2021-03-31-accounts - The Ferne Animal Sanctuary

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Trustees' Report		1 to 11
Statement ofTrustees'	Responsibilities	12
independent Auditors'	Report	13to 16
Statement of Financial	Activities	17
Balance Sheet		18
Statement ofCash Flows		19
Notes to the Financial	Statements	20to 38

Fund			Rationale			Amount Designated	Total investment to 31 March 2021	Timing of expenditure
			Maintaining		ths
			general
Fixed Asset Investment Fund			Infrastructure the site ls		of	f75,000	f75,000	2018-2023
			expensive	and
			constant.
Cattery Refurbishment			Separate	large		f100000	f5,627	2018-2022
			Modest
Equine Centre Feasibility Study			investmsnt to take the next			f15,000		2018-2022
			step.
			Fundraising
Capacity Fund	building		additional costs for the new			f50,000	f25,113	2019-2022
			strategy.
Totals						f240,000	f105,740
Remaining 2021		balance	as at 31 March			f134,260

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Balance	She	et	as at 31 March 2021
					2021	2020
				Note	8	8
Fixed assets
Intangible	assets			13	2,764
Tangible assets				14	3,924,422	3,989,750
Investments				15	1,121,031	644 236
					5,048,217	4,634,486
Current assets
Stock				16	25,117	26,056
Debtors				17	143,728	266,331
Cash at bank and		In hand		18	323,644	219,868
					492,489	512,255
Creditors:	Amounts		falling due within one year	19	~108,694	~99,093
Net current assets					383,795	417,162
Total assets less		current Ilabllides			5,432,012	5,051,648
Creditors:	Amounts		falling due after more than one year	20	~220,833
Net assets					5,211,179	5,051,648
Funds ofthe charity:
Restricted	Income funds
Restdcted	funds				1,294,068	1,287,016
Unrestricted Income			funds
Unrestricted	funds				3,917,111	3,764,632
Totalfunds				24	5,211,179	5,051,648

Statement ofCash Flows for	t	he	Y	31 March 2021
				2021	2020
				8	8
Cash Rows from operating activities
Net income/(expenditure)				159,531	(554,160)
Adjustments to cash flows from non-cash			Items
Depreciation				124,177	129,428
Amortlsatlon				161	3,352
Investment managers fees paid from investment portfofio Investment return retained by investment managers				8,128 ~182,424	7,515 33,616
				107,574	(380,249)
Working capital adlustments
Decrease In stocks				939	5,198
Decrease/(increase) in debtors Decrease in creditors				122,603 ~35,566	(141,962) ~26,300
Net cash flows from operating activities				215,550	~643,348
Cash flows from Investing acffviffes
Purchase of intangible fixed assets				(2,925)
Purchase oftangible fixed assets				(58,849)	(159,632)
Cash withdrawn from investment porffolio					700,000
Cash paid Into Investment porffolio				(300,000)
Proceeds from new loan				250000
Net cash flows from investing activities				774	, 540 303
Net increase/(decrease) in cash and cash		equivalents		103,776	(2,950)
Cash and cash equivalents at beginning	ofyear			219,868	222,818
Cash and cash equivalents at end ofyear				323,644	219,868

				Unrestricted
				funds	Restricted	Total
				General	funds	funds
				E	E	E
Donations and	legacies;
GIR aid donations		and covenants		81,071		81,071
Cash donations				157,604		157,B04
Legacies				515,065		515,065
Grants, induding capital grants;
Business Support		grants		41,500		41,500
Coronavlrus	Job	Retention	Scheme	117,808		117,608
Local Restrictions		Support	grant	52,780		52,780
Other grants	received			57,793		57,793
Other grants-	restricted				33,201	33,201
Total for 2021				1,023,421	33,201	1,056,622
Totalfor 2020				730,230	24,884	755,114

4 Incom	e from cha	r	ita	bl	e actlvldes
						Unrestricted
						funds	Total
						Generalf	fundsf
Animal	homing income					33,653	33,653
Live-In	staff services		contributions			7,776	7,776
Totalfor2021						41,429	41,429
Totalfor	2020					57,170	57,170
6 Income from other				trading acgvities
						Unrestricted
						funds	Total
						Generalf	fundsf
Trading Income;
Charity	shop sakis					105,238	105,236
Restaurant sales						14,844	14,844
Fundraising income						4,742	4,742
Pet Insurance Income						10,094	10,094
Admission	fees					36,192	36,192
Solar energy feed in tariff						4,422	4,422
Rental income						6,720	6,720
Total for	2021					182,250	182,250
Total for	2020					363,114	363,114
6 Investment income
						Unrestricted
						funds	Total
						Generalf	fundsf
Dividends	receivable	from			listed investments	19,780	19,780
Bank and	investment		interest receivable			46	46
Realised	(losses)/gains			on fixed asset investments		4,122	4,122
Unrealised	tlosses)/gains				on fixed asset investments	155 514	158,574
Totalfor	2021					182,522	182,522
Totalfor2020						~35,030	~35,030

a) Costs o	f generating donations and legacie	s
		Unrestricted
		funds	Total
		General	funds
			6
Fundraising	and marketing	193,522	193,522
Total for 2021		193,522	193,522
Total for 2020		350,537	350,537

b) Costs	oftrading activities
		Unrestricted
		funds	Total
		General	funds
		6	6
Charity shop expenses		164,186	164,186
Restaurant	costs	61,228	61,228
Total for	2021	225,414	225,414
Total for	2020	322,399	322,399

				Unrestricted
				funds	Total
				General	funds
				6	6
Fees	payable	io investment	managers	6,127	6,127
Total	for 2021			9122	6,127
Total	for 2020			7,515	7,515

			Unrestrtcbrd
			funds	Restricted	Total
			General	funds	funds
			E	E	E
Staff costs			751,111		751,111
Depreciation,	amortisation	and other similar costs	96,122	28,055	124,177
Other costs			2 941		2,941
Total for 2021			850,174	28,055	878,229
Total for 2020			981,907	32,170	1,014,077
		Activity	ActN tty
		undertaken	support	Total	Total
		directly	costs	2021	2020
		E	E		E
Animal Care		519,498	358,731	878,229	1 014,077

Suppor	t cost	s altocabrd to ch	aritable activ	ities
					Premises
					costs
		Governance	information	Administration	including	Tots I	Tots I
		costs	technology	costs	depreciation	2021	2020
		E		E	E	E	E
Animal	Care	11,664	23,427	120,470	203,170	358,731	415,933

Net inco	me/(expenditur	e) for the yea	r Ind	udes:
					2021	2020f
Amount	expensed in	respect of operating		leases	30,309	32,589
Auditors	remuneration	- audit fees			7,250	7,250
Auditors	remuneration	-tax advisory	services		384	2,080
Auditors	remuneration	-other services			3,980	4,700
Depreciation offixed		assets			124,177	129,428
Amortlsatlon ofsoftware					161	3,352

12Staffcosts The aggregate	payroll costs were as follows:
		2021	2020
Staff costs during the year were:
Wages and salaries		682,764	865,332
Social security	costs	45,228	59,959
Pension costs		10,954	14,137
Compensation	payments	12,165	7,954
		751,111	947,382

The monthly	The monthly		average	number	of persons	team) employed	by the
charity	during		the year	was as	follows:
						2021	2020
						No	No
Animal	care					20	24
Estates						4	3
Fundralslng		and marketing				5	8
Feme shop		&	Visitor Centre			1	2
Restaurant						5	7
Charity	shops					11	10
Human	Resources and			Administration		5	6
						51

13Intangible fixed assets
	Software and
	webslte
	costsf	Total 5
Cost
At 1 April 2020	10,051	10,051
Additions	2,925	2,925
At 31 March 2021	12,976	12,976
Amorbsatlon
At 1 April 2020	10,051	10,051
Charge for the year	161	161
At 31 March 2021	10,212	10,212
Net book value
At 31 March 2021	2,764	2,764
At 31 March 2020

16 Fixed asset investments
	2021f	2020f
Shares in group undertakings	1	1
Other investmsnts	1,121,030	644,735
	1,121,031	644,736
Other Investments
	2021 f	2020 f.
Listed investments	1,022,705	581,212
Cash held for investment	88,325	63523
	1121,030	688,736
		Usted
		Investmentsf
Cost or Valuation
At 1 April 2020		581,212
Revaluation		237,234
Additions Dlsposals		240,927 ~36 338
At 31 March 2021		1,022,705
Net book value
At 31 March 2021		1,022,705
At 31 March 2020		581,212

Undertaking			Registered	offic	Holding	Proportion ofvoting rights and shares held
						2021 2020
Subsidiary	undertakings
Feme Trading		Limited	Wambrook, $ t	Chard, T~Q 3D	Ordinary shares	100 100'/

19Creditors:	amounts	falling due within one year
			2021f	2020
Bank loans			29,167
Trade creditors			38,019	51,961
Othertaxation	and soctal	security	10,183	16,995
Other creditom			1,607	1,407
Accruals			29,718	24,730
			108,694	95,093
20 Creditors:	amounts	falling due after one year
			2021f	2020 8
Bank loans			220,833

Total future minimum lease payments under non-can	cellable operating leases are as folkn	vs:
	2021	2020
		8
Within one year	26,400	29,270
Between one and five years	74,661	58,625
After five years		9,110
	101,061	97,005

24 Funds
			Balance at					Balance at
			1 April	Incoming	Resources			31 March
			2020	resources	expended		Transfers	2021
			6		6		5	6
Unrestricted
General funds Designated funds			3,590,267 174,365	1,429,622	(1,235,132) ~40,705		(1,906)	3,782,851 134,260
Total Unrestricted			3751632,	, 1,429,622	~1275237,	~,	7,908	3,917,111
Restricted
Rehoming centre			304,423		(6,666)			297,757
Cattery and isolation		unit	116,777		(2,564)			114,213
Visitor centre			96,166		(2,096)			94,070
Ferret House			9,400		(200)			9,200
Equine rehabilitation
centre			20,881					20,881
Goose house			7,356		(152)			7,204
Dog sensory garden			24,934		(512)			24,422
The Montague-Panton
Welfare Trust			670,869		(14,920)		1,906	657,855
C~peratlve- Polytunnel			3,109		(63)			3,046
Cattery appeal			12,446		(123)			12,323
Hatcher Animal	Welfare
Trust dog shelters			4,925		(100)			4,825
The Norman Family
Foundation				500				500
Support adoption	for	pets		7,000				7,000
Animal Rescue
Foundation				3,000				3,000
Hobson Charity				20,000				20,000
Voice project Other restricted	funds		15,730	1,900 801	~659			1,900 15,872
Total restricted			1,287,016	33,201	~28,055		1,905	1,294,0M
Totslfunds			5,051,648	1,462,823	~7,303,292			5,211,179

Notes to the	Fina	ncial	Statements	for the	Year Ended	31 March	2021
			Balance at				Balance at
			1 April	Incoming	Resources		31March
			2019	resources	expended	Transfers	2020
			6	8	6	8	8
Unrestricted funds
General
General funds			4,047,459	1,115,484	(1,626,671)	53,995	3,590,267
Des/gnated Designated funds			210,052		~35,88		174,365
Total unrestricted funds			4,257,511	1,115484	~1,662,358	53,995	3,784,832
Restricted
Rshomlng centre			311,089		(6,666)		304,423
Cattery and isolation		unit	119,341		(2,564)		116,777
Visitor centre			91,696		(2,096)	6,566	96,166
Ferret House			9,600		(200)		9,400
Equine rehabilitation
centre			20,881				20,881
Goose house			7,506		(150)		7,356
Dog sensory garden			25,446		(512)		24,934
The Montague-Panton
Welfare Trust			739,783		(14,919)	(53,995)	e70,869
Co-operative-	Polytunnel			3,140	(31)		3,109
Cattery appeal				12,569	(123)		12,446
Hatcher Animal	Welfare
Trust dog shelters Other restricted funds			22,955	5,000 4,175	(75) ~4,834	~6,566	4,925 15,730
Total restricted	funds		1,348297	24,884	~32, 770	~53~95	1 287016
Total funds			5,805,808	1,140,388	~1,894,528		5,051,648

Categorlsation	Categorlsation	of	financial	Instruments
								2021	2020
								6	6
Financial	assets	measured		at fair value through		profit	or loss	1,121,030	644,735
Financial	assets	that are debt Instruments			measured		at amortised
cost								1,693	1,920
Financial	liabilities		measured	at amortised	cost			289,626	53,368
								1,412,349	700,023