2021-03-31-accounts - Miller's Ark

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED CHARITY NUMBER: 1105059

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

MILLER'S ARK

Martin and Company 25 St Thomas Street Winchester Hampshire SO23 9HJ

MILLER'S ARK

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
Page
Reference and Administrative Details 1
Report of the Trustees 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
----- End of picture text -----

MILLER'S ARK REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
TRUSTEES Mrs A T Duffitt
Mrs C G McCrae
Mrs H M Ellis
PRINCIPAL ADDRESS Fishers Cottage
Farnham Road
Odiham
Hook
RG29 1HR
REGISTERED CHARITY 1105059
NUMBER
INDEPENDENT EXAMINER Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
----- End of picture text -----

Page 1

MILLER'S ARK 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

The objective of the charity is to advance education and relieve sickness and distress for those with physical, mental or emotional disabilities.

Public benefit

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 and have referred to the guidance contained in the Charity Commission's general guidance on public benefit. The charity gives those suffering from physical, mental or emotional access to animals to help relieve sickness and distress through therapeutic interaction.

ACHIEVEMENT AND PERFORMANCE

The charity held a number of open days, hosted events for special needs support groups, welcomed residential home clients to the farm, offered educational and therapeutic sessions to clients of all ages and genders and promoted community bonding centred around the new kitchen/tea barn facilities.

The pandemic has continued to have a negative impact on the charity, but a very successful crowd funding campaign and the support from government grants have enabled the charity to meet its costs.

FINANCIAL REVIEW

Financial position

At 31st March 2021 the charity had net funds of £125,152.

Reserves policy

It is the policy of the Trustees to maintain the free reserves of the charity at a level to provide sufficient funds to cover management, administration and support costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The Trustees of the charity are listed on the information page. New Trustees may be appointed by the existing Trustees. In appointing a new Trustee the settlor or existing Trustees will take into account the benefits of appointing a person who is able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objectives or management of the charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 31 January 2022 and signed on its behalf by:

Mrs C G McCrae - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MILLER'S ARK

Independent examiner's report to the trustees of Miller's Ark

I report to the charity trustees on my examination of the accounts of Miller's Ark (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

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.

Lucy Dixon FCA Martin and Company 25 St Thomas Street Winchester Hampshire SO23 9HJ

31 January 2022

Page 3

MILLER'S ARK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

31.3.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 35,229 Other income 32,005 Total 67,234 EXPENDITURE ON Charitable activities 2 Charitable activities 60,618 NET INCOME/(EXPENDITURE) 6,616 RECONCILIATION OF FUNDS Total funds brought forward 118,536 TOTAL FUNDS CARRIED FORWARD 125,152	31.3.20 Total funds £ 24,442 - 24,442 52,981 (28,539) 147,075 118,536

The notes form part of these financial statements

Page 4

MILLER'S ARK

BALANCE SHEET 31 MARCH 2021

31.3.21
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
82,835
CURRENT ASSETS
Debtors
7
33,179
Cash at bank
10,934
44,113
CREDITORS
Amounts falling due within one year
8
(1,796)
NET CURRENT ASSETS
42,317
TOTAL ASSETS LESS CURRENT
LIABILITIES
125,152
NET ASSETS
125,152
FUNDS
9
Unrestricted funds
125,152
TOTAL FUNDS
125,152

31.3.20
Total
funds
£
88,263
21,096
13,194
34,290
(4,017)
30,273
118,536
118,536
118,536
118,536

The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2022 and were signed on its behalf by:

C G McCrae - Trustee

The notes form part of these financial statements

Page 5

MILLER'S ARK 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.

The financial statements have been prepared to give a 'true and fair' view and 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 Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK nad Republic of Ireland (FRS102) issued on 16th July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended practice effective from 1st April 2005 which has since been withdrawn.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

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.

Improvements to property - 10% straight line Kitchen equipment - 25% on reducing balance Animals - 10% straight line

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

All funds held by the charity are unrestricted general funds which can be used in accordance with the charitable objectives at the discretion of the Trustees.

continued...

Page 6

MILLER'S ARK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2. CHARITABLE ACTIVITIES COSTS

Charitable activities 3. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Advertising Rent Motor expenses Repairs and renewals Animal upkeep Depreciation 4. SUPPORT COSTS Management £ Charitable activities 1,910 Support costs, included in the above, are as follows: Management Office costs Sundries Bookkeeping	Direct Support Costs (see costs (see note 3) note 4) £ £ 56,871 3,747 31.3.21 £ 24,967 - 4,000 1,193 7,655 3,000 16,056 56,871 Governance Finance costs £ £ 709 1,128 31.3.21 Charitable activities £ 1,212 238 460 1,910	Totals £ 60,618 31.3.20 £ 24,265 230 4,000 942 1,858 - 15,850 47,145 Totals £ 3,747 31.3.20 Total activities £ 2,567 331 800 3,698

continued...

Page 7

MILLER'S ARK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

4. SUPPORT COSTS - continued Governance costs

----- Start of picture text -----
|||| |---|---|---| |31.3.21|31.3.20| |Charitable|Total| |activities|activities| |£|£| |Independent examiner's fees|1,128|1,260|

----- End of picture text -----

5. 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.

6. TANGIBLE FIXED ASSETS

----- Start of picture text -----
||||| |---|---|---|---| |Improvements| |to|Kitchen| |property|equipment|Animals| |£|£|£| |COST| |At 1 April 2020|93,868|14,599|11,000| |Additions|4,143|2,686|3,800| |At 31 March 2021|98,011|17,285|14,800| |DEPRECIATION| |At 1 April 2020|29,394|8,578|3,300| |Charge for year|9,801|2,177|1,480| |At 31 March 2021|39,195|10,755|4,780| |NET BOOK VALUE| |At 31 March 2021|58,816|6,530|10,020| |At 31 March 2020|64,474|6,021|7,700|

----- End of picture text -----

continued...

Page 8

MILLER'S ARK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6. TANGIBLE FIXED ASSETS - continued

Motor vehicles £ COST At 1 April 2020 15,000 Additions - At 31 March 2021 15,000 DEPRECIATION At 1 April 2020 5,906 Charge for year 2,274 At 31 March 2021 8,180 NET BOOK VALUE At 31 March 2021 6,820 At 31 March 2020 9,094 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 118,536 TOTAL FUNDS 118,536	Computer equipment £ 1,299 - 1,299 325 325 650 649 974 31.3.21 £ 33,179 31.3.21 £ 1,796 Net movement in funds £ 6,616 6,616	Totals £ 135,766 10,629 146,395 47,503 16,057 63,560 82,835 88,263 31.3.20 £ 21,096 31.3.20 £ 4,017 At 31.3.21 £ 125,152 125,152

continued...

Page 9

MILLER'S ARK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming resources £ Unrestricted funds General fund 67,234 TOTAL FUNDS 67,234 Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 147,075 TOTAL FUNDS 147,075 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 24,442 TOTAL FUNDS 24,442	Resources Movement expended in funds £ £ (60,618) 6,616 (60,618) 6,616 Net movement At in funds 31.3.20 £ £ (28,539) 118,536 (28,539) 118,536 Resources Movement expended in funds £ £ (52,981) (28,539) (52,981) (28,539)

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 10