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2021-10-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2021

FEN BANK GREYHOUND SANCTUARY

CHARITY REG. No: 1072443

Page 2 Legal and Administrative Information Pages 3 to 6 Trustees' Report Page 7 Treasurer's Report Page 8 Statement of Financial Activities Page 9 Balance Sheet Pages 10 to 15 Notes to the Financial Statements Page 16 Independent Examiner's Report to the Trustees

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

1

FEN BANK GREYHOUND SANCTUARY

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1072443

START OF FINANCIAL YEAR 1st November 2020

END OF FINANCIAL YEAR

31st October 2021

TRUSTEES AT 31ST OCTOBER 2021 Mrs Stella Pullum (Chair of Trustees) Mr Paul Bryan Mr Graham Crick Mr Graham Fountain Mrs Elizabeth Reid Mr Ian Breacher

The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.

LEGAL STATUS Unincorporated

GOVERNING INSTRUMENT Declaration of Trust deed adopted 8th October 1998

OBJECTS The relief of greyhounds who have been abandoned and who are in need of care and attention and to place them in such permanent homes as the trustees consider appropriate.

CORRESPONDENCE ADDRESS Farm House Fen Bank Friskney, Boston Lincolnshire, PE22 8PS

PRIMARY BANKERS

HSBC 49 Lumley Road Skegness Lincolnshire PE25 3LW

INDEPENDENT EXAMINER

P B Robinson MAAT FCIE Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

2

FEN BANK GREYHOUND SANCTUARY

TRUSTEES REPORT FOR THE YEAR ENDED 31ST OCTOBER 2021

Fen Bank Greyhound Sanctuary has managed to continue its successful homing rate in 2020/2021 despite the Coved pandemic restrictions continuing throughout this year.

This achievement was accomplished because of the continued long term involvement by volunteers, a dedicated Board of Trustees, and committed kennel staff.

We continue to seek more opportunities to raise our profile, and there has been good local support during this year.

STRUCTURE AND GOVERNANCE

The Charity is governed by the Trust Deed (1998).

The structure of the Charity consists of a Board of Trustees, legally responsible for all aspects of the Charity’s work, and for ensuring that the Charity’s property is safely maintained. A volunteer administrator assisted in the day to day recording of decisions and assisted post holding Trustees in their work. However, this role has temperately been taken over by one of the trustees.

The board has six Trustees: Mrs Stella C Pullum, Mr Paul Bryan, Mr Graham Crick, Mrs Elizabeth Reid, Mr Ian Breacher and Mr Graham Fountain.

ORGANISATIONAL MANAGEMENT

The Chair of Trustees is responsible for all the activities of the Sanctuary with emphasis on responsibility for the staff and the running of the kennels

One Trustee is designated as responsible for the vice-chair, public relations and sanctuary house.

One Trustee is designated as responsible for Chair/Kennel Trustee.

One Trustee is designated fund raising.

One Trustee is designated assisting Treasurer

One Trustee is designated as responsible for the two Charity shops

One Trustee is designated Charity web page and Board Secretary

CONTROLS IN PLACE

3

FEN BANK GREYHOUND SANCTUARY

TRUSTEES REPORT (Continued) FOR THE YEAR ENDED 31ST OCTOBER 2021

CHARITABLE OBJECTS

The Charity’s objects as set out in the Trust Deed are “ the relief of Greyhounds who have been abandoned and who are in need of care and attention, and to place them in such permanent homes as the Trustees deem appropriate” The object clause is to be reviewed again this year with a view to expansion of the charitable objectives.

AIMS AND IMPACT

Within the Objects the Charity seeks to provide the best possible service to the community, both in standards of kennelling and in supporting prospective owners and their greyhounds before and after they are placed in their new homes. The Charity also seeks to inform and educate the public and involve the local community in its work. The charity has positive relationships with the media and the respect of fellow professionals in the field. The Charity is nationally recognised for its standards of excellence; it is a member of ADCH (Association of Dog and Cat Homes).

OBJECTIVES FOR THE YEAR

Continue to be largely the same as the last year

STRATEGIES TO ACHIEVE THE YEAR’S OBJECTIVES

The volunteer base continues to be expanded and local as well as national volunteers have been encouraged to take an active part in raising awareness of the Charity’s work. A list of reliable and experienced owners has been drawn up who are willing to do home checks and follow ups in their local area. All suitable new volunteers are in the process of being trained and guided by the kennel manager and will continue to gain experience by working along side those who have been previously trained. Administrative and working practices continued to be reviewed and procedures updated as a result.

PRINCIPAL ACTIVITIES OF THE YEAR

The sanctuary re-homed 25 dogs from November 2020 to October 2021, a number of whom went with other breeds, cats and small mammals. 4 dogs were returned due to death in families and owners taken into care but all were re homed within 4 weeks. The Charity’s vetting procedures are extremely stringent and it is a condition of re-homing that dogs which prove to be unwanted for whatever reason, must be returned to Fen Bank.

The Sanctuary has continued to operate a one out, one in policy for all of this year and it has sometimes only been a matter of hours from a dog going out to the next one coming in. There is a waiting list in operation at all times. Referrals continue to be made by the Police, RSPCA, Dog Wardens, Owners and Trainers. Priority is always given to the dog in most need. A number of the strays taken in have proved impossible to trace to an original owner. The Charity shops continue to provide a focus of interest in the wider community plus we had a number of dogs that have been re homed to their customers. The shops also provide a much needed income to the work of the Charity and although still slightly reduced continues to improve.

VOLUNTEERS

We estimate that over the year, volunteers would have provided approximately two thirds of our manpower. The Trustees and the Board would like to acknowledge publicly and gratefully the devotion and service given to the dogs by hands on carers, fundraisers, drivers, shop assistants, advisors, and other professional volunteers. We would be lost without you!

4

FEN BANK GREYHOUND SANCTUARY

TRUSTEES REPORT (Continued) FOR THE YEAR ENDED 31ST OCTOBER 2021

REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

Despite issues caused by the pandemic work continued to maintain and improve the Sanctuary. To this end a new entrance facility was opened. The original wooden hut was replaced by a modern timber building placed on a new concrete floor. The outward facing wall was painted in the traditional Fen Bank colour of green whilst the wall facing into the Sanctuary was painted in a candy stripe design to emulate a sea side scene. The structure was dedicated to two of our colleagues who sadly passed away the previous year.

As well as an enhanced entrance the exterior of the Brindle kennel block needed re cladding in high grade insulated sheeting. The commencement of work should be in the new year. This not only ensures that the kennel stays warm throughout inclement weather but will also help to reduce the heating costs.

Externally the front garden has had an extensive make over thanks to the effort of a volunteer and has much improved the “kerb appeal” of the car park and, added to this, the new entrance building gives a very welcoming ambiance for our visitors.

We have been fortunate that volunteers and our hard working staff have stayed loyal to the Sanctuary during what has been a very difficult twelve months. This has ensured that our Greyhounds continued to receive the highest level of care and compassion they rightly deserve.

FUNDRAISING

This has been greatly reduced this year as there has only been a few shows or meets & greets/car boots but none since March. This also includes the requested talks.

The two Charity shops are the main focus of interest and the raising of funds while we were allowed to be open. Our fundraising venture of the 50/50 club continues successfully raising £165 per month. Our new scheme of 'Give a car' is slowly increasing.

FINANCIAL ACTIVITIES

Standing orders are still a mainstay of our income and alongside the income from the Charity shops and the income from the fundraising we reached year’s end positively.

RESERVES POLICY

The Charity continues to aim for 6 months running costs, the CCLA COIF account together with a bank deposit account provide an economic cushion.

5

FEN BANK GREYHOUND SAvcfuARY TRUSTEES REPORT (Contlnued) FOR THE YEAR ENDED 31sr ocroBER 2021 TRUSTEES RESPONSIBILrriES The Charttles Art 2011 require the trustees to prepare flnandal statements for each flnandal year whlch give a trwe and fair view of the state of affairs of the trust and of the surplus of the tNst for that period. In preparfng those flnanclal ststements the trustees are requlre(I to: Selert sultsble attountln9 pollcles and apply thern conslstentty Make Judgements and estimates that are ￿8$Onable and prudent Prepare flnandal statements on the golng concern basis unless tt Is inappropriate to presume that the trust will continue In exlstence. The trustees are responslble fw keeplng proper accountlng records, whlth dlsclose wlth reasonable accuracy at any tlme the flnanual posltlon of the trust. They are also responslble for safe9uarding the assets ol the trust and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Srregularftles. Slgned on behalf of the Trustees ... Mrs Stella C Pullum. Chalr of Trustees Date: S*,4 /-pA J6 A2

FEN BANK GREYHOUND SANCTUARY

TREASURER'S REPORT FOR THE YEAR ENDED 31ST OCTOBER 2021

Again 2020 -21 has not been an easy year for the Sanctuary, as the world continued to try to come to terms with the coronavirus pandemic. In December a national lockdown meant that both our shops had to close their doors for 3 months and the kennels had to close to the public. Both our Christmas Fayre in December and our annual dog show in May had to be cancelled. Again, all local village shows were cancelled and so there was very little opportunity for fund raising. Fortunately, income lost from the shop closures was just about made up by the Government grants and the managers salaries were covered under the Government’s furlough scheme. As restrictions eased, we were able to organise a dog show in September. This had to be at a new venue because the hostelry we used in the past has decided not to reopen following the coronavirus lockdowns. Many thanks to the landlord and landlady of our previous venue for all the generous help they have given in the past. As the year ends we are eagerly looking forward to being able to hold a Christmas Fayre in early December.

Takings at the shops have reduced when compared to pre-covid levels but are gradually impoving as public confidence returns now that vaccinations are available, although caution and social distancing is still advised. Once again thanks are due to our two managers and their respective teams of volunteers for continuing in circumstances which have not been easy.

We continue to claim back most of the VAT we pay because we are a registered business, and claimed over £5,875 in Gift Aid. This figure related to the tax year ending 5 April 2021 and was boosted by donations made in April 2020 under our coronavirus appeal. The 50-50 club our monthly lottery, continues to produce around £150 per month towards the Sanctuary’s funds.

Income from collection boxes and fundraising was substantially down at only around £2,200 due to the effect of the lockdown and the cancellation of events.

Furlough Pay and further Government grants for the effect of the pandemic meant that both income and general expenditure were both very close to the figures for last year.

At the beginning of the year the replacement of the wooden entrance building to the kennels was completed with a capital expenditure of £3,500.

The charity continues to operate three bank accounts, all of which were free during the year, but HSBC Bank have notified us that they are closing their charity accounts and our account with them will incur costs from the start of 2021-22 year.

No money has been transferred to or from the COIF account during the year.

Again, the treasurer would like to thank the trustees for their support and confidence throughout the year.

The accounts presented here will again be audited by the Independent Examiners.

Subject to the above audit, I commend this report to the Trustees of Fen Bank Greyhound Sanctuary for acceptance.

John L Forrest Treasurer

7

FEN BANK GREYHOUND SANCTUARY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2021

Notes
INCOMING AND ENDOWMENTS FROM:
Donations and Legacies
3a
Trading Activities
3b
Investments
3c
Charitable Activities
3d
Other Income
3e
TOTAL INCOME
EXPENDITURE ON:
Raising Funds
4a
Charitable Activities
4b
Other Expenditure
4c
TOTAL EXPENDITURE
NET INCOME/ EXPENDITURE
Transfer Between Funds
5
Revaluation
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 UnrestrictedDesignated
TOTAL
TOTAL
Funds
Funds
2020/21
2019/20
£
£
£
£
61,112
6,500
67,612
66,622
73,553
0
73,553
68,302
55
12
67
925
4,475
0
4,475
4,578
4,382
0
4,382
12,591
143,577
6,512
150,089
153,018
40,021
0
40,021
40,234
96,394
8,010
104,404
101,623
443
0
443
729
136,858
8,010
144,868
142,586
6,719
-1,498
5,221
10,432
-5,000
5,000
0
0
0
0
0
0
268,649
195,514
464,163
453,731
270,368
199,016
469,384
464,163

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 10 to 15 form part of these financial statements.

8

FEN BANK GREYHOUND SANLTUARY BALANCE SHEEr AS AT 31ST ocfoBER 2021 31￿￿ Unrestdcted Designated 2021 Funds Funds Tot•1 31-Oct 2020 Total Notes Flxed A*•ts Tangible assets 196.223 46,860 243,083 250,289 Current Au•ts Debtors Cash at bank and in hand 1,709 75.165 152,156 227,321 213,065 Totsl Current Amets 75165 152156 227321 214774 Credltors: amounts falllng due wlthln one year 1,020 1,020 900 NET CURRENT ASSETS 74,145 152,156 226,301 213,874 NET ASSETS 464, Fund• of the Ch•rlty General Funds 270,368 199.016 469,364 464.163 Totsl Funds 270,368 199,0 469,384 464, Slgne(i on behalf of the Trustees ......................... ....... .............. Mrs Stella C Pullum, Chalr of Trustees Date:

FEN BANK GREYHOUND SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2021

1. ACCOUNTING POLICIES

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the trustees are virtually certain they will receive the resources; and

▪ the monetary value can be measured with sufficient reliability

Incoming Resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA during the same period as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report

Investment Income

This is included in the accounts when receivable.

Investment gains and losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Expenditure and liabilities

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.

10

FEN BANK GREYHOUND SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2021

1. ACCOUNTING POLICIES (Continued) Expenditure and liabilities

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Changes in Accounting policies and previous accounts

There has been no change to the accounting policies (variation rules and methods of accounting) other than the depreciation policy* since last year, and no changes to the previous accounts.

Assets

Tangible fixed assets for use by the charity

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives. The rates applied per annum are as follows:

Fixtures and Fittings 10% Kennel Block and Treatment Room 2.5%
Motor Vehicles 25% New Kennel Block (built 2014-15) 5.0%

No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost.

Basis of preparation

The financial statements are prepared on the historical cost basis convention (as modified to include the revaluation of investments) in accordance with the Charities Act 2011, "Accounting and Reporting by Charities" (SORP 2015), applicable accounting standards and the Companies Act 2006. The accounts have been prepared on a going concern basis. The charity meets the definition of a public benefit entity under FRS 102. The Charity has claimed exemptions available in Section 1a of FRS 102 not to prepare a cash flow statement since it is a small charity.

2. TANGIBLE FIXED ASSETS Designated Unrestricted Unrestricted
Building
Vehicle
Fund
Fund		 Freehold
Property		 Kennel
Block &
Treatment
Room		 Fixtures &
Fittings		 Total
Cost 31-Oct-20 £
£
58,245
20,390		 £
160,952		 £
39,099		 £
15,023		 £
293,709
Disposals 0
0		 0 0 0 0
Additions 0
0		 0 0 3,510 3,510
Cost at 31-Oct-21 58,245
20,390		 160,952 39,099 18,533 297,219
Depreciation 31-Oct-20 18,668
5,097		 0 10,519 9,136 43,420
Disposals 0
0		 0 0 0 0
Charge 2,912
5,098		 0 977 1,729 10,716
Depreciation at 31-Oct-21 21,580
10,195		 0 11,496 10,865 54,136
Net Book Value 31-Oct-21 36,665
10,195		 160,952 27,603 7,668 243,083
Net Book Value 31-Oct-20 39,577
15,293		 160,952 28,580 5,887 250,289

11

FEN BANK GREYHOUND SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2021

3. INCOME AND ENDOWMENTS FROM:

Notes
a) Donations and Legacies
Adoption Donations
Trainer Donations
General Donations
Grants and Legacies
Gift Aid Refund
b) Trading Activities
Shop Income Alford
Shop Income Spilsby
Merchandise
Flat Rental Income
Flat Utilities
Fundraising
Collection Boxes
Sponsor Dog
Solar PV Fit
Profit from Ebay Trading
c) Investments
Bank Interest
5
d) Charitable Activities
Pet Plan Commission/ Re-homing
50-50 Club
Weather Lottery
e) Other Income
Refunds
Transfer Charge
Miscellaneous
Profit on Sale of Van		 UnrestrictedDesignated
TOTAL
TOTAL
Funds
Funds
2020/21
2019/20
£
£
£
£
3,244
3,244
3,422
2,400
2,400
2,700
24,873
1,500
26,373
36,379
24,672
5,000
29,672
20,000
5,923
5,923
4,121
61,112
6,500
67,612
66,622
32,660
32,660
29,167
27,429
27,429
26,094
4,393
4,393
2,995
4,200
4,200
3,587
1,197
1,197
735
663
663
2,401
1,527
1,527
1,987
530
530
680
695
695
786
259
259
-130
73,553
0
73,553
68,302
55
12
67
925
55
12
67
925
562
562
663
3,740
3,740
3,731
173
173
184
4,475
0
4,475
4,578
2,728
2,728
4,289
500
500
580
1,154
1,154
1,023
0
6,699
4,382
0
4,382
12,591

12

FEN BANK GREYHOUND SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2021

4. EXPENDITURE ON:

Notes
a) Raising Funds
Advertising/ Fundraising (Indirect Expenses)
Merchandise
Banking Fees
Shops Expenditure
Staff Costs
9
Rates
Rent
Maintenance
Miscellaneous
Utilities
b) Charitable Activities
Direct Expenses:
Vet Expenses
Dog Beddings
Dog Equipment
Dog Food
Dog Medical Supplies
Kennel Equipment
Kennel Miscellaneous
Kennel Maintenance
Kennel Cesspit Maintenance
Indirect Expenses:
Council Tax
Kennel
Staff Costs
9
Vehicle Costs
Fuel
Office Services
Petty Cash
Maintenance and Renewals
Photocopier
Refuse Collection
Subscriptions
Utilities
Work Clothing
Insurance
Professional Fees
Depreciation
5		 UnrestrictedDesignated
TOTAL
TOTAL
Funds
Funds
2020/21
2019/20
£
£
£
£
1,930
1,930
1,863
2,194
2,194
3,583
79
79
166
17,112
17,112
17,529
136
136
243
13,800
13,800
11,200
65
65
585
2,636
2,636
2,140
2,069
2,069
2,925
40,021
0
40,021
40,234
5,288
5,288
3,101
0
267
0
20
1,836
1,836
2,005
178
178
332
1,044
1,044
110
1,633
1,633
1,953
515
515
1,104
552
552
533
920
920
851
65,936
65,936
64,287
783
783
767
727
727
828
4,526
4,526
4,757
575
575
559
436
436
504
703
703
655
227
227
238
586
586
586
4,741
4,741
5,454
71
71
72
1,391
1,391
1,372
1,020
1,020
900
2,706
8,010
10,716
10,368
96,394
8,010
104,404
101,623

c) Other Expenditure

Miscellaneous

443 0 443 729

13

FEN BANK GREYHOUND SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2021

5. DESIGNATED AND RESTRICTED FUNDS

Designated Funds
Building Fund
Emergency Reserve Fund
Vehicle Fund		 Balance
Revenue
Transfers
Balance
31-Oct
Income
Expend-
Between
31-Oct
2020
iture
Funds
2021
£
£
£
£
£
71,305
6,500
-2,912
-598
74,295
101,319
12
0
0
101,331
22,890
0
-5,098
5,598
23,390
195,514
6,512
-8,010
5,000
199,016

A designated Building Fund was set up to assist in grant funding for the new kennel block, which is now completed. The block has an estimated life of 25 years and in the accounts is shown depreciated at 5%. The depreciation of £2,912 is include in the transfer shown above from unrestricted funds in the table above, to allow the end of year balance to represent the total of capital expenditure on the building to date (£58,245), and the cash balance remaining (£13,060). Similarly there is a designated Vehicle Fund for the purpose of replacing the old van. The new van has an estimated life of 4 years and again depreciation of £5,098 is shown transferred from unrestricted funds - plus the capital cost of the new van at £20,390 to allow the end of year balance to represent the capital expenditure of the van (£20,390), and the cash balance remaining (£3,000). The balance of the COIF account has been designated to be the Emergency Reserve Fund. The Charity has no restricted funds at present.

6. CASH AT BANK AND IN HAND Total
Total
HSBC UnrestrictedDesignated
31-Oct
31-Oct
Fund
Fund
2021
2020
£
£
£
£
10,939
0
10,939
5,258
Nationwide 1,065
0
1,065
716
Nationwide Deposit 40,918
50,825
91,743
86,690
Barclays 9,841
0
9,841
6,940
HSBC Deposit 12,013
0
12,013
12,012
COIF 0
101,331
101,331
101,319
Paypal 389
0
389
130
Cash 0
0
0
0
75,165
152,156
227,321
213,065
7. DEBTORS AND PREPAYMENTS
PAYE Refund due 0
0
0
1,709
8.
CREDITORS		 ACCRUALS AND DEFERRED
INCOME: AMOUNTS FALLING DUE WITHIN ONE
YEAR
Independent Examiners Fees 1,020
0
1,020
900

14

FEN BANK GREYHOUND SANCTUARY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2021

9. STAFF COSTS AND NUMBERS
Gross Wages and Salaries
Social Security Costs
Pension		 Total
Total
31-Oct
31-Oct
2021
2020
£
£
76,771
73,895
3,412
5,230
2,865
2,693
83,048
81,818

No employees received emoluments in excess of £60,000. Staff are paid through the PAYE system.

Employees who were engaged in each of the following activities:

Activities in furtherance of organisation's objects 2021/20
2019/20
TOTAL
TOTAL
6
8
6
8

The Charity on average employs 3 full time staff including a kennel manager and shop managers, and 6 part-time staff, all who are involved with the welfare of the greyhounds.

10. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

11. RISK ASSESSMENT

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

12. RESERVES POLICY

The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

13. PUBLIC BENEFIT

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

14. ANNUAL COMMITMENTS UNDER NON-CANCELLING OPERATING LEASES AND CAPITAL COMMITMENTS

The annual commitments under non-cancelling operating leases and capital commitments are as 31st October 2021 : None (31st October 2020 : None)

15

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Fen Bank Greyhound Sanctuary on the accounts for the year ended 31st October 2019 set out on pages 8 to 15.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required this year under section 144 of the Charities Act 2011 (the Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

  2. proper accounting records are kept (in accordance with section 130 of the Act); and

  3. accounts are prepared which agree with the accounting records and comply with the accounting

  4. requirements of the Act; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

P B Robinson MAAT FCIE Independent Examiners Ltd Sovereign Centre Poplars Yapton Lane W. Sussex BN18 0AS

Date: 4th February 2022

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