2026-03-31-accounts - Thehorsecourse

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REGISTERED CHARITY NUMBER: 1170553

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

THEHORSECOURSE CIO

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2026

	Page
Report of the Trustees	3 to 5
Approval Statement & Accountant’s Report	6
Income & Expenditure	7
Balance Sheet	8
Notes to the Accounts	9 to 11

Cover photo credits: Ride the Sky Equine Photography, Tennessee, USA; Ute Leonards, Bristol University

THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2026

The trustees present their report with the accounts for the charity for the year ended 31 March 2026.

OBJECTIVES AND ACTIVITIES

Objects

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.

Strategic priorities

The following 6 strategic priorities have guided our activities since 2010. After 15 years of developing and testing our flagship equine-assisted intervention, the ReStart , we have completed a number of our original goals and have now stepped back from direct service delivery to focus on training and supporting others to deliver our equine assisted services (EAS), and to work on further innovation and research. We continue to be guided by our original six strategic priorities.

1. Boldly Innovate

Develop effective behaviour-change programmes based on horse/human interactions.

Our innovative equine-assisted ReStart programme is now stable and proven
We continue to work with universities on innovative VR/Robotics systems as a means of tackling social exclusion at greater scale.

Air-filled robot, Luma (www.airgiants.co.uk), in a public setting and during experiments with TheHorseCourse and Bristol University

2. Rigorously Test & Evidence

Participate in robust research and evaluation.

The equine-assisted ReStart programme has been subjected to numerous studies including large scale, controlled datasets showing significant benefits for youth outcomes and to reduce domestic violence. It

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THEHORSECOURSE CIO

now has a more compelling evidence base than most talk-based psychotherapies or other behaviour change programmes. This strong evidence underpins the funding and commissioning streams for those we train to replicate our service.

We follow the same evaluation principles for our VR/Robotics projects.

3. Deliver Excellent Services

Provide effective services for socially excluded individuals where all else is failing.

We support those we have trained to provide face-to-face services in the UK and overseas. There are currently 12 centres in the UK and 6 overseas.

4. Generate Sustainable Income

Test and prove the market for our work, so that service delivery and replication are sustainable.

Though funding is extremely difficult for all charities and services at present, our associated centres are able to compete for funding due to the excellent evidence base we have built to demonstrate the efficacy and cost-effectiveness of the equine-assisted ReStart programme

5. Replicate Carefully

Provide high quality training, materials and support to ensure faithful replication by independent practitioners.

We continue to train and support talented and committed individuals in the UK and overseas to deliver our equine-assisted programmes.
This year that has included training and supporting new facilitators in Slovenia, USA (Georgia) and The Netherlands, as well as within the UK.

6. Freely Disseminate Knowledge and Skills

Share methodology, materials and learning.

We continue to provide our Non-Verbals Toolbox Training as an online self-paced course. This teaches our speciality: recognising body language as a guide to emotions and using non-verbal strategies to improve calmness and engagement. It is accredited as CPD for support professionals in health and social care but is also useful for parents and other adults.
We will continue to disseminate our knowledge through channels in the equineassisted sector and more widely.

The financial statements represent a year during which we were downsizing as we stepped back from running a busy centre to focus on training, supporting our trained centres and innovating through use of technology.

Public benefit

In setting our objectives and planning our activities our trustees have given careful consideration to the Charity Commission's public benefit guidance.

Goals

We aim to train others to replicate our programmes geographically.

We aim to develop a Neuro-VR or other mass-scale version of our equine-assisted programme "ReStart" as a way to increase our reach and support those with mental health challenges worldwide, as described above.

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THEHORSECOURSE CIO

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

ACHIEVEMENT AND PERFORMANCE

Over 80% of participants in our flagship ReStart programme are proven to improve psychosocial skills and long term outcomes such as engagement with education, training and work, better relationships, reduced problem behaviours, improved self belief. Furthermore, large-scale controlled studies show hard data reductions in domestic abuse and offending and improvements in youth outcomes.

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.

Trustee roles

Justine Davie held special responsibility for Safeguarding at board level, liaising with the charity's designated Safeguarding Officer. Liz Eaton FBHS held special responsibility for Health & Safety.

Rob Cole acted as Treasurer

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THEHORSECOURSE CIO REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

Approval statement

The Board of Trustees approve the report and accounts for the year ended 31 March 2026 which comprise of the Income and Expenditure Account, the Balance Sheet and the related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Donovan Atyeo with all information and explanations necessary for their compilation. The accounts were approved by the Board of Trustees on

22/06/26

…………………………….. and were signed on its behalf by

23/06/26

............................................. Anna Rose-Prynn (Jun 23, 2026 12:11:43 GMT+1) A Rose-Prynn – Chair of Trustees

Accountants' report on the unaudited accounts to TheHorseCourse

TheHorseCourse board of trustees has approved the accounts for the year ended 31 March 2026 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.

……………………………… David Atyeo 23/06/26 …………………………… Date

Donovan Atyeo Accountancy & Taxation Services

Unit 4, Hounsell Building North Mills Trading Estate Bridport Dorset DT6 3BE

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THEHORSECOURSE CIO

Income and Expenditure Account

for the year ended 31 March 2026

Income Investment income Expenditure Wages, salaries and other staff costs Car, van and travel expenses Rent, rates, power and insurance costs Repairs and renewals of property and equipment Telephone, fax, stationery and other office costs Advertising and business entertainment costs Bank, credit card and other finance charges Accountancy, legal and other professional fees Depreciation and loss/(profit) on sale Other business expenses Net expenditure		2026 £ 19,079 159 50,189 4,205 15,995 1,301 4,350 477 10 23,250 (10,370) 2,025 91,432 (72,194)		2025 £ 337,188 936 251,900 4,647 39,612 7,053 7,202 1,430 22 3,000 4,022 20,694
				339,582

				(1,458)

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THEHORSECOURSE CIO

Balance Sheet as at 31 March 2026

2,355 11,044 416	9,075 76,744 2,815	2025 £ 6,389 79,296
13,815	88,634
- 620	4,594 4,744
620	9,338

		85,685
		50,349 36,794 (1,458)
		85,685

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THEHORSECOURSE CIO

Notes to the Accounts

for the year ended 31 March 2026

1 Accounting basis

The financial statements have been prepared in accordance with the Charities SORP (FRS 102), applicable accounting standards, and the Charities Act 2011. The accounts are drawn up on the historical cost convention, modified by the revaluation of investment assets, and are prepared on an accruals basis to reflect when income and liabilities fall due.

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

2 Income and expenditure account analysis

Income Course delivery fees Community crowd fundraising and donations Grants Horse sponsorship Training fees Investment income Interest receivable Wages, salaries and other staff costs Staff costs Freelance staffing Training and CPD Car, van and travel expenses Motor expenses Travel and subsistence Rent, rates, power and insurance costs Facility hire Rates and water Light and heat Repairs and renewals of property and equipment Repairs and maintenance Telephone, fax, stationery and other office costs Telephone and internet Postage and stationery Software Other insurance costs	2026 £ 595 3,377 14,903 204 - 19,079 159 50,156 22,050 33 72,239 2,966 1,239 4,205 15,133 207 655 15,995 1,301 166 - 2,237 1,947 4,350	2025 £ 64,395 10,529 259,061 2,184 1,019
		337,188
		936
		247,973 - 3,927
		251,900
		3,163 1,484
		4,647
		37,102 318 2,192
		39,612
		7,053
		2,066 175 2,235 2,726
		7,202

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THEHORSECOURSE CIO

EHORSECOURSE CIO
Advertising and business entertainment costs Marketing and publicity Bank, credit card and other finance charges Bank charges Accountancy, legal and other professional fees Accountants fees Depreciation and loss/(profit) on sale Depreciation Profit/loss on sale of fixed assets Other business expenses Subscriptions Horse expenses and course consumables Other expenses	477 10 1,200 605 (10,975) (10,370) 530 872 623 2,025	1,430
		22
		3,000
		4,022 -
		4,022
		955 14,636 5,103
		20,694

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THEHORSECOURSE CIO

Notes to the Accounts

for the year ended 31 March 2026

3 Plant, machinery and motor vehicles

Plant, machinery and motor vehicles
Cost At 1 April 2025 Disposals At 31 March 2026 Depreciation At 1 April 2025 Charge for the year On disposals At 31 March 2026 Net book value At 31 March 2026 At 31 March 2025	Fixtures, fittings and equipment £ 34,357 (31,331) 3,026 27,968 605 (25,843) 2,730 296 6,389	Motor vehicles £ 22,395 (22,395) - 22,395 - (22,395) - - -	Total £ 56,752 (53,726)
			3,026
			50,363 605 (48,238)
			2,730
			296
			6,389

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THC Annual Report and Accounts 2025-26approved Final Audit Report 2026-06-23 Created: 2026-06-22 By: Harriet Laurie (admin@thehorsecourse.org) Status: Signed Transaction ID: CBJCHBCAABAATxcoulhJc6B9oTlc6XQN9ISmWu54u3x-

"THC Annual Report and Accounts 2025-26-approved" History

Document created by Harriet Laurie (admin@thehorsecourse.org) 2026-06-22 - 10:28:03 AM GMT- IP address: 209.93.112.157 Document emailed to Anna Rose-Prynn (annaroseprynn@gmail.com) for signature 2026-06-22 - 10:28:10 AM GMT Email viewed by Anna Rose-Prynn (annaroseprynn@gmail.com) 2026-06-22 - 10:40:47 AM GMT- IP address: 66.249.93.202 Document e-signed by Anna Rose-Prynn (annaroseprynn@gmail.com) Signature Date: 2026-06-23 - 11:11:43 AM GMT - Time Source: server- IP address: 86.169.235.1 - Signature Appearance Selected: DRAW Document emailed to David Atyeo (david@accounts-tax.co.uk) for signature 2026-06-23 - 11:11:45 AM GMT Email viewed by David Atyeo (david@accounts-tax.co.uk) 2026-06-23 - 11:36:42 AM GMT- IP address: 157.125.24.246

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