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2022-05-31-accounts

CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trust￿31 membern of The Hugs Foundation On accounts for the y•ar •ndod 31 May 2022 Charlty no (If any) 1175633 S•t out on pago• fQli•ii•m￿ to thdud• th¢ p•o• numbern ol•d(ItioMI stte•tÈi I report to the tru8te88 on my examination of the accounts of the above charity (Ihe Trusf) for the year ended i i l-." Re8pon8lbllltles and ba818 of rnport AS the charity's trustees, you arè re8pon8ible for the preparation of the account$ in accordan(x with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Trust's accounts carried out urKler section 145 of the 2011 Act and in carying out my examlnation. I have lollowed all the ap￿Icable Directions given by the Charity Commis8ion under sects'on 145(5){bl of the Ac*. Indepondent The charity's gro88 Income exceeded £250.000 arKI l am qualified lo •xamineV• •tatemont undertake the éxamination by being a qualifth membor of The Institute of Chartered Accountants in England and Wale8. I have completed my examination. I confimi that no material matters havo come to my attention in wnnection with the examination which gives me cause to believe that in. any material respecl.. the accounting re¢ords were not kept in accordance with section 130 of the Charilies Act, or th8 accounts did not acco￿ with the accounting records., or the accounts did not comply with the applicable wuirements conceming the fomi and conlent of accounts set out in the Charities (Accounls and Reports) Regulations 2008 other than any requirement that Ihe accounts give a Irue and fairf view which 18 nol a matter considered as part of an indeFendent examinats'on. I have no 0)n￿rns and have come across no olhef 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 bB reached. . P18ase delete the words in the braokols rfthey do not apply. Slgnod: Date: Z2. Name: Mark Pnce IER 2018 Oct

Relevant professlonal quallficatlon{s) or body (If anyl: The Institute of Chartered Accountsnts in England and Wales Addre88: Park House, Headley Road. Woodley, Berkshire. RG5 4JB Section B Disclosure Only complete if the examiner needs lo highlight material matters of Concern {see CC32, Indep8ndent examination of chaiity accounts.. directions and guidance for examiners). IER 2018 Oct

Glve here brlef dotalls of any Items that the examiner wl8he8 to discIo80. IER 2018 Oct

Trustees’ Annual Report for the period

From 1[st] June 2021 Period start date To 31[st] May 2022 Period end date

Charity name: The Hugs Foundation

Charity registration number: 1175633

Objectives and Activities

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SORP reference
Summary of the purposes of Para 1.17 The Hugs Foundation is a horse rescue
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Objectives and Activities Objectives and Activities Objectives and Activities
SORP reference
Summary of the purposes of Para 1.17 The Hugs Foundation is a horse rescue
the charity as set out in its
governing document		 centre that provides well-being support to
children, young people, the elderly, serving
military personnel and veterans.
We rescue, rehabilitate and rehome
mistreated, sick, unwanted and abandoned
horses and ponies. Situated in a unique,
nurturing, safe environment, we provide for
a range of human well-being needs too,
including; social, emotional, physical and
mental health support, learning and
developmental needs, special educational
needs and disabilities (SEND), social
isolation, reengaging with education, school
transitions, transitions from military to
civilian life, bereavements, self-harm and
those at risk of suicide.
Our rescues each have their own
rehabilitation plan and many work
alongside our service users, where they
can both benefit and grow from spending
time with each other, making a positive
difference to both lives. Our multiple aims
and objectives include:

the rescue, rehabilitation and re-homing
of unwanted, sick, mistreated and
abandoned horses and ponies.

to promote humane behaviours towards
animals and educate the public in
positive animal welfare.

to work alongside other rescues and
organisations to make as big a
difference as possible to animal welfare.

to improve children and young people’s
social, emotional, physical and mental

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health and well-being through on-site
interventions.
 to decrease loneliness and increase
social inclusion and hope amongst the
elderly through visits to care homes.
 to improve the social, emotional,
physical and mental health and well-
being of serving military personnel and
veterans.
Summary of the main Para 1.17 and Our main charitable activities are to provide
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health and well-being through on-site
interventions.

to decrease loneliness and increase
social inclusion and hope amongst the
elderly through visits to care homes.

to improve the social, emotional,
physical and mental health and well-
being of serving military personnel and
veterans.		 health and well-being through on-site
interventions.

to decrease loneliness and increase
social inclusion and hope amongst the
elderly through visits to care homes.

to improve the social, emotional,
physical and mental health and well-
being of serving military personnel and
veterans.		 health and well-being through on-site
interventions.

to decrease loneliness and increase
social inclusion and hope amongst the
elderly through visits to care homes.

to improve the social, emotional,
physical and mental health and well-
being of serving military personnel and
veterans.
Summary of the main Para 1.17 and
 Our main charitable activities are to provide
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 1.19 a safe, nurturing and enriching environment
for our animal rescues, enabling us to
rehabilitate and rehome as many as
possible into a forever home and to provide
well-being support to those in need. We do
this by:

working alongside other rescues and
organisations including; World Horse
Welfare, the Mare & Foal Sanctuary, the
RSPCA, the police and local councils, to
rescue animals in need.

being active members of the National
Equine Welfare Council (NEWC).

rehabilitating rescue horses/ponies
through individual programmes using
ethical and empathic training techniques
to create positive experiences for our
rescues, enabling them to trust humans
and build their confidence.

finding the right match for our rescues
and their forever home.

attending events and open days to raise
awareness of the charity, educate the
public in animal welfare and human
well-being and promote positive animal
welfare.

providing well-being support through on-
site interventions to children, young
people, serving military personnel and
veterans. These interventions are set up
as a course of six sessions, with the
option to extend if needed, and have
been shaped by people with lived
experiences and experts in well-being,
learning and development. We provide
a unique mix of nature based
interventions together with mentoring
and workshops that can include; animal
assisted services, nature activities,
therapeutic learning, ecotherapy,
teambuilding, arts and crafts, forest
based activities, learning about
sustainability and practical skills, such
as horticulture and growing vegetables.

providing well-being visits for the
elderly, with our rescue animals, for
those that are unable to leave their
accommodation (e.g. care homes).
These visits bring the residents
something different to their usual routine
and something to look forward to.
Residents leave their rooms and
congregate in the social areas,
decreasing loneliness and increasing
social inclusion, happiness and hope.
For those that cannot leave their rooms,
our animals (usually Dude our super
star rescue), go to them. The smiles this
brings to people and feedback we
receive shows just how positive the
impact is on their well-being and Dude
is always keen to see the residents. We
constantly monitor our animal’s welfare
to ensure they are always happy and
healthy.
In April 2022, we were one of the first
organisations to be accepted onto the
Human Equine Interaction Register UK
(HEIR). There have been no regulations in
the UK to protect both the service users
that access organisations for support and
the equines that work in therapeutic
sessions, leaving both at risk of further
harm. The register has been created to
ensure all people involved in the field of
human equine interactions operate
credible, high quality, safe and ethical
practice standards for their service
provision. We are incredibly proud of this
achievement.
There have been 10 ponies returned to the
facility during this period, due to changes in
owner circumstances or the standard of
care not being delivered to the satisfaction
of The Hugs Foundation upon inspection.
We continue to provide care for those
returned to the Foundation and look to
rehome them again. Two of these ponies
had behavioural issues that their homes
were happy to try and work with them to
improve, although sadly they decided it was
too much. However, as they were such
lovely homes, they rehomed 2 alternative
ponies that are now fully settled.
The charity is fully insured. All staff and
volunteers are enhanced DBS checked, a
full safeguarding policy and procedures are
in place and updated regularly, as are our
other policies, such as equal opportunities.
Volunteers provide vital resource to the
charity through activities such as mucking
out, grooming and other essential yard
tasks, providing benefit to both visitor and
charity, although this has reduced due to
staffing capacity to manage a full team of
volunteers. See below section ‘contribution
made by volunteers’ for future plan.
A monthly newsletter continues to be
produced and sent to our supporters (who
have signed up in accordance with GDPR)
to keep them up to date with the activities
of the charity, promote our events and to
encourage donor engagement.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees are aware of the guidance
issued by the Charities Commission on
public benefit with regard to the need for
them to exercise their powers and duties
for the benefit of the public. Every trustee
has complied with their duty to have due
regard on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

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SORP reference
Para 1.38
Policy on grant making
Para 1.38
Policy on social investment
including program related
investment
Our volunteers are an essential asset to
Para 1.38 the charity. Volunteers undertake
Contribution made by important tasks such as mucking out,
volunteers grooming and essential groundwork that
helps keeps the land a safe environment
for our rescue animals. All our volunteers
are taken through a volunteer induction
programme, have ongoing training and are
DBS checked. We are running on reduced
numbers due to our staffing capacity. We
are in the process of applying for funding
for a Volunteer Coordinator to enable us to
run more volunteer programmes including
supported volunteering for both existing
youth service users and vulnerable adults
and allow us to reach more of our
community.
Other
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Achievements and Performance

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SORP
reference
This year has continued to be very challenging with
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Achievements and Performance Achievements and Performance Achievements and Performance
SORP
reference
This year has continued to be very challenging with
Summary of the main
achievements of the
charity, identifying the
difference the
charity’s work has
made to the
circumstances of its
beneficiaries and any
wider benefits to
society as a whole.		 Para 1.20 the cost of living crisis directly following the impact of
the coronavirus pandemic. However the charity has
continued been innovative and flexible and despite
the difficulties, manged to achieve great things
including:

Rescued 41 equines in this year from situations of
illness, mistreatment and/or abandonment (a total
of 162 horses and ponies and over 200 animals in
total since opening in 2017).

Rehomed 33 of those rehabilitated horses/ponies
(a total of 108 since opening in 2017).

Provided 595 hours of mental well-being support
to 89 individual children and young people (a total
of 5823 hours and 577 individuals supported
since opening in 2017).

Our feedback forms are completed on a voluntary
basis as for some service users compulsory
completion may expose them to additional
pressure and we have found that this can be a
barrier and cause a service user to shut down. In
addition, some service users have such complex
needs that completing the form is impossible or
their needs are such that the form would not
provide for accurate data. Some service users
just do not wish to complete the form and we
respect their wishes. We do try to encourage a
verbal quote at least, to see if we have made a
positive difference to them and gather feedback
from the parent or carer that attends sessions
with them.

Of the 89 service users, 37 (42%) completed a
feedback form. Twenty six individuals completed
the 7 item Warwick Edinburgh Mental Well-Being
Scale (WEMWBS) with 85% recording a positive
change in their well-being. Of the three individuals
that showed a slight decrease, there were known
external variables that the service
users/carer/parent stated contributed to these
scores.

Eleven service users completed the traffic light
feedback form. 91% reported an increase in their
well-being with one service user scoring the same
before and after their Hugs sessions.
From additional analysis we found trends in: From additional analysis we found trends in:
• Reduced suicide ideation and self-harm
• Improved physical, emotional, social and
mental well-being
• Improved confidence and knowledge for
parents/carers to recognise mental health
issues in young people and knowing
how/where to access additional support
• Improved access and work between
professionals to support young people e.g.,
Hugs support created more positive
treatment developments with services such
as NHS CAHMS
• Improved ability to control, cope with and
grow from life’s challenges
Examples of outcomes of our work from
previous young people who have attended:
“My daughter, Penny is non-verbal, visually
impaired and unable to stand independently,
but at her adapted sessions, she was
laughing, dancing and even making animal
sounds to express her enjoyment.” Feedback
from parent
“My son attended Hugs and it was amazing. I
saw my son grow and become more
confident with each session. Hazel the Youth
Services Manager is such a wonderful person
she was so good with my son and knew
exactly how to communicate with him and
encourage him. I thoroughly recommend The
Hugs Foundation, they are doing a fantastic
job for well-being for children.” Feedback
from parent
“It was obvious to myself and mum that after
my young person’s first sessions at Hugs he
gained significant benefit, presenting calmer
and more regulated.” Feedback from NHS
CAMHS Professional
The full impact report can be read here:
https://hugsfoundation.org.uk/wp-
content/uploads/2022/07/Youth-Well-Being-
Project-Impact-Report-June-2021-to-
May2022.pdf.pagespeed.ce.XpKEFVPWoI.pdf
Provided volunteering opportunities to 10 people.
This was more than our previous charity year but
still a reduced capacity due to our staffing
capacity to manage volunteers.
Provided work experience opportunities for 5
people. Again, this was more than our previous
charity year but still a reduced capacity due to our
staffing capacity to manage work
experience/placements.
We have been able to carry out 12 care home
visits with our rescue pony, Dude. This project
was kindly funded by The Michael & Shirley Hunt
Charitable Trust.
Our veterans well-being pilot project launched in
May 2021 after successfully gaining funding from
The National Lottery, Awards for All. This was run
in partnership with a veterans charity, Veterans
outdoors.
Veterans project outcomes included:
• Improved confidence and self-esteem
• Reduced symptoms of depression, anxiety
and PTSD
• Built friendships/relationships
• Built leadership skills and learnt to set
boundaries
• Reduced social isolation
• Provided a safe space to think and then
gave confidence to tackle other issues. Hugs
provided a regular space, date and time to do
this.
The full impact report can be read here:
https://hugsfoundation.org.uk/wp-
content/uploads/2022/07/Herds-Ahead-Veterans-
Well-Being-Pilot-Project-Impact-
Report2021.pdf.pagespeed.ce.VGvUJCOSM6.pdf
We have continued to build relationships and
partnerships for our well-being provisions
including partnering with the Veterans Outdoors
charity for our veteran’s well-being pilot project
and for our youth well-being provision; Sowenna,
a local NHS unit run by Cornwall NHS Foundation
Trust, other departments in the NHS, Children
and Adolescent Mental Health Services
(CAMHS), additional schools, both primary and
secondary, children in care units, social workers
and social prescribers.
We have continued to build and establish a
relationship with the local community and work in
collaboration with organisations such as local
schools, social services and mental health
provisions. We have started to visit schools again
for educational visits and have attended 6
community events including; Community Health &
Well-Being Awareness Day, Raf St Mawgan
Family Event, Camel Creek, Cornwall Business
Show, Griggs Country Store and Pencarrow
House & Gardens. We have had 3 open days at
Hugs rescue centre.
We have continued to monitor and adjust our
fundraising strategy and business plan to enable
the charity to recover and grow after the
pandemic, the cost of living increase and reduced
funding available through trusts and grants.
Income streams have been diversified and

employment. 4) Educational school visits, attending at least 12 annually. 5) Fundraising volunteer programme, to help raise funds through community and corporate fundraising and provide support to the Fundraising and Admin Manager.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41 Since recruiting our fundraiser in 2019, our
fundraising has gone from strength to
strength. One main corporate sponsor has
provided the largest percentage of our
funding since our inception. To become
truly sustainable, our charity needs to
become less reliant on one sponsor.
Therefore, there is a plan in place for a
phased reduction which has started with
£120,000 donated in the last charity year,
£100,000 committed for our next charity
year and a steady decrease over the
following years.
Funding streams have been diversified and
now include; individual giving,
memberships, legacies, activities within the
local community and trust and grant
funding. In our charity year August 2019 to
31st May 2020, the charity received
£53,750 from trust and grant funding. From
June 2020 to 31st of May 2021 this
increased to £94,981. Legacies and
corporate sponsorship income streams are
being explored and the hope is to build this
income as the charity becomes better
known in the community.
This year the targets set for the fundraising
have been very positive, especially
considering the challenges of the
pandemic. The charity has managed to

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raise £99,531 through trust and grant
fundraising. Funders have included;
Garfield Weston Foundation, Arnold Clark
Foundation, Animal Friends, CCF's Social
Enterprise Grant, Postcode Local Trust,
Pets at Home Foundation, Tesco
Community Grants, Co-Op Community
Fund, Jean Sainsbury Animal Welfare
Trust, Clare Milne Trust, Duchy Health
Charity, V Delaney Charitable Trust,
Superfast Cornwall 3 – Inclusive Growth,
Business Digital Support, Network for
Animals, Petplan Charitable Trust and the
Norman Family Charitable Trust.
Regular donors have increased from 16
monthly donors donating £2,400 every year
to 61 donating £7,800 every year for Hugs.
Moving forwards, there is a flexible and
diverse fundraising plan in place to help the
charity recover from the pandemic and start
to grow once more.
Investment performance Para 1.41
against objectives
Other
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Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 Income has increased slightly this year and
expenditure has stayed very similar to our
previous charity year.
During the year receipts of £273,117 were
received from donations, trust and grants,
sponsorships, rehoming fees and service
charges. Of this, £120,000 was received
from a corporate sponsorship partner that
provided donations to set up and establish
the charity through support with staffing
and running costs. The partnership will
continue to provide support for the charity
with an aim to becoming self-funding in the
long term. A flexible and phased plan is in
place for this with £100,000 committed for
our next charity year and a steady
decrease over the following years.
£99,531 was raised in trust and grant
funding, an increase on the previous year.
A fundraising strategy and business plan is
in place to reduce the donation amount and
reliance on the corporate donor and

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diversify income streams, working towards
self-sustainability. This has been
successful so far, for example, regular
donors increasing from 16 monthly donors
donating £2,400 every year to 61 donating
£7,800 every year for Hugs.
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diversify income streams, working towards
self-sustainability. This has been
successful so far, for example, regular
donors increasing from 16 monthly donors
donating £2,400 every year to 61 donating
£7,800 every year for Hugs.		 diversify income streams, working towards
self-sustainability. This has been
successful so far, for example, regular
donors increasing from 16 monthly donors
donating £2,400 every year to 61 donating
£7,800 every year for Hugs.		 diversify income streams, working towards
self-sustainability. This has been
successful so far, for example, regular
donors increasing from 16 monthly donors
donating £2,400 every year to 61 donating
£7,800 every year for Hugs.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Hugs Foundation is a fairly young
charity and significant setup and
operational costs have been incurred, thus
the ability to create cash reserves has not
been possible. In addition to this, the
coronavirus pandemic and now the cost of
living crisis, have made it financially
impossible to build or retain any reserve
funding. The Hugs Foundation also
believes that monies received should be
spent in accordance with the charity
mission and not held long term in a bank
account. There were very little reserves
during the pandemic, which caused
financial strain on the charity, however, the
diversity and flexibility of the Trustees and
fundraising strategy in place, ensured the
charity was successful with emergency
funding and survived.
In the next charity year, The Hugs
Foundation has an agreement with its
corporate sponsor, to receive £100,000
unrestricted funding. Therefore, the
reserves policy will be to operate with
minimal reserves whilst the charity
stabilises and carries out its fundraising
strategy. The corporate sponsor
commitment, along with the fundraising
strategy in place to increase income
diversity, gives the Trustees confidence
that The Hugs Foundation has the certainty
and resilience it requires to deliver its
charitable objectives and survive long term.
Any cash funds held, either restricted or
unrestricted, will be carried over to continue
to support the work of the charity into the
next financial year. Restricted funding
carried over, (e.g., the charity could not run
interventions at full capacity during the
pandemic so the funding could not be spent
fully), will be spent in accordance with the
individual application. For any that are
taking longer to spend than anticipated, the
relevant grant or trust organisation(s) have
been notified, and a plan agreed to spend
the reserves moving forward.
From 2022 and depending on the outcome
of the financial strategy and financial
climate, The Hugs Foundation aim to
increase its level of unrestricted funds over
the following years, in order to ensure the
underlying financial resilience of the charity
and to provide designated funds for specific
projects. The aim would be for a minimum
level of free reserves that The Hugs
Foundation will hold in unrestricted funds,
excluding fixed assets, to cover three to six
months of core running costs plus any
potential liabilities in the event of the Hugs
Foundation having to cease its activities.
The reserves policy is reviewed annually by
The Hugs Foundation Trustees.
Amount of reserves held Para 1.22 Total reserves held on 31 May 2022 were
£90,512, split as unrestricted funds of
£67,529 and restricted funds of £22,983.
£33,240 of the unrestricted funds balance
is held as cash.
Reasons for holding zero
reserves		 Para 1.22 See above reserves policy.
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 The coronavirus pandemic and cost of
living crisis has had a negative impact on
the charity’s income. This year, the charity
has been able to start to run fundraising
events, open days, care home visits and
well-being interventions at a reduced
capacity, due to lower staffing levels.
However, the charity has been successful
in applications for additional grant funding
which has been received in 2021-2022.
There is a flexible and diverse fundraising
plan in place, including diversifying funding
steams e.g., individual giving, which has
increased this year. Demand for horse
rescues and rehoming is continuing to rise
and well-being service referrals have
increased by over 50% and so the outlook
for The Hugs Foundation is looking
optimistic.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 The charity’s principle sources of funds are
the corporate sponsor and trust and grant
fundraising. To ensure the charity’s survival
and sustainability long term, a phased
reduction has started from the main
corporate sponsor, with £100,000
committed for the next charity year and a
steady decrease going forwards.
Additional funding streams have been
established and are steadily growing and
include:

individual giving, both one off donations
and regular monthly donations

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 memberships (Sponsor a Rescue or
Stable)
 service charges (well-being support)
 animal rescue rehoming fees
 livery
 tack sale donations
 Christmas calendar donations and
sponsorship
 corporate sponsorships and donations
Moving forwards, the charity’s fundraising
plan is to continue to grow these diversified
income streams and become less reliant on
one main corporate sponsor. This is
evidencing a positive trend in our annual
accounts.
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
The trustees have assessed the major risks
to which the charity is exposed and are
A description of the principal Para 1.46 satisfied that the systems in place (risk
risks facing the charity register etc.) will help to mitigate the risk or
enable it to be dealt with in a timely,
efficient manner.
Other
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Structure, Governance and Management

Description of charity’s
trusts:		 N/A
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution of a Charitable Incorporated
Organisation
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Incorporated Organisation
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees can be selected in various ways
including; approaching the charity
themselves through CV or application or
nomination by existing Trustees. Current
Trustees will consider potential new
Trustees who have skills which will help the
charity e.g. animal welfare knowledge,
children’s mental health, safeguarding,
fundraising and charity management.
Applications/nominations are brought to
Trustee meeting to discuss. They are
appointed upon approval by majority vote,
familiarised with the day to day running of
the charity and briefed on the governance
and their responsibilities.

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

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Charity name The Hugs Foundation
Other name the charity uses N/A
Registered charity number 1175633
Charity’s principal address Higher Whitley Farm
Helland Road
Bodmin
Cornwall
PL31 2NT
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Andrew Frederick
1
Bowden
2 Tracy Jayne Lewis
3 Rachel Pocknell Appointed on 01/12/2021
4 David Peter Sell
Paul Jonathan
5
Dransfield
6 Claire Briggs Resigned on 01/05/2022
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser
Solicitor Stephens Scown 1 High Cross Street, St Austell, Cornwall, PL25 4AB
Accountant AAS Accountants Ltd Tithe House, 15 Dukes Ride, Crowthrone, RG45 6LZ

Name of chief executive or names of senior staff members (Optional information)

Andrew Bowden - Chairman

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations The trustees declare that they have approved the trustees. report al)ove. Fun rmn•(s) Date 0411012022

Charity Name The Hugs Foundation The Hugs Foundation The Hugs Foundation 1175633
Annual accounts for the period
Period start date 1 June 2021 To 31 May2022

Section A Statement of financial activities

Recommended categories by activity

Incoming resources (Note 3)

Income and endowments from:

Donations and legacies Charitable activities Other trading activities

Total

Resources expended (Note 5)

Expenditure on:

Raising funds Charitable activities

Total

Net income/(expenditure) before transfers

Transfers Net income/(expenditure)

Reconciliation of funds:

Total funds brought forward Total funds carried forward

ancial activities ancial activities ancial activities ancial activities
Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
funds
£
£
£
£
151,820 - 151,820 161,874
25,776 94,531 120,307 103,136
990 - 990 1,369
178,586 94,531 273,117 266,379
24,987 - 24,987 22,509
136,245 93,197 229,442 232,615
161,232 93,197 254,429 255,124
17,354 1,334 18,688 11,255
7,780 7,780
-		 - -
25,134 6,446
-		 18,688 11,255
42,395 29,429 71,824 60,569
67,529 22,983 90,512 71,824

Section B Balance sheet

Fixed assets Tangible assets (Note 9) Total fixed assets

Current assets

Debtors (Note 10)

Cash at bank and in hand (Note 12) Total current assets

Creditors: amounts falling due within one year (Note 11)

Net current assets/(liabilities)

Total net assets or liabilities

Funds of the Charity Restricted income funds (Note 14) Unrestricted funds Total funds

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Restricted
Unrestricted income Total this Total last
funds funds year year
£ £ £ £
38,858 - 38,858 40,648
38,858 - 38,858 40,648
2,333 - 2,333 2,182
33,240 22,983 56,223 35,022
35,573 22,983 58,556 37,204
6,902 - 6,902 6,028
28,671 22,983 51,654 31,176
67,529 22,983 90,512 71,824
22,983 22,983 29,429
67,529 67,529 42,395
67,529 22,983 90,512 71,824
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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

The coronavirus pandemic and cost of living crisis has had charity has been able to start to run fundraising events, open days, care home visits and well-being interventions at a reduced capacity, due to lower staffing levels. However, the charity has been successful in applications for additional grant funding which has been received in 2021-2022. There is a flexible and diverse fundraising plan in place, including diversifying funding steams e.g., individual giving, which has increased this year. Demand for horse rescues and rehoming is continuing to rise and well-being service referrals have increased by over 50% and so the outlook for The Hugs Foundation is looking optimistic.

An explanation as to those factors that support the conclusion that the charity is a going concern;

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME

Recognition of income These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required or Offsetting permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in Legacies the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Gift Aid receivable is included in income when there is a valid declaration from the donor. Tax reclaims on Any Gift Aid amount recovered on a donation is considered to be part of that gift and is donations and gifts treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Contractual income and This is only included in the SoFA once the charity has provided the related goods or performance related services or met the performance related conditions. grants Donated goods are measured at fair value (the amount for which the asset could be Donated goods exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and Donated services and facilities are included in the SOFA when received at the value of facilities the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs. The value of any voluntary help received is not included in the accounts but is described Volunteer help Income from interest, This is included in the accounts when receipt is probable and the amount receivable can royalties and dividends be measured reliably. Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations subscriptions and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other claims income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and Investment gains and any gain or loss resulting from revaluing investments to market value at the end of the losses year.

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Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.2 EXPENDITURE AND LIABILITIES

2.3 ASSETS
Intangible fixed assets
Heritage assets
Current asset investments
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
These are capitalised if they can be used for more than one year, and cost at least
£3,000.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.		 Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
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Yes
No
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No
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No
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No
N/a
Yes
No
N/a

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Other trading
activities:
Donations and
legacies:
Charitable
activities:
TOTAL INCOME		 Analysis Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Total funds
Prior year
£
£
Donations 148,990 - 148,990 153,467
General grants provided by
government/othercharities		 1,361 - 1,361 7,320
Membership subscriptions
and sponsorships		 1,468 - 1,468 1,087
**Total ** 151,820 - 151,820 161,874
Grants 5,000 94,531 99,531 94,981
Rehoming 8,885 - 8,885 7,405
Mental Health 10,628 - 10,628 750
Other 1,263 - 1,263 -
**Total ** 25,776 94,531 120,307 103,136
Hire income 990 - 990 1,369
**Total ** 990 - 990 1,369
178,586 94,531 273,117 266,379

Note 4 Analysis of receipts of government grants

Government grant Total
HMRC Job Retention Scheme
Description		 This year
Prior year
£
£		 This year
Prior year
£
£
1,361 7,321
1,361 7,321

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Section C Notes to the accounts (cont)

Note 5 Analysis of expenditure

----- Start of picture text -----
This year Last year
Restricted Restricted
Unrestricted income Unrestricted income
Analysis funds funds Total funds funds funds Total funds
Expenditure on raising funds: £ £
Staff Costs - -
21,857 21,857 21,354 21,354
Incurred seeking donations - - - 116 - 116
Operating membership
schemes and social lotteries 1,754 - 1,754 468 - 468
Advertising, marketing, direct
mail and publicity 1,376 - 1,376 652 - 652
Total expenditure on raising
funds 24,987 - 24,987 22,590 - 22,590
Expenditure on charitable activities:
Staff Costs 51,767 53,355 105,122 59,030 59,649 118,679
Recruitment Costs 19 - 19 557 - 557
Veterinary and Medical Costs 7,771 11,115 18,886 15,276 3,660 18,936
Feed 3,671 3,915 7,586 5,852 301 6,153
Yard Expenditure 4,680 2,889 7,569 1,670 4,811 6,481
Equine Care 3,677 2,186 5,863 4,671 1,488 6,159
Training 574 - 574 2,001 - 2,001
Repairs and Renewals 1,931 1,212 3,143 1,518 4,123 5,641
Insurance 4,279 2,132 6,411 6,741 - 6,741
Professional Fees 11,222 1,718 12,940 9,476 - 9,476
Bank and Payment Charges 437 - 437 224 - 224
Computers and Internet 6,985 - 6,985 3,477 30 3,507
Utilities and Rates 24,498 8,797 33,295 31,743 131 31,874
Transport and Travel 3,289 239 3,528 4,990 65 5,055
Office Supplies 1,564 1,112 2,676 764 - 764
- -
Depreciation 8,870 8,870 8,520 8,520
Programme Costs 45 4,334 4,379 665 294 959
Sundries 966 193 1,159 282 524 807
Total expenditure on
charitable activities 136,245 93,197 229,442 157,457 75,077 232,534
TOTAL EXPENDITURE 161,232 93,197 254,428 180,047 75,077 255,124
----- End of picture text -----

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Section C Notes to the accounts (cont)

Note 6 Details of certain items of expenditure

6.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

----- Start of picture text -----
This year Last year
£ £
720 720
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Note 7 Paid employees

Please complete this note if the charity has any employees. 7.1 Staff Costs

----- Start of picture text -----
This year Last year
£ £
Salaries and wages 118,153 129,821
Social security costs 5,271 6,528
Pension costs (defined contribution scheme) 3,554 3,684
Total staff costs 126,978 140,033
This year Last year
£ £
Please provide the total amount paid to key
management personnel (includes trustees and
senior management) for their services to the charity. 74,006 67,070
For specific amounts paid to trustees, see Note 28.
This year Last year
7.2 Average head count in the year
Number Number
The parts of the charity in which the Fundraising 1 1
employees work Charitable Activities 5 6
Total 6 7
----- End of picture text -----

Note 8 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

8.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense

Thisyear Lastyear
£ £
3,554 3,684

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Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

At the beginning of the year
Additions
Disposals
At end of the year
*Basis*
 Rate
At beginning of the year
Disposals
Depreciation
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
9.3 Net book value
9.2 Depreciation and impairments		 Freehold
land &
buildings
£		 Other land &
buildings
£
Yard
equipment
£		 Total
£
1,104 563 54,805 56,472
- - 7,980 7,980
- - - 3,600 - 3,600
1,104 563 59,185 60,852
RB
RB
SL

25%
25%
4/7/10/20
years
755 326 14,743 15,824
- - - 2,700 - 2,700
87 59 8,723 8,870
842 385 20,766 21,994
349 237 40,062 40,648
262 178 38,419 38,858

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Section C Notes to the accounts (cont)

Note 10 Debtors and prepayments

----- Start of picture text -----
Please complete this note if the
charity has any debtors or
t
This year Last year
10.1 Analysis of debtors
£ £
Trade debtors 342 97
Prepayments and accrued income 1,991 1,723
Taxation and social security - 362
Total 2,333 2,182
----- End of picture text -----

Note 11 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

11.1 Analysis of creditors

Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
1,506 1,115 - -
3,131 1,884 - -
1,774 - - -
491 3,029 - -
6,903 6,028 - -

Note 12 Cash at bank and in hand

Cash at bank and on hand Total

This year
£		 Last year
£
56,219 35,022
56,219 35,022

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Note 13 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the event

Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made

This year Last year The coronavirus pandemic and cost We currently have just one member of living crisis continues to impact of staff on the furlough scheme. We charity income, meaning staffing are hoping to bring the staff member levels are lower than the charity back to work in August 2021. We would ideally like. A business also have our yard manager on recovery plan is in place to help the maternity leave meaning we have a charity recover from the pandemic very small yard team. A business and then grow to meet demand for recovery plan is in place to help the both the animal welfare services The charity recover from the pandemic Hugs Foundation provides and its and then grow to meet demand for well-being support. both the animal welfare services The Hugs Foundation provides and its well-being support. The charity has put a plan in place to The charity has put a plan in place to keep expenditure to a minimum keep expenditure to a minimum whilst it recovers from the effects of whilst it recovers from the effects of the pandemic and survives the cost the pandemic. Income stream have of living crisis. Income streams have been diversified and applications been diversified and applications from trust and grant funding have from trust and grant funding have been successful so far and so the been successful so far and so the Trustees are confident that the Trustees are confident that the through this difficult time and steadily through this difficult time and increase income once more. steadily increase income once more.

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----- Start of picture text -----
£
Fund
balances at 31 May 2021
- - - - - 2,348 3,164 382 2,950 - - 983 5,400 - 3,369 1,000 - 797 - - - 4,594 4,442 67,897 97,327
£
Transfers
- 6,000 - - -
£
Expenditure
- 1,586 - - 2,822 - - 2,550 - - 1,500 - - 350 -
£
Income
6,000 - 5,000 - 5,000 - 3,400 - 3,400 - 17,500 - 17,500 - 9,907 - 9,907 - 6,500 - 5,517 - 10,000 - 4,600 - 250 - 250 - 4,043 - 674 - 1,000 - 6,239 - 6,239 - 4,940 - 4,143 - 5,297 - 5,297 - 500 - 500 - 3,000 - 3,000 - 4,594 - 4,442 -
£
Fund
June 2020
balances at 1 1,586 - - 2,822 - - - 721 1,869 - 242 - 5,714 - 1,882 - 3,300 - - - - - - - - - - - - - - - 44,544 178,586 - 161,232 6,000 60,569 273,067 - 236,309 -
Total Funds
Purpose and Restrictions
Towards cost of care for 4 rescue ponies Towards purchase of field shelters Towards cost of vets bills, feed and bedding Towards yard staffing costs Towards Youth Well-Being team salaries Towards play area, sensory garden and sensory room Towards bursaries for family well-being sessions Towards bursaries for well-being sessions Towards bursaries for well-being sessions Towards animal care costs including salaries To run 'A Daily Hug' Facebook Live project Towards animal care costs and vet bills To fund costs including fencing, agility equipment, track system for laminitic ponies, items for the sensory garden and other running costs. Towards vet bills Veterans Well-Being Project 12 x care home visits Towards staff costs for 4 months Land Maintenance A Daily Hug 12 week Project Facebook Live Equipment Youth Services core costs To fund 10 children/young people to access free well- being interventions To fund 8 children/young people to access free well- being interventions N/A
UR * R R R R R R R R R R R R R R R R R R R R R R R UR
Type PE, EE R or
Fund names
Network for Animals Network for Animals Support Adoption for Pets Covid-19 Emergency Grant Support Adoption for Pets Covid-19 Emergency Grant The Edward Gostling Foundation Co-Op Local Community Fund Together for Families Claire Milne Trust The Clara E Burgess Charitable Trust Animal Friends / Jean Sainsbury Animal Welfare Trust / Sylvia Waddilove Emergency Funding Cornwall Community Foundation Covid-19 Emergency Grant Animal Rescue Foundation The Annandale Charitable Trust Marjorie Coota Animal Charity Trust National Lottery Awards for All The Michael & Shirley Hunt Charitable Trust PetPlan Emergency Funding Elise Pilkington Charitable Trust Mind Coronavirus Mental Health Response Fund Tesco Bags of Help COVID-19 Communities Fund W O Street Charitable Foundation South West Water Neighbourhood Fund Cornwall Community Foundation Karenza Unrestricted Funds
----- End of picture text -----

Section C Notes to the accounts

Note 15 Charity funds (cont)

15.1 Transfers between funds

This year

Thisyear
15.1 Transfers		 between funds
Reason for transfer and where endowment is converted to
income, legalpower for its conversion		 Amount
Between
unrestricted and
restricted funds		 Funding received from Pets at Home Foundation to contribute
towards the cost of Mudcontrol mats. These were purchased in
September 21 and February 2022 for £7,980.		 £ 7,780

Note 16 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If transactions to report.

16.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

None of the trustees have been paid any remuneration or received any other TRUE benefits from an employment with their charity or a related entity Last year None of the trustees have been paid any remuneration or received any other TRUE benefits from an employment with their charity or a related entity

16.2 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

This year This year This year This year
There have been no related party transactions in the reporting period FALSE
Name of the
trustee or
relatedparty		 Relationship
to charity		 Description of the transaction(s) This Year Last Year
Andrew Bowden Chairman Director of Carbonxgen Ltd which made
donations to the charity during the year.
Carbonxgen Ltd also own the land that
the charity operates from. The charity
pays a nominal rent back to Carbonxgen
Ltd for using the land.		 £ 120,000


 £ 130,605

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