Charity registration number: 1177380
## The Oak and Furrows Wildlife Rescue Centre
Annual Report and Financial Statements
for the Year Ended 31 March 2021
## **The Oak and Furrows Wildlife Rescue Centre**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 18|
## **The Oak and Furrows Wildlife Rescue Centre**
## **Reference and Administrative Details**
**Chairman** L Pope **Trustees** L Pope P Gore (deceased July 2021) S Forrest S Cole M Bowyer C J Laurence A Murray **Principal Office** Blakehill Nature Reserve Malmesbury Road Leigh Wiltshire SN6 6RH **Charity Registration Number** 1177380 **Independent Examiner** Milsted Langdon LLP 4 Queen Street Bath BA1 1HE
Page 1
## **The Oak and Furrows Wildlife Rescue Centre**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2021.
## **Objectives and activities**
## _**Objects and aims**_
Following the transfer of assets and liabilities of the charity to RSPCA North Wiltshire and Newbury Branch on 1 April 2020 the charity remains active to enable the charity to contact those regular donors who continue to give monies by standing order or other means to the charity and are unaware of the change in operation. Once this process has been fully completed the trustees plan to make this charity dormant and change its status to a linked charity to RSPCA North Wiltshire and Newbury Branch.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Financial review**
## _**Policy on reserves**_
The trustees review the charity's reserves policy annually, depending on the level of expenditure versus income each year.
The level of unrestricted reserves as at 31 March 2021 was (£9,134) (2020: £97,463) and the level of restricted reserves was £Nil (2020: £54,476).
After the year end the unrestricted reserves have been brought back into surplus.
## **Going concern**
Following the outbreak of COVID-19 and the increasing economic impact of this worldwide pandemic, the trustees scrutinised and reviewed financial information to assist the effect on the charity. From this review and due to other mitigating factors the charity was taken over by RSPCA North Wiltshire from 1 April 2020.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is registered as a Charitable Incorporated Organisation (CIO) and is governed by its constitution adopted on the 1 March 2018. It is managed by the Board of Trustees.
## _**Recruitment and appointment of trustees**_
New trustees are appointed by a majority vote of the current trustees. This follows a process of approval by current trustees, being first nominated by a trustee, meeting that nominee, and assessing whether they are appropriate for that position.
Page 2
## **The Oak and Furrows Wildlife Rescue Centre**
## **Trustees' Report**
The annual report was approved by the trustees of the charity on 25 January 2022 and signed on its behalf by:
......................................... L Pope Chairman and Trustee
Page 3
## **The Oak and Furrows Wildlife Rescue Centre**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 25 January 2022 and signed on its behalf by:
......................................... L Pope Chairman and Trustee
Page 4
## **The Oak and Furrows Wildlife Rescue Centre**
## **Independent Examiner's Report to the trustees of The Oak and Furrows Wildlife Rescue Centre**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021 which are set out on pages 6 to 18.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of The Oak and Furrows Wildlife Rescue Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 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 the The Oak and Furrows Wildlife Rescue Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since The Oak and Furrows Wildlife Rescue Centre's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of The Oak and Furrows Wildlife Rescue Centre as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
...................................... G J Freeman ACA Milsted Langdon LLP 4 Queen Street Bath BA1 1HE
26 January 2022
Page 5
## **The Oak and Furrows Wildlife Rescue Centre**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Raising funds
4
Investment income
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Transfer to RSPCA North
Wiltshire
18
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**funds**
**£**
277,395
-
1,183
17
278,595
(380)
(233,318)
(151,494)
(385,192)
(106,597)
(106,597)
97,463
(9,134)|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
(54,476)
(54,476)
(54,476)
(54,476)
54,476
-|**Total**
**2021**
**£**
277,395
-
1,183
17
278,595
(380)
(233,318)
(205,970)
(439,668)
(161,073)
(161,073)
151,939
(9,134)|**Total**
**2020**
**£**
95,378
32,455
5,841
5|
|---|---|---|---|---|
|||||133,679|
|||||(5,934)
(232,097)
-|
|||||(238,031)|
|||||(104,352)|
|||||(104,352)
256,291|
|||||151,939|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 16.
The notes on pages 8 to 18 form an integral part of these financial statements. Page 6
## **The Oak and Furrows Wildlife Rescue Centre**
## **(Registration number: 1177380) Balance Sheet as at 31 March 2021**
|**Note**
**Fixed assets**
Tangible assets
13
**Current assets**
Cash at bank and in hand
14
**Creditors: Amounts falling due within one year**
15
**Net current liabilities**
**Net (liabilities)/assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
16
**Unrestricted income funds**
Unrestricted funds
**Total funds**
16|**2021**
**£**
-
5,267
(14,401)
(9,134)
(9,134)
-
(9,134)
(9,134)|**2020**
**£**
199,655
10,690
(58,406)|
|---|---|---|
|||(47,716)|
|||151,939|
|||54,476
97,463|
|||151,939|
The financial statements on pages 6 to 18 were approved by the trustees, and authorised for issue on 25 January 2022 and signed on their behalf by:
......................................... L Pope Chairman and Trustee
The notes on pages 8 to 18 form an integral part of these financial statements. Page 7
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Oak and Furrows Wildlife Rescue Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity has adopted Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The financial statements have been prepared on a going concern basis.
On 1 April 2020, The Oak and Furrows Wildlife Rescue Centre passed all trade and assets across to RSPCA North Wiltshire in order to secure financial stability. The charity remains active to receive any legacies made in the charity's name and will do so for the foreseeable future.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
All resources expended are inclusive of irrecoverable VAT.
Page 8
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Irrecoverable VAT**
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 9
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **Trade creditors**
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Financial instruments**
The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurement basis are as follows;
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank - is classified as a basic financial instrument and is measured at face value.
Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
Page 10
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **2 Income from donations and legacies**
|Donations and legacies;
Donations
Legacies
Gift aid reclaimed|**Unrestricted**
**funds**
**General**
**£**
106,351
166,886
4,158
277,395|**Total**
**2021**
**£**
106,351
166,886
4,158
277,395|**Total**
**2020**
**£**
85,237
4,500
5,641|
|---|---|---|---|
||||95,378|
Amounts included above relating to restricted funds total £Nil (2020: £Nil).
## **3 Income from charitable activities**
|Membership|**Total**
**2021**
**£**
-|**Total**
**2020**
**£**
32,455|
|---|---|---|
Amounts included above relating to restricted funds total £Nil (2020: £Nil).
## **4 Income from raising funds**
|Local fundraising and street collection income|**Unrestricted**
**funds**
**General**
**£**
1,183
1,183|**Total**
**funds**
**£**
1,183
1,183|**Total**
**2020**
**£**
5,841|
|---|---|---|---|
||||5,841|
Amounts included above relating to restricted funds total £Nil (2020: £Nil).
## **5 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**funds**
**General**
**£**
17|**Total**
**2021**
**£**
17|**Total**
**2020**
**£**
5|
|---|---|---|---|
Amounts included above relating to restricted funds total £Nil (2020: £Nil).
Page 11
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **6 Expenditure on raising funds**
|**6**
**Expenditure on raising funds**||
|---|---|
|**Direct costs**
**£**
**Total**
**2021**
**£**
Fundraising costs
380
380
Amounts included above relating to restricted funds total £Nil (2020: £Nil).|**Total**
**2020**
**£**
5,934|
|||
## **7 Expenditure on charitable activities**
|**Note**
Direct costs
Donations to RSPCA North Wiltshire
Staff costs
11
Support costs
Governance costs
8
**Direct costs**
**£**
Animal feed
5,962
Medical expenses
7,215
Establishment costs
-
Repairs and maintenance
-
Telephone
-
Cleaning and skip hire
-
Motor expenses
-
Office expenses
-
Legal and professional fees
-
Staff training
-
Depreciation
-
13,177|**Unrestricted**
**funds**
**General**
**£**
13,177
182,566
11,000
23,289
3,286
233,318
**Support**
**costs**
**£**
-
-
6,256
657
663
12,241
758
2,036
11,678
-
-
34,289|**Total**
**2021**
**£**
13,177
182,566
11,000
23,289
3,286
233,318
**2021**
**£**
5,962
7,215
6,256
657
663
12,241
758
2,036
11,678
-
-
47,466|**Total**
**2020**
**£**
17,588
-
144,499
63,524
6,486|
|---|---|---|---|
||||232,097|
||||**2020**
**£**
5,750
11,838
13,684
1,350
1,240
11,397
6,986
4,612
7,031
930
16,294|
||||81,112|
Page 12
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
Amounts included above relating to restricted funds total £Nil (2020: £5,615).
## **8 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Other fees paid to examiners
Legal fees|**Unrestricted**
**funds**
**General**
**£**
950
2,336
-
3,286|**Total**
**2021**
**£**
950
2,336
-
3,286|**Total**
**2020**
**£**
1,200
3,600
1,686|
|---|---|---|---|
||||6,486|
## **9 Net incoming/outgoing resources**
Net outgoing resources for the year include:
|Depreciation of fixed assets
Independent examination fees
Accountancy fees|**2021**
**£**
-
950
2,336|**2020**
**£**
16,294
1,200
3,600|
|---|---|---|
Page 13
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **10 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **S Forrest**
£652 (2020: £4,694) of expenses were reimbursed to S Forrest during the year.
Expenses were reimbursed for vehicle expenses, animal feed and mobile phone charges.
Donations made by the trustees without any conditions attached totalled £Nil for the year (2020 - £180).
## **11 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs
Redundancy payments
Other staff costs|**2021**
**£**
-
-
-
-
11,000
11,000|**2020**
**£**
128,094
4,401
1,821
10,183
-|
|---|---|---|
|||144,499|
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
|||**2021**|**2020**|
|---|---|---|---|
|||**No**|**No**|
|Charitable|activities|-|8|
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £Nil (2020 - £13,593).
## **12 Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 14
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **13 Tangible fixed assets**
|**Cost**
At 1 April 2020
Transfer to RSPCA North Wiltshire
At 31 March 2021
**Depreciation**
At 1 April 2020
Transfer to RSPCA North Wiltshire
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020|**Land and**
**buildings**
**£**
229,840
(229,840)
-
51,484
(51,484)
-
-
178,356|**Furniture and**
**equipment**
**£**
25,727
(25,727)
-
21,825
(21,825)
-
-
3,902|**Motor**
**vehicles**
**£**
29,795
(29,795)
-
12,398
(12,398)
-
-
17,397|**Total**
**£**
285,362
(285,362)
-
85,707
(85,707)
-
-
199,655|
|---|---|---|---|---|
Included within the net book value of land and buildings above is £Nil (2020 - £Nil) in respect of freehold land and buildings and £Nil (2020 - £178,356) in respect of leaseholds.
## **14 Cash and cash equivalents**
|Cash at bank
**15 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals|**2021**
**£**
5,267
**2021**
**£**
5,393
-
6,315
2,693
14,401|**2020**
**£**
10,690|
|---|---|---|
|||**2020**
**£**
-
1,341
52,265
4,800|
|||58,406|
Page 15
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
|**16 Funds**
**Unrestricted funds**
**_General_**
Unrestricted
**_Designated_**
Wildlife Centre
**Total unrestricted funds**
**Restricted funds**
Motor vehicle
Wildlife Centre
**Total restricted funds**
**Total funds**
**Unrestricted funds**
**_General_**
Unrestricted
**_Designated_**
Wildlife Centre
**Total unrestricted funds**
**Restricted**
Motor vehicle
Wildlife Centre
**Total restricted funds**
**Total funds**|**Balance at 1**
**April 2020**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Balance at 31**
**March 2021**
**£**
(43,739)
278,595
(243,990)
(9,134)
141,202
-
(141,202)
-
97,463
278,595
(385,192)
(9,134)
17,320
-
(17,320)
-
37,156
-
(37,156)
-
54,476
-
(54,476)
-
151,939
278,595
(439,668)
(9,134)
**Balance at**
**1 April**
**2019**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
**Balance at**
**31 March**
**2020**
**£**
39,688
133,679
(225,169)
8,063
(43,739)
156,512
-
(7,247)
(8,063)
141,202
196,200
133,679
(232,416)
-
97,463
20,988
-
(3,668)
-
17,320
39,103
-
(1,947)
-
37,156
60,091
-
(5,615)
-
54,476
256,291
133,679
(238,031)
-
151,939|**Balance at 31**
**March 2021**
**£**
(9,134)
-|**Balance at 31**
**March 2021**
**£**
(9,134)
-|
|---|---|---|---|
||||(9,134)|
||||-
-|
||||-|
||||(9,134)|
||||**Balance at**
**31 March**
**2020**
**£**
(43,739)
141,202|
||||97,463|
||||17,320
37,156|
||||54,476|
||||151,939|
Page 16
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
The specific purposes for which the funds are to be applied are as follows:
Unrestricted funds are used for the furtherance of the charitable objects.
Designated funds are unrestricted funds ringfenced by the trustees for the purpose of building the Wildlife Centre. The fund balance relates to the net book value of assets purchased from designated income. Depreciation on these assets is written off annually against the designated fund.
Restricted funds represent the net book value of assets purchased from restricted income. Depreciation on these assets is written off annually against the restricted fund. During 2019 £21,300 of restricted income was received for the purpose of purchasing a motor vehicle. £14,985 of this income was used to purchase a new Mercedes van leaving unspent restricted funds of £6,315 in 2019 and 2020. Restricted income of £48,671 was also received in prior years for the purpose of building the new Wildlife Centre. This amount has been spent and is represented by a tangible fixed asset. See analysis of net assets between funds note below.
## **17 Analysis of net assets between funds**
|Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
10,292
141,202
4,375
-
(58,406)
-
(43,739)
141,202|**Unrestricted**
**funds**
**General**
**£**
5,267
(14,401)
(9,134)
**Restricted**
**funds**
**£**
48,161
6,315
-
54,476|**Total funds**
**at 31 March**
**2021**
**£**
5,267
(14,401)|
|---|---|---|---|
||||(9,134)|
||||**Total funds**
**at 31 March**
**2020**
**£**
199,655
10,690
(58,406)|
||||151,939|
Page 17
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **18 Transfer to RSPCA North Wiltshire**
As at 1 April 2020 the assets and liabilities of the charity were transferred to RSPCA North Wiltshire. The following table sets out the fair values of the assets and liabilities transferred.
|Land and buildings
Motor vehicles
Furniture and equipment
Current assets|**Unrestricted**
**funds**
**£**
-
6,390
3,902
-
10,292|**Designated**
**funds**
**£**
141,202
-
-
-
141,202|**Restricted**
**funds**
**£**
37,156
11,005
-
6,315
54,476|**Total**
**£**
178,358
17,395
3,902
6,315|
|---|---|---|---|---|
|||||205,970|
## **19 Related party transactions**
During the year the charity made the following related party transactions:
## **RSPCA North Wiltshire**
(As from 1 April 2020 the operations of the charity merged with RSPCA North Wiltshire.) During the year the charity received a loan from RSPCA North Wiltshire of £Nil (2020: £52,000), to support the charity's working capital requirements. The loan is interest free and repayable on demand. At the balance sheet date the amount due to/from to RSPCA North Wiltshire was £Nil (2020 - £52,000).
## **C Pope**
(Husband of L Pope, a trustee.)
During the year the charity paid £Nil (2020: £4,600) to C Pope in relation to his sub-contracted role as CEO and was subsequently employed by the charity for the same role from 1 July 2019. His salary has been disclosed within note 11 as key management personnel. L Pope was not involved in the decision making process regarding appointment. C Pope left the employment of the charity and resigned as CEO on 29 February 2020. At the balance sheet date the amount due to/from C Pope was £Nil (2020 - £Nil).
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