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||`Page`|
|---|---|
|`Report of the Trustees`|`1to3`|
|`Independent Examiner's Report`|`4`|
|`Statementof Financial Activities`|`5`|
|`Balance Sheet`|`6 to 7`|
|`Notesto the Financial Statements`|`8to 11`|
|`Detailed Statement of Financial Activities`|`12`|





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# 3 June 2021 



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|||`2020`|`2019`|
|---|---|---|---|
|||`Unrestricted`|`Unrestricted`|
|||`fund`|`fund`|
||`Notes`|`£`|`£`|
|`INCOMING RESOURCES`||||
|`Incoming resourcesfrom charitable activities`||||
|`Donationsandgift aid`|`2`|`179,911`|`13,903`|
|`Investment income`|`3`|`47,684`|`60,782`|
|`Total incoming resources`||`227,595`|`74,685`|
|`RESOURCES EXPENDED`||||
|`Grants payable`|`4`|`688,020`|`684,186`|
|`Charitable activities`||`6,883`|`4,080`|
|`Legal and administrative costs`|`5`|`43,292`|`77,268`|
|`Total resources expended`||`738,195`|`765,534`|
|`NET (OUTGOING)/INCOMING RESOURCES`||||
|`BEFORE OTHER GAINS AND LOSSES`||`(510,600)`|`(690,849)`|
|`Profit on disposal of investment assets`||`-`|`620,908`|
|`Net gains on revaluation of investment assets`||`459,070`|`570,123`|
|`Foreign exchangegain`||`238`|`-`|
|`Net movementin funds`||`(51,292)`|`500,182`|
|`RECONCILIATION OF FUNDS`||||
|`Total funds brought forward`||`4,686,994`|`4,186,812`|
|`TOTAL FUNDS CARRIED FORWARD`||`4,635,702`|`4,686,994`|





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|||`2020`|`2019`|
|---|---|---|---|
|||`Unrestricted`|`Unrestricted`|
|||`fund`|`fund`|
||`Notes`||`£`|
|`FIXED ASSETS`||||
|`Investments`|`7`|`4,518,493`|`4,529,861`|
|`CURRENTASSETS`||||
|`Debtors`|`8`|`34,523`|`400`|
|`Cash at bank`||`84,966`|`158,893`|
|||`119,489`|`159,293`|
|`CREDITORS`||||
|`Amounts falling due within one year`|`9`|`2,280`|`2,160`|
|`NET CURRENT ASSETS`||`117,209`|`157,133`|
|`TOTAL ASSETS LESS CURRENTLIABILITIES`||||
|||`4,635,702`|`4,686,994`|
|`NET ASSETS`||`4,635,702`|`4,686,994`|
|`FUNDS`|`10`|||
|`Unrestricted funds`||`4,635,702`|`4,686,994`|
|`TOTAL FUNDS`||`4,635,702`|`4,686,994`|





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|`VOLUNTARYINCOME`|||
|---|---|---|
||`2020`|`2019`|
||`£`|`£`|
|`Donations`|`145,250`|`12,138`|
|`Gift Aid`|`34,661`|`1,765`|
||`179,911`|`13,903`|
|`INVESTMENT INCOME`|||
||`2020`|`2019`|
||`£`|`£`|
|`Investment income`|`47,684`|`60,782`|
|`GRANTS PAYABLE`|||
||`2020`|`2019`|
||`£`|`£`|
|`Grants payable`|`688,020`|`684,186`|
|`The total grants paid to institutions during the year wasasfollows:`|||
|`Animal welfare and conservation`|`688,020`|`684,186`|
|`LEGAL AND ADMINISTRATIVE COSTS`|||
||`2020`|`2019`|
||`£`|`£`|
|`Rent`|`-`|`19,500`|
|`Administration support`|`18,000`|`16,944`|
|`Independent examination fee`|`2,640`|`2,520`|
|`Investment manager fees`|`18,122`|`18,541`|
|`Bank charges`|`621`|`1,178`|
|`Consultancy costs`|`3,909`|`18,585`|
||`43,292`|`77,268`|



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|||`Cash and`||
|---|---|---|---|
||`Listed`|`settlements`||
||`Investments`|`pending`|`Totals`|
||`£`|`£`|`£`|
|`MARKET VALUE`||||
|`At 1 January 2020`|`4,170,746`|`359,115`|`4,529,861`|
|`Acquisition at cost`|`300,235`|`868,884`|`1,169,119`|
|`Disposals at opening book value`|`(798,034)`|`(818,357)`|`(1,616,391)`|
|`Net gains on revaluations at year end`|`435,904`|`-`|`435,904`|
|`At 31 December 2020`|`4,108,851`|`409,642`|`4,518,493`|
|`NET BOOK VALUE`||||
|`At 31 December 2020`|`4,108,851`|<br>`409,642`|<br>`4,518,493`|
|`At 31 December 2019`|`4,170,746`|`359,115`|`4,529,861`|
|||<br>`2020`|`2019`|
|||`£`|`£`|
|`Historical cost`||<br>`3,340,456`|`3,838,254`|
|`DEBTORS: AMOUNTSFALLING DUE WITHIN ONE YEAR`||||
|||`2020`|`2019`|
|||`£`|`£`|
|`Other debtors`||`34,523`|`400`|
|`CREDITORS: AMOUNTSFALLING DUE WITHIN ONE YEAR`||||
|||`2020`|`2019`|
|||`£`|`£`|
|`Othercreditors`||`2,280`|`2,160`|





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|||||`Net`||
|---|---|---|---|---|---|
|||||`movement`||
||||`At 01.01.20`|`in funds`|`At 31.12.20`|
||||`£`|`£`|`£`|
||`Unrestricted funds`|||||
||`General fund`||`4,686,994`|`(51,292)`|`4,635,702`|
||`TOTAL FUNDS`||<br>`4,686,994`|<br>`(51,292)`|<br>`4,635,702`|
||`Net movementin funds, included in the aboveareasfollows:`|||||
|||`Incoming`|`Resources`|`Other`|`Movement`|
|||`resources`|`expended`|`gains`|`in funds`|
|||`£`|`£`|`E`|`£`|
||`Unrestricted funds`|||||
||`General fund`|`227,595`|`738,195`|`459,308`|`(51,292)`|
||`TOTAL FUNDS`|<br> <br>`227,595`|<br> <br>`738,195`|<br> <br>`459,308`|`(51,292)`|
||`MOVEMENTIN FUNDS — PRIOR YEAR`|||||
|||||`Net`||
|||||`movementin`||
||||`At 01.01.19`|`funds`|`At 31.12.19`|
||||`£`|`£`|`£`|
||`Unrestricted funds`|||||
||`General fund`||<br>`4,186,812`|<br>`500,182`|<br>`4,686,994`|
||`TOTAL FUNDS`||<br>`4,186,812`|<br>`500,182`|<br>`4,686,994`|
||`Net movementin funds, included in the aboveare as follows:`|||||
|||`Incoming`|`Resources`|`Other`|`Movement`|
|||`resources`|`expended`|`gains`|`in funds`|
|||`£`|`£`|`£`|`£`|
||`Unrestricted funds`|||||
||`General fund`|`74,685`|`765,534`|`1,191,031`|`500,182`|
||`TOTAL FUNDS`|<br>`74,685`<br>|<br>`765,534`<br>|<br>`1,191,031`<br>|`500,182`<br>|
|`11.`|`ULTIMATE CONTROLLING PARTY`|||||





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||`2020`|`2019`|
|---|---|---|
|`INCOMING RESOURCES`|||
|`Incoming resources from charitable activities`|||
|`Donations and Gift Aid`|`179,911`|`13,903`|
|`Investment income`|`47,684`|`60,782`|
|`Total incoming resources`|`227,595`|`74,685`|
|`RESOURCES EXPENDED`|||
|`Charitable activities`|`6,883`|`4,080`|
|`Grants`|`688,020`|`684,186`|
|`Legal and administrative costs`<br>`Rent`<br>`Administration support`<br>`Independent examination fee`<br>`Bankcharges`<br>`Consultancy costs`<br>`Investment manager’s fees`|`18,000`<br>`2,640`<br>`621`<br>`3,909`<br>`18,122`|`19,500`<br>`16,944`<br>`2,520`<br>`1,178`<br>`18,585`<br>`18,541`|
||`43,292`|`77,268`|
|`Total resources expended`|`738,195`|`765,534`|
|`Net income`|`(510,600)`|`(690,849)`|