OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

2024-11-30-accounts

COMPANY REGISTRATION NUMBER 08312345

THE LEAF FOUNDATION FINANCIAL STATEMENTS 30 NOVEMBER 2024

Charity Number 1153254

THE LEAF FOUNDATION

FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2024

CONTENTS PAGE
Trustees Annual Report 1
Independent examiner's report to the members 5
Statement of financial activities 7
Income and expenditure account 8
Balance sheet 9
Notes to the financial statements 10

THE LEAF FOUNDATION

TRUSTEES ANNUAL REPORT

YEAR ENDED 30 NOVEMBER 2024

The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FRS 102 (FRS 102 SORP).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name The Leaf Foundation Charity registration number 1153254 Company registration number 08312345 Principal office Five Acres Farm Staplers Road Newport Isle of Wight PO30 2NB

Registered office Five Acres Farm Staplers Road Newport Isle of Wight PO30 2NB

THE TRUSTEES

The trustees who served the company during the period were as follows:

D Wickes E Duval T C Nowlan P McCaire J D Woodford

At the date the report was signed, the trustees were as follows:

D Wickes E Duval T C Nowlan P McCaire J D Woodford

- 1 -

THE LEAF FOUNDATION

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 30 NOVEMBER 2024

OBJECTIVES AND ACTIVITES

Objectives and aims

The charity’s purpose as set out in the objects contained in the company’s Articles of Association are:

“To advance the education of the public in the conservation, protection and improvement of the physical and natural environment, in particular the conservation and protection of rare and endangered species, and to promote human behaviour towards animals by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among such animals.”

Public benefit

The charity provides public benefit by educating people about the conservation and protection of rare and endangered species. Many of the animals at the Haven are considered threatened species in the wild. Deforestation and intensive cultivation is contributing to the destruction of their habitats, and, as a sanctuary dedicated to the health and welfare of captive animals, it is the charity’s obligation to promote environmental awareness to protect and preserve their wild counterparts.

The charity promotes the following green initiatives that have been implemented around the park: - All timber used in the construction of the Haven has been sourced from sustainable forests.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Since 7 August 2013 the charity has operated The Monkey Haven in the Isle of Wight, which is a rescue centre and sanctuary for the primates and birds of prey rescued from the illegal pet trade, who are in desperate need of care and attention. The animals housed at the Haven have come for various reasons; they may have been bullied within their original groups, or unsuitable for breeding programmes, or are injured native birds that would be unable to fend for themselves in the wild. These animals are given another chance to live enriched carefree lives in the relaxed, spacious and tranquil environment of The Monkey Haven.

As well as attendance income, supporters can adopt one of the animals. The adoption income contributes towards the animals’ daily care and all proceeds go towards their food, enrichment and vet bills. The general public can donate a treat to the animals by sending a text message or sponsor an enclosure, as well as using our Amazon wish list. This allows the charity to help focus its funding on rescuing more unwanted primates and birds of prey.

- 2 -

THE LEAF FOUNDATION

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 30 NOVEMBER 2024

Achievements

To date, the charity has won the Small Visitor Attraction of the Year for 2017 and Gold Accolade from VisitEngland. It also won the Red Funnel Isle of Wight Gold Award for 2019/2020 and the Green Star Gold Award for Excellence for 2019/2020 from the Beautiful South.

FINANCIAL REVIEW

During the year, the charity received voluntary income amounting to £16,256 (2023: £142,613), admission fees to The Monkey Haven generated £517,619 (2023: £524,544) and tea room and gift shop sales amounted to £205,070 (2023: £245,402). The charity incurred costs of £781,572 (2023: £876,366) in respect of operating The Monkey Haven.

The net outgoing funds for the year was £42,627 (2023: £36,193 net incoming funds) leaving total funds carried forward of £581,043 (2023: £623,670).

DEVELOPMENTS

The charity is currently in the process of constructing its biggest project to date. This is a new enclosure, which will be 34 metres by 15 metres by 5 metres high.

It will feature two huge primate enclosures and an internal public viewing walkway. It will also have a solar panel glass roof and electrical vehicle charge points on the back of the building.

The facility is open and the capuchin family has moved in. The solar panels are operational and it is self-sufficient in terms of power.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The organisation was incorporated on 29 November 2012 and registered as a charity on 6 August 2013. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The Articles of Association were amended on 2 August 2013 to extend the charity’s objects. In the event of the company being wound up, the members are required to contribute an amount not exceeding £10.

The charity operates The Monkey Haven in the Isle of Wight. The day to day operations of the charity

- 3 -

THE LEAF FOUNDATION

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 30 NOVEMBER 2024

are managed by Mr D Walser. The overall operations are run by Mr D Wickes. Decisions are made by unanimous agreement of the trustees. New trustees are appointed by invitation only.

Share Capital

The company is limited by guarantee and therefore has no share capital.

RESPONSIBILITIES OF THE TRUSTEES

The trustees (who are also the directors of The Leaf Foundation for the purposes of company law) are responsible for preparing the Trustees Annual 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

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

INDEPENDENT EXAMINER

Jon Essam has been re-appointed as independent examiner for the ensuing year.

Signed on behalf of the trustees

……………………………………………………….. D Wickes Trustee

24 February 2025

- 4 -

THE LEAF FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE LEAF FOUNDATION

YEAR ENDED 30 NOVEMBER 2024

I report on the financial statements of the charitable company on pages 7 to 14 for the year ended 30 November 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard (FRS 102 SORP), under the historical cost convention and the accounting policies set out on page 10.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 I do not express an audit opinion on whether the accounts present a 'true and fair view'.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

- 5 -

THE LEAF FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE LEAF FOUNDATION (continued)

YEAR ENDED 30 NOVEMBER 2024

Signed as independent examiner:

........................................................................ Jon Essam Independent examiner Professional body: ICAEW 23 Cottingham Way Thrapston Northants NN14 4PL

24 February 2025

- 6 -

THE LEAF FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 30 NOVEMBER 2024

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
Note £ £ £ £
INCOMING RESOURCES
Incoming resources from
generating funds:
Voluntary income 2 16,256 16,256 142,613
Activities for generating
funds 3 722,689 722,689 769,946
──── ────────── ────────── ──────────
TOTAL INCOMING
RESOURCES 738,945 738,945 912,559
──── ────────── ────────── ──────────
RESOURCES EXPENDED
Costs of generating funds:
Charitable activities 4 (779,122) (779,122) (873,916)
Governance costs 6 (2,450) (2,450) (2,450)
──── ────────── ────────── ──────────
TOTAL RESOURCES
EXPENDED (781,572) (781,572) (876,366)
──── ────────── ────────── ──────────
NET (OUTGOING) /
INCOMING RESOURCES
FOR THE YEAR 7 (42,627) (42,627) 36,193
RECONCILIATION OF
FUNDS
Total funds brought forward 623,670 623,670 587,477
──── ─────── ─────── ───────
TOTAL FUNDS CARRIED
FORWARD 581,043
════

═══════
581,043
═══════
623,670
═══════

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 10 to 14 form part of these financial statements.

- 7 -

THE LEAF FOUNDATION

INCOME AND EXPENDITURE ACCOUNT

YEAR ENDED 30 NOVEMBER 2024

2024 2023
Note £ £
INCOME 738,945 912,559
TOTAL EXPENDITURE (781,572) (876,366)
────────── ──────────
OPERATING (DEFICT) / SURPLUS 7 (42,627) 36,193
─────── ───────
RETAINED (DEFICIT) / SURPLUS FOR THE
FINANCIAL YEAR (42,627)
═══════
36,193
═══════

The Income and Expenditure Account includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 10 to 14 form part of these financial statements.

- 8 -

THE LEAF FOUNDATION

BALANCE SHEET

AS AT 30 NOVEMBER 2024

2024 2023
Note £ £ £
FIXED ASSETS
Tangible assets 10 437,352 454,597
CURRENT ASSETS
Debtors 11 - -
Cash at bank 165,894 206,618
───────── ─────────
165,894 206,618
CREDITORS: Amounts falling due within one
year 12 (9,471) (14,165)
───────── ─────────
NET CURRENT ASSETS 156,423 192,453
CREDITORS: Amounts falling due after one year (12,732) (23,380)
─────── ───────
NET ASSETS 581,043 623,670
═══════ ═══════
FUNDS
Unrestricted income funds 14 581,043 623,670
──── ───────
TOTAL FUNDS 581,043
════
623,670
═══════

The trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476(1) of the Act.

The trustees acknowledge their responsibilities for:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements were approved by the members of the committee on the 24 February 2025 and are signed on their behalf by:

D Wickes Trustee Company Registration Number: 08312345

The notes on pages 10 to 14 form part of these financial statements.

- 9 -

THE LEAF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2024

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the FRS 102 Statement of Recommended Practice "Accounting and Reporting by Charities" (FRS 102 SORP) and the Companies Act 2006.

Cash flow statement

The trustees have taken advantage of the exemption in Update Bulletin 1 from including a cash flow statement in the financial statements on the grounds that the company is small.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Animal enclosures - 10% on cost Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from Corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

- 10 -

THE LEAF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2024

2. VOLUNTARY INCOME

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Grants receivable and donations
Donations and adoptions 16,256 16,256 142,613
────────── ────────── ────────── ─────────
16,256
══════════

══════════
16,256
══════════
142,613
═════════

3. INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS

Unrestricted Total Funds Total Funds
Funds 2024 2023
£ £ £
Haven admission sales 517,619 517,619 524,544
Gift shop sales 78,870 78,870 103,960
Tea room sales 126,200 126,200 141,442
______ ______ ______
722,689
═══════
722,689
═══════
769,946
═════════

4. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

Unrestricted Total Funds Total Funds
Funds 2024 2023
£ £ £
Support costs 779,122 779,122 873,916
═════════ ═════════ ═════════
COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Support Total Funds Total Funds
costs 2024 2023
£ £ £
Support and administration 425,460 425,460 493,406
Support staff costs 353,662 353,662 380,510
───────── ───────── ─────────
779,122 779,122 873,916
═════════ ═════════ ═════════

5. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE

- 11 -

THE LEAF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2024

6. GOVERNANCE COSTS

Restricted Total Funds Total Funds
Funds 2024 2023
£ £ £
Independent examiner's fees 2,450 2,450 2,450
─────── ─────── ───────
2,450
═══════
2,450
═══════
2,450
═══════

7. NET INCOMING RESOURCES FOR THE YEAR

This is stated after charging:

This is stated after charging:
2024 2023
£ £
Depreciation 74,806 62,356
Hire of plant and machinery 1,355 1,291
Other operating leases
57,648 72,976
Independent examiner's remuneration
- independent examination of the financial statements 2,450
═══════
2,450
════

8. STAFF COSTS AND EMOLUMENTS

Particulars of employees:

The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows:

2024 2023
25
25

No employee received remuneration of more than £60,000 during the year (2023 - Nil).

9. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.

Trustees’ expenses

During the year £1,627 (2023: £9,978) was paid on behalf of trustees for travel and subsistence while on charity business.

- 12 -

THE LEAF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2024

10. TANGIBLE FIXED ASSETS

Motor vehicles, Motor vehicles,
Equipment and
Enclosures
£
COST
At 1 December 2023 786,924
Additions in year 57,561
Disposals -
───────
At 30 November 2024 844,485
═══════
DEPRECIATION
At 1 December 2023 332,327
Charge for the year 74,806
Eliminated on disposal -
───────
At 30 November 2024 407,133
═══════
NET BOOK VALUE
At 30 November 2024 437,352
═══════
At 30 November 2023 454,597
═══════
11. DEBTORS
2024 2023
£ £
Prepayments and accrued income - -
─────── ───────
- -
═══════ ═══════
12. CREDITORS: Amounts falling due within one year
2024 2023
£ £
Trade creditors 1,601 5,979
Social security and other taxes 2,187 4,948
VAT 3,233 788
Accruals and deferred income 2,450 2,450
───────── ─────────
9,471 14,165
═════════ ═════════

- 13 -

THE LEAF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2024

13. UNRESTRICTED INCOME FUNDS

Balance at Balance at Outgoing Balance at
1 Dec 2023 resources 30 Nov 2024
£ £ £
General Funds 623,670 (42,627) 581,043
════ ════ ════
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Net current
Tangible
assets/
fixed assets (liabilities) Total
£ £ £
Unrestricted Income Funds:
Unrestricted Fund 437,352 143,691 581,043
─────── ─────── ────
Total Funds 437,352
═══════
143,691
═══════
581,043
════

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

15. RELATED PARTY DISCLOSURES

K Wickes

Wife of a Trustee

During the year, Mrs K Wickes was paid £18,800 (2023: £34,000) for promotion, advertising and bookkeeping duties under the provisions of the Charities Act 2011.

Owl and Monkey Haven Partnership

D Wickes, D Walser and A Walser are partners

The charity occupies land and buildings at the Owl and Monkey Haven owned by a partnership in which Mr D Wickes, Mr D Walser and Mr A Walser are partners. During the year, open market value rent was £60,000 (2023: £60,000). A further £1,000 per month is paid to Mr D Walser for workshop rent.

- 14 -

The Leaf Foundation Schedule to the Statement of Financial Activities for the year ended 30 November 2024

Unrestricted Restricted Total Prior Period
Funds Funds Funds Total Funds
2024 2024 2024 2023
£ £ £ £
Incoming Resources from generated funds
Voluntary Income
Grants, legacies and donations
Non government and non public bodies
Incoming resources of a revenue nature - grants, donations and legacies
Donations and adoptions 16,256 - 16,256 142,613
Total 16,256 - 16,256 142,613
Total Grants,Legacies & Donations Received 16,256 - 16,256 142,613
Total Voluntary Income 16,256 - 16,256 142,613
Activities for generating funds
Haven admission fees 517,619 - 517,619 524,544
Gift shop sales 78,870 - 78,870 103,960
Tea room sales 126,200 - 126,200 141,442
Total of activities for generating funds 722,689 - 722,689 769,946
Total Incoming Resources 738,945 - 738,945 912,559

The Leaf Foundation

Schedule to the Statement of Financial Activities for the year ended 30 November 2024

Unrestricted Restricted Total Prior Period
Funds Funds Funds Total Funds
2024 2024 2024 2023
£ £ £ £
Costs of generating funds
Charitable expenditure
Costs of activities in furtherance of the charity's objectives
Cost of goods for primary purpose trading 173,045 - 173,045 227,155
173,045 - 173,045 227,155
Support costs of charitable activities
Direct support costs
Gross wages and salaries - charitable activities 336,609 - 336,609 359,582
Employers' NI - Charitable activities 17,053 - 17,053 18,832
Uniforms and training - - - 2,096
353,662 - 353,662 380,510
Indirect employee costs
Travel and subsistence 1,627 - 1,627 9,978
Motor expenses 2,377 - 2,377 2,608
4,004 - 4,004 12,586
Premises Costs
Rent payable 57,648 - 57,648 72,976
Rates, water and service charges 405 - 405 3,376
Insurance 5,681 - 5,681 4,143
Light and heat 27,824 - 27,824 29,362
Premises repairs and renewals 14,986 - 14,986 20,652
106,544 - 106,544 130,509
General administrative expenses:
Telephone and fax 2,936 - 2,936 3,837
Postage, stationery and printing 2,296 - 2,296 5,796
Hire of equipment 1,355 - 1,355 1,291
Software, IT and website 17,403 - 17,403 9,986
Irrecoverable VAT 1,224 - 1,224 2,064
Advertising and PR 34,245 - 34,245 30,117
Bank charges 1,571 - 1,571 1,820
61,030 - 61,030 54,911

The Leaf Foundation

Schedule to the Statement of Financial Activities for the year ended 30 November 2024

Professional fees in support of charitable activities
Legal and professional fees
Other support costs
Depreciation of assets used for charitable purposes
Total Support costs
Total Expended on Charitable Activities
Unrestricted
Restricted
Total
Prior Period
Funds
Funds
Funds
Total Funds
2024
2024
2024
2023
£
£
£
£
6,031
-
6,031
5,889
6,031
-
6,031
5,889
74,806
-
74,806
62,356
74,806
-
74,806
62,356
606,077
-
606,077
646,761
779,122
-
779,122
873,916

Governance costs that are not direct management functions inherent in generating funds, service delivery and programme or project work

Specific governance costs
Independent Examiner's Fees
Total governance costs
2,450
-
2,450
2,450
2,450
-
2,450
2,450