**Charity Number: 1159571**
## **THE HUMANE EDUCATION SOCIETY**
Report of the Trustees and financial statements for the year ended 31 December 2020
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## **CONTENTS**
||Page||
|---|---|---|
|Trustees and Advisers||2|
|Trustees’ Report|3||
|Independent Examiner’s Report||9|
|Statement of Financial Activities||10|
|Balance Sheet|11||
|Statement of Cash Flows|12||
|Notes to the Accounts||13|
|Revenue Account|19||
|Expenditure Account|20||
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THE HUMANE EDUCATION SOCIETY
## **TRUSTEES AND ADVISERS**
**HONORARY PRESIDENT** Mrs L Dutton **TRUSTEES** Mrs J Thompson Mr C Barton Mrs A Brenninkmeijer Dr E Broadbelt Mrs C Brown Dr C Reed **CHARITY NUMBER** 1159571 **REGISTERED OFFICE** The Animal Sanctuary Newgate Wilmslow Cheshire SK9 5LN **BANKERS** NatWest plc 4 Grove Street Wilmslow Cheshire SK9 1EJ **FINANCIAL ADVISER** Renzo Giovannini Cheshire Wealth Consultancy St James’s Place Wealth Management 22a Victoria Road Hale WA15 9AD **INDEPENDENT EXAMINER** Mr A Pannell ACA CTA 8, Arlington Crescent Wilmslow Cheshire SK9 6BJ
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THE HUMANE EDUCATION SOCIETY
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **INTRODUCTION**
The Trustees of the Humane Education Society present their annual report for the year ended 31[st] December 2020 under the Charities Act 2011, together with the financial statements for the year. The financial statements comply with the Charities Act 2011; the charity’s governing document, and 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[st] January 2015).
## **STRUCTURE, GOVERNANCE AND ADMINISTRATION**
The charity is a Charitable Incorporated Organisation (CIO) with a constitution, and was registered with the Charities Commission in December 2014.
The Board of Trustees is responsible for the day to day governance and administration of the CIO. Decisions regarding rehoming and animal welfare are delegated to the staff except when significant veterinary fees are involved. Then the trustees will deliberate with the staff on the best way forward.
The Board of Trustees is responsible for the appointment of new trustees. New trustees will only be appointed after due consideration is given to their eligibility, personal competence and skills. New trustees, when appointed, are inducted into the working of the CIO by the existing trustees.
The Annual General Meeting of the charity was held via Zoom on Monday 26[th] October 2020, and at this meeting Mr Colin Barton and Dr Celia Reed were re-elected as Trustees. At the end of the meeting the Chair of Trustees, Mrs Janet Thompson, announced her intention to resign from the Board with effect from the 31[st] December 2020. At the next meeting of the Board of Trustees on 9[th] December 2020 Mr Colin Barton was elected Chair of the Trustees and it was decided to invite Mrs Elaine van der Zeil to join the Board. These decisions will be ratified by the members at the next Annual General Meeting.
The Trustees have identified the major risks to which the CIO is exposed, and have put procedures in place to manage those risks.
## **OBJECTIVES AND ACTIVITIES**
The objectives of the CIO are:
1. to promote the education of young people and adults in the humane principles and right treatment of all living creatures; and
2. to promote humane behaviour towards animals by taking into its animal sanctuary animals that need care and attention due to sickness,
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maltreatment or poor circumstances, and treating and caring for them until they can be found homes.
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)**
The CIO achieves these objectives by organising educational talks and visits to/from schools and groups, by providing volunteering opportunities, by offering work placements for secondary school pupils, college and university students, and by effectively running the Wilmslow Animal Sanctuary. Donations, legacies and grants received, together with the fundraising activities of the volunteers, provide the necessary funds for these activities.
## **FINANCIAL REVIEW**
A summary of the year’s results can be found on page 10 of this document.
## **Income**
During 2020 the total income was £210,052 as compared to £157,005 in 2019, with an increase of around £40,000 in donations. Towards the end of 2020 we received two substantial donations (£15,000 each) in response to an appeal for help towards renovating our horse barn. The new website has proved to be a valuable source of donations. In addition, the charity signed up for Facebook Charitable Giving Tools which allows Facebook users to donate without leaving the page. A Christmas advent calendar appeal raised over £1,000 in this way.
This increase in donations compensated for the loss of fundraising revenue due to the coronavirus pandemic. We were unable to hold any of our usual on-site fundraising events during 2020, or to attend external events such as car boot sales and the local Artisan market. However, our volunteers were undeterred and organised small events, which allowed for social distancing, outside their homes. These cake, plant and bric-abrac sales raised over £2,500 and compensated for the loss of the Easter and Halloween events. A “Virtual pet Show” in which supporters sent in photographs of their pets also proved both popular and profitable. The Sanctuary hosted a “Bake Off” followed by an afternoon tea event to enjoy the entries and this was also a great success. These new ideas are likely to become firm favourites in our fundraising calendar. EBay sales were initially halted as volunteers were unable to post items, but once lockdown had eased they recovered well as volunteers had more time to list items and many buyers preferred to shop online. Altogether around £8,000 was raised from sales of donated items. The combination of innovative events and the generosity of our supporters and the general public meant that our income from appeals and fundraising was not significantly affected by the unusual circumstances of 2020.
However, the financial markets were affected both by Brexit and the pandemic, and the Trustees were unsurprised when the end of year valuation of our investments showed
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that they had lost ground during 2020. This loss was only £15,062 (under 4% of the value of the investments), and the Trustees are confident that it will be recouped in future years; the investment was always considered to be a long term strategy.
We would like to thank all those who remembered us in their wills, in particular Betty Blackwood (£53,000)
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)**
## **Expenditure**
Total expenditure in 2020 was £214,079 compared to £198,997 in 2019. Two factors resulted in an increase in salary costs during 2020. During the Spring lockdown an additional member of staff was employed in order to facilitate dividing the staff into two completely separate teams. This step was taken in order to minimise the problems that would occur if a member of staff were to contract COVID-19. At the end of the year another member of staff was employed for maternity cover which created a second period in which there were six paid staff rather than the usual five. There was also an increase of around £10,000 in ‘Repairs and Renewals’ in 2020 compared to 2019 due to the extensive drainage work undertaken. A major capital project the Society undertook in 2020 was the extension and refurbishment of the office to provide more functional office and storage spaces, to install a small kitchen and to create a large new room to be used for education and fundraising. Together with the capitalised cost of the new septic tank this resulted in the increase in Fixed Assets of £113,638
## **ACHIEVEMENTS**
Throughout 2020 the Trustees held regular meetings to manage the affairs of the CIO and to develop strategies for moving it forward. Major achievements of 2020 included:
1. Continuing to provide high standards of animal care and to rehome animals during the extremely challenging conditions of a pandemic and national lockdowns
2. Building the new education centre (the Dutton Room) and refurbishing the office and storage areas
3. Installing adequate drainage around the Horse Barn
4. Installing a new waste water system
## The Sanctuary during the pandemic
Under normal circumstances the Sanctuary staff rota is such that, during any one week, each of the staff works closely with all the other staff members. Under Government regulations for the first national lockdown in March 2020, should one member of staff test positive for COVID-19 then the whole staff team would have had to self-isolate. To avoid this potential calamity, the Trustees appointed a sixth member of staff on a temporary
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THE HUMANE EDUCATION SOCIETY
contract, and divided the staff into two teams of three. The rota was reorganised so the two teams never met, ensuring that only one team would have to self-isolate should a member contract COVID. A list of people who could be employed if this situation were to occur was also drawn up. At the same time rehoming stopped and the Sanctuary was closed to volunteers. Fortunately, this strategy was successful and the staff were able to continue to provide the Sanctuary residents with the high standards of care they were used to. We commend the staff for the care they took in both their professional and personal lives to protect themselves, and thus the Sanctuary, from COVID.
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 (continued** )
When lockdown was eased during late spring and early summer, new rehoming protocols were developed. In order to maintain social distancing, it was essential to limit the number of people on site at any one time, and home checks could not continue in the same form as before. Potential adopters were asked to register their interest in a particular animal through an online form, and their address was checked to ensure it complied with the Sanctuary’s rehoming guidelines. Then a ‘virtual’ home check was carried out through Facetime or Zoom, and a volunteer drove past the home to check that the surroundings were safe and secure. For rabbits and small animals, adopters were asked to send photos and dimensions of the cages the animal would be living in. Only after all this had been completed were members of the public given an appointment to visit the Sanctuary and their chosen animal. This was found to be a very streamlined system that resulted in almost all those who had appointments reserving an animal, and will continue in a post-pandemic future. Rehoming figures for 2020 (see table below) were lower than usual due to the pandemic. Not only was the Sanctuary closed for 3 months, but new procedures in place at the vets have meant that they could not see as many animals and it was more difficult to get appointments, particularly for surgical procedures.
**----- Start of picture text -----**
Animal Admitted Returned Rehomed
Cat/Kitten 176 1 107
Rabbit 5 0 6
Guinea Pig 5 0 5
Equine 0 0 1
Other 11 0 9
**----- End of picture text -----**
The Dutton Room
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THE HUMANE EDUCATION SOCIETY
During the course of 2019 plans for a new education centre and a restructuring of the old office building were drawn up, the project put out to tender and a builder appointed. Work started in January and was making good progress when the nation went into lockdown. Even when builders were allowed back to work, a shortage of materials meant that progress was very slow. However, by early summer the building work was finished and the Sanctuary Monday Men started the huge task of decorating the whole building. The new education centre was named the Dutton Room in honour of former trustee Lin Dutton, who was passionate about both education and animals, and who played a major role in the development of the charity. Unfortunately, we were not able to welcome any groups to the Sanctuary during 2020 so the Dutton Room has not been used for its primary purpose. However, it proved invaluable for our summer afternoon tea fundraising event, and the new office and storage spaces are light, warm and fit for purpose.
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)**
## Horse Barn Drainage
In recent winters with heavy rain there had been an issue with the drainage around the barn, resulting in one or two of the stables getting wet floors. This was considered to be an animal welfare issue and so French drains were dug around the barn and new land drains installed in the surrounding paddocks. As a result, during wet weather in the autumn, the paddocks remained reasonably dry and the problem of water seeping into the stables was resolved.
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THE HUMANE EDUCATION SOCIETY
## Waste Water Treatment
The septic tank at the Sanctuary was very old and prone to overflow a little in very wet weather. This was not a health issue, but did cause the area outside the office to be rather smelly. With the construction of the new extension, and in accordance with new Governmental regulations, a new waste water system was installed to one side of the car park.
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
Charity law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its financial activities for the period together with its assets and liabilities at the end of the period, and to adequately distinguish any material special trust or other restricted funds of the charity. In preparing these financial statements the Trustees are required to:
- a) Select suitable accounting policies and apply them consistently
- b) Make judgements and estimates that are reasonable and prudent
- c) State whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)**
- standards, subject to any material departures disclosed and explained in the financial statements, and
- d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the Trustees:
**----- Start of picture text -----**
Colin Barton
(Chair of Trustees)
**----- End of picture text -----**
Date
…………………………….
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THE HUMANE EDUCATION SOCIETf
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## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
||**Unrestricted/**|**Unrestricted/**|
|---|---|---|
|**Note**
**s**|**Total Funds**|**Total Funds**|
||**2020**|**2019**|
||**£**|**£**|
|**Income from**|||
|Donations and legacies :|||
|Legacies|54,461|40,283|
|Subscriptions and donations|154,404|114,487|
||||
|Investments (bank interest)|1,187|2,235|
||||
|**Total Income**|210,052|157,005|
||||
|**Expenditure on :**|||
|Charitable Activities
**2**|214,079|198,997|
||||
|**Total Expenditure**|214,079|198,997|
||||
|**Net Income/(expenditure) on**
**charitable activities**|(4,027)|(41,992)|
||||
|Net gains (losses) on Portfolio Investment
**5**|(15,062)|48,136|
||||
|**Total Net Income/(expenditure) for**
**the year**|(19,089)|6,144|
||||
|**Reconciliation of Funds**|||
||||
|Total funds Brought forward|1,135,609|1,129,465|
||||
|**Total Funds Carried Forward**|1,116,520|1,135,609|
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THE HUMANE EDUCATION SOCIETY
The notes on pages 13-18 form part of these financial statements
## **BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2020**
||||||
|---|---|---|---|---|
|**Not**
**es**|**2020**||**2019**||
||**£**|**£**|**£**|**£**|
|**Fixed Assets**|||||
||||||
|Tangible Assets
**4**||205,406||113,189|
||||||
|Investments
**5**||390,574||405,636|
||||||
|**Total Fixed Assets**||595,980||518,825|
||||||
||||||
|Debtors
**6**|5,501||4,290||
||||||
|Cash at bank and in hand|522,36
8||622,05
8||
||||||
|**Total current Assets**|527,86
9||626,34
8||
||||||
|Creditors|||||
|amounts falling due within one year
**7**|(7,329)||(9,564)||
||||||
|**Net Current Assets**||520,540||616,784|
||||||
|**Total Net Assets**||1,116,52
0||1,135,60
9|
||||||
|**The Funds of the Charity**|||||
|Unrestricted Funds
**9**||1,116,520||1,135,60
9|
||||||
||||||
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The notes on pages 13-18 form part of these financial statements
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020**
||||
|---|---|---|
|**Notes**|**2020**|**2019**|
||**£**|**£**|
||||
|**Cash fows from operating activities:**|||
|**Net cash provided by operating**
**activities**
**10**|12,761|(19,813)|
||||
|**Cash fows from Investing Activities**|||
|Interest Income|1,187|2,235|
|Purchase of Tangible Fixed Assets|(113,638)|(2,152)|
||||
|**Net Cash used in investing activities**|(112,451)|83|
||||
|**Cash fows from fnancing activities**|||
||||
|**Change in cash and cash**
**equivalents**|(99,690)|(19,730)|
|**in the reporting period**|||
|**Cash and cash equivalents at the**|622,058|641,788|
|**beginning of the reporting period**|||
||||
|**Cash and cash equivalents at the**
**11**|522,368|622,058|
|**end of the reporting period**|||
||||
||||
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THE HUMANE EDUCATION SOCIETY
**Approved on behalf of the Trustees**
**----- Start of picture text -----**
……………………………….. ………………………………..
C Barton - Trustee C Reed - Trustee
………………………………. ………………………………..
Date Date
**----- End of picture text -----**
The notes on pages 13-18 form part of these financial statements
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## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation and assessment of going concern**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. 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 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a Public Benefit Entity as defined by FRS 102.
The financial statements have been prepared on the basis that this CIO (charity 1159571) and charity 207513 have always been part of the same reporting entity. Therefore, the assets and liabilities of charity 207513 (£200 cash at the bank) have been included in the balance sheet.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. There are no significant areas of judgements and key assumptions that affect items in the accounts except for depreciation which is detailed in note 1.8.
## **1.2 Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably
For legacies, entitlement is taken as 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 is only deferred when the criterion for income recognition has not been met, and occurs in the following circumstances:
- The donor specifies that the grant or donation must only be used in future accounting periods; or
- The donor has imposed conditions, which must be met before the charity has unconditional entitlement.
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## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1.3 Investment income**
Interest on funds 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 bank.
## **1.4 Volunteers**
In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts. Further details of the contribution made by volunteers can be found in the Trustees’ Annual Report.
## **1.5 Expenditure**
Expenditure is included on an accrual basis and 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.
## **1.6 Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **1.7 Irrecoverable VAT**
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1.8 Depreciation**
Depreciation has been provided on tangible assets to write off their cost less estimated residual value over their expected useful economic lives as follows:
Land Not depreciated Buildings 10% written down value Motor vehicles 25% written down value Animal welfare equipment 10% of the original cost Furniture and office equipment 25% of the original cost
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## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1.9 Debtors**
Sundry debtors are recognised at the settlement amount. Prepayments are valued at the net amount prepaid.
## **1.10 Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer 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.
|**2.CHARITABLE**
**ACTIVITIES**|||
|---|---|---|
||31 Dec|31 Dec|
||2020|2019|
|Animal Sanctuary
expenses :|||
|Feeding and care of horses and other
animals|13,619|14,347|
|Blacksmith and
veterinary fees|31,532|34,857|
|Salaries and NIC|110,20
5|97,673|
|Motor vehicle and travelling
expenses|1,705|2,129|
|Rent, rates and water|785|940|
|Heating and lighting|7,702|7,527|
|Telephone|595|595|
|Insurance|2,588|2,511|
|Printing, postage and
stationery|1,294|1,659|
|Bank and streamline
charges|531|552|
|Advertising (fundraising)|1,303|6,077|
|Repairs and renewals|17,366|7,309|
|Sundry expenses|1,160|1,574|
|Depreciation
|21,421|18,718|
|Loss on disposal of fxed
assets|0|0|
|Accounting and other professional
fees|2,273|2,529|
||||
|||£198,9|
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THE HUMANE EDUCATION SOCIETY
||£214,0
79|97|
|---|---|---|
|**3. STAFF COSTS**|||
|Salaries|104,29
9|92,158|
|National Insurance|3,864|3,799|
|Employer's pension
contribution|2,042|1,716|
||||
||£110,2
05|£97,67
3|
The average head count of employees during the year was 5.5 (2019: 5).
The trustees received no remuneration during the year (2019: £nil) and did not receive any expenses during the year (2019: £nil).
No employees earned in excess of £60,000 in the current year or previous year.
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **4. FIXED ASSETS**
|**4. FIXED**
**ASSETS**|**NOTES TO THE ACCOUNTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**||
|---|---|---|
||**Sanctuar**
**y**
**Buildings**
**Motor**
**Vehicles**
**Animal**
**Welfare**
**Equipme**
**nt**
**Fixtures**
**&**
**Fittings**|**Total**|
||**£**
**£**
**£**
**£**|**£**|
|**Cost**|||
|At 1January2020|328,306
37,170
30,490
20,484|416,450|
|Additions|106,277
-
-
7,361|113,638|
|Disposals|-
-
-
(100)|(100)|
||||
|At 31 December
2020|434,583
37,170
30,490
27,745|529,988|
|**Depreciati**
**on**|||
|At 1January2020|259,138
25,017
4,574
14,532|303,261|
|Charge inyear|10,863
3,038
3,049
4,471|21,421|
|Disposals|-
-
-
(100)|(100)|
|At 31 December
2020|270,001
28,055
7,623
18,903|324,582|
|**Net Book Value**|||
|At 31 December
2020|164,582
9,115
22,867
8,842|205,406|
|At 31 December
2019|69,168
12,153
25,916
5,952|113,189|
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## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **5. INVESTMENT ASSETS**
The charity holds an investment through Rowan Dartington investment advisers. This investment is valued at market value at 31 December 2020 in the Balance Sheet. Gains or losses in its value for the year are included in the SOFA.
||**2020**|**2019**|
|---|---|---|
|**6. DEBTORS**|||
|Prepayments and accrued income|3,596|2,087|
|Other debtors|1,905|2,203|
||––––––––|––––––––|
||£5,501|£4,290|
||––––––––|––––––––|
|**7. CREDITORS: Amounts falling due within one year**|||
|Trade creditors|6,447|8,380|
|Accruals and deferred income|882|1,184|
||–––––––|–––––––|
||£7,329|£9,564|
||––––––––|––––––––|
## **8. RELATED PARTY TRANSACTIONS**
The Trustees of the CIO are also trustees of the Charity, Humane Education Society, charity number 207513.
Aggregate donations by the trustees to the charity:
|**2020**|**2019**||
|---|---|---|
|£16,039||£602|
There are no outstanding balances with related parties as at 31 December 2020 (2019: £nil).
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## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **9. ANALYSIS OF FUNDS**
||**Funds 1**|**Incom**||**Investm**|**Funds 31**|
|---|---|---|---|---|---|
||**Jan**|**e**|**Expend**|**ent**|**Dec**|
||**2020**|||**Loss**|**2020**|
||**£**|**£**|**£**|**£**|**£**|
||1,135,60|210,05||||
|Unrestricted funds|9|2|214,079|-15,062|1,116,520|
The total net assets are allocated to the unrestricted fund, as there are no other fund types.
## **10. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**FROM OPERATING ACTIVITIES**|||
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|Net movement in funds|(19,089)|6,144|
|**Adjustmen**
**ts for :**|||
|Depreciatio
n charge|21,421|18,718|
|Loss on disposal of assets|0|0|
|(Gain)/loss in Valuation of
Investment|15,062|(48,136)|
|Interest
Income|(1,187)|(2,235)|
|(Increase)/decrease in Debtors|(1,211)|3,104|
|Increase/(decrease)in Creditors|(2,235)|2,592|
|**Net Cash provided by operating**
**activities**|12,761|(19,813)|
|**11. ANALYSIS OF CASH AND CASH EQUIVALENTS**|||
||**2020**|**2019**|
||**£**|**£**|
|Cash in
hand|522,368|622,058|
|**Total cash and cash**
**equivalents**|522,368|622,058|
The following pages do not form part of the statutory financial statements
## **REVENUE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020**
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||**2020**|**2019**|
|---|---|---|
||**£**|**£**|
|**Incom**
**e**|||
|Legacies
received/receivable|54,461|40,283|
|Subscriptions and
donations|154,40
4|114,48
7|
|Interest on bank deposit accounts|1,187|2,235|
||210,05
2|157,00
5|
|**Deduct Expenditure**|214,07
9|198,99
7|
|(see separate schedule)|||
|**Excess of Income over Expenditure for**
**theyear**|(4,027)|(41,99
2)|
|Change in value of portfolio
investment|(15,06
2)|48,136|
|**Net Income/(expenditure) for**
**theyear**|(19,08
9)|6,144|
This page does not form part of the statutory financial statements
## **EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020**
||**2020**|**2020**|**2019**|**2019**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|**EXPENDITURE**|||||
|Animal SanctuaryExpenses|||||
|Feeding and care of horses and small|13,619||14,347||
||22||||
THE HUMANE EDUCATION SOCIETY
|animals|||||
|---|---|---|---|---|
|Blacksmith and veterinary fees|31,532||34,857||
|Wages, salaries and Social Security
contributions|110,20
5||97,673||
|||155,35
6||146,87
7|
|Motor vehicle and travelling expenses|1,705||2,129||
|Rent, rates and water|785||940||
|Heating and lighting|7,702||7,527||
|Telephone|595||595||
|Insurance|2,588||2,511||
|Printing, postage and stationery|1,294||1,659||
|Sundry expenses|1,160||1,574||
|Advertising (fundraising)|1,303||6,077||
|Repairs and renewals|17,366||7,309||
|||34,498||30,321|
|Bank and Streamline Charges|531||552||
|Professional fees|||||
|-Accountancy|||||
|-Taxation, payroll & bookkeeping|999||720||
|-Other professional fees|1,274||1,809||
|||2,804||3,081|
|Depreciation|||||
|-Buildings|10,863||7,605||
|-Motor vehicles & trailers|3,038||4,051||
|-Animal welfare equipment|3,049||3,049||
|-Furniture & ofce equipment|4,471||4,013||
|-Loss on disposal of Fixed Assets|||||
|||21,421||18,718|
|**Total Expenditure**||214,07
9||198,99
7|
This page does not form part of the statutory financial statements Approved on behalf of the Trustees
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……………………………….. ………………………………..
C Barton - Trustee C Reed - Trustee
………………………………. ………………………………..
Date Date
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THE HUMANE EDUCATION SOCIETY
24