##
##
|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|||
##
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##
|||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|
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|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|
##
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|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|
##
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||||||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|
##
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||||||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|
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|||||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|
##
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
|Fundraisin|and|ublici|||
|Staging fundraising||events|10,686|4,273|
##
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##
|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|
##
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|||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|
##
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||||||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|
##
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##
|||||||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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##
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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|
##
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##
|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.||||||
##
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|||2023|2022|
|---|---|---|---|
|Aggregate|compensation|192,165|156,590|
##