## **REGISTERED COMPANY NUMBER: 10325936 (England and Wales) REGISTERED CHARITY NUMBER: 1173244** **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020** ## **FOR** ## **MABLETHORPE WILDLIFE RESCUE** Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB **MABLETHORPE WILDLIFE RESCUE** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020** ||**Page**| |---|---| |**Report of the Trustees**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6 to 7| |**Notes to the Financial Statements**|8 to 15| |**Detailed Statement of Financial Activities**|16 to 17| ## **MABLETHORPE WILDLIFE RESCUE** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 AUGUST 2020** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of 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). We are Mablethorpe's leading charity wildlife rescue rehabilitation centre for the rescue and release of wildlife. ## **OBJECTIVES AND ACTIVITIES** The charity's objectives as stated in its governing documents are as follows: For the benefit of the public, to relieve the suffering of seals and seal pups in need of care and attention. In particular, to provide care and treatment to all local wildlife until such time as they can be safely released into the wild. To raise awareness and educate the public as to the seals' natural environment and welfare needs. In shaping our objectives for the period and planning our activities, the trustees have considered the charity Commission's guidance on public benefit, including the guidance Public benefit: running a charity (PB2). ## **ACHIEVEMENT AND PERFORMANCE** After the successful set up of the charity and the shop we have gained a huge support from the public and continue to aid in the care of wildlife. Over the period, the money raised through the charity shop and donations have paid for various things listed below: Vets bills Food Bills Rent of the charity Shop (high street) Utilities for shop (high street) and hospital onsite at the Zoo Wage for one staff member at the charity ## **FINANCIAL REVIEW** ## **Financial position** From March 2020 the charity's income was affected by the coronavirus pandemic, as the charity shop along with many other shops was forced to temporarily close. As a result of this our shop takings for the year fell from £72,294 in 2019 to £55,744. We did however gain support from the public and our donations received increased from £5,687 to £28,999. In addition to this we received a £10,000 grant from the local council. Our resources expended in the year at £76,490 remained in line with the £78,162 expended in the prior year. Overall we have net income over expenditure for this year of £18,253 compared to net expenditure over income last year of £181. This has allowed ut to move £20,000 into a reserve account to make sure that the charity will be able to continue its work into the future. Page 1 ## **MABLETHORPE WILDLIFE RESCUE** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 AUGUST 2020** ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees aim to maintain the reserves at a minimum of three months worth of future charitable expenditure. As at 31 August 2020, the balance held as unrestricted funds was £91,199. Actual three month cash payments total approximately £19,500, which show the current level of reserves is enough to cover three months worth of charitable expenditure. Our Charity shop, along with donations made by the public, are the main contribution to the survival and ongoing care we provide for the wildlife that comes into the centre. ## **FUTURE PLANS** We are aware that our funding currently relies solely on donations and charity shop income, therefore the search for further funding for the services we provide shall continue. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charity is constituted as a company limited by guarantee and the governing document is the articles of association. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered Company number** 10325936 (England and Wales) ## **Registered Charity number** 1173244 ## **Registered office** Quebec Road North End Mablethorpe Lincolnshire LN12 1QG ## **Trustees** D Drew Mrs C Drew Miss A Ellis A Hollingsworth G S Crimes Mrs M Watson Butler Page 2 **MABLETHORPE WILDLIFE RESCUE** ## **REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 AUGUST 2020** **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB **Bankers** Barclays Bank PLC 41 High Street Mablethorpe LN12 1AX Approved by order of the board of trustees on 27 May 2021 and signed on its behalf by: D Drew - Trustee Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MABLETHORPE WILDLIFE RESCUE** ## **Independent examiner's report to the trustees of Mablethorpe Wildlife Rescue ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** 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: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts 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 4. the accounts 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 accounts to be reached. Mr D Johnson AAT Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB 27 May 2021 Page 4 ## **MABLETHORPE WILDLIFE RESCUE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020** |**2020**
**Unrestricted**Total
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**28,999**
Other trading activities
2
**55,744**
Other income
**10,000**
**Total**
**94,743**
**EXPENDITURE ON**
Other
**28,980**
**Charitable activities**
Rescue
**47,550**
Other
**(40) **
**Total**
**76,490**
**NET INCOME/(EXPENDITURE)**
**18,253**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**72,946**
**TOTAL FUNDS CARRIED FORWARD**
**91,199**|2019

funds
£
5,687
72,294
-
77,981
30,825
47,337
-
78,162
(181)
73,127
72,946| |---|---| The notes form part of these financial statements Page 5 ## **MABLETHORPE WILDLIFE RESCUE** ## **BALANCE SHEET** ## **31 AUGUST 2020** |||**2020**|2019| |---|---|---|---| |||**Unrestricted**Total|| |||**fund**|funds| ||Notes|**£**|£| |**FIXED ASSETS**|||| |Tangible assets|6|**76,104**|79,458| |**CURRENT ASSETS**|||| |Debtors|7|**440**|238| |Cash at bank and in hand||**45,807 **|19,238| |||**46,247**|19,476| |**CREDITORS**|||| |Amounts falling due within one year|8|**(31,152)**|(24,627)| |**NET CURRENT ASSETS**||**15,095 **|(5,151)| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||**91,199**|74,307| |**CREDITORS**|||| |Amounts falling due after more than one year|9|**-**|(1,361)| |**NET ASSETS**||**91,199**|72,946| |**FUNDS**|11||| |Unrestricted funds||**91,199**|72,946| |**TOTAL FUNDS**||**91,199**|72,946| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements Page 6 continued... ## **MABLETHORPE WILDLIFE RESCUE** ## **BALANCE SHEET - continued** ## **31 AUGUST 2020** The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 27 May 2021 and were signed on its behalf by: D Drew - Trustee The notes form part of these financial statements Page 7 **MABLETHORPE WILDLIFE RESCUE** ## **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except in so far as they are incapable of financial measurement. Assets given for use by the charity are recognised as incoming resources for the year with the equivalent expenditure included in charitable expenditure. Where the donor intends the assets to be used on a continuing basis the expenditure has been treated as a fixed asset. Gifts in kind are included at their estimated value. No amounts are included in the financial statements for services donated by volunteers. Grants are included in income when they are receivable. Grants are considered to be receivable when there is evidence of entitlement, for example when the grant is formally expressed in writing and there are no conditions attached. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. continued... Page 8 ## **MABLETHORPE WILDLIFE RESCUE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** ## **FOR THE YEAR ENDED 31 AUGUST 2020** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. OTHER TRADING ACTIVITIES** Shop income |**2020**
**£**
**55,744**|2019
£
72,294| |---|---| ## **3. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): |Depreciation - owned assets
Other operating leases|**2020**
**£**
**4,954**
**13,062 **|2019
£
5,516
13,062| |---|---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019. continued... Page 9 ## **MABLETHORPE WILDLIFE RESCUE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020** |**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|| |---|---|---| |||Unrestricted| |||fund| |||£| ||**INCOME AND ENDOWMENTS FROM**|| ||Donations and legacies|5,687| ||Other trading activities|72,294| ||**Total**|77,981| ||**EXPENDITURE ON**|| ||Other|30,825| ||**Charitable activities**|| ||Rescue|47,337| ||**Total**|78,162| ||**NET INCOME/(EXPENDITURE)**|(181)| ||**RECONCILIATION OF FUNDS**|| ||**Total funds brought forward**|73,127| ||**TOTAL FUNDS CARRIED FORWARD**|72,946| continued... Page 10 ## **MABLETHORPE WILDLIFE RESCUE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** ## **FOR THE YEAR ENDED 31 AUGUST 2020** |**6.**
**TANGIBLE FIXED ASSETS**
Freehold
Plant and
property
machinery
£
£
**COST**
At 1 September 2019
**56,314**
**21,128**
Additions
**-**
**-**
At 31 August 2020
**56,314**
**21,128**
**DEPRECIATION**
At 1 September 2019
**-**
**5,861**
Charge for year
**-**
**2,718**
At 31 August 2020
**-**
**8,579**
**NET BOOK VALUE**
At 31 August 2020
**56,314**
**12,549**
At 31 August 2019
56,314
15,267
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments|Motor
vehicles
£
**12,600**
**1,600**
**14,200**
**4,723**
**2,236**
**6,959**
**7,241**
7,877
**2020**
**£**
**440**|Totals
£
**90,042**
**1,600**
**91,642**
**10,584**
**4,954 **
**15,538**
**76,104 **
79,458
2019
£
238| |---|---|---| Prepayments continued... Page 11 ## **MABLETHORPE WILDLIFE RESCUE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020** ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**2020**
**£**
Hire purchase (see note 10)
**1,361**
Trade creditors
**12,634**
Other creditors
**14,474**
Accrued expenses
**2,683**
**31,152**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2020**
**£**
Hire purchase (see note 10)
**-**|2019
£
3,267
5,926
12,294
3,140
24,627
2019
£
1,361| |---|---| ||| ## **9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** ## **10. LEASING AGREEMENTS** Minimum lease payments fall due as follows: ||**Hire purchase**|**contracts**| |---|---|---| ||**2020**|2019| ||**£**|£| |Net obligations repayable:||| |Within one year|**1,361**|3,267| |Between one and five years|**-**|1,361| ||**1,361**|4,628| ||**Non-cancellable**|| ||**operating**|**leases**| ||**2020**|2019| ||**£**|£| |Within one year|**13,500**|13,500| |Between one and five years|**21,375**|34,875| ||**34,875**|48,375| continued... Page 12 ## **MABLETHORPE WILDLIFE RESCUE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** ## **FOR THE YEAR ENDED 31 AUGUST 2020** ## **11. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||Net|| |||movement|At| ||At 1.9.19|in funds|31.8.20| ||£|£|£| |**Unrestricted funds**|||| |General fund|**72,946**|**18,253**|**91,199**| |**TOTAL FUNDS**|**72,946**|**18,253**|**91,199**| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|**94,743**|**(76,490)**|**18,253**| |**TOTAL FUNDS**|**94,743**|**(76,490) **|**18,253**| |**Comparatives for movement in funds**|||| |||Net|| |||movement|At| ||At 1.9.18|in funds|31.8.19| ||£|£|£| |**Unrestricted funds**|||| |General fund|73,127|(181)|72,946| |**TOTAL FUNDS**|73,127|(181)|72,946| continued... Page 13 ## **MABLETHORPE WILDLIFE RESCUE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** **FOR THE YEAR ENDED 31 AUGUST 2020** ## **11. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|77,981|(78,162)|(181)| |**TOTAL FUNDS**|77,981|(78,162)|(181)| A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.9.18|in funds|31.8.20| ||£|£|£| |**Unrestricted funds**|||| |General fund|73,127|18,072|91,199| |**TOTAL FUNDS**|73,127|18,072|91,199| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|172,724|(154,652)|18,072| |**TOTAL FUNDS**|172,724|(154,652)|18,072| continued... Page 14 ## **MABLETHORPE WILDLIFE RESCUE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020** ## **12. RELATED PARTY DISCLOSURES** Included in other creditors is a balance of £14,474 (2019 £12,294) owed to Mablethorpe Seal Sanctuary Limited, of which Mr D Drew and Mrs C Drew are Directors. No interest is being charged on this balance. Page 15 **MABLETHORPE WILDLIFE RESCUE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020** ||2020|2019| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|**28,999**|5,687| |**Other trading activities**||| |Shop income|**55,744**|72,294| |**Other income**||| |ELDC grant|**10,000**|-| |**Total incoming resources**|**94,743**|77,981| |**EXPENDITURE**||| |**Other trading activities**||| |Fundraising events|**96**|96| |Wages|**10,241**|12,257| |Other operating leases|**13,062**|13,062| |Rates & water|**1,537**|2,382| |Light & heat|**3,171**|3,005| |Post & stationery|**635**|23| |Telephone|**238**|-| ||**28,980**|30,825| |**Charitable activities**||| |Animal feed & vet fees|**34,876**|33,131| |**Support costs**||| |**Management**||| |Motor and travel expenses|**3,128**|1,447| |Sundries|**279**|2,684| |Repairs & renewals|**2,181**|2,424| |Plant and machinery depreciation|**2,718**|2,890| |Carried forward|**8,306**|9,445| This page does not form part of the statutory financial statements Page 16 ## **MABLETHORPE WILDLIFE RESCUE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020** ||2020|2019| |---|---|---| ||£|£| |**Management**||| |Brought forward|**8,306**|9,445| |Motor vehicle depreciation|**2,236**|2,626| ||**10,542**|12,071| |**Other 3**||| |Hire purchase|**630**|630| |**Governance costs**||| |Accountancy and legal fees|**1,462 **|1,505| |Total resources expended|**76,490**|78,162| |**Net income/(expenditure)**|**18,253**|(181)| This page does not form part of the statutory financial statements Page 17