2021-03-31-accounts

Trustees			D W Band
			J R Dale
			Mrs A R Jarvis MBE
Founder	and Chief Executive Officer		Mrs A RJarvis MBE
Patrons			Virginia McKenna
			Sir Paul McCartney
Charity	number		1134680
Company		number	07004861
Registered office			10 Market Square
			Hayle
			Cornwall
			United Kingdom
			TR27 4HE
Auditor			Azets Audit Services
			Woodlands Court
			Truro Business Park
			Tiui0
			Cornwall
			United Kingdom
			TR4 9NH
Bankers			Barclays Bank UK Pic
			1 Church Place
			London
			United Kingdom
			E145HP
Solicitors			Nalders
			Farley House
			Falmouth Road
			Truro
			Cornwall
			United Kingdom
			TR1 2HX
			Vingoe Lloyd
			33StJohns Street
			Hayle
			Cornwall
			United Kingdom
			TR27 4LL

		Page
Trustees' report		1-4
Statement oftrustees'	responsibilities
Independent auditor's	report	6-8
Statement of financial	activities	9-10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-26

Current financial year
			Unrestricted	Restricted	Total	Total
			funds	funds
			2021	2021	2021	2020
		Notes		6	6	6
Long
Donations and legacies		5	6,985,378		6,985,378	5,634,416
Other trading activities		3	151,644		151,644	122,419
Investments		4	390,428		390,428	538,532
Total income			7,527,450		7,527,450	6,295,367
L~n
Raising funds		6	81,356		81,356	72,316
Chari able a tivities
Poldarves Sanctuary		7	101,829		101,829	108,242
Hillside Sanctuary		7	130,696		130,696	114,259
Community Services		7	3,073,233		3,073,233	3,063,452
Sunnyside & Migbank		7	2,498		2,498	1,720
Total charitable expenditure			3,308,256		3,308,256	3,287,673
Total resources expended			3,389,612		3,389,612	3,359,989
Net gains/(losses) on investments		12	1,760,027		1,760,027	(1,077,321)
Net incoming resources	before transfers		5,897,865		5,897,865	1,858,057
Gross transfers between	funds		3,566	(3,566)
Net movement in funds			5,901,431	(3,566)	5,897,865	1,858,057
Fund balances at 1 April	2020		39,989,364	421,183	40,410,547	38,552,490
Fund balances at 31 March 2021			45,890,795	417,617	46,308,412	40,410,547

Prior financial	year
				Unrestricted	Restricted	Total
				funds	funds
				2020	2020	2020
			Notes	6	6
Income from:
Donations and	legacies		5	5,634,416		5,634,416
Other trading activities			3	122,419		122,419
Investments			4	538,532		538,532
Total income				6,295,367		6,295,367
AX n~t
Raising funds				72,316		72,316
Poldarves Sanctuary			7	108,242		108,242
Hillside Sanctuary			7	114,259		114,259
Community Services			7	3,063,452		3,063,452
Sunnyside & Millbank			7	1,720		1,720
Total charitable expenditure				3,287,673		3,287,673
Total resources expended				3,359,989		3,359,989
Net gains/(losses) on investments			12	(1,077,321)		(1,077,321)
Net incoming	resources	before transfers		1,858,057		1,858,057
Gross transfers	between	funds		3,566	(3,566)
Net movement	in funds			1,861,623	(3,566)	1,858,057
Fund balances	at 1 April	2019		38,127,741	424,749	38,552,490
Fund balances	at 31 March 2020			39,989,364	421,183	40,410,547

					2021	2020
				Notes	f	f
Fixed assets
Tangible assets				13	2,574,579	2,629,792
Investments				14	19,128,809	17,089,607
					21,703,388	19,719.399
Current assets
Stocks				16	34,811	23,986
Debtors				15	2,285,834	1,685,475
Cash at bank and		in	hand		22,469,089	19,111,617
					24,789,734	20,821,078
Creditors:	amounts		falling due within
one year				17	(184,710)	(129,930)
Net current	assets				24,605,024	20,691,148
Total assets less		current liabilities			46,308,412	40,410,547
Income funds
Restricted	funds			19	417,617	421,183
Unrestricted	funds				45,890,795	39,989,364
					46,308,412	40,410,547

				2021	2020
			Notes	6	6
Cash flows from operating		activities
Cash generated from operations			21	3,292,717	3,073,153
Investing	activities
Purchase	oftangible fixed assets			(46,498)	(35,898)
Purchase	of investments			(9,694,615)	(9,037,977)
Proceeds	on disposal of investments			9,415,440	8,718,042
Interest and dividends received				390,428	538,532
Net cash	generated from	investing
activities				64,755	182,699
Net cash	used in financing	activities
Net increase in cash and cash equivalents				3,357,472	3,255,852
Cash and	cash equivalents	at beginning	ofyear	19,111,617	15,855,765
Cash and	cash equivalents	at end of	year	22,469,089	19,111,617

Freehold property	2% on cost
Plant and equipment	25% on reducing	balance
Fixtures and fittings	25% on reducing	balance
Motor vehicles	25% on reducing	balance
Office equipment	25% on reducing	balance

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
				f
CT100 Club		income	51,997	43,895
Catalogue	income		99,647	78,524
Other trading		activities	151,644	122,419

		Unrestricted	Unrestncted
		funds	funds
		2021f	2020f
Income	from listed investments	376,897	464,736
Interest	receivable	13,531	73,796
		390,428	538,532

Donations	and legacies
			Unrestricted	Unrestricted
			funds	funds
			2021	2020
Donations	and gifts (including	giR aid)	681,606	737,930
Legacies receivable			6,282,569	4,896,486
Government	grants receivable		21,203
			6,985,378	5,634,416

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
					6
Fundraisin		and	ublici
Staging	fundraising		events	3,847	23,060
L%dcht		I
Purchases				77,509	49,256
				81,356	72,316

			Poldarves	Hillside	Community	Sunnyside	Total	Total
			Sanctuary	Sanctuary	Services	&Millbank	2021	2020
			2021	2021	2021	2021
					5	f
Staff costs					1,590,634		1,590,634	1,548,735
Depreciation	and
impairment					96,733		96,733	108,009
Hire of plant	and
machinery			(1)		3,627		3,626	3,436
Rents, rates	and	water	2,643	3,619	5,609	499	12,370	10,833
Insurance					41,456		41,456	40,729
Light and heat			14,361	11,090	8,726	28	34,205	33,101
Telephone			1,481	2,699	20,293	889	25,362	22,181
Postage and	stationery		19	186	208,556		208,761	201,495
Advertising					5,838		5,838	6,313
Animal supplies		(non food)	6,686	10,728	52,539		69,953	89,633
Animal feed			33,099	30,361	28,452		91,912	89,109
Cleaning			2,829	3,941	11,018	263	18,051	17,897
Repairs and	renewals		10,093	21,268	9,644	819	41,824	25,843
Computer costs				137	61,612		61,749	62,678
Motor expenses			3,930	3,083			7,013	8,915
Veterinary fees and
medicines			24,004	41,683	670,404		736,091	696,253
Travelling			17	117	120,645		120,779	133,689
Other charitable
expenditure			2,668	1,784	137,447		141,899	188,824
			101,829	130,696	3,073,233	2,498	3,308,256	3,287,673
			101,829	130,696	3,073,233	2,498	3,308,256	3,287,673

	2021	2020
	6
Staff costs	347,942	371,990
Office expenditure	239,575	224,485
Computer costs	61,749	62,678
Depreciation	96,733	108,009
	745,999	767,162

					2021	2020
					Number	Number
Sanctuary	staff				39	36
Community		support	and administrative	staff	39	43
Assessors						9
Total					78	88
Employment		costs			2021	2020
					6	6
Wages and		salaries			1,454,513	1,426,064
Social security costs					110,089	99,705
Other pension costs					26,032	22,966
					1,590,634	1,548,735

11	Net movement in funds			2021f	2020 6
	Net movement in funds is stated	after charging/(crediting)
	Depreciation ofowned tangible	fixed	assets	96,734	108,009
	Loss on disposal oftangible fixed assets			4,997	4,109
	Hire of plant and machinery			3,626	3,436
	Auditors remuneration			6,900	5,000
	Auditors remuneration for non-audit		work	1,800	3,084

Unrestricted	Unrestricted
funds	funds
2021	2020
6
1,760,027	(1,077,321)

			4l	'(C N CD	Cl Ol ht	I O CO		N CO	'C CA I	O (A CO	CO Ch
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				N			N					N

Fixed as	set investments
		Listed	Cash in	Total
		investments	portfolio
		6
Cost or valuation
At 1 April	2020	15,831,877	1,257,730	17,089,607
Additions		9,694,615		9,694,615
Valuation	changes	1,760,026		1,760,026
Disposals		(8,371,790)	(1,043,650)	(9,415,440)
At 31 March 2021		18,914,728	214,080	19,128,808
Carrying	amount
At 31 March 2021		18,914,728	214,080	19,128,808
At 31 March 2020		15,831,877	1,257,730	17,089,607

15	Debtors
				2021	2020
	Amounts falling due		within one year:	6	6
	Prepayments	and accrued income		2,285,834	1,685,475
16	Stocks
				2021	2020
	Goods for resale			34,811	23,986
17	Creditors: amounts		falling due within one year
				2021	2020
	Other taxation	and social security		26,522
	Trade creditors			118,636	96,488
	Other creditors			5,200	24,041
	Accruals and	deferred	income	34,352	9,401
				184,710	129,930

		Balance at	Transfers	Balance at	Transfers	Balance at
		1April 20t9		1April 2020		31 March 2021
		E	E	E	E	E
Property	and facilities reserve	275,000		275,000		275,000
Hillside	Sanctuary	149,749	(3,566)	146,183	(3,566)	142,617
		424,749	(3,566)	421,183	(3,566)	417,617

20	Analysis of	net assets	between funds
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
			E	E	E	E	E	E
	Fund balances at 31
	March 2021	are
	represented	by:
	Tangible assets		2,431,962	142,617	2,574,579	2,483,609	146,183	2,629,792
	Investments		19,128,809		19,128,809	17,089,607		17089607
	Current assets/
	(liabilities)		24,330,024	275,000	24,605,024	20,416,148	275,000	20,691,148
			45,890,795	417,617	46,308,412	39,989,364	421,183	40,410,547

21	Cash generated from	operations	operations				2021	2020
								6
	Surplus for the year						5,897,866	1,858,051
	Adjustments for:
	investment income recognised		in statement		offinancial	activities	(390,428)	(538,532)
	Loss on disposal oftangible fixed assets						4,977	4,107
	Fair value gains and losses on		investments				(1,760,027)	1,077,321
	Depreciation and impairment oftangible			fixed assets			96,733	108,009
	Movements in working	capital:
	(Increase) in stocks						(10,825)	(4,196)
	(Increase)/decrease in	debtors					(600,359)	526,479
	Increase in creditors						54,780	41,914
	Cash generated from	operations					3,292,717	3,073,153
22	Analysis ofchanges	in net funds
	The charity had no debt during		the year.

under non-cancellable operating leases, which fall due a	s follows:
	2021	2020
	6	F
Within one year	942	3,228
Between two and five years	394	7,300
	1,336	10,528