REGISTERED CHARITY NUMBER: 1170553
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR THEHORSECOURSE CIO
Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
THEHORSECOURSE CIO
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
THEHORSECOURSE CIO
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society by enhancing life skills of such people (a) through interaction with horses or (b) by advancing the education of such people and those supporting such people.
The charity follows 6 strategic priorities that guide our activities to deliver these objects:
1. Boldly Innovate
Develop effective behaviour-change programmes based on horse/human interactions.
2. Rigorously Test & Evidence
Participate in robust research and evaluation. Aim for randomised controlled clinical trials as the gold standard.
3. Deliver Excellent Services
Provide effective services for socially excluded individuals where all else is failing.
4. Generate Sustainable Income
Test and prove the market for our work, so that service delivery and replication are sustainable.
5. Replicate Carefully
Provide high quality training, materials and support to ensure faithful replication by independent organisations.
6. Freely Disseminate Knowledge and Skills
Share methodology, materials and learning freely - to enhance the world in which our beneficiaries live. Give away intellectual property to maximise social impact.
Significant activities
In setting our objectives and planning our activities our trustees have given careful consideration to the Charity Commission's public benefit guidance. We have taken action on our priorities this year as follows:
1. Boldly Innovate
Our primary innovation, the ReStart programme is now 11 years old and has been well tested with over 1000 ReStarts delivered and multiple evaluations. We have joined with Bournemouth University to research further innovation in the realm of virtual reality and neuroscience. Initial experiments have begun, using wearable psycho-physiology technologies such as EEG.
2. Rigorously Test & Evidence
We have had numerous studies published in international peer-reviewed journals.
Please see www.thehorsecourse.org/evidence.
This year we presented plans for our initial Neuro-VR pilot at the HETI (Horses in Education and Therapy International) Congress 2021, in partnership with Bournemouth University.
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THEHORSECOURSE CIO
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
We also presented the recent findings relating to impact with a DVA cohort (domestic violence and abuse) – showing a 51% decrease 12 months post-intervention, whereas the control group had a 17% increase. Statistically significant results p<0.05.
We hope and expect to participate in a gold standard randomised controlled study within the coming few years.
3. Deliver Excellent Services
Throughout the COVID-19 pandemic we have continued working face-to-face, at the request of Dorset Council, for those at highest risk, (Domestic abuse, Child protection, Suicide, Mental Health hospitalisation).
Despite the reduced service, we delivered our well-evidenced ReStart programme to 106 people with multiple complex needs. This is our flagship 1-to-1 high impact equine-assisted programme for improving emotional regulation and thinking skills. 5 consecutive days of 2 hour sessions concentrating on 8 core skills for those referred by frontline professionals when talking isn't working. We achieved a 90% completion rate in our ReStart programmes, low for us but still very high. We delivered lighter touch equine-assisted services for 147 people with multiple complex needs, this number was higher than previously as it includes, alongside top up sessions, taster sessions for most referrals to reduce no shows for the 5 day programme.
We phoned or zoomed 193 individuals/families to do welfare checks and offer follow on support if needed.
We delivered our horseless programme "Non verbals Toolbox Training" to only 52 people/families – much lower than the previous year as group workshops were not allowed for most of the year. We switched to zoom, with the emphasis on supporting specific families who we were already working with. We have begun to build a more zoom-oriented version of the workshop going forward.
Staff were furloughed and de-furloughed as needed and we survived thanks to a mixture of government furlough support, local authority commissioning and support, and additional grants from the National Lottery, Esmée Fairbairn Foundation and others.
We continued to provide supported volunteering for those in greatest need throughout lockdowns, with agreement from NHS teams. Across the whole year we had 37 supported volunteers and 5 community volunteers. Our volunteers keep our site clean, care for the horses and hens and grow vegetables to cook, take home and supply our local food bank. Our new Horticulture leader installed a large teaching greenhouse as part of the kitchen garden development.
We offered alternative provision to education and ofqual accredited qualifications in partnership with Weymouth College to a total of 19 individuals. We had 24 young people for equine/horticulture activities onsite under the local authority’s programme for disadvantaged families, “Summer in Dorset”.
We maintained our 4 star rating with local authority welfare licencing. We also maintained our Code of Practice Award with the umbrella organisation Social Farms & Gardens as a way of further demonstrating our high standards.
4. Generate sustainable income
We have developed a sustainable funding mix with local authority commissioning alongside grants and community fundraising. This year we have made some progress towards commissioning from our local CCG in relation to the significant amount of work we do for CAMHS patients who are unable to engage with talk-based therapy.
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THEHORSECOURSE CIO
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
5. Replicate Carefully
We train exceptional horsemen in our practice and then encourage and support successful trainees to register as independent charities with local governance, delivering our programmes under licence, or to join forces with one of the existing centres currently delivering our programmes. Centres are running in Dorset (x2), Gloucester, London, Sussex, Kent, and Surrey, Wales, Oregon (USA) and Manitoba (Canada).
Our painstaking training process limits replication and therefore reach. This year we have embarked on a project to capture in detail our equine-assisted practice using video technology - this project is named “Bottle It” and will continue for at least 12 months, ready to feed into a new training programme.
6. Freely Disseminate Knowledge and Skills
We share our materials and knowledge freely on our website, through social media networks, by participating in youth, equine-assisted and community support for a, and through our “Deep Dive” workshops.
Goals
We aim to develop a blended learning system for facilitator training, mixing an online platform which includes video materials, onsite workshops and self-study to open our training to a broader range of candidates in a cost-effective way. In this way we hope to increase the number of centres in the UK and beyond who can deliver our proven programmes.
We have also started a highly experimental project to develop a Neuro-VR version of our equine-assisted programme “ReStart” as a way to hugely increase our beneficiary reach and support those with mental health challenges worldwide. This will require a number of partnerships, starting with a university and ending with a mainstream gaming/VR production company. Bournemouth University are already participating in this project with us, as described above. Future partners will be approached once we have a prototype.
ACHIEVEMENT AND PERFORMANCE
Our total number of beneficiaries is over 600 per year, even this year - despite COVID-19. We continue to run full time services all year Mon-Fri 9am-5pm with 2 weeks closure at Christmas.
A huge achievement was (and is) to contribute to the support of high risk individuals and families during the COVID-19 pandemic, as mentioned above.
Simply surviving the pandemic financially was also an achievement, helped by the credibility we have built through our attention to impact evidence over the years.
We are grateful to all our funders, commissioners and supporters, who have made it possible to keep our doors open throughout the pandemic. (eg Asda groceries pictured).
FINANCIAL REVIEW
Principal funding sources
Principal funding sources for the year included:
Alex Roberts-Miller Foundation BBC Children in Need Coop Community Fund Comic relief (Groundworks UK) Coward Endowment Dorset Council Esmée Fairbairn HMRC - JRS Leathersellers Company Loriners Charitable Trust The National Lottery (RC) Valentine Trust Screwfix Foundation
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THEHORSECOURSE CIO
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
Reserves policy
The trustees successfully maintained reserves representing 3 months of operating costs throughout the year, in accordance with their reserves policy.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is controlled by its constitution which was adopted on 28 November 2016 and registered as a Charitable Incorporated Organisation (CIO) by the Charity Commission of England and Wales on 5 December 2016 to replace the previous organisation (1141654) which was registered as a charity by the Charity Commission of England and Wales on 3rd May 2011. The constitution was amended on 5th July 2019.
All assets of the previous charity registration (1141654) were vested in the CIO on 19 January 2017 and the CIO took over all the activities of the organisation from 1 April 2017. The board of trustees for both entities was the same at time of transfer. The previous charity ceased all activities at the same time and was wound up then formally dissolved on 18 May 2018.
Trustees are recruited in line with a Trustee Role Description and our Safer Recruitment Policy (including DBS check) and are given level 2 Safeguarding training.
Along with the organisation's suite of policies, Trustees maintain a Governance Policy and a Financial Policy specifically to guide their governance activities.
THC adheres to the Charity Governance Code, as supported by the Charity Commission.
Dr Nick Kosky held special responsibility for Safeguarding at board level, liaising with the charity's designated Safeguarding Officer, our CEO. Dr Kosky stepped down as a trustee on 3/3/21. Trustee Justine Davie took on the board level safeguarding responsibility.
Emily Bolton holds special responsibility for Health & Safety and signs the H&S policy accordingly. Rob Cole joined the board 3/3/21 and took over as Treasurer in line with his position as FD of Weymouth College. Liz Eaton BHSI has oversight of the interaction with equines which is managed through careful recruitment and training of expert facilitators plus detailed risk assessments and safe systems of work.
The charity is a member of NCVO and Dorset Youth Association, is approved by Dorset Council Family Partnership Zones and follows guidance from Dorset Safeguarding Board and National Youth Agency.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1170553
Principal address
Top Yard Littlemead Weymouth Dorset DT3 5DL
Trustees
Ms A Rose-Prynn Chair Dr N Kosky Treasurer (resigned 3.3.21) Ms E Bolton Secretary R C Wilkin Ms J Davie Ms E A Eaton R Cole Treasurer (appointed 3.3.21)
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THEHORSECOURSE CIO
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2021
Independent Examiner Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS Jan 24, 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Anna Rose-Prynn (Jan 24, 2022 15:43 GMT) Ms A Rose-Prynn - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEHORSECOURSE CIO
Independent examiner's report to the trustees of TheHorseCourse CIO
I report to the charity trustees on my examination of the accounts of TheHorseCourse CIO (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA FCIE which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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.
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 accounts to be reached.
Ian Barrett
Ian Barrett (Jan 24, 2022 15:51 GMT)
Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS Jan 24, 2022 Date: .............................................
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THEHORSECOURSE CIO
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 311,781 Investment income 2 2 Total 311,783 EXPENDITURE ON Charitable activities Charity 231,882 NET INCOME/(EXPENDITURE) 79,901 RECONCILIATION OF FUNDS Total funds brought forward 69,564 TOTAL FUNDS CARRIED FORWARD 149,465 |
Restricted funds £ 89,997 - 89,997 121,838 (31,841) 34,841 3,000 |
2021 Total funds £ 401,778 2 401,780 353,720 48,060 104,405 152,465 |
2020 Total funds £ 323,127 - |
|---|---|---|---|
| 323,127 299,785 |
|||
| 23,342 81,063 |
|||
| 104,405 |
The notes form part of these financial statements
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THEHORSECOURSE CIO
BALANCE SHEET 31 March 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 5 11,363 CURRENT ASSETS Debtors 6 9,226 Cash at bank and in hand 136,492 145,718 CREDITORS Amounts falling due within one year 7 (7,616) NET CURRENT ASSETS 138,102 TOTAL ASSETS LESS CURRENT LIABILITIES 149,465 NET ASSETS 149,465 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 3,000 3,000 - 3,000 3,000 3,000 |
2021 Total funds £ 11,363 9,226 139,492 148,718 (7,616) 141,102 152,465 152,465 149,465 3,000 152,465 |
2020 Total funds £ 4,650 10,936 99,675 110,611 (10,856) 99,755 104,405 104,405 69,564 34,841 104,405 |
|---|---|---|---|
Note: As a crucial local service, TheHorseCourse was supported with one-off core funding from The National Lottery COVID Fund so that we could survive and enter the coming year with higher than usual reserves to mitigate against the uncertain financial landscape for 2021/22.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Jan 24, 2022
Anna Rose-Prynn (Jan 24, 2022 15:43 GMT) ............................................. Ms A Rose-Prynn - Trustee
The notes form part of these financial statements
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THEHORSECOURSE CIO
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Motor vehicles - 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Deposit account interest | 2 | - |
continued...
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THEHORSECOURSE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 210,155 EXPENDITURE ON Charitable activities Charity 201,761 NET INCOME 8,394 RECONCILIATION OF FUNDS Total funds brought forward 61,170 TOTAL FUNDS CARRIED FORWARD 69,564 TANGIBLE FIXED ASSETS Fixtures and fittings £ COST At 1 April 2020 11,336 Additions 9,539 At 31 March 2021 20,875 DEPRECIATION At 1 April 2020 6,686 Charge for year 2,826 At 31 March 2021 9,512 NET BOOK VALUE At 31 March 2021 11,363 At 31 March 2020 4,650 |
Restricted funds £ 112,972 98,024 14,948 19,893 34,841 Motor vehicles £ 13,064 - 13,064 13,064 - 13,064 - - |
Total funds £ 323,127 299,785 |
|---|---|---|
| 23,342 81,063 |
||
| 104,405 | ||
| Totals £ 24,400 9,539 33,939 19,750 2,826 22,576 11,363 4,650 |
continued...
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THEHORSECOURSE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 37,064 Core expenditure reserve 32,500 69,564 Restricted funds Capital Project 5,341 Delivery Projects 29,500 34,841 TOTAL FUNDS 104,405 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 311,783 Restricted funds Capital Project 45,997 Delivery Projects 44,000 89,997 TOTAL FUNDS 401,780 |
2021 2020 £ £ 7,210 6,264 2,016 4,672 9,226 10,936 2021 2020 £ £ 7,616 10,856 7,616 10,856 Net movement At in funds 31.3.21 £ £ 79,901 116,965 - 32,500 79,901 149,465 (5,341) - (26,500) 3,000 (31,841) 3,000 48,060 152,465 Resources Movement expended in funds £ £ (231,882) 79,901 (51,338) (5,341) (70,500) (26,500) (121,838) (31,841) (353,720) 48,060 |
|---|---|
continued...
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THEHORSECOURSE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.19 £ Unrestricted funds General fund 28,670 Core expenditure reserve 32,500 61,170 Restricted funds Capital Project 7,393 Delivery Projects 12,500 19,893 TOTAL FUNDS 81,063 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 210,155 Restricted funds Capital Project 41,972 Delivery Projects 71,000 112,972 TOTAL FUNDS 323,127 |
Net movement At in funds 31.3.20 £ £ 8,394 37,064 - 32,500 8,394 69,564 (2,052) 5,341 17,000 29,500 14,948 34,841 23,342 104,405 Resources Movement expended in funds £ £ (201,761) 8,394 (44,024) (2,052) (54,000) 17,000 (98,024) 14,948 (299,785) 23,342 |
|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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THEHORSECOURSE CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| INCOME AND ENDOWMENTS Donations and legacies Course delivery fees Donations Grants Horse sponsorship Training fees Covid 19 grant funding Covid 19 Government Grant Funding Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Clothing costs Training and CPD Motor expenses Travel and subsistence Subscriptions Horse expenses and course consumables Other expenses Staff costs Facility hire Insurance Light and heat Telephone Postage and stationery Software Maintenance Marketing and publicity Improvements to leasehold premises Rates and water Support costs Depreciation Fixtures and fittings Motor vehicles |
2021 £ 69,618 9,386 142,997 4,328 62 119,491 55,896 401,778 2 401,780 577 1,726 1,514 - 385 7,879 846 214,932 28,680 3,717 691 2,744 337 1,397 6,972 - 74,161 555 347,113 2,826 - 2,826 |
2020 £ 53,256 28,264 231,471 6,518 3,618 - - |
|---|---|---|
| 323,127 - |
||
| 323,127 764 1,979 2,036 466 428 8,445 1,647 190,056 22,758 4,850 1,250 2,491 1,125 1,105 3,452 252 44,024 400 |
||
| 287,528 2,597 6,439 |
||
| 9,036 |
This page does not form part of the statutory financial statements
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THEHORSECOURSE CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2021
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021 |
||
|---|---|---|
Governance costs Accountancy and legal fees Bank and credit card charges Total resources expended Net income |
2021 £ 3,780 1 3,781 353,720 48,060 |
2020 £ 3,216 5 |
| 3,221 | ||
| 299,785 | ||
| 23,342 |
This page does not form part of the statutory financial statements
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