2022-03-31-accounts

Trustees			D W Band
			J R Dale
			MrsAR Jarvis MBE
			Patricia Atkins	(Appointed	4 November
				2022)
Founder	and Chief Executive Officer		Mrs A R Jarvis MBE
Patrons			Virginia McKenna
			Sir Paul McCartney
Charity	number		1134680
Company		number	07004861
Registered		office	10Market Square
			Hayle
			Cornwall
			United Kingdom
			TR27 4HE
Auditor			Azets Audit Services
			Woodlands Court
			Truro Business Park
			Truro
			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 offinancial	activities	9-10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-25

Current financial year
			Unrestricted	Restricted	Total	Total
			funds	funds
			2022	2022	2022	2021
		Notes			E
Income from:
Donations and legacies		4	6,200,903		6,200,903	6,985,378
Other trading activities		2	145,531		145,531	151,644
Investments		3	421,481		421,481	390,428
Total income			6,767,915		6,767,915	7,527,450
Ex enditure on:
Raising funds			90,399		90,399	81,356
Charitable activities
Poldarves Sanctuary			120,618		120,618	101,829
Hillside Sanctuary			153,515		153,515	130,696
Community Services			3,123,750		3,123,750	3,073,233
Sunnyside 8 Millbank			13,876		13,876	2,498
Total charitable expenditure			3,411,759		3,411,759	3,308,256
Total expenditure			3,502,158		3,502,158	3,389,612
Net gains on investments		10	175,087		175,087	1,760,027
Net incoming resources	before transfers		3,440,844		3,440,844	5,897,865
Gross transfers between	funds		3,566	(3,566)
Net movement in funds			3,444,410	(3,566)	3,440,844	5,897,865
Fund balances at 1 April	2021		45,890,795	417,617	46,308,412	40,410,547
Fund balances at 31 March 2022			49,335,205	414,051	49,749,256	46,308,412

Prior financial year
			Unrestricted	Restricted	Total
			funds	funds
			2021	2021	2021
		Notes		E
Income from:
Donations and legacies			6,985,378		6,985,378
Other trading activities			151,644		151,644
Investments			390,428		390,428
Total income			7,527,450		7,527,450
Ex enditure on:
Raising funds			81,356		81,356
Charitable activities
Poldarves Sanctuary			101,829		101,829
Hillside Sanctuary			130,696		130,696
Community Services			3,073,233		3,073,233
Sunnyside 8 Millbank			2,498		2,498
Total charitable expenditure			3,308,256		3,308,256
Total expenditure			3,389,612		3,389,612
Net gains/(losses) on investments		10	1,760,027		1,760,027
Net incoming resources	before transfers		5,897,865		5,897,865
Gross transfers between	funds		3,566	(3,566)
Net movement in funds			5,901,431	(3,566)	5,897,865
Fund balances at 1 April	2020		39,989,364	421,183	40,410,547
Fund balances at 31 March 2021			45,890,795	417,617	46,308,412

					2022	2021
				Notes
Fixed assets
Tangible assets				12	2,508,027	2,574,579
Investments				13	19,613,436	19,128,809
					22,121,463	21,703,388
Current assets
Stocks				14	19,409	34,811
Debtors				15	1,566,105	2,285,834
Cash at bank		and in	hand		26,205,447	22,469,089
					27,790,961	24,789,734
Creditors:	amounts		falling due within
one year				16	(163,168)	(184,710)
Net current	assets				27,627,793	24,605,024
Total assets		less current liabilities			49,749,256	46,308,412
Income funds
Restricted	funds			18	414,051	417,617
Unrestricted		funds			49,335,205	45,890,795
					49,749,256	46,308,412

				2022	2021
			Notes
Cash flows from operating		activities
Cash generated from operations			21	3,650,504	3,292,717
Investing	activities
Purchase	oftangible fixed assets			(26,086)	(46,498)
Purchase	of investments			(7,763,827)	(9,694,615)
Proceeds	on disposal of investments			7,454,286	9,415,440
Interest and dividends received				421,481	390,428
Net cash	generated from	investing
activities				85,854	64,755
Net cash	used in financing	activities
Net increase in cash and cash equivalents				3,736,358	3,357,472
Cash and	cash equivalents	at beginning	ofyear	22,469,089	19,111,617
Cash and	cash equivalents	at end of	year	26,205,447	22,469,089

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

CT100 Club	income
Catalogue income
Other trading	activities

Unrestricted	Unrestricted
funds	funds
2022	2021
	F
45,631	51,997
99,900	99,647
145,531	151,644

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
			F
Income	from listed investments	413,008	376,897
Interest	receivable	8,473	13,531
		421,481	390,428

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
				F
Donations	and gifts (including	gift aid)	660,030	681,606
Legacies receivable			5,540,873	6,282,569
Government	grants receivable			21,203
			6,200,903	6,985,378

Fundraisin and	ublici
Staging fundraising	events

Unrestricted	Unrestricted
funds	funds
2022	2021
4,273	3,847

5	Raising	funds		(Continued)
	Tetradic	costs
	Purchases		86,126	77,509
			90,399	81,356

			Poldarves	Hillside	CommunitySunnyside	CommunitySunnyside	&	Total	Total
			Sanctuary	Sanctuary	Services	Millbank		2022	2021
			2022	2022	2022		2022
Staff costs					1,635,908			1,635,908	1,590,634
Depreciation	and
impairment					92,638			92,638	96,733
Hire of plant	and	machinery	451		2,032			2,483	3,626
Rents, rates	and	water	3,390	3,728	4,314		3,038	14,470	12,370
Insurance					42,758			42,758	41,456
Light and heat			13,576	14,755	6,757		1,715	36,803	34,205
Telephone			1,193	1,744	21,064		662	24,663	25,362
Postage and	stationery		10	270	158,374			158,654	208,761
Advertising					3,312			3,312	5,838
Animal supplies		(non food)	8,846	16,914	71,795			97,555	69,953
Animal feed			31,512	31,845	15,514			78,871	91,912
Cleaning			2,967	4,479	10,728			18,174	18,051
Repairs and	renewals		16,332	24,824	28,516		8,461	78,133	41,824
Computer costs					66,682			66,682	61,749
Motor expenses			5,806	3,877				9,683	7,013
Veterinary fees and
medicines			33,328	48,992	696,755			779,075	736,091
Travelling			26	110	128,776			128,912	120,779
Other charitable
expenditure			3,181	1,977	137,827			142,985	141,899
			120,618	153,515	3,123,750	13,876		3,411,759	3,308,256
			120,618	153,515	3,123,750	13,876		3,411,759	3,308,256

	2022	2021
Staff costs	352,479	347,942
Office expenditure	220,120	239,575
Computer costs	66,682	61,749
Depreciation	92,638	96,733
	731,919	745,999

					2022	2021
					Number	Number
Sanctuary	staff				39	39
Community		support	and administrative	staff	35	39
Assessors					1
Total					75	78
Employment		costs			2022	2021
Wages and		salaries			1,492,733	1,454,513
Social security costs					115,637	110,089
Other pension costs					27,538	26,032
					1,635,908	1,590,634

						Unrestricted	Unrestricted
						funds	funds
						2022	2021
							F
Change	in	fair	value	of	investments	175,087	1,760,027

11	Net movement in funds			2022	2021
	Net movement in funds is stated	after charging/(crediting)
	Depreciation ofowned tangible	fixed	assets	92,638	96,734
	Loss on disposal oftangible fixed assets				4,997
	Hire of plant and machinery			2,032	3,626
	Auditors remuneration			9,900	6,900
	Auditors remuneration for non-audit		work	1,980	1,800

0		cA	IA YJ	(O CO O	o	(O P)	CO P) (O		CVo
			CO	CO Al	o	YJ O	CV CD		COo
					IA	CD			IO
fllo 0	& III 0. E 0'					O (0 Al	OO N CD	o CD COo
	III
IIIe			N			N IA	IA IA	po
V							(O	CO		(O
e			C9			CV		CO		(O
00
C fa	ff! GI C	4j								IA IA
III ~~ IIIP										CV
)(
II-
'0~ 0 0 Ie III ~ E 0 Q. III ' 0. 0'		4j				CD 'ct CV	IA (O CO (O			(O p CD CV
	III
0r z eo e Q.			O IA IO CD	CO IA (O	o CD (O CD	O CO CD O IO	O N CD		o 'CP o	CD IA
			Al		Al				Al	Al

Fixed as	set investments
		Listed	Cash in	Total
		investments	porffolio
Cost or valuation
At 1 April	2021	18,914,729	214,080	19,128,809
Additions		7,582,415	181,412	7,763,827
Valuation	changes	175,086		175,086
Disposals		(7,454,286)		(7,454,286)
At 31 March 2022		19,217,944	395,492	19,613,436
Carrying	amount
At 31 March 2022		19,217,944	395,492	19,613,436
At 31 March 2021		18,914,729	214,080	19,128,809

14	Stocks
			2022 K	2021f
	Goods for resale		19,409	34,811
15	Debtors
			2022	2021
	Amounts falling due	within one year:
	Prepayments and accrued income		1,566,105	2,285,834
16	Creditors: amounts	falling due within one year
			2022	2021
	Other taxation and social security		27,384	26,522
	Trade creditors		119,913	118,636
	Other creditors		3,991	5,200
	Accruals and deferred	income	11,880	34,352
			163,168	184,710

					Movement
					in funds
		Balance at	Transfers	Balance at	Incoming	Balance at
		1 April 2020		1 April 2021	resources	31 March
		F				20gj!
Property	and facilities reserve	275,000		275,000		275,000
Hillside	Sanctuary	146,183	(3,566)	142,617	(3,566)	139,051
		421,183	(3,566)	417,617	(3,566)	414,051

Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
					F	F	F
Fund balances at 31
March 2022	are
represented	by:
Tangible assets		2,368,976	139,051	2,508,027	2,431,962	142,617	2,574,579
Investments		19,613,436		19,613,436	19,128,809		19,128,809
Current assets/(liabilities)		27,352,793	275,000	27,627,793	24,330,024	275,000	24,605,024
		49,335,205	414,051	49,749,256	45,890,795	417,617	46,308,412

20	Operating lease commitments							(Continued)
	Between two and five years						197	394
							394	1,336
21	Cash generated from operations						2022	2021
	Surplus for the year						3,440,844	5,897,866
	Adjustments for:
	Investment income recognised	in statement			offinancial	activities	(421,481)	(390,428)
	(Gain)/loss on disposal oftangible		fixed	assets				4,977
	Fair value gains and losses on	investments					(175,087)	(1,760,027)
	Depreciation and impairment oftangible			fixed assets			92,638	96,733
	Movements in working capital:
	Decrease/(increase) in stocks						15,403	(10,825)
	Decrease/(increase) in debtors						719,729	(600,359)
	(Decrease)/increase in creditors						(21,542)	54,780
	Cash generated from operations						3,650,504	3,292,717
22	Analysis ofchanges in net funds
	The charity had no debt during	the	year.