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 reSe￿e 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

H￿43E3 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 8￿cted 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
Stste￿￿nts. the Trustees are Fequirtsd to."
select surtable attountsng pOI￿leS 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 p0s￿On 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 wall￿nk
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 preparal*on 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 ￿$t￿led
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 fO￿ard 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¢9￿1& *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
Unrestr￿ted 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 p￿Sented 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
Un￿StriCted
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
lIn￿51[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
un￿sEnC1&d
Tot41
funds
funds
Period ended Per￿d 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
un￿51￿Cted
Restncted
funds
funds
Total
Per￿a 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 Per￿d 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 Per￿d 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 be￿en 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*t￿on 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