**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 Page 1 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. Page 2 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. Page 3 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. Page 4 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 Page 5 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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: ............................................. Page 6 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 Page 7 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 Page 8 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... Page 9 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... Page 10 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... Page 11 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. Page 12 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 Page 13 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 Page 14