2022-03-31-accounts - Thehorsecourse

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REGISTERED CHARITY NUMBER: 1170553

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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 2022

	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 13
Detailed Statement of Financial Activities	14 to 15

THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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 12 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 are promising, using wearable psycho-physiology technologies such as EEG. Additional research is underway with Google and Bristol University, looking at motion sensing and soft robotics.

2. Rigorously Test & Evidence

We have had numerous studies published in international peer-reviewed journals.

Please see www.thehorsecourse.org/evidence

This year our findings relating to impact with a DVA cohort (domestic violence and abuse) were published in a peerreviewed scientific journal, Family Process. The study shows a 51% decrease in DVA 12 months post-intervention, whereas the control group had a 17% increase. Statistically significant results p<0.05. https://onlinelibrary.wiley.com/doi/10.1111/famp.12768

We hope and expect to participate in a gold standard randomised controlled study within the coming years.

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THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

3. Deliver Excellent Services

Throughout the COVID-19 pandemic we worked face-to-face, at the request of Dorset Council and NHS mental health services, for those at highest risk, (Domestic abuse, Child protection, Suicide, Mental Health hospitalisation).

Coming out of the pandemic we were able to increase footfall, delivering our well-evidenced ReStart programme to 150 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 98% completion rate in our ReStart programme, and had only 3% no-shows for booked courses. We delivered lighter touch equine-assisted/horticulture services for 165 people - including Alternative Education, taster sessions and unlimited top up sessions for those needing tapered support (or to revisit following a blip).

We delivered horseless support/trainings to 225 people - welfare checks and our Non-verbals Toolbox Training workshops.

We provided supported volunteering (Working Wellies) for 45 people needing longer term engagement to build confidence in groups. Our Working Wellies keep our site clean, care for the horses and hens and grow vegetables to cook, take home and supply our local food bank. Another 45 people from the local community volunteered over the year - on specific construction and painting projects and to help with our supported groups.

Colin the rescue cat arrived this year, adding an extra dimension to the relaxing atmosphere!

We registered as an OCN London centre so that we can now deliver ofqual-regulated and other accredited qualifications as part of our alternative education provision. We also partnered with another organisation this year, Five Rivers, who now deliver 1-to-1 full curriculum alternative education provision from a classroom on our site.

We maintain our 4 star rating with local authority welfare licencing. We also maintain both Social Farms & Gardens and Charity Excellence quality marks as a way of further demonstrating our high standards. We are regularly inspected by Dorset Council in relation to commissioning our services for vulnerable young people.

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THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

4. Generate sustainable income

We have developed a sustainable funding mix with local authority commissioning alongside grants and community fundraising. This year we agreed two years of pilot funding from our local CCG for the significant amount of work we do for CAMHS patients who are unable to engage with talk-based therapy.

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, Devon and Surrey, Wales, Oregon (USA) and Manitoba (Canada).

Our painstaking Facilitator training process limits replication and therefore reach. This year we have almost completed a project to capture in detail our equine-assisted practice using video technology - this project is named "Bottle It" and will feed into a new training programme. The new training curriculum has been trialled and we are now working with OCN London to create an Ofqual registered facilitator qualification. Once ready, we will be able to roll out a blended learning approach to a greater number of trainees each year.

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 conferences (eg presenting at the “On Track” mental health event at Bovington Tank Museum), and through our "Deep Dive" workshops.

As part of our facilitator qualification development, we are proud to be leading a project for the wider equine-assisted sector, to create an ofqual-regulated "vanilla" facilitator qualification, to raise standards for the whole sector. This project involves deep collaboration with peers in the sector, which relies on our strong reputation for evidence-based, high-quality practice. Our own trainee facilitators will in future be required to gain this sector-wide level 3 qualification before going on to our specialist training and qualification.

In addition we participate in the international work of HETI (Horses in Education & Therapy International), specifically their ethics and terminology working groups.

Goals

We aim to continue providing our centre of excellence for service delivery.

We aim to develop a recognised set of qualifications for equine-assisted facilitators at entry level and in our specialised methodology. We will build a blended learning system for 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 are also continuing our work on highly experimental projects to develop a Neuro-VR or other mass-scale versions of our equine-assisted programme "ReStart" as a way to increase our reach and support those with mental health challenges worldwide, as described above.

ACHIEVEMENT AND PERFORMANCE

Our total number of beneficiaries is over 600 per year. We continue to run full time services all year Mon-Fri 9am-5pm with 2 weeks closure at Christmas.

Surviving the pandemic and its continuing aftermath is an achievement in itself. We are grateful to all our funders, commissioners and supporters, who made it possible to keep our doors open throughout.

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THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

FINANCIAL REVIEW Principal funding sources

Principal funding sources for the year included:

Alex Roberts-Miller Foundation Alice Ellen Cooper Dean Trust BBC Children in Need Comic Relief (Groundworks) Coop Community Fund Coward Endowment Dorset Council Edward Gostling Foundation Esmée Fairbairn Foundation Garfield Weston Foundation HMRC - JRS Masonic Charitable Foundation Ritchie Trust Skillsmax The Loriners Charitable Trust The National Lottery Valentine Trust Worshipful Company of Leathersellers Foundation

We would also like to thank Katy Overton (London) and Dillon Creedon (Amsterdam), who ran marathons for us this year - raising nearly £4000 between them.

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

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THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

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.

Trustee roles: Justine Davie, held special responsibility for Safeguarding at board level, liaising with the charity's designated Safeguarding Officer, our CEO. Emily Bolton held special responsibility for Health & Safety and signs the H&S policy accordingly. Rob Cole acted as Treasurer in line with his position as FD of Weymouth College. Liz Eaton BHSI had oversight of the interactions 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 Dorset Youth Association, is approved by Dorset Council (Welfare Licencing & Childrens Services) 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

A Rose-Prynn Chair E Bolton Secretary (retired 1.9.22) R C Wilkin J Davie E A Eaton R Cole Treasurer S Lynch (appointed 26.5.21)

Independent Examiner

Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS

Dec 2, 2022

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Anna Rose-Prynn (Dec 2, 2022 12:52 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 2022.

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

Signed: ............................................. Ian Barrett (Dec 5, 2022 10:21 GMT)

Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS Dec 5, 2022 Date: .............................................

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THEHORSECOURSE CIO

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 March 2022

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 155,197 Investment income 2 41 Total 155,238 EXPENDITURE ON Charitable activities Charity 227,475 NET INCOME/(EXPENDITURE) (72,237) RECONCILIATION OF FUNDS Total funds brought forward 149,465 TOTAL FUNDS CARRIED FORWARD 77,228	Restricted funds £ 95,340 - 95,340 82,265 13,075 3,000 16,075	2022 Total funds £ 250,537 41 250,578 309,740 (59,162) 152,465 93,303	2021 Total funds £ 401,778 2
			401,780
			353,720
			48,060 104,405
			152,465

The notes form part of these financial statements

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THEHORSECOURSE CIO

BALANCE SHEET 31 March 2022

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 5 15,627 CURRENT ASSETS Debtors 6 5,619 Cash at bank and in hand 67,912 73,531 CREDITORS Amounts falling due within one year 7 (11,930) NET CURRENT ASSETS 61,601 TOTAL ASSETS LESS CURRENT LIABILITIES 77,228 NET ASSETS 77,228 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - - 16,075 16,075 - 16,075 16,075 16,075	2022 Total funds £ 15,627 5,619 83,987 89,606 (11,930) 77,676 93,303 93,303 77,228 16,075 93,303	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

The financial statements were approved by the Board of Trustees and authorised for issue on

Dec 2, 2022 ............................................. and were signed on its behalf by:

............................................. Anna Rose-Prynn (Dec 2, 2022 12:52 GMT) 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 2022

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
	2022	2021
	£	£
Deposit account interest	41		2

continued...

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THEHORSECOURSE CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted funds £ INCOME AND ENDOWMENTS 311,781 Investment income 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	Total funds £ 401,778 2
		401,780
		353,720
		48,060 104,405
		152,465

continued...

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THEHORSECOURSE CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS Fixtures and fittings £ COST At 1 April 2021 20,875 Additions 8,756 Disposals (492) At 31 March 2022 29,139 DEPRECIATION At 1 April 2021 9,512 Charge for year 4,223 Eliminated on disposal (223) At 31 March 2022 13,512 NET BOOK VALUE At 31 March 2022 15,627 At 31 March 2021 11,363 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 8. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 149,465 Restricted funds Delivery Projects 3,000 TOTAL FUNDS 152,465	Motor vehicles £ 13,064 - - 13,064 13,064 - - 13,064 - - 2022 £ 3,255 2,364 5,619 2022 £ 6,322 5,608 11,930 Net movement in funds £ (72,237) 13,075 (59,162)	Totals £ 33,939 8,756 (492) 42,203 22,576 4,223 (223) 26,576 15,627 11,363 2021 £ 7,210 2,016 9,226 2021 £ 1 7,615 7,616 At 31.3.22 £ 77,228 16,075 93,303

continued...

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THEHORSECOURSE CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

8. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
155,238
Restricted funds
Capital Project
5,931
Funding for Hubs
1,434
Delivery Projects
87,975
95,340
TOTAL FUNDS
250,578
Comparatives for 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
Comparative 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

Resources
Movement
expended
in funds
£
£
(227,475)
(72,237)
(5,931)
-
(1,434)
-
(74,900)
13,075
(82,265)
13,075
(309,740)
(59,162)
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 2022

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

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THEHORSECOURSE CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 March 2022

INCOME AND ENDOWMENTS Course delivery fees Donations Grants Horse sponsorship Training fees Covid 19 grant funding Covid 19 Government Grant Funding Rental income 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 Improvements to leasehold premises Rates and water Research and Development Support costs Other 3 Fixtures and fittings Loss on sale of tangible fixed assets	2022 £ 70,540 7,202 150,767 3,920 359 - 9,675 8,074 250,537 41 250,578 651 3,382 2,284 109 386 8,425 1,008 208,033 37,040 2,132 986 2,379 300 1,599 11,128 14,263 368 7,333 301,806 4,223 269 4,492	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

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 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022
Other 3 Governance costs Accountancy and legal fees Bank and credit card charges Total resources expended Net (expenditure)/income	2022 £ 3,440 2 3,442 309,740 (59,162)	2021 £ 3,780 1
		3,781
		353,720
		48,060

This page does not form part of the statutory financial statements

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