**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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 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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