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2021-03-31-accounts

LAST CHANCE ANIMAL RESCUE HOME REGISTERED CHARITY NO: 1002349

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

LAST CHANCE ANIMAL RESCUE HOME

CHARITY REGISTRATION NUMBER

1002349

TRUSTEES

D. Dawes A. Hakes L. Mason A. Ramsey

PRINCIPAL ADDRESS

Stickhill Hartfield Road Edenbridge TN8 5NH

SENIOR MANAGER

J Mansfield

AUDITORS

Moore Kingston Smith LLP Betchworth House 57-65 Station Road Redhill Surrey RH1 1DL

SOLICITORS

Hempsons Hempsons House 40 Villiers Street London WC2N 6NJ

PRINCIPAL BANKERS

National Westminster Bank 12 Station Road East Oxted Surrey RH8 0PR

LAST CHANCE ANIMAL RESCUE HOME INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page

  1. Report of the Trustees

  2. Auditors' Report

  3. Statement of Financial Activities

  4. Balance Sheet

  5. Statement of Cashflows

  6. Notes to the Financial Statements

LAST CHANCE ANIMAL RESCUE HOME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their report and the financial statements for the year ended 31 March 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition - October 2019).

Objectives and Activities

The objects of the charity are as set out in the Trust Deed and are to provide or maintain refuge or rescue homes or animal hospitals or sanctuaries or other facilities for the reception and care of injured or abused or unwanted animals of any species and the treatment and rehabilitation of such abused or ill-treated animals of any species.

The charity's objectives for the year were to rescue and re-home an increasing number of animals and improve facilities at the centre wherever possible. This was proving difficult due to the national lockdown which greatly restricted the numbers we were able to re-home during this period. Our Bromley Charity Shop remained closed due to the Covid 19 pandemic. Our ebay shop continued to trade successfully and continued to prove very popular.

We have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

The charity does not use the services of paid fund raisers and have not received any complaints concerning our fund raisers or activities.

Achievements and Performance

In 2021 the charity rehomed in total 332 animals, some of whom were neglected, others abandoned or unwanted and some of whom were handed in due to their owners no longer being able to care for them (2020: 719). This equated to an average of approx. 7 animals every week of the year. Some of the animals coming into the centre are strays, which we collect from a pound in Wales although this was very restricted again due to lockdown which prevented us from visiting the pound in Wales. For some animals this really is their last chance. Other animals come from local "hand ins" as we try not to turn any animal away. We implement a strict neutering policy and ensure every animal is wormed and inoculated by our veterinary surgeon, as well as microchipped for identification purposes. The charity also rehabilitated numerous animals needing extra medical treatment or surgery, using the excellent veterinary care facilities we have at the rescue centres, and if necessary referring animals needing specialist surgery to referral clinics to receive treatment.

Activities at both our New Romney and Edenbridge Centres were impacted heavily by the Pandemic. Again, we were unable to benefit from the use of volunteers, fosterers etc and new adopters were unable to visit on occasions.

Further work on the development of phase two at New Romney (second kennel block), was limited during this period although we were able to complete the installation of insulation of the loft area. After much discussion and research and following quotations received from different firms of architects we appointed a firm of architects to design and oversee the future construction of our much needed new office at our Edenbridge Centre.

Page One

LAST CHANCE ANIMAL RESCUE HOME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Impact of COVID-19

As noted above, the Covid-19 pandemic has had a big impact on the results for the year ended 31 March 2021. Income from fund-raising events will be much lower in 2021/22 as we have had nil opportunities to promote the charity at fund raising events such as county shows, village fetes etc. Likewise, presentations which are normally given to businesses, organisations and any other interested parties have had to be cancelled this year. Overall, with its healthy levels of reserves, the charity is well-placed to withstand any decline in fund-raising income and to continue its charitable activities for the foreseeable future.

Structure, Governance and Management

Last Chance Animal Rescue Home is regulated by a trust deed dated 20 March 1991 and is registered with the Charity Commissioners under registration number 1002349

The Trustees are ultimately responsible for all aspects of the charity's affairs with the day to day management of the Rescue Centres being carried out by the senior manager, Ms J. Mansfield. Any major operational decisions, including the recruitment of new or additional staff are made by the Trustees based upon the recommendations of the senior manager.

New Trustees are sought when required. Only those with the necessary skills, experience and empathy for the charity's work will be appointed as decided by the existing Trustees. New Trustees will receive a pack of information concerning the history and background of the charity including financial information and will receive a briefing from the existing Trustees.

Pay policy for senior staff

The salaries for key management personnel are reviewed annually and is dependent on delivery against individual annual objectives in accordance with the charity's aims and values.

The levels of pay aims to:

Pay for key management personnel reflects the market for comparable jobs in comparable organisations, the level of knowledge, skills and experience required and the responsibilities associated with each role.

Principal risks and uncertainties

The Trustees are responsible for ensuring there are adequate risk management and internal control systems in place to effectively manage the major risks to which the charity is exposed.

The Trustees consider the following risks to be the most significant in terms of strategic, business & operational risks and the following systems have been implemented to manage those risks:

**Risk ** Management
Increased competition for voluntary income
Risk of standards slipping at the rescue
centres leading to reduced animal welfare
Events that could impact the charity's
reputation		 Increased emphasis is put on fundraising and increasing local
and national awareness to engage with new and existing
supporters.
Staff are vetted and trained to ensure the best care for the
animals.
The health and welfare of animals is regularly monitored.
All staff are trained to ensure they are equipped to deal with the
running of the charity and their specific role.
If necessary, advice is sought on key issues that may impact
the charity.

Page Two

LAST CHANCE ANIMAL RESCUE HOME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Flnanclal R•¥l• In 2021 inc(¥ne of £1.255,221 Vds £672,022 ftyme than the yr1£5&3.1991 This is pTgJominantly due ¢0 an In￿O$e in legacy IrK[￿re. This inctrt is ex[#￿ to flurluate y8w on year given th? nature of it, 8fKI 5Lth cannot te antKipated NAopth?n irKJTh wa5 £56.345 oJrnpaTEd to £1￿.482 in 2020. c￿erall 8YFeThYi1u￿ in lh8 yew ￿￿EaSed by £6B,055 ar¥J a5 a r￿￿1th￿re i% a surp￿$ for the yearof£707.637 compared wth a def￿t of £32,440 In 2￿20. or￿ yin the carity is ¢mrnW￿￿Y grdul for lh8 dcfftal>xts and Wès rt has f￿¥&1. This finanoal supwrt h85 grèaty enhanL￿1 F•forM￿fOr IhB yaw. Fre8 ￿$r¥$5 e£1240.472. There a￿ no ￿$triC￿eLl fvTh1s. R•MMs Poliey In setbro resew the Trustees a￿ infiL￿￿j by the f&1 Ihat the charity 1$ Ov￿￿rnI￿JIY rdk8nt on vcluntary i￿1)me. Thts mayflucbjate wJnrf￿nty duriNJ tl ¢￿Jr$e of the yew. and fr(m year to year. With th in mind. and In of the finanoa 0)ndit￿$ that have arisw durirg 2020r21 bfwhl atout by Cowd-19 paThd￿￿, the TnJ5tees have ￿￿￿18￿ thal Ihe le¥d of free reserves S￿)u￿￿ in(xea58 10 £200,oc￿ io ertsufe ad￿uate fund5 ar? availab￿ to alkywts th8 T8￿￿1r￿J ofall animats slK)LJ it n￿ttSary. At 31 March 2021 fTre re5eNe5 Stoc#J at £1.2410.472. A k)t of tlyurplus ￿111 be ub"lL%￿ In the c(¥)tinu&J development of both the Edenbri(h3e and Rornney 5ite5 to 5ed( to impn>ve the ktslitses. Th• ￿￿nat#d Fixtd Asset Fund T8p￿ts ￿ vatug ofts dwitys fix1 assets, prwkn)tnanty thè land and bu'ldiws at the resoje cwtros. Plans for Futurn P•rlod• The tnLslees pl￿ to CWytJJt further ryks to ihe at Rivnrw Cwtre Iphase 2}, these indwliThJ fix el￿ b.lry ts fkw to fv ￿Crt. cè loca auth￿ti&5 have granted pmtssbx for(yJr d•s*l offic4 bLKlIthNJ at tha trustees intend to Inwte l&wJws for the Audltovs Kth)o￿ ￿'ThJ$￿ Smith LLP have indicataj ￿1r￿lI1r￿aness lo cA)nlinue in office wJ a resdulk)n %%ill be propised at the G￿eT￿ Meetir9 that Ihey are re¥)rK)+nted a5 auditor5 lo the tharity. SvJwl cffl beh4fof ts Tnjstees A. Hake5 31-1-11 Page Three

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAST CHANCE ANIMAL RESCUE HOME

Opinion

We have audited the financial statements of Last Chance Animal Rescue Home for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion on financial statements

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Page Four

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAST CHANCE ANIMAL RESCUE HOME

Responsibilites of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 3, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Page Five

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAST CHANCE ANIMAL RESCUE HOME

We communicate with those charged with governance regarding, among other matters, the planned scope and timings of the audit and significant audit findings, including any significant deficiences in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity.

Our approach was as follows:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charity and charity's trustees as a body, for our audit work, for this report, or for the opinion we have formed.

Date: 31 January 2022

MOORE KINGSTON SMITH LLP Statutory auditor

Betchworth House 57-65 Station Road Redhill Surrey RH1 1DL

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

Page Six

LAST CHANCE ANIMAL RESCUE HOME STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Income from:
Donations and Legacies
Charitable Activities
Other Trading Activities
Investments
Total Operating Income
Expenditure on:
Raising Funds
Charitable Activities
Total Operating Expenditure
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward		 Notes
2
3
4
5
14		 2021
2020
£
£
1,087,365
381,451
93,939
135,037
66,108
63,617
7,809
3,094
1,255,221
583,199
16,603
20,361
530,981
595,278
547,584
615,639
707,637
(32,440)
2,214,879
2,247,319
2,922,516
2,214,879
Unrestricted Funds

The statement of financial activities includes all gains and losses recognised in the year and all income and expenditure derives from continuing activities.

Page Seven

LAST CHANCE ANIMAL RESCUE HOME BALANCE SHEET AT 31 MARCH 2021 2021 2020 Flxed Asset• Tangible a$9ets In¥estrnents 10 1.682,043 1.696,280 1.682,044 1,698.281 Cuffent As•el• 13.420 24,387 1,250.716 15.204 37,837 521.279 Oebtors and prepayftnts C￿h at bank and irt hand 12 1.288,523 574,320 Creditovs: knounts falling ¢Jue ithin one year 13 48,051 55.722 Net Cuffeni Assets 1.740,472 518.598 Tot•1 A$9ets Less CunBnt U•blllll•s 2.922,516 2,214,879 Tot•1 Funds Unre$tncted Fund5 14 2,922,516 2.214,879 The finanual statements ￿re atvroved by the Iwslees on ..3110112022 .and ¥gned on their tehaw by.. A. Hakes Trusiee The notes on pages 10 10 15 fc4m p8rt of tw finanoal ststtr71eiits. Page Eight

LAST CHANCE ANIMAL RESCUE HOME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
2021 2020
£ £
Net cash provided by operating activities 749,248 5,837
Cash flows from investing activities
Purchase of property, plant and equipment (19,811) (85,938)
Net cash used in investing activities (19,811) (85,938)
Change in cash and cash equivalents in the reporting period 729,437 (80,101)
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year 521,279 601,380
Cash and cash equivalents at the end of the year 1,250,716 521,279
RECONCILIATION OF NET INCOMING RESOURCES TO
NET CASH FLOW FROM OPERATIONS
2021 2020
£ £
Net income 707,637 (32,440)
Adjustments for:
Depreciation 34,048 34,264
(Increase)/ Decrease in stock 1,784 (413)
(Increase)/ Decrease in debtors 13,450 (14,858)
Increase/ (Decrease) in creditors (7,671) 19,284
Net cash provided by operating activities 749,248 5,837
----- End of picture text -----

Page Nine

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting Policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102). The charity is a public benefit entity for the purposes of FRS 102, and the charity has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102 Charities SORP) and the Charities Act 2011.

These financial statements are prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound. The principal accounting policies adopted are set out below.

1.2 Going concern

At the Balance sheet date, the charity has unrestricted funds of £2,922,516 and a strong cash balance of £1,250,716. Subsequent to the year end and in light of the coronavirus pandemic, the trustees have assessed whether the use of the going concern basis of preparation of the financial statements is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. In particualr, the trustees have taken into account the levels of cash held by the charity and the pressures on income. Whilst the ultimate impact of the pandemic cannot currently be quantified the trustees do not believe that it will significantly impact the ability of the charity to continue as a going concern.

The trustees have made this assessment for a period of at least one year from the date of approval of these financial statements. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.3 Income

All income is recognised when there is an entitlement to the funds, the receipt is probable and the amount can be measured reliably.

Legacies are recognised following probate and once there is sufficient evidence that receipt is probable and the amount of the legacy receivable can be measured reliably. Where entitlement to a legacy exists but there is uncertainty as to its receipt or the amount receivable, details are disclosed as a contingent asset until the criteria for income recognition are met.

1.4 Resources Expended

Expenditure is included in the Statement of Financial Activities on an accruals basis and recognised gross of of irrecoverable VAT. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably.

All costs are allocated between expenditure categories on a basis designed to reflect the use of the resources. Costs related to a particular activity are allocated directly. Support costs are apportioned on an appropriate basis. These are costs which assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs.

Governance costs comprise the cost of running the charity, including external accountancy, audit, Trustees' legal advice and constitutional and statutory compliance costs.

1.5 Gift aid

Gift aid and other income received by the charity in respect of which a claim for repayment for tax has or will be made is grossed up for the tax recoverable and this gross amount is recognised in the Statement of Financial Activities.

1.6 Government grant receivable

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Page Ten

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)

1. Accounting Policies (Contd)

1.7 Fixed Assets

Tangible fixed assets are capitalised at cost and depreciated to their estimated residual value over their estimated useful lives, as follows:

Freehold buildings 2% cost Improvements to premises 20% reducing balance Kennels and cattery 20% reducing balance Motor vehicles 25% reducing balance Furniture and equipment 20% reducing balance

Freehold land is not depreciated.

At the end of each accounting period the residual values and useful lives of assets are reviewed and adjusted if necessary. In addition, if events or change in circumstances indicate that the carrying value may not be recoverable then the carrying values of tangible fixed assets are reviewed for impairment.

1.8 Stock

Stocks are valued at the lower of cost and estimated net realisable value.

1.9 Leases

Rent payable under operating leases is accounted for in the Statement of Financial Activities in equal amounts over the period of the lease.

1.10 Fund Accounting

Funds held by the Charity are either:

Unrestricted general funds- these are funds that can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds- these are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

1.11 Critical Accounting Estimates and Areas of Judgement

In the view of the trustees in applying the accounting policies adopted, no judgements were required that have made a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

1.12 Financial Instruments

Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand and short term deposits with a maturity date of three months or less.

Debtors and creditors

Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to market rate of interest are measured at the present value of the expected future receipts or payments discounted at a market rate of interest.

Fixed Asset Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

2. Income from Charitable Activities

Income from Charitable Activities
Adoptions
Other
Government Grant		 Unrestricted
Funds
2021
£
56,345
29,642
7,952
93,939		 Unrestricted
Funds
2020
£
100,482
34,555
-
135,037

Page Eleven

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Continued)

3.
Income from Other Trading Activities
Shop Income
Government Grant
Fundraising
Membership Income
4.
Expenditure on Raising Funds
Year to 31 March 2021
Expenditure directly allocated to raising funds
Premises costs
Support costs allocated to raising funds
Salaries
Prizes
Year to 31 March 2020
Expenditure directly allocated to raising funds
Premises costs
Support costs allocated to raising funds
Salaries
Prizes
All expenditure on raising funds was unrestricted.
5.
Expenditure on Charitable Activities
Year to 31 March 2021
Expenditure directly allocated to activities
Salaries
Feed, bedding and consumables
Vet expenses
Depreciation
Other premises costs
Utilities and cleaning
Motor running costs
Travelling expenses
Sundry costs
Support costs allocated to activities
Salaries
Marketing
Postage, Printing and Stationery
Telephone
Bank charges
Audit
Accountancy
Legal and professional
Other interest payable
Staff welfare		 Direct
Costs
£
15,000
-
-
15,000
Direct
Costs
£
15,000
-
-
15,000
Direct
Costs
£
301,983
4,809
65,759
34,048
23,715
46,722
2,470
19
302
-
-
-
-
-
-
-
-
-
-
479,827		 Unrestricted
Funds
2021
£
25,130
10,000
16,987
13,991
66,108
Support
Costs
£
-
953
650
1,603
Support
Costs
£
-
1,090
4,271
5,361
Support
Costs
£
-
-
-
-
-
-
-
-
-
8,576
2,871
12,534
4,040
1,967
8,250
6,131
5,079
10
1,696
51,154		 Unrestricted
Funds
2020
£
37,036
-
16,562
10,019
63,617
Total
2021
£
15,000
953
650
16,603
Total
2020
£
15,000
1,090
4,271
20,361
Total
2021
£
301,983
4,809
65,759
34,048
23,715
46,722
2,470
19
302
8,576
2,871
12,534
4,040
1,967
8,250
6,131
5,079
10
1,696
530,981

Page Twelve

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Continued)

5. Expenditure on Charitable Activities (Contd) Year to 31 March 2020

----- Start of picture text -----
||||| |---|---|---|---| |Direct|Support|Total| |Costs|Costs|2020| |£|£|£| |Expenditure directly allocated to activities| |Salaries|325,095|-|325,095| |Feed, bedding and consumables|8,228|-|8,228| |Vet expenses|102,078|-|102,078| |Depreciation|34,264|-|34,264| |Other premises costs|22,585|-|22,585| |Utilities and cleaning|33,869|-|33,869| |Motor running costs|2,781|-|2,781| |Travelling expenses|450|-|450| |Staff training|1,402|-|1,402| |Sundry costs|7,214|-|7,214| |Support costs allocated to activities| |Salaries|-|9,813|9,813| |Marketing|-|2,609|2,609| |Subscriptions|-|80|80| |Postage, Printing and Stationery|-|17,562|17,562| |Telephone|-|3,662|3,662| |Bank charges|-|2,092|2,092| |Audit|-|7,610|7,610| |Accountancy|-|7,594|7,594| |Legal and professional|-|4,648|4,648| |Other interest payable|-|20|20| |Staff welfare|-|1,622|1,622| |537,966|57,312|595,278|

----- End of picture text -----

Included within support costs are governance costs of £19,460 (2020: £25,755).

All expenditure on charitable activities was unrestricted.

6.

----- Start of picture text -----
|||| |---|---|---| |Employee Information|2021|2020| |£|£| |Wages and salaries|286,819|307,626| |Employers National Insurance|18,936|22,190| |Pension contributions|5,757|6,182| |311,512|335,998| |The average number of employees was 14, analysed as follows:| |Direct charitable|13|14| |Administration|1|1| |14|15|

----- End of picture text -----

No employee was paid £60,000 or more during the year.

At the year end there is an amount included in other creditors of £512 (2020: £439) in respect of pension. contributions.

7. Taxation

The Charity is not liable to Corporation Tax as the income is of an exempt nature.

8. Net Operating Income

This is stated after charging:

Auditors' Remuneration

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||| |---|---| |2021|2020| |£|£| |8,250|7,610|

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Page Thirteen

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Continued)

9. Trustees and Key Management Personnel

Key management personnel include the Trustees of the Charity.

The Trustees received no remuneration or benefits in kind from the Charity. No trustees were reimbursed expenses during the period.

10. Tangible Assets
Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for year
Disposal
At 31 March 2021
Net Book Value
At 31 March 2021
At 31 March 2020		 Land &
Buildings
£
2,109,583
10,393
-
2,119,976
452,548
23,653
-
476,201
1,643,775
1,657,035		 Kennels &
Cattery
£
408,336
-
-
408,336
393,581
2,951
-
396,532
11,804
14,755		 Furniture &
Equipment
£
111,073
2,523
-
113,596
92,927
4,134
-
97,061
16,535
18,146		 Motor
Vehicles
£
32,585
6,895
-
39,480
26,241
3,310
-
29,551
9,929
6,344		 Total
£
2,661,577
19,811
-
2,681,388
965,297
34,048
-
999,345
1,682,043
1,696,280

11. Fixed Asset Investment

The investment represents the charity's wholly owned trading subsidiary Last Chance Shops Limited, which is incorporated in the United Kingdom. The company was incorporated on 30 March 2007 but remained dormant at 31 March 2021. Consequently, consolidated accounts are not presented.

12. Debtors and Prepayments
Legacy income receivable
Income tax recoverable
Social security and other taxes
Prepayments and accrued income		 2021
£
653
6,365
8,345
9,024
24,387		 2020
£
-
5,746
20,503
11,588
37,837

Apart from prepayments, all debtors are financial instruments and are measured at present value.

13. Creditors: Amounts falling due within one year
Trade creditors
Accruals
Other creditors		 2021
£
7,521
29,989
10,541
48,051		 2020
£
13,070
26,175
16,477
55,722

All creditors are financial instruments and are measured at present value.

Page Fourteen

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Continued)

14. Movement in Funds

Balance at
31 March 2020
£
General
518,598
Designated - Fixed assets
1,696,281
2,214,879		 Incoming
Resources
£
1,255,221
-
1,255,221		 Outgoing
Resources
£
(547,584)
-
(547,584)		 Transfers
Balance at
31 March 2021
£
£
14,237
1,240,472
(14,237)
1,682,044
-
2,922,516

Transfers

The transfer from the general fund represents the increase in the net book value of fixed assets during the year.

15. Analysis of net assets between funds

General
Designated - Fixed Assets		 Fixed
Assets
£
-
1,682,044
1,682,044		 Current
Assets
£
1,288,523
-
1,288,523		 Liabilities
£
(48,051)
-
(48,051)		 Total
£
1,240,472
1,682,044
2,922,516

16. Future Financial Commitments

Operating leases

The charity's future minimum operating lease payments are as follows:

Operating lease which expire:
Within one year
in the second to fifth year		 2021
2020
£
15,000
15,000
2,384
17,384
17,384
32,384
Land and Buildings

17. Related Party Transactions

There were no related party transactions in the reporting period requiring disclosure.

Page Fifteen

LAST CHANCE ANIMAL RESCUE HOME DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2021

LAST CHANCE ANIMAL RESCUE HOME DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Income
Adoptions
Shop income
Donations
Legacies
Fundraising
Membership
Interest received
Other income
Government grants received
Expenditure
Direct charitable expenditure
Wages & salaries
Feed and bedding
Vet expenses
Rates & water
Insurance
Light & heat
Repairs & maintenance
Printing, postage and stationery
Marketing
Telephone
Motor expenses
Travelling expenses
Sundry expenses
Dog leads and accessories
Subscriptions
Depreciation
Staff training
Fund raising expenditure
Shop expenses
Prizes
Administrative Expenditure
Wages and salaries
Legal and professional
Accountancy
Bank charges
Audit fee
Staff welfare
Interest on overdue taxation
Total Expenditure
Surplus / (Deficit)		 2021
£
56,345
35,130
240,051
847,314
16,987
13,991
7,809
29,642
7,952
1,255,221
301,983
4,544
65,759
10,433
7,270
29,019
23,715
12,534
2,871
4,040
2,470
19
302
265
-
34,048
-
499,272
15,000
650
15,650
9,529
5,079
6,131
1,967
8,250
1,696
10
32,662
547,584
707,637		 2020
£
100,482
37,036
118,389
263,062
16,562
10,019
3,094
34,555
-
583,199
326,185
6,253
102,078
10,067
8,080
15,722
22,585
17,562
2,609
3,662
2,781
450
7,214
1,975
80
34,264
1,402
562,969
15,000
4,271
19,271
9,813
4,648
7,594
2,092
7,610
1,622
20
33,399
615,639
(32,440)