**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: 1. 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 3. 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