## BOLENOWE ANIMAL SANCTUARY C.I.O. TRUSTEES REPORT, ACCOUNTS AND INDEPENDENT EXAMINERS REPORT 5 TH APRIL 2021 Macleod and Tonkin ## BOLENOWE ANIMAL SANCTUARY C.I.O. ## FOR THE YEAR ENDED 5TH APRIL 2021 |CONTENTS
Legal and Administrative Information
Trustees Report
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts|PAGE| |---|---| ||1
2 - 3
4
5
6
7 - 10| Macleod and Tonkin THE BOLENOWE ANIMAL SANCTUARY C.I.O. ## TRUSTEES ANNUAL REPORT ## YEAR ENDED 5TH APRIL 2021 ## LEGAL AND ADMINISTRATIVE INFORMATION Charity Commission Registered Number 1176724 Trustees Trevor Langford Andrew Musk – Resigned Nicholas Roberts Julie Hadwin – Resigned David Bullard – Co-opted Simon Jay – Co-opted Principal Address Bonaventure Farm Ruan Minor The Lizard Helston Cornwall, TR12 7LW Solicitors Nalders North Wing, Bickland House Bickland Water Road Falmouth Cornwall TR11 4SB Bankers National Westminster Bank plc Camborne Branch 4 Commercial Square Camborne Cornwall TR14 8EB Accountants Macleod & Tonkin 54 Coinagehall Street HELSTON Cornwall TR13 8EL Macleod and Tonkin Page I Macleod attd ToDkin ## THE BOLENOWE ANIMAL SANCTUARY C.I.O. ## TRUSTEES ANNUAL REPORT ## YEAR ENDED 5TH APRIL 2021 The Trustees present their report along with the financial statements of the Charity for the year ended 5[th] April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the Charity’s constitution and applicable law. |Trustees|The Trustees named on page 1 have served throughout the| |---|---| ||year unless otherwise indicated.| |Election|The Trustees (Executive Committee) are elected by the| ||members at the Annual General Meeting, to hold ofice from| ||the conclusion of that meeting to the end of the annual general| ||meeting next after the date on which they came into ofice.| ||They are normally recruited from volunteers etc., who have| ||shown an interest in the Charity and the well-being of the| ||animals.| ||All candidates for election must be nominated and seconded by| ||members of the Sanctuary.| |Governing Document|Governing Document dated 18thJanuary 2018| |Objects of the Charity|To provide for the care and protection of animals that are| ||sufering as a result of cruelty, sickness or neglect, and the| ||prevention of cruelty to or sufering among animals.| |Specifc Investment|The Society can invest and deal with the monies of the Society| |Powers|not immediately required for its purposes, in such investments| ||or securities, and in such manner, as may from time to time be| ||determined, subject to such conditions and consents as may for| ||the time being be imposed or required by law.| |Activities and|This has been a very unusual year, due of course to Covid 19,| |Achievements|which caused the shops to be closed for a large part of the year,| |During the Year|and meant that there could be no Open days, Summer & Winter| ||Fayres, and the café remained closed.| ||This all reduced the income considerably but Covid grants from| ||CCC and Furlough payments received totalling £58,971| ||together with an increase in donations of £35,812 enabled us to| ||show a surplus of £14,310 whilst ensuring that the animals| ||were well looked after, despite the Covid restrictions.| |Reserves Policy|Unfortunately, we do not have unrestricted funds which equate| ||to, at least, 12 months unrestricted expenditure, but we hope| ||to, again, be in such a position in the reasonably near future, as| ||we believe this to be in the best interests of the animals and| ||the Charity.| Macleod and Tonkin Page 2 Macleod attd ToDkin ## THE BOLENOWE ANIMAL SANCTUARY C.I.O. ## TRUSTEES ANNUAL REPORT ## YEAR ENDED 5TH APRIL 2021 Risk Management The Trustees actively review the major risk as set out in the Reserves Policy above and believe that by increasing reserves combined with regular reviews of the controls over key financial systems, this will provide sufficient resources in the event of a worsening economy causing all donations etc., to finish or be much smaller. The Trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems to investigate the significant risks. Statement of Trustee’s Responsibilities Law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to: - (a)select suitable accounting policies and apply them consistently; - (b)make judgements and estimates that are reasonable and prudent; - (c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; - (d)prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This report was approved by the Trustees on 14[th] December 2021 and signed on their behalf; Macleod and Tonkin D BULLARD TRUSTEE Page 3 Macleod attd ToDkin THE BOLENOWE ANIMAL SANCTUARY C.I.O. ## INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES AND MEMBERS ON THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2021 ## – (AS SET OUT ON PAGES 5 10) Respective responsibilities of trustees and examiner The Charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the account under section 145 of the 2011 Act; - to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. Basis of independent examiner’s statement My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examiner’s statement In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements: A) to keep Accounting Records in accordance with Section 130 of the 2011Act: and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the act have not been met: or B) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Signed ………………………. C/o Macleod & Tonkin J C COULSON Accountants & Registered Auditors CHARTERED 54 Coinagehall Street ACCOUNTANT Helston Macleod and Tonkin Cornwall TR13 8EL tb Date: 14 December 2021 Page 4 Macleod attd ToDkin ## THE BOLENOWE ANIMAL SANCTUARY (C.I.O.) ## ACCOUNTING STATEMENT (ACCRUALS BASIS) ## STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5TH APRIL 2021 |||2021|2020| |---|---|---|---| |Notes|||| |||£|£| |Incoming Resources: Unrestricted Funds|||£| |Voluntary Income|2|121,496|85,609| |Activities for Generating Funds||23,890|74,875| |3|||| |Covid Grants – CCC & Furlough||58,971|-| |Payments|||| |Investment Income||-|-| |||_______|_______| |||£204,357|£160,484| |||======|======| |Resources Expended|||| |Costs of Generating Funds:||43,570|58,379| |4|||| |Governance Costs||4,013|3,650| |5|||| |Other Resources Expended||4,752|4,448| |6|||| |Charitable Expenditure|7|137,712|148,997| |||_______|_______| |||£190,047|£215,474| |||======|======| |Net Movement in Funds for the Year||14,310|(54,990)| |Total Funds Brought Forward||322,395|377,385| |||_______|_______| |Total Funds Carried Forward||£336,705|£322,395| |||======|======| Macleod and Tonkin Page 5 Macleod attd ToDkin ## THE BOLENOWE ANIMAL SANCTUARY (C.I.O.) ## BALANCE SHEET AS AT 5TH APRIL 2021 **----- Start of picture text -----**
Notes 2021 2020
£ £ £ £
Fixed Assets
Tangible Assets 232,25 237,583
9 4
Data Base 2,00 2,000
0
Current Assets
Debtors 7,560 5,509
10
Cash at Bank 106,694 84,817
Cash in Hand - 107
Stock of Clothing etc. 150 450
_______ _______
114,404 90,883
Creditors: Amounts Falling due
Within one Year 11,953 8,071
11
_______ _______
Net Current Assets 102,45 82,812
1
_______ _______
Total Assets Less Current Liabilities £336,70 £322,395
5
==== =====
== =
Funds
Unrestricted Funds £336,70 £322,395
5
==== =====
== =
Approved by the Trustees on 14 [th] December 2021 and signed on their behalf.
**----- End of picture text -----**
Macleod and Tonkin T LANGFORD TRUSTEE Page 6 Macleod attd ToDkin THE BOLENOWE ANIMAL SANCTUARY (C.I.O.) NOTES TO THE ACCOUNTS YEAR ENDED 5TH APRIL 2021 ## **1.** Accounting Policies ## 1.1Basis of preparation of Accounts The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for FRS 102 Section 1A, small entities. 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 2005) and SORP 2008 issued in May 2008. ## 1.2Tangible fixed assets for use by the Charity and deprecation Tangible fixed assets for use by the Charity are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Caravan/Chalet: 25% of written down value Tractor & Equipment 25% of written down value ## 1.3Income Voluntary income and donations are accounted for as received by the Charity. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs. No permanent endowments have been received in the period. |2021
2.Voluntary Income
£
Donations, Legacies Etc.
121,416

Membership Fees
80

£121,496
£
======
=
3.Activities for Generating Funds
Shop Takings Etc.
21,849

Single Farm Payment Entitlement
2,041

Sale of Clothing etc. (adjusted for stocks)
-

Café Sales
-

Summer & Winter Fayres
-

£ 23,890
£
4.Cost of Generating Funds
=======
=
Fundraising, Trading Shop Expenses:
Internet, Website, etc.
-

Rent etc.
16,454

Rates & Water
459

Electricity
1,422

Printing,
Postage,
Stationery
&
Advertising
2,163

Travelling Expenses
46

Telephone
303

Sundry Expenses
882

Wages
21,834

Insurance
-

Repairs & Renewals
7

Café Expenses
-

Summer & Winter Fayre Expenses
-
|
|2020
£
85,604
5
85,609
=====
67,882
2,037
74
1,081
3,801
74,875
======
196
18,921
525
1,630
4,113
1,122
306
211
28,797
401
182
467
1,508| |---|---|---| ||
£
=












|| Macleod and Tonkin Total £ 43,570 £ 58,379 ======= ======= Page 7 Macleod and Tonkin ## THE BOLENOWE ANIMAL SANCTUARY (C.I.O.) ## NOTES TO THE ACCOUNTS YEAR ENDED 5TH APRIL 2021 |5.
6.
7.
8)|2021
2020
Governance Costs
£
£
Independent Examiners Fee
400
400
Accountancy
800
800
Professional Fees
180
150
Legal Fees re: CIO
1,851
1,199
Legal Fees re: Employment etc.
782
1,101
_______
_______
£ 4,013
£ 3,650
======
======
Other Resources Expended
Accountancy
2,776
1,707
Staf Pension Fund
896
1,088
Bank Charges
813
696
Music Licence
241
923
Depreciation of Caravan/Chalet
26
34
_______
_______
£ 4,752
£ 4,448
======
======
Expenditure on Charitable Activities
Fertiliser
-
312
Rent
1,062
1,285
Animal Feed
10,853
15,962
Veterinary Medicine & Blacksmiths
17,406
15,424
Wages of Animal Carers etc., (see note
88,713
92,589
Repairs to Property, Fencing etc.
1,978
2,077
Tractor & Implement Expenses
1,393
1,444
Haulage & Contracting
120
180
Insurance
6,184
6,068
Light & Heat
1,017
1,819
Water Rates
1,412
1,892
Telephone
888
1,133
Sundry Expenses
698
1,058
Depreciation
5,988
7,754
_______
_______
£137,712
£148,997
======
======| |---|---| Macleod and Tonkin Page 8 Macleod attd ToDkin ## THE BOLENOWE ANIMAL SANCTUARY C.I.O. ## NOTES TO THE ACCOUNTS YEAR ENDED 5TH APRIL 2021 |||||2021|2021||2020| |---|---|---|---|---|---|---|---| |8.StafCosts|||||||£| |Gross Wages||||110,547||119,550|| |Employer’s National Insurance|||||-||1,615| |Employer’s|Share
of|Pension|||896||1,088| |Contributions|||||||| |Less Furlough Payments Received||||(20,109)|||-| |||||_______|||_______| |Total Staf Costs|||£ 91,334|||£122,253|| ||||======|||======|| |Average Number of Employees in||the Year||12|||12| |Employees Paid Over £50,000||||None|||None| |6Tangible Fixed|Caravans/|Tractor &|Freehold||Property||Total| |Assets|Chalet|Equipmen|Land||Improveme||| |||t|||nts||| |Cost or Valuation|£|£|£||£||£| |At 6thApril 2020|1,138|65,265|84,295||129,921||280,619| |Added|-|685||-||-|685| ||______|______|______||_______||______| |At 5thApril 2021|£1,138|£65,950|£84,295||£129,921||£281,304| ||=====|=====
|=====||======||====| ||||||||=| |Depreciation|||||||| |At 5thApril 2020|1,036|42,000||-||-|43,036| |Charge for year|26|5,988||-||-|6,014| ||______|______|______||_______||______| |At 5thApril 2021|£1,062|£47,988|£|-|£|-|£ 49,050| ||=====|=====
|=====||======||====| ||||||||=| |Net Book Value|||||||| |April 2021|£ 76|£17,962|£84,295||£129,921||£232,254| ||=====|=====
|=====||======||====| ||||||||=| |Net Book Value|||||||| |At 5thApril 2020|£ 102|£23,265|£84,295||£129,921||£237,583| ||=====|=====|=====||=======||=====| ||||||||=| |10.Debtors & Prepayments||||£|||£| |Inland Revenue – Re: Gift Aid Donations||||3,410|||4,291| |Prepayments||||1,882|||1,038| |VAT||||268|||180| ||Macleod and Tonkin||||||| |Returnable Deposit|||2,000|-| |---|---|---|---|---| ||||______|______| ||||£7,560|£5,509| ||||=====|=====| ||Page|9||| Macleod and Tonkin THE BOLENOWE ANIMAL SANCTUARY C.I.O. ## NOTES TO THE ACCOUNTS 11. Creditors & Accruals 2021 2020 Trade Creditors £11,953 £8,071 ===== ===== 12. Trustees and Other Related Parties (a) Trustees Expenses The Trustees paid their own expenses during the year. (b) Related Party Transactions There were no "related party transactions" that would inhibit the Charity from pursuing its own separate interests. (c) No Trustees or connected persons received any remuneration or other benefits during the year. No amounts were owing to or from the Charity’s Trustees, persons connected with them or other related parties, at the year end. There were no transactions undertaken by, or on behalf of the Charity in which a Trustee connected person, or other related party has a material interest. Macleod and Tonkin Page 10 Macleod attd ToDkin