2021-12-31-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		16-25

Charity Number	Charity Number	1171144
Company	Number	10238727
Registered	Office	Granite Fort
		Yaverland Seafront
		Sandown
		Isle ofWight
		PO36 8QB
Trustees		Miss C Corney
		Mr N Cummings
		Mrs A R Fishwick
		Mr C G Packham
Auditors		Bright Brown Ltd
		Exchange House
		Newport
		Isle ofWight
		PO30 5BZ
Accountants		Moore (South) LLP
		9StJohn's Place
		Newport
		Isle ofWight
		PO30 1LH
Bankers		NatWest Bank Pic
		107StJames Street
		Newport
		Isle ofWight
		PO30 1UT

						Total	Total
						Funds	Funds
				Unrestricted	Restricted	Period to	Year to
			Note	Funds E	Funds f	Dec 2021 K	Jan 2021 K
INCOME AND ENDOWMENTS		FROM:
Donations and legacies Other trading activities			3 4&7	358430 325,418	158092	516,522 325,418	230,821 206,833
Charitable activities			5	931,794		931,794	726,479
Finance income				780		780	41
Other income				61,147		61,147	628,104
TOTAL INCOME				1,677,569	158,092	1,835,661 1,792,278
EXPENDITURE ON:
Raising funds Other trading activities			8 7&8	53,881 283,699		53,881 283,699	49,590 206,503
Charitable activities			8	950,387	138,011	1,088,398	889,271
TOTAL EXPENDITURE				1,287,967	138,011	1,425,978 1,145,364
NET INCOME / (EXPENDITURE)				389,602	20,081	409,683	646,914
Transfers between funds			18&19	(12,675)	12,675
NET MOVEMENT IN FUNDS				376,927	32,756	409,683	646,914
RECONCILIATION OF	FUNDS
Fund balances brought	forward	at 1 February	2021	946,599	7,154	953,753	306,839
Fund balances carried	forward	at 31 December 2021		1,323,526	39,910	1,363,436	953,753

AS AT 31 DECE	MBER	2021
			Consolidated		Wildheart		Trust
			Dec	Jan	Dec		Jan
			2021	2021	2021		2021
		Note	E	E	E		E
FIXED ASSETS
Tangible assets		12	491,933	467,865	489,859		465,362
CURRENT ASSETS
Stocks			26,592	29,082	12,838		16,466
Debtors		13	272,927	237,740	272,688		239,188
Investments		14			100		100
Cash at bank and	in hand		979,458	632,032	931,279		617,546
			1,278,977	898,854	1,216,905		873,300
CREDITORS Amounts		falling due
within one year		16	(157,996)	(126,075)	(160,300)	(122,749)
NET CURRENT ASSETS/(LIABILITIES)			1,120,981	772,779	1,056,605		750,551
TOTAL ASSETS	LESS	CURRENT LIABILITIES	1,612,914	1,240,644	1,546,464	1,215,913
CREDITORS: amounts		falling due after
more than one year		17	(249,478)	(286,891)	(249,478)	(286,891)
TOTAL NET ASSETS			1,363,436	953,753	1,296,986		929,022
FUNDS
Restricted funds		18	39,910	7,154	39,910		7,154
Other unrestricted	funds	19	1,323,526	946,599	1,257,076		921,868
			1,363,436	953,753	1,296,986	929,022

					Period to	Yearto
					December	January
					2021f	2021
Cashflow from operating	activities
Net cash flow from operations				See Below	435,916	497,103
Interest paid					(10,066)	(13,976)
Total cash flow from operating		activities			425,850	483,127
Cashflow from investing	activities
Purchase of property, plant	and equipment				(59,570)	(4,833)
Proceeds from sale of equipment						19,440
Interest received					780	41
Total cash flow on investing activities					(58,790)	14,648
Cash from financing activities
Proceeds of borrowing						145,000
Repayments of borrowing					(11,356)	(9,358)
Proceeds from finance lease arrangements
Repayment offinance lease obligations					(8,276)	(27,302)
Net cash provided by (used	in) financing		activities		(19,632)	108,340
Net increase in cash and	cash	equivalents			347,428	606,115
Cash and cash equivalents	at 1 February		2021		632,030	25,915
Cash and cash equivalents	at 31	December		2021	979,458	632,030
Cash and cash equivalents.
Bank accounts Overdraft					979,458	632,032 ~2
					979,458	632,030
Reconciliation of income	to net	cash flow from operations:			Period to	Year to
					Dec 2021 8	Jan 2021 f
Net income less expenditure					409,683	646,914
Finance costs					10,066	13,976
Interest received					(780)	(41)
Depreciation charges					35,501	47,826
Loss on disposal of plant and equipment						5,670
(Increase)/decrease in stocks					2,490	28,653
(Increase)/decrease in debtors					(35,187)	(205,265)
Increase/(decrease) in creditors					14,143	(40,630)
Net cash inflow from operations					435,916	497,103


1. COMPARATIVE	STATEMENT		OF FINANCIAL	ACTIVITIES
										Total
Forthe year ending 31January 2021						Unrestricted		Restricted		Funds
						Funds		Funds		Jan 2021
INCOME AND ENDOWMENTS FROM:
Donations and legacies							220,761	10,060		230,821
Other trading activities							206,833			206,833
Charitable activities							726,479			726,479
Finance income							41			41
Other income							628,104			628, 104
TOTAL INCOME						1,782,218		10,060	1,792,278
EXPENDITURE ON:
Raising funds							49,590			49,590
Other trading activities							206,503			206,503
Charitable activities							886,520	2,751		889,271
TOTAL EXPENDITURE						1,142,613		2,751	1,145,364
NET INCOME I(EXPENDITURE)							639,605	7,309		646,914
Transfers between funds							639	(639)
NET MOVEMENT IN FUNDS							640,244	6,670		646,914
RECONCILIATION OF	FUNDS
Fund balances brought	forward at 1 February 2020						306,355	484		306,839
Fund balances carried	forward at 31 January 2021						946,599	7,154		953,753
2. FINANCIAL PERFORMANCE			OF THE CHARITY
The consolidated statement		offinancial	activities includes		the results	ofthe	Charity's	wholly owned		subsidiary,	which
operates the Zoo's cafa	and	retail shop.	The summary	financial performance			ofthe Charity alone		is:
							Period to			Yearto
							Dec2021			Jan 2021
Income						1,510,243			1,585,445
Expenditure						~1142279				~938861
NET INCOME							367,964			646,584
Total funds brought forward							929022			282 438
Total funds camed forward						1,296,986				929,022
Represented by:
Restricted funds							39,910			15,931
Unrestricted funds						1 257076				913091
						1,296,986				929,022

3. INC	OME FR	OM	DONATIONS	AND LEG	ACIES			Period to	Year to
								Dec	Jan
						Unrestricted	Restricted	2021	2021
						E	E		E
Donations						141,108	158,092	299,200	230,821
Legacies						217 322		217322
						358,430	158,092	516,522	230,821
Donations	include	E24,212 (2021 —E30,466) in			respect of gifts in	kind.
Of the comparative		figure, E10,060of		donations	were represented	by restricted	funds.
4. INCOME FROM			OTHER TRADING ACTIVITIES					Period to	Yearto
								Dec	Jan
						Unrestricted	Restricted	2021	2021
						E		E	E
Commercial	trading	operations —Cafa		and retail		325,418		325,418	206,833
5. INCOME FROII			CHARITABLE	ACTIVITIES				Period to	Year to
								Dec	Jan
						Unrestricted	Restricted	2021	2021
						E	E	E	E
Sales within	charitable		activities			931,794		931,794	726,479
6. OTHER INCOME								Period to	Yearto
								Dec	Jan
						Unrestricted	Restricted	2021	2021
						E	E	E	E
Insurance claims received									500,000
Government	grants	—JRS				22,235		22,235	74,071
Government	grants	—Local Authodity				22,283		22,283	54,033
Government	grants	—Kickstart				16629		16629
						61,147		61,147	628,104

premises	as the	Charity. The summary financial perf	ormance ofthe subsidiary from its published a	ccounts is:
			Pediod to	Yearto
			Dec 2021	Jan 2021
			E	E
Turnover			325,418	206,833
Operating	costs		~283699	~206503
Operating	Profit	I(loss)	41,719	330

NOTES TO THE ACCOUNTS (CONT)	NOTES TO THE ACCOUNTS (CONT)	NOTES TO THE ACCOUNTS (CONT)	NOTES TO THE ACCOUNTS (CONT)	NOTES TO THE ACCOUNTS (CONT)
FOR THE PERIOD		ENDED 31DECEMBER2021
7. NET INCOME FROM ACTIVITIES OF SUBSIDIARIES (cont'd)
						Period to	Yearto
						Dec 2021	Jan 2021 f
The net assets and		liabilities ofthe subsidiary			were:
Fixed Assets						2,074	2,503
Current assets						71,091	27,285
Creditors: amounts		falling due within		one year		~6615	~4957
Total net assets						66,550	24,831
Aggregate ofshare		capital and reserves				66,550	24,831
8. ANALYSIS	OF EXPENDITURE
						Period to	Yearto
						Dec 2021 f	Jan 2021 f
Cost of raising funds:
Fundraising costs						42,655	35,876
Allocation ofsupport		and governance		(note 9)		11226	13714
						53,881	49,590
Costs ofother trading			activities			283,699	206,503
Direct Charitable	expenditure
Staff costs						410,030	377,705
Depreciation						35,072	47,144
Animal costs						65,460	61,678
Vet costs						7,652	8,785
Adoption costs						1,099	1,365
Staff training and uniform						8,719	4,950
Rent (charity proportion)						52,675	43,567
Utilities						35,412	30,388
Equipment hire						1,959	75
Maintenance Health 8safety						29,707 8,436	6,090 9,744
Education costs						457	635
Subcontractors						171,614	33,728
Cleaning						14,974	10,719
Gardening						8,301	3,012
Donations paid						10,032	3,770
Allocation ofsupport		and	governance	costs (Note 9)		226 799	245 916
						1,088,398	889,271

NOTES TO THE ACCOUNTS (CONT) FOR THE PERIOD ENDED 31DECEMBER2021	NOTES TO THE ACCOUNTS (CONT) FOR THE PERIOD ENDED 31DECEMBER2021	NOTES TO THE ACCOUNTS (CONT) FOR THE PERIOD ENDED 31DECEMBER2021
9. SUPPORT AND GOVERNANCE COSTS					Period to	Yearto
					Dec	Jan
			Support	Governance	2021	2021
			6	6	6	K
Supportcosts		Basis ofallocation
Staff costs		pro-rata on expenditure	71,085		71,085	85,182
Travel and entertaining		pro-rata on expenditure	3,139		3,139	1,383
Printing and postage		pro-rata on expenditure	3,499		3,499	3,365
Telephone and IT		pro-rata on expenditure	16,841		16,841	9,057
Insurance		pro-rata on expenditure	20,018		20,018	14,462
Sundry		pro-rata on expenditure	1,278		1,278	773
Bank charges		pro-rata on expenditure	2,778		2,778	9,251
Credit card charges		pro-rata on expenditure	16,507		16,507	28,420
Loan interest		pro-rata on expenditure	8,447		8,447	11,044
HP interest		pro-rata on expenditure	1,619		1,619	2,932
Subscriptions		pro-rata on expenditure	3,719		3,719	3,274
Legal and professional		pro-rata on expenditure	10,966		10,966	3,590
Accountancy and management		pro-rata on expenditure	11,658		11,658	28,975
Irrecoverable VAT		pro-rata on expenditure	52,057		52,057	39,252
Loss on disposal ofasset		pro-rata on expenditure				5,670
Governance costs
Audit & statutory reporting				13,000	13,000	13,000
Governance costs				1,414	1,414
			223,611	14,414	238,025	259,630
Support and Governance	costs	are allocated to Fundraising and		Direct Charitable	expenditure as	follows:
Fundraising costs			10,546	680	11,226	13,714
Direct charitable expenditure			213065	13734	226 799	245916
			223,611	14,414	238,025	259,630
10. OTHER COSTS - CONSOLIDATED					Period to	Year to
					Dec	Jan
					2021	2021
					E	8
The surplus/deficit is stated after charging:
Depreciation					35,501	47,826
Bank loan interest payable					8,447	11,044
Operating lease rentals					1,959	75
Audit services					6,500	6,500
11. EMPLOYEES —CONSOLIDATED					Period to	Yearto
					Dec	Jan
					2021	2021
Employee costs ofthe group during the year were as follows'					6	8
Wages and salaries					528,185	492,474
Social security costs					32,100	29,608
Other pension costs					8241	7710
					568,526	529,792.

the fund. The amount owing at the period-en 12. TANGIBLE FIXEDASSETS	d was K1,954(Jan	2021 —E1,447) an	d is included in ot	her payables.
	Assets under	Leasehold	Fixtures &
GROUP Cost:	construction f	improvements	Equipment 8	Total E
At 1 February 2021		515,158	82,251	597,409
Additions	21,246	26,920	11,403	59,569
At 31 December 2021	21,246	542,078	93,654	656,978
Depreciation:
At 1 February 2021		94,293	35,251	129,544
Charge in the period		25,389	10,112	35,501
At 31 December 2021		119,682	45,363	165,045
Net book amount at 31 December 2021	21,246	422,396	48,291	491,933
Net book amount at 31 January 2021		420,865	47,000	467,865
CHARITY
Cost:
At 1 February 2021		515,158	76,150	591,308
Additions	21,246	26,920	11,403	59,569
At 31 December 2021	21,246	542,078	87,553	650,877
Depreciation:
At 1 February 2021		94,293	31,653	125,946
Charge in the period		25,389	9,683	35,072
At 31 December 2021		119,682	41,336	161,220
Net book amount at 31 December 2021	21,246	422,396	46,217	489,859
Net book amount at 31 January 2021		420,865	44,497	465,362

FOR THE PERIOD ENDED 31DECEMBER 20 13. DEBTORS	21	21
	Consolidated		The Wildheart Trust
	Dec 2021 E	Jan 2021 f	Dec 2021 E	Jan 2021 f
Trade receivables	946	4,754	946	4,754
Amounts owed by subsidiary				1,631
Other receivables	227,290	6,586	227,290	6,586
Prepayments and accrued income	44,691	226,400	44,452	226,217
	272,927	237,740	272,688	239,188

							Consolidated	Consolidated		The Wildheart	Trust
						Dec	2021 E	Jan	2021 f	Dec 2021 Jan f	2021 f
in	group	undertaking	(cost	and	NBV)					100	100

15. FINANCIAL INSTRU	ME	NTS
			Consolidated		The Wildheart Trust
			Dec 2021 E	Jan 2021 f	Dec 2021 f	Jan 2021 E
Carrying amount offinancial		assets
Debt instruments measured	at	amortised cost	1,197,726	636,784	1,149,547	623,929
Carrying amount offinancial		liabilities
Measured at amortised cost			371,810	387,374	374,028	384,048
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			Consolidated		The Wildheart Trust
			Dec2021 E	Jan 2021 f	Dec 2021 E	Jan 2021 E
Bank loans and overdrafts			41,560	23,781	41,560	23,781
Other taxation and social security			8,896	8,279	8,982	8,279
Trade creditors			45,853	43,758	40,887	42,232
Other payables			7,037	4,213	7,037	4,213
Amounts owed to subsidiary					8,833
Hire purchase payable			10,466	10,466	10,466	10,466
Accruals and deferred income			44,184	35,578	42,535	33,778
			157,996	126,075	160,300	122,749

17.	CREDITORS: AMOUNTS F	ALLING DUE AFTER MORE THAN ONE YEAR	ALLING DUE AFTER MORE THAN ONE YEAR
		Consolidated		The Wildheart Trust
		Dec	2021 Jan 2021	Dec 2021	Jan 2021
		E	F	E	8
Bank	loans	237,233	266,370	237,233	266,370
Hire	purchase	12,245	20,521	12,245	20,521
		249,478	286,891	249,478	286,891

18. RESTRI	CTED FUNDS
					Transfers	Balance
		Balance at			(to)/from	at
		1/2/2021	Income	Expenditure	unrestricted	31/12/2021
		E	E		E	E
Big cat enrichment		561	561			1,122
Lifeline for Lynx		6,451	6,208	(16,882)	4,223
Aviary fund		142	1,697	(350)		1,489
Kunia and Vigo	lion rock appeal		2,681	(12,133)	9,452
Serval rescue			500	(500)
Tiger rescue			5,000			5,000
Primate rescue			2,770	(300)		2,470
CO-OP pathways			1,864			1,864
Casper's rock			811	(481)		330
PR activity			120,000	(100,000)		20,000
Website fund			15,000	(7,365)		7,635
Front ofhouse tech equipment			1,000		(1,000)
Total restricted	funds	7,154	158,092	(138,011)	12,675	39,910
Comparative
					Transfers	Balance
		Balance at			to	at
		1/2/2020	Income	Expenditure	unrestricted	31/1/2021
		6		E	E	E
Lion appeal			639		(639)
Big cat enrichment		484	213	(136)		561
Lifeline for Lynx			8,363	(1,912)		6,451
Aviary fund			845	(703)		142
Total ress icted funds		484	10,060	(2,751)	(639)	7,154

19. UNRES	19. UNRES	TRICTED FUNDS
Consolidated							Transfers
			Balance	at			from	Balance at
			1/2/2021 f		Income E	Expenditure 8	restricted 8	31/1/2022 6
General	fund		946,599		1,677,569	(1,287,967)	(12,675)	1,323,526
Comparative		-Consolidated
							Transfers	Balance
			Balance	at			from	at
			1/2/2020 f		Income E	Expenditure	restricted f	31/1/2021 .F
General	fund		306,355		1,782,218	(1,142,613)	639	946,599