2021-11-30-accounts - Swan Lifeline

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SWAN LIFELINE

CHARITABLE INCORPORATED ORGANISATION NO. 1156995 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

SWAN LIFELINE CIO

Contents of the Financial Statements Year ended 30 November 2021

	Page
Report of the Trustees	1 - 2
Independent Examiner’s Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6 - 10

SWAN LIFELINE CIO

Report of the Trustees Year ended 30 November 2021

The trustees present their report with the financial statements of the charity for the year ended 30 November 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and Activities for the Public benefit

As the premier wildlife charity in the area, we offer a service to the public in promptly handling sick and injured birds. We do, if necessary, accept birds other than swans and we do care for several orphaned ducklings each year. We rescue and provide shelter and treatment to the birds, and we return them to the wild as soon as possible. Sheltered homes are sought for birds whose injuries make it impossible for them to cope in their natural habitat. We are in contact with The Edward Grey Institute of Field Ornithology at Oxford and the British Trust for Ornithology, to whom we supply records of birds ringed by the treatment centre.

Statistics - 1-Dec-2020 to 30-Nov-2021: Call Outs 321 Rescues 184 Rescue/Releases 49 Admissions 121 Releases 90 Euthanised 0

We aim to provide a professionally managed treatment centre to continue in perpetuity, not dependent upon any one person or group for its survival. We educate the public and schools about the incidence and effects of pollution and human activities on swans and other wildfowl on the UK's rivers and waterways and offer training in swan rescue and handling to the emergency services. We continue to expand our educational and work experience activities, especially for those with learning difficulties, and are actively in discussions with the Berkshire College of Agriculture to welcome students with educational needs.

Swan Lifeline is located on land on Cuckoo Weir Island, leased from Eton College at a peppercorn rent. The site includes staff accommodation, a hospital/treatment unit including an intensive care area, covered pens and ponds, and sheds for storage. The dedicated treatment room has veterinary-standard surgery facilities. Veterinary support is provided by a local Windsor veterinary practice. We have a conference building with an education area and meeting room.

Our work is possible only through donations, legacies and support from the general public, our sponsors, trustees and volunteers. Fundraising remained curtailed this year although there was limited activity with our online shop. We are expecting 2 legacies to be finalised in the coming months.

A new website was launched in November 2021 – https://swanlifeline.uk – which followed on from rebranding the charity with a new logo.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Swan Lifeline, Charitable Incorporated Organisation was founded in 1986. Swan Lifeline was registered with the Charity Commission for England and Wales in 1988 and changed to a Charitable Incorporated Organisation in 2014. It is governed by a constitution. Swan Lifeline is authorised by Natural England to rescue, treat and rehabilitate sick and injured swans.

SWAN LIFELINE CIO

Report of the Trustees Year ended 30 November 2021

Structure and management

The charity is governed by a Board of Trustees who can bring particular skills or expertise to the management of the charity.

We welcomed 3 new trustees in 2020/2021 and after 30 years of service, Elizabeth Kay Webb stepped down as Chair in August 2021; Dominic Smulders was voted as the new Chair in August 2021. As of 30 November 2021, we were actively recruiting new Trustees.

Trustee meetings are held on a periodic basis to review all areas of the charity’s activities. All trustees have hands-on involvement with the business of running the charity and treatment centre and are offered training in swan handling and rescues.

Members of the Board of Trustees give their time voluntarily and receive no benefits from the charity. A list of trustees during the period is detailed below.

STAFF AND VOLUNTEERS

Day-to-day management of the facilities is provided by paid staff. In addition, we have a group of committed volunteers. The Covid pandemic continued to limit the number of volunteers on site, and we were unable to accommodate work parties during this period: We have, however, continued to offer some students work experience. Some Swan Lifeline volunteers act as rescuers throughout the Thames Valley.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1156995

Trustees

Dominic Smulders (Chair) (appointed 13 January 2021) Hayley Lloyd Cindy Smulders (appointed 13 January 2021) Nicola Molnar MBE (appointed 4 October 2021) Elizabeth Kay Webb (resigned 31[st] August 2021)

Principle address

Cuckoo Weir Island Meadow Lane Eton Berkshire SL4 6SS

SWAN LIFELINE CIO

Independent Examiner’s Report to the Trustees of Swan Lifeline CIO Year ended 30 November 2021

Independent examiner’s report to the trustees of Swan Lifeline CIO

I report to the charity trustees on my examination of the accounts of Swan Lifeline CIO (the Trust) for the year ended 30 November 2021.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I 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:

Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
The accounts do not accord with those records; or
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 account to be reached.

Amanda Bond ACA 35 The Crescent Maidenhead Berkshire SL6 AG

30[th] August 2022

SWAN LIFELINE CIO

Statement of Financial Activities for the Year ended 30 November 2021

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1 Other trading activities Investment income Total income EXPENDITURE ON Raising funds Charitable activities Other – management and admin Total expenditure Net gain on investments NET (EXPENDITURE) AND NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward (2019: restated) TOTAL FUNDS CARRIED FORWARD	2021 £ 67,413 720 162 68,295 6,486 106,373 3,800 116,659 4,334 (44,030) 246,369 202,339	Restated 2020 £ 50,038 380 417
		50,835
		6,210 92,186 3,518
		101,914
		2,135
		(48,944)
		295,313
		246,369

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. All funds are unrestricted.

SWAN LIFELINE CIO

Balance sheet as at 30 November 2021

£ 1,000 6,218 78,555	£ 6,107 - 113,016	Restated 2020 £ 65,524 66,928
		132,452
		113,917
85,773	119,123
(8,428)	(5,206)

		246,369
		246,369
		246,369

These financial statements were approved by the Board of Trustees and authorised for issue on 30[th] August 2022, and are signed on its behalf by:

D. Smulders

N. Molnar

SWAN LIFELINE CIO

Notes to the Financial Statements for the Year ended 30 November 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The Financial statements have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure.

These financial statements have been prepared on a going concern basis. Although the charity has made losses during the year it continues to have positive reserves and the trustees are confident that it will continue to generate sufficient cash to meet its obligations as and when they fall due. The Trustees confirm that there are no material uncertainties about the charity’s ability to continue its activities for the foreseeable future.

Income

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

Legacy income is recognised when the Charity has confirmed entitlement of the legacy, when the amount can be accurately measured and when it is probable that they will receive the income.

Donations are recorded upon receipt.

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 benefit will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activates on a basis consistent with the use of resources.

Tangible fixed assets

Fixed assets are depreciated over their estimated useful lives. Equal amounts of depreciation are charged to each period in the life of the asset. The lives involved are as follows:

Equipment 8 years Leasehold land and buildings Over the duration of the lease Motor Vehicles 4 years

SWAN LIFELINE CIO

Notes to the Financial Statements (continued) for the Year ended 30 November 2021

1. ACCOUNTING POLICIES (continued)

Investments

Investments are initially recorded at cost, and subsequently measured at fair value at the balance sheet date. The fair value of investments is determined by reference to quoted market prices and valuations determined by independent fund managers.

The Statement of Financial Activities includes the net gains and losses arising on revaluations throughout the year.

Fund accounting

All funds received in the year are unrestricted in their application, the Trustees having full discretion over their use.

Financial instruments

Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument.

Financial assets are offset with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs,

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

SWAN LIFELINE CIO

Notes to the Financial Statements (continued) for the Year ended 30 November 2021

1. ACCOUNTING POLICIES (continued)

Prior Year Adjustments

In 2020 depreciation was not charged in accordance with accounting policies, therefore a Prior Year Adjustment of £12,888 has been made to the accounts.

Investments have been recategorized from Current Assets to Fixed Asset Investments for the current and the previous year. In accordance with FRS 102 Fixed Asset Investments have been measured at fair value, the net gain arising in prior years was £2,135 (2019: £4,793) and has been accounted for in the Statement of Financial Activity.

2. TANGIBLE FIXED ASSETS

COST Restated as at 1 Dec 2020 Additions As at 30 Nov 2021 DEPRECIATION Restated as at 1 Dec 2020 Charge As at 30 Nov 2021 NET BOOK VALUE At 30 Nov 2021 Restated at 30 Nov 2020	Leasehold land & building Equipment Motor vehicle Total £ £ £ £ 91,574 27,371 12,711 131,656 - 959 - 959
	91,574 28,330 12,711 132,615
	40,376 16,124 9,632 66,132 8,440 3,541 770 12,751
	48,816 19,665 10,402 78,883
	42,758 8,665 2,309 53,732
	51,198 11,247 3,079 65,524

SWAN LIFELINE CIO

Notes to the Financial Statements (continued) for the Year ended 30 November 2021

3. INVESTMENTS

Market value brought forward Gain in the year Market value carried forward Investments at market value comprised: Investment funds Cash as part of investment portfolio Value as at 30 November Historical cost at 30 November	2021 £ 66,928 4,334 71,262 69,697 1,565 71,262 60,000	Restated 2020 £ 64,793 2,135
		66,928
		64,924 2,004
		66,928
		60,000

Investments have been recategorised from Current Assets to Fixed Asset Investments for the current and the previous year.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Taxation and social security Accrued expenses	2021 £ 6,690 786 952 8,428	2020 £ 4,831 87 288
		5,206

5. TRUSTEES REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 30 November 2021 (2020: £nil).

Trustees’ expenses

There were no trustee’s expenses paid for the year ended 30 November 2021 (2020: £nil).

SWAN LIFELINE CIO

Notes to the Financial Statements (continued) for the Year ended 30 November 2021

6. FUNDS

Unrestricted funds General funds TOTAL FUNDS	Restated at 1 Dec 2019 Net movement in funds At 30 Nov 2021 £ £ £ 246,369 (44,030) 202,339
	246,369 (44,030) 202,339

Net movement in funds, included in the above are as follows:

Unrestricted funds General funds TOTAL FUNDS	Incoming resources Resources expended Investment gain/(loss) Movement in funds £ £ £ £ 68,295 (116,659) 4,334 (44,030)
	68,295 (116,659) 4,334 (44,030)

General funds are available to be spent in accordance with the charitable objectives of the Charity, as the trustees see fit.

7. RELATED PARTIES

There were no related party transactions for the year ended 30 November 2021, (2020: £nil).