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 2024
WALES APE & MONKEY SANCTUARY LIMITED
CONTENTS
| PAGE | |
|---|---|
| Directors and Professional Advisers | 1 |
| Report of the Directors | 2 –11 |
| Statement of Directors' Responsibilities | 12 |
| Independent Accountant's Report | 13 |
| Income and Expenditure Account | 14 |
| Statement of Financial Activities | 15 |
| Balance Sheet | 16 - 17 |
| Notes to the financial statements | 18 – 26 |
| Detailed Income and Expenditure Account | 27 |
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 2024
The Directors have pleasure in presenting their annual report together with financial statements for the year ended 30[th] April 2024.
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 2023 – 2024
This has been a less eventful year but here are some of our achievements. We have expanded our education programme this year General Information Boards for both species and individual background information have been refurbished. Work Placement Students and Volunteers receive training in all aspects of animal welfare and husbandry. Conservation and respect for the environment and the natural world are focal points and instruction is delivered by their Keeper Mentor. Research focussed on chimps here has won a top award from the Royal Society of Biology. Marmoset research earned another student a First Class Honours. Meet and Greet sessions are an enjoyable and informative learning experience for adults and young people, which take the form of half hour sessions with the Head Keeper. This is a valuable educational tool and although limited in numbers (no more than 2 people per session and 2 sessions per day) to reduce stress to the animals, is an intensive experience enjoyed by all ages. All of our staff now participate in informal talks to visitors and groups and have time allotted for question and answer sessions. These may take place outside each enclosure or in the main building.
Animal adoptions are accompanied by an information sheet which gives information on the species as well as biographical details about the individual. Educational power point presentations given by Trustees to various adult groups. Animals are not taken from the Sanctuary to support any external education. They are not removed from their enclosures for handling or demonstrations. Our new Director and 3 Trustees are now giving regular illustrated talks to schools, the Brownies and other groups as diverse as the W.I. and the local Fire Fighters.
All Saints Primary School in Barry enjoying a presentation and question and answer session by one of our newly appointed Trustees, Lizi Ross.
We are delighted to see that there is interest in the wider community in animals, their conservation and the environment. We appointed two new Directors Nicola Pollard and Rosie Nelson, both of whom together with Lizi Ross have also been appointed as Trustees – all are unpaid positions. We hope that this will help to protect the Sanctuary and its beneficiaries in the long term future. The staff currently employed are committed to the Sanctuary and its policies and ethics. We have also reviewed the recruitment process to ensure that the beneficiaries have protection for life here. Rescue animals deserve a level of commitment that not everyone would be prepared to give them.
“Little did we know that day back in October 1998, when we met seven adult chimpanzees for the first time, that our lives would change so dramatically, or how many obstacles we would have to overcome to safeguard the future of the Sanctuary. When Twmi, Fergus, Suzi, Jeremy, Winnie, Neusi and Vicki joined our family of horses, pigs, goats, llamas, sheep, cows, rabbits, guinea pigs, chinchillas, ferrets, ducks and chickens, life became a very different story……………….” The Charity was fortunate this year to receive a donation of a brand new rescue ambulance the donor of which wishes to remain anonymous. Graham has modified and equipped this as a fully functional quarantine rescue vehicle. This has been licensed in the UK but we have to also take the ambulance to an EU country to be inspected and licensed there too, something which was not necessary prior to Brexit. This is proving difficult at the moment but we are planning for this over the next few months. We have a number of requests from European Organisations to take primates both from laboratories and zoos so the licensing is an essential part of the process.
Supporters of the Sanctuary have again been generous in spite of the difficult economic climate. Donations of food have continued and also for the Charity shop. We are immensely grateful.
WALES APE & MONKEY SANCTUARY LIMITED
REPORT OF THE DIRECTORS
FOR THE PERIOD ENDED 30[th] APRIL 2024
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 2024
RESULTS FOR THE YEAR
As laid out in the attached statements of accounts, Incoming resources during the period were £451,786 and there were no restricted funds. The total resources expended during the year totaled £470,615 of which £469,352 was expended on direct charitable objectives. Management and administrative expenses were £1,263. This resulted in a net loss of £18,829. The directors increased their loans to support the loss.
The financial position for period 2023/2024 of the Project is such that it will be able to continue carrying out its charitable objectives for the financial year 2024/2025 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 11.
WALES APE & MONKEY SANCTUARY LIMITED
STATEMENT OF DIRECTORS' RESPONSIBILITIES
FOR THE PERIOD ENDED 30[th] APRIL 2024
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 2024
I report on the accounts for year ended 30[th] April 2024 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 2024 under section 477 of the Companies Act 2006 relating to small companies.
7 SUNNYBANK MESSRS S ROBERTS BRECON MAAT LD3 7RW
WALES APE & MONKEY SANCTUARY LIMITED SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30[th] APRIL 2024
| NOTE | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| TURNOVER | 451,786 | 461,587 | |
| Operating Costs | 4 | (470,615) | (511,808) |
| ______ | ______ | ||
| OPERATING SURPLUS/(DEFICIT) | -18,829 | -50,211 | |
| Interest Receivable and Other Income 6 | - | - | |
| _ | ______ | ||
| SURPLUS/(DEFICIT) FOR THE YEAR | -18,829 | -50,211 | |
| _ | ______ |
RECONCILIATION OF INCOME AND EXPENDITURE ACCOUNT OF THE STATEMENT OF FINANCIAL ACTIVITIES
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| SURPLUS(DEFICIT) FOR THE YEAR | -18,829 | -50,211 |
| CAPITAL DONATIONS RECEIVED | ||
| _____ | ______ | |
| -18,829 | -50,211 | |
| _____ | ______ |
There are no recognised gains or losses during the financial year 2023 -2024, 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 2024
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.
| 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 |
£ £ £ £ £ 288,394 288,394 317,060 480 117,651 117,651 106,959 45,741 45,741 37,088 |
|---|---|
| 451,786 0 0 451,786 461,587 |
|
| 469,352 469,352 511,320 1,263 1,263 488 |
|
| 470,615 0 0 470,615 511,808 |
|
| - -18,829 167,433 - 120,426 148,604 120,426 |
WALES APE & MONKEY SANCTUARY LIMITED
BALANCE SHEET
| AS AT 30th APRIL 2024 NOTE 2024 £ £ FIXED ASSETS Tangible assets 8 609,266 CURRENT ASSETS Debtors - Cash in hand 34,283 _____ CURRENT LIABILITIES CREDITORS – AMOUNTS FALLING DUE WITHIN ONE YEAR11(24,309) NET CURRENT LIABILITIES (24,309) TOTAL ASSETS LESS CURRENT LIABILITIES 619,240 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR12 (350,210) NET ASSETS 269,030 Unrestricted fund 148,604 Restricted fund 14 - Capital Restricted fund 14 120,426 269,030 |
£ - 45,274 _____ (12,466) |
2023 £ 529,729 (12,466) 562,537 (274,678) 287,859 167,433 - 120,426 287,859 16. |
|---|---|---|
WALES APE & MONKEY SANCTUARY LIMITED
BALANCE SHEET
AS AT 30[th] APRIL 2024
For the year ending 30[th] April 2024 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 2024
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 2024
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:-
| 2024 2023 | |
|---|---|
| £ £ | |
| Staff costs | 249,147 238,818 |
| Depreciation | 53,059 49,166 |
| 3. DONATIONS AND GIFTS | |
| 2024 2023 | |
| £ £ | |
| Individuals | 249,979 278,344 |
| Gifts in kind |
15,200 15,200 |
| Capital donations | 38,415 16,545 |
| __ ____ | |
| 303,594 310,089 |
Gifts in kind comprise of :-
Food donations valued by the directors at £15,000 provided by the general public. £200 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 2024
RESOURCES EXPENDED
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 2024 2023 Welfare Governance Total Total 249,147 249,147 238,818 36,912 36,912 37,324 18,085 18,085 17,635 8,054 8,054 11,130 2,258 2,258 3,723 13,102 13,102 18,373 4,464 4,464 3,226 19,707 19,707 75,710 4,457 4,457 7,450 0 0 53,059 53,059 49,166 0 0 400 518 518 476 6,783 6,783 4,287 8,256 8,256 6,962 1,151 1,151 1,649 1263 1263 1263 488 16,523 16,523 12,614 9,277 9,277 6,041 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 |
|
| 469,352 1,263 470,615 511,808 |
-
DIRECTORS AND EMPLOYEES The average number of employees throughout the year:
2024 2023 Care and support of primates 8 15 _ _ The wages, salaries and pension costs throughout the period: £ £ Care and support of primates – wages 249,147 238,818 __ ____
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
2024 2023 £ £ 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 2024
8. TANGIBLE FIXED ASSETS
| Cost: As at 1stMay 2023 Additions Disposals As at 30thApril 2024 Depreciation As at 1stMay 2023 Charge for year Disposals As at 30thApril 2024 Net Book Value As at 30th April 2023 As at 30th April 2024 |
Freehold Building Commercial Plant Website Total Land Expenditure Vehicles £ £ £ £ £ £ 2,000 645,391 153,295 358,920 19,300 1,178,906 34,622 38,415 21,950 200 95,187 |
Freehold Building Commercial Plant Website Total Land Expenditure Vehicles £ £ £ £ £ £ 2,000 645,391 153,295 358,920 19,300 1,178,906 34,622 38,415 21,950 200 95,187 |
Freehold Building Commercial Plant Website Total Land Expenditure Vehicles £ £ £ £ £ £ 2,000 645,391 153,295 358,920 19,300 1,178,906 34,622 38,415 21,950 200 95,187 |
|---|---|---|---|
| 2,000 680,013 191,710 380,870 19,500 1,274,093 |
|||
| - 208,206 120,420 265,139 18,003 611,768 - 12,861 10,904 28,920 374 53,059 - - - - - - |
|||
| - 221,067 131,324 294,059 18,377 664,827 |
|||
| 2,000 411,442 21,209 93,781 1,297 529,729 |
|||
| 2,000 | 458,946 60,386 |
86,811 1,123 609,266 |
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 2024
9. CHANGES IN RESOURCES AVAILABLE FOR CHARITABLE USE
| TOTAL | TOTAL | |||
|---|---|---|---|---|
| FUNDS | FUNDS | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Net movement of funds | ||||
| for the year | -18,829 | -50,221 | ||
| net increase/decrease | ||||
| in tangible fixed assets:- | ||||
| For direct charitable purposes | 79,537 | 27,960 | ||
| NET MOVEMENT IN | ||||
| FUNDS AVAILABLE | ||||
| FOR FUTURE ACTIVITIES | 60,708 | -22,261 |
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[th] APRIL 2024
| 10. DEBTORS | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Amount falling due within one year | - | - |
| ____ | _____ | |
| 11. CREDITORS: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Bank overdraft | 13,017 | - |
| Trade creditors | 2792 | 1,366 |
| Hire Purchase contracts | - | 2,600 |
| Short term loan | 8,500 | 8,500 |
| ______ | ______ | |
| 24,309 | 12,724 | |
| 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 | ||
| 2024 | 2023 | |
| £ | £ | |
| Loans from directors |
328,710 | 244,678 |
| Build Back Loan - | 21,500 | 30,000 |
| ______ | _ | |
| 350,210 | 274,678 | |
| 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:- | 2024 | 2023 |
| £ | £ | |
| Hire purchase contracts |
- | 2,600 |
WALES APE & MONKEY SANCTUARY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[th] APRIL 2024
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 2024
15. RELATED PARTY TRANSACTION
Mr G Garen and Mrs J A Garen were repaid £1,235 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
2024 2023 £ £ 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 2024
| SCHEDULE OF INCOME RECEIVABLE | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Grants and donations | 288,394 | 317,060 | |
| Adoptions |
- | 480 | |
| Receipts from visitors |
117,651 | 106,959 | |
| Deposit interest |
- | - | |
| Sales | 45,741 | 37,088 | |
| ______ | _ | ||
| 451,786 | 461,587 | ||
| LESS SCHEDULE OF EXPENDITURE | |||
| Salaries | 249,147 | 238,818 | |
| Feed Stuff | 36,912 | 37,324 | |
| Stock |
18,085 | 17,635 | |
| Vet fees and medicines | 8,054 | 11,130 | |
| Waste disposal/Safety | 2,258 | 3,723 | |
| Motor and travel | 13,102 | 18,373 | |
| Repairs and renewals | 4,464 | 3,226 | |
| Utility costs | 19,707 | 75,710 | |
| Promotion and publicity | 4,457 | 7,450 | |
| Depreciation | 53,059 | 49,166 | |
| Office expenses | 518 | 476 | |
| Bank charges | 6,783 | 4,287 | |
| Bank interest | 8,256 | 6,962 | |
| Telephone | 1,151 | 1,649 | |
| Accountancy cost | 1,263 | 488 | |
| Licences and insurance | 16,523 | 12,614 | |
| Rates and water | 9,277 | 6,041 | |
| Food | 15,000 | 15,000 | |
| Operating lease | 1,336 | 1,336 | |
| _ | ______ | ||
| 470,615 | 511,808 | ||
| ______ | ______ | ||
| SUPLUS/(DEFICIT) FOR THE YEAR | -18,829 | -50,221 |