**Company Number: 04806901 Charity Number: 1104787**
**Animal Krackers Limited (By Guarantee)**
**Unaudited Financial Statements For the Year Ended 31 August 2021**
**Animal Krackers Limited (By Guarantee)**
## **Unaudited Financial Statements**
## **Year Ended 31 August 2021**
|**Contents**|**Pages**|
|---|---|
|Legal and administrative information|**1**|
|Report of the trustees|**2 to 4**|
|Independent examiner’s report to the trustees|**5**|
|Unaudited statement of financial activities|**6**|
|Unaudited statement of financial position|**7**|
|Notes to the unaudited financial statements|**8 to 12**|
**Animal Krackers Limited (By Guarantee)**
## **Legal and administrative information**
|**The Board of Directors**|Andrea Parkin|
|---|---|
||Ian Robert Williams|
||Heather Fambely|
||Anne Downs|
||Susan Hardy|
||Heather Halkier|
||Sandra Johnson|
|**Company Secretary**|Susan Hardy|
|**Registered Office**|39 Windsor Terrace|
||Grangetown|
||Sunderland|
||SR2 9QF|
|**Independent Examiner**|Alison Henshaw FCCA|
||Torgersens|
||Chartered Accountants|
||Somerford Buildings|
||Norfolk Street|
||Sunderland|
||SR1 1EE|
|
**Bankers**|HSBC Bank plc|
||Unit 49 – 51 The Bridges Shopping Centre|
||Market Square|
||Sunderland|
||SR1 3LE|
||Santander UK plc|
||Bridle Road|
||Bootle|
||Merseyside|
||L30 4GB|
**- 1 -**
## **Animal Krackers Limited (By Guarantee)**
## **The Trustees' Report (Incorporating The Director’s Report)**
## **Year Ended 31 August 2021**
The trustees, who are also directors for the purposes of the Companies Act, have pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 31 August 2021.
## **Administration details**
Animal Krackers Limited is a registered charity (No. 1104787) and is a company limited by guarantee (Company No. 04806901).
The principal address and registered office of the charitable company is:
39 Windsor Terrace Grangetown Sunderland SR2 9QF
The trustees who served the charitable company during the year were:
Andrea Parkin Ian Robert Williams Heather Fambely Anne Downs Susan Hardy Heather Halkier Sandra Johnson
## **Structure, governance and management**
Animal Krackers Limited (by Guarantee), is a charitable, not for profit organisation, set up to relieve the suffering of animals in need of care and attention. It is governed by provisions of its Memorandum and Articles of Association.
Animal Krackers Limited (by Guarantee) has a Board of Management who are responsible for the strategic direction and policy of the charitable company. At present the committee has seven members from a variety of backgrounds relevant to the work of the charitable company.
The directors of the charitable company are also trustees for the purposes of charity law and under the charitable company’s Articles are known as members of the Board of Management. The trustees are appointed by the members of the charitable company at the annual general meeting. Except for the first meeting when all the trustees were required to stand for re-appointment, one third of the committee must stand for re-appointment every meeting.
## **Reserves policy**
The management committee have established a policy whereby the unrestricted funds, not committed or invested in tangible fixed assets, held at the charity, should be at least 12 months of the resources expended. At this level, the management committee feel that they would be able to continue the current activities in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced, or activities changed.
## **Risk analysis**
The trustees of the charitable company have conducted their own review of the major risks to which the charitable company is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent delivery for all operational aspects of the charitable company. These procedures are periodically reviewed in order to ensure that they still meet the needs of the charitable company.
## **Objects and activities**
The object of the charitable company, which has been accepted as a charitable object by the Charity Commissioners is to build a sanctuary for animals, and for the benefit of the public, to relieve the suffering of animals in need of care and attention and to advance the education of the public in matters pertaining to animal welfare in general.
**- 2 -**
## **Animal Krackers Limited (By Guarantee)**
## **The Trustees' Report (Incorporating The Director’s Report)**
## **Year Ended 31 August 2021**
The charitable company meets its objectives by providing a number of services, providing grants, donations, funding, material, and any other form of support as the trustees may from time to time determine. Grants and donations are made only to other organisations with similar objects or directly to veterinary surgeons when made on behalf of a particular animal.
## **Public benefit statement**
The trustees have had regard to the Charities Commission guidance on their legal duty on public benefit; and are satisfied that the charitable company delivers public benefit, and due regard is paid to the evidence on public benefit when deciding on what new projects the charity should undertake.
## **Achievements and performance**
The charity’s main source of income continued to be generated by its activities through a shop. The shop was run by volunteers throughout the year who received no remuneration. At the year end the charity has accumulated general reserves in excess of £387,000 and continues to work towards its long term goal of building an animal sanctuary.
During the current financial year, the shop suffered two periods of closure due to national and local lockdowns as a result of the COVID19 pandemic. The total closure period amounted to 16 weeks, in the previous financial year, the shop was shut for a total of 12 weeks. The shop was able to reopen permanently on 1 April 2021.
## **Financial Review**
The whole of the charitable company’s income has been applied to the principal activity of the charitable company. Shop and car boot sales for the year amounted to £32,245. The charity raised £108 through fund raising events. The charity also received unrestricted donations of £8,975, a Coronavirus business support grants of £14,780 and interest amounting to £29.
The total expenditure over the year amounted to £55,843.
This therefore increased net funds during the year by £294.
## **Plans for the future**
2021/2022 will see the continuance of the charitable company’s current projects. Despite the restrictions the charity has faced as a result of the Coronavirus lockdowns, the charity has continued to support people with vet bills and kennel costs and have had adequate funds to do so.
## **Responsibilities of the trustees**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare unaudited financial statements for each financial year. Under that law the trustees have elected to prepare the unaudited financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the unaudited financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the incoming and outgoing resources of the charitable company for that period. In preparing those unaudited financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the unaudited financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue its activities.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the unaudited financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**- 3 -**
## **Animal Krackers Limited (By Guarantee)**
## **The Trustees' Report (Incorporating The Director’s Report)**
## **Year Ended 31 August 2021**
## **Exemption statement**
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Signed by order of the board:
Ian Robert Williams Trustee
Date:
**- 4 -**
**Independent Examiner’s Report to the Trustees of**
## **Animal Krackers Limited (By Guarantee)**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Alison Henshaw FCCA Torgersens Chartered Accountants Somerford Buildings Norfolk Street Sunderland SR1 1EE
Date:
**- 5 -**
**Animal Krackers Limited (By Guarantee)**
## **Unaudited Statement of Financial Activities**
## **Year Ended 31 August 2021**
## **Income and Expenditure**
|**Unrestricted**
**Restricted**
**Notes**
**Funds**
**Funds**
**£**
**£**
**Incoming Resources**
Donations and Legacies:
Donations
8,975
-
Other Trading Activities
Charity shop and car boot sales
32,245
-
Fundraising events / projects
108
-
Income from Investments
Interest receivable
29
-
Other operating income
14,780
-
_______
________
**Total Incoming Resources**
56,137
-
**Resources Expended**
Expenditure on Charitable Activities:
Support costs
**2**
7,893
-
Management and administration costs
**3**
1,247
-
Animal welfare
**4**
27,998
-
Grants paid
**5**
18,705
-
Expenditure on Raising Funds:
Fundraising costs
-
-
________
_________
**Total Resources Expended**
55,843
_______-
**Net (Outgoing)/Incoming Resources before transfers**
294
-
**Gross transfers between funds**
**-**
**-**
_______
_______
**Net Movement in Funds**
294
-
**Fund Balance Brought Forward at 1 September 2020**
386,911
**-**
**________**
**_______**
**Fund Balance Carried Forward at 31 August 2021**
387,206
-|**Total**
**2021**
**£**
8,975
32,245
108
29
14,780
_______
56,137
7,893
1,247
27,998
18,705
-
________
55,843
294
**-**
_______
294
386,911
**_______**
387,206|Total
2020
£
66,639
39,504
1,151
696
10,030
_______
118,020
6,189
1,162
28,472
23,485
-
_______
59,308
58,712
**-**
_______
58,712
328,199
**_______**
386,911|
|---|---|---|
**The notes on pages 8 to 12 form part of these unaudited financial statements.**
**- 6 -**
## **Animal Krackers Limited (By Guarantee)**
## **Unaudited Statement of Financial Position**
## **as at 31 August 2021**
|**as at 31 August 2021**|||||
|---|---|---|---|---|
||**Note**||**2021**|2020|
|||**£**|**£**|£|
|**Fixed Assets**|||||
|Tangible assets|**10**||84,125|85,939|
|**Current Assets**|||||
|Debtors|**12**|2,009||2,711|
|Cash at bank and in hand||302,902||301,221|
|||-----------------------------------||----------------------------------|
|||304,911||303,932|
|**Creditors: amounts falling due within**|||||
|**one year**|**13**|(1,830)||(2,960)|
|||------------------------------||----------------------------------|
|**Net Current Assets**|||303,081|330,972|
||||------------------------------|---------------------------------|
|**Net Assets**|||387,206|386,911|
||||======================**-**======|======= ========================|
|**Reserves**|**15**||||
|Unrestricted funds|||387,206|386,911|
||||-------------------------------|---------------------------------|
|**Members' Funds**|||387,206|386,911|
||||=============================|===============================|
For the year ended 31 August 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities;
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Andrea Parkin Trustee
Company number 04806901
**The notes on pages 8 to 12 form part of these unaudited financial statements.**
**- 7 -**
## **Animal Krackers Limited (By Guarantee)**
## **Notes to the Unaudited Financial Statements**
## **Year Ended 31 August 2021**
_______________________________________________________________________________________________________________________________________________________
## **1. Accounting Policies**
## _**Basis of Accounting**_
These unaudited financial statements have been prepared under the historical cost convention and in accordance with:
- i) the Statement of Recommended Practice: Accounting reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued in January 2015 (SORP 2015).
- ii) the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
- iii) the Charities Act 2011
The unaudited financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these unaudited financial statements are rounded to the nearest £.
## _**Incoming resources**_
All income is recognised once the charity has entitlement of the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations and grants are recognised when the Trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Charity shop sales are accounted for in the year in which the donated goods are sold. The goods are valued at their sale proceeds.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## _**Resources expended**_
All expenditure is accounted for on an accruals basis when the liability is incurred.
## _**Grants payable**_
Grants payable are in line with charitable company’s objects and activities. Grants and donations are made only to other organisations with similar objects or directly to veterinary surgeons when made on behalf of a particular animal. Grants are charged in the year the trustees authorise payment.
## _**Fixed assets**_
All fixed assets are initially recorded at cost. Fixed assets are stated at cost less accumulated depreciation.
**- 8 -**
## **Animal Krackers Limited (By Guarantee)**
## **Notes to the Unaudited Financial Statements**
## **Year Ended 31 August 2021**
_______________________________________________________________________________________________________________________________________________________
**1. Accounting Policies** _**(continued)**_
## _**Depreciation**_
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings 2% straight line Fixtures and fittings 10% straight line Computer equipment 33 1/3% straight line Motor vehicles 20% straight line
## _**Fund Accounting**_
Funds held by the charitable company are either:
- _Unrestricted general funds -_ these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- _Designated funds_ - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
- _Restricted funds_ – these are funds that can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **2. Support costs**
|**Unrestricted**
**Restricted**
**£**
**£**
Sundries
96
-
Light, heat and water
698
-
Repairs and renewals
958
-
Insurance
655
-
Rent/rates
20
-
Depreciation
2,144
-
Telephone
212
-
Website costs
200
Printing, postage & stationery
-
-
Motor expenses
2,911
-
(Gain)/Loss on disposal of
tangible assets
-
______
-
______
_
7,893
-
**Management and administration costs**
**Unrestricted**
**Restricted**
**£**
**£**
Accountancy
1,247
-
_____
_____
1,247
-|**Total Unrestricted**
**Total**
**2021**
**2020**
**£**
**£**
96
612
698
860
958
942
655
595
20
240
2,144
2,111
212
285
200
-
37
2,911
3,389
-
_____
(2,882)
______
7,893
6,189
**Total Unrestricted**
**Total**
**2021**
**2020**
**£**
**£**
1,247
1,162
_____
_____
1,247
1,162|
|---|---|
## **3. Management and administration costs**
**- 9 -**
## **Animal Krackers Limited (By Guarantee)**
## **Notes to the Unaudited Financial Statements**
## **Year ended 31 August 2021**
_______________________________________________________________________________________________________________________________________________________
## **4. Animal Welfare**
|**Unrestricted**
**Restricted**
**£**
**£**
Boarding kennels and cattery
27,998
-
**5.**
**Grants paid**
**Unrestricted**
**Restricted**
**£**
**£**
Veterinary fees
18,705
-
Donation to animal sanctuary
-
-
_____
_____
18,705
-|**Total**
**Unrestricted**
**Total**
**2021**
**2020**
**£**
**£**
27,998
28,472
**Total**
**Unrestricted**
**Total**
**2021**
**2020**
**£**
**£**
18,705
17,485
-
6,000
_____
______
18,705
23,485|
|---|---|
## **6. Wages & Salaries**
The shop was run by volunteers throughout the year who received no remuneration during the current and previous year.
## **7. Trustees’ Remuneration and Key Management Personnel**
The trustees and Key Management Personnel received no remuneration or expenses during the current and previous year.
## **8. Related party transaction**
There are no related party transactions during the current or previous year.
## **9. Corporation tax**
The charitable company is exempt from taxation under Section 505 of the Income and Corporation Taxes Act 1988.
## **10. Tangible Fixed Assets**
|**Tangible Fixed Assets**||||||
|---|---|---|---|---|---|
|||**Fixtures,**||||
||**Motor**|**fittings &**|
**Freehold land**|||
||**vehicles**|**equipment**||**& buildings**|**Total**|
|**Cost**||||||
|**At 1 September 2020**|8,500|5,043||100,352|113,895|
|Additions|-|330||-|330|
|Disposals|-|-||-|-|
||______|______||______|______|
|**At 31 August 2021**|8,500|5,373||100,352|114,225|
||==========================|======== ==================||==========================|==========================|
|**Depreciation**||||||
|**At 1 September 2020**|8,499|4,334||15,123|27,956|
|Charge for year|-|137||2,007|2,144|
|Depreciation on disposal|-||-|-|-|
||----------------------------|----------------------------||----------------------------|----------------------------|
|**At 31 August 2021**|8,499|
4,471||17,130|30,100|
||=================== ======|==========================||==========================|==========================|
|**Net Book Value**||||||
|**At 31 August 2021**|1|902||83,222|84,125|
||==========================|==========================||==========================|==========================|
|At 31 August 2020|1|709||85,229|85,939|
||==========================|==========================||==========================|==========================|
**- 10 -**
## **Animal Krackers Limited (By Guarantee)**
## **Notes to the Unaudited Financial Statements**
## **Year Ended 31 August 2021**
_______________________________________________________________________________________________________________________________________________________
## **11. Stock**
Stock of donated goods valued at £nil at the balance sheet date has an estimated net realisable value of £nil.
## **12. Debtors**
|**12.**|**Debtors**|||||
|---|---|---|---|---|---|
|||||**2021**|2020|
|||||**£**|£|
||VAT refund|||584|1,403|
||Prepayments and accrued income|||1,425|1,308|
|||||----------------------------|-----------------------|
|||||2,009|2,711|
|||||==========================|=======================-|
|**13.**|**Creditors:** **amounts falling due within one year**|||||
|||||**2021**|2020|
|||||**£**|£|
||Other creditors|||1,830|2,960|
|||||=======================|=======================|
|**14.**|**Analysis of net assets between funds**|||||
|||**Restricted**|**General**|**Designated**|**Total Funds**|
|||**Reserves**|**Reserves**|**Reserves**|**2021**|
|||**£**|**£**|**£**|**£**|
||Tangible fixed assets|-|-|84,125|84,125|
||Current assets|-|304,911|-|304,911|
||Current liabilities|-|(1,830)|-|(1,830)|
|||---------------------------|--------------------------------|--------------------------------|--------------------------------|
||**Net assets at 31 August 2021**||303,081|84,125|387,206|
|||==========================|================================|==============================|===============================|
||**Analysis of net assets between funds – prior year**|||||
|||**Restricted**|**General**|**Designated**|**Total Funds**|
|||**Reserves**|**Reserves**|**Reserves**|**2020**|
|||**£**|**£**|**£**|**£**|
||Tangible fixed assets|-|-|85,939|85,939|
||Current assets|-|303,932|-|303,932|
||Current liabilities|-|(2,960)|-|(2,960)|
|||---------------------------|--------------------------------|--------------------------------|--------------------------------|
||**Net assets at 31 August 2020**||300,972|85,939|386,911|
|||==========================|================================|==============================|===============================|
**- 11 -**
## **Animal Krackers Limited (By Guarantee)**
## **Notes to the Unaudited Financial Statements**
## **Year Ended 31 August 2021**
_______________________________________________________________________________________________________________________________________________________
## **15. Reserves**
||**Balance**||||**Balance**|
|---|---|---|---|---|---|
||**@ 1.9.20**|**Income**|**Expenditure**|**Transfers**|**@ 31.8.21**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted reserves**||||||
|Designated reserves||||||
|Capital fund|85,939|-|(2,144)|330|84,125|
|General funds||||||
|Accumulated surplus|300,972|56,137|(53,699)|(330)|303,081|
||_______|_______|______|_______|_______|
|Total unrestricted funds|386,911|56,137|(55,843)|-|387,206|
||============================|===============================|============================|===============================|================================|
|**Restricted Reserves**|**-**|**-**|**-**|**-**|**-**|
||**Balance**||||**Balance**|
||**@ 1.9.19**|**Income**|**Expenditure**|**Transfers**|**@ 31.8.20**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted reserves**||||||
|Designated reserves||||||
|Capital fund|87,801|-|(2,112)|250|85,939|
|General funds||||||
|Accumulated surplus|240,398|118,020|(57,196)|(250)|300,972|
||_______|_______|______|_______|_______|
|Total unrestricted funds|328,199|118,020|(59,308)|-|386,911|
||============================|===============================|============================|===============================|================================|
|**Restricted Reserves**|**-**|**-**|**-**|**-**|**-**|
The Capital Fund represents the net book value of tangible fixed assets owned by the charitable company. The fund is charged with depreciation on an annual basis. The transfer in the current year reflects the expenditure during the year on new shelving for the shop financed from general reserve funds.
The Accumulated Surplus is available for the charitable company to use for the purposes of the charitable company without restriction.
## **16. Company Limited By Guarantee**
The charitable company is limited by guarantee in that every member undertakes to contribute such amounts as may be required in the event of the charitable company being wound-up, for the payments of the debts, liabilities and the cost of winding up not exceeding £1 per member.
**- 12 -**