Charity registration number: 1177380
## The Oak and Furrows Wildlife Rescue Centre
Annual Report and Financial Statements
for the Year Ended 31 March 2023
## **The Oak and Furrows Wildlife Rescue Centre**
## **Contents (continued)**
|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 15|
## **The Oak and Furrows Wildlife Rescue Centre**
## **Reference and Administrative Details**
## **Chairman**
L Pope
**Trustees** L Pope S Forrest M Bowyer C J Laurence A Murray **Charity Registration Number** 1177380 **Principal Office** Blakehill Nature Reserve Malmesbury Road Leigh Wiltshire SN6 6RH **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 2023.
## **Objectives and activities**
## _**Objects and aims**_
Following the transfer of assets and liabilities of the charity to RSPCA North Wiltshire and Newbury District 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 District 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**
General fund raising, charitable activities and donations and legacies totalled £98,600 (2022: £213,602) of which £46,769 (2022: £149,000) was received in respect of legacies. No income was received in the year with restrictions.
The charity is required to have the accounts independently examined which cost £1,320 (2022: £1,230).
## _**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 2023 was £7,289 (2022: £188,258) and the level of restricted reserves was £Nil (2022: £Nil).
## **Going concern**
On 1 April 2020, The Oak and Furrows Wildlife Rescue Centre passed all trade and assets across to RSPCA North Wiltshire and Newbury District Branch 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.
## **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 (continued)**
The annual report was approved by the trustees of the charity on 18 December 2023 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 Charities (Accounts and Reports) Regulations 2008, 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 corporate and financial information included on the charity's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 18 December 2023 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 trustees on my examination of the accounts of The Oak and Furrows Wildlife Rescue Centre for the year ended 31 March 2023.
## **Responsibilities and basis of report**
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**
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
20 December 2023
Page 5
## **The Oak and Furrows Wildlife Rescue Centre**
## **Statement of Financial Activities for the Year Ended 31 March 2023**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Total income
**Expenditure on:**
Raising funds
3
Charitable activities
4
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
11|**Unrestricted**
**funds**
**£**
98,600
98,600
(766)
(278,803)
(279,569)
(180,969)
(180,969)
188,258
7,289|**Total**
**2023**
**£**
98,600
98,600
(766)
(278,803)
(279,569)
(180,969)
(180,969)
188,258
7,289|**Total**
**2022**
**£**
213,602|
|---|---|---|---|
||||213,602|
||||(996)
(15,214)|
||||(16,210)|
||||197,392|
||||197,392
(9,134)|
||||188,258|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 11.
The notes on pages 8 to 15 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 2023**
|**Note**
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
10
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
11|**2023**
**£**
12,517
1,423
13,940
(6,651)
7,289
7,289
7,289|**2022**
**£**
148,000
44,034|
|---|---|---|
|||192,034
(3,776)|
|||188,258|
|||188,258|
|||188,258|
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 18 December 2023 and signed on their behalf by:
......................................... L Pope Chairman and trustee
The notes on pages 8 to 15 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 2023**
## **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. The accounts (financial statements) 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.
## **Exemption from preparing a cash flow statement**
As allowed by the Charities SORP (FRS 102) the trustees have opted not to include a statement of cash flows due to the size of the charity.
## **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 and Newbury District Branch 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 2023 (continued)**
## _**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.
## **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 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.
## **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.
## **Trade creditors**
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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 9
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
## **Financial instruments**
## _**Classification**_
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 2023 (continued)**
## **2 Income from donations and legacies**
|Donations and legacies;
Donations
Legacies|**Unrestricted**
**funds**
**General**
**£**
51,831
46,769
98,600|**Total**
**2023**
**£**
51,831
46,769
98,600|**Total**
**2022**
**£**
64,602
149,000|
|---|---|---|---|
||||213,602|
Page 11
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **3 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|Fundraising costs
**4**
**Expenditure on charitable activities**
**Note**
Donations to RSPCA North Wiltshire and
Newbury District Branch
Support costs
4
Governance costs
5
Office expenses
**5**
**Analysis of governance and support costs**
**Governance costs**
Independent examiner fees
Examination of the financial statements
Other fees paid to examiners|**Unrestricted**
**funds**
**General**
**£**
766
**Unrestricted**
**funds**
**General**
**£**
275,802
125
2,876
278,803
**Support**
**costs**
**£**
125
**Unrestricted**
**funds**
**General**
**£**
1,320
1,556
2,876|**Total**
**2023**
**£**
766
**Total**
**2023**
**£**
275,802
125
2,876
278,803
**2023**
**£**
125
**Total**
**2023**
**£**
1,320
1,556
2,876|**Total**
**2022**
**£**
996|
|---|---|---|---|
||||**Total**
**2022**
**£**
11,034
135
4,045|
||||15,214|
||||**2022**
**£**
135|
||||**Total**
**2022**
**£**
1,230
2,815|
||||4,045|
Page 12
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **6 Net incoming/outgoing resources**
Net (outgoing)/incoming resources for the year include:
|Independent examination fees
Accountancy fees|**2023**
**£**
1,320
1,556|**2022**
**£**
1,230
2,815|
|---|---|---|
## **7 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **8 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **9 Debtors**
|Due from group undertakings
Accrued income
**10 Creditors: amounts falling due within one year**
Trade creditors
Accruals|**2023**
**£**
6,000
6,517
12,517
**2023**
**£**
3,170
3,481
6,651|**2022**
**£**
-
148,000|
|---|---|---|
|||148,000|
|||**2022**
**£**
-
3,776|
|||3,776|
Page 13
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **11 Funds**
|**11 Funds**|||||
|---|---|---|---|---|
|**Unrestricted funds**
**_General_**
Unrestricted
**Unrestricted funds**
**_General_**
Unrestricted|**Balance at 1**
**April 2022**
**£**
188,258
**Balance at 1**
**April 2021**
**£**
(9,134)|**Incoming**
**resources**
**£**
98,600
**Incoming**
**resources**
**£**
212,822|**Resources**
**expended**
**£**
(279,569)
**Resources**
**expended**
**£**
(15,430)|**Balance at 31**
**March 2023**
**£**
7,289|
|||||**Balance at 31**
**March 2022**
**£**
188,258|
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.
## **12 Analysis of net assets between funds**
|**12 Analysis of net assets between funds**|||
|---|---|---|
|Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
13,940
(6,651)
7,289
**Unrestricted**
**funds**
**General**
**£**
192,034
(3,776)
188,258|**Total funds**
**at 31 March**
**2023**
**£**
13,940
(6,651)|
|||7,289|
|||**Total funds**
**at 31 March**
**2022**
**£**
192,034
(3,776)|
|||188,258|
Page 14
## **The Oak and Furrows Wildlife Rescue Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **13 Related party transactions**
During the year the charity made the following related party transactions:
## **RSPCA North Wiltshire and Newbury District Branch**
(As from 1 April 2020 the operations of the charity merged with RSPCA North Wiltshire and Newbury District Branch.)
During the year the charity made donations of £275,802 (2022 - £11,034) to RSPCA North Wiltshire and Newbury District Branch. At the balance sheet date the amount due from RSPCA North Wiltshire and Newbury District Branch was £6,000 (2022 - £Nil). No interest is charged on the loan.
Page 15