2023-03-31-accounts - Thehorsecourse

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REGISTERED CHARITY NUMBER: 1170553

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2023

	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 2023

The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 intensive ReStart programme is now 13 years old and has been well tested with over 1200 ReStarts delivered in Dorset alone, and multiple evaluations. We continued research and development efforts with Bournemouth University to further innovate in the realm of virtual reality and neuroscience. With Google and Bristol University, we are looking at motion sensing and soft robotics.

2. Rigorously Test & Evidence

We have had numerous studies (including large scale pre-post, controlled, qualitative analysis) published in international peer-reviewed journals which clearly demonstrate the high impact of the ReStart programme – upon which all our other work is based. TheHorseCourse is regarded as a leader in demonstrating effectiveness within an action-based approach to improving psycho-social skills, in particular where talk-based approaches have failed (hard to reach/treat individuals). This evidence base is what drives professional referrals from professionals in mental health, social care and education, and funding streams from Trusts, our Local Authority, Schools and NHS.

Please see www.thehorsecourse.org/evidence

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THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2023

3. Deliver Excellent Services

We supported over 700 people and their families this year: We delivered our well-evidenced ReStart programme to 142 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. Our completion rate dropped for the first time from 98% to 90%, reflecting a higher level of complexity in our referrals. We also delivered lighter touch equineassisted/horticulture services for 264 people - including Alternative Education, taster sessions and unlimited top up sessions for those needing tapered support (or to revisit following a blip).

We delivered other forms of support or training to 227 people.

We provided supported volunteering (Working Wellies) for 68 people needing longer term engagement to build confidence in groups. Our Working Wellies keep our site clean, care for the horses and rescue hens and grow vegetables to cook, take home and supply our local food bank. Another 24 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 continues to support all the activities onsite!

Five Rivers, continue to 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 2023

4. Generate sustainable income

We have developed a sustainable funding mix with local authority commissioning alongside grants and community fundraising. This year we began a two year pilot funded by our local NHS 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 trained 5 additional TheHorseCourse Approved Facilitators – some will work in existing supported centres whilst others hope to set up new centres.

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 and conferences.

As part of our participation and leadership within the wider Equine Assisted Services (EAS) sector, we are proud to have led a project to create an ofqual-regulated "vanilla" L3 EAS Diploma, to raise standards for the whole sector. This project involves deep collaboration with peers in the sector. Most of the work is done, OCN London are the awarding body taking the diploma through Ofqual approval processes and we are building an Alliance of well-established EAS service providers from a wide range of EAS practices to deliver the diploma nationally. We aim to start training the first cohort later in 2023.

In addition we participate in the international work of HETI (Horses in Education & Therapy International), specifically their ethics and terminology working groups. This year we became a federation member of HETI to reflect our greater involvement in the wider EAS sector both nationally and internationally.

Goals

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

We aim to be a confident voice within a movement to raise standards and improve access to services in our EAS sector and beyond in the green care, mental health and youth sectors.

We aim to be part of a training alliance to deliver Ofqual regulated qualifications for equine-assisted facilitators at entry level and in our specialised methodology. In this way we hope to improve the standard of EAS practice in the UK and increase the number of centres where high quality, varied EAS programmes are available.

We will also continue 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 mentioned above.

ACHIEVEMENT AND PERFORMANCE

Our total number of beneficiaries is over 700 per year. We continue to run full time services all year Mon-Fri 9am-5pm with 2 weeks closure at Christmas.

We are grateful to all our funders, commissioners and supporters, who make it possible to keep our doors open.

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THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2023

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 Coop Community Fund Coward Endowment Dorset Council Garfield Weston Foundation Masonic Charitable Foundation NCS–Year of Service NHS: CAMHS Pets Foundation (formerly Pets at Home) Public donations Ruth Blaug Legacy Swire Trust The Loriners Charitable Trust The National Lottery UK Youth - thriving minds Valentine Trust Worshipful Company of Loriners

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, a Financial Policy and a Risk Register 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 and Liz Eaton held special responsibility for Health & Safety (EMB retired 1[st] September 2022). 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) is registered with the Human Equine Interactions Register (HEIR), holds the Green Care Quality Mark from Social Farms & Gardens, and follows guidance from Dorset Safeguarding Board and the National Youth Agency.

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THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2023

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

Independent Examiner

Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS 23/01/2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Anna Rose-Prynn (Jan 23, 2024 19:37 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 2023.

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 member of the Institute of Chartered Accountants in England & Wales and the Association of Charity Independent Examiners, both of which are 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, 2024 14:19 GMT) Signed: .............................................

Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS 24/01/2024 Date: .............................................

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THEHORSECOURSE CIO

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 March 2023

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 188,959 Investment income 2 166 Total 189,125 EXPENDITURE ON Charitable activities Charity 184,167 NET INCOME/(EXPENDITURE) 4,958 RECONCILIATION OF FUNDS Total funds brought forward 77,228 TOTAL FUNDS CARRIED FORWARD 82,186	Restricted funds £ 150,267 - 150,267 135,342 14,925 16,075 31,000	2023 Total funds £ 339,226 166 339,392 319,509 19,883 93,303 113,186	2022 Total funds £ 250,537 41 250,578 309,740 (59,162) 152,465 93,303

The notes form part of these financial statements

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THEHORSECOURSE CIO

BALANCE SHEET 31 March 2023

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 5 11,223 CURRENT ASSETS Debtors 6 8,728 Cash at bank and in hand 91,798 100,526 CREDITORS Amounts falling due within one year 7 (29,563) NET CURRENT ASSETS 70,963 TOTAL ASSETS LESS CURRENT LIABILITIES 82,186 NET ASSETS 82,186 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - - 31,000 31,000 - 31,000 31,000 31,000	2023 Total funds £ 11,223 8,728 122,798 131,526 (29,563) 101,963 113,186 113,186 82,186 31,000 113,186	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

23/01/2024 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

Anna Rose-Prynn (Jan 23, 2024 19:37 GMT).............................................

A Rose-Prynn – Chair of Trustees

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 2023

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
	2023	2022
	£	£
Deposit account interest	166	41

continued...

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THEHORSECOURSE CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

5.

Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 155,197 Investment income 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 TANGIBLE FIXED ASSETS Fixtures and fittings £ COST At 1 April 2022 and 31 March 2023 31,298 DEPRECIATION At 1 April 2022 15,671 Charge for year 4,404 At 31 March 2023 20,075 NET BOOK VALUE At 31 March 2023 11,223 At 31 March 2022 15,627	Restricted funds £ 95,340 - 95,340 82,265 13,075 3,000 16,075 Motor vehicles £ 22,395 22,395 - 22,395 - -	Total funds £ 250,537 41 250,578 309,740 (59,162) 152,465 93,303 Totals £ 53,693 38,066 4,404 42,470 11,223 15,627

continued...

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THEHORSECOURSE CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

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 1.4.22
£
Unrestricted funds
General fund
77,228
Restricted funds
Delivery Projects
16,075
Pets at Home
-
16,075
TOTAL FUNDS
93,303
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
189,125
Restricted funds
Delivery Projects
115,877
Pets at Home
34,390
150,267
TOTAL FUNDS
**339,392 **

2023
2022
£
£
3,695
3,255
5,033
2,364
8,728
5,619
2023
2022
£
£
1,893
6,322
27,670
5,608
29,563
11,930
Net
movement
At
in funds
31.3.23
£
£
4,958
82,186
(16,075)
-
31,000
31,000
14,925
31,000
19,883
113,186
Resources
Movement
expended
in funds
£
£
(184,167)
4,958
(131,952)
(16,075)
(3,390)
31,000
(135,342)
14,925
(319,509)
19,883

continued...

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THEHORSECOURSE CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.21 £ Unrestricted funds General fund 149,465 Restricted funds Delivery Projects 3,000 TOTAL FUNDS 152,465 Comparative 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	Net movement At in funds 31.3.22 £ £ (72,237) 77,228 13,075 16,075 (59,162) 93,303 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)

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

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THEHORSECOURSE CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023

INCOME AND ENDOWMENTS Donations and legacies Course delivery fees Donations Grants Horse sponsorship Training fees Covid 19 Government Grant Funding Rental income Use of facilities and support 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	2023 £ 58,340 8,361 248,890 3,064 1,371 - - 19,200 339,226 166 339,392 - 4,571 2,285 303 808 7,625 3,296 222,469 37,667 2,201 942 2,491 174 1,907 4,902 7,639 335 12,235 311,850 4,404 - 4,404	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

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 2023 Other 3 Governance costs Accountancy and legal fees Bank and credit card charges Total resources expended Net income/(expenditure)	2023 £ 3,240 15 3,255 319,509 19,883	2022 £ 3,440 2 3,442 309,740 (59,162)

This page does not form part of the statutory financial statements

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