COMPANY REGISTRATION NUMBER 05296745
WORLD OWL TRUST
FINANCIAL STATEMENTS
31 MARCH 2021
Charity Number 1107529
SAINT & CO
Chartered Accountants 12/13 Church Street Whitehaven Cumbria CA28 7AY
WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
| CONTENTS | PAGE |
|---|---|
| Trustees Annual Report | 1 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities (incorporating the | |
| Income and Expenditure account) | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 11 |
WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
The Trustees, who are also directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2021.
CHAIRMAN’S REPORT
Never did we imagine that when the Prime minister gave his first lockdown announcement that we would still be dealing with Covid and Lockdowns 12 months on and yet here we are.
The staff of the Trust have dealt with things admirably, accepting furlough where possible and launching a Just Giving Page to encourage fundraising online. We presented weekly live webinars during the summer looking at Owl species and promoting the new WOT’s App.
The launch of the app went ahead at the end of April 2020 but has not given us the up take of new members joining or long-standing members taking up the chance to purchase it that was hoped for. The data from the app however, has allowed us to start contributing to the National Biodiversity network figures on a broader level.
During October much of the Aviary infra structure and Owl collection was moved from Rodbaston College to our home at Kirkby Thore in Cumbria after the management of the College wanted a change in the Collection structure and a reduction in the number of Owls they were housing.
In November we received our biggest personal blow when Tony Warburton our long-standing President and founder of the Trust stood down, we are pleased to add that he is remaining a member along with Kevan Palmer who has stepped down as Chair due to pressures of work and the year in general, as have Ann Ingham and Lu Barton. We wish them all well in their continuing ventures elsewhere.
I am happy to report that things haven’t been all bad and that we are getting back to visiting Schools and have also managed some breeding successes, with amongst others, Great Grey Owls that were thought to be too old to breed. Our Geriatric female Western Screech Owl also produced young, allowing us to start refreshing the collection gradually. This has been boosted with the donations of Birds from the Scottish Owl Centre which we are now looking to pair up to further develop our Genetic stock.
At the end of this financial year we are still in lockdown and the future is just as uncertain as the end of the last financial year, with vaccines and politicians promising a road map out but with new more infectious variants of Covid appearing. Life is getting back to some normality though, what ever that is and there is an amount of positivity in the air. We will take that and focus on it, working round the problems we still face rather than colliding with them.
Thanks must go to everyone who has had involvement in the Trust this year, from Staff and Members to Trustees who have kept going regardless of Restrictions and increased pressures, as ever the Trust is eternally grateful.
Jacinta Cooper Acting Chair
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
OBJECTIVES AND ACTIVITIES
The charity's objectives are the conservation and protection of wildlife, in particular owls and their habitat, the education of the public regarding owls and the relief of sick and injured wildlife, in particular owls.
The policies adopted in furtherance of these objectives are running conservation programmes in the UK and overseas and the breeding, display, welfare and promotion of owls at the World Owl Centre and other venues. There has been no change in these during the period.
The Trust relies on a dedicated team of volunteers. We are grateful for their help at the Centre assisting the Keeping Staff, in the Office and also in the field. Volunteers have many skills to offer and these are invaluable to the Trust from the preparation of our annual accounts and website hosting, to fundraising at events and nest box building. The Trust thanks all volunteers for their tireless work and commitment.
We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular Trustees consider our planned activities will contribute to the aims and objectives they have set.
ACHIEVEMENTS AND PERFORMANCE
The negotiations with Appleby Castle came to nothing when the management there refused anything other than a 5-year licence. This was not suitable for the amount of investment the project would have required so the Trust is still looking for a permanent home for the Owl collection. This lack of a Centre still hampers our ambitions for Owl conservation and Education and is something we are still working to rectify.
Covid struck at the start of the financial year and severely hampered our activities. With Volunteers and Trustees shielding and the college closed there was no way to generate any income or chance to sign up new members from Rodbaston College. Even when the Animal Zone re opened there was a dynamic shift with visitors no longer carrying cash. This has resulted in very little income over the course of the year from what would normally be a fairly good source.
The Just Giving page that was set up at the start of the pandemic has filled some of the short fall from Rodbaston with the online “lives” sign posting people to donate. These ran for the duration of the first Lockdown.
With the change in management at Rodbaston and the movement of Owls to Whiteacres there is still the opportunity for Members to access the collection and learn more about our work and there have been Members take up that offer over the course of the year.
The WOT’s app was launched in April 2020, this app is designed to allow members to log their British Owl sightings with location and behaviour notes. We would have preferred to wait until we knew what was happening with lockdowns and the pandemic, however the app developer was keen to make back costs they had incurred during the development process and didn’t want to delay the launch. There has been a slight uptake in new members from the app, but it has been very difficult to promote it without face to face contact over the course of the year.
Even Raju out in Nepal has had to admit defeat this year and cancelled the Nepal Owl festival due to be held in the February of 2021.
Staff on Furlough has kept finances steadier than they would have been, without furlough grants
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
received the bottom line would have been close to what it was in the previous year – so not all doom and gloom. However, it has meant that progress has naturally been delayed with me being furloughed. Thanks must go to my family who have pitched in to ensure that Owls remain housed and cared for with no outside staff or volunteers to help with even the youngest members of the family getting involved at the age of 4.
Thank you all for your continued support and here’s to a better 2022.
Richard Cooper CEO
FINANCIAL REVIEW
The Statement of Financial Activities (incorporating the Income and Expenditure Account) shows a deficit for the year of £16,721 (2020 deficit £41,346). Income for the year increased by £32,377 to £114,076 (2020 £81,699), while costs increased by £7,752 to £130,797 (2020: £123,045). The main reason for the significant increased in income was the Trustee’s taking full advantage of the government grants and furlough scheme available during the pandemic. There has been measures put in place to control costs during the year. Part of the collection has generously been housed and managed (at their own expense) by other collections and individuals but the collection has continued to gradually be re-grouped and housed at Whiteacres, mostly in new re-usable aviaries.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. We still currently have reserves considerably in excess of this policy as we work to develop a new World Owl Centre.
PLANS FOR FUTURE PERIODS
As stated above, the Trust has been gradually consolidating the collection at Whiteacres as a breeding centre. We will continue to work in partnership with other owl conservation groups, NGO’s and breeding centres on new conservation initiatives, but as stated above, it may be that for the time being at least, our financial commitment will have to be more restricted than in the past. The Trust is making every possible endeavour to find a new home for the World Owl Centre and is currently awaiting responses to submitted proposals; although progress with these responses has been hampered significantly by the pandemic.
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name World Owl Trust Charity registration number 1107529 Company registration number 05296745 Principal office World Owl Trust Millstones Bootle Millom Cumbria LA19 5TJ Registered office World Owl Trust Millstones Bootle Millom Cumbria LA19 5TJ
THE TRUSTEES
The Trustees who served the company during the period were as follows:
Tony Warburton, MBE Hon. President Kevan Palmer Chair Ann Ingham Vice Chair Mike Fielder Hon. Treasurer Jacinta Cooper Ivan Ellis Alan Peace Darryl Atkinson Lu Barton Trustees who stepped down during year: Tony Warburton, MBE resigned 23/11/2020 Kevan Palmer resigned 23/11/2020 Ann Ingham resigned 16/01/2021 Lu Barton resigned 03/11/2020
Chief Executive Officer
Chief Executive Officer Richard Cooper Independent Examiners Saint & Co Chartered Accountants 12/13 Church Street Whitehaven Cumbria CA28 7AY Bankers National Westminster Bank plc 71 Lowther Street Whitehaven Cumbria CA28 7AG Solicitors Cartmell Shepherd Viaduct House Carlisle Cumbria CA3 8EZ
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is a Company Limited by Guarantee and is governed by its Memorandum and Articles of Association. It is managed by the Board of Trustees who meet bi-monthly. The day to day management is delegated to the Chief Executive. All the Trustees are members of the Company and guarantee to contribute £1 in the event of a winding up.
The Trust seeks to maintain a balance of Trustees with the appropriate knowledge and experience. Applications may be received or the existing Trustees may approach potential applicants and they may be co-opted during the year to attend Trustee meetings and their appointments will be put before members at the Annual General Meeting. Trustees are encouraged to attend relevant courses to keep up to date with current developments.
The Trust works with other Conservation NGO’s and private individuals including the Zoological Genetics Unit of the Royal Zoological Society of Scotland (DNA analysis); Friends of Nature Nepal; Houston Nature Centre, Minnesota; Natural England; United Utilities; RSPB; The Conservation Partnership; Global Owl Project; Hawk & Owl Trust; Cumbria Wildlife Trust; Carlisle City Council; Cumbria Tourism; Cumbria Environmental Waste Management; Ministry of Defence; Forestry Commission; Lune Rivers Trust; Denton Woodcraft; Lake District National Park.
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
RESPONSIBILITIES OF THE TRUSTEES
The Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparing these 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 financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINERS
Ian Scott, BA (Hons) FCA DChA, Saint & Co, as Independent Examiner is deemed to be reappointed.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
PAY POLICY FOR SENIOR STAFF
The Trustees consider the Board of Trustees and the chief executive as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All Trustees give of their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in note 14 to the accounts. Senior staff are remunerated in accordance with salaries representative of the charities size and sector.
Registered office:
World Owl Trust Millstones Bootle Millom Cumbria LA19 5TJ
Signed by order of the Trustees Jacinta Cooper (Acting Chair)
Trustee Date:
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FINANCIAL STATEMENTS
WORLD OWL TRUST
YEAR ENDED 31 MARCH 2021
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE WORLD OWL TRUST
I report on the accounts of the charity for the year ended 31 March 2021 set out on pages 8 to 17.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER
The Trustees (who are also the directors of World Owl Trust for the purposes of company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view'.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name of principal: Mr. Ian Scott BA (Hons) FCA DChA
Name of firm: Saint & Co.
Relevant professional qualification: Institute of Chartered Accountants in England and Wales
Address: 12/13 Church Street, Whitehaven, Cumbria. CA28 7AY
Date:
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2021
| Unrestricted | Restricted |
Total Funds |
Total Funds |
||
|---|---|---|---|---|---|
| Funds | Funds |
2021 |
2020 |
||
| Note | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM: | |||||
| Donations and legacies | 4 | 66,292 | - | 66,292 | 29,125 |
| Activities for generating funds | 5 | 1,877 | - | 1,877 | 0 |
| Investment income | 6 | 140 | - | 140 | 236 |
| Charitable activities | 7 | 44,218 | - | 44,218 | 47,571 |
| Other income | 8 | 1,549 | - | 1,549 | 4,767 |
| ────────── | ─────── | ────────── | ────────── | ||
| TOTAL INCOME AND ENDOWMENTS | 114,076 | - | 114,076 | 81,699 | |
| ────────── | ─────── | ────────── | ────────── | ||
| EXPENDITURE ON: | |||||
| Generating funds | |||||
| Generating voluntary income | 9 | (1,572) | - | (1,572) | (2,410) |
| Charitable activities | 10/11 | (129,225) | - | (129,225) | (120,635) |
| ────────── | ─────── | ────────── | ────────── | ||
| TOTAL EXPENDITURE | (130,797) | - | (130,797) | (123,045) | |
| ────────── | ─────── | ────────── | ────────── | ||
| NET INCOME/(EXPENDITURE) | 11 | (16,721) | - | (16,721) | (41,346) |
| Transfer between funds | 12 | - | - | - | - |
| ───────── | ─────── | ───────── | ───────── | ||
| NET MOVEMENT IN FUNDS | (16,721) | - | (16,721) | (41,346) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 163,860 | - | 163,860 | 205,206 | |
| ────────── | ─────── | ────────── | ────────── | ||
| TOTAL FUNDS CARRIED FORWARD | 147,139 | - | 147,139 | 163,860 |
═══════ ═════ ═══════ ═══════
The Statement of Financial Activities includes all gains and losses in the year, and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities.
The notes on pages 11 to 17 form part of these financial statements
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
BALANCE SHEET
| 2021 | 2021 | 2020 | ||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| FIXED ASSETS | ||||
| Tangible assets | 15 | 7,198 | 11,407 | |
| ──────── | ──────── | |||
| 7,198 | 11,407 | |||
| CURRENT ASSETS | ||||
| Stocks | 16 | 2,897 | 2,510 | |
| Debtors and prepayments | 17 | 2,528 | 3,501 | |
| Cash at bank and in hand | 136,476 | 149,284 | ||
| ───────── | ───────── | |||
| 141,901 | 155,295 | |||
| CREDITORS: Amounts falling due within one year | 18 | (1,960) | (2,842) | |
| ───────── | ───────── | |||
| NET CURRENT ASSETS | 139,941 | 152,453 | ||
| ───────── | ───────── | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 147,139 | 163,860 | ||
| ───────── | ───────── | |||
| NET ASSETS | 147,139 | 163,860 | ||
| ══════ | ══════ | |||
| FUNDS | ||||
| Unrestricted income funds | 19 | 147,139 | 163,860 | |
| ──────── | ──────── | |||
| TOTAL FUNDS | 147,139 | 163,860 | ||
| ══════ | ══════ |
For the year ending 31 March 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.
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
These financial statements were approved by the members of the committee and are signed on their behalf by:
Jacinta Cooper Director
Date:
Company Registration Number: 05296745
The notes on pages 11 to 17 form part of these financial statements
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
1. GENERAL INFORMATION
- The charity is a private company limited by guarantee, registered with England and Wales and a registered charity in England and Wales. The address of the registered office is Millstones, Bootle, Millom, Cumbria, LA19 5TJ.
2. STATEMENT OF COMPLIANCE
- These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity. The charity meets the definition of a public benefit entity under FRS102.
Disclosure exemptions
The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102: (a) Disclosures in respect of each class of share capital have not been presented.
(b) No cash flow statement has been presented for the company.
(c) Disclosures in respect of financial instruments have not been presented.
- (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
The directors consider there were no significant judgements in preparing the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The directors consider there are no key sources of estimation uncertainty.
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
Grants
Grants are recognised upon entitlement to receipt and where the amount can be measured with reasonable certainty, unless they relate to specific future expenditure, in which case they are deferred and matched against those future costs.
Resources expended
Charitable activities includes all costs relating to activities where the primary aim is part of the objects of the Trust along with an apportionment of support costs including office staff and non specific office overheads. Governance costs include the costs for arranging the general meeting, audit fees and the balance of support costs. All expenditure is accounted for on an accruals basis and includes irrecoverable VAT.
Funds
Restricted funds represent grants and other income received which the donor has specified should only be expended for specific purposes. Unrestricted funds are all other funds held by the Trust which currently comprises the general fund. Designated funds are unrestricted funds set aside by the Trustees for particular projects.
Amortisation
Amortisation 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. No amortisation is provided on the right to occupy.
Fixed assets
All fixed assets are initially recorded at cost.
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:
Fixtures & Fittings - 33.33% on a reducing balance basis Owl Collection - No depreciation provided on the collection, which is continuously upgraded
Stocks
Stocks are valued at the lower of cost and net realisable value.
4. VOLUNTARY INCOME
| VOLUNTARY INCOME | |||
|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| Donations | 15,107 | 15,107 | 24,125 |
| Legacies | - | - | 5,000 |
| Disposal of Assets | (248) | (248) | - |
| Grants receivable | |||
| Covid 19 Grant | 19,669 | 19,669 | - |
| HM Revenue and Customs Furlough support | 31,764 | 31,764 | - |
| ──────── | ──────── | ──────── | |
| 66,292 | 66,292 | 29,125 | |
| ══════ | ══════ | ══════ |
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
5. INCOME FROM ACTIVITIES FOR GENERATING FUNDS
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| £ | £ | £ | ||
| Fundraising events (Facebook – Strange Times) | 1,877 | 1,877 | - | |
| ──────── | ──────── | ─────── | ||
| 1,877 | 1,877 | 0 | ||
| ══════ | ══════ | ═════ | ||
| 6. | INVESTMENT INCOME | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2021 | 2020 | ||
| £ | £ | £ | ||
| Bank interest receivable | 140 | 140 | 236 | |
| ═════ | ═════ | ═════ | ||
| 7. | INCOME FROM CHARITABLE ACTIVITIES | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2021 | 2020 | ||
| £ | £ | £ | ||
| Memberships | 21,996 | 21,996 | 22,809 | |
| Owl Adoptions | 13,748 | 13,748 | 14,204 | |
| Gift Aid | 8,474 | 8,474 | 10,558 | |
| ──────── | ──────── | ──────── | ||
| 44,218 | **44,218 ** | 47,571 | ||
| ══════ | ══════ | ══════ | ||
| 8. | OTHER INCOME | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2021 | 2020 | ||
| £ | £ | £ | ||
| Sundry Income | 1,549 | 1,549 | 4,767 | |
| ═════ | ═════ | ══════ | ||
| 9. | EXPENDITURE ON RAISING FUNDS | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2021 | 2020 | ||
| £ | £ | £ | ||
| Fundraising Costs | 1,572 | 1,572 | 2,410 | |
| ═════ | ═════ | ══════ |
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
10. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| Owl Centre & General Conservation | 11,410 | 11,410 | 12,034 |
| Support costs | 115,041 | 115,041 | 105,378 |
| Governance costs | 2,774 | 2,774 | 3,223 |
| ──────── | ──────── | ──────── | |
| 129,225 | 129,225 | 120,635 | |
| ══════ | ══════ | ═══════ |
11. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| Activities undertaken directly | 11,410 | 11,410 | 11,834 |
| Grant funding activities | - | - | 200 |
| Support Costs – Salaries & Wages | 93,005 | 93,005 | 73,512 |
| Support Costs – Premises Costs | 17,237 | 17,237 | 19,590 |
| Support Costs – General Office | 6,179 | 6,179 | 13,983 |
| Governance | 1,394 | 1,394 | 1,516 |
| ─────── | ─────── | ─────── | |
| 129,225 | 129,225 | 120,635 | |
| ═════ | ═════ | ══════ |
12. NET (OUTGOING)/INCOMING RESOURCES FOR THE YEAR
This is stated after charging:
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation | 2,674 | 2,328 | |
| Independent Examiners | Fees | 1,380 | 1,380 |
| Written off assets- | Intangible | - | - |
| Tangible | 248 | 7,877 | |
| ═════ | ═════ |
13. FUND TRANSFERS
There were no designated funds in 2020/21
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
14. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
| Total staff costs were as follows: | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 95,605 | 77,421 |
| Social security costs (includes NI Rebate) | 3,912 | 2,440 |
| Pension contributions | 2,800 | 1,633 |
| ──────── | ──────── | |
| 102,317 | 81,494 | |
| ══════ | ══════ |
Particulars of employees:
The average number of employees during the year was calculated on the basis of full-time equivalents, was as follows:
| equivalents, was as follows: | ||
|---|---|---|
| 2021 | 2020 | |
| No | No | |
| Owl Centre | 1 | 1 |
| Administration | 4 | 4 |
| Conservation Officer | 0 | 0 |
| ──── | ──── | |
| 5 | 5 | |
| ═══ | ═══ |
No employee received emoluments of more than £60,000 during the year (2020 - Nil).
No remuneration is paid to Trustees as a matter of course.
Expenses of £- (2020: £-) were reimbursed to Trustees.
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £22,008 allowing for furlough. (2020: £26,261).
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WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
15. TANGIBLE FIXED ASSETS
| Buildings | ||||
|---|---|---|---|---|
| Owl | Fixtures & | Under | ||
| Collection | Fittings | Construction | Total | |
| £ | £ | £ | £ | |
| COST | ||||
| At 1 April 2020 | 1,850 | 38,925 | 4,191 | 44,966 |
| Additions | - | - | 2,733 | 2,733 |
| Disposals 20/21 | - | (2,468) | (1,800) | (4,268) |
| ─────── | ─────── | ─────── | ─────── | |
| At 31 March 2021 | 1,850 | 36,457 | 5,124 | 43,431 |
| ═════ | ═════ | ═════ | ═════ | |
| DEPRECIATION | ||||
| At 1 April 2020 | - | 33,559 | - | 33,559 |
| Charge for 20/21 | - | 966 | 1,708 | 2,674 |
| ─────── | ─────── | ─────── | ─────── | |
| At 31 March 2021 | - | 34,525 | 1,708 | 36,233 |
| ═════ | ═════ | ═════ | ═════ | |
| NET BOOK VALUE | ||||
| At 31 March 2021 | 1,850 | 1,932 | 3,416 | 7,198 |
| ═════ | ═════ | ═════ | ═════ | |
| At 31 March 2020 | 1,850 | 5,366 | 4,191 | 11,407 |
| ═════ | ═════ | ═════ | ═════ | |
| 16. STOCKS | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Stock | 2,897 | 2,510 | ||
| ═════ | ════ | |||
| 17. DEBTORS | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Other debtors | - | - | ||
| Prepayments | 2,528 | 3,501 | ||
| ─────── | ─────── | |||
| 2,528 | 3,501 | |||
| ═════ | ═════ | |||
| 18. CREDITORS: Amounts falling due within one year | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Other creditors | 1,960 | 2,842 | ||
| ═════ | ═════ |
16
WORLD OWL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
19. UNRESTRICTED INCOME FUNDS
| Balance at | Balance at | Incoming | Outgoing | Balance at | ||
|---|---|---|---|---|---|---|
| 1 Apr | 2020 | resources | resources | Transfers | 31 Mar 2021 | |
| £ | £ | £ | £ | £ | ||
| Designated Funds | - | - | - | - | - | |
| General Funds | 163,860 | 114,076 | 130,797 | - | 147,139 | |
| ───────── | ───────── | ───────── | ───────── | ───────── | ||
| 163,860 | 114,076 | 130,797 | - | 147,139 | ||
| ══════ | ══════ | ══════ | ══════ | ══════ | ||
| ANALYSIS OF NET ASSETS BETWEEN | FUNDS | |||||
| Net current | ||||||
| Tangible | assets/ | Intangible | ||||
| fixed assets | (liabilities) | Assets | Total | |||
| £ | £ | £ | £ | |||
| Unrestricted Income Funds: | ||||||
| Designated Funds | - | - | - | - | ||
| General Funds | 7,198 | 139,941 | - | 147,139 | ||
| ─────── | ──────── | ──────── | ──────── | |||
| Total Funds | 7,198 | 139,941 | - | 147,139 | ||
| ═════ | ═════ | ═════ | ═════ |
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
21. COMPANY LIMITED BY GUARANTEE
Every member undertakes, if the company is dissolved while he or she is a member or within 12 months after he or she ceases to be a member, to contribute such sum (not exceeding £1) as may be deemed of him or her towards the payment of the debts and liabilities of the company incurred before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and the adjustment of the rights and of the contributories among themselves.
17