2023-03-31-accounts

Trustees			D W Band
			J R Dale
			PAtkins	(Appointed	4 November
				2022)
			K Barlow	(Appointed	4 May 2023)
Founder			Mrs A R Jarvis MBE
Chief Executive Officer			P Williams
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		1-5
Statement oftrustees'	responsibilities
Independent auditor's	report	7-9
Statement offinancial	activities	10-11
Balance sheet		12
Statement ofcash flows
Notes to the financial	statements	14-26

Current financial year
			Unrestricted	Restricted	Total	Total
			funds	funds
			2023	2023	2023	2022
		Notes			E
Income from:
Donations and legacies		4	5,829,256		5,829,256	6,200,903
Other trading activities		2	133,138		133,138	145,531
Investments		3	718,146		718,146	421,481
Total income			6,680,540		6,680,540	6,767,915
Ex enditure on:
Raising funds			82,163		82,163	90,399
Charitable activities
Poldarves Sanctuary			139,861		139,861	120,618
Hillside Sanctuary			193,104		193,104	153,515
Community Services			3,609,950		3,609,950	3,123,750
Sunnyside 8 Millbank			11,747		11,747	13,876
Total charitable expenditure			3,954,662		3,954,662	3,411,759
Total expenditure			4,036,825		4,036,825	3,502,158
Net gains/(losses) on investments		11	(1,651,068)		(1,651,068)	175,087
Net incoming resources	before transfers		992,647		992,647	3,440,844
Gross transfers between	funds		3,566	(3,566)
Net movement in funds			996,213	(3,566)	992,647	3,440,844
Fund balances at 1 April	2022		49,335,205	414,051	49,749,256	46,308,412
Fund balances at 31 March 2023			50,331,418	410,485	50,741,903	49,749,256

Prior financial year
			Unrestricted	Restricted	Total
			funds	funds
			2022	2022	2022
		Notes		E
Income from:
Donations and legacies			6,200,903		6,200,903
Other trading activities			145,531		145,531
Investments			421,481		421,481
Total income			6,767,915		6,767,915
Ex enditure on:
Raising funds			90,399		90,399
Charitable activities
Poldarves Sanctuary			120,618		120,618
Hillside Sanctuary			153,515		153,515
Community Services			3,123,750		3,123,750
Sunnyside 8 Millbank			13,876		13,876
Total charitable expenditure			3,411,759		3,411,759
Total expenditure			3,502,158		3,502,158
Net gains/(losses) on investments			175,087		175,087
Net incoming resources	before transfers		3,440,844		3,440,844
Gross transfers between	funds		3,566	(3,566)
Net movement in funds			3,444,410	(3,566)	3,440,844
Fund balances at 1 April	2021		45,890,795	417,617	46,308,412
Fund balances at 31 March 2022			49,335,205	414,051	49,749,256

					2023	2022
				Notes
Fixed assets
Intangible assets				13	83,532
Tangible assets				14	2,492,437	2,508,027
Investments				15	28,457,613	19,613,436
					31,033,582	22,121,463
Current assets
Stocks				16	34,640	19,409
Debtors				17	2,094,355	1,566,105
Cash at bank		and in	hand		17,847,052	26,205,447
					19,976,047	27,790,961
Creditors:	amounts		falling due within
one year				18	(267,726)	(163,168)
Net current	assets				19,708,321	27,627,793
Total assets		less current liabilities			50,741,903	49,749,256
Income funds
Restricted	funds			20	410,485	414,051
Unrestricted		funds			50,331,418	49,335,205
					50,741,903	49,749,256

					2023	2022
				Notes
Cash flows from operating		activities
Cash generated from operations				24	1,573,585	3,650,504
Investing	activities
Purchase	of intangible assets				(59,280)
Purchase	oftangible fixed assets				(95,598)	(26,086)
Purchase	of investments				(34,800,415)	(7,763,827)
Proceeds	on disposal of investments				24,305,167	7,454,286
Interest and dividends received					718,146	421,481
Net cash	(used in)/generated		from
investing	activities				(9,931,980)	85,854
Net cash	used in financing	activities
Net (decrease)/increase in		cash and		cash
equivalents					(8,358,395)	3,736,358
Cash and	cash equivalents	at beginning		ofyear	26,205,447	22,469,089
Cash and	cash equivalents	at	end of	year	17,847,052	26,205,447

				Unrestricted	Unrestricted
				funds	funds
				2023	2022
CT100 Club		income		43,507	45,631
Catalogue	income			89,631	99,900
Other trading		activities		133,138	145,531
Investments
				Unrestricted	Unrestricted
				funds	funds
				2023	2022
Income from		listed investments		616,227	413,008
Interest receivable				101,919	8,473
				718,146	421,481
Donations	and legacies
				Unrestricted	Unrestricted
				funds	funds
				2023	2022
					F
Donations	and gifts (including		gift aid)	738,002	660,030
Legacies	receivable			5,091,254	5,540,873
				5,829,256	6,200,903

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
Fundraisin	and	ublici
Staging fundraising		events	10,686	4,273

5	Raising	funds		(Continued)
	Tetradic	costs
	Purchases		71,477	86,126
			82,163	90,399

			Poldarves	Hillside	CommunitySunnyside	CommunitySunnyside	&	Total	Total
			Sanctuary	Sanctuary	Services	Millbank		2023	2022
			2023	2023	2023		2023
Staff costs					1,830,396			1,830,396	1,635,908
Depreciation,	amortisation
and impairment			3,075	5,619	76,697		1,545	86,936	92,638
Hire of plant and		machinery	36		974			1,010	2,483
Rents, rates and		water	2,926	3,563	3,290	4,142		13,921	14,470
Insurance					54,446			54,446	42,758
Light and heat			11,680	15,255	4,037		1,172	32,144	36,803
Telephone			1,607	4,439	31,119		1,206	38,371	24,663
Postage and stationery			146	85	310,249			310,480	158,654
Advertising			24	13	2,655			2,692	3,312
Animal supplies		(non food)	14,946	26,570	128,675			170,191	97,555
Animal feed			38,135	38,753	44,244			121,132	78,871
Cleaning			1,258	2,680	10,996			14,934	18,174
Repairs and renewals			16,379	33,345	18,673		3,682	72,079	78,133
Computer costs			260		70,626			70,886	66,682
Motor expenses			5,835	3,848				9,683	9,683
Veterinary fees and
medicines			42,518	52,942	676,879			772,339	779,075
Travelling			829	217	135,156			136,202	128,912
Other charitable
expenditure			207	5,775	210,838			216,820	142,985
			139,861	193,104	3,609,950	11,747		3,954,662	3,411,759
			139,861	193,104	3,609,950	11,747		3,954,662	3,411,759

		2023	2022
Staff costs		331,590	352,479
Office expenditure		352,175	220,120
Computer costs		70,626	66,682
Depreciation	and amortisation	86,936	92,638
		841,327	731,919

					2023	2022
					Number	Number
Sanctuary	staff				33	39
Community		support	and administrative	staff	44	35
Assessors						1
Total					77
Employment		costs			2023f	2022
Wages and		salaries			1,661,566	1,492,733
Social security costs					137,082	115,637
Other pension costs					31,748	27,538
					1,830,396	1,635,908

						Unrestricted	Unrestricted
						funds	funds
						2023	2022
							F
	Change	in fair value of investments				(1,651,068)	175,087
12	Net movement in funds					2023	2022
	Net movement in funds is		stated	after charging/(crediting)
	Depreciation ofowned tangible			fixed	assets	78,852	92,638
	Amortisation of intangible		assets			8,084
	Hire of	plant and machinery				1,009	2,032
	Auditors	remuneration				12,750	9,900
	Auditors	remuneration for	non-audit		work	2,300	1,980

Intangible fi	xed assets
		Software
Cost
At 1 April 2022
Additions		59,280
Transfers		236,164
At 31 March	2023	295,444
Amortisation	and impairment
At 1 April 2022
Amortisation	charged for the year	8,084
Transfers		203,828
At 31 March	2023	211,912
Carrying amount
At 31 March	2023	83,532
At 31 March	2022

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Fixed as	set investments
		Listed	Cash in	Total
		investments	porffolio
Cost or valuation
At 1 April	2022	19,217,944	395,492	19,613,436
Additions		34,131,738	668,677	34,800,415
Valuation	changes	(1,651,071)		(1,651,071)
Disposals		(24,305,167)		(24,305,167)
At 31 March 2023		27,393,444	1,064,169	28,457,613
Carrying	amount
At 31 March 2023		27,393,444	1,064,169	28,457,613
At 31 March 2022		19,217,944	395,492	19,613,436

16	Stocks
			2023 K	2022f
	Goods for resale		34,640	19,409
17	Debtors
			2023	2022
	Amounts falling due	within one year:
	Prepayments and accrued income		2,094,355	1,566,105
18	Creditors: amounts	falling due within one year
			2023	2022
	Other taxation and social security		35,781	27,384
	Trade creditors		168,201	119,913
	Other creditors		19,874	3,991
	Accruals and deferred	income	43,870	11,880
			267,726	163,168

			Movement		Movement
			in funds		in funds
		Balance at	Incoming	Balance at	Incoming		Balance at
		1 April 2021	resources	1 April 2022	resources	31	March 2023
		F
Property	and facilities reserve	275,000		275,000			275,000
Hillside	Sanctuary	142,617	(3,566)	139,051	(3,566)		135,485
		417,617	(3,566)	414,051	(3,566)		410,485

	improvement	or other co	sts directly attribu	table to a phy	sical facility.
21	Analysis of	net assets	between funds
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
	Fund balances at 31
	March 2023	are
	represented	by:
	Intangible fixed assets		83,532		83,532
	Tangible assets		2,492,437		2,492,437	2,368,976	139,051	2,508,027
	Investments		28,457,613		28,457,613	19,613,436		19,613,436
	Current assets/(liabilities)		19,708,321		19,708,321	27,352,793	275,000	27,627,793
			50,741,903		50,741,903	49,335,205	414,051	49,749,256

22	Operating lease commitments						(Continued)
	Within one year					197	197
	Between two and five years						197
						197	394
23	Capital commitments					2023	2022
	At 31 March 2023 the charity had capital		commitments		as follows:
	Contracted for but not provided	in the financial statements:
	Acquisition of property, plant and equipment					180,720
24	Cash generated from operations					2023	2022
	Surplus for the year					992,647	3,440,844
	Adjustments for:
	Investment income recognised	in statement		offinancial	activities	(718,146)	(421,481)
	Fair value gains and losses on	investments				1,651,068	(175,087)
	Amortisation and impairment of intangible		assets			8,084
	Depreciation and impairment oftangible		fixed assets			78,852	92,638
	Movements in working capital:
	(Increase)/decrease in stocks					(15,228)	15,403
	(Increase)/decrease in debtors					(528,250)	719,729
	Increase/(decrease) in creditors					104,558	(21,542)
	Cash generated from operations					1,573,585	3,650,504
25	Analysis ofchanges in net funds
	The charity had no debt during	the year.

		2023	2022
Aggregate	compensation	192,165	156,590