EQUINE LEARNING CIC

Company Registration Number:
05444907 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

EQUINE LEARNING CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

EQUINE LEARNING CIC

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal activities of the company

Principal activity of the company during the financial year was of educational horse riding services.

Additional information

Statement of director's responsibilitiesThe director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required toselect suitable accounting policies and then apply them consistentlymake judgments and accounting estimates that are reasonable and prudentprepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in businessThe director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.



Directors

The director shown below has held office during the whole of the period from
1 August 2022 to 31 July 2023

Nicola Hepburn


Secretary Nicola Hepburn

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
30 July 2024

And signed on behalf of the board by:
Name: Nicola Hepburn
Status: Secretary

EQUINE LEARNING CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 236,102 185,137
Cost of sales: ( 36,643 ) ( 35,318 )
Gross profit(or loss): 199,459 149,819
Administrative expenses: ( 195,414 ) ( 166,854 )
Other operating income: 2,860
Operating profit(or loss): 4,045 (14,175)
Profit(or loss) before tax: 4,045 (14,175)
Profit(or loss) for the financial year: 4,045 (14,175)

EQUINE LEARNING CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 15,776 10,921
Total fixed assets: 15,776 10,921
Current assets
Debtors: 4 6,090 6,941
Cash at bank and in hand: 6,900 2,707
Total current assets: 12,990 9,648
Creditors: amounts falling due within one year: 5 ( 30,037 ) ( 21,149 )
Net current assets (liabilities): (17,047) (11,501)
Total assets less current liabilities: (1,271) ( 580)
Creditors: amounts falling due after more than one year: 6 ( 18,794 ) ( 16,596 )
Provision for liabilities: ( 379 )
Accruals and deferred income: ( 500 )
Total net assets (liabilities): (20,944) (17,176)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (20,945 ) (17,177 )
Total Shareholders' funds: ( 20,944 ) (17,176)

The notes form part of these financial statements

EQUINE LEARNING CIC

Balance sheet statements

For the year ending 31 July 2023 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 30 July 2024
and signed on behalf of the board by:

Name: Nicola Hepburn
Status: Director

The notes form part of these financial statements

EQUINE LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Taxand trade discounts

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provisionfor impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, lesstheir estimated residual value, over their expected useful lives.

    Other accounting policies

    Going concern basisThe director of the company has confirmed that sufficient financial support will be provided to enable this companyto continue its operations for a period of not less than 12 months from the date the balance sheet is signed andaccordingly the financial statements are prepared on a going concern basis

EQUINE LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 13

EQUINE LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 5,576 19,961 0 25,537
Additions 7,500 7,500
Disposals
Revaluations
Transfers
At 31 July 2023 5,576 19,961 7,500 33,037
Depreciation
At 1 August 2022 1,543 13,073 0 14,616
Charge for year 112 1,033 1,500 2,645
On disposals
Other adjustments
At 31 July 2023 1,655 14,106 1,500 17,261
Net book value
At 31 July 2023 3,921 5,855 6,000 15,776
At 31 July 2022 4,033 6,888 0 10,921

EQUINE LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Trade debtors 6,090 1,360
Prepayments and accrued income 500
Other debtors 5,081
Total 6,090 6,941

EQUINE LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 7,293 10,888
Trade creditors 1,198 1,753
Taxation and social security 7,698 8,008
Accruals and deferred income 500
Other creditors 13,848
Total 30,037 21,149

EQUINE LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 18,794 16,596
Total 18,794 16,596

COMMUNITY INTEREST ANNUAL REPORT

EQUINE LEARNING CIC

Company Number: 05444907 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

Equine Learning CIC has continued to provide alternative education programmes, equine facilitated learning and therapeutic horsemanship, HAF days, Pony Club learning and horse-riding opportunities to disabled and disadvantaged people in addition to offering inclusive equestrian activities. This year we also started a new mental health project offering therapeutic horsemanship sessions through the Local Authority. Our Alternative Education project has continued to grow, and we have provided disadvantaged young people the opportunity to re-engage in education and gain qualifications in Horse Care, Animal Care, Maths and English, personal development opportunities and transferable life skills. We have worked in partnership with local schools, local authority departments, organisations and individuals to provide our therapeutic horsemanship work. This year we have continued to create new working relationships with local schools and organisations and developed a mental heath project. Our Inspiring Riders project, offering funded and low-cost horsemanship sessions for disadvantaged children and young people has continued to operate along with a weekly pony club group for home educated children. We have continued to offer volunteer placements and enable people to gain new skills and work experience at the stables. Our HAF activities that offer lower income family's horsemanship activities and outdoor learning opportunities during the holidays have continued to run and benefit local families.

Consultation with stakeholders

Our stakeholders include our clients, individuals, schools and local authority departments, competitors, suppliers and The Centaurus Trust, our partner charity. We consult with participants and clients through our focus group, and we hold quarterly meetings with the Centaurus Trust to ensure we are working together effectively. We have online feedback forms available to clients to monitor the impact of our community projects. We have been working within the Warwickshire alternative education framework and with local schools to continue to develop our alternative education programme.

Directors' remuneration

The Director’s remuneration was £34,000There 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
23 July 2024

And signed on behalf of the board by:
Name: Nicola Hepburn
Status: Director