Charity Registration No. 1172162
Company Registration No. 10380357 (England and Wales)
THE SHEFFIELD CATS SHELTER
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
THE SHEFFIELD CATS SHELTER
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees J Gurr J Blair-Clarke C Cawley E Oddy Charity number 1172162 Company number 10380357 Registered office 1 Travis Place Sheffield S10 2DB Independent examiner Knowles Warwick Limited Charlotte House 500 Charlotte Road Sheffield S2 4ER Bankers Yorkshire Bank Fargate Sheffield S1 1LL
(Appointed 19 August 2020) (Appointed 10 February 2021)
THE SHEFFIELD CATS SHELTER
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Statement of trustees' responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 17 |
THE SHEFFIELD CATS SHELTER
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2021
The trustees present their report and financial statements for the year ended 30 June 2021.
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 charity's governing document, 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)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charity's objects are to relieve and prevent the suffering and distress amongst cats in need of care and attention and to promote the welfare of cats.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The shelter has faced another year of challenging circumstances due to the COVID19 pandemic, which have significantly impacted our Shelter operations, as well as the main income streams from our two charity shops, which once again closed for part of the year due to national lockdown measures.
Despite continued challenges, the shelter supported Sheffield cats in need through another uncertain year thanks to the continued dedication and hard work of our management team, core shelter staff, volunteers and amazing fosterers.
Additionally, the core and volunteer staff in our Hillsborough and Ecclesall Road shops worked tirelessly to ensure our retail income quickly bounced back - and even increased monthly income compared to previous years.
We are so pleased to finally welcome back our invaluable army of volunteers, both in the shops and at the shelter, who support our core teams to achieve incredible standards of cat care and customer service.
The Trustees are deeply thankful to everyone who supported the Shelter through this year, whether with donated money, goods, or their much appreciated time. We now look to the future with a renewed sense of hope and excitement for what the shelter can achieve with such strong support behind it.
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THE SHEFFIELD CATS SHELTER
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
Financial review
The Income for the year to 30 June 2021 was £302,567 (compared to £306,295 for the year to 30 June 2020). This figure includes legacies of £16,449 (2020 - £66,611) for which we are very grateful.
This financial year has once again been a challenge due to the ongoing COVID19 pandemic. Adoptions and fundraising opportunities were further reduced compared to 2020, but thanks to generous donations, regular subscribers and our loyal shop supporters, income has increased overall compared to the previous year. Our Ecclesall Road shop has been exceptionally busy thanks to an abundance of quality donations and increased footfall.
Despite a reduction in staff numbers, staffing costs are increased due to redundancy payments in the year. Significant changes aimed to streamline the charity and reduce costs in the medium term were actioned in the year and further work to close the gap between income and expenditure is ongoing.
Looking ahead, the management team and trustees are keen to explore additional sources of income by both running campaigns aimed at local businesses, and by ramping up our process for applying for grant funding in the current year.
However, behind the scenes a lot of work is still being done to address the Charity’s annual deficit and we remain more committed than ever to building a sustainable future.
It is worth noting that an emergency appeal, started at the beginning of lockdown, raised over £21,000 for the Charity via JustGiving and Facebook donations and we are incredibly grateful for this support.
It is the policy of the charity that unrestricted funds which have not been designated for a specific 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 will be able to continue the charity ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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THE SHEFFIELD CATS SHELTER
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
Structure, governance and management
The charity is a company limited by guarantee and is governed by its constitution .
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
R Howell (Resigned 6 April 2021) J Gurr J Blair-Clarke C Cawley (Appointed 19 August 2020) E Oddy (Appointed 10 February 2021)
Members of the charity appoint a committee of between three and twelve committee members who control the day to day activities of the charity. When considering co-opted Trustees, the committee has regard to the requirement for any specialist skills needed and wider experience of the charity sector.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The charity is governed by a committee of trustees appointed by members at the Annual Trustees' Meeting.
The trustees' r eport was approved by the Board of Trustees.
J Blair-Clarke
Chair Dated: 18 January 2022
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THE SHEFFIELD CATS SHELTER
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2021
The trustees, who are also the directors of The Sheffield Cats Shelter for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE SHEFFIELD CATS SHELTER
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE SHEFFIELD CATS SHELTER
I report to the trustees on my examination of the financial statements of The Sheffield Cats Shelter (the charity) for the year ended 30 June 2021.
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 financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act 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 Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
S D Knowles FCA Independent Examiner, for and behalf of Knowles Warwick Limited Chartered Accountants Charlotte House 500 Charlotte Road Sheffield S2 4ER
Dated: 18 January 2022
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THE SHEFFIELD CATS SHELTER
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2021
| Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income from: Donations and legacies 3 152,969 - Charitable activities 4 9,338 - Other trading activities 5 138,358 - Investments 6 1,902 - Total income 302,567 - Expenditure on: Raising funds 7 4,563 - Charitable activities 8 379,414 - Total resources expended 383,977 - Net outgoing resources (81,410) - Other recognised gains and losses Revaluation of tangible fixed assets 817 - Net movement in funds (80,593) - Fund balances at 1 July 2020 705,015 260 Fund balances at 30 June 2021 624,422 260 |
Total Unrestricted Restricted funds funds 2021 2020 2020 £ £ £ 152,969 164,619 - 9,338 4,049 - 138,358 135,920 - 1,902 1,707 - 302,567 306,295 - 4,563 5,132 - 379,414 380,655 - 383,977 385,787 - (81,410) (79,492) - 817 359,140 - (80,593) 279,648 - 705,275 425,367 260 624,682 705,015 260 |
Total 2020 £ 164,619 4,049 135,920 1,707 306,295 5,132 380,655 385,787 (79,492) 359,140 279,648 425,627 705,275 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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THE SHEFFIELD CATS SHELTER
BALANCE SHEET
AS AT 30 JUNE 2021
| Notes Fixed assets Tangible assets 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Income funds Restricted funds 17 Unrestricted funds General unrestricted funds Revaluation reserve |
2021 £ 315 29,368 249,575 279,258 (36,489) 264,465 359,957 |
£ 381,913 242,769 624,682 260 624,422 624,682 |
2020 £ 3,826 18,691 325,564 348,081 (27,732) 345,875 359,140 |
£ 384,926 320,349 705,275 260 705,015 705,275 |
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2021.
The directors acknowledge their responsibilities 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 its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 18 January 2022
J Blair-Clarke
Trustee
Company Registration No. 10380357
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
1 Accounting policies
Charity information
The Sheffield Cats Shelter is a private company limited by guarantee incorporated in England and Wales. The registered office is 1 Travis Place, Sheffield, S10 2DB.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's memorandum and articles of association, 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
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 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 specific conditions 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 once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified 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.
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable 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 between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Resources expended are recognised in the Statement of Financial Activities on an accruals basis.
Expenditure which is directly attributable to charitable activities has been included in this cost category.
Governance costs are those incurred in the management and operation of the charity, both as a charity and a limited company, such as regulatory compliance costs.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Freehold land and buildings | 5% straight line |
|---|---|
| Leasehold improvements | 33% straight line |
| Plant and equipment | 25% reducing balance |
| Fixtures and fittings | 25% reducing balance |
| Computers | 25% straight line |
| Motor vehicles | 25% straight line |
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 financial activities .
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell . Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
1 Accounting policies
(Continued)
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying 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 underlying assumptions 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 only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Donations and gifts | 80,414 | 67,256 |
| Legacies receivable | 62,863 | 88,854 |
| Membership fees | 9,692 | 8,509 |
| 152,969 | 164,619 |
4 Charitable activities
| Other income Other trading activities Fundraising events |
2021 2020 £ £ 9,338 4,049 UnrestrictedUnrestricted funds funds 2021 2020 £ £ 138,358 135,920 |
|---|---|
5 Other trading activities
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
| 6 7 |
Investments UnrestrictedUnrestricted funds funds 2021 2020 £ £ Interest receivable 1,902 1,707 Raising funds 2021 2020 £ £ Fundraising and publicity Advertising 181 84 Goods for resale 4,368 4,556 Fundraising and publicity 4,549 4,640 Trading costs Other trading activities 14 492 4,563 5,132 |
|---|---|
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
8 Charitable activities
| Staff costs Depreciation and impairment Rent, rates and water Vet and food expenses Electricity and gas Cleaning Bank charges and selling fees Motor and travelling expenses Legal and professional fees Telephone Staff training Insurance Postage, printing and stationery Repairs and renewals Miscellaneous expenses Accountancy Consultancy Computer costs Subscriptions Release of deferred income Analysis by fund Unrestricted funds For the year ended 30 June 2020 Unrestricted funds |
2021 £ 245,029 3,830 23,197 58,084 8,263 7,892 2,637 1,951 200 2,438 488 3,661 3,453 2,945 341 5,676 4,381 5,177 652 (881) 379,414 379,414 379,414 379,414 |
2020 £ 234,669 3,269 48,973 45,944 2,929 5,650 2,264 712 4,212 3,131 375 4,559 2,130 8,525 2,166 5,970 2,082 3,634 379 (918) 380,655 380,655 380,655 380,655 |
|---|---|---|
9 Governance costs
Governance costs includes payments to the auditors of £ 1,800 (20 20 - £ 1,720 ) f or independent examination fees.
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
11 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2021 Number 17 2021 £ 232,127 9,291 3,611 245,029 |
2020 Number 18 2020 £ 223,654 7,889 3,126 234,669 |
|---|---|---|
There were no employees whose annual remuneration was more than £60,000.
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
12 Tangible fixed assets
| Freehold land and buildings Leasehold improvements Plant and equipment Fixtures and fittings Computers Motor vehicles £ £ £ £ £ £ Cost or valuation At 1 July 2020 389,895 1,105 500 19,120 2,031 5,797 Revaluation 817 - - - - - At 30 June 2021 390,712 1,105 500 19,120 2,031 5,797 Depreciation and impairment At 1 July 2020 14,895 365 289 10,772 1,404 5,797 Depreciation charged in the year 817 365 53 2,087 508 - At 30 June 2021 15,712 730 342 12,859 1,912 5,797 Carrying amount At 30 June 2021 375,000 375 158 6,261 119 - At 30 June 2020 375,000 740 211 8,348 627 - |
Total £ 418,448 817 419,265 33,522 3,830 37,352 381,913 384,926 |
|---|---|
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
12 Tangible fixed assets
(Continued)
Land and buildings with a carrying amount of £15,860 were revalued at 30 June 2020 by the trustees. This was based on a valuation that was carried out by ELR, an independent valuer, on 10 February 2020.
On 30 June 2021 the trustees again revalued the property back to the original valuation of £375,000 based on 2 external valuations carried out by 2 independent valuers MJM Real Estate Limited and Staves Estate Agents Limited on 6 July 2021.
Both valuation s for 2020 and 2021 conform to International Valuation Standards and w ere based on recent market transactions on arm's length terms for similar properties.
| 13 Stocks Finished goods and goods for resale 14 Debtors Amounts falling due within one year: Prepayments and accrued income 15 Creditors: amounts falling due within one year Notes Other taxation and social security Deferred income 16 Trade creditors Other creditors Accruals and deferred income 16 Deferred income Other deferred income |
2021 £ 315 2021 £ 29,368 2021 £ (7,902) 20,579 11,822 271 11,719 36,489 2021 £ 20,579 |
2020 £ 3,826 2020 £ 18,691 2020 £ (7,442) 21,461 823 672 12,218 27,732 2020 £ 21,461 |
|---|---|---|
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THE SHEFFIELD CATS SHELTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021
17 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement | in funds | |||
|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 30 |
|
| July 2020 | resources | expended | June 2021 |
|
| £ | £ | £ | £ |
|
| Fundraising for garden renovation | 260 | - | - | 260 |
Restricted funds consist of the following:
Fundraising for the garden renovation that was collected in the year to 30 June 2018.
18 Analysis of net assets between funds
| Unrestricted Restricted 2021 2021 £ £ Fund balances at 30 June 2021 are represented by: Tangible assets 381,913 - Current assets/(liabilities) 242,509 260 624,422 260 |
Total 2021 £ 381,913 242,769 624,682 |
Total 2020 £ 384,926 320,349 705,275 |
|---|---|---|
19 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Total due | 219,000 | 254,500 |
20 Related party transactions
There were no disclosable related party transactions during the year (2020 - none) .
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