of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The account5 are prepared in sterling which Is the functlonal currency of the charity. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate future funding planned in order to continue in operational existence for the foieseeable future. Thus the trustees continue to adopt the going concern basi5 of accounting in prepar•ng the account. 1.3 Incoming resources Items of income are recognised and included in the accounts when all of the following criteria are met.. The charity has entitlement to the funds; any perfortnance conditions attached to the item(51 of income have been rnet or are fully wtthin the control of the charity- there is sufficient certainty that receipt of the Income is Considered probable- and the amount can be measured reliably No amounts are included in the financial statements for ServiS donated by volunteers. IA Resources expended Liabilities arè recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expendrture. All expenditure is accoufjted on the accrua15 basis. Charitable expendlture comprises those costs Incurred by the charity in the delivery of its attivities. It include5 both costs that can be allocated directly to such activities 2nd those cost5 of an indirett nature necessary to support thern. Governance costs include those costs assoclated with meeting the constitution81 and statutory requirements of the charity and include the independent examinerfs fee5 and costs linked to the strategic management of the tharity. All costs are allocated between the expenditure categorle5 of the SOFA on a basis des18ned to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis e.g. staff time or estimated usage 12
SIRONA THERAPEUTIC HORSEMANSHIP CIO NOTESTOTHE FINANCIAL STATEMENTS for the year ended 31 December 202> 1.5 Irrecoverable VAT ITrecoverable VAT is included in the Statement of Financial Activities and is reported as part of the expenditure to which it relate5. 1.6 Tangiblè Flxed Assets Tangible fixed assets, Other th3n freehold land, are stated at C05t or valuation less depreciatlon and any provision for irnpairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed a55ets, le55 their estlmated residual value, over their expected useful lives on the following basI5: Buildin8S Fixtures and fittings IO% Reducing balance 25% Reducing balance 1.7 Fund accountlng Funds held by the charitable company are either: Unrestricted general funds- these funds can be used in furtherance of the charitable objectives at the discretOn of the Trustee Board. Restricted funds- these funds can only be used for the partlcular re5tritted purposes within the objects of the ¢harity. Restrittions, which are legally binding, arise when specified by the donor or when fund5 are raised for particular restricted purposes. The aim and use of each restricted fund is Set out in the notes to the financial statements. Transfers to OT from restricted funds are only made where a legal or constructive obligation ha5 arisen requiring a transfer tts be made. 1.8 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taklng account of any trade discounts due. 1.9 Cash at bank and In hand Cash at bank and cash In hand inclvdes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition OT opening of the deposlt or similar account. 1.10 Credltor5 and provision5 Creditor5 and provision5 are recognised where the charlty ha5 a present obllgation resultin8 from a past event that will probably result in the transfer of funds to 3 third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provislons are normally recognised at their settlement amount after allowlng for any trade discounts due. 1.11 Financial Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Legal Status of the Charlty The charlty Is a Charitable Incorporated Organisation ICIOI and is regulated by the Charity CommTsslon. 13
SIRONA THERAPEUTIC HORSEMANSHIP CIO NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 December 2025 3 Net income for the year 2025 2024 Net income for the year 15 Stated after charglng-. Depreciation Independent examiner's fee 19.982 300 20,594 300 4 Donations & grants 2025 Total 2024 Total Unrestrlcted Restrirted Don3tions The Gordon Carling foundation Tower House Horses CIO 8.599 100,oao 1,806 8.599 loo,000 1,806 7,229 110,405 110,405 7,229 Grants.. The Gibbons Family Trust The Norman Family Charitable Trust British Horse Society Bursary grants The Swire Charitable Trust The Veronica Awdry Charitable Trust National Lottery Community Fund Pixel Trust Northbrook Community Trust Hargreaves Wakefield Trust High Sheriff of Devon via Devon Community Foundation Souter Trust Sir Jules Thorn Trust Magdelan H05Pltal Trust Pets Foundation The Elmgrant Trust St Jarnes's Plate Charitable Foundation Lorimer Trust Anthony V Martin Charitabel Foundation 1,000 1.000 2,500 500 15,000 500 15.000 2,000 59,000 7.148 io,ooo 9.660 2,000 50.000 7,280 50,000 7,280 9,445 2.000 9,445 1.500 2,000 1,500 2,000 3,000 2,500 1,5 16,417 1.200 10,835 10,835 10.000 1.000 3,OOQ io,c(x) 3.000 112,560 112,560 118,925 Total Donations & Grants IIQ,405 112.560 222,965 126,154 14
SIRONA THERAPEUTIC HORSEMANSHIP CIO NOTESTOTHE FINANCIAL STATEMENTS for the year ended 31 December 2025 5 Taxation The organlsation is a registered charity and is therefore not liable to corporation tax on its charitable income. 6 Incomlng resources from Charitable actlvltles 2025 Total 2024 Total Unrestrltted Restricted Ses5i0n income Courses and work5hop5 Fundraising Events T-shirt and book sales 94,421 1,075 1,814 1,271 98,581 94,421 1,075 1,814 1,271 98.581 100,420 3,795 I,A28 1,369 107.012 7 OtheT Income 2025 Total 2024 Total Unrestiicted Restricted Income from Insurance claim 911 911 B Total resources expended 2025 Total 2024 Total Unrestricted Restritted Charitable actlvltles Activitiès undertaken directly Support Cost5 89,OS7 35,714 90,303 20,825 179,360 56,539 182,846 57,435 Total 124.771 111,128 235,899 240,281 Costs of ralslrtg funds 7,191 7.191 6.437 131,962 111,128 243,090 246,718 15
SIRONA THERAPEUTIC HORSEMANSHIP CIO NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 December 2025 9 Resources expended 2025 Total 2024 Total Unrestrltted Restrlcted Actlvltles undertaken dirertly Staff salaries Session practitioner5 Supervision and Training Volunteer expenses Bursaries given Horse feed and care Horse tack and clothing Facility maintènance Educatlon materials Licences and Insurance Maiketing and promotion 39.966 10,691 4,226 695 7,416 11.983 752 9,157 249 3,220 702 67,799 4,008 1,500 107,765 14,699 5,726 695 15,468 13.365 946 9,178 249 8,220 3.049 179.360 104,074 20,005 6,063 1,783 16.814 13,585 285 9,261 414 7,166 3.396 182,846 8,052 1,382 194 21 5,000 2,347 90,303 89,057 Support Costs Staff salaries Rent and Utilities Office costs Motor running Sundry expenses Accountancy Consultancy and Professional fees Bullding Equipment depreciation L055 on disposal of equipment Evaluatlon salary Governance cost- Indepèndent Examiners Fee 3,165 3.108 2,987 181 2,618 3,240 16.412 19,577 3.108 2.987 1,594 2,618 3,240 12,874 2,349 1,713 3.824 2,698 3,120 7,080 20.460 17 3,000 300 57,435 1.413 19,982 133 19.982 133 3,000 300 56,539 3,0 300 35,714 20,825 Costs of Generating Funds Staff salary Fundraising 5UPPOrt 6,566 625 7,191 6,566 625 7,191 6,437 6,437 Of the resources expended for 2024, £119.151 were unrestricted and £127,567 were restricted 16
SIRONA THERAPEUTIC HORSEMANSHIP CIO NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 December2025 10 Tanglble flxed assets Buildings Equlpment Total Cost At l January 2025 Addition5 in yèar Disposals during the year At 31 December 2025 283,404 2,145 29,986 2,131 17951 31,322 313.390 4,276 17951 316,871 285,549 Depreclatlon At l January 2025 Charge foF year DeprÈtiation on disposal At 31 December 2025 112,097 17,346 21.443 2,636 16621 23,417 133,540 19,982 16621 152,860 129,443 Net book value At 31 Detember 2025 156,106 7,905 164,011 At 31 December 2024 171,307 8,543 179,850 11 Debtors 2025 2024 Trade debtors Prepayments 1,736 445 983 282 2,181 1265 12 Current asset irwestments Cash on fixed term deposit l< l yearl 130,000 13 Credltors: amounts falling due wlthln orte ye31 2025 2024 Trade Creditors Taxation and social se¢urlty 2.254 3.121 870 1,091 5,375 1,961 14 Trustees and employees Number of employees There wère 3 full time and 6 part time employees during the year12024- 3 full time and 5 part timel Trustee5' remuneration and reimbuTsemerrt One trustee was reimbursèd for facilitation of courses amounting to £15012024- £5Crf)l and travel expenses amountTrng to £55912024 -£6801 during the year. 17
SIRONA THERAPEUTIC HORSEMANSHIP CIO NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 December 2025 15 Anatysis of assets between funds Flxed Assets Net Current Assets Creditors of more than one year Total Unrestrirted funds General Restrirted fund5 As at 31 December 2025 164,Clll 132,803 30,541 163,344 296,814 30,541 327.355 164.011 16 Summary of movement In funds The restricted income funds of the charity arisinB through its activities are as follows.. Fund name IFunderl Restrlcted purpose of fundSng The Gibbons Family Trust National Lottery Communlty Fund Swire Charitable Trust The Norman Family Trust Pixel Trust GranistQ 5UStain the attivtties atslrona Agrant to Sustsin and enhan¢ethe attNities atSiron3 A grantfor core costs A8rantforgeneral session costs A grantto piovide subsidised sesSiODStOyOUDÉ people experlencing increased ment31 health issues Glants for buisaries and trainin8 A graAtfor8enÈpl costs A grantforbur5arSes A8r3ntforgeneral cost5 8rltish Horse Society The Veronica Awdry Charitable Trust The Hargreaves Foundatior> Wakefleld Trust High Sheriff of Devon via Devon Community Foundation Souter Trust Sir Jules Thorn Trust Magdalen Trust The Pets Foundation The Elmgrènt Trust St James's Place Charitable Foundation The Lorimer Trust Atithony V Martin Charitable Trust A8rantforourcharrtible work A 8f3nt for8eneTal costs A8tfor general wsts A grani forgeneral costs A8r3ntto provlde 5e5sionstoyoung people A grantforse55ions With young people with disabilrcles Agkntforourcharitsble Work A 8rantfor bursaries A granttoward5 our charitsble work 18
SIRONA THERAPEufic HORSEMANSHIP CIO NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2025 17 The movements of funds for the year ended 31 December 2025 were as follows-. Open5ttg In¢omlTrB balance resources OutgoinR TransfeTS resources C105ing Balanc Restricted funds The Gibbons Family Trust National Lottery Community Fund Swire Charitable Trust The Norman Family Trust Pixel Trust British Horse Society bursary grants The Veronica Awdry ChaTItBble Trust H3rgreaves Wakefse1d Trust HiEh Shèriff of Devon via Devon Community Foundation Souter Trust Sir Jule5 Thorn Trust Magdalen Trust Pet's Foundation Elmgrant Trust St james's Place Charltable Foundation The Lorimer Trust Anthony V Martin Charitable Trust 519 519 50,000 7,500 257 7,282 500 2,000 6534 833 1,500 2,200 1,500 1,000 16,417 1,200 10,000 818 1,068 50,000 15,000 7,500 257 4,716 7,280 500 4,714 2,000 9.445 2,000 1,500 2,OCKI 2,911 1,667 500 1.000 1,500 1,0 16,417 1,200 800 10,835 10,835 10,000 1,000 3,000 182 1.932 29,109 112,560 111.128 30,541 Unrestricted fuftds Genera 131.962 296,814 217,419 211,357 Sufficient resources are held for each restricted fund in an appropriate form to Enable funds to be applied in accordènce with the restrictions. 19