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 2022
WALES APE & MONKEY SANCTUARY LIMITED
CONTENTS
| PAGE | |
|---|---|
| Directors and Professional Advisers | 1 |
| Report of the Directors | 2 –9 |
| Statement of Directors' Responsibilities | 9 |
| Independent Accountant's Report | 10 |
| Income and Expenditure Account | 11 |
| Statement of Financial Activities | 12 |
| Balance Sheet | 14 - 15 |
| Notes to the financial statements | 16 – 24 |
| Detailed Income and Expenditure Account | 25 |
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
WALES APE & MONKEY SANCTUARY LIMITED
REPORT OF THE DIRECTORS
FOR THE PERIOD ENDED 30[th] APRIL 2022
The Directors have pleasure in presenting their annual report together with financial statements for the year ended 30[th] April 2022.
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.
ACHIEVEMENT AND PERFORMANCE REPORT 2021 – 2022
As this year draws to a close Wales Ape and Monkey Sanctuary has actually been open for a full year! We are all happy to have welcomed visitors back without fear of closure again. On May 1[st] 2021 we re-opened with two new reception staff, and although missing the Easter Holidays we are happy to report that our visitor numbers were the highest ever in spite of not re-opening the shop and coffee shop. Other than the 3 major named storms the Sanctuary was open all year and fortunately our location keeps flooding to a minimum.
In the summer we were able to employ 3 new Keepers and take on a young apprentice to continue our relationship with Haddon Training and Cambrian Training. This heralded a busy time for Head Keeper Nicola who was responsible for their training and induction.
We were also able to accept a new volunteer to assist with food preparation in the new purpose-built kitchen which is now equipped with two walk in fridges and a walk in freezer. The latter has proved to be an excellent investment, especially when bulk donations of meat and fish come in for our carnivore residents.
No further rescues from Europe have been possible due to both Covid and Brexit. However, we have been alerted to the pet trade in Wales in Serval cats and took in three Servals and a Savannah F1. We were astonished to discover a trade that we had previously not known anything about, let alone that people were keeping these animals in their homes. 3.
This of course involves further construction of enclosures suitable for this new species. We hope integration will be possible but the Savannah is extremely aggressive and unfriendly to the others. Only time will tell.
Two Schnauzer pups joined us rescued from a bad situation and they have made friends with one of our solitary wolfdogs. She was terrified of the other wolfdogs due to her abusive background and extremely nervous. The Schnauzers have completely turned her world around and she has become a happy sociable animal. Sometimes, some animals are not necessarily equipped to deal with their own species and this is something that the public needs to understand. This is a rescue sanctuary and this means that most of our residents have come from problem situations and will not necessarily easily join a group.
The Servals and the Schnauzers were the first patients for neutering in our brand new hospital unit.
This also made it possible to collaborate with visiting Spanish veterinary team and our veterinary practice Team with exchange of ideas, expertise and methods.
Food donations continued to come in from the public both locally and from our Amazon Wish list. Our appeal for scatter food for the primates brought an overwhelming response.
Butchers Dog food also donated a pallet of tins for our canine residents. Our Charity has been extremely fortunate and we are all very grateful for the generosity of everyone who has continued to help the animals at a time that has not been easy for anyone.
Llamedos Holiday Camp raised a wonderful £5435.41 for the Sanctuary
Our rescue of two more rabbits resulted in donations of food and enrichment items for them too.
The Wales Ape and Monkey Sanctuary aims to help to address the problems associated with the results of human misbehaviour towards animals and the impact this has had on animal welfare, conservation, biodiversity, sustainability, the increasing number of endangered species and the number of recent confirmed extinctions.
Shown above are a small selection of the topics covered in our Education Programme. We have expanded this significantly this year in close relationship with the Collaborative Learning Project. Gwilym Pugh joined our group of patrons this year, which include Sheridan Smith, Phil Campbell, Michael Paget, Dr Rhys Jones, Graham Norton and James Corden. 6.
Dr Rhys Jones has also kindly agreed to join our Advisory Board. We are fortunate to have such a knowledgeable individual as part of our team.
We had planned to change our boiler this year and the Moondance Foundation had agreed to fund half of the cost. The biomass boiler heats and provides hot water for the whole site. However, with the energy crisis the wood pellets that fuel our existing biomass boiler became impossible to access as our supplier obtained them from Russia. When we found a new supplier the cost of pellets subsequently tripled to £617 per tonne leading to a cost to the Charity of £15,425 per load which lasts for approximately one month! This led to a decision not to attempt to reinvest in a new boiler at this time.
WALES APE & MONKEY SANCTUARY LIMITED
REPORT OF THE DIRECTORS
FOR THE PERIOD ENDED 30[th] APRIL 2022
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.
WALES APE & MONKEY SANCTUARY LIMITED
REPORT OF THE DIRECTORS
FOR THE PERIOD ENDED 30[th] APRIL 2022
RESULTS FOR THE YEAR
As laid out in the attached statements of accounts, Incoming resources during the period were £399,875 and there were no restricted funds. The total resources expended during the year totaled £391,999 of which £391,511 was expended on direct charitable objectives. Management and administrative expenses were £488. This resulted in a net income of £7,876.
The financial position for period 2021/2022 of the Project is such that it will be able to continue carrying out its charitable objectives for the financial year 2022/2023 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 9.
WALES APE & MONKEY SANCTUARY LIMITED
STATEMENT OF DIRECTORS' RESPONSIBILITIES
FOR THE PERIOD ENDED 30[th] APRIL 2022
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;
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make reasonable and prudent judgements and estimates;
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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;
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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:
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keeping proper accounting records;
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safeguarding the project's assets;
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taking reasonable steps for the prevention and detection of fraud.
By order of the Board of Directors
............................................ Mrs J A Garen SECRETARY
INDEPENDENT ACCOUNTANT'S REPORT TO THE MEMBERS
OF
WALES APE & MONKEY SANCTUARY LIMITED
FOR THE PERIOD ENDED 30[th] APRIL 2022
I report on the accounts for year ended 30[th] April 2022 set out on pages 12 to 25
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:-
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(a) the financial statements are in agreement with the accounting records kept by the charity under s386 of the Companies Act 2006;
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(b) having regard only to, and on the basis of, the information contained in those accounting records:
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the financial statements have been drawn up in a manner consistent with the accounting requirements specified in S386(2) of the Act; and
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The charity satisfied the conditions for exemption from an audit of the financial statements for the year ending 30[th] April 2022 under section 477 of the Companies Act 2006 relating to small companies.
7 SUNNYBANK MESSRS S ROBERTS BRECON MAAT LD3 7RW
DATE ............................. 11.
WALES APE & MONKEY SANCTUARY LIMITED
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30[th] APRIL 2022
| NOTE | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| TURNOVER | 399,875 | 288,509 | |
| Operating Costs | 4 | (391,999) | (283,488) |
| ______ | ______ | ||
| OPERATING SURPLUS/(DEFICIT) | 7,876 | (24,979) | |
| Interest Receivable and Other Income 6 | - | - | |
| _ | ______ | ||
| SURPLUS/(DEFICIT) FOR THE YEAR | 7,876 | (24,979) | |
| _ | ______ |
RECONCILIATION OF INCOME AND EXPENDITURE ACCOUNT
OF THE STATEMENT OF FINANCIAL ACTIVITIES
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| SURPLUS(DEFICIT) FOR THE YEAR | 7,876 | (24,979) |
| CAPITAL DONATIONS RECEIVED | ||
| _____ | ______ | |
| 7,876 | (24,979) | |
| _____ | ______ |
There are no recognised gains or losses during the financial year 2021 -2022, other than the results for the year.
A Statement of Financial Activities is shown on page 13 to the financial statements.
WALES APE & MONKEY SANCTUARY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30[th] April 2022
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 £ £ £ £ £ 226,420 226,420 202,891 21,390 21,390 3,220 120,057 120,057 42,975 32,008 32,008 9,423 |
|---|---|
| 399,875 0 0 399,875 258,509 |
|
| 391,511 391,511 283,075 488 488 413 |
|
| 391,999 0 0 391,999 283,488 |
|
| - 7,876 209,778 - 120,426 217,654 120,426 |
WALES APE & MONKEY SANCTUARY LIMITED
BALANCE SHEET
| AS AT 30th APRIL 2022 NOTE 2022 £ £ FIXED ASSETS Tangible assets 8 501,769 CURRENT ASSETS Debtors - Cash in hand 51,927 _____ CURRENT LIABILITIES CREDITORS – AMOUNTS FALLING DUE WITHIN ONE YEAR11(12,724) NET CURRENT LIABILITIES (12,724) TOTAL ASSETS LESS CURRENT LIABILITIES 540,972 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR12 (202,892) NET ASSETS 338,080 Unrestricted fund 217,654 Restricted fund 14 - Capital Restricted fund 14 120,426 338,080 |
£ - 69,137 _____ (12,241) |
2021 £ 491,738 (12,241) 548,634 (218,430) 330,304 209,788 - 120,426 330,204 14. |
|---|---|---|
WALES APE & MONKEY SANCTUARY LIMITED
BALANCE SHEET
AS AT 30[th] APRIL 2022
For the year ending 30[th] April 2022 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
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[th] APRIL 2022
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.
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[th] APRIL 2022
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:-
| 2022 2021 | |
|---|---|
| £ £ | |
| Staff costs | 206,066 141,545 |
| Depreciation | 39,678 31,348 |
| 3. DONATIONS AND GIFTS | |
| 2022 2021 | |
| £ £ | |
| Individuals | 210,920 187,391 |
| Gifts in kind |
15,500 15,500 |
| Capital donations | 11,400 |
| __ ____ | |
| 237,820 202,891 |
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.
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[th] APRIL 2022
RESOURCES EXPENDED
4.
| 4. | |
|---|---|
| Basis of Allloca- tion Salaries 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 Legal & Professional Direct Office Expenses Transactions |
Animal 2022 2021 Welfare Governance Total Total 206,066 206,066 141,545 27,375 27,375 26,974 15,992 15,992 3,946 11,478 11,478 6,284 6,471 6,471 7,763 13,193 13,193 12,529 3,271 3,271 827 16,961 16,961 5,565 6,711 6,711 3,587 0 39,678 39,678 31,348 0 623 623 731 5,004 5,004 4,115 4,843 4,843 3,909 1,596 1,596 1,454 488 488 413 11,436 11,436 11,845 4,477 4,477 4,317 15,000 15,000 15,000 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 |
|
| 391,511 488 391,999 283,488 |
-
DIRECTORS AND EMPLOYEES The average number of employees throughout the year:
2022 2021 Care and support of primates 12 7 _ _ The wages, salaries and pension costs throughout the period: £ £ Care and support of primates – wages 206,066 141,545 __ ____
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
2022 2021 £ £ Interest received on bank deposit accounts - -
_ _
7. TAXATION
The company is a registered charity and as such is exempt from corporation tax.
WALES APE & MONKEY SACTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[th] APRIL 2022
8. TANGIBLE FIXED ASSETS
Cost: As at 1stMay 2021 Additions Disposals As at 30thApril 2022 Depreciation As at 1stMay 2021 Charge for year Disposals As at 30thApril 2022 Net Book Value As at 30th April 2021 As at 30th April 2022 |
Freehold Building Commercial Plant Website Total Land Expenditure Vehicles £ £ £ £ £ £ 2,000 552,841 125,396 315,825 18,600 1,014,662 25,743 11,666 11,800 500 |
Freehold Building Commercial Plant Website Total Land Expenditure Vehicles £ £ £ £ £ £ 2,000 552,841 125,396 315,825 18,600 1,014,662 25,743 11,666 11,800 500 |
|---|---|---|
| 2,000 578,584 137,062 327,625 19,100 1,064,371 |
||
| - 175,354 106,894 223,273 17,403 522,924 - 15,681 6,083 17,654 260 39,678 - - - - - - |
||
| - 191,035 112,977 240,927 17,663 562,602 |
||
| 2,000 377,487 18,502 92,552 1,197 491,738 |
||
| 2,000 387,549 24,085 |
86,698 1,437 501,769 |
All fixed assets are employed in the furtherance of the Charity's objects.
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2022
9. CHANGES IN RESOURCES AVAILABLE FOR CHARITABLE USE
UNRERECAPITAL TOTAL TOTAL STRICTED STRICTED REFUNDS FUNDS FUNDS FUNDS STRICTED FUNDS 2022 2021 £ £ £ £ £ Net movement of funds for the year 7,876 -24,979 - net increase/decrease in tangible fixed assets:For direct charitable purposes 10,031 43,321 NET MOVEMENT IN FUNDS AVAILABLE FOR FUTURE ACTIVITIES 17,907 18,342
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[th] APRIL 2022
| 10. DEBTORS | 2022 | 2021 |
|---|---|---|
| £ | £ | |
| Amount falling due within one year | - | - |
| ____ | _____ | |
| 11. CREDITORS: amounts falling due within one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Bank overdraft | - | - |
| Trade creditors | 1,624 | 1,141 |
| Hire Purchase contracts | 2,600 | 2,600 |
| Short term loan | 8,500 | 8,500 |
| ______ | ______ | |
| 12,724 | 12,241 | |
| 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 | ||
| 2022 | 2021 | |
| £ | £ | |
| Loans from directors |
162,892 | 168,430 |
| Build Back Loan - | 40,000 | 50,000 |
| ______ | _ | |
| 202,892 | 218,430 | |
| 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:- | 2022 | 2021 |
| £ | £ | |
| Hire purchase contracts |
2,600 | 2,600 |
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[th] APRIL 2022
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.
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30[th] APRIL 2022
15. RELATED PARTY TRANSACTION
Mr G Garen and Mrs J A Garen were repaid £5,538 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
2022 2021 £ £ Expiring: Within one year 1,336 1,336 Between one and five years 3,360 3,360
APPENDIX 1 WALES APE & MONKEY SANCTUARY LIMITED
SCHEDULE TO THE INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30[th] APRIL 2022
| SCHEDULE OF INCOME RECEIVABLE | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Grants and donations | 226,420 | 202,891 | |
| Adoptions | 21,390 | 3,220 | |
| Receipts from visitors |
120,057 | 42,975 | |
| Deposit interest |
- | - | |
| Sales | 32,008 | 9,423 | |
| ______ | _ | ||
| 399,875 | 258,509 | ||
| LESS SCHEDULE OF EXPENDITURE | |||
| Salaries | 206,066 | 145,545 | |
| Feed Stuff | 27,375 | 41,974 | |
| Stock |
15,992 | 3,946 | |
| Vet fees and medicines | 11,478 | 6,284 | |
| Waste disposal/Safety | 6,471 | 7,763 | |
| Motor and travel | 13,193 | 12,529 | |
| Repairs and renewals | 3,271 | 827 | |
| Utility costs | 16,961 | 5,565 | |
| Promotion and publicity | 6,711 | 3,587 | |
| Depreciation | 39,678 | 31,348 | |
| Office expenses | 623 | 731 | |
| Bank charges | 5,004 | 4,115 | |
| Bank interest | 4,843 | 3,909 | |
| Telephone | 1,596 | 1,454 | |
| Accountancy cost | 488 | 413 | |
| Licences and insurance | 11,436 | 11,845 | |
| Rates and water | 4,477 | 4,317 | |
| Food | 15,000 | 3,500 | |
| Operating lease | 1,336 | 1,336 | |
| _ | ______ | ||
| 391,999 | 283,488 | ||
| ______ | ______ | ||
| SUPLUS/(DEFICIT) FOR THE YEAR | 7,876 | (24,979) | |
| 25. |