This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2024-03-31-accounts
| Trustees |
MrRAO'Connor, Chair |
|
Mr R Fuller |
|
Ms V Stiff |
|
Dr M Richards |
|
Mrs K Chadwick |
|
Mr S Pomeroy |
| Senior Leadership Team |
Ms E Purnell, Finance Manager |
|
Miss N Haddock, Animal Care Manager |
|
Mr J Pott, Estates Manager |
|
Mr Kevan Hodges, CEO |
|
Mr Ewan Tilbe, Retail Operations Manager |
| Principal Office |
Wambrook |
|
Chard |
|
Somerset |
|
TA20 3DH |
|
The charityisincorporatedinEngland & Wales. |
| Company Registration Number |
09772680 |
| Charity Registration Number |
1164350 |
| Bankers |
Lloyds Bank PLC |
|
27 Fore Street |
|
Chard |
| Auditor |
PKF Francis Clark |
|
Blackbrook Gate 1 |
|
Blackbrook Park Avenue |
|
Taunton |
|
Somerset |
|
TA12PX |
| YearEnded31March2024 |
|
|
|
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
2024 |
funds |
funds |
2023 |
|
Note |
£ |
£ |
£ |
£ |
£ |
£ |
| Income and Endowments from: |
|
|
|
|
|
|
|
| Donations and legacies |
3 |
681,982 |
50,241 |
732,223 |
1,040,585 |
15,155 |
1,055,740 |
| Charitable activities |
4 |
55,035 |
- |
55,035 |
44,152 |
- |
44,152 |
| Other trading activities |
5 |
721,576 |
- |
721,576 |
428,524 |
- |
428,524 |
| Investment income |
6 |
16,044 |
- |
16,044 |
21,947 |
- |
21,947 |
| Total Income |
|
1,474,637 |
50,241 |
1,524,878 |
1,535,208 |
15,155 |
1,550,363 |
| Expenditure on: |
|
|
|
|
|
|
|
| Raising funds |
7 |
(1,089,029) |
- |
(1,089,029) |
(680,818) |
- |
(680,818) |
| Charitable activities |
8 |
(1,144,549) |
(27,719) |
(1,172,268) |
(1,025,823) |
(27,565) |
(1,053,388) |
| Total Expenditure |
|
(2,233,578) |
(27,719) |
(2,261,297) |
(1,706,641) |
(27,565) |
(1,734,206) |
| Losses/gains on investments |
|
20,355 |
- |
20,355 |
(62,583) |
- |
(62,583) |
| Net (expenditure)/income |
|
(738,586) |
22,522 |
(716,064) |
(234,016) |
(12,410) |
(246,426) |
| Transfers between funds |
|
540 |
(540) |
- |
1,590 |
(1,590) |
- |
| Net movementinfunds |
|
(738,046) |
21,982 |
(716,064) |
(232,426) |
(14,000) |
(246,426) |
| Reconciliation of funds |
|
|
|
|
|
|
|
| Total funds brought forward |
|
3,640,334 |
1,269,649 |
4,909,983 |
3,872,760 |
1,283,649 |
5,156,409 |
| Total funds carried forward |
23 |
2,902,288 |
1,291,631 |
4,193,919 |
3,640,334 |
1,269,649 |
4,909,983 |
(Registration number:09772680)
Balance Sheet as at31March 2024 |
|
|
|
|
|
2024 |
2023 |
|
Note |
£ |
£ |
| Fixed assets |
|
|
|
| Intangible assets |
13 |
8,340 |
832 |
| Tangible assets |
14 |
3,810,298 |
3,826,495 |
| Investments |
15 |
392,497 |
732,150 |
|
|
4,211,135 |
4,559,477 |
| Current assets |
|
|
|
| Stock |
16 |
34,509 |
32,789 |
| Debtors |
17 |
200,828 |
398,410 |
| Cash at bank and in hand |
18 |
46,489 |
253,775 |
|
|
281 ,826 |
684,974 |
| Creditors: Amounts falling due within one year |
19 |
(228,209) |
(213,635) |
| Net current assets |
|
53,617 |
471,339 |
| Total assets less current liabilities |
|
4,264,752 |
5,030,816 |
| Creditors: Amounts falling due after more than one year |
20 |
(70,833) |
(120,833) |
| Net assets |
|
4,193,919 |
4,909,983 |
| Fundsofthe charity: |
|
|
|
| Restricted income funds |
|
|
|
| Restricted funds |
|
1,291,631 |
1,269,649 |
| Unrestricted income funds |
|
|
|
| Unrestricted funds |
|
2,902,288 |
3,640,334 |
| Total funds |
23 |
4,193,919 |
4,909,983 |
|
2024 |
2023 |
|
£ |
£ |
| Cash flows from operating activities |
|
|
| Net expenditure |
(716,064) |
(246,426) |
| Adjustments to cash flows from non-cash items |
|
|
| Depreciation |
139,389 |
126,307 |
| Amortisation |
1,317 |
966 |
| Loss on disposal of fixed assets held for the charity's own use |
(100) |
(2,292) |
| Investment managers fees paid from investment portfolio |
4,922 |
7,496 |
| Investment return retained by investment managers |
(51,769) |
40,820 |
|
(622,305) |
(73,129) |
| Working capital adjustments |
|
|
| Increaseinstocks |
(1,720) |
(3,219) |
| Decrease/(increase)indebtors |
197,582 |
(210,325) |
| Increaseincreditors |
14,574 |
79,485 |
| Net cash flows from operating activities |
(411,869) |
(207,188) |
| Cash flows from investing activities |
|
|
| Interest receivable and similar income |
16,500 |
19 |
| Purchase of intangible fixed assets |
(8,825) |
- |
| Purchase of tangible fixed assets |
(123,192) |
(80,400) |
| Saleoftangible fixed assets |
100 |
2,517 |
| Cash withdrawn from investment portfolio |
370,000 |
355,000 |
| Net cash flows from investing activities |
254,583 |
277,136 |
| Cash flows from financing activities |
|
|
| Repaymentofloans and borrowings |
(50,000) |
(50,000) |
| Net (decrease)/increaseincash and cash equivalents |
(207,286) |
19,948 |
| Cash and cash equivalents at beginningofyear |
253,775 |
233,827 |
| Cash and cash equivalents at end of year |
46,489 |
253,775 |
| 3 Income from donations and legacies |
|
|
|
|
Unrestricted |
|
|
|
funds |
Restricted |
Total |
|
General |
funds |
funds |
|
£ |
£ |
£ |
| Donations and legacies; |
|
|
|
| Gift aid donations and covenants |
85,260 |
- |
85,260 |
| Cash donations |
71,541 |
- |
71,541 |
| Legacies |
502,800 |
- |
502,800 |
| Grants, including capital grants; |
|
|
|
| Business Support grants |
3,306 |
- |
3,306 |
| Other grants received |
19,075 |
- |
19,075 |
| Other grants and donations - restricted |
- |
50,241 |
50,241 |
| Total for 2024 |
681,982 |
50,241 |
732,223 |
| Total for 2023 |
1,040,585 |
15,155 |
1,055,740 |
| 4 Income from charitable activities |
|
|
|
Unrestricted |
|
|
funds |
Total |
|
General |
funds |
|
£ |
£ |
| Animal homing income |
47,517 |
47,517 |
| Live-in staff services contributions |
7,518 |
7,518 |
| Total for 2024 |
55,035 |
55,035 |
| Total for 2023 |
44,152 |
44,152 |
| 5 Income from other trading activities |
|
|
|
Unrestricted |
|
|
funds |
Total |
|
General |
funds |
|
£ |
£ |
| Trading income; |
|
|
| Charity shop sales |
568,943 |
568,943 |
| Restaurant sales |
68,249 |
68,249 |
| Fundraising income |
8,669 |
8,669 |
| Pet insurance income |
11,864 |
11,864 |
| Admission fees |
53,033 |
53,033 |
| Solar energy feedintariff |
4,098 |
4,098 |
| Rental income |
6,720 |
6,720 |
| Total for 2024 |
721,576 |
721,576 |
| Total for 2023 |
428,524 |
428,524 |
| 6 Investment income |
|
|
|
Unrestricted |
|
|
funds |
Total |
|
General |
funds |
|
£ |
£ |
| Dividends receivable from listed investments |
15,588 |
15,588 |
| Bank and investment interest receivable |
456 |
456 |
| Total for 2024 |
16,044 |
16,044 |
| Total for 2023 |
21,947 |
21,947 |
| a)Costsofgenerating donations and legacies |
|
|
|
Unrestricted |
|
|
funds |
Total |
|
General |
funds |
|
£ |
£ |
| Fundraising and marketing |
335,012 |
335,012 |
| Total for 2024 |
335,012 |
335,012 |
| Total for 2023 |
269,596 |
269,596 |
| b)Costsoftrading activities |
|
|
|
Unrestricted |
|
|
funds |
Total |
|
General |
funds |
|
£ |
£ |
| Charity shop expenses |
606,246 |
606,246 |
| Restaurant costs |
142,176 |
142,176 |
| Total for 2024 |
748,422 |
748,422 |
| Total for 2023 |
403,726 |
403,726 |
| c)Investment management costs |
|
|
|
Unrestricted |
|
|
funds |
Total |
|
General |
funds |
|
£ |
£ |
| Fees payable to investment managers |
5,595 |
5,595 |
| Total for 2024 |
5,595 |
5,595 |
| Total for 2023 |
7,496 |
7,496 |
|
|
|
|
Premises |
|
|
|
|
|
|
costs |
|
|
|
Governance |
Information |
Administration |
including |
Total |
Total |
|
costs |
technology |
costs |
depreciation |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Animal Care |
14,858 |
43,654 |
168,655 |
240,835 |
468,002 |
413,574 |
10 Net income/expenditure
Net expenditure for the year includes: |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Amount expensedinrespect of operating leases |
77,478 |
40,270 |
| Auditors remuneration - audit fees |
11,215 |
8,500 |
| Auditors remuneration - tax advisory services |
745 |
150 |
| Auditors remuneration - other services |
3,240 |
4,000 |
| Profit on disposal of fixed assets held for the charity's own use |
(100) |
(2,292) |
| Depreciationoffixed assets |
139,389 |
126,307 |
| Amortisationofsoftware |
1,317 |
966 |
12 Staff costs
The aggregate payroll costs were as follows: |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Staff costs during the year were: |
|
|
| Wages and salaries |
1,158,567 |
909,714 |
| Social security costs |
79,164 |
63,247 |
| Pension costs |
48,279 |
13,483 |
|
1,286,010 |
986,444 |
charity during the year was as follows: |
|
|
|
2024 |
2023 |
|
No |
No |
| Animal care |
20 |
20 |
| Estates |
5 |
4 |
| Fundraising and marketing |
4 |
3 |
| Ferne shop & Visitor Centre |
8 |
6 |
| Restaurant |
8 |
7 |
| Charity shops |
21 |
13 |
| Human Resources and Administration |
7 |
6 |
|
73 |
59 |
| 13 Intangible fixed assets |
|
|
|
Software and |
|
|
website |
|
|
costs |
Total |
|
£ |
£ |
| Cost |
|
|
| At 1 April 2023 |
12,976 |
12,976 |
| Additions |
8,825 |
8,825 |
| At31March 2024 |
21,801 |
21,801 |
| Amortisation |
|
|
| At 1 April 2023 |
12,144 |
12,144 |
| Charge for the year |
1,317 |
1,317 |
| At31March 2024 |
13,461 |
13,461 |
| Net book value |
|
|
| At31March 2024 |
8,340 |
8,340 |
| At31March 2023 |
832 |
832 |
| 14 Tangible fixed assets |
|
|
|
|
|
|
|
|
|
Freehold |
|
|
|
|
|
|
|
|
land and |
Furniture and |
Motor |
Computer |
|
|
|
|
|
buildings |
equipment |
vehicles |
equipment |
|
Solar panels |
|
Total |
|
£ |
£ |
£ |
£ |
|
|
£ |
£ |
| Cost |
|
|
|
|
|
|
|
|
| At 1 April 2023 |
4,324,538 |
296,436 |
28,062 |
65,768 |
|
|
19,924 |
4,734,728 |
| Additions |
2,547 |
93,552 |
- |
27,093 |
|
|
- |
123,192 |
| Disposals |
- |
(5,148) |
- |
- |
|
|
- |
(5,148) |
| At31March 2024 |
4,327,085 |
384,840 |
28,062 |
92,861 |
|
|
19,924 |
4,852,772 |
| Depreciation |
|
|
|
|
|
|
|
|
| At 1 April 2023 |
586,255 |
233,581 |
28,062 |
45,844 |
|
|
14,491 |
908,233 |
| Charge for the year |
88,685 |
31,670 |
- |
17,058 |
|
|
1,976 |
139,389 |
| Eliminated on disposals |
- |
(5,148) |
- |
- |
|
|
- |
(5,148) |
| At31March 2024 |
674,940 |
260,103 |
28,062 |
62,902 |
|
|
16,467 |
1,042,474 |
| Net book value |
|
|
|
|
|
|
|
|
| At31March 2024 |
3,652,145 |
124,737 |
- |
29,959 |
|
|
3,457 |
3,810,298 |
|
|
|
|
|
===== |
|
|
|
| At31March 2023 |
3,738,283 |
62,855 |
- |
19,924 |
|
|
5,433 |
3,826,495 |
|
|
|
|
|
= |
= |
==== |
|
| 15 Fixed asset investments |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Sharesingroup undertakings |
1 |
1 |
| Other investments |
392,496 |
732,149 |
|
392,497 |
732,150 |
| Other investments |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Listed investments |
392,496 |
603,692 |
| Cash held for investment |
- |
128,457 |
|
392,496 |
732,149 |
|
|
Listed |
|
|
investments |
|
|
£ |
| CostorValuation |
|
|
| At 1 April 2023 |
|
603,692 |
| Revaluation |
|
20,354 |
| Additions |
|
123,428 |
| Disposals |
|
(354,978) |
| At31March 2024 |
|
392,496 |
| Net book value |
|
|
| At31March 2024 |
|
392,496 |
| At31March 2023 |
|
603,692 |
| The principal activityofFerne Trading Limited is thatofadormantcompany. |
The principal activityofFerne Trading Limited is thatofadormantcompany. |
|
| 16 Stock |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Consumables |
16,348 |
18,670 |
| Goodsforresale |
18,161 |
14,119 |
|
34,509 |
32,789 |
| 17 Debtors |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Trade debtors |
8,012 |
29,107 |
| VATrecoverable |
30,054 |
22,108 |
| Other debtors |
- |
13,185 |
| Prepayments |
63,702 |
11,780 |
| Accrued income |
99,060 |
322,230 |
|
200,828 |
398,410 |
| 18 Cash and cash equivalents |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Cash at bank |
46,489 |
253,775 |
| 19 Creditors: amounts falling due within one year |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Bank loans |
50,000 |
50,000 |
| Trade creditors |
123,581 |
115,963 |
| Other taxation and social security |
18,865 |
17,741 |
| Other creditors |
2,898 |
1,741 |
| Accruals |
32,865 |
28,190 |
|
228,209 |
213,635 |
| 20 Creditors: amounts falling due after one year |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Bank loans |
70,833 |
120,833 |
|
2024 |
2023 |
|
£ |
£ |
| Within one year |
85,696 |
48,318 |
| Between one and five years |
269,060 |
41,578 |
|
354,756 |
89,896 |
| 23 Funds |
|
|
|
|
|
|
|
Balance at |
|
|
|
|
Balance at |
|
1 April |
Incoming |
Resources |
|
|
31March |
|
2023 |
resources |
expended |
Transfers |
|
2024 |
|
£ |
£ |
£ |
|
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
|
| General |
|
|
|
|
|
|
| General funds |
3,526,845 |
1,494,991 |
(2,233,579) |
114,029 |
|
2,902,286 |
| Designated |
|
|
|
|
|
|
| Designated funds |
113,489 |
- |
|
(113,489) |
|
- |
| Total unrestricted funds |
3,640,334 |
1,494,991 |
(2,233,579) |
540 |
|
2,902,286 |
| Restricted funds |
|
|
|
|
|
|
| Rehoming centre |
284,425 |
- |
(6,666) |
|
|
277,759 |
| Cattery and isolation unit |
109,085 |
- |
(2,564) |
|
|
106,521 |
| Visitor centre |
89,878 |
|
(2,096) |
- |
|
87,782 |
| Ferret House |
8,800 |
- |
(200) |
|
|
8,600 |
| Equine rehabilitation |
|
|
|
|
|
|
| centre |
22,650 |
4,493 |
- |
- |
|
27,143 |
| Goose house |
6,900 |
- |
(152) |
- |
|
6,748 |
| Dog sensory garden |
23,898 |
- |
(512) |
- |
|
23,386 |
| The Montague-Panton |
|
|
|
|
|
|
| Welfare Trust |
628,015 |
- |
(14,920) |
- |
|
613,095 |
| Co-operative- Polytunnel |
2,920 |
- |
(63) |
- |
|
2,857 |
| Hatcher Animal Welfare |
|
|
|
|
|
|
| Trust dog shelters |
4,625 |
- |
(100) |
- |
|
4,525 |
| Cattery appeal |
12,077 |
- |
(242) |
- |
|
11,835 |
| The Norman Family |
|
|
|
|
|
|
| Foundation |
490 |
- |
(10) |
- |
|
480 |
| Support adoption for pets |
7,000 |
- |
- |
- |
|
7,000 |
| Animal Rescue |
|
|
|
|
|
|
| Foundation |
3,000 |
- |
- |
- |
|
3,000 |
| Hobson Charity |
20,000 |
- |
- |
- |
|
20,000 |
| Voles project |
2,238 |
- |
- |
- |
|
2,238 |
| Hayhurst Foundation |
4,985 |
- |
- |
- |
|
4,985 |
| Boris Appeal |
12,919 |
- |
- |
- |
|
12,919 |
| Chicken run |
3,217 |
- |
- |
- |
|
3,217 |
| Comfy Cows |
255 |
4,907 |
- |
- |
|
5,162 |
| Chinchilla House |
2,808 |
- |
- |
- |
|
2,808 |
| Other restricted funds |
19,464 |
13,742 |
- |
(540) |
|
32,666 |
| Viewing Platform |
- |
9,700 |
(193) |
- |
|
9,507 |
| Rainwater Harvesting |
- |
11,400 |
- |
- |
|
11,400 |
| Radios |
- |
500 |
- |
- |
|
500 |
| Animal Friends |
- |
5,000 |
- |
- |
|
5,000 |
|
Balance at |
|
|
|
|
Balance at |
|
1 April |
Incoming |
Resources |
|
|
31March |
|
2023 |
resources |
expended |
Transfers |
|
2024 |
|
£ |
£ |
£ |
|
£ |
£ |
| Majorie Coote Animal |
|
|
|
|
|
|
| Charity Trust |
- |
500 |
|
|
- |
500 |
| Total restricted funds |
1,269,649 |
50,242 |
(27,718) |
__ |
(540)
,__...., |
1,291 ,633 |
| Total funds |
4,909,983 |
1,545,233 |
(2,261,297) |
|
|
4,193,919 |
|
Balance at |
|
|
|
Balance at |
|
1 April |
Incoming |
Resources |
|
31March |
|
2022 |
resources |
expended |
Transfers |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General |
|
|
|
|
|
| General funds |
3,748,994 |
1,535,208 |
(1,758,947) |
1,590 |
3,526,845 |
| Designated |
|
|
|
|
|
| Designated funds |
123,766 |
- |
(10,277) |
- |
113,489 |
| Total unrestricted funds |
3,872,760 |
1,535,208 |
(1,769,224) |
1,590 |
3,640,334 |
| Restricted |
|
|
|
|
|
| Rehoming centre |
291,091 |
- |
(6,666) |
|
284,425 |
| Cattery and isolation unit |
111,649 |
|
(2,564) |
- |
109,085 |
| Visitor centre |
91,974 |
|
(2,096) |
- |
89,878 |
| Ferret House |
9,000 |
|
(200) |
- |
8,800 |
| Equine rehabilitation |
|
|
|
|
|
| centre |
22,650 |
- |
- |
|
22,650 |
| Goose house |
7,052 |
- |
(152) |
|
6,900 |
| Dog sensory garden |
23,910 |
500 |
(512) |
- |
23,898 |
| The Montague-Panton |
|
|
|
|
|
| Welfare Trust |
642,935 |
- |
(14,920) |
- |
628,015 |
| Co-operative- Polytunnel |
2,983 |
- |
(63) |
- |
2,920 |
| Hatcher Animal Welfare |
|
|
|
|
|
| Trust dog shelters |
4,725 |
- |
(100) |
- |
4,625 |
| Cattery appeal |
12,200 |
- |
(123) |
- |
12,077 |
| The Norman Family |
|
|
|
|
|
| Foundation |
500 |
- |
(10) |
- |
490 |
| Support adoption for pets |
7,000 |
- |
- |
- |
7,000 |
| Animal Rescue |
|
|
|
|
|
| Foundation |
3,000 |
- |
- |
- |
3,000 |
| Hobson Charity |
20,000 |
- |
- |
- |
20,000 |
| Voles project |
2,238 |
- |
- |
- |
2,238 |
| Hayhurst Foundation |
4,985 |
- |
- |
- |
4,985 |
| Boris Appeal |
10,544 |
2,375 |
- |
- |
12,919 |
| Chicken run |
- |
3,217 |
- |
- |
3,217 |
| Comfy Cows |
- |
255 |
- |
- |
255 |
| Chinchilla House |
- |
2,808 |
- |
- |
2,808 |
| Other restricted funds |
15,213 |
6,000 |
(159) |
(1,590) |
19,464 |
| Total restricted funds |
1,283,649 |
15,155 |
(27,565) |
(1,590) |
1,269,649 |
| Total funds |
5,156,409 |
1,550,363 |
(1,796,789) |
- |
4,909,983 |
|
|
|
|
==== |
|
|
Unrestricted |
|
Total funds |
|
funds |
Restricted |
at31March |
|
General |
funds |
2024 |
|
£ |
£ |
£ |
| Intangible fixed assets |
8,340 |
- |
8,340 |
| Tangible fixed assets |
2,636,647 |
1,173,651 |
3,810,298 |
| Fixed asset investments |
392,497 |
- |
392,497 |
| Current assets |
163,846 |
117,980 |
281,826 |
| Current liabilities |
(228,209) |
- |
(228,209) |
| Creditors over 1 year |
(70,833) |
- |
(70,833) |
| Total net assets |
2,902,288 |
1,291,631 |
4,193,919 |
| Categorisationoffinancial instruments |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Financial assets measured at fair value through profit or loss |
392,497 |
732,149 |
| Financial assets that are debt instruments measured at amortised |
|
|
| cost |
8,012 |
29,107 |
| Financial liabilities measured at amortised cost |
(176,479) |
(167,704) |
|
224,030 |
593,552 |