: 

REGISTERED CHARITY NUMBER: 1158956 

| 

## Report of the Trustees and 

Unaudited Financial Statements for the Year Ended 31 October 2021 

for 

Mahouts Foundation 



Mahouts Foundation 

Contents of the Financial Statements for the Year Ended 31 October 2021 

|||Page||
|---|---|---|---|
|Reference and Administrative Details||1||
|Report ofthe Trustees|2|to|3|
|Independent Examiner's Report||4||
||||||
|Statement of Financial Activities||5||
|Balance Sheet||6||
|Notes to the Financial Statements|7|to|11|
|DetailedStatementofFinancialActivities|12|to|13|





. Mahouts Foundation 

Reference and Administrative Details for the Year Ended 31 October 2021 

TRUSTEES Mrs Sarah Blaine Mr Tim Hodgetts Dr Felix Blaine Mr Paul Haidon Mr David Mullen Mrs Jennifer Mullen 

PRINCIPAL ADDRESS Harran Peopleton Pershore WR10 2EA REGISTERED CHARITY 1158956 NUMBER 

INDEPENDENT EXAMINER = Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY 

] 

Page 1 



: Mahouts Foundation 

Report of the Trustees 

for the Year Ended 31 October 2021 

The trustees present their report with the financial statements of the charity for the year ended 31 October 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 aims 

Mahouts Foundation is a family run foundation working to improve welfare with captive Elephants working in the tourism industry. The Foundation works in Thailand, Europe, also raising awareness in the UK collaborating with tour companies and educating tourists visiting Asia. It is also active in both rescues and ongoing research. 

## Social investments 

There are no restrictions as to where funds may be invested, but policy has to be agreed by the Trustees and the Management Committee. 

## FINANCIAL REVIEW 

## Principal funding sources 

Of the £20,248 (2020: £55,039) income for the period, 59% (2020: 73%) came from european grants and donations including Just Giving. 

More details about income for the period and the Charity's financial position at the end of the period are shown in the Financial Statements on pages6 to 7. 

## Principal Expenditure Items 

Donations totalling £40,092 (2020: £52,023) formed 67% (2020: 38%) of total expenditure. The valuable time given by unpaid volunteers, including trustees, is not quantified and not included in this figure. 

## Reserves policy 

The board has set a reserve equivalent to at least one month's operating costs. Reserves of £161,936 (2020:£187,320) were available by the year ended October 2021. 

## Funds in deficit 

The charity received income totalling £34,587 (2020: £75,013) . After payments of outgoing expenses totalling £59,971 (2020: £137,565), the charity was left with a deficit of £25,384 (2020: £62,552) for the year 

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed oftrust and constitutes an unincorporated charity. 

Mahouts Foundation is registered as a charity with the Charity Commission. It is governed by a Constitution, a copy of which is available from the charities office. The Trustees are required to act in the best interest of the Charity and its beneficiaries. Training and information provided includes advice about the role of Trustees and Charity law. The Trustees make no personal gain from the Charity. 

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Mahouts Foundation 

Report of the Trustees for the Year Ended 31 October 2021 

## STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure 

The Trustees are elected in accordance with the constitution. 

## Financial Controls 

The Trustees have overall contro! of the organisation's finances. The daily management of the organisation's activities is delegated to the Executive Committee. 

Approved by order of the board of trustees on 11 May 2022 and signed on its behalf by: 

Mrs Sarah Blaine - Trustee 

Page 3 



: Independent Examiner's Report to the Trustees of Mahouts Foundation 

Independent examiner's report to the trustees of Mahouts Foundation | report to the charity trustees on my examination of the accounts of Mahouts Foundation (the Trust) for the year ended 31 October 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’). 

| 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 | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## Independent examiner's statement 

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

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

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

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

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

Askir Ali ACCA Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY Y, Date: se ie ea 

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: Mahouts Foundation 

Statement of Financial Activities 

for the Year Ended 31 October 2021 

|||||31.10.21|31.10.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM||||||
|Donations and legacies||20,249|-|20,249|55,039|
|Charitable activities||||||
|Sales||14,338|-|14,338|19,974|
|Total||34,587|-|34,587|75,013|
|EXPENDITURE ON||||||
|Raising funds|2|10,794|-|10,794|16,516|
|Charitable activities||||||
|Elephant projects||40,092|-|40,092|59,772|
|Other||9,085|-|9,085|61,277|
|Total||59 971|-|59,971|137,565|
|NET INCOME/(EXPENDITURE)||(25,384)|-|(25,384)|(62,552)|
|RECONCILIATION OF FUNDS||||||
|Total funds brought forward||187 320|-|187,320|249 872|
|TOTAL.FUNDSCARRIEDFORWARD||161,936|-|161,936|187320|



The notes form part of these financial statements 

Page 5 



. 

Mahouts Foundation 

## Balance Sheet 

31 October 2021 

|||||31.10.21|31.10.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|FIXED ASSETS||||||
|Tangible assets|5|3,091|-|3,091|4,122|
|CURRENT ASSETS||||||
|Cash at bank||158,845|-|158,845|183,648|
|CREDITORS||||||
|Amounts falling due within one year|6|-|-|-|(450)|
|NETCURRENTASSETS||158,845|-|158,845|183,198|
|TOTAL ASSETS LESS CURRENT||||||
|LIABILITIES||161,936|-|161,936|187,320|
|NETASSETS||161,936|-|161,936|187,320|
|FUNDS|7|||||
|Unrestricted funds||||161,936|187,320|
|TOTALFUNDS||||161,936|187,320|



The financial statements were approved by the Board of Trustees and authorised for issue on 11 May 2022 and were signed on its behalf by: 

Mrs Sarah Blaine - Trustee 

Dr Felix Blaine - Trustee 

The notes form part of these financial statements 

, 

Page 6 



Mahouts Foundation 

Notes to the Financial Statements for the Year Ended 31 October 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. 

## Income 

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

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

## Tangible fixed assets 

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

## Taxation 

The charity is exempt from tax on its charitable activities. 

## Fund accounting 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

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

Page 7 

continued... 



' 

Mahouts Foundation 

. 

Notes to the Financial Statements - continued for the Year Ended 31 October 2021 

2. RAISING FUNDS 

|Raising donations and legacies|||
|---|---|---|
||31.10.21|31.10.20|
||£|£|
|Guest trip & labour|8,751|11,192|
|Support costs|2,043|5,324|
||10,794|16,516|



3. TRUSTEES’ REMUNERATION AND BENEFITS 

There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year ended 31 October 2020. 

## Trustees’ expenses 

There were no_ trustees' expenses paid for the year ended 31 October 2021 nor for the year ended 31 October 2020. 

|4.|COMPARATIVES FORTHE STATEMENT OF|COMPARATIVES FORTHE STATEMENT OF|FINANCIAL ACTIVITIES|FINANCIAL ACTIVITIES||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||||£|£|£|
||INCOME AND ENDOWMENTS|FROM||||
||Donations and legacies||5,244|49,795|55,039|
||Charitable activities|||||
||Sales||19,974|-|19,974|
||Total||25,218|49,795|75,013|
||EXPENDITURE ON|||||
||Raising funds||16,516|-|16,516|
||Charitable activities|||||
||Elephant projects||9977|49,795|59,772|
||Other||61,277|-|61,277|
||Total||87,770|49,795|137,565|
||NET INCOME/(EXPENDITURE)||(62,552)|-|(62,552)|
||RECONCILIATION OF FUNDS|||||
||Total funds brought forward||249 872|-|249,872|
|||Page8||continued...||





: Mahouts Foundation 

## Notes to the Financial Statements - continued for the Year Ended 31 October 2021 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|4.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|-|continued|
|Unrestricted|Restricted|Total|
|fund|fund|funds|
|£|£|£|
|TOTAL|FUNDS|CARRIED|
|FORWARD|187|320|-|187,320|
|5.|TANGIBLE|FIXED|ASSETS|
|Motor|
|vehicles|
|g|
|COST|
|At|1|November|2020|and|
|31|October|2021|7,328|
|DEPRECIATION|
|At|1|November|2020|3,206|
|Charge|for|year|1,031|
|At|31|October|2021|4,237|
|NET|BOOK|VALUE|
|At|31|October 2021|3,091|
|At|31|October 2020|4,122|
|6.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|31.10.21|31.10.20|
|£|£|
|Trade|creditors|-|450|
|7.|MOVEMENT|IN|FUNDS|
|Net|
|At|movement|At|
|1.11.20|in|funds|31.10.21|
|£|£|£|
|Unrestricted|funds|
|General|fund|187|320|(25,384)|161,936|
|TOTAL FUNDS|187|,320|(25,384)|161,936|

**----- End of picture text -----**<br>


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continued... 



‘ 

Mahouts Foundation 

Notes to the Financial Statements - continued for the Year Ended 31 October 2021 

## 7. MOVEMENT IN FUNDS - continued 

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


**----- Start of picture text -----**<br>
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|34,587|(59,971)|(25,384)|
|TOTAL FUNDS|34,587|(59,971)|(25,384)|
|Comparatives|for movement|in|funds|
|Net|
|At|movement|At|
|1.11.19|in|funds|31.10.20|
|£|£|£|
|Unrestricted|funds|
|General|fund|249,872|(62,552)|187,320|
|TOTAL|FUNDS|249|872|(62,552)|187,320|
|Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:|
|incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|25,218|(87,770)|(62,552)|
|Restricted|funds|
|Restricted|49,795|(49,795)|-|
|TOTAL FUNDS|75,013|(137,565)|(62,552)|

**----- End of picture text -----**<br>


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continued... 



: 

Mahouts Foundation 

Notes to the Financial Statements - continued for the Year Ended 31 October 2021 

## 7. MOVEMENT IN FUNDS- continued 

A current year 12 months and prior year 12 months combined position is as follows: 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|Net|
|At|movement|At|
|1.11.19|in|funds|31.10.21|
|£|£|£|
|Unrestricted|funds|
|General|fund|249,872|(87,936)|161,936|
|TOTAL FUNDS|249|872|(87,936)|161,936|

**----- End of picture text -----**<br>


A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|59,805|(147,741)|(87,936)|
|Restricted|funds|
|Restricted|49,795|(49,795)|-|
|TOTAL FUNDS|109,600|(197,536)|(87,936)|

**----- End of picture text -----**<br>


## 8. RELATED PARTY DISCLOSURES 

There were no related party transactions for the year ended 31 October 2021. 

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7 

Mahouts Foundation 

|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 October 2021|||
||31.10.21|31.10.20|
||£|£|
|INCOME AND ENDOWMENTS|||
|Donations and legacies|||
|Donations<br>Grants|254<br>19,995|5,244<br>49,795|
||20,249|55,039|
|Charitable activities|||
|Sales|12,246|7,098|
|Visitor's fee|2,092|12,876|
||14,338|19,974|
|Total incoming resources|34,587|75,013|
|EXPENDITURE|||
|Raising donations and legacies|||
|Guest trip & labour|8,751|11,192|
|Charitable activities|||
|Elephant projects|40,092|52,023|
|Support costs|||
|Management|||
|Insurance|114|984|
|Marketing & photography|-|2,485|
||114|3,469|
|Finance|||
|Wages<br>Bank charges|6,864<br>198|40,399<br>472|
||7,062|40,871|
|Other|||
|Telephone|-|803|
|Postage and stationery|-|149|
|Travel & accommodation<br>Training<br>Carriedforward|800<br>-<br>800|6,725<br>6,779<br>14,456|



This page does not form part of the statutory financial statements 

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- 

Mahouts Foundation 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Detailed|Statement|of|Financial|Activities|
|for|the|Year|Ended|31|October|2021|
|31.10.21|31.10.20|
|£|£|
|Other|
|Brought|forward|800|14,456|
|Admin|expenses|42|2,341|
|Professional|fee|-|192|
|Fundraising|cost|11|971|
|Repairs|&|maintenance|-|1,059|
|R|&|D|expenses|-|7,749|
|Website|cost|232|57|
|Computer|costs|36|-|
|Depreciation|of tangible|fixed|assets|1,031|1,374|
|2,152|28,199|
|Governance|costs|
|Accountancy|and|legal|fees|1,800|1,811|
|Total|resources|expended|59|971|137,565|
|Net expenditure|(25,384)|(62,552)|

**----- End of picture text -----**<br>


This page does not form part of the statutory financial statements 

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