EQUUS FERUS INTERNATIONAL CIC

Company limited by guarantee

Company Registration Number:
09764085 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2022

Period of accounts

Start date: 1 April 2021

End date: 31 March 2022

EQUUS FERUS INTERNATIONAL CIC

Contents of the Financial Statements

for the Period Ended 31 March 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

EQUUS FERUS INTERNATIONAL CIC

Directors' report period ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Directors

The directors shown below have held office during the whole of the period from
1 April 2021 to 31 March 2022

Jacqueline Turner
Sheila Bowden
Julie Evans


The directors shown below have held office during the period of
2 July 2021 to 31 March 2022

Sally Ann Bailey
Dawn Oakley-Smith


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 July 2022

And signed on behalf of the board by:
Name: Jacqueline Turner
Status: Director

EQUUS FERUS INTERNATIONAL CIC

Profit And Loss Account

for the Period Ended 31 March 2022

2022 2021


£

£
Turnover: 62,956 31,073
Cost of sales: ( 50,740 ) ( 22,437 )
Gross profit(or loss): 12,216 8,636
Administrative expenses: ( 10,122 ) ( 3,154 )
Operating profit(or loss): 2,094 5,482
Profit(or loss) before tax: 2,094 5,482
Tax: ( 622 )
Profit(or loss) for the financial year: 2,094 4,860

EQUUS FERUS INTERNATIONAL CIC

Balance sheet

As at 31 March 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 8,332 3,776
Total fixed assets: 8,332 3,776
Current assets
Cash at bank and in hand: 4,006 57,279
Total current assets: 4,006 57,279
Creditors: amounts falling due within one year: 4 ( 3,987 ) ( 54,798 )
Net current assets (liabilities): 19 2,481
Total assets less current liabilities: 8,351 6,257
Total net assets (liabilities): 8,351 6,257
Members' funds
Profit and loss account: 8,351 6,257
Total members' funds: 8,351 6,257

The notes form part of these financial statements

EQUUS FERUS INTERNATIONAL CIC

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 July 2022
and signed on behalf of the board by:

Name: Jacqueline Turner
Status: Director

The notes form part of these financial statements

EQUUS FERUS INTERNATIONAL CIC

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from user fees, grants receivable, donations and miscellaneous income.Rendering of servicesTurnover from fee income is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.Grants receivableGrants of a revenue or capital nature are recognised as income, to the extent that the grant has been spent by the end of the financial year. Unspent grants are shown on the balance sheet as liabilities.The directors have complied with accounting standards and applicable legislation to the extent necessary to give a true and fair view. The accounts depart from accounting standards in that unspent non-government grants of £1,700 have been deferred into the following period, instead of recognised on receipt as required by FRS102. The grants are in substance the same as government grants, so it was felt that the accounts would give a distorted view of the performance of the company if it recognised the income in this period, rather than the accruals method as permitted for government grants under S24 FRS102.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Equine equipment 20% reducing balance basis

    Other accounting policies

    TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs fromsurplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable ordeductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

EQUUS FERUS INTERNATIONAL CIC

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

EQUUS FERUS INTERNATIONAL CIC

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2021 6,595 6,595
Additions 6,492 6,492
Disposals
Revaluations
Transfers
At 31 March 2022 13,087 13,087
Depreciation
At 1 April 2021 2,819 2,819
Charge for year 1,936 1,936
On disposals
Other adjustments
At 31 March 2022 4,755 4,755
Net book value
At 31 March 2022 8,332 8,332
At 31 March 2021 3,776 3,776

EQUUS FERUS INTERNATIONAL CIC

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

2022 2021
£ £
Taxation and social security 306
Accruals and deferred income 3,987 54,492
Total 3,987 54,798

COMMUNITY INTEREST ANNUAL REPORT

EQUUS FERUS INTERNATIONAL CIC

Company Number: 09764085 (England and Wales)

Year Ending: 31 March 2022

Company activities and impact

The CIC secured funding from the Armed Forces Covenant Fund totalling £35,000 for the Dare 2 Live Cymru project run in partnership with The Dare to Live Trust, supporting veterans to develop self-awareness, positive interpersonal relationship skills and integrate past military experiences for a meaningful future and a new life purpose. This benefitted eleven direct beneficiaries and ten indirect beneficiaries. Completed this project and all reporting back to the Armed Forces Covenant Fund has now been completed. This project benefitted eighteen direct beneficiaries, all of which completed the project.In addition, a further £35,000 was secured from the Armed Forces Covenant Fund for delivering 12 days of outdoors, nature-based equine facilitated wellbeing activities for 12 veterans who wanted support to improve their mental health. This included learning to ride horses, drive a horse and cart, land management and conservation, wood working, bird watching and horse-back archery. Completed on this project and reporting back to the Armed Forces Covenant Fund has now been completed. Twelve veterans who attended were able to access activities ensuring inclusivity and diversity requirements were considered and safely implemented.The National Lottery Awards for All granted £9,950 which was received in March 2021 for the Embracing Change and Transforming Communities project to benefit volunteers. Completed this project and reported back to the National Lottery Awards for All.We also secured a further £9,995 from the Armed Forces Covenant Fund to run an additional programme. The next step, which offered further training for veterans suffering from PTSD upskilling them to become advocates and peer support for the harder to reach veterans within our community. This has also now been completed and all reporting to The National Lottery Awards for All has now been completed.Education Services 2010 supported Equus Ferus throughout these projects with additional funding towards a marquee and the Zoom Professional on-line platform.

Consultation with stakeholders

The CIC’s stakeholders include Carmarthenshire County Council Fostering Network Team, Hafal, Armed Forces Covenant Fund, The VC Gallery, Woody’s Lodge, LINKS, Valley Veterans, Alabare, IFEEL, NHS Veterans Wales, and West Wales Action for Mental Health.Direct meetings were held with all stakeholders, and beneficiaries from each project were included in feedback and co-production.Feedback from stakeholders and beneficiaries enabled the CIC to reflect on improvements in structure of delivery and communication which are being developed on an ongoing basis. Feedback also demonstrated the value of some of the activities over others, enabling it to refine future projects to better meet the needs of the beneficiaries. EF constantly strives to improve through feedback and reflective practice, and values the collaborative relationship with all stakeholders.

Directors' remuneration

See accounts, note 5. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 September 2022

And signed on behalf of the board by:
Name: Julie Evans
Status: Director