GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Company limited by guarantee

Company Registration Number:
NI647834 (Northern Ireland)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Jane Magee
Judith Gordon
Demelza McFetridge


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
11 September 2024

And signed on behalf of the board by:
Name: Jane Magee
Status: Director

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 13,776 81,340
Cost of sales: ( 10,925 ) ( 24,399 )
Gross profit(or loss): 2,851 56,941
Distribution costs: 0 0
Administrative expenses: ( 25,823 ) ( 83,245 )
Other operating income: 1,068 22,404
Operating profit(or loss): (21,904) (3,900)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 95 ) ( 166 )
Profit(or loss) before tax: (21,999) (4,066)
Tax: 0 0
Profit(or loss) for the financial year: (21,999) (4,066)

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 14,776 35,889
Investments:   0 0
Total fixed assets: 14,776 35,889
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 400 1,124
Investments:   0 0
Total current assets: 400 1,124
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 36,643 ) ( 36,481 )
Net current assets (liabilities): (36,243) (35,357)
Total assets less current liabilities: (21,467) 532
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (21,467) 532
Members' funds
Profit and loss account: (21,467) 532
Total members' funds: ( 21,467) 532

The notes form part of these financial statements

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Balance sheet statements

For the year ending 30 November 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 11 September 2024
and signed on behalf of the board by:

Name: Jane Magee
Status: Director

The notes form part of these financial statements

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 4

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 21,573 4,715 23,223 0 0 49,511
Additions 0 0 0 0 0 0
Disposals 0 0 ( 23,223 ) 0 0 ( 23,223 )
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 November 2023 21,573 4,715 0 0 0 26,288
Depreciation
At 1 December 2022 7,725 1,151 4,746 0 0 13,622
Charge for year 2,158 478 0 0 0 2,636
On disposals 0 0 ( 4,746 ) 0 0 ( 4,746 )
Other adjustments 0 0 0 0 0 0
At 30 November 2023 9,883 1,629 0 0 0 11,512
Net book value
At 30 November 2023 11,690 3,086 0 0 0 14,776
At 30 November 2022 13,848 3,564 18,477 0 0 35,889

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 6,026 6,810
Taxation and social security 200
Accruals and deferred income 3,146 1,200
Other creditors 27,471 28,271
Total 36,643 36,481

COMMUNITY INTEREST ANNUAL REPORT

GLENVIEW FARM EQUINE LEARNING CENTRE CIC

Company Number: NI647834 (Northern Ireland)

Year Ending: 30 November 2023

Company activities and impact

We did provide an innovative yet proven learning experience, facilitated by a certified professional and our equine partners, to accelerate transformational change. We also provided opportunities for participants to connect with our horses and the natural environment and in doing so encourage them to connect with themselves, others and the world they live in. We equipped participants to become confident individuals, reflective learners, effective contributors and responsible citizens. According to our mission objectives Glenview Farm has provided a range of equine related activities which have benefited: Young people and their families who have been able to access equine services in their immediate local environment Looked After Children who have had access to equine assisted learning Young people and their families who have experienced social, emotional and behavioural difficulties Government agencies, Education Authority and charities primarily in County Antrim but also further afield due to lack of service provision As part of the social enterprise we supported: Disadvantaged families, children and young people who would not otherwise have accessed service provision with sponsored sessions availed of. work with homeless children in Cyprus and homeless work in Belfast through financial support to two organisations church groups by hosting events for free, primarily those associated with youth work. School groups by hosting events, such as end of term events/carol services in the barn etc vulnerable young women who stay for respite, holidays and emergency accommodation where all associated costs are covered for the duration of their stay.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 September 2024

And signed on behalf of the board by:
Name: Jane Magee
Status: Director