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|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|
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|||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|
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|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|
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|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|
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||||||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|
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|||||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|
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|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|
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||||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|
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|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|
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|||||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|
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||||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|
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||||||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|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021|2020|
|6||
|1,760,027|(1,077,321)|
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|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|
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|||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|
##
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|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.||||||
##
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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|
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