Edueqtlon Charitable Incorporated Organisation Registered Charity Number 1172424 Trustees Report and Accounts for the year ended st 31 December 2023 Table of Contents Page Ch￿lty tnfornydtion Trustees Repx)rt Organisation Objectives and Activities Achievements and Perforn]an¢e Financial Review Plans for Future Periods Statement of Financial Activities Balance Sheet Notes to the Accounts 10 Charity infOrn￿tIOn Address The Annex Red Gate Cottage Laughts)D Hill Stonesfield OX29 8DY Lloyds Bank Oidham Introduction The Tnjstees present their report and financial ststement foT the yw ending 3 1st December 2023. This report Is presented in acCorda[￿e with the Statement of Recommended Practice, -Accounting and Rep)rting by Charities" (SORP), issued in March 2005. The Charity is a Charitable Jncorp)rated Organisation (CIO) governed a￿rdIng to the Constitution dated 12° March 2017. The CIO'S annual rwrts are published OD the Charity Con]mi&sion Website. with effect from the year endin8 3151 December 2017. The CIO is an independent charity and noi part of any 'knbrella- IM)dy. Statement of Truste¢s' reswnsibilities The Charities Act 2011 Tequires the trnstees to prcpare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming TesouT¢es and application of resources of the charity for that period. In preparin8 thcse fJnan¢ial ststements, the trustees are required to: select suilable accounting ￿licieS and apply them consistendy. observe the methods and principles in the Charitics SORP 2005. make judgemcnis and accounting estimates Nvhich are reasonable and prudent; state whether applicable accounting stsndards have been followe4 subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to do so. The trustees are resry)nsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial FK>Sition of the charity and enable them to ensure that the financial stat¢ments comply with the ChaTities Acl 2011. They are also responsible for safeguarding the ￿￿etS of the chariiy and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Organisation The Tnths are.. Mr Dean Brockway (Chair) Mr Colin Gordon-Farleigh Mr. Gren Sowerby Mr Bayazid Khan The Members of the CIO are individuals, COTtK)rate bodies, or representatives of O￿aniSatIonS that are not incorporated, who undert8ke to act i￿ good faith to further the purposes of the CIO. The affairs of the CIO are managed by the Charity Trustces. Ther¢ must ￿ at le&st three tr￿tees. The Membcrs or Trustees ll￿Y appoiui new Tn￿teeS at any time. Decisions are madc by simple majority of votes at a meeting of Tn￿tee% subject to a quonlln of 3 Trustees, or by resolution in writing or in el¢£troDiC forni and agreed by all Tn￿ees. Meetings may be held by suitable electronic meaDS. tnduction of new Tnths is overs¢cn by the Chair. Objectives and activities Education 4 Everyone prornotes the educ*ion (including social and physical training) of people, of any age, worldwide in such ways as th¢ charity tr￿SteeS think fit. In exercising their duty, th¢ Charity Tntrs have reviewed that all their activities have due regard to public benefit guidance published by the Cbarities Commission. The charity benefits people of any age, both in the UK and throughout the world who for whatever Teason either do not receive an education or are unable to tske the maximum benefit FK)ssible from the educational OPPOrnJniti¢s th¢y receive. Barriers to Education This project focuses on helping to provide educational opp)rtunities to p￿pIe of all ages both in the UK and overseas. During 2023 one additional project was support based in the UK. Duc diligence w&s completed in relation to a project in Barbados and the decision w&s made not to go ahead with this project. Ran¥ers Riding Ranch This project continues to be estsblished and will offer children and young people with addilional needs a non-classroom-based ¢nviroDment in which they can learn and develop a range of lif¢long transferable skills they will be able lo use throughout their lives and in the workplace as well as working with mililary veterans and active service personnel with visible and invisible injuries. Ther¢ is a wide body of research which shows that these skills can successfully be taught to these target groups through contsct with horses helping them both educationally and emotionally. Our services are kept under regular review and re-evaluation. Achievements and Perfomiance - for the year ending 31" De￿mber 2023 Barriers to Education Thc Charity continued raising funds in support of a school on the edge of the Masat Mara for plans to build a learnin8 centre (combined library and ICT facility at the same qchool). The School submlTted revised plans for the project during 2023 which had lower costs involved and thes¢ were accepted by the Trustees. Discussions continued regarding Wiential projects in Bangladesh although by th¢ year end no specific plans were in place. A school ID Cheshire in the UK was supponed through the provision of equipment to enhance their teaching of STEM lessons. Supported was limited due to delays in the only UK based supplier of the equipment being abl¢ to obtain th¢ required slock. Rangers Riding Ranch During 2023 the project was based at a shared yard in Hertfordshire. During this time both the hors¢s and staff continued the extensive training necessary to WO￿ with children and young people with Additional Ne¢ds as well &s military veterans. The project has its own website 'H"M'.rantsersridin ranLh.i)r' . The pmject continued to receive advice and support from the fomier head of the Equustrong based in the USA. The Centre's director has been advising the Trustees on a range of issues including fimdraising. awaren￿$ raising" staff training and the logistics of getting the project up and rumiing. The search for a pennanent home contlnues. During 2023 the r¢lationship between the project and the HO￿sChold Calvary Mounted Regiment continued to develop. Financial Review The results for the year and fulancial position are set out in the Statement of Financial Activities on page 8 and the Balance Sheet on page 9. Total incoming resources vKre £1,130 (compared with £4,017 in 2022). ￿sOurCeS expended were £160 (compared with £1.862 in 2022). The surplus for the year w&8 £970 (compared with a surplus of £2.155 in 2022). IOOO/o of incoming resources were from donations (ofwhich loo.￿/0 wcre restric￿ donations). 10(P/o of resources expended went on Charitable activities. At 31 Deccmber 2023: The restricted fund sto(xl at £3,898. the unrestricted filljd stood at £928. Reserves Policy Th¢ Trustees will review the policy on reserves and set targets at le&st once per annum with tef¢rencc to the guidance and tern)inolo8y publish¢d by th¢ Charity Commi&8ion. The policy is also Teviewed, when warranted by changes in risk 8&8essmenl or business plans. Plans for Future Periods Barriers to Education Fundraising will continue for the learning centre project for the School in the Masai Mara in Kenya and additional sponsor for children at the school will be sought led by trustee Gren Sowerby, Initial dISc￿ssiOnS will ￿ held on y)tential projects which the Charity may support in Bangladesh led by Trustee MD Bayazid Khan however wmmencemeni of this will nol commence until MD Bayazid Khan has retir￿ from the Ministy of Education in Bangladesh. Rangers Riding Ranch Rangers Riding Ranch 1￿me a separat entity in I)ettmbeT 2023 when it was established &s CIC and there is no longer any link b¢¢ween Education for Ev¢ryone and Rangers Riding Ranch CIC. Dean Brockway Chair of Trustees October 2023 STATEMENT OF FINANCIALACTIVITIES 2023 2023 2023 Notes Restrict¢d Unrestricted Total INL()MINCF RESQIURCES Grants and Donations TOTAL NCOMtNG RESOURCES RP.%OIJRcf.s EXPENDED Direct Charitable Expenditure 160 160 TOTAL RESOURCES EXPENDED 160 SURPLIJS I {DEFECID FOR 1HE 1.130 (160) 970 TRANSFER CARRIED FORWARD 31. DECEMBER 2023 160 970 The notes on pages l O to i I fomi part of ihese financial statements Notes 2023 FIXED ASSETS CE:RRENT AS%F."r Amounts Due and Prepayrnents Cash at Bank and in Hand CREDITORS Amounts falling due within One year NET CURRENT ASSETS TOTAI.ASSETS LESS LIABILITIES CFIARI I Y I IJNDS Restricted Funds Unrestricted bunds 2,768 TOTAI, CIIARITY FUNDS 856 The notes on pages l O to I I forn) part of these financial stakments Accounts approved by Trustees Dean Brockway- Chair October 2023 ST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I. ACCOUNrtNG POLICIES Basi The accounts have been prepared under the historical cost convention and in accordance with The Charities SORP ffRS 102)" and with Financial R¢porting Standar(ts for Sn￿ler Ent¢rprises (FRSSE). and with the Charities Act 2016. In¢oming Resources tncoming resources are recognised on a receivable basis. Expenditure and liabilities Liabilities are recognised on an accruals b&8iS. Employe¢$ Employees are shown as average number of full-time equivalents for the year. 2. GRANTS AND DONATIONS RECEIVABLE Restricted un￿Stricted 2023 2023 Donations 3. DIREcf CHAIUTABLE EXPENDITURE Restricted Unrestricted 2023 2023 Barriers to Education 160 4. EMPLOYEES The average number of full-time equival¢nt employees for the year was: None 5. FIXED ASSETS NONE 6. CREDITORS Amounts falling due witbin one year. NONE 7. ANALYSIS OF NET ASSETS BETWEEN VUNDS Fixed Net Current Assets Total Restricted Fund Unrestricied Fund 3.898 928 3,898 928 8. RESTRicfED FUNDS Balance as at I" January 2023 sU￿lUs for the year Balance as at 31" December 2023 2,768 9. UNRESTRICTED FUNDS Balance &8 at 15¢ January 2023 Deficit for the year Balance as at 31. December 2023 1,088 28 10. FUTURE COMMITMENTS The Trustees have no material future commilments as at 31 December 2023 other than those shown in the accounts.