Page 22 GOODHEART ANIMAL SANCTUARIES COMPAI4Y LIMrrED BY GUARAiYfEE NOTKS TO THE FINANCIAL STATEMEN15 YEAR ENDED 31 DECEMBER 2021 14. RELATED PARTY TRANSAcfioNS During the year ended 31 December 2021 the ciwity received donations anM)unting to £467.431 (December 2020: £113.126) from the TTUStecs. excluding gift aid recoveri&s.
Page 21 GOODHEART ANIMAL SANCTUARIES COMPANY LIMrrED BY GUARANTEE NOTLS TO THE FINANCtAL STATEMENfS YEAR ENDED 31 DECEMBER 2021 11. RECONCILIATION OF RESTiucfED FUNDS Balance 8t l Jan 2021 Incoming Outgoing resources Balance at 31 Dec 2021 Moondance Foundation National L(Xtery Olsen Animal Trust Waterl(K) Foundation F£clesiastical InsurarKc Tasco Bags of Help- Groundwork UK Animal Friends InsuTance Animal Defe¢ Trusi Anonymi)us 20,924 975 20,924 975 {20,000) {6S00) (1.000) 600 1,000 15.(M)O) 1,000 17,135 (17,135) 41899 31,635 (49.635) 23,899 11 RECONCILIATION OF UNRKSTiucfED FUNDS Bolance at l Jon 2021 In¢oming Outgolng rtsources Balance At 31 Dee 2021 General Fun&8 3.263.731 648,705 (557,390) 3,355,046 13. CASH GENERATED FROM OPERATIONS 2021 2020 Net movement in funds for the p1 73J15 (51,370) Adjwtments for: Depreciation of tangible assets Amortisation of intangible asse 50,161 1337 30,801 1.731 12A,713 (18,838) Movements ID worklng caplt41: (IncreaseyDecrease in sIk DraSe/{1ncre8Se) in debi(ffs Incrca5eJ(Decrease) in cr1¢¢5 (3,974) 21,279 20,401 5(K) 47,622 6,558 Cash generatedllused in) from operatio 162.419 35,842
Page 20 GOODHEART ANIMAL SANCTUARIES COMPANY L]mED BY GUARANTEE NOTLS TO THE FllYANCIAL STATEMEKrs YEAR ENDED 31 DECEMBER 2021 & TANGIBLE FIXED A&SEI3 LaThl and Building buildings improvennts EquipD)ent Vehicles Totsl COST At l January 2021 Additions Disposals 2.992J80 373296 192J68 4470 14934 3A25,180 192,368 At 31 December 2021 199¥80 565.664 4470 14,934 3,01748 DEPRECIATION At l January 2021 Charge for the year On disposals At 31 Decernber 2021 129,982 30.455 24,634 IlJ14 37,732 13,380 I$4 205,728 50,161 160A37 35,948 41570 14934 255.889 NET BOOK VALUE At 31 December 2021 31943 529,716 3J61,659 At 31 December 2020 2.862,398 348.662 6.838 1.554 3,219.452 DEBTORS 2021 2020 Trade debtors Other debtors Prepayments 30,677 13,654 44Wi 58,107 7.503 65.610 10. CREDITORS: anx>unts f4ll1 due within one year 2021 2020 Trade creditors PAYE and social securily Accruals 23,728 3,756 14.116 8.351 3,955 8,893 41,600 21,199
Page 19 GOODHEART ANtMAL SANCTUARIES COMPANY LIMITED BY GUARANTEE NOTFS TO THE FINANCIAL STATEMEwrs YEAR EIYDED 31 DECEMBER 2021 NET MOVEMENT IN FUNDS FOR THE PERIOD This is stateA after Charg. 2021 2020 Auditors. remunuation Amortisation Depreciation 4,2(Kl 1.237 50.161 4.200 1.731 30,801 STAFF COSTS AND EMOLiJMENIS Total stalrcosts were as follows: 2021 2020 Wages and salarias Srtial security costs Other pension costs 181,710 11,840 4,059 197,609 91,988 4.325 1,963 98.276 Particulars of employees: The average nun*u of employees during the puiod was as follows: 2021 2020 saluary staff No employee rlxeived remuneration of nyxe than £60.IKM) pro rath durin8 the year (2020- Nil). INTANGIBLE FIXED A&SETS Total COST Ai l January 2021 Additions 11,872 At 31 December 2021 11,872 DEPRECIATION At l January 2021 Charge for thc At 31 December 2021 10,635 1,237 11,872 NET BOOK VALUE At 31 December 2021 At 31 Decembtt 2020 1,237
Page 18 GOODHEART ANIMAL SANCTUARIES COMPANY LIMrrED BY GUARANfEE NOTLS TO THE FINANCIAL ATEms YEAR ENDED 31 DECEMBER 2021 ANALYSIS OF TOTAL RKSOURCES EXPENDED CbAritabk tiviti Supwjrt Total fuThts 2020 2021 Cost of raising funds 79*27 20.429 11)0.256 37.342 Support to other animal sancluaTies and charities 123J16 19J23 143,139 83,775 Support G(xxlheart Animal Stuary 278AII 85,219 363,630 210.162 4&054 124.971 607,025 331,279 Supp(Yl to other sancluaries ¢omprise various ¢ontributiOJk8 to Wi¢caweys Rcu¢ll Border colli and Working She¢pdogs CIC. ID addition to thesc monew contributions both the Fam Animal Sanctuary and Wiccaweys Rescued Border Collies and Working Sheepdogs CIC also benefit from th¢ (K¢upan¢y of land and buildings owned by the charity on a rent-free basis. 4& SUPPORT Co5 ALLOCATION FaclMtieJ and estates ManagenRnt Total 2021 Total 2020 Costs of raising funds Charitable a¢tivitl¢s- Relief of suffering of animals Support to other animal sanctuaries and harities Support GOheart Animal Sanctuary 20,429 20,429 3,288 19J23 43,449 19J23 6,436 85,219 36,567 41,770 41,770 83,201 124,971 46,291 All indire¢t support costs have been allwated into our main areas of expenditure as rawired by Chariti< SORP FRS 102. This 8iV&8 an all(Kation of our resources as follows: Costs of generating funds 16.560% Charitable activities- support to other sanctuaries 25.685% Charitable activities- support to Go(xlheart Animal satUary 57.755% Facilities and estat&S are primarily allwated on a usage basis whilst management costs are allocated on the basis of dir¢ci resources spent.
Page 17 GOODHEART ANIMAL SANCTUARIES COMPANY LIMTTED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLIC (Continued) Financial instruments The Charity only has fina11 assets and ftnancial Itabilities of a kind that qualify as basic financial instruments. Basic fuuncial insfftiments are initially recognised at tratJsa¢tion value and subsequendy measured ai their settlement valu VESTMENT INCOME 2021 2020 Intetest reLeived 13 OTHER INCOMING RESOURCFS 2021 2020 Rurnl payments agency Miscellaneous income 7,032 60 7,446 35 7,092 7.481
Page 16 GOODHEART ANIMAL SIlNCTUARIFS COMPANY LIMrrED BY GUARANTEE NOTLS TO THE FINANCIAL STATEMENIS YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIKS (eonlinued) Anx)rtisatffton Amortisation is calculated so as to Write off the cost of an less its cstimated rtsidual valu over the use1 OnOMIC life of that asset a8 follows.. Branding 25% OD a straight line basis Fixed ets and depreclation All fixed assets are initially rOrded at cost. A review for impairmeni of a ftxed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be r0verable. Shortfall5 between the carrying value of red assets and their re¢oYerable amounts are regnised as impairment5. Impairmeni loss&8 are recognised in the Statemeni of FiJ)ancial Activities incorporating Income and Expendtiure Account. Tangible fixed assets carried at cost. net of dq)reciaiion and any provision for impairmeni. Depreciation is n(X charged on freehold land. Depre¢iaiion is provided ai rdtes lo write off the cost of fixed as5e¢s, less their e5timaied rtsithia] valu< OV their expected useful live5 on the following basis: Freehold property Buildings improvements Equipment Vehicles 2% on a straight line basis. land is not depreciated. 2% on a straighi line basis 25% on a straight line basis 25% on a straight line basis Debtors Trade and other debtors att re¢o8nised at the settlement arn¢. Prepayments are valued at the amount prepaid. C&sh at bank and In hand Cash ai bank and in hand inclu(ks cash and shon ierni highly liquid investments wilh a short maturity of three months or le&$ fTom the dale of aquisition or (wening of (he deposit or similar account. Llgbilitles Liabilities are OgniSed when theJe is an ci)ligation at Ik Balance Sheet da th¢ result of a past event, it is probable that a transfer of onoMiC benefit WAII be requlred in settlement, and the amount of the setilcment can be tiMated reliably. Liabiliti&s are rognISed at the amount that the Charity anticipates it will pay to seltle the debi or the amount it has received as advatKed payments for the goo(ts or servic£s it must provid
Page 15 GOODHEART ANIMAL SANCTUARIES COMPANY LIMrrED BY GUARknYTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES (coHtiRuedJ Fund Counting General funiis are unrestricted funds which are available for use at the discrclion of the trustea8 in furtheraDce of the general ObJiLyeS of the clwiiy and which have noi been designaied for other purpos¢s. Designated fun(Ls comprise of UnTtria¢d funds thai have been set aside by the trust for particular purposes. Restricted bjnds are funds which are to be used in accordance with SplfIC restrictions imposed by donors or which have been raised by the clthTiiy for particular purpos&8. The cost of raising and administering such funds are charged agai( the specific fund. The aim and usc of each fund is set out in the notes to the financial sta*ments. Income All incoming rescljrces are included in the statement of financial activities when the charity is entitled to the income and the amc4Jnt can be quantified with reasonable accuracy. Income tax 0Verable in relaiions donaiions re1ved under Gift Aid or deeds of covenant is rOsnised ai the time of the donaiion. Investment income is included where re1Vable. Expendlture Expenditure i$ r¥o8nised once ihere is a legal or construciive obligation to transfer economic benefil lo a third party? it is probable thai a transfer thai a fer of economi¢ benefits will be required in settlement and the amount of the ci)Iigauon can be measured reliably. Expenditure is ¢lassified by activity. The cosis of each activity are made up of the total of dIrt costs and shared costs. including support Costs involved in undertaking each activity. Direct costs attributable to a single activity are allated directly to that activity. Shared costs which contribute to more than one activiiy are apportioned between those aaiviues on a basis consistent with the use of SoUrc. Grants payable are charged in the year when the offer is made except in those caxs where the offet is Conditional, such Is grants being recognised as expenditure when the conditions attaching fulfilled. Grants offered subjeci io conditions which have ncrt been met at the year end are noted as a comtnilmcni bui not accrued as expenditure. All expenditure 1$ inclusive of irrecoverable VAT.
Page 14 GOODHEART ANIMAL SANCTUARIES COMPANY LIMTfED BY GUARAKfEE NOTKS TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 AccouNfiNG POLICIFS Basis ofaecounting The financial staiements of ihe Chitable company. which is a public benefit entity under FRSlff2. have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities.. Statement of Recommended Praciice applicable to charities preparing their accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) (effective l January 2015).. Finala1 Rortillg Standard 102 'The Financial Reporting Standard appli¢able in the UK and the Republic of ITeland' and the Companies Act 2tK)6. The financial statements have been prepared undex the hisiorical cost convention. Critie81 gccounting judgements and key sources ofestimftdon uncertalnty In the appli¢ation of the company's accounting policics. which are described in this notq Truste are required to make judgements. esiimai&s and assumptions about the eing values of assets and liabilities that are nol readily apparent from her sources. The estimates aThJ underlying assumption5 are based on hisiorical experience and other factors that are considere(I lo be relevani. Actual results may differ from these egtimai&s. TJK estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting esiimat&s are 08iSed in th¢ period in which the estimaie is revised if the revision affects only that lO(L In preparing these financial siatements, the directors hav¢ made the following judgements: - A provision is recognised when the company has a prent legal or construclive thligalion a8 a result of a pasi eveni for which it is probable that an outflow of resources will be required to settle the obligation and Ihe &mounl can be reliably &stimated. If the effect is material, provisions ore determined by discounting the expected fulure cash flow ai a rate thai renects the lime value of money and the risks specific lo the liability. - Whher a tttsent i)bli8ation As prdlable or wuirts judgement. The nature and type of risk8 for these provisions differ and Trustee's judgement is applicd regardin8 the nature and extent of obligations in deciding if an ouiflow of resour¢¢s is prcl)able or n(rt. - Depreciation and rIdual values. Trustees have reviewed the 8&5¢t Ilves and aSSl81ed residual values of all flxed a¢1 classes aTrJ concluded that they are appropriats. The actual lives of the assets and SidUal values are asw¢d annually and may vary depending on a number of factors. In re-ass&%sing assa livcs, factors such as thnologIcal innovation, product life cycles and maintenare programmes are taken into aount. RIdual value assessments consider issu&% such as future markel conditions, remainin8 life of the ass and projects disposal values. Company statu5 The charity is a company limited by guardnteo The r*mbers of the Company are the trustees named on the members of the iM)ard pag& Jn the event of the charily being wound up the liability in reSPt of the guarantee is limtted to £1 per memb¢r of the charity.
Page 13 GOODHEART ANIMAL SANCTUARIES COMPANY LIMrrED BY GUARANfEE STATEMENT OF CASH FLOWS 31 DECEMBER 2021 2021 2020 Nole CASH FLOWS FROM OPERATING AcrIvrTIFS Nei cash provided by operating activiti 13 162,419 35,842 CASH FLOWS FROM [NvKSTG AcfiviTILS Purchase of tangible red assels Purchase of intangible assets NET CASH USED IN INVFSTING A1VITI$ (192a68) (40,028) (192J68) (40.028) CHANGE IN CASH AND CASH EQUIvALs IN THE PERIOD 129,949) (4,186) Cash and cash equivalents br(g fimd 40,030 44,216 CASH AND CASH EQUIVALENTS CARRIED FORWARD 10,081 40.030 RELATING TO: Cash at bank and An hand 10.081 40.030 The t£S form part ofthese financial statemen1&
Pgge 12 GOODHEART ANIMAL SANCTUARIES COMPANY LIMTfED BY GUARANTEE BALANCE SHEET. 31 DECEMBER 2021 2021 220 Nole FIXED ASSETS Intangible assets Tangible assets 1,237 3.219,452 3J61ffj59 CURRENT ASSETS Stock Debtors Cash at bank and in hand 4474 44J31 10.081 500 65.610 40.030 106.140 21.199 CREDITORS: anb)unts falling due within one year io 41,61KJ NET CURRENT ASSETS 17286 84.941 TOTAL ASSETS LESS CURRE LIABILITIFS 3J78945 3,305.630 NET ASSETS 3?78945 3,305,630 FUNDS Restricied funds Unrestricted funds 23,899 41,899 3J55,(M6 3.263.731 12 TOTAL FUNDS 3J7W 3,305,630 These financial statements were approved by th¢ Trusleas and auth()rised for iSSU¢OD the 9 August 2022 and are signed on their behalf by.. Company Registration Number: 09596510 The Thites forni part ofthese finaneial ststement
Page 11 GOODHEART ANIMAL SANCTUARIES COMPANY LIMrrED BY GUARAiYfEE STATEMENT OF FINANCIAL A1VITIEs (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2021 Unrestricted Restricted Total funiLs funds funds 2021 Total funds 2020 Note COmG RKSOURCFS Incoming rmr¢s from generating funds.. Investment inc(xne Donations and grants 13 272,415 7.481 641.611 7,092 31,635 673,246 7,092 TOTAL INCOMING RESOURCES 648.705 31.635 680,340 279,909 RESOURCKS EXPENDED Charitable Activities sllpp cosis 432,419 124,971 49,63S 482,054 .124,971 284.988 46,291 TOTAL R&SOURCFS EXPENDED 557090 49,635 607,025 331.279 NET NI0VEmE IN FUNDS FOR THE PERIOD 91J15 (18,(N)o) 73.315 151.370) RECONCILtATION OF TriiNDS Total funds brixJ8hi f(Yward 3.263.731 41.899 3.30S,630 3,357,000 TOTAL FUNDS CARRIED FORWARD 3,355,046 23,899 3.378,945 3.305,C)30 The Statement of Financial Artivitits includts ail gains and losses in the period and th¢fore statement of Ial recogni5ed g4io8 and Iiw&s has not been prepared. All of thc atrK>v¢ amounts relaie (o continuing activities. The Th)tos forni part olthese finxneial statemeDL
Page 10 GOODHEART ANIMAL SANCTUARIES COMPANY LIMITED BY GUARAKfEE INDEPENDENT AIIDITOR'S REPORT TO THE MEMBERS OF GOODHEART ANIMAL SANUUARIFS (cwwd) YEAR ENDED 31 DECEMBER 2021 estimates are indicative of a potcntial bias; and evaluating the business rationale of any signifjcant transactions that are unu.sual or outside the norn] course of business. - considering performance thrgets and their infiuen¢e on efforts made by ngement to manage income streams and control costs. We also communicated relevant identified laws and regulations and PO¢ential fraud risks to all engagement team members and renwined alert to any indications of fraud or non•compliance with laws and regulations throughout the audit. Because of the inhereni limiiations of an audiL there is a risk that we will not detect all irregularities, including those leading to a fflaterial misStament in the fInla] statements or non-compliance with rcgulation. This risk ineaseS the more ihat compliance with a law (Y regulation is removed from the events and iransactions refle£ied in the fujancial Siatemenis, as we will be Icss likely to become aware of instances of non-compliance. The risk is a150 greaier regarding irregularities [crring due to fraud rather than error. as frdud involves intentional concealment, forgy. collusiorn omission or misrepr&sentation. A further descripiion of our responsibilities for the audit of the financial staments is Iated on the Financial Reportins Council's website at www.frc.or8.uklaudltcrtresnSlbI1ltsd$. Thi5 description forms pan of our Report of the AuditOTS. Use of our report This report is made solely to the charitable ¢ompany'5 Irustees. as a bTrJy in a¢cordance with Part 4 of the Charities (Ae¢ounts and Reports) Regulalions 2CKJ8. Our audil work lias len underiaken so that we might slate lo the charitable company's trusie&s those matters we are rquired to slate to Ihem in an auditor's report and for no other purpos& To the fullest exienl Pmitted by law. we do not accept or assume responsibtlity I a5 a by, for our a nyone other than Ihechariiable company and the chaTitablecompany's trusleos t worL for this report, or for the opinioJL8 we have formed. Stephen Butler BA FCA Isenior Staiutory Audil(r) For and on behalf of Hain&8 Watts Tamworth Limit Chartered Accounthnts and Siaiutory Auth'tQTS Sterling House 97 Lichfield Street Tamworth Staffordshire B79 7QF 9 Augu512022
Page 9 GOODHEART IINIMAL SANCTUARIES cOmPNy LIMrrED BY GUARANTEE INDEPENDENT AUDTTOR'S REPORT TO THE MEMBERS OF GOODIIEART ANIMAL SANcfuARIES ( YEAR ENDED 31 DECEMBER 2021 Audltor's responslbllltiQ8 for the audit ofthe financiol statements Our Objectiv are to obtain reasonable assurance ab1 whdher the financial statements as a whole are free from material misstatement. wbdhu due to fraud or ernx, and co issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee Ihac an audit conducted in ac¢ordanc¢ with ISAS (UK) will always ddect a material misstaiewnent when it exi4¢S. Misstatements Can arise from fraud or error and are considered maierial if, individually or in the aggregac< they could reasonably be expttted to I[uenCe the economic decisions of users taken on the basis of these financtal sthtements. The ¢xceni ¢0 which our pr(Kedures are capabk of deteaing irr¢guIarities. including fraud is detailed below.. Identifying and potentlal rLsks related to Irregularities In id¢nfifying and assSing risks of material misslament in resp1 of irregulariti&s. including fraud and non-conwliance with laws and regulatio. we considered the following.. - results of our enquiries of management and trustees aboui their own identification and assessment of the risks and irregularities any mai(ers we idertlified having obtained an utKleJsianding of the charithble company policies and PredureS relating io identifying. evaluaiing and conylying wilh laws and regulations and wheiher Ihey are aware of any inslances of non-compliance detecting 4nd SpondIng to the risks of fraud aThl whdheT they have knowledge of any aclual. suspected or alleged fraud the internal controls set up lo mitigate risks of fraud or non<ompliance with laws and regulations the matters discussed among Ihe audit engagement i¢am regardin8 how and where fraud might (Kcur in (he financial siatsments and any wenlial indicaiors ol Iraud. - obtaining an understanding of the legal and regulaiory framework thai the chariiable company operates in, focusing on those laws and regula¢ions thai had a direci effect on the financial statements. including UK Companies A¢t 2(K)6, pensions and w legislation provisions o( other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamenral to the chariiable company's abilily 10 operate or lo avoid maierial penalty. These include the impact of non adhe¢¢ to animal welfare requirements and safety legislation surroundAll8 public visits to the sanctuary when taking part in educational programme8. As a result of performing the above. we did n(* identify any key audit matters related to the poten(ial risk of fraud or non-compliance with laws and re8uiations. Audlt respow to rLsks Identitled Our procedur to rtspond to risk% identified included the following.. reviewing the financial statement disclosures and tasting to suprKJrting documentation to assess compliance with provisions of relevant laws and regulatio$ dribed as having a direct efft on ihe rinancial statements - enquiring of management concerning acal and entIal legal action and clain - carrying out analytical pffKedures to identify any unusual or unexpted relationships that may indicate risks of material misstatemeni due to fraud in addressing the risk of fraud through management override of ¢ontrols. tosting the appropriateness of journal entries and other adjustments: assessing whdher the JUdgenIS made in making accounting
Page 8 GOODHEART ANIMAL SANCTUARIES COMPANY LIMTfED BY GUARANfEE INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF GOODHEART ANIMAL SANcfuARIES (cojrtillrwd) YEAR ENDED 31 DECEMBER 2021 Other information The trustees are responsible for the other information. The (rther inforn)ation compris the information included in the trustees. annual report. er than the financial statements, and our audiior's report thereon. Our opinion on the financial statements does cover the other infornlation and, except to the extent otherwis¢ explicitly stated in our reporL we do tt express any forni of assurdnce conclusion thcreon. In connection with our audit of the financial statements. our resFrfill51bi]ity is to read the other information and. in doing so, consider wheiher the other information is materially inconsistent with the financial statements or our knowledge (taIned in the audit or otherwise appears to be materially misstated. If we identify such material inci)nsistencies or apparent material misstatements, we are required io determine wheiher there is a matuial misstatement in the financial statements or a material misstatemeni of the other infornution. If. based on the work we have perfOrTh we conclude that there is a material misstatement ol this other 1nfornlauo we are required to rep(ft that facL We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 21M16 In our opinion, based on the work undenaken in the course of the audil: the information given in the truslees, repth for the finala1 yw for which th¢ financial sialemenls are PT¢pared is consistent with the financial statements- and the truste¢. Tq)Ort has been prepared in accordae wilh applicable legal requirements. Matters on whlch we are required to report by exceptlon In the lighi of the knowledge and understhnding of the charitsblc Company and 115 environment obtained in the ¢ourse of the audit, we have noi identified material misstatements in the tTUSt¢e' r¢port. We have nothin8 to report in respect of the following mailers in relaiion to which the compani Act 2006 rcquir&s us to report to you if, in our opinion: adequate accounting records have not been kepL Ix returns adequate for our audii have been received from branches not vi8iled by u%. or the financial siaiements are not in agreement with the aCcintIng records and returns: or certain disclosures of directors. remuneration specified by law are not made; or we have not received all the infOrnOn aThJ explanatio we require for our audit RespolbIlItIeS of trustees As explained more fully in the trusw. responsibi]ities statement set out on page 6. the trus*es (who are also the d)r19T$ of the charitable company for the purrM)ses of company law) are responsible for the preparation of the financial statemenis and for b¢ing 5atisfJed that they give a true and fair view. and for su¢h internal control as the trustCC5 det¢rmin¢ is n¢c&ssary to enable the preparation of financial stalements that are free from maleTial mlsstalenl. whdher thie to fraud or error. In preparing the fInala1 sialements. the ISteeS are responsible for assessing the charitable company's ability to continue as a going Conc disc105in& as applicabl@ matlers relaied to going concern and using the going coern basis of accounting unles5 the trnstees either intend to liquidate the charitable company or to cease operatioJL8. or have no realistic alnauve but do so.
Page 7 GOODHEART ANIMAL SANCTUARIES COMPANY LIMTTED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THF MEMBEILS OF GOODHEART ANIMAL SANCTUARIKS YEAR ENDED 31 DECEhlBER 2021 Oplnlon We have audited the financial statements of Go(xlheart Animal Sanctuaries (the 'charitable company,) for the year ended 31 December 2021 which comprisethe slement of financial actiyities. balance sheet. statement of cashfiows and notes to the financial staiements, including a sumtnary of significant accounting policies. The fjnancial reEing framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, irKluding Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdotn Genernlly Accepted Accounting Practice). In our opinion the fitwi¢ial slalemeDts: give a true and fair view of the state of the charitable company's affairs as at 31 Dember 2021. and of its incoming resources and application of resources. including its incom¢ and expenditure, for th¢ period then ended: have been properly prepared in accordanc¢ with United Kingdom Genttally Accepted Accounting Practi¢¢: and have been prepared in accordaKe with th¢ requiremenis of the Companies Acl 2006. Basts for oplnlon We conducted our audit in accdanCe with Iniernational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our restM)nsibililies under those siandard% are further d&scribed in the Auditor's responsibilities for the audil of the fInarla1 statements section of our rewyrt. We are independent of the charitable company in aordanCe wilh the ethical ro4uirements that are relevant to our audii of the financial statements in the UK. including th¢ FRC'S Ethical Standard, and we have fulfilled our other ethical responsibililies in accordance with th£se requirements. We believe that the audit evidence we have (*Jlained is sufficieni and appropriate to provid¢ a basis for our opinion. concl10$ re12tlng to golng concern In auditing the financial statements. we have concluded thai the trustees. use of the going concern basis of accounting in the preparation of the [inarla1 staiemenis is appropriaie. Based on the work we have performed, we have not identified any material uncertainties relating io events or conditions that, individually colleciively, may cast signifjcant doubt on the charitable company's ability to continue as a going cotwn for a ptriod of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustee5 with respect to going concern are dCribed in the relevant 5tttioS of this r4)l1.
Page 6 GOODHEART ANIMAL SANCTUARIES COMPANY LIMrrED BY GUARAiYfEE TRUSTEKS ANNUAL REPORT fcoAdwd) YEAR ENDED 31 DECEMBER 2021 TRUSTEES. RLSPONSIBILITLS STATEMENT The Trustees {who are also direttOTS of GOodh Animal Sanctuaries for the PuTpe$ of Company Law) are responsible for preparing the Trusiees, Report and the financial statements in aCCdanCe with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requir the Trust5 to prepare finala1 Statem1$ for each financial period. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitsble company and of the incoming resources and the application of Twjurces. including the inwme and expenditur& of the charitable company for that period. In preparing these financial statements the Trustees are required to. Select suitable accounting policies and then apply them consistently: Observe the meihods and principles of the Charities SORP; Make judgements and accounting eslimates that are reasonable and pru(knt: Prepare the financial sthtements on a going coern basis unless it is inappropria to presume that the charitable company will continue in operaiion. The Trusiees are responsible for keeping adequaie accounting records that aTe sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ¢Thsur¢ thal the finala1 statements comply with the Companies Act 21K)6. They are also r&%w>nsible for safeguarding the assets of the haritable company and hence for lakin8 reasonable steps for the prevention and deltIon of fraud and other irTegulariti¢s. DISCLOSURE OF INFORMATION TO AUDITORS Each of the persons who are Trustees at the time when this Tne. Report is approved has cOnfMed so far as that Trustee is aware ihere is no relevant audit information of which the charilable company's audilor5 are unaware. and that Trustee has thken all the steps that ought to have been taken as 8 Tslee in order to be awa of any relevani audii informaiion and to esthblish that the charitable company's auditors are aware of ihat information. AUDITOKS The auditors. Hainos Watts. have indicated their willingnes5 to continue in oifjce. The Delegated Trustees will propose a motion re-appointing the audiloTs 21 a m¢¢tin8 of the Truste. Thi$ report was approved by the Trnses on 9 August 2022 aThJ signed on their iKha]f by. alker- DIrlor
Page 5 GOODHEART ANIMAL SANCTUARIES COMPANY LIMITED BY GUARANTEE TRUSTEFS ANNUAL REPORT fe•wth¢d) YEAR ENDED 31 DECEMBER 2021 STRuuRE, GOVERNANCE AND MANAGEMENT CoThstitution The company is registered as a charitable company limited by guaranlee and was set up by a Memorandum of Asswiation on 18 May 2015. Its r¢gisiued charity number is 1162923. b. MetId ofappolntment or elecllon of Trustees The managemeni of the Charity is the resp)nsibiliry of the Truste who are elected and co-opted under the lernLS of the Articles of knlation. Rtsk management The Trusiees have aSsSed the major risks to which the Chariiy is exposed, in particular those related the operations and finances of the Chariiy and are satisfied that the sys(en and pr(edureS are in place to mitigate its exposure io the major risks. PLANS FOR FLrruRE PERIODS The continuing development of ihe Fundraising lea fuSing on ihe 3-5 y&2r s(ra(egy, lo help rhe charity become more se1f-sutr1cie in iernL% of opexating costs as well as securing lunds (or capiial ProJIS. Ai the Farnj Animal Sanciuary the focus will be on ihe planning and development of the Special Care and Rehabilitation Uni(. Work will be complaed on the Pig Barn Projeci and the Home for Rescued Hens. With a new Visitor and Education Manager in 1Klti0 the visitor programme will be gwed up for our open season of April io September. Visits will be promoted via Airbnb. A children's visitor and education programme will be developed for the summer nnths, while we will continue to work closely with schools. FuS will continue on providing learning for primary• sondary and sla1 educational needs students. In 2022. The Gojheart Fundraising Gala will bc held at Stsnbrwk Abbey. The Sanctuary will also host an Open Weekend at the end of July.
Page 4 GOODHEART ANIMAL SANCTUARIES COMPANY LJMrrED BY GUARAiYfEE TRUSTEES ANNUAL REPORT{comiKwed) YEAR ENDED 31 DECEMBER 2021 Wiccaweys Rescued Border Collies and Worknry Sheepdogs Goodheart continued to provide finaltial support to enable Wiccaweys Rescued Border Collies and Working Sheepdogs CIC to rescue, rehabilitate and rehotne dogs. In addition they continued PToviding a follow-up service to the adopiive parents helping with any behavioural issua8 and also providing advice to the public. During 2021 there was a change in management at Wiccawey5 and sub5equenily plans for the re-development of the kennds have been halted. Plans for the future are being considered. Covid-19 Goodheart Anilljal Sanctuari&8 has a small core team who work mainly from homa We also have an aniJnal care team at the Farn) Animal Sancluary aThl suppon the care team al Wiccaweys. During the Covid-19 pandemic Goodheart followed all government guidelines io ensure the safely of our leam and ¢oniinued care of the animals. A few members of 8M contracted Covid-19 but thankfully were not too indisposed. No members of the team were furloughed. Investment policy and perforniance Surplu5 cash balances are currently held on deposit at reputable financial institution$ to facilitafr easy access to manage the liquidiiy of the Charily. FINANCIAL REVIEW Going concern After making appropriate enquiries the TTUSt¢es have a reasonable expectstion that Charity has adequare resources lo ¢ontinue in operational existence for the foreseeable future. For this reason they have adopted the 80ing concern basis in preparing the financial sthtements. Further detsils regarding the adoption of the Soing coern basis can be found in the Accounting Policies. b. Financial management The management team prepore the annual operdtional budget f(* the charity this is approved by the Trustees prior to the commenc¢m¢nt of the financial o[L The Trustees receive quarterly reports on the finala1 pthmance of the charity. These include an income and expenditure statement compared io budgd. Reserves pollcy The Iru51ees have established a policy whereby the unrestrlcted fuThls not commitied or invested in tangible fixed assets ("Ihe free reserves") held by the charity should be approximately 6 months basic running ¢osis which equates to approxirnately £207,(XY) in general funds. We are currently Working towards this target.
Page 3 GOODHEART ANIMAL SANCTUARIES COMPANY LIMrrED BY GUARANTEE TRUSTELS ANNUAL REPORT {c•wlinrwd) YEAR ENDED 31 DECEMBER 2021 AcH[EVENfS AND PERFORMANCE Reviejw of activities for the year ended 31 December 2021 Goodheart Anlmal Sanctuarfes The prioriuas for this wi(NJ were the ongoing developmen¢ of Ehe G(KJdheart Farni Animal Sanciuary which is b8sed at Nicklass Fam; the expansion of (w Education and Outyeach Programme, Ihe development of the charity's Fundraising Opportuniti and consolidating a future for Wiccaweys Rescued Border Collies and Working Sheepdogs CIC. Goodheart Farm Anlmal Sanctuary During the year 23 animals were rescued a of 383 being in residence at the end of the year. Work continued throughout the year on the Pig Barn: G(KMJhean's main home for rwued pigs; and construction began otl our Home for Rescued Hens. Plans wue drawn up for the construction of the Special Cart and Rehabilitation Unit and ouidoor loilets. Training continued with the care team ensuring excellenl welfare care standards for the animals; several members of the team undertook rSt aid Cour aThJ we were joined by a new *am mernber. who was on a sandwich year. working in a voluntary capacity. Goodheart Edlleatlon and Outreach Work was completed on the Ouidoor Education Area where facilities include a classrwm. cooking pit, picnic area, raised vegethble plots and a home for rescued rabbits. This wmplements our indoor clasSrM which is now complet¢. The visitor programme conlinucd with bookings through Aitbnb alongside visits from schools and a pilix for Animal-assisted therapy. We recommenced our Annual Ow Day (following Covid-19). holding the 2021 event on 8 August with over 400 pwle attendin& Goodheart FundraLslng Team The team of two rlted last year have developed & strong fundraising strategy supported by an engaglng marketing ¢ampaigtL Their primary f¢Kus&8 were fwidraising for the Pig Barn (which was complded in early 21Y22), the Home for Rtscued Hens. which reached its target. and developing a strategy for rdising funds for the Special Care and Rehabilitation Unit. The Animal Adoption pro8rdmme was revamp aThJ over 4(Ki packs wtr¢ sold in the run up to Christmas. Plans were developed for the 2022 Fundraising Gala.
Page 2 GOODHEART ANIMAL SANCTUARIES COMPANY LIMrrED BY GUARANTEE TRUSTELS ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021 The Trustees, who are also direciors for the purposes of company law, present their Tewrt and the audited financial sialemenis of the company for the year ended 31 December 2021. The Trustees ¢onfJrnithat the Annual Rq financial StatenIg of the charitable company comply with the cuThent statutory requirements, the Tequirents of the cornpany's governing drtumcnt and the provisions of the Siatement of Recommended Practice (SORP) applicable to charities prq)aring their accounts in accordance with the Financial Reporting SiaDdard appli¢abl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2015) as amended by Update Bulletin l (effective l January 2015). Since the Chariiy qualifies as small under se£tion 383 the straiegic report rquirnj of medium and large companies under The Companies Ath 2(KJ6 (Strategic Report and Direciors. Rep)rt) Regulations 2013 is not required. REFERENCE AND ADMINISTRATIVE DETAU Reference and administrative details are shown in theschedule of m¢mbus of the board and professional advisers on page l of the financial staMents. oBjEIVEs AND A1VITIEs Policies and obje¢¢iv In setting objecliv¢s and planning f a¢liviti&s the Trustew have given due consideration lo general guidance published by the charity commi55ion relating to public benefit. The Charity has been established for: l. The relief of suffering of animals in need of care and alntiOn. particularly by the provision of facilities lor the running of animal san¢tuaries: and 2. The ¢0Th5uvation. pr&4ervaiion and proteciion of UAdangexed species of anlmals. b. Activitie5 for achieving objectives It is the intention of the Charity to establish one or more animal sanduaries and to also mak¢ grants to organi5ations involved in the conservation, preservation and protection of endangered species of animals. It is also intended io make grants to organi5alions involved in conservation j providing care for rescued animals.
Page I GOODHEART ANIMAL SANCTUARIES COMPANY LIMITED BY GUARAwfEE REFERENCE AND ADMINISTRA TIVE DETAILS, TRUSTELS AND ADVISERS Regi8tered eharlty name Go(Mlheart Animal Sanctuaries ChArity number 1162923 CompAny registratitin number (N)596510 Registered otTice The Nickl&%s Farni Milson Kidd¢rminst¢r Worcestershire DY14 OBE Dlrectors and trSle¢S J L Cross DJon DAWalk Company seeretgry Independent audlto Haines Waits Chartered Accountants Sterling House 97 Lichfield Street Tamworth Siaffordshire B79 7QF
GOODHEART ANIfvtAL SANCTUARIES COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 CONTENTS PAGE R¢fereDce and adminisifdtive details of the clwity. its truste&s and advisers TrustKs' Report Independent auditors. report Statemeni of finatKial activities (lorpOrating the iOme and expenditure a¢¢ount) li Balance she 12 Staiemenl of cashfiows 13 Notes to the financial slatements 14
COMPANY REGISTRATION NUMBER 09596510 GOODHEART ANIMAL SANCTUARIES COMPANY LtMrrED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Ch#rlty Nurnber 1162923