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 2021
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 2021
| 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 | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
MABLETHORPE WILDLIFE RESCUE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
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 2021. 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 several times. As a result of this shop takings for the year fell from £72,294 in 2019 to £55,744 in 2020 to £48,250 in 2021. We continued to have support from the public during this year and our donations received were £19,384 (2020 £28,999). In addition to this we received £12,336 in grants from the local council (2020 £10,000).
Our resources expended in the year at £73,399 remained in line with the £76,490 expended in the prior year.
Overall we have net income over expenditure for this year of £6,588 (2020 £18,253).
This together with the excess income last year has allowed us to spend £26,209 on a new van and equipment for the charity.
Page 1
MABLETHORPE WILDLIFE RESCUE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
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 2021, the balance held as unrestricted funds was £97,787. Actual three month cash payments total approximately £18,500, 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 (resigned 1.4.2022) A Hollingsworth G S Crimes (resigned 12.10.2021) Mrs M Watson Butcher
Independent Examiner
Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB
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MABLETHORPE WILDLIFE RESCUE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
REFERENCE AND ADMINISTRATIVE DETAILS Bankers
Barclays Bank PLC 65 Lumley Road Skegness PE25 3LU
Approved by order of the board of trustees on 22 May 2022 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 2021.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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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
-
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 MAAT Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB
23 May 2022
Page 4
MABLETHORPE WILDLIFE RESCUE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,384 Other trading activities 2 48,250 Investment income 3 17 Other income 12,336 Total 79,987 EXPENDITURE ON Other 26,721 Charitable activities Rescue 46,678 Other - Total 73,399 NET INCOME 6,588 RECONCILIATION OF FUNDS Total funds brought forward 91,199 TOTAL FUNDS CARRIED FORWARD 97,787 |
2020 Total funds £ 28,999 55,744 - 10,000 94,743 28,980 47,550 (40) 76,490 18,253 72,946 91,199 |
|---|---|
The notes form part of these financial statements
Page 5
MABLETHORPE WILDLIFE RESCUE
BALANCE SHEET 31 AUGUST 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 91,314 CURRENT ASSETS Debtors 9 929 Cash at bank and in hand 35,956 36,885 CREDITORS Amounts falling due within one year 10 (30,412) NET CURRENT ASSETS 6,473 TOTAL ASSETS LESS CURRENT LIABILITIES 97,787 NET ASSETS 97,787 FUNDS 12 Unrestricted funds 97,787 TOTAL FUNDS 97,787 |
2020 Total funds £ 76,104 440 45,807 46,247 (31,152) 15,095 91,199 91,199 91,199 91,199 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.
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.
The notes form part of these financial statements
Page 6
continued...
MABLETHORPE WILDLIFE RESCUE
BALANCE SHEET - continued 31 AUGUST 2021
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 22 May 2022 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 2021
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 15% on reducing balance Motor vehicles - 25% on reducing balance
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.
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
3.
| Shop income INVESTMENT INCOME Bank interest received |
2021 £ 48,250 2021 £ 17 |
2020 £ 55,744 |
|---|---|---|
| 2020 £ - |
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 4,707 | 4,954 |
| Other operating leases | 13,062 | 13,062 |
| Surplus on disposal of fixed assets | (209) | - |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
continued...
Page 9
MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Trustees Volunteers No employees received emoluments in excess of £60,000. 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Other income Total EXPENDITURE ON Other Charitable activities Rescue Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 2020 6 6 10 10 16 16 Unrestricted fund £ 28,999 55,744 10,000 94,743 28,980 47,550 (40) 76,490 18,253 72,946 91,199 |
|---|---|
continued...
Page 10
MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| TANGIBLE FIXED ASSETS Freehold Plant and property machinery £ £ COST At 1 September 2020 56,314 21,128 Additions - 11,259 Disposals - (598) At 31 August 2021 56,314 31,789 DEPRECIATION At 1 September 2020 - 8,579 Charge for year - 3,739 Eliminated on disposal - (214) At 31 August 2021 - 12,104 NET BOOK VALUE At 31 August 2021 56,314 19,685 At 31 August 2020 56,314 12,549 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments |
Motor vehicles Totals £ £ 14,200 91,642 14,950 26,209 (12,600) (13,198) 16,550 104,653 6,959 15,538 968 4,707 (6,692) (6,906) 1,235 13,339 15,315 91,314 7,241 76,104 2021 2020 £ £ 929 440 |
|---|---|
8.
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
continued...
Page 11
MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Hire purchase (see note 11) | - | 1,361 | ||
| Trade creditors | 10,060 | 12,634 | ||
| Other creditors | 17,474 | 14,474 | ||
| Accrued expenses | 2,878 | 2,683 | ||
| 30,412 | 31,152 | |||
| 11. | LEASING AGREEMENTS | |||
| Minimum lease payments fall due as follows: | ||||
| Hire purchase | contracts | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Net obligations repayable: | ||||
| Within one year | - | 1,361 | ||
| Non-cancellable | ||||
| operating | leases | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Within one year | 13,500 | 13,500 | ||
| Between one and five years | 7,875 | 21,375 | ||
| 21,375 | 34,875 | |||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.20 | in funds | 31.8.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 91,199 | 6,588 | 97,787 | |
| TOTAL FUNDS | 91,199 | 6,588 | 97,787 |
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 79,987 | (73,399) | 6,588 |
| TOTAL FUNDS | 79,987 | (73,399) | 6,588 |
| Comparatives for 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 |
| Comparative 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 |
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 72,946 | 24,841 | 97,787 |
| TOTAL FUNDS | 72,946 | 24,841 | 97,787 |
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 | 174,730 | (149,889) | 24,841 |
| TOTAL FUNDS | 174,730 | (149,889) | 24,841 |
13. RELATED PARTY DISCLOSURES
Included in other creditors is a balance of £17,474 (2020 £14,474) 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 14
MABLETHORPE WILDLIFE RESCUE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 19,384 | 28,999 |
| Other trading activities | ||
| Shop income | 48,250 | 55,744 |
| Investment income | ||
| Bank interest received | 17 | - |
| Other income | ||
| ELDC grant | 12,336 | 10,000 |
| Total incoming resources | 79,987 | 94,743 |
| EXPENDITURE | ||
| Other trading activities | ||
| Fundraising events | 96 | 96 |
| Wages | 9,665 | 10,241 |
| Other operating leases | 13,062 | 13,062 |
| Rates & water | 1,806 | 1,537 |
| Light & heat | 1,794 | 3,171 |
| Post & stationery | 62 | 635 |
| Telephone | 236 | 238 |
| 26,721 | 28,980 | |
| Charitable activities | ||
| Animal feed & vet fees | 32,185 | 34,183 |
| Shop purchases | 1,319 | 693 |
| 33,504 | 34,876 | |
| Support costs | ||
| Management | ||
| Motor and travel expenses | 1,694 | 3,128 |
| Carried forward | 1,694 | 3,128 |
This page does not form part of the statutory financial statements
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MABLETHORPE WILDLIFE RESCUE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Brought forward | 1,694 | 3,128 |
| Sundries | 50 | 279 |
| Repairs & renewals | 5,157 | 2,181 |
| Plant and machinery depreciation | 3,740 | 2,718 |
| Motor vehicle depreciation | 968 | 2,236 |
| (Gain)/Loss on sale of tangible fixed assets | (209) | - |
| 11,400 | 10,542 | |
| Other 3 | ||
| Hire purchase | 262 | 630 |
| Governance costs | ||
| Accountancy and legal fees | 1,512 | 1,462 |
| Total resources expended | 73,399 | 76,490 |
| Net income | 6,588 | 18,253 |
This page does not form part of the statutory financial statements
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