2021-12-31-accounts - Olsen Animal Trust

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		Page
Report ofthe Trustees		1to3
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		Gto7
Notes to the Financial Statements		8to 11
Detailed Statement of	Financial Activities

							2021	2020
							Unrestricted	Unrestricted
							fund	fund
						Notes	f	f
INCOMING RESOURCES
Incoming resources from	charitable			activities
Donations and gift aid							106,840	179,911
Investment income							49,096	47,684
Total incoming resources							155,936	227,595
RESOURCES EXPENDED
Grants payable							901,684	688,020
Charitable activities							2,450	6,883
Legal and administrative	costs						93,648	43,292
Total resources expended							997,782	738,195
NET (OUTGOING)/INCOMING		RESOURCES
BEFOREOTHER GAINS AND LOSSES							(841,846)	(510,600)
Profit on disposal ofinvestment			assets
Net gains on revaluation	ofinvestment				assets		416,548	459,070
Foreign exchange gain/ (loss)							(7,146)	238
Net movement in funds							(432,444)	(51,292)
RECONCILIATION OF FUNDS
Total funds brought forward							4,635,702	4,686,994
TOTAL FUNDS CARRIED FORWARD							4,203,258	4,635,202

		Balance Sheet At 31December 2021
			2021	2020
			Unrestricted	Unrestricted
			fund	fund
		Notes		E
FIXEDASSETS
Investments			3,797,912	4,518,493
CURRENT ASSETS
Debtors			62,235	34,523
Cash at bank			345,511	84,966
			407,746	119,489
CREDITORS
Amounts falling due within one year			2,400	2,280
NET CURRENT ASSETS			405,346	117,209
TOTAL ASSETS LESSCURRENT LIABILITIES
			4,203,258	4,635,702
NET ASSETS			4,203,258	4,635,702
FUNDS		10
Unrestricted	funds		4,203,258	4,635,702
TOTAL FUNDS			4,203,258	4,635,702

					f	or the Year Ended 31December 2021
2.	VOLUNTARY		INCOME
							2021	2020
							f	f
	Donations						78,728	145,250
	Gift Aid						28,112	34,661
							106,840	179,911
3.	INVESTMENT INCOME
							2021	2020
							f	f
	Investment	income					49,079	47,684
	Bank interest		received				17
							49,096	47,684
4.	GRANTS PAYABLE
							2021	2020
							f	f
	Grants payable						901,684	688,020
	The total grants paid to institutions					during the year was as follows:
	Animal welfare and conservation						901,684	688,020
5.	LEGAL AND ADMINISTRATIVE				COSTS
							2021	2020
							f	f
	Administration		support				18,619	18,000
	Independent		examination	fee			2,730	2,640
	Investment manager fees						13,008	18,122
	Bank charges						164	621
	Consultancy		costs				6,263	3,909
	Salary						36,000
	PAYE paid						16,864
							93,648	43,292
	TRUSTEES' REMUNERATION				AND	BENEFITS

7.	FIXEDASSET INVESTM	EN	TS
					Cash and
				Listed	settlements
				investments f	pending f	Totals f
	MARKET VALUE
	At 1January 2021			4,108,851	409,642	4,518,493
	Acquisition at cost			488,438	1,599,081	2,087,519
	Disposals at opening book value			(1,167,318)	(1,674,646)	(2,841,964)
	Net gains on revaluations		at year end	33,864		33,864
	At 31December 2021			3,463,835	334,077	3,797,912
	NET BOOK VALUE
	At 31December 2021			3,463,835	334,077	3,797,912
	At 31December 2020			4,108,851	409,642	4,518,493
					2021	2020
					f	f
	Historical cost				2,661,576	3,340,456
8.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2021	2020
					f	f
	Other debtors				52,235	34,523
9.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021	2020
					f	f
	Other creditors				2,400	2,280