Trustees report for the financial year from 02/10/23 to 01/10/2024
The HangOut CIO Charity No 1182240 35 Bryncethin Road Garnant Ammanford SA181YP
Trustees: Sherree Russell Christine Elves Pippa Hoskins Susan James Jacqui Bailey
Purposes:
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 through horsemanship training.
To develop effective communication skills and teach emotional agility and control, by guided interaction with our specially trained herd of therapy horses.
To engage both carer and child in outdoor, creative, sustainable, crafting, nature-based and animal-based group activities, designed to engage in meaningful activity and occupation, and develop a sense of wellbeing, purpose, and achievement.
For the purpose of this clause ‘socially excluded’ means being excluded from society, or part of society, as a result of mental illness and behavioural difficulties (eg. Including but not exclusively, those who are Neurodiverse, have Schizophrenia and affective disorders).
Provision
-
Two Forest School sessions weekly for 5-11yrs & 11-16yrs
-
Adult Well-being session weekly
-
Two Equine Assisted Learning sessions weekly
-
Volunteer sessions
Despite the passing of Mr Ashley Holt, co-founder, and Mrs Pat Holt, co-founder and CEO, stepping back from front line delivery The HangOut was able to maintain its current level of provision.
Looking ahead – re-negotiation of funding from The National Lottery moving forward due to the impact of Mr Holt’s passing. Secure more funding for Equine Assisted Learning to continue beyond July 2025
Public Benefit guidance:
As trustees of The Hangout charity, we have given regard to the commission’s public benefit guidance and have taken it into account when making relevant decisions.
Summary of main achievements:
The pattern of less referrals for ReStarts but more requests for volunteering/working with the horses has resulted in the continuation of two weekly equine sessions for 2 hours each for teens upwards to have supported time with the horses working on self-awareness as well as equine care.
Forest School continues to be in high demand and two sessions weekly to meet differing ages and needs works well.
Adult Well-being session weekly for those that prefer to be outdoors and learn new skills and socialize.
We continued to support other local organisations, network on local forums and with organisations until Mr Holt’s illness progressed.
The number of volunteers has remained healthy and they supported our activities and animal care through Mrs Holt’s bereavement as well as staff taking on additional roles. The Trustees and CEO would officially like to thank all those who supported The HangOut and enabled it to maintain its level of provision at such a difficult time.
National Lottery Main Grant funding means we can provide food during sessions, support volunteers with travel costs and pay staff to supervise volunteers.
Financial Review:
As of 1[st] Oct 2024 our total income was £61,413 with expenditure during the financial year of £22,567 with funds being carried forward to maintain current projects.
Receipts and payment accounts are attached and will be submitted to the charity commission.
Trustee appointments:
Dawne Randell stepped down. Susan James & Jacqui Bailey were appointed.
Declarations
The Trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Annual Financial
Report
The Hangout
I Georgina Ferguson of GK Accounting Services confirm that I have reviewed and approved the financial statements for the year ended 1st October 2024. I am satisfied that the accounts have been prepared in accordance with the applicable accounting standards and the requirements of the Charities Act 2011. I have signed off the accounts and authorise their submission to the Charity Commission.
For the year ended 1 October 2024
Prepared by GK Accounting Services
Contents
-
3 Executive Summary
-
4 Cash Summary
-
5 Profit and Loss
-
6 Balance Sheet
-
7 Aged Receivables Summary
-
8 Aged Payables Summary
Page 2 of 8
Management Report The Hangout 28 Mar 2025
Executive Summary
The Hangout For the year ended 1 October 2024
| 2024 | |
|---|---|
| Cash | |
| Cash received 101,318.90 |
|
| Cash spent 62,472.51 |
|
| Cash surplus (deficit) 38,846.39 |
|
| Closing bank balance 38,846.39 Profitability |
|
| Income 61,202.70 |
|
| Direct costs - |
|
| Gross profit (loss) 61,202.70 |
|
| Other income 210.72 |
|
| Expenses 61,413.42 |
|
| Profit (loss) - Balance Sheet |
|
| Debtors - |
|
| Creditors (550.00) |
|
| Net assets - Sales |
|
| Number of invoices issued - |
|
| Average value of invoices - Performance |
|
| Gross profit margin (%) 100.00 |
|
| Net profit margin (%) - |
|
| Return on investment (p.a.) (%) - Position |
|
| Average debtor days - |
|
| Average creditor days - |
|
| Short term cash forecast 550.00 |
|
| Current assets to liabilities 1.00 |
|
| Term assets to liabilities - |
Page 3 of 8
Management Report The Hangout 28 Mar 2025
Cash Summary
The Hangout For the year ended 1 October 2024
| Cash Summary The Hangout For the year ended 1 October 2024 |
|
|---|---|
| 2024 | |
| Income | |
| Courses | 3,746.12 |
| Donations received | 7,513.89 |
| Donations received - Gift Aid qualifiable | 1,425.00 |
| Gift-Aid paid by HMRC | 210.72 |
| Grants Received | 48,177.69 |
| Sales of goods or stock | 340.00 |
| Total Income | 61,413.42 |
| Less Expenses | |
| Accounts Payable | 550.00 |
| Admin costs | 95.99 |
| Advertising & Marketing | 258.76 |
| Course refreshments | 246.82 |
| DBS checks & Legal Expenses | 65.85 |
| Freelance Trainers and Course Facilitators | 43,944.50 |
| General Course Expenses - Sundries & Consumables | 1,364.41 |
| Income in Advance | (39,396.39) |
| Insurance | 3,698.51 |
| IT Software and Consumables | 74.47 |
| Light, Power, Gas, Water, Heating | 120.00 |
| Printing & Stationery | 833.92 |
| Rent | 7,330.00 |
| Repairs & Maintenance | 3,085.79 |
| Telephone & Internet | 164.40 |
| Travel - National | 130.00 |
| Total Expenses | 22,567.03 |
| Surplus (Deficit) | 38,846.39 |
| Net Cash Movement | 38,846.39 |
| Summary | |
| Opening Balance | - |
| Plus Net Cash Movement | 38,846.39 |
| Cash Balance | 38,846.39 |
Page 4 of 8
Management Report The Hangout 28 Mar 2025
Profit and Loss
The Hangout For the year ended 1 October 2024
| Profit and Loss The Hangout For the year ended 1 October 2024 |
|
|---|---|
| 2024 | |
| Trading Income | |
| Courses | 3,746.12 |
| Donations received | 7,513.89 |
| Donations received - Gift Aid qualifiable | 1,425.00 |
| Grants Received | 48,177.69 |
| Sales of goods or stock | 340.00 |
| Total Trading Income | 61,202.70 |
| Gross Profit | 61,202.70 |
| Other Income | |
| Gift-Aid paid by HMRC | 210.72 |
| Total Other Income | 210.72 |
| Operating Expenses | |
| Admin costs | 95.99 |
| Advertising & Marketing | 258.76 |
| Course refreshments | 246.82 |
| DBS checks & Legal Expenses | 65.85 |
| Freelance Trainers and Course Facilitators | 43,944.50 |
| General Course Expenses - Sundries & Consumables | 1,364.41 |
| Insurance | 3,698.51 |
| IT Software and Consumables | 74.47 |
| Light, Power, Gas, Water, Heating | 120.00 |
| Printing & Stationery | 833.92 |
| Rent | 7,330.00 |
| Repairs & Maintenance | 3,085.79 |
| Telephone & Internet | 164.40 |
| Travel - National | 130.00 |
| Total Operating Expenses | 61,413.42 |
| Net Profit | - |
Net Profit
Page 5 of 8
Management Report The Hangout 28 Mar 2025
Balance Sheet
The Hangout As at 1 October 2024
| Balance Sheet The Hangout As at 1 October 2024 |
Balance Sheet The Hangout As at 1 October 2024 |
|---|---|
| 1 OCT 2024 | |
| Assets | |
| Bank | |
| Charity business account 38,846.39 |
|
| Total Bank 38,846.39 |
|
| Total Assets 38,846.39 Liabilities |
|
| Current Liabilities | |
| Accounts Payable (550.00) |
|
| Income in Advance 39,396.39 |
|
| Total Current Liabilities 38,846.39 |
|
| Total Liabilities 38,846.39 |
|
| Net Assets - |
Page 6 of 8
Management Report The Hangout 28 Mar 2025
Aged Receivables Summary The Hangout As at 1 October 2024 Ageing by due date
Page 7 of 8
Management Report The Hangout 28 Mar 2025
Aged Payables Summary
The Hangout As at 1 October 2024
Ageing by due date
| The Hangout As at 1 October 2024 Ageing by due date |
||||||||
|---|---|---|---|---|---|---|---|---|
| CONTACT | < | 1 MONTH | 1 MONTH | 2 MONTHS | 3 MONTHS | OLDER | TOTAL | |
| Aged Payables | ||||||||
| Pat Holt | - | - | - | - | (550.00) | (550.00) | ||
| Total Aged Payables | - | - | - | - | (550.00) | (550.00) | ||
| Total | - | - | - | - | (550.00) | (550.00) | ||
| Percentage of total | - | - | - | - | 100.00% | 100.00% |
Page 8 of 8
Management Report The Hangout 28 Mar 2025
Annual Financial
Report
The Hangout
I Georgina Ferguson of GK Accounting Services confirm that I have reviewed and approved the financial statements for the year ended 1st October 2024. I am satisfied that the accounts have been prepared in accordance with the applicable accounting standards and the requirements of the Charities Act 2011. I have signed off the accounts and authorise their submission to the Charity Commission.
For the year ended 1 October 2024
Prepared by GK Accounting Services
Contents
-
3 Executive Summary
-
4 Cash Summary
-
5 Profit and Loss
-
6 Balance Sheet
-
7 Aged Receivables Summary
-
8 Aged Payables Summary
Page 2 of 8
Management Report The Hangout 28 Mar 2025
Executive Summary
The Hangout For the year ended 1 October 2024
| 2024 | |
|---|---|
| Cash | |
| Cash received 101,318.90 |
|
| Cash spent 62,472.51 |
|
| Cash surplus (deficit) 38,846.39 |
|
| Closing bank balance 38,846.39 Profitability |
|
| Income 61,202.70 |
|
| Direct costs - |
|
| Gross profit (loss) 61,202.70 |
|
| Other income 210.72 |
|
| Expenses 61,413.42 |
|
| Profit (loss) - Balance Sheet |
|
| Debtors - |
|
| Creditors (550.00) |
|
| Net assets - Sales |
|
| Number of invoices issued - |
|
| Average value of invoices - Performance |
|
| Gross profit margin (%) 100.00 |
|
| Net profit margin (%) - |
|
| Return on investment (p.a.) (%) - Position |
|
| Average debtor days - |
|
| Average creditor days - |
|
| Short term cash forecast 550.00 |
|
| Current assets to liabilities 1.00 |
|
| Term assets to liabilities - |
Page 3 of 8
Management Report The Hangout 28 Mar 2025
Cash Summary
The Hangout For the year ended 1 October 2024
| Cash Summary The Hangout For the year ended 1 October 2024 |
|
|---|---|
| 2024 | |
| Income | |
| Courses | 3,746.12 |
| Donations received | 7,513.89 |
| Donations received - Gift Aid qualifiable | 1,425.00 |
| Gift-Aid paid by HMRC | 210.72 |
| Grants Received | 48,177.69 |
| Sales of goods or stock | 340.00 |
| Total Income | 61,413.42 |
| Less Expenses | |
| Accounts Payable | 550.00 |
| Admin costs | 95.99 |
| Advertising & Marketing | 258.76 |
| Course refreshments | 246.82 |
| DBS checks & Legal Expenses | 65.85 |
| Freelance Trainers and Course Facilitators | 43,944.50 |
| General Course Expenses - Sundries & Consumables | 1,364.41 |
| Income in Advance | (39,396.39) |
| Insurance | 3,698.51 |
| IT Software and Consumables | 74.47 |
| Light, Power, Gas, Water, Heating | 120.00 |
| Printing & Stationery | 833.92 |
| Rent | 7,330.00 |
| Repairs & Maintenance | 3,085.79 |
| Telephone & Internet | 164.40 |
| Travel - National | 130.00 |
| Total Expenses | 22,567.03 |
| Surplus (Deficit) | 38,846.39 |
| Net Cash Movement | 38,846.39 |
| Summary | |
| Opening Balance | - |
| Plus Net Cash Movement | 38,846.39 |
| Cash Balance | 38,846.39 |
Page 4 of 8
Management Report The Hangout 28 Mar 2025
Profit and Loss
The Hangout For the year ended 1 October 2024
| Profit and Loss The Hangout For the year ended 1 October 2024 |
|
|---|---|
| 2024 | |
| Trading Income | |
| Courses | 3,746.12 |
| Donations received | 7,513.89 |
| Donations received - Gift Aid qualifiable | 1,425.00 |
| Grants Received | 48,177.69 |
| Sales of goods or stock | 340.00 |
| Total Trading Income | 61,202.70 |
| Gross Profit | 61,202.70 |
| Other Income | |
| Gift-Aid paid by HMRC | 210.72 |
| Total Other Income | 210.72 |
| Operating Expenses | |
| Admin costs | 95.99 |
| Advertising & Marketing | 258.76 |
| Course refreshments | 246.82 |
| DBS checks & Legal Expenses | 65.85 |
| Freelance Trainers and Course Facilitators | 43,944.50 |
| General Course Expenses - Sundries & Consumables | 1,364.41 |
| Insurance | 3,698.51 |
| IT Software and Consumables | 74.47 |
| Light, Power, Gas, Water, Heating | 120.00 |
| Printing & Stationery | 833.92 |
| Rent | 7,330.00 |
| Repairs & Maintenance | 3,085.79 |
| Telephone & Internet | 164.40 |
| Travel - National | 130.00 |
| Total Operating Expenses | 61,413.42 |
| Net Profit | - |
Net Profit
Page 5 of 8
Management Report The Hangout 28 Mar 2025
Balance Sheet
The Hangout As at 1 October 2024
| Balance Sheet The Hangout As at 1 October 2024 |
Balance Sheet The Hangout As at 1 October 2024 |
|---|---|
| 1 OCT 2024 | |
| Assets | |
| Bank | |
| Charity business account 38,846.39 |
|
| Total Bank 38,846.39 |
|
| Total Assets 38,846.39 Liabilities |
|
| Current Liabilities | |
| Accounts Payable (550.00) |
|
| Income in Advance 39,396.39 |
|
| Total Current Liabilities 38,846.39 |
|
| Total Liabilities 38,846.39 |
|
| Net Assets - |
Page 6 of 8
Management Report The Hangout 28 Mar 2025
Aged Receivables Summary The Hangout As at 1 October 2024 Ageing by due date
Page 7 of 8
Management Report The Hangout 28 Mar 2025
Aged Payables Summary
The Hangout As at 1 October 2024
Ageing by due date
| The Hangout As at 1 October 2024 Ageing by due date |
||||||||
|---|---|---|---|---|---|---|---|---|
| CONTACT | < | 1 MONTH | 1 MONTH | 2 MONTHS | 3 MONTHS | OLDER | TOTAL | |
| Aged Payables | ||||||||
| Pat Holt | - | - | - | - | (550.00) | (550.00) | ||
| Total Aged Payables | - | - | - | - | (550.00) | (550.00) | ||
| Total | - | - | - | - | (550.00) | (550.00) | ||
| Percentage of total | - | - | - | - | 100.00% | 100.00% |
Page 8 of 8
Management Report The Hangout 28 Mar 2025