Charity number: 1203209 HORSES FOR WELLBEING CIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
HORSES FOR WELLBEING CIO CONTENTS Page Reference and adrninistrativo details of the charity, its Trust•ès and advis•rs Trust8es' roport Independent examiner's report Statement of financial aetivitiÈg Balanctr sheet Notes to the financial ststsmgnts 10-23
HORSES FOR WELLBEING CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES ANO ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees S Wallbank lappoinled 5 June 20251 S Carter J Chablani E Chesworth (resigned 2 October 20241 Charlty reglstered number 1203209 Principal office Aston House, Comwall Avenue. London, N3 1 LF Accountants Adler Shine LLP, Aston House, Comwall Avenue, London. N3 1 LF Page 1
HORSES FOR WELLBEING CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together with the financial statements of the charity for the September 2024 to 31 August 2025. Objectlv¢s and activities a. Policios and obj8cllve$ 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 behavioural, mental health or social or economic difficulb.es through the provision ol eqLJine therapy and the provision of horse riding facilities. In setting objectives and planning for 3ctivilie5, the Trustees have given due con5iderabon lo general guidance published by the Charity Commission relating to public benefit, in¢lud5ng the guidance 'Public benefit" running a charity IPB2}'. b. Strategi89 for achleving objectives The ¢harity works lo achieve its objectives through tt)e following key areas.. Equine Therapy Programmes.. Delivering structured equine therapy sessions tailored to the unique needs of children with leawing, emotional, social, and behavioural challenges. These programmes provide a safe and supportive environment for personal growth. 2. Building Community RelatÈonships Partnering with local schools, soual services, NHS professionals, and comrnunity organisations to expand the reach and impact of our services. 3. Increasing Accessibility.. Offering a mix of paid, 5ubsidised, and bursary SUPPOrted 5ession5 to ensure that children from all financial backgrounds can benefit from equine therapy. 4. Innovative Facilities.. Developing unique resources, such 8s the UK'9 fiTsI sensory Toom at an equine facility, lo cater to children with sensory processing needs. funded by the Scre¥rfix Foundation. 5. Sustainability and Growih.. Actively seeking funding through grants, ctsmmunity 5UPPQrt, and innovative fundraising inilialives lo ensure the sustainability and expansion of our pmgrammes while prioritising the welfare of the horses. Page 2
HORSES FOR WELLBEING CIO TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and activities Icontinuad c. A¢tlvities undertaken to achieve objecttves Ouring the period the charity has undertaken aclivilie5 to achieve rt5 objective5 such as.. Programme Dollvery.. Delivered weekly equine therapy se95ions to nearly 250 children lup from 130 last yearl through referrals from schools, social setvices, and parents. 2. Community Engagement Events.. Collaborated with programmes like the Holiday Activities and Food IHAFI inilialive, running fully booked summer activities and taken part in various local events to raise awarenes5. 3. Staff Training". Conducted regular staff training sessions, induding taking advantage of the training partnership wlh the Human Equine Interaction Register, lo maintain high quality programme delwery. 4. Infrastructurè Dgvglopm&nt.' Completed the sensory room lo enhance support for children wlh diverse needs. making the charity a pioneer in specialised equine therapy. S. Partnership 8uilding'. Esiablished partnerships wth more than 10 schools and local organisalions, induding Active Gloucester, Barnwood Trust and NHS referrals, to reach more beneficiaries. d. Main activitiès undèrtakèn to further the charity'5 purposes for the public benefit 1. Therapeutic Services.. Providing targeted equine facilitated learning for children who lack access to allernalive therapies. emphasi5ing mental health and emotional well being. 2. Inclusive Environment.. Creating a welcoming space where children can build confidence. improve emotional regulation, and foster resilience through interaction wth horses. 3. Acc•s$ibility and Affordability". Ensuring f5nancial inclusivity through a mix of full price and buTsary supported programmes, 5UPPOrted by grants from organisalions such a5 the Barnwood Trust, hAorrisons and Albert Hunt Trust. 4. Rosearch and Advocacy.. A¢Jvocaling for reGognising equine therapy ag a viable intervention by collecting and sharing data on its posib've impa¢l ¢)n children's lives. 5. Community Collaboration.. Strengthening b'es with local stakeholders lo broaden awareness and enhance the charity's reach and irnpacl. Page 3
HORSES FOR WELLBEING CIO TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and parformance a. Main a¢hlevements of the charity 1. Impact on Boneficiari8$'. Supported nearly 250 children since the beginning of the financial year, with between 85 95°k reporting imPTovemenls In emolional well being and 97% feeling calmer and more confident post session. 2. Strong Partnerships." Collaborated wlh more than 20 schools and multiple organisations, including NHS professigna15 and social workers, to increase acce55ibilily. 3. Successful Summer Programmes.. Provided activilieg and meals to over 170 children over four weeks. th sessions fully booked wlhin hoL*rs of opening. 4. Financial Sustainability.. Exceeded incorne projections for the year, achieving a surplus through prudent financial rnanagement and 5ucGessful grant applications totalling over £50k. 5. Volunteer Growth.. Recruited 2 new volunteers to support programme delivery, ensuring sustsinability ag demand grow5. 6. Community Recognltion." Gained media coverage through local outlets, raising awareness of the charity's work and impact. Flnan¢141 review . Going concorn After making appropriate enquirie5, the Tru51ees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going concern ba515 can be found in the accounting policie5. b. Rèsorve$ policy Horses for Wellbeing aspires to hold 3 months of operating costs as a reSee lo ensure the 5U5tainability of the Charitable Incorporated Organisalion during a lime of unexpectedly low income or increased expenditure. Horses for Wellbeing will always hold restricted funds in addits'on to this yum. These are held for Specific activities and their use is stipulated before their arrival. The Reserve funds are designated funds, i.e. agreed by the Trustees as being held for speafic purposes. Structure. govemance and management a. Constitutlon Horses for Wellbeing CIO is a Te9isleTed charity, number 1203209, and 15 consliluled under a Charty Commission Scheme. Page 4
H43E3 FOR WELL8EING Cto TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 AUQUST 2025 Struelurn. governance •nd rn•nayment lcontlnuwll b. M•thod• of •ppolntmènt or •lothn of Tru•ttt• The man8gemeDI ot the ch8nty ts ihe responsibilty ol Ihe TnJ8tees vkno are 8cted and empted under Iho terms of the Charity Comnlssion Scheme St•t¢ment of Tru•t•tS' f••ponalbllltlo8 rhe Trusteès are responsible for pr9panng the Trustees. report and the Ilnanci81 staternents In accordance applicable and Unrted Kingdom Accounting Standards Iunrted Kingdom Generalty Accepted Accounting Pratheel. The applicable to chanthes in England & W8les Tequires the Tru5teos to prepare financial stat8ments for èach financial which 9ive a true and fair wew of the State of affairs of the ¢hanty and of its Incoming resources and appli(atKJn of resources. including rts incorne and expendrture. IOT that penod. In preparing these financrdl Ststents. the Trustees are Fequirtsd to." select surtable attountsng pOIleS and then applythem consistently, observe the methods and prmciples otthe Chanhes SORP IFRS 1021", make judgments and 8¢counting estimates that are reason8ble and prudent". stste whether applicable UK Accounting Standards IFRS 1W21 havg been followed, subject to any matenal departure5 d1sdosed aad explained In th¢ financial statements", prep8re the financrdl staternents on the going concern basls unlèss it is inappr¢prrdt8 ID prgsurrffj that ti cha15tywill continue In business. The Truotccs are re$ponsible for keeping adoquate acwunting r&cord$ that aro 6uffiGiont to show and explain the ¢harrtfs transactions and disclose wth reasonab accuracy at any tr.me th8 financial p0sOn of the charity and enable them to ensure thet the financial statomeTrts comply with the Chairties Act 2011, Ihe Charrty (Accounts Reports) Regulation5 2008 and the provisions ol the Charty Commis5ton Schery*. Thtsy ar• also responsiblè for safeguarding Ihe 85sèts of tho charity and hence for taking r•asonable steps thè prèv9nbon and detgdion of fraud and other irregularthes. Approved by order of the merrl)¢r5 of the btsard ¢Jl Trustsès and signèd ¢)n thoir beh8K b S wallnk Trustee losllal Page 5
HORSES FOR WELLBEING CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Indèpendent examiner's rgport to tho Trustees of Horses foy Wellb&ing CIO I'the charlty'l I report to the charity Tru51ees on my examination of the accounts of the charity for the year ended 31 August 2025. R95ponsibilities and basis of report As the Trustees of the charity you are responsible for the preparalon of the accounts in accordance wth the requirements of the Charfts'es Act 2011 1.the 2011 Acl'l. I report in respect of my examination of the charilws accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Cvmmission under section 14515llbl of the 2011 Act. Independent examin•r'$ statement Your attention Is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndaid applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charitie5 Statement of Recomrnended Practice issued on 1 April 2005 which is ferred lo in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have Gompleted my examinatinn I r.nnfirm that nn mattp.r8 hAv. r.nmp In my attention in connecb'on with the examination giving rlle cause to believe that in any material respect". accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or the accounts do not accord with those reGords", OT the accoun15 do not comply with the applitable requirements conceming the fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue 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 wlh the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 6
HORSES FOR WELL8EING CIO INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 This report is made solely to the charills Trustees, as a body, in accordance with Part 4 01 the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state lo the charitls Trustees Ihose matlers l am requiTed to slate lo them in an independent examinerfs report and for no other purpose. To the fullesl extent permitted by law, I do not accept or assurne responsibility to anyone other than the thanly and the charitvs Truslees as a body, for Tlly work or for this report. Signed.. Dated.. Alexander Chrysaphiades FCA Adler Shinè LLP Chartered Accountants Page 7
HORSES FOR WELLBEING CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 As $tled Totsl Tolal funds lunds Ygar èndèd Period ended 31 August 31 Augusl 2025 2024 Unrestricted fund5 Year 8nded 31 August 2025 Restricted fund5 Year ended 31 August 2025 Note Income from- Donations and legacies Charitable activity'es Investments 45.366 28,591 2,800 51.148 96,514 28,591 2,800 768,399 26, 780 2,001 Totsl Income 76,757 51,148 127,90S 797, 180 Expenditure on.. Raising funds Charitable aclivilie5 796 796 3,141 129,459 124.330 32,539 1 S6,869 Total axpgnditure 125,126 32,539 157,665 132,600 Nat movement In funds 148.3691 18,609 129,7601 64.580 Reconclllatlon of funds: Total funds brought fOard as previously slated Prior year adjustment 114,519 161,8751 11,936 126,455 {61,8751 Totsl funds bToughl forward as restated Nel movement in funds 52,644 148,3691 11,936 18,609 64.580 {29.7601 64,580 Total funds carrlod foTh•rdrd 4.275 30,545 34.820 64,580 The Statement of financial activities includes all gains and10sses recognised in the year. The notes on pages 10 to 23 form part of these financial statements. Page 8
ORSE8 FOR WELLBEINO CIO BALANCE SHEET AS AT 31 AUOUST 2025 2023 2024 Not• Ffjx ••••l Tar¢91& s8•ts CLtrv•nt 12 57,764 67.796 D8btor5 Cash el bank aftd in hand 13 26.985 7.221 31,481 34.212 Curr•nt Ilabllltl•• ¢ditOrS. aFrK)unts fantiig due wrthm one ar 14 161.7591 f37.428) N•t curr•nt Ilabllltles 122,9341 {3.216) 34120 64,580 Ch*rty fund• Restncted funds Unrestrted frjnds 11.936 52.644 4.275 funts 34.8X) Th• stat•m•nts were apwovèd and aulhorised for issue by the TTUSt8es and swJned on theii behaff by 34)6{ Swknk Trustee Date IX-I o ) l£u£L The nrAes on paggs 10 to 23 lorm p8rt ol th&se financial stat8ments. Page 9
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S General infomiation Horses for Wellbeing CIO 15 a charity Incorporated in England and Wales under the Charitie5 Act 2011.115 registered office address 1s Aston House, Cornwall Avenue. London, N3 1 LF. The financial statements are pSented In Steiling (£1, rounded lo the nearest £1. The prior period represents the 15 month period from the dale the charity was registered {23 May 20231 to 31 August 2024, therefore the prior period is not entirely comparable. Accounting poll¢le$ 2.1 Basis of preparation of financial statèménts The financial statements have been Prepared in accordance with the Charities SORP IFRS 1021 Accounbng 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 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 lo give a 'lrue and faiv view and have departed from the Charitie5 (Accounts and Report51 Regulations 2008 only to the extent quIred to provide a true and fair. view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounb'ng and Reporting by Charits'es.. Statement of Recommended Pracb'ce effeclive from 1 April 2005 which has since been vAthdrawn. Horses for Wellbeing rio meets the definition of a public benefit entity Linder FRS 10?.. Assets and liabilrties are initially recognised at historical cost or transaction value unless olherwse stated in the levanl accounting policy. 2.2 Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concem. Page 10
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.3 Incomè l income is recognised once the charity has entillemenl lo the income, il is probable that the incorne will be received and the amount of income receivable can be measured reliabty. Grants are included In the statement of financi818clivilies on a CeIvable basis. The balance of Income received for specific purp05e5 bul not expended during the period is sho¥Nn in the relevant funds on the balance sheet. Where inGome is received in advance of entitlement of receipt, its rewgnilion is deferred and included in creditors as deferred income. Where enlillemenl occurs before income is received, the income is accrued. Where the donated good is a fixed asset, it is measured at fair value, unless il is impractical to measure this reliably, in which case the cost of the item lo the donor should be used. The gain is recognised as income from donations and a corresponding amount 15 included in the appropriate Iixed asset class and depreciated over the useful economic life in accordance Mth the charity's accounting policies. On receipt, don31ed profe55ional service5 and facilitie5 are recognised on the basis of the value of the gift to the charity which 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. Income tax recoverable in relation lo investment income is recognised al the lime the investrnent income is receivable. 2.4 Expendlture Expenditure is recognised once there is a legal OT con51ruclive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in setilement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivity. The costs of each activity ale made up of the total tsf direct costs and shared costs, including support cos15 involved in undertaking each 8ctivily. Direct costs attributable to a single activily are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs wh1ch are not allributsble lo a single a¢livity are apportioned between those activilies on a basis consistent wlh the Ljse 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 ¢haritable activities is incurred on directly undertaking the activities which further the ¢harily's objectives, as well as any associated support costs. All expendrture is inclusive of irrecoverable VAT. 2.$ Inter&$t recelvable Interest on funds held on deposit is included when receivable and the am04Jnt can be measured reliably by the charity,. this is normally upon nots'fication of the interest paid or payable by the instrtution th whom the ftjnds are deposited. Page 11
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng policies Icontinuedl 2.6 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the c05t model. tangible fixed assets are measured at cost less accurnulated depreciab'on and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the c05101 tangible fixed assets le$$ their residual value over their eslimaled useful lives, using the 5traighl-line method. Depre¢ialion is provided on the follovAng bases.. Short-term leasehold propety Fixtures and fiitings Other fixed assets 8 years straight line 3 years slraight line Over the remaining expected useful economic 2.7 Debtors Trade and other debtors are recogni5ed al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.8 Ca$h at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments wlh a short maturity of three months or less trom the date of acqulsltlon or openlng of the deposll or slmllar account. 2.9 Liabilities and provisions Liabilities are recognised when there 15 an obligats'on at the balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be requtred in settlement, and the amount of the seltlement can be estimated reliably. Liabilities are Tecognised at the amount that the chaTily anlicip8les il wll pay to settle the debt or the amount Il has received as advanced payrnenls for the goods or services it must provide. Provisions are measured at the best eslirnate of the amounts required to settle the obligation. Where the effect of the time value of money 15 material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks spealic lo the liability. The unwnding of the discount is recognised in the statement of financial activities as a finance cost. 2.10 Financial instruments The charity only has financial assets and financi81 liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost u51ng the effective interest method. 2.11 Pension$ The charity operates a defined contribution pension scheme and the pension charge represents the mount5 payable by the Gharily lo the fund in respect of the year. Page 12
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.12 Fund a¢countlng General funds are unrestricted fvnds 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. Restricted funds are funds which are to be used in accordan¢e wth specific restrictions imposed by donor5 or which have been raised by the charity lor particular purposes. The costs of raising and administering such fund5 are charged against the specific fund. The aim and use of each restricted fund is sel out in the note5 to the financAal statements. Investment income. gains and 1055es are allocated lo the appropriate fund. Income from donations and legacios Unrestricted Restricted Total funds funds funds Year ended Year ended Year ended 31 August 31 August 31 August 2025 2025 2025 Donations Grant5 45,366 4S.366 51,148 51,148 45,366 51,148 96,514 As Restated UnStriCted Restricted Total funds funds funds Period ended Penod ended Period ended 31 Augusl 31 August 31 Augusl 2024 2024 2024 Donations Grants 136,591 136,591 31,808 31,808 136,591 31,808 168,399 Page 13
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from charitablè a¢tivities Unrestricted Total funds funds Y•ar ended Year ended 31 August 31 August 2025 2025 Income from charitable activities- Equine assisted leaming 28.591 28,S91 lIn51[1Cled Tolal runds runds Period ended PeiFod ended 31 August 31 August 2024 2024 Income from charitable activities - Equine assisted learning 26, 780 26, 180 Investment incom Unrestricted Total funds funds Year ended Year endad 31 August 31 August 2025 2025 Rental income 2,800 2,800 Unrestricted Total funds funds Period ended Period ended 31 August 31 August 2024 2024 Rental income Investment income local cash 2,000 2,000 2.001 2,001 Page 14
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Expenditure on raising funds Fundraising èxpon5es Unr•strict•d Total funds fund$ Year ended Year endèd 31 August 31 August 2025 2025 Allocated centrally incurred fundraising and governance costs 796 796 unsEnC1&d Tot41 funds funds Period ended Perd ended 31 Augusl 31 August 2024 2024 Allocated Centrally incurred fundraising and govemance costs 3,741 3,141 Analysis of expenditura on charStsble actlvltles Summary by fund typo Unrestrlcted Restricted funds funds Total Year ended Year ended Year ended 31 August 31 August 31 August 2025 2025 2025 Equine assisted learning 124,330 32,539 156,869 Page 15
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of oxpÈndlture on charitable activities Icontinuedl Summary by fund typ8 Icontinuedl un51Cted Restncted funds funds Total Pera ended P&riod ended Penod gnd$d 31 Augu51 31 August 31 August 2024 2024 2024 Equine assisted leaming 110,540 18,919 729,459 Analysis of expenditure by aellvltlgs Activitie5 undèrtaken Support Total dirèctly costs funds Year endod Year gndèd Year èndod 31 August 31 August 31 August 2025 2025 2025 Equine assisted learning 143,852 13,017 156,869 AclrwitAes undertaken Support Tolal direclly costs runds Penod ended Period ended Period ended 31 August 31 August 31 Augusl 2024 2024 2024 Equine assisted learning 119,532 9,927 129,459 Page 16
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of expenditure by activities Icontinuedl Analysls of dlrect cost8 Totsl Total funds funds Year 8nded Period ended 31 August 37 Augusl 202S 2024 Staff costs Depreciation Course session costs Equine expenses Staff training and licensing Facility repair and maintenance Advertising and marketing Posiage. printing and stationery Insurance IT software and consumables Travel Finance costs 64,761 10,342 45,6T4 5,255 15,707 16, 740 12,587 6,562 2,962 621 41,483 1,990 6,248 1,019 764 2,373 210 2,241 3, 162 516 1,113 17 Rent expenses Staff entertaining 12,000 290 9,216 143,852 119,532 Analysls of support costs Total Tolal funds fvnds Year èndèd Period ended 31 August 31 August 2025 2024 Accouniancy fees Governance costs 13,017 6,927 3,000 13,017 9,927 Page 17
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Independent examlner's remuneration Year ended Period ended 31 August 37 August 2025 2024 Fees payable lo the charity's independent examiner for the independent examination of the charity'5 annual accounts Fees payable to the charitls independent exarniner in respect of.. All other services not induded above 3.000 3,000 2.500 2,500 10. Staff costs Year ended Perd ended 31 August 31 August 2025 2024 Wages and 5alarie5 Social security costs Contribution to defined conlributs.on pension schemes $4,986 6,337 3,438 40,000 4,282 1,392 64,761 45,674 The average number of persons employed by the charity during the year was as follows.. Year 8nd•d Perd ended 31 August 31 August 2025 2024 No. No. CEOllead facilitator No employee received remuneration amounting to more than £60,000 in either year. 11. Tru5tees' remuneration and oxpansas During the year, no Trustees received any remuner3b.on or other benefil$12024 - £NIL). During the year ended 31 August 2025, expenses lotalling £NIL12024 - £1941 were reimbursed or paid directly to no Tru51ees (2Q24 2 Trustees). These were for travel expenses incurred while undertaking meetings on behalf of the charity. Page 18
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Tangible fixed assets Short-term leasehold Fixtures and Other fixed property fittings assets Total Cost or valuation Al 1 September 2024 Additions 65,658 5,393 300 2,000 73,OS1 300 At 31 August 2025 65,658 5,693 2,000 73.351 Dopr¥clatlon At 1 September 2024 Charge for the year 4,788 8,207 215 252 5,255 10,342 1,883 252 At 31 August 2025 12,995 2,098 504 15,597 Net book value Al 31 August 2025 52,663 3,595 1.496 57,754 At 31 August 2024 60,870 5,178 1, 748 67,796 13. Débtors As Restated 2024 2025 Trade debtors Prepayments and accrued income 7.344 6,360 20,625 7,344 26.985 Page 19
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Creditors: Amounts falling due wthin one year 202S 2024 Other loans Trade creditors Other taxation and social security Other creditors AccrLJals and deferred income 24.879 617 2.051 5,588 28.624 24,879 682 7,964 4, 103 5,800 61.759 37,428 15. Prior yèar adjustments In the prior year £61,875 In donation commilmenls. included in debtors. was recognised as donation income in error. This has been reversed which has the effect of reducing the unrestricted funds and assets as at 31 August 2024 by £61.875. Page 20
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Statémènt ot funds statement of funds - Current year As restated Balance at 1 September 2024 Bal•n¢e at 31 August 2025 Income Expènditurn Unrestrictéd funds General Funds- all funds 52.644 76,757 1125,1261 4.275 Restricted funds Bamwood Tru51 Screwfix Foundation Sported Foundation Holiday and Activib'es Food Programme Ernest Cook Trust John Lewis Groundwork UK (fesco} Hedley Foundation Miller Homes 6.075 4,861 1,000 16.0751 11,6671 (1.0001 120.7971 15001 11,OOQI 3.194 44,023 500 23.226 1,000 1,125 2,000 1.000 500 1.125 2.000 1.000 Henishaw Isooi 11,0001 Nalhans's Trust 1,000 11.936 51,148 132,5391 30,545 Total of funds 64,580 127.905 1157,665) 34.820 Page21
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Stat&m•nt of funds {continuedl statement of funds - Prior year As reslaled Balance at 31 August 2024 As sEated Income Expenditu Transfers in/out Unrestrlcted funds General Funds - all ftjnds 165,372 1113,681J 953 52,644 Rèstricted funds Barnwood Trust Screwlix Foundation National Lottery Community Fund Albert Hunt Trust Sported Foundation Holiday and Activities Food Programme 10,000 5,000 13, 724 2,000 7,000 84 (3,925) (139) (12, 726) (2,040) 6,075 4,86q (998) 40 7,000 (89) 31,B08 (18,919) (953) 11,936 Total of funds 197, 180 {132, 600) 64,580 17. Analysls of net assets been funds Analysls of net assets between funds - current yèar Unrestricted funds 2025 Restricted funds 2025 Totsl fund5 2025 Tangible fixed assets Current assets Creditors due wthin one year 54,560 2,725 153,0101 3.194 36,100 {8.7491 57,754 38,825 181,7591 Total 4,275 30,545 34,820 Page 22
HORSES FOR WELLBEING CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202$ 17. Analysls of net assets betV4pen funds {continuedl Analysis of nèt assèts b*ton lunds - prior year As reslaled UnreslrKted funds 2024 As reslated Total funds 2024 Restricted runds 2024 Tangible fixed assets Current assets 62,935 27, 137 (37,428) 4,861 7,075 67, 796 34.212 (37,428J Creditors due within one year Total As r8ststed 53.644 17.936 64,580 18. P¥n$lon cornmitments The charity operate5 a defined contribution pension scheme. The assets of the scheme are held separately from those ol the group in an independently administered fund. The pension Cost charge represenis contributions payable by the charity to the fund and amounted to £3,43812024 - £1,392). £355 12024- £2781 was payable lo the fund al the balance sheet date and is included in creditors. Operating leasp r.ommilmAnts On 12 December 2023 the charity entered into a 10 year lease granted over the property from which it operates, al an annual peppercorn rent. 20. Rèlated party transactions Wesko Equestrian Foundation Ltd, a charitable company with shared trustees. granted a 10 year lease lo the charity al the under-market rent of a peppercorn annually. A donation of £12,00012024 £9,000) has been recognised as the arms-length value of the rentsl value. Page 23