Charfty reglstratlon number 1171668 {England and Wales) CURLY TAILS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CURLY TAILS LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs Denise Scott Mr Jason Scott Mrs Millie Diamond Mrs Wendy Barlow Mrs Rachel Dimmock CharSty number (England and Walos) 1171668 Prlncipal address 19 Draylon Road Newton Longville Milton Keynes Buckinghamshire MK17 OBH Reglstered offlce address 1 st Floor 27 Ship*vell Crescenl Furzton Lake MILTON KEYNES Buckinghamshire England MK4 1GA Independent examiner sheYO0ds Ltd Chartered Certified Accountants 1st Floor 27 Shiwell Crescent Furzton Lake Milton Keynes MK4 1GA
CURLY TAILS CONTENTS Page Trustees, report Independent examinefs report Statement of financial activities Balance sheet Notes to the financial statements 6-12
CURLY TAILS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual reFQrt and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Chanty's [goveming d¢xument], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" {effective 1 January 2019). Objectlves and aclivitios The charity's objectives are the rescue. rehabilitation and care of unwanted pet pigs and the provision of a safe environment for the animals to enjoy, r&homing them where possible to new, forever homes, and rf this cannot be achieved, keeping them for the remainder of their natural lives. No pigs are ever sold, used for meat or for breeding purposes. An animal will onty be humanely destroyed by veterinary surgeons rf they have no quality of life due to chronic poor health or degeneration through old age. The charity also incorporates the advancement of reaming, education and wellbeing all abilitEs and ages through teaching, hamionious and direct interaction with the animals giwng enrichment and understanding to both human and porcine lrfe. Public benefrt The Trustees have paid due regard to guidance issued by the Charity Commission in deciding vthat activities the Charity should undertake. They have considered the Commission's issued guidan on public benefft and are satisfied that the Charity fully meets all spefied requirements. Financial review In common with many small charities, Curly Tails has seen a reduction in donations in the year although income from events, visits and merchandise sales have all increased. The charity continues to expand its educational program and develop bespoke eXperienS for local schools and special needs groups of all ages. To facilitate this, additional spending was incurred on access and parking at the sanctuary as well as the regular and ongoing maintenance of animal housing and fences. At 31st March, the charity had sufficient reserves to continue its work with Ihe re-homed animals and to develop and strengthen its links with the local community and beyond in accordance with its stated objectives. Reserves polKy It is the policy of the Charity that unrestricted funds which have not been designated for a spectfic use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they Trhryll be able to continue the Charity's current activities while consideration is given to ways in which addits'onal fvnds may be raised. This level of resere$ has been maintained throughout the year. Structure, governance and management The Charty is contrdled by rts goveming document, a deed of trust and constitutes an unincorporated charity. The Trustees, who are also the directors for the purpose of company18w. and who sepded during the year and up to the date of signature of the financial statemenls were: Mrs Denise Scott Mr Jason Scott Mrs Millie Diamond Mrs Wendy Barlow Mrs Rachel Dimmock
CURLY TAILS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, report was approved by the Board of Trustees. rs Denise Scoti Trustee
CURLY TAILS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CURLY TAILS I report to the Trustees on my examination of the finanaal statements of Curly Tails (the Charity) for the year ended 31 March 2025. Responsibilities and basis of report As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the finanaal statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the Charity are not required to be audit under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Chatities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b} of the Charities Act2011. Independent examinerfs statement I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Chanty as required by seciion 386 of the Companies Act 2006. the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view. which is n¢A a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance the methods and principles of the Statement of Recommended Practice for atxounting and porting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of IrelarKI (FRS 102). I have no concems and have come across no other matters in connection ryth the examination to vthich attention should be dravm in this report in order to enable a proper understanding of the financial statements to be reached. Ruth Dorans FCCA SheoOd$ Ltd 1st Floor 27 Shipwell Crescent Furzton Lake Milton Keynes Buckinghamshire MK4 1GA England 1-11 202
CURLY TAILS STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restrlcted funds fvnds 2025 2025 Total Unrestrfcted Restrfcted funds funds 2024 2024 Total 2025 2024 Notes Incomo from: Donations and pig sponsorship Charitable activities Investments 96,197 112,457 427 26.615 122,812 112,457 427 74,897 52,176 314 8,500 83,397 52,176 314 Total income 209.081 26,615 235.696 127,387 8,500 135,887 Expendfture on: Raising funds Charitsble activities other expenditure 26,599 140,065 710 26.599 157.680 710 8.349 134,174 251 8,349 142.838 251 17,615 8,664 Total expenditure 167,374 17.615 184,989 142,774 8,664 151,438 Net incomel(expenditure) and movement in funds 41.707 9.000 50,707 (15,387) (164) (15,551) Reconciliation of funds: Fund balances at 1 April 2024 38,321 38,417 53.708 260 53,968 Fund balances at 31 March 2025 80,028 9,096 89.124 38,321 38,417 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
CURLY TAILS BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Fixed assets Tangible assets 11 9.783 10,777 Current assets Debtors Cash at bank and in hand 12 2,348 83.834 2,501 30,504 86.182 33,005 Creditors: amounts falllng due withln one year 14 {6.841) (5,365) Nel current assets 79,341 27,640 Total assets less current Ilabllltles 89,124 38,417 The funds of the Charity Restricted income funds Unrestricted funds 16 18 96 38,321 80.028 89,124 38,417 The company is entitled to the exempts.on from the audit requirement contained in sedion 477 of the Companies Ad 2006, for the year ended 31 March 2025. The directors acknowledge their respongbilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of rts financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance wth the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on ...... Mrs Denise Scott Trustee Company registration number (England and l*les)
CURLY TAILS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Accountlng conventlon The financial statements have been prepared under the historical cost convention and in acrdanCe with the Charity's goveming document. the Charities Act 2011, Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the requirements of the Statement of Recommended Practice and Reporting by Charities. The financial ststements are prepared in sterfing, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost conventK)n. [modified to include the revaluation of freehold properties and to indude investment properties arKI certain financial instrLments at fair value]. The principal accounting policies adopted are set oui below. 1.2 Golng concern At the time of approving the financial statements. the Twstees have a reaSonae expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the goirvJ concern basis of accounting in preparing the financial ststements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specthc condth.ons by donors that the capital must be maintained by the Charity. 1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On the Charty has been notified of the donab'on, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations reiVed under Gfft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt OT Otherwise rf the Charity has been notffied of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once the is a legal or constructive obligation to transfer economic benefit to a third paty. it is probable that a transfer of onoMiC beneffts wll be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activty are made up of the lotal of dir&t costs 2nd shared costs, including support costs inVoed in undertaking each activity. Direct costs attributale to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of reSoUrs. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
CURLY TAILS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) 1.6 Tanglble fixed assets Tangible fixed assets are inrtially measured at o)st and subsequenty measured at cost or valuation, net of depreciation and any impaimierrt losses. Depreciation is recognised so as to wite off cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment Computers Motor vehides 25% on cost 25% on cost 25% I cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of ffinancial activriies. 1.7 Impairnient of fixed assets At each reporting end date, the Charity reviews the carrying amounts of its tsngible assets to deterniine whether there is any indication that those assets have SLrffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call wtth banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shovm within t)orrowings in current liabilrties. 1.9 Taxatlon The charity is exempt from tax on all irs charitable activities. 1.10 Employee beneffts The cost of any unused holiday enternent is recognised in the period in which the employee's services are received. Temiination benefjts are recognised immediately as an expense ¥%t)en the Charity is demonstrably committed to terminate the employment of an employee or to provide temiination beneffts. 1.11 Retlrement benefits Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. crftlcal accountlng estlmates and Judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumpts.ons are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects lY that period, or in the period of the revision and future periods where the revision affects both current and future periods.
CURLY TAILS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and pig sponsorship Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Gift aid Grants received 57,623 19.574 19,000 57,623 19,574 45,615 51,802 17.679 5,616 51,602 17.679 14,116 26,615 8,500 96,197 26,615 122,812 74.897 8,500 83,397 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest re1vable 427 314 Expenditure on raising fvnds Unrestrfcted Unrestrlcted funds funds 2025 2024 Fundraising and publicity Advertising Other fundraising costs 23.262 1,897 8,349 25,159 8,349 Trading costs Support costs 1,440 Totsl costs 26.599 8,349 Net movement In funds 2025 2024 The net movement in funds is stated after chargingl(crediting): Depreciation of owned tangible fixed assets 3,780 Trustees Expenses None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
CURLY TAILS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustses Expenses (Contlnued The charity paid rent of £30,000 to the Trustee for use of the land, barns and offi, where the animals are cared for. This is considered to tE equal to the market value rent for the property. A small amount of OLrt of pocket expenses were repaid to the Trustee in the period. Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Total Employment costs 2025 2024 V*Pdges and salaries Other pensiw costs 32,975 21,836 2,016 33,942 23,852 Other expendlture Unrostricted Unrestrlcted funds funds 2025 2024 Financing costs Other expenditure 251 624 710 251 10 Taxatlon The charty is exempt from taxation on its activities because all its income is applied ft)r charitable purposes.
CURLY TAILS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tanglble fixed assets Plant and ewIent Computgls Motor vehlcles Total Cost At 1 April 2024 Additions 14.517 3,731 6,878 2,950 25,126 2.950 At 31 March 2025 14.517 3,731 9,828 28.076 Depreciation and Impalmnt At 1 April 2024 Depreciation charged in the year 8,171 1,586 1,774 1,002 4,404 1,356 14,349 3.944 At 31 March 2025 9.757 2.776 5,760 18.293 Carrying amount At 31 March 2025 4,760 955 4,068 9,783 At 31 March 2024 6,346 1,957 2,474 10,777 12 Debtors 2025 2024 Amounts falllng due wlthln one year Prepayments and accrued income 2,348 2,501 13 Loans and overdrafts 2025 2024 Bank loans 2,333 1,665 Payable within one year 2,333 1,665 14 Credltors: amounts falllng due wlthln one year 2025 2024 Bank loans Other taxation and social security Accruals and deferred irthme 13 2.333 808 3,700 1,665 3,700 6.841 5,365 -10-
CURLYTAILS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Retlrement benefft schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 967 2,016 The Chaiity operates a defined contrtbution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independenUy administered fund. 16 Restrfctod funds The restricted funds of the charity comprise the unexpended balan$ of donations and grants held on trust subject to specific condrtions by donors as to how they may be used. At 1 Aprll 2024 Incomlng rnsources Resources expended Transfers Gains and At 31 March losses 2025 Classroom project Rothschild project MK Communty Farhive 8.000 9,615 9,000 {8.000} (9,615) 9,000 26,615 (17,615) 9,096 Prevlous year: At 1 April 2023 Incomlng resources Resources expended Transfers Galns and At 31 March losses 2024 Classroom project Rothschild project 260 (164) 96 8.500 (8,500) 260 8.500 (8,664) 96 17 Analysis of net assets between funds untrIcted funds 2026 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsl(liallitles) 9,687 70,341 9,783 79,341 9.000 80,028 9,096 89,124 11
CURLY TAILS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analysis of net assets between funds (Continued) Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilits'es) 10,681 27,640 10,777 27,640 38,321 38,417 18 Unrestrlcted funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants vthich are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds vthich have been set aside out of unrestn'cted funds by the trustees for specific purposes. At 1 Aprll 2024 Incomlng resources Resources At 31 March expended 2025 General funds 38.321 209,081 (167,374) 80,028 Previous year: At 1 Aprfl 2023 Incoming resources Resources At 31 March expended 2024 General funds 53.708 127,387 (142,774) 38.321 19 Related party transactions There were no disclosable related paty transactions during the year (2024 - none). 12-