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 2023
FOR
MABLETHORPE WILDLIFE RESCUE
Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth LN11 9NB
MABLETHORPE WILDLIFE RESCUE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
MABLETHORPE WILDLIFE RESCUE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023
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 2023. 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
Shop takings for the year decreased from £106,625 in 2022 to £101,786 in this current year. We continued to have support from the public during this year and our donations received were £12,634 (2022 £11,400). .
Resources expended in the year were £120,060 compared to £92,732 expended in the prior year.
Overall we have net expenses over income for this year of £5,483 (2022 net income over expenditure for this year of £25,295).
Reserves policy
The trustees aim to maintain the reserves at a minimum of three months worth of future charitable expenditure. As at 31 August 2023, the balance held as unrestricted funds was £117,599. Actual three month cash payments total approximately £30,100, 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 in the past our funding has relied solely on donations and charity shop income, therefore the search for further funding for the services we provide shall continue.
As of February 2024 the Charity gained additional funding though the zoo entry fee and gift aid to further increase the revenue stream of the Charity.
In addition to this the Charity still continues to receive beneficiary donations, which will help with the future plans for the charity's zoo going forward.
Page 1
MABLETHORPE WILDLIFE RESCUE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023
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 A Hollingsworth (appointed 15.4.2023) (resigned 31.12.2023) M Woodcock (appointed 23.1.2024) B Hutchinson (appointed 22.1.2024) Mrs C Martin (appointed 22.1.2024) M Chambers (appointed 3.10.2023)
Independent Examiner
Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth LN11 9NB
Bankers
Barclays Bank PLC 65 Lumley Road Skegness PE25 3LU
Approved by order of the board of trustees on 28 May 2024 and signed on its behalf by:
D Drew - Trustee
Page 2
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 2023.
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
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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
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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 LN11 9NB
28 May 2024
Page 3
MABLETHORPE WILDLIFE RESCUE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,634 Other trading activities 2 101,786 Investment income 3 157 Total 114,577 EXPENDITURE ON Other 46,455 Charitable activities Rescue 73,605 Total 120,060 NET INCOME/(EXPENDITURE) (5,483) RECONCILIATION OF FUNDS Total funds brought forward 123,082 TOTAL FUNDS CARRIED FORWARD 117,599 |
2022 Total funds £ 11,400 106,625 2 |
|---|---|
| 118,027 | |
| 37,730 55,002 |
|
| 92,732 | |
| 25,295 97,787 |
|
| 123,082 |
The notes form part of these financial statements
Page 4
MABLETHORPE WILDLIFE RESCUE
BALANCE SHEET 31 AUGUST 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 90,530 CURRENT ASSETS Debtors 9 3,489 Cash at bank and in hand 47,654 51,143 CREDITORS Amounts falling due within one year 10 (24,074) NET CURRENT ASSETS 27,069 TOTAL ASSETS LESS CURRENT LIABILITIES 117,599 NET ASSETS 117,599 FUNDS 12 Unrestricted funds 117,599 TOTAL FUNDS 117,599 |
2022 Total funds £ 82,861 2,714 69,793 72,507 (32,286) 40,221 123,082 123,082 123,082 123,082 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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
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(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 28 May 2024 and were signed on its behalf by:
D Drew - Trustee
The notes form part of these financial statements
Page 5
MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| Shop income INVESTMENT INCOME Bank interest received NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases Deficit on disposal of fixed assets |
2023 £ 101,786 2023 £ 157 2023 £ 7,781 15,169 - |
2022 £ 106,625 |
|
| 2022 £ 2 2022 £ 6,543 13,062 505 |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Trustees Employees Volunteers |
2023 3 3 12 18 |
2022 3 2 9 14 |
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||||
|---|---|---|---|---|---|
| fund | |||||
| £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 11,400 | ||||
| Other trading activities | 106,625 | ||||
| Investment income | 2 | ||||
| Total | 118,027 | ||||
| EXPENDITURE ON | |||||
| Other | 37,730 | ||||
| Charitable activities | |||||
| Rescue | 55,002 | ||||
| Total | 92,732 | ||||
| NET INCOME | 25,295 | ||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 97,787 | ||||
| TOTAL FUNDS CARRIED FORWARD | 123,082 | ||||
| 8. | TANGIBLE FIXED ASSETS | ||||
| Freehold | Plant and | Motor | |||
| property | machinery | vehicles | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 September 2022 | 56,314 | 30,384 | 14,950 | 101,648 | |
| Additions | - | 3,455 | 11,995 | 15,450 | |
| At 31 August 2023 | 56,314 | 33,839 | 26,945 | 117,098 | |
| DEPRECIATION | |||||
| At 1 September 2022 | - | 14,573 | 4,214 | 18,787 | |
| Charge for year | - | **3,101 ** | 4,680 | **7,781 ** | |
| At 31 August 2023 | - | 17,674 | **8,894 ** | 26,568 | |
| NET BOOK VALUE | |||||
| At 31 August 2023 | 56,314 | 16,165 | **18,051 ** | 90,530 | |
| At 31 August 2022 | 56,314 | 15,811 | 10,736 | 82,861 |
continued...
Page 8
MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors VAT Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accrued expenses 11. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as Within one year 12. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
2023 2022 £ £ 1,638 - 1,166 1,919 685 795 3,489 2,714 2023 2022 £ £ 8,521 10,138 11,785 20,474 3,768 1,674 24,074 32,286 follows: 2023 2022 £ £ - 7,875 Net movement At At 1.9.22 in funds 31.8.23 £ £ £ 123,082 (5,483) 117,599 123,082 (5,483) 117,599 Incoming Resources Movement resources expended in funds £ £ £ 114,577 (120,060) (5,483) 114,577 (120,060) **(5,483) ** |
|---|---|
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 1.9.21 in funds 31.8.22 £ £ £ 97,787 25,295 123,082 97,787 25,295 123,082 Incoming Resources Movement resources expended in funds £ £ £ 118,027 (92,732) 25,295 118,027 (92,732) 25,295 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.9.21 in funds £ £ 97,787 19,812 97,787 19,812 |
At 31.8.23 £ 117,599 117,599 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 232,604 232,604 |
Resources Movement expended in funds £ £ (212,792) 19,812 (212,792) 19,812 |
|---|---|---|
continued...
Page 10
MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
13. RELATED PARTY DISCLOSURES
Included in other creditors is a balance of £11,785 (2022 £20,474) 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.
During this year the shop being used by the charity was purchased by Mr D Drew, one of the trustees. During this year the charity paid £15,425 (2022 £9,000) in rent to Mr D Drew.
Page 11
MABLETHORPE WILDLIFE RESCUE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Shop income Investment income Bank interest received Total incoming resources EXPENDITURE Other trading activities Fundraising events Wages Other operating leases Rates & water Light & heat Post & stationery Telephone Charitable activities Insurance Animal feed & vet fees Shop purchases Support costs Management Motor and travel expenses Sundries Repairs & renewals Plant and machinery depreciation Motor vehicle depreciation (Gain)/Loss on sale of tangible fixed assets Finance Bank charges |
2023 £ 12,634 101,786 157 114,577 - 23,321 15,169 1,756 5,746 234 229 46,455 532 38,982 1,440 40,954 3,407 2,225 16,398 3,101 4,681 - 29,812 - |
2022 £ 11,400 106,625 2 118,027 226 18,715 13,062 2,390 2,906 195 236 37,730 - 33,295 2,280 35,575 4,832 242 5,086 2,964 3,579 505 17,208 239 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
MABLETHORPE WILDLIFE RESCUE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| Finance Governance costs Accountancy and legal fees Legal fees Total resources expended Net (expenditure)/income |
2023 £ 2,094 745 2,839 120,060 **(5,483) ** |
2022 £ 1,128 852 1,980 92,732 25,295 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13