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|Trustees'|Report (Incorporating|||the Directors'|1-6|
|Report)||||||
|Statement||ofTrustees'|Responsibilities|||
|Independent||Auditor's|Report||8 —11|
|Statement||of Financial|Activities||12|
|Balance Sheet|||||13|
|Cash Flow||Statement|||14|
|Notes to|the accounts||||15 —24|
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WADARS
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF WADARS
IrregLJlarilies, Including fraud, are instanS of non-compliance wilh18ws and regulations. The extent lo
which our procedures are capable of delecling irregularities, including fiaud, is detailed below.
A lurtherdescriplion of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website hltps..l.frC.Org.uk1oUr-Work1AudIvAUdIt-Snd-as$Ur8nceISt3ndards-and-
guidancelslandards-and-guidance-f0r-audilorAUd41Ors-reSponsibil1Iies-for-adIVDescriptlon-of-8uditor$-
responsibililies-lor-audil.aspx. This description forms part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularltles. Including fraud
The objectives of our audit. in respect lo fraud. are.. lo identify and assess the risks of material misslalemenl
of the financial statements due lo fraud,. to obtain sufficient appropriate audit evidence regarding the
assessed risks of material misslalemenl due lo fraud, through designing and irnplemenling appropriale
responses,. and lo respond appropriately to fraud or suspected fraud identified during the audit. However,
the primary responsibility for the prevention and detection of fraud rests with both those charged with
governan of the enlily and ils management.
Our approach was as follows:
We icjenlified areas of laws and regulations that could reasonably be expected lo have a material
effect on the financial slalemenls from our general sector experience, and through discussion with the
Iruslees, directors and other management las required by auditing standards). and discussed with th&
Iruslees, directors and olher management the policies and proCedUS regarding compliance wrth laws and
regulations (see below).,
We idenlilied the following areas as those most likely lo have such an effect.. health and safety,,
General Data Protection Regulation IGDPRI,. fraud.. bribery and corruption.. and employment law. Auditing
standards limit the required audit procedures lo idenlfy non-compliance with these laws and regulations lo
enquiry of the Iruslees, directors and other management and inspection of regulatory and legal
correspondence, if any.
We considered the legal and regulatory frameworks directly applicable lo the financial slalemenls
reporting framework IFRS 102, the Companies Act 2006 and the Charit$ Act 20111 and the ielevanl lax
compliance regulations in the UK.,
We considered the nature of the charity's operations, the control environment and financial
perfomiance.
We communicated identified laws and regulations throughout our team and remained alert lo any
indicalions of non-compliance throughout the audit",
We considered the procedures and controls that the charrty has established lo address risks
identified, or that olhetwise prevent, deter an(J delecl fraud.. and how senior management monitors those
programmes and controls.
Based on this understanding we designed our audit procedures lo identify non-compliance with such laws
and regulations. Where the risk was considered lo be higher, we performed audil procedures lo address
each identified fraud risk. These prOdureS included. lesling manual journals", reviewing the financial
slalemenl disclosures and lesling lo supporting documenlalion., performing analytical piocedures", and
enquiring of management, and were designed lo provide reasonable assurance that the financial
slalemenls were free from fraud or erior.
10
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|Total|Total|
||||funds|funds|funds|funds|funds|
|||Notes|E|E|f|6|E|
|Income from:||||||||
|Donations
and legacies|||922,123|||922,123|454,552|
|Charitable
activities - grants|||7,000||17,000|24,000|3,400|
|Other trading
activities|||34,244||5,600|39,844|39,355|
|Investment
income|||2,221|||2,221|2,369|
|Other income —CJRS grant|||6,243|||6,243||
|Total income|||971,831||22,600|994,431|499,676|
|Expenditure
on:||||||||
|Raising funds|||8,595|||8,595|8,870|
|Charitable
activities|||444,126||5,600|449,726|417,538|
|Total expenditure||6/7|452,721||5,600|458,321|426,408|
|Net income/(expenditure)|and||519,110||17,000|536,110|73,268|
|movement
in funds||||||||
|Transfer||16|(400,000)|400,000||||
|Reconciliation
offunds:||||||||
|Total funds brought forward|||1,676,263|600,000||2,276,263|2,202,995|
|Total funds carried forward||17|1,795,373|1,000,000|17,000|2,812,373|2,276,263|
##
|||||2020||2019|
|---|---|---|---|---|---|---|
|||||Total||Total|
|||Notes|f|funds
f||funds
F|
|Fixed assets|||||||
|Tangible assets||12||1,116,900||1,124,258|
|Current assets|||||||
|Debtors||13|711,865||19,625||
|Cash at bank and in|hand||1,001,971||1,155,091||
||||1,713,836||1,174,716||
|Liabilities|||||||
|Creditors: Amounts|falling due||||||
|within one year||14|(18,363)||(22,711)||
|Net current assets||||1,695,473||1,152,005|
|Total net assets||||2,812,373||2,276,263|
|The funds ofthe charity|||||||
|Restricted funds||15||17,000|||
|Unrestricted
funds:|||||||
|Designated
funds||16|1,000,000||600,000||
|General fund||17|1,795,373||1,676,263||
|||||2,795,373||2,276,263|
|||||2,812,373||2,276,263|
|||||2020||2019|
|---|---|---|---|---|---|---|
|||Notes|5|f:|8|f|
|Cash flows from operating|activities|22||(126,221)||244,751|
|Cash flows from investing|activities:||||||
|Dividends
and interest from
investments||5|2,221||2,369||
|Purchase
oftangible fixed assets||12|(29,120)||(59,733)||
|Net cash (used) Iprovided
investing
activities|by|||(26,699)||(57,384)|
|(Decrease) IIncrease
in cash and
cash equivalents
in the year||||(153,120)||187,387|
|Cash and cash equivalents
beginning
ofthe year|at the|||1,155,091||987,704|
|Cash and cash equivalents
end ofthe year|at the|||1,001,971||1,155,091|
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|Fundraising|income|||
|---|---|---|---|
|Fundraising|expenditure|(note|6)|
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|F|OR THE YEAR ENDE|D 31DECE|MBER 2020||||
|---|---|---|---|---|---|---|
|5|Investment
income||||||
||||||2020f|2019f|
|Interest receivable|||||2,221|2,369|
|6|Total expenditure||||||
|||Staff||Other|Total|Total|
|||costs|Depreciation|costs|2020|2019|
|||f|f|f|f|f|
||Cost of raising funds||||||
||Fundraising
expenditure|7,490||1,105|8,595|8,870|
||Charitable
activities:||||||
||Animal Welfare||||||
||Activities
undertaken
directly|191,673|36,537|72,854|301,064|289,571|
||Support costs|68,221||80,441|148,662|127,967|
||Total|259,894|36,537|153,296|449,726|417,538|
||Total Resources
Expended|267,384|36,537|154,401|458,321|426,408|
##
|7
Analysis ofsupp|7
Analysis ofsupp|ort costs included
in other|costs above||
|---|---|---|---|---|
|Support costs:|||2020|2019f|
|Advertising|||723|1,539|
|Legal and|professional|fees|4,295|2,623|
|Donations|||100|3,537|
|Insurance|||4,206|3,386|
|Office administration|||19,676|17,336|
|Premises|and repairs||22,362|25,375|
|Other|||5,773|3,542|
|Governance
costs (below)|||23,306|20,813|
||||80,441|78,151|
|Governance
Costs:|||2020f|2019
f|
|Trustee meeting costs|||973||
|Audit and|accountancy||9,250|8,000|
|Non-audit|fees||13,083|12,813|
||||23,306|20,813|
##
|8
Comparative
Fu|nds|—Statement of Fina|ncial Activities|year ended|31 December 2|019|
|---|---|---|---|---|---|---|
|||||||2019|
|||||||Total|
|||||||funds|
|||||||6|
|Income:|||||||
|Donations
and legacies|||484,552|||454,552|
|Charitable
activities - grants|||||3,400|3,400|
|Other trading
activities|||39,355|||39,355|
|Investment
income|||2,369|||2,369|
|Total income|||496,276||3,400|499,676|
|Expenditure:|||||||
|Raising funds|||8,870|||8,870|
|Charitable
activities|||408,388||9,150|417,538|
|Total expenditure|||417,258||9,150|426,408|
|Net income/(expenditure)|||79,018||(5,750)|73,268|
|Total funds brought|forward||1,597,245|600,000|(5,750)|2,202,995|
|Total funds carried|forward||1,676,263|600,000||2,276,263|
|9
Net movement|in funds||||||
|This is stated after charging:|||||||
||||||2020|2019|
||||||6|S|
|Staff costs (note 10)|||||267,384|210,730|
|Auditors'
remuneration|||||||
|Statutory||audit|||8,000|8,000|
|Non-audit||services|||13,083|12,813|
|Depreciation|||||36,537|33,128|
|10
Staff costs|||||||
||||||2020|2019|
||||||6|6|
|Staff costs during the|year|were as follows:|||||
|Wages and salaries|||||247,744|196,888|
|Social Security costs|||||13,936|10,029|
|Pension
contributions|||||5,704|3,813|
||||||267,384|210,730|
##
|Staff costs by f|unction wer|e as follows:|||
|---|---|---|---|---|
||||2020f|2019f|
|Animal welfare|and re-homing||191,673|153,924|
|Administration,|fundraising|and development|75,711|56,806|
||||267,384|210,730|
||||2020|2019|
|---|---|---|---|---|
|Animal welfare|and re-homing||13||
|Administration,|fundraising|and development|4||
||||17|12|
##
##
##
|12
Tangible|fixed|assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Assets|Fixtures,|Animal|||
||||Land &|under|fittings &|welfare|Motor||
||||buildings|Construction|equipment|equipment|vehicles|Total|
|||||F|F|E|E|E|
|Cost|||||||||
|Cost brought|forward||1,170,659|3,149|14,379|24,665|51,687|1,264,538|
|Additions||||22,305|6,814|-|-|29,120|
|Disposals|||||||||
|Total cost|||1,170,659|25,454|21,193|24,665|51,687|1,293,658|
|Depreciation|||||||||
|Depreciation|brought|forward|82,593||12,158|1,133|44,396|140,280|
|Charge for the year|||29,927||2,625|2,467|1,458|36,478|
|Dieposals|||||||||
|Total depreciation|||112,521||14,783|3,600|45,854|176,758|
|Net book values|||||||||
|At 31 December 2020|||1,058,138|25,454|6,410|21,065|5,833|1,116,900|
|At 31 December 2019|||1,088,065|3,149|2,221|23,532|7,291|1,124,258|
|13
Debtors|||||||||
||||||||2020|2019|
||||||||E|E|
|Accrued income|||||||707,300|6,412|
|Prepayments|||||||313|3,975|
|Other debtors|||||||4,252|9,238|
||||||||711,865|19,625|
##
|14
Creditors: amounts
falling due within one year|||
|---|---|---|
||2020|2019|
||E|F|
|Trade creditors|4,278|7,367|
|Taxation and social security costs|4,185|3,553|
|Other creditors||803|
|Accruals|9,900|10,988|
||18,363|22,711|
##
##
|7
Analysis of|n|et|a|ssets between fu|nds||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Unrestricted|Total|
||||||general|funds|designated||
||||||funds||funds||
|Fund balances||at|31 December 2020||6||||
|are represented||by:|||||||
|Tangible fixed|assets||||1,116,900|||1,116,900|
|Current assets|||||696,836|17,000|1,000,000|1,713,836|
|Creditors: amounts||||falling due within|||||
|one year|||||(18,363)|||(18,363)|
||||||1 795373|17,000|600,000|2,812,373|
||||||Unrestricted|Restricted|Unrestricted|Total|
||||||general|funds|designated||
||||||funds||funds||
|Fund balances at||31 December 2019|||6||6||
|are represented|by:||||||||
|Tangible fixed assets|||||1,124,258|||1,124,258|
|Current assets|||||574,716||600,000|1,174,716|
|Creditors: amounts|||falling due within||||||
|one year|||||(22,711)|||(22,711)|
||||||1,676,263||600,000|2,276,263|
##
||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||6|6|
|Employer|contributions|payable|by|the|charity|for|the|year|5,704|3,813|
##
##
|||||2020|2019|
|---|---|---|---|---|---|
|||||6|E|
|Net income/(expenditure)||for the reporting|period|536,109|73,268|
|Adjustments
for:||||||
|Depreciation
of tangible||fixed assets||36,478|33,128|
|Dividends,
interest|and rents from investments|||(2,221)|(2,369)|
|(Increase)/decrease|in debtors|||(692,238)|(13,788)|
|Increase/(decrease)|in creditors|||(4,350)|154,512|
|Net cash (oufflow)/inflow||from operating|activities|(126,221)|244,751|