Charity Registration No. 1093973
OTTERSPOOL ANIMAL HAVEN
TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
OTTERSPOOL ANIMAL HAVEN
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees D Kirkham S M Challinor A Bowes Secretary D Kirkham Treasurer S Challinor Charity number 1093973 Principal address 14 Torquay Grove Woodsmoor Stockport Cheshire SK2 7BB Independent examiner Chadwick & Company (Manchester) Limited Chartered Accountants Statutory Auditors Capital House 272 Manchester Road Droylsden Manchester M43 6PW Bankers The Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT
OTTERSPOOL ANIMAL HAVEN
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
OTTERSPOOL ANIMAL HAVEN
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees present their report and financial statements for the year ended 30 September 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 201 9 ) "
Objectives and activities
The charity's objects are to provide veterinary care, treatment and shelter for abandoned animals and to educate the public in matters concerning animal welfare. The policies adopted in furtherance of these objects are un change d in the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Our homing during the last year has been relatively slow, we homed 18 cats and only 5 dogs. During lockdown, many people went out and bought dogs from breeders. We did however have two dogs in foster care where their elderly owners had been taken into care homes and there was no one available to look after their pets. These two dogs were in our care for over a year, one waiting for Social Services to make a decision on the dog and its owner and the other dog, waiting for the owner’s family to come to a decision. During this time both dogs had extensive dental work carried out as we felt it was needed and that we couldn’t leave them in such discomfort. Both these situations have now been resolved, where we have re homed one dog and the other has gone back to her owner.
We have had a steady flow of cats during the year. Unfortunately, some come into us that will take a long time if ever to go into a home. People tend to want young cats and friendly ones, many of the cats that come into us may have had a rough start in life and have trust issues. They eventually feel safe in our environment and can be difficult to re home. If that is the case, they will stay with us for the rest of their lives, we go to great effort and expense to make their lives happy.
Financial review
We had no fundraising fairs last year, nor did we produce a newsletter. This was because Covid restrictions changed so much we did not want to book anything until we knew it was safe to go ahead. The welfare of our volunteers and supporters is of great importance to us.
Our charity shop has been our main support financially. We have also received some legacies and commission on any Petplan insurance that is taken out when we have rehomed a pet.
Even though our movements have been restricted since the COVID-19 outbreak, our work has had to carry on, because despite being in the throes of a pandemic, animals still needed the loving care and attention which our charity has always provided.
Structure, governance and management
The registered name of the charity with the Charity Commission is Otterspool Animal Haven, number 1093973. The charity was established by a charitable trust deed on 30th September 2002.
The trustees who served during the year and up to the date of signature of the financial statements were: D Kirkham
S M Challinor A Bowes
The recruit ment and appointment of trustees is as set out the charities constitution .
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OTTERSPOOL ANIMAL HAVEN
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
The organisation is a small unincorporated charity set up for the welfare of animals.
The trustees' r eport was approved by the Board of Trustees.
D Kirkham
Trustee Dated: 16 February 2022
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OTTERSPOOL ANIMAL HAVEN
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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OTTERSPOOL ANIMAL HAVEN
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OTTERSPOOL ANIMAL HAVEN
I report on the financial statements of the charity for the year ended 30 September 2021, which are set out on pages 5 to 13.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Tracey Connor BSc FCA Chadwick & Company (Manchester) Limited Chartered Accountants Statutory Auditors Capital House 272 Manchester Road Droylsden Manchester M43 6PW
Dated: 17 February 2022
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OTTERSPOOL ANIMAL HAVEN
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Notes Income from: Donations and legacies 2 Activities for generating funds 3 Investments 4 Government coronavirus grant Total income Expenditure on: Raising funds 5 Charitable activities 6 Total resources expended Net gains/(losses) on investments 10 Net movement in funds Fund balances at 1 October 2020 Fund balances at 30 September 2021 |
2021 £ 28,490 34,738 5,127 9,669 78,024 10,276 43,330 53,606 18,921 43,339 349,661 393,000 |
2020 £ 24,296 33,032 6,636 10,000 73,964 10,446 51,400 61,846 (4,764) 7,354 342,307 349,661 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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OTTERSPOOL ANIMAL HAVEN
BALANCE SHEET
AS AT 30 SEPTEMBER 2021
| Notes Fixed assets Tangible assets 11 Investments 12 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2021 £ 210,319 (132) |
£ 4,394 178,419 182,813 210,187 393,000 393,000 393,000 |
2020 £ 185,791 - |
£ 5,857 158,013 163,870 185,791 349,661 349,661 349,661 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 16 February 2022
D Kirkham Trustee
S M Challinor Trustee
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OTTERSPOOL ANIMAL HAVEN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
Charity information
Otterspool Animal Haven is a non-incorporated charity. The principal address is: 14 Torquay Grove, Woodsmoor, Stockport, Cheshire, SK2 7BB.
1.1 Accounting convention
The accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"), and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
On 11 March 2020, Covid-19 was designated a pandemic by the World Health Organisation (WHO). The trustees continue to review the impact on the charity, ensuring provisions are put in place to mitigate any risk to the charity’s ability to operate as a going concern. At the date of signing the financial statements, in the opinion of the trustees, Covid-19 will not impact on the charity’s ability to operate as a going concern. Consequently, the charity continues to adopt the going concern basis in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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OTTERSPOOL ANIMAL HAVEN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings 10% straight line Computers 25% reducing balance Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Donations and legacies
| Donations and gifts Donated goods and services |
2021 £ 25,491 2,999 28,490 |
2020 £ 21,571 2,725 24,296 |
|---|---|---|
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OTTERSPOOL ANIMAL HAVEN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
3 Activities for generating funds
| Fundraising events Shop income Sponsorships and social lotteries Commissions received Activities for generating funds Investments Income from listed investments Interest receivable Raising funds Fundraising and publicity Fundraising agents Trading costs Operating charity shops |
2021 £ 1,000 31,042 605 2,091 34,738 2021 £ 3,531 1,596 5,127 2021 £ - 10,276 10,276 |
2020 £ 1,196 29,397 570 1,869 33,032 2020 £ 2,985 3,651 6,636 2020 £ 250 10,196 10,446 |
|---|---|---|
4 Investments
5 Raising funds
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OTTERSPOOL ANIMAL HAVEN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
6 Charitable activities
| Staff costs Depreciation and impairment Animal food Veterinary expenses Other animal requirements Share of support costs (see note 7) Share of governance costs (see note 7) |
2021 £ 17,308 1,464 2,019 9,579 627 30,997 7,544 4,789 43,330 |
2020 £ 16,970 1,757 3,685 13,508 658 36,578 10,187 4,635 51,400 |
|---|---|---|
7 Support costs
| Support costs Governance costs £ £ Boarding out rent and electricity 260 - Motor expenses 3,796 - Newsletter/leaflet printing and stationery 478 - Telephone 511 - Insurance 618 - Repairs, maintenance and cleaning 1,881 - Accountancy - 320 Legal and professional - 1,648 Sundry expenses - 775 Investment management fees - 2,046 7,544 4,789 Analysed between Charitable activities 7,544 4,789 |
2021 £ 260 3,796 478 511 618 1,881 320 1,648 775 2,046 12,333 12,333 |
2020 £ 459 3,015 1,891 562 554 3,706 320 1,648 783 1,884 14,822 14,822 |
|---|---|---|
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OTTERSPOOL ANIMAL HAVEN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
8 Trustees
Contracted service salary represents payments made to a trustee of the charity under an employment agreement signed on 8 April 2009 for which consent was granted by the Charity Commission in June 2009.
All payments have been made in accordance with clause 4.1 of the agreement, as amended under clause 19. Copies of the agreement can be inspected at the charity's correspondence address.
No other trustees (or any persons connected with them) received any remuneration or expenses during the year.
9 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| 1 | 1 | |
| Employment costs | 2021 | 2020 |
| £ | £ | |
| Wages and salaries | 16,664 | 16,342 |
| Other pension costs | 644 | 628 |
| 17,308 | 16,970 |
10 Net gains/(losses) on investments
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Revaluation of investments | 18,921 | (4,764) |
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OTTERSPOOL ANIMAL HAVEN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 11 Tangible fixed assets Cost At 1 October 2020 At 30 September 2021 Depreciation and impairment At 1 October 2020 Depreciation charged in the year At 30 September 2021 Carrying amount At 30 September 2021 At 30 September 2020 12 Fixed asset investments Cost or valuation At 1 October 2020 Movement in the year At 30 September 2021 Carrying amount At 30 September 2021 At 30 September 2020 |
Land and buildings Computers Motor vehicles £ £ £ 5,845 1,536 8,880 5,845 1,536 8,880 3,507 827 6,070 584 177 702 4,091 1,004 6,772 1,754 532 2,108 2,339 709 2,809 Listed investments Cash in portfolio £ 149,832 8,181 17,815 2,591 167,647 10,772 167,647 10,772 149,832 8,181 |
Total £ 16,261 16,261 10,404 1,463 11,867 4,394 5,857 Total £ 158,013 20,406 178,419 178,419 158,013 |
|---|---|---|
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OTTERSPOOL ANIMAL HAVEN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
12 Fixed asset investments
(Continued)
Investment objective: Growth
The charity expect the portfolio to grow over a number of years through a combination of reinvesting income and capital growth.
Movement in the funds is as follows:
| Dividend income Management fees deducted Profit/Loss on the investments 13 Financial instruments Carrying amount of financial assets Instruments measured at fair value through profit or loss 14 Creditors: amounts falling due within one year Accruals and deferred income |
2021 £ 3,531 (2,046) 18,921 20,406 2021 £ 167,647 2021 £ 132 |
2020 £ 2,985 (1,884) (4,764) (3,663) 2020 £ 149,832 2020 £ - |
|---|---|---|
15 Retirement benefit schemes
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £322 (2020 - £314).
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