THE RAPTOR FOtTNDATION ANNUAL REPORT AND FfNANCIAL STATEMENTS FOR ThE YEAR ENDED 31ST MAY 2024
THE RAPTOR FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MAY 2024 CONTENTS AND LEGAL AND ADMINISTRATIVE FORmATIoN CONTENTS PAGE: TrStee5 Report Independent Examin¢TS Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-14 TRUSTEES., MT Russell Hirst MT Paul Frost MT Graham Wesson CHIEF EXECUTIVE: MTS Elizabeth Blows CHARITY NUMBER.. 1042085 PRINCIPAL ADDRESS.. The Heath St Ives Road Woodhurst Huntingdon PE28 3BT INDEPENDENT EXAMER., Ian Shipley FCCA For and on behalf ot: Prentis & Co LLP Chartered Accountants & Independent Examiners 115c Milton Road Cambridge CB4 IXE BANKERS.. National Westminster Bank PIC 92 High Street Huntingdon Carllbridgethir¢ PE29 3DT The Co-operative Bank PIC l Balloon Street Manchester M60 4EP Barclays Bank PIC 12a Market Street Saffron Walden Essex CBIO IHR
THE RAPTOR FOUNDATION PAGE I FANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MAY 2024 TRUSTEES, ANNUAL REPORT The Trustees present their annual report at f1claI statements for The Raptor FoLLndation for the year endod 318t May 2024. The Trustees are responsible for preparing the TTustses' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law appliuable to charities in England and Wales requires tbe Trustees to prepare financial statements for each fllW]cial year which give a true and faAr view of the state of affairs of the charity and of the incotning resources and application of resources of the charity fur that year. In Preparing these fmancial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principals in the Charities SORP 2019 (FRS 102), make jtTdgements and estimates that are reasonable and prudent; state whether applicable counting standards have been followed, subject to any material departures disclosed and explained in the financial statements" and prepare the financial statements on the going concern b18 unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Chty and enable them to ensure that the fU1claI statetD¢nts comply with the Charities Act 2011, th¢ Charity (Accounts and Reports) Regulations 2008 and the Provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the wevention and detection of fraud and other irregularities. OBJECTIVES AND ACTIVITIES The principal activity of the charity in the year under review was the rescue and care of sick and injured birds of prey? tog¢ther with the advancement of education by research into the care and rehabilitation of birds of prey and publishing the results of such research. The Trustees have paid due regard to guidance issued by the Charity Comtnissioll in deciding what activities the charity should undertake. ACHIEVEMENTS AND PF.RFORMANCE The charity pmvides a 24-hour) year-round, emergency s¢rvi¢e for the resuue of bir(ts of prey. The centre provides treatsnent, rehabilitation and, where possible, release of wild native raptors. In addition of the wild birds, the charity also provides care for both native and non-native species of captiv¢ bred birds of prey. These come from various sources. including cru¢lty oases, illegal import seizures. escaped birds whose Owne cannot be traccd and unwanted pets. The charity has continued with its rescue and rehabilitation of birds of prey, and this year redesigned and rebuilt some new aviaries to accommodate them. Our new exl)ibit 15 doing well and has been a great additton to the c¢ntr¢, We are also planning a redevelopment and redesign of SOTne of the existing aviarÉes An the main centre which Iiave been up for over 25 years, tsking into consideration the species to be housed and whether they are to be a bTeeding pair. Ideally, we would look at species that are of concem and vulnerable. The visitor centre is open all year round for the public to view the collection of birds of prey and animals. Throughout the day thore are flying displays and talks in the Teptiie house. These talks are aimed at not only entsrtaining the visitors. buÉ also educating them oll how the birds and 8nimals live 8fLd behave in the wild, and raising awareness of key conservation issues.
THE RAPTOR FOUNDATION PAGE 2 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024 TRUSTEES, ANNUAL REPORT The chlty is committed to education at all levels. For children, educational talks and demonstrations aimed at each key stage are provided at the centre, in schools and at other establishments. For those that wantto be actively involve we otyer work experience and volunteering opportunities in which applicants would gain a fuller knowledge and understanding of training, all aspects of caring for all the animals currently in our care, including handling &nd flying the birds. At a higher level, the charity provides work placements for college and veterinary student5 for general animal husbandry and also specific medical care of raptors. The charity is involved with conservation work, in the local area and also with national organisations, aimed at improving babitats and providing nesting sites for th¢ wild population of birds of Prey. The centre is involved with general conservation work for natural floTa and fauna. We are continuing to monitor our goat moth population and ensuring that their nesting sites are not disturbed. The charity is looking at other ¢ons¢rvation projects here and abroad and are currently in talks wAth Little Firefac¢ project in Endia and are working with Project Lugger in the UK, ro ectlu er.com Vulture Awareness in Africa, India and Pakistan which is led by the Hawk Conservancy In Handover to raise funds through the sale of wristbands and conducting educational tallcs h¢re in the UK about the plight of this bird in its native country. The charity is sÉaffed by a small team who are supported by a large group of volLmteer5 helping both at the centre and at outside fund-raising activities. In addition, the Board of Trustees aid the charity with financial and managerial Consultation. The dedicated support and hard work of all these people enable the ¢haTity to operate at such a high level. FINANCIAL REVIEW Reserves Polllcy The reserves of the charity are represented mostly by the fixed assets. The largest category being land alld buildings. The reserves policy is to build up reserves to & satisfactory level to Meet any future fluctuations in activities and to have sufficient reserves to fLd two months unrestricted e](penditUTe of approximately £20,000, should the need arise. unStrICted funds can only be used for the charity's activities and cannot be distributed to Trustees or any other party. Income tax r¢coverable in relation to donations received Lmder Gift Aid or Deeds of Covenant is recognised at the time of the donation. RISK MANAGEMENT The Council of Management has assessed the major Tisks to which the charity is exposed, in particular those reKated to the operations and finances of the charity and is satisfjed that systems are in place to mitigate their exposure to the major risks. These procedures are periodically reviewed. STRUCTURE, GOVERNANCE AND NNAGEMENT rhe Gharity established by a Charitable Trust Deed on 8th November 1994. The Trustees who served during the yeaT and up to the date of signature of the financial statements were: Mr Russell Hirst Mr Paul Frost Mr Graham Wesson The charity appoints Trustees following advertisement or recommendation. The Trust Deed requires there to be a minimum of three Trustees. The power to appoint new members is vested in the existing Trustees. The Trust subsequendy achieved charitable status. No Trustee received remLll]eration for serviL'es as a member of the Trustees (2023: £Nil), or received any reimbursement for travelling and entertainment expenses {2023: £Nil), No Trustee member had any beneficial interest in any contract with the charity during the year.
Docu81gn Envelope ID.. 98823CDO-EB434660-834A-386FF240066F THE RAPI'OR FOUNDATION PACYE 3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MA Y 2024 TRUSTEES, ANNUAL REPORT The Friends of The Raptor Foundation are the funth'aising part of the Foundation, They undertake fundraising at vartous outside events, The charity is also supported by The Raptor Foundation (UK) Trading Ltd which oper&tss from the PTemises o¢¢upied by the charity. Over the last couple of years the charity has been periodically affected by measures t81(en to prevent and contain Avian Flu. It is now becoming evidthit that Avian Flu is something we are going lo have to get used to, 8J]d so keep all the necess8ry restrictions pennanently in place (i,e. equipment) for the 'just in case, scen10. ON BEHALF OF THE TRUS'TEES Slgn?d by.. FIFIle1E44P..,........... MR GRAEtAM WESSON TRUSIEE 2/24/2025 DATE
THE L4PTOR FOUNDATION PAGE 4 FINANCIAL STATEMENI'S FOR THE YEAR ENDED 31 ST MAY 2024 INDEPENDENT EXAMtNER'S IIEPORT TO THE TRUSTEES OF THE RAPTOR FOUNDATION I report to the Trustees on my examination of the accounts of The Raptor Foundation (the clwity) for the year ended 31st May 2024. RESPONSIBILITES AND BASIS OF REPORT As the Trustees of the charity you are respon5ibl¢ for the prepgTrtion of the financial statements in accordance with the requirem¢nts of the Charities Act 2011 { the Act"). I report in Tespect of my examination of the charity's accounts cattied out under section 145 of the 201 l Act, In carrying out my examination I have followed all the 3ppIiGable Directions givon by the Charity Con]mission under section 145(5)(b) of the 201 l Act, tNDEPENDENT EXAMtNER'S STATEMENT Since the chaTlty'S gross ill¢on]¢ e¢¢ded £250,000 your exatlliDer must be a member of a body listed in s¢ction 145 of the 2011 Act. I confirn) that I qualifie.d to undertake the examination because I ara a member of Chartered Certified Accountants, whiGh is one of the listed bodies. I have completed my examination. I confirm that no rrtatters bave come to ny attentloll in connection with the exojnination giving m¢ cause to believe that in any material respect: I, accouniing records were not kept in respect of the charity as required by section 130 of the Act. or 2. the fmancial 5tatsments do not accord with those record8, or 3. the fjnancial statements do not comply wittL tbe applicable requiTemellts concerning the form and Gontents of acCoLts Set out in the Charities (Accounts and Reports) Regulations 2008 other th8n any requiTement that the accounts give a 'true and fair view, which is not a matter Gonsidered as part of an independent examinatiotL I have no concerns and have Con across no other matters in connection with the exan]inatioJ to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached, N SHIPLEY FCCA FOR AND ON BEHALF OF: PRENTIS & CO LLP CHARTERED ACCOUNTANTS & INDEPENDENT EXAMINERS 115¢ Milton lioad Canthridge CB4 IXE
THE KAPTOR FOUNDATION PAGE 5 FINANCIAL STATEMENFS FOR THE YEAR ENDED 31 ST MAY 2024 STATEMENT OF FINANCIAL ACTIVITIES Unrestricted R¢stricted Funds Funds 2024 2024 Unrestricted Re5tri¢tsd Funds Funds 2023 2023 Total 2024 Total 2023 Notes INCOME Donations and legacies Activiti¢s for generating funds Investment income 164,U54 113,369 58,424 164,054 113,369 58,424 148,323 140,000 31.381 2,322 150,645 140,000 31,381 TOTAL NCOME 335.847 335,847 319,704 2,322 322,026 EXPENDITURE Costs of generating fiulds Charitable activities 62,422 288,617 62,422 289,784 352,206 102,342 304,499 102,342 306,875 1,167 1,167 2,376 TOI'AL EXPENDITURE 351,039 406,841 2,376 409,217 NET EXPENDITURE FOR THE YEAR (15,192) (1,167) (16,359) (87,137) (54) (87,191) RECONCILIATION OF FUNDS Total fifftd balanGe brought forward Total fund balance carried forward 796,309 7,879 804,188 787.829 883,446 796.309 7.933 891,379 781,117 6,712 7,879 804.188 The Ststement of Finallcial Activities includes all gjins and losses recogDised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 14 forni part of these fmancial statements.
Docuslgn Envelope ID.. 98823CDO-EB43-4660-B34A-386FF240066F THB RAPTOR FOUN.DAI'ION PAGE 6 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MAY 2024 BALANCE SHEET 2024 2023 Notes FIXED ASSETS Tallgible (Issets Fixed assets 781,938 812,939 12 TOTAL FIXED ASSETS 781,940 812,941 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 13 14 150 5,979 42,551 15Q 6,583 49,617 56,350 TOTAL CURIiENT ASSETS 48,680 LIABILITIES Creditors.. Arnounts falling du¢ within one year 16 42,791 65,103 NET CURRENT ASSETSI(LIABILITIBS) TOTAL NET ASSETS 5,889 (8,753) 804,188 787,829 THE FLfNDS OF TFIE CHARrrY Rgstricted funds UnKstricted incornc funds 17 6,712 781,117 7,879 796,309 TOTAL CHARITY FUNDS 787,829 804,188 The finallria] statements were approved by the TTUStees on Signed by-. .ET954CFAe75E44D... MR GRAEL4M WESSON TRUSTEE The notgs on pages 7 to 14 fomi part of these financial statements.
THE IiAPTOR FOUNDA TION PAGE 7 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MAY 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES CIIARITY INFORMA TION The Raptor Foundation Clwity is an unincorporated charity in Bnglalld and Wales. Its prTnGipal addre8S is The Heath. St Ives Road, WoodhursL HuDtingdon, PE28 3NY. ACCOUNTING CONVENTION The fllmncial statements bave been prepared in accordance with the charity's constitution, the Chariti¢s Act 2011 and 'AountIng and Reporting by Charities,. Statement of R¢corllmended Prdctice applicable to charities preparing thell. accounts in accordance with the Financi&l ReportiTJg Stalldd app]i¢ablo in th¢ UK and Republic of Ireland (FRS 102) (effective 1st Jellry 2019),. The charity is a Public Benefit Entity as defined by FRS 102. The clwity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the fictional currency of the charity. Monetary arnounts in these fmancial statements are rounded to the nearest £. The fJJwiGial ststellLents have b¢en pr¢pared under the historiGal cost conventioN Imodified to include the revaluation of freehold Properties and to include investment properties and certair¢ financial instruments at fair value]. The principal accounting poliGi¢S adopted are set out below. GOING CONCERN At the tin of approving the financial ststements, the Trustees have a re&8onable expectation that the charity Trs adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in prep&Ting the fm3llGial statsments. CHARITABLE FUNDS Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subjeLt to specific conditions by donors as to how tbey may b¢ used. The purposes and uses of the restricted fimds are set out in the notes to thB fjnancial statements. COME In¢one is recognised when the charity is legally entitled to it after any perforn]ance conditions have been mel the atnounts can be Tnea8UTed reliably, and it is probable that income wlll be received. Cash donations are recogDised on receipt. Other donations are recognised once the charity has been notificd of the donation, unless perforni&nGe ronditions require deferral of the amount. Income tax recoverable in lation to donations received under Gift Aid OT d¢eds of covetwit is recognised at the time of donation. Legacies are Teco¥nised on r¢reipt or otherwise if the charity bas been notified of an impending distributio the amount is kllown, and receipt is expected. If the atnount is not known, the legacy is treated as a contingent asset. EXPENDITURE Expenditure is reColSed once there is a legal or oonstructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in Settleen( and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total dI¢t coyts and shared costs, including support costs involved in undertaking each vactivity. DiT¢Ct costs attributsble to a single activity are allocated directly to that actkvlty. Sbared costs which Contribute to more than olle aGtivity and support costs which are not atributabl¢ to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff ¢ostg are allocated on the basis of tinle spent, and depreciation charges are allocated on the portion of the assets use.
THE RAPTOR FOUNDATION PAGE X FANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MAY 2024 NOTES TO THE FINANCIAL STATEMENTS EXPENDITURE - continued Direct charitable expenditure includes all costs dirertly attributable to the clwktable activities of the company, together with an appropriate proportion of Gentral office costs. Apportionment mothod being time and usage. Support f05ts comprise the balance of all services 8upplied centrally not directly Y411oGated to the operation actkvities. Govenwice costs are incurred in connection with the strategic management of the company. It covers the costs of external audiL legal serviG¢s, Trustees, meetings and preparing statutory accounts. TANGIBLE FIXED ASSETS Tangible fixed assets are initially moasuT¢d at cost and subsequently measured at cost or valuation, net of depreciation and any impainnent losses. Tangible fixed assets are stated at cost less depreciation. Assets costing less than £100 are not Gapitalised. Depre¢iation 18 provided at rates calculated to WTits off the oost less estinted Tesidual value of each asset over its expected useful life. as follows., Leasehold land and buildings Plant and machinery Fixttjres, fittings and equipment Motor v¢hÉcles - Straight line over the life of the lease (50 years) - 20 % straight line - 200/0 straight line - 200/0 straigbt line The gain or loss aTising on the disposal of an asset is detsrminod as the difference between the sale proceeds and the canying value of the assets, and is recognised in the statem¢nt of finallcial activities, FIXED ASSET INVESTM8Frrs Fixed asset investments are initially measured at cost and subsequently moasured at cost less any accumulated impairment losses. The invesiments are assessed for impairment at each reporting date and any impairment losses or reversals of impairn]enl losses are recogllised inllnediately in not income/(expenditure) for the year. IMPAIRMENf OF FIXED ASSET8 At each reporting end date, the charity reviews the carrying amounts of its tangil)le assets to deterniine whetbeT there is any indication that those assets have suffered an irnpainnent10ss. If any such indication exists, the recoverable amoullt of the asset is esttrnated in order to deterniiue the extent of the iD]pairment loss (if auy), STOCKS Stocks ar¢ stated at the lower of cost and estirnated selling price less costs to Cotllplete alld sell. Cost comprises direct rnaterials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their pres¢nt location and condition, Iten]s held for distribution at no or llominal consideration are measured at the lower of replacejnent cost and cost. Net realisable value is the estimated selling price less all Bstirnated costs of completion costs to be inCu¢d in marketing, selling and distribution. i.io. CASH AND CASH EQUIVALENTS Cash and Cash equivalents include cash in hand, deposits held at call with banks, other sbort-tern liquid investsnents wkth original maturities of three months or less, and ballk overdTafts. Bank overdrafts are shown witbiTr borrowings in Gurrent liabilittw. i.ii FINANCIAL INSTRUMENTS The charity has eletited to apply the provisions of SectiQll I I 'Basic Fin&ncial Instnllnents, and S¢rtion 12 Otber Fin8llGial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's bal8nce sbeet when the rharity becomes paty to the ¢ontr8Ctual provisions of the instrument.
THE IiAPI'OR FOUNDATION PAGE 9 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MAY 2024 NOTES TO THE FINANCIAL STATEMENTS i.ii. FINANCIAL INSTRUMENTS - continued Financial assets and liabilities are offsel with the net amounts presentcd in the fjnancial statsments, when there is a legally enforceable right to set off the reoognised amounts and there is an intention to settle on net basis or to realis¢ th¢ assot and settle the liability simultaueously. .BASIC FINANCIAL ASSETS Basic financial assets, which include debtOT8 alld cash and bank balances, are initially measured at transaction price including transaction costs and are 8ub5equently carried at amortised costs using the effectiv¢ interest method unless the arrangement constitut¢s a fI]nCing transactiory where the transaction is measured at the present value of the future receipts discounted at a maTket rate of interest. Finencial assets clas8ifi¢d a5 receivable within one year are not amortised. BASIC FtNANCIAL LIABILITIES Basic fillCIal liabilities, including creditOT5 and bank loans qT¢ initially rewgnised at trSaction price unless the arrangement constitutes a financing transaction, where the debt inslnjment 18 measwed at the PTesent value of futur¢ payments disGounted at a market Tate of interest, Financial liabilities are Glassified as payable witbin one year are not amortised. Debt instrunjents are subsequently carried at amortised costs, using the effective interest rr¢te method. Trade creditors are obligationg to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable aTe classified as current liabilities if payment is due within one year or less. tf noL they aTe present¢d as non-cuellt liabilities. Trade creditors are recognised initially at transaction price and subsequently tneasured at amortised costs using the effective interest method. L)ERBCOGNITION OF FINANCIAL LIABILITIES Finallcial liabilities are derecognised when the chaTity's contractual obligations expire or are discharged or ancelled. 1.12. TAXATION The Trust is a registered charity and accordingly is exernpt from taxation on its income and gains where Éb¢y are appliecl to charitable purposes. 1.13. EMPLOYEE BENEFITS The cost of any unused holiday entitlement is recognised in the period in which the employee'5 services are received. Tennination benefits aro r¢cognised inwoediately as all ¢xpens¢ when the charity is demonstrably committed to tern]inate the ernployment of an employee or to provide termination benefits. 1,14. VAT The Charity 18 not Tegistered for VAT ther¢for¢ all income and costs inGlud6 VAT. 1.15. GOVERJMENT GRANrs Government grants are recogllised at the fair value of th¢ asset received or recgivable when there is reasonable assurance that the grt conditions will be met and tbe grants will be received. A grant that specifies perforniance Londitions is recognised in income when the perfLinnance conditions are md. Whore a grant does not specify peTforrnance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is Tecognised as a liability. 1.16. DBBTORS AND CREDITORS Debtors and creditors are measured at the amounts recoverablo or payable.
THE RAPTOR FOUNDATION PAGE la FINANCIAL s fATELklENTS FOR THE YEAR ENDED 31 ST MAY 2024 NOTES TO THE FINANCIAL STATEMENTS DONATIONS AND LEGACIES Unrestricted Restricted Funds Eunds 2024 2024 Unrestricted Restricted Funds Fullds 2023 2023 Total 2024 Total 2023 Donations and gift Legacies receivable Gov¢rnm¢nt grants Membership fees and adoptiony Miscellaneous donations Other 86,892 35.910 86,892 35,910 98,617 3,900 1,416 6,011 25,917 12,462 148,323 2,322 100,939 3,900 1,416 6,011 25,917 12,462 150,645 10.270 20.392 10,590 10,270 20,392 10,590 164,054 164,054 2,322 ACTIVITIES FOR GENERATING FUNDS 2024 2023 Tearoom sales Falwnry income Twilight flying Birthday parties Photographic days Meerkat experience Colltributions from The Raptor Foundation (UK) Trading Ltd Schools and outdoor shows 57.174 36,646 2,949 2,289 3,410 700 53,388 29,291 1,604 J,869 2,420 335 42,415 8,678 140,000 10,201 113,369 INVESTMENT INCOME Urjrestricted Unrestricted Funds Funds 2024 2023 Rental income Distribution from RaptOT Foundation (UK) Trading Limited Interest receivabl¢ 20,420 37,582 422 15,473 15,849 59 58,424 31,381 COSTS OF GENERATING FUNDS UnTestrithd UDrestriLtcd Funds Funds 2024 2023 Costs of generating donations and Iggacies: Advertising Other fidraISing costs Staff costs Other costs 2,189 27,689 32,544 14,236 28,883 48,203 11,020 62,422 102,342
THE RAPTOR FOUNDA TION PAGEII FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MAY 2024 NOTES TO THE FANCIAL STA TBMENTS CHARITABLE ACTivrrIES 2024 2023 Staft costs Depreciation Animal welfare ¢05ts Other costs Premises, costs 149,886 28,556 31,483 13,607 50,306 273,838 15,946 289,784 147,580 27,887 30,022 22,041 28,472 256,002 50,873 306,875 Share of governance costs (see note 7) Analysis by fund URrestiicted funds Restricted funds 288,617 1,167 304,499 2,376 306,875 289,784 SUPPORT COSTS Support Govern8nce costs osts 2024 2024 Support Governance Costs 08ts 2023 2023 Total 2024 Total 2023 Staff costs Depreciation Audit fees Legal and profes8iollal Other costs Premises, costs 3,172 2,445 3,172 2,445 5,952 166 31,609 3,099 31,609 3,099 7,258 489 3,673 4,745 5,952 166 7,258 489 3,673 4,745 4,211 4,211 9,828 6,118 15,946 43,126 7,747 50,873 Governance cost5 includes payments to the Independent Examiner's of £5,952 (2023.. £7,258) for exarnination and accountancy 5ervicgs. FRUSTEES No Ttee received remuneration foi. services a5 a member of the Board oFTrustees (2023.. £Nil) OT r¢ceived any reimbursement for travelling and entertainÉtLg expenses (2023., £Nil), No Trustee rnember bad ally b¢n¢ficial interest in any contract with the charity dwing the year. EMPLOYEES The average monthly number of en]ployees during the year was., 2024 Thb¢r 2023 Nurnbor Managernent Adn)in Other 12 12 14 14 Employment costs 2024 2023 Wages and salaries 185,602 227,392 The total gross wages during the year were £166,956 (2023.. £208,286) and other wages costg were £3,172 (2023: £3,721). Tbe total cp10Yers national insuranc¢ Contributions were £11,703 (2023.. £11,397). The total employers defmed pension contributions were £3,771 (2023,. £3.987). The total remuneration of key management personnel is £36,398 (2023.. £39,254). There were no employ¢¢s wbose aTfftual remuneration was more than £60,000.
THE RAPTOR FOUNDATION PAGE 12 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 IST MA Y 2024 NOTES TO THE FINANCIAL STATEMENTS io. TAXATtON The ¢harity is exempt frorn tax on income and gains falling within section 505 of the Taxes Act 1988 OT section 252 of th¢ TaxatioTh of ChaTg¢able Gains Act 1992 to the extent that the8e are applied to its charitable objects, Leasehold land and Plant and FiKtur¢5 and buildings machinory fLttings Ila. TANGIBLE FIXED ASSETS CURRENT YEAR COST Balance at 1st June 2023 and 31st May 2024 DEPRECIATION At 1st June 2023 Charge for the year Balance at 31 st May 2024 CARRYNG AMOUNT AT 3 1ST 2024 Motor vehicles Total 1,427,783 70,037 42,848 13,458 1,554,126 623,339 28,556 69,842 45 34,548 2.400 13.458 741,187 31,001 772,188 651,895 69,887 36,948 5,900 13,458 775,888 150 781,938 Ilb. TANGIBLE FIXED ASSETS PRIOR YEAR COST Balance at 1st June 2022 Athlitions 1,427,783 69,812 225 42,848 13,458 1.553,901 225 At 31st May 2023 DEPRECIATION At I st June 2022 Cbarge for tbe year Balance at 31st May 2023 CARRYINO AMOUNT AT 3 1ST MAY 2023 1,427,783 70,037 42,848 13,458 1,554,126 594,783 28,556 69,812 30 32.148 2,400 34,548 13,458 710,201 30.986 623,339 69,842 13,458 741,187 812,939 804.444 195 8,300 12. FIXED ASSET INVESTfv]ENTS Ordinary shares Cost or valuation At 1st June 2023 and 3 1st May 2024 Carrying amount At 3 1st May 2024 At 3 1st May 2023 13. STOCKS 2024 2023 Finished goods and goods for resale 150 150 14. DEB'foRS Amounts falling due within one year; Other debtors Prgpayment8 and accrL*d income 2024 2023 560 5.419 1,400 5,183 6,583 5,979 15. LOANS AND OVERDRAFTS 2024 2023 Bank oveTdrafts 10,491 10,491 2,761 2,76 I Payable within one year
THE RAPTOR FOUNDATION PAGE 13 FINANCIAL STATEMENTS FOR THE YEAR EDED 3 1ST MAY 2024 NOTES TO THE FINANCIAL STATEMENTS 16. CREDITORS: AMOUNTS FALLFNG DUE WITHIN ONE YEAR 2024 2023 Note 15 Bank overdTafts Other taxation and social security Trade creditors Amounts owed to subsidiary undertaking5 Other ¢reditors Accrnals and deferred income 10,491 2,414 2,396 183 1,063 26,244 42,791 2,761 4,738 1,688 20,207 1,702 34,007 65,103 Included above is deferred inc0e of £19,071 (2023: £23,093) which r¢pTesents gift vouchers purchased but not redeemed by the end of the financial year. 17, RESTIUCTED FUNDS Balance at 1st June In¢Dming Resourceg 2022 re50urce5 exponded Balance at I st June Illcoming Resources 2023 resowces expended Balance at 31st May 2024 The Friends of the Raptor Foundation 7,933 2,322 (2,376) 7,879 (1,167) 6,712 The specific PPoseS for which the fun(L8 are to be applied are as tollow8'. Restricted funds The fEmds from The Friends of the Raptor Foundation must be used towards vet fees. Unrestricted funds Unrestricted funds can only be used for the charity's activities and cannot be distributed to Trustees or any other paty. 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted Funds Fu]5 2024 2024 Unrestiicted R¢?>tricted Funds Funds 2023 2023 Total 2024 Fund balances at 31st May 2024 are represented by '. Tangible assets Jnvestments Current assetsl(liabilities) 2023 775,226 6,712 781,938 805,060 7,879 812,939 5,889 5,889 (8,753) 796,309 (8,753) 804,188 781,117 6,712 787,829 7,879 19, OPERATING LBASB COMMITMENTS At the reporting end date the charity had outstanding ¢omJnilmgnts for firture minimum lease paiTnents under non-cancellable op¢rating leases, which fall due as follows: 2024 2023 Within one year 13,989 8,976
THE RAPTOR FOUNDATION PAGE 14 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MAY 2024 NOTES TO THE FINANCIAL STATEMENTS 20. RELATED PARTY TRANSACTIONS The charity holds the two ordinary share8 of The Raptor Foundation (UK) Trading Ltd rcpT¢senting the total issued shar¢ capital at the nominal valu¢ of £2. The Raptor Foundation (UK) Trdding Ltd's main aetivity is fidraiSing for the charity and covenants all its profits to the charity, The Raptor Foundation (UK) TraditLg Ltd opeTates from the cl]aritys premises and shares certain facilitÉes, a ontribution of £Nil {2023.' £42,415) was made foT this use. The Raptor Foundation (UK) Tradmg Ltd made distributions for the year to the charity amoutlting to £37,582 (2023.. £15,849). At the year end tbe charity owed £183 (2023., £20207) to The Raptor FOLdation (Utc) Trading Ltd. Post year end events The Raptor Foundation (UK) Trading Ltd's accumulated profits for the year of £11,466 (2023: £37,582) will be distributed to The Raptor Foundation on the date of th¢ir Trustees, rneeting to approve the accounts.