REGISTERED CHARITY NUMBER: 1036506 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR REDGATE FARM ANIMAI SANCTUARY TC Grovp 31 High View Close HamiElon Office Paik Leicesler Leiceslevshire LE4 9LJ
REDGATE FARM ANIMAL SANCTUARY CONTENTS OF THE FINANCIAL STATEMENTS Fcr The Year Ended 31 March 2024 Page Relerence and AdmlnlstratSve Detalls R•port of the Twsl••s Independent Examlner'i Report stalement of Financlal ActlvlN•5 Balance Sheel Noles to Ihe Financial Stalements 7 to 12 Delaljed Slalement of Flnanclal Aellvlll•3 13 to 14
REDGATE FARM ANIMAL SANCTUARY REFERENCE AND ADMINISTRATIVE DETAIIS For The Year End•d 31 March 2024 TRUSTEES L D Neville Y Brown N A Wright Iresigned 24.4.231 M Honno P J Trevorthen Iresigned 8.5.241 SJBole V A Clarke Wylp B Knopp PRINCIPAL ADDRESS Redgafe Fami Animal Sancluary 233 Show Lane Mortfield Leicester Leicestershire LE67 9PW REGISTERED CHARITY NUMBER 1036506 INDEPENDENT EXAMINER TC Group 31 High View Close Homilton Office Pork Leicester Leice51eTShire LE4 9LJ Page I
REDGATE FARM ANIMAL SANCTUAR Y REPORT OF THE TRUSTEES For The Year Ended 31 March 2024 The trvstees present their report with the finonciol slalements of Ihe charity for the year ended 31 March 2024. The Irvslees have adopfed the provisiorbs ol Accounting and Reporting by Charities.. Statement of Recommended Proctice opplicable lo charitie5 preparing Iheir accounts in accordance with the Financial Reporting Slandord opplicoble in Ihe UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJECTIVES AND ACTIVITIES Objecllves and alms The objects of the charity ore: lo relieve the svffering of anima15 and provide and maintain a rescue home for unwanted animals und provide treatment for sick and ilktreated animals. - to provide a T&homing service for animals fil for re-homing with o neuteringlspoying oplion if needed. No animal will be put down. unle55 on the odvice of o velerinary surgeon. Puble b•n•fll The Irvstees are of the opinion Ihal Ihe octivities vndertoken in accordance wilh the objecls of the chority meet the definition of public benefit. The Irustees confirm thal they have complied with the reqvirements of section 4 01 the Charilie5 Acl 2011 to have due regard to the public benefit guidance published by Ihe Charity Commi55ion for England and Wole5. ACHIEVEMENT AND PERFORMANCE Choittable a¢tlvltie$ Our mission al Redgote Farm Animal Sancluory is to rescue and rehome anima15 in need, oftering them o sale, comfortoble space until we can ge them into a loving home. We core for companion animals and lorm onimots, ond ore woting lo ensure that every animal is well cared for and under51ood 50 they have the besl quality of lile. In this lasl yeor we have rescued, rehabifilated, ond rehomed a voriefy of animals in need. including cots. robbils. guinea pigs. hamster5. ducks, geese, chickens, sheep, pigs, and goats.ln totol, we have rehomed 160 cals. 54 birds, and 6 small animals. We have a150 added 3 form cals, 2 goots and a pig to the Redgate family. We have had fencing put up to secure our fields and cieale poddocks tor our grazing animals.we have had planning approved for a new cattery ond barn to be built al Ihe sanctuary, which we are hoping t0 start WOTk on this year. FINANCIAL REVIEW Flnanclal p051tion The trvstees ore pleased lo report on overoll surplus of £75,906 for the year ended 31 March 202412023.. £32.980 svrplusl. Income from our charity 5hop5 continue5 to recover well following the COVID relaled closures of 2020-2021 ond expenditure on running the cenlre is in line with the Previous year. Oveioll reserves at 31 March 2024 stood at £650.95812023'. £575.0521 of which £644.34712023'. £562,953) was held os cash ot bank. Reserves pollcy The trustees oim lo relain sufficient unre5tricled reserves in order to cover the equivalent of 18 months, operaling cosls ol the organi5ation. Fund$ In dellcltr There were no funds in deficit during the period. Page 2
REDGATE FARM ANIMAL SANCTUARY REPORT OF THE TRUSTEES For The Year Ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is constituted under a Trust Deed dated 4 March 1994 as omended on 3 October 7997. 9 June 2000 ond 16 March 2012. Approved by order of the board of Iru51ees on 10 September 2024 ond signed on its behalf by: L D Neville - Truslee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDGATE FARM ANIMAL SANCTUARY Independènt examlner'$ report lo the trustees of Redgate Farm Anlmal Sanctuary I report lo the charity trustees on my examination of the accounts ol Redgale Fam Animal Sanctuary Ilhe Trusti for the year ended 31 March 2024. Rospon3lbllHles and ba515 ol report As the charity trustees of the Trust you are responsible for Ihe PTeporation of Ihe occounls in occordonce with Ihe requirements of the Charitie5 Acl 2011 I'lhe Acl'l. I reporl in respecl of my examination of Ihe Trusl's accounts carried out vnder Seclion 145 ot Ihe Acl and in carrying out my exominalion I have followed oll applicoble Direclions given by the Charity Commission under Section 145151 Ibl of the Act. Independent examlner's stalemenl Since your chority'5 gro55 income exceeded £250.{ your examiner musl be a member ol a lisled bocty. I can confirm that l am qvolified to underloke the exominalion because l am o member of Ihe Inslilvte ol Charteied Accountants in England ond Wales, which is one ol the lisled bodies. I hove completed my examination. I confirm Ihal no material mallers have come to my attenlion in conneclion with the examination giving me cou5e to believe thol in ony moteiiol respect: occounling records were not kepl in Tespect of the Trust os required by Seclion 130 of the Act-, or the accounts do not accord with those records- or the occounts do not cornp with Ihe appficable requirements concerning the form and content of occounls set out in the Charities IAccount5 and Reportsl Regulalions 2008 other than ony requirement Ihot the accounts give a true ond lai¥ view which is not o motter consider8d as part ol an independent examination. I hove no concerns and have come ocross no other matters in connection with Ihe exarnination to which otlention should be drawn in this report in order to enable a proper undeistanding of the accounts lo be reached. Richard Buckby FCA TC Group 31 High View C103e Hamillon Office Pork Leicesler Leicestershire LE4 9LJ 10 September 2024 Page 4
REDGATE IARM ANIMAL SANCTUARY STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unreslricted fvnd Reslrieted fund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 94.733 94.733 79.057 other trading acfiviti6s Investment income 229.981 7.621 229.981 7.621 186.658 2.373 Total 332.335 332,335 268,088 EXPENDITURE ON Raising lunds 93.336 93,336 92,149 Charltable actlvlNes Chariloble octivities 161.622 161,622 140.792 Olher 1.471 1.471 2.167 Total 256.429 256,429 235,108 NET INCOME 75,906 75.906 32.980 RECONCIUATION OF FUNDS Total fund5 brought forward 575,052 575.052 542.072 TOTAL FUNDS CARRIED FORWARD 650,958 650.958 575,052 The notes form part of Ihe5e linoncial statements Poge 5
REDGATE FARM ANIMAL SANCTUARY BALANCE SHEET 31 March 2024 2024 2023 Notes HXED ASSETS Tangible asset5 22.532 21,150 CURRENT ASSETS Debtors Cash ot bank and in hond 1.978 644,347 4.366 562,953 646,325 567,319 CREDITORS Amounts falling dve within one year 10 117.8991 113.4171 NETCURRENT ASSETS a?8.4? 52.902 TOTAL ASSETS LESS CURRENT LIABIUTIES 650,958 575.052 NET ASSETS 650.958 575,052 FUNDS Unrestricted furhds 12 650.958 575.052 TOTAL FUNDS 650.958 575,052 The finoncial slatements were approved by the Boord of Truslees and au*horised for issue on 10 September 2024 and weie signed on ils behalf by: L D Neville- Trustee The notes form parl of Ihese financial statements Page 6
REDGATE FARM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS F¢1 The Year Ended 31 March 2024 ACCOUNTING POLICIES Bosls of preparlng the Ilnanclal slalemenls The financial statement5 of the charity, which is a pvblic benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Stotement of Recommended Practice applicable to chorilies Pfeparing their accounls in accordance wilh the Financiol Reporting Standard epplicoble in Ihe UK and Republic of Ireland IFRS 1021 (effective l Jonuory 20191,. Financial Reporting Standord 102 'The Finonciol Reporling Standord applicable in the UK ond Republic ol Ireland, ond the Charilies Act 201 l. The financial statemenls have been prepored under the historical cost convention. Income and endowments Voluntary income including donalions. gifts. le9acie5 and grants that provide core lunding 01 are of a general nalure is recognised when the Charity hos entitlement lo the income. il 15 probable that the income will be received and the amounl can be measured with sufficient reliability. Donallon$ und legocles Donolions and legocies are recogni5ed on a receivable basis when receipt 15 proboble ond the omounl can be rel10b measured. Glll ald Incoming resources from lox recloims ore included in the Statement ol financial Activilies at the some time os the gift to which they relale. Inv•slmenl In¢ome Dividends are reco9ni5ed once the dividend has been declared and notification has been received of the dividend due. Expendlture All expenditure is recognised once there is a legal or constructive obligalion lo Ihol expendilure. il is probable settlement is required and Ihe amount can be measured reliably. All costs are 051ocaled to the applicable expenditure heading thol oggregate similar costs to that category. Wh8re cosls connol be diTeclly attributed to porticular headings thy have been allocated on a ba515 con555tent with Ihe Use ol resource5. With central staff costs allocated on the bosis of time spent, and depreciation charge5 allocated on the portion of the asset's Use. Other support costs are allocaled b05ed on Ihe spread ol slaff costs. Rotsing lunds These are costs incurred in attracting voluntary income, the monogemenl of inveslmenls and those incurted in Iraéing aclivities Ihol roi$e funds. Chorllabl• actlvitl•$ Choriloble expenditure comprise5 those c051s incurred by the Charity in the delivery o its octivities ond services for 115 beneliciories. It includes both costs that can be ollocated directly Io such activities and those costs of an indirecl natUTe necessary to support them. Gov•rnan¢• eosts These include the costs attributable to the Chority's compliance with constitutional ond 51olulory reqviremens, including audit, stralegic management and Truslee's meetings and reimbursed expenses. Tan9ible fixed as$el$ Deprecialion is provided al the following annual Tales in order lo wrile off each assel over its estimated useful life. Freehold lond Improvements to property Slraighl line over 2 10 6 years 20Yo on redvcing bolonce Page 7 continued...
REDGATE PARM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS - contlnued For The Year Ended 31 March 2024 ACCOUNTING POLICIES . continued Tunglble Ilxed assets Fixtures and fittings Molor vehicles 2570 on reducing balance and 151• on redvcing bolonce 25% on reducing balance Taxatlon The chority is exempt from tax on ils charilable oclivities. Fvnd a¢¢ovnling Unrestricted funds can be vsed in occordance with the charitoble objective5 Ot the di5CTelion of the trustees. Reslricted funds can only be used lor particular reslricled purposes within the objects of the chority. Restriction5 ori5e when specified by Ihe donor OT when funds are raised for particular re5tricled purpose5. Further explanotion of the noture ond purpose of each fund is included in the noles lo Ihe financiol statements. DONATIONS AND LEGACIES 2024 2023 Adopling of onimals Donalions & legacies Boarding 19.276 74.573 884 14,615 63,419 1,023 94,733 79,057 OTHER TRADING ACTIVITIES 2024 2023 Fosse Road shop LoughboTough Shop Rags ond show monies Coalvillè shop 49.378 126,382 1.228 52.993 42.900 88,958 1.454 53.346 229.981 186,658 INVESTMENT INCOME 2024 2023 Inleresl on cosh deposits 7.621 2,373 Poge 8 continued...
REDGATE FARM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS . conllnued For Th• Y•ar End•d 31 March 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benetits for the year ended 31 March 2024 nor lor the year ended 31 March 2023. Tivslee5' exponses There were no trustees. expenses paid for the year ended 31 March 2024 nor for the yeor ended 31 March 2023. STAFF COSTS The average monlhty nvmber of employees during the year was a5 follows.. 2024 14 2023 14 Sancluary ond shop No employees received emoluments in excess of £60,0W. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Reslricted funds Totol funds INCOME AND ENDOWMENTS FROM Donations and legacies 79.057 79,057 other trading activitie5 Investmenl income 186.658 2.373 186,658 2,373 Total 268,088 268.088 EXPENDITURE ON Roising funds 92,149 92,149 Charllable a¢llvllles Charilable activilies 140,792 140,792 other 2.167 2,167 Totol 235,108 235,108 NET INCOME 32.980 32,980 RECONCIUATION OF FUNDS Total funds broughl forward 542.072 542.072 TOTAL FUNDS CARRIED FORWARD 575.052 575.052 Page 9 conlinued...
REDGATE FARM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS . contlnued For The Year Ended 31 March 2024 TANGIBIE FIXED ASSErs Improvements to propety Fixtures and fittings Freehold lond Molor vehicles Tola15 COST Al l April 2023 Additions 15,000 228,495 2.012 2.266 245,761 2.853 841 At 31 March 2024 15.0 230.507 841 2.266 248,614 DEPRECIATION At I ApTiI 2023 Charge for year 223.039 1.088 1.572 173 224.611 1.471 210 At 31 March 2024 224.127 210 1.745 226.082 NEf BOOK VALUE At 31 March 2024 15,OC 6.380 631 521 22.532 At 31 March 2023 15,000 5.456 694 21,150 DEBTORS: AMOUNTS FALIING DVE WITHIN ONE YEAR 2024 2023 VAT Prepoyments 2.575 1.791 1.978 1,978 4.366 lo. CREDITORS: Amouiifs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation ond social security other credilor5 8,514 3,662 5,723 8,050 191 5,376 17,899 13,417 Page IQ continued...
REDGATE PARM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS - contlTrued For The Year Ended 31 March 2024 11. ANALYSIS OF NE[ ASSETS BETWEEN FVNDS 2024 Tolol funds 2023 Tolol lunds Unrestricted fund Restiicted funds Frxed asset5 Current assets Current riobililies 22,532 646,325 117,8991 22,532 646,325 117,8991 21,150 567,319 113,4171 650,958 650,958 575,052 12. MOVEMENT IN FUNDS Net movement in fund5 At 31.3.24 Al 1.4.23 unreAt1*d funds Generol fund 575.052 75,906 650.958 TOTAL FUNDS 575.052 75.906 650,958 Net movement in funds. included in the above aTe os follows: Incoming resouice5 Resources expended Movement in funds Unreslrlcted Ivnds General fund 332.335 1256.4291 75.906 TOTAL FUNDS 332.335 1256,4291 75,906 Comparallves IOT movement In lunds Nel movemenl in funds At 31.3.23 At 1.4.22 Unrestrfcled funds General fund 542.072 32.980 575,052 TOTAL FUNDS 542,072 32,980 575,052 Poge I continued...
REDGATE FARM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS - eonllnved FOT The Year Ended 31 Murch 2024 12. MOVEMENT IN FUNDS - conllnued Comparative net movemenl in fund5. inclvded in the above are as follows: Incoming resource5 Resources expended Movemenl in funds Unreslrlcted funds General fund 268.088 1235.1081 32,980 TOTAL FUNDS 268.088 1235.1081 32,980 13. RELATED PARTY DISCLOSURES During Ihe year the Charity made the followng reloted party Iransaclions.. Mr M Hanna During the yeor Mr M Hanna provided building services to the soncluary amounling to £6,94212023 £6.9271. Al the balance sheet dote the amounl due lo Mr M Hanna wos £3,03512023 £nill. Page12
REDGATE FARM ANIMAL SANCTUARY DEYAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donatlon$ and legacles Adopling of onimals DonaliDn5 & legocie5 Boarding 19.276 74,573 884 14.615 63,419 1,023 94.733 79.057 Olher trodlng aclfvNtes F055e Road shop Lovghborough shop Rags ond show monies Coalville shop 49,378 126,382 1.228 52,993 42,900 88.958 1.454 53.346 229,981 186.658 Inveslment Income Inlerest on cash dep051t5 7,621 2,373 Total Incomlng resources 332,335 268,088 EXPENDITURE Ratslng Ivnds Wage5 Rent Waler rale5 Lighl and heal Shop telephone Volunt9er expenses Shop repairs 56,088 21,030 1,036 6,279 344 53 8.506 51,841 20.017 2,301 12,192 420 36 5,342 93.336 92,149 Chaillable o¢llvltlei Wage5 Animol food & bedding Repairs Vel & blacksmith Telephone Poslage and stationery Advertising Compule¥ moinlenance Motor and Iroveifing Carried forwoid 71.567 10,261 16,684 15,182 765 1.833 66,908 8,880 23,231 7,844 614 673 doo 182 1,887 110.619 350 2.033 118,675 This page does nol form part of the slatvlory financiol slolements Poge 13
REDGATE FARM ANIMAL SANCTUARY DETAILED STATEMENT OF FINANCIAL ACTIVIIIES For Tho Yeor Ended 31 March 2024 2024 2023 Charllable aellvlH•$ Brought forword stolf troining Trade sub5criplions Bookkeeping Legal & professional fees Bonk chorge5 Cleoning Insurance Lighl & heol Waler rales 118.675 380 35 1.979 9.017 3.001 4.096 8.396 10.445 2,703 110,619 21K) 399 2.002 2,230 1.826 2,776 7,781 8,172 2.245 158.727 138.250 Depreciation of tangible fixed assels 1.411 2.167 Support costs other Sundrie5 195 142 Governance coz15 Accountancy ond legal fee5 2,700 2,400 Total Tesources expended 256.429 235,108 N•1 Incom• 75.906 32.980 This poge does not form part ol Ihe 5tatulory financial slatemenls Page14