REGISTERED CHARITY NUMBER: 1173244
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
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 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Cash Flow Statement | 7 |
| Notes to the Cash Flow Statement | 8 |
| Notes to the Financial Statements | 9 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
MABLETHORPE WILDLIFE RESCUE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024 set out on pages five to fifteen.
OBJECTIVES AND ACTIVITIES
Mablethorpe Wildlife Rescue is a Charitable Incorporated Organisation (CIO) registered on 1 June 2017. The organisation is governed by a constitution.
We are Mablethorpe's leading charity wildlife rescue rehabilitation centre for the rescue and release of wildlife.
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).
STRATEGIC REPORT
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.
From February 2024 the charity has leased the zoo and car park from Mablethorpe Seal Sanctuary Limited and has obtained additional funding through the zoo entry fees, car park takings and gift aid receipts.
Over the year, the money raised through the zoo entry fees, car park takings, gift aid receipts, charity shop and donations have paid for various things listed below:
Vets bills Food Bills Rent of the charity Shop (high street) and the zoo Utilities for shop (high street) and Zoo Wages
Financial review
Financial position
Shop takings for the year increased slightly from £101,786 in 2023 to £105,992 this current year.
Gate takings for the zoo for the period from 1 February 2024 were £334,545, and car park takings for this period were £13,666.
We continued to have support from the public during this year and our donations received were £124,154 (2023 £12,634). .
In addition we have also received £42,852 of gift aid receipts.
Resources expended in the year were £437,727 compared to £120,060 expended in the prior year.
Overall we have net income over expenses for the year of £176,412 (2023 net expenses over income for of £5,483).
Reserves policy
The trustees aim to maintain the reserves at a minimum of three months worth of future charitable expenditure. As at 31 August 2024, the balance held as unrestricted funds was £301,772.. Actual three month cash payments total approximately £176,412, which show the current level of reserves is enough to cover three months worth of charitable expenditure.
The zoo gate takings and 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.
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MABLETHORPE WILDLIFE RESCUE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Future plans
Our search for further funding for the services we provide continues..
As of November 2024 the Charity gained additional funding though the zoo gift shop 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.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is constituted as a Charitable Incorporated Organisation and the governing document is its constitution.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1173244
Registered office
Quebec Road North End Mablethorpe Lincolnshire LN12 1QG
Trustees
D Drew Mrs C Drew A Hollingsworth (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 Lincolnshire LN11 9NB
Bankers
Barclays Bank PLC 65 Lumley Road Skegness PE25 3LU
Page 2
MABLETHORPE WILDLIFE RESCUE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees on 25 June 2025. and signed on the board's 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 Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
Having satisfied myself that the accounts of the Charity are not required to be audited 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, 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:
-
accounting records were not kept in respect of the Charity or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Charities Act 2011 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 (FRS102)
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
Date: 25 June 2025
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MABLETHORPE WILDLIFE RESCUE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 124,155 Other trading activities 3 454,203 Investment income 4 490 Other income 43,052 Total 621,900 EXPENDITURE ON Other 5 62,636 Charitable activities 6 Rescue 375,091 Total 437,727 NET INCOME/(EXPENDITURE) 184,173 RECONCILIATION OF FUNDS Total funds brought forward 117,599 TOTAL FUNDS CARRIED FORWARD **301,772 ** |
2023 Total funds £ 12,634 101,786 157 - 114,577 64,825 55,235 120,060 (5,483) 123,082 117,599 |
|---|---|
The notes form part of these financial statements
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MABLETHORPE WILDLIFE RESCUE REGISTERED CHARITY NUMBER 1173244 BALANCE SHEET 31 AUGUST 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 12 89,928 CURRENT ASSETS Debtors 13 115,163 Cash at bank and in hand 230,573 345,736 CREDITORS Amounts falling due within one year 14 (133,892) NET CURRENT ASSETS 211,844 TOTAL ASSETS LESS CURRENT LIABILITIES 301,772 NET ASSETS 301,772 FUNDS 15 Unrestricted funds 301,772 TOTAL FUNDS **301,772 ** |
2023 Total funds £ 90,530 3,489 47,654 51,143 (24,074) 27,069 117,599 117,599 117,599 117,599 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 June 2025 and were signed on its behalf by:
............................................. D Drew - Trustee
The notes form part of these financial statements
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MABLETHORPE WILDLIFE RESCUE
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ 189,358 189,358 (6,929) 490 (6,439) 182,919 47,654 230,573 |
2023 £ (6,846) (6,846) (15,450) 157 (15,293) (22,139) 69,793 47,654 |
|---|---|---|
The notes form part of these financial statements
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operations |
2024 £ 184,173 7,531 (490) (111,674) 109,818 189,358 |
2023 £ (5,483) 7,781 (157) (775) (8,212) (6,846) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.9.23 | Cash flow | At 31.8.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | **47,654 ** | 182,919 | 230,573 |
| **47,654 ** | 182,919 | 230,573 | |
| Total | **47,654 ** | 182,919 | 230,573 |
The notes form part of these financial statements
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the Charity, 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'.The financial statements have been prepared under the historical cost convention.
In preparing the financial statements the Charity follows best practice as laid down in the statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2019) and the Charities Act. The Charity constitutes a public benefit entity as defined by FRS102.
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.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charities pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES |
||
|---|---|---|
| Donations 3. OTHER TRADING ACTIVITIES Shop income Gate takings Car park takings 4. INVESTMENT INCOME Bank interest received 5. OTHER Other trading activities Staff costs Other operating leases Rates & water Light & heat Post & stationery Telephone Insurance Charity shop purchases Repairs and renewals |
2024 £ 124,155 2024 £ 105,992 334,545 13,666 454,203 2024 £ 490 2024 £ 24,150 19,200 250 3,053 258 848 585 1,310 12,982 62,636 |
2023 £ 12,634 2023 £ 101,786 - - 101,786 2023 £ 157 2023 £ 23,321 15,169 1,756 5,746 234 229 532 1,440 16,398 64,825 |
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
| 6. CHARITABLE ACTIVITIES COSTS Rescue 7. SUPPORT COSTS Finance £ Rescue 5,345 8. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases 9. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries |
Support Direct costs (see Costs note 7) £ £ 343,075 32,016 Governance Other costs £ £ 17,784 8,887 2024 £ 7,531 30,867 2024 £ 46,043 |
Totals £ 375,091 Totals £ 32,016 2023 £ 7,781 15,169 2023 £ - |
||
|---|---|---|---|---|
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Trustees Employees |
2024 £ 212,018 7,305 2,814 222,137 2024 2 15 17 |
2023 £ 23,321 - - 23,321 2023 3 - 3 |
||
|---|---|---|---|---|
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 2024
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||||
|---|---|---|---|---|---|
| fund | |||||
| £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 12,634 | ||||
| Other trading activities | 101,786 | ||||
| Investment income | 157 | ||||
| Total | 114,577 | ||||
| EXPENDITURE ON | |||||
| Other | 64,825 | ||||
| Charitable activities | |||||
| Rescue | 55,235 | ||||
| Total | 120,060 | ||||
| NET INCOME/(EXPENDITURE) | (5,483) | ||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 123,082 | ||||
| TOTAL FUNDS CARRIED FORWARD | 117,599 | ||||
| 12. | TANGIBLE FIXED ASSETS | ||||
| Freehold | Plant and | Motor | |||
| property | machinery | vehicles | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 September 2023 | 56,314 | 33,839 | 26,945 | 117,098 | |
| Additions | - | 6,929 | - | 6,929 | |
| At 31 August 2024 | 56,314 | 40,768 | 26,945 | 124,027 | |
| DEPRECIATION | |||||
| At 1 September 2023 | - | 17,674 | 8,894 | 26,568 | |
| Charge for year | - | 3,018 | 4,513 | **7,531 ** | |
| At 31 August 2024 | - | **20,692 ** | 13,407 | 34,099 | |
| NET BOOK VALUE | |||||
| At 31 August 2024 | 56,314 | 20,076 | 13,538 | 89,928 | |
| At 31 August 2023 | 56,314 | 16,165 | 18,051 | 90,530 |
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade debtors Other debtors VAT Prepayments |
2024 £ 25,029 59,120 - 31,014 115,163 |
2023 £ - 1,638 1,166 685 |
| 3,489 |
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes VAT Other creditors Pensions Net wages Accrued expenses 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 |
2024 2023 £ £ 38,344 8,521 5,249 - 21,624 - 27,835 11,785 6,566 - 24,728 - 9,546 3,768 133,892 24,074 Net movement At At 1.9.23 in funds 31.8.24 £ £ £ 117,599 184,173 301,772 117,599 184,173 301,772 Incoming Resources Movement resources expended in funds £ £ £ 621,900 (437,727) 184,173 621,900 (437,727) 184,173 |
|---|---|
15. MOVEMENT IN FUNDS
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
15. 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 1.9.22 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) |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.9.22 in funds £ £ 123,082 178,690 123,082 178,690 |
At 31.8.24 £ 301,772 301,772 |
|---|---|---|
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 £ 736,477 736,477 |
Resources Movement expended in funds £ £ (557,787) 178,690 (557,787) 178,690 |
|---|---|---|
continued...
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MABLETHORPE WILDLIFE RESCUE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
16. RELATED PARTY DISCLOSURES
Included in other creditors is a balance of £27,835 (2023 - £11,785) owed from Mablethorpe Seal Sanctuary Limited, of which Mr D Drew and Mrs C Drew are Directors. No interest is being charged on this balance.
The charity shop being used by the charity is owned by Mr D Drew, one of the trustees. During this year the charity paid £19,200 (2023 £15,425) in rent to Mr D Drew.
The zoo and car park being used by the charity from 1 February 2024 are being leased from Mablethorpe Seal Sanctuary Limited. During this period the lease charges were £11,667.
Included in trade debtors is £25,029, and in other debtors is £25,624 relating to Mablethorpe Seal Sanctuary Limited in respect of purchases which have been recharged.
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MABLETHORPE WILDLIFE RESCUE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Shop income Gate takings Car park takings Investment income Bank interest received Other income Other income Gift aid Total incoming resources EXPENDITURE Other trading activities Wages Other operating leases Rates & water Light & heat Post & stationery Telephone Insurance Charity shop purchases Repairs and renewals Charitable activities Trustees' salaries Wages Social security Pensions Other operating leases Rates and water Insurance Carried forward |
2024 £ 124,155 105,992 334,545 13,666 454,203 490 200 42,852 43,052 621,900 24,150 19,200 250 3,053 258 848 585 1,310 12,982 62,636 46,043 141,825 7,305 2,814 11,667 8,467 7,290 225,411 |
2023 £ 12,634 101,786 - - 101,786 157 - - - 114,577 23,321 15,169 1,756 5,746 234 229 532 1,440 16,398 64,825 - - - - - - - - |
|---|---|---|
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 2024
| Charitable activities Brought forward Light and heat Animal feed & vet fees Repairs and renewals Support costs Finance Bank charges Other Sundries Motor and travel expenses Advertising Software Licences Plant and machinery Motor vehicles Governance costs Accountancy Legal fees Total resources expended Net income/(expenditure) |
2024 £ 225,411 16,390 69,587 31,687 343,075 5,345 4,439 4,447 84 1,283 3,018 4,513 17,784 8,887 - 8,887 437,727 184,173 |
2023 £ - - 38,982 - 38,982 - 2,225 3,407 - - 3,101 4,681 13,414 2,094 745 2,839 120,060 (5,483) |
|---|---|---|
This page does not form part of the statutory financial statements
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