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2021-08-31-accounts

Registered Company Number: 08652312 (England and Wales) Registered Charity Number: 1153858

THE FLICKA FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Contents

Page
Legal and Administrative Information 1
Report of the Trustees 2-14
Independent Examiner's Report 15
Statement of Financial Activities 16
Statement of Financial Position 17-18
Statement of Cash flows 19
Notes to the Financial Statements 20-31

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Legal and Administrative Information

Trustees/Directors

Ms Judy Giles Ms Donna Watson Ms Laurie Stephenson Ms Kerry Taylor Ms Wendy Draper

Registered office

Penty Noweth Farm Trenoweth Lane Mabe Burnthouse Penryn Cornwall TR10 9JB

Registered charity number

1153858

Accountant

Stephen Humphreys FCCA SHMS Accountants Ltd SHMS House 20 Little Park Farm Road Fareham Hampshire PO15 5TD

1

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Report of the Trustees

Introduction

This is a report on behalf of the Trustees of The Flicka Foundation, covering a 12-month period from September 1st 2020 to August 31st 2021.

The work of The Flicka Foundation rescuing and caring for neglected, abandoned and abused donkeys continues to be vital, with our charity receiving more requests than ever to rescue donkeys in desperate need. As was the case for so many other charities and non-profit organisations however, we have had a difficult couple of years due to the ongoing global Covid-19 pandemic. We were forced to remain closed to visitors for the majority of this financial year and many trust funds diverted their support to frontline Covid-19 efforts, which had serious financial implications. Our wonderful supporters were a huge asset to our financial stability during this time however.

We continue to rely on visitors, public donations and grant funding to enable us to care for the animals at our sanctuary and we remain extremely grateful to our dedicated supporters and to those who remember The Flicka Foundation in their Will. Our legacy income is also crucial to enable us to continue our work for donkeys.

Organisational Structure

The Flicka Foundation has a board of Trustees who are legally responsible for all aspects of charity governance. The Trustees are permitted by law to make decisions for, and manage the charity as they see fit, provided their decisions are in the best interests of the charity. On a day-to-day basis, charity responsibilities are delegated to its Directors and staff in various departments including animal care, charity administration, public relations and development. Work is coordinated via

2

Structure, Governance and Management

Governing Document

The Flicka Foundation is a registered charity in England and Wales (charity number 1153858) and takes the form of a company limited by guarantee governed by its Memorandum and Articles of Association. It was incorporated on 15th August 2013 and registered as a charity on 18 September 2013.

Trustees

The Flicka Foundation Directors are also charity trustees for the purposes of charity law. Trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. All members of the trustee board give their time voluntarily and receive no benefits from the charity. The Flicka Foundation seeks to have a wide skill base, relevant to the charity, amongst its trustees (to include skills and/or experience in charity development, charity law, business management, managing finances, human resources, education, animal welfare, caring for equines and animal sanctuary governance)

Trustee induction and training

Upon invitation onto the trustee board and acceptance of the position, all new trustees are sent the Charity Commission's guide “The Essential Trustee”. In addition to this, they receive information specific to our charity; including their obligations, documents relating to our operational framework (including the Memorandum and Articles), the charity’s current financial position as set out in the latest prepared accounts and future plans and objectives via a 3-year strategic plan. Additionally, new trustees are invited and encouraged to spend time at the sanctuary working alongside the team to familiarise themselves with The Flicka Foundation’s day to day work.

3

Risk Management

In collaboration with the Trustees and departmental managers, The Flicka Foundation’s Directors have developed and maintain a risk management strategy, which comprises annual reviews of the risks the charity may face and the implementation of approaches to mitigate any such risks. The identified risks include the below.

Health and Safety

Protocols and procedures are in place to ensure compliance with health and safety for staff, volunteers and visitors to the sanctuary.

Financial Sustainability

Whilst reserves are maintained to protect against significant reduction in income, this remains a key concern. Any shortfall in visitor numbers, grant funding or legacy income streams would likely result in a reduced ability to maintain a sanctuary for rescued equines, to rescue others in need or develop new projects. A strategic plan is in place to plan for the diversification of funding streams.

Data Protection

We are aware of data protection regulations and subsequent risks across all of our fundraising and donkey rehoming activities. The Flicka Foundation is GDPR compliant and we continually review our operations to ensure compliance and our concern for supporter data.

Animal Escape

Our sanctuary site, its internal fencing and external boundaries are subject to constant monitoring in order that appropriate maintenance and improvement can be carried out. Our sanctuary is Accredited by the Global Federation of Animal Sanctuaries and protocols are in place to mitigate the possibility of animals entering areas reserved for visitors or leaving the site.

Loss of local reputation

The Flicka Foundation is well known within the local community through our years of work for equines and opening our gates to visitors free of charge to allow them to gain an insight into our work. Reputational damage could negatively affect our fundraising income, so we manage supporter communications carefully and maintain a strong presence in our local area via media releases and community visits to schools, care homes and various events.

4

Objectives and Activities

Objectives

The Charity's objectives (as defined in the Memorandum of Association) are:

Activities

5

The activities and strategies employed in order to meet the objectives include the following:

Public benefit

The activities carried out for the public benefit, as required by the Charity Commission include:

a) The advancement of education

b) The advancement of animal welfare.

a)The Flicka Foundation’s educational activities incorporate the definitions of education as required by the Charity Commission below:

6

b)The advancement of animal welfare includes any activity directed towards the prevention or suppression of cruelty towards, or suffering by, animals. Principles of public benefit identified include:

Achievements and Performance

The global pandemic and local lockdowns continued well into the second financial year after the initial lockdown and we did not reopen our gates until May 20th 2021. Reopening was more challenging than closing and required protective desk-screens to be fitted in the offices and Tea Room, as well as hand sanitizers stations and many new signs installed, including QR code scanners for tracking covid cases. As for so many others, this was a financial set-back in terms of income generation, but it was a positive start.

On-site Projects

Building renovations that were booked pre-covid continued, albeit slowly. Refurbishment of one of the older barns was finally completed and bedded up with dust free shavings and heat lamps. “Bilbo’s Barn” is now fully functional and the perfect environment for our asthmatic donkeys and others needing specialist care.

The second refurbishment to the west wing of the hay barn will commence in September 2021. The old barns existed long before our charity purchased the site, but we have been slowly and methodically adapting them over time, as and when funds allow, to make them spacious, light and perfectly adapted for the donkeys.

7

Work also commenced on “Humphreys Parc” in March 2021, with the aim to create a large, hard-standing area for the donkeys to use in the autumn and winter. It had been scheduled for the previous year, but suffered many postponements. Donkeys are very susceptible to foot diseases when they are kept on wet ground in damp climates like ours, but now they will be able to enjoy outside space and fresh air year-round, even in the rain when we have to shut off their paddocks!

We bought a new paddock sweeper in April. Our paddock sweepers are absolutely vital in the day to day running of our sanctuary; keeping our paddocks clean, clear and safe for the donkeys to enjoy.

Donkeys

Losses

We lost several special characters in 2020/2021, including Sky, Sable, Bobbin, Ebony and our big horses Timmy and Bilbo.

Although an inevitable part of the work we do, it always affects and hurts us deeply. Most of the family we lost had health problems and were aged, but the biggest and most devastating shock was to lose our young, threeyear-old Poitou donkey, Humphrey. Although not conclusive, an onsite veterinary post mortem suggested it may have been a congenital heart problem. It was a terrible, devastating event as he was a hugely popular character with everyone. This, along with the challenges of lockdown, made the loss even tougher to bear. We also said a devastating goodbye to our beautiful horse Bilbo in July 2021... He was a very special part of the Flicka Family from our early days and overcame so much adversity, having initially been given a slim, 1% chance of survival. He was an absolute joy, a privilege and a blessing and he will be a Flicka icon forever.

8

As we have mentioned in previous trustee reports; due to the nature of sanctuary and rescue work we will always have aged animals and those with chronic and acute health issues. In many cases, our sanctuary offers hospice care, for however long or short that may be, but losing individuals of any age from our Flicka Family is always utterly heartbreaking.

Rescues

We have also taken in many donkeys, either rescued from appalling situations or relinquished into our care, and our fostering scheme continues to be vital; allowing us to place donkeys into private homes and enable us to continue to give sanctuary to others who need help. We continue to home-check for potential foster homes and in 2020/2021 many donkeys were successfully relocated to their new homes.

We rescued almost 30 donkeys in the 12 months from August 31st 2020.

Beautiful Papillon was settling into life at our sanctuary in September. She was rescued from a sad, lonely and scary life and was so afraid when she arrived, but our American Mammoth, Meg, took her under her wing and she has settled in really well. She now enjoys life in our Main Herd of donkeys and is often found in the company of the big girl Poitous! She now has the freedom to spend her days exactly as she chooses and will always have all her specialised needs catered for by an experienced, dedicated team.

Hermine and Dannette joined our Flicka Family in October 2020. They were in a terrible state when we saved them from certain death in France; having been sadly neglected for some time. We were initially very worried for their chances of survival... But we are delighted to share that both girls are doing well and have now joined our Main Herd.

As well as working tirelessly to secure the safety of 9 jennies and their foals in France in December, we also heard about another donkey in a horrendous situation... Bijoux had been neglected and cruelly had his hooves cut with a chainsaw, causing terrible damage, but we were able to rescue him and pay for his initial treatment.

9

Silver was settling into life at our sanctuary at the start of 2021, having arrived on the last day of 2020. His previous life was one of loneliness, isolation and neglect and he was very scared when he arrived. He constantly tried to hide in the corner of his stable, but our friendly, affectionate Teddy came to the rescue and became Silver's babysitter. He helped him transform from a frightened little baby into a new donkey and the two have remained closely bonded since (although Silver has made lots of new friends too!)

Our supporters helped us raise an incredible £20,000 in February when we found ourselves in the middle of an emergency lockdown rescue... Our “Herd of Hope” had endured untold suffering and neglect, but we managed to save them and Applejack, Arthur, Beatrix, Dorothy, Snowdrop and Strawberry are now living out their lives in safety with all the specialised care and love they need.

We gave sanctuary to Pedro, Pablo and Trilby in June and they all arrived in terrible condition... Poor Pedro was full of lice, infested with worms and had wounds and sores covering his body and inside his mouth. After 6 weeks of quarantine and rehabilitation however, they moved to a wonderful 10* foster home and we are delighted to report they are happy, healthy and doing fantastically now, with their sad pasts behind them forever. This result is what we strive for with each and every one of our rescues who deserve a chance.

We rescued yet another 4 donkeys in August 2021; Angus, Monica, Minnie and Hope arrived in a terrible state with overgrown, twisted hooves that had been cruelly cut with a chainsaw. Angus was very frightened - they had only ever known misery and pain... After weeks of gentle rehabilitation, they were taken to their amazing new foster home where they are thriving!

10

Ongoing Sanctuary Care

Just as per our report for 2019/2020, vet visits continue to be frequent and veterinary hospital attendances continue with regularity, partly due to an ageing population and donkeys who arrive as a result of cruelty and neglect. Neglect can manifest itself years later and it can have ongoing and catastrophic consequences, meaning our vet bills are extremely and increasingly high.

Staffing

Our staff structure was heavily affected due to the Covid-19 lockdowns. After furloughing two full-time and three part-time staff members, who made up a large majority of our small team, we were forced to unfurlough one full-time and one part-time in September - mainly due to dealing with Christmas newsletter admin and orders from our newly implemented online shop.

Staff costs have increased to cover the extra workload caused by an increasing number of animals at our sanctuary who need constant care and also for supporter and visitor relations, whose numbers increase as the charity gains a bigger profile. More staff are always needed, but the charity turnover is currently not high enough to facilitate any more regular wage payments.

Visitors

With stringent covid safety precautions in place, and after a long 18 months of being closed due to the ongoing Covid-19 pandemic, we were finally able to re-open our gates on May 20th 2021. We were due to reopen our gates in November 2020, after weeks of hard work and preparation, but the second lock-down came in at that time. The day we were able to finally open however, brought a high number of visitors, grateful to be out, despite the gale force winds and torrential rain!

Throughout the summer we implemented a booking system to help control numbers of people and encourage proper social distancing. Visitor numbers were, understandably, slightly down from the average for the time of year due to many practising caution during the early days of the country re-opening after lockdown.

11

Finances

2020/2021 showed an approximate 10% increase in virtual adoption donations via our Adopt a Donkey scheme, but there has been a flurry of cancelled Direct Debits post lockdown. We are assuming some are due to the financial situation of our supporters and others because the reference for Flicka’s Direct Debit on statements shows as “CAF”, which is not recognised and subsequently cancelled by the supporter. We are trying to keep abreast of this and will include this in our next adoption leaflet narrative.

Donations have shown a 40% increase from the previous year. During the lockdowns our supporters were very generous in their help to see the charity through difficult times. We are so grateful to have such loyal and unwavering support.

The furlough scheme was taken advantage of as much as possible; we furloughed mostly admin staff and retained our key donkey welfare team throughout.

The Gift Shop showed significant increase in sales, partly due to the introduction of an online version, which has proved to be successful, particularly around the Christmas period.

The Tea Bray’k tea room income was 48% higher than the previous year reflecting a very busy summer post lockdown. The tea room is limited on what it can reasonably earn. Due to its size and menu options, we are at capacity and don’t wish to expand due to limited car parking space. All in all, our sanctuary is not a large visitor site, but a relatively small working sanctuary.

Vet fees continue to rise, as do farrier, dentist and direct animal care costs. With an ageing population and new rescues who require urgent veterinary intervention and investigation, these are costs we cannot control and they will undoubtedly continue to rise, not only with direct inflation, but the frequency of need.

Mrs P (a personal friend of the Trustees), left a large legacy in 2020, which has has given the charity considerable confidence and financial stability going into the future. The charity’s priority is the animals in its care and the ability to assist more in need. This ethos must always be the charity’s primary focus.

12

Legacy Income

In December 2020 we received a legacy of £5,000 and in April 2021 a legacy of £15,000. We also received a share from the settlement from Mrs P’s legacy for £125,000. There is a pending legacy for £32,742.70 expected to conclude in October 2021.

Reserves

The Flicka Foundation has, at any one time, between 80 – 100 donkeys on site and around 15 – 20 horses and ponies. This does not include an additional 60 donkeys in the care of foster homes in and around the southwest and further afield. It is therefore prudent to maintain a minimum reserve of £500,000 to allow between 12 to 18 months running costs. The trustees consider this to be very conservative when dealing with live animals and the time, effort and finances involved to seek alternative arrangements for their care and welfare if the “worst case scenario” were to arise.

The Future

Despite forward planning, national and global issues are likely to have a considerable negative impact on charity finances, but we remain committed to our aims and objectives.

There has been limited activity relating to our plans for an onsite veterinary hospital. Although we have restricted funds of approximately £100,000, we cannot begin construction until new 3-phase electricity has been brought onto site. There has been significant delay with the Southwest Electricity board due to a protracted wait for land owners to sign and return documents to allow access to land for overhead/underground cables. Another setback has been a legal constraint that only allows access to the necessary land after a certain time of the year. At the time of writing this report, September 2022 is the earliest progress will be made, despite our charity having already paid £16,000 for the work to be carried out. Due to this, we may have to apply for an extension to the planning consent we have already gained.

Whilst we will move forward with caution and careful management of expenditure as we recover from the impact of Covid-19, we will continue to use our resources and supporter donations to offer our resident equines the highest standards of care and welfare, as well as striving to rescue other individuals who desperately need our help.

13

Statement of Trustees' Responsibilities

The trustees (who are also the directors of The Flicka Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees 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 those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.

Approved by order of the board of trustees on June 29th 2022 and signed

14

THE FLICKA FOUNDATION Registered Company Number: 08652312 (England and Wales) Independent Examiner's Report

Independent examiner's report to the trustees of The Flicka Foundation

I report on the accounts of the charity for the year ended 31 August 2021, set out on pages 2 to 31.

Respective responsibilities of trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(the Act).

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am member of the Association of Chartered Certified Accounts.

Independent examiners statement

l have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Humphreys FCCA

SHMS Accountants Limited SHMS House 20 Little Park Farm Road Fareham Hampshire PO15 5TD

15

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Statement of Financial Activities For the year ended 31 August 2021

Notes
Incoming resources
Voluntary Income
2
Other trading activities
3
Investment Income
4
Total incoming resources
Resources expended
Costs of raising funds
Other trading activities
5
Charitable Activities
Charitable activities
6
Total resources expensed
Net incoming resources
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2021
Unrestricted
Funds
£
621,768
60,706
-
682,474
56,973
388,488
445,461
237,013
2,172,369
2,409,382		 2021
Restricted
Funds
£
19,269
5,881
-
25,150
5,881
31,575
37,456
(12,306)
135,779
123,473		 2021
Total Funds
£
641,037
66,587
-
707,624
62,854
420,063
482,917
224,707
2,308,148
2,532,855		 2020
Total Funds
£
1,680,596
35,528
654
1,716,778
54,067
348,100
402,167
1,314,611
993,537
2,308,148

16

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Statement of Financial Position As at 31 August 2021

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Stocks
18
Debtors
19
Cash at bank and in hand
Current Liabilities
Creditors: due within one year
20
Net current assets
Total assets less current
liabilities
Net assets
Funds
21
Unrestricted funds
Restricted funds
Total Funds		 2021
Unrestricted
Funds
£
369,418
1
369,419
5,287
268,668
1,812,070
2,086,025
46,061
2,039,964
2,409,383
2,409,383		 2021
Restricted
Funds
£
92,740
-
92,740
-
-
30,733
30,733
-
30,733
123,473
123,473		 2021
Total Funds
£
462,158
1
462,159
5,287
268,668
1,842,803
2,116,758
46,061
2,070,697
2,532,856
2,532,856
2021
£
2,409,382
123,474
2,532,856		 2020
Total Funds
£
312,894
-
312,894
5,194
608,798
1,408,920
2,022,912
27,658
1,995,254
2,308,148
2,308,148
2020
£
2,172,369
135,779
2,308,148

17

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees on June 29th 2022 and were signed on its behalf by:

18

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Statement of Cash flows For the year ended 31 August 2021

Operating activities
Net incoming resources
Adjustments for:
Depreciation charges
(Profit)/Loss on disposal of fixed assets
Interest received
(Increase)/Decrease in stocks
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash from continuing operations
Investing Activities
Purchase of tangible fixed assets
Disposal of tangible fixed assets
Interest received
Net cash from investing activities
Net cash increase for the period
At the beginning of the reporting period
Cash in hand
Cash at bank
At the end of the reporting period.		 2021
£
224,707
39,358
(203)
-
(93)
340,130
18,403
622,302
(198,468)
10,050
-
(188,418)
433,884
141
1,408,778
1,842,803
1,842,803		 2020
£
1,314,611
40,287
1,206
(654)
(1,531)
(606,484)
17,907
765,342
(122,064)
3,500
654
(117,910)
647,432
2,167
759,321
1,408,920
1,408,920

19

THE FLICKA FOUNDATION Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

1 Accounting policies

Basis of preparing the financial statements

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees continue to adopt the going concern basis of accounting in preparing the accounts.

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

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

Further explanation of the nature and purposes of each fund is included in the notes of the financial statements.

Income

Income is recognised when the charity 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.

Cash donations are recognised on receipt. Other donations are recognised once the charity 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 donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known,

20

THE FLICKA FOUNDATION Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

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 costs related to the category . Where costs cannot be directly attributed to a particular headings they have been allocated to activities on a basis consistent with the use of resources.

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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 5% Straight Line Plant and equipment etc. 25% Reducing Balance Motor vehicles 25% Reducing Balance

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 net income/(expenditure) for the year.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

The charity is exempt form corporation tax on its charitable activities, however, a current tax liability is recognised for the tax payable on the profit arising on trading activities of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

Financial Instruments

The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable. The measurement basis used for these instruments is detailed below.

Debtors and cash at bank

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash held on deposit or in a current account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

21

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

Investments in Subsidiaries

Investments in subsidiaries are at cost.

2
Voluntary Income
Adopt a donkey scheme
Donations
Gift Aid
Grants (Including government grants)
Legacies
Other Incoming Resources		 2021
£
119,047
282,706
31,484
23,269
184,525
6
641,037		 2020
£
104,503
200,255
39,461
21,073
1,310,957
4,347
1,680,596

Grants (including government grants) included £19,269, in 2021 (£17,573 in 2020), of government grants which relate to the Coronavirus Job Retention Scheme. All other income from voluntary income was attributable to unrestricted funds in 2021 and 2020.

3
Other trading activities
Gift Shop
Tea Room
Other income (including government grants)		 2021
£
32,732
27,974
5,881
66,587		 2020
£
12,571
18,836
4,121
35,528

Other income (including government grants) included £5,881 in 2021 (£4,121 in 2020), of government grants which relate to the Coronavirus Job Retention Scheme, this has been recorded within restricted income. All other income from trading activities was attributable to unrestricted funds in 2021 and 2020.

4
Investment Income
Interest receivable		 2021
£
-
-		 2020
£
654
654

All income from investments was attributable to unrestricted funds in 2021 and 2020.

22

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

5
Cost of Raising Funds
Other trading activities
Accountancy
Audit fees
Bank and credit card charges
Cleaning
Computer costs
Cost of sales - Direct labour
Cost of sales - Increase/decrease in stocks
Cost of sales - Purchases
Equipment
Insurance
Legal and professional
Light and heat
Rates and water
Repairs and maintenance
Sundry expenses
Telephone and internet
Other trading activities - taxation prior year adjustment
Other trading activities - taxation current year
6
Charitable activity costs
Direct costs
Support costs(Note 7)
7
Support costs
Finance
Bank and credit card charges
Governance costs
Accountancy
Audit Fees
Wages and salaries
8
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation
Profit/loss on disposal		 2021
£
990
-
863
465
123
20,569
(94)
26,438
4,957
615
431
1,113
544
4,373
472
119
-
876
62,854
2021
£
409,828
10,235
420,063
2021
£
6,753
2,412
-
1,070
10,235
2021
£
39,358
(203)
39,155		 2020
£
1,888
960
403
196
125
27,362
(1,531)
17,990
1,206
555
28
2,087
308
-
2,243
247
2,815
(2,815)
54,067
2020
£
336,145
11,955
348,100
2020
£
4,118
2,160
4,608
1,069
11,955
2020
£
40,287
1,206
41,493

23

THE FLICKA FOUNDATION Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

9 Trustees' renumeration and benefits

Trustee's salaries of £21,400 (2020 - £21,670) are included within staff costs.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2021 nor the year ended 2020.

10 Staff costs

Number of employees
The average number of employees during the year was:
Employment costs
Wages and salaries
Pension costs		 2021
17
17
2021
£
177,911
1,844
179,755		 2020
15
15
2020
£
155,889
1,432
157,321

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

The charity considers its key management personnel comprise the Trustees and the Director of Development. The total employment benefits including employer pension contributions of the key management personnel were £39,668 (2020 - £34,593)

11 Retirement benefit scheme

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Pension costs
Employer's pension cost		 2021
£
1,844
1,844		 2020
£
1,432
1,432

24

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

12 Comparatives for the statement of financial activities

Incoming resources
Voluntary Income
Other trading activities
Investment Income
Total incoming resources
Resources expended
Costs of raising funds
Other trading activities
Charitable Activities
Charitable activities
Total resources expensed
Net Incoming resources
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2020
Unrestricted
Funds
£
1,663,023
31,407
654
1,695,084
49,718
320,816
370,534
1,324,550
847,819
2,172,369		 2020
Restricted
Funds
£
17,573
4,121
-
21,694
4,349
27,284
31,633
(9,939)
145,718
135,779		 2020
Total
Funds
£
1,680,596
35,528
654
1,716,778
54,067
348,100
402,167
1,314,611
993,537
2,308,148		 2019
Total
Funds
£
492,302
98,024
553
590,879
76,607
246,515
323,122
267,757
725,780
993,537

25

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

13 Tangible fixed assets

Cost
At 1 September 2020
Additions
Disposals
At 31 August 2021
Depreciation
At 1 September 2020
Charge for the year
On disposals
At 31 August 2021
Net book value
At 31 August 2021
At 31 August 2020
14 Investments
Cost
At 1 September 2020
Additions
Revaluation
At 31 August 2021		 Land and
buildings
£
280,221
135,065
-
415,286
48,757
16,248
-
65,005
350,281
231,464		 Plant and
machinery
etc
£
127,766
27,403
-
155,169
67,712
18,727
-
86,439
68,730
60,054		 Motor
vehicles
Total
£
£
68,509
476,496
36,000
198,468
(24,529)
(24,529)
79,980
650,435
47,133
163,602
4,382
39,357
(14,682)
(14,682)
36,833
188,277
43,147
462,158
21,376
312,894
Investments in
subsidiary
undertakings
£
-
1
-
1

The charity's investment is in respect of it's wholly owned subsidiary, Flicka Tea & Gifts Ltd, a company which will commence operating the trading activities for the charity by operating a gift shop and tea room from 1st September 2021.Flicka Tea & Gifts Ltd is a company registered in England.

26

THE FLICKA FOUNDATION Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

15 Subsidiary undertaking

The charity owns the whole of the issued share capital of Flicka Tea & Gifts Ltd, a company registered in England. The company number is 13381809. The registered office address is Penty Noweth Farm Trenoweth Lane, Mabe Burnthouse, Penryn, Cornwall, TR10 9JB.

The subsidiary will be used for non-primary purpose trading activities, in the form of operating a gift shop and tea room. The trading subsidiary will commence undertaking these operations from the 1st September 2021. All profits will be distributed to the parent charity.

The aggregate of assets, liabilities and funds was:
Assets
Liabilities
Funds		 2021
£
1
-
1		 2020
£
-
-
-

The subsidiary did not undertake any trading activities since its incorporation on 7th May 2021

16 Analysis of restricted fixed assets

The following are included within the total fixed assets, but are form part of the restricted funds.

Restricted
land and
buildings
£
Cost
At 1 September 2020
129,925
Disposals
-
At 31 August 2021
129,925
Depreciation
At 1 September 2020
35,207
Charge for the year
6,496
On disposals
-
At 31 August 2021
41,703
Net book value
At 31 August 2021
88,222
At 31 August 2020
94,718
17
Analysis of restricted cash and cash equivalents
Cash at bank and in hand		 Restricted
plant and
machinery
£
22,160
(10,200)
11,960
11,832
1,507
(5,897)
7,442
4,518
10,328
2021
£
30,733
30,733		 Total
restricted
fixed assets
£
152,085
(10,200)
141,885
47,039
8,003
(5,897)
49,145
92,740
105,046
2020
£
30,733
30,733

27

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

18
Stocks
Stocks held for other trading activities
19
Debtors: amount falling due within one year
Legacies receivable
Other debtors
Prepaid expenses
20
Creditors: amounts falling due within one year
Accrued expenses
Other taxes and social security
Trade creditors		 2021
£
5,287
5,287
2021
£
235,423
29,791
3,454
268,668
2021
£
2,146
14,279
29,636
46,061		 2020
£
5,194
5,194
2020
£
589,800
16,361
2,637
608,798
2020
£
9,955
11,941
5,762
27,658

28

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

21 Movement in funds

At
01/09/2020
Net
movement
in funds
£
£
Unrestricted funds
General
2,052,369
237,013
Equine Hospital
120,000
-
2,172,369
237,013
Restricted funds
Gerrick Rose Animal Charity
94,718
(6,496)
Support Adoption for pets
8,218
(5,282)
J Sainsburys
2,843
(527)
Equine Hospital
30,000
-
Coronavirus Job Retention Scheme
-
-
135,779
(12,305)
Total Funds
2,308,148
224,708
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General
682,474
Equine Hospital
-
682,474
Restricted funds
Gerrick Rose Animal Charity
-
Support Adoption for pets
-
J Sainsburys
-
Equine Hospital
-
Coronavirus Job Retention Scheme
25,150
25,150
Total Funds
707,624		 Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-
Resources
expended
£
(445,461)
-
(445,461)
(6,496)
(5,282)
(527)
-
(25,150)
(37,455)
(482,916)		 At
31/08/2021
£
2,289,382
120,000
2,409,382
88,222
2,936
2,316
30,000
-
123,474
2,532,856
Movement
in funds
£
237,013
-
237,013
(6,496)
(5,282)
(527)
-
-
(12,305)
224,708

29

THE FLICKA FOUNDATION

Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

Comparatives for movement in funds

At
01/09/2019
Net
movement
in funds
£
£
Unrestricted funds
General
727,819
1,324,550
Equine Hospital
120,000
-
847,819
1,324,550
Restricted funds
Gerrick Rose Animal Charity
101,214
(6,496)
Support Adoption for pets
10,958
(2,740)
J Sainsburys
3,546
(703)
Equine Hospital
30,000
-
Coronavirus Job Retention Scheme
-
-
145,718
(9,939)
Total Funds
993,537
1,314,611
Net movement in funds, included in the above are as follows:
Incoming
£
Unrestricted funds
General
1,695,084
Equine Hospital
-
1,695,084
Restricted funds
Gerrick Rose Animal Charity
-
Support Adoption for pets
-
J Sainsburys
-
Equine Hospital
-
Coronavirus Job Retention Scheme
21,694
21,694
Total Funds
1,716,778		 Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-
Resources
£
(370,534)
-
(370,534)
(6,496)
(2,740)
(703)
-
(21,694)
(31,633)
(402,167)		 At
31/08/2020
£
2,052,369
120,000
2,172,369
94,718
8,218
2,843
30,000
-
135,779
2,308,148
Movement
£
1,324,550
-
1,324,550
(6,496)
(2,740)
(703)
-
-
(9,939)
1,314,611

30

THE FLICKA FOUNDATION Registered Company Number: 08652312 (England and Wales) Notes to the Financial Statements

22 Purpose of restricted funds

Gerrick Rose Animal Charity

Funds received for the purpose of making specified capital improvements on the site, including the donkey barn and tea room. As such all funds carried forward are represented within the net book value of fixed assets.

Support Adoption for pets

Funds received for the purpose of acquiring a tractor and paddock sweeper for the charity. Funds carried forward are represented by the net book value of this equipment.

J Sainsburys

Funds received for the purposes of specified capital improvements on the site. Funds carried forward are represented by the net book value of related improvements. The remaining balance of funds is represented by funds held within the bank.

Equine Hospital

Funds received for the purposes of the equine hospital appeal in 2019. Funds carried forward are represented by the net book value of the initial costs, which have been capitalised. The remaining balance of funds is represented by funds held within the bank.

Coronavirus Job Retention Scheme

Being monies received from HMRC in relation to the Coronavirus Job Retention Scheme to reimburse staff costs during the covid-19 pandemic.

23 Related party transactions

During the year the charity provided a loan of £12,000 to Ms J Giles.These funds were provided, so that Ms J Giles could satisy the personal mortgage, for the property upon which the charity is located. This was deemed to be in best interests of the charity, as without the satisfied charge, plannng permission would not be granted for the proposed new site for the on-site enquine hospital. No interest has been charged on this loan, nor are there any terms of repayment stipluated by the charity.

Ms J Giles and Ms L Stephenson are the owners of the land upon which the charity operates. This land is leased to the charity free of charge.

There have been related party transactions with the wholly owned trading subsidiary, Flicka Tea & Gifts Ltd. The only transaction to take place with the subsidiary, was the purchase of it entire share capital on incorporation.

31