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← Isle Of Wight Donkey Sanctuary CIO

2024-12-31-accounts

The Isle of Wight Donkey Sanctuary CIO

Report of the Trustees and consolidated financial statements for the year ended 31 December 2024

Registered Charity Number: 1159886

Index

Index
Legal and Administrative Information 3
Co-chair’s Introduction 4
Report of the Trustees 5
Independent Auditor’s Report 16
Consolidated Statement of Financial Activities 20
Consolidated Statement of Financial Position 21
Consolidated Statement of Cash Flows 22
Notes to the Financial Statements 23

2 Isle of Wight Donkey Sanctuary CIO

Legal and Administrative Information

Trustees

• Jill Procter (appointed 19 July 2024)

Registered Office

Lower Winstone Farm

St Johns Road Wroxall Ventnor Isle of Wight PO38 3AA

Registered Charity

1159886

CIO Registration

CE002608

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 Station House North Street Havant Hampshire PO9 1QU

3

Report of the Trustees and Consolidated Financial Reports

Co-Chairs’ Introduction

2024 brought significant progress for the Isle of Wight Donkey Sanctuary. At the heart of our work was the daily care of more than 120 rescue donkeys and ponies, many with complex health or behavioural needs. Alongside this, we welcomed a record number of visitors (almost 160,000) ensuring the sanctuary remains both a refuge for animals in need and one of the island’s most accessible and well-loved attractions.

We also made steady improvements across the site. Four new shelters and better mud-management initiatives improved welfare for our herds, while upgrades at Poppy’s Place strengthened the care we provide for older and more vulnerable donkeys. We expanded our community engagement too, with more than 2,500 people – from schoolchildren to care home residents – enjoying visits carefully tailored to their needs.

These achievements took place against a backdrop of real challenge. Rising staff and procurement costs, storm damage and flooding, together with essential site improvements, added pressure throughout the year. Veterinary costs also rose to over £116,000, reflecting the increasing needs of our ageing herd. While not a figure to celebrate, this underlines the seriousness of our commitment to every animal in our care.

Financially, consolidated income reduced to £2.1 million. This was largely due to a reduction in legacy gifts and general donations, which fell in line with national trends. As trustees, we recognise the need to diversify income, which is why our new three-year strategy places strong emphasis on innovation, new partnerships, and broadening supporter engagement.

Looking ahead, we remain focused on maintaining the highest standards of welfare, building a stronger and more sustainable funding base, and deepening the role the sanctuary plays in the local community.

None of this is possible without our staff and volunteers. Their passion and commitment make the sanctuary more than just a place of refuge for donkeys – they make it a place of welcome, learning, and connection for thousands of people each year.

Elaine Burtenshaw and Janine Dyer

Co-Chairs of Trustees

4 Isle of Wight Donkey Sanctuary CIO

Report of the Trustees

The Isle of Wight Donkey Sanctuary was founded in 1987 to provide lifelong care for donkeys and other equines in need. Our charitable purpose, as set out in our governing document, is to relieve the suffering of animals that have been abandoned, ill-treated, neglected, or are otherwise in need of care, shelter, and attention.

In 2023 we set out a clear mission – to provide refuge, new beginnings, and exceptional care for donkeys and other equines – and a vision to become a centre of excellence in donkey welfare while fostering deeper understanding and connection between people and their equine companions. This mission and vision now guide every aspect of our work.

The sections that follow set out our progress during 2024, the impact of our work on animal welfare and the wider community, and the financial performance and governance arrangements that underpin the charity.

Report of the Trustees and Consolidated Financial Reports 5

Summary of Progress in 2024

In 2024, we continued to balance the daily care of our donkeys with wider community impact.

Achievements included:

Leadership

At the end of 2024, our Chief Executive, Susan McCall, stepped down to focus on developing her own farm and community enterprise. During her time with the sanctuary, she helped raise our profile, strengthen animal welfare practices, and increase visitor numbers. We thank her for her contribution and wish her every success in the future.

In her place, we appointed Stephen Tobitt as General Manager – a title chosen to better reflect the role’s balance of operational oversight and close support for our management team. Stephen has over 30 years’ senior leadership experience, including CEO and Finance Director roles within well-established UK organisations, where he grew revenues, strengthened operations, and led teams through change. His combination of commercial experience, values-led leadership, and hands-on approach gives us confidence he will continue to build the sanctuary’s long-term sustainability and ensure it thrives in the years ahead.

We also maintained our commitment to free entry – the only major visitor attraction on the Isle of Wight to do so. This reflects our belief that everyone, regardless of circumstances, should be able to connect with our animals and enjoy the sanctuary.

6 Isle of Wight Donkey Sanctuary CIO

The Impact We Make

Equine Welfare

Our sanctuary is home to over 120 donkeys and ponies, each cared for by a highly skilled equine welfare team and supported by dedicated volunteers.

Our herds span all ages, from youngsters to a steadily growing number of donkeys in their senior years. As a consequence, we are seeing more agerelated medical issues. In 2024, this ageing profile led to a higher number of welfare-based end-of-life decisions, with over 70% involving geriatric animals already receiving the highest levels of pain relief. Other cases included severe colic impactions and congenital conditions that caused significant distress. These decisions are always taken with the animal’s best interests at heart and only as a last resort - when all other treatment options have been explored and continued care would no longer prevent suffering or maintain quality of life.

While some long-term residents reached the end of their lives, others arrived in need of sanctuary and ongoing care. In 2024, we welcomed four new arrivals: Daphne , who had grown up in a loving family home but whose owners could no longer provide the care she needed; Lulu , who found it hard to adjust after losing her long-time companion; Paddy and Murphy , who both lost their mothers young – Paddy narrowly escaped the abattoir, and Murphy was handreared after his mother drowned. Despite these early challenges, they have become two of the most playful donkeys on site, delighting visitors and staff alike. Their former owners often come to visit them here.

Ongoing Care

Caring for over 120 equines comes at a cost. In 2024, we spent £116,000 on veterinary care, more than 60% of our direct animal costs, which included specialist cases such as Poncho’s complex sheath reconstruction, emergency colic surgery, and 140 dental treatments. Our farrier also carried out 634 routine hoof trims – substantial when you count that many hooves. On the island, we are supported by Vectis Equine Vets, and for specialist treatment we turn to Liphook Equine Hospital, ensuring the highest standard of care at all times.

Training and Expertise

Behavioural training played a key role in improving welfare. Our equine welfare team undertook specialist courses, including clicker training, which helped Phoenix – our spirited mule – learn to stand calmly on cue, reducing stress during handling and treatment. By combining hands-on experience with behavioural science, the team now has the depth of expertise to embed these approaches across all herds and further strengthen the care we provide.

External Validation

To ensure we continue to meet the highest standards, we also worked closely with The Donkey Sanctuary (Sidmouth), a world leader in donkey care. They carried out a full review of all our herds using the Equine Behavioural and Welfare Assessment Rating System (EARS), which confirmed improvements in animal condition, positive behaviours, and equine management – independent evidence of the quality of care we give to our donkeys.

Report of the Trustees and Consolidated Financial Reports 7

Strengthening Our Facilities for the Future

Caring for more than 120 donkeys and ponies requires constant attention to the land and buildings they rely on. With 55 acres and over 20 barns and shelters to maintain, upkeep is a year-round challenge – especially when storms and flooding cause unexpected damage. In 2024, we carried out significant works across the site, from repairing and upgrading barns and shelters to improving drainage and flood resilience.

A major focus remains our plan to create an on-site Equine Treatment Centre, a key step in our vision to be a centre of excellence in donkey welfare. Feasibility work moved forward in 2024, and the updated project is expected to begin by the end of 2025. The Centre will provide improved diagnostic facilities, more hygienic and comfortable conditions for sick animals, enhanced isolation areas, and a better working environment for our veterinary team. Funds raised during the initial 2023 appeal remain ring-fenced for this purpose, and further fundraising will be a priority as we move closer to making this much-needed facility a reality.

Investment in facilities such as the Equine Treatment Centre is not just about meeting today’s needs; it is about safeguarding the highest standards of care for decades to come. This long-term approach – backed by strong governance and prudent financial management – gives supporters confidence that their contributions will create a lasting legacy for the animals who depend on us.

Community Engagement

Although still a relatively new strand of our work, our community engagement programme is growing year by year and is becoming an increasingly important part of sanctuary life. Our Community Engagement Officer, partly funded through a renewed National Lottery grant, coordinates this work by building relationships with schools, care homes, and local charities, and tailoring visits to the needs of each group.

In 2024, more than 2,500 people took part in our programmes – including 66 school visits reaching 2,306 children, 16 community groups and 12 care home visits with our donkeys, bringing joy to older residents.

Each visit is carefully planned to benefit both participants and animals. Teachers highlight the educational value – “Our visit was really interactive and engaging. The class learnt a lot about donkeys, farming and nature. The children had an amazing time and it continued our learning.”

For care home residents, the impact is often deeply personal:

This growing programme is already creating stronger community links, and lays the foundation for wider partnerships in years ahead.

8 Isle of Wight Donkey Sanctuary CIO

Raising Our Funds

In 2024, our main sources of income continued to be legacies, donations, and virtual donkey adoptions. While income from donkey adoptions increased, general donations fell by around 18%, reflecting reduced discretionary spending among supporters. Onsite cash donations also declined, as more visitors arrived without physical money. In response, we installed additional contactless donation points to make giving easier.

A reduction in legacies also impacted total consolidated income which reduced to £2.1 million. However legacies still accounted for around 15% of our total income. We are deeply grateful for this support, but we also recognise that such dependency carries risks for the future.

Grants provided important additional funding, with over £67,000 received in the year, including support from DEFRA’s Sustainable Farming Incentive (SFI) scheme to improve our land and pasture. A renewed National Lottery grant also continued to help fund our community engagement role and outreach activities.

To ensure long-term stability, the trustees agreed a new three-year strategy in 2024, which will guide how we diversify income and reduce our reliance on legacies. This strategy is outlined later in this report.

Fundraising Best Practice

Alongside protecting and growing income, we remain committed to upholding the highest standards in how we fundraise. The charity is registered with the Fundraising Regulator and is a member of the Chartered Institute of Fundraising. We follow the Fundraising Regulator’s Code of Fundraising Practice and ensure supporter data is protected, communication preferences are respected, and fundraising is neither intrusive nor targeted at vulnerable people.

All fundraising activity is managed in-house by our General Manager and fundraising team; no professional fundraisers were engaged during the year. Activities are planned and delivered in line with our fundraising strategy, with trustees providing oversight to ensure compliance with the Code and to safeguard the reputation of the sanctuary.

We monitor fundraising performance and supporter feedback closely, including activities carried out on the charity’s behalf. Any concerns are reviewed promptly to ensure lessons are learned and standards are maintained. In line with regulatory requirements, we report any fundraising complaints in our annual return. We can confirm that no fundraising complaints were received during the year.

9

Report of the Trustees and Consolidated Financial Reports

Staff and Volunteers

The sanctuary runs on the combined efforts of a small but highly committed team. In 2024 we employed an average of 26 permanent staff, supported by nearly 100 volunteers. Staff roles span animal care, estates and maintenance, visitor engagement, fundraising, and administration.

Volunteers extend our reach in every area – from greeting visitors and facilitating adoptions, to helping in the café and shop, supporting the farm team, assisting with repairs, and even accompanying donkeys into the community. Their skills and commitment mean we can achieve far more than would otherwise be possible.

Ongoing training and development remained a priority in 2024. Staff took part in further training in donkey welfare best practice, customer service, cyber security, and health and safety – ensuring they are equipped to deliver high standards of care and an excellent visitor experience.

At the same time, staff costs and professional services remain a significant part of our expenditure – a reflection of both the scale and complexity of running the sanctuary and our ambition to be a centre of excellence in equine welfare. With costs under constant pressure, we regularly review staffing levels and external services to ensure they remain sustainable and cost-effective.

10 Isle of Wight Donkey Sanctuary CIO

Looking Ahead

The charity’s priorities for the coming years remain clear: maintain the highest standards of donkey welfare, create more engaging and educational visitor experiences, strengthen our role in the local community, and build a broader, more sustainable income base. The need to diversify income was reinforced during 2024, and is a central part of our new three-year strategy.

Planned investment will focus on:

Animal Welfare

Community Engagement

Strengthening and Diversifying Income

People Investment

Together, these priorities will help us safeguard the wellbeing of our donkeys, deepen our community impact, and secure the long-term sustainability of the sanctuary.

11

Report of the Trustees and Consolidated Financial Reports

Finance and Investment Policy

Accounts for Year-End December 2024

Our financial position at the end of 2024 remains stable, providing a strong platform for the delivery of our three-year strategy. Total consolidated income for the year was £2,100,681 , with expenditure of £2,221,577 , resulting in a full-year deficit of £120,896 .

As in previous years, a significant proportion of our income came from legacies, along with adoptions, donations, and grant funding. Expenditure reflected the scale and scope of our work – from the daily care of over 120 equines, to maintaining our 55-acre site, delivering education and outreach programmes, and managing visitor facilities.

Our consolidated income for the year was £2,100,681 detailed as follows: || Legacies: £320,112 Donations and adoptions including gift aid: £827,305 Trading activities: £833,862 || Grants: £67,110 |_| Interest: £52,292

Our total expenses amounted to £2,221,577 detailed as follows: Charitable activities: £1,401,845 Raising funds: £134,970 Other trading: £684,762

This results in a deficit of £120,896

Our General Manager, with a strong background in financial leadership, plays a central role in maintaining cost control and ensuring value for money across all areas of the sanctuary’s work. Our approach remains cautious but ambitious: investing where it will have the greatest long-term benefit for the animals and people we serve, while safeguarding the charity’s future.

Income and Expenditure Analysis

In 2024, we experienced a reduction in income by £146,511 due to a decrease in donations and legacies. While we witnessed an increase in visitor footfall, it was evident that disposable income had diminished.

Throughout this period, we have capitalised on the higher interest rate by employing a spread of deposits across multiple UK-authorised and FSCS protected banks. This has maximised returns, while simultaneously aligning with our cash flow requirements and reserves policy.

Furthermore, we have invested in staff development and training, despite the increased costs associated with the minimum wage in 2024.

Additionally, we have allocated resources to enhance our governance, including compliance with health and safety regulations, IT security measures, and ongoing cyber and training initiatives.

Reserves Policy

Our reserves policy is to hold unrestricted reserves at a level that provides security for at least 12 months of operating costs. At year-end, unrestricted reserves, excluding designated funds, stood at £3,877,385 , which provides a strong buffer against future risks and uncertainties.

Total reserves, including restricted and designated funds, stood at £4,124,075 at year-end. Designated funds of £247,690 include supporter donations received for the Equine Treatment Centre, which will be used in accordance with donor intentions.

12 Isle of Wight Donkey Sanctuary CIO

Isle of Wight Donkey Sanctuary Limited

Trading Income: £833,862

Our trading subsidiary, which operates the gift shop, online shop, and café, performed strongly in 2024, with turnover increasing on the previous year. Growth was supported by an improved café offer and a more distinctive retail range – from our own Isle of Wight Donkey Sanctuary gin, inspired by the hedgerows our donkeys enjoy, to high-quality seasonal products and more locally-made gifts.

Margins also improved, helped by careful supplier negotiations and more efficient staff scheduling, though inflationary pressures continued to add to the cost of sales.

Results for the year:

This represented an improvement of more than 80% on the previous year’s profit, reflecting both higher turnover and tighter cost control. All trading profits were donated to the charity, providing vital support for the daily care of our donkeys and underlining the importance of trading income within our wider funding mix.

Total expenses: £684,762 Net income: £149,100

Overall Summary

During 2024, the sanctuary continued to balance the cost of delivering high standards of care with the need to strengthen governance, systems, and facilities for the future. Expenditure increased in most areas, reflecting higher wage costs, investment in welfare facilities, and ongoing improvements to processes and governance. These are deliberate steps to ensure the charity is well prepared to meet future challenges and can operate with greater resilience.

As a result, consolidated reserves at year end reduced slightly. However, the positive net worth on our balance sheet confirms that the charity remains a going concern. With steady income, prudent financial management, and a new threeyear strategy focused on diversifying revenue, the trustees are confident that the sanctuary is in a stable position to sustain its work and plan ahead with confidence.

Report of the Trustees and Consolidated Financial Reports 13

Public Benefit

The trustees confirm they have had due regard to the Charity Commission’s guidance on public benefit when planning the charity’s activities. The impact and benefits of our work are described throughout this report; the following provides a summary:

Risk Management

The trustees are responsible for overseeing risk management, with quarterly reviews forming part of our strategic review meetings. In addition, a monthly risk committee – chaired by the General Manager and attended by a trustee alongside key staff – ensures risks are monitored, recorded, and mitigated promptly. These processes form part of our wider governance framework.

Governance – The Board of Trustees

The Isle of Wight Donkey Sanctuary is a Charitable Incorporated Organisation (CIO) governed by its constitution. Trustees are appointed for an initial three-year term and may serve up to six years in total, subject to reappointment. Recruitment is primarily through recommendations from trusted sources, with selection aimed at maintaining a balanced mix of skills, experience and perspectives.

Day-to-day management of the charity is delegated to the General Manager, who works closely with the senior management team. The trustees retain responsibility for setting strategy, approving budgets, monitoring performance, and ensuring compliance with all legal and regulatory requirements.

The pay and remuneration of key management personnel is reviewed and agreed by the trustees, taking into account market benchmarks, sector norms, and the charity’s financial position.

The board meets monthly with the General Manager to review progress and address operational matters, and holds quarterly strategic review meetings to consider longer-term priorities and governance arrangements.

14 Isle of Wight Donkey Sanctuary CIO

Statement of Trustee Responsibilities

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, including the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the trust deed, requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are also responsible for keeping adequate accounting records that show and explain the charity’s transactions, disclose its financial position with reasonable accuracy at any time, and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and ensuring they are used in accordance with its charitable purposes.

While these legal and financial responsibilities are central to our role, we know our work is only possible because of the many people who stand alongside us. The trustees would like to express their gratitude to everyone who makes our work possible:

Thanks to this collective effort, the Isle of Wight Donkey Sanctuary continues to deliver on its mission, safeguard the welfare of donkeys and other equines, and give more people the chance to spend time with our animals and enjoy the sanctuary.

This report is approved by the Board of Trustees on the 24th October 2025 and signed on its behalf by:

Elaine Burtenshaw , Trustee

Janine Dyer , Trustee

Report of the Trustees and Consolidated Financial Reports 15

ISLE OF WIGHT DONKEY SANCTUARY CIO Registered Charity Number: 1159886 Independent Auditor's Report to the Trustees

Opinion

We have audited the financial statements of Isle of Wight Donkey Sanctuary and its subsidiaries for the year ended 31 December 2024 on pages 20 to 38, which comprise the Consolidated Statement of Financial Activities, the Consolidated Statement of Financial Position and Consolidated Statement of Cash Flows 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:

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.

16

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.

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.

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 Charities Act 2011 requires us to report to you if, in our opinion:

17

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the trustees 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

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect there under.

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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 concerning legacy and donation income 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.

18

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.

Management assessed there is no going concern risk. The audit undertook a review of budgets, management accounts and the review of board minutes and came to the same conclusion as management.

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 charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity's trustees 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 Chartered Accountants Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Station House North Street Havant Hampshire PO9 1QU

Date: 27 October 2025

19

ISLE OF WIGHT DONKEY SANCTUARY CIO Registered Charity Number: 1159886 Consolidated Statement of Financial Activities (Incorporating an income and expenditure account) For the year ended 31 December 2024

Notes
Income from:
Donations and legacies
2
Other trading activities
3
Investment Income
4
Total income
Resources expended
Raising funds
5
Charitable activities
5
Other trading activities
5
Total resources expensed
Net incoming resources
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2024
Unrestricted
Funds
£
1,214,527
833,862
52,292
2,100,681
134,970
1,401,845
684,762
2,221,577
(120,896)
4,244,971
4,124,075		 2024
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 2024
Total Funds
£
1,214,527
833,862
52,292
2,100,681
134,970
1,401,845
684,762
2,221,577
(120,896)
4,244,971
4,124,075		 2023
Total Funds
£
1,436,352
770,842
39,998
2,247,192
108,445
1,197,973
689,575
1,995,993
251,199
3,993,772
4,244,971

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 21 to the financial statements.

20

ISLE OF WIGHT DONKEY SANCTUARY CIO Registered Charity Number: 1159886 Consolidated Statement of Financial Position As at 31 December 2024

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |The Group|The Charity| |ee||| |2024|2023|2024|2023| |Notes|£|£|£|£| |Fixed assets| |Tangible assets|11|2,238,964|2,177,442|2,073,604|1,997,506| |Investments|12|-|-|2|2| |2,238,964|2,177,442|2,073,606|1,997,508| |Current assets| |Stocks|15|68,380|57,919|-|-| |Debtors|16|588,064|713,204|820,387|979,335| |Investments|17|1,122,022|1,205,840|1,122,022|1,205,840| |Cash at bank and in hand|215,398|221,800|188,358|156,105| |1,993,864|2,198,763|2,130,767|2,341,280| |Current Liabilities| |Creditors: amounts falling due| |within one year|18|108,753|131,234|82,252|95,770| |Net current assets|1,885,111|2,067,529|2,048,515|2,245,510| |Total assets less current| |liabilities|4,124,075|4,244,971|4,122,121|4,243,018| |Creditors: amounts falling due| |-|-|-|-| |after one year| |Net assets|4,124,075|4,244,971|4,122,121|4,243,018| |Funds|21| |Unrestricted funds|4,124,075|4,244,971|4,122,121|4,243,018| |Restricted funds|-|-|-|-| |Total Funds|4,124,075|4,244,971|4,122,121|4,243,018|

----- End of picture text -----

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

The financial statements were approved by the Trustees on 24 October 2025.

Elaine Burtenshaw Janine Dyer Co-Chair of Trustees Co-Chair of Trustees

21

ISLE OF WIGHT DONKEY SANCTUARY CIO Registered Charity Number: 1159886 Consolidated Statement of Cash Flows For the year ended 31 December 2024

Notes
Cash flows from operating
activities
22
Cash flows from investing
activities
Interest receivable
Purchase of tangible fixed
assets
Disposal of tangible fixed
assets
Net cash provided by
investing activities
Change in cash and cash
equivalents in the year
Cash and cash equivalents at
the beginning of the year
Cash and cash equivalents:
Cash at bank and in hand
Short term deposits (included
in current asset investments)		 2024
2023
£
£
43,310
78,166
52,292
39,998
(250,173)
(350,279)
64,351
1,350
(133,530)
(308,931)
(90,220)
(230,765)
1,427,640
1,658,405
1,337,420
1,427,640
215,398
221,800
1,122,022
1,205,840
1,337,420
1,427,640
The Group		 2024
2023
£
£
77,113
108,468
52,292
39,998
(244,869)
(250,859)
63,900
1,350
(128,677)
(209,511)
(51,564)
(101,043)
1,361,944
1,462,987
1,310,380
1,361,944
188,358
156,104
1,122,022
1,205,840
1,310,380
1,361,944
The Charity

22

ISLE OF WIGHT DONKEY SANCTUARY CIO Registered Charity Number: 1159886 Notes to the Financial Statements

1 Accounting policies

Statutory Information

The IOW Donkey Sanctuary CIO is a charitable incorporated organisation incorporated in England and Wales. The registered office address and principal place of business is: St Johns Road, Ventnor, Isle of Wight, PO38 3AA

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 Charities Act 2011.

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 The Isle of Wight Donkey Sanctuary Limited 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.

23

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886 Notes to the Financial Statements

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 probable 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.

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 bank.

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.

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:

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.

24

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886 Notes to the Financial Statements

Operating Leases

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

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: Freehold land and buildings: 2% Straight Line Plant and equipment etc:. 10-25% Reducing Balance Motor vehicles: 25% Reducing Balance

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 short-term 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.

25

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886

Notes to the Financial Statements

2
Income from donations and legacies
Adopt a donkey scheme
Donations
Grants
Gift aid
Legacies		 2024
£
348,471
396,944
67,110
81,890
320,112
1,214,527		 2023
£
311,594
450,804
77,635
89,668
506,651
1,436,352
All income from donations and legacies, was attributable to unrestricted funds in 2024 and 2023 All income from donations and legacies, was attributable to unrestricted funds in 2024 and 2023
3 Income from other trading activities 2024
2023
Income from trading activities £
£
833,862
770,842
833,862
770,842
All income from other trading activities, was attributable to unrestricted funds in 2024 and 2023.
4 Investment Income 2024
2023
Interest receivable £
£
52,292
39,998
52,292
39,998

All income from investments was attributable to unrestricted funds in 2024 and 2023

26

Notes to the Financial Statements

ISLE OF WIGHT DONKEY SANCTUARY CIO

5a Analysis of expenditure (current year)

Staff costs (note 7)
Direct Costs
Advertising
Bank charges
Depreciation
Loss/(gain) on disposal
IT & Telephone costs
Legal and professional costs
Office and administration
Other costs
Premises costs
Travel and subsistence
Audit and accountancy
Support costs
Governance costs
Total expenditure		 Raising
Funds
£
29,209
38,579
-
-
-
-
-
-
-
-
-
-
-
67,788
67,182
-
134,970		 Charitable
Activities
£
640,255
191,480
-
12,751
107,511
(2,637)
-
93,382
-
66,827
182,520
16,009
-
1,308,098
67,182
26,564
1,401,844		 Other Trading
Activities
£
208,418
329,905
178
8,456
18,222
1,205
3,969
16,800
-
13,793
83,629
188
-
684,763
-
-
684,763		 Governance
Costs
£
17,324
-
-
-
-
-
-
-
-
-
-
9,240
26,564
-
(26,564)
-		 Support
Costs
£
52,187
-
33,435
-
-
37,301
-
11,441
-
-
-
-
134,364
(134,364)
-
-		 Total
£
947,393
559,964
33,613
21,207
125,733
41,270
110,182
11,441
80,620
266,149
16,197
9,240
2,221,577
-
-
2,221,577

All expenses were attributable to unrestricted funds in 2024.

27

ISLE OF WIGHT DONKEY SANCTUARY CIO Notes to the Financial Statements

5b Analysis of expenditure (prior year)

Staff costs (note 7)
Direct Costs
Advertising
Bank charges
Depreciation
Loss/(gain) on disposal
IT & Telephone costs
Legal and professional costs
Office and administration
Other costs
Premises costs
Travel and subsistence
Audit and accountancy
Support costs
Governance costs
Total expenditure		 Raising
Funds
£
56,423
-
-
-
-
-
14,628
-
-
-
-
-
71,051
37,394
-
108,445		 Charitable
Activities
£
556,449
176,689
10,322
93,228
(75)
-
37,988
58,098
169,597
36,567
-
1,138,863
37,394
21,716
1,197,973		 Other Trading
Activities
£
250,456
319,033
872
8,067
17,920
-
2,433
11,987
-
21,756
56,683
368
-
689,575
-
-
689,575		 Governance
Costs
£
12,210
-
-
-
-
-
-
-
-
-
-
9,506
21,716
-
(21,716)
-		 Support
Costs
£
3,480
-
23,357
-
-
22,903
25,048
-
-
-
-
74,788
(74,788)
-
-		 Total
£
879,018
495,722
24,229
18,389
111,148
25,336
64,603
25,048
79,854
226,280
36,935
9,506
1,995,993
-
-
1,995,993

All expenses were attributable to unrestricted funds in 2023.

28

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886

Notes to the Financial Statements

6
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation
(Profit)/loss on disposal of fixed assets
Auditor's remuneration
7
Staff costs
Number of employees
The average number of employees during the year was:
Farm Staff
Office Staff
Marketing
Fundraising Staff
Café Staff
Shop Staff
Estate Management
Employment costs
Salaries and wages
Social security costs
Employer's contribution to defined contribution pension scheme.
Other employment benefits
Temporary staff		 2024
£
125,732
(1,432)
6,840
2024
Number
10
11
1
1
13
4
3
43
2024
£
861,336
61,087
13,926
2,424
8,620
947,393		 2023
£
111,149
(75)
7,106
2023
Number
10
12
0
2
19
3
3
49
2023
£
811,389
54,534
13,095
-
-
879,018

The number of employees whose employee benefits (excluding employer pension contributions) exceeded £60,000 was:

One employee in the £60,001 – £70,000 band (2023 – none).

No trustee received any remuneration or reimbursement of expenses in the year (2023: Nil)

Key Management Personnel

The total employment benefits, including employer pension contributions, of the key management personnel were £129,222 (2023 – £130,225).

Key management personnel comprise three individuals.

Stephen Tobitt – Management Consultant (engaged as a freelance consultant from December 2024; consultancy costs are not included within the employment costs disclosed in Note 7).

29

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886

Notes to the Financial Statements

8 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
Employer's pension cost		 2024
£
13,926
13,926		 2023
£
13,095
13,095

9 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.

10 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, The Isle of Wight Donkey Sanctuary Ltd, gift aids available profits to the parent charity. Its charge to corporation tax in the year was £nil (2023: £nil).

30

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886

Notes to the Financial Statements 11 Tangible fixed assets

Group and charity
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
Charity
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Land and
buildings
£
2,102,647
59,953
-
2,162,600
328,380
41,168
-
369,548
1,793,052
1,774,267
Land and
buildings
£
2,102,645
59,953
-
2,162,598
328,378
41,168
-
369,546
1,793,052
1,774,267		 Plant and
machinery
etc
£
581,792
135,333
(88,526)
628,599
197,506
77,970
(29,753)
245,723
382,876
384,286
Plant and
machinery
etc
£
359,427
130,029
(86,624)
402,832
155,077
59,747
(29,508)
185,316
217,516
204,350		 Motor
vehicles
£
51,304
54,887
(11,474)
94,717
32,415
6,594
(7,328)
31,681
63,036
18,889
Motor
vehicles
£
51,304
54,887
(11,474)
94,717
32,415
6,594
(7,328)
31,681
63,036
18,889		 Total
£
2,735,743
250,173
(100,000)
2,885,916
558,301
125,732
(37,081)
646,952
2,238,964
2,177,442
Total
£
2,513,376
244,869
(98,098)
2,660,147
515,870
107,509
(36,836)
586,543
2,073,604
1,997,506

Totals in this note may not sum precisely due to rounding to the nearest £.

31

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886 Notes to the Financial Statements

12 Investments Charity

OF WIGHT DONKEY SANCTUARY CIO
stered Charity Number: 1159886
s to the Financial Statements
Investments
Charity Subsidiary Undertakings
2024
£		 2023
£
Cost and net book value at 1 January and 31 December 2 2
Details of the subsidiary undertakings are set out below:
The Isle of Wight Donkey Sanctuary Limited County of
Incorporation
England		 % Held
100

The charity's investment is in respect of it's wholly owned subsidiary, The Isle of Wight Donkey Sanctuary Limited, a company which operates trading activities for the charity by operating a café and gift shop. The Isle of Wight Donkey Sanctuary Limited is a company registered in England.

13 Subsidiary undertaking

The charity owns the whole of the issued share capital of The Isle of Wight Donkey Sanctuary Limited, a company registered in England. The company number is 03020657. The registered office address is SHMS House, 20 Little Park Farm Road, Fareham, Hampshire, United Kingdom, PO15 5TD.

The subsidiary is used for non-primary purpose trading activities, in the form of operating a café 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
Turnover
Cost of sales
Gross profit
Administrative expenses
Other operating income
Profit on ordinary activities
Deed of covenant to parent undertaking
Profit for the financial year
The aggregate of assets, liabilities and funds was:
Assets
Liabilities
Funds		 2024
£
833,861
(329,904)
503,957
(354,861)
3
149,099
(149,099)
-
263,804
(261,849)
1,955		 2023
£
770,842
(319,033)
451,809
(370,541)
-
81,268
(81,268)
-
309,287
(307,332)
1,955

Amounts owed to/from parent undertaking are shown in note 16

32

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886 Notes to the Financial Statements

14 Parent Charity

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

Gross incoming resources
Result for the year		 2024
£
1,415,919
(120,894)		 2023
£
1,557,619
251,196

Result for the year includes a donation from subsidiary undertaking of £149,099 (2023: £81,268)

15 Stocks

Stocks held for other trading
activities		 2024
2023
£
£
68,380
57,919
68,380
57,919
The Group		 2024
2023
£
£
-
-
-
-
The Charity

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

16 Debtors: amount falling due within one year

Other Debtors
Prepayments
Amounts due from group
undertakings
Accrued income
Trade Debtors
Legacies receivable
17
Current asset investments
Short term deposits		 2024
2023
£
£
1,932
2,847
28,273
30,165
-
-
26,708
33,892
290
1,000
530,861
645,300
588,064
713,204
2024
2023
£
£
1,122,022
1,205,840
1,122,022
1,205,840
The Group
The Group		 2024
2023
£
£
1,932
2,500
24,958
25,773
235,928
271,870
26,708
33,892
-
-
530,861
645,300
820,387
979,335
2024
2023
£
£
1,122,022
1,205,840
1,122,022
1,205,840
The Charity
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 4 months. The average interest rate was 4.63%.

33

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886

Notes to the Financial Statements 18 Creditors: amounts falling due within one year

2024
2023
£
£
Trade creditors
52,619
79,946
Taxation and social security
25,390
25,792
Other creditors
1,811
5,855
Accrued expenses
27,942
17,165
Credit Card
991
2,476
108,753
131,234
19
Analysis of group net assets between funds (current year)
General
unrestricted
£
Net assets
4,124,075
4,124,075
20
Analysis of group net assets between funds (prior year)
General
unrestricted
£
Net assets
4,244,971
4,244,971
The Group		 2024
2023
£
£
43,953
62,918
12,491
15,734
68
1,966
25,329
13,735
411
1,417
82,252
95,770
Restricted
funds
Total funds
£
£
-
4,124,075
-
4,124,075
Restricted
funds
Total funds
£
£
-
4,244,971
-
4,244,971
The Charity

34

ISLE OF WIGHT DONKEY SANCTUARY CIO

Notes to the Financial Statements

21a Movements in funds (current year)

Unrestricted funds
General
Designated funds - Equine
Treatment Centre Fund
Restricted funds
Total funds		 As at 1 Jan
2024
£
3,998,281
246,690
-
4,244,971		 Income &
Gains
£
2,099,681
1,000
-
2,100,681		 Expenses &
Losses
£
2,221,577
-
-
2,221,577		 Transfers
between
funds
£
-
-
-
-		 As at 31 Dec
2024
£
3,876,385
247,690
-
4,124,075

There were no restricted funds in 2024.

Equine Treatment Centre Fund

At 1 January 2024, designated funds comprised £246,690 in respect of the Equine Treatment Centre. A donation of £1,000 was received in the year and there were no expenditures or transfers relating to the designation during the year. Accordingly, at 31 December 2024 the designated fund balance remained £247,690.

Revised planning permission was granted in June 2024 for a smaller, less complex facility. Before proceeding, a review was undertaken to assess whether costs could be reduced further by converting existing barn space for treatment use and constructing a separate rehabilitation barn. This assessment was completed in early 2025, and the decision made to proceed with the build using a revised, more flexible internal layout.

35

Notes to the Financial Statements

ISLE OF WIGHT DONKEY SANCTUARY CIO

21b Movements in funds (prior year)

Unrestricted funds
General
Designated funds - Equine
Treatment Centre Fund
Restricted funds
Total funds		 As at 1 Jan
2023
£
3,743,772
250,000
-
3,993,772		 Income &
Gains
£
2,247,192
-
2,247,192		 Expenses &
Losses
£
1,992,683
3,310
-
1,995,993		 Transfers
between
funds
£
-
-
-
-		 As at 31 Dec
2023
£
3,998,281
246,690
-
4,244,971

There were no restricted funds in 2023.

Equine Treatment Centre Fund

Funds of £250,000 were designated in 2022 in respect of the building and fitout of an Equine Clinic. Following a comprehensive feasibility study being completed, the original plans were revised, necessitating an application for a variation in planning permission and significantly delaying the project. Some initial planning costs were incurred in 2023 in relation to planning etc. as part of this process.

36

ISLE OF WIGHT DONKEY SANCTUARY CIO

Registered Charity Number: 1159886 Notes to the Financial Statements

22 Reconciliation of net income to net cash flow from operating activities

Net income for the reporting period
Adjustments for:
Depreciation charges
(Profit)/Loss on disposal of fixed assets
Interest receivable
(Increase)/Decrease in stocks
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash provided by operating activities
23
Comparatives for the statement of financial activities
2023
2023
Unrestricted
Funds
Restricted
Funds
£
£
Income from:
Donations and legacies
1,436,352
-
Other trading activities
770,842
-
Investment Income
39,998
-
Total incoming resources
2,247,192
-
Resources expended
Raising funds
108,445
-
Charitable activities
1,197,973
-
Other trading activities
689,575
-
Total resources expensed
1,995,993
-
Net Income
251,199
-
Reconciliation of funds
Total funds brought forward
3,993,772
Total funds carried forward
4,244,971
-		 2024
£
(120,896)
125,732
(1,432)
(52,292)
(10,461)
125,140
(22,481)
43,310
2023
Total Funds
£
1,436,352
770,842
39,998
2,247,192
108,445
1,197,973
689,575
1,995,993
251,199
3,993,772
4,244,971		 2023
£
251,199
111,149
(75)
(39,998)
(20,165)
(278,682)
54,738
78,166
2022
Total Funds
£
1,470,145
691,365
2,543
2,164,053
114,525
974,981
587,803
1,677,309
486,744
3,507,028
3,993,772

There were no restricted funds in 2022.

37

ISLE OF WIGHT DONKEY SANCTUARY CIO Registered Charity Number: 1159886 Notes to the Financial Statements

24 Operating lease commitments payable as a lessee

The group's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods

Less than one year
More than one year		 2024
2023
£
£
1,164
1,997
-
1,164
1,164
3,161
Equipment

25 Capital commitments

At the balance sheet date, the group had no capital commitments.

26 Controlling party

The charity is controlled by its trustees

27 Material Legacies

Legacy income is recognised as incoming resources when the charity has received the legacy, or when both the receipt and the amount can be reliably estimated and are considered probable. As of 31 December 2024, the charity had no legacies for which the amount or likelihood of receipt could not be determined. Consequently, there are no material legacies to report as of 31 December 2024.

38

Isle of Wight Donkey Sanctuary CIO Registered Charity number 1159886