**Charity Registration No. 1096814**
**THE GAMBIA HORSE AND DONKEY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Heather Armstrong (Chair)|
|---|---|
||Andrea Miles|
||Garth Armstrong|
||Judith Parkes|
||Max Murray|
||David Marsden|
|**Charity number**|1096814|
|**Principal address**|Brewery Arms Cottage|
||Stane Street|
||Ockley|
||RH5 5TH|
|**Independent examiner**|Darren Harding ACA FCCA DChA|
||Richard Place Dobson Services Limited|
||1-7 Station Road|
||Crawley|
||West Sussex|
||RH10 1HT|
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5 - 6|
|Balance sheet|7|
|Notes to the financial statements|8 - 15|
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
The trustees present their annual report and financial statements for the year ended 31 March 2021.
The trustees have adopted the provisions of 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 2015).
## **Objectives and activities**
The objects of the charity are as follows:
1, to promote and provide education in The Gambia in the care, welfare and management of horses and donkeys and the treatment of sick animals.
2, to relieve suffering of horses and donkeys and other animals in need of care and attention and to provide treatment facilities for sick and injured animals.
3 , To promote humane behaviour towards animals by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals.
The charity strives to reduce rural poverty by increasing the productivity of working horses and donkeys through welfare and management education. It also provides veterinary resources and education and explores ways of improving the nutrition and the design of carts and harness cost effectively.
## **Public benefit**
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
We are pleased to report that although it has been a very different year for us and for others, we have survived the storm remarkably well under the circumstances.
The Trustees have managed to keep in touch remotely on important issues affecting the charity.
The pandemic has taught us the value of making full use of social media for fundraising and marketing and our profile has been raised considerably both globally and in UK. We were very concerned about funding initially as we had to forgo many of our regular fundraising activities, but our supporters were exceptionally generous and this has been reflected in our accounts.
Our veterinary nurse volunteer, Emily Elgar has been very proactive. She chose not to evacuate but to remain with the animals at the onset of the pandemic. The Gambia also closed its borders for many months, so we were unable to take volunteers. We initially had to stop doing mobile clinics and furloughed many of the staff on full pay, working with a skeleton staff for some weeks. When it appeared that Covid was not nearly as serious in The Gambia as it was in UK, work resumed a normal but due to Covid rules elsewhere and Gambia wisely keeping its borders closed, we were still unable to attract volunteer vets, however the UK veterinary profession were very helpful and gave us advice where necessary via Zoom or Skype.
Our work to raise awareness of animal welfare seems to be paying off and our work load has increased dramatically. Two other small charities that worked mainly with cats and dogs were unable to continue working during the pandemic so we received a great many calls for animals other than equids. In addition as expatriates left the country, many very irresponsibly left their cats and dogs so we are presently caring for a large number of dogs and cats. The Wildlife Department has also sought our help with treatments so we have treated a number of different species of Monkeys, a turtle, birds and hyenas.
Richard Place Dobson page 1
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
Our aging fleet of vehicles are coming to the end of their lives and our maintenance bills are far too large. We are presently looking for replacements, but other than buying new, there seem to be very few roadworthy second hand vehicles for sale in Gambia at present, so we may have to import some from Europe.
Our staff numbers are increasing to keep up with the work load, and in keeping with the times we are organising online
training for them.
This last year has been very difficult for all concerned, but we are generally pleased with our progress despite all the challenges thrown at us as a result of the pandemic.
## **Financial review**
During the year the charity had net incoming resources of £26,441 (2020 - net outgoing resources of £39,588) as shown on the statement of financial activities on page 5 of the accounts.
## **Reserves Policy**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to approximately one years expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
The trustees regularly consider and review the risks they are faced with and endeavour to put systems into place to mitigate those risks. A formal risk management policy is in the process of being drawn up to support these regular reviews.
The trustees meet on an ad-hoc basis throughout the year, as and when required.
Trustees have given consideration to the Charities SORP ('Statement of Recommended Practice') Committee's advice in its publication 'Implications of COVID-19 Control Measures and Charity Financial Reporting' and to the risks arising as a result of the coronavirus pandemic. The Charity is actively monitoring and managing the situation as it develops. We have adapted our operations and consider that the Charity has adequate reserves and committed future grants from supportive and solvent funders.
## **Structure, governance and management**
## **Governing document**
The charity is controlled by its governing document, a deed of trust (executed on 23 November 2002) and constitutes an unincorporated charity.
The trustees who served during the year and up to the date of signature of the financial statements were: Heather Armstrong (Chair)
Andrea Miles Garth Armstrong Judith Parkes Max Murray David Marsden
## **Recruitment and appointment of new trustees**
It is a minimum requirement for any potential new trustee to provide a copy of their CV for inspection by the current serving trustees. This information will then be carefully reviewed by the trustees before a final decision is taken to appoint the new trustee.
Many thanks are due to the volunteers who have provided a great service to the charity in the year, both here in the UK and also in The Gambia. We are very grateful for this essential support, and realise the significant role they have in helping the charity reach its objectives.
Richard Place Dobson page 2
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
The trustees' r eport was approved by the Board of Trustees. .............................. Trustee Dated: ......................... 13/12/2021
Richard Place Dobson
page 3
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE GAMBIA HORSE AND DONKEY TRUST**
I report to the trustees on my examination of the financial statements of The Gambia Horse and Donkey Trust (the charity) for the year ended 31 March 2021.
## **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**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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.
## **Darren Harding ACA FCCA DChA**
Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
20/12/2021 Dated: .........................
Richard Place Dobson
page 4
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**Current financial year**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**d esignated**
**2021**
**2021**
**2021**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations, Grants and legacies
**3**
238,982
-
-
Other income
**4**
1,580
-
-
**Total income**
240,562
-
-
**Expenditure on:**
Raising funds
**5**
11,801
-
-
Animal Welfare
**6**
197,201
5,119
-
**Total resources expended**
209,002
5,119
-
**Net incoming/(outgoing) resources**
31,560
(5,119)
-
Fund balances at 1 April 2020
158,634
340,597
3,200
**Fund balances at 31 March 2021**
190,194
335,478
3,200|**Total**
**2021**
**£**
238,982
1,580
240,562
11,801
202,320
214,121
26,441
502,431
528,872|Total
2020
**£**
173,230
-
173,230
4,548
208,270
212,818
(39,588)
542,019
502,431|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Richard Place Dobson
page 5
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**Prior financial year**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**d esignated**
**2020**
**2020**
**2020**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations, Grants and legacies
**3**
168,230
-
5,000
**Total income**
168,230
-
5,000
**Expenditure on:**
Raising funds
**5**
4,548
-
-
Animal Welfare
**6**
203,151
5,119
-
**Total resources expended**
207,699
5,119
-
**Net incoming/(outgoing) resources before**
**transfers**
(39,469)
(5,119)
5,000
Gross transfers between funds
1,800
-
(1,800)
**Net incoming/(outgoing) resources**
(37,669)
(5,119)
3,200
Fund balances at 1 April 2019
196,303
345,716
-
**Fund balances at 31 March 2020**
158,634
340,597
3,200|**Total**
**2020**
**£**
173,230
173,230
4,548
208,270
212,818
(39,588)
-
(39,588)
542,019
502,431|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Richard Place Dobson
page 6
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2021**_
|||||**2021**||**2020**||
|---|---|---|---|---|---|---|---|
||**Notes**||**£**||**£**|**£**|**£**|
|**Fixed assets**||||||||
|Tangible assets|**10**||||243,036||261,290|
|**Current assets**||||||||
|Debtors|**11**||-|-||3,021||
|Cash at bank and in hand||291,161||||240,767||
|||291,161||||243,788||
|**Creditors: amounts falling due within one**||||||||
|**year**|**12**|(5,325)||||(2,647)||
|Net current assets|||||285,836||241,141|
|**Total assets less current liabilities**|||||528,872||502,431|
|**Income funds**||||||||
|Restricted funds|**13**||||3,200||3,200|
|Unrestricted funds - designated|**14**||||335,478||340,597|
|Unrestricted funds - general|||||190,194||158,634|
||||||528,872||502,431|
|The financial statements were approved by the Trustees on .........................|The financial statements were approved by the Trustees on .........................
13/12/2021|||||||
|**Trustee**||||||||
Richard Place Dobson
page 7
**THE GAMBIA HORSE AND DONKEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **Charity information**
The registered office is Brewery Arms Cottage, Stane Street, Ockley, RH5 5TH.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 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 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **1.3 Charitable funds**
Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds set aside at the discretion of the trustees to be used for a specific purpose. The designated fund for fixed assets is part of the unrestricted funds that represents fixed assets used in the day to day operation of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **1.4 Income**
Activities for generating funds includes raffle ticket, card sales and ticket sales from the Trusts' Anniversary Ball, all are recognised in the Statement of Financial Activities in the year in which it is receivable.
Donations, grants and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource.
Richard Place Dobson page 8
**THE GAMBIA HORSE AND DONKEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **(Continued)**
Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate is communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measured with a degree of reasonable accuracy and the title to the asset has been transferred to the charity.
## **Gifts in Kind**
The charity received a number of donated goods from other organisations, however these are all items which are technically out of date (but still safe to use) so do not have a commercial value and therefore have not been valued in the financial statements.
Other incoming resources includes sponsorship, and is included in the Statement of Financial Activities in the year to which it relates.
## **1.5 Expenditure**
All expenditure is included on an accruals basis and is recognised when a legal or constructive obligation arises.
Cost of raising funds includes advertising expenditure and costs relating to the raffle and card sales.
## **Charitable activities**
Costs of charitable activities are incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to the one charitable activity that has been identified.
## **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:
Freehold property 2% Straight line Fixtures, fittings & equipment Straight line over 4 years Motor vehicles Straight line over 4 years
- **1.7 Cash and cash equivalents**
Cash at bank and cash in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.8 Financial instruments**
The trust only has financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments comprise bank loans which are subsequently measured at the carrying value plus accrued interest less repayments.
## _**Basic financial assets**_
Other debtors are recognised at the settlement amount due.
## _**Basic financial liabilities**_
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.
Richard Place Dobson page 9
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
**(Continued)**
## **1.9 Employee benefits**
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
## **1.10 Taxation**
As a charity, the Trust is not subject to corporation tax or any other taxes on income or gains arising from its charitable objectives.
## **2 Critical accounting estimates and judgements**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
The main judgements and accounting estimates included in the accounts are:
- Accruals - Management has made estimates and established accruals in respect of potential liabilities as at the balance sheet date.
- Depreciation - Management has made assumptions and estimated depreciation rates in respect of showing a true and fair view of the assets at the balance sheet date.
## **3 Donations, Grants and legacies**
|**Unrestricted**
Unrestricted
Restricted
**funds**
funds
funds
**general**
general
**2021**
2020
2020
**£**
£
£
Donations and gifts
163,825
130,900
-
Legacies receivable
-
36,724
-
Grant and sponsorship income
75,157
606
5,000
238,982
168,230
5,000|Total
2020
£
130,900
36,724
5,606|
|---|---|
||173,230|
## **4 Other income**
||**Unrestricted**|Total|
|---|---|---|
||**funds**||
||**general**||
||**2021**|2020|
||**£**|£|
|Other income|1,580|-|
Richard Place Dobson page 10
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **5 Raising funds**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**general**|general|
||**2021**|2020|
||**£**|£|
|Costs of generating donations and legacies|||
|Staff costs|11,801|4,548|
||11,801|4,548|
|**Animal Welfare**|||
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**2021**|**2020**|
||**£**|**£**|
|Depreciation and impairment|11,369|13,119|
|Insurance|-|326|
|Shipping to Gambia|3,866|1,558|
|Gambian expenses|155,804|151,098|
|Travelling|7,506|4,100|
|Animal food|1,455|745|
|Veterinary expenses in Gambia|3,794|3,818|
|Volunteer costs|1,985|15,723|
||185,779|190,487|
|Share of support costs (see note 7)|14,741|15,953|
|Share of governance costs (see note 7)|1,800|1,830|
||202,320|208,270|
|**Analysis by fund**|||
|Unrestricted funds - general|197,201|203,151|
|Unrestricted funds - designated|5,119|5,119|
||202,320|208,270|
## **6 Animal Welfare**
Richard Place Dobson page 11
## **THE GAMBIA HORSE AND DONKEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **7 Support costs**
|**Support costs Governance**
**costs**
**£**
**£**
Depreciation
6,885
-
Advertising
925
-
Accountancy and
bookkeeping
1,300
-
Bank charges
-
-
Postage, printing and
stationery
5,095
-
Sundries
20
-
Function costs
300
-
Subscriptions
216
-
Independent Examiners
fees
-
1,800
14,741
1,800
Analysed between
Charitable activities
14,741
1,800|**2021**Support costs
Governance
costs
**£**
£
£
6,885
6,819
-
925
820
-
1,300
1,200
-
-
22
-
5,095
3,816
-
20
282
-
300
2,778
-
216
216
-
1,800
-
1,830
16,541
15,953
1,830
16,541
15,953
1,830|2020
£
6,819
820
1,200
22
3,816
282
2,778
216
1,830|
|---|---|---|
|||17,783|
|||17,783|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year, but Heather Armstrong was reimbursed a total of £2,829 expenses in relation to the Gambian expedition (2020: £6,094) and Garth Armstrong was reimbursed a total of £2,500 expenses (2020: £1,491).
## **9 Employees**
The average monthly number of employees during the year was:
||**2021**|**2020**|
|---|---|---|
||**Number**|**Number**|
||2|1|
|**Employment costs**|**2021**|**2020**|
||**£**|**£**|
|Wages and salaries|11,801|4,548|
There were no employees whose annual remuneration was more than £60,000.
Richard Place Dobson page 12
**THE GAMBIA HORSE AND DONKEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**10**
**Tangible fixed assets**
**Cost**
At 1 April 2020
At 31 March 2021
**Depreciation and impairment**
At 1 April 2020
Depreciation charged in the year
At 31 March 2021
**Carrying amount**
At 31 March 2021
At 31 March 2020
**11**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**12**
**Creditors: amounts falling due within one year**
Trade creditors
Accruals and deferred income|**Freehold**
**property**
**Fixtures, fittings**
**& equipment**
**Motor vehicles**
**£**
**£**
**£**
255,954
33,110
52,025
255,954
33,110
52,025
15,357
24,916
39,526
5,119
6,885
6,250
20,476
31,801
45,776
235,478
1,309
6,249
240,597
8,194
12,499
**2021**
**£**
-
**2021**
**£**
3,412
1,913
5,325|**Total**
**£**
341,089|
|---|---|---|
|||341,089|
|||79,799
18,254|
|||98,053|
|||243,036|
|||261,290|
|||**2020**
**£**
3,021|
|||**2020**
**£**
788
1,859|
|||2,647|
Richard Place Dobson page 13
**THE GAMBIA HORSE AND DONKEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **13 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||||**Movement in funds**|**Movement in funds**||**Movement in**||
|---|---|---|---|---|---|---|---|
|||||||**funds**||
|||**Balance at**|**Incoming**|**Transfers**|**Balance at**|
**Incoming**|**Balance at**|
||**1**|**April 2019**|**resources**||**1 April 2020**|
**resources**|**31 March 2021**|
|||**£**|**£**|**£**|**£**|
**£**|**£**|
|Vets with Horsepower||-|5,000|(1,800)|3,200|
-|3,200|
|||-|5,000|(1,800)|3,200|
-|3,200|
The Vets with Horsepower fund is to be used to purchase new equipment. This was capitalised during the financial year, a transfer has been put through to reflect this.
## **14 Unrestricted funds - designated**
These are unrestricted funds which are material to the charity's activities made up as follows:
|**Balance at**
**1 April 2019**
**Resources**
**expended**
**£**
**£**
Property Fund
245,716
(5,119)
Chimp Rehabilitation Fund
100,000
-
345,716
(5,119)|**Transfers**
**Balance at**
**1 April 2020**
**Resources**
**expended**
**Balance at**
**31 March 2021**
**£**
**£**
**£**
**£**
-
240,597
(5,119)
235,478
-
100,000
-
100,000
-
340,597
(5,119)
335,478|**Transfers**
**Balance at**
**1 April 2020**
**Resources**
**expended**
**Balance at**
**31 March 2021**
**£**
**£**
**£**
**£**
-
240,597
(5,119)
235,478
-
100,000
-
100,000
-
340,597
(5,119)
335,478|
|---|---|---|
|||335,478|
The Property fund represents funds necessarily set aside for the Charity's occupation of land and buildings.
The Chimp Rehabilitation fund represents funds received due to the closure of the Chimp Rehabilitation Trust. Some of the funds received have been used for charity expenditure in The Gambia. The rest has been left as a designated fund to help support the Chip Rehabilitation Trusts should they need it.
Richard Place Dobson page 14
**THE GAMBIA HORSE AND DONKEY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **15 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
Fund balances at 31 March 2021 are represented by:
Tangible assets
7,558
235,478
-
Current assets/(liabilities)
182,636
100,000
3,200
190,194
335,478
3,200
Unrestricted
funds
Designated
funds
Restricted
funds
2020
2020
2020
£
£
£
Fund balances at 31 March 2020 are represented by:
Tangible assets
20,693
240,597
-
Current assets/(liabilities)
137,941
100,000
3,200
158,634
340,597
3,200|**Total**
**2021**
**£**
243,036
285,836|
|---|---|
||528,872|
||Total
2020
£
261,290
241,141|
||502,431|
## **16 COVID-19**
In March 2020 COVID 19 was designated as a global pandemic and following Government guidance the Charity has suspended activities involving face to face meetings and visits, where appropriate safeguards cannot be put in place to protect those they are visiting.
## **17 Events after the reporting date**
At the date of approval of the accounts it has not been possible to quantify or ascertain with any certainty the financial impact of COVID-19. No adjustments have been made to any figures in the accounts as a result of the pandemic.
## **18 Related party transactions**
There were no disclosable related party transactions during the year (2020 - none) .
Richard Place Dobson page 15