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2021-03-31-accounts

Charity Registration No. 1053861

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Company Registration No. 02908501 (England and Wales)

A.W.L.N. FOALS & HORSES SANCTUARY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

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A.W.L.N. FOALS & HORSES SANCTUARY

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees Mrs L Moir
MissJKnowles
Ms Susan Cocker
Charity number 1053861
Company number 02908501
Principal address Redshell Lane
Off Haslingdon Old Road
Oswaldtwistle
Lancashire
BBS 3RW
Registered office Redshell Lane
Haslingden Old Road
Oswaldtwistle
Lancashire
United Kingdom
BBS 3RW
independent examiner Hulliady
41 Bridgeman Terrace
Wigan
Lancashire
United Kingdom
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A.W.L.N. FOALS & HORSES SANCTUARY

CONTENTS

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Page
Trustees’ report 1-5
independent examiner's report 6
Statement offinancial activities 7
Balance sheet 8-9
Notestothefinancialstatements 10-18

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A.W.L.N. FOALS & HORSES SANCTUARY

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021 cnnOER

The trustees present their report and financial statements for the year ended 31 March 2021.

. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the | financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity's objects are to relieve the suffering of horses, foals and ponies and in particular to provide and maintain a sanctuary for such unwanted animals and treat the sick and ill, as well as providing a good quality of life for our charges. Where.appropriate, we rehome suitable horses and ponies. There has been no change in these objects during the year.

The charitable company was set up in 1994 by Olive Lomas and others with the aims of relieving the suffering of foals, horses, ponies, stallions, brood mares, yearlings and other horses and live-stock of every description, which were in need of care and attention. Since then the sanctuary has continued to provide and maintain facilities for the reception and care of unwanted equines and the treatment of sick or ill-treated equines.

Looking to 2022 and beyond.

The trustees remain mindful of the-need to generate continuous and stable sources of income. We hope to facilitate the recruitment of new trustees with expertise in areas of fund raising and new income generation, accounting and finance, project management of building works and maintenance for the site we currently occupy, equine welfare, human resources, press and public relations and marketing.

Future plans

Our vision is to become more community-focused by engaging with the general public. Although a great deal of work has been done to improve the land and buildings used by the charity, much remains to be done and in particular we will be concentrating on improving the facilities at the house/offices to make them safe and comfortable for staff and visitors. We plan to have a new isolation unit built to separate new animals on intake to ensure we minimise the passing on of potential infection. We plan to a build a new field shelter for our animals.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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A.W.L.N. FOALS & HORSES SANCTUARY TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

At present the charity provides care for approximately 52 horses, 2 donkeys and 2 goats at its 22-acre site in Oswaldtwistle. Many were rescued from slaughter for meat and have been with us for a decade or more. They came to us with severe trauma or ill-health, such that for them re-homing was not an option. Consequently, we have evolved a specialism in the care and well-being of predominantly elderly, sick, neglected, abused or vulnerable equines. New cases are accepted on the basis of most dire need or danger, and are usually referred by third parties. Where possible, we seek to loan or re-home younger equines (under 20 years) who are fit enough to enjoy the role of special companion to other equines. Re-homing is subject to a strict vetting procedure and regular supervision. We are privileged to provide a comfortable retirement for our horses in refuge, to administer, under veterinary guidance, appropriate care and medication regimes where necessary and to see our equines at peace in an environment where public visiting is encouraged while at the same time carefully managed and supervised.

in the year to 31 March 2021, the charity was severely affected by the Covid-19 pandemic. The sanctuary and its charity shop were closed to the public and most volunteers, so our fundraising efforts were largely put on hold. However, we were very fortunate to receive a major legacy, for which we are very grateful. This enabled the trustees to arrange for much-needed improvement work to be carried out to the sanctuary. This included having the whole of the stable buildings re-wired, the roof made safe and waterproof, together with work to improve the front of the sanctuary, including the provision of better car-parking, improved surfaces between the sanctuary and the fields, re-fencing work and work to treat the land for weeds to ensure the safety of our animals during the summer.

We encourage volunteers of all ages and from all walks of life to join us and help rnove the Charity forward. Volunteers are under the supervision of Management and any issues are reported to the Board on a monthly basis.

Achievements and performance

Financial review

In 2020, the charity had struggled to maintain a good level of income to cover its extensive outgoings and the trustees were concerned about the levels of reserves to give the charity a degree of financial stability.

However, in 2021, the charity was. the recipient of a legacy of £314,000 together with other generous legacies and donations and at the end of 31 March 2021, the trustees are much more positive about a sustainable future for the charity.

It is the policy of the charity that urirestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves. at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. At the end of this financial year, the charity has sufficient reserves to meet this policy.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The company is registered as a charitable company limited by guarantee and is constituted under a Memorandum of Association dated 15 March 1994 as amended by special resolution dated 19 October 1995.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mrs L Moir MissJ Knowles Ms Susan Cocker Mr Matcolm Williams (Resigned 16 September 2020)

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| We regard the training of our trustees as compulsory. Comprehensive training is routinely provided by Hyndburn and | Ribble Valley CVS.

A.W.L.N. FOALS & HORSES SANCTUARY

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

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Referral and word of mouth recruitment is preferred, We seek key skills in each trustee, so that the overall competency of the board is improved and maintained.

Our constitution requires a minimum of three trustees, each serving a maximum three-year term, and one to act as Chairman. Trustees are proposed, and elected, by the membership and appointed at the annual genera! meeting.

Our equine sanctuary is based in Oswaldtwistle, Lancashire, and we currently maintain grazing for a diminishing number of elderly ponies in Scotland.

Our operational trading name is Only Foals and Horses Sanctuary. The organisation was previously known as Animal Welfare Liaison Network.

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A.W.L.N. FOALS & HORSES SANCTUARY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The accounts are prepared off-site by a reputable and long-established firm of accountants.

The trustees are aware of their duty to ensure that employees who hold key management positions, Office Manager/ Co-ordinator and Animal Welfare/Yard Manager, are fully competent to assess risks in their specific areas of responsibility.

Four key goals for the current administration are:

a) To develop sustainable funding for the future

b}) Minimise reliance on legacies

c) Raise wider awareness of the Charity and its aims

d) Widen our trustee and volunteer skills base.

The trustees have set up a reserve account and are working towards achieving a dedicated "emergency" amount enough to cover 6 months costs. Generation of alternative income is a top priority. We have concentrated on raising awareness of our charity and its aims, through outreach to traditional media, and with the selection and engagement of professional partners in web-site developments and bidding for funds, and pro bono professional supp ort in marketing. The trustees, together with funding partners, will look at ways in which the charity can benefit the community and engage with community-orientated initiatives, in order to access new funding sources.

Structure and Governance

None of the trustees, nor the Chairman, receive any salary or financial remuneration for their work and involvement on behalf of Only Foals and Horses. Nor do they claim expenses for mileage to and from the Sanctuary.

The Board audits the combined skill set of its trustees to achieve optimum competency, and also to identify skill deficiencies in relation to a specific goal. Where necessary, outside consultants are engaged to give expert guidance, Their assistance is sought on a voluntary or costed basis, wherever and whenever possible.

As an organisation we are committed to continuous improvement in line with the standards of good governance expected by the Charity Commission. Changes in legislation and regulations will be monitored, and our policies and procedures will be assessed and reviewed to ensure that Only Foals and Horses Sanctuary is operating within the legal framework. The board as a whole has responsibility for ensuring that policies and procedures are in line with legislation and regulations changes.

Other matters

One of the key asséts of Only Foals and Horses Sanctuary is the inspirational story of its founder, the late Olive Lomas. She was particularly successful at attracting legacies and the trustees hope to continue to build on her legacy.

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A.W.L.N. FOALS & HORSES SANCTUARY

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 _ ito

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The trustees’ report was approved by the Board of Trustees.

Mrs L Moir

Trustee Dated: 23 November 2021

Miss J Knowles Trustee Dated:23 November 2021

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: Responsibilities and basis of report | As the trustees of the charity (and also its directors for the purposes of Company law) you are responsible for the : preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 | Act). |

A.W.L.N. FOALS & HORSES SANCTUARY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF A.W.L.N. FOALS & HORSES SANCTUARY

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| report to the trustees on my examination of the financial statements of AW.L.N. Foals & Horses Sanctuary (the charity} for the year ended 31 March 2021.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under sectian 145 of the Charities Act 2011 (the 2011 Act}. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act.

independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the ICAEW, which is one of the listed bodies.

i have completed my examination. i confirm that no matters have come to my attention in connection with the

examination giving me cause to believe that in any material respect:

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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 financial statements to be reached.

Clare Jady FCA

Hullady

Chartered Accountant 41 Bridgeman Terrace Wigan Lancashire WN14 1TT

United Kingdom

Dated: 23 Novernber 2021

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A.W.L.N. FOALS & HORSES SANCTUARY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

ee NSE TEESE NNO nO nENEEN UE
Unrestricted Unrestricted
funds funds
2021 2020
Notes £ £
Income from:
Donations and legacies 3 443,459 153,530
Othertradingactivities
Investments		 4
5		 11,987
ait		 37,642
2,916
Totalincome 455,557 194,088
Expenditure on:
Charitable activities		 6 215,455 154,239
Net income forthe year/
Netmovement infunds 240,102 39,849
Fund balances at 1 April 2020 99,275 59,425
Fundbalancesat31March2021 339,377 99,274

the statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

the statement of financial activities also complies with the réquirements for an income and expenditure account under the Companies Act 2006.

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A.W.L.N. FOALS & HORSES SANCTUARY

BALANCE SHEET

AS AT 31 MARCH 2021

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2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 10 203,708 204,421
Current assets
Stocks 11 250 250
Cash at bankand in hand 302,789 67,242
303,039 67,492
Creditors: amounts fallingduewithin one
year		 13 (37,370) (42,639)
Netcurrent assets 265,669 24,853
Totalassetslesscurrent liabilities 469,377 229,274
Creditors: amounts falling due aftermore
thanoneyear		 14 {130,000) (130,000)
Net assets 339,377 99,274
Income funds
Unrestricted funds 339,377 99,274
339,377 99,274

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A.W.L.N. FOALS & HORSES SANCTUARY

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2021

ite tem The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 23 November 2021

Mrs L Moir MissJ Knowles Trustee Trustee

Company Registration No. 02908501

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1.2. Going concern 7 At the time of approving thé financial statements, the trustees have a reasonable expectation that the charity has 7 adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to | adopt the going concern basis of accounting in preparing the financial statements,

A.W.L.N. FOALS & HORSES SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

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Charity information

A.W.L.N, Foals & Horses Sanctuary is a private company limited by guarantee incorporated in England and Wales. The registered office is Redshell Lane, Haslingden Old Road, Oswaldtwistle, Lancashire, BBS 3RW, United Kingdom.

The financial statements have béen prepared in accordance with the charity's [governing document], the Companies Act 2006 and “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)". The charity isa Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are.set out below.

Unrestricted funds are available for use at the discreticn of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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A.W.L.N. FOALS & HORSES SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

terr a 1 Accounting policies (Continued)

Depreciation is recognised so as to write off the cost or valuation af assets less their residual values over their useful fives on the following bases:

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||||||| |---|---|---|---|---|---| |Freehold|land|and|buildings|No|Depreciation| |Leasehold|improvements|10%|on|cost| |Plant and|equipment|25% on|Reducing|balance| |Fixtures|and|fittings|25% on|Reducing|balance| |Motor vehicles|20% on|Reducing|balance|

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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any}.

1.8 Stocks Stocks aré stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

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| | ne | 1 Accounting policies (Continued) ;

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A.W.L.N. FOALS & HORSES SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less, If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition offinancial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received,

Termination benefits aré recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11. Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongaing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods,

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A.W.L.N. FOALS & HORSES SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

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3
Donations and legacies		 3
Donations and legacies		 3
Donations and legacies		 3
Donations and legacies
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Donations and gifts 71,324 25,544
Legacies receivable 347,135 108,006
Grants 25,000 19,980
443,459 153,530
4 Other trading activities
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Shop income 11,987 37,642
5 Investments
Unrestricted Unrestricted
funds funds
2021 2020
£ £
interestreceivable 111 2,916

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A.W.L.N. FOALS & HORSES SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

nnISTEP SETERNTOTTSDOOR SDS En EERE nrr EEE

6 Charitable activities

Charitable Charitable
Expenditure Expenditure
2021 2020
7
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Staffcosts
73,210
69,529
Depreciation and impairment 714 1,092
Feed/Hay/Haylage/Straw 30,663 27,332
Vets/Healthcare/Farrier/Removal 21,928 20,502
Waste Disposal 1,800 1,284
Light& Heat 5,805 1,111
Advertising& Stationary 1,155 1,893
Sundry 2,696 2,185
Repairs& Renewals 61,982 13,566
Bank Charges 170 72
Telephone 499 761
PayPal Fees - 83
Other charitable expenditure 10,385 9,052
211,007 148,462
Sharé ofsupport costs (see note 7) 2,589 1,829
Share ofgovernance costs (see note 7} 1,859 3,948
215,455 154,239
7 Support costs
Supportcosts Governance 2021 Support costs Governance 2020
costs costs
£ £ £ £ £ £
interest Payable 325 - 325 325 - 325
Insurance 2,264 - 2,264 1,504 - 1,504
Legal and professional - 1,859 1,859 : 3,948 3,948
2,589 1,859 4,448 1,829 3,948 5,777
Analysed between
Charitableactivities ; 2,589 1,859 4,448 1,829 3,948 5,777

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A.W.L.N. FOALS & HORSES SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

g Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
Staffengaged in care ofanimals 7 8
Employmentcosts 2021 2020
£ £
Wagesand salaries 71,507 68,156
Other pension costs 1,703 1,373
73,210 69,529

There were no employees whose annual remuneration was £60,000 or more.

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A.W.L.N. FOALS & HORSES SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

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|||||||||| |---|---|---|---|---|---|---|---|---| |11.|Stocks| |2021|2020| |£|£| |Raw|materials|and|consumables|250|250| |12|~~ Loans|and|overdrafts| |2021|2020| |£|£| |Other|loans|130,000|130,000| |Payable|after one year|130,000|130,000| |Amounts|included|above|which|fall|due|after|five|years:| |Payable|other than|by|instalments|{130,000}|130,000|

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The long-term loans are secured by fixed charges over the land at Redshell Lane

in July 2001, the Charity was lent the sum of £130,000 by Mr G Quinton, a supporter of the charity, in order to assist it to purchase the land at Redshell Lane from which the Charity operates. The terms of the loan are that no repayment is required providing interest is payable twice-yearly to Mr Quinton's wife at a rate equal to the base-rate published by Lloyds TSB Bank plc. Mr Quinton has a legal charge over the property which would be invoked in the event of various conditions being breached including that concerning the prompt payment of interest, as wellas the care of the land at Redshell Lane.

  1. «Creditors: amounts falling due within one year

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||||||| |---|---|---|---|---|---| |2071|2020| |£|£| |Other taxation|and|social|security|36,050|35,655| |Trade|creditors|-|6,036| |Accruals and|deferred|income|4,320|948| |37,370|42,639| |14|Creditors:|amounts|falling due|after more than|one year| |2021|2020| |£|£| |Borrowings|130,000|130,000|

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A.W.L.N. FOALS & HORSES SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

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1S Related party transactions

There were no disclosable related party transactions during the year (2020 - none).