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|||||||Page|
|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating
the|||director's|report)|||
|Independent
auditor's
report to||the members|||||
|Statement
offinancial
activities||(including|income and expenditure||account)|10|
|Statement offinancial
position|||||||
|Statement
ofcash flows||||||12|
|Notes to the financial statements|||||||
|The following
pages do not form||part ofthe financial||statements|||
|Detailed statement
offinancial|activities|||||28|
|Notes to the detailed
statement||offinancial|activities|||29|
##
|Reference|and ad|ministrative
|ministrative
|details|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Registered|charity|name|||Gloucestershire|||Animal|Welfare Association|and|
||||||Cheltenham||Animal Shelter||||
|Charity registration||number|||1081019||||||
|Company|registration||number||03868428||||||
|Principal office and|||registered|office|Gardner's|Lane|||||
||||||Swindon
Road||||||
||||||Cheltenham||||||
||||||Gloucestershire||||||
||||||GL51 9JW||||||
|The Trustees|||||J Stewart (Chair)||||||
||||||A Ayrton||||||
||||||G Barnes||||||
||||||P Dyer||||||
||||||C Howard||||||
||||||A Williams|(Vice||Chair)|||
||||||A Lawrence||||||
|Key Management||Personnel|||P Newcombe||(General Manager)||||
||||||N Spanswick||(Operations||Manager)||
||||||A Jarvis (Head of Fundraising)||||||
|Company|Secretary||||A Ayrton||||||
|Auditor|||||Hazlewoods||||||
||||||Staverton
Court||||||
||||||Staverton||||||
||||||Cheltenham||||||
||||||GL51 OUX||||||
|Bankers|||||The National||Westminster||Bank PLC||
||||||31 Promenade||||||
||||||Cheltenham||||||
||||||Gloucesters|hire|||||
||||||GL50 1LH||||||
|Investment|Manager||||Tilney Plc||||||
||||||6 New Street||Square||||
||||||New Fetter|Lane|||||
||||||London||||||
||||||EC4A 3BF||||||
|Solicitors|||||Willa ns||||||
||||||28 Imperial|Square|||||
||||||Cheltenham||||||
||||||Gloucesters|hire|||||
||||||GL50 1RH||||||
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|(including
Income a|nd Expenditu|re
Accoun|t)||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||Unrestricted|Restricted|Funds|Funds|
||||Funds|Funds|2020|2019|
|||Note||F|E||
|Income and endowments|||||||
|Donations
and legacies||7|464,825|220,500|685,325|286,321|
|Charitable
activities||8|78,562||78,562|145,006|
|Investment
income||9|104,264||104,264|160,400|
|Other income||10|56,746||56,746|92,012|
|Total income|||704,397|220,500|924,897|683,739|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Investment
management|costs|11|7,453||7,453|8,379|
|Expenditure
on charitable|activities|12,13|840,057|27,433|867,490|869,201|
|Other expenditure||15|26,390||26,390|35,009|
|Total expenditure|||873,900|27,433|901,333|912,589|
|Net gains on investments|||118,278||118,278|143,167|
|Net (expenditure)/income|||(51,225)|193,067|141,842|(85,683)|
|Transfers
between
funds|||||||
|Net movement
in funds|||(51,225)|193,067|141,842|(85,683)|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||2,834,868|10,030|2,844,898|2,930,581|
|Total funds carried forward|||2,783,643|203,097|2,986,740|2,844,898|
##
##
||||2020f|2019
F|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net income|||141,842|(85,683)|
|Adjustments
for:|||||
|Depreciation
oftangible
fixed assets|||56,560|55,242|
|Net gains on investments|||(118,278)|(143,167)|
|Other interest receivable
and similar income|||(907)|(1,386)|
|Accrued income|||(18,235)|(29,777)|
|Changes
in:|||||
|Trade and other debtors|||(102,695)|49,808|
|Trade and other creditors|||19,691|(554)|
||||(22,022)|(155,517)|
|Cash used
in operations|||||
|Interest received|||907|1,386|
|Net cash used
in operating|activities||(21,115)|(154,131)|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(21,707)|(12,900)|
|Purchases
ofother investments|||(48,824)|(242,189)|
|Proceeds from sale ofother|investments||231,097|172,392|
|Net cash from/(used
in) investing
activities|||160,566|(82,697)|
|Net increase/(decrease)
in|cash and cash|equivalents|139,451|(236,828)|
|Cash and cash equivalents|at beginning|ofyear|152,823|389,651|
|Cash and cash equivalents|at end ofyear||292,274|152,823|
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|N|otes to the F|inancial|Statements|(continued)||||
|---|---|---|---|---|---|---|---|
|8.|Charitable|activities||||||
||||||Total||Total|
|||||Unrestricted|Funds|Unrestricted|Funds|
|||||Funds|2020|Fundsf|2019|
||Animals
rehomed|||23,401|23,401|53,834|53,834|
||Stray fees and|kennel retentions||4,597|4,597|4,559|4,559|
||Microchip sales|||||75|75|
||Charity shop|||32,790|32,790|53,253|53,253|
|Centre events,
days||christmas|fair and open|1,686|1,686|10,149|10,149|
|CAS-VET rent||||14,000|14,000|14,000|14,000|
||Education|||2,088|2,088|9,136|9,136|
|||||78,562|78,562|145„006|145,006|
|9.|Investment|income||||||
||||||Total||Total|
|||||Unrestricted|Funds|Unrestricted|Funds|
|||||Funds|2020|Funds
f|2019|
|Income from listed investments||||12,148|12,148|21,761|21,761|
|Covenanted
income from|||subsidiary|91,209|91,209|137,253|137,253|
|Bank interest received||||907|907|1,386|1,386|
|||||104,264|104,264|160,400|160,400|
|10.|Other income|||||||
||||||Total||Total|
|||||Unrestricted|Funds|Unrestricted|Funds|
|||||Funds|2020
f|Funds|2019|
|Recharges to CAS Limited||||||36,257|36,257|
|Boarding fees||||33,448|33,448|31,218|31,218|
|Dog training||||150|150|2,110|2,110|
|Petplan
commission||||22,817|22,817|22,427|22,427|
|Other income||||331|331|||
|||||56,746|56,746|92,012|92,012|
##
##
|11.||In|ves|tment|management|costs||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Total||Total|
||||||||Unrestricted||Funds|Unrestricted|Funds|
|||||||||Fundsf|2020f|Funds|2019|
|Portfolio|||management|||||7,453|7,453|8,379|8,379|
|12.||Expenditure|||on charitable|activities|by|fund type||||
|||||||||||Total|Total|
||||||||Unrestricted||Restricted|Funds|Funds|
|||||||||Fundsf|Fundsf|2020f|2019|
|Animal||Welfare||||||832,481|27,433|859,914|863,281|
|Support|||costs|||||7,576||7,576|5,920|
|||||||||840,057|27,433|867,490|869,201|
|13.|Expenditure||||on charitable|activities|by activity type|||||
||||||||Activities|||Total|Total|
||||||||Undertaken||Support|funds|Funds|
|||||||||Directlyf|Costs|2020|2019f|
|Animal||Welfare||||||859,914||859,914|863,281|
|Governance||||costs|||||7,576|7,576|5,920|
|||||||||859,914|7,576|867,490|869,201|
|14.|Analysis of||||support costs|||||||
||||||||||Analysis of|||
||||||||||Support|||
||||||||||costs|||
||||||||||Animal|Total|Total|
||||||||||Welfare|2020f|2019|
|Governance||||costs|—Accountancy|and audit|fees||7,576|7,576|5,920|
##
##
##
|.
Other expend|itur|e|||||
|---|---|---|---|---|---|---|
|||||Total||Total|
||||Unrestricted|funds|Unrestricted|Funds|
||||Funds|2020
f|Funds|2019|
|Bank charges|||4,106|4,106|4,763|4,763|
|VAT disallowed|||||627|627|
|Insurance|||9,527|9,527|8,928|8,928|
|Printing,
stationery,
advertising|postage and||5,398|5,398|13,392|13,392|
|Telephone|||1,200|1,200|1,162|1,162|
|Legal and professional||fees|4,170|4,170|6,137|6,137|
|Other expenditure|||1,989|1,989|||
||||26,390|26,390|35,009|35,009|
##
||||||Total||Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Funds|Unrestricted|Funds|
|||||Funds
f.|2020
E|Funds
f|2019
E|
|Gain|on|revaluation|of investments|72,160|72,160|143,167|143,167|
|Gain|on|disposal of|investments|46,118|46,118|||
|||||118,278|11&,278|143,167|143,167|
##
|||||2020|2019|
|---|---|---|---|---|---|
||||||F|
|Depreciation||oftangible|fixed assets|56,560|55,242|
|.|Auditors|remuneration||||
|||||2020|2019|
||||||E|
|Fees|payable|for the audit ofthe financial statements||7,500|5,720|
|Other|financial|services||76|200|
|||||7,576|5,920|
##
##
||||2020
E|2019f|
|---|---|---|---|---|
|Wages and salaries|||602,030|553,977|
|Social security costs|||22,383|35,365|
|Employer
contributions|to pension|plans|13,891|14,325|
||||638,304|603,667|
##
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##
##
||Land and|||
|---|---|---|---|
||Buildings|Equipment|Total|
||||E|
|Cost||||
|At 1 January 2020|2,061,436|196,541|2,257,977|
|Additions||21,707|21,707|
|Disposals||||
|At 31 December 2020|2,061,436|218,248|2,279,684|
|Depreciation||||
|At 1 January 2020|565,902|145,287|711,189|
|Charged
for the year|41,128|15,432|56,560|
|Eliminated
on disposal||||
|At 31 December 2020|607,030|160,719|767,749|
|Carrying
amount||||
|At 31 December 2020|1,454,406|57,529|1,511,935|
|At 31 December 2019|1,495,534|51,254|1,546,788|
|22.
Investments||||
|||Shares
in||
||Listed|group||
||investments|underakings|Total|
||||f.|
|Cost or valuation||||
|At 1 January 2020|1,122,771|100|1,122,871|
|Additions|48,824||48,824|
|Disposals|(231,097)||(231,097)|
|Net gains on investments|118,278||118,278|
|At 31 December 2020|1,058,776|100|1,058,876|
|Carrying
amount||||
|At 31 December 2020|1,058,776|100|1,058,876|
|At 31 December 2019|1,122,771|100|1,122,871|
##
##
||2020|2019f|
|---|---|---|
|Turnover|66,385|143,702|
|Other income|96,652|80,457|
|Cost ofsales|(6,507)|(19,437)|
|Other charges|(156,530)|(204,722)|
|Profit/Loss
after tax|||
||||2020|2019|
|---|---|---|---|---|
|||||F|
|Non-current
assets|||1|501|
|Current assets|||114,048|49,486|
|Prepayments
and accrued income|||145|103|
|Creditors: Amounts|falling due within one year||(114,094)|(12,873)|
|Accruals and deferred||income||~37,117|
||||100|100|
|Capital and reserves|||100|100|
##
##
|otes to the
.
Debtors|Financial Statements
(continued)|||
|---|---|---|---|
|||2020|2019|
|||E|E|
|Trade debtors||3,020|2,751|
|Amounts
owed by group undertakings||112,965|7,830|
|Prepayments|and accrued income|59,840|41,605|
|Other debtors||7,550|10,259|
|||183,375|62,445|
##
|||2020f|2019|
|---|---|---|---|
|Trade creditors||33,330|23,009|
|Accruals and deferred|income|8,778|5,737|
|Social security and other taxes||8,964|8,200|
|Other creditors||8,648|3,083|
|||59,720|40,029|
##
##
##
|||At||||At|
|---|---|---|---|---|---|---|
|||1January||||31December|
|||2020|Income|Expenditure
F|Gainsf|2020|
|General funds||2,834,868|704,397|(873,900)|118,278|2,783,643|
||Restricted funds||||||
|||At||||At|
|||1January||||31 December|
|||2020|Income|Expenditure|Gainsf|2020|
|Willavoys|||196,000|||196,000|
|High|Sherif Grant||2,500|(960)||1,540|
|David|Woulfe|9,950|12,000|(16,473)||5,477|
|LEAndrews
Charitable
Trust|||10,000|(10,000)|||
|Other||80||||80|
|||10,030|220,500|(27,433)||203,097|
##
|||||Total|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Funds|Funds|
|||Funds|Funds|2020|2019f|
|Tangible fixed assets||1,511,935||1,511,935|1,546,788|
|Investments||1,058,876||1,058,876|1,122,868|
|Current assets||272,552|203,097|475,649|215,268|
|Creditors less than|1 year|(59,720)||(59,720)|(40,179)|
|Net assets||2,783,643|203,097|2,986,740|2,844,745|
||||||||2020f|2019
E|
|---|---|---|---|---|---|---|---|---|
|Financial assets measured|at fair value through||||income and expenditure||||
|Financial assets measured
at|fair value through|||income||and expenditure|1,058,876|1,122,768|
|Financial assets that are debt instruments|||measured|||at amortised cost|||
|Trade debtors|||||||3,020|2,751|
|Amounts
owed by group undertakings|||||||112,965|7,830|
|Prepayments
and accrued income|||||||59,840|41,605|
|Other debtors|||||||7,550|10,259|
||||||||183,375|62,445|
|Financial
liabilities measured||at amortised|cost||||||
|Trade creditors|||||||33,330|23,009|
|Accruals and deferred
income|||||||8,778|5,887|
|Social security and other taxes|||||||8,964|8,200|
|Other creditors|||||||8,648|3,083|
||||||||59,720|40,179|
##
||||Owed to|Owed by|
|---|---|---|---|---|
||Incomef|Expendituref|Charityf|Charityf|
|Cheltenham
Animal Shelter Limited|||||
|At 31 December 2020|150,487||112,965||
|At 31 December 2019|207,122||7,831||
|CASVET LLP|||||
|At 31 December 2020|7,991|12,501|2,383|3,311|
|At 31 December 2019|34,771|55,353|2,118|4,851|