**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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 Page 3 **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... Page 6 **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... Page 7 **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... Page 8 **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... Page 9 **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... Page 10 **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... Page 11 **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. Page 12