2021-01-31-accounts - The Wildheart Trust

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		Page
Reference and Administrative	Details
Report ofthe Trustees		2-7
Independent Auditors' Report		8-9
Consolidated Statement of Financial Activities		10
Balance Sheets
Consolidated Statement ofCash flows		12
Principal Accounting Policies		13-15
Notes ofthe Financial Statements		16-24

Charity Number	Charity Number	1171144
Company	Number	10238727
Registered	Office	Granite Fort
		Yaverland Seafront
		Sandown
		Isle ofWight
		PO36 SOB
Trustees		Dr CP Sturgess	(Chairman)
		Miss C Corney
		Mr N Cummings
		Mrs A R Fishwick
		Mr C G Packham
		Mr A Wilson
Auditors		Bright Brown Ltd
		Exchange House
		Newport
		Isle ofWight
		PO30 5BZ
Accountants		Moore (South) LLP
		9St John's Place
		Newport
		Isle ofWight
		PO30 1LH
Bankers		NatWest Bank Pic
		107StJames Street
		Newport
		Isle ofWight
		PO30 1UT

				Total	Total
		Unrestricted	Restricted	Funds	Funds
		Funds	Funds	2021	2020
	Note	E	E	E	E
INCOME AND ENDOWMENTS	FROM:
Donations and legacies	3	220,761	10,060	230,821	249,891
Other trading activities	4&7	206,833		206,833	386,172
Charitable activities	5	726,479		726,479	942,896
Finance income		41		41	150
Other income		628,104		628,104
TOTAL INCONIE		1,782,218	10,060	1,792,278	1,579,109
EXPENDITURE ON:
Raising funds Other trading activities	8 7&8	49,590 206,503		49,590 206,503	80,612 368,009
Charitable activities	8	886,520	2,751	889,271	1,014,548
TOTAL EXPENDITURE		1,142,613	2,751	1,145,364	1,463,169
NET INCOME/(EXPENDITURE)		639,605	7,309	646,914	115,940
Transfers between funds	18&19	639	(639)
NET MOVEMENT IN FUNDS		640,244	6,670	646,914	115,940
RECONCILIATION OF FUNDS
Fund balances brought forward at 1 February 2020		306,355	484	306,839	190,899
Fund balances carried forward at 31 January 2021		946,599	7,154	953,753	306,839

AS AT 31 JANUARY 2	021
		Consolidated		Wildheart	Trust
	Note	2021 f	2020	2021 6	2020 6
FIXEDASSETS
Tangible assets	12	467,865	535,965	465,362	532,780
CURRENT ASSETS
Stocks		29,082	57,735	16,466	16,416
Debtors	13	237,740	32,436	239,188	51,666
Investments	14			100	100
Cash at bank and in hand		632,032	68,290	617,546	64,587
		898,854	158,461	873,300	132,769
CREDITORS Amounts	falling due
within one year	16	(126,075)	(211,486)	(122,749) (207,010)
NET CURRENT ASSETS/(LIABILITIES)		772,779	(53,025)	750,551	(74,241)
TOTAL ASSETSLESS	CURRENT LIABILITIES	1,240,644	482,940	1,215,913	458,539
CREDITORS: amounts	falling due after
more than one year	17	(286,891)	(176,101)	(286,891) (176,101)
TOTAL NET ASSETS		953,753	306,839	929,022	282,438
FUNDS
Restricted funds	18	7,154	484	7,154	484
Other unrestricted funds	19	946,599	306,355	921,868	281,954
		953,753	306,839	929,022	282,438

			2021	2020
			E	E
Cashf low from operating	activities
Net cash flow from operations		See Below	497,103	185,245
Interest paid			(13,976)	(10,305)
Total cash flow from operating		activities	483,127	174,940
Cashflow from investing	activities
Purchase of property, plant	and equipment		(4,833)	(398,831)
Proceeds from sale ofequipment			19,440
Interest received			41
Total cash flow on investing activities			14,648	(398,831)
Cash from financing activities
Proceeds of borrowing			145,000	150,000
Repayments of borrowing			(9,358)	(10,783)
Proceeds from finance lease arrangements				69,471
Repayment offinance lease obligations			(27,302)	(11,182)
Net cash provided by (used	in) financing activities		108,340	197,506
Net increase in cash and	cash equivalents		606,115	(26,385)
Cash and cash equivalents	at 1 February 2020		25,915	52,300
Cash and cash equivalents	at 31	January 2021	632,030	25,915
Cash and cash equivalents:
Bank accounts Overdraft			832,032 ~2	68,290 (42 375)
			632,030	25,915
Reconciliation ofincome	to net	cash flow from operations:	2021	2020
				E
Net income less expenditure			646,914	115,940
Finance costs			13,976	10,305
Interest received			(41)
Depreciation charges			47,826	42,365
Loss on disposal of plant and equipment			5,670
(Increase)/decrease in stocks			28,653	(6,974)
(Increase)/decrease in debtors			(205,265)	(22,049)
Increase/(decrease) in creditors			(40,630)	45,658
Net cash inflow from operations			497,103	185,245

1. COMPARATIVE STATEMENT OF FINANCIAL ACTIV	ITIES
			Total
Forthe year ending 31 January 2020	Unrestricted	Restricted	Funds
	Funds	Funds	2020
INCOME AND ENDOWMENTS FROM:
Donations and legacies	194,697	55,194	249,891
Other trading activities	386,172		386,172
Charitable activities	942,898		942,896
Finance income	150		150
TOTAL INCOME	1,523,915	55,194	1,579,109
EXPENDITURE ON:
Raising funds	80,612		80,612
Other trading activities	368,009		368,009
Charitable activities	1,005,663	8,885	1,014,548
TOTAL EXPENDITURE	1,454,284	8,885	1,463,189
NET INCOME I (EXPENDITURE)	69,631	46,309	115,940
Transfers between funds	46,074	(46,074)
NET MOVEMENT IN FUNDS	115,705	235	115,940
RECONCILIATION OF FUNDS
Fund balances brought forward at 1 February 2019	190,650	249	190,899
Fund balances carried forward at 31 January 2020	306,355	484	306,839

operates th	e Zoo's cafe and retail shop. The summ	ary financial performance ofthe Charity	alone is:
		2021	2020
			E
Income		1,585,445	1,192,937
Expenditure		~938861	(~I095180
NET INCOME		646,584	97,777
Total funds	brought forward	282438	184661
Total funds	carried forward	929,022	282,438
Represented	by:
Restricted funds		15,931	484
Unrestricted	funds	913091	281 954
		929,022	282,438

Unrestricted	Restricted	2021	2020
K	K	K	E
220,761	10,060	230,821	249,891
nd.
by restricted	funds.
Unrestricted	Restricted	2021	2020
E		E	K
206,833		206,833	386,172
Unrestricted	Restricted	2021	2020
E	E	6	6
726,479		726,479	942,896
Unrestricted	Restricted	2021	2020
6	6	6
500,000		500,000
74,071		74,071
54033		54033
628,104		628,104

Insurance claims received	Insurance claims received
Government	grants —JRS
Government	grants —Local Authority

premises	as the	Charity. The summary financial perf	ormance ofthe subsidiary from its published	accounts is:
			2021	2020
			6	E
Turnover			206,833	386,172
Operating	costs		~206503	~368009
Operating	Profit	I(loss)	330	18,163

7. NET INCOME FROM ACTIVITIES OF SUBSIDIARIES (cont'd)	7. NET INCOME FROM ACTIVITIES OF SUBSIDIARIES (cont'd)	7. NET INCOME FROM ACTIVITIES OF SUBSIDIARIES (cont'd)	7. NET INCOME FROM ACTIVITIES OF SUBSIDIARIES (cont'd)	7. NET INCOME FROM ACTIVITIES OF SUBSIDIARIES (cont'd)	7. NET INCOME FROM ACTIVITIES OF SUBSIDIARIES (cont'd)
						2021	2020
						E	E
The net assets and		liabilities ofthe subsidiary			were:
Fixed Assets						2,503	3,185
Current assets						27,285	45,022
Creditors: amounts		falling due within one year				~4957	(23706)
Total net assets						24,831	24,501
Aggregate ofshare		capital and reserves				24,831	24,501
8. ANALYSIS	OF EXPENDITURE
						2021	2020
						E
Cost ofraising funds:
Fundraising costs						35,876	60,444
Allocation of support		and	governance	(note 9)		13714	20168
						49,590	80,612
Costs ofother trading			activities			206,503	368,009
Direct Charitable	expenditure
Staff costs						377,705	326,930
Depreciation						47,144	41,749
Animal costs						61,678	89,861
Vet costs						8,785	18,071
Adoption costs						1,365	1,324
Staff training and uniform						4,950	5,065
Rent (charity proportion)						43,567	46,400
Utilities						30,388	38,533
Equipment hire						75	11,184
Maintenance						6,090	36,487
Health &safety						9,744	7,989
Education costs						635	15,366
Subcontractors						33,728	72,733
Cleaning						10,719	36,629
Gardening						3,012	5,994
Donations paid						3,770	8,290
Allocation ofsupport		and	governance	costs (Note 9)		245916	251 943
						889,271	1,014,548

NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31JANUARY 2021	NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31JANUARY 2021	NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31JANUARY 2021
9. SUPPORT AND GOVERNANCE COSTS
			Support	Governance	2021		2020
			K	E	E		E
Support costs		Basis ofallocation
Staff costs		pro-rata on expenditure	85,182		85,182		125,547
Travel and entertaining		pro-rata on expenditure	1,383		1,383		6,249
Printing and postage		pro-rata on expenditure	3,365		3,365		5,001
Telephone and IT		pro-rata on expenditure	9,057		9,057		10,960
Insurance		pro-rata on expenditure	14,462		14,462		12,074
Sundry		pro-rata on expenditure	773		773		2,269
Bank charges		pro-rata on expenditure	9,251		9,251		10,748
Credit card charges		pro-rata on expenditure	28,420		28,420		8,832
Loan interest		pro-rata on expenditure	11,044		11,044		6,469
HP interest		pro-rata on expenditure	2,932		2,932		3,836
Subscriptions		pro-rata on expenditure	3,274		3,274		2,995
Legal and professional		pro-rata on expenditure	3,590		3,590		4,575
Accountancy and management		pro-rata on expenditure	28,975		28,975		32,465
Irrecoverable VAT		pro-rats on expenditure	39,252		39,252		26,428
Loss on disposal ofasset		pro-rata on expenditure	5,670		5,670
Governance costs
Audit &statutory reporting				13,000	13,000		13,000
Governance costs							663
			246,630	13,000	259,630		272,111
Support and Governance	costs	are allocated to Fundraising and		Direct Charitable	expenditure	as	follows:
Fundraising costs			13,027	687	13,714		20,168
Direct charitable expenditure			233603	12313	245916		251 943
			246,630	13,000	259,630		272,111
10. OTHER COSTS - CONSOLIDATED
					202'I		2020
							E
The surplus/deficit is stated after charging:
Depreciation					47,826		42,365
Bank loan interest payable					11,044		6,469
Operating lease rentals					75		11,184
Audit services					6,500		6,500
11. EMPLOYEES - CONSOLIDATED
Employee costs ofthe group during the year were as follows:					2021f		2020
Wages and salaries					492,474		558,102
Social security costs					29,608		34,776
Other pension costs					7710		7828
					529,792		600,706

The Charity paid remuneration	The Charity paid remuneration	The Charity paid remuneration	to senior management	to senior management	personnel	personnel	ofK74,242 for	ofK74,242 for	the	year to 31 January	2021 (2020-	2021 (2020-
F88,611).The Charity		and trading	company	operates	a	combined		payroll	and	has auto-enrolled	to meet	the
requirements ofemployer		pensions. The Charity		operates	a defined contribution				scheme, the assets of		which are	held
separately from those contributions payable	of the group in an independently administered by the Charity to the fund, The amount owing at							fund. The the year-end		pension cost charge represents was f1,447 (2020 —f1,458)and
is included in other payables.
12. TANGIBLE FIXEDASSETS
							Leasehold			Fixtures &
GROUP Cost:							improvements E			Equipment f	Total E
At 1 February 2020								510,690		114,226	624,916
Additions in the year								4,468		365	4,833
Disposals in the year										~32340	~32340
At 31 January 2021								515,158		82,251	597,409
Depreciation:
At 1 February 2020								67,509		21,442	88,951
Charge in the year								26,784		21,042	47,826
Eliminated on disposal										~7233	~7233
At 31 January 2021								94,293		35,251	129,544
Net book amount at 31 January 2021								420,885		47,000	467,865
Net book amount at 31 January 2020								443,181		92,784	535,965
CHARITY
Cost:
At 1 February 2020								510,690		108,125	618,815
Additions in the year								4,468		365	4,833
Disposals in the year										~32340	~32340
At 31January 2021								515,158		76,150	591,308
Depreciation:
At 1 February 2020								67,509		18,526	86,035
Charge in the year								26,784		20,360	47,144
Eliminated on disposal										~7233	~7233
At 31January 2021								94,293		31,653	125,946
Net book amount at 31January 2021							420,865			44,497	465,362
Net book amount at 31 January 2020							443,181			89,599	532,780

				Consolidated	Consolidated	The Wildheart	The Wildheart	Trust
				2021	2020	2021		2020
					E	K		R
Trade	receivables			4,754	11,001	4,754	11,001
Amounts owed by subsidiary Other receivables				6,586	2,417	1,631 6,586	19,230 2,417
Prepayments and accrued income				226,400	19,018	226,217	19,018
				237,740	32,436	239,188	51,666
14.	INVESTMENTS
				Consolidated		The Wildheart		Trust
				2021	2020	2021		2020
				E		K		K
Shares		inrouundertaking	(costandNBV)			100		100

						Consolidated	Consolidated	The Wildheart	The Wildheart	Trust
						2021 E	2020 E	2021 8		2020 f
Carrying	amount	offinancial		assets
Debt instruments		measured	at	amortised	cost	636,784	36,916	623,929	52,433
Carrying	amount	offinancial		liabilities
Measured	at amortised cost					387,374	332,604	384,048	328,128

16. CREDIT	ORS: A	MOUNTS FALLING DUE	WITHIN ONE YEAR	WITHIN ONE YEAR
			Consolidated		The Wlldheart Trust
			2021 E	2020 E	2021 f	2020 E
Bank loans and overdrafts			23,781	62,745	23,781	62,745
Other taxation	and social security		8,279	10,780	8,279	10,780
Trade creditors			43,758	56,772	42,232	54,096
Other payables			4,213	34,537	4,213	34,537
Hire purchase	payable		10,466	16,325	10,466	16,325
Accruals and deferred		income	35,578	30,327	33,778	28,527
			126,075	211,486	122,749	207,010

17.	CREDITORS: AMOUNTS F	ALLING DUE AFTER MORE THAN ONE YEAR	ALLING DUE AFTER MORE THAN ONE YEAR
		Consolidated		The Wildheart Trust
		2021 f	2020 f	2021	2020
Bank	loans	266,370	134,137	266,370	134,137
Hire	purchase	20,521	41,964	20,521	41,964
		286,891	176,101	286,891	176,101

18. RESTRI	CTED FUNDS
					Transfers	Balance
		Balance at			(to)/from	at
		1/2/2020 f	Income f	Expenditure f	unrestricted f	31/1/2021
Lion appeal			639		(639)
Bigcat enrichment		484	213	(136)		561
Lifeline for Lynx			8,363	(1,912)		6,451
Aviary fund			845	(703)		142
Total restricted	funds	484	10,060	(2,751)	(639)	7,154
Comparative
					Transfers	Balance
		Balance at			to	at
		1/2/2019 f	Income f	Expenditure f	unrestricted f	31/1/2020 f
Lion appeal		249	29,710	740	(30,699)
Caf0 renovation			19,000		(19,000)
Fort project			6,000	(9,625)	3,625
Bigcat enrichment			484			484
Total restricted	funds	249	55,194	(8,885)	(46,074)	484

Consolidated					Transfers
		Balance at			from	Balance at
		1/2/2020	Income	Expenditure	restricted	31/1/2021
		E	E	E	E	E
General fund		306,355	1,782,218	(1,142,613)	639	946,599
Comparative
Consolidated
					Transfers	Balance
		Balance at			from	at
		1/2/201 9	Income	Expenditure	restricted	31/1/2020
		K	E	E	E	E
General fund		190,650	1,523,915	(1,454,284)	46,074	306,355
20. ANALYSIS OF GROUP NET		ASSETS BYFUND
			Unrestricted	Restricted	Total	Total
			Funds	Funds	2021	2020
Group balances			E		6	E
Fixed assets			467,865		467,865	535,965
Current assets			266,822		266,822	90,171
Cash at bank			624,878	7,154	632,032	68,290
Creditors due in 1 year			(126,075)		(126,075)	(211,486)
Creditors due in more than	1 year		(286,891)		(286,891)	(176,101)
			946,599	7,154	953.753	306,839

At the reporting date, the Trust had the fo leases, which fall due as follows:	llowing minimum future le	ase co	mmitments	under non-cancella	ble op
		2021		2020
	Land 8			Land &
	Buildings		Other	buildings	Other
	E		E	E
Within one year Between two and five years	68,000 272,000		2,316 5,409	68,000 272,000	8,353 2,316
In over five years	6,256,000			6,324,000
	6,596,000		7,725	6,664,000	10,669