## **VISION OF HOPE ANIMAL ASSISTED THERAPY**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
**Registered Charity Number : 1148671**
## **VISION OF HOPE ANIMAL ASSISTED THERAPY OFFICERS AND PROFESSIONAL ADVISORS FOR THE YEAR ENDED 31 MARCH 2022**
TRUSTEES: M C Phelps Esq D Dowden (Rev) Mrs G Smith CHAIRMAN M C Phelps Esq SECRETARY: To be appointed BANKERS HSBC 1 Frogmore Street Abergavenny Monmouthshire NP7 5AF INDEPENDENT EXAMINER Moore Nagle 78 Caerau Road Newport NP20 4HJ
## **VISION OF HOPE ANIMAL ASSISTED THERAPY CONTENTS FOR THE YEAR ENDED 31 MARCH 2022**
||**Page**|
|---|---|
|Statement of the Committee's responsibilities|1|
|Trustees report|2|
|Independent Examiners Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6|
## **VISION OF HOPE ANIMAL ASSISTED THERAPY STATEMENT OF THE COMMITTEE'S RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022**
The Committee is required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that year. In preparing those financial statements the Committee is required to:
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
The Committee is responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the Charity and to ensure that the financial statements have been properly prepared.
The Committee is also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
**The financial statements were approved by the Committee and signed on its behalf:**
**M C PHELPS CHAIRMAN**
**…………………………………………………………………..**
## **APPROVAL DATE:**
Page 1
## **VISION OF HOPE ANIMAL ASSISTED THERAPY ANNUAL TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022**
## **Chairman's report**
This year has been a very difficult time for the charity, but with God's help we can now see the light at the end of the tunnel.
We have taken on Sarah Baker as a new manager who is very capable of doing her job and a lovely Christian.
The trustees have appointed four new trustees after losing one of our original trustees, Sue Tett.
These new trustees will bring a wide range of knowledge to the Trustee's meetings, one is an accountant and one a consultant surgeon.
We are making progress in finding new premises so that this work can move as we cannot keep up with current applications for places at Vision of Hope.
The Trustees and Directors would like to thank all those who have continued to support us through the year, both financially and practically in our Christian mission. Without their help the charity could not do what it does.
**…………………………………………………………………..**
**Martin Phelps Chairman**
Page 2
## **VISION OF HOPE ANIMAL ASSISTED THERAPY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022**
## **Independent Examiner's Report to the Trustees of Vision of Hope**
We report on the financial statements of Vision of Hope Animal Assisted Therapy for the year ended 31 March 2022, which are set out on pages 3 to 5.
## **Respective Responsibilities of the Trustees and Examiner**
As the Charity's Trustees you are responsible for the preparation of the financial statements. You consider that the audit requirement of section 43 (2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43 (7) (b) of the Act, whether particular matters have come to our attention.
## **Basis of Independent Examiner's Report**
Our Examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the financial statements.
Page 3a
## **VISION OF HOPE ANIMAL ASSISTED THERAPY INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **Independent Examiner's Statement**
In connection with our examination, no matter has come to our attention:
1. Which gives me reasonable cause to believe that in any material respect the requirements:
To keep accounting records in accordance with section 41 of the Act; and
to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Act.
have not been met, or
2. To which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
**Moore Nagle 78 Caerau Road Newport NP20 4HJ**
## **Date**
Page 3b
## **VISION OF HOPE ANIMAL ASSISTED THERAPY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**NOTE**
INCOME
Rental income received
Gifts and donations
Grant income
Misc income
DIRECT CHARITABLE EXPENDITURE
Other direct expenditure on charitable
objectives
2
TOTAL DIRECT EXPENDITURE
OTHER EXPENDITURE
Management and administrative
expenses
3
TOTAL OTHER EXPENDITURE
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD|**Year Ended**
**31 March 2022**
**127,996**
**£**
**180,614**
**£**
**-**
**£**
**15**
**£**
**308,625**
**£**
**73,823**
**£**
**73,823**
**£**
**243,437**
**£**
**243,437**
**£**
**8,635**
**-£**
**181,303**
**£**
**172,668**
**£**|**Year Ended**
**31 March 2021**
131,123
£
222,050
£
88,000
£
27
£|
|---|---|---|
|||441,200
£|
|||109,698
£|
|||109,698
£|
|||239,604
£|
|||239,604
£|
|||91,898
£
89,405
£|
|||181,303
£|
The notes on pages 6a to 6b form part of these financial statements
Page 4
## **VISION OF HOPE ANIMAL ASSISTED THERAPY BALANCE SHEET AS AT 31 MARCH 2022**
**----- Start of picture text -----**
2022 2021
FIXED ASSETS
Motor Vehicles £ 14,837 £ 23,496
CURRENT ASSETS
Debtors £ 2,886 £ -
Cash at bank and in hand £ 167,491 £ 176,077
£ 170,377 £ 176,077
CURRENT LIABILITIES
Accruals £ 7,691 £ 13,270
PAYE £ 4,855 £ 5,000
-£ 12,546 -£ 18,270
TOTAL NET ASSETS £ 172,668 £ 181,303
REPRESENTED BY:
INCOME AND EXPENDITURE ACCOUNT £ 172,668 £ 181,303
**----- End of picture text -----**
The notes on pages 6a to 6b form part of these financial statements
Page 5
## **VISION OF HOPE ANIMAL ASSISTED THERAPY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. ACCOUNTING POLICIES**
- 1.1 **Basis of preparation of Accounts**
The financial statements have been prepared under the historical cost convention and include the results of the principle activity of the Charity.
## 1.2 **Depreciation of Tangible Fixed assets**
Small items of tangible fixed asset expenditure are not capitalised in the Balance Sheet. Such items are written off to the Income and Expenditure account in the year of purchase. This policy is equivalent to a 100% depreciation policy.
## **Motor Vehicles**
25% Straight Line Basis
Page 6a
## **VISION OF HOPE ANIMAL ASSISTED THERAPY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. OTHER DIRECT EXPENDITURE ON CHARITABLE OBJECTIVES**
## **Year Ended Year Ended 31 March 2022 31 March 2021**
Food costs Animal costs Repairs and maintenance to farm buildings
|**£**|**13,641**
|£|21,068
|
|---|---|---|---|
|**£**|**22,112**
|£|24,329
|
|**£**|**38,070**
|£|64,301
|
|**£**|**73,823**
|£|109,698
|
## **3. ADMINISTRATION EXPENSES**
|**ADMINISTRATION EXPENSES**
Wages and Training costs
Less furlough received
Insurance
Legal and professional fees
Rent and rates
Heating and lighting
Office stationery and telephone
Motor expenses
Depreciation charges
Profit / loss on asset disposal
Sundry expenses|**Year Ended**
**Year Ended**
**31 March 2022**
**31 March 2021**
**189,094**
**£**
180,436
£
**-**
**£**
7,350
-£
**8,926**
**£**
9,195
£
**1,753**
**£**
4,871
£
**1,145**
**£**
2,294
£
**11,427**
**£**
15,655
£
**6,508**
**£**
6,977
£
**13,666**
**£**
14,327
£
**9,838**
**£**
9,811
£
**679**
**-£**
-
£
**1,759**
**£**
3,388
£
**243,437**
**£**
239,604
£|
|---|---|
## **4. TAXATION**
No liability to UK Income Tax will arise provided all surpluses are utilised in pursuance of the charitable objectives.
Page 6b