HORSERENITY COMMUNITY INTEREST COMPANY

Company Registration Number:
10966888 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

HORSERENITY COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

HORSERENITY COMMUNITY INTEREST COMPANY

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Mrs S E Vivian
Mr D G Vivian
Mrs M J James
Mrs S J Turner


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
12 March 2025

And signed on behalf of the board by:
Name: Mrs S E Vivian
Status: Director

HORSERENITY COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 134,790 111,760
Cost of sales: ( 81,543 ) ( 49,053 )
Gross profit(or loss): 53,247 62,707
Administrative expenses: ( 72,423 ) ( 64,235 )
Other operating income: 1,005 3,828
Operating profit(or loss): (18,171) 2,300
Interest receivable and similar income: 500
Interest payable and similar charges: ( 1,328 )
Profit(or loss) before tax: (18,999) 2,300
Tax: 1,717 1,190
Profit(or loss) for the financial year: (17,282) 3,490

HORSERENITY COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 33,690 34,135
Total fixed assets: 33,690 34,135
Current assets
Stocks: 4 175 175
Debtors: 5 156,596 12,960
Cash at bank and in hand: 3,613 45,615
Total current assets: 160,384 58,750
Creditors: amounts falling due within one year: 6 ( 173,205 ) ( 73,417 )
Net current assets (liabilities): (12,821) (14,667)
Total assets less current liabilities: 20,869 19,468
Creditors: amounts falling due after more than one year: 7 ( 20,400 )
Provision for liabilities: ( 1,717 )
Total net assets (liabilities): 469 17,751
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 468 17,750
Total Shareholders' funds: 469 17,751

The notes form part of these financial statements

HORSERENITY COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 August 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 12 March 2025
and signed on behalf of the board by:

Name: Mrs S E Vivian
Status: Director

The notes form part of these financial statements

HORSERENITY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 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 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

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property 2% straight line Plant and machinery 25% reducing balance Motor vehicles 25% reducing balance Equipment 20% reducing balance

    Other accounting policies

    Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. ProvisionsProvisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises. Financial instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

HORSERENITY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

HORSERENITY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 26,497 10,750 3,959 1,469 42,675
Additions 3,060 3,060
Disposals
Revaluations
Transfers
At 31 August 2024 26,497 13,810 3,959 1,469 45,735
Depreciation
At 1 September 2023 1,353 5,042 1,417 728 8,540
Charge for year 530 2,192 635 148 3,505
On disposals
Other adjustments
At 31 August 2024 1,883 7,234 2,052 876 12,045
Net book value
At 31 August 2024 24,614 6,576 1,907 593 33,690
At 31 August 2023 25,144 5,708 2,542 741 34,135

HORSERENITY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Stocks

2024 2023
£ £
Stocks 175 175
Total 175 175

HORSERENITY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
£ £
Trade debtors 156,402 12,205
Other debtors 194 755
Total 156,596 12,960

HORSERENITY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 4,600
Trade creditors 6,874 930
Taxation and social security 719 1,872
Other creditors 161,012 70,615
Total 173,205 73,417

HORSERENITY COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024
£
Bank loans and overdrafts 20,400
Total 20,400

COMMUNITY INTEREST ANNUAL REPORT

HORSERENITY COMMUNITY INTEREST COMPANY

Company Number: 10966888 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

COMMUNITY INTEREST COMPANY ANNUAL REPORT Company Number 10966888 Company activities and report: Horserenity CIC is an equine facilitated learning centre. We are based in Blandford Forum in Dorset, We have 16 acres of paddocks and work alongside a mixed herd of 12 horses. We have two facilitators, who are full time. We spend time working with children, young people and adults who are struggling with their mental well-being and day to day equilibrium. We create a safe environment for our learners and clients to spend time with the horses. Horses are non-judgmental beings, who live in the moment and close to their fight, flight or freeze mechanisms a place that many of our clients find themselves all too often. A horse can hear your heartbeat from 4 feet away and will start to assess your emotional congruency and emotional clarity as soon as you approach. Clients might spend time doing herd observations, grooming, working with their energy and a horse, leading a horse, learning breathing techniques, doing mindfulness exercises, reflecting on both their feelings and the horses' behaviours. We work individually with every client and learner to build a programme that will meet their needs and agree individual goals before we proceed as it is important for them to see their own progress and find intrinsic reward in this. We are now also qualified to train the trainer and run OCNLR accredited qualification both at level 3 and Level 4 for those who want to move on to facilitate their own therapeutic interactions with horses, We have also launched into team and leadership coaching with corporate teams and are running group work with NHS front line workers, care givers and other groups who need support from us and the horses. Consultations with stakeholders: Our stakeholders are BCPC, DCC, The Forum Centre, Private Families and individuals that are generally based within a 25-mile radius of the centre. We have an annual meeting with both councils to ensure that we are adhering to their stringent guidelines and have recently passed a health and safety and safeguarding audit by DCC. We write reports after every session and these can be shared with individuals with the learner's permission. We have introduced an arts based therapy complementing the work with the horses called Artserenity. We are also reaching out to local HM Armed Forces garrisons and veterans to offer our support. Directors remuneration: Only one Director is remunerated as this Director both runs the business and facilitates with the herd. Transfer of assets: No transfer of assets other than for full consideration. This report was approved by Directors on 12th March 2025 and signed by: Sarah Vivian

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £21,590. 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 March 2025

And signed on behalf of the board by:
Name: Sarah Vivian
Status: Director