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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 10404912 (England and Wales) REGISTERED CHARITY NUMBER: 1169511/SC048389

Group Report of the Trustees and

Consolidated Audited Financial Statements for the Year Ended 31 December 2020

for

OAK TREE ANIMALS' CHARITY

OAK TREE ANIMALS' CHARITY

Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 13
Consolidated Statement of Financial Activities 14
Consolidated Statement of Financial Position 15
Charity Statement of Financial Position 16
Consolidated Statement of Cash Flows 17
Notes to the Consolidated Statement of Cash Flows 18 to 19
Notes to the Financial Statements 20 to 42
Detailed Statement of Financial Activities 43 to 45

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees who are also directors of the charity and group for the purposes of the Companies Act 2006, present their report with the consolidated financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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) (effective 1 January 2019).

Welcome to the Annual Report and Financial Statements of Oak Tree Animals' Charity.

Our Vision

Our vision is a world where understanding and empathy ensure that all animals are treated with kindness and respect.

Our Mission

Our mission is to help companion animals in need; finding them a safe and comfortable home and helping the community to understand their needs, through support and education.

Our Values

Our values are integral to our everyday work. They reflect what we stand for and how we evaluate ourselves.

Review of 2020

2020 was such a challenging year for everyone, and we, like so many, are grateful to see a glimmer of light at the end of the tunnel in 2021. Our proactive, community-based approach is unique in our region and during this pandemic we have been needed by our community perhaps more than ever before.

The report of the Trustees provides detailed explanations of the activities of the charity and the results achieved in 2020.

Page 1

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

OBJECTIVES AND ACTIVITIES Objectives and aims

Founded in 1909 by Francis Cox, who campaigned for better working conditions for pit ponies and other working horses, the charity has now grown to provide a home for horses, donkeys, goats and cattle. It's also a safe haven for abandoned or relinquished dogs & cats who are awaiting new homes through our Adoption Programme.

Every year the charity takes in hundreds if animals and gives them a second chance. We rehabilitate the animals, but we also prepare potential owners for life with a new companion and offer the help and support necessary for both animal and owner to love a long and happy life together.

Our work in the community means that loving pet owners can find the information and resources they need to keep their animals happy, healthy and in good homes. We also support unowned animals such as feral cats through our Trap Neuter Return (TNR) programme.

We use educational campaigns to raise awareness and change perceptions, with the aim of providing a brighter future for animals in all walks of society. Our Team speaks to schools, community groups and colleges about animal welfare and offers advice on working with animals in the future, investing in our younger generations and providing them with the knowledge they need to help animals in the long term.

Strategies for achieving aims and objectives

Within our "Onwards and Upwards in a Changing World 2021-2024" Strategy, we have four strategic priorities:

  1. Animal Welfare - Rehoming

  2. Animal Welfare - Community

  3. Education

  4. Sustainability

Page 2

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

OBJECTIVES AND ACTIVITIES Significant activities

Animal Welfare - Rehoming

Animal welfare is at the heart of our charity. The welfare of the cats, dogs, equines and other animals is of the utmost importance. Every animal is unique with individual needs and our staff work hard to ensure that animals in our rehoming programme benefit from an enriched environment and positive and fulfilling interactions with humans during their time with us.

We assess our animals thoroughly, providing veterinary, behavioural and training support to ensure that they have the best possible chance of finding their own loving, forever home.

Animal Welfare - Community

We provide support, where it is needed, at the heart of our community. As a charity, a proactive community approach is key to our success. We tailor our support to the individual animals and owners to improve and maintain animal welfare in our region.

We are committed to our development to ensure that we provide a professional, relevant, knowledgeable and approachable service that can be accessed by all within the Borders. We also provide a voice for animals through our advocacy work.

Education

Education is key to the improvement of animal welfare. We seek to support and advise animal owners and all who come into contact with animals to prevent issues arising. From preventative healthcare and nutrition advice, training and behaviour support to helping new owners make the right pet choices.

We offer approachable, knowledgeable and professional training to all. In addition, we work on site and with schools and community groups to provide insight into animal welfare issues, animal interactions and offer volunteering opportunities.

Sustainability

We are committed to ensuring our charity has a sustainable and bright future enabling us to deal with the animal welfare challenges that will arise in the 21st century and beyond.

Our knowledge, experience and financial resources must continue to ensure that animals and our community have our care and support during these changing times.

Public benefit

The Board of Trustees has considered the guidance produced by the Charity Commission on the provision of public benefit and confirms that public benefit is provided by the Charity's activities. The Charity operates the Oak Tree Farm, a temporary haven for animals while a new home is sought for them as well as a long-term home for retired animals. The Charity provides advice and support to pet owners and gives peace of mind when an animal has to be taken into care because the owner is no longer able to keep it. The Charity operates a free education service on animal welfare issues to schools, nurseries, further education establishments and community groups.

When establishing strategies and deciding upon the main activities, the trustees have had regard to Charity Commission guidance on public benefit.

Volunteers

Our 216 volunteers are essential to ensure we are able to carry out our work in our community. They are absolutely invaluable. We would like to thank them for their dedication and commitment to our work and improving the lives of animals in our region.

Page 3

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

ACHIEVEMENT AND PERFORMANCE

In 2020, with your support, we were able to help 2807 animals who needed our help through our community and rehoming programmes.

Some animals needed to find loving new homes with others needing to find their way back home when lost. Owners required help with a wide variety of issues, many exacerbated by the pandemic. With your support we were able to:

The pandemic saw many challenges but also brought us opportunities to develop our support programmes to meet the needs of our community. We were able to extend our 'A Helping Paw' Programme to not only support those who are homeless or fleeing domestic violence, but also key workers who lived alone with no nearby support and were concerned about their options should they become hospitalised. There were also those who were providing palliative care or going through end-of-life situations with a family member and were unable to care for their pets during this period.

Our staff and volunteer teams have worked tirelessly to make sure every case we are able to help with has the right outcome for both animal and owner. To conserve funds we needed to furlough many of our team, but the remaining team stepped up and took up the challenge to support our community as best we could. All team members were fully in support of new areas of work demonstrating their dedication and ability to diversify and adapt. We developed relationships with local community Covid-19 groups to provide pet support as needed, provided insight, advice to county and local councils and other local organisations through the Cumbria Community Resilience Group and other platforms. This helped to ensure that pet owners were supported throughout this challenging period.

Our Education programme adapted to meet the challenges of the pandemic - providing a range of dynamic online activities, Google classrooms and animal welfare themed activities for those who were home-schooling. Our Training Team also took dog training classes and 1-2-1 online sessions, helping owners to start and continue training throughout lockdown and address some of the dog behavioural challenges that were seen to develop in this period.

Our supporters also stepped up amazingly. With our tearoom, site and charity shops being forced to close with lockdown, our community got behind us with generous donations, taking part in our online events, fundraising activities and sending us amazing messages of support and gifts for the animals. Although we did lose a significant number of our income streams during the lockdowns, forcing us to draw on our reserves, our generous supporters enabled us to limit the size of our losses. On behalf of the whole team, the Trustees would like to thank all of our supporters who helped us during this time.

FINANCIAL REVIEW

Financial Review

Our aim to diversify our funding streams continues and, while income was less than 2019 and both trading and direct fundraising hampered by Covid restrictions, our results reflect this increase in diversification.

Page 4

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

FINANCIAL REVIEW Principal funding sources

Legacies
Donations (including Gift Aid)
Grants
Trading activities
Other
Total		 2020
£
%
256,592
35.9%
133,502
18.7%
197,471
27.6%
110,906
15.5%
15,975
2.2%
714,446		 2019
£
%
620,170
65.2%
130,003
13.7%
40,890
4.3%
140,993
14.8%
18,847
2.0%
950,903

While we have not emerged financially unscathed from the pandemic, with the loss reflected in the accounts of £268,768, access to government support, additional support from grant-funders and individual donations, as well as the use of digital fundraising and e-commerce techniques, meant that the level of loss was managed, providing us with a firm platform to move forward from.

The key financial facts for year ended 31st December 2020 are: income of £714,446, expenditure £999,780 and net gains on investments of £16,566 resulting in a deficit of £268,768 Total unrestricted reserves at the end of 2020 were £2,078,417, with £606,725 being accessible reserves, and the remainder being tangible fixed assets, primarily our land and buildings.

By comparison, the accounts of year ending 31st December 2019 showed income of £950,903, expenditure of £1,012,021 (excluding exceptional items of £1,653,224 which comprised an impairment of the property at Oak Tree Farm) and a net gain from investments of £67,528 resulting in a comparable surplus for the year of £6,410.

The Charity owes a significant amount of gratitude to our supporters for their continued support of our work, which ultimately benefits the animals in our care and within our community. We would like to thank the Ostachinni Family Charitable Trust, the Sir Peter O'Sullevan Charitable Trust, Ground Work UK, the Kennel Club Charitable Trust, the Rose Animal Welfare Trust, Marjorie Coote Animal Charity Trust, the Emerson Foundation and the June Evetts Animal Welfare Trust among many others, for their generous support this year which has allowed us to achieve so much.

Investment policy and objectives

Under the constitution and rules of the Charity, the Board of Trustees has the power to make any investments as deemed fit, mindful that any such investment should be of an ethical nature and true to the objectives of the Charity.

Reserves policy

Each year the Board of Trustees reviews the reserves of the charity in line with the charity's investment policy, looking at income and expenditure and the overall value of reserves.

The investment policy sets out the requirement for reserves to be invested conservatively and in line with the Charity Commission guidelines with a diversified portfolio to minimise risk. An ethical policy has been adopted to avoid investments that conflict with the aims of the charity. This policy precludes direct investment in companies involved in vivisection or drug testing on animals.

At the end of 2020 unrestricted reserves amounted to £606,725 excluding fixed, tangible assets. There are no material amounts committed from reserves.

Page 5

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

FUTURE PLANS

2021 will see families and lifestyles further transitioning as we come out of lockdown. We are already seeing an increase in the number of dogs and cats being relinquished, many with behaviour issues directly relating to the pandemic, and more owners facing financial uncertainty where we can provide short term support though our community programmes.

We remain committed to helping animals and owners throughout our region, responding to situations as they arise and ensuring we adapt our work in this ever changing world. The launch of our new "Onwards and Upwards in a Changing World 2021-2024" strategy in 2021 enables us to tackle the immediate challenges we face as an organisation allowing us not merely to survive but instead to thrive, supporting animals and their owners in a shifting landscape by providing high quality, relevant community and rehoming programmes.

2021 will see more financial challenges for our charity as we anticipate a period of recession. In order to address this, we will continue to diversify our income streams and, in particular build on our trading and e-Commerce capacity, through the charity and its trading subsidiary, to enable us to fund our work.

We also anticipate a rise in the number of behavioural issues seen in young dogs as we move out of lockdown, where those pups who were unable to be socialised fully due to restrictions, face the challenges seen in a busy world. We will continue to train our staff to support owners and animals, offer specialised training support to enable us both to tackle this issue in the community and within our rehoming programme.

The Animal Welfare Action Plan published by the UK government offers much hope for improvements to animal welfare legislation. We will develop our advocacy programme to ensure that we are able to act as a voice for animals and owners in our region and ultimately improve animal welfare. Our community programme will also seek to support changes in legislation by providing practical animal welfare support such as cat micro-chipping.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Charity is a charitable company limited by guarantee, incorporated on 1st October 2016. The Articles of Association set out the Charity’s objects and powers and is its governing document.

Recruitment and appointment of new trustees

There is an active Trustee recruitment policy identifying and filling Trustee positions and candidates based on experience and skills needed by the Charity.

Organisational structure

The Charity is managed and administered by a supervisory Board of Trustees elected in accordance with the Articles of Association. The number of Trustees shall be not less than 3 and not more than 11 (unless otherwise determined by resolution in a general meeting).

All Trustees have to stand for re-election at the end of their first year, after which the elected members are subject to fixed-term appointments and election or re-election according to the procedures set out in the governing document. Decisions are made on a majority vote with each Trustee having one vote on each issue. In the case of a tied vote the Chairman has an additional casting vote.

Decision making

The Board of Trustees meets throughout the year to make decisions regarding the direction and governance of the charity in accordance with the governing document. No business is transacted at any general meeting unless a quorum of 3 members is present, with decisions taken through a vote indicated by a show of hands, with each member entitled to one vote. In the event of deadlock the Chair of the Board may cast an additional deciding vote. A resolution may also be made in writing by simple majority of the members who would have been entitled to vote on it were it held at a general meeting.

Page 6

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Induction and training of new trustees

All new trustees undergo a period of induction and training, supported by the Trustee Board and the Senior Management Team. It is vital our trustees have up-to-date relevant knowledge relating to governance and our sector, and hence this commitment to training continues throughout their period of trusteeship.

Key management remuneration

The Board of Trustees sets the remuneration of the General Manager in line with fair market rates, taking into consideration the specific requirements of the role. The performance and level of remuneration is reviewed annually.

Related parties

The Charity has a wholly owned subsidiary trading company, OTAC Trading Ltd, to promote hospitality, retail and events from Oak Tree Farm and other Charity properties. All profits from the trading company are donated to the Charity.

Risk Assessment

The Trustees have assessed these risks to which the Charity is exposed and have introduced systems and procedures to manage and minimise them.

FUNDRAISING ACTIVITIES

The charity does not carry out significant fundraising activities.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 10404912 (England and Wales)

Registered Charity number

1169511/SC048389

Registered office

Oak Tree Farm Wetheral Shields Carlisle Cumbria CA4 8JA

Trustees

P T Armer FCMA, CGMA (resigned 17/5/2021) Ms R L Griffiths (resigned 6/5/2021) D Jordan M B Squires MRCVS S Wells Mrs E J C Hoyles (appointed 27/2/2021)

Day-to-day management is delegated to the Chief Executive Officer, Ms C A Johnson.

Senior Statutory Auditor

Alan Meikle FCA

Page 7

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

REFERENCE AND ADMINISTRATIVE DETAILS Auditors

RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ

Advisers

In furtherance of the Charity’s duty of care to the animals in its keeping, The Board of Trustees has appointed Eden Veterinary Centre, Paragon Veterinary Group, Border Vets and The Green Veterinary Surgery to advise on all veterinary matters and to implement medical and/or surgical treatment or arrange referral as appropriate.

In line with the charity's procurement policy, the accountancy and auditing function will be out to tender in 2021.

Additionally, the Board under the powers granted to it has appointed the Cumberland Building Society and Natwest as its operating banks for day to day transactions and Brewin Dolphin Ltd to manage the Charity’s investment portfolio. The Board has also appointed Strutt & Co as Solicitors to the Charity.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Oak Tree Animals' Charity for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, RfM Fylde Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Page 8

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2020

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 12 August 2021 and signed on its behalf by:

.................................................................... D Jordan - Trustee

Page 9

Report of the Independent Auditors to the Members of Oak Tree Animals' Charity

Opinion

We have audited the consolidated financial statements of Oak Tree Animals' Charity (the 'charitable company') for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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 Report of the Independent Auditors 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 10

Report of the Independent Auditors to the Members of Oak Tree Animals' Charity

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

Report of the Independent Auditors to the Members of Oak Tree Animals' Charity

Our 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 a Report of the Independent Auditors 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Page 12

Report of the Independent Auditors to the Members of Oak Tree Animals' Charity

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alan Meikle FCA (Senior Statutory Auditor) for and on behalf of RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ

Date: 12 August 2021

Page 13

OAK TREE ANIMALS' CHARITY

Consolidated Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
513,738
Other trading activities
3
110,906
Investment income
4
13,680
Total
638,324
EXPENDITURE ON
Raising funds
5
87,734
Charitable activities
6
Animal Welfare
708,733
Community projects and education
147,237
Exceptional items
-
Total
943,704
Net gains on investments
16,566
NET INCOME/(EXPENDITURE)
(288,814)
Transfers between funds
22
44,972
Net movement in funds
(243,842)
RECONCILIATION OF FUNDS
Total funds brought forward
2,322,259
TOTAL FUNDS CARRIED FORWARD
2,078,417		 Restricted
funds
£
76,122
-
-
76,122
5,979
43,087
7,010
-
56,076
-
20,046
(44,972)
(24,926)
42,561
17,635		 2020
Total
funds
£
589,860
110,906
13,680
714,446
93,713
751,820
154,247
-
999,780
16,566
(268,768)
-
(268,768)
2,364,820
2,096,052		 2019
Total
funds
£
792,812
140,993
17,098
950,903
90,789
775,766
145,466
1,653,224
2,665,245
67,528
(1,646,814)
-
(1,646,814)
4,011,629
2,364,815

The notes form part of these financial statements

Page 14

OAK TREE ANIMALS' CHARITY (REGISTERED NUMBER: 10404912)

Consolidated Statement of Financial Position 31 DECEMBER 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
14
1,471,692
Investments
15
537,688
2,009,380
CURRENT ASSETS
Stocks
16
12,464
Debtors
17
41,096
Investments
18
20,762
Cash at bank and in hand
136,440
210,762
CREDITORS
Amounts falling due within one year
19
(94,860)
NET CURRENT ASSETS
115,902
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,125,282
CREDITORS
Amounts falling due after more than one year
20
(46,865)
NET ASSETS
2,078,417
FUNDS
22
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
-
17,635
17,635
-
17,635
17,635
-
17,635		 2020
Total
funds
£
1,471,692
537,688
2,009,380
12,464
41,096
20,762
154,075
228,397
(94,860)
133,537
2,142,917
(46,865)
2,096,052
2,078,417
17,635
2,096,052		 2019
Total
funds
£
1,496,907
691,356
2,188,263
14,019
44,455
13,835
198,893
271,202
(94,650)
176,552
2,364,815
-
2,364,815
2,322,254
42,561
2,364,815

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 12 August 2021 and were signed on its behalf by:

............................................. D Jordan - Trustee

The notes form part of these financial statements

Page 15

OAK TREE ANIMALS' CHARITY

Charity Statement of Financial Position 31 DECEMBER 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
14
1,466,251
Investments
15
537,689
2,003,940
CURRENT ASSETS
Stocks
16
3,084
Debtors
17
60,225
Investments
18
20,762
Cash at bank and in hand
124,913
208,984
CREDITORS
Amounts falling due within one year
19
(87,642)
NET CURRENT ASSETS
121,342
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,125,282
CREDITORS
Amounts falling due after more than one year
20
(46,865)
NET ASSETS
2,078,417
FUNDS
22
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
-
17,635
17,635
-
17,635
17,635
-
17,635		 2020
Total
funds
£
1,466,251
537,689
2,003,940
3,084
60,225
20,762
142,548
226,619
(87,642)
138,977
2,142,917
(46,865)
2,096,052
2,078,417
17,635
2,096,052		 2019
Total
funds
£
1,489,353
691,357
2,180,710
5,252
38,593
13,835
195,042
252,722
(76,168)
176,554
2,357,264
-
2,357,264
2,314,703
42,561
2,357,264

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 12 August 2021 and were signed on its behalf by:

............................................. D Jordan - Trustee

The notes form part of these financial statements

Page 16

OAK TREE ANIMALS' CHARITY

Consolidated Statement of Cash Flows FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
New loans in year
(Increase)/decrease in investments
Net cash provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end of
the reporting period
2		 2020
£
(235,339)
(235,339)
(23,774)
(69,531)
239,765
988
147,448
50,000
(6,927)
43,073
(44,818)
198,893
154,075		 2019
£
45,604
45,604
(81,984)
(258,189)
247,907
214
(92,052)
-
297
-
(46,151)
245,044
198,893

The notes form part of these financial statements

Page 17

OAK TREE ANIMALS' CHARITY

Notes to the Consolidated Statement of Cash Flows FOR THE YEAR ENDED 31 DECEMBER 2020

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2020 2019
£ £
Net expenditure for the reporting period (as per the Statement of
Financial Activities) (268,769) (1,646,814)
Adjustments for:
Depreciation charges 48,994 74,268
Gain on investments (16,566) (67,528)
Interest received (988) (214)
(Gains)/losses current asset investment - 297
Impairment of freehold property - 1,653,224
Decrease in stocks 1,555 7,097
Decrease in debtors 3,359 (4,292)
Increase in creditors (2,924) 29,863
Net cash (used in)/provided by operations (235,339) 45,604
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
2020 2019
£ £
Cash in hand 100 198
Notice deposits (less than 3 months) 153,975 201,243
Overdrafts included in bank loans and overdrafts falling due within one year
-		 (2,548)
Total cash and cash equivalents 154,075 198,893

The notes form part of these financial statements

Page 18

OAK TREE ANIMALS' CHARITY

Notes to the Consolidated Statement of Cash Flows FOR THE YEAR ENDED 31 DECEMBER 2020

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/20 Cash flow At 31/12/20
£ £ £
Net cash
Cash at bank and in hand 201,441 (47,366) 154,075
Bank overdraft (2,548) 2,548 -
198,893 (44,818) 154,075
Liquid resources
Deposits included in cash - - -
Current asset investments 13,835 6,927 20,762
13,835 6,927 20,762
Debt
Debts falling due within 1 year - (3,135) (3,135)
Debts falling due after 1 year - (46,865) (46,865)
- (50,000) (50,000)
Total 212,728 (87,891) 124,837

The notes form part of these financial statements

Page 19

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Basis of consolidation

The group financial statements consolidate the financial statements of the charitable company and its subsidiaries.

Subsidiary undertakings are included using the acquisition method of accounting. Under this method the group statement of financial activities includes the results of subsidiaries from the date of acquisition and to the date of sale outside the group in case of disposals of subsidiaries. The purchase consideration has been allocated to the assets and liabilities on the basis of fair value at the date of acquisition.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Critical accounting judgements and key sources of estimation uncertainty made by trustees and management in preparing these financial statements which also have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

The carrying amount of fixed assets is included within the tangible fixed asset note.

INCOME

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

Legacies and donations

Legacies and donations are recognised as income when it is probable that they will be received; this is normally upon receipt.

Donated goods, services and facilities

Donated goods, professional services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

As it is impractical to measure the fair value of goods donated for resale, the donated goods are recognised when they are sold.

Grants

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Interest receivable and dividend income from investments

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.

Page 20

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES - continued

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

ALLOCATION AND APPORTIONMENT OF COSTS

Support costs that cannot be directly attributed to a specific activity are apportioned across all relevant activities on a basis appropriate to their specific activity

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on reducing balance Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance

Land is not depreciated.

Depreciation is charged on a monthly basis from the calendar month following acquisition or on the bringing into use of the asset, whichever is the later. A full month is charged in the month of disposal.

FIXED ASSET INVESTMENTS

Investments in Subsidiary Undertakings

Investments in subsidiary undertakings are recognised at cost less impairment.

Investment Portfolio

Fixed asset investments are measured at market value.

Impairment

Fixed assets and investments are subject to review for impairment when there is an indication of a reduction in their carrying value.

Any impairment is recognised in the year in which it occurs in the corresponding SOFA category.

CURRENT ASSET INVESTMENTS

Cash balances are measured at cost.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

Page 21

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES - continued

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

FINANCIAL INSTRUMENTS

Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in income or expenditure.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in income or expenditure.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

Page 22

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest.

Impairment

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in income or expenditure.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in income or expenditure.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Appeal donations
Gift aid
Legacies
Grants
Other income		 2020
£
125,635
2,231
5,636
256,592
197,471
2,295
589,860		 2019
£
125,862
3,218
923
620,170
40,890
1,749
792,812

Grants received, included in the above, are as follows:

Various Grants
Tesco Snuffle Run Grant
Kennel Club Grant
Ostacchini Grant
RPA BPS Grant
Sir Peter O'Sullevan Grant
Emerson Foundation
Rose Animal Welfare Grant
June Evetts Animal Welfare Trust
Marjorie Coote Animal Charity
Grants for general purposes
Grants for Equine projects
Grants for Animal projects
Grants for Community & Educational projects
Covid-19 related grants		 2020
£
-
-
-
-
-
-
-
-
-
-
12,729
26,500
20,250
45,372
92,620
197,471		 2019
£
1,600
1,000
2,660
2,500
6,530
13,000
100
10,000
2,500
1,000
-
-
-
-
-
40,890

Page 23

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

3. OTHER TRADING ACTIVITIES

4.

Fundraising events
Animal sponsorship
Lottery income
Trading income in OTAC Trading Ltd
INVESTMENT INCOME
Dividend income from investments
Deposit account interest
Current asset investment income		 2020
£
26,928
2,205
2,650
79,123
110,906
2020
£
12,692
967
21
13,680		 2019
£
27,731
2,257
1,397
109,608		 2019
£
27,731
2,257
1,397
109,608
140,993
2019
£
16,884
214
-
17,098
5.
RAISING FUNDS
RAISING DONATIONS AND LEGACIES
Event expenses
Support costs		 2020
£
250
93,463
93,713		 2019
£
1,750
89,039
90,789

Volunteers

Volunteers play a full part in the life of Oak Tree, supporting animal care, administration, governance and facilities functions; manning events, organising collections and undertaking wide variety of fundraising activities. In 2020, 216 volunteers gave over 10,000 hours of time equating to over £87,200 of support (based on minimum wage).

6. CHARITABLE ACTIVITIES COSTS

Animal Welfare
Community projects and education		 Support
Direct
costs (see
Costs
note 7)
£
£
106,509
645,311
21,021
133,226
127,530
778,537		 Totals
£
751,820
154,247
906,067

Page 24

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

7. SUPPORT COSTS

Raising donations and legacies
Animal Welfare
Community projects and education
Raising donations and legacies
Animal Welfare
Community projects and education		 Human
Establishment
Finance
resources
costs
£
£
£
522
80,349
5,637
7,829
457,372
84,560
2,088
80,349
22,549
10,439
618,070
112,746
Motor and
travel
Governance
costs
costs
Totals
£
£
£
836
6,119
93,463
3,764
91,786
645,311
3,764
24,476
133,226
8,364
122,381
872,000
Activity Basis of allocation
Finance Allocated on a proportionate basis to charitable activities
Human resources Allocated based on staff numbers
Establishment costs Allocated on a proportionate basis to charitable activities
Motor and travel costs Allocated on percentage use of vehicles
Governance costs Allocated on a proportionate basis to charitable activities

Support costs for Finance, Establishment costs and Governance costs are apportioned as:

2020 2019
Raising donations and legacies 5% 5%
Animal Welfare 75% 85%
Community projects and education 20% 10%
Support costs for Human resources are apportioned as:
2020 2019
Raising donations and legacies 13% 13%
Animal Welfare 74% 74%
Community projects and education 13% 13%
Support costs for Motor and travel costs are apportioned as:
2020 2019
Raising donations and legacies 10% 10%
Animal Welfare 45% 45%
Community projects and education 45% 45%

Page 25

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2020

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Depreciation - owned assets
Other operating leases		 2020
£
12,425
48,990
14,549		 2019
£
7,000
74,266
9,847

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2020
£
575,346
17,891
22,276
615,513		 2019
£
527,585
17,566
20,911
566,062

The average monthly number of employees during the year was as follows:

Management and administration
Veterinary and animal welfare
Community
Shop & tea room
Fundraising		 2020
11
13
3
8
5
40		 2019
12
14
3
7
1
37

No employees received emoluments in excess of £60,000.

The wages and salaries figure includes £1,047 (2019: £5,388 of expenses relating to staff uniforms, equipment and training.

11. EXCEPTIONAL ITEMS

During the year an impairment of £Nil (2019: £1,653,224) was made on the value of freehold land and buildings.

Page 26

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Animal Welfare
Community projects and education
Exceptional items
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported
Prior year adjustment
As restated
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
768,452
140,993
17,098
926,543
90,789
773,737
145,466
1,653,224
2,663,216
67,528
(1,669,145)
13,028
(1,656,117)
3,974,185
4,186
3,978,371
2,322,254		 Restricted
funds
£
24,360
-
-
24,360
-
2,029
-
-
2,029
-
22,331
(13,028)
9,303
-
33,258
33,258
42,561		 Total
funds
£
792,812
140,993
17,098
950,903
90,789
775,766
145,466
1,653,224
2,665,245
67,528
(1,646,814)
-
(1,646,814)
3,974,185
37,444
4,011,629
2,364,815

13. SURPLUS/(DEFICIT) OF PARENT CHARITY

As permitted by Section 408 of the Companies Act 2006, the Statement of Financial Activities of the parent charitable company is not presented in these financial statements. The parent charity’s deficit for the year was £261,212 (2019 - £1,653,751 deficit).

Page 27

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

14. TANGIBLE FIXED ASSETS Group

COST
At 1 January 2020
Additions
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
COST
At 1 January 2020
Additions
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019		 Freehold
property
£
1,415,000
18,939
1,433,939
-
28,489
28,489
1,405,450
1,415,000
Motor
vehicles
£
49,151
-
49,151
36,524
3,396
39,920
9,231
12,627		 Plant and
machinery
£
34,271
-
34,271
10,226
4,434
14,660
19,611
24,046
Computer
equipment
£
3,670
-
3,670
1,343
771
2,114
1,556
2,327		 Fixtures
and
Fittings
£
204,602
4,835
209,437
161,694
11,899
173,593
35,844
42,907
Totals
£
1,706,694
23,774
1,730,468
209,787
48,989
258,776
1,471,692
1,496,907

Page 28

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

14. TANGIBLE FIXED ASSETS – continued Charity

Freehold
property
£
COST
At 1 January 2020
1,415,000
Additions
18,939
At 31 December 2020
1,433,939
DEPRECIATION
At 1 January 2020
-
Charge for year
28,489
At 31 December 2020
28,489
NET BOOK VALUE
At 31 December 2020
1,405,450
At 31 December 2019
1,415,000
15.
FIXED ASSET INVESTMENTS
Group
MARKET VALUE
At 1 January 2020
Additions
Disposals
Revaluations
Reclassification/transfer
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
Investments in UK
Investments outside UK		 Plant and
machinery
£
28,004
-
28,004
8,919
3,181
12,100
15,904
19,085		 Fixtures
and
fittings
£
204,246
4,835
209,081
161,605
11,810
173,415
35,666
42,641		 Motor
vehicles
£
49,151
-
49,151
36,524
3,396
39,920
9,231
12,627
Investment
Portfolio
£
691,357
69,531
(239,765)
16,566
(1)
537,688
537,688
691,356
2020
£
267,999
269,689
537,688		 Motor
vehicles
£
49,151
-
49,151
36,524
3,396
39,920
9,231
12,627
Investment
Portfolio
£
691,357
69,531
(239,765)
16,566
(1)
537,688
537,688
691,356
2020
£
267,999
269,689
537,688		 Totals
£
1,696,401
23,774
1,720,175
207,048
46,876
253,924
1,466,251
1,489,353
Totals
£
691,357
69,531
(239,765)
16,566
(1)
537,688
537,688
691,356
2019
£
416,639
274,716
691,355

Page 29

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

15. FIXED ASSET INVESTMENTS – continued Charity

Charity
Shares in
group Investment
undertakings Portfolio Totals
£ £ £
MARKET VALUE
At 1 January 2020 - 691,357 691,357
Additions - 69,531 69,531
Disposals - (239,765) (239,765)
Revaluations - 16,566 16,566
Reclassification/transfer 1 (1) -
At 31 December 2020 1 537,688 537,689
NET BOOK VALUE
At 31 December 2020 1 537,688 537,689
At 31 December 2019 - 691,357 691,357
2020 2019
£ £
Investments in UK 267,999 416,639
Investments outside UK 269,689 274,716
537,688 691,355

The company's investments at the statement of financial position date in the share capital of companies include the following:

OTAC Trading Ltd, company number 10502353

Registered office:

Nature of business: Charitable retailer

%
Class of share:
holding
Ordinary £1
100
Aggregate capital and reserves
(Loss)/profit for the year
Turnover
Expenditure
Profit/(loss)		 2020
£
1
(7,555)
2020
£
123,151
130,706
(7,555)		 2019
£
7,556

6,942
2019
£
166,407
159,465

6,942

Page 30

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

16.
STOCKS
Group
Consumable stocks
Charity
Consumable stocks
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Trade debtors
Other debtors
VAT
Accrued income
Prepayments
Charity
Amounts owed by group undertakings
Other debtors
VAT
Accrued income
Prepayments
18.
CURRENT ASSET INVESTMENTS
Group
Investment Portfolio Cash balance
Charity
Investment Portfolio Cash balance		 2020
£
12,464
2020
£
3,084
2020
£
6,425
2,979
9,400
2,746
19,546
41,096
2020
£
27,466
120
10,591
2,746
19,302
60,225
2020
£
20,762
2020
£
20,762		 2019
£
14,019		 2019
£
14,019
2019
£
5,252
2019
£
7,769
17,228
8,737
-
10,721		 2019
£
5,252
44,455
2019
£
-
16,462
11,654
-
10,477
38,593
2019
£
13,835
2019
£
13,835

Page 31

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group

19.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Bank loans and overdrafts (see note 20)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
Charity
Bank loans and overdrafts (see note 20)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
20.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group
Bank loans (see note 20)
Charity
Bank loans (see note 20)
21.
LOANS
Group
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years		 2020
£
3,135
30,587
9,730
-
51,408
94,860
2020
£
3,135
29,973
9,730
-
44,804
87,642
2020
£
46,865
2020
£
46,865
2020
£
-
3,135
3,135
9,575
30,255		 2019
£
-
45,469
1,746
16,686
30,749
94,650
2019
£
2,548
41,555
1,746
770
29,549
76,168
2019
£
-
2019
£
-
2019
£
2,548
-
2,548
-
-

Page 32

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

21. LOANS – continued

Amounts falling due in more than five years:

Repayable by instalments:

Repayable by instalments:
Bank loans more than 5 years by instalments
Bank loans are unsecured.
Charity
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 years by instalments
Bank loans are unsecured.		 7,035
2020
£
-
3,135
3,135
9,575
30,255
7,035		 -
2019
£
2,548
-
2,548
-
-
-

Page 33

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

22. MOVEMENT IN FUNDS Group

At 1/1/20
£
Unrestricted funds
General fund
2,322,259
Restricted funds
Sensory Garden
6,150
Equine welfare
13,307
Animal welfare
12,245
Community projects and education
10,306
Woodland maintenance
553
42,561
TOTAL FUNDS
2,364,820
Net movement in funds, included in the above are as follows:		 Net
movement
in funds
£
(288,814)
-
18,193
(6,775)
9,181
(553)
20,046
(268,768)		 Transfers
between
funds
£
44,972
(6,150)
(15,500)
(4,383)
(18,939)
-
(44,972)
-		 At
31/12/20
£
2,078,417
-
16,000
1,087
548
-
17,635
2,096,052
Unrestricted funds
General fund
Restricted funds
Equine welfare
Animal welfare
Community projects and education
Woodland maintenance
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
638,324
(943,704)
26,500
(8,307)
4,750
(11,525)
44,872
(35,691)
-
(553)
76,122
(56,076)
714,446
(999,780)		 Gains and
Movement
losses
in funds
£
£
16,566
(288,814)
-
18,193
-
(6,775)
-
9,181
-
(553)
-
20,046
16,566
(268,768)

Page 34

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

22. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Sensory Garden
Equine welfare
Animal welfare
Community projects and
education
Woodland maintenance
TOTAL FUNDS		 At 1/1/19
£
3,974,181
-
-
-
-
-
-
3,974,181		 Prior
year
adjustment
£
4,186
14,200
5,285
5,414
7,806
553
33,258
37,444		 Net
movement
in funds
£
(1,669,141)
-
13,000
6,831
2,500
-
22,331
(1,646,810)		 Transfers
between
funds
£
13,028
(8,050)
(4,978)
-
-
-
(13,028)
-		 At
31/12/19
£
2,322,254
6,150
13,307
12,245
10,306
553
42,561
2,364,815

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Equine welfare
Animal welfare
Community projects and education
TOTAL FUNDS		 Incoming
resources
£
926,543
13,000
8,860
2,500
24,360
950,903		 Resources
expended
£
(2,663,212)
-
(2,029)
-
(2,029)
(2,665,241)		 Gains and
losses
£
67,528
-
-
-
-
67,528		 Movement
in funds
£
(1,669,141)
13,000
6,831
2,500
22,331
(1,646,810)

Page 35

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

22. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Sensory Garden
Equine welfare
Animal welfare
Community projects and
education
Woodland maintenance
TOTAL FUNDS		 At 1/1/19
£
3,974,186
-
-
-
-
-
-
3,974,186		 Prior
year
adjustment
£
4,186
14,200
5,285
5,414
7,806
553
33,258
37,444		 Net
movement
in funds
£
(1,957,955)
-
31,193
56
11,681
(553)
42,377
(1,915,578)		 Transfers
between
funds
£
58,000
(14,200)
(20,478)
(4,383)
(18,939)
-
(58,000)
-		 At
31/12/20
£
2,078,417
-
16,000
1,087
548
-
17,635
2,096,052

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,564,867
(3,606,916)
Restricted funds
Equine welfare
39,500
(8,307)
Animal welfare
13,610
(13,554)
Community projects and education
47,372
(35,691)
Woodland maintenance
-
(553)
100,482
(58,105)
TOTAL FUNDS
1,665,349
(3,665,021)		 Gains and
Movement
losses
in funds
£
£
84,094
(1,957,955)
-
31,193
-
56
-
11,681
-
(553)
-
42,377
84,094
(1,915,578)

Page 36

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

22. MOVEMENT IN FUNDS – continued Charity

At 1/1/20
£
Unrestricted funds
General fund
2,314,703
Restricted funds
Sensory Garden
6,150
Equine welfare
13,307
Animal welfare
12,245
Community projects and education
10,306
Woodland maintenance
553
42,561
TOTAL FUNDS
2,357,264
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
587,921
Restricted funds
Equine welfare
26,500
Animal welfare
4,750
Community projects and education
44,872
Woodland maintenance
-
76,122
TOTAL FUNDS
664,043		 Net
movement
in funds
£
(281,258)
-
18,193
(6,775)
9,181
(553)
20,046
(261,212)
Resources
expended
£
(885,745)
(8,307)
(11,525)
(35,691)
(553)
(56,076)
(941,821)		 Transfers
between
funds
£
44,972
(6,150)
(15,500)
(4,383)
(18,939)
-
(44,972)
-
Gains and
losses
£
16,566
-
-
-
-
-
16,566		 At
31/12/20
£
2,078,417
-
16,000
1,087
548
-
17,635
2,096,052
Movement
in funds
£
(281,258)
18,193
(6,775)
9,181
(553)
20,046
(261,212)

Page 37

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

22. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Sensory Garden
Equine welfare
Animal welfare
Community projects and
education
Woodland maintenance
TOTAL FUNDS		 At 1/1/19
£
3,973,571
-
-
-
-
-
-
3,973,571		 Prior
year
adjustment
£
4,186
14,200
5,285
5,414
7,806
553
33,258
37,444		 Net
movement
in funds
£
(1,676,082)
-
13,000
6,831
2,500
-
22,331
(1,653,751)		 Transfers
between
funds
£
13,028
(8,050)
(4,978)
-
-
-
(13,028)
-		 At
31/12/19
£
2,314,703
6,150
13,307
12,245
10,306
553
42,561
2,357,264

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Equine welfare
Animal welfare
Community projects and education
TOTAL FUNDS		 Incoming
resources
£
847,741
13,000
8,860
2,500
24,360
872,101		 Resources
expended
£
(2,591,351)
-
(2,029)
-
(2,029)
(2,593,380)		 Gains and
losses
£
67,528
-
-
-
-
67,528		 Movement
in funds
£
(1,676,082)
13,000
6,831
2,500
22,331
(1,653,751)

Page 38

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

22. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Sensory Garden
Equine welfare
Animal welfare
Community projects and
education
Woodland maintenance
TOTAL FUNDS		 At 1/1/19
£
3,973,571
-
-
-
-
-
-
3,973,571		 Prior
year
adjustment
£
4,186
14,200
5,285
5,414
7,806
553
33,258
37,444		 Net
movement
in funds
£
(1,957,340)
-
31,193
56
11,681
(553)
42,377
(1,914,963)		 Transfers
between
funds
£
58,000
(14,200)
(20,478)
(4,383)
(18,939)
-
(58,000)
-		 At
31/12/20
£
2,078,417
-
16,000
1,087
548
-
17,635
2,096,052

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,435,662
(3,477,096)
Restricted funds
Equine welfare
39,500
(8,307)
Animal welfare
13,610
(13,554)
Community projects and education
47,372
(35,691)
Woodland maintenance
-
(553)
100,482
(58,105)
TOTAL FUNDS
1,536,144
(3,535,201)		 Gains and
Movement
losses
in funds
£
£
84,094
(1,957,340)
-
31,193
-
56
-
11,681
-
(553)
-
42,377
84,094
(1,914,963)

Restricted Income Funds

Sensory Garden

The sensory garden fund represents funds to improve facilities within the dog sensory garden.

Equine Welfare

The equine welfare fund represents funds to repair fencing and field shelters and to pay relevant staff costs.

Animal Welfare

The animal welfare fund represents funds for the improvement of dogs, cats and other small animal facilities onsite.

Page 39

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

22. MOVEMENT IN FUNDS - continued

Community Projects and Education

The community projects and education fund represents funds for relevant staff costs, purchase and maintenance of technical equipment and transport costs.

Woodland Maintenance

The woodland maintenance fund represents funds for the maintenance of the boardwalk/visitor facility and the woodland management costs.

Unrestricted Income Funds

General Fund

The general unrestricted fund represents free funds of the charity which can be applied at the discretion of the trustees.

23. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a pension scheme through The People's Pension. A total contribution amount of £22,276 (2019: £20,911) was paid by the charity for the period. As there are no restrictions related to payment of employees, all contributions have been allocated to unrestricted funds.

24. RELATED PARTY DISCLOSURES

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

There are no transactions with related parties outside of the group.

25. ULTIMATE CONTROLLING PARTY

The charity is controlled by the trustees.

Page 40

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

26. FINANCIAL INSTRUMENTS Group

The charity has the following financial instruments:

Financial assets that are measured at market value
Investment portfolio
Financial assets that are debt instruments measured at amortised
cost
Investment Portfolio Cash balance
Cash at bank and in hand
Financial liabilities measured at amortised cost
Bank loans
Trade creditors
Interest and dividend income from financial assets*
Dividend income from investments
Deposit account interest
Current asset investment income		 2020
£
537,688
20,762
154,075
174,837
(50,000)
(30,587)
(80,587)
12,692
967
21
13,680		 2019
£
691,357
13,835
198,893
212,728

-

(45,469)
(45,469)
16,884
214
-
17,098

Page 41

continued...

OAK TREE ANIMALS' CHARITY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2020

26. FINANCIAL INSTRUMENTS – continued Charity

The charity has the following financial instruments:

Financial assets that are measured at market value
Investment portfolio
Financial assets that are debt instruments measured at amortised
cost
Investment Portfolio Cash balance
Cash at bank and in hand
Amounts owed by group undertakings
Financial liabilities measured at amortised cost
Bank loans
Trade creditors
Interest and dividend income from financial assets*
Dividend income from investments
Deposit account interest
Current asset investment income		 2020
£
537,688
20,762
156,231
27,466
204,459
(50,000)
(29,973)
(79,973)
12,692
967
21
13,680		 2019
£
691,357
13,835
195,042
-
208,877

-

(41,555)

(41,555)
16,884
214
-
17,098

Page 42

OAK TREE ANIMALS' CHARITY

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2020

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Appeal donations
Gift aid
Legacies
Grants
Other income
Other trading activities
Fundraising events
Animal sponsorship
Lottery income
Trading income in OTAC Trading Ltd
Investment income
Dividend income from investments
Deposit account interest
Current asset investment income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Event expenses
Charitable activities
Animal care costs
Event expenditure
Community awareness and education
Animal welfare training costs
Travel and subsistence
Equipment maintenance
Cleaning costs
Trading subsidiary purchases
Exceptional items
Impairment losses for intangible fixed assets		 2020
£
125,635
2,231
5,636
256,592
197,471
2,295
589,860
26,928
2,205
2,650
79,123
110,906
12,692
967
21
13,680
714,446
250
93,989
3,333
66
2,703
30
1,328
8,459
17,622
127,530
-		 2019
£
125,862
3,218
923
620,170
40,890
1,749
792,812
27,731
2,257
1,397
109,608
140,993
16,884
214
-
17,098
950,903
1,750
93,976
8,923
592
6,253
2,371
1,926
7,622
28,850
150,513
1,653,224

This page does not form part of the statutory financial statements

Page 43

OAK TREE ANIMALS' CHARITY

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2020

Support costs
Finance
Bank charges
Portfolio management fees
Human resources
Wages
Social security
Pensions
Sundries
Staff uniforms and equipment
Establishment costs
Rent, rates and water
Insurance
Light and heat
Sundries
Capital development
Health and safety costs
Repairs and maintenance
Motor and travel costs
Motor and travel expenses
Governance costs
Auditors' remuneration
Operating lease costs
Telephone
Postage and stationery
Accountancy and legal fees
Professional fees
Training costs
IT costs
Travel and subsistence
Advertising
Health and safety costs
Memberships and licenses
Bad debts written off
Freehold property depreciation
Plant & machinery depreciation
Fixtures & fittings depreciation
Carried forward		 2020
£
3,920
6,519
10,439
575,346
17,891
22,276
1,510
1,047
618,070
26,061
15,640
40,332
21,982
5,013
-
3,718
112,746
8,363
12,425
14,549
4,681
5,016
4,950
3,873
-
11,700
476
10,337
2,965
1,896
523
28,489
4,434
11,899
118,213		 2019
£
3,020
6,899
9,919
527,585
17,566
20,911
592
1,705
568,359
28,572
15,732
27,782
24,910
-
472
17,083
114,551
11,640
7,000
9,847
4,153
13,102
11,281
2,391
238
9,116
1,501
17,630
2,183
2,580
-
53,531
4,621
11,397
150,571

This page does not form part of the statutory financial statements

Page 44

OAK TREE ANIMALS' CHARITY

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2020

Governance costs
Brought forward
Motor vehicles depreciation
Total resources expended
Net expenditure before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net expenditure		 2020
£
118,213
4,168
122,381
999,780
(285,334)
16,566
(268,768)		 2019
£
150,571
4,717
155,288
2,663,216
(1,736,673)
67,528
(1,669,145)

This page does not form part of the statutory financial statements

Page 45