**CHARITY NO. 1076645 COMPANY NO. 3714183** ## **WALES APE AND MONKEY SANCTUARY LIMITED** ## **COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL** **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] APRIL 2021** ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **CONTENTS** ||**PAGE**| |---|---| |Directors and Professional Advisers|1| |Report of the Directors|2 –8| |Statement of Directors' Responsibilities|9| |Independent Accountant's Report|10| |Income and Expenditure Account|11| |Statement of Financial Activities|12| |Balance Sheet|13 - 14| |Notes to the financial statements|15 – 23| |Detailed Income and Expenditure Account|24| ## **WALES APE & MONKEY SANCTUARY LIMITED DIRECTORS AND PROFESSIONAL ADVISERS** **DIRECTORS** Mr G Garen Mrs J A Garen **SECRETARY** Mrs J A Garen **REGISTERED OFFICE** Cefn yr Erw Caehopkin Road Abercrave Swansea SA9 1UD **REPORTING ACCOUNTANT** S Roberts, MAAT 7 Sunnybank Brecon LD3 7RW **BANKERS** Lloyds TSB Bank Plc High Street Gorseinon Swansea 1. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **REPORT OF THE DIRECTORS** ## **FOR THE PERIOD ENDED 30[th] APRIL 2021** The Directors have pleasure in presenting their annual report together with financial statements for the year ended 30[th] April 2021. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The organisation is a charitable company limited by guarantee, incorporated on the 16[th] of February 1999 and registered as a charity on the 19[th] of July 1999. The liability of the members is limited to £1 per member. The company was established under a Memorandum of Association which established the objects and powers of the charitable company, and is governed under its Articles of Association and its constitution registered under the Charities Act. The organisation is restricted to carrying out activities within its charitable objects. The company is managed by its board of directors and the rules regarding their appointment, re-appointment and removal are retained in the Articles to which reference should be made. ## **RECRUITMENT AND APPOINTMENT OF DIRECTORS** The directors of the company are also charity trustees for the purpose of charity law. The rules regarding the number of directors and their appointment, re-appointment and removal are contained in the Articles of Association to which reference should be made. ## **RISK MANAGEMENT** The directors actively review the major risks which the charity faces on a regular basis and believe that securing on-going funding to enable the objectives to be met, will provide sufficient resources in the event of adverse conditions. ## **OBEJECTIVES AND PRINCIPAL ACTIVITIES** The charity's objectives and principal activities are the rescue of endangered primates and the provision of a sanctuary for their continuing upkeep and care. 2. ## **Achievement and Performance Report 2020 – 2021** As this year draws to a close Wales Ape and Monkey Sanctuary is facing another unique and uncertain future, like everyone else affected by this global pandemic. As this year draws to a close it is almost incredible that our Sanctuary has survived. How little we anticipated last April when we had been closed for 38 days that this would stretch to July 20[th] 2020. Then that local lockdowns in twelve surrounding Local Authority areas would decimate our visitor numbers in September, October, November and December. This was followed by a total closure until we open again tomorrow on May 1[st] 2012! He Sanctuary missed yet another potentially busy Easter holiday After exploring all avenues of Government assistance we were able to access some of them and our Local Authority Powys proved very helpful. This was all crucially important because our staff at the Sanctuary are mainly Animal Carers and therefore they could not be furloughed. All outgoing expenditure like food for the animals, vet bills, heating, insurance remain the same whether the Sanctuary is open or closed. This was not a factor that was recognised by Welsh Government as they gave no special funding for animals. However, thanks to an overwhelming response from the public, local businesses and the fund raising efforts of our Communications Manager, Rosie Nelson our animals wanted for nothing during this difficult time. This is a fraction of the food donations we received: Every day, members of the public were dropping off food supplies or telephoning to request pick-up of food from their doorsteps! The small van we purchased last year was kept very busy indeed! The raffle Rosie had just opened on 29[th] April 2020 raised a massive £7445 to which was added a further £10,780 in April 2021. As well as the support from people who bought tickets a huge thank you must go out to the businesses who so generously donated high value prizes which made these events so successful. 3. **----- Start of picture text -----**
Raffle 2021
**----- End of picture text -----**
Further thanks must go to the Moondance Foundation who so generously and quickly responded to our appeal for assistance. They donated to our Sanctuary during these hard times and their grant meant we were able to continue to improve the Sanctuary environment for the animals and prepare for safe reopening under Covid restrictions. Two groups of rescued laboratory monkeys were able to enjoy socialising in the fresh air in newly refurbished enclosures, thus continuing the socialisation programme started last year. 4. **----- Start of picture text -----**
Lab monkeys from 2 places
safely integrated and in the
fresh air.
**----- End of picture text -----**
Many preparations were needed for re-opening on July 20[th] 2020. Paths had to be re-routed and widened for one-way systems, signs for social distancing, hand sanitisers, fogging machines a new booking system and reception outside. It was not possible to open the tea room, charity shop or indoor reception safely. 5. We have been closed now for almost 5 months and are looking forward to welcoming our visitors back on May 1[st] . Although number restrictions are still in place and measures to protect our primates who are vulnerable and at high risk from the coronavirus are still necessary, we are hoping that the lockdowns are over. We are hoping to recruit extra staff and return to offering apprenticeships and volunteer programmes as soon as we are confident that it is safe to do so .Our existing staff have worked really hard this past year and without any extra help from volunteers and also deserve our thanks. 6. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **REPORT OF THE DIRECTORS** ## **FOR THE PERIOD ENDED 30[th] APRIL 2021** ## **FINANCIAL REVIEW** ## **REVIEW POLICY** The Charity's reserves are mainly represented by restricted capital funds with the general fund standing at a deficit at the balance sheet date. The Charity achieved a small surplus in this financial year and it is anticipated that future surpluses will eliminate the remaining deficit. Once this has been achieved it will be policy of the Charity to retain sufficient funds to cover six months future expenditure. ## **INVESTMENT AND OTHER POWERS** The Charity does not have surplus liquid resources to invest. 7. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **REPORT OF THE DIRECTORS** ## **FOR THE PERIOD ENDED 30[th] APRIL 2021** ## **RESULTS FOR THE YEAR** As laid out in the attached statements of accounts, Incoming resources during the period were £285,509 and there were no restricted funds. The total resources expended during the year totaled £283,488 of which £283.075 was expended on direct charitable objectives. Management and administrative expenses were £413. This resulted in a net income deficit of £24,979 The financial position for period 2020/2021 of the Project is such that it will be able to continue carrying out its charitable objectives for the financial year 2021/2022 as set down in these financial statements. ## **RELATED PARTIES** Details of related party transactions are included in the notes to the accounts. ## **FIXED ASSETS** Details of changes in fixed assets are shown in Note 8 to the accounts. All assets are held to achieve the objects of the charity. ## **FUTURE DEVELOPMENT** The organisation will continue to develop the services it provides to meet the requirements of the primates within the Sanctuary. ## **DIRECTORS** The Directors who served during the year and who were in office at the balance sheet date were: Mr G Garen Mrs J A Garen ## **REPORTING ACCOUNTANT** A resolution to appoint Messrs S Roberts as reporting accountant will be proposed at the forthcoming Annual General Meeting. By order of the Board of Trustees ............................................... ............................. SECRETARY DATE 8. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **STATEMENT OF DIRECTORS' RESPONSIBILITIES** ## **FOR THE PERIOD ENDED 30[th] APRIL 2021** We are required under company law to prepare financial statements for each financial year which give a true and fair view of the state of the project and of the surplus of the project for that year. In preparing those financial statements we are required to: - select suitable accounting policies and apply then consistently; - make reasonable and prudent judgements and estimates; - state whether the policies adopted are in accordance with the Charities SORP, the Companies Act 2006 and with applicable accounting standards subject to any material departure disclosed and explained in the Financial Statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in business. We are also responsible for: - keeping proper accounting records; - safeguarding the project's assets; - taking reasonable steps for the prevention and detection of fraud. By order of the Board of Directors ............................................ Mrs J A Garen SECRETARY 9. ## **INDEPENDENT ACCOUNTANT'S REPORT TO THE MEMBERS** ## **OF** **WALES APE & MONKEY SANCTUARY LIMITED** ## **FOR THE PERIOD ENDED 30[th] APRIL 2021** I report on the accounts for year ended 30[th] April 2021 set out on pages 11 to 24 ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND REPORTING ACCOUNTANT** As described on page 9, the Charity Directors are responsible for the preparation of the accounts, and they consider that the Charity is exempt from an audit. It is the reporting accountant’s responsibility to carry out procedures designed to enable the accountant to report its opinion. ## **BASIS OF OPINION** Work was conducted in accordance with the Statement of Standards for Reporting Accountants, as therefore the procedures consisted of comparing the accounts with the accounting records kept by the Charity, and making such limited inquiries to officers of the charity as considered necessary for the purposes of this report. These procedures provided only the assurance expressed in the opinion below. ## **OPINION** In my opinion:- - (a) the financial statements are in agreement with the accounting records kept by the charity under s386 of the Companies Act 2006; - (b) having regard only to, and on the basis of, the information contained in those accounting records: 1. the financial statements have been drawn up in a manner consistent with the accounting requirements specified in S386(2) of the Act; and 2. The charity satisfied the conditions for exemption from an audit of the financial statements for the year ending 30[th] April 2021 under section 477 of the Companies Act 2006 relating to small companies. 7 SUNNYBANK MESSRS S ROBERTS BRECON MAAT LD3 7RW DATE ............................. 10. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **SUMMARY INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 30[th] APRIL 2021** ||**NOTE**|**2021**|**2020**| |---|---|---|---| |||**£**|**£**| |**TURNOVER**||**258,509**|**287,542**| |Operating Costs|4|(283,488)|(281,581)| |||______|______| |**OPERATING SURPLUS/(DEFICIT)**||(24,979)|5,961| |Interest Receivable and Other Income 6||-|-| |||_______|______| |**SURPLUS/(DEFICIT) FOR THE YEAR**||(24,979)|5,961| |||_______|______| ## **RECONCILIATION OF INCOME AND EXPENDITURE ACCOUNT** ## **OF THE STATEMENT OF FINANCIAL ACTIVITIES** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |**SURPLUS(DEFICIT) FOR THE YEAR**|(24,979)|5,961| |**CAPITAL DONATIONS RECEIVED**||| ||**_____**|**______**| ||(24,979)|5,961| ||_____|______| There are no recognised gains or losses during the financial year 2020 -2021, other than the results for the year. A Statement of Financial Activities is shown on page 12 to the financial statements. 11. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 30[th] April 2021** There are no recognised gains or losses other than those passed through the statement of financial activities. The statement of financial activities has been prepared on the basis that all operations are continuing. |**NOTE**
**INCOMING RESOURCES**
Grants and donations
Adoptions
Receipts from visitors
Activities to generate funds:
Sales
**TOTAL INCOMING RESOURCES**
**RECOURCES EXPENDED**
Direct charitable expendi-
ture
4
Governance costs
4
**TOTAL RESOURCES EXPENDED**
Net movement in funds for the year
Transfer between funds
Funds balance brought forward
Funds balance carried for-
ward
15
|**UN**
**RE-**
**CAPITAL**
**RE-**
**STRICTED**
**STRICTED**
**RE-**
**STRICTED**
**TOTAL**
**TOTAL**
**FUND**
**FUND**
**FUND**
**2021**
**2020**
£
£
£
£
£
202,891
202,891
164,164
3,220
3,220
6,476
42,975
42,975
84,809
9,423
9,423
32,093
258,509
0
0
258,509
287,542
283,075
283,075
280,916
413
413
665
283,488
0
0
283,488
281,581
-
-24,979
234,757
-
120,426
209,778
120,426
12.| |---|---| ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **BALANCE SHEET** |**AS AT 30th APRIL 2021**
**NOTE 2021**
**£ £**
**FIXED ASSETS**
Tangible assets 8 491,738
**CURRENT ASSETS**
Debtors -
Cash in hand 69137
_____
**CURRENT LIABILITIES**
**CREDITORS – AMOUNTS**
**FALLING DUE WITHIN**
**ONE YEAR**11 (12,241)
**NET CURRENT LIABILITIES**
(12,241)
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
548,634
**CREDITORS: AMOUNTS**
**FALLING DUE AFTER**
**MORE THAN ONE YEAR**12 (218,430)
**NET ASSETS**
**330,204**
Unrestricted fund
209,778
Restricted fund 14
-
Capital Restricted fund 14
120,426
**330,204**|
**£**

-
20,663
_____
(9,703)






|**2020**
**£**
448,417
(9,703)
459,377
(104,194)
**355,183**
234,757
-
120,426
**355,183**
13.| |---|---|---| ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **BALANCE SHEET** ## **AS AT 30[th] APRIL 2021** For the year ending 30[th] April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director's responsibilities; The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respects to accounting records and the preparation of accounts These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the Board on .............................. .............................................. Mrs J A Garen Director 14. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30[th] APRIL 2021** ## 1. **PRINCIPAL ACCOUNTING POLICIES** The financial statements have been prepared under the historical cost convention and have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting to Charities” issued in March 2005 and applicable accounting standards. ## **INCOME** Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. ## **FUND ACCOUNTING** Unrestricted funds are donations and other income resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Designated funds are unrestricted funds earmarked by the directors for particular purposes. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold land Nil Building expenditure 4% straight line Commercial vehicles & plant 25% straight line Website costs 33% straight line ## **GIFTS IN KIND** Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the project. Gifts donated for resale are included in income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. 15. ## **CEFN-YR-ERW PRIMATE RESCUE SANCTUARY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30[th] APRIL 2021** ## 2. **INCOME AND NET INCOMING RESOURCES** The income and net incoming resources on ordinary activities are attributable to the principal activity of the charity. Net outgoing/incoming resources on ordinary activities before taxation is after charging:- ||**2021 2020**| |---|---| ||**£ £**| |Staff costs|141,545 107,701| |Depreciation|31,348 38,003| |3. **DONATIONS AND GIFTS**|| ||**2021 2020**| ||**£ £**| |Individuals|187,391 160.664| |Gifts in kind
|15,500 3,500| |Capital donations|| ||______ ______| ||202,891 164,164| Gifts in kind comprise of :- Food donations valued by the directors at £15,000 provided by the general public. £500 gift in kind for management of the charities website by View Web Design. 16. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30[th] APRIL 2021** ## **RESOURCES EXPENDED** ## **4.** |**Basis of**
**Allloca-**
**tion**
**Salaries**
Direct
**Contractor Fees**
Direct
**Feed Stuff**
Direct
**Stock**
Direct
**Vet Fees & Medicines**
Direct
**Waste Disposal/Safety**
Direct
**Motor & Travel Costs**
Direct
**Repairs & Renewals**
Direct
**Utility Costs**
Transactions
**Promotion and Publicity**
**Costs**
Transactions
**Sundry Expenses**
Direct
**Depreciation**
Direct
**HP Interest**
Direct
**Legal & Professional**
Direct
**Office Expenses**
Transactions|**Animal**
**2021**
**2020**
**Welfare**
**Governance**
**Total**
**Total**
141,545
141,545
107,701
26,974
26,974
37,054
3,946
3,946
12,488
6,284
6,284
8,398
7,763
7,763
2,809
12,529
12,529
20,155
827
827
4,231
5,565
5,565
12,910
3,587
3,587
7,024
31,348
31,348
38,003
731
731
239
4,115
4,115
1,082
3,909
3,909
6,359
1,454
1,454
1,453
413
413
665
11,845
11,845
10,544
4,317
4,317
5,630
15,000
15,000
3,500
1,336
1,336
1,336| |---|---| |
**Bank Charges**
Transactions|| |**Bank Interest**
Transactions|| |**Telephone**
Transactions
**Accountancy Costs**
Direct
**Licenses & Insurance**
Transactions
**Rates & Water**
Transactions
**Food**
Direct
**Operating Lease**
Direct|| ||283,075
413
283,488
281,581| 17. 5. **DIRECTORS AND EMPLOYEES** The average number of employees throughout the year: **2021 2020** Care and support of primates 7 9 ____ ____ The wages, salaries and pension costs throughout the period: £ £ Care and support of primates – wages 141,545 107,701 ______ ______ The Trustees received no emoluments and there were no reimbursement of expenses. No employee was paid more than £50,000. ## 6. **INTEREST RECEIVABLE AND SIMILAR INCOME** **2021 2020** £ £ Interest received on bank deposit accounts - - ____ ____ ## 7. **TAXATION** The company is a registered charity and as such is exempt from corporation tax. 18. ## **WALES APE & PRIMATE SACTUARY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 30[th] APRIL 2021** ## **8. TANGIBLE FIXED ASSETS** |Cost:
As at 1stMay 2020
Additions
Disposals
As at 30thApril 2021
Depreciation
As at 1stMay 2020
Charge for year
Disposals
As at 30thApril 2021
Net Book Value
As at 30th April 2020
As at 30th April 2021|**Freehold**
**Building**
**Commercial**
**Plant**
**Website**
**Total**
**Land**
**Expenditure**
**Vehicles**
**£**
**£**
**£**
**£**
**£**
**£**
2,000
519,117
125,396
275,380
18,100
939,993
33,724
40,445
500
74,669|**Freehold**
**Building**
**Commercial**
**Plant**
**Website**
**Total**
**Land**
**Expenditure**
**Vehicles**
**£**
**£**
**£**
**£**
**£**
**£**
2,000
519,117
125,396
275,380
18,100
939,993
33,724
40,445
500
74,669|**Freehold**
**Building**
**Commercial**
**Plant**
**Website**
**Total**
**Land**
**Expenditure**
**Vehicles**
**£**
**£**
**£**
**£**
**£**
**£**
2,000
519,117
125,396
275,380
18,100
939,993
33,724
40,445
500
74,669|**Freehold**
**Building**
**Commercial**
**Plant**
**Website**
**Total**
**Land**
**Expenditure**
**Vehicles**
**£**
**£**
**£**
**£**
**£**
**£**
2,000
519,117
125,396
275,380
18,100
939,993
33,724
40,445
500
74,669|**Freehold**
**Building**
**Commercial**
**Plant**
**Website**
**Total**
**Land**
**Expenditure**
**Vehicles**
**£**
**£**
**£**
**£**
**£**
**£**
2,000
519,117
125,396
275,380
18,100
939,993
33,724
40,445
500
74,669|**Freehold**
**Building**
**Commercial**
**Plant**
**Website**
**Total**
**Land**
**Expenditure**
**Vehicles**
**£**
**£**
**£**
**£**
**£**
**£**
2,000
519,117
125,396
275,380
18,100
939,993
33,724
40,445
500
74,669| |---|---|---|---|---|---|---| ||2,000
552,841
125,396
315,825
18,600
1,014,662|||||| ||-
158,649
99,670
216,019
17,238
491,576
-
16,705
7,224
7,254
165
31,348
-
-
-
-
-
-|||||| ||-
175,354
106,894
223,273
17,403
522,924|||||| |||||||| ||2,000
360,468
25,726
59,361
862
448,417|||||| |||||||| ||2,000|377,487|18,502|92,552|1,197|491,738| All fixed assets are employed in the furtherance of the Charity's objects. 19. ## **WALES APE & MONKEY SANCTUARY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 30[TH] APRIL 2021** ## **9. CHANGES IN RESOURCES AVAILABLE FOR CHARITABLE USE** |CAPITAL|UNRE-
STRICTED|RE-
STRICTED|TOTAL|TOTAL| |---|---|---|---|---| |RE-
STRICTED|FUNDS|FUNDS|FUNDS|FUNDS| |FUNDS|||2021|2020| |£|£|£|£|£| |Net movement of funds||||| |for the year|||-24,979|5,961| |-||||| |net increase/de-||||| |crease||||| |in tangible fixed assets:-||||| |For direct charitable purposes|||43,321|11,795| |NET MOVE-||||| |MENT IN||||| |FUNDS AVAIL-||||| |ABLE||||| |FOR FUTURE ACTIVITIES|||18,342|17,756| 20. ## **WALES & MONKEY SANCTUARY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** |**FOR THE YEAR ENDED 30th APRIL 2021**|**FOR THE YEAR ENDED 30th APRIL 2021**|| |---|---|---| |10. **DEBTORS**|**2021**|**2020**| ||**£**|**£**| |Amount falling due within one year|-|-| ||____|_____| |**11. CREDITORS: amounts falling due within one year**||| ||**2021**|**2020**| ||**£**|**£**| |Bank overdraft|-|-| |Trade creditors|1,141|1,203| |Hire Purchase contracts|2,600|2,600| |Short term loan|8,500|5,900| ||______|______| ||12,241|9,703| |The bank overdraft is secured by a debenture dated 30thSeptember 2004 over the assets of the||| |company.||| |12. **CREDITORS: amounts falling due after more**||| |**than one year**||| ||**2021**|**2020 **| ||**£**|**£**| |Loans from directors
|168,430|104,194| |Build Back Loan -|50,000|| ||______|_______| ||218,430|104,194| |The loans from the directors have no interest charged and there is no intention to repay||| |immediately.||| |13. **SECURED DEBTS**||| |**The following secured debts are included**||| |**within creditors:-**|**2021**|**2020**| ||**£**|**£**| |Hire purchase contracts
|2,600|2,600| 21. ## **WALES & MONKEY SANCTUARY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30[th] APRIL 2021** ## **14. STATEMENT OF FUNDS** The restricted capital fund comprises (i) the value of land and buildings costs donated by Mr G Garen and Mrs J A Garen and by Mrs Garen's mother, plus (ii) donations and grants assistance towards the building of the Primate Rescue Sanctuary and Visitors Centre less (iii) depreciation on the related assets. The Trustees believe a restricted capital fund is a better and more accurate description of this fund rather than an endowment fund. The directors are drawing up a plan to deal with the deficit on unrestricted funds. They have already lent money to the charity to fund the current deficit, and will consider waiving the loan at some point in the near future. 22. ## **WALES APE & MONKEY SANCTUARY LIMITED** # **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE PERIOD ENDED 30[th] APRIL 2021** ## 15. **RELATED PARTY TRANSACTION** Mr G Garen and Mrs J A Garen were repaid £4,870 being part of their loans to the charity during the year. The amount due to the directors is disclosed in Note 12. During the year the company also had transactions at arms length with Cefn-yr-Erw Study Centre, a partnership between Mr G Garen and Mrs J A Garen, the Directors. ## **16. OPERATING LEASE COMMITMENTS** **2021 2020 £ £** Expiring: Within one year 1,336 1,336 Between one and five years 3,360 3,360 23. ## **APPENDIX 1 WALES APE & MONKEY SANCTUARY LIMITED** ## **SCHEDULE TO THE INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 30[th] APRIL 2021** |**SCHEDULE OF INCOME RECEIVABLE**||**2021**|**2020**| |---|---|---|---| |||**£**|**£**| |Grants and donations||202,891|164,164| |Adoptions||3,220|6,476| |Receipts from visitors
||42,975|84,809| |Deposit interest
||-|-| |Sales||9,423|32,093| |||______|_______| |||258,509|287,542| |**LESS SCHEDULE OF EXPENDITURE**|||| |Salaries|145,545||107,701| |Contractor Fees|-||-| |Feed Stuff|41,974||37,054| |Stock
|3,946||12,488| |Vet fees and medicines|6,284||8,398| |Waste disposal/Safety|7,763||2,809| |Motor and travel|12,529||20,155| |Repairs and renewals|827||4,231| |Utility costs|5,565||12,910| |Promotion and publicity|3,587||7,024| |Depreciation|31,348||38,003| |Office expenses|731||239| |Bank charges|4,115||1,082| |Bank interest|3,909||6,359| |Telephone|1,454||1,453| |Accountancy cost|413||665| |Licences and insurance|11,845||10,544| |Rates and water|4,317||5,630| |Food|3,500||3,500| |Operating lease|1,336||1,336| ||_______||______| |||283,488|281,581| |||______|______| |SUPLUS/(DEFICIT) FOR THE YEAR||-24,979|5,961| 24.