REGISTERED CHARITY NUMBER: 1185169
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD
4TH SEPTEMBER 2019 TO 28TH FEBRUARY 2021
FOR
THE HAPPY PANTS RANCH
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
THE HAPPY PANTS RANCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 4TH SEPTEMBER 2019 TO 28TH FEBRUARY 2021
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Report of the Trustees |
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to |
2 |
Independent Examiner's Report |
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3 |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
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5 |
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Notes to the Financial Statements |
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8 |
THE HAPPY PANTS RANCH
REPORT OF THE TRUSTEES FOR THE PERIOD 4TH SEPTEMBER 2019 TO 28TH FEBRUARY 2021
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityforthe period
4thSeptember2019to28thFebruary2021.ThetrusteeshaveadoptedtheprovisionsofAccounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities for the public benefit
Theobjectsofthecharityaretooperateasasanctuaryforunwantedandabandonedanimals.It carries
thisoutbymakingavailablepremiseswhichhavebeenadaptedasasanctuary,knownasHighVistas, to
provideaccommodationforunwantedanimals.Thetrusteesconfirmthattheyhavereferredto the
CharityCommission’sguidanceonpublicbenefitwhenreviewingthecharity'saimsandobjectives, in
planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the charity continued to operate as a sanctuary for unwanted and abandoned animals.
FINANCIAL REVIEW
Reserves policy
Itisthepolicyofthetrusteestomaintainunrestrictedfunds,whicharefreereservesofthecharity, for
investmentinlandandbuildingstooperateasasanctuaryforunwantedandabandonedanimalsand the
balance of unrestricted funds is available to meet continuing administrative costs.
FUTURE PLANS
Thetrusteeswillcontinueitspolicytoprovideasanctuarytohelpthesufferingofunwanted and
abandoned animals.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was registered on 4 September 2019 as a CIO (Charitable Incorporated Organisation).
Induction and training of new trustees
Welookwithinourvolunteersandsupporterstohelpfindnewtrustees.Newtrusteesaregiven support
tolearnthelayoutofthecentre,introducedtostaff,volunteersandtheanimals.Newtrusteesalso get
timetoshadowexistingtrusteesandthechancetoattendstaff/fundraisingmeetings.Depending on
amountofvoluntaryhourstheycancommittotheworkingofthesanctuaryofficeandrecord keeping
systems are available to learn.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1185169
Principal address
Iwade Road
Bobbing
Sittingbourne
Kent
ME9 7HY
Trustees
Ms A James (appointed 4/9/2019)
R Bannister (appointed 4/9/2019)
Ms J Slucock (appointed 4/9/2019)
D W Blackmore (appointed 4/9/2019)
The first charity trustees are appointed for terms between four and two years.
All future trustees must be appointed for a term of three years.
Page 1
THE HAPPY PANTS RANCH
REPORT OF THE TRUSTEES FOR THE PERIOD 4TH SEPTEMBER 2019 TO 28TH FEBRUARY 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Miss Samantha Whiting FCA
Institute of Chartered Accountants in England and Wales
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
Approved by order of the board of trustees on 2nd December 2022 and signed on its behalf by:
Ms A James - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE HAPPY PANTS RANCH
Independent examiner's report to the trustees of The Happy Pants Ranch
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheHappyPantsRanch(the Trust)
for the period 4th September 2019 to 28th February 2021.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.
Independent examiner's statement - matters of concern identified
I have completed my examination.
Ihaveidentifiedmattersofconcernthatgivemereasonablecausetobelievethataccounting records
were not kept in respect of the Trust as required by section 130 of the Act.
Theaccountingrecordsdidnotcontaindetailsofallsumsofmoneyreceivedandexpendedbythe charity
andthereforeanaccuratepositionofthefinancialpositionofthecharityatanytimewasunknown. The
onlyrecordsmaintainedwereamonthlytotalsofincomeandexpensesfromthebankstatements, there
were no records of cash transactions. Receipts were retained for expenses but nothing to support income.
Iconfirmthatnoothermattershavecometomyattentionthatgivemecausetobelievethatin any
material respect:
1. except for the matter of concern noted above accounting records were not kept in respect of the Trust 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 applicable 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.
Iconfirmthattherearenoothermatterstowhichyourattentionshouldbedrawntoenablea proper
understanding of the accounts to be reached.
Miss Samantha Whiting FCA
Institute of Chartered Accountants in England and Wales
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
7th December 2022
Page 3
THE HAPPY PANTS RANCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 4TH SEPTEMBER 2019 TO 28TH FEBRUARY 2021
|
|
Unrestricted |
|
|
fund |
|
Notes |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
Donations and legacies |
|
89,415 |
EXPENDITURE ON |
|
|
Charitable activities |
|
|
Running an animal rescue centre |
|
121,819 |
NET INCOME/(EXPENDITURE) |
|
(32,404) |
TOTAL FUNDS CARRIED FORWARD |
|
(32,404) |
The notes form part of these financial statements
Page 4
THE HAPPY PANTS RANCH
BALANCE SHEET 28TH FEBRUARY 2021
|
|
Unrestricted |
|
|
fund |
|
Notes |
£ |
FIXED ASSETS |
|
|
Tangible assets |
5 |
20,396 |
CURRENT ASSETS |
|
|
Cash at bank |
|
4,360 |
CREDITORS |
|
|
Amounts falling due within one year |
6 |
(57,160) |
NET CURRENT ASSETS/(LIABILITIES) |
|
(52,800) |
TOTAL ASSETS LESS CURRENT |
|
|
LIABILITIES |
|
(32,404) |
NET ASSETS |
|
(32,404) |
FUNDS |
8 |
|
Unrestricted funds |
|
(32,404) |
TOTAL FUNDS |
|
(32,404) |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
2nd December 2022 and were signed on its behalf by:
A James - Trustee
The notes form part of these financial statements
Page 5
THE HAPPY PANTS RANCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 4TH SEPTEMBER 2019 TO 28TH FEBRUARY 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Improvements to property- 4% on cost
Plant and machinery- 20% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 28th February 2021.
Trustees' expenses
There were no trustees' expenses paid for the period ended 28th February 2021.
continued...
Page 6
THE HAPPY PANTS RANCH
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4TH SEPTEMBER 2019 TO 28TH FEBRUARY 2021
3. STAFF COSTS
The average monthly number of employees during the period was as follows:
Ranch operations
1
No employees received emoluments in excess of £60,000.
4. INDEPENDENT EXAMINATION FEES
Independent examination fees of £2,160 have been charged in these accounts.
5. TANGIBLE FIXED ASSETS
|
Improvements |
|
|
|
|
|
to |
Plant and |
Motor |
Computer |
|
|
property |
machinery |
vehicles |
equipment |
Totals |
|
£ |
£ |
£ |
£ |
£ |
COST |
|
|
|
|
|
Additions |
12,000 |
4,426 |
6,700 |
465 |
23,591 |
DEPRECIATION |
|
|
|
|
|
Charge for year |
480 |
885 |
1,675 |
155 |
3,195 |
NET BOOK VALUE |
|
|
|
|
|
At 28th February 2021 |
11,520 |
3,541 |
5,025 |
310 |
20,396 |
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
7. LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
£
57,160
£
55,000
8. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
in funds
£
(32,404)
(32,404) |
At
28/2/21
£
(32,404)
(32,404) |
|
|
|
continued...
Page 7
THE HAPPY PANTS RANCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 4TH SEPTEMBER 2019 TO 28TH FEBRUARY 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
89,415
89,415 |
Resources
expended
£
(121,819)
(121,819) |
Movement
in funds
£
(32,404)
(32,404) |
|
|
|
|
9. RELATED PARTY DISCLOSURES
Duringtheperiod,thetrusteesDBlackmoreandMsAJameslentthecharity£15,000 and
£55,000.TheamountborrowedfromDBlackmorewasrepaidbythecharityon22February 2021.
TheamountowedtoMsAJameswasoutstandingattheperiodendandisincludedin other
creditors.Therearenorepaymenttermsfortheoutstandingloanandneitherloanaccrued interest
during the period.
10. ULTIMATE CONTROLLING PARTY
The charity is ultimately controlled by its board of trustees.
Page 8