##
|||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|||
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|||||||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|
##
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##
|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|
##
##
##
##