Company registration number.. 05434781 Charity registration number= 1110503 BLEAKHOLT ANIMAL SANCTUARY GROUP REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 BLEAKHOLT ANIMAL SANcfuARY CONTENTS Reference and Administrative Details Ito3 Strategic Report 4t013 Trustees, Report 14to17 Statement of Trustees, Responsibilities 18 Independent Auditors, Report 19to22 Consolidated Statement of Financial Activities 23to24 Consolidated Balance Sheet 25 Balance Sheet 26 Consolidated Statement of Cash Flows 27 Statement of Cash Flows 28 Notes to the Financial Statements 29to52 BLEAKHOLT ANIMAL SANcfuARY REFERENCE AND ADMINISTRATIVE DETAILS Company Reglstratlon Number 05434781 Charity Registration Number 1110503 Registered Office Bury Old Road Edenfield Ramsbottom Bury Lancashire BLO ORX The charity is incorporated in England and Wales. J Mahon Trustees D Corrigan l Elston J Thornton V Cooper D Hart J Murray K Griffin, Ico-optedl S Jacobs, (Co-opted) D Mann, Ico-optedl Trustees who held title to property belonging to the charity during the reporting period or at the date of approval were.. Mrs J A Murray ITrusteel held the NS&1 income bonds during the year, the bonds will mature on 0810112026. BLEAKHOLT ANIMAL SANcfuARY REFERENCE AND ADMINISTRATIVE DETAILS Key Management Personnel Karen Weed, Sanctuary Manager Vicky MacDonald, Deputy Manager Solicitors Fieldings Porter Silverwell Street Bolton BLI IPT Auditor Slade & Cooper Limited Statutory Auditors Beehive Mill Jersey Street Manchester M4 6JG BLEAKHOLT ANIMAL SANcfuARY REFERENCE AND ADMINISTRATIVE DETAILS Accountants Horsfield & Smith Statutory Auditors Tower House 269 Walmersley Road Bury BL9 6NX Veterinary Vets4Pets Icats, dogs & small animals) 480 Manchester Road Bury BL9 9NY Andrew MellinE BVSC, MRCVS lequines & all farm animals) 535 Chorley Old Road Bolton BLI 6AE Bankers The Royal Bank of Scotland Direct Business Banking 4th Floor l Hardman Boulevard Manchester M3 3AQ **BLEAKHOLT ANIMAL SANCTUARY** **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** The Trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 December 2023, in compliance with s414C of the Companies Act 2006. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. ## **Achievements and performance** The charity's main activities and those it tries to help are described below. All its charitable activities focus on the care and shelter of stray, neglected and unwanted animals and are undertaken to further Bleakholt Animal Sanctuary's charitable purposes for the public benefit. The principal aim of the Charity remains the rescue, rehabilitation and re-homing (except equines and farm animals) of stray, neglected and unwanted animals and consequent benefit to all sectors of the public. Homing figures for 2023 were 422 dogs, 435 cats and 125 small animals making a total of 982 animals rehomed and a further 17 reunited with their owners. The ethos of ‘Caring for those who have No-one’ is always at the forefront of the work at the Sanctuary. Every year animals in desperate need are helped. The year continued in the same pattern as the previous year with many urgent cases where animals came to the Sanctuary in a neglected state. Just some of the desperately sad cases in 2023 included Lila, a three month old Bulldog puppy, who arrived in the most horrific condition. Lila came to Bleakholt after being handed in at a local vets as a stray. She was covered in mange which resulted in her skin being raw, she had eye infections, a hernia and was in so much discomfort. Lila had a long road to recovery but remained the sweetest natured soul. She has now recovered and is in a fantastic home where she is adored by her owners. Lila is now on Bleakholt’s new van and still comes back for visits. Despite weeks of being treated with medicated baths and obviously in such discomfort she remained the sweetest natured girl. 4 **BLEAKHOLT ANIMAL SANCTUARY** ## **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** Over on the cats just one of the many cases coming into the Sanctuary was Penelope. Sadly she had been abandoned in a carrier locally with her kittens. A passer-by found them and another local rescue collected them for Bleakholt, but Penelope had managed to escape and took a week to locate. On admission it was clear her health was poor, she was admitted to an emergency vets where at first she improved but then rapidly declined and required emergency surgery due to a problem with her intestine. Penelope came through the surgery well but sorrowfully her bowel ruptured hours after and she had to be put to sleep. Although Penelope is not a happy example of the work the Sanctuary does it is important to note had she not have come into our care she would have faced a very slow and painful time and most certainly suffered. Over in the farm a most unusual phone call was received to advise that a goat had been found on the tram tracks in Manchester City Centre. The goat, later named Thomas, was immediately collected by staff at the Sanctuary. Thomas is a friendly but cheeky chap who sadly has severe arthritis. This is managed with pain medication and he is living out his days here at the Sanctuary happily getting into mischief. 5 **BLEAKHOLT ANIMAL SANCTUARY** ## **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** Many young dogs that were admitted to the Sanctuary in 2023 arrived due to owners not considering the long term commitments to pet ownership. Many puppies came to the Sanctuary through local vets where they had been handed in as either strays or no longer wanted. Once again the demand to take in kittens outweighed the numbers able to be helped. Not neutering is a very big local problem and this is resulting in huge numbers of unwanted and unplanned litters. Bleakholt continues to advertise and recruit foster homes to help increase the number of cats and kittens able to be helped. Sadly a large number coming into the Sanctuary came in showing signs of infectious disease, so numbers on site had to be kept to a level where barrier cleaning and isolation of infection could be maintained. 6 **BLEAKHOLT ANIMAL SANCTUARY** ## **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** The number of animals admitted during 2023 was 956 which was an increase on the previous year. Due to the cost of living crisis many animals were coming into the Sanctuary was due to owners not being able to afford veterinary treatment. The stables and farm sections continued to be busy, the area with the most requests for helping being rabbits. Requests to admit rabbits saw a similar situation to the cats with a far larger number needing help then spaces available. With a focus on caring for those that have no-one, often older, vulnerable and animals in poor health are prioritised for admission. Several of the elderly equines passed away during the year, having lived full and comfortable lives. Other animals have arrived so that the sanctuary remains full. The 5-year rolling Business Strategy which was approved by Trustees in 2022 continued to be reviewed throughout its second year. This is guiding the charity’s development up to 2027. The strategy currently has 5 key aims and seeks to maintain and improve animal care/welfare, customer service, finance, reputation and facilities. This follows the previous five year strategy where not all aims could be achieved due to the pandemic. The need to increase income and move away from reliance on legacies has been a growing concern and a key aim of the new strategy is to move away from this reliance. It was also appreciated that the need to continue to attract legacies needed further advertisement. Bleakholt joined with Octopus Legacies in a bid to try and increase future legacies. Alternative means of increasing income were continued in 2023 including increased attendance at external fundraising events, online auctions, increased gift aid uptake, newspaper and social media appeals. The additional Charity Shop which opened in September 2022 in Bacup increased opening hours in 2023 with the support of volunteers. Sales continued to be strong in 2023 raising a total of £54,148. Grant applications are made by managers and grants totalling £73,750 were secured in 2023. Bleakholt continues to be a full member of the Association of Dogs and Cats Homes and continues to network and share good practice. Bleakholt attended the 2023 ADCH conference in Telford in May. Staff members attending managed to find a lost cat whilst attending and with the help of other members managed to scan the cats Microchip and return the cat to the owner after he had been missing for three months. As always, the sincere gratitude of the Trustees goes to Bleakholt’s dedicated staff and volunteers. In particular, thanks go to the volunteer dog walkers who continue to turn out daily in all weathers, the café, shops and book shop volunteers who work tirelessly to raise much needed funds. ## **Beneficiaries of our services** The sanctuary re-homed a total of 982 animals in 2023 to individuals, couples and families across Greater Manchester, Lancashire and West Yorkshire. Bleakholt has well established relationships with other local rescues, council organisations, vets and local police and when space is available will admit animals from other organisations. 7 **BLEAKHOLT ANIMAL SANCTUARY** ## **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** Together with those animals permanently in residence at the sanctuary and other contacts during the year it is estimated that well over 1,000 animals were helped. As well as the benefits to the animals themselves there is always a number of people who benefit from the adoption of each animal or a visit in one form or another to the sanctuary. If at least 4 people benefit from each animal then over 4,000 have benefitted in the year. Supporting the local community has always been a key value. In 2023 many tours across the Sanctuary were given to local schools and charity groups. This not only helped to promote the work that Bleakholt does but also to encourage responsible pet ownership. The Sanctuary provides a vital service to the local area taking in animals that can no longer be looked after. This is not only a benefit to the animal but also to the owner or family members struggling to care for the animal. Some examples from our Visitors and Adopters include: ## Jenny Graveson recommended Friendly place to visit with little ones. We love looking at all the animals and then picking a nice story book to read in the cafe whilst we have cake. The Halloween, Christmas and Easter activities we have done so far with our little boy have been fantastic. ## Maya Benfell recommended Such a wonderful place that does so much for the animals!! It’s so lovely to visit and see the animals and please donate if you can!! Thoroughly recommend especially if you’re looking to adopt an animal! ## Natalie Taylor recommended A beautiful place that truly cares for the animals there. I adopted my dog from here 12 years ago, we sadly lost her at a grand age of 17 in January but we've since adopted our bunny George from bleakholt and the whole process was super easy and they provided everything he needed to get settled in to his new home. A very worthy cause! ## Louis Janson recommended A lovely day out to see all of the animals. We came here after our cat sadly passed away. Hoping to adpot one of the lovely cats from here when we're ready. Becky Stone 5* recommended Michael Hilton 5* recommended Lauren McNally 5* recommended ## Barbara Kluj Fantastic place, staff really friendly and helpful ## Pamela Enderby recommended The staff and volunteers were so friendly and helpful. Kath Ford 5* 8 **BLEAKHOLT ANIMAL SANCTUARY** ## **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** sitcomsoldiers recommended lovely place and lovely staff ## Sue G recommended Visited Bleakholt on Good Friday for the first time to participate in an egg hunt. My 9 year old daughter had lots of fun walking around the sanctuary, seeing the animals and finding the clues. We bought some items from the shop once we had completed the hunt. Shop was well stocked at reasonable prices, staff were friendly. Lots of parking available. ## brenda smith smith Only popped in to donate some old but clean towels for bedding etc. They were pleased to receive and I was pleased to recycle! Keep up the good work Bleakholt! Angela Gilpin 5* recommended Kim Vick 5* recommended The Beckwiths 5* recommended Dan Heyworth 5* Nichola Robinson recommended ## Mike Moulton Superb staff, very professional and helpful, and this was on a very busy day for them. recommended Pauline Jones recommended Very nice place animals look well cared for. ## L H recommended Cute little cafe and a great feel good factor ! The effort from the staff has been incredible over the many years it’s been open. ## Chloe recommended Out of all the rescues I contacted, Bleakholt were the most communicative and friendly team. They answered all my questions and helped me find confident cats that suit my other pets in the household, and checked in with us to make sure all ok Jan Gatland Very well set up. Comfy chairs and beds for the dogs and lots of climbing frames for the cats. Lots of lovely horses and donkeys. ## Alan Gatland Took a pile of bath towels for using with the animals. Had a look around at the dogs, cats, donkeys and horses. All the animals are well kept and clean. Nice visit and free. ## Mark Westwell Amazing people who work at bleakholt, found us our lovely nutty greyhound Victor. Thanks so much Mel and Mark. 9 **BLEAKHOLT ANIMAL SANCTUARY** ## **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** ## Gillian Ellison Amazing folk doing a wonderful job for all types of rescues Daphne Holden recommended ## Caroline Callaghan A fantastic place to spend an hour or so with the animals. The whole place is wonderful, the staff and friendly and knowledgeable and the animals are all so well cared for. We sponsor a horse (Bryn Aka Brian) which is only £30 a year ## Laura Sheridan The dogs are lovely. Staff and facilities excellent ## Chris Smith Absolutely fantastic staff, No amount of words can describe how well I was treated with my situation, thankyou bleakholt staff truly amazing ## Michael Bell My Daughter just adopted a dog from Bleakholt they were excellent in every aspect Maria Dziobek Wonderful staff ## Raycoolbreeze Wonderful caring people who all love animals. ## Beth Ryan recommended Such an amazing place. Definitely where I would want to be if I was an animal looking for a home. Lovely day out for the kids too ## philippa holt Hardworking lovely people and amazing well cared for animals,if I could take them all I would lovely cats too 😻 hujjat moshood Peaceful and comforting i really recommend going here Jim Mooman Recommended Great work by all the people who keep this place running. They deserve our support. Karan butterworth recommended Lovely visit friendly staff Abby Samuels recommended Beautiful place to visit or volunteer. Especially love the secondhand book shop on site, great idea Andrew Berry recommended ## Allan Cole Very clean and tidy. Cafe very nice. Animsls looked after.nice place 10 **BLEAKHOLT ANIMAL SANCTUARY** ## **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** ## Tracey Goodman The staff are lovely .They do an amazing job. Thankyou Bleakholt ## leanne taylor Fantastic sanctuary. Treat animals with the respect they need Richard Cassidy recommended I visited Bleakholt Animal Sanctuary last weekend and I was very impressed by the quality of care and love they provide to the animals. The sanctuary is home to over 450 animals, including dogs, cats, horses, pigs, goats, rabbits and more. ## Maggie Roque A big animal sanctuary which means helpful to many animals My husband and I visited on a weekend There were lots of people … Doug Bowe recommended Very caring staff who adore the animals. Plenty of space to walk them. Serious vetting procedures before rehoming. A delight to visit. Volunteers go to walk the dogs. Jaroslav Hubl recommended Beautiful place, all animals well looked after. Beautiful view around. Luke Matthews recommended Lovely animal based charity for domestic and farm animals. Great day out to visit for adopting or just to try and help by donating either pet or farm food and supplies. Many cats and dogs up for adoption of all ages. P H recommended Incredible place and the staff are fantastic. ## **Financial review** The Trustees wish to record their gratitude to everyone who contributed to the income of Bleakholt Animal Sanctuary by way of donations, legacies and fundraising. Equally, to those who were able to contribute in kind support. Total income received increased from 1,548,547 (2022) to 1,585,581 (2023) and this was partially due to movements in legacy allocation. Expenditure for 2023 was £1,482,609, compared to £1,330,155 in 2022, an increase of £152,454 on the previous year. Cost of living rises affecting daily running costs have impacted this increase along with national minimum wage increases. During the year, Bleakholt received donations and legacies totalling £1,134,781 (2022: £1,212,073). The reduction was due to the movement of legacies received in the year into 2022. 11 **BLEAKHOLT ANIMAL SANCTUARY** ## **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** Trading activities, which include the Ramsbottom and Bury charity shops, the new Bacup charity shop, the open days, the on-site shop and café showed an increase on previous years of £307,524 in 2023 compared to £226,839 in 2022. This is in line with the five year Business Strategy to increase trading income. Further work will be required to increase trading income to cover daily running costs. The Board of Trustees has long recognised that Bleakholt cannot continue to rely on legacies and is continuing to look at other sources of revenue including charity shops / commercial activity and online fundraising to increase income and reduce the reliance on legacies. This is the 1[st] item on the Strategic Risk Register and is the guiding point of the next five year Business Strategy. A previous cost reduction programme successfully reduced the charities expenditure. However pressure on costs such as veterinary services and increases of 9% in the National Minimum wage have seen a growth in annual running costs. ## **Policy on reserves** The Trustees have reviewed, revised and established a policy whereby it designates a Reserve Fund, identified as a Contingency Fund, which will enable Bleakholt to continue for a period of time the current services of the Charity in the event of a significant drop in funding. It is obviously necessary to consider how the funding will be replaced or the activities modified should such circumstances arise. The Trustees have continued to keep this level at 12 months’ actual service running costs - this now equates to some £1,500,000 pa. A Development Fund has been ring-fenced for costs relating to the improvement and refurbishment of the sanctuary (through the projects programme) - this stood at £1,028,763 at the year end. A separate fixed assets fund is recognised by the Trustees representing the net book value of fixed assets held - £1,350,089 (2022: £1,336,861). Whilst the value of these assets is included within the total funds of the Charity they do not represent liquid/expendable amounts and should be segregated accordingly. ## **Plans for future periods** ## _**Aims and Key objectives for future periods -**_ A new 5 year Business Strategy (2022-2027) has been developed, with a strong focus to continue to improve standards whilst increasing trading revenue to cover annual running costs, moving away from a reliance on legacies. Improving welfare standards across the board is consistently reviewed and low-cost programmes have been introduced across all sections such as increasing enrichment and addressing animals that might be struggling with sanctuary life more proactively. This work will continue to expand and improve to ensure all animals have the best possible quality of life whilst at the sanctuary. Projects were kept to a minimum in 2023 due to the completion of the tree planting project and the requirement for a new van. The H kennel block had a new roof installed after several years of being patched. 12 **BLEAKHOLT ANIMAL SANCTUARY** **STRATEGIC REPORT** ## **YEAR ENDED 31 DECEMBER 2023** A new van was purchased in 2023 as the old van needing extensive repairs making it not financially viable to fix. The new van was purchased at a reduced rate and had graphics provided for free. Bleakholt were charity of the year with Zen Internet Group, they held fundraising events throughout the year raising a total of £21,509. The five year Fundraising Strategy developed in 2022 was in it’s second year. The Fundraising and PR consultant continued to launch several appeals and has increased supporter volumes with increased media coverage. As part of this plans were made to look to open a fourth charity shop in early 2024. The Bacup and Bury charity Shops both increased their opening hours to six days a week increasing revenue. The shops income for 2023 was £179,043, an increase of £44,865 on 2022. Bleakholt participated in a project via Highways England to reduce flooding on the M66. This involved planting 8,000 trees on site as well as aerating parts of the land. This commenced in 2022 and was completed in April 2023. The projects programme for next year (2024) will include: - Completion of Poultry enclosures renovation - Redecoration/improvement to the toilets - Review plans to extend visitor area/extend café - Potential for new shop - Increase trading activity - Improvement of the pig/goat enclosures - Farm Improvement Plan – Repairing remaining fencing and dry stone walls - Re-tarmac yard - New barn roof - Review potential for renewable energy sources The strategic report was approved by the Trustees of the charity on 28[th] July 2024 and signed on its behalf by: ................................................. Dawn Hart Trustee 13 **BLEAKHOLT ANIMAL SANCTUARY** ## **TRUSTEES’ REPORT** ## **YEAR ENDED 31 DECEMBER 2023** The Trustees, who are Directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2023. ## **Disclosure of Information to auditor** Each Trustee has taken steps that they ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and to establish that the charity’s auditor is aware of that information. The Trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. ## **Trustees** Jackie Cook Chair (resigned 28.7.24) Dawn Hart Secretary w.e.f. 17.1.23 (was already a Trustee) James Thornton Treasurer Denise Corrigan Julie Mahon Iain Johnstone (resigned at the AGM on 23.7.23) Ian Elston Victoria Cooper Jackie Murray (was co-opted and voted onto the Board at the AGM 23.7.23) Katharine Griffin (co-opted) Simon Jacobs (co-opted) Daniel Mann (co-opted) ## **Objectives and activities** The Charity's objectives are the provision of care and shelter for stray, neglected and unwanted animals of all kinds including dogs, cats, rabbits, guinea pigs, horses, donkeys, ponies, goats, sheep, pigs and hens and the protection of animals from ill usage, cruelty and suffering. To provide medical treatment and endeavour, wherever possible, to find suitable homes for the dogs, cats and small animals ensuring that they are re-homed to suitable 'forever' homes in accordance with Sanctuary Rehoming Policy. In re-homing unwanted dogs and cats, the number of such animals that would otherwise be abandoned by owners and become strays is reduced. A reduction in stray animals protects the public from the potential nuisance and in some cases injury and harm that can be caused by straying animals. Where possible the Sanctuary reunites lost pets with their owners. In accordance with legislation, the Sanctuary microchips all dogs and cats to be rehomed. This aids the identification of owners and reunification of animals to their owners. This micro chipping service is also available for the general public to access for a modest donation. 14 **BLEAKHOLT ANIMAL SANCTUARY** **TRUSTEES’ REPORT** ## **YEAR ENDED 31 DECEMBER 2023** The Sanctuary also aims to educate the public about the protection of animals from cruelty and suffering and in the welfare and proper care of animals. Vocational training is provided to young people who are interested in a career in animal care and related industries. The Sanctuary encourages links with local schools and other organisations and regularly provides talks to provide education on animal welfare issues to include responsible and considerate pet ownership with a view to reducing the number of unwanted and neglected animals and the negative impact of such on our society. The Trustees review the aims, objectives and activities of the charity each year. This Report looks at what the charity has achieved and the outcomes of its work in the reporting period. The Trustees report the success of each key activity and the benefits the Charity has brought to those groups of people that it is set up to help. The review also helps the Trustees ensure the Charity's aims, objectives and activities remained focused on its stated purposes. ## **Public benefit** The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set. The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Structure, governance and management** The Charity runs an animal Sanctuary near Edenfield, Lancashire by way of employed staff and volunteers. The Trustees form a Board of Management that meets on a monthly basis to discuss and make decisions in relation to all aspects of the Sanctuary's management including: financial planning and control, staffing levels, animal care and welfare, veterinary matters, homing of animals and policies, provision and upkeep of buildings and machinery, land management, hygiene and correspondence received. An events calendar is compiled for the year. The Trustees also discuss the operational performance report covering all aspects of the Sanctuary (dog, cat, stables and farm sections). The Sanctuary Manager, Deputy Manager, Heads of Section and Supervisors are responsible for all aspects of the day-to-day management of the Charity. The Sanctuary Manager has a focus on supporting the Trustees and re-development and has a particular focus on the operation and improvement of the day to day running of the Sanctuary. The Sanctuary Manager takes instruction from and reports to the Trustees on a regular basis through the Chair of Trustees. Expert financial, legal, compliance and other advice is sought where necessary. The trading subsidiary of Bleakholt Shop Limited passes on the entirety of its profits to the Sanctuary each year. There have been no changes in policy or organisation during the year. Trustees are recruited based on their skill and expertise, with consideration given to existing involvement with the Sanctuary. All Trustees are required to be members of the Sanctuary. They are 15 **BLEAKHOLT ANIMAL SANCTUARY** ## **TRUSTEES’ REPORT** ## **YEAR ENDED 31 DECEMBER 2023** elected for a 3 year term by members attending the AGM. Trustees are required to sign a declaration that states that they are not disqualified by law from acting as a charity trustee as per section 72 of the Charities Act 2011. New Trustees are provided with copies of the Memorandum and Articles of Association and past accounts are available to them. Any Charity Commission information is also given to new and existing Trustees. The induction of new Trustees is carried out by the Chair and the Sanctuary Manager. The organisation is a charitable company limited by guarantee, incorporated on 25 April 2005 and registered as a charity on 20 July 2005. The assets, liabilities and undertakings were transferred on 31 December 2005 from Bleakholt Animal Sanctuary, an unincorporated charity established under a constitution adopted 7 June 1969 and registered as a charity on 25 June 1968. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. If the Charity is dissolved, each of the members is liable to contribute such sum (not exceeding £10) towards the assets of the Charity. The total number of such guarantees at 31 December 2023 was 427 (2022 was 415). The Trustees are members of the charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity. All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the accounts (2023: Nil). ## **Related parties and relationships with other organisations** As mentioned, Bleakholt are proud members of the Association of Dogs & Cats Homes (ADCH) and are able to network with and share good practice with other member charities for the benefit of Bleakholt. ## **Remuneration policy for key management personnel** The key management personnel include the Sanctuary Manager and Deputy Manager. The pay grade of these key management personnel is reviewed annually. The grades are set out in the approved Pay Policy and progression is subject to a satisfactory performance review. The pay grades are benchmarked against comparable charities periodically. ## **Major risks and management of those risks** The Trustees have considered all risks to the Sanctuary and have approved a risk register. This is reviewed every 6 months and includes the following key areas: ## 1. Financial Income The Trustees recognise that legacy income is critical but it is unpredictable in nature and historically has peaks and troughs. It is accepted that there is a need to maximise income from other sources and to maximise income from Event Days and other fundraising activities, the cafe, the on-site Shop and the three Charity Shops, sponsorships and membership. It is also imperative that donations are maximised using Gift Aid where possible. 16 **BLEAKHOLT ANIMAL SANCTUARY** ## **TRUSTEES’ REPORT** ## **YEAR ENDED 31 DECEMBER 2023** ## 2. Compliance - Health & Safety Health & Safety is of upmost importance in a working Sanctuary as the safety of the staff, volunteers, public and animals is paramount. Risk assessments are regularly carried out to identify and reduce risks. Annual meetings and regular dialogue takes place with the Sanctuary's Insurers. Any issues in relation to Health & Safety are reported to the Trustees and are addressed as a matter of urgency. A review of the Health & Safety and Policy & Procedures has been undertaken during the reporting period and Bleakholt engages a professional advisor (Work Nest) to assist with compliance. ## 3. Compliance - Employment Law The Sanctuary Manager is responsible for the day to day aspects of employment matters with the support of the Trustees. In order to ensure that the Sanctuary is working in accordance within current Employment Law, Bleakholt engages a professional advisor to assist with compliance. ## 4. Human Resources The nature of Bleakholt's work means that it relies heavily on both paid staff and volunteers to undertake a wide variety of roles. There is a workforce plan in place to develop the staff team and keep skills and expertise up-to-date. There is also a need to develop the pool of volunteers available, including Trustees, and this is being addressed. ## **Funds held as custodian trustee on behalf of others** Bleakholt has not acted as custodian trustee in the reporting period. ## **Reappointment of auditor** The auditors Slade & Cooper Limited are deemed to be reappointed under section 487(2) of the Companies Act 2006. This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime of the Company’s Act 2006. The annual report was approved by the Trustees of the charity on 28[th] July 2024 and signed on its behalf by: ......................................... James Thornton Trustee 17 BLEAKHOLT ANIMAL SANcfuARY STATEMENT OF TRUSTEES, RESPONSIBILITIES YEAR ENDED 31 DECEMBER 2023 The trustees (who are also the directors of Bleakholt Animal Sanctuary for the purposes of company lawl are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the parent charitable company and the group and of the incoming resources and application of resources, including its income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistentlv,- observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the parent charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the parent charitable company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the parent charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 28 July 2024 and signed on its behalf by.. OHart Trustee 18 **BLEAKHOLT ANIMAL SANCTUARY** ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BLEAKHOLT ANIMAL SANCTUARY** ## **Opinion** We have audited the financial statements of Bleakholt Animal Sanctuary (the ‘parent charitable company’) and its subsidiaries for the year ended 31 December 2023, which comprise the Group Consolidated Statement of Financial Activities (including the income and expenditure account), the Group Consolidated Balance Sheet, the Charity Balance Sheet, the Group Consolidated Statement of Cash Flows, the Charity Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group’s and charitable company’s affairs as at 31 December 2023 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 19 **BLEAKHOLT ANIMAL SANCTUARY** ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BLEAKHOLT ANIMAL SANCTUARY** ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the Strategic Report (incorporating the directors’ report) and the Trustees’ Report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the Strategic Report (incorporating the directors’ report) and the Trustees’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the directors’ report has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent charitable company’s financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report. 20 **BLEAKHOLT ANIMAL SANCTUARY** ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BLEAKHOLT ANIMAL SANCTUARY** ## **Responsibilities of trustees** As explained more fully in the Statement of Trustees’ Responsibilities (set out on page 18), the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: - enquiry of management and those charged with governance around actual and potential litigation and claims. - enquiry of the charity's staff, management and those charged with governance to identify any instances of noncompliance with laws and regulations. - reviewing minutes of meetings of those charged with governance. - reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. - auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 21 **BLEAKHOLT ANIMAL SANCTUARY** ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BLEAKHOLT ANIMAL SANCTUARY** A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. ## **Use of our report** This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members and its trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. _Christy Yun Hing Lau FCCA DChA CTA_ Senior Statutory Auditor _for and on behalf of_ Slade & Cooper Limited Statutory Auditors Beehive Mill Jersey Street Manchester M4 6JG Date: 24[th] September 2024 Slade & Cooper Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 22 BLEAKHOLT ANIMAL SANcfuARY GROUP CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING GROUP CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) YEAR ENDED 31 DECEMBER 2023 Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Isanctuary seNicesl Other trading activities Investment income 1,127,909 119,584 307,524 23,692 6,872 1,134,781 119,584 307,524 23,692 Total income 1,578,709 6,872 1,585,581 Expenditure on: Raising funds Charitable activities Isanctuary services) 176,7321 11,394,212) 176,7321 11,405,877) 111,6651 Total expenditure 11,470,944) 111,6651 11,482,609) Net intome/lexpenditurel 107,765 14,7931 102,972 Net movement in funds 107,765 14,7931 102,972 Reconclllatlon of funds Total funds brought forward 3,779,623 4,793 3,784,416 Total funds carried forward 23 3,887,388 3,887,388 23 BLEAKHOLT ANIMAL SANcfuARY GROUP CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING GROUP CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) YEAR ENDED 31 DECEMBER 2023 Comparative statement of financial activities Unrestricted funds Restricted fvnds Total 2022 Note Income and Endowments from: Donations and legacies Charitable activities Isanctuary services) Other trading activities Investment income 1,193,645 105.115 226,839 3,020 18,428 1,5(X) 1,212,073 106,615 226,839 3,020 Total income 1,528,619 19,928 1,548,547 Expenditure on: Raising funds Charitable activities Isanctuary services) 167,1321 11,243,170) 167,1321 11,263,023) 119,8531 Total expenditure Gains/losses on investment assets 11,310,302) 117,7001 119,8531 11,330,155) 117,7001 Net income Transfers between funds 2Cx),617 91,110 75 200,692 191,1101 Net movement in funds 291,727 191,0351 200,692 Reconciliation of funds Total funds brought forward 3,487,896 95,828 3,583,724 Total funds carried forward 23 3,779,623 4,793 3,784,416 All of the group's activities derive from continuing operations during the above two periods. The statement of financial activities includes all gains and losses recognised in the year. 24 BLEAKHOLT ANIMAL SANcfuARY (REGISTRATION NUMBER: 05434781) GROUP CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixed assets Tangible assets 14 1,350,089 1,407,389 Current assets Stocks 16 3,634 515,543 1,023,741 1,075,662 3,669 437,647 272,169 1,734,249 Debtors 17 Investments 18 Cash at bank and in hand 19 2,618,580 2,447,734 Creditors: Amounts falling due within one year 20 181,2811 170,7071 Net Current assets 2,537,299 2,377,027 Net assets 3,887,388 3,784,416 Funds of the group: Restricted 4,793 Unrestricted income funds Unrestricted 3,887,388 3,779,623 Total funds 23 3,887,388 3,784,416 These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The financial statements on pages 23 to 52 were approved by the trustees, and authorised for issue on 28 July 2024 and signed on their behalf by: J Thornton Trustee DHart Trustee 25 **BLEAKHOLT ANIMAL SANCTUARY** ## **(REGISTRATION NUMBER: 05434781) CHARITY BALANCE SHEET AS AT 31 DECEMBER 2023** |**Note**
**Fixed assets**
Tangible assets
14
Investments
15
**Current assets**
Debtors
17
Investments
18
Cash at bank and in hand
19
**Creditors: Amounts falling due within one year**
20
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted**
**Unrestricted income funds**
Unrestricted
**Total funds**
23|**2023**
**£**
1,350,089
100
1,350,189
516,078
1,023,741
1,067,336
2,607,155
(78,492)
2,528,663
3,878,852
-
3,878,852
3,878,852|**2022**
**£**
1,407,389
100| |---|---|---| |||1,407,489| |||438,331
272,169
1,726,268| |||2,436,768
(68,303)| |||2,368,465| |||3,775,954| |||4,793
3,771,161| |||3,775,954| These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The financial statements on pages 23 to 52 were approved by the trustees, and authorised for issue on 28 July 2024 and signed on their behalf by: **----- Start of picture text -----**
......................................... .........................................
J Thornton D Hart
Trustee Trustee
**----- End of picture text -----**
26 BLEAKHOLT ANIMAL SANcfuARY GROUP CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note Cash flows from operating activities Net cash income 102,972 200,692 Adjustments to cash flows from non-cash items Depreciation Investment income 89,794 123,6921 91,895 13,0201 17,700 Loss on disposal of investments Loss on disposal of fixed assets held for the group's own use 11,0001 168,074 307,267 Working capital adjustments Decrease in stocks 16 35 589 Increase in debtors Increase in creditors 17 177,8961 10,574 1112,6241 13,911 20 Net cash flows from operating activities l(X),787 209,143 Cash flows from investing artivities Interest receivable and similar income 23,692 132,4941 1,000 3,020 173,4131 Purchase of tangible fixed assets Sale of tangible fixed assets Sale of investments 14 150,540 Net cash flows from investing activities 17,8021 80,147 Net increase in cash and cash equivalents 92,985 289,290 Cash and cash equivalents at l January 2,006,418 1,717,128 Cash and cash equivalents at 31 December 25 2,099,403 2,006.418 Reconciliation of net cash flow to movement in net funds Increase in cash 92,985 289,290 Net funds at l January 2023 2,006,418 1,717,128 Net funds at 31 December 2023 2,099,403 2,006,418 All of the cash flows are derived from continuing operations durinE the above two periods. 27 BLEAKHOLT ANIMAL SANcfuARY CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note Cash flows from operating activities Net cash income 102,898 205,512 Adjustments to cash flows from non-cash items Depreciation Investment income 89,794 123,6921 91,895 13,0201 17,700 Loss on disposal of investments Loss on disposal of fixed assets held for the charity's own use 11,cN)01 168,000 312,087 Working capitsl adjustments Increase in debtors 17 177,7471 10,189 1112,1031 14,130 Increase in creditors 20 Net cash flows from operating activities l(X),442 214,114 Cash flows from investing artivities Interest receivable and similar income 23,692 132,4941 I,ocK) 3,020 173,4131 Purchase of tangible fixed assets Sale of tangible fixed assets Sale of investments 14 150,540 Net cash flows from investing activities 17,8021 80,147 Net increase in cash and cash equivalents 92,640 294,261 Cash and cash equivalents at l January 1,998,437 1,704,176 Cash and cash equivalents at 31 December 25 2,091,077 1,998,437 All of the cash flows are derived from continuing operations during the above two periods. 28 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 I Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. If the Charity is dissolved each of the members is liable to contribute such sum Inot exceeding £10) towards the assets of the Charity. The address of its registered office is: Bury Old Road Edenfield Ramsbottom Bury Lancashire BLO ORX 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accoLJnting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with 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 IFRS 1021 second edition October 2019 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006 and UK Generally Accepted Accounting Practice. Basis of preparation 8leakholt Animal Sanctuary meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accountinE policy notes. Basis of consolidation These financial statements consolidate the results of the charitable company and its wholly-owned subsidiary Bleakholt Shop Limited on a line by line basis. No statement of financial activities is presented for the charity as permitted by section 408 of the Companies Act 2006. The charity made a surplus after tax for the financial year of £102,898 12022 a surplus of £205,512). 29 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Going concern The trustees consider that there are no material uncertainties about the group's ability to continue as a going concern. There were no key judgements which the trustees have made which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. Income and endowments All income is recognised when the charity has entitlement to the funds, any performance conditions attached to the itemlsl of income have been met, it is probable that the income will be received and the amount measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken as the earlier of the date on which either= the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executorlsl to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Where gifts in kind have been made on trust for conversion into cash e.g. second hand goods for resale, the value of the gift is included in the period in which it Is sold. The trustees consider that it is not practicable to value those items awaiting sale at the balance sheet date and believe that the value of them would not be material to the accounts. Income received in advance of a provision of a specified service it is deferred until the criteria for income recognition are met. Grant5 receivoble Grants are recognised when the group has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Investment income 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. 30 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will k)e required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Cost of raising funds comprise premises costs, the cost of employing charity shop staff, the cost of goods for resale and the costs of commercial trading and their associated support costs. Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 9. Tangible fixed assets Individual fixed assets costing £l,CM)O or more are capitalised at cost. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less anv estimated residual value, over their expected useful economic life as follows: Asset class Freehold land Depreciation method and rate Freehold building Stables, kennels, catteries Vehicles & equipment 2%150 years straight line) IO¥o110 years straight line) 20Yo15 years straight line) 31 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Fixed asset investments Investments are a form of basic financial instrument and are intially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The charity does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitue of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. Current asset investments Current asset investments include cash investments with a notice period of greater than one week and deposit accounts intended to be held for the longer term. Stock Stock is included at the lower of cost or net realisable value. In general, cost is determined on a first in, first out basis. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving and defective stocks. Trade debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and cash in hand and short-term highly liquid investments Wlth a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Trade creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Fund strurture Unrestricted income funds are available to spend on activities that further any of the purposes of the group. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. 32 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Restricted income funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Financial instruments Classificotion The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Pensions Employees of the charity are entitled to join a defined contribution 'money purchase, scheme. The charity's contribution is restricted to the contributions disclosed in note 12. There were £850 outstanding contributions at the year end. The money purchase plan is managed by NEST and the plan invests the contributions made by the employee and employer in an investment fund to build up over the term of the plan a pension fund which is then converted into a pension upon the employee's normal retirement year age when eligible for a state pension. The total expense ratio of the plan is 0.3Y¢ and this is deducted from the investment fund annually. The trust has no liability beyond making its contributions and paying across the deductions for the employee's contributions. 33 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 3 Income from donations and legacies Unrestricted Total 2023 Designated General Restricted Donations and legacies- Donations 317,447 747,712 76 317,523 754,508 Legacies Grants. including capital grants,. Grants from other charities 6,796 62,750 62,750 1,127,909 6,872 1,134,781 Unrestricted Total 2022 Designated General Restricted Donations and legacies- Donations 340,228 790,667 1,318 I,OQK) 341,546 791,667 Legacies Grants, including capital grants,. Grants from other charities Regular giving and capital donations 62,750 62,750 16,110 16,110 1,193,645 18,428 1,212,073 4 Income from charitable activities Unrestricted Total 2023 Designated General Rehoming cats & dogs 108,584 108,584 Grants Bolton Guild of Help Audrey Emma Lamb Charitable Trust io,o(x) I,ocM) 10,000 1,000 119,584 119,584 34 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Total 2022 Designated General Restricted Rehoming cats & dogs 95,115 95,115 Grants Bolton Guild of Help ADCH/MARS 10,000 10,000 1,500 1,5(X) 105,115 1,500 106,615 5 Income from other trading artivitie5 Unrestricted Total 2023 Deslgnated General Turnover of Bleakholt Shop Charity shops Open days & stalls Tearoom sales 30,489 30,489 179,043 18,969 23,551 1,180 54,292 179,043 18,969 23,551 1,180 54,292 Membership Sundry 277,035 30,489 307,524 Unrestricted Total 2022 Designated General Turnover of Bleakholt Shop Charity shops Open days & stalls Tearoom sales 26,894 26,894 134,178 10,941 18,197 335 134,178 10,941 18,197 335 Membership Sundry 36,294 36,294 199,945 26,894 226,839 35 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 6 Investmerrt income Unrestricted Total 2023 Designated General Other investment income 23,692 23,692 Unrestricted Total 2022 Deslgnated General Other investment income 3,020 3,020 All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted. 7 Expenditure on raising funds Unrestricted Total 2023 Designated General Premises costs 38,733 7,405 9,936 1,4(X) 40,133 7,405 9,936 19,258 Goods for resale Sundry Trading subsidiary costs 19,258 56,074 20,658 76,732 Unrestricted Total 2022 Designated General Premises costs Goods for resale 33,699 5,051 8,821 1,4(XJ 35,099 5,051 8,821 18,161 Sundry Trading subsidiary costs 18,161 47,571 19,561 67,132 36 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 8 Expenditure on charitable activities Unrestricted Total 2023 Designated General Restricted Note Staff costs Animal feed, cleaning & other Veterinary fees Premises costs 717,452 717,452 60,243 258,996 158,007 1,5CX) 10,165 61,743 269,161 158,007 Office & administration 44,708 15,093 8,607 53,315 15,093 Insurance Legal & professional Depreciation Loss on disposal Governance costs 34,992 89,794 11,0001 6,170 1,150 36,142 89,794 11,0001 6,170 1,384,455 9,757 11,665 1,405,877 37 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Total 2022 Designated General Restricted Note Staff costs 665,951 665,951 Animal feed, cleaning & other Veterinary fees Premises Costs 48,607 202,518 124,924 562 49,169 221,364 124,924 18,846 Office & administration 49,961 13,130 11,003 60,964 13,130 Insurance Legal & professional Depreciation Governance costs 29,081 91,895 4,950 1,150 445 30,676 91,895 4,950 1,231,017 12,153 19,853 1,263,023 9 Analysis of govemance and support costs Governance costs Unrestricted Total 2023 Designated General Audit of the financial statements 6,170 6,170 6,170 6,170 Unrestricted Total 2022 Deslgnated General Audit of the financial statements 4,950 4,950 4,950 4,950 Basis of apportionment is Governance. 38 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10 Net incomingloutgoing resources Net incoming resources for the year include= 2023 2022 Audit fees 6,170 4,950 17,700 91,895 Loss on disposal of investments Depreciation of fixed assets 89,794 11 Trustees remuneration and expenses Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year12022.. £Nill. No member of the management committee received travel and subsistence expenses during the vear12022= £Nill. There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year12022.. £Nill. 12 Staff costs The aggregate payroll costs were as follows= 2023 2022 Staff costs during the year were: Wages and salaries Social security costs Pension costs 661,512 40,085 15,855 614,080 37,306 14.565 717,452 665,951 No employee received emoluments of more than £60,000 during the year. 39 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 The average number of staff employed by the group during the period was 38.0912022.. 36.691. The average full time equivalent number of staff employed by the group during the period was 33.15 12022.. 33.021. There were no staff employed by the subsidiary. The key management personnel of the charity comprise the Sanctuary Manager and Deputy Manager. The total employee benefits of the key management personnel of the charity were £65,68412022 - £62,069). 13 Taxation The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. The charity's trading subsidiary Bleakholt Shop Limited gift aids available profits to the parent charity. Its charge to corporation tax in the year was £Nil12022.' Nil). 14 Tangible fixed assets Group Stables, kennels catteries & fixtures Vehicles & equipment Freehold land and buildings Total Cost At l January 2023 Additions 107,642 27,065 752,200 5,429 1,663,464 2,523,306 32,494 At 31 December 2023 134,707 757,629 1,663,464 2,555,800 Depreciation At l January 2023 Charge for the year 106,246 2,093 541,894 55,812 467,777 1,115,917 31,889 89,794 At 31 December 2023 108,339 597,706 499,666 1,205,711 Net book value At 31 December 2023 26,368 159,923 1,163,798 1,350,089 At 31 December 2022 1,396 210,306 1,195,687 1,407,389 40 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Stables, kennels catteries & fixtures Vehicles & equipment Freehold land and buildings Total Cost At l January 2023 Additions 107,642 27,065 748,029 5,429 1,663,464 2,519,135 32,494 At 31 December 2023 134,707 753,458 1,663,464 2,551,629 Depreciation At l January 2023 Charge for the year 106,246 2,093 537,723 55,812 467,777 1,111,746 31,889 89,794 At 31 December 2023 108,339 593,535 499,666 1,201,540 Net book value At 31 December 2023 26,368 159,923 1,163,798 1,350,089 At 31 December 2022 1,396 210,306 1,195,687 1,407,389 41 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15 Fixed asset investments Charity 2023 2022 Shares in group undertakings and participating interests loo loo Shares In group undertakings and partlclpatlng Interests Unlisted shares in Bleakholt Shop Limited Total Cost At l January 2023 loo loo At 31 December 2023 loo loo Net book value At 31 December 2023 loo 100 At 31 December 2022 loo loo 42 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Subsidiaries The Charitable company owns the whole of the issued ordinary share capital of Bleakholt Shop Limited, a company registered in England, company number 3592986. The subsidiary is used for non-primary purpose trading activities. Available profits are gift aided to the charitable company within 9 months of the year end. Subsequent to FRC guidance on the application of FRS102, Bleakholt Shop no longer accrues the gift aid in the accounts in which the profit was made. A summary of the results of the subsidiary is shown below.. 2023 2022 Profit and loss account Turnover 30,489 119,2581 12,6951 18,4621 26,894 118,1611 12,9791 110,5741 Cost of sales Administration costs Donation to parent charity 74 14,8201 2023 2022 Balance sheet Current assets 12,060 13,4241 11,750 13,1881 Creditors.. Amounts falling due within one year 8,636 8,562 Called up share capital Profit and loss account loo loo 8,536 8,462 8,636 8,562 43 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16 Stock Group Charity 2023 2022 2023 2022 Stocks 3,634 3,669 17 Debtors Group Charity 2023 2022 2023 2022 Due from group undertakings VAT recoverable Other debtors & prepayments 535 684 17,608 497,935 14,401 423,246 17,608 497,935 14,401 423,246 515,543 437,647 516,078 438,331 18 Current asset investments Group Charity 2023 2022 2023 2022 NS&I account 182,733 181.161 182,733 181,161 Skipton Building Society 3 year fixed bond NS&I guaranteed income bond Cambridge and Counties Treasury Deposit 41,008 50,000 250,000 S00,0(M) 41,008 50,OCX) 41,008 50,000 250,0(X) 500,000 41,008 50,000 1,023,741 272,169 1,023,741 272,169 19 Cash at bank and in hand Group Charlty 2023 2022 2023 2022 Short term cash investments Iless than 3 months maturity datel Short-term deposits Cash at bank 171,515 844,446 59,701 165,199 1,425,278 143,772 171,515 844,446 51,375 165,199 1,425,278 135,791 1,075,662 1,734,249 1,067,336 1,726,268 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20 Creditors: amounts falling due within one year Group Charity 2023 2022 2023 2022 Trade creditors Other taxation and social security Other creditors 35,623 35,680 35,284 34,426 10,177 850 8,560 318 10,177 850 8,560 318 Accruals 34,631 26,149 32,181 24,999 81,281 70,707 78,492 68,303 21 Obligations under leases and hire purchase contracts Operating lease commitments Total future minimum lease payments under non-cancellable operating leases are as follows: 2023 2022 Land and bulldlngs Within one year Between one and five years 7,880 10,200 18,500 17,733 18,080 36,233 22 Contingent assets Group As at the period end the charity has been notified of £758,5(K) legacies the value of which are uncertain. These legacies have not been recognised in the accounts. 45 tho 11- 111111 .111 11- 111 '111 '11 11- 11111 11- 111-11 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 The specific purposes for which the funds are to be applied are as follows= Contlnulty fund The free reserves after allowing for all designated funds. Continuity fund is a general reserve which will enable the charity to continue providing its services in the event of a significant drop in funding. Bleakholt Shop This is the working capital of the trading subsidiary. Development fund This fund has been ring-fenced for the development and refurbishment of the sanctuary. Fixed asset fund This fund represents the net book value of fixed assets already held. Whilst the value of these assets is included within the total funds of the charity, they do not represent liquid/expendable amounts and should be segregated accordingly. Outdoor cattery renovation Monies recieved from Bolton Guild of Help in February 2020 for the renovation of the outdoor cat pens. Further grants were received in 2021 from Battersea and Pets at Home Foundation. Donkey Roof project An appeal was made to raise money to replace the roof on the donkey stables, the appeal allowed for any monies remaining following completion of the new roof to be used for the Sanctuary as general purpose funds. Care of Cats During the year a legacy was received for general care of cats. ADCHIMARS A grant received for feeding dogs and cats. Care of Donkeys A legacy was received in 2022 for general care of donkeys. 50 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 24 Analysis of net assets between funds Unrestricted 2023 Total funds General Designated Tangible fixed assets Current assets 1,350,089 1,028,763 1,350,089 2,618,580 181,2811 1,589,817 181,2811 Current liabilities Total net assets 1,508,536 2,378,852 3,887,388 Unrestrirted 2022 Totsl funds General Designated Restricted Tangible fixed assets Current assets 1,407,389 863,772 1,407,389 2,447,734 170,7071 1,579,169 170,7071 4,793 Current liabilities Total net assets 1,508,462 2,271,161 4,793 3,784,416 51 BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 25 Cash and cash equivalents Group At ljanuary 2023 At31 December 2023 Note Cash flow Cash at bank and in hand 19 1,734,249 1658,5871 272,169 751,572 1,075,662 Current asset investments 18 1,023,741 2,006,418 92,985 2,099,403 At31 December 2022 At ljanuary 2022 Cash flow Cash at bank and in hand 19 1,444,978 289,271 1,734,249 Current asset investments 18 272,150 19 272,169 1,717,128 289,290 2,006,418 Charity At31 December 2023 At lJ3nuary 2023 Note Cash flow Cash at bank and in hand 19 1,726,268 1658,9321 272,169 751,572 1,067,336 1,023,741 Current asset investments 18 1,998,437 92,640 2,091,077 At ljanuary 2022 At31 December 2022 Cash flow Cash at bank and in hand 19 1,432,026 294,242 1,726,268 Current asset investments 18 272,150 19 272,169 1,704,176 294,261 1,998,437 52