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2020-09-30-accounts

Charity registration number: 1167990

MARGARET GREEN ANIMAL RESCUE (A CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Chartered Accountants

MARGARET GREEN ANIMAL RESCUE

CONTENTS

Reference and Administrative Details 1
Trustees' Report 2 to 15
Statement of Trustees' Responsibilities 16
Independent Auditors' Report 17 to 19
Consolidated Statement of Financial Activities 20
Consolidated Balance Sheet 21
Balance Sheet 22
Consolidated Statement of Cash Flows 23
Notes to the Financial Statements 24 to 45

MARGARET GREEN ANIMAL RESCUE

REFERENCE AND ADMINISTRATIVE DETAILS

Chief Executive Officer Mr G Wright
Trustees Mr T Payne (resigned 28 January 2020)
Mr M Devereux
Mr M Nathan
Mrs L Suchanek
Mr A Simons
Mr D Walker
Mr K Reynolds (appointed 24 March 2020)
Principal Office Margaret Green Animal Rescue
Church Knowle
Wareham
Dorset
BH20 5NQ
Charity Registration Number 1167990
Solicitors Stillwells Solicitors
6 Carlton Crescent
Southampton
Hampshire
SO15 2EY
Bankers NatWest
5 Old Christchurch Road
BOURNEMOUTH
Dorset
BH1 1DU
Lloyds
15 Blackheath Village
London
SE3 9LH
Investment Managers Hermes Property Unit Trust
Lloyds Chambers
1 Portsoken Street
London
EC1 8HZ
Redmayne Bentley
139 Commercial Road
Ashley Cross
Poole
Dorset
Auditor Edwards & Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
Rescue Centres Church Knowle, Wareham, Dorset, BH20 5NQ
Lincoln
Farm, Bere		 Road, Winterborne Kingston, Blandford,
Dorset, DT11 9BP
Wingletang, Brentor Road, Heathfield, Tavistock, Devon, PL19
0LF

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 30 September 2020.

Trustees’ Report 2019/20

This year has been one of the most testing in the Charity’s history. We continue to put the health and welfare of all our animals at the very core of everything we do and in doing so we make a significant difference to the lives of the animals in our care.

Prior to the pandemic arriving in March 2020 and the subsequent lockdown, the charity was performing well, with the Charity’s core activity of rescuing, caring for, and rehoming unwanted animals showing a 21% increase in the number of animals we rehomed.

The financial accounts at the end of February 2020 showed the combined group profits up by £82,755 (28%) for the first 5 months of the financial year compared to the same period in the previous year.

Strong appeals for Rex (see story below) along with a request for wooden kennels at our Wingletang Centre had been very well supported, whilst grants from the Co-op and Animal Friends Insurance were also received in that period.

The Trading Company performed well with strong increases in retail, boarding and rescue centre shop sales.

Then the COVID-19 pandemic arrived, with the first lockdown from 23rd March 2020.

The rescue centres closed to the public with only emergency intake of animals on welfare grounds, and rehoming stopped. The staff at the centres continued to work to look after the animals in our care, although some were furloughed due to low animal numbers at some of our centres, and volunteers were not allowed on site, both to protect themselves during these uncertain times, and to protect the staff still working.

Staff that could, worked from home, and all our retail employees were furloughed with all the charity shops being forced to close.

Whilst our boarding facilities were also closed we did offer emergency boarding free to emergency workers who required additional support due to the increased demands put on them.

Life in lockdown at the rescue centres was very different, with no volunteers or public on site, and with reduced staffing numbers the centres were much quieter. They did however get a significant increase in the demand to adopt animals during lockdown, particularly dogs. These raised many fears, particularly when questioned about their plans when they would go back to work and looking after the dog. Horse rehoming enquires also increased, resulting in 4 horses being rehomed after lockdown to families who had not considered a rescue before.

The level of support we received was significant, from the public wanting to volunteer, to donating items at both the shops and centres, and giving us financial support, culminating in our most successful appeal ever to date, the ‘Hope’ appeal in the summer newsletter.

Coming out of the first lockdown was a slower process, with the centres starting to rehome again, but still limiting visitors on-site. We adapted our processes with more use of ‘Zoom’ style meetings with adopters, and managing people on-site by appointment only. The shops opened one by one, and the level of donations received at the shops was significant, due to a lot of people clearing out their homes during lockdown.

The reduction in the number of animals we had on each of our centres unfortunately meant that we had to review our staffing levels, resulting in 3 staff leaving our Lincoln Farm centre with one of those relocating to Wingletang, and 1 at Church Knowle.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

With the help of our staff, volunteers, and supporters, we change the lives of the animals we care for on a daily basis. Our heartfelt thanks go out to all of them as, without their help, expertise, and passion to meet our values, it would not be possible for us to offer the high levels of animal welfare we pride ourselves on. Volunteers form an integral part of the work of the charity, and we very much appreciate the continued support of a very loyal group of volunteers. Volunteers support us with our animal welfare, in our fundraising activities including our retail shops, and in the wider community. Volunteering hours have decreased significantly from 18,636 in 2018/19 to 11,071 in 2019/20 with very few volunteers able to help following the first lockdown in March. We calculate that the financial value of these volunteer hours is £96,539 (£155,983 in 2018/19) and we expect this figure to return to previous levels in the financial year 2020/21 as we open more shops and encourage volunteering across the Charity.

We are dedicated to rescuing and caring for all the animals that come to us, many of whom come to us through no fault of their own, and these are some of their stories which highlight why our work is so important.

Winnie’s lifesaving surgery

Winnie an elderly black Labrador arrived at our Lincoln Farm Rescue and Rehoming Centre in Dorset very late one night after being found abandoned. It quickly became clear to the staff on duty that night that she was showing signs of lethargy and appeared to be very uncomfortable, raising concerns over her welfare.

After being monitored overnight, Winnie was taken straight to the vet in the morning where she was given a health check and an ultrasound. The staff had been right to be concerned, as the ultrasound showed that Winnie was suffering from Pyometra.

Pyometra is a very serious infection of the womb caused by a bacterial infection, which can cause the womb to fill with puss. If left untreated the condition can be fatal and so emergency surgery to remove the infected womb is the only option.

The cost of the surgery was just under £800 in total, however, we were lucky enough to receive a donation from the local council to fund 50% of this and our supporters donated to cover the rest of the cost. Winnie recovered well in her foster home and was subsequently rehomed by them and is living an excellent life.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Rise in obese dogs

Two unrelated Terrier type dogs who came into our Lincoln Farm Centre in Dorset, Susie and Cassie were both overweight and struggling to move around easily. They weighed in at over twice their recommended body weight of around 6.5kg!

Knowing obesity in dogs can cause a variety of health problems we were rightly concerned as one of the most predominant consequence of this is reduced mobility and joint pain, arthritis and even soft tissue injuries.

Both girls were quickly signed up to 'Waggy Weight Watchers' being put on strict ‘light’ diets and only having the occasional healthy treat. Day by day they managed to walk a little further. Susie and Cassie attended weekly weigh-ins to monitor their weight loss with Susie receiving regular pain relief as the effect of carrying around extra weight for so long has caused her to slip, leading to injury, which in turn reduced her mobility further.

Both of these elderly girls had a long journey ahead to get them down to having a slim waistline, but they enjoyed their regular exercise and play sessions with rewards of cuddles and a tiny treat for their achievements. They left us to go into their forever homes so much healthier than when they arrived.

Rex the brave

Rex a little 4 year old Terrier came into our care at the Wingletang Centre in an appalling state. The animal welfare team were so shocked that they immediately made an appointment for Rex to see their vet Chris Warren at Westmoor Veterinary Hospital. We feared how the injury had happened and what Rex must have gone through. The vets believe the wounds were caused from a suspected chemical or acid burn.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

The scarring was so bad on Rex’s face that he has no eyelids and struggles to blink. Thankfully, his sight wasn’t affected and we were able to treat his eyes to stop them getting too dry.

We named him Rex, which means King because he was such a brave boy! Sadly, when he was burnt it not only caused damage to his face but also to his ear, which then led to an infection that wouldn’t recover without surgery. We raised the total operation costs of £1,700 and he was able to have the complex operation, removing of the entire ear canal. Not only that, he also has a second procedure called the bulla osteotomy which was performed during the same surgery. This further procedure opened and cleared the bulla of all infected material combined.

As part of Rex’s recovery he was pampered with daily facials that moisturised his delicate skin around his face. The best news for Rex is that he found his forever family and continued his recovery at home.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Sad loss of Fred the Saanen goat

Unfortunately Fred our beloved Saanen goat passed away in May.

Fred was a very big character at Church Knowle and will be missed by staff, volunteers and visitors alike. He had been a resident at the centre since 2013 when he arrived with his brother Barney after their previous owner lost their land. Fred has had many roles whilst living with us, from showing off his clicker training at our on-site shows, meeting and greeting visitors, and training new staff and volunteers as his gentle nature made him an excellent teacher. Fred was one of the most affectionate goats we have had and although he could take his affection a bit far by sucking and eating people’s hair we think this made him all the more special.

Sadly Fred developed a urinary blockage which did not respond to treatment, so we had to make the heart breaking decision to have him put to sleep. Barney is coping well without Fred and is currently sharing a paddock with some sheep next to Cupid and Bubbles our other two goats so he doesn’t get lonely.

We are all focusing on the many happy memories we have of Fred.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Neville

Neville the pig has finally found his forever home!

Neville was quite the character and had a lot of ‘fans’ with many visiting him at our Church Knowle Centre. Coming to the centre in 2014, Neville enjoyed a fulfilling life, responding to clicker training, learning to sit and weave between his carers legs, which was always a great source of amusement for visitors. He also loved a chat with everyone and a good scratch with the broom from his carers. He also became something of a star, featuring in local and national press and hosting his own Instagram page. Within a few hours of Neville going home we received some great photos from his new family. By the looks of it he has fallen on his trotters and settled in well.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Joy for Jeff as he joins the Force

One of our rescue dogs is now a fully-fledged Police dog. Jeff, a young English Springer Spaniel who was in rescue at our Wingletang centre needed a forever home where he could focus his boundless energy, working drive and put it to good use. The centre contacted Devon & Cornwall Police Dog Section who came and assessed Jeff and felt he had potential for a future career in the Police.

Fast forward six months and Jeff completed his training with Dorset Police as a detection dog and is now ‘on the squad’. To mark his ‘graduation’ from Police Dog training Jeff was presented with his official Police dog collar at our centre. He received his collar from Niki Ging, Centre Manager at Wingletang with attendance of Matt Devereux, Trustee, Kate Wickins, Church Knowle Centre Manager, Helen Ellsmore, Lincoln Farm Centre Manager and Dorset Police. Following the presentation to Jeff, Inspector Neil Leat, Head of the Alliance Dog Section, said: “It’s been great to work with Margaret Green Animal Rescue to give Jeff a new start in life. For our specialist search dogs, we’re keen to work with animal rescue charities to offer dogs looking for a forever home a new active role within the police service. Having received his paw-fect official police collar, Jeff is about to embark on a paw-some career with Dorset Police sniffing out the evidence!”

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Objectives and Activities

The objectives and values of the Charity are to

Rescue, Care, Rehome and Support

We will Rescue homeless, abandoned, neglected or mistreated animals, ensuring Veterinary Care, rehabilitation and respect for each animal. Finding suitable forever homes for the pets in our care to be Rehomed, and providing lifelong Support for owners and their rescued pets.

As part of this we abide by the Five Freedoms for Animal Welfare

To achieve our objectives we have invested in resources that will allow us to increase the number of animals we are in a position to help, whilst ensuring that the high level of care is not compromised.

Practical examples of this include refurbishing kennels to provide up to date facilities which help keep the dogs calm whilst allowing for greater efficiency to keep the kennels clean and more practical to manage. We have built flexibility into the design to allow for the constantly changing needs of animal welfare. We have also improved the habitat of other species, from a new duck pond to a new external area for rabbits. The completion of new fencing around some of our fields has allowed us to utilise areas of our sites to better look after some of the equine and farm animals on our sites.

Our immediate aim is to continue to rehome all animal species where they are most likely to enjoy a full and happy life, and to generate funding to provide the standard of care which is required to do this.

Longer term our aims are to make better use of the land resource we have available to enable us to increase the number of animals which we can assist.

The trustees have given due regard to public benefit when planning the charity’s activities in accordance with the Charity Commission’s guidance on public benefit. Our activities of rescuing homeless, abandoned, neglected or mistreated animals are in the public benefit as we care for the animals that some of the public are no longer able or willing to do.

Financial Review

The financial statements on the following pages provide full details of the results for the year and the charity's financial position at the year end. In summary the Charity has achieved a financial deficit of £331,262 compared with the deficit of £300,793 in the previous financial year.

Despite this deficit, The Board of Trustees consider the Charity a sustainable and financially strong animal welfare charity. Our plans for the next five years are based on our determination to mainain our commitment to animal welfare across our geographic region supported by our ongoing financial performance.

The pandemic has greatly affected the normal charitable activities including less rehoming, events, boarding and retail sales. This has been partly offset by income through various government grants including Coronavirus Job Rentention Scheme and Local Restrictions Support Grants.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Reserves Policy

The trustees have identified the following financial risks to the charity: dependence upon legacy income and the risk that this may not be forthcoming; and prolonged site closure due to infection, government-imposed restriction of movement or widespread property damage; both of which would result in loss of income from charitable activity and donations. We have calculated that either of these things could result in a loss of approximately £560,000 per annum until such a time as normal business activity resumes. The trustees have decided that it is therefore prudent to keep approximately 3 years' assumed losses in reserve, which would amount to £1,680,000. This is entitled the Financial Risk Reserve.

The trustees have then set aside a number of other designated funds:

• A Depreciation Reserve of £2,503,573 has been established equivalent to the value of Depreciable Fixed Assets; these are the three centres which provide all animal welfare capability.

• An Investment Reserve of £2,141,233 has been established consisting of our Agricultural and other rental assets in Lincolnshire, and other investments which generate essential annual investment income towards our operating costs.

The net result of these various Reserves and Designated Funds is that all the Trustees consider that a Free Reserve for day to day cash flow managment must be maintained; this is currently in the order of £1,188,155.

Resticted income from donations is spent in accordance with the donors' wishes.

Achievements and Performance

Our Key Performance Indicators (KPIs) cover Finances, Animal Care, and Customer Care.

A statement of our Financial Performance is detailed above.

Our Rehoming figures during this period have decreased due to the pandemic, we rehomed 826 animals in 2019/20 (919 in 2018/19).

Rehoming of dogs increased slightly with 328 rehomed in 2019/20 (317 in 2018/19) partly down to the significant increase in demand for dogs during lockdown, whilst cat rehoming decreased to 313 (329). Other species were similar to the previous year with the exception of poultry which slowed to 138 homed in 2019/20 (192 in 2018/19). Rehoming of the larger species remains challenging, with more animals tending to come in due to behavioural or health issues. The work required with these animals means a special home is needed, where the appropriate care and support can be offered.

The numbers of stray dogs coming in from councils decreased by 21%, predominately due to very few strays in during lockdown. We are also receiving fewer kittens and puppies into the rescue centres. We are finding that animals may have had several homes before they are handed in to us, which may mean they have more behavioural or ingrained issues than we would have seen previously. There is an increase in animals being sold on some websites, where you could raise a small amount of money for your pet. This is a particular issue with kittens and puppies, where over the last year we have seen an increase in kittens for sale online rather than being handed in.

We continue to work together with a number of other animal welfare organisations to offer places where animals with the highest welfare needs are provided with suitable care as quickly and efficiently as possible.

We seek input from all adopters and centre visitors to identify improvements which we could make to the customer care experience. As a general statement we receive a lot of positive feedback and where suggestions for improvement are received, we always give these our full consideration. An example of this is the rehoming feedback forms we give out to all our Forever Homes, the results of these are sent to each Centre Manager to ensure we monitor and adapt as required.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

The pandemic has slowed plans for the redevelopment being planned at Wingletang. This will include refurbishing both sets of kennels and the replacement of the cattery. This will involve the demolition of existing facilities, which will require new storage and stabling on site. This work has however recommenced as this report is being written.

Remembering a great lady

Christmas Eve 2019 marked the 10 year anniversary of Margaret Green's passing.

We gathered at her memorial tree, that she shares with Angel her 'favourite' horse, to reminisce about all the wonderful things Margaret did for rescue animals and to lay a wreath in her memory.

Margaret's legacy continues on and we are so proud to be able to uphold the same values that were introduced when it all started in 1965.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Revamped Visitor centre

Before the pandemic struck we started the year of 2020 with a very exciting revamp of the Welcome Centre at our Church Knowle Rehoming and Visitor Centre.

It had a dusting off, a lick of paint, new signs and we started selling cat items such as scratching posts, toys, beds, cat litter trays and litter. Items are now available to purchase when rehoming a pet as another way to generate income for the centre. It also now features a history timeline informing visitors about how the charity started and also ways to support, such as sponsoring an animal and how to donate.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Help for NHS Frontline Workers

With the news of the first UK lockdown we wanted to support animals and people during such a challenging time.

The Coronavirus crisis meant we had to make significant changes to our set-up, which included closing our centres, postponing events, closing our boarding facilities, suspending rehoming and only taking animals into rescue that are confirmed as emergency welfare cases.

As a result of these closures some 150 rescue animals remained in our care across the three centres in Dorset and Devon. We naturally wanted to do all we could to help in difficult times, and so with a large number of empty boarding units available we offered assistance to temporarily board animals belonging to frontline NHS workers who become hospitalised by the Virus and who were unable to call on family or friends to provide care for them. This service was free of charge to those in the frontline of this crisis and we continued this throughout the pandemic. It was also made available to serving police staff and frontline Dorset and BCP Council Social Services care workers too.

Events

Resilient and new ways of fundraising

We had to take the difficult decision to cancel many of our events including our new two day event the Country Dog Show, which was due to be held over the weekend of 8/9th August 2020 at our Church Knowle centre.

Not wanting there to be a big event shaped hole in people’s hearts we rallied together and made a plan to take the event online. With the majority of the public house bound they were able to enjoy many elements of the event all from the comfort of their own home. This included an online auction, workshops, online dog show, live broadcasts, a quiz hosted by a local radio presenter and a welcome from our Patron. The event raised over £4,000 which really helped towards the loss of what we would have raised having been able to have a normal event.

We continue to utilise the skills and work we have gained from hosting fundraising activities online and will be implanting these into our future strategies

Two major projects funded

With two successful grant applications from PetPlan (£8,000) and the Lottery (£10,000) we then received a further £35,000 from Animal Friends Pet Insurance. With the donations totalling £53,000 we were finally able to start two large projects that have been on long overdue.

The first of these is to enhance the lives of the rescue horses by improving the condition of the Sand School by revamping and upgrading it, which is long overdue and had previously been ‘patched up’ to keep it in a useable state.

The Sand School is an important area for the rescue horses at the centre, as it is used for rehabilitation, lead training and to help those who have had minimal handling and need plenty of one to one interaction before they can be considered for potential rehoming. There was a lot of work to do on this area, it needed stripping back, new drainage installed, levelling out and then the top surface re-laid.

The second project is to replace and build a once well used facility that has been in a state of disrepair for almost two years. The cabin is a space that enables the Charity to support all groups coming to the centre, including volunteers, visitors, SEN groups and adopters. Not having a suitable facility to carry out this level of support has restricted our efforts to help, engage and educate the wider community. The plan is to create a multi-functional space so that it can be used to reach out to all walks of life, raise awareness, and further support the community, which in turn means we can continue to support the animals in our care. This project has been delayed due to COVID but is being completed as this report is being written.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Plans for Future periods

As highlighted in our statement on Financial Reserves above we have a number of major projects planned in the next few years.

At Wingletang Rescue and Rehoming Centre we are considering a significant project consisting of refurbishing and replacing areas of kennels and the cattery. This will be a much needed improvement as we again aim to bring these areas up to the current standard for animal welfare. Neither of these have been updated for 20 years and we do not feel they offer the best possible facilities for the rescue dogs and cats that come into the centre.

Another project we have wanted to complete has been the small animal area at our Church Knowle Centre. We received £6,062.34 from the Co-Operative in Wareham as part of their membership scheme which now means we can complete the area. We have made further plans to have the section updated to reflect the types of housing needed when rehoming a rabbit or guinea pig, which will inform the public of the correct requirements needed when owning a small animal. Being able to offer education at our sites is something the charity is keen to develop going forward.

We are continuing to work with corporate groups, funders and supporters to hopefully raise the funds to be able to complete these projects.

We will also continue to develop our Retail offer with plans for further shops if considered suitable by the Board of Trustees.

Risk Management

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems and reports have been established so that necessary steps can be taken to manage these risks. This is reviewed at every meeting of the trustees.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Structure, Governance and Management

The charity operated since it was founded in 1965 as an “unincorporated” organisation. Following new Charity Commission guidance we changed our legal status into a “Charitable Incorporated Organisation” (CIO) as of the 1st October 2016. The charity now has a new charity number, but its aims and objectives remain the same. The Board of Trustees govern the charity, and into which were transferred all the assets and liabilities of the previous charity.

Trustees are appointed following recognition by the board of a desirable skills or expertise shortage, and recruited following recommendations by trustees. All trustees receive an induction into the charity including visits to the rescue centres, and governance and financial information in accordance with Charity Commission guidelines. The charity currently has 6 Trustees who meet every other month to review the activities and the performance of the charity, including financial reviews, operational issues, and risk management.

Day to day management of the charity is delegated to the Chief Executive, who is assisted by a management team running the Rescue Centres and Commercial businesses.

In April 2016 a Trading Company was created to separate the risks of the commercial operations from the charity’s activities. The Trading Company incorporates all income from commercial boarding, online sales, and retail activity.

Staff remuneration is reviewed annually and considers the current financial performance of the charity, statutory requirements in respect of minimum/living wage limits, current rate of inflation and comparable pay rates within the charity sector.

Governing Document

The Constitution of the Charitable Incorporated Organisation was registered with the Charity Commission on the 1st July 2016.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 30 March 2021 and signed on its behalf by:

Mr M Devereux Trustee

Mr A Simons Trustee

MARGARET GREEN ANIMAL RESCUE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are of Margaret Green Animal Rescue are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of incoming resources and application of resources of the charity for that period.In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 30 March 2021 and signed on its behalf by:

Mr M Devereux Trustee

Mr A Simons Trustee

MARGARET GREEN ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARGARET GREEN ANIMAL RESCUE

Opinion

We have audited the financial statements of Margaret Green Animal Rescue the charity and its subsidiaries (the 'group') for the year ended 30 September 2020, which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Balance Sheet, 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 United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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 auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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.

MARGARET GREEN ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARGARET GREEN ANIMAL RESCUE

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

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:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 16), 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 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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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 an auditor’s report 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.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

MARGARET GREEN ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARGARET GREEN ANIMAL RESCUE

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the group's trustees those matters we are required to state to them in an auditor’s 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 charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Ian Carrington (Senior Statutory Auditor) For and on behalf of Edwards & Keeping, Statutory Auditor

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

8 April 2021

Edwards and Keeping is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.

MARGARET GREEN ANIMAL RESCUE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020 (INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Gains/losses on investment
assets
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 Unrestricted
funds
£
882,519
125,310
328,870
64,431
1,401,130
(268,562)
(1,393,188)
(1,661,750)
(128,218)
(388,838)
(388,838)
7,901,799
7,512,961		 Restricted
funds
£
58,960
-
-
-
58,960
-
(1,384)
(1,384)
-
57,576
57,576
-
57,576		 Total
2020
£
941,479
125,310
328,870
64,431
1,460,090
(268,562)
(1,394,572)
(1,663,134)
(128,218)
(331,262)
(331,262)
7,901,799
7,570,537		 Total
2019
£
681,046
116,691
487,146
85,997
1,370,880
(280,945)
(1,384,244)
(1,665,189)
(6,484)
(300,793)
(300,793)
8,202,592
7,901,799

All of the group's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 22.

MARGARET GREEN ANIMAL RESCUE

(REGISTRATION NUMBER: 1167990) CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2020

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
Creditors: Amounts falling due within one year
19
Net current assets
Net assets
Funds of the group:
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
22		 2020
£
2,503,573
4,186,627
6,690,200
11,530
447,882
501,470
960,882
(80,545)
880,337
7,570,537
57,576
7,512,961
7,570,537		 2019
£
2,579,328
4,101,694
6,681,022
13,882
484,332
805,679
1,303,893
(83,116)
1,220,777
7,901,799
-
7,901,799
7,901,799

The financial statements on pages 20 to 45 were approved by the trustees, and authorised for issue on 30 March 2021 and signed on their behalf by:

Mr M Devereux Trustee

Mr A Simons Trustee

MARGARET GREEN ANIMAL RESCUE

(REGISTRATION NUMBER: 1167990) BALANCE SHEET AS AT 30 SEPTEMBER 2020

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
18
Cash at bank and in hand
Creditors: Amounts falling due within one year
19
Net current assets
Net assets
Funds of the charity:
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
22		 2020
£
2,481,493
4,186,727
6,668,220
506,615
451,320
957,935
(71,835)
886,100
7,554,320
57,576
7,496,744
7,554,320		 2019
£
2,555,500
4,101,794
6,657,294
587,097
714,552
1,301,649
(72,345)
1,229,304
7,886,598
-
7,886,598
7,886,598

The financial statements on pages 20 to 45 were approved by the trustees, and authorised for issue on 30 March 2021 and signed on their behalf by:

Mr M Devereux Trustee

Mr A Simons Trustee

MARGARET GREEN ANIMAL RESCUE

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Note
Cash flows from operating activities
Net cash expenditure
Adjustments to cash flows from non-cash items
Depreciation
7
Investment income
6
Loss on disposal of tangible fixed assets
Revaluation of investments
Working capital adjustments
Decrease/(increase) in stocks
17
Decrease in debtors
18
Decrease in creditors
19
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
6
Purchase of tangible fixed assets
15
Purchase of investments
Sale of investments
Income from dividends
6
Net cash flows from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 October
Cash and cash equivalents at 30 September		 2020
£
(331,262)
127,544
(64,431)
-
136,218
(131,931)
2,352
36,450
(2,571)
(95,700)
4,775
(51,789)
(2,213,914)
1,992,763
59,656
(208,509)
(304,209)
805,679
501,470		 2019
£
(300,793)
130,296
(85,997)
158
(59,357)
(315,693)
(4,615)
488,817
(68,472)
100,037
13,014
(449,538)
(965,581)
1,270,523
72,983
(58,599)
41,438
764,241
805,679

All of the cash flows are derived from continuing operations during the above two periods.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

1 Charity status

Margaret Green Animal Rescue is a registered charitable incorporated organisation (CIO), registration number 1167990, registered in England and Wales. The nature of the charity's operations and principal activities are described in the Trustees' annual report.

The address of its registered office is: Margaret Green Animal Rescue Church Knowle Wareham Dorset BH20 5NQ

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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) published October 2019. They also comply with the Charities Act 2011.

Basis of preparation

Margaret Green Animal Rescue meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

Departures from the Charities Regulations

The financial statements have been prepared to give a ' true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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 (FRS102) published October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the charity and its subsidiary undertakings drawn up to 30 September 2020.

No statement of financial activities is presented for the charity as permitted by Charities SORP. The charity made a loss after tax for the financial year of £332,277 (2019- loss of £300,793).

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

A subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the statement of financial activities from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the charity and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination. Total comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance.

Going concern

The trustees consider that there are no material uncertainties about the group's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the group.

Judgements

The following judgements have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements: The recognition of legacies.

Key sources of estimation uncertainty

The key assumptions concerning the future and other key 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 financial year include:

The measurement of legacy debtors. Legacies are accounted for when the receipt is probable and the value can be reliably measured. Legacies accrued as at 30 September 2020 were £297,437 (2019 -£319,668).

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Grants receivable

Grants are recognised when the group has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Gifts in kind

Gifts in kind are recognised in different ways dependent on how they are used by the charity.

(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised.

(ii) Those donated for onward transmission to beneficiaries are included in the statement of financial activities as incoming resources expended when they are distributed. They are valued at the amount the charity would have to pay to acquire them.

(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have to pay to acquire the.

Shop income and income derived from events is recognised as earned (that is, as the related goods or services are provided).

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Investment income

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.Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Charitable activities

Income from charitable activities includes income recognised as earned (as the goods or services are provided) under contract.

Other income

Rents receivable are accounted for on an accruals basis. Retail income is recognised at the point of sale.

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

All resources expended are inclusive of irrecoverable VAT.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Asset class Depreciation method and rate Freehold buildings 50 years straight line basis Equipment and fittings 25%-35% reducing balance basis Motor Vehicles 4 years straight line basis Site Improvements 20 years straight line basis IT equipment 4 years straight line basis Shop fittings 6 years straight line basis

Investment properties

Freehold land and buildings which are held primarily for either rental income or capital appreciation are included at fair value,

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out basis (FIFO).

Items donated for resale or distribution are not included in the financial statements until they are sold or distibuted.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Concessionary loans

Concessionary loans include those receivable from third parties which are interest free or below market rates and are made to advance charitable purposes. All loans are measured at cost, less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the group.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Designated funds include:

Financial risk reserve, which is maintained in order to mitigate the risk of identified financial risks.

Commercial activities, support the charity's commercial ambitions though the trading company to acquire and open more retail units.

Centre developments, centre developments including a new reception/administration building at Lincoln Farm and a new cattery and kennels at Wingletang.

An investment reserve, which is designed to match the value of investment property and cash held for investment property investment at the year-end.

A depreciation reserve, which is designed to match the net book value of depreciable tangible fixed assets at the year end.

Under the terms of the Trust Deed, the Trustees may at any time, at their discretion, apply the whole or any part of the capital of the Charity towards the objects of the Charity.

Further details of each fund are disclosed in note 21.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contibution plan for the benefit of its employees. Contributions are expensed as they become payable.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Legacies
Gift aid reclaimed
Grants, including capital grants;
Government grants
Grants from other charities
Rental income		 Unrestricted
funds
General
£
235,107
347,006
29,492
192,985
8,900
69,029
882,519		 Restricted
funds
£
6,760
-
-
-
52,200
-
58,960		 Total
2020
£
241,867
347,006
29,492
192,985
61,100
69,029
941,479		 Total
2019
£
199,628
435,316
21,477
-
11,000
13,625
681,046

4 Income from charitable activities

Other income
Adoptions and strays
5
Income from other trading activities
Trading income;
Shop income from sale of donated goods and
services
Trading company
Local fundraising and street collection income		 Unrestricted
funds
General
£
42,507
82,803
125,310
Unrestricted
funds
General
£
4,852
288,845
35,173
328,870		 Total
2020
£
42,507
82,803
125,310
Total
2020
£
4,852
288,845
35,173
328,870		 Total
2019
£
31,679
85,012
116,691
Total
2019
£
5,920
408,964
72,262
487,146

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

6 Investment income

Unrestricted funds

Unrestricted
funds
Income from dividends;
Dividends receivable from other listed
investments
Interest receivable and similar income;
Interest receivable on bank deposits
7
Expenditure on raising funds
Costs of generating donations and legacies
Costs of trading activities
Investment management costs		 General
£
59,656
4,775
64,431
Unrestricted
Funds
£
2,963
256,067
9,532
268,562		 Total
2020
£
59,656
4,775
64,431
Total
2020
£
2,963
256,067
9,532
268,562		 Total
2019
£
72,983
13,014
85,997
Total
2019
£
10,987
262,963
6,995
280,945

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

8 Expenditure on charitable activities

Activity Activity
undertaken support Total Total
directly costs 2020 2019
£ £ £ £
Food and consumables 19,608 - 19,608 17,771
Veterinary fees -Winnie - - - 400
Veterinary fees-Rex 1,384 - 1,384 -
Veterinary fees 114,275 - 114,275 125,064
Wages and salaries 615,184 - 615,184 591,855
Staff NIC (Employers) 37,254 - 37,254 51,543
Employers pension 12,505 - 12,505 10,274
Rates 20,202 - 20,202 26,460
Light, heat and power 43,478 - 43,478 44,725
Insurance 10,274 - 10,274 9,885
Repairs and maintenance- Kennel
refurb appeal - - - 6,520
Repairs and maintenance-Kennel
club - - - 470
Repairs and maintenance-Equine
shelters - - - 4,730
Repairs and maintenance 70,114 - 70,114 42,470
Telephone and fax 21,245 - 21,245 18,417
Computer software and
maintenance costs 29,920 - 29,920 28,951
Printing, postage and stationery 13,937 - 13,937 21,095
Sundry expenses 152 - 152 878
Cleaning, clothing, health and
safety 21,153 - 21,153 20,986
Motor expenses 14,362 - 14,362 18,942
Advertising 8,423 - 8,423 8,367
Trade subscriptions 715 - 715 740
Wages and salaries-Admin &
marketing - 176,736 176,736 184,878
Staff NIC (Employers)-Admin &
marketing - 14,527 14,527 -
Staff training - 795 795 3,867
Staff welfare - 2,410 2,410 2,900
Staff recruitment - 314 314 251
Legal and professional fees - 10,413 10,413 4,074
Bad debts written off - - - (66)
Bank charges - 4,962 4,962 4,219
Credit card charges - 245 245 244
Depreciation of freehold property - 60,549 60,549 60,140
Depreciation of short leasehold
property - 23,966 23,966 23,368
Depreciation of fixtures and fittings - 11,710 11,710 14,290
Depreciation of motor vehicles - 24,659 24,659 25,837

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

(Profit)/loss on sale of tangible
fixed assets held for charity's own
use
Governance costs		 Activity
undertaken
directly
£
-
-
1,054,185		 Activity
support
costs
£
-
9,101
340,387		 Total
2020
£
-
9,101
1,394,572		 Total
2019
£
158
9,541
1,384,244

£1,393,188 of the above expenditure was attributable to unrestricted funds (2019: £1,372,099) and £1,384 (2019:£12,145) to restricted funds.

9 Analysis of governance and support costs

Governance costs

Audit fees
Audit of the financial statements
Trustees remuneration and expenses
Other governance costs		 Unrestricted
funds
General
£
7,855
585
661
9,101		 Total
2020
£
7,855
585
661
9,101		 Total
2019
£
6,843
1,041
1,657
9,541

10 Net incoming/outgoing resources

Net outgoing resources for the year include:

Audit fees
Loss on disposal of tangible fixed assets
Depreciation of fixed assets		 2020
£
7,550
-
128,482		 2019
£
6,843
158
130,296

11 Trustees remuneration and expenses

During the year the group made the following transactions with trustees:

Mr M Devereux

£585 (2019: £1,041) of expenses were reimbursed to Mr M Devereux during the year, all of which was donated back to the Charity with Gift Aid benefit.

No trustees, nor any persons connected with them, have received any remuneration from the group during the year.

No trustees have received any other benefits from the charity during the year.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

12 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Employers' pension		 2020
£
791,920
51,781
12,505
856,206		 2019
£
776,733
51,543
10,274
838,550

The monthly average number of persons (including senior management team) employed by the group during the year expressed as full time equivalents was as follows:

Admin
Marketing and fundraising
Retail
Church Knowle
Lincoln Farm
Wingletang		 2020
No
5
4
9
20
13
8
59		 2019
No
5
4
9
19
13
9
59

The number of employees whose emoluments fell within the following bands was:

£60,001 - £70,000 2020
No
1		 2019
No
1

13 Auditors' remuneration

2020 2019
£ £
Audit of the financial statements 7,855 6,843

14 Taxation

The group is a registered charity and is therefore exempt from taxation.

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

15 Tangible fixed assets

Group

Cost
At 1 October 2019
Additions
At 30 September 2020
Depreciation
At 1 October 2019
Charge for the year
At 30 September 2020
Net book value
At 30 September 2020
At 30 September 2019		 Land and
buildings
£
2,723,908
37,744
2,761,652
223,592
91,175
314,767
2,446,885
2,500,316		 Furniture
and
equipment
£
74,737
7,495
82,232
41,765
10,072
51,837
30,395
32,972		 Motor
vehicles
£
104,175
6,550
110,725
58,135
26,297
84,432
26,293
46,040		 Total
£
2,902,820
51,789
2,954,609
323,492
127,544
451,036
2,503,573
2,579,328

Included within the net book value of land and buildings above is £2,048,229 (2019 - £2,082,971) in respect of freehold land and buildings and £398,656 (2019 - £417,345) in respect of leaseholds.

Charity

Cost
At 1 October 2019
Additions
At 30 September 2020
Depreciation
At 1 October 2019
Charge for the year
At 30 September 2020
Net book value
At 30 September 2020
At 30 September 2019		 Land and
buildings
£
2,685,292
37,744
2,723,036
208,804
84,515
293,319
2,429,717
2,476,488		 Furniture
and
equipment
£
74,737
7,495
82,232
41,765
11,710
53,475
28,757
32,972		 Motor
vehicles
£
104,175
-
104,175
58,135
23,021
81,156
23,019
46,040		 Total
£
2,864,204
45,239
2,909,443
308,704
119,246
427,950
2,481,493
2,555,500

Included within the net book value of land and buildings above is £2,048,229 (2019 - £2,082,971) in respect of freehold land and buildings and £381,488 (2019 - £393,517) in respect of leaseholds.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

16 Fixed asset investments

Group
Investment properties
Other investments
Investment properties
Cost or Valuation
At 1 October 2019
Additions
At 30 September 2020
Provision
At 30 September 2020
Net book value
At 30 September 2020
At 30 September 2019		 2020
£
2,141,233
2,045,394
4,186,627		 2019
£
965,000
3,136,694
4,101,694
Investment
properties
£
965,000
1,176,233
2,141,233
-
2,141,233
965,000

The investment property was valued at £965,000 at January 2019 the trustees believe the value to still be appropriate.

A second property was purchased in the year for £1,176,233 the trustees believe this value to still be appropriate.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Other investments

Other investments
Cost or Valuation
At 1 October 2019
Revaluation
Additions
Disposals
At 30 September 2020
Net book value
At 30 September 2020
At 30 September 2019		 Hermes
investments
£
1,128,216
(76,163)
-
-
1,052,053
1,052,053
1,128,216		 UBS
Investments
£
2,008,478
(19,196)
3,481
(1,992,763)
-
-
2,008,478		 Redmayne
Bentley
£
-
(40,859)
1,034,200
-
993,341
993,341
-		 Total
£
3,136,694
(136,218)
1,037,681
(1,992,763)
2,045,394
2,045,394
3,136,694

The investments were valued by Hermes Property Trust Limited based on the bid market price as at 30 September 2020.

The Redmayne Bentely investments were valued at the closing market price as at 30 September 2020.

Charity

Charity
Investment properties
Shares in group undertakings and participating interests
Other investments		 2020
£
2,141,233
100
2,045,394
4,186,727		 2019
£
965,000
100
3,136,694
4,101,794

Investment properties

Investment properties
Cost or Valuation
At 1 October 2019
Additions
At 30 September 2020
Provision
At 30 September 2020
Net book value
At 30 September 2020
At 30 September 2019
There has been no valuation of investment property by an independent valuer.		 Investment
properties
£
965,000
1,176,233
2,141,233
-
2,141,233
965,000

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Shares in group undertakings and participating interests

Cost
At 1 October 2019
At 30 September 2020
Net book value
At 30 September 2020
At 30 September 2019
Other investments
Cost or Valuation
At 1 October 2019
Revaluation
Additions
Disposals
At 30 September 2020
Net book value
At 30 September 2020
At 30 September 2019
17 Stock
Finished goods		 Hermes
investments
£
1,128,216
(76,163)
-
-
1,052,053
1,052,053
1,128,216		 Subsidiary
undertakings
£
100
100
100
100
UBS
Investments
£
Redmayne
Bentley
£
2,008,478
-
(19,196)
(40,859)
3,481
1,034,200
(1,992,763)
-
-
993,341
-
993,341
2,008,478
-
Group
2020
£
2019
£
11,530
13,882		 Total
£
100
100
100
100
Total
£
3,136,694
(136,218)
1,037,681
(1,992,763)
2,045,394
2,045,394
3,136,694
Charity
2020
£
-
1,052,053
1,052,053
1,128,216

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

18 Debtors

Trade debtors
Due from group undertakings
Prepayments
Other debtors and accrued income
VAT recoverable		 Group
2020
£
2019
£
6,993
1,493
-
-
27,424
88,436
400,826
378,237
12,639
16,166
447,882
484,332		 Charity
2020
£
2019
£
6,993
1,493
91,752
129,468
17,452
76,969
386,615
366,050
3,803
13,117
506,615
587,097		 Charity
2020
£
2019
£
6,993
1,493
91,752
129,468
17,452
76,969
386,615
366,050
3,803
13,117
506,615
587,097
587,097

19 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals		 Group
2020
£
2019
£
39,757
44,953
15,170
12,837
4,224
3,938
21,395
21,388
80,546
83,116		 Charity
2020
£
2019
£
38,984
42,342
15,170
12,837
4,224
4,038
13,457
13,128
71,835
72,345		 Charity
2020
£
2019
£
38,984
42,342
15,170
12,837
4,224
4,038
13,457
13,128
71,835
72,345
72,345

20 Operating lease income

Total future minimum lease income under non-cancellable operating leases are as follows:

Land and buildings
Within one year
Between one and five years
After five years		 Group
2020
£
67,500
270,000
337,500
675,000		 Charity
2020
£
67,500
270,000
337,500
675,000

21 Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £12,505 (2019 £10,274).

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

22 Funds

Group

Balance at
1 October
2019
£
Unrestricted funds
General
General
Funds
970,777
Designated
Depreciation
Reserve
2,579,328
Investment
Reserve
2,671,694
Financial Risk
1,680,000
6,931,022
Total
unrestricted
funds
7,901,799
Restricted
funds
Rabbit Area
-
Rex operation
-
Sand School
-
Cabin Appeal
-
Total restricted
funds
-
Total funds
7,901,799		 Incoming
resources
£
1,401,130
-
-
-
-
1,401,130
5,376
1,384
32,200
20,000
58,960
1,460,090		 Resources
expended
£
(1,534,206)
(127,544)
-
-
(127,544)
(1,661,750)
-
(1,384)
-
-
(1,384)
(1,663,134)		 Transfers
£
Other
recognised
gains/(losses)
£
478,672
(128,218)
51,789
-
(530,461)
-
-
-
(478,672)
-
-
(128,218)
-
-
-
-
-
-
-
-
-
-
-
(128,218)		 Balance at
30
September
2020
£
1,188,155
2,503,573
2,141,233
1,680,000
6,324,806
7,512,961
5,376
-
32,200
20,000
57,576
7,570,537

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Balance at
1 October
2018
£
Unrestricted funds
General
General
Funds
1,083,338
Designated
Depreciation
Reserve
2,161,284
Investment
Reserve
2,215,000
Centre
Developments
1,042,000
Commerical
Activities
20,500
Financial Risk
1,680,000
7,118,784
Total
unrestricted
funds
8,202,122
Restricted
funds
Winnie
Operation
-
Barn new
build
-
Kennel club
470
Kennel
refurbishment
-
Equine
Shelters
-
Portacabin
-
Total restricted
funds
470
Total funds
8,202,592		 Incoming
resources
£
1,315,313
-
-
-
-
-
-
1,315,313
400
43,892
-
6,520
4,730
25
55,567
1,370,880		 Resources
expended
£
(1,529,409)
(123,635)
-
-
-
-
(123,635)
(1,653,044)
(400)
-
(470)
(6,520)
(4,730)
(25)
(12,145)
(1,665,189)		 Transfers
£
Other
recognised
gains/(losses)
£
108,019
(6,484)
541,679
-
456,694
-
(1,042,000)
-
(20,500)
-
-
-
(64,127)
-
43,892
(6,484)
-
-
(43,892)
-
-
-
-
-
-
-
-
-
(43,892)
-
-
(6,484)		 Balance at
30
September
2019
£
970,777
2,579,328
2,671,694
-
-
1,680,000
6,931,022
7,901,799
-
-
-
-
-
-
-
7,901,799

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Charity

Balance at
1 October
2019
£
Unrestricted funds
General
General
955,576
Designated
Depreciation
Reserve
2,579,328
Investment
Reserve
2,671,694
Financial Risk
1,680,000
6,931,022
Total
Unrestricted
funds
7,886,598
Restricted
funds
Rex Operation
-
Rabbit Area
-
Sand School
-
Cabin Appeal
-
Total restricted
funds
-
Total funds
7,886,598		 Incoming
resources
£
1,142,411
-
-
-
-
1,142,411
1,384
5,376
32,200
20,000
58,960
1,201,371		 Resources
expended
£
(1,284,801)
(119,246)
-
-
(119,246)
(1,404,047)
(1,384)
-
-
-
(1,384)
(1,405,431)		 Transfers
£
Other
recognised
gains/(losses)
£
530,461
(128,218)
-
-
(530,461)
-
-
-
(530,461)
-
-
(128,218)
-
-
-
-
-
-
-
-
-
-
-
(128,218)		 Balance at
30
September
2020
£
1,215,429
2,460,082
2,141,233
1,680,000
6,281,315
7,496,744
-
5,376
32,200
20,000
57,576
7,554,320

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

Balance at
1 October
2018
£
Unrestricted funds
General
General
1,095,604
Designated
Depreciation
Reserve
2,161,284
Investment
Reserve
2,215,000
Centre
Developments
1,042,000
Commercial
Activities
20,500
Financial Risk
1,680,000
7,118,784
Total
unrestricted
funds
8,214,388
Restricted
funds
Winnie
Operation
-
Kennel club
470
Kennel
refurbishment
-
Barn new
build
-
Equine
shelters
-
Portacabin
-
Total restricted
funds
470
Total funds
8,214,858		 Incoming
resources
£
1,030,883
-
-
-
-
-
-
1,030,883
400
-
6,520
43,892
4,730
25
55,567
1,086,450		 Resources
expended
£
(1,272,446)
(123,635)
-
-
-
-
(123,635)
(1,396,081)
(400)
(470)
(6,520)
-
(4,730)
(25)
(12,145)
(1,408,226)		 Transfers
£
Other
recognised
gains/(losses)
£
108,019
(6,484)
541,679
-
456,694
-
(1,042,000)
-
(20,500)
-
-
-
(64,127)
-
43,892
(6,484)
-
-
-
-
-
-
(43,892)
-
-
-
-
-
(43,892)
-
-
(6,484)		 Balance at
30
September
2019
£
955,576
2,579,328
2,671,694
-
-
1,680,000
6,931,022
7,886,598
-
-
-
-
-
-
-
7,886,598

The specific purposes for which the funds are to be applied are as follows:

The Sand School restricted fund is to raise money to remove and repair the Sand School surface, to update the drainage and erect new fencing to allow our rescued horses to use the Sand School. The Cabin Appeal is to raise funds for a portacabin at the Church Knowle site.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

23 Analysis of net assets between funds

Group
Tangible fixed assets
Fixed asset investments
Current assets
Total net assets
Charity
Tangible fixed assets
Fixed asset investments
Current assets
Total net assets
24 Analysis of net funds
Group
Cash at bank and in hand
Net debt
Charity
Cash at bank and in hand
Net debt		 Unrestricted funds
General
£
Designated
£
-
2,503,573
365,394
3,821,233
822,761
-
1,188,155
6,324,806
Unrestricted funds
General
£
Designated
£
-
2,481,493
386,905
3,799,822
828,524
-
1,215,429
6,281,315
At 1 October
2019
£
805,679
805,679
At 1 October
2019
£
714,552
714,552		 Restricted
funds
£
-
-
57,576
57,576
Restricted
funds
£
-
-
57,576
57,576
Cash flow
£
(304,209)
(304,209)
Cash flow
£
(263,232)
(263,232)		 Total funds
£
2,503,573
4,186,627
880,337
7,570,537
Total funds
£
2,481,493
4,186,727
886,100
7,554,320
At 30
September
2020
£
501,470
501,470
At 30
September
2020
£
451,320
451,320

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

25 Related party transactions

Charity

During the year the charity made the following related party transactions:

Margaret Green Animal Rescue (Trading) Limited

((Margaret Green Animal Rescue holds 100% of the issued share capital))

Management fess were charged to Margaret Green Animal Rescue (Trading) Limited totalling £6,000 (2019:£6,000) and internal recharges totalling £87,601 (2019:£80,731) in relation to boarding costs for the year. At the year end £26,795 (2019:£837 due from) was due to Margaret Green Animal Rescue (Trading) Limited in respect of net debtor and creditor balances.

A concessionary loan has been provided to Margaret Green Animal Rescue (Trading) Limited totalling £Nil (2019: £Nil) in the year and repayments of £35,000 (2019:£6,000) were made during the year. At the year end the total loan balance due from Margaret Green Animal Rescue (Trading) Limited was £60,275 (2019:£92,500). Interest at 3% was charged on the loan amounting to £1,808 (2019: £2,775.)

A donation of £2,600 (2019: £35,030) was made to the charity from it's trading subsidiary Margaret Green Animal Rescue (Trading) Limited.

At the year end £100 was due in respect of share capital and is included in other creditors. At the balance sheet date the amount due from Margaret Green Animal Rescue (Trading) Limited was £91,752 (2019:£144,338).