2022-12-31-accounts - The Wildheart Trust

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		Page
Reference and Administrative	Details
Report ofthe Trustees		2-8
Independent Auditors' Report		9-10
Consolidated Statement of Financial Activities
Balance Sheets		12
Consolidated Statement ofCash flows		13
Principal Accounting Policies		14-16
Notes ofthe Financial Statements		17-26

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
		Ms Joanne Bootle (Appointed		28/11/2022)
		Mr Mark Henry (Appointed	21/09/2023)
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
						Funds	Funds
				Unrestricted	Restricted	Year to	Period to
			Note	Funds f	Funds f	Dec2022 f	Dec 2021 f
INCOME AND ENDOWMENTS		FROM:
Donations and legacies Other trading activities			3 48 7	136,567 425,792	16,945	153,512 425,792	516,522 325,418
Charitable activities			5	969,046		969,046	931,794
Finance income				5,305		5,305	780
Other income				34,342		34,342	61,147
TOTAL INCOIIIIE				1,571,052	16,945	1,587,997 1,835,661
EXPENDITURE ON:
Raising funds Other trading activities			8 78 8	96,432 410,864		96,432 410,864	53,881 283,699
Charitable activities			8	1,223,393	34,486	1,257,879 1,088,398
TOTAL EXPENDITURE				1,730,689	34,486	1,765,175 1,425,978
NET INCOME I(EXPENDITURE)				(159,637)	(17,541)	(177,178)	409,683
Transfers between funds			18819	17,919	(17,919)
NET MOVEMENT IN FUNDS				(141,718)	(35,460)	(177,178)	409,683
RECONCILIATION OF	FUNDS
Fund balances brought	forward	at 1 January	2022	1,323,526	39,910	1,363,436	953,753
Fund balances carried forward		at 31 December 2022		1,181,808	4,450	1,186,258 1,363,436

AS AT 31 DECE	MBER	2022
			Consolidated		Wildheart	Trust
			Dec	Dec	Dec	Dec
			2022	2021	2022	2021
		Note	E	E	6	E
FIXEDASSETS
Tangible assets		12	797,136	491,933	788,921	489,859
CURRENT ASSETS
Stocks			35,181	26,592	14,464	12,838
Debtors		13	39,643	272,927	39,293	272,688
Investments		14			100	100
Cash at bank and	in hand		709,217	979,458	696,946	931,279
			784,041	1,278,977	750,803 1,216,905
CREDITORS Amounts		falling due
within one year		16	(180,247)	(157,996)	(186,999) (160,300)
NET CURRENT ASSETS/(LIABILITIES)			603,794	1,120,981	563,804 1,056,605
TOTAL ASSETS	LESS	CURRENT LIABILITIES	1,400,930	1,612,914	1,352,725 1,546,464
CREDITORS: amounts		falling due after
more than one year		17	(214,672)	(249,478)	(214,672) (249,478)
TOTAL NETASSETS			1,186,258	1,363,436	1,138,053 1,296,986
FUNDS
Restricted funds		18	4,450	39,910	4,450	39,910
Unrestricted funds		19	1,181,808	1,323,526	1,133,603 1,257,076
			1,186,258	1,363,436	1,138,053 1,296,986

FOR THE YEAR ENDED	31 D	E	CEMB	ER	2022
						Yearto	Period to
						December	December
						2022	2021
						E	E
Cashflow from operating	activities
Net cash flow from operations					See Below	138,037	435,916
Interest paid						(12,834)	(10,066)
Total cash flow from operating			activities			125,203	425,850
Cashflow from investing	activities
Purchase ofproperty, plant	and	equipment				(357,754)	(59,570)
Interest received						5,305	780
Total cash flow on investing		activities				(352,449)	(58,790)
Cash from financing activities
Repayments of borrowing						(33,809)	(11,356)
Repayment offinance lease obligations						(9,186)	(8,276)
Net cash provided by (used	in)	financing		activities		(42,995)	(19,632)
Net increase in cash and	cash equivalents					(270,241)	347,428
Cash and cash equivalents	at 1 January			2022		979,458	632,030
Cash and cash equivalents	at 31		December		2022	709,217	979,458
Cash and cash equivalents:
Bank accounts						709217	979458
						709,217	979,458
Reconciliation ofincome	to net		cash	flow from operations:		Yearto	Period to
						Dec 2022	Dec 2021
						E	E
Net income less expenditure						(177,178)	409,683
Finance costs						12,834	10,066
Interest received						(5,305)	(780)
Depreciation charges						52,551	35,501
(Increase)/decrease in stocks						(8,589)	2,490
(Increase)/decrease in debtors						233,284	(35,187)
Increase/(decrease) in creditors						30,440	14,143
Net cash inflow from operations						138,037	435,916

1. COMPARAT	IVE	ST	ATEMENT	OF FINANCIAL	AC	TIV	ITIES
												Total
							Unrestricted			Restricted		Funds
For the period ending		31	December	2021				Funds		Funds		Dec 2021
								E				E
INCOME AND ENDOWMENTS FROM:
Donations and legacies								358,430		158,092		516,522
Other trading activities								325,418				325,418
Charitable activities								931,794				931,794
Finance income								780				780
Other income								61,147				61,147
TOTAL INCOME							1,677,569			158,092	1,835,661
EXPENDITURE ON:
Raising funds								53,881				53,881
Other trading activities								283,699				283,699
Charitable activities								950,387		138,011	1,088,398
TOTAL EXPENDITURE							1,287,967			138,011	1,425,978
NET INCOME I(EXPENDITURE)								389,602		20,081		409,683
Transfers between	funds							(12,675)		12,675
NET MOVEMENT	IN FUNDS							376,927		32,756		409,683
RECONCILIATION	OF	FUNDS
Fund balances brought		forward at 1 February 2021						946,599		7,154		953,753
Fund balances carried forward at 31 December 2021							1,323,526			39,910	1,363,436
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	cafe	and	retail shop.	The summary	financial		performance	ofthe Charity alone			is:
								Year to				Period to
								Dec 2022				Dec 2021
												E
Income							1,195,378				1,510,243
Expenditure							51	354311)		(1		142279)
NET INCOME							(158,933)					367,964
Total funds brought	forward						1	296986				929022
Total funds carried	forward						1,138,053				1,296,986
Represented by:
Restricted funds								4,450				39,910
Unrestricted funds							1	133603			1	257076
							1,338,053				1,296,986


3. INCOME FROM			DONATIONS	AND LEGACIES				Year to	Period to
								Dec	Dec
						Unrestricted	Restricted 6	2022 E	2021f
Donations						131,565	16,945	148,510	299,200
Legacies						5002		5002	217322
						136,567	16,945	153,512	516,522
Donations	include	E1,560 (2021 —624,212) in respect of gifts in kind.
Ofthe comparative		figure, 610,060of		donations	were represented	by restricted	funds.
4. INCOME FROM			OTHER TRADING ACTIVITIES					Year to	Period to
								Dec	Dec
						Unrestricted	Restricted	2022	2021
						E	6	E	F
Commercial	trading	operations —Cafe		and retail		425,792		425,792	325,418
5. INCOME FROM			CHARITABLE	ACTIVITIES				Year to	Period to
								Dec	Dec
						Unrestricted f	Restricted E	2022 E	2021 F
Sales within	charitable		activities			969,046		969,046	931,794
6. OTHER INCONIE								Year to	Period to
								Dec	Dec
						Unrestricted E	Restricted	2022	2021f
Government	grants	—JRS							22,235
Government	grants	—Local Authority				7,000		7,000	22,283
Government	grants	—Kickstart				14,968		14,968	16,629
Other grants						12374		12374
						34,342		34,342	61,147

premises	as the	Charity. The summary financial perf	ormance ofthe subsidiary from its published a	ccounts is:
			Year to	Period to
			Dec 2022	Dec 2021
			F	E
Turnover			425,792	325,418
Operating	costs		(410865)	(283699)
Operating	Profit	I(loss)	14,927	41,719

NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE ACCOUNTS (CONT) FOR THE YEAR ENDED 31 DECEMBER 2022
7. NET INCOME FROM ACTIVITIES OF SUBSIDIARIES (cont'd)
						Year to	Period to
						Dec 2022	Dec 2021 f
The net assets and		liabilities ofthe subsidiary			were:
Fixed Assets						8,215	2,074
Current assets						66,772	71,091
Creditors: amounts		falling due within		one year		~7089	~6615
Total net assets						67,898	66,550
Aggregate ofshare		capital and reserves				67,898	66,550
8. ANALYSIS	OF EXPENDITURE
						Year to	Period to
						Dec2022 F	Dec 2021 f
Cost ofraising funds:
Fundraising costs						76,433	42,655
Allocation ofsupport		and governance		(note 9)		19999	11226
						96,432	53,881
Costs ofother trading			activities			410,864	283,699
Direct Charitable	expenditure
Staff costs						571,519	410,030
Depreciation						49,943	35,072
Animal costs						50,749	65,460
Vet costs						12,940	7,652
Adoption costs						6,545	1,099
Staff training and uniform						9,089	8,719
Rent (charity proportion)						55,592	52,675
Utilities						51,532	35,412
Equipment hire						5,042	1,959
Maintenance						28,595	29,707
Health &safety						16,005	8,436
Education costs						2,028	457
Subcontractors						108,476	171,614
Cleaning						15,446	14,974
Gardening						3,947	8,301
Donations paid						9,559	10,032
Allocation ofsupport		and	governance	costs (Note 9)		260 872	226 799
						1,257,879	1,088,398


9. SUPPORT AND G	OVER	NANCE	COSTS			Year to	Yearto
						Dec	Dec
				Support	Governance	2022	2021
					E	E	E
Support costs		Basis	ofallocation
Staff costs		pro-rata	on expenditure	56,755		56,755	71,085
Travel and entertaining		pro-rata	on expenditure	5,528		5,528	3,139
Printing and postage		pro-rata	on expenditure	6,540		6,540	3,499
Telephone and IT		pro-rata	on expenditure	26,563		26,563	16,841
Insurance		pro-rata	on expenditure	24,825		24,825	20,018
Sundry		pro-rata	on expenditure	3,258		3,258	1,278
Bank charges		pro-rata	on expenditure	3,222		3,222	2,778
Credit card charges		pro-rata	on expenditure	15,099		15,099	16,507
Loan interest		pro-rata	on expenditure	11,624		11,624	8,447
HP interest		pro-rata	on expenditure	1,210		1,210	1,619
Subscriptions		pro-rata	on expenditure	4,879		4,879	3,719
Legal and professional		pro-rata	on expenditure	33,354		33,354	10,966
Accountancy and management		pro-rata	on expenditure	20,287		20,287	11,658
Irrecoverable VAT		pro-rata	on expenditure	53,897		53,897	52,057
Governance costs
Audit &statutory reporting					13,000	13,000	13,000
Governance costs					830	830	1 414
				267,041	13,830	280,871	238,025
Support and Governance	costs	are allocated to
Fundraising and Direct Charitable expenditure as follows:
Fundraising costs				19,014	985	19,999	11,226
Direct charitable expenditure				248 027	12845	260 872	226 799
				267,041	13,830	280,871	238,025
10. OTHER COSTS - CONSOLIDATED						Year to	Period to
						Dec	Dec
						2022	2021
						E	E
The surplus/deficit is stated after charging:
Depreciation						52,551	35,501
Bank loan interest payable Operating lease rentals						11,624 5,042	8,447 1,959
Audit services						6,500	6,500
11. EMPLOYEES —CONSOLIDATED						Year to	Period to
						Dec	Dec
						2022	2021
Employee costs ofthe group during the year were as follows:							F
Wages and salaries						711,468	528,185
Social security costs						47,878	32,100
Other pension costs						11326	8241
						770,672	568,526

travel and subsistence were pa	id to no (Dec2021 —	id to no (Dec2021 —	id to no (Dec2021 —	id to no (Dec2021 —	id to no (Dec2021 —	no) Trustees	du	ring the period offnil (Dec202	ring the period offnil (Dec202	ring the period offnil (Dec202	1:anil).	1:anil).
The Charity paid remuneration	to senior management					personnel	of	f51,633(Dec 2022 - 645,208			).The Charity and
trading company operates a combined			payroll		and has auto-enrolled			to meet the requirements of		employer pensions.
The Charity operates a defined		contribution		scheme,		the assets ofwhich are held separately from					those ofthe group
in an independently administered		fund.	The		pension	cost charge	represents contributions payable				by the Charity	to
the fund. The amount owing at	the period-end				was E2,324 (Dec 2022 —61,954)and				is included	in	other payables.
12. TANGIBLE FIXEDASSETS
						Assets under		Leasehold	Fixtures	&
GROUP						construction		improvements	Equipment		Total
Cost:						E			K		E
At 1 January 2022 Additions						21,246 9,173		542,078 333,890	93,654 14,690		656,978 357,753
Transfers						(21,246)		21,246
At 31 December 2022						9,173		897,214	108,344		1,014,731
Depreciation:
At 1 January 2022								119,682	45,363		165,045
Charge in the period								42,442	10,109		52,551
At 31 December 2022								162,124	55,472		217,596
Net book amount at 31 December 2022						9,173		735,090	52,872		797,135
Net book amount at 31 December 2021						21,246		422,396	48,291		491,933
CHARITY
Cost:
At 1 January 2022						21,246		542,078	87,553		650,877
Additions Transfers						9,173 (21,246)		333,890 21,246	5,941		349,004
At 31 December 2022						9,173		897,214	93,494		999,881
Depreciation:
At 1 February 2022								119,682	41,336		161,018
Charge in the period								42,442	7,501		49,943
At 31 December 2022								162,124	48,837		210,961
Net book amount at 31 December 2022						9,173		735,090	44,657		788,921
Net book amount at 31 December 2021						21,246		422,396	46,217		489,859

						Consolidated	Consolidated		The Wildheart	The Wildheart	Trust
					Dec 2022		Dec	2021	Dec 2022		Dec 2021
								E	E		E
Trade	receivables				6,108			946	6,108		946
Amounts		owed by subsidiary
Other	debtors				12,312		227,290		12,312		227,290
Prepayments			and accrued income		21	223	44	691	20873		44 452
					39,643		272,927		39,293	272,688
Other	debtors		include two legacies for which the Trust was notified			prior to the approval			ofthese accounts.
14.	INVESTMENTS
						Consolidated			The Wildheart		Trust
					Dec	2022	Dec	2021	Dec 2022		Dec2021
						8	E		E
Shares	in	group undertaking		(cost and NBV)					100		100

15. FINANCIAL INSTRU	ME	N	TS
				Consolidated		The Wildheart		Trust
				Dec 2022	Dec 2021	Dec 2022		Dec 2021
				E
Carrying amount offinancial		assets
Debt instruments measured	at	amortised cost		747,927	1,197,726	735,306	1,149,547
Carrying amount offinancial		liabilities
Measured at amortised cost				334,721	371,810	361,126	374,028
16. CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
				Consolidated		The Wildheart		Trust
				Dec2022 F	Dec 2021 f	Dec 2022	Dec 2021
Bank loans and overdrafts				33,810	41,560	33,810		41,560
Other taxation and social security				17,227	8,896	17,067		8,982
Trade creditors				43,970	45,853	39,125		40,887
Other payables				4,583	7,037	4,583		7,037
Amounts owed to subsidiary						13,840		8,833
Hire purchase payable				10,027	10,466	10,027		10,466
Accruals and deferred income				70630	44 184	68547		42 535
				180,247	157,996	186,999	160,300

19. UNRES	TRICTED FUNDS
Consolidated					Transfers
		Balance at			from	Balance at
		1/1/2022	Income	Expenditure	restricted	31/12/2022
		E	F	E	E	F
General fund		1,323,526	1,571,052	(1,730,689)	17,919	1,181,808
Comparative	-Consolidated
					Transfers	Balance
		Balance at			from	Balance at
		1/2/2021	Income	Expenditure	restricted	31/12/2021
			6	6	E	6
General fund		946,599	1,677,569	(1,287,967)	(12,675)	1,323,526

20. ANALYSIS OF GRO	UP NET ASSET	SBYFUND
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Dec 2022	Dec 2021
Group balances		E	E	E	E
Fixed assets		797,136		797,136	491,933
Current assets		74,824		74,824	299,519
Cash at bank		704,767	4,450	709,217	979,458
Creditors due in 1 year		(180,247)		(180,247)	(157,996)
Creditors due in more than	1 year	~214672		~214672)	~249478)
		1,181,808	4,450	1,186,258	1,363,436

At the reporting date, the Trust had the fo leases, which fall due as follows:	llowing minimuin future l	ease commitments	under non-canc	ellable o
		Dec 2022	Dec	2021
	Land &		Land &
	Buildings E	Other E	buildings E	Other f
Within one year	74,120	4,150	74,120	4,996
Between two and five years	296,480	4,841	296,480	414
In over five years	6,670,800		6,744,920
	7,041,400	8,991	7,115,520	5,409