2022-03-31-accounts - Miller's Ark

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REGISTERED CHARITY NUMBER: 1105059

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 2022

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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
Detailed Statement of Financial Activities 11
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MILLER'S ARK REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022

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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
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Page 1

MILLER'S ARK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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.

FINANCIAL REVIEW

Financial position

At 31st March 2022 the charity had net funds of £103,810.

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 9 December 2022 and signed on its behalf by:

Mrs C G McCrae - Trustee

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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 2022.

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

12 December 2022

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MILLER'S ARK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

31.3.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 29,698 Other income 2,931 Total 32,629 EXPENDITURE ON Charitable activities 2 Charitable activities 53,971 NET INCOME/(EXPENDITURE) (21,342) RECONCILIATION OF FUNDS Total funds brought forward 125,152 TOTAL FUNDS CARRIED FORWARD 103,810	31.3.21 Total funds £ 35,229 32,005 67,234 60,618 6,616 118,536 125,152

The notes form part of these financial statements

Page 4

MILLER'S ARK

BALANCE SHEET 31 MARCH 2022

31.3.22
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
67,892
CURRENT ASSETS
Debtors
7
30,907
Cash at bank and in hand
8,786
39,693
CREDITORS
Amounts falling due within one year
8
(3,775)
NET CURRENT ASSETS
35,918
TOTAL ASSETS LESS CURRENT
LIABILITIES
103,810
NET ASSETS
103,810
FUNDS
9
Unrestricted funds
103,810
TOTAL FUNDS
103,810

31.3.21
Total
funds
£
82,835
33,179
10,934
44,113
(1,796)
42,317
125,152
125,152
125,152
125,152

The financial statements were approved by the Board of Trustees and authorised for issue on 9 December 2022 and were signed on its behalf by:

C G McCrae - Trustee

The notes form part of these financial statements

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MILLER'S ARK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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.

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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MILLER'S ARK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

2. CHARITABLE ACTIVITIES COSTS

Charitable activities 3. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Rent Motor expenses Repairs and renewals Animal upkeep Open day costs Depreciation 4. SUPPORT COSTS Management £ Charitable activities 3,355 Support costs, included in the above, are as follows: Management Office costs Sundries Bookkeeping	Direct Support Costs (see costs (see note 3) note 4) £ £ 48,463 5,508 31.3.22 £ 23,110 4,000 340 3,026 3,000 43 14,944 48,463 Governance Finance costs £ £ 833 1,320 31.3.22 Charitable activities £ 3,069 - 286 3,355	Totals £ 53,971 31.3.21 £ 24,967 4,000 1,193 7,655 3,000 - 16,056 56,871 Totals £ 5,508 31.3.21 Total activities £ 1,212 238 460 1,910

continued...

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MILLER'S ARK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

4. SUPPORT COSTS - continued Governance costs

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|||| |---|---|---| |31.3.22|31.3.21| |Charitable|Total| |activities|activities| |£|£| |Independent examiner's fees|1,320|1,128|

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5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

6. TANGIBLE FIXED ASSETS

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||||| |---|---|---|---| |Improvements| |to|Kitchen| |property|equipment|Animals| |£|£|£| |COST| |At 1 April 2021 and 31 March 2022|98,011|17,285|14,800| |DEPRECIATION| |At 1 April 2021|39,195|10,755|4,780| |Charge for year|9,801|1,632|1,480| |At 31 March 2022|48,996|12,387|6,260| |NET BOOK VALUE| |At 31 March 2022|49,015|4,898|8,540| |At 31 March 2021|58,816|6,530|10,020| |Motor|Computer| |vehicles|equipment|Totals| |£|£|£| |COST| |At 1 April 2021 and 31 March 2022|15,000|1,299|146,395| |DEPRECIATION| |At 1 April 2021|8,180|650|63,560| |Charge for year|1,705|325|14,943| |At 31 March 2022|9,885|975|78,503| |NET BOOK VALUE| |At 31 March 2022|5,115|324|67,892| |At 31 March 2021|6,820|649|82,835|

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continued...

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MILLER'S ARK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

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7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Other debtors 30,907 33,179
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Other creditors 3,775 1,796
9. MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 125,152 (21,342) 103,810
TOTAL FUNDS 125,152 (21,342) 103,810
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 32,629 (53,971) (21,342)
TOTAL FUNDS 32,629 (53,971) (21,342)
Comparatives for movement in funds
Net
movement At
At 1.4.20 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 118,536 6,616 125,152
TOTAL FUNDS 118,536 6,616 125,152
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continued...

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MILLER'S ARK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund	Incoming Resources resources expended £ £ 67,234 (60,618)	Movement in funds £ 6,616
TOTAL FUNDS	67,234 (60,618)	6,616

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

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MILLER'S ARK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS Donations and legacies Donations Other income Furlough receipts Covid-19 grants	31.3.22 31.3.21 £ £ 29,698 35,229 264 11,297 2,667 20,708
	2,931 32,005
Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rent Motor expenses Repairs and renewals Animal upkeep Open day costs Plant and machinery depreciation	32,629 67,234 22,048 24,967 1,062 - 4,000 4,000 340 1,193 3,026 7,655 3,000 3,000 43 - 14,944 16,056
Support costs Management Office costs Sundries Bookkeeping	48,463 56,871 3,069 1,212 - 238 286 460
Finance Bank charges Governance costs Independent examiner's fees	3,355 1,910 833 709 1,320 1,128
Total resources expended	53,971 60,618
Net (expenditure)/income	(21,342) 6,616

This page does not form part of the statutory financial statements

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