REGISTERED CHARITY NUMBER: 1108111
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Windyway Trust
BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU
Windyway Trust
Contents of the Financial Statements for the Year Ended 31 March 2021
|
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Page |
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Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
|
6 |
|
Notes to the Financial Statements |
7 |
to |
14 |
Detailed Statement of Financial Activities |
15 |
to |
16 |
Windyway Trust
Report of the Trustees
for the Year Ended 31 March 2021
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2021.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ThetrusteeshavehadregardtotheguidanceissuedbytheCharityCommissiononpublicbenefitwhensettingobjectives and
undertakingactivities.Thetrusteescontinuetomeetonaregularbasistodiscussallmattersandcommunicateregularly by
telephone, email, and social media platforms.
In associationwiththe objectivesrequiredaccordingto the advancementof animalwelfare,we aim to providehousingand care
for unwanted abandoned cats, dogs and other domesticated animals and endeavour to find suitable homes for these animals.
Significant activities
OurmainactivitiesaredirectfundraisingthroughourcharityshopsandfurniturecentrewhereCOVIDrestrictionshave allowed
this year.
The sponsorship scheme and lottery are still running, and membership has increased.
There is an increased presence on Social Media Platforms, and we now have an e-commerce facility.
An Amazon Smile account has been created and a donation button has been added to the website.
A fee is charged when an animal is rehomed in respect of costs incurred.
Grantmaking
Grantsare decidedand made by the trusteescurrentlyservingon the boardfor WindywayTrust accordingto the policyfor grant
making.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
- Continuous raised awareness
- Appointed Charity of the Year by Pets at Home
- SocialMediasupportgrowsawarenessof ourCharitablePurposesCircumstancesof ourbeneficiarieshave beenhelpedby our
offering respite care to their animals whilst they are incapacitated by either physical or mental health problems.
- Feral cats have been caught and neutered and prepared for rehoming on a regular basis, including wild population.
- Financial assistance is offered for people in temporary financial difficulty for veterinary expenses.
Fundraising activities
COVID restrictionshave severely hamperedany attemptat fundraisingactivitiesthis year. An increasedpresenceon Social Media
has enabled sales of items bought on a click and collect basis.
FINANCIAL REVIEW
Principal funding sources
Mainsourcesofincome:CharityShops(2),WindywayTrustCentre(furniturewarehouse),Donations,Legacies, External
Fundraising,Collections(bothboxesandshops),Fairs,OutdoorEvents,AdoptionFees,SponsorshipScheme,Giveasyou earn,
Lottery Scheme, Online and Offline Personal Fundraising.
Reserves policy
Thetrusthastotalfundsofover£554,000ofwhichtheTrusteesconsideritprudenttohold£200,000tocoverkennelling and
veterinaryexpensesforoneyearintheeventthatfundraisingandlegacyincomeisnotforthcoming.Inadditiontoour normal
activities,wearestillexploringtheoptionofincreasingourkennellingavailabilitybythepossiblepurchaseofnewfacilities; in
order to achieve this we are trying to increase our reserves.
Page 1
Windyway Trust
Report of the Trustees
for the Year Ended 31 March 2021
FINANCIAL REVIEW
Going concern
The Trustees considerthat the Charityis a going concernfor the next twelve months.Covid 19 has had an impact on shop takings
astheshopswereclosedforseveralmonthsandotherfundraisingeventswerecancelled.Thishasbeenmitigatedby grants
received from the local authority retail scheme and government furlough scheme.
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 policyfor the adoptionof trusteesis to awardassociatetrusteeshipfor 12 monthspriorto acceptingthe associatetrustee as
afulltrusteeofWindywayTrust.Theassociatetrusteeattendsmeetingsregularlyenablingtrainingandclarificationof the
Charity's structure and works.
Wider network
We continue to be a member of the CVS network in Cheshire East.
We continue to be part of a network of local charities through a local solicitor to benefit the local public.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1108111
Principal address
Windyway Trust
164A Crompton Road
Macclesfield
Cheshire
SK11 8EU
Trustees
J Marriott
C Earles
P Barnard
K L Neild (resigned 4/10/2020)
M J Arnstein
S Fenwick
W Risley (appointed 3/5/2021)
Independent Examiner
Jonathon Dickens ACA
ICAEW
BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU
Page 2
Windyway Trust
Report of the Trustees for the Year Ended 31 March 2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...............................................................................
C Earles - Trustee
Page 3
Independent Examiner's Report to the Trustees of Windyway Trust
Independent examiner's report to the trustees of Windyway Trust
IreporttothecharitytrusteesonmyexaminationoftheaccountsofWindywayTrust(theTrust)fortheyear ended
31 March 2021.
Responsibilities and basis of report
As the charitytrusteesof the Trustyouare responsiblefor the preparationof the accountsin accordancewiththe requirements
of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarryingout 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
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbe a memberof a listedbody.I canconfirmthatI am
qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jonathon Dickens ACA
ICAEW
BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU
26 January 2022
Page 4
Windyway Trust
Statement of Financial Activities
for the Year Ended 31 March 2021
2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
257,002
Charitable activities
Animal rescue, kennelling & rehoming
11,500
Other trading activities
3
86,528
Investment income
4
991
Total
356,021
EXPENDITURE ON
Raising funds
Raising donations and legacies
5
1,350
Other trading activities
6
134,801
136,151
Charitable activities
Animal rescue, kennelling & rehoming
168,996
Other
1,128
Total
306,275
NET INCOME
49,746
RECONCILIATION OF FUNDS
Total funds brought forward
539,130
TOTAL FUNDS CARRIED FORWARD
588,876 |
2020
Total
funds
£
249,221
15,076
179,490
2,893 |
|
446,680
1,772
111,193 |
|
112,965
190,695
- |
|
303,660 |
|
143,020
396,110 |
|
539,130 |
The notes form part of these financial statements
Page 5
Windyway Trust
Balance Sheet 31 March 2021
2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
10
20,517
CURRENT ASSETS
Stocks
11
965
Debtors
12
20,400
Cash at bank and in hand
554,683
576,048
CREDITORS
Amounts falling due within one year
13
(7,689)
NET CURRENT ASSETS
568,359
TOTAL ASSETS LESS CURRENT LIABILITIES
588,876
NET ASSETS
588,876
FUNDS
14
Unrestricted funds
588,876
TOTAL FUNDS
588,876 |
2020
Total
funds
£
10,785
1,126
48,151
486,116
535,393
(7,048)
528,345
539,130
539,130
539,130
539,130 |
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon............................................. and
were signed on its behalf by:
.............................................
C Earles - Trustee
.............................................
M J Arnstein - Trustee
The notes form part of these financial statements
Page 6
Windyway Trust
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charity,which is a publicbenefitentityunderFRS 102, have been preparedin accordance
withtheCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the UK
andRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshave been
prepared under the historical cost convention.
Income
AllincomeincludinggovernmentgrantsisrecognisedintheStatementofFinancialActivitiesoncethecharity has
entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharity to
that expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthat aggregateall cost relatedto the category.Where costs cannotbe directlyattributedto particular headings
they have been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjectto conditionswhichhavenotbeenmet at theyearenddatearenotedas a commitmentbut not
accrued as expenditure.
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 |
Fixtures and fittings |
- |
25% on reducing balance |
Motor vehicles |
- |
25% on reducing balance |
Computer equipment |
- |
25% on reducing balance |
Stocks
Stocks are valuedat the lower of cost and net realisablevalue, after makingdue allowancefor obsoleteand slow moving
items.
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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.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.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementof FinancialActivitiesona straightlinebasisover the
period of the lease.
continued...
Page 7
Windyway Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charityoperatesa definedcontributionpensionscheme.Contributionspayableto the charity'spensionscheme are
charged to the Statement of Financial Activities in the period to which they relate.
Donated goods and services, and volunteers
Donatedgoodsare measuredat fairvalue(the amountfor whichthe asset couldbe exchanged)unlessimpracticalto do
so. Donations of second hand goods for retail resale are initially valued at nil.
Donatedservices and facilitiesare includedin the SOFA when received at the value of the gift to the charityprovided the
value of the gift can be measured reliably.
The value of any voluntary help received is not included in the accounts .
2.
DONATIONS AND LEGACIES
Donations
Gift aid
Legacies
Grants
Collection boxes
Sponsored events |
2021
£
54,901
2,627
149,924
36,235
1,770
11,545
257,002 |
2020
£
29,750
2,047
169,853
30,837
3,217
13,517 |
|
|
249,221 |
Grants received, included in the above, are as follows:
Job retention scheme grant
RHLG scheme
Other grants |
2021
£
15,486
49,338
(28,589)
36,235 |
2020
£
837
30,000
- |
|
|
30,837 |
continued...
Page 8
Windyway Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
3. OTHER TRADING ACTIVITIES
Fundraising events
Shop income
Warehousing
4.
INVESTMENT INCOME
Deposit account interest
5.
RAISING DONATIONS AND LEGACIES
Postage and stationery
Newsletters
Bank and Just Giving charges
6.
OTHER TRADING ACTIVITIES
Opening stock
Purchases
Staff costs
Rates and water
Rent
Consumables, cleaning & refuse
Light and heat
Repairs and maintenance
Insurance
Storage premises
Telephone
Motor vehicle expenses
Depreciation
FUNDRAISING EVENTS- Purchases
Event costs
Storage premises
Advertising
Prizes |
2021
£
1,510
79,393
5,625
86,528
2021
£
991
2021
£
257
-
1,093
1,350
2021
£
1,126
(185)
44,915
2,064
28,540
3,854
2,233
18,725
2,906
8,961
983
5,310
6,863
280
-
7,576
-
650
134,801 |
2020
£
8,113
169,085
2,292 |
|
|
179,490 |
|
|
2020
£
2,893
2020
£
470
656
646
1,772
2020
£
699
(71)
39,968
3,257
28,300
4,156
5,142
2,298
2,489
8,576
1,431
3,100
3,630
336
1,300
5,180
346
1,056 |
|
|
111,193 |
continued...
Page 9
Windyway Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norfortheyear 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.
Shop staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Animal rescue, kennelling & rehoming
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Raising donations and legacies
Other trading activities
Charitable activities
Animal rescue, kennelling & rehoming
Total
NET INCOME |
2021
2020
4
4
Unrestricted
fund
£
249,221
15,076
179,490
2,893
446,680
1,772
111,193
112,965
190,695
303,660
143,020 |
2021
2020
4
4
Unrestricted
fund
£
249,221
15,076
179,490
2,893
446,680
1,772
111,193
112,965
190,695
303,660
143,020 |
|
|
446,680
1,772
111,193 |
|
|
112,965
190,695 |
|
|
303,660 |
|
|
143,020 |
continued...
Page 10
9.COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Windyway Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
|
Unrestricted |
|
fund |
|
£ |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
396,110 |
TOTAL FUNDS CARRIED FORWARD |
539,130 |
10. TANGIBLE FIXED ASSETS
Fixtures
Plant and
and
Motor
Computer
machinery
fittings
vehicles
equipment
£
£
£
£
COST
At 1 April 2020
367
3,378
28,755
3,649
Additions
391
-
18,000
-
Disposals
-
-
(13,765)
-
At 31 March 2021
758
3,378
32,990
3,649
DEPRECIATION
At 1 April 2020
212
1,953
20,636
2,564
Charge for year
137
356
6,081
289
Eliminated on disposal
-
-
(11,970)
-
At 31 March 2021
349
2,309
14,747
2,853
NET BOOK VALUE
At 31 March 2021
409
1,069
18,243
796
At 31 March 2020
155
1,425
8,119
1,085
STOCKS
2021
£
Shop stock
965 |
Totals
£
36,149
18,391
(13,765)
40,775
25,365
6,863
(11,970)
20,258
20,517
10,784
2020
£
1,126 |
|
|
11. STOCKS
Shop stock
continued...
Page 11
Windyway Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Grant debtor
VAT
Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
14.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
2021
2020
£
£
2,248
30,837
10,754
9,714
7,398
7,600
20,400
48,151
2021
2020
£
£
7,689
7,048
Net
movement
At
At 1/4/20
in funds
31/3/21
£
£
£
539,130
49,746
588,876
539,130
49,746
588,876
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
356,021
(306,275)
49,746
356,021
(306,275)
49,746
Net
movement
At
At 1/4/19
in funds
31/3/20
£
£
£
396,110
143,020
539,130
396,110
143,020
539,130 |
2020
£
30,837
9,714
7,600
48,151
2020
£
7,048
At
31/3/21
£
588,876 |
2020
£
30,837
9,714
7,600 |
2020
£
30,837
9,714
7,600 |
|
|
|
48,151 |
|
|
|
|
|
2020
£
7,048 |
|
|
588,876 |
|
|
|
|
49,746 |
|
|
|
|
At
31/3/20
£
539,130 |
|
|
|
|
539,130 |
|
|
continued...
Page 12
Windyway Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
A current year 12 months and prior year 12 months combined position is as
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
446,680
(303,660)
143,020
446,680
(303,660)
143,020
follows:
Net
movement
At
At 1/4/19
in funds
31/3/21
£
£
£
396,110
192,766
588,876
396,110
192,766
588,876 |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
446,680
(303,660)
143,020
446,680
(303,660)
143,020
follows:
Net
movement
At
At 1/4/19
in funds
31/3/21
£
£
£
396,110
192,766
588,876
396,110
192,766
588,876 |
|
|
143,020 |
|
|
At
31/3/21
£
588,876 |
|
|
588,876 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
802,701
802,701 |
Resources
Movement
expended
in funds
£
£
(609,935)
192,766
(609,935)
192,766 |
Resources
Movement
expended
in funds
£
£
(609,935)
192,766
(609,935)
192,766 |
|
|
|
192,766 |
continued...
Page 13
Windyway Trust
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 14
Windyway Trust
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Grants
Collection boxes
Sponsored events
Other trading activities
Fundraising events
Shop income
Warehousing
Investment income
Deposit account interest
Charitable activities
Animal rehoming fees
Total incoming resources
EXPENDITURE
Raising donations and legacies
Postage and stationery
Newsletters
Bank and Just Giving charges
Other trading activities
Opening stock
SHOP- Purchases
Closing stock
Wages
Pensions
Rates and water
Carried forward |
2021
£
54,901
2,627
149,924
36,235
1,770
11,545
257,002
1,510
79,393
5,625
86,528
991
11,500
356,021
257
-
1,093
1,350
1,126
780
(965)
44,340
575
2,064
47,920 |
2020
£
29,750
2,047
169,853
30,837
3,217
13,517
249,221
8,113
169,085
2,292
179,490
2,893
15,076
446,680
470
656
646
1,772
699
1,055
(1,126)
39,609
359
3,257
43,853 |
|
|
|
This page does not form part of the statutory financial statements
Page 15
Windyway Trust
Other trading activities
Brought forward
Rent
Consumables, cleaning & refuse
Light and heat
Repairs and maintenance
Insurance
Storage premises
Telephone
Motor vehicle expenses
Depreciation
FUNDRAISING EVENTS- Purchases
Event costs
Storage premises
Advertising
Prizes
Charitable activities
Kennel costs
Veterinary fees
other organisations
Support costs
Finance
Loss on sale of tangible fixed assets
Governance costs
Establishment costs
Legal and professional
Accountancy fees
Bank charges
Total resources expended
Net income |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021 |
2021
£
47,920
28,540
3,854
2,233
18,725
2,906
8,961
983
5,310
6,863
280
-
7,576
-
650
134,801
107,915
49,264
3,200
160,379
1,128
4,786
425
3,313
93
8,617
306,275
49,746 |
2020
£
43,853
28,300
4,156
5,142
2,298
2,489
8,576
1,431
3,100
3,630
336
1,300
5,180
346
1,056 |
|
|
|
|
|
|
|
111,193
108,573
69,889
6,561 |
|
|
|
185,023
-
3,347
-
2,205
120 |
|
|
|
5,672 |
|
|
|
303,660 |
|
|
|
143,020 |
This page does not form part of the statutory financial statements
Page 16