Registered Company Number: 08652312 Charity Number: 1153858 

# **THE FLICKA FOUNDATION (A COMPANY LIMITED BY GUARANTEE)** 

# **REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 AUGUST 2025** 




## **THE FLICKA FOUNDATION Registered Company Number: 08652312 Contents** 

||**Page**|
|---|---|
|Legal and Administrative Information|1|
|Report of the Trustees|2-17|
|Independent Auditor's Report|18-20|
|Consolidated Statement of Financial Activities|21|
|Consolidated Statement of Financial Position|22|
|Consolidated Statement of Cash Flows|23|
|Notes to the Financial Statements|24|





## **THE FLICKA FOUNDATION Registered Company Number: 08652312 Legal and Administrative Information** 

## **Trustees** 

Ms Judy Giles Ms Laurie Stephenson Ms Wendy Draper Dr Roger Wood Ms Linda Paget Ms Lynn Brown 

## **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 PO15 5TD 

## **Independent Auditor** 

Stuart Mackie FCA (Senior Statutory Auditor) MC Audit Limited Lake House 2 Port Way Port Solent Portsmouth PO6 4TY 

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## **Report of the Trustees** 

## **2024 - 2025** 


## **Introduction** 

This is a report on behalf of the Trustees of The Flicka Foundation, covering a 12-month period from August 31[st] 2024 to August 31st 2025. 

The work of The Flicka Foundation rescuing and caring for neglected, abandoned and abused donkeys continued to be vital in our 30th Anniversary year, with our charity still receiving constant requests to rescue donkeys and other equines in need. The ongoing economic pressures continue to present challenges however. Our outgoings, and the cost of our on-site projects, continue to increase dramatically, while many donors have been forced to withdraw their regular support due to their personal financial situations. We continue to rely on the income generated by visitors to our sanctuary and donations from members of the public as well as philanthropic and  grant funding to enable us to provide the best possible life for the animals in our care. We also remain extremely grateful to those who remember The Flicka Foundation in their Will and help to secure the future of our work. 

## **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, fundraising and development. Work is coordinated via staff meetings and Trustee meetings. 

## **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 2 



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. 

## **Trustees/Directors** 

Judy Giles Laurie Stephenson Wendy Draper Dr Roger Wood Lynn Brown Linda Paget 

## **Organisational Structure and Decision-making** 

The Flicka Foundation operates under a structured hierarchy that ensures efficient management, clear lines of responsibility and effective decision-making. This is led by Charity Directors, who provide strategic oversight and governance while ensuring that the charity meets its mission and legal and ethical obligations. 

Beneath the directors, the Management Team oversees specific operational areas, ensuring that all aspects of the sanctuary function smoothly. Managers are responsible for leading their respective teams, supervising staff and volunteers and implementing the sanctuary’s policies and goals. Regular meetings between managers and directors ensure alignment across departments, while open communication channels allow for a responsive and adaptive approach to sanctuary management. 

## **Key Management Personnel** 

Judy Giles - Charity Director Laurie Stephenson - Charity Director Claire Turnbull - Development Manager Theresa Mitchell - Operations Manager Mark Stattersfield  - Estates Manager Rachel Sturgess - Donkey Welfare Manager Debra Clarke - Office Manager Fiona Morcom - Retail Manager 

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## **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 

## **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. Staff members are trained in basic first aid to create a safety conscious team and minimise the number of accidents and injuries. 

## **Financial Sustainability** 

Whilst substantial reserves are maintained to protect against significant reduction in income, financial sustainability always remains a key concern. Any shortfall in visitor numbers, donations, 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 as and when needed. 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. 

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**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. 

## **Objectives and Activities** 

## **Objectives** 

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

- To promote humane behaviour towards animals, in particular (without prejudice to the foregoing) donkeys and other equines, by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment or poor circumstances or ill usage and to educate the public in matters pertaining to  the prevention of cruelty and suffering among animals and animal welfare in general 

- The prevention of cruelty and suffering among animals 

- To provide therapeutic activities for disadvantaged and/or disabled children and adults designed to improve their conditions of life by through interaction with rescued donkeys and ponies 

## **Activities** 

- Rescuing donkeys from situations of abuse, neglect or abandonment and providing them with necessary veterinary care and attention, appropriate rehabilitation and lifelong sanctuary or approved foster home care. 

- Facilitating disabled people, wheelchair users and people with mental health conditions, as well as people who are disadvantaged, terminally ill or recuperating from illness to have interaction with donkeys for therapeutic purposes. 

- Offering and facilitating educational tours and talks for students, community groups on and off-site 

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

- Offering a home for life and the highest possible standard of care and welfare to the donkeys, ponies and horses living at our sanctuary and in approved foster homes. 

- Continuing to rescue more donkeys in need and striving to find homes for those we cannot rehome. 

- Offering donkey therapy sessions to members of the public from all walks of life. 

- Educating the public on issues of animal welfare through onsite talks and educational visits to schools, universities and community groups 

- Supporting private individuals and other equine organisations, both in the UK and overseas, by offering advice and expertise on equine care and welfare. 

## **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: 

   - Formal education (schools, universities and colleges) 

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- Training (with staff, volunteers and interns) 

- The development of individual capabilities, competences, skills and understanding (with staff, volunteers and interns) 

- Providing information in a way that increases the knowledge and abilities of those being educated (through various methods appropriate to age and skill level) 

- Increasing public learning and knowledge about a particular subject 

- 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: 

- People in poverty must not be excluded from the opportunity to benefit. 

- The Flicka Foundation’s sanctuary is open year-round and is a free entry site. Educational talks and tours are also offered free-of-charge or on a donation only basis for a wide variety of educational establishments and community groups. The charity’s website also offers an insight into its work and topics relating to equine care and animal welfare. 

## **Achievements and Performance** 

## **Overview** 

The ongoing economic challenges throughout 2024/2025 continued to place significant pressure on both households and charities across the UK. Rising living costs and wider financial uncertainty meant that yet more of our long-standing supporters had to cancel their regular donations. Businesses have also continued to face financial pressures, resulting in fewer opportunities for donated goods and discounted services, while the costs associated with running an animal sanctuary (including feed, bedding, veterinary care, staffing and essential maintenance) have continued to rise considerably. In April 2025, further increases to the National Living Wage and associated employer costs added further financial pressure to our already significantly increased operational expenses. 

Despite these challenges, we remained committed to improving both the welfare of our resident equines and the experience of our visitors. Throughout the year, we continued to invest in our charity through staffing increases, a number of refurbishment projects, infrastructure improvements and the continued fitting out of our onsite equine hospital. We are incredibly grateful for the continued generosity, loyalty and encouragement shown by our supporters, volunteers, fundraisers and grant-making organisations during what remains a challenging economic climate for the charitable sector. 

## **Lonely and Primrose Hospital Project** 


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Following many years of planning, fundraising, setbacks and determination, our long-awaited onsite equine hospital has finally moved from dream to reality over the past year. The Lonely and Primrose Hospital, named after two of our much-loved and never forgotten rescued donkeys, represents a huge milestone for the sanctuary and will transform the level of veterinary care we are able to provide for the donkeys and ponies in our care. 

Since our last Trustees’ Report, building work has progressed significantly. After the steel frame and roof were completed during summer 2024, the blockwork underneath quickly began to take shape and by September the cladding was also being installed, making the hospital feel like a real and tangible building for the very first time. By the beginning of 2025, the windows had been installed and work on the interior of the building was underway. Throughout the year, substantial progress has continued both inside and outside the hospital. Internal walls have been constructed and rendered, vast areas painted and specialist rubber epoxy flooring installed. The layout and fitting out of the various rooms has also taken shape, with plumbing, electrics, lighting and storage fitted throughout, alongside facilities for staff to stay overnight to provide intensive 24-hour care when needed. Specialist areas within the hospital have now been completed, including therapeutic stables, a fully padded knock-down and recovery room and the operating theatre itself. 

While fundraising for additional veterinary equipment remains ongoing, the hospital is now nearing completion and we are excited to be approaching the point where it will welcome its first patients. It has been many years since we first dreamed of creating a purpose-built hospital for Flicka’s rescued equines and it is difficult to put into words what seeing that vision come to life now means to us all. Once fully operational, the hospital will dramatically improve the welfare of our residents and future rescues by allowing more treatments, procedures and diagnostics to take place onsite in a calm and familiar environment, reducing stress and reliance on external veterinary facilities. 

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## **Flicka’s 30th Anniversary** 

The 31st August 2025 marked another significant milestone for us as we celebrated 30 years of rescue, rehabilitation and sanctuary care. Founded in 1995 by Mary Berryman following the rescue of a small abandoned pony named Flicka, our charity was born from Mary’s compassion, kindness and determination to help vulnerable equines in need. Mary’s ethos, vision and unwavering love for animals continue to guide the work of our charity today, so, in recognition of her legacy, the 31st August (Mary’s birthday) 

remains an important date and serves as both Flicka’s anniversary and a celebration of our beginnings. Over the past three decades, we have rescued and rehabilitated well over 1,000 animals. Hundreds of donkeys, ponies, horses and other animals have found safety, care and a second chance at life with us. Since rescuing our first donkeys in 2008, we have evolved into predominantly a donkey sanctuary, specialising in the rescue and care of donkeys from situations of neglect, abuse and abandonment. Reaching this 30-year milestone has only been possible because of the continued kindness and loyalty of our supporters, volunteers, fundraisers and donors. Their support has enabled us to continue rescuing vulnerable equines and providing them with the specialist care and sanctuary they deserve, while ensuring Mary and Flicka’s legacy lives on. 

We hosted a special birthday open day on the 31st August and we were delighted to have many people come along to celebrate with us! We also held a fundraising 30th Birthday Raffle, art auction and our staff, volunteers and supporters took part in a number of sponsored events to raise funds. 


## **GFAS re-accreditation** 

Our GFAS re-accreditation assessment took place in May 2025. The Global Federation of Animal Sanctuaries (GFAS) is a highly respected international accrediting body that oversees animal sanctuaries worldwide. Established in 2007 by internationally recognised animal welfare professionals, GFAS exists to improve the standards of care provided to animals in sanctuary settings. Accreditation is awarded only to organisations that meet rigorous standards in animal welfare, sanctuary operations and governance. We were proud to achieve GFAS Accreditation in 

2022 and this year’s assessment formed part of the renewal process required to maintain our accredited status. As an animal sanctuary, compassion and commitment to animal welfare remain at the heart of everything we do. However, the day-to-day challenges of running a sanctuary can be considerable and external recognition from such a respected professional body provides reassurance. 


## **National Equine Welfare Council** 

At the same time, we were undergoing reassessment in order to retain our Equine Welfare Membership of the National Equine Welfare Council (NEWC). NEWC provides a collaborative forum for equine welfare organisations to share knowledge, discuss welfare concerns and promote best practice across the sector. Membership is also subject to strict criteria and we are delighted to have met the required standards, as well as being proud to support NEWC’s mission to protect the welfare of all equines. This closely reflects our own charitable aims and commitment to providing the highest standards of care for the animals we support. 

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**Media Coverage and Public Awareness** 

During the year, we also continued to raise awareness of our work through a number of positive media opportunities. A major focus was our Lonely and Primrose Hospital Appeal, which highlighted our plans to create a dedicated on-site equine hospital and attracted regional broadcast coverage from BBC Radio Cornwall and BBC Spotlight in September 2024. 

Our charity also gained national exposure through the Channel 5 Christmas programme “A Donkey for Christmas”, featuring Flicka patron Dame Judi Dench alongside Peter Wright of “The Yorkshire Vet”. The programme showcased and helped introduce new audiences to our work, as well as importantly highlighting donkey welfare. 


In March we sent out a heartwarming media release featuring rescued donkey Finty, who gave birth to a healthy foal named Sammy some months after we saved from the slaughterhouse. The story received positive coverage in local and national media and even had some international coverage. 

In addition to traditional media coverage, we continued to receive positive attention through fantastic visitor reviews, community partnerships and social media, helping to strengthen public understanding of donkey welfare and encourage continued public support for our work. 

## **On-site Projects** 


## **Twilights Barn Refurbishment** 

We converted “Willow’s Barn” in 2022, removing old stables to create one large, donkey-friendly, open space with specially made large windows for climate control. Our Twilight Herd have been very comfortable and happy there, but we have recently completed another refurbishment and extended their area into our old hay barn. Our little herd of older residents now have double the space and a walkway so visitors can see them and give them lots of attention. We would like to extend our heartfelt thanks to the Seattle Foundation for helping to make this project happen for them. 

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**New Hay Barn** 

We also completed a brand-new, purpose built barn by the Hospital building for storing the hundreds (and hundreds!) of bales of straw, hay and haylage that our residents get through. 

## **Other Site Developments** 

We remain committed to improving our facilities for both the donkeys in our care and the visitors who support our work, but, as our charity continues to grow and provide sanctuary to an increasing number of donkeys in need, our staffing requirements have also expanded. This growth brings additional operational and administrative responsibilities, so work is currently underway to create new office facilities above the extension to Willow’s Barn in order to accommodate these needs and support future development. By developing office space on the first floor, we will be able to meet operational requirements without reducing valuable ground-floor areas dedicated to the donkeys. 

## **Donkeys** 

## **Losses** 

An inevitable and deeply painful part of rescue and sanctuary care is saying goodbye to cherished members of our Flicka Family. We lost a number of very special souls during 2024/2025. 

## **Joey** 

In November 2024 we said goodbye to dear Joey pony. Well into his thirties, Joey had been receiving increasing levels of special care and attention as his health declined, but he continued to enjoy life in the paddocks with his devoted friend Merlin and companion Harry pony nearby. As his mobility deteriorated and his failing liver began to take a greater toll however, it became clear that Joey was becoming unhappy and tired and the difficult decision was made to let him pass peacefully. Joey was a much-loved 


character whose presence brought immense joy to all who knew him and his loss was felt profoundly. Following his passing, our attention turned to Merlin, with whom he had shared an exceptionally close bond. Merlin grieved, but with time, patience and extra care, he gradually began to adjust to life without Joey. He was introduced to our Mini Herd, where he has settled well and found companionship with new pony friends. 


## **Daisy** 

In January 2025, we suffered the heartbreaking loss of Daisy. Daisy arrived at Flicka in 2010 from Romania with her foal, Danny. They were in extremely poor condition. Although Danny recovered and thrived, Daisy was left with chronic health complications from her previous neglect which required ongoing management. Over time, despite specialist farriery support and careful veterinary intervention, her mobility declined significantly and further investigations confirmed there were no remaining treatment options available to maintain her quality of life. Daisy’s passing was devastating for all who knew and loved her and especially difficult for her devoted companion of many years, Willow. Willow clearly mourned Daisy’s absence, but it has been heartening to see other donkeys within her friendship group rally around her and Willow gradually begin to regain some confidence and comfort in her daily routines. 

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## **Harry** 

In February 2025, we also said goodbye to Harry pony at around 37 years old. Although his Cushing’s disease had been managed successfully for many years, keeping him bright and happy, his age and failing liver eventually led to a rapid neurological decline. Harry is woven into the fabric of Flicka - an icon of the sanctuary. Now reunited with his friends, Peter, Cara and, of course, Joey. 

## **Freida** 

Later that same month, we lost beautiful Frieda, who had arrived at Flicka with her companion, Finty, in February 2024 following severe neglect. The pair were emaciated, suffering from painful overgrown feet, lice, rainscald and infection, but, despite everything they had endured, both remained incredibly gentle and affectionate. After months of intensive veterinary treatment, remedial farriery and dedicated care, Frieda made remarkable progress and it was an enormous joy to see her eventually walking comfortably and pain free. Tragically, she was then diagnosed with liver disease and, despite extensive treatment and palliative care, she deteriorated rapidly and we made the heartbreaking decision to let her go peacefully. Although Frieda spent only a year with us, she became deeply loved by everyone who cared for her. 



## **Pebbles** 

In March 2025, we experienced another devastating loss when Pebbles passed away following a battle with severe respiratory illness. Pebbles initially presented with a cough and mild respiratory concerns, but despite extensive veterinary investigations, hospitalisation and intensive treatment, her condition continued to worsen. Throughout her illness she remained gentle and trusting, and we fought desperately alongside our veterinary team to save her. Sadly, despite every effort, we were unable to turn things around. Pebbles was a truly beautiful, gentle little donkey whose loss broke many hearts. It was a privilege and sheer joy to share Pebbles’ life. 

## **Holly and Heidi** 

In June 2025, we lost Holly very suddenly following a severe episode of colic caused by a twisted colon. Despite urgent veterinary intervention, her condition deteriorated rapidly. Holly was a gentle, stoic and much-loved horse and her sudden passing came as a tremendous shock to everyone at the sanctuary. Just five days later, we also lost Heidi, Holly’s lifelong companion. Heidi had already been under close veterinary observation due to significant weight loss and investigations strongly suggested carcinoma. Following Holly’s death, Heidi deteriorated rapidly and we strongly believe the loss of her bonded companion contributed significantly to the speed of her decline. Holly and Heidi had originally been rescued five days apart 27 years earlier and had remained inseparable throughout their lives. That they left us only five days apart felt both heartbreaking and strangely fitting for two souls who had spent their lives side by side. Their passing had a significant emotional impact on Leo, Holly’s son, who had never known life without them. As always, careful attention was given not only to his physical wellbeing but also to his emotional needs as he adjusted to life without them. Happily, Leo has since formed a close bond with Tianna, one of our rescue mares. 

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_While loss is one of the hardest aspects of sanctuary life, it is also a reminder of the deep bonds animals form and the privilege it is to care for them throughout every stage of their lives. Each of these much-loved individuals leaves a lasting legacy and will always remain part of our Flicka Family._ 

## **Rescues** 

During 2024/2025, we continued to respond to a wide range of welfare concerns involving vulnerable donkeys requiring specialist care, rehabilitation and, in many cases, urgent rescue and many donkeys were successfully settled into our sanctuary or relocated to their new homes. As always, many of the animals who came into our care had experienced neglect, loneliness, inadequate husbandry or uncertain futures, but each was given safety and a new start in life. With limited space at our sanctuary, our donkey fostering scheme continues to be vital - allowing us to place donkeys into appropriate homes and free up space to enable us to continue to rescue others who need help. 

_We rescued 19 donkeys in the 12 months from August 31st 2024._ 


## **Misty** 

Misty arrived with us in November 2024, following the sad loss of her bonded companion. On arrival, she required urgent dental treatment and remedial farriery work, while veterinary assessment also identified arthritis requiring ongoing management. Once settled, Misty was introduced to our TLC herd, where she quickly formed close friendships with Marla and Strawberry. Misty has proved to be a wonderfully affectionate and sociable donkey who has settled beautifully into sanctuary life. 

## **Cloughie and Taylor** 

During the same period, we also helped Cloughie and Taylor after their owners were no longer able to care for them. Fortunately, both boys were able to move directly into a carefully selected foster home where they have continued to thrive. 

## **Bonnie, Clyde and Thelma** 

In January 2025, Bonnie, a senior donkey, and Clyde, believed to be her son, arrived at our sanctuary following serious welfare concerns regarding their living conditions. The pair had been kept in a corrugated shed with no bedding, living in dung up to their hocks, and had significant neglect of both hoof and dental care. Both required immediate veterinary, dental and farriery intervention upon arrival. Shortly afterwards, we were contacted regarding another donkey, Thelma, who was living in isolation and displaying clear signs of distress and loneliness. Thelma was introduced to Bonnie and Clyde shortly after arrival and the trio bonded almost immediately. They subsequently moved to a dedicated foster home where they are now flourishing in a loving and enriching environment far removed from the neglect and isolation they had previously endured. 

## **Hugo, Hector, Amber and Ava** 

In April, we secured the safety of Hugo, Hector and Amber - three donkeys whose future destination was believed to be the live export market. Following a complex and sensitive intervention, the trio were safely removed and transported to one of our experienced foster homes, where they settled well. Shortly afterwards, Ava, a large donkey who had experienced repeated moves and instability throughout her life, also came into our care. Having quickly formed strong attachments to Hugo, Hector and Amber during their quarantine period, Ava joined the trio permanently in foster care where all four donkeys are now thriving together. 

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## **Horace and Henry** 

We also rescued Horace and Henry in April 2025 following concerns regarding their welfare and uncertain future. Horace arrived with a significant mobility abnormality likely caused by historic trauma or injury. While investigations suggested a longstanding condition, careful assessment indicated he was coping comfortably and without pain. Both boys settled well into a wonderful foster home and continue to receive ongoing monitoring and all the supportive care they need. 

## **Daisy Mae and Nancy** 

We also welcomed Daisy Mae and Nancy into our care after concerns arose surrounding Nancy’s severe sarcoid condition and the possibility of euthanasia, which would have left her lifelong companion Daisy Mae alone. Both girls were relinquished to Flicka and specialist veterinary intervention was arranged to assess and treat Nancy’s condition, giving her the opportunity for continued quality of life alongside her devoted friend in a foster home. 


## **Jacob** 

Jacob arrived at Flicka in May 2025, following the loss of his bonded companion. His owner had become increasingly concerned about his loneliness and declining emotional wellbeing. After introduction to our Twilight Herd, Jacob integrated seamlessly and has thrived in the company of other donkeys. His transformation once again highlighted the importance of companionship and social bonds for donkey welfare. 

## **Casper** 

Shortly afterwards (in June), the plight of Casper was brought to our attention - an elderly donkey who had spent his life giving rides and was reportedly destined for slaughter once he could no longer work. Casper was initially taken in for quarantine by a member of the Flicka team, but they fell in love with him, so he secured a permanent foster home there, where he now lives alongside five other donkeys, enjoying the retirement and care he so deserves. 


## **Daisy and Gertie** 

In July 2025, Daisy and Gertie came into our care under particularly difficult circumstances. Daisy had initially been scheduled for euthanasia due to extreme weight loss and concerns regarding suspected liver failure, while her companion Gertie also required veterinary attention. Upon arrival, both girls underwent extensive veterinary investigations which revealed that Daisy’s condition was far more manageable than initially feared. Intensive nutritional support, dental treatment, physiotherapy and ongoing veterinary care resulted in remarkable improvements in both donkeys, with Daisy in particular making an extraordinary recovery. Their case served as an important reminder of the specialist care often required by ageing donkeys and the significant improvements that can be achieved through experienced intervention and careful management. 

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## **Olga** 

Finally, in August 2025, Olga arrived following concerns raised by one of our veterinary partners regarding severe lameness and inadequate care. Following immediate veterinary treatment, diagnostic imaging and specialist farriery, Olga’s condition improved dramatically and she has since joined our Twilight Herd, where she is settling well and enjoying companionship and comfort in her later years. 

## **Ongoing Sanctuary Care** 

Just as per our report for 2022/2023, 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** 

Staffing necessity and the outgoing cost of wages continue to increase 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 grow as the charity gains a bigger profile. More staff are always needed. In May 2025, we were in a position to employ an Operations Manager and Estates Manager to oversee the day to day smooth running of our sanctuary operations and trading subsidiaries. 


## **Visitors** 

We were delighted to welcome many visitors to the sanctuary during the reporting period. Providing opportunities for the public to learn about our work and meet the donkeys remains an important part of our charitable mission, helping to raise awareness of donkey welfare while fostering support for the sanctuary. Visitor donations continue to represent a valuable source of income, but, as a relatively small working sanctuary, visitor numbers must be carefully managed to ensure that the 

welfare of the donkeys remains our primary focus and that the site operates within its capacity. As we do not charge an admission fee, ongoing efforts remain focused on encouraging voluntary donations, increasing on-site spending and promoting our Adopt a Donkey scheme. 

Our Adult and Junior Donkey Experience Days continued to perform strongly throughout the year, generating valuable unrestricted income while providing participants with an engaging and educational experience. A number of dates between April and September reached capacity well in advance and received very positive feedback from all attendees. 

## **Finances** 

## **Overview** 

Financially, the 2024/2025 year showed a strong performance for both our charity and trading arm. Whilst donations did decrease by £191,825, we saw an increase in income in other areas. Total consolidated income for the year was £1,804,574, with expenditure of £866,668. This gave a total surplus for the year of £937,906 - a strong increase of 39% from last year. 

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**Adopt a Donkey Scheme** 

2024/2025 showed an approximate 37% increase in virtual adoption donations via our Adopt a Donkey scheme. 

## **Donations** 

Donations decreased by £191,825 from the previous reporting year. 

## **Financial Position of Subsidiaries** 

The Gift Shop and Tea Bray’k Tearoom have been performing well, with increased sales in all areas. Despite costs having also increased, overall profits for the limited company have increased by 31%. 

The Online Shop generated revenue of £2,387.38 during the reporting period, representing an increase from £1,971.14 in the previous period. Performance continues to be particularly strong during the Christmas season, with almost half of total revenue generated in November and December. While this is positive, it also highlights opportunities to increase sales throughout the rest of the year through stronger promotion - something that we intend to address in the near future. 

All profits from trade were donated to our charity, in order to support our work rescuing and caring for donkeys in need, underlining the importance of trading income within our setup. 

## **Legacy Income** 

Legacy income continued to increase this year, rising by £513,458. This was largely down to a couple of sizable gifts and we remain wary of the continued growth in this area, as legacies remain inherently unpredictable when forecasting income. Legacy income has become an increasingly important source of funding for our charity however, and we recognise the need to integrate legacy fundraising into our long-term income strategy. We would like to extend our heartfelt thanks to those who have chosen to leave a gift in their will - this generosity makes a profound and lasting impact on our work. 

## **Reserves Policy** 

The Flicka Foundation has, at any one time, around 100 donkeys on site and around 15 – 20 horses and ponies. This does not include an additional 100 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 £1,200,000 to allow between 12 to 24 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. 

## **Investment Policy** 

We do not hold any complex investment products. Instead, we have continued to hold surplus funds in interest-bearing deposit accounts to preserve capital and provide for short-term funding needs with minimal risk. During the year, additional funds were allocated to these accounts to benefit from rising interest rates and optimise long-term cash returns. 

## **Designated Funds** 

Gerrick Rose Animal Trust gave us a wonderful grant of £30,000 to fund a brand-new, state-of-theart operating table for the Hospital in June 2025. We are incredibly grateful for their amazing ongoing support of our work for the donkeys. 

## **The Future** 

Wage payments and veterinary care 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, these 

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are costs we cannot control and they will undoubtedly continue to rise, not only with direct inflation, but the frequency of need. 

Despite a downturn in donations, and these ever-increasing costs of staff wages and animal care, we have increased our reserves considerably this year. With a healthy balance sheet and our new hospital close to being usable, we are confident that our charity is in a strong and stable position to continue to use our resources and income 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. 


## **Fundraising Statement** 

The Flicka Foundation is committed to maintaining the highest standards of fundraising in line with the Charities (Protection and Social Investment) Act 2016 to ensure transparency, honesty, and integrity. We ensure that all fundraising activities are carried out ethically and transparently, with the utmost respect for our supporters. This includes protecting vulnerable supporters and the public in all fundraising activities with the use of clear and respectful communication and a commitment to handling donor information securely and in accordance with GDPR regulations. The charity takes concerns about fundraising seriously and has a process in place to address complaints. The trustees regularly review fundraising policies and monitor activities to ensure compliance with legal and ethical obligations. 

Fundraising efforts include a range of internal and external initiatives to support the sanctuary’s work and ensure financial sustainability. 

- **Adopt a Donkey Scheme** – A key source of income, allowing supporters to sponsor individual donkeys in return for regular updates. 

- **Special Open Days** – Various themed events held throughout the year to engage with the public, educate visitors about our work and generate donations. 

- **Online Donations** – Secure donations via our website and through various digital platforms, making it easy for supporters to contribute. 

- **On-Site Donations** – Collection boxes and card donation facilities at the sanctuary encourage visitors to support our work. 

- **Fundraising Appeals** – Targeted campaigns to raise funds for specific needs, such as donkey rescue costs, medical care or sanctuary improvements. 

- **Feed and Bedding Appeals** – Appeals for donations of essential resources, which are always very successful. 

- **Grant Applications** – Seeking financial support from charitable trusts, foundations, and funding bodies to support our projects. 

- **Legacies** – Encouraging supporters to leave gifts in their wills to secure the long-term future of the sanctuary. 

- **Community fundraising** – Supporting community fundraising, including charity tin collections and sponsored events. 

16 



We remain committed to responsible fundraising practices and deeply appreciate the generosity and support of our donors, who enable us to continue our vital work caring for donkeys in need. 

## **Statement of Trustees Responsibilities** 

The trustees are responsible for ensuring that the charity operates in compliance with legal and financial regulations. In accordance with charity law and the Statement of Recommended Practice (SORP), the trustees are committed to maintaining high standards of financial governance and accountability. 

**Preparation of Financial Statements:** The trustees are responsible for preparing financial statements that give a true overview of the charity’s financial position. These statements are prepared in accordance with applicable laws and regulations, including the Charities Act 2011 and SORP (FRS 102). The trustees ensure that financial statements are accurate, transparent and reflect the charity’s financial performance and activities. 

**Accounting Records:** The trustees are responsible for keeping proper accounting records that clearly document all financial transactions. These records ensure that the financial statements can be accurately prepared and that the charity operates within its financial means. 

**Safeguarding the Charity’s Assets:** Trustees have a duty to safeguard the charity’s assets and ensure they are used solely to further the organisation’s charitable purposes. This includes managing risks effectively, implementing internal controls and ensuring that funds are used responsibly and in accordance with donor intentions. 

**Auditing:** Where required, trustees ensure that the charity’s financial statements are subject to an independent audit, in line with legal thresholds and regulations. This process ensures financial transparency, accountability and confidence in the charity’s financial management. 



25/06/2025 

17 



## **THE FLICKA FOUNDATION Registered Company Number: 08652312 Independent Auditor's Report** 

## **Opinion** 

We have audited the financial statements of The Flicka Foundation and its subsidiaries for the year ended 31 August 2025, which comprise the Consolidated Statement of Financial Activities, the Group and Charity Balance Sheets and Cashflow Statements and notes to the financial statements, including a summary of 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 FRS 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: 

- give a true and fair view of the state of the group's and the parent charity's affairs as at 31 August 2025 and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006 

## **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 Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charity 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 charitable company'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. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 

18 



In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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. 

## **Opinion on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: -the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the group and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns adequate for our audit have 

- not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit 

-the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees Responsibilities set out on page 17, the trustees (who are also the directors of the charitable company for the purposes 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 group and parent charity'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 group or parent charity or to cease operations, or have no realistic alternative but to do so. 

## **Our 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 a Report of the Independent Auditors 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. 

19 



From discussion with management and those charged with governance information about the entity is documented to assess the activity within the organisation. We discuss management's assessment of risk in respect of irregularities, fraud and going concern. 

Based on these discussions and our own assessments we determined that the key risk areas were income recognition in respect of cut off issues and management override concerning the size of the organisation. 

We set financial statement materiality level based on the level of income. As a not for profit organisation raising income is its primary focus which is why income was used to determine the level of materiality. Our overall assessment of risk was used to determine performance materiality at an appropriate level. 

Substantive audit tests were designed after assessing and performing walkthrough tests. The walkthrough testing confirmed documented systems which have been designed to act as a preventative measure against fraud and error which appear to be operating as documented. Substantive testing tested a sample of the population, representative of the population, to identify errors. The testing did not identify any material misstatements in areas tested. 

Audit substantive tests concluded no material errors over the key risk areas of income recognition and management override. 

The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' 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 group and the parent charity and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 


Stuart Mackie FCA (Senior Statutory Auditor) for and on behalf of MC Audit Limited Statutory Auditors 

Lake House 2 Port Way Port Solent Portsmouth PO6 4TY 

> Date: 25/06/2025 

20 



## **THE FLICKA FOUNDATION** 

## **Registered Company Number: 08652312 Consolidated Statement of Financial Activities (Incorporating an income and expenditure account) For the year ended 31 August 2025** 

|**Notes**<br>**Income from:**<br>Donations and legacies<br>**2**<br>Other trading activities<br>**3**<br>Investment Income<br>**4**<br>**Total income**<br>**Resources expended**<br>Raising funds<br>**5**<br>Charitable activities<br>**5**<br>Other trading activities<br>**5**<br>**Total resources expensed**<br>**Net incoming resources**<br>Transfer between funds<br>**Net movement in funds**<br>**Reconciliation of funds**<br>Total funds brought forward<br>**Total funds carried forward**|**2025**<br>**Unrestricted**<br>**Funds**<br>**£**<br>1,511,161<br>222,175<br>71,242<br>1,804,578<br>10,771<br>654,584<br>193,452<br>858,807<br>945,771<br>632,242<br>1,578,013<br>2,842,198<br>4,420,211|**2025**<br>**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>7,865<br>-<br>7,865<br>(7,865)<br>(632,242)<br>(640,107)<br>702,881<br>62,774|**2025**<br>**Total   Funds**<br>**£**<br>1,511,161<br>222,175<br>71,242<br>1,804,578<br>10,771<br>662,449<br>193,452<br>866,672<br>937,906<br>937,906<br>3,545,079<br>4,482,985|**2024**<br>**Total   Funds**<br>**£**<br>1,141,033<br>187,295<br>74,425<br>1,402,753<br>20,987<br>539,292<br>165,352<br>725,631<br>677,122<br>677,122<br>2,867,956<br>3,545,078|
|---|---|---|---|---|



All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movement in funds are disclosed in Note 22 to the financial statements. 

21 



## **THE FLICKA FOUNDATION** 

## **Registered Company Number: 08652312 Consolidated Statement of Financial Position As at 31 August 2025** 

|**Notes**<br>**Fixed assets**<br>Tangible assets<br>**12**<br>Investments<br>**13**<br>**Current assets**<br>Stocks<br>**16**<br>Debtors<br>**17**<br>Investments<br>**18**<br>Cash at bank and in hand<br>**Current Liabilities**<br>Creditors: amounts falling due<br>within one year<br>**19**<br>**Net current assets**<br>**Total assets less current**<br>**liabilities**<br>Creditors: amounts falling due<br>after one year<br>**Net assets**<br>**Funds**<br>**22**<br>Unrestricted funds<br>Restricted funds<br>**Total Funds**|**2025**<br>**2024**<br>**£**<br>**£**<br>1,725,543<br>1,255,481<br>-<br>-<br>1,725,543<br>1,255,481<br>24,276<br>18,486<br>230,333<br>181,967<br>2,020,470<br>1,335,988<br>531,007<br>815,115<br>2,806,086<br>2,351,556<br>48,646<br>61,958<br>2,757,440<br>2,289,598<br>4,482,983<br>3,545,079<br>-<br>-<br>4,482,983<br>3,545,079<br>4,420,209<br>2,842,198<br>62,774<br>702,881<br>4,482,983<br>3,545,079<br>**The Group**|**2025**<br>**2024**<br>**£**<br>**£**<br>1,668,918<br>1,213,178<br>1<br>1<br>1,668,919<br>1,213,179<br>-<br>-<br>315,926<br>249,175<br>2,020,470<br>1,335,988<br>513,812<br>796,544<br>2,850,208<br>2,381,707<br>36,140<br>49,806<br>2,814,068<br>2,331,901<br>4,482,987<br>3,545,080<br>-<br>-<br>4,482,983<br>3,545,078<br>4,420,209<br>2,842,199<br>62,774<br>702,881<br>4,482,983<br>3,545,078<br>**The Charity**|
|---|---|---|



The accompanying notes form an integral part of the financial statements. 

The financial statements were approved by the Trustees on 25/06/2026 



22 



## **THE FLICKA FOUNDATION** 

## **Registered Company Number: 08652312 Consolidated Statement of Cash Flows For the year ended 31 August 2025** 

|**Notes**<br>**Cash flows from operating**<br>**activities**<br>**28**<br>**Cash flows from investing**<br>**activities**<br>Interest receivable<br>Purchase of tangible fixed<br>assets<br>Disposal of tangible fixed<br>assets<br>**Net cash provided by**<br>**investing activities**<br>**Change in cash and cash**<br>**equivalents in the year**<br>Cash and cash equivalents at<br>the beginning of the year<br>**Cash and cash equivalents:**<br>Cash at bank and in hand<br>Short term deposits (included<br>in current asset investments)|**2025**<br>**2024**<br>**£**<br>**£**<br>859,000<br>592,847<br>71,242<br>74,425<br>(556,568)<br>(514,040)<br>26,705<br>22,200<br>(458,621)<br>(417,415)<br>400,379<br>175,432<br>2,151,102<br>1,975,671<br>2,551,481<br>2,151,103<br>531,011<br>815,115<br>2,020,470<br>1,335,988<br>2,551,481<br>2,151,103<br>**The Group**|**2025**<br>**2024**<br>**£**<br>**£**<br>845,206<br>574,631<br>71,242<br>74,425<br>(541,401)<br>(506,291)<br>26,705<br>19,200<br>(443,454)<br>(412,666)<br>401,752<br>161,965<br>2,132,533<br>1,970,568<br>2,534,285<br>2,132,533<br>513,815<br>796,544<br>2,020,470<br>1,335,988<br>2,534,285<br>2,132,533<br>**The Charity**|
|---|---|---|



23 



**THE FLICKA FOUNDATION Registered Company Number: 08652312 Notes to the Financial Statements** 

## **1 Accounting policies** 

## _**Basis of Preparation**_ 

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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective 1 January 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. 

These financial statements consolidate the results of the charity and its wholly-owned subsidiary Flicka Tea & Gifts Ltd on a line by line basis. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two entities are disclosed in the notes of the charities' balance sheet. 

## _**Public Benefit Entity**_ 

The charity meets the definition of a public benefit entity under FRS 102. 

## _**Going Concern**_ 

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 

The trustees are of the view that the immediate future of the Charity for the next 12 months is secure on the basis of confirmation of continuing income streams and fundraising activity to generate additional income streams. Accordingly, the financial statements have been prepared on the going concern basis. 

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. 

## _**Income**_ 

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. 

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probably that the income will be received and the amount can be measured reliably and is not deferred. 

For legacies, entitlement is taken at the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. 

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. 

24 



**THE FLICKA FOUNDATION Registered Company Number: 08652312 Notes to the Financial Statements** 

## _**Interest Receivable**_ 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the 

## _**Fund Accounting**_ 

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. 

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. 

Designated funds are unrestricted funds which have been set aside by the trustees for specific purposes. These designations are made for internal management purposes and do not restrict the trustees’ discretion to apply the funds. 

## _**Expenditure and Irrecoverable VAT**_ 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

Expenditure is classified under the following activity headings: 

* Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. * Expenditure on charitable activities includes the costs of delivering services and other educational activities undertaken to further the purposes of the charity and their associated support costs. 

* Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged against the activity for which the expenditure was incurred. 

## _**Allocation of Support Costs**_ 

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity. 

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. 

## _**Operating Leases**_ 

Rental charges are charged on a straight line basis over the term of the lease. 

25 



**THE FLICKA FOUNDATION** 

**Registered Company Number: 08652312 Notes to the Financial Statements** 

## _**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: 

Leasehold Improvements:      5% Straight Line Plant and equipment etc:      25% Reducing Balance Motor vehicles:                      25% Reducing Balance 

Freehold property is held at cost and is not revalued. The trustees review the carrying value of freehold property annually to assess whether any indicators of impairment exist. If such indicators are identified, the property is subject to an impairment review in accordance with FRS 102, and any impairment loss is recognised in the Statement of Financial Activities. 

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. 

## _**Investments in Subsidiaries**_ 

Investments in subsidiaries are at cost. 

## _**Debtors**_ 

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 and cash equivalents**_ 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm highly liquid investments with original maturities of twelve months or less. 

## _**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. 

## _**Financial Instruments**_ 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

26 



## **THE FLICKA FOUNDATION** 

**Registered Company Number: 08652312 Notes to the Financial Statements** 

|**2**<br>**Income from donations and legacies**<br>Adopt a donkey scheme<br>Donations<br>Gift aid<br>Legacies|**2025**<br>**£**<br>234,893<br>285,299<br>45,630<br>945,339<br>1,511,161|**2024**<br>**£**<br>194,630<br>477,124<br>37,398<br>431,881<br>1,141,033|
|---|---|---|



Restricted donations of £0 were received in 2025 (2024: £252,241). All other voluntary income was attributable to unrestricted funds in 2025 & 2024. Details of restricted funds are included within note 23. 

The charity has been notified of a potential legacy from an estate currently in administration at the balance sheet date. Due to uncertainty surrounding the final value and timing of receipt, no amount has been recognised in the accounts. 

|**3**<br>**Income from other trading activities**<br>Income from trading activities|**2025**<br>**£**<br>222,175<br>222,175|**2024**<br>**£**<br>187,295<br>187,295|
|---|---|---|



All income from other trading activities, was attributable to unrestricted funds in 2025 and 2024. 

|**4**<br>**Investment Income**<br>Interest receivable|**2025**<br>**£**<br>71,242<br>71,242|**2024**<br>**£**<br>74,425<br>74,425|
|---|---|---|



All income from investments was attributable to unrestricted funds in 2025 and 2024. 

27 



## **THE FLICKA FOUNDATION** 

## **Notes to the Financial Statements** 

## **5a Analysis of expenditure (current year)** 

|Staff costs (note 8)<br>Direct Costs<br>Advertising<br>Bank charges<br>Depreciation<br>IT & Telephone costs<br>Legal and professional costs<br>Office and administration<br>Other costs<br>Premises costs<br>Travel and subsistence<br>Audit and accountancy<br>Support costs<br>Governance costs<br>**Total expenditure**|**Raising**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>10,771<br>-<br>**10,771**|**Charitable**<br>**Activities**<br>**£**<br>312,119<br>144,155<br>-<br>9,747<br>58,959<br>-<br>8,012<br>-<br>12,390<br>81,854<br>11,431<br>-<br>**638,667**<br>10,772<br>13,010<br>**662,449**|**Other Trading**<br>**Activities**<br>**£**<br>58,704<br>93,505<br>-<br>8,087<br>844<br>741<br>4,220<br>-<br>6,253<br>21,098<br>-<br>-<br>**193,452**<br>-<br>-<br>**193,452**|**Governance**<br>**Costs**<br>**£**<br>1,250<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>11,760<br>**13,010**<br>-<br>(13,010)<br>**-**|**Support**<br>**Costs**<br>**£**<br>-<br>-<br>1,200<br>-<br>-<br>2,392<br>-<br>17,951<br>-<br>-<br>-<br>-<br>**21,543**<br>(21,543)<br>-<br>**-**|**Total**<br>**£**<br>372,073<br>237,660<br>1,200<br>17,834<br>59,803<br>3,133<br>12,232<br>17,951<br>18,643<br>102,952<br>11,431<br>11,760<br>**866,672**<br>-<br>-<br>**866,672**|
|---|---|---|---|---|---|---|



Expenditure includes £6,973 of depreciation charges of restricted assets. (2024 £7,131). All other expenses were attributable to unrestricted funds. 

28 



## **THE FLICKA FOUNDATION** 

## **Notes to the Financial Statements** 

## **5b Analysis of expenditure (prior year)** 

|Staff costs (note 8)<br>Direct Costs<br>Advertising<br>Bank charges<br>Depreciation<br>IT & Telephone costs<br>Legal and professional costs<br>Office and administration<br>Other costs<br>Premises costs<br>Travel and subsistence<br>Audit and accountancy<br>Support costs<br>Governance costs<br>**Total expenditure**|**Raising**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>10,094<br>-<br>-<br>-<br>-<br>-<br>**10,094**<br>10,893<br>-<br>**20,987**|**Charitable**<br>**Activities**<br>**£**<br>234,988<br>112,684<br>6,434<br>57,576<br>-<br>10,949<br>6,431<br>66,226<br>8,101<br>-<br>**503,389**<br>10,893<br>25,010<br>**539,292**|**Other Trading**<br>**Activities**<br>**£**<br>50,358<br>84,371<br>-<br>3,388<br>2,234<br>662<br>4,183<br>-<br>6,733<br>13,423<br>-<br>-<br>**165,352**<br>-<br>-<br>**165,352**|**Governance**<br>**Costs**<br>**£**<br>1,250<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>12,000<br>-<br>-<br>11,760<br>**25,010**<br>-<br>(25,010)<br>**-**|**Support**<br>**Costs**<br>**£**<br>-<br>-<br>1,009<br>-<br>-<br>2,905<br>17,872<br>-<br>-<br>-<br>-<br>**21,786**<br>(21,786)<br>-<br>**-**|**Total**<br>**£**<br>286,596<br>197,055<br>1,009<br>9,822<br>59,810<br>3,567<br>25,226<br>17,872<br>25,164<br>79,649<br>8,101<br>11,760<br>**725,631**<br>-<br>-<br>**725,631**|
|---|---|---|---|---|---|---|



Expenditure includes £7,131 of depreciation charges of restricted assets. (2023 £7,344). All other expenses were attributable to unrestricted funds. 

29 



## **THE FLICKA FOUNDATION** 

## **Registered Company Number: 08652312 Notes to the Financial Statements** 

|**6**|**Net income/(expenditure)**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||Net income/(expenditure) is stated after charging/(crediting):|||
||Depreciation|69,365|55,109|
||(Profit)/loss on disposal of fixed assets|(9,566)|4,702|
||Auditor's remuneration - audit services only|8,400|8,400|
||The auditor's remuneration of £8,400 relates solely to audit services; no non-audit||services were|
||provided during the year.|||



## **7 Trustees' remuneration and benefits** 

During the year, Judy Giles and Laurie Stephenson received remuneration for services provided to the charity, no other trustees received remuneration. The total remuneration paid to these trustees amounted to £21,750 (2024: £21,500). No trustee received remuneration for acting in their capacity as a trustee. 

The services provided were for day-to-day management services. The trustees consider that the remuneration paid was reasonable and in the best interests of the charity and that the arrangements comply with the charity's governing document and the relevant provisions of the Charities Act, which allow exceptions for trustees to be remunerated provided that a majority of trustees do not benefit in this way. 

## **Trustees' expenses** 

During the year, reimbursement of expenses amounting to £2,889 was made to Judy Giles, a trustee (2024: £712.85). 

These expenses represented costs necessarily incurred on behalf of the charity, including vehicle insurance and animal rescue and welfare expenditure paid personally by trustees and subsequently reimbursed by the charity. 

## **8 Staff costs** 

|**Number of employees**<br>The average number of employees during the year was:<br>Gift Shop/Tea Room Staff<br>Yard/Animal Welfare Staff<br>Administration Staff<br>**Employment costs**<br>Salaries and wages<br>Social security costs<br>Employer's contribution to defined contribution pension scheme.|**2025**<br>**NUMBER**<br>7<br>9<br>8<br>24<br>**2025**<br>**£**<br>341,340<br>16,497<br>4,207<br>362,044|**2024**<br>**NUMBER**<br>8<br>9<br>5<br>22<br>**2024**<br>**£**<br>266,021<br>9,393<br>3,336<br>278,750|
|---|---|---|



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

30 



## **THE FLICKA FOUNDATION** 

## **Registered Company Number: 08652312 Notes to the Financial Statements** 

The total employment benefits including employer pension contributions of the key management personnel were £60,034. (2024 - £60,006). Key management personnel comprises of 4 staff. 

- Judy Giles - Director 

- Laurie Stephenson - Director 

- Claire Turnbull - Development Manager 

- Fiona Morcom - Donkey Foster Welfare Manager 

## **9 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**<br>Employer's pension cost|**2025**<br>**£**<br>4,207<br>4,207|**2024**<br>**£**<br>3,336<br>3,336|
|---|---|---|



## **10 Related party transactions** 

There are no donations from related parties which are outside the normal course of business. 

The charity has taken advantage of the exemptions in FRS102, from disclosing transactions with other members of the group. 

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. 

## **11 Taxation** 

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 

The charity's trading subsidiary, Flicka Tea & Gifts Ltd, gift aids available profits to the parent charity. Its charge to corporation tax in the year was £nil (2024: £nil). 

31 



## **THE FLICKA FOUNDATION** 

## **Registered Company Number: 08652312 Notes to the Financial Statements 12 Tangible fixed assets** 

|**Group and charity**<br>**Cost**<br>At 1 September 2024<br>Additions<br>Disposals<br>At 31 August 2025<br>**Depreciation**<br>At 1 September 2024<br>Charge for the year<br>On disposals<br>At 31 August 2025<br>**Net book value**<br>At 31 August 2025<br>At 31 August 2024<br>**Charity**<br>**Cost**<br>At 1 September 2024<br>Additions<br>Disposals<br>At 31 August 2025<br>**Depreciation**<br>At 1 September 2024<br>Charge for the year<br>On disposals<br>At 31 August 2025<br>**Net book value**<br>At 31 August 2025<br>At 31 August 2024|**Land and**<br>**buildings**<br>**£**<br>1,263,932<br>472,587<br>-<br>1,736,519<br>138,976<br>30,292<br>-<br>169,268<br>1,567,251<br>1,124,956<br>**Land and**<br>**buildings**<br>**£**<br>1,225,004<br>457,420<br>-<br>1,682,424<br>138,976<br>30,292<br>-<br>169,268<br>1,513,156<br>1,086,028|**Plant and**<br>**machinery**<br>**etc**<br>**£**<br>230,257<br>44,929<br>(2,850)<br>272,336<br>127,498<br>29,328<br>(2,287)<br>154,539<br>117,797<br>102,759<br>**Plant and**<br>**machinery**<br>**etc**<br>**£**<br>225,757<br>44,929<br>(2,848)<br>267,838<br>126,373<br>28,485<br>(2,287)<br>152,571<br>115,267<br>99,384|**Motor**<br>**vehicles**<br>**£**<br>88,311<br>39,050<br>(40,327)<br>87,034<br>60,545<br>9,745<br>(23,751)<br>46,539<br>40,495<br>27,766<br>**Motor**<br>**vehicles**<br>**£**<br>88,311<br>39,050<br>(40,327)<br>87,034<br>60,545<br>9,745<br>(23,751)<br>46,539<br>40,495<br>27,766|**Total**<br>**£**<br>1,582,500<br>556,566<br>(43,177)<br>2,095,889<br>327,019<br>69,365<br>(26,038)<br>370,346<br>1,725,543<br>1,255,481<br>**Total**<br>**£**<br>1,539,072<br>541,399<br>(43,175)<br>2,037,296<br>325,894<br>68,522<br>(26,038)<br>368,378<br>1,668,918<br>1,213,178|
|---|---|---|---|---|



32 



## **THE FLICKA FOUNDATION** 

|**THE FLICKA FOUNDATION**|**THE FLICKA FOUNDATION**||||
|---|---|---|---|---|
|**Registered Company Number: 08652312**|||||
|**Notes to the Financial Statements**|||||
|**13**|**Investments**||||
||**Charity**||**Subsidiary**|**Undertakings**|
||||**2025**<br>**£**|**2024**<br>**£**|
||**Cost and net book value at 31 August**||1|1|
||Details of the subsidiary undertakings are set out below:||||
||Flicka Tea & Gifts Ltd|**County of**<br>**Incorporation**<br>England||**% Held**<br>100|



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

## **14 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 is used for non-primary purpose trading activities, in the form of operating a tea room and gift shop. All activities have been consolidated on a line by line basis on the statement of financial activities. Available profits are distributed to the parent charity. 

|**Summary of subsidiary results**<br>Turnover<br>Cost of sales<br>Gross profit<br>Administrative expenses<br>Profit on ordinary activities<br>Deed of covenant to parent undertaking<br>Profit for the financial year<br>The aggregate of assets, liabilities and funds was:<br>Assets<br>Liabilities<br>Funds|**2025**<br>**£**<br>222,175<br>(93,505)<br>128,670<br>(99,949)<br>28,721<br>(28,721)<br>-<br>98,098<br>(98,097)<br>1|**2024**<br>**£**<br>187,295<br>(84,371)<br>102,924<br>(80,981)<br>21,943<br>(21,943)<br>-<br>76,550<br>(76,549)<br>1|
|---|---|---|



Amounts owed to/from parent undertaking are shown in note 17. 

33 



## **THE FLICKA FOUNDATION Registered Company Number: 08652312 Notes to the Financial Statements** 

## **15 Parent Charity** 

The parent charity's gross income and the results for the year are disclosed as follows: 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Gross incoming resources|1,611,124|1,237,401|
|Result for the year|937,904|677,122|



Result for the year includes a donation from subsidiary undertaking of £28,721 (2024: £21,943). 

## **16 Stocks** 

|Stocks held for other trading<br>activities|**2025**<br>**2024**<br>**£**<br>**£**<br>24,276<br>18,486<br>24,276<br>18,486<br>**The Group**|**2025**<br>**2024**<br>**£**<br>**£**<br>-<br>-<br>-<br>-<br>**The Charity**|
|---|---|---|



Stocks held are used within the charity's trading subsidiary and used solely for trading activities. 

## **17 Debtors: amount falling due within one year** 

|Other Debtors<br>Prepayments<br>Amounts due from group<br>undertakings<br>Accrued income<br>Legacies receivable<br>**18**<br>**Current asset investments**<br>Short term deposits|**2025**<br>**2024**<br>**£**<br>**£**<br>534<br>1,434<br>10,463<br>10,048<br>-<br>-<br>31,828<br>43,883<br>187,509<br>126,604<br>230,334<br>181,967<br>**2025**<br>**2024**<br>**£**<br>**£**<br>2,020,470<br>1,335,988<br>2,020,470<br>1,335,988<br>**The Group**<br>**The Group**|**2025**<br>**2024**<br>**£**<br>**£**<br>534<br>1,434<br>10,463<br>10,048<br>85,592<br>67,207<br>31,828<br>43,883<br>187,509<br>126,604<br>315,926<br>249,175<br>**2025**<br>**2024**<br>**£**<br>**£**<br>2,020,470<br>1,335,988<br>2,020,470<br>1,335,988<br>**The Charity**<br>**The Charity**|
|---|---|---|



Investments in short term deposits have an original maturity of 12 months or less. At the balance sheet date the average maturity of the deposits was 12 months. The average interest rate was 4.18%. 

34 



## **THE FLICKA FOUNDATION** 

## **Registered Company Number: 08652312 Notes to the Financial Statements 19 Creditors: amounts falling due within one year** 

|Trade creditors<br>Taxation and social security<br>Other creditors<br>Accrued expenses|**2025**<br>**2024**<br>**£**<br>**£**<br>22,498<br>38,796<br>16,141<br>12,420<br>166<br>210<br>9,841<br>10,532<br>48,646<br>61,958<br>**The Group**|**2025**<br>**2024**<br>**£**<br>**£**<br>19,509<br>35,860<br>6,790<br>3,414<br>-<br>-<br>9,841<br>10,532<br>36,140<br>49,806<br>**The Charity**|
|---|---|---|



## **20 Analysis of group net assets between funds (current year)** 

|Unrestricted - General<br>Unrestricted - Designated<br>Restricted Funds|**Tangible Fixed**<br>**Assets**<br>**£**<br>1,724,114<br>-<br>1,429<br>1,725,543|**Net Current**<br>**Assets**<br>**£**<br>2,757,440<br>-<br>-<br>2,757,440|**Total**<br>**£**<br>4,481,554<br>-<br>1,429<br>4,482,983|
|---|---|---|---|



## **21 Analysis of group net assets between funds (prior year)** 

|Unrestricted - General<br>Unrestricted - Designated<br>Restricted Funds|**Tangible Fixed**<br>**Assets**<br>**£**<br>840,639<br>-<br>414,842<br>1,255,481|**Net Current**<br>**Assets**<br>**£**<br>1,881,559<br>120,000<br>288,039<br>2,289,598|**Total**<br>**£**<br>2,722,198<br>120,000<br>702,881<br>3,545,079|
|---|---|---|---|



35 



## **THE FLICKA FOUNDATION** 

## **Notes to the Financial Statements** 

## **22a Movements in funds (current year)** 

|**Unrestricted funds**<br>General<br>Designated - Equine Hospital<br>**Restricted funds**<br>Gerrick Rose Animal Charity<br>Support Adoption for pets<br>J Sainsburys<br>Equine Hospital<br>**Total funds**|**As at 1 Sep**<br>**2024**<br>**£**<br>2,722,196<br>120,000<br>2,842,196<br>68,736<br>1,237<br>666<br>632,242<br>702,881<br>3,545,077|**Income &**<br>**Gains**<br>**£**<br>1,804,578<br>-<br>1,804,578<br>-<br>-<br>-<br>-<br>-<br>1,804,578|**Expenses &**<br>**Losses**<br>**£**<br>858,807<br>-<br>858,807<br>6,495<br>413<br>957<br>-<br>7,865<br>866,672|**Transfers**<br>**between**<br>**funds**<br>**£**<br>752,242<br>(120,000)<br>632,242<br>-<br>-<br>-<br>(632,242)<br>(632,242)<br>-|**As at 31 Aug**<br>**2025**<br>**£**<br>4,420,209<br>-<br>4,420,209<br>62,241<br>824<br>(291)<br>-<br>62,774<br>4,482,983|
|---|---|---|---|---|---|



36 



## **THE FLICKA FOUNDATION** 

## **Notes to the Financial Statements** 

## **22b Movements in funds (prior year)** 

|**Unrestricted funds**<br>General<br>Designated - Equine Hospital<br>**Restricted funds**<br>Gerrick Rose Animal Charity<br>Support Adoption for pets<br>J Sainsburys<br>Equine Hospital<br>**Total funds**|**As at 1 Sep**<br>**2023**<br>**£**<br>2,289,451<br>120,000<br>2,409,451<br>75,231<br>1,650<br>1,623<br>380,000<br>458,504<br>2,867,955|**Income &**<br>**Gains**<br>**£**<br>1,150,511<br>-<br>1,150,511<br>-<br>-<br>-<br>252,242<br>252,242<br>1,402,753|**Expenses &**<br>**Losses**<br>**£**<br>717,766<br>-<br>717,766<br>6,495<br>413<br>957<br>-<br>7,865<br>725,631|**Transfers**<br>**between**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**As at 31 Aug**<br>**2024**<br>**£**<br>2,722,196<br>120,000<br>2,842,196<br>68,736<br>1,237<br>666<br>632,242<br>702,881<br>3,545,078|
|---|---|---|---|---|---|



37 



**THE FLICKA FOUNDATION Registered Company Number: 08652312 Notes to the Financial Statements** 

## **23 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 netbook 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. 

## **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. 

## **24 Purpose of designated funds** 

## **Equine Hospital** 

The trustees have designated unrestricted funds to support the completion of the Equine Hospital construction project, ensuring that adequate financial resources are set aside for this purpose. 

## **25 Analysis of restricted fixed assets** 

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

|**Cost**<br>At 1 September 2024<br>Additions<br>Surplus on revaluation<br>Disposals<br>At 31 August 2025<br>**Depreciation**<br>At 1 September 2024<br>Charge for the year<br>Surplus on revaluation<br>On disposals<br>At 31 August 2025<br>**Net book value**<br>At 31 August 2025<br>At 31 August 2024|**Restricted**<br>**land and**<br>**buildings**<br>**£**<br>474,128<br>430,116<br>-<br>(904,244)<br>-<br>61,192<br>6,496<br>-<br>(67,688)<br>-<br>-<br>412,936|**Restricted**<br>**plant and**<br>**machinery**<br>**£**<br>11,960<br>-<br>-<br>-<br>11,960<br>10,054<br>477<br>-<br>-<br>10,531<br>1,429<br>1,906|**Total**<br>**restricted**<br>**fixed assets**<br>**£**<br>486,088<br>430,116<br>-<br>(904,244)<br>11,960<br>71,246<br>6,973<br>-<br>(67,688)<br>10,531<br>1,429<br>414,842|
|---|---|---|---|



38 



## **THE FLICKA FOUNDATION Registered Company Number: 08652312 Notes to the Financial Statements** 

## **26 Analysis of restricted cash and cash equivalents** 

At the balance sheet date, the charity held the following cash and cash equivalent balances that were subject to restrictions: 

|Funds restricted for the Equine Hospital|**2025**<br>**£**<br>-<br>-|**2024**<br>**£**<br>288,039<br>288,039|
|---|---|---|



Restricted funds are held in separate bank accounts or otherwise earmarked within the charity's accounting systems to ensure they are only used for the purposes specified by the donors or funders. 

## **27 Analysis of designated cash and cash equivalents** 

At the balance sheet date, the charity held the following cash and cash equivalent balances that were held for designated purposes 

|Designated funds Equine Hospital|**2025**<br>**£**<br>-<br>-|**2024**<br>**£**<br>120,000<br>120,000|
|---|---|---|



Designated funds are held in separate bank accounts or otherwise earmarked within the charity’s accounting systems to ensure they are only used for the purposes specified by the trustees. While designated funds remain unrestricted and under the control of the trustees, they have been set aside to support the completion of the Equine Hospital construction project. 

## **28 Reconciliation of net income to net cash flow from operating activities** 

|**Net income for the reporting period**<br>Adjustments for:<br>Depreciation charges<br>(Profit)/Loss on disposal of fixed assets<br>Interest receivable<br>(Increase)/Decrease in stocks<br>(Increase)/Decrease in debtors<br>Increase/(Decrease) in creditors<br>**Net cash provided by operating activities**|**2025**<br>**£**<br>937,906<br>69,370<br>(9,566)<br>(71,242)<br>(5,790)<br>(48,366)<br>(13,312)<br>859,000|**2024**<br>**£**<br>677,122<br>55,109<br>4,702<br>(74,425)<br>3,232<br>(113,037)<br>40,144<br>592,847|
|---|---|---|



39 



## **THE FLICKA FOUNDATION Registered Company Number: 08652312 Notes to the Financial Statements** 

## **29 Comparatives for the statement of financial activities** 

|**Income from:**<br>Donations and legacies<br>Other trading activities<br>Investment Income<br>**Total incoming resources**<br>**Resources expended**<br>Raising funds<br>Charitable activities<br>Other trading activities<br>**Total resources expensed**<br>**Net Income**<br>**Reconciliation of funds**<br>Total funds brought forward<br>**Total funds carried forward**|**2024**<br>**Unrestricted**<br>**Funds**<br>**£**<br>888,791<br>187,295<br>74,425<br>1,150,511<br>20,987<br>531,427<br>165,352<br>717,766<br>432,745<br>2,409,451<br>2,842,196|**2024**<br>**Restricted**<br>**Funds**<br>**£**<br>252,242<br>-<br>-<br>252,242<br>-<br>7,865<br>-<br>7,865<br>244,377<br>458,504<br>702,881|**2024**<br>**Total   Funds**<br>**£**<br>1,141,033<br>187,295<br>74,425<br>1,402,753<br>20,987<br>539,292<br>165,352<br>725,631<br>677,122<br>2,867,955<br>3,545,077|**2023**<br>**Total   Funds**<br>**£**<br>816,691<br>162,962<br>15,707<br>995,360<br>9,567<br>528,680<br>136,878<br>675,125<br>320,235<br>2,547,720<br>2,867,955|
|---|---|---|---|---|



In the year ended 31 August 2024, the charity did not receive any income in relation to restricted funds. However, expenditure of £7,865 was incurred against restricted funds brought forward from previous periods. This expenditure related to activities funded by prior year restricted 

## **30 Operating Lease Commitments** 

The charity had no operating lease commitments payable as lessee at the balance sheet date (2024: £nil). 

## **31 Capital commitments** 

At the reporting date, the charity did not have any contractual commitments. 

## **32 Controlling party** 

The charity is controlled by its trustees. 

40