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