**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:
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 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
- (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...
Page 7
**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...
Page 9
**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