HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Company Registration Number:
10742756 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 87,400 70,344
Cost of sales: ( 1,968 ) ( 1,526 )
Gross profit(or loss): 85,432 68,818
Administrative expenses: ( 86,037 ) ( 61,936 )
Operating profit(or loss): (605) 6,882
Profit(or loss) before tax: (605) 6,882
Tax: ( 482 )
Profit(or loss) for the financial year: (605) 6,400

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,932 532
Total fixed assets: 1,932 532
Current assets
Debtors: 4 3,267
Cash at bank and in hand: 331 2,308
Total current assets: 331 5,575
Creditors: amounts falling due within one year: 5 ( 562 ) ( 3,325 )
Net current assets (liabilities): (231) 2,250
Total assets less current liabilities: 1,701 2,782
Accruals and deferred income: ( 660 ) ( 636 )
Total net assets (liabilities): 1,041 2,146
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 941 2,046
Total Shareholders' funds: 1,041 2,146

The notes form part of these financial statements

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Balance sheet statements

For the year ending 30 April 2024 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 14 October 2024
and signed on behalf of the board by:

Name: Dr Catherine Binney
Status: Director

The notes form part of these financial statements

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 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 carried from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Office equipment and fixtures and fittings are depreciated at 20% reducing balance.

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 0 1,998 1,998
Additions 400 1,474 1,874
Disposals
Revaluations
Transfers
At 30 April 2024 400 3,472 3,872
Depreciation
At 1 May 2023 0 1,466 1,466
Charge for year 73 401 474
On disposals
Other adjustments
At 30 April 2024 73 1,867 1,940
Net book value
At 30 April 2024 327 1,605 1,932
At 30 April 2023 0 532 532

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Other debtors 3,267
Total   3,267

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 482
Other creditors 562 2,843
Total 562 3,325

COMMUNITY INTEREST ANNUAL REPORT

HALCYON CLINICAL PSYCHOLOGY AND ANIMAL ASSISTED THERAPY CIC

Company Number: 10742756 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Halcyon CIC provides clinical psychology and animal assisted therapy to children and young people with psychological, behavioural or emotional difficulties to improve social, psychological and health outcomes. Halcyon CIC operates in Worcestershire and surrounding areas and in addition to assessment and therapy, we provide teaching, training and consultation and supervision to enhance the support provided by others to the community and promote the dissemination of ethical and evidence-based practice. This year we have continued to offer support to the local community in line with the areas outlined above (once again high demand has been seen in line with national figures suggesting increased mental health difficulties in children and young people). We have also seen increasing levels of more severe mental health difficulties (e.g. self harm and suicide ideation) with clients often citing long waiting lists with statutory services as one of their reasons for seeking our support. In addition, clients have cited issues accessing clinical psychology providers via their insurance companies. We have also experienced a higher number of referrals with challenges in school attendance and in the context of neurodivergence. Individualised therapeutic assessments and interventions have been provided to an ever- growing number of children, young people and their families with positive outcomes for mental health, psychological wellbeing and social relationships. We do however recognise that as demand for our service increases, we are not always able to be as flexible with appointment times as we would always like, nor always as immediately responsive due to sometimes having a waiting list. In response to the demand and to maintain our capacity, flexibility and timely accessibility, we recruited another part time Associate clinical Psychologist. We have continued to offer flexibility and choice to clients wherever possible including times, days, treatment options and a range of prices according to the type of psychological support required. We have offered subsidised rates for existing clients where changes to their financial status would have otherwise meant they would not have been able to continue to access therapy. In this financial year period compared to the previous year, there was a 3% increase in the number of appointments offered to clients compared to the same period a year prior (1119 appointments were offered this financial year). There were, however, periods where we did not accept referrals due to being at capacity and decided not to increase our waiting list as we felt this was unethical. Therefore, the actual number of referrals (compared to actual appointments offered) is not reflected in this data since declined enquiries/referrals were not routinely monitored. Despite a relatively small increase in appointments offered and in addition to ongoing client work, we did see a large increase (61% from the previous year) in new episodes of care (114 new episodes of care – 63 being new clients and 51 being returning clients; some clients had more than one episode of care). There was a slight increase in insurance funded cases. A total of 93 separate clients were offered a therapy service in this financial year – on par with the previous year. These young people and their families may not have had the opportunity to access this type of specialist support locally, or as quickly using statutory services. Certainly, many mentioned a lack of alternative services they could access or long waiting lists. Once again some of the young people using Halcyon’s services explicitly stated a willingness to attend and engage due to the unique animal assisted component of intervention whereas anxiety has prevented them from accessing other statutory services that did not include an animal assisted component. Some children were not attending school and had the potential to be on the periphery of more embedded, statutory services than those in mainstream education. Counselling offered a more affordable option to some clients compared to clinical psychology or the option of a ‘step-down’ service to those who were not ready for complete discharge but benefited from support during this transition. New referral and funding sources were also apparent again in this financial year and many stated they had learned of the company via word of mouth and recommendations - testament to the ongoing and growing community awareness of the company. We were able to continue to support clients funded via county council provision as part of their Education Health and Care Plans including children in Education Other Than At School (EOTAS packages) or via school-funded support. We are conscious of maximising the reach of our community work within our limited resources and whilst remaining financially viable, to help us provide services to clients who may not typically be able to access services such as ours due to financial barriers; we remain committed to exploring the options around this. In addition to direct clinical work, we have continued to offer training and supervision for professionals in Animal Assisted Therapy (AAT). Teaching and training have been provided for free to a local university course and a training placement was offered for a student studying animal interventions at a local University. Helping to support the evidence-based training of the future workforce will also impact positively on the mental health and psychological wellbeing of local young people and enhance access to well-trained professionals.

Consultation with stakeholders

Stakeholders are the local community in Worcestershire and surrounding areas in the region, particularly children and young people with mental health, emotional or psychological needs, and their families/carers and those that use our services. Stakeholders have been encouraged to interact with the business via social media channels and this has continued as an accessible medium for interaction. Halcyon CIC fosters an open and collaborative culture. Feedback is collected routinely with embedded tools for collecting feedback from clients. We also worked creatively to collect client opinions on our services and approach, by asking clients to contribute to our values statement by reflecting on their experiences with Halcyon CIC. To date, feedback has all been very positive. Since many clients comment on the animal assisted component, we are working on ways to expand this provision. We continue to encourage clients to provide feedback and ideas. We also stay abreast of local needs and services.

Directors' remuneration

See accounts for full details. 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
12 October 2024

And signed on behalf of the board by:
Name: Dr Catherine Binney
Status: Director