REGISTERED COMPANY NUMBER: 05735159 (England and Wales) REGISTERED CHARITY NUMBER: 1117113
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
EDEN ANIMAL RESCUE
John Andrew Chartered Accountants 17-19 Market Street KIRKBY STEPHEN Cumbria CA17 4QS
EDEN ANIMAL RESCUE
Contents of the Financial Statements for the Year Ended 31 March 2023
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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6 to 7
Statement of Cash Flows 8
Notes to the Statement of Cash Flows 9
Notes to the Financial Statements 10 to 18
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EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)
Report of the Trustees for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Eden Animal Rescue has been caring for animals since 1995.
As well as welfare needs and behavioural work, we also pay veterinary bills for annual vaccinations, neutering, any treatment required and micro-chipping for the dogs and cats. While an animal is with us we provide care, companionship and understanding and do all we can to find it a good home.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity objectives are set out in the Memorandum of Association dated 8th November 2006.
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1 To prevent cruelty to animals and relieve the suffering and distress of all animals in need of care and attention.
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2 To help neglected or unwanted animals, to arrange for the provision of good homes for them.
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3 To ensure that the animal is released to an approved home only, to maintain an interest in its welfare and to take the animal back into the care of the Charity if the owner is unable to care for it in a proper manner.
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4 To ensure that such animals are not euthanised other than on the recommendation and advice of a veterinary surgeon.
Significant activities
To achieve our objectives, we operate our Rescue Centre at Moorlands Head Farm. We believe all animals deserve a chance at finding a home so the charity continues to accept feral cats and dogs with behavioural issues. Many charities will not accept these animals and much time is devoted to our more challenging residents to give them the best chance possible. We remain very proud of our policy in not euthanising animals except after the advice and recommendation of a veterinary surgeon.
Public benefit
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.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In 2022-23 we re-homed 89 cats, 134 kittens under 6 months, 59 dogs and puppies and 17 small furries like rabbits, guinea pigs and ferrets. But at the same time we took in 114 cats and 104 kittens under 6 months, 62 dogs and 12 small furries. They came from diverse backgrounds and with an equally wide range of behaviours and problems to which we had to respond. We continued to make use of Frame, Swift and Partners as our vets and were able to work closely with them to ensure the animals who came to us received the best of care.
FINANCIAL REVIEW
Financial position
The Charity's financial position at the end of the financial period remains sound.
Reserves policy
Our reserve policy was reviewed by the Board of trustees and remained at £300,000. The Reserve Fund's purpose is to ensure the Charity can function for up to one year in an emergency or crisis. This policy was introduced after the Foot & Mouth outbreak in Cumbria. Income essentially dried up at that time and the Charity only just survived.
Trustees will continue to review the reserve policy amount on an annual basis.
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EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)
Report of the Trustees for the Year Ended 31 March 2023
FUTURE PLANS
The Trustees have been able to start the work on the kennel project. New regulations on drainage meant the charity had to satisfy the Environment Agency about the impact on the surrounding area before work could even start. By the middle of November 2022 they able to submit a formal Planning Application to Eden District Council. Sadly this has been delayed by objections on the grounds of noise nuisance and caused extra expense in employing specialists to deal with this. However, despite making some adjustments to the original proposals, some six months they are still awaiting a decisions.
The trustees are working on reviewing the administrative procedures of the Charity.
The Trustees are keen to widen the support of the Charity through increasing membership, volunteering and attracting more people to think about becoming Trustees.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
A revised set of governing documents are to be submitted to the 2023 AGM to reflect developments since 2006 including provision for dealing with governance in the event of any future lockdowns and the increasing use of e-mail. The Trustees are elected each year at the AGM by the members and the charity is administered and managed by them. The Trustees meet regularly and are responsible for managing such areas as finance, staffing, risk management and development of the charity. Responsibility for the day to day operation of the rescue centre is delegated to the General Manager with the support of trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05735159 (England and Wales)
Registered Charity number 1117113
Registered office
17-19 Market Street Kirkby Stephen Cumbria CA17 4QS
Trustees
Mrs J Whitfield C W Cheetham Mrs F V Flower R G Holder D H Simmons Dr S Albone Mrs J E Wood (resigned 14/7/22) D Robinson (appointed 23/2/23)
Independent Examiner
John Andrew FCA John Andrew Chartered Accountants 17-19 Market Street KIRKBY STEPHEN Cumbria CA17 4QS
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EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)
Report of the Trustees for the Year Ended 31 March 2023
Approved by order of the board of trustees on 13 July 2023 and signed on its behalf by:
C W Cheetham - Trustee
Page 3
Independent Examiner's Report to the Trustees of Eden Animal Rescue
Independent examiner's report to the trustees of Eden Animal Rescue ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
John Andrew FCA The Institute of Chartered Accountants in England and Wales
John Andrew Chartered Accountants 17-19 Market Street KIRKBY STEPHEN Cumbria CA17 4QS
13 July 2023
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EDEN ANIMAL RESCUE
Statement of Financial Activities for the Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Charitable activities 6 Promoting & Providing Animal Welfare Other trading activities 4 Investment income 5 Total EXPENDITURE ON Raising funds 7 Charitable activities 8 Promoting & Providing Animal Welfare Charity Shop Penrith Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 990,656 28,789 131,543 10,011 1,160,999 17,473 304,112 29,370 350,955 810,044 1,581,318 2,391,362 |
Restricted fund £ 9,325 - - - 9,325 83 1,992 - 2,075 7,250 - 7,250 |
31/3/23 Total funds £ 999,981 28,789 131,543 10,011 1,170,324 17,556 306,104 29,370 353,030 817,294 1,581,318 2,398,612 |
31/3/22 Total funds £ 179,005 28,724 115,010 8,199 330,938 14,329 252,592 24,632 291,553 39,385 1,541,933 1,581,318 |
|---|---|---|---|---|
The notes form part of these financial statements
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EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)
Statement of Financial Position 31 March 2023
| Notes FIXED ASSETS Tangible assets 14 CURRENT ASSETS Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 982,466 28,641 1,384,913 1,413,554 (4,658) 1,408,896 2,391,362 2,391,362 |
Restricted fund £ 6,619 - 631 631 - 631 7,250 7,250 |
31/3/23 Total funds £ 989,085 28,641 1,385,544 1,414,185 (4,658) 1,409,527 2,398,612 2,398,612 2,391,362 7,250 2,398,612 |
31/3/22 Total funds £ 976,570 19,458 593,833 613,291 (8,543) 604,748 1,581,318 1,581,318 1,581,318 - 1,581,318 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159)
Statement of Financial Position - continued 31 March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 July 2023 and were signed on its behalf by:
C W Cheetham - Trustee
R G Holder - Trustee
The notes form part of these financial statements
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EDEN ANIMAL RESCUE
Statement of Cash Flows for the Year Ended 31 March 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31/3/23 £ 834,673 834,673 (46,639) 3,677 (42,962) 791,711 593,833 1,385,544 |
31/3/22 £ 65,400 65,400 (59,794) 2,113 (57,681) 7,719 586,114 593,833 |
|---|---|---|
The notes form part of these financial statements
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EDEN ANIMAL RESCUE
Notes to the Statement of Cash Flows for the Year Ended 31 March 2023
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in debtors Decrease in creditors Net cash provided by operations |
31/3/23 £ 817,294 34,124 (3,677) (9,183) (3,885) 834,673 |
31/3/22 £ 39,385 36,769 (2,113) (8,602) (39) 65,400 |
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2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank and in hand Total |
At 1/4/22 £ 593,833 593,833 593,833 |
Cash flow £ 791,711 791,711 791,711 |
At 31/3/23 £ 1,385,544 1,385,544 1,385,544 |
|---|---|---|---|
The notes form part of these financial statements
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EDEN ANIMAL RESCUE
Notes to the Financial Statements for the Year Ended 31 March 2023
1. AUDIT EXEMPTION
During 2023 the charity received a single donation of £750,000 this took the gross income over the audit limited. An audit exemption was applied for and granted by the Charities Commission
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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|Freehold property|- 2% on cost|
|Short leasehold|- 20% on cost|
|Improvements to property|- 2% on reducing balance|
|Plant and machinery|- 25% on reducing balance|
|Fixtures and fittings|- 25% on reducing balance|
|Motor vehicles|- 25% on reducing balance|
|Computer equipment|- 12.5% on reducing balance|
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Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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EDEN ANIMAL RESCUE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
2. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
3. DONATIONS AND LEGACIES
4.
| Donations Gift aid Legacies Grants Membership subscriptions Bag packs Jenny Whitfield cards Collecting boxes Funeral collections Grants received, included in the above, are as follows: Various Incoming unrestricted grants OTHER TRADING ACTIVITIES Fundraising events Shop income Sponsorships Social lotteries Commissions received Insurance for loss of earnings |
31/3/23 £ 58,555 680 904,350 7,039 860 251 6,333 8,903 13,010 999,981 31/3/23 £ 7,039 31/3/23 £ 21,466 96,924 7,475 5,353 325 - 131,543 |
31/3/22 £ 71,235 - 86,770 4,667 865 - 3,087 4,536 7,845 179,005 31/3/22 £ 4,667 31/3/22 £ 11,048 73,321 1,115 4,365 161 25,000 115,010 |
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EDEN ANIMAL RESCUE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
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5. INVESTMENT INCOME
31/3/23 31/3/22
£ £
Rents received 6,334 6,086
Deposit account interest 3,677 2,113
10,011 8,199
6. INCOME FROM CHARITABLE ACTIVITIES
31/3/23 31/3/22
Activity £ £
Animal fees - dogs Promoting & Providing Animal Welfare 10,720 7,150
Animal fees - cats Promoting & Providing Animal Welfare 9,102 12,550
Animal fees - kittens Promoting & Providing Animal Welfare 7,325 6,260
Animal fees - other Promoting & Providing Animal Welfare 445 110
Merchandise Promoting & Providing Animal Welfare 1,197 2,628
Donated Goods Promoting & Providing Animal Welfare - 26
28,789 28,724
7. RAISING FUNDS
Raising donations and legacies
31/3/23 31/3/22
£ £
Support costs 17,556 14,329
8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 9) Totals
£ £ £
Promoting & Providing Animal Welfare 194,749 111,355 306,104
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Charity Shop Penrith 29,370 29,370
194,749 140,725 335,474
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EDEN ANIMAL RESCUE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
9. SUPPORT COSTS
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|---|---|---|---|---|---|
|Governance|
|Management|Finance|Shop|costs|Totals|
|£|£|£|£|£|
|Raising donations and|
|-|-|-|
|legacies|17,556|17,556|
|Promoting & Providing|
|Animal Welfare|104,350|1,540|-|5,465|111,355|
|Charity Shop Penrith|-|-|28,862|508|29,370|
|121,906|1,540|28,862|5,973|158,281|
|Activity|Basis of allocation|
|Management|Time spent by staff and directors|
|Finance|Time spent by staff and directors|
|Shop|Direct attributable shop expenses|
|Governance costs|Fees attributable to relevant activity|
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10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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|---|---|---|
|31/3/23|31/3/22|
|£|£|
|Depreciation - owned assets|34,124|36,769|
|Hire of plant and machinery|4,874|4,294|
|Other operating leases|16,234|20,664|
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11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
The trustees undertake administrative duties in their own time. They are not reimbursed for their time or costs.
12. STAFF COSTS
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|---|---|---|
|31/3/23|31/3/22|
|£|£|
|Wages and salaries|150,025|115,048|
|Other pension costs|1,944|1,331|
|151,969|116,379|
|The average monthly number of employees during the year was as follows:|
|31/3/23|31/3/22|
|Employees|12|9|
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EDEN ANIMAL RESCUE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
12. STAFF COSTS - continued
No employees received emoluments in excess of £60,000.
| 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 179,005 Charitable activities Promoting & Providing Animal Welfare 28,724 Other trading activities 115,010 Investment income 8,199 Total 330,938 EXPENDITURE ON Raising funds 14,329 Charitable activities Promoting & Providing Animal Welfare 252,592 Charity Shop Penrith 24,632 Total 291,553 NET INCOME 39,385 RECONCILIATION OF FUNDS Total funds brought forward 1,541,933 TOTAL FUNDS CARRIED FORWARD 1,581,318 |
Restricted fund £ - - - - - - - - - - - - |
Total funds £ 179,005 28,724 115,010 8,199 330,938 14,329 252,592 24,632 291,553 39,385 1,541,933 1,581,318 |
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EDEN ANIMAL RESCUE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
14. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Freehold property £ 629,570 - 629,570 88,137 12,591 100,728 528,842 541,433 Fixtures and fittings £ 49,234 - 49,234 47,102 533 47,635 1,599 2,132 |
Improvements Short to Plant and leasehold property machinery £ £ £ 7,795 437,161 65,574 - 43,342 3,297 7,795 480,503 68,871 1,559 49,882 27,749 1,559 8,744 10,281 3,118 58,626 38,030 4,677 421,877 30,841 6,236 387,279 37,825 Motor Computer vehicles equipment Totals £ £ £ 8,200 863 1,198,397 - - 46,639 8,200 863 1,245,036 6,741 657 221,827 365 51 34,124 7,106 708 255,951 1,094 155 989,085 1,459 206 976,570 |
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EDEN ANIMAL RESCUE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors VAT Prepayments 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accruals and deferred income 17. MOVEMENT IN FUNDS At 1/4/22 £ Unrestricted funds General fund 1,281,318 Trustees Reserve 300,000 1,581,318 Restricted funds Fund relating to Restricted Grants - TOTAL FUNDS 1,581,318 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,160,999 Restricted funds Fund relating to Restricted Grants 9,325 TOTAL FUNDS 1,170,324 |
31/3/23 £ 14,385 11,131 3,125 28,641 31/3/23 £ 1,514 940 2,204 4,658 Net movement in funds £ 810,044 - 810,044 7,250 817,294 Resources expended £ (350,955) (2,075) (353,030) |
31/3/22 £ 8,007 8,326 3,125 19,458 31/3/22 £ 5,457 672 2,414 8,543 At 31/3/23 £ 2,091,362 300,000 2,391,362 7,250 2,398,612 Movement in funds £ 810,044 7,250 817,294 |
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EDEN ANIMAL RESCUE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/4/21 £ Unrestricted funds General fund 1,241,933 Trustees Reserve 300,000 1,541,933 TOTAL FUNDS 1,541,933 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 330,938 TOTAL FUNDS 330,938 A current year 12 months and prior year 12 months combined position is as follows: At 1/4/21 £ Unrestricted funds General fund 1,241,933 Trustees Reserve 300,000 1,541,933 Restricted funds Fund relating to Restricted Grants - TOTAL FUNDS 1,541,933 |
Net movement in funds £ 39,385 - 39,385 39,385 Resources expended £ (291,553) (291,553) Net movement in funds £ 849,429 - 849,429 7,250 856,679 |
At 31/3/22 £ 1,281,318 300,000 1,581,318 1,581,318 Movement in funds £ 39,385 39,385 At 31/3/23 £ 2,091,362 300,000 2,391,362 7,250 2,398,612 |
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EDEN ANIMAL RESCUE
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Fund relating to Restricted Grants TOTAL FUNDS |
Incoming resources £ 1,491,937 9,325 1,501,262 |
Resources expended £ (642,508) (2,075) (644,583) |
Movement in funds £ 849,429 7,250 856,679 |
|---|---|---|---|
Designated Funds
Following the financial risks highlighted by the Covid-19 pandemic the trustees increased the Trustees Reserve to £300,000, to provide a safeguard against sustained loss of donations income and/or unforeseen major items of expenditure.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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