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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|
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|||||||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|
##
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|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|
##
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