| Page | ||||
|---|---|---|---|---|
| Legal and Administrative | Information | |||
| Report ofthe | Trustees | 2-6 | ||
| Independent | Auditor's Report |
7-10 | ||
| Consolidated | Statement | of Financial | Activities | |
| Consolidated | Statement | of Financial | Position | 12 |
| Consolidated | Statement | ofCash flows | 13 | |
| Notes to the | Financial Statements | 14-29 |
| For the year ended 31 Dece | mber 2020 | ||||
|---|---|---|---|---|---|
| 2020 | 2020 | 2020 | 2019 | ||
| Unrestricted Fends |
Restricted FnnrIs |
Total Funds |
Terai Fends |
||
| Notes | F | F | |||
| Income from: | as restated | ||||
| Donations and legacies |
2 | 1,179,192 | 19,368 | 1,198,560 | 922,806 |
| Raising funds | 10,307 | ||||
| Other trading activities |
4 | 220,790 | 21,999 | 242,789 | 249,941 |
| Investment Income |
65 | 65 | 4,025 | ||
| Total income | 1,400,047 | 41,367 | 1,441,414 | 1,187,079 | |
| Resources expended | |||||
| Raising funds | 6 | 41,025 | 41,025 | 41,729 | |
| Charitable activities |
6 | 524,265 | 19,368 | 543,633 | 571,884 |
| Other trading activities |
6 | 190,660 | 21,999 | 212,659 | 219,716 |
| Total resources expensed | 755,950 | 41,367 | 797,317 | 833,329 | |
| Net incoming resources |
644,097 | 644,097 | 353,750 | ||
| Reconciliation offunds |
|||||
| Total funds brought forward |
2,215,618 | 2,215,618 | 1,861,868 | ||
| Total funds carried forward | 2,859,715 | 2,859,715 | 2,215,618 |
| As at 31 De | cembe | r 2020 | |||||
|---|---|---|---|---|---|---|---|
| The | Group | The | Charity | ||||
| 2020 | 2019 | 2020 | 2019 | ||||
| Notes | F | 6 | F | ||||
| Fixed assehi | |||||||
| Tangible assets | 12 | 1,643,945 | 1,198,700 | 1,556,619 | 1,162,801 | ||
| Investments | 13 | 2 | 2 | ||||
| 1.643,945 | 1,198,700 | 1,556,621 | 1,162,803 | ||||
| Current assets | |||||||
| Stocks | 18 | 22,585 | 24,052 | ||||
| Debtors | 17 | 253,991 | 200,370 | 470,739 | 270,380 | ||
| Cash at bank | and in hand | 'l,058,897 | 879,545 | 937,182 | 841,127 | ||
| 1,335,473 | 1,103;967 | 1,407,921 | 1,111,507 | ||||
| Current Liabilities |
|||||||
| Creditors: amounts within one year |
falling due | 18 | 119,703 | 54,358 | 115,949 | 42,850 | |
| Net current | asseR | 1,215,770 | 1,049,609 | 1,291,972 | 1,068,657 | ||
| Total assets | less current | ||||||
| liabilities | 2,859,715 | 2,248,309 | 2,848,593 | 2,231,460 | |||
| Creditors: amounts after one year |
falling due | 1$ | 32,691 | 32,691 | |||
| Net assets | 2,859,715 | 2,215,618 | 2,848,593 | 2,198,769 | |||
| Funds | |||||||
| Unrestricted | funds | 2,859,715 | 2,215,618 | 2,848,593 | 2,198,769 | ||
| Restncted funds | |||||||
| Total Funds | 2,859,715 | 2,215618 | 2,848,593 | 2,198,789 |
| The | Group | The | Charity | ||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||||
| Notes | 6 | F | F | 6 | |||
| as restated | as restated | ||||||
| Cash flows from operating | |||||||
| activities | 24 | 687,657 | 245,306 | 547,205 | 243,112 | ||
| Cash flows from investing | |||||||
| activities | |||||||
| Interest receivable | 4,025 | 4,025 | |||||
| Purchase of tangible | fixed | ||||||
| assets | (508,970) | (177,714) | (451,815) | (175,108) | |||
| Disposal of tangible | fixed | ||||||
| assets | 600 | 7,680 | 600 | 7,680 | |||
| Net cash provided | by | ||||||
| investing activities |
(508,305) | (166,009) | (451,150) | (163,403) | |||
| Change in cash and cash |
|||||||
| equivalents in the |
year | 179,352 | 79,297 | 96,055 | 79,709 | ||
| Cash and cash equivalents | at | ||||||
| the beginning ofthe |
year | 879,545 | 800,248 | 841,127 | 761,418 | ||
| 1,058,897 | 879,545 | 937,182 | 841,127 | ||||
| Cash and cash equivalents | at | ||||||
| the end ofthe year | 1,058,897 | 879,545 | 937,182 | 841,127 |
| Income from | donations | and legacies | 2020 | 2019 |
|---|---|---|---|---|
| 8 | 6 | |||
| as restated | ||||
| Adopt a donkey scheme | 175,500 | 133,750 | ||
| Donations | 353,484 | 296,827 | ||
| Government | funding | 18,543 | ||
| Gift aid | 47,656 | 20,965 | ||
| Legacies | 603,377 | 471,264 | ||
| 1,198,560 | 922,806 |
| Income from raising funds | 2020 | 2019 |
|---|---|---|
| 8 | ||
| Raffle income | 10,307 | |
| 10,307 |
| Income from | other | trading | activities | 2020 | 2019 |
|---|---|---|---|---|---|
| F | 6 | ||||
| Income from | trading | subsidiary | 209,456 | 249,941 | |
| Government | funding | 33,333 | |||
| 242,789 | 249,941 |
| Scheme, thi 2019. |
s has been recorded within restricted |
income. No government grants were |
received in |
|---|---|---|---|
| Investment | Income | 2020 | 2019 |
| F | 6 | ||
| Interest receivable | 65 | 4,025 | |
| 65 | 4,025 |
| 7 | Net income/(expenditure) | Net income/(expenditure) | Net income/(expenditure) | 2020 | 2019 | |||
|---|---|---|---|---|---|---|---|---|
| 6 | 6 | |||||||
| Net income/(expenditure) | is stated | after charging/(crediting): | ||||||
| Depreciation | 50,954 | 45,316 | ||||||
| Profit/loss on disposal |
offixed assets | 12,172 | 160 | |||||
| Auditor's remuneration |
5,760 | |||||||
| 8 | Staff costs | |||||||
| Number of | employees | 2020 | 2019 | |||||
| The average | number | ofemployees | during the | year was: | Number | Number | ||
| Farm Staff | 11 | 11 | ||||||
| Office Staff | 5 | 6 | ||||||
| Fundraising | Staff | 1 | 1 | |||||
| Cafe Staff | 5 | 2 | ||||||
| Shop Staff | 2 | 1 | ||||||
| Retail management Staff |
1 | 2 | ||||||
| 25 | 23 | |||||||
| Employment | costs | 2020 | 2019 | |||||
| 6 | ||||||||
| Salaries and | wages | 345,952 | 350,837 | |||||
| Social security costs | 17,280 | 18,606 | ||||||
| Employer's contribution to defined |
contribution | pension scheme. | 4,944 | 3,801 | ||||
| 368,176 | 373,244 |
| Pension costs | Pension costs | 2020 | 2019 |
|---|---|---|---|
| 6 | 6 | ||
| Employer's | pension cost | 4,944 | 3,801 |
| 4,944 | 3,801 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Group and charity | Land and buildings f |
Plant and machinery etc 6 |
Motor vehicles |
Total |
| Cost | ||||
| At 1 January 2020 | 1,289,052 | 211,177 | 25,692 | 1,525,921 |
| Additions | 440,825 | 68,145 | 508,970 | |
| Disposals | (13,871) | (18,222) | (32,093) | |
| At 31 December 2020 | 1,716,006 | 261,100 | 25,692 | 2,002,798 |
| Depreciation | ||||
| At 1 January 2020 | 196,454 | 112,898 | 17,869 | 327,221 |
| Charge for the year | 26,823 | 22,175 | 1,956 | 50,954 |
| On disposals | (2,808) | (16,514) | (19,322) | |
| At 31 December 2020 | 220,469 | 118,559 | 19,825 | 358,853 |
| Net book value | ||||
| At 31 December 2020 | 1,495,537 | 142,541 | 5,867 | 1,643,945 |
| At 31 December 2019 | 1,092,598 | 98,279 | 7,823 | 1,198,700 |
| Charity | Land and buildings |
Plant and machinery etc |
Motor vehicles |
Total |
| 6 | ||||
| Cost | ||||
| At 1 January 2020 | 1,289,052 | 155,533 | 25,692 | 1,470,277 |
| Additions | 440,825 | 10,990 | 451,815 | |
| Disposals | (13,871) | (17,756) | (31,627) | |
| At 31 December 2020 | 1,716,006 | 148,767 | 25,692 | 1,890,465 |
| Depreciation | ||||
| At 1 January 2020 | 196,454 | 93,153 | 17,869 | 307,476 |
| Charge for the year | 26,823 | 16,631 | 1,956 | 45,410 |
| On disposals | (2,808) | (16,232) | (19,040) | |
| At 31 December 2020 | 220,469 | 93,552 | 19,825 | 333,846 |
| Net book value | ||||
| At 31 December 2020 | 1,495,537 | 55,215 | 5,867 | 1,556,619 |
| At 31 December 2019 | 1,092,598 | 62,380 | 7,823 | 1,162,801 |
| Not | es to the Financial State | ments | |||
|---|---|---|---|---|---|
| 13 | Investments | ||||
| Charity | Subsidiary | Undertakings | |||
| 2020 | 2019 | ||||
| f | |||||
| Cost and net book value at 1 January and 31 December | |||||
| Details ofthe subsidiary | undertakings | are set out below: | |||
| County of | |||||
| Incorporation | % Held | ||||
| The Isle ofWight Donkey | Sanctuary | I imited | England | 100 |
| Summary ofsubsidiary | results | results | 2020f | 2019f | |
|---|---|---|---|---|---|
| Turnover Cost ofsales |
209,456 ~86,309 |
249,941 ~330,345 |
|||
| Gross profit | 123,347 | 139,596 | |||
| Administrative expenses |
(126,550) | (109,371) | |||
| Government Funding |
33,333 | ||||
| Profit on ordinary activities Deed ofcovenant to parent |
undertaking | 30,130 ~35,857 |
30,225 ~32,449 |
||
| Profit for the financial year | (5,727) | (2,224) | |||
| The aggregate ofassets, |
liabilities | and funds was: | |||
| Assets I iabilities |
237,814 ~226,690 |
98,918 ~82,067 |
|||
| Funds | 11,124 | 16,851 |
| The pa | rent char | ity's gross income and the results | for the year are disclosed as follows: | |
|---|---|---|---|---|
| 2020f | 2019 | |||
| as restated | ||||
| Gross | incoming | resources | 1,234,482 | 969,587 |
| Result | for the year | 649,824 | 355,974 |
| Stocks | ||||
|---|---|---|---|---|
| The Group | The Charity | |||
| 2020 f |
2019 f |
2020f | 2019f | |
| Stocks held for other trading | ||||
| activities | 22,585 | 24,052 | ||
| 22,585 | 24,052 |
| The Group | The Charity | ||||
|---|---|---|---|---|---|
| 2020f | 2019f | 2020f | 2019f | ||
| as restated | as restated | ||||
| Other Debtors | 9,368 | 14,398 | 3,511 | 14,398 | |
| Prepayments | 15,946 | 4,224 | 15,615 | 3,675 | |
| Amounts | due from group | ||||
| undertakings | 222,936 | 70,559 | |||
| Accrued | income | 9,681 | 2,216 | 9,681 | 2,216 |
| I egacies | receivable | 218,996 | 179,532 | 218,996 | 179,532 |
| 253,991 | 200,370 | 470,739 | 270,380 |
| The Group | The Charity | |||
|---|---|---|---|---|
| 2020f | 2019f | 2020f | 2019f | |
| Trade creditors | 12,749 | 22,708 | 9,635 | 18,913 |
| Taxation and social security | 6,773 | 11,382 | 6,773 | 6,190 |
| Other creditors | 12,239 | 10,618 | ||
| Accrued expenses | 10,909 | 2,350 | 10,269 | 1,450 |
| Bank loan | 89,272 | 5,679 | 89,272 | 5,679 |
| 119,703 | 54,358 | 115,949 | 42,850 |
| The | Group | The | Charity | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||||||
| Bank loan | 32,691 | 32,691 | |||||||
| 32,691 | 32,691 | ||||||||
| Please refer | to the | note 18for further | information | regarding bank loans. |
|||||
| 20 | Analysis ofgroup | net assets between funds (current year) | |||||||
| General unrestricted |
Restricted funds |
Totalfunds | |||||||
| f | f | ||||||||
| Net assets | 2,859,715 | 2,859,715 | |||||||
| 2,859,715 | 2,859,715 | ||||||||
| 21 | Analysis ofgroup | net assets between funds (prior year) | |||||||
| General unrestricted |
Restricted funds |
Totalfunds | |||||||
| f | |||||||||
| as restated | as restated | ||||||||
| Net assets | 2,215,618 | 2,215,618 | |||||||
| 2,215,618 | 2,215,618 | ||||||||
| 22a | Movements | in funds (current year) | |||||||
| As at | Income | Expenses | As at | ||||||
| 1 Jan 2020 | &Gains | &Losses | 31 | Dec 2020 | |||||
| f | f | f | f | ||||||
| Total Unrestricted | funds | 2,215,618 | 1,400,047 | 755,950 | 2,859,715 | ||||
| Restricted | funds | ||||||||
| Government | funding - Charitable | ||||||||
| activities | 18,543 | 18,543 | |||||||
| Government | funding - Other | ||||||||
| trading activities |
21,999 | 21,999 | |||||||
| The Donkey | Sanctuary- | ||||||||
| Rehoming | costs | 825 | 825 | ||||||
| Total funds | 2,215,618 | 1,441,414 | 797,317 | 2,859,715 |
| As at | Income | Expenses | As at | |||
|---|---|---|---|---|---|---|
| 1 Jan 2019 | &Gains | &Losses | 31Dec 2019 | |||
| 6 | 6 | 6 | ||||
| as restated | as restated | as restated | ||||
| Total | Unrestricted | funds | 1,861,868 | 1,187,079 | 833,329 | 2,215,618 |
| Total | funds | 1,861,868 | 1,187,079 | 833,329 | 2,215,618 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| as restated | |||||
| Net income for the | reporting | period | 644,097 | 353,750 | |
| Adjustments for: |
|||||
| Depreciation charges |
50,953 | 45,316 | |||
| (Profit)/Loss on disposal offixed |
assets | 12,172 | 160 | ||
| Interest receivable | (65) | (4,025) | |||
| (Increase)/Decrease | in stocks | 1,467 | (7,380) | ||
| (Increase)/Decrease | in debtors | (53,621) | (132,176) | ||
| Increase/(Decrease) | in creditors | 32,654 | (10,339) | ||
| Net cash provided | by operating | activities | 687,657 | 245,306 |
| Comparatives for the statement |
offinancial activit | ies | ||
|---|---|---|---|---|
| 2019 | 2019 | 2019 | 2018 | |
| Unrestricted Funds |
Restricted Funds |
Total Funds |
Total Funds |
|
| 5 | ||||
| aa restated | as restated | |||
| Income from: | ||||
| Donations and legacies |
922,806 | 922,806 | 600,677 | |
| Raising funds | 10,307 | 10,307 | 15,626 | |
| Other trading activities |
249,941 | 249,941 | 222,299 | |
| Investment Income |
4,025 | 4,025 | 3,693 | |
| Total incoming resources |
1,187,079 | 1,187,079 | 842,295 | |
| Resources expended | ||||
| Raising funds | 41,729 | 41,729 | 14,600 | |
| Charitable activities |
219,716 | 219,716 | 503,671 | |
| Other trading activities |
571,884 | 571,884 | 191,999 | |
| Total resources expensed | 833,329 | 833,329 | 710,270 | |
| Net Income | 353,750 | 353,750 | 132,025 | |
| Reconciliation offunds |
||||
| Total funds brought forward |
1,861,868 | 1,861,868 | 1,729,843 | |
| Total funds carried forward | 2,215,618 | 2,215,618 | 1,861,868 |
| Equipment | Equipment | ||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| 5 | f | ||||||
| Less than one year | 1,997 | ||||||
| More than one year | 7,155 | ||||||
| 9,152 | |||||||
| Capital commitments | |||||||
| At the balance sheet | date, the group had committed | to anil (2019:Fnil) | |||||
| Controlling party |
|||||||
| The charity is controlled | by its trustees | ||||||
| Prior year adjustments | |||||||
| The | Charity | ||||||
| Statement ofchanges | in charitable | funds | 2020 | 2019 | |||
| 6 | 6 | ||||||
| Total funds Bfwd |
2,198,769 | 1,842,794 | |||||
| Net incoming resources |
for the year | 649,824 | 176,443 | ||||
| Prior year adjustment | (note a) | 179,532 | |||||
| Total funds Cfwd | 2,848,593 | 2, | 198,769 | ||||
| The | Group | ||||||
| 2020 | 2019 | ||||||
| 6 | 6 | ||||||
| Total funds Bfwd |
2,215,618 | 1,861,868 | |||||
| Net incoming resources |
for the year | 644,097 | 174,218 | ||||
| Prior year adjustment | (note a) | 179,532 | |||||
| Total funds Cfwd | 2,859,715 | 2,215,618 |