Charity numb•r: 1203209
HORSES FOR WELLBEING CIO
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

HORSES FOR WELLBEING CIO
CONTENTS
Page
R8fér•n¢e and admlnlstrative details of the charty, its Trustéés and advlsers
Trustees, report
Ind8pandent •xarninerf5 report
Statement of financial activities
Balance shoot
Note5 to the financial statements
10-19

HORSES FOR WELLBE114G CIO
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE PERIOD ENDED 31 AUGUST 2024
Trustees
L A Withers lappointed 23 May 20231
S Carter lappoinled 23 May 20231
J Chablani (appointed 24 November 20231
E Chesworth lappoinled 23 May 2023. resigned 2 October 2024)
Charlty règl$tered number
1203209
Prlncipal officg
Aston House, Comwall Avenue, London, N3 1LF
Page 1

HORSES FOR WELLBEING CIO
TRUSTEES. REPORT
FOR THE PERIOD ENDED 31 AUGUST 2024
The Trustees present their annual report together wlh the financial statements of the charity for the period 23
May 2023 to 31 August 2024.
Obloctlves and activities
a. Policies and obj•¢tlv•$
The objects for which the charity is established for the benefit of the public are the relief of need of young people
who have leaming, emotional, social and behamoural, mentsl health or 50cial or economic difficulties through the
provision of equine therapy and the provision of horse riding facilities.
In setting objectives and planning for aclivilies, the Tru51ees have given due consideration to general guidance
published by the Charity Commission relating lo putAic benefit, including the guidance 'Public benefit.. running a
chanty IPB21'.
b. Strat•gles for achlevlng objectives
The charrty works to achieve its objectives through the followng key areas..
1. Equlne Therapy Programmes.. Delivering $lructured equine therapy 5ession5 tailored to the unique needs
of children with learning. emots"onal, social. and behavioural challenges. These programmes provide a safe
and supportive environment for personal growth.
2. Building Communlty Relationships". Partnering with local schools, social seMce8, NHS professionals, and
community organisalions lo expand the reach and impact of our services.
3. Increasing Accessibility.. Offering a mix of paid, sub5idi5ed, and bursary-supported sessions to ensure that
children from all financial backgrounds can benefit from equine therapy.
4. Innovative Facilities.. Oeveloping unique resources, such as the UK'S first sensory room al an equine
facility, to cater to children with sensory processing need$, lunded by the Screwfix Foundation.
5. Sustalnability and Growth." Actively seeking funding through grants, community support, and innovative
fundraising inilialives lo ensure the sustainability and expansion of our programmes while prioritising the
welfare of the horse5.
Page 2

HORSES FOR WELLBEING CIO
TRUSTEES, REPORT ICONTINUEDI
FOR THE PERIOD ENDED 31 AUGUST 2024
Oblectlves and activities (continued)
c. A¢tlvltl•s undertaken to achieve objectives
During the period the charity has undertaken acts"vilie3 lo achieve its objectives such as..
1. Programme Delivery.. Delivered weekly equine therapy sessions lo over 130 children through referrals from
schools, social services, and parents since January 2023.
3. Communlty Engagement Events.. Collaborated ￿rith prograrnrnes like the Holiday Aclivibes and Food
IHAFI inilialive, running fully booked summer activities and taken part in variou5 local events to raise
awareness.
4. Staff Training.. Conducted regular stsff training sessions, including introductory training wf(h LEAP, to
rnaintain high-quality programme delivery.
5. Infrastructure Davalopmont.. Started developing a Sensory room to enhance support for children Mlh
diverse needs, rnaking the charity a pioneer in specialised equine therapy.
6. Partnership Building. Established partnerships wrth MO￿ than 10 schoo15 and local organisalions.
including Active Gloucester, Barnwood Trust and NHS referrals, lo reach more beneficiaries.
d. Main activities undertaken to further the charity's purposes for the public benefit
Therapeutic Services.. Providing iargeted equine-facililaled learning for children who lack access to
alternative therapies, emphasising mental health and emolional well-being.
2. Inclusiv8 Envlronment.. Creating a welcoming space where children can build confidence, improve
emotional regulation, and fosteT resilience through interaction with hor$es.
3. Accessibility and Affordability Ensuring financial inclusivity through a mix of full-price and bur5ary-
supported programmes, SLJPPOrted by gran15 frorn organisalions such as the Barnwood Trust, Morrisons and
Albert Hunt Trust
4. Research and Advocacy.. Advocating for ￿cOgnIS1￿g equine therapy as a viable intervention by collecting
and sharing data on its positive impact on children's lives.
5. Community Collaboration.. Strengthening lies wlh local stakeholders to broaden awareness and enhance
the charity'5 reach and impact.
Page 3

HORSES FOR WELLBEING CIO
TRUSTEES, REPORT ICONTINUEDI
FOR THE PERIOD ENDED 31 AUGUST 2024
Achlovements and perfomiance
. Main achievom¢nts of the charity
1. Impact on Beneficiaries.. Supported over 130 children Since January. wth 100% reporting improvements in
emotional well-being and 97% feeling calmer and moTe confbdent post-session.
2. Innovative Projects.. Secured £5,000 from the Scre¥rfix Foundation for a Sensory room, enhancing services
for children wlh sensory needs.
3. Strong Partnarships.. Collaborated with more than 10 schools and multiple organisations. including NHS
professionals and social workeTS, lo increase accessibility.
4. Successful Summer Progrdmmes.. Provided aclNilies and meals to 60 children over four week3, with
sessions fully booked wthin hours of opening.
S. Financlal Sustsinability.. Exceeded income projections for the year, achieving a surplus through prudent
financial management and successful grant applications lotslling over £31,000.
6. VOlunt￿r Gr¢>wth". Recruited 4 new volunteers to support programme delivery, ensuring sustainability as
demand grows.
7. Community Recognition.. Gained media coverage through SoGlos Media, Colswolds Women Radio. and
local ouuets, raising awareness of the charity's Work and impact.
Financial rèvlew
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectats'on that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going Concern basis in preparing the financial stalemenly. Further details ￿gardIng the adoption of the going
concern basis Can be found in the accounting policies.
b. Reserves policy
Horses for Wellbeing aspires lo hold 3 months of operating cos15 as a reserve to ensure the sustainability of the
Charitable Incorporated Organisation during a time of unexpectedly low Income or increased expenditure.
Horses for Wellbeing will always hold restricted ftjnds in 8ddrtion lo this sum. These are held for specrfic
activities and their use 15 5ts"pulaled before their arrival.
The ReSe￿e funds are designated funds, i.e. agreed by the Trustees as being held for specific purposes.
structurn. governance and management
a. Constitution
Horses for Wellbeing CIO is a registered charity. number 1203209. and is constituted under a Charity
Commission Scheme.
Page 4

HORSES FOR WELLBEING CIO
TRUSTEES. REPORT ICONTINUEDI
FOR THE PERIOD ENDED 31 AUGUST 2024
Stru¢tur•, governancè and m8na9em•nt Icontinuedl
b. Method5 of appolntment or election of Tmslees
The manag6ment of the Charity is the responslbility of the Tw51ees who afe ele¢led and c&opted under the
terms of the Charity ComrnisSK)n Scheme
Statarnent of Tru$tee$' responsibllltles
The Trustees are responsible for preparing lh8 TrusteA%' report and the financial slalenients in aecord8n¢e wSlh
applicable law and Unitod Kingdom Accounting Standards Iunitecf Kingdom Generally Accepted Accounting
Praclieel.
rhe law applicab18 to c*arilies in England & Wales r¢quirBs th8 Trustees lo pr6par8 fin8nci81 sta¢ements for
8ach financial p&rlod whlch give a true aThJ fair vièw of the state of affairs of the charity and ol ils incoming
resources and applicalion of resources, includin9 115 income and 8XP8nditurè. lor that perlod. In preparing thes8
financi81 slalemenls, th& Tru8t8e$ are requlred to..
select sui18b18 acoounting pdicies and Ihgn apply them consistently..
observ8 the methods and principles of the Chariti85 SORP IFRS 1021.,
make judgmènts and ac¢ounling es1￿￿1a18S Ihal are reasonabl8 and prudent..
State whelher applicable UK Accounbng Sta*dards IFRS 1021 hav? been followed, subject to any material
d6partures disclosed and 6xplain8d in the financial sla18menls',
prepa￿ the financi81 statements on the going concern basis unt8ss it is inappropriale to presume that the
Charity will continue In business.
The Trustees are résponsible for keeping adequate a¢¢ouNting records that are sullicienl to show and explain
the charills transactions and disclos& with reasonable accuracy at any tlrne the financial position of the charity
and enable Ihetn to ensure that the financi81 ststemenls comply Mrilh the Chafilies Act 2011. the Charity
(Account5 and Re￿rIs} Regulali¢Ms 2008 and the provisions of ltte Charty Commission Schème. They are also
r8sponsi￿O f￿ safeguarding the assets ol the charrty and hence lor taking r8asonable steps ftr tha pr8V8nlio
and detection of fraud and other Irregular￿lIes.
Approved by order of the membws of the board of Trustees and signed on their behalf by.
L A Wlth•r8
Date. D3- oY- 2OLS.

HORSES FOR WELLBEING CIO
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENOED 31 AUGUST 2024
Independent examinér's r8port to thè Trustees of Hor5e$ for Wellbeing CIO I'the charity'l
I report to the charity Trustees on my examination of the accounts of the charity for the period ended 31 August
2024.
Responsibilities and basls of rgport
As the Trustees of the charity you are responsible for the preparats'on of the accounts in accordance wth the
requirements of the Charities Act 20111.lhe 2011 Acl'l.
I report in respect of my examination of the charity's accounts carrieil out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 1451Sllbl of the 2011 Act.
Ind8pandont èxamlnor's statement
Since the charity's gross income exceeded £250,000 your examiner musl be a mernber of a body listed in
section 145 of the 2011 Act. I confimi that l am qualrfied to Ljndertake the examination because l am a member
of the In51ilute of Chartered Accountants of England and Wales. which is one of the listed bodies.
Your attention is drawn to the fact that the charity ha5 prepared the accounts in accordance with Accounting and
Reporting by Charits'es.. Statement of Recommended PTathce applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference lo the Accounting and Reporting by Charities". Slaternent of Recommended Practice issued on 1 April
2005 which is referred lo in the extant regulations but has been vAthdrawn.
l unilerstsnd that this has been done in order for the accounts to provide a true and fair Mew in accordance wlh
the Generalty Accepted Accounting Prath"ce effective for reporb'ng periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matter5 have corne lo my attention in connection with the
examination giving me cause to believe that in any material respect..
accountrng records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
the ac¢ounls do not accord wsth those record5,' 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 requirernenl
that the accounts give a 'true and lair, view which is not 3 matter considered as part of an Independent
exarninalion.
I have no con¢em5 and have come acTOSS no other mallers in connection with the examination lo whith
attention should be drawn in this report in order lo enable a proper understanding of Ihe accounts to be rea¢hed.
Page 6

HORSES FOR WELLBEING CIO
INt)EPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE PERIOD ENDED 31 AUGUST 2024
This report is made solely to the charity's Trustees, as a body, in accordance wlh Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state lo the charitls
Tfuslees those matters l am required to stsle lo them in an independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the
charity and the charity's Trustees as a body, for my work OT for thi5 report.
Signed..
Dated..
Sarah Gatt
FCA CTA
Adler Shine LLP
Chartered Accounlanls
Page 7

HORSES FOR WELL8EING CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 AUGUST 2024
Unrestricted
Rgstrlcted
Total
funds
funds
funds
Period ended Period ond•d Pèriod endgd
31 August
31 August
31 A4Jgust
2024
2024
2024
Income from:
Donations and legacies
Charitable activities
Investments
198,466
26,780
2,001
31.808
230,274
26,780
2,001
Total incorne
227,247
31.808
259,055
Expenditure on:
Raising funds
Charitable activities
3,141
110,S40
3,141
129,459
18.919
Totsl expendlturt
113,681
18.919
132,600
Net Income
Transfers between funds
113,S66
953
12.889
19531
126,455
15
Net movement in funds
114,519
11.936
126,455
Reconciliation of funds:
Net movement in funds
114,S19
11,936
126,455
Total funds carried fobvArd
114,519
11.936
126,455
The Statement of financial activities Includes all gains and1055e5 recognised in the period.
The notes on pages 10 to 19 fom part of these financial ststements.
Page 8

HORSES FOR WELLBElhlG CIO
BALANCE SHEET
AS AT 31 AUGLJST 2024
2024
Note
Fixed asset5
Tangible assets
Current assets
12
67,796
Oeblors
13
88,860
7,227
Cash at bank and in hand
96,087
Creditors." amounts falllng due within one year
14
137,4281
Net current a$set$
58,659
Total net assets
126,455
Charity funds
ReslriLlerl fuTid
15
15
11,936
114.519
Unrestricied funds
Total funds
126,4SS
The financial slatemenls were approved and aulhorised lor issue by the Trustees and 51gned on their behalf by.
Ithers
Date..
Zc•ZS
Th8 notes on pages 10 tc$ 19 form part of these financial slalement$.

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Gengrol Infom)atlon
Horses for Wellbeing CIO is a chaTity incorporated in England and Wales under the Charities Act 2011. Its
registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sleding (£1, rounded to the nearest £1.
Accounting policl8s
2.1 Basis of preparation of financlal statetnents
The financial stalernents have been prepared in accordance with the Charibes SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'lrue and fairf v¢ew and have departed from
the Charities (Accounts and Reports) Regulation5 2008 only to the extent required to provide a 'lrue
and fair. view. This departure has involved following the Charities SORP IFRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities." Slaternent of Recommended
Practice effective frorn 1 April 2005 vhiich has since been wlhdrawn.
Horses for Wellbeing CIO meets the definition of a publi¢ benefit entity under FRS 102. Assets and
liabilities are initially recogni5ed at historical cost or transaction value unless olherw5e staled in the
relevant accounting policy.
2.2 Going conc&m
The trustees consider that there are no material uncertainties about the charily's ability lo continue a5
a going concern.
2.3 Income
l incorne is recognised once the charity has entidemenl lo the income, il 15 probable thal the income
ill be received and the amount ol income receivable can be measured reliably.
Grants aTe included in the statement of financial activities on a recelvable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the balance sheet. Where income is received in advance of enlillemenl of receipt, its
recognition is deferred and included in creditors as deferred income. Where entsllernenl occurs
before income is received, the income is accrued.
Where the donated good is a fixed asset, Il is measured at fair value. unless il is irnpraclical lo
measure this reliably, in which case the cost of the item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
rixed asset class and depreciated over the useful economic lrfe in accordance wth the charity's
accounting policies.
On receipt. donated professional services and facilities are recognised on the basis of the value of
the gift to the charity thich is the amount it would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open market.. a corresponding amount is then
recognised in expenditure in the period of receipt.
Page 10

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
A¢¢ounting policies Icontinuedl
2.4 Expandlture
Expenditure is recogni$ed once there 15 a legal or constructive obligation to transfer economic benefil
to a third party, 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 classified by activty. The costs
of each activity are made up of the total of direct costs and shared cosls, including support Costs
involved in undertaking each activity. Direct C05ts attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support cosls which are
not attributable lo a sing5e activity are apportioned belween those aclivrties on a basis consistent urith
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on rai&ng funds include5 all expenditure incurred by the charity lo raise funds for its
charitable purposes and includes costs of 811 fundraising acliwties events and non-charitsble trading.
Expenditure on charitable acts'vities is inCUr￿d on directly undertaking the activib'es which further the
charity's objectives, as well as any associated support costs.
l expenditure is inclusive of irrecoverable VAT.
2.5 Intèrnst r¢¢eivoble
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charily., this is normally upon nolificalion of the interest paid or payable by the institution
ilh whom the funds are deposited.
2.6 Tangible fixed assets and d•pre¢latlon
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accurnulated irnpairmenl
losses. All c051s Incurred lo bring a tangible fixed asset into its intended Working condib'on should be
included in the measurement of cost.
Depreciation is charged 50 as lo allocate the cost of tangible fixed assets less their residual value
over their estimated useful Itves, using the straight-line method.
Depreciation is provided on the followng bases..
Short-temi leasehold property
Fixtures and fi'ttings
Other fixed assets
8 year5 straight line
3 year5 straight line
Over the remaining expected useful economic
lrfe
2.7 Debtor5
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the arnount prepaid net ol any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and Short-lenn highly liquid investments with a short matunty
trf three month5 or less from the date of acquisition or opening of the deposit or similar account.
Page11

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Accounting policies Icontinuodl
2.9 Liabilitle$ and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer of econornic benefit will be required in setilement, and the amount
of the setuement can be eslimaled reliably,
Liabilities are recognised at the amovnl that the charity anlicipales il will pay lo settle the debt or the
amount il has received as advanced payments for the goods or services il must provide.
Prowsions are measured al the best estimate of the amounts required 10 Settle the obligation. Where
the effect of the time value of rnoney is material, the provision is based on the present value of those
amounts. discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The
unwnding of the discount IS Tecogriised in the statement of financial activities as a finance cost.
2.10 Financial instrumènts
The charity only has financial assets and financial liabilities of a kind that qualify as ljasic financial
inslrurnenls. Basic financial instruments are initialty recognised at transaction value and subsequently
measured at their settlemenl value wth the eKGeplion of bank loan5 which are subsequently
measured at amortised cost using the effective interest method.
2.11 Ponsion$
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the period.
2.12 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Reslricled funds are funds which are lo be used in accordanee wlh Specific restrictions Imposed by
donors or which have been raised by the charity for particular putpose5. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is Set out in the notes to the financial statements.
Investment income, gains 8nd105ses are allocated to the appropriate fund.
Page 12

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Income from donations and 1ogacl•s
Unrestricted R8strict•d
funds
funds
Period
Period
ended
ondad
31 August 31 August
2024
2024
Total
funds
Perlod
ended
31 August
2024
Donab'ony
Grants
198,466
198.466
31.808
31,80B
198,466
31,808
230,274
Income from charitable a¢tlvltles
Unrestricted
Total
funds
funds
Period
Period
ond•d
ended
31 August 31 August
2024
2024
Income from charitable activities- Equir>e assisted learning
26,780
26.780
Investment incomo
Unrestricted
Total
funds
funds
Period
Period
ended
ended
31 August 31 August
2024
2024
Investrnent income- local investment properties
Investrnent in¢ome- local cash
2.000
2,000
2,001
2,001
Page13

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Expgnditure on raising funds
Fundraising axp8nse8
Unr&$trlct&d
funds
Period
ended
31 August
2024
Total
funds
Period
endad
31 August
2024
Fundraising and governance costs
3,141
3,141
Analysis of expenditur8 on Charitable activities
Summary by fund typ8
Unrestricted
funds
Period
?nded
31 August
2024
Restricted
funds
Totsl
Period
Period
ended
ended
31 August 31 August
2024
2024
Equine assisted learning
110,540
18,919
129.459
Analysis of oxp8ndituro by actlvltles
Activities
undertaken
directly
Period
ended
31 August
2024
Support
Total
costs
fund$
Period
Perlod
ended
•ndgd
31 August 31 August
2024
2024
Equine assisted leaming
119,532
9,927
129.459
Page 14

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Analysis of gxpondlture by actlvltles Icontinuedl
Analysis of direct costs
Totsl
fund5
Pariod
èndgd
31 August
2024
Stsff costs
Depreciation
Course session costs
Equine expenses
Staff training and licensing
Facility repair and maintenance
Advertising and marketing
Postage, printing and stslionery
Insurance
45.674
5.255
15,107
16,740
12,587
6.562
2.962
621
3,162
S16
IT software and consumables
Travel
Finance costs
Rent expenses
1.113
17
9,216
119,532
Analy$ls of support costs
Total
fund5
Period
ended
31 August
2024
Accountancy fees
Governance costs
6.927
3.000
9,927
Page 15

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
Indepgndont axamlner's rornuneration
Period
ended
31 August
2024
Fees payable to the chaTIIy'5 independent examiner for the independent examination of
the charity's annual accoLJnls
Fee5 payable to the charity's independent examiner in respect of..
All other services not included above
3,000
2.SOO
10. Staff costs
Period
ended
31 August
2024
Wages and salarie5
Social security costs
Contribution to defined contribution pension schemes
40,000
4,282
1,392
45,674
The average number of persons employed by the charity during the period was as follows..
Period
ended
31 August
2024
No.
CEOllead facilitator
No employee received remuneration amounting to more than £60,000 in either year.
11.
Twst•fr$' remuneration and expenses
During the period, no Trustees received any remuneration or other benefits.
DuTing the period ended 31 Aijgusl 2024, expenses totalling £194 were reimbursed or paid directly to 2
Trustees. These were for travel expenses incurred while undertaking meetings on behalf of the ¢hanly.
Page 16

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
12. Tangible fixed ass•ts
Short-tefm
leasehold Fixtures and Other fixed
propèrty
fittings
assets
Total
Cost or valuation
Additions
65.658
5,393
2.000
73.051
At 31 August 2024
65.658
5.393
2.000
73.051
Depreciation
Charge for the period
4.788
215
252
5.255
At 31 August 2024
4.788
215
252
5,255
Net book value
Al 31 August 2024
80,870
5.178
1.748
67,796
13. Oèbtoro
2024
Due within one year
Trade debtors
Prepayments and accrued income
6.360
82,500
Page 17

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
14. Credltors: Amounts falling due within ong ￿ar
2024
Other loans
Trade creditors
Amounts owed to group undertakings
Other taxalion and social security
Other creditors
24.879
682
1.500
1,964
2.603
5.800
Accruals and deferred income
37.428
Included in creditors within 1 year is a loan of £26,379. This loan is interest free and repayable once the
charity reaches its reserves goal of holding 3 months of operating costs.
ststem•nt of funds
Statement of fund$ - curr•nt period
Balance at
31 August
2024
Transfer$
inlout
Income Expenditure
Unr8strl¢t•d funds
General funds
227,247
1113,6811
953
114,519
Restricted funds
BaTrNood Trust
Screwfix Foundation
National Lottery Community Fund
Albert Hunt Trust
Sported Foundation
Holiday and Activities Food Programme
10,000
5,000
13,724
2,000
1,000
84
13,92SI
{1391
112,7261
12,0401
6,075
4.861
19981
40
1,000
(891
31,808
118,9191
{9531
11.936
Totsl of funds
259,OSS
{132.6001
126,4SS
Page 18

HORSES FOR WELLBEING CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
16. Analysls of net assets between fund5
Analysis of not ass8t$ batwè•n funds - current period
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
62,935
89,012
137,4281
4,881
7,075
67.796
96.087
137.428)
Creditors due within one year
Total
114,519
11,936
126,455
17.
Panslon commitments
The chartty operates a defined contribution pension scheme. The assets of the scherne are held
separately from those of the group in an independently administered fund. The pension cost charge
Tepresenls contribuiions payable by the charity lo the fund and amounted to £1,392. £278 was payable to
the fund at the balance sheet date and is included in creditors.
18. Operating lease commitmgnts
On 12 December 2023 the charity entered into a 10 year lease granted over the property frorn ￿lch
operates, at the annual rent of a peppercorn.
19. Related party tran$a¢tlon8
S Carter, a trustee of the charity undertook the premises development work through his business Regal
Eslales & Developments Ltd. These works were agreed to have been carried out on an ami's length
basis and disclosed as required by the Board of Trustees.
Wesko Equestrian Foundation Ltd, a charitsble Company wlh shared trustees, granted a 10 year lease to
the charity al the under-market rent of a peppercorn annually. A donation of £12,000 has been
recogni5ed as the arms-length value of the rental value.
Page 19