for the Period Ended 30 April 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
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Accruals and deferred income: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 April 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 April 2024
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Cost | £ | £ | £ | £ | £ | £ |
At 1 May 2023 |
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At 30 April 2024 |
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At 30 April 2023 |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Other debtors |
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Total |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Taxation and social security |
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Other creditors |
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Total |
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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.
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.
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.
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