REGISTERED CHARITY NUMBER: 1099627
BUTTERCUPS SANCTUARY FOR GOATS
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
BUTTERCUPS SANCTUARY FOR GOATS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
BUTTERCUPS SANCTUARY FOR GOATS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report with the financial statements of the charity 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
I) To alleviate the suffering, the abuse and neglect of goats, and to provide them with sanctuary and to find new homes for other unwanted goats
II) To advance the public knowledge and understanding of goats and their requirements, treatment and care through education
III) To help improve the standard of welfare for goats
FINANCIAL REVIEW
Reserves policy
The Commission requires charities to determine and explain their policy for reserves. The trustees have reviewed its free reserve policy and have turned its entire free unrestricted fund into an emergency fund to enable Buttercups Sanctuary for Goats to meet its obligations in event of a shortfall in income or sudden upturn in expenditure.
The trustees have decided the designate the funds in the CAF Bank Account as Restricted Building Development Fund
Furthermore the trustees meet quarterly to review their reserve level. If the value of the reserves falls below a level unacceptable to the trustees, then appropriate action will be taken immediately to rectify the situation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1099627
Principal address
Wierton Hall East Hall Hill Boughton Monchelsea Maidstone Kent ME17 4JU
Trustees
R H HITCH (resigned 22.9.2020) S KING Chair P BROWN (resigned 23.6.2021) DR A McELLIGOTT MISS A ASSINDER J KENWARD (appointed 9.6.2020)
Independent Examiner
Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF
Page 1
BUTTERCUPS SANCTUARY FOR GOATS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Approved by order of the board of trustees on 27 January 2022 and signed on its behalf by:
S KING - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUTTERCUPS SANCTUARY FOR GOATS
Independent examiner's report to the trustees of BUTTERCUPS SANCTUARY FOR GOATS
I report to the charity trustees on my examination of the accounts of BUTTERCUPS SANCTUARY FOR GOATS (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FAIA which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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 accounts to be reached.
MR SYMON L ABUDEY FAIA Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF
27 January 2022
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BUTTERCUPS SANCTUARY FOR GOATS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 457,995 Other trading activities 3 16,131 Investment income 4 1 Total 474,127 EXPENDITURE ON Raising funds 5 227,102 Other 67,152 Total 294,254 NET INCOME 179,873 RECONCILIATION OF FUNDS Total funds brought forward 761,655 TOTAL FUNDS CARRIED FORWARD 941,528 |
Restricted fund £ - - - - - - - - 459 459 |
2021 Total funds £ 457,995 16,131 1 474,127 227,102 67,152 294,254 179,873 762,114 941,987 |
2020 Total funds £ 426,694 30,590 50 457,334 211,305 64,044 275,349 181,985 580,129 762,114 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
BUTTERCUPS SANCTUARY FOR GOATS
BALANCE SHEET
31 MARCH 2021
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Prepayments and accrued income Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 12 NET ASSETS FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 831,513 21,646 173,059 194,705 (7,919) 186,786 1,018,299 (76,771) 941,528 |
Restricted fund £ - - 459 459 - 459 459 - 459 |
2021 Total funds £ 831,513 21,646 173,518 195,164 (7,919) 187,245 1,018,758 (76,771) 941,987 941,528 459 941,987 |
2020 Total funds £ 837,123 8,321 47,568 55,889 (8,720) 47,169 884,292 (122,178) 762,114 761,655 459 762,114 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2022 and were signed on its behalf by:
S KING - Trustee
The notes form part of these financial statements
Page 5
BUTTERCUPS SANCTUARY FOR GOATS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery 25% on reducing balance Motor vehicles - 25% on reducing balance - Equipment 20% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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BUTTERCUPS SANCTUARY FOR GOATS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 2. DONATIONS AND LEGACIES Donations/Adoptions Gift & Charity Aid JRS Grant Collection Box Grants and Legacy Rental Income Grants received, included in the above, are as follows: Grants 3. OTHER TRADING ACTIVITIES Sale of Merchandise Catering 4. INVESTMENT INCOME Interest Received 5. RAISING FUNDS Raising donations and legacies Loss on sale of assets Support costs |
2021 £ 330,099 40,607 11,251 - 31,385 44,653 457,995 2021 £ 11,251 2021 £ 5,957 10,174 16,131 2021 £ 1 2021 £ 175 218,452 218,627 |
2020 £ 193,113 19,477 - 979 159,513 53,612 426,694 2020 £ - 2020 £ 11,677 18,913 30,590 2020 £ 50 2020 £ - 190,816 190,816 |
|---|---|---|
continued...
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BUTTERCUPS SANCTUARY FOR GOATS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
5. RAISING FUNDS - continued
Other trading activities
| 2021 £ Purchases 8,475 Aggregate amounts 227,102 SUPPORT COSTS Governance Management Finance costs £ £ £ Raising donations and legacies 209,898 6,514 2,040 |
2020 £ 20,489 211,305 Totals £ 218,452 |
|---|---|
6. SUPPORT COSTS
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
9.
| Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 426,694 Other trading activities 30,590 Investment income 50 Total 457,334 EXPENDITURE ON Raising funds 211,305 Other 64,044 Total 275,349 NET INCOME 181,985 |
2021 10 Restricted fund £ - - - - - - - - |
2020 10 Total funds £ 426,694 30,590 50 457,334 211,305 64,044 275,349 181,985 |
|---|---|---|
continued...
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BUTTERCUPS SANCTUARY FOR GOATS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ RECONCILIATION OF FUNDS Total funds brought forward 579,670 459 TOTAL FUNDS CARRIED FORWARD 761,655 459 10. TANGIBLE FIXED ASSETS Building Freehold Projects- property Facilities £ £ COST At 1 April 2020 813,693 20,683 Disposals - - At 31 March 2021 813,693 20,683 DEPRECIATION At 1 April 2020 - 20,622 Charge for year - 61 Eliminated on disposal - - At 31 March 2021 - 20,683 NET BOOK VALUE At 31 March 2021 813,693 - At 31 March 2020 813,693 61 Fixtures and Motor fittings vehicles Equipment £ £ £ COST At 1 April 2020 11,889 22,163 871 Disposals - (5,500) - At 31 March 2021 11,889 16,663 871 DEPRECIATION At 1 April 2020 7,683 9,491 806 Charge for year 631 3,124 13 Eliminated on disposal - (5,325) - At 31 March 2021 8,314 7,290 819 NET BOOK VALUE At 31 March 2021 3,575 9,373 52 At 31 March 2020 4,206 12,672 65 |
Total funds £ 580,129 762,114 Plant and machinery £ 37,693 - 37,693 31,267 1,606 - 32,873 4,820 6,426 Totals £ 906,992 (5,500) 901,492 69,869 5,435 (5,325) 69,979 831,513 837,123 |
|---|---|
continued...
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BUTTERCUPS SANCTUARY FOR GOATS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Social security and other taxes | (1,807) | 3,031 | ||
| Accruals | 3,917 | - | ||
| Accrued expenses | 5,809 | 5,689 | ||
| 7,919 | 8,720 | |||
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE | THAN ONE YEAR | ||
| Other loans (see note 13) | 2021 £ 76,771 |
2020 £ 122,178 |
||
| 13. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| Amounts falling due in more than five years: | 2021 £ |
2020 £ |
||
| Repayable by instalments: | ||||
| Account 56288042 | 76,771 | 122,178 | ||
| 14. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.20 £ |
Net movement in funds £ |
At 31.3.21 £ |
|
| General fund | 761,655 | 179,873 | 941,528 | |
| Restricted funds | ||||
| Building Development Fund | 459 | - | 459 | |
| TOTAL FUNDS | 762,114 | 179,873 | 941,987 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 474,127 | (294,254) | 179,873 | |
| TOTAL FUNDS | 474,127 | (294,254) | 179,873 | |
continued...
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BUTTERCUPS SANCTUARY FOR GOATS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.19 | in funds | 31.3.20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 579,670 |
181,985 | 761,655 |
| Restricted funds | ||
| Building Development Fund 459 |
- | 459 |
| TOTAL FUNDS 580,129 |
181,985 | 762,114 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming resources £ Unrestricted funds |
Resources expended £ |
Movement in funds £ |
| General fund 457,334 |
(275,349) | 181,985 |
| TOTAL FUNDS 457,334 |
(275,349) | 181,985 |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| At 1.4.19 £ Unrestricted funds |
Net movement in funds £ |
At 31.3.21 £ |
| General fund 579,670 |
361,858 | 941,528 |
| Restricted funds | ||
| Building Development Fund 459 |
- | 459 |
| TOTAL FUNDS 580,129 |
361,858 | 941,987 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are | ||
| as follows: | ||
| Incoming resources £ Unrestricted funds |
Resources expended £ |
Movement in funds £ |
| General fund 931,461 |
(569,603) | 361,858 |
| TOTAL FUNDS 931,461 |
(569,603) | 361,858 |
continued...
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BUTTERCUPS SANCTUARY FOR GOATS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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