REGISTERED COMPANY NUMBER: 07247736 (England and Nl,. REGISTERED CHARITY NUMBER: 1137681 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 FOR WYTHALL ANIMAL SANCTUARY Flint & Thonipson Chartered Accountants 2 Manor Square Solihull B913PX
WYTHALL ANIMAL SANCTUARY CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 29 February 2024 Page Reference and Admlnistrative Details Report of the Trustees Independent Examiller's Report Statement of FinaDCiO1 Aetivities Balanee Sheet Cash Flow Slat¢ment Notes to the Cash Flow Staternent 10 Noles to the Financial Ststements Detailed Statement of Financial Activities 20 to 21
WYTHALL ANIMAL SANCTUARY REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 29 February 2024 TRUSTEES P Bernie (resigned 7.5.23) DIScott l Kelly (resigned l 0.7.23) V Strickland (resigned 9.7.23) J L Martin (resigned 9.7.23) D Williams (resigned 12.9.2J) W Papirnik (appointed 20.9.23) H mo10 (appointed 24.9.23) REGISTERED OFFICE Middle Lane Kings Norton Birrningham BJ8 ODU REGISTERED COMPANY NUMBER 07257736 (England and Wales) REGISTERED CHARrrY NUMBER 1137681 INDEPENDENT EXAMINER Flint & Thomp50n Chartered Ac¢ountant5 2 Maiior Square Solihull B913PX Page I
WYTHALL ANIMAL SANCTUARY REPORT OF THE TRUSTEES for the Year Ended 29 February 2024 The trnstees who are also direclors of the charity for the puTp05es of the Companies Act 2006, preseni iheir report with Ihe financial statements of the charity for ihe year ended 29 FebnJ8ry 2024. The trusiees have adopted the provisions of Accounting and Reporting by Charities.. Stalemenr 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) (effeclive l January 2019). OBJECTIVES AND ACTIVITIES Objeetives ond aims Established in 1968, Wsihall Animal Sancluaws aims and ideals have never wavered: striving to help, rehabilitate and safely re-home &s many domeslic animals as we caT]. Whilsl recognising in some case5 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 The truslees are mindful of the Charity Commission Guideline on public benefii. STRATEGIC REPORT Achievement and performance Charitable activities The Charity, ha5 continued to raise money in order to fund tUre capital and operational ¢osts. At the end of the financial year bank deposits were in the region of £223,20 I and £171.663 has been invested in COIF Fund5. Financial review Financial position The Charity achieved a surplus of £60,798 (2023 - deficit - £221,353) for the year under review. The Charity is reliant upon financial support from boardings, legacies, gifts and donaiions which amounted lo £472.176 (2023 £304,489) 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 fonn of bank deposits and other low risk funds. Principal funding sources The charity is reliant on fiu>ding ihrough donations, legacies and animal boarding. For donations, the charity considers whetheT there are any reslrictions on the income and whether any perfonnance restri¢tions are placed upon the incon)e. L¢ga¢ies consider whether the fimds have any restrictions. If they have, then they are treated as restricted fund. Any fLmds that are received that are to be designated for a purpose will be treated as designated funds. Otherwise all boarding and income will be trehted as there being no restrictions. If there are no restrictions placed on the income, then this is treated as unrestricTed income. Investment policy and obje¢tives Surplus fi]nd are utilised as hnds available for investments that meet the objectives of the charity. These are subsequently included as unrestricted fvnd5 and unless any income is for a set pu]pose is included in unrestricted fvnds. Page 2
WYTHALL ANIMAL SANCTUARY REPORT OF THE TRUSTEES for the Year Ended 29 February 2024 STRATEGIC REPORT Financial review Reserves policy It is the polic). of the Charity to maintain unrestricted fvnds that are sufficient funds lo cover running ¢osts for a period of three >'ears. The trustees have tak-en ihis prudent view in respect of reserves. This is due to the chlty,S relian¢¢ upon the receipt of large legacies. These receipts are uncertain and intermittent in nature. Note 18 to the Financial Statements shows the analysis of net assets between fvnds. Unrestricted funds amounted to £1,506.700 (202J £1,445,902) but only £480,196 (2023 £396,220) of this is frcely availabl¢ because the balance is invested in fixed assels. At the curreni level of operations. it is anticipated thal nnIng costs for 8 three-year period would be in the region of £1.500,000. UrLrestrirted reserves exceed this b>. around £6,700 (2023 deficit - £54,098). The trustee$ will continue to monitor revenues and costs in order that Ihe level of reserves can be maintained. The level of reseryes is mcinitored and reviewed by the trustees al their regular meetings. Going eoncern The financial Statements have been prepared on a going concern basis as the trustees believe thmt no matPri1 uncertaiTJtie5 exist. The trustees have considered the level of funds held and the expected level expenditure for 12 months from auihorising these financial statements. The budgeted income and expenditure Is sufficient with the level of reserve5 for the charity to be able to Continue as a going concem. Funds in deficit Where funds are in deficit, the trustees will review these ftmds to take corrective action to bring these into a SLp}US. A regiilar review of cost.s is completed by the tnistees to ensiire thac the fiinds reJnain as a surplLlS and any adverse costs are reviewed lo ensure that thes¢ do not create a deficit. Principal risks and ullcertainties The ¢harity considers the key risks as.. Dirr5cuIty in rehoming rescued animals. Many of the &nitnals - especially dogs -being brought to the Sanctuar, victims of 'whim buying, by their owners during and after the covid-19 pandemic. Now that norniality has resumea, Ihese owners have realised that they dont really have lime for their animals and are surrendering them to Animal Rescues such as ours. The trauma cttused to the animals is immeasurable and brings out ,the worst in them...to the point where a lot of the dogs we rehome are returned (due to behavioural problems} shortly afterwards....causing even more stress to them and making them hurder to rehome for the second time. Failure to PeentlY rchome animals imp3¢ts on Ihe Sanctuarfs finances and reslricts the number of 'fh. that we can lake in Fingnelal and risk management objecttves and policies The ¢hariVs most significant (and worrying) financial risk is that, over the last Iwo years, the Sanctuary has seen marked reduction in the n12mbers atid sizes of bequests left in wills. bequests that have provided much, if not all, o! it. funding in previous years. So far, the Sancknary has weathered this income shortfall in three ways. firstly, by Closely monitoring (and reducing, where appropriate) its costs. secondly. by drawing on its cash reserves - which have now been seriously depleted thirdly, through the Board of Trustees constantly seektng ways of supplementing income. To dale, the Sancwary benefiting financially from adding extra Dog Boarding ¢apacity and from a number of raising events opened to the public.
WYTHALL ANIMAL SANCTUARY REPORT OF THE TRUSTEES for the Year Ended 29 February 2024 STIL4TEGIC REPORT Future plans The fijture plans of Éhe charity are: The charitys primary, and by far its most important, plan is to maintain the caring and diligent service ihat the Sanctuary has pmvided to unwantcd P4nimals over last 56 'ears, In re¢ognising that the Sanctuary's finances will play a major part in sustaining its operation. the Board will be considering every financial aspect - from increasing income to making best use of filnds and getting optimum value for money STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trtt, and constitutes a limited companv. limitpA h.. guaranlee. as dcfined by thc Companies Act 2006. The Wythall Anirnal Sancluary is a registered Charity (nlimber I lJ7681). The Charity was incorporated ijnder the Companies A¢ts on 18th May 2010 (Company number 07257736) and all assets. liabilities and operations were transferred lo th¢ in¢orporated Charity on 1st March 201 l. The Company does not have a share capital and is limited by guwante. Recruitment aDd appointment of new trustees The directors of the company are also charity trustees for the purposes of charity law and Lthder the company's Articles are known members of the Management Commillee. All members of the Management Committee give their time volLllitarily and received no benefits from the charily. expenses reclaimed from the charity are set out in i)ote I I to the accounts. The Charity has not found it easy to recruit and retain tnlee$ in recent years. The curreiit management have been netivorking amongst friends, business associates and donors in an attempt to bring in people with the appropriat¢ skills and level of commitment. Organisational strueture Wythall Animal Sanctuary has a Management Committee of up to 8 members who meet quarterly and are responsible for Ihe 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-lo-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 praclice. Th¢ Conunittee of Management will sel pay and remuneration of key personnel based upon the level of responsibility and the level of remuneration at similar organisations. Induction and training of new trustees Most tnjstees are already familiar with the pwtical work of the charity having been encouraged to get involved in various fundraising ev¢nts. Additionallyj new trustees are invited and encouraged to alfrnd 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 Commilt¢e and cover.. the obligations of Management Committee members ' the tnain documents whiLh sel oiit the operations framework al the chlty resourcing and the current financial position as set out in the latest published accounts ' plans and objectives Page 4
WYTHALL ANIMAL SANCTUARY REPORT OF THE TRUSTEES for the Year Ended 29 February 2024 Report of the trustees, i direcloTS, on ..-..-. oralin a strategic report, approved by order of the board of trustees. as the comparky and signed on the board's behalf by.. D I Scott- Tn]stee Page 5
INDEPEIYDEIYT EXAMJNER'S REPORT TO THE TRUSTEES OF WYTHALL ANIMAL SATr4CTUARY Independent examiner's report to the trustees of Wythall Animal Sanctuary ('the Companv,) I report lo the charity trustees on my examination of the accounts of the Company for ihe year ended 29 February 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also ils direciors for the purposes of company law) you are responsible for the preparalion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 ACY). Having salisfied myself that ihe accounts of the Company are not required to be audited under Part 16 of ihe 2006 Act and are eligible foT independent examination. J report in respect of my exdmination of your charity5 accounts as carried out under Section 145 of ihe Charities Act 2011 (Ihe 2011 Act,). In carrying out my examination I have followed the Direclions given by the Charity Commission under Section 145(5) (b) of ih¢ 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirn) that l am qualified to undertakc the examination becaiise l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. l confirm ihal no matters have come to my attention in connertion ivith the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Seetion 386 of the 2006 Act. or the accounts do not accord with those recoTd5- or the accounts do not comply with ihe accounling requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accoLJnts have noi been prepared in accordance with the methods and PTinciples of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come xross no other rnatters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. MrP BA FCA titute of Chartered Accountants in England and Wales Flint & Thompson Chartered A¢¢ountanls 2 Manor Square Solihull B913PX Date.. Page 6
WYTHALL ANIMAL SANCTUARY STATEMENT OF FINANCIAL ACTIVITIES for the year Ended 29 Februarv 2024 2024 Total fLllids Unrestricted fund Restricted fund Totsl funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 360,206 360 ?06 194.857 Charitable activities Lhartiable activities 111.970 111.970 109,6)2 Other trading activities Investment income 24,255 11,355 21,740 10.086 1.355 Total 507,786 507,786 336,315 EXPENDITURE ON Rp4ising funds .592 1.592 5,815 Charitable getivities Chartiable a¢tivities 460,797 460,797 501,84J Other 30.691 Totgl 462.389 462.389 538.349 Net gains/(losses) on investments 15,401 15,401 (19,J19) NET INCOMEI(EXPENDITURE) 60.798 60,798 (221,J53) RECONCILIATION OF FUNDS Total funds brought forward 1,445,902 1,445.902 1,667,255 TOTAL FUNDS CARRIED FORWARD 1,506,700 1.506,700 1,445,902 The notes forni part of these financial statements Page 7
WYTHALL ANIMAL SANCTUARY BALANCE SHEET 29 February 2024 2024 Total fujids 2023 Total funds Unrestricted rund Restricted fund Notes FIXED ASSETS Tangible assets 13 1,026,504 1,026,504 1,049,682 CURRENT ASSETS Stocks Debturs Investments Cash al bank 14 15 16 35 i,450 27i,849 22J,201 35 i.450 27i.849 22J.201 iuu 2,841 258,9?5 171,663 500.535 500.535 433.5?9 CREDITORS Amounts falling due within one year 17 (20,139) (20,339) (37.Juy) NET CtrRREprr ASSETS 480.196 480.196 30fi ??n TOTAL ASSETS LESS CURRENT LIABILITIES 1,506,700 1.506.700 1,445,902 NET ASSETS 1,506,700 1,506.700 1.445,902 FUNDS Unrestricted funds 18 1,506,700 1,445,901 TOTAL FUNDS 1.506,700 The charitable company is entitled to exemption from audit Lmder Section 477 of the Companies Act 2006 for the year ended 29 February 2024. The members have not required the ¢ompany lo obtain an audit of its finan¢ial statements for the year ended 29 February 2024 in accordance with Section 476 of the CoTnpanies Act 2006. The trustees knowledgIe their responsibilities for (a) ensuring that Éhe charitable company keeps a¢counting records that comply with Se¢tions J86 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the State of affairs of the charitable company as at the end of each financial yeai- and of its surplus or deficii for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Aet 2006 relating to financial statements, so far as applicable to ih¢ charitable company. (b) The financial statements were approved by the Board of Trnst¢¢s and authorised for issue 11 e?£-n.£.(L IWtand were signed on its behalf by: on [)(71),. D I Scoll - Trustee The notes forni part of these financial statements Page 8
WYTHALL ANIMAL SANCTUARY CASH FLOW STATEMENT for the Year Ended 29 February 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 61,962 (172.A?dl Nel cash provided byl(used in) operating activities 61.962 (172,624) Cash floivs fTom iRvesting activities Purchase of iangible fixed assets Purchase of investrnents Sale of fixed asset investments Inter¢st received (14,924) 15.401 (10,901) Net cash used in investing activities (10.424) (375) Cballge in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 51.538 (172,999) 171.663 344,662 Cash and ea5h equivalents at the end of the reporting period 22J,201 171,66) The notes forni part of these fmancial statements Page 9
WYTHALL ANIMAL SANCTUARY NOTES TO THE CASH FLOW STATEMENT for the Year Ended 29 February 2024 RECONCILIATION OF IYET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 ?n72 Net incomel(e%penditure) for the reporting period (as per the Statement of Financial Activities) Adjusltnents for: Depreciation charges (Gain)/losses on investments Interest received Decrease in stocks (Increase}/decrease in debtors (Decreaseyincrexse in creditors 60,798 (221,)53) 23.178 (15,401) 10.901 65 (609) (16.970) 19,319 1,363 4,263 660 Net essh provided b)'l(used in) operatlons 61.962 ATrIALYSIS OF CHANGES IN NET FUNDS At l.).23 Cash flow At 29.2.24 Net cash Cash at bank 171.663 22J,201 171,66) 51,5i8 22),201 Liquid resource5 Deposits incliided in ¢ash Current asset investments 258.925 14,924 273,849 258,925 14.924 27J,849 Total 430,588 The notes fornj part of these financial statements Page 10
WYTHALL ANIMAL SANCTUARY NOTES TO THK FINANCIAL STATEMENTS for the Year Ended 29 February 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The fmancial statements of the charitable company. which is a public benefit entity under FRS I O? have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: of Recoinmended Practice applicable to charities preparing their accouiits in Accordance with the Fi1181icial Reporting Standard applicable in the UK and Republic Df Ireland (FRS 102) (effective l January 2019),, Finan¢ial R¢porting Siand#rd 102 'The Financial Reporting Stai)dard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical Cost convention. 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 liinited to £ I per Ineinber of the charity. The address of the registered ol¢e is given in the charity inforniation on page l of ihese f]nancial statements. Tne ilo, charity's operations and principal activities are coiicerned wilh Animal Welfare. The charity constitutes a piiblic bencfit entily as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of RecommeTtded Practice applicable to charitics preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS SQ2) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the C.haTilies Act 201 I, the Companies Act 2006 and UK Generally Accepted Practice as it applie5 from l January 2015. The financial slalements are prepared on & going concern basis under the historical cost CO¥svention. modified to include certain item5 at fair value. The fanCIal statements are presented in sterling which is the F.-- currency of the charity and rounded to the n¢ar¢st £1. Ineotne All incoming resources are included IJ) the SlaleTnent of Financial Activities (SOFA) wheii the charity is legally entilled to the income after any perfomance conditions have been met, the amount can be measured reliably and it is probable that the income will be rcccived. For donations to be recognised the charity will have been nolified of the amounts and the Settlement date in writing. If there are conditions attached to the donation and this requires a level of per.i.. enlitlemenl 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 prob&ble that they will be fulfilled. Donated facilities and donated professional 5ervice$ are re¢oEnised 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 deterniined on the basis of the value of the gift to the charity. For example. the amount the charity would be willing lo pay in the open market for such facilities and services. A corresponding atnount Is recognis¢d in expenditure. No amount is included in the financial statemen15 for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report.Where practicable. gifts in kind donated tor distributio.- beneficiaries of the charity are included in stock and donalions in the financial Statements upon receipt. If it is tmpracticable to aqsess the fair value at receipt or if thc costs lo 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 al fair value. being the expected proceeds from sale less Ili. expected costs of sale, Where estimating the fair value 15 pfdcticable upon receipt il is recognised in stock and 'Income from other trading activities,. Upon sale, the value of the stock is charged against 'lncome from, other trading activities, and the proceeds are recognised as 'lncome from other trading actlVlLIL imprdcticable to fair value the items due to the volume of low value items ihey are not recogni5ed in the f]nancial statements until they are sold. This income is recogni5ed within 'lncome from other trading activities. Fixed asset gifts in kind are recognised when receivable and are included Bt fair value. They 8re not deferred over the life of the asset. Pagell continued..
WYTHALL ANIMAL SANCTUARY NOTES TO THE FINANCIAL STA TEMENTS - eontinued for the Year Ended 29 February 2024 AcCOuNTG POLICIES - continued Income For legacies, enlitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income 15 recogniscd. On o¢¢asioii legacies will be notified to the charity however it is not possible to measure the amount ¢xpected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundrdising events and trading activities to raise nds for the charity. Incotlle is received in excliange for supplying goods and services in order to raise fitnds and is recognised when entitlement has occurred. Investment income is earned through holding se1S for investment purposes such as share5 and property. It includes dividends. interest and rent. Where il is nol practicable to identify inv¢slm¢nl manaL'L. incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is ilkcludcd wh¢n the ttJnount can bc mca5urcd rcli&bly. Inter¢51 in¢ome is recogniscd usin¥ th¢ cffe¢tiv¢ interest method and dividend and rent income is recognised as the charity's right to receive paymenl 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 oth¢r income such as gains on dispolS of tangible fixed assets. Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that ag¥regatc 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 calegorised under the followiiig headings.. *Costs of raising fid5 inclLides of salaries and other costs in Tespect of the Charities shop. * Expenditure on chp4ritable activitie5 includes salaries and previous costs in respect of Animal Welfare- and * Other expenditure represenls those items not falling into the categories above. I¢¢oVerable 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 re¢eive the grants. Where grants are conditional relating to perforniance then the grant is only ac¢rued when any UnlfIlled conditions are outside of the control of the charity Funds Unrestricted fld$ are available for use at the discretion of the trustees in furtherance of Ihe general objectives of the charity and which have not been designated for other PLwposes. Designated furLds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund >s set out in the notes to the financial stalemenis. Restricted funds are funds which are to be used in accordancc wilh specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such fwids are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo the rinancial stat¢ments. 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. Page 12 continued...
WYTHALL ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS- continued for the Ye8r Ended 29 Februarv 2024 ACCOUNTING POLICIES - continued 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 cosls, administrative pavroll costs. They are incurred directly in Supyv,, expenditure on Ihe objects of the charity and include project Inanagement carried out at Headquarters. Where support costs ¢annot be directly attributed to particular headings they have been alloCad to cost of raising ftu]ds and expenditure on charitable activities on a basis consistent with use of th¥ resources. Fund-raising cosls are those inciirred in seeking voluntary contriblilions and do not include the costs of disseminating inforniation in support of the charitable activities. Tangible fixed assets Deprecipltion is provided at the following annual ra1es ITh order to write off each a55et over its esLILA141b.- life. Freehold property Plant and machinery Motor vehicles not provided 33U/o per annum of cost and 251J/o Siraighi line 25fr/0 Straight line Stocks Stocks are stated at the lower of c051 and estimated selling price less costs to complete and sell. Cost includes all costs of PUTchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost 15 calculated iising ihe first-in, fjrst-out fonnula. Provision is made for dama¥¢d, obsolete and slow-moving stock where appropriate Taxation The Charty is exempt from Corporation tax on ils charitable activities. Investments Investm¢nts are recognised initially at fair value which is nomially the transaction price excluding transa¢tion costs. Subsequently, they are measured at fair value with changes recogThi5ed in 'net gains / (losses) on investments, in the SOFA if the shares are publiely traded or their f&ir value can otherwise be measured reliAhlv Other investments are measwed at cost less impainnent. Current asset investmenls are Short terni highly liquid investmenis and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year. DONATIONS AND LEGACIES 2024 2023 Donations Subscriptions received Legacies Grants 287,913 2.924 69,369 56,715 5,338 128,268 360,206 194,857 Grants received. included in the above, are follows.. 2024 grants Page 13 continued...
WYTHALL ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 29 February 2024 OTHER TRADING ACTIVITIES 2024 202i Shop income Petplan Commission Rent Received 1,419 9,586 13.250 10,065 11,675 24.255 ?1.740 INVESTMENT INCOME 2024 Bank interest received Invcstment income 604 10.751 9.9U) 11,355 10.086 INCOME FROM CHARITABLE ACTIVITIES 2024 Activity Chartiable activities Boarding 111,970 RAISING FUNDS Haising donations and legacles 2024 2023 Charity shop expenses Advertising rdising funds 204 1,198 190 1.272 3.64fi 902 1,592 CHARITABLE ACTIVITIES COSTS Support osls (see note 8) Direct Costs Tothls Chartiable activities 410,163 50,634 Page 14 continued...
WYTHALL ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS - continued for the Vegr Ended 29 Februarv 2024 SiTPPORT COSTS Management Chartiable activities sn 61d Support costs, included in the above. are as follows: 2024 Chartiable activities Total activities Telephone Bank charges Postage and stationery IT and Softwarc Motor expenses Accounlancy Professional fees Consultancy fees Depreciation of tsngible and heritage assets 2,276 5.948 652 2.557 3,672 6.247 2.500 2.449 2,091 2.676 6.497 10.700 3.403 50,634 i7.250 NET IIYCOMEI(EXPENDITURE) Net incorne/(expenditure) is stated aft¢r chargingl(crediting): 2024 2023 Depreciation- owned assets 23,178 23,124 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, [eMLeratIon or other benefits for the year ended 29 February 2024 nor for the year ended 28 February 2023. Trustees, expenses There were no Iru3tees' expenses paid for the year ended 29 February 2024 nor for the year ended 28 February 2023. Al. STAFF COSTS 2024 Wages and salaries 273,985 317,640 273.985 317.640 The average monthly number of employees during the ye&r WAS as follow5.. 2024 15 2023 Charitable activities No employees received emoluments in excess of £60.000. Page 15 continued...
WYTHALL ANIMAL SANCTUARY NOTES TO THE FINANCIAL STA TEMENTS - contlDued for the Year Ended 29 Februsry 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fL]nd Restricted nd Total INCOME AND ENDOWMENTS FROM Donations 2nd legacies 194,857 194,857 Charitable aetivities Chartiable activities 109,631 109,6)2 Other trading activities Envestment income 21,740 10,086 21,740 10.086 Totsl JJ6,)15 EXPENDITURE ON Raisirkg funds 5.815 5.815 Charitsble a¢tivitie5 Chartiable activities 501.843 501,84) Other 30,691 Totgl 538.349 Net gains1(losses) on investtnents (19.319) (19,319) NET INCOMEI(EXPENDITURE) (221.J53) (22 1,353) RECONCILIATION OF FUNDS Total funds brought forward 1,667.255 1,667, TOTAL FUNDS CARRIED FORWARD 1,445.902 1.445,902 13. TANGIBLE FIXED ASSETS Freehold property Plant and machinery Motor vehicles COST Ai l March 2023 and 29 February 2024 1,212,883 64,400 10,784 1,288,067 DEPRECIATION At l March 2023 Charge for year 213,845 19,775 13.756 3,403 10,784 238,385 23,178 At 29 February 2024 233,620 17,159 10,784 261.563 NET BOOK VALUE At 29 February 2024 979,263 47,241 1,026,3v. At 28 Febmry 2023 999,038 50,644 1,049,682 Page 16 continued...
WYTHALL ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 29 February 2024 14. STOCKS 2024 2023 Stocks Inn 15. DEBTORS 2024 2023 Amounts falling due within one year: VAT Prepaymenls and accrued income 572 .814 3.450 3.450 2.406 Amounts falling due after more ihan one year- Trade debtors 435 Aggregate amounts 3.450 2,841 16. CURRENT ASSET INVESTMENTS 2024 Listed invesiments 273,849 258,925 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes 12,647 1,712 2,385 23,261 VAT Other ereditors Accruals and deferred incomc 3.595 3,392 20.339 37,309 18. MOVEMENT IN FUNDS Net movement in fimd5 At At 1.3.23 Unrestricted funds General fund 1.445,902 60,798 ,506,700 TOTAL FUNDS 1,445,902 60.798 1,506.700 Page 17 continued...
WYTHALL ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS - contlnued for the Year Ended 29 FebruAry 2024 18. MOVEMENT IN FUNDS - continued Net movemenl in funds, includ¢d in the above are as follows: Incoming r¢sources Resources expended Gains and losses NgovtlliLIi in fid8 Unrestrieted funds General furkd 507.786 (462,389) 15,401 60,798 TOTAL FUNDS 507.786 (462,389) 15,401 60,798 Comparative$ for movement in funds Net movement in funds At 28.2.23 At 1.3.22 Ullrestricted funds General fimd ,667,255 (221,J53) 1.445,9CI• TOTAL FUNDS 1.667,255 (221,J53) 1,445,902 Comparative net mOV¢tnent in funds, included in the above are as follows.. IncoTning resources Resources expeiided Gains and losses Movement in funds Unrestricted funds General fund 3J6.315 (538,349) (19,319) {221,3JiJ TOTAL FUNDS 336,315 (538,349) (19,319) (221,353) A current year 12 months and prior year 12 months combined position is as follows.. movement in funds At 29.£.L+ At 1.3.22 Unrestrieted thnds General fund .667,255 (160,555) 1.506.700 TOTAL FUNDS 1,667,255 (160,555) 1,506,700 Page 18 continued...
WYTHALL ANIMAL SANCTUARY NOTES TO THE FINANCIAL STA TEMENTS- continued for the Year Ended 29 February 2024 18. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement ITh funds, included in the - as follows: Incoming resources Resoiwces expended Gains and losse5 Movement in funds Unrestrlcted funds General fund 844,101 (1,000,738) (3.918) (160,555) TOTAL FUNDS 844.101 (1.000.738) (3.918) (160.555 j 19. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 29 February 2024. Page 19
WYTHALL ANIMAL SANCTUARY DETAJLED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 29 February 2024 2024 INCOME AIYD ENDOWMENTS Donations and legacies Donations Subscriptions received Legacies Grants 287.913 2.924 69.369 56.715 5,338 128.268 360.206 194,857 Other trgding aetivities Shop income PetplaTh Conunission Rent Received 1.419 9.586 13.250 10.065 1.675 24,255 21,740 Investment income Bank interest received Investm¢nt income 604 10,751 181 9,905 11.355 Charitable activities Boarding 111.970 109,632 Total incoming reUrceS 507,786 EXPENDITURE Raising donatiolls gnd legacies Charity shop expense8 Advertising raisiri8 fimds 204 1,198 190 1,272 902 1.592 5.815 Ch•rit8ble activities Wages General rates and water Insurance Lighi and heal Repairs and renewals Miscellaneous expenses Veterinary Costs Animal costs Cleaning and wastr disposal Freehold property 27J.985 6,186 7,018 19,223 7,497 1,487 44.130 11,881 18.981 19,775 317,640 7,195 18.139 1,877 62,023 18,947 19,775 410,163 This page does not forni parl of the statutory fmancial slalements Page 20
WYTHALL ANIMAL SANCTUARY DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 29 February 2024 2024 2023 S'upport eosts Management Telephone Bank charge5 Postage and stationery IT and Software Motor Lxpenses Accountancy Professiunal fees Consultancy fees Plant and machinery 2,276 5.948 652 2,557 3,672 6,247 2.500 23,379 3,403 4,160 1,954 2.676 6,497 3,374 10,700 Total resources expended 462,389 5J8,J49 Net ineomel(expenditure} before gains and losses 45,397 Realised recognised gains and losses Realised gains1(losses) Dn fixed asset investmenls 15.401 (19.i19) Net incomel(eipenditure) 60,798 This page does not forni part of the statt]tory financial statements Page21