Charity registration number: 1137681 Company registration number: 07257736
## **WYTHALL ANIMAL SANCTUARY Financial Statements Year Ended 28 February 2022**
## **WYTHALL ANIMAL SANCTUARY**
## **Financial Statements**
## **Year Ended 28 February 2022**
|**Contents**||
|---|---|
||**Page**|
|Charity Reference and Administrative Details|1|
|Trustees’ Annual Report (Including Directors’ Report and Strategic Report)|2-4|
|Independent Examiner’s Report|5|
|Statement of Financial Activities (Including Income and Expenditure Account)|6|
|Balance Sheet|7|
|Statement of Cash Flows|8|
|Notes to the Financial Statements|9-17|
|Non-Statutory Income and Expenditure Account|18|
**Wythall Animal Sanctuary**
## **Charity Reference and Administrative Details**
## **Year Ended 28 February 2022**
**Trading name** Wythall Animal Rescue **Charity registration number** 1137681 **Company registration number** 07257736 **Trustees** Ms P Bernie Ms J L Martin Mr D Scott Ms Imelda Kelly Ms V Strickland Ms D Williams **Sanctuary Manager** Mr R Howard **Registered office** Middle Lane Kings Norton B38 0DU **Reporting Accountants** Flint & Thompson 2-6 Manor Square Solihull B91 3PX **Bankers**
Flint & Thompson 2-6 Manor Square Solihull B91 3PX Lloyds TSB Bank Plc 9-11 Popular Road Solihull B91 3AN
1
## **Wythall Animal Sanctuary**
## **Trustees’ Annual Report**
## **Year Ended 28 February 2022**
The Trustees present their report and the financial statements of the charity for the year ended 28 February 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
## **Trustees of the Charity**
The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows:
Ms P Bernie Mr D Scott Mr J Waine (resigned 7 February 2022) Ms V Strickland Ms J Martin Ms D Williams Ms I Kelly
## **Objectives and Activities**
Established in 1968, Wythall Animal Sanctuary’s aims and ideals have never wavered: striving to help, rehabilitate and safely re-home as many domestic animals as we can. Whilst recognising in some cases re-homing is not possible, the sanctuary becomes their forever home. We will continue to embrace new policies, procedures and technology whilst ever trying to think of financial innovations to help our work continue.
## **Public Benefit Statement**
The trustees are mindful of the Charity Commission Guideline on public benefit.
## **Strategic Report**
## **Achievements and Performance**
The Charity has continued to raise money in order to fund future capital and operational costs. At the end of the financial year bank deposits were in the region of £345,000 and £278,243 has been invested in COIF Funds,
## **Financial Review**
The Charity achieved a surplus of £195,776 for the year under review. The Charity is reliant upon financial support from legacies, gifts and donations which amounted to £567,700 It is clear that continued support from such sources is essential if the Charity is to operate at this current scale.
The Charity maintains a very low risk investment policy with the bulk of its non-fixed assets being held in the form of bank deposits and other low risk funds.
## **Reserves Policy**
It is the policy of the Charity to maintain unrestricted funds that are sufficient funds to cover running costs for a period of three years.
The trustees have taken this prudent view in respect of reserves. This is due to the Charity’s reliance upon the receipt of large legacies. These receipts are uncertain and intermittent in nature.
Note 20 to the Financial Statements shows the analysis of net assets between funds. Unrestricted funds amounted to £1,667,254 but only £594,822 of this is freely available because the balance is invested in fixed assets.
At the current level of operations, it is anticipated that running costs for a three-year period would be in the region of £1,500,000.
Unrestricted reserves exceed this by around £160,000. The trustees will continue to monitor revenues and costs in order that the level of reserves can be maintained.
The level of reserves is monitored and reviewed by the trustees at their regular meetings.
## **Structure, Governance and Management**
The Wythall Animal Sanctuary is a registered Charity (number 1137681). The Charity was incorporated under the Companies Acts on 18[th] May 2010 (Company number 07257736) and all assets, liabilities and operations were
2
**Wythall Animal Sanctuary**
## **Trustees’ Annual Report**
## **Year Ended 28 February 2022**
transferred to the incorporated Charity on 1[st] March 2011. The Company does not have a share capital and is limited by guarantee.
## **Organisational Structure**
Wythall Animal Sanctuary has a Management Committee of up to 8 members who meet quarterly and are responsible for the strategic direction and policy of the charity. At present the Committee has six members from a variety of professional backgrounds relevant to the work of the charity.
The sanctuary Manager has responsibility for the day-to-day operational management of the Sanctuary, individual supervision of the staff team and also ensuring that the team continue to develop their skills and working practices in line with good practice.
The Committee of Management will set pay and remuneration of key personnel based upon the level of responsibility and the level of remuneration at similar organisations.
## **Recruitment and Appointment of Trustees**
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known members of the Management Committee.
All members of the Management Committee give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in note 11 to the accounts.
The charity has not found it easy to recruit and retain trustees in recent years. The current management have been networking amongst friends, business associates and donors in an attempt to bring in people with the appropriate skills and level of commitment.
## **Trustee Induction and Training**
Most trustees are already familiar with the practical work of the charity having been encouraged to get involved in various fundraising events.
Additionally, new trustees are invited and encouraged to attend a series of short training sessions (of no more than an hour) to familiarise themselves with the charity and the context within which it operates. These are jointly led by the Chair of the Management Committee and cover:
- the obligations of Management Committee members
- the main documents which set out the operations framework at the charity
- resourcing and the current financial position as set out in the latest published accounts
- future plans and objectives
## **Trustees’ Responsibilities**
The trustees (who are directors of Wythall Animal Sanctuary for the purposed of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and UK Accounting Standards (UK generally accepted in accounting practice).
Company Law requires the trustees to prepare Financial Statements for each financial year which give a true and fair view of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for the year. In preparing financial statements trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles of Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
3
## **Wythall Animal Sanctuary**
## **Trustees’ Annual Report**
## **Year Ended 28 February 2022**
In so that the Trustees are aware;
- there is no relevant accounting information which the charitable company’s examiner is unaware; and
- • the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant accounting information and to establish that the examiner is aware of that information.
On behalf of the board
Mr D Scott - Trustee
Ms V Strickland - Trustee
Date 16 November 2022
4
**Wythall Animal Sanctuary**
## **Independent Examiner’s Report**
## **Year Ended 28 February 2021**
## **Independent Examiner's Report to the Trustees of Wythall Animal Sanctuary**
I report on the accounts of the company for the year ended 28 February 2021 which are set out on pages 5 to 17
## **Respective Responsibilities of Trustees and Examiner**
The trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with my examination, no matter has come to my attention:
- 1 which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
P Georgiades BA FCA Flint and Thompson 2 to 6 Manor Square Solihull B91 3PX
Date 16 November 2022
5
## **Wythall Animal Sanctuary**
## **Statement of Financial Activities**
## **Year Ended 28 February 2022**
|Note
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Government Grants
**Total income and endowments**
**Expenditure on:**
Raising funds
Charitable activities
6
Other
7
**Total expenditure**
Net gains on investments
**Net (expenditure) / income**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|2022
Unrestricted
funds
Restricted
funds
Total
£
£
£
567,700
-
**567.700**
59,213
-
**59,213**
18,682
-
**18,682**
7,303
-
**7,303**
7,935
-
**7,935**
660,833
-
**660,833**
15,983
-
**15,983**
429,597
13.082
**442,679**
30,780
-
**30,780**
476,360
13,082
**489,442**
24,375
-
**24,375**
208,848
(13,082)
**195,766**
208,848
(13,082)
**195,766**
1,458,406
13,082
**1,471,488**
1,667,254
-
**1,667,254**|2021
Total
£
287,753
26,784
19,230
9,215
43,906|
|---|---|---|
|||386,888
15,392
424,495
23,531|
|||463,418
13,457|
|||(63,073)|
|||(63,073)
1,534,561|
|||1,471,488|
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
6
## **Wythall Animal Sanctuary**
## **Balance Sheet**
## **28 February 2022**
|Note
**Fixed assets**
Tangible assets
13
**Current assets**
Stocks
14
Debtors
15
Investments
16
Cash at bank and in hand
**Creditors: amounts falling due within one year**
17
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Charity Funds**
Unrestricted and restricted funds
19
**Total charity funds**|**2022**
**£**
**1,072.432**
**1,072,432**
**1,463**
**7,104**
**278,243**
**344,660**
**631,470**
**36,648**
**594,822**
**1,667,254**
**1,667,254**
**1,667,254**
**1,667,254**|2021
£
**1,099,008**|
|---|---|---|
|||**1,099,008**
**1,463**
**1,301**
**253,981**
**129,009**|
|||**385,754**
**13,274**|
|||**372,480**|
|||**1,471,488**|
|||**1,471,488**|
|||**1,471,488**|
|||**1,471,488**|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved and authorised for issue by the Board on 16 November 2022
Signed on behalf of the board of trustees
Mr D Scott- Trustee
Ms V Strickland - Trustee
The notes on pages Page 8 to Page 16 form part of these financial statements.
7
**Wythall Animal Sanctuary**
## **Statement of Cash Flows**
## **Year Ended 28 February 2022**
|Note
**Cash flow from operating activities**
21
**Net cash flow from operating activities**
**Cash flow from investing activities**
Payments to acquire tangible fixed assets
Payments to acquire investments
Interest received
Dividends received
Rent received
**Net cash flow from investing activities**
**Net increase / (decrease) in cash and cash equivalents**
**Cash and cash equivalents at 1 March 2021**
**Cash and cash equivalents at 28 February 2022**
**Cash and cash equivalents consist of:**
Cash at bank and in hand
**Cash and cash equivalents at 28 February 2022**|2022
£
199,703
199,703
(420)
-
10
7,293
9,066
15,949
215,652
129,008
344,660
344,660
344,660|2021
£
(73,811)|
|---|---|---|
|||(73,811)|
|||-
-
25
9,192
7,978|
|||17,195|
|||(56,616)
185,624|
|||129,008|
|||129,008|
|||129,008|
8
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **1 Summary of Significant Accounting Policies**
## **(a) General Information and Basis of Preparation**
Wythall Animal Sanctuary is a Limited Company Charity in England & Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are concerned with Animal Welfare.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The charity adopted SORP (FRS 102) in the current year and an explanation of how transition to SORP (FRS 102) has affected the reported financial position and performance is given in note 25.
## **(b) Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **(c) Income Recognition**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.
9
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **(c) Income Recognition (continued)**
Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure.
Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and ‘Income from other trading activities’. Upon sale, the value of the stock is charged against ‘Income from other trading activities’ and the proceeds are recognised as ‘Income from other trading activities. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within ‘Income from other trading activities.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.
Other income includes the conversion of endowment funds into income which arises when capital funds are released to an income fund from expendable endowments or when a charity has authority to adopt a total return approach to its permanent endowment fund. It also includes other income such as gains on disposals of tangible fixed assets.
## **(d) Expenditure Recognition**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
- Costs of raising funds includes of salaries and other costs in respect of the Charities shop;
- Expenditure on charitable activities includes salaries and previous costs in respect of Animal Welfare; and
- Other expenditure represents those items not falling into the categories above.
- Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
10
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **(e) Support Costs Allocation**
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
The analysis of these costs is included in note 10.
## **(h) Tangible fixed Assets**
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Freehold land Not depreciated Freehold buildings At 5% and 2% Plant and machinery 25% & 33% straight line Fixtures and fittings 25% straight line Motor vehicles 25% straight line
## **(k) Investments**
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.
## **(l) Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Donated stocks are fair valued as described in (c) above.
## **(m) Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **(r) Provisions**
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
11
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **(s) Leases**
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the SoFA on a straight-line basis over the period of the lease.
## **(t) Foreign Currency**
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
## **(u) Employee benefits**
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
## **(v) Tax**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
## **(w) Going Concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **2 Income from donations and legacies**
|Gifts
Legacies
Other
**3**
**Income from charitable activities**
Sale of goods and services|2022
£
60,263
503,838
3,599
567,700
2022
£
59,213
59,213||2021
£
60,040
225,224
2,489
287,753
2021
£
26,784|
|---|---|---|---|
|||||
|||||
||||26,784|
12
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **4 Income from other trading activities**
|Shop income
Other
**5**
**Income from investments**
Interest - fixed interest securities
Interest - deposits
**6**
**Analysis of expenditure on charitable activities**
Veterinary costs
Animal food
Cleaning
Light and heat
Wage costs
Rates and water
Equipment hire
Insurance
Sundry
Depreciation
Repairs and refurbishment
**7**
**Allocation of support costs**
Support cost
Governance (see note 8)
Bank Charges
Human resources
Depreciation
Office costs
Other
Total|2022
£
-
18,682
18,682
2022
£
7,293
10
7,303
2022
£
63,780
9,685
18,397
24.309
254,657
5,685
4,328
6,554
2,432
19,775
33,077
442,679
2022
£
12,902
2,678
490
7,222
6,208
1,280
30,780|2021
£
1,741
17,489
19,230
2021
£
9,192
523
9,715
2021
£
45,465
2,616
12,613
14,486
263,596
5,837
15,628
8,603
6,357
19,775
29,519|
|---|---|---|
|||424,495|
|||2021
£
11,665
1.379
465
1,272
6,570
2,180|
|||23,531|
13
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **8 Governance costs**
|**Governance costs**|||
|---|---|---|
|Consultancy
Independent examiners remuneration
Legal fees
Payroll services
Professional Fees
**Net income for the year ended 28 February 2022**
Net income is stated after charging:
Depreciation of tangible fixed assets
Operating lease rentals|2022
£
-
3,200
3,275
1,648
4,779
12,902
2022
£
26,997
4,328|2021
£
242
3,315
608
2,768
4,732|
|||11,665|
|||2021
£
21,047
15,628|
## **9 Net income for the year ended 28 February 2022**
## **10 Independent examiners remuneration**
The independent examiners remuneration amounts to £3,200 (2021 - £3,315).
## **11 Trustees’ and key management personnel remuneration and expenses**
The trustees neither received nor waived any remuneration or expenses during the year (2021: £nil).
## **12 Staff costs and employee benefits**
The average monthly number of employees and full time equivalent (FTE) during the year/period was as follows:
|Raising funds
Charitable activities|2022
2022
2021
2021
Number
FTE
Number
FTE
-
-
-
-
16
15
16
15|
|---|---|
||18
16
16
15|
The total staff costs and employee’s benefits was as follows:
|Wages and salaries
Social security
Defined contribution pension costs|2022
£
238,944
12,465
3,248
254,657|2021
£
248,496
11,017
4,083|
|---|---|---|
|||263,596|
14
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **12 Staff costs and employee benefits (continued)**
No employees received total employee benefits (excluding employer pension costs) of more than £60,000.
## **13 Tangible fixed assets**
|Land and
buildings
Fixtures
and
fittings
Cost or valuation:
At 1 March 2021
1,212,884
70,682
Additions
-
421
At 28 February 2022
1,212,884
71,103
Depreciation:
At 1 March 2021
174,295
10,263
Charge for the year
19,775
7,222
At 28 February 2022
194,070
17,485
Net book value:
At 28 February 2022
1,018,814
53,618
At 29 February 2021
1,038,589
60,419
The net book value of land and buildings comprised:
Land and buildings:
Freehold
**14**
**Stocks**
Finished goods
All stock held is for trading.
**15**
**Debtors**
Other debtors
Prepayments and accrued income
Pension Fund
VAT|Land and
buildings
Fixtures
and
fittings
1,212,884
70,682
-
421|Land and
buildings
Fixtures
and
fittings
1,212,884
70,682
-
421|Motor
vehicles
10,784
-|Total
1,294,350
421|
|---|---|---|---|---|
||1,212,884
71,103||10,784|1,294,771|
||||||
||174,295
10,263
19,775
7,222||10,784
-|195,342
26,997|
||194,070
17,485||10,784|222,339|
||1,018,814
53,618||-|1,072,432|
||1,038,589
60,419||-|1,099,008|
||||2022
£
1,018,814
2022
£
1,463
1,463
2022
£
-
1,027
-
6,077
7,104|2021
£
1,038,589
2021
£
1,463
1,463
2021
£
-
1,301
-
-
1,301|
||||||
||||||
||||||
||||||
15
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **16 Current asset investments**
|Listed investments|2022
£
278,243
278,243|2021
£
253,981|
|---|---|---|
|||253,981|
The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.
## **17 Creditors: amounts falling due within one year**
|Trade creditors
Other tax and social security
Other creditors
Accruals and deferred income
Wages|2022
£
25,311
3,531
4,606
3,200
-
36,648|2021
£
(3,183)
15,917
575
(35)
-|
|---|---|---|
|||13,274|
## **18 Leases**
Operating leases – lessee
Total future minimum lease payments under non-cancellable operating leases are as follows:
|Not later than one year
Later than one and not later than five years
**Fund reconciliation**
Balance at
start date
Income
Expenditure
Transfers
£
£
£
£
Unrestricted
1,458,406
660,833
476,360
Restricted
13,082
-
13,082
1,471,488
660,833
489,442|Not later than one year
Later than one and not later than five years
**Fund reconciliation**
Balance at
start date
Income
Expenditure
Transfers
£
£
£
£
Unrestricted
1,458,406
660,833
476,360
Restricted
13,082
-
13,082
1,471,488
660,833
489,442|2022
£
4,328
-
4,328
Gains /
(losses)
£
24,375
-|2021
£
15,379
-
15,379
Balance at
end date
£
1,667,254
-|
|---|---|---|---|
||1,471,488
660,833
489,442|24,375|1,667.254|
## **19 Fund reconciliation**
Restricted Funds relates to income from The Andrew Trust which is to be used for the Cattery and Kennels and a donation from P Bernie for the refurbishment of the Kitten Unit.
16
**Wythall Animal Sanctuary**
## **Notes to Accounts**
## **Year Ended 28 February 2022**
## **20 Analysis of net assets between funds**
|**Analysis of net assets between funds**||
|---|---|
|Fixed assets
Cash and current investments
Other current assets / liabilities
Total|Unrestricted
funds
Designated
funds
Restricted
funds
Endowment
funds
Total
£
£
£
£
£
1,072,432
-
-
-
1,072,432
622,903
-
-
-
622,903
(28,081)
-
-
-
(28,081)|
||1,667,254
-
-
-
1,667,254|
## **21 Reconciliation of net income to net cash flow from operating activities**
|Net income / (expenditure) for year / period
Dividends received
Rents received from investment properties
Interest receivable
Interest payable
Depreciation and impairment of tangible fixed assets
Amortisation and impairment of intangible fixed assets
(Gains) / losses on investments
(Increase) / decrease in stock
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities|2022
£
195,766
(7,293)
(9,067)
(10)
-
26,997
-
(24,262)
-
(5,802)
23,374
199,703|2021
£
(63,073)
(9,193)
(7,979)
(23)
-
21,047
-
(13,458)
-
-
(1,132)|
|---|---|---|
|||(73,811)|
## **22 Pensions and other post-retirement benefits**
## a) Defined contribution pension plans
The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £3,248 (2021 - £4,083).
## **23 Related party transactions**
There are no related party transactions during the period (2021: £ nil).
17
**Wythall Animal Sanctuary**
## **Income and Expenditure Account**
## **Year Ended 28 February 2022**
|**Income**
Bank interest received
Donations received
Fund Generation- Charity shop
Fund raising- Sales
Rent received
Investment income
Legacies
Boarding
Petplan commission
Subscriptions received
Grants
**Total income**
**Expenditure**
Advertising
Animal food
Accountancy fees
Bank charges
Charity shop expenses
Cleaning and waste disposal
Consultancy fees
Lighting and heating
Equipment hire
General rates and water
Gross wage & pension costs
Insurance
Professional & legal fees
Miscellaneous expenses
Motor expenses
Office machine maintenance
Printing and stationery
Repairs and renewals
Staff training and HR
Telephone
Veterinary costs
Depreciation
Fund Raising Expenses
IT Software & Consumables
**Total expenditure**
Excess of income
Investment gains
**Net movement in funds**||**2022**
**£**
**10**
**60,263**
**-**
**242**
**9,067**
**7,293**
**503,838**
**59,213**
**9,615**
**3,357**
**7,935**
**660,833**
**2022**
**£**
**2,116**
**9,685**
**4,848**
**2,678**
**6,267**
**18,397**
**-**
**24.309**
**4,328**
**5,685**
**254,657**
**6,554**
**8.054**
**2,432**
**1,280**
**-**
**1,983**
**33,077**
**490**
**2,782**
**63,780**
**26,997**
**7,600**
**1,443**
**489,442**
**171,391**
**24,375**
**195,766**|2021
£
**23**
**60,040**
**1,741**
**734**
**7,978**
**9,193**
**225,224**
**26,049**
**9,511**
**2,489**
**43,906**|
|---|---|---|---|
||||**386,888**|
||||2021
£
**1,618**
**2,617**
**6,083**
**1,378**
**15,272**
**12,613**
**243**
**14,486**
**15.628**
**5,837**
**263,596**
**8,603**
**5,340**
**6,356**
**2,180**
**120**
**921**
**29,519**
**465**
**2,922**
**45,465**
**21,047**
**-**
**1,109**|
||||**463,418**|
|||||
18