Charlty number: 1140628 Happy Endings Rescue Unaudited Trustees. report and financlal ststements For the year ended 28 February 2021
Happy Endings Rescue Cc•ntents Page Refgrgnce and admlnlstratlve deta115 of the Charity, its Truste9$ and advlsers Trustees, report Indepondent oxamlnerf$ report statement of financial actlvitl&s Balance sheel Notes to the financlal ststements 8-17
Happy Endlngs Rescue Reference and administratlve details of the Charity, Its Trustees and advisers For the year ended 28 February 2021 Trustees Christopher Jones Tery Kemp Kim Broderick Lynne Beavan Charlty gISred number 1140628 Prlnclpal office Hill Side Well Lane Ospringe Faversham Kent ME130SD Accountants Kreston R6èves LLP Chartered Accountants Montague Place Quayside Chatham Maritime Chatham Kent ME4 4QU Page 1
Happy Endlngs Resoue Trustees. report For the year endod 28 February 2021 The Trustees present thelr annual report together with the financial statements of the Charity for thg year ended 28 February 2021. Objectlves and actlvltles Policles and objgctlves The purpose of the Charity is to relieve the suffering and distrèss of animals in need of re and attention in South East England in any or all of the following ways.. al to rescue, home or rehabilitate and rehome stray, abandoned and unwanted animals bl to provide long term f051er care for homeless animals c) lo provide velerin8ry treatment. vaccination, neutering and spawng where neGess8ry. There have been no changes lo the objects in the year. In setting oblectlv8s and plannln9 for activllles, the Trustees have given due conslderation to general guldan published by the Charity Commisslon relating lo public benefit, including the guidance 'Publie benefit= running a charity IP82)'. Achievemenls and perforniance Revl8w of actlvltles With the start of COVID and the first initial lock down in March, the pandemic had a mixed impa¢t on the charity. Whilst all 51aff were maintained and none were fudoughed, there was an overwhelming increase in additional volunteers due to them bèing furlough in their main jobs. This gave us the chance lo increase the manpower on sile and for the animals lo receive more human interaction and handling. Rehoming animals was especially busy, wth careful consideration taken to those that had pvioUSlY adopted from us and where home checks were already In place. With the Market Stall dosed. a Member of the p$jIC started making face masks and donating 811 proeeeds lo the charity. In August, the Market Stall reopened whtch improved much needed fvndraising. In April we launched the first live tour of Ihe site via our Facebook page. which was a huge success and we look forward to doing more of these in the fvture. During July we built a new duck pond. which wa$ a much needed addition to the poultry pens to improve enrichmenl and wellbeing. Works were started on refurbishing and concreting the stable yard, this will enable us to isolate equines, whilst having an adequale hard surface area for handling, treatment and access. Towards the end of the year we had a terrible week of snow making things extra hard for th& staff and volunteers. Page 2
Happy Endlngs Rescue Trustees. report Icontlnued) For the year gnded 28 February 2021 Achiovgments and pèrfomiance (¢ontlnued) b. Fundralslng Macknade Food Hall held a virtU81 dog show to raise funds, which was a greal success as we weren't able lo hold our usual dog show in Faversham Market. In May and Novemb8r a fundraising appeal was launehed in the local newspap&r and social media, duo lo nol being able lo continue usual fundraising avenues. such as the Market Stall. Thore was also a huge push to promote Animal Sponsorship S¢heme in time for Christmas. The Christmas Auction beal previous years and raised over £2,700. We launched a cooperative wth Gillel Cook County Store, whereby members of the public are able lo buy animal feed and bedding direGUy from them and they deliver all purchased items lo site. Amazon Smile's first donation was received of £134, after people use the Amazon Smile website to shop. Wo received a great response to our Donkey appeal vla F3bOOk for food and bedding. . Roscues & Rohoming Ter, a blind pony that had been with the us for some lime, was rehomed and is now enjoying his lrfe with his new family. We undertook a rescue of Shetland ponies that had been kept in bird aviaries and were in terrible condition. In January, we rescued Shane laka Olive) a very poorfy horse. She reIved an incredible amount of support from the public. In February we supported our fellow welfare organisations and assisted the RSPCA and British Horse Society to rescue a heard of Shetlands. We took ownership of 9 and launched a fundraising appeal, for whlch we raised over a £1,000 in a week. Financlal revlew a. Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they conllnue to adopt the going concem basis In preparing the financial stat8menls. Further details regarding the adoption of the going concem basis can be found in the accounting policies. b. Reserves policy The increasing costs of animal care highlight the need for the charity to hold in reseNe a minimum of £10,000 to 8nable the charity to meet short term financial commitmonts whilst altemative funding is sourced. The r6s8rves al 28 FebNary 2021 were £250,14212020= £40,470). structure, governance and management a. Constitutlon Happy Endings Rescue is a registergd charity, number 1140628, and is constituted under a Trust de9d. Page 3
Happy Endlngs Rescue Trustees. report Icontlnuedl For the year ended 28 February 2021 Struetures governan¢0 and management (continued) b. P4tethods of Appointm¢nt or gle¢t7on of Trustees The rn2nagement of the Charity is the responsibilty of Ihe TIu5tseB who are elected and Cowopled under the terms of th& Trust deed. statement of Trustees. responsibilities The Trustees ar& rèsponsible for Preparing tho Twstees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Klngdom Genarally ACpted Accounting Praclicel. The law applicable lo charities in England & Wales requires the Truslees to prepare flnancial statements for each financial y8aT which give a true and fair Mew of the stale of affairs of the Charity and of ils incoming sources and application of r&sources, includlng ts income and expenditure. for Ihat period. In preparing th&s8 financial statements, the Truslg9s are required to.. sglecl suitable accounting poli¢tes and then apply them Gon8lstently, obsetve the methods and principles of the Charilles SORP IFRS 102}', mak• judgments and accounttng estlmate5 that are reasonable and prudenL state whether applicable UK Accounting S18ndards IFRS 1021 have en followed, subject lo any material departures disclosed and explained in the financi81 statements- prepare the financi81 statements on the going concem basis unl8ss it is Inapprolate to presume that the Charity will continue in business. The Trustees are responslble for keepin9 adequate accounting records that are sufficienl to show and explatn the ChariW5 transactions and disdose with reasonable accuracy al any lim& the financial position of the Charity and enable them to ensure that the financial statements comply wlth the Charities Act 2011, the Charity (Accounts and Repo) Regulations 2008 and the provisions of the Trust deed. They are also responsible for saftrguatding tho assets of the Charity and hence for taknng reasonable steps for the preventton and detection of fraud and other irregulariti8S. Approved by order of the members of the board of Trustees and slgned on their behalf by.. Terry Komp Truslee Date.. 2610712022 Page 4
Happy Endings Rescue Independent exarnin¢¢s report For the year ended 28 Fobruary 2021 Independent èxaminerfs report to the Trustees of Happy Endlngs Rescue {Iho Charity'l I report lo the charity TrLtstees on my examination of the accounts of the Charity for the year ended 28 February 2021. Responslbilitles and basi5 of r•port As the Trustees of tho Charity you are responsible for the preparation of the accounts in accordance with the requirements of th8 Charities Act 2011 Ilhe 2011 Acr). I report in respect of my examination of the charits accounts ¢arried out under section 145 of the 2011 Act and in carrwng out my examination I have followed the applicable Directions given by the Charity Commission under section 145151(bl of the 2011 Act. Ind6ptrnd¢nt •xamlneVs statement Since the Charills gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of Inslilule of Chartered Accountants England and Wales. which is one of the listed bodi8s. Your attention is drawn to the fact that the Charity has prepared the accounts in accordance Mlh Accounting and Reporting by Charitiès.- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReF)Orting Standard applicable in the UK arsd Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by ChaTilies'. Statement of Recommended Practice issued on 1 Apiil 2005 which is referred lo in the extant regulations but has been withdrawn. I have completed my examination. I confim that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of Ihe Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those rocords,. or the accounts do not comply with the applicable requlremenls contrrning the form and content of accounts sel out in Ihe Charilies (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a 'lrue and faif view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectioll with the examination lo which attention should be drawn in Ihis report in order lo enable a proper understanding of the accounts to be reached. This report Is made solely lo the Charity's Trustees, as a body, in accordance with Part 4 of the Charities {AccoLtnls and Reports) Regulations 2008. My work has been undertaken so thai I might state to the Charills TSte&S those matters l am required to state to them in an Independent examineS report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charitys Trustees as 2 body. for my work or for this report. Dated: IÉ- TrL 20 Z Signed: SM Robinson BA FCA FCIE DChA MCMI Kreston Reeves LLP Chartered Accounlanls Chatham Maritime Page 5
Happy Endings Rescue ststement of ftnanGlal actlvltle8 For the year end8d 28 February 2021 Unrestrlcted funds 2021 Total fund$ 2021 Total funds 2020 Note Income from: Donations and legacies Other trading 8Ctivilies Inveslments 400,436 20,043 103 400,436 20,043 103 166.209 69,301 Total Ineome 420.582 420,582 235,510 Expenditure on: Raising funds Charitable activities 3,056 206,231 3,056 206.231 15.833 187,915 Total expendtture 209,287 209.287 203,748 Net income before nèt losses on Inv6$trnonts Net losses on investments 211,295 (1.623) 211.295 {1,623) 31,762 Net movement in funds 209,6n 209.672 31,762 Reconciliation of funds: Total funds broughl forward Net movement in funds 40.470 209.672 40,470 209,672 8.708 31.762 Total funds carried forward 250.142 250.142 40.470 The Statement of financial activities indudes all gains and losses recognised in the year. The notes on pages 8 to 17 fonn part of th&se financial statements. Page 6
Happy Endlngs Rescue 8alanGe shegl As at 28 F&bTuary 2021 28 February 2021 29 February 2020 Note Fixed assets Investments 12 79.294 79,294 Current assets Debtors Cash at bank and in hand 13 12,665 160.875 40.470 173.540 40,470 Creditors.. amounts falling due within one year 14 12,692} Net trrent a$sgts 170,848 40,470 Totsl net assets 250,142 40,470 Charity funds Unrestricted funds 15 250,142 40,470 Totsl funds 250,142 40,470 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Torry Kftmp Trustee Date.. 2610712022 The notes on pages 8 10 17 form part of these financial stalements. Page 7
Happy Endings Rescue Notes to the financial statements For the year ended 28 February 2021 Goneral infom)atlon The Charity is an unin¢orpor8ted charity, regislered in England and Wales, with the charity number 1140628. The Charitys registered office is shown on page 1. The CharitWs objects can be found in the Trust8es' report on page 3. Accounting policles 2.1 Ba$1$ ot prgparatSon of flnanclal $tatements The financial statements have been prepared in aCCOTdance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable lo charities preparing their èccounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Ropublic of Ireland (FRS 1021 and the Charities Act 2011. The financial slalements have been prepared to give a Irue and fairt view and have departed from the Charities IAccounts and Reports) Regulations 2008 only lo the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than Ihe Accounting and Reporting by Charities: Statgmenl of Recommer)deO Practice effective from 1 April 2005 which has since been withdrawn. Happy Endings Rescue meets the definition of a public benefit entty under FRS 102. Assets and liabilities are initially recognised at histThical cost or transaction value unless otherwise slated in the relevant accounting poliw. The financial slatemenls have been prepared using the accruals basis for the financial year ended 28 February 2021. The prior year financial slalements for the year ended 29 February 2020 were prepared under the reciepls and payments basis. 2.2 Golng Concern The Trustees assess whether the use of going concern is appropriate i.e. whelhel there are any material uncertainties related lo events or conditions that may casl significant doubt on the ability of the Charity lo continue as a going concern. The Trustees make this assessment in respect of a perlod of at least one year from the dale of aulhofisalion for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charills ability lo continue as a going concern, Ihus they Gontinue lo adopt the going ¢oncem basis of accounting in preparing the financial stalomenls. 2.3 Income All income is rgcognised oncg the Charity has entillemenl to the income, il is probable that the income will be received and the amosjnt of income receivable can be measured reliably. Income lax recoverable In relation to donallons r8celved under Glft or deeds of covenant Is recognised at th6 time of the donation. Income tsx recoverable in relation to investment income is reD)gnised at the time the investment income is receivable. Page 8
Happy Ending$ Rescue Notès to thè flnancial slatemenls For the year ended 28 February 2021 Accountlng pollcle$ Icontlnuedl 2.4 Expendlthro Expenditure Is recognised once there is a legal or conslruclive obligation to tran9fer economlc benefit to a third party. it is probable that a transfer of economic benefits will be required in settl8ment and Ihg amount of the obligation can be measured reliably. Expendilurg is classified by activity. Th8 costs of each activity are madg up of the total of direct eosls and shared costs, including support costs involved in Ltndertaking oach activity. Direct costs attributsble lo a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single a¢tivity are apportioned between those activit18s on a basis consistent with thè use of resources. Central staff costs are allocated on th& basis of time 5Ponl, and depreciation charges allocated on the portion ol the asset's use. Expenditure on ralsing funds includes all expenditure incurred by the Charity to raise funds for its charitable PLtrposes and indudes costs of all fundraising activities events and non-charilable trading. Expenditure on charitable activities is In¢urred on directly undertaking the activities which fvrther the Charitys objectives. as well as any assoGialed support costs. All expenditure is indusive of irrecoverable VAT. 2.5 Interest ro¢9ivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity.. this is nomally upon noltfic8tion of the interest paid or payable by the institution with whom the funds are depoted. 2.6 Investmonts Fixed asset investments are a form of financtal instrument and are initialty recognised al their transaction cost and SLsbsequenlly measUd at fair value at the Balance sheet dale. unless the value cannot be measured reliably in which case il is measured at cost less impairment. Investment gains and 1055es, whelher realised or unrealised, are combined and presented as 'Gains/lLossesl or5 investments, in the Statement of financial acllv5ties. 2.7 Debtors Trade and other debtors are rgcognised at the selllement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts du8. 2.8 Cash at bank and in hand C8sh al bank and in hand includes cash and short-lerm highly liquid investrnenls wth a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 9
Happy Endings Rescue Notes to the finan¢lal statemènts For the year ended 28 February 2021 Accounting pollcles lcontlnued) 2.9 Liabilltles and provislons Liabilities are recognised when Ih8re is an obligation at the Balanee sheet date as a resull of 8 past event. it is probable that a transfer of economic benefit will be required in settl&mgnt, and th8 amount of the settlement can be estimated reliably. Li2bililigs are recognised at the amount that the Charity antlcipates it will pay to sellle tho debt or the amount it has received as advanced payments for the goods or servic85 Il must provide. Provisions Ire measured at the best estimate of the 8mounts required to sethe the obligalion. Where the effect of the lime value of money Is material. the provision is based on the present value of those amounts, discounted al the pre-tax discount rale that reflects the risks specrfic lo the liability. The unwinding of the discount is recognised in the Slalement of financial activities as a linance cost. 2.10 Flnancial instrumenls The Charity only has financial assets and financial li2bililies of a kind Ihal qualify as basic fir)ancial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value wlh the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.11 Pensions The Charity operates a defingd contribution penslon scheme and the pension charge represents the amounts payable by the Charity lo the fund in respect of the year. 2.12 Fund accounting General funds are unrestricted funds which 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 t)urposes. Inveslment income, gains and10sses are alloGated to the appropriate fund. In¢ome from donations and lega¢i0S Unrestrfcted funds 2021 Total funds 2021 Total nds 2020 Donations 400,436 400,436 166,209 Page 10
Happy Endings Rescuo Notes lo the flnancial statements For the year ended 28 February 2021 Incomg from other tradlng actlvltles Income from fundralslng event$ Unrnstrlcted fund$ 2021 Total funds 2021 Total funds 2020 Fundraising and events 20.043 20.043 69,301 Invostment inrne Unrestrled funds 2021 Total funds 2021 Total funds 2020 Investment incom8 103 t03 Expenditure on raising fvnds Costs of raising voluntsry incomo Unrestrlctod funds 2021 Total funds 2021 Total funds 2020 Fundraising and printing costs Advertssing and promotion 10.233 5,600 3.056 3,OS6 3.056 3.056 15,833 Page 11
Happy Endings Rescue Notes to the financlal stalements For the year ended 28 February 2021 Analysis of expenditure on charltsble actlvltle$ Summary by fund type Unr•stricted funds 2021 Total funds 2021 Total funds 2020 Direct Costs 206.231 206,231 187,915 Anatysis of expenditure by a¢tivitles Actlvlties ndortaken dlrectly 2021 Support eosts 2021 Totsl funds 2021 Total funds 2020 D1ct costs 132.427 73.804 206,231 187,915 Totsl 2020 149.874 38.041 187.915 Anatysis of dlro¢t Gosts Total fDnds 2021 Total fvnds 2020 Activitles 2021 Staff costs Rent and livery Velorinary fees Animal feed Animal bedding Exotic birds and animals Hay and straw Farrier Equipment and supplies 72,503 22,422 23.994 1,264 417 72,S03 22,422 23,994 1.264 417 59,898 21,616 53.824 2.060 140 8.280 659 1.070 2,327 3,052 1.691 2,683 4.401 3,052 1.691 2,683 4,401 132,427 132,427 149,874 Page 12
Happy Endlngs Rescue No¢oS to the financlal statements For the year ended 28 February 2021 Anatysls of expènditure by actlvltles {contlnuedl Analysis of support costs Total funds 2021 Totsl funds 2020 Activlties 2021 Utilities Repairs and maintenance Fuel and transportation Insurance Office supplies and postage Merchant fees Professional servi¢es Independent examination fee 5.297 56,921 3.832 1.143 1,254 2.380 1.057 1.920 5.297 56.921 3.832 1,143 1.254 2.380 1.057 1,920 4,249 11.904 2,324 1.143 206 463 17,752 73,804 73.804 38,041 Independent examingr's remungration 2021 2020 Fees payable to the Chariws Independent examin8r for the independent examination of the Charitys annual accounts 1,920 10. Staff costs 2021 2020 Wages and salarfes Sodal security costs Contribution to defined contribution pension schemes 68.295 516 3,692 59,898 72.503 59.898 The average numb8r of persons employed by the Charity during the year was as follows: 2021 2020 No. Employees No 8mploy9e received rgmunerallon amounting to more than £60.000 in either year. Page 13
appy Endlngs Rescue Notes to the financlal statements For the year endgd 28 February 2021 11. Twstees. remuneratlon and ¢xpense8 During the year. no Trustees received any remuneration or other benefits {2020 - £NILI. During the year ended 28 February 2021. exp8nses tolalling £6.004 were reimbursed or paid directly to 1 Truslee12020- £NILI- The expenses re-imbursed related to repairs on the animal enclosures. 12. Flxed asset Investments Listed Investmènts Cost or valuation Additions 80.917 {1.6231 Revaluations Al 28 FebnJary2021 79,294 Not book value Al 28 February 2021 79.294 13. Debtors 28 Febmary 29 February 2021 2020 Due withln one year Other debtors Tax re¢overable 3.145 9,520 12,665 Page 14
Happy Endln9s Rescue Notes to the flnancial statements For the year ènded 28 February 2021 14. Credllors: Amounts hlling due wSthin one year 28 February 29 February 2021 2020 Other taxation and social security Accruals and defwr8d incomè 772 1.920 2.692 15. Ststement of funds Statement of funds - current year Balance at Gainsl 28 Fèbruary {Lossesl 2021 Balance at 1 March 2020 In¢ome Expendlturo Unr•stri¢ted fund$ General Funds 40,470 420,582 1209.2871 {1.623) 250,142 Statement of funds - prior y•ar Balancg at 1 March 2019 Balance at 29 February 2020 Income Expenditure Unrgstrided funds General Funds 8,708 235.510 1203,748) 40,470 Page 15
Happy Endlngs Rescue Note5 tr> the financial ststements For the yoar gnded 28 Fgbruary 2021 16. Summary offunds Summary of funds - current year Balance at Galnsl 28 Fèbruary (Lossgsl 2021 Balance at 1 March 2020 Income Expenditure General funds 40.470 420,582 {209.287) (1.623) 250,142 Summary of funds - prlor year Balance at 1 March 2019 Balance at 29 February 2020 Income Expenditure General funds 8,708 235,510 1203.748) 40.470 17. Analysis of net assgts between funds Analysi¥ of n•t assets betwe•n funds . curront year Unrestrict9d Total funds funds 28 Fobruary 28 February 2021 2021 Fixed asset investments Current assets Creditors due within one year 79,294 173,540 12,6921 79.294 173.540 12,6921 Total 250,142 250,142 Analysls of nel assets between funds- prfor year Unrestricted Total fijnds funds 29 February 29 February 2020 2020 Current assets 40,470 40.470 Total 40,470 40,470 Page 16
Happy Endlngs Rescue Notes to the financlal statemgnts For the year ended 28 February 2021 18. Pension commitments The Charity operates a defined conlributlon pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £3,692 {2020.' £nill. Ai the balance sheet, there were no contributions outstsnding12020- £nill. 19. Related party transactions During the year, the Truste6s made donations to the Charity tolalling £884 (2020.. £nil}. During the year, the Chartly received donations from Faversham Animal Welfare, of which C Johns and T Kemp were also Tiustees. The donations received amounted lo £110,545 {2020'. £nill and were donated to the Charily on the dosure of Favgrsham Animal Welfar8. Page 17