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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|
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|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|
##
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|Statement
ofCash Flows for|t|he|Y|ear Ended|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|
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|||||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|
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|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|
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|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|
##
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##
||||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|
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|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|(induding|senior|management|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|
##
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##
|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'/|
##
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##
##
|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||
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##
|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|
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|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|
##
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|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|
##
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