REGISTERED CHARITY NUMBER: 1036506
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
REDGATE FARM ANIMAL SANCTUARY
Fortus Midlands Limited 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ
REDGATE FARM ANIMAL SANCTUARY
CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
REDGATE FARM ANIMAL SANCTUARY
REFERENCE AND ADMINISTRATIVE DETAILS For The Year Ended 31 March 2021
TRUSTEES Ms L D Neville Mrs Y Brown Mr N A Wright Mr M Hanna Ms P J Trevarthen Ms S J Bale Ms V A Clarke Ms K M Freeman (resigned 27.11.20) PRINCIPAL ADDRESS Redgate Farm Animal Sanctuary 233 Shaw Lane Markfield Leicester Leicestershire LE67 9PW REGISTERED CHARITY NUMBER 1036506 INDEPENDENT EXAMINER Fortus Midlands Limited 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ
Page 1
REDGATE FARM ANIMAL SANCTUARY
REPORT OF THE TRUSTEES For The Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are:
-
to relieve the suffering of animals and provide and maintain a rescue home for unwanted animals and provide treatment for sick and ill-treated animals.
-
to provide a re-homing service for animals fit for re-homing with a neutering/spaying option if needed. No animal will be put down, unless on the advice of a veterinary surgeon.
Public benefit
The trustees are of the opinion that the activities undertaken in accordance with the objects of the charity meet the definition of public benefit.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
FINANCIAL REVIEW
Reserves policy
The trustees aim to retain sufficient unrestricted reserves in order to cover the equivalent of 12 months' operating costs of the organisation.
Funds in deficit
There were no funds in deficit during the period.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted under a Trust Deed dated 4 March 1994 as amended on 3 October 1997, 9 June 2000 and 16 March 2012.
Approved by order of the board of trustees on 7 October 2021 and signed on its behalf by:
Ms L D Neville - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDGATE FARM ANIMAL SANCTUARY
Independent examiner's report to the trustees of Redgate Farm Animal Sanctuary
I report to the charity trustees on my examination of the accounts of Redgate Farm Animal Sanctuary (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R J Buckby FCA ICAEW Fortus Midlands Limited 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ
7 October 2021
Page 3
REDGATE FARM ANIMAL SANCTUARY
STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2021
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 114,170 1,015 Other trading activities 3 66,207 - Investment income 4 173 - Other income 124,571 - Total 305,121 1,015 EXPENDITURE ON Raising funds 82,237 - Charitable activities Charitable activities 102,814 1,089 Other 2,734 - Total 187,785 1,089 NET INCOME/(EXPENDITURE) 117,336 (74) Transfers between funds 12 (74) 74 Net movement in funds 117,262 - RECONCILIATION OF FUNDS Total funds brought forward 408,607 - TOTAL FUNDS CARRIED FORWARD 525,869 - |
2021 Total funds £ 115,185 66,207 173 124,571 306,136 82,237 103,903 2,734 188,874 117,262 - 117,262 408,607 525,869 |
2020 Total funds £ 176,072 124,855 452 229,564 |
|---|---|---|
| 530,943 89,370 162,689 3,263 |
||
| 255,322 | ||
| 275,621 - |
||
| 275,621 132,986 |
||
| 408,607 |
The notes form part of these financial statements
Page 4
REDGATE FARM ANIMAL SANCTUARY
BALANCE SHEET 31 March 2021
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
2021 £ 25,483 2,855 501,699 504,554 (4,168) 500,386 525,869 525,869 525,869 525,869 |
2020 £ 28,217 4,690 383,082 |
|---|---|---|
| 387,772 (7,382) |
||
| 380,390 | ||
| 408,607 | ||
| 408,607 | ||
| 408,607 | ||
| 408,607 |
The financial statements were approved by the Board of Trustees and authorised for issue on 7 October 2021 and were signed on its behalf by:
Ms L D Neville - Trustee
The notes form part of these financial statements
Page 5
REDGATE FARM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Gift aid
Incoming resources from tax reclaims are included in the Statement of financial Activities at the same time as the gift to which they relate.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings thy have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the Charity's compliance with constitutional and statutory requirements, including audit, strategic management and Trustee's meetings and reimbursed expenses.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - not provided Improvements to property - 20% on reducing balance Motor vehicles - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 6
REDGATE FARM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2021
2. DONATIONS AND LEGACIES
| Adopting of animals Donations Friends of Redgate Spaying and neutering Boarding OTHER TRADING ACTIVITIES Fosse Road shop Loughborough shop Redgate shop/cafe Syston shop Rags and show monies Coalville shop Fundraising income INVESTMENT INCOME Interest on cash deposits |
2021 £ 16,266 95,803 2,671 - 445 115,185 2021 £ 16,612 30,512 35 124 1,414 17,510 - 66,207 2021 £ 173 |
2020 £ 24,335 149,927 - 500 1,310 |
|---|---|---|
| 176,072 | ||
| 2020 £ 44,758 56,838 124 8,667 3,934 4,271 6,263 |
||
| 124,855 | ||
| 2020 £ 452 |
3. OTHER TRADING ACTIVITIES
4. INVESTMENT INCOME
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
| 2021 Sanctuary and shop 11 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 176,072 - Other trading activities 124,855 - Investment income 452 - Other income 229,564 - Total 530,943 - EXPENDITURE ON Raising funds 89,370 - |
2020 10 Total funds £ 176,072 124,855 452 229,564 530,943 89,370 |
2020 10 Total funds £ 176,072 124,855 452 229,564 530,943 89,370 |
|---|---|---|
| 530,943 89,370 |
continued...
Page 7
REDGATE FARM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted Restricted fund funds £ £ Charitable activities Charitable activities 162,689 - Other 3,263 - Total 255,322 - NET INCOME 275,621 - RECONCILIATION OF FUNDS Total funds brought forward 132,986 - TOTAL FUNDS CARRIED FORWARD 408,607 - 8. TANGIBLE FIXED ASSETS Improvements Freehold to Motor land property vehicles £ £ £ COST At 1 April 2020 and 31 March 2021 15,000 228,495 2,266 DEPRECIATION At 1 April 2020 - 217,126 418 Charge for year - 2,272 462 At 31 March 2021 - 219,398 880 NET BOOK VALUE At 31 March 2021 15,000 9,097 1,386 At 31 March 2020 15,000 11,369 1,848 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ VAT 2,200 Prepayments 655 2,855 |
Total funds £ 162,689 3,263 255,322 275,621 132,986 408,607 Totals £ 245,761 217,544 2,734 220,278 25,483 28,217 2020 £ 2,672 2,018 4,690 |
Total funds £ 162,689 3,263 |
|---|---|---|
| 255,322 | ||
| 275,621 132,986 |
||
| 408,607 | ||
continued...
Page 8
REDGATE FARM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2021
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Trade creditors | (385) | 1,512 | |||||
| Taxation and social security | - | 505 | |||||
| Other creditors | 4,553 | 5,365 | |||||
| 4,168 | 7,382 | ||||||
| 11. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| £ | £ | £ | £ | ||||
| Fixed assets | 25,483 | - | 25,483 | 28,217 | |||
| Current assets | 504,554 | - | 504,554 | 387,772 | |||
| Current liabilities | (4,168) | - | (4,168) | (7,382) | |||
| 525,869 | - | 525,869 | 408,607 | ||||
| 12. | MOVEMENT IN FUNDS | ||||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.20 | in funds | funds | 31.3.21 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General fund | 408,607 | 117,336 | (74) | 525,869 | |||
| Restricted funds | |||||||
| Disabled toilet | - | (74) | 74 | - | |||
| TOTAL FUNDS | 408,607 | 117,262 | - | 525,869 | |||
| Net movement in funds, included in the above are as follows: | |||||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 305,121 | (187,785) | 117,336 | ||||
| Restricted funds | |||||||
| Disabled toilet | 1,015 | (1,089) | (74) | ||||
| TOTAL FUNDS | 306,136 | (188,874) | 117,262 | ||||
| Comparatives for movement in funds | |||||||
| Net | |||||||
| movement | At | ||||||
| At 1.4.19 | in funds | 31.3.20 | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 132,986 | 275,621 | 408,607 | ||||
| TOTAL FUNDS | 132,986 | 275,621 | 408,607 |
continued...
Page 9
REDGATE FARM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2021
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 530,943 | (255,322) | 275,621 |
| TOTAL FUNDS | 530,943 | (255,322) | 275,621 |
13. RELATED PARTY DISCLOSURES
During the year the Charity made the following related party transactions:
Mr M Hanna
During the year Mr M Hanna provided building services to the sanctuary amounting to £2,966 (2020 £nil). At the balance sheet date the amount due to Mr M Hanna was £nil (2020 £nil).
Page 10
REDGATE FARM ANIMAL SANCTUARY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Adopting of animals | 16,266 | 24,335 |
| Donations | 95,803 | 149,927 |
| Friends of Redgate | 2,671 | - |
| Spaying and neutering | - | 500 |
| Boarding | 445 | 1,310 |
| 115,185 | 176,072 | |
| Other trading activities | ||
| Fosse Road shop | 16,612 | 44,758 |
| Loughborough shop | 30,512 | 56,838 |
| Redgate shop/cafe | 35 | 124 |
| Syston shop | 124 | 8,667 |
| Rags and show monies | 1,414 | 3,934 |
| Coalville shop | 17,510 | 4,271 |
| Fundraising income | - | 6,263 |
| 66,207 | 124,855 | |
| Investment income | ||
| Interest on cash deposits | 173 | 452 |
| Other income | ||
| VAT claim | - | 229,564 |
| Job retention scheme | 23,233 | - |
| Business rates grant | 101,338 | - |
| 124,571 | 229,564 | |
| Total incoming resources | 306,136 | 530,943 |
| EXPENDITURE | ||
| Raising funds | ||
| Wages | 29,676 | 36,624 |
| Rent | 23,754 | 28,463 |
| Water rates | 3,126 | 4,655 |
| Insurance | 6,615 | 6,116 |
| Light and heat | 7,047 | 8,829 |
| Shop telephone | 934 | 1,120 |
| Volunteer expenses | 79 | 692 |
| Shop repairs | 11,006 | 2,871 |
| 82,237 | 89,370 | |
| Charitable activities | ||
| Wages | 78,919 | 55,026 |
| Animal food & bedding | 3,757 | 4,101 |
| Repairs | 3,206 | 20,521 |
| Vet & blacksmith | 7,357 | 13,584 |
| Telephone | 963 | 902 |
| Postage and stationery | 1,496 | 1,165 |
| Advertising | 500 | 450 |
| Motor and travelling | 991 | 1,426 |
| Carried forward | 97,189 | 97,175 |
This page does not form part of the statutory financial statements
Page 11
REDGATE FARM ANIMAL SANCTUARY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 97,189 | 97,175 |
| Staff training | - | 425 |
| Trade subscriptions | 467 | 314 |
| Bookkeeping | 1,737 | 1,506 |
| Legal & professional fees | 13 | 48 |
| Bank charges | 928 | 1,431 |
| Cleaning | 1,349 | 786 |
| 101,683 | 101,685 | |
| Other | ||
| Depreciation of tangible fixed assets | 2,734 | 3,263 |
| Support costs | ||
| Other | ||
| Sundries | 20 | 544 |
| Governance costs | ||
| Accountancy and legal fees | 2,200 | 1,710 |
| VAT consultancy fee | - | 58,750 |
| 2,200 | 60,460 | |
| Total resources expended | 188,874 | 255,322 |
| Net income | 117,262 | 275,621 |
This page does not form part of the statutory financial statements
Page 12