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2021-12-31-accounts

Charity Registration No. 1143338

Company Registration No. 07690478 (England and Wales)

THE KIT WILSON TRUST FOR ANIMAL WELFARE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

THE KIT WILSON TRUST FOR ANIMAL WELFARE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms Colette H Marshall (Chairman)
Mrs Marilyn E Alexander (Honorary
Treasurer)
Mrs Dianne Harding (Honorary
Secretary)
Mrs Rosemary A Goodsell
Mrs Rachel J Widdows
Ms Lois E Pearce
Mrs Vivienne R Norman (Appointed 16 June 2022)
Charity number 1143338
Company number 07690478
Principal address The Kit Wilson Trust Animal Rescue Centre
Stonehurst Lane
Hadlow Down
Uckfield
East Sussex
TN22 4ED
Auditor Price & Company
30-32 Gildredge Road
Eastbourne
East Sussex
BN21 4SH
Bankers National Westminster Bank
49 High Street
Uckfield
East Sussex
TN22 1GW
Solicitors Gaby Hardwick
34 Wellington Square
Hastings
East Sussex
TN34 1PN
Website www.kitwilsontrust.org.uk

THE KIT WILSON TRUST FOR ANIMAL WELFARE

CONTENTS

Page
Trustees' report 1 - 10
Statement of Trustees' responsibilities 11
Independent auditor's report 12 - 15
Statement of financial activities 16 - 17
Balance sheet 18
Statement of cash flows 19
Notes to the financial statements 20 - 39

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their annual report and financial statements for the year ended 31 December 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust's governing document, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and activities

The objectives of the charity are to promote the welfare of animals by:

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.

Approach to fundraising

The Kit Wilson Trust receives no government funding and relies entirely on voluntary support to continue our work. Our fundraising conforms to recognised standards which protect the general public and ensure that our supporters are satisfied with communication that they receive from us.

We fundraise in a number of different ways however most have not been possible in 2021 and we have relied on our social media outlets.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Any fund raising complaints received are discussed in full at our Trustee Meetings, logged and dealt with promptly.

Volunteers

The Trust is very fortunate to have well over one hundred hard working and dedicated volunteers. These volunteers work in the shops, take kennel dogs for walks, socialise cats, help at the Centre, assist at fundraising events, answer telephones and undertake home vetting prior to rehoming animals.

The volunteer application forms have been rewritten and now include the details and responsibilities for the particular voluntary work applied for. All volunteers are now also asked to complete a data protection form. A list of all volunteers, including volunteers at the shops, has been compiled to ensure that they have all signed the data protection forms. A reminder to complete the data protection form has been sent out.

Due to the Covid 19 pandemic most volunteers have been unable to help with work at the Trust. Similarly the Trust has not been able to recruit any new volunteers. Volunteer application forms continue to be received and the applicants have been informed that their details will be held on file with their agreement. Potential volunteers will be contacted once it is possible to hold an in person meet and greet. In June a few well known volunteers returned to the Trust. These are dog walkers and cat cuddlers.

The Trust has its own website that is continually updated. This proves very useful to promote the re-homing of cats and dogs. The website also provides information on forthcoming fundraising events being held, the sponsorship of animals and other useful information. The website has a modern and attractive appearance and is linked to our Facebook site enabling us to reach out to a wider audience. The website has been particularly useful during 2021, keeping the public up to date with the animals in our care as well as helping with the promotion of fundraising events held at Pets at Home. A donate button has been added to the website and is clearly visible on the first page.

The Trust has a following on Facebook with a growing group of over 2,208 'friends' with the addition of a Facebook Page with 5,345 likes and 5,637 followers; this enables us to reach a wider audience, with some posts reaching an audience of 5,000, and also for highlighting fundraising events and information.

The page header on our Facebook page was changed every day during the month of June which was well received by our supporters. The photographs included the Centre cats, aged cats, ferrets, ponies and goats. Recent videos of animals in our care were also uploaded to Facebook and enjoyed by our supporters. We will continue to add regular videos to our Facebook page.

The Trust’s Twitter account is another way of reaching a target audience. We have tweeted 1,647 times, are following 93 and have 182 following us.

The Trust’s Instagram account provides a useful way of reaching out to our younger population. It is a useful medium to help advertise our Christmas Food Appeal and Pets at Home fundraisers. Our Instagram following increased when photographs of our goats were posted. Our Instagram account has 435 followers.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

The Trust’s Mailchimp account is another way of reaching our supporters with up to date information about The Trust.

An Amazon Wish List is regularly updated to enable people to make a gift to us of items that we are in need of.

A Just Giving page has been set up as a way for the public to make donations to the Trust. There is also the facility to donate by texting from a mobile phone. Just Giving is well used by our supporters taking part in sponsored marathons, walks and other events.

The Trust send the annual 'Tails' magazine and The Bulletin to 2,185 people who have confirmed that they would like a copy under GDPR rules. Editions are also available at the Rescue Centre, our charity shops, collecting box sites, fundraising events and on-line via our website. Whilst it was not possible to produce a newsletter last year due to Covid, a Tails magazine and a Bulletin were published this year.

Our Christmas Food Appeal once again provided donations by way of food, toys, and treats as well as monetary donations . This year the food appeal raised £17,258.86. The Just giving site raised £8,749.08 including gift aid. The Christmas food appeal may not have raised as much money as previous years due to the Covid pandemic.

We were once again selected by Support Adoption for Pets to receive pallets of food and pet products from Pets at Home under the damaged stock scheme . We also received £2,000.00 in lifelines as part of a fund raising incentive that Support Adoption for Pets ran for their staff. A further £2,668.65 from the instore Santa Paws fund raising appeal was also received.

During 2021 the Trust continued to raise money through the fundraising partnership scheme in conjunction with Pets at Home in East Grinstead. Once again it was not possible to fundraise at the store however the Pets at Home fundraising schemes were highlighted on our Social media channels. The Pets at home summer fundraiser “Pedal for Paws” raised £1,074.00, we committed to promoting the advert on our social media platforms 4 times during the period that it was running.

Santander in Tunbridge Wells and Crowborough held food collection points at their branches. A large selection of food was handed in to the Centre.

By the end of 2021 the Trust were receiving 80 regular payments by banker’s order and 55 for animal sponsorship.

The Trust is thankful for the support of businesses and individuals that have collecting boxes, boxes for donated animal food, sponsoring fundraising events and for advertising in our publications. The Trust now has 55 collecting box sites.

A core supply of merchandise is now kept at the Trust. This is sold at the Centre, advertised in our newsletter and taken to fund raising events to help encourage sales. The merchandise range includes car window stickers, drawstring bags, barrel stylus pens, Flumpets and Caffe mugs. A merchandise stock take was completed and a merchandise order form is to be included in the Tails edition to be sent out next year. This will help reduce excess stock held at the Centre. Merchandise will also be used as future raffle and tombola prizes.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

It was not possible to hold many fund raising events during the year due to Covid however the following fund raising events were held during 2021.

We continue to seek high profile Patrons to further enhance the profile of the Trust and its work.

Achievements and performance

House repairs - The kitchen has been replaced and the snagging list completed. The conservatory windows need to be replaced as they are rotten and the conservatory is damp. Quotes have been obtained to replace the roof. Listed building consent is being sought. Quotes for scaffolding need to be obtained as well as quotes and listed building consent to replace the cast iron guttering.

It was agreed to use heritage handmade tiles on the roof rather than factory manufactured uniform tiles as they are in keeping with the age of the property. A bat survey was carried out over three days in May and June and no activity was found. However, as the roof is a prime bat habitat location, bat habitation may need to be included when the roof is replaced. The roof has been measured and photographed in accordance with the planning application. It was proposed that scaffolding with a canopy is erected over the roof.

It was agreed to replace the broken slabs on the patio area and to replace the old paving slabs with appropriate and in keeping brick pavers at the front of the house. As the exterior of the house needs painting, once a scaffold has been erected it will be left in place for painters to use thereby saving costs.

Building Work - The first phase of the planned building work will be to convert the cabins over the road into a dog and cat clinic. A planning consultant and an architect have been sourced and topographical surveys and elevations were drawn up on the 14 th May and submitted. The Trust will not need to pay any planning fees as we are a charity. Grants for the building work will be applied for once the necessary building plans are in place.

Cattery Kitchen - A new cattery kitchen was installed on the 8 th March including plumbing, electrics and radiator replacement.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Budgie Aviary – A new aviary has been completed and over 80 budgies have been added.

Kennel Office - No further work can be undertaken as there is asbestos in the ceiling. The asbestos will be removed during 2022.

Telephone system - The telephone system has been updated throughout the centre. Problems are still being experienced with the new system.

Fencing – New fencing has been installed around the Brick Kiln Lane plot gateway.

First Aid - Due to the Covid 19 pandemic it has not been possible to provide further First Aid training. As both Ms Marshall and MS Widdows have completed their training there is a first aider on site. The first aid drawers are regularly checked to make sure that they are complete and up to date.

Health and Safety - An asbestos report has been organised. Pat testing was completed on the 28 th April. A meeting was held on the 9 th December to prepare for an upcoming Health and Safety audit.

Fire Safety - Regular inspections are carried out to ensure that corridors and exit areas are kept clear at all times. The fire extinguishers around the Centre are checked on a regular basis. A fire drill took place on the 22 nd April. The fire extinguishers have been replaced throughout the Centre.

Covid 19 – All staff are continually kept up to date with the latest Covid guidelines. Formal and informal meetings have been held and memorandums have been given to all staff. Guidelines are kept under constant scrutiny and applied wherever appropriate. Widespread use of masks and washing of hands is continually enforced. Social distancing is adhered to. Thermometers have been introduced to the Centre for the staff to use. Visitors to the Centre are asked to sanitise their hands and wear a face mask and are only invited into the reception area on essential business.

Policies - policies have been finalised and put in place. These policies include a Risk management policy, an Investment policy, a Safeguarding policy, a Conflict of Interest policy, a policy for managing volunteers, a policy for handling complaints and a policy for paying staff.

Staff Training - Senior staff attend meetings to discuss risk assessments and are given training on how to complete health and safety modules online.

Aged dog Appeal - The aged dog appeal stands at £54,095.64.

Dog Walk - The dog walk was cancelled due to the Covid 19 Pandemic. A successful online dog show was held in its place and raised £933.00.

Meadow Barn - The erection of security fencing for dog training and exercising purposes will help utilise this area in the future. Security cameras will be added now that the fencing has been erected.

Portable Fencing - Movable fencing purchased for the exercise and training of dogs has proved invaluable and is in daily use.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Aviaries - The Trust has a number of aviaries that house unwanted domestic birds and wild bird casualties prior to rehabilitation. Constructions of the new Raptor and Corvid Aviaries have been temporarily delayed, but are planned for completion in the future. An owl aviary is also being planned. A Weldmesh aviary has been purchased for the budgerigars.

Planning Restrictions - A seven-kilometre planning exclusion zone, by Wealden District Council, was placed around the perimeter of the Ashdown Forest. This includes the Animal Rescue Centre. This exclusion zone has been put in place to protect the Forest from the destruction of rare heathland. Any further development will need to prove that it will not damage the Forest. Of most concern to Wealden District Council is the impact on the ecology caused by an increase in nitrogen deposition from vehicle emissions. Increased recreational use from housing growth is also a concern.

Rabbit Housing - Temporary housing for rabbits and guinea pigs is in use and will be in place until a permanent structure has been completed.

Cats, Dogs and small animals - In 2021 we have taken in 80 dogs, 122 cats, 38 rabbits, 45 guinea pigs, 4 ferret, 36 rodents. 125 of various types of domestic/wild birds and other wildlife.

We have adopted out 67 dogs, 75 cats, 21 rabbits, 12 guinea pigs, 0 ferrets and 7 rodents. The birds reside in a sanctuary situation.

We currently have 33 dogs with a further 13 dogs in foster homes as well as 86 cats including the feral cats that live at the Centre. We still have a high percentage of Staffordshire Bull Terriers and Bull breed crossbreds in the kennels. As we do not discriminate against certain breeds, our intake, especially from pounds, has a high percentage of this type of dog which has had the resulting impact on our homing activities. Finding suitable homes for these, which unfortunately is increasingly a nationwide problem, is becoming more difficult, resulting in these dogs residing with us far longer than the more appealing dogs and puppies. As we operate a non-destruction policy therefore over time, a nucleus of these dogs remain in long term care until, eventually, a home is found. Only on severe temperament grounds, after careful assessment, will a dog be destroyed or, as may be the case with other animals too, untreatable ill health.

Great care is taken finding homes for our animals, ensuring that each dog or cat is selectively matched including on-call advice and support, especially during the settling in period.

The Trust cares for all types of animals and the Rescue Centre has become a permanent sanctuary to some of the animals which currently includes 19 equines, 38 feral cats known as Centre cats which have their own accommodation, 2 sheep, 2 pigs, 9 goats, 12 ferrets, 25 rabbits and 38 guinea pigs, 38 rodents and 361 birds which include parrots, parakeets, finches, canaries, pigeons, doves and poultry.

Wildlife Rescue - We always have in residence a number of wildlife casualties with rescue and rehabilitation going on throughout the year. This includes the intake of hedgehogs, foxes, badgers, occasionally deer, a wide variety of wild birds and smaller creatures.

Ambulance - The Trust has two small animal ambulances and they prove invaluable being in constant use for the collection of unclaimed stray dogs from pounds, cat rescue, wildlife casualties and veterinary trips.

Grooming Room - This is fully functional and in daily use.

Staff Accommodation - Further refurbishment is planned for the other staff accommodation.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Financial review

It is the policy of the Trustees to maintain unrestricted free funds at a level which equates to approximately one year's unrestricted expenditure. Unrestricted free funds are those funds that are readily realisable and, thus, do not include the charity's fixed assets. At the least, this level of funding was maintained throughout the review.

Investment review

The Trustees are empowered by the Trust deed to invest the charity's funds in whatever manner to be appropriate to enable the continuance of the charity's objectives. The Trustees endeavour to make ethical investments wherever possible.

Risk management

The Trustees have examined the major strategic, business and operational risks, that the Charity faces and confirm that on-going systems have been established so that the necessary steps can be taken to lessen such risks.

The Charity pays an indemnity insurance premium to cover the Trustees in their duties on behalf of the Charity.

In this day and age of litigation, the Trustees agreed to sign up to an Employment Mentor Service provided by our bankers as it was felt necessary to be able to access expert advice due to the many changes in employment law.

The Trustees decided that the issue of Health and Safety would be moved to the same Mentor Service provided by our bankers and this has been implemented.

The Payroll and Pension Scheme has been outsourced to Price & Company.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Plans for future periods

Ongoing maintenance of the Centre continues to ensure the safety for the animals, staff and visitors. The Trust, due to generous legacies, are now in a position to proceed with planning for the proposed building work mentioned below, subject to planning permission.

It is expected that the above projects will use a substantial amount of the reserves.

Structure, governance and management

The Kit Wilson Trust for Animal Welfare is a registered charity number 1143338 and is a Company limited by guarantee number 7690478. On 1 January 2012 , the C harity took over all of the assets, activities and reserves formerly in the same name but constituted under a Trust Deed dated 4th November 1975 and registered as charity number 270419.

The Trustees who served during the year were:

Ms Colette H Marshall (Chairman) Mrs Marilyn E Alexander (Honorary Treasurer) Mrs Dianne Harding (Honorary Secretary) Mrs Rosemary A Goodsell Mrs Rachel J Widdows Ms Lois E Pearce Mrs Vivienne R Norman (Appointed 16 June 2022) Mr Michael Goodsell (Trust Legacy Officer)

No new Trustees were appointed in 2021.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees are appointed by the Board of Trustees and serve for as long as they feel able to serve the Trust. Before being appointed, prospective new Trustees are given a copy of ‘The Essential Trustee – What you need to know’, this is also provided on the Charity Commission website and can be downloaded. When they are appointed, a copy of the Trust’s governing document, the latest accounts and annual return are also given. Once the person in question decides to accept the position of Trustee, they attend the Trustees' next meeting where they are welcomed to the Board. Responsibilities are given to the new Trustees once they are more familiar with the various duties.

The Chairman of the Trust is also the Centre Manager, an unpaid position, and is available twenty four hours a day and seven days a week for all animals in need.

All Trustees have roles in the day to day management of the Trust. Normally the Trustees meet at least on a monthly basis or more frequently as required. Ten meetings were held during 2021, the first two were held via Zoom whilst the remaining eight were held at the Centre.

All the Trustees live locally, hold regular meetings and are in close contact with each other on an almost daily basis via telephone and e-mail. Decisions concerning the Trust are either made during a Trustee meeting or by telephone or e-mail, and action or non-action is carried out depending on the majority vote.

The Trust currently has three Charity Shops. The shops were closed for the first three months of 2021 due to the Covid 19 Pandemic. This was in accordance with government guidelines as well as the fact that several volunteers helping at the shops were in a vulnerable age bracket. As in 2020 in preparation for the shops reopening they were fully cleaned with till screens and PPE still in place. Floor graphics are there to remind people to keep their distance. Customers are asked to sanitise their hands and wear a face mask. The number of customers allowed in the shops at any one time has been limited.

The storage unit is well used with people encouraged to drop off their donations at the unit rather than the shops. This has helped to make the sorting of items much easier and can ensure that the right donations go to the right shops. In June a limited edition piece made by St Paul’s Cathedral to celebrate Charles and Diana’s wedding was donated. This was sent to Gorringe’s for auction and raised £460.00. A Ziffit account has been set up for all books, CD’s and DVD’s that haven’t sold in the shops so that they can still raise funds.

Restart grants were applied for the three shops. £4,000.00 was received for the Uckfield shop and £2,667.00 each for the Heathfield and Hailsham shops.

A fourth shop in the Crowborough area is still being sought, however suitable premises have yet to be found.

The eBay account continues to be used for more valuable donated items. A new eBay system called Management whereby the money from all items sold is paid directly into our bank account has been signed up for and is active. All items to be sold on eBay will be catalogued before they are sold.

The Trustees appreciate that the investment in suitable charity retail outlets bring in a good return.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Supplier payment policy

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

Auditor

A resolution proposing that Price & Company be reappointed as auditors of the company will be put to the members.

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' r eport was approved by the Board of Trustees.

Mrs Marilyn E Alexander (Honorary Treasurer)

Trustee

8 September 2022

THE KIT WILSON TRUST FOR ANIMAL WELFARE

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees, who are also the directors of The Kit Wilson Trust for Animal Welfare for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE KIT WILSON TRUST FOR ANIMAL WELFARE

Opinion

We have audited the financial statements of The Kit Wilson Trust for Animal Welfare (the ‘Trust’) for the year ended 31 December 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) .

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE KIT WILSON TRUST FOR ANIMAL WELFARE

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and , except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Trust and its environment obtained in the course of the audit, we have not identified material misstatements in the d irectors ' r eport included within the Trustees' r eport.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

THE KIT WILSON TRUST FOR ANIMAL WELFARE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE KIT WILSON TRUST FOR ANIMAL WELFARE

Responsibilities of Trustees

As explained more fully in the s tatement of Trustees' r esponsibilities, the Trustees, who are also the directors of the Trust for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below :

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE KIT WILSON TRUST FOR ANIMAL WELFARE

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Malcolm Preece BA FCA DChA (Senior Statutory Auditor) for and on behalf of Price & Company 8 September 2022

Chartered Accountants Statutory Auditor

30-32 Gildredge Road Eastbourne East Sussex BN21 4SH

THE KIT WILSON TRUST FOR ANIMAL WELFARE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted Endowment
Restricted
funds
funds
funds
d esignated
2021
2021
2021
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
543,001
-
1,000
Charitable activities
4
22,080
-
-
Other trading activities
5
278,793
-
-
Investments
6
11,166
-
-
Other income
7
47,496
-
-
Total income
902,536
-
1,000
Expenditure on:
Raising funds
8
201,631
-
1,000
Charitable activities
9
662,508
-
1,562
Total resources expended
864,139
-
2,562
Net gains/(losses) on investments
14
29,042
-
-
Net incoming/(outgoing) resources before
transfers
67,439
-
(1,562)		 Total Unrestricted Endowment
Restricted
funds
funds
funds
d esignated
2021
2020
2020
2020
£
£
£
£
544,001
586,460
-
-
22,080
22,183
-
-
278,793
188,445
-
-
11,166
10,718
-
-
47,496
80,481
-
-
903,536
888,287
-
-
202,631
179,533
-
-
664,070
657,484
-
18,121
866,701
837,017
-
18,121
29,042
(10,791)
-
-
65,877
40,479
-
(18,121)		 Total
2020
£
586,460
22,183
188,445
10,718
80,481
888,287
179,533
675,605
855,138
(10,791)
22,358

THE KIT WILSON TRUST FOR ANIMAL WELFARE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

Net incoming/(outgoing) resources before
transfers
Gross transfers between funds
Net movement in funds
Fund balances at 1 January 2021
Fund balances at 31 December 2021		 67,439
(13,886)
53,553
3,382,952
3,436,505		 -
13,830
13,830
2,009,302
2,023,132		 (1,562)
56
(1,506)
107,511
106,005		 65,877
-
65,877
5,499,765
5,565,642		 40,479
(106,218)
(65,739)
3,448,691
3,382,952		 -
106,218
106,218
1,903,084
2,009,302		 (18,121)
-
(18,121)
125,632
107,511		 22,358
-
22,358
5,477,407
5,499,765

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

BALANCE SHEET AS AT 31 DECEMBER 2021

2021
Notes
£
£
Fixed assets
Tangible assets
15
1,739,687
Investments
16
389,450
2,129,137
Current assets
Stocks
18
53
Debtors
19
225,752
Cash at bank and in hand
3,285,835
3,511,640
Creditors: amounts falling due within
one year
21
(75,135)
Net current assets
3,436,505
Total assets less current liabilities
5,565,642
Income funds
Restricted funds
22
106,005
Unrestricted funds
Designated funds
23
2,023,132
General unrestricted funds
3,436,505
5,459,637
5,565,642
The financial statements were approved by the Trustees on 8 September 2022
Mrs Marilyn E Alexander (Honorary Treasurer)
Mrs Vivienne R Norman
Trustee
Trustee
Company registration number 07690478		 2020
£
£
1,760,960
355,853
2,116,813
531
396,987
3,046,061
3,443,579
(60,627)
3,382,952
5,499,765
107,511
2,009,302
3,382,952
5,392,254
5,499,765		 2020
£
£
1,760,960
355,853
2,116,813
531
396,987
3,046,061
3,443,579
(60,627)
3,382,952
5,499,765
107,511
2,009,302
3,382,952
5,392,254
5,499,765
2,116,813
3,382,952
5,499,765
107,511
5,392,254
5,499,765

THE KIT WILSON TRUST FOR ANIMAL WELFARE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
28
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Proceeds on disposal of investments
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Relating to:
Cash at bank and in hand
Bank overdrafts included in creditors
payable within one year		 2021
£
£
243,797
(12,105)
(5,332)
779
11,166
(5,492)
-
238,305
3,046,061
3,284,366
3,285,835
(1,469)		 2020
£
£
(216,316)
(50,822)
(83,258)
2,225
10,718
(121,137)
-
(337,453)
3,383,514
3,046,061
3,046,061
-

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

Company information

The Kit Wilson Trust for Animal Welfare is a private company limited by guarantee incorporated in England and Wales. The registered office is Stonehurst Lane, Hadlow Down, Uckfield, East Sussex, TN22 4ED.

1.1 Accounting convention

These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The Trust is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the Trust . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Trust.

1.4 Incoming resources

Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies (Continued)

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donatio n.

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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’

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 such as shares for investment purposes. It includes dividends and interest. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the charity’s right to receive payment is established.

1.5 Resources expended

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. All expenditure including support costs and governance costs are allocated or apportioned to the applicable expenditure headings, as noted below.

Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure on the objects of the Charity. Where support costs cannot be directly attributed to particular headings they are allocated on a basis consistent with the use of the resources.

Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees. Where they cannot be directly attributed to particular headings they are allocated on a basis consistent with the use of the resources.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies (Continued)

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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land & buildings 2 % straight line Fixtures, fittings & equipment 20 % straight line Motor vehicles 20 % straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies (Continued)

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/(expenditure) for the year , unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but only to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less selling costs.

Net realisable value is the estimated selling price less all estimated costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust 's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies (Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans , are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust ’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donations and gifts
97,850
-
Legacies receivable
445,151
1,000
543,001
1,000		 Total Unrestricted
funds
2021
2020
£
£
97,850
99,135
446,151
487,325
544,001
586,460		 Total Unrestricted
funds
2021
2020
£
£
97,850
99,135
446,151
487,325
544,001
586,460
586,460

4 Charitable activities

Animal
Animal
sponsorship
sponsorship
2021
2020
£
£
Sales within charitable activities 22,080
22,183
5 Other trading activities
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Fundraising events 6,281
7,242
Shop income 272,512
181,203
Other trading activities 278,793
188,445

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

6 Investments

Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Income from listed investments 10,863
6,425
Interest receivable 303
4,293
11,166
10,718

7 Other income

Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Other income 590
408
Income from solar panels 2,586
2,693
Job retention scheme grant 22,843
32,380
Business support grant 21,477
45,000
47,496
80,481

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

8 Raising funds

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Fundraising and publicity
Other fundraising costs
6,787
-
Trading activity costs
Operating charity shops
103,595
1,000
Staff costs
90,784
-
Trading activity costs
194,379
1,000
Investment management fees
465
-
201,631
1,000		 Total Unrestricted
funds
2021
2020
£
£
6,787
2,906
104,595
96,840
90,784
79,105
195,379
175,945
465
682
202,631
179,533		 Total Unrestricted
funds
2021
2020
£
£
6,787
2,906
104,595
96,840
90,784
79,105
195,379
175,945
465
682
202,631
179,533
96,840
79,105
175,945
682
179,533

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

9 Charitable activities

Staff costs
Depreciation and impairment
Veterinary services
Feed and bedding
Cleaning
Sundries
Share of support costs (see note 11)
Share of governance costs (see note 11)
Analysis by fund
Unrestricted funds
Restricted funds		 Animal
welfare
costs
2021
£
253,042
33,376
133,941
53,087
13,180
-
486,626
173,964
3,480
664,070
662,508
1,562
664,070		 Animal
welfare
costs
2020
£
233,501
32,968
127,077
51,059
11,636
60
456,301
215,824
3,480
675,605
657,484
18,121
675,605

10 Description of charitable activities

Animal welfare costs

Animal welfare costs include all the costs relating to the housing, feeding and looking after the wellbeing and welfare of the animals under the Charity's care.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

11 Support costs

Staff costs
Transport costs
Accommodation costs
Printing, postage and
stationery
Advertising
Telephone
Legal and professional
fees
Accountancy
Bank and credit card
charges
Sundry expenses
Audit fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
48,371
-
8,753
-
69,181
-
3,129
-
1,565
-
6,754
-
30,102
-
1,200
-
3,448
-
1,461
-
-
3,480
173,964
3,480
173,964
3,480		 2021
£
48,371
8,753
69,181
3,129
1,565
6,754
30,102
1,200
3,448
1,461
3,480
177,444
177,444		 Support
costs
Governance
costs
£
£
47,100
-
7,423
-
124,369
-
3,748
-
1,325
-
11,774
-
7,321
-
1,200
-
3,374
-
8,190
-
-
3,480
215,824
3,480
215,824
3,480		 2020
£
47,100
7,423
124,369
3,748
1,325
11,774
7,321
1,200
3,374
8,190
3,480
219,304
219,304

Governance costs includes payments to the auditors of £3,480 for audit fees and payments for other services of £1,200 are included in Support costs.

12 Trustees

The Chairman of the Trust, Ms Colette Marshall, is also the Centre Manager on an unpaid basis. She is present on site and available twenty four hours a day and seven days a week for all animals in need. This includes being available for emergency call-outs at any time every night. In order for her to provide this level of service she resides on site rent free in a property owned by the Trust. This has the additional benefit of providing security cover at the centre, which obviously cannot be left unattended. Apart from this, none of the other Trustees (or any persons connected with them) received any remuneration, benefits or expenses from the Trust during the year.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

13 Employees

Number of employees

The average monthly number of employees during the year was:

Trading
Animal welfare
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2021
Number
11
21
32
2021
£
373,765
14,275
4,157
392,197		 2020
Number
9
22
31
2020
£
344,335
11,421
3,950
359,706

There were no employees whose annual remuneration was £60,000 or more.

14 Net losses/(gains) on investments

Revaluation of investments
Profit on sale of investments		 2021
£
(29,042)
-
(29,042)		 2020
£
11,280
(489)
10,791

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

15
Tangible fixed assets
Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation and impairment
At 1 January 2021
Depreciation charged in the year
At 31 December 2021
Carrying amount
At 31 December 2021
At 31 December 2020		 Land &
buildings
Fixtures,
fittings &
equipment
£
£
1,886,786
70,179
8,895
3,210
1,895,681
73,389
155,362
45,431
19,103
9,487
174,465
54,918
1,721,216
18,471
1,731,424
24,748		 Motor
vehicles
£
46,422
-
46,422
41,634
4,788
46,422
-
4,788		 Total
£
2,003,387
12,105
2,015,492
242,427
33,378
275,805
1,739,687
1,760,960

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

16 Fixed asset investments

Listed
investments
Unlisted
investments
£
£
Cost or valuation
At 1 January 2021
278,153
77,700
Additions
4,555
-
Valuation changes
3,142
25,900
At 31 December 2021
285,850
103,600
Carrying amount
At 31 December 2021
285,850
103,600
At 31 December 2020
278,153
77,700		 Total
£
355,853
4,555
29,042
389,450
389,450
355,853

Unlisted investments include 1036 shares of FTFM Holdings Ltd. These have been valued based on an offer made to purchase these shares on 17/03/2022.

17
Financial instruments
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
18
Stocks
Goods for resale		 2021
£
285,850
2021
£
53		 2020
£
278,153
2020
£
531

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

19
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
20
Loans and overdrafts
Bank overdrafts
Payable within one year
21
Creditors: amounts falling due within one year
Notes
Loans and overdrafts
20
Other taxation and social security
Trade creditors
Accruals and deferred income		 2021
£
11,089
182,843
31,820
225,752
2021
£
1,469
1,469
2021
£
1,469
2,918
42,492
28,256
75,135		 2020
£
7,175
358,398
31,414
396,987
2020
£
-
-
2020
£
-
1,917
34,180
24,530
60,627

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

22 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds
Balance at Resources Transfers Balance at Incoming Resources Transfers Balance at
1 January expended 1 January resources expended 31
2020 2021 December
2021
£ £ £ £ £ £ £ £
Cattery Appeal fund 71,260 (1,218)
(16,737)
53,305
-		 (1,396)
-		 51,909
Wildlife Unit Appeal fund 276 (166)
-		 110
-		 (166)
56		 -
Aged Dog Appeal fund 54,096 - - 54,096
-		 - - 54,096
Cat fund - (16,737)
16,737		 -
-		 - - -
Hailsham Shop - - - -
1,000		 (1,000)
-		 -
125,632 (18,121)
-		 107,511
1,000		 (2,562)
56		 106,005

The Cattery Appeal Fund represents monies raised to build a new cattery.

The Wildlife Unit Appeal Fund represents monies raised to help cover the costs of running the wildlife unit. This has been fully spent in 2021.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

22 Restricted funds (Continued)

The Aged Dog Appeal Fund represents monies raised to build a new aged dog unit.

The Cat fund is made up of donations made specifically for cats. This was misallocated to the cattery fund in the 2019. This was fully spent in 2019 & 2020.

The Hailsham shop fund was made from a legacy donated in 2021. This was fully utilised against shop repairs in the year.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

23 Designated funds

The income funds of the C harity include the following designated funds which have been set aside out of unrestricted funds by the T rustees for specific purposes:

Movement Movement
in funds in funds
Balance at
Incoming		 Balance at
Incoming		 Balance at
1 January
resources		 1 January
resources		 31
2020 2021 December
2021
£
£		 £
£		 £
Capital reserve 1,903,084
106,218		 2,009,302
13,830		 2,023,132
1,903,084
106,218		 2,009,302
13,830		 2,023,132

The Designated Fund represents the Charity's investment in fixed assets, other than those held in Restricted Funds.

The General Fund represents the free funds of the C harity, which are not designated for any particular purposes.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

24 Analysis of net assets between funds

Unrestricted
funds
Designated
funds
2021
2021
£
£
Fund balances at 31 December 2021 are
represented by:
Tangible assets
-
1,633,682
Investments
-
389,450
Current assets/(liabilities)
3,436,505
-
3,436,505
2,023,132		 Restricted
funds
2021
£
106,005
-
-
106,005		 Total Unrestricted
funds
Designated
funds
2021
2020
2020
£
£
£
1,739,687
-
1,653,449
389,450
-
355,853
3,436,505
3,382,952
-
5,565,642
3,382,952
2,009,302		 Restricted
funds
2020
£
107,511
-
-
107,511		 Total
2020
£
1,760,960
355,853
3,382,952
5,499,765

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

25 Operating lease commitments

At the reporting end date the Trust had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2021
£
-
235,913
114,000
349,913		 2020
£
6,300
151,952
165,000
323,252

26 Related party transactions

The Trust purchased hay and straw at a cost of £Nil (2020: £31) from Mr D Alexander, the husband of Mrs M E Alexander, one of the Trustees, and paid £392 (2020: £513) to Mr D Alexander, the son of Mrs M E Alexander, for PAT testing and computer maintenance. All such transactions were on a commercial basis.

There were no other related party transactions during the year which require disclosure.

27 Auditors' Ethical Standards

The relevant circumstances requiring disclosure in accordance with the requirements of APB Ethical Standard - Provisions Available for Small Entities (Revised) are that, in common with many charities of our size and nature we use our auditors to assist with the preparation of the accounts.

THE KIT WILSON TRUST FOR ANIMAL WELFARE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

28
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Cash generated from/(absorbed by) operations		 2021
2020
£
£
65,877
22,357
(11,166)
(10,718)
-
(489)
(29,042)
11,280
33,376
32,968
478
645
171,235
(264,986)
13,039
(7,373)
243,797
(216,316)

THE KIT WILSON TRUST FOR ANIMAL WELFARE

DETAILED TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

Income
Donations and gifts
Legacies
Animal sponsorship
Newsletter income
Fundraising events
Investment income
Income from solar panels
Other income
Net income from charity shops
Shop income
Grant income
Deduct expenses:
Wages and salaries
Employer's N.I. contributions
Staff pension costs
Purchases
Rent
Shop repairs
Rates
Insurance
Light and heat
Printing, postage and stationery
Telephone
Legal and professional fees
Bank charges
Sundry expenses
Cleaning
RF Shop repair
Carried forward		 £
272,512
44,320
88,201
1,830
753
2,268
79,085
4,574
1,128
2,836
1,964
516
1,320
555
2,540
2,383
4,426
1,000		 2021
£
97,850
446,151
21,355
725
6,281
11,166
2,586
590
586,704
121,453
708,157		 £
181,203
77,380
76,832
1,694
579
1,681
74,830
2,592
1,538
2,748
2,618
185
1,400
620
1,963
3,062
3,603
-		 2020
£
99,135
487,325
22,183
-
7,242
10,718
2,693
408
629,704
82,638
712,342

THE KIT WILSON TRUST FOR ANIMAL WELFARE

DETAILED TRADING AND PROFIT AND LOSS ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Brought forward
Animal welfare expenses
Wages and salaries
Employer's N.I. contributions
Staff pension costs
Veterinary services
Feed and bedding
Cleaning
Sundries
Depreciation
Administrative expenses
Wages and salaries
Employer's N.I. contributions
Staff pension costs
Transport costs
Rates
Insurance
Light and heat
Repairs and maintenance
Printing, postage and stationery
Advertising
Telephone
Legal and professional fees
Accountancy
Bank and credit card charges
Investment management fees
Newsletter costs
Other fundraising costs
Audit fees
Sundry expenses
Surplus/ (deficit) for the year		 2021
£
£
708,157
238,221
11,517
3,304
133,941
53,087
13,180
-
33,376
(486,626)
47,343
928
100
8,753
13,860
12,938
27,276
15,107
3,129
1,565
6,754
30,102
1,200
3,448
465
-
6,787
3,480
1,461
(184,696)
36,835		 2020
£
£
712,342
221,166
9,150
3,185
127,077
51,059
11,636
60
32,968
(456,301)
46,337
577
186
7,423
9,449
11,133
19,125
84,662
3,748
1,325
11,774
7,321
1,200
3,374
682
-
2,906
3,480
8,190
(222,892)
33,149