CHARITY REG18TRATION NUMBER: 1185169 The Happy Pants Ranch CIO Unaudited Flnanclal Statements 28 February 2025
The Happy Pants Ranch CIO Flnanclal Statements Year ended 28 February 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activilies Statement of financial position Notes to the financial statements
The Happy Pants Ranch CIO Trustees, Annual Report Year ended 28 February 2025 The Irusl&es pr6senl Ihelr reporl and ihe unaudlled flnancial statements of the charity for the year ended 28 February 2025. Rgferonce and admlnl$trative details Reglstered charlty name Th8 Happy Pants Ranch CIO Charfty reglstratlon numbèr 1185169 Prlnclpal offl¢e The Happy Pants Ranch Iwad& road Bobbing Slttingboume Kent ME9 8QD The trustees Ms A James Mr R Bannister Ms J SIL+cock Mr S Newsom Mr D W Blackmore (Resigned 20 January 20251 (Reslgned 20 January 20251 (Appolnled 20 January 2025) Structurei govèmanco and management Governing Document The charity was reglsleied on 4 Seplemb9r 2019 as a CIO Icharllable Incorporalad Organlsallonl. Introduction and training We look within our volunteers and supporters lo help lind new Iruslees. New Iruslees are gwen sijpport lo learn the layout of the cenlre. introduced lo staff, volunleeTS and the animals. New Iruslees also gel tlme lo shadow existing trustees and Ihe chance lo allend slaffl fundraising meeting5. Depending on amount ol volvnlary hours they can commit lo the working of the sanctuary office and record keeping systems are available lo learn. Oblectlvfjs and ?¢tlvltl&$ Objectives and aclivilies lor the public benefit Th8 oblecls of the charlly arè to operate as a sanctuary for unwanled and abandoned animals. 11 carries this out by making availabl& premlses whlch have been adapted as a sancluary. lo provlde accommodaliDn for unwanl8d animals. The Iruslees confirm that they have referred lo the ChaTIIy Commission's guKJancè on public benefit when reviewing the charity's aims and objectives. in planning futu aclivilies.
The Happy Pants Ranch CIO Trustees, Annual Report (eantlntsèd) Year ended 28 February 2025 Achlevements and p&rformancè Charllabl& acllvllles During the year, thp charity continued lo operale as a sanciuary for unwantèd and abandonod animals. The Happy Pants Ranch have experienced some very difficult challenges in the lasl couple of years, and this has had a profound impact on th8 8bilily of the Trustees lo manage the Charity lo th6 standards that wa, our supporters, the public 2nd tha authorities 8xp8cI, We are using this statement. being a formal maller of public record, again to OLtlline Some of the Issues we have faced and as il is unencumbered by the idlosyncrasies of social media (sadty. the modern world's main communication ehannell, we hope il will provide an honest, Clear, accurale and concise overview of the s181us of the Charity. The ovèrriding message is lo show the reader that whilst we have done some good work with regards lo animal welfare. we fully undersland Iheie are some railings. Wg want lo demonslral8 that we ar8 apologetic but are not ignoring mallers., that we are not making excuses, bul we do have tangible reasons why we find ourselves facing some diflicullies. As can bB se8n liom the various issues bolow. Ihg Charity has beon und8r enormous pressure both In terms of resource and finances. 11 Reporting. We acknowledge that we have not been efficient in complying with our stalulory obligations gnd the Trustees lake full responslbility for lale filing. We had previously engaged a book keeper Isole Iraderl lo prepare our accounts, bul they subsequently delivered inadequate records and this caused us lo miss Ihe original filing date. We then engaged with a Chartered AccoLtnlanl lo revisit and prepare the accounts bul there was a discrepancy between scope and expeclalions, so the submisslon was further delayed. We are 18kSng action lo ensure lutuie submlssions are made in good tlme. We have b88n Ilalsing and co-operating wlth the Chari118s CDmmisslon wilh regards lo Ihls. 21 Volunteers Th8 volunteers I'Ranch Cre) that attend to help look after the animals are the lifeblood of the charity and we forever send our heartfelt thanks lor Ihelr support bul Ihore is only so much lime that any individual can givts. 11 is incrèdlbly difflcull lo allract new vOlnIrs, particularly when Inclement weather Pfesenls some unpleasanl working conditions, and this not only puls a strain on the existing Crgw bul it means the Trustees and other supporters that may nol usually work on sile have lo lo divert their Ilme and resource lo animal welfare ihe outcome of which Is that managerial, adminislralive and fund raising mallers may not be Priorilised. Recent events have v8Stly &xacerbaled this siluallon and human resource for anlmal care is severely stretched Isee #8 below). 31 Planning When we first occupied the slle with the kind permlssion ol the Landloid, we somewhat naively assumed that the prevailing planning permissions lor usage Ilhat being lor use as a commercial f8rml would apply lo Ihe charily's aclivilies. We accept in hindsighl Ihal we should have soughl guidance and advice al the lime, which w& know now would havè shown us th81 an application lor change of use" would have been required. Swale 8orough Council sb$eqUentty Issued an enforcèment nollce against the current use and we sought Iggal support Ifom a local firm Ihal offered CDmpelilively priced help. Regrollably this firm W8re
The Happy Pants Ranch CIO Trustees. Annual Report fcontlftuedj Year ended 28 February 2025 not tione flde Solieilors, thus not regulated by the SRA. so we fell victim lo some inadequate and in some cases, delrimenlBI advice. all of which hindered the appeal process. damaged communicallon channels wSlh the Local Aulhorily and affected our credibilily in Ihè eyes of the public. Fortunalety. over the past 8 months we have been supported by a new film ol Solicllors who h8V& been in constant communication with the Lal Authority and are helping with a new proposal which has already been submi118d for pre-applicalion plannlng advlce. 41 Nolse In 2023 the Local Authority issued a noise abalemenl notice following a complainl from a local resident. OLJr delence was initially hindered because, again, we received an inadequate seTvice from our previous legal advisor, bul as befo. our new Solicitors have maintained posilive dialogue on our behalf. The mallor is ongoing bul wg are robustly protecting the Charity's Position. 51 Water Last year wg rècelvèd an unexpected bill from Southeast Water - for around £80,000. They claimed Ihal there was a leak In the supply plp8 wSlhln the curtllage of the land we occupy. The evid8nc8 was not conclusive so we are CUTrenlly challenglng the claim, bul even with an un¢8rtaln outcome, this maller has placed some stress on the Charity In terms of Ime spent by various rèsource5. 61 Lease A few months ago we 18arned that our Landlord has an ambillon lo sell the lar¥d we occupy and they indicated their inlenlion nol lo renew oui leas8 in 2026. Obviously our immediate reaction was lo sel p a fund raising plallorm in Ihe hope of being able lo secure enough money via donations andlor a mortgage lo then purchase the land for our use. The Landlord has quite falrly agreed that they would conslder an offer from the Charity rf it were in line with a commercial valuation andlor other commercial proposals. Thls matter remains ongoing and we continue lo appeal for donations ID help with purchase costs. 71 Social Media Unfortunately, the Charlly 8n(S Trustees have been thè subjeGI of persistent abuse, crllidsm and in some casgs, threats. from users of various on-llne plallorms. Thbs has not only caused slgnlficanl personal distress bul again il has absorbed a lol of Ilme and resource, lor &xample in responding lo, and delonding against, spurlou5 reports lo various authorities and agencies from "anonymous. complainants. 81 Bird Flu In Ocl 2026 Ihe Charlty suffered 8 calaslrophic evenl with 8n outbreak of Avian Influenz8. This led lo the culling of around 130 birds and has resulted in a 12 month robust "lockdown. whereby all vehicle movements have lo be Tegiglered an(5 reported to the Animal and Plant Health Agency. All visitors have to be licenced for entry whlch reslrlcls the movem&nl of volunteers and 11 means of course that Ihg g6n8ral public and other visitors are, for all practical purposes, now unable lo visit the slle. There have been somg considerable expenses in respect of waste disposal, cleaning and sanillsing areas of the Ranch and there are ongoing costs, potentially as mu¢h as £16K in relallon lo APHA lesling that will severely impact the Charlly. This ¢hapter in the Chadly's history has beèn nothing short of devaslaling and nolwilhslanding the financial implkallons, il has placed a huge personal loll on the Trustees, volunteers and supporlgrs.
The Happy Pants Ranch CIO Trustees, Annual Report leonllnued) Year ended 28 February 2025 Financlal review Reservès pollcy. 11 is Ihe policy of the Iruslees to maintain unreslrlcled funds, whh ale free reseives of the charity, for investment in land and buildings lo operate as a sanctuary for unwanted and abandoned animals and the balance ol unreslrlcled funds is av8ilable lo meet continuing adminislTalivè costs. The financial year ended 28 February 2025 has returned a surplus of £22,862 which has improved the overall financial position ol Ihe Charity to1£30,3981 from {£53,2601. Golng Concem The financial slalemenls have been prepared on the going concèrn bas15 based on the conlinuing support of the Trustees. Ms A Jarnes. a Iruslee, is the charity's largest creditor and has confirmed her full support lo the char¢ly. Plan8 for futurè periods Despite the setbacks, unforeseen problems and sell generated adminislralive failures, the Trustees and supporlars rèmain posilivg about the future. Wa have a Stronger and morè experienced loam around us that wlll ensure compliance is brought up lo dale and remalns so going forward. We have some plans lor the Charlly's aclivi11gs that will bring some vgry strong benefits lo the local community and we will'rebuild" after Ihe devastation of the Bird Flu oulbr8ak. Some matlprs remain outside our control, for example wlth the lease and the potential sale of the L2nd, bul w& are oplimislic that we can scale up th8 lundlalslng and place ourselves in a position wher& we can make an acceptable offer lo the Landlord and purchase the si18, securing our long term lulure. To our supporters - we'd like to thank you for everythlng you have don8 the Ranch over the past 6 years and hop8 you'll be around lo help us in thè fulufè. We coukl not do this wilhoul you. To our delraclors - we understand why you feel frustration over our failures bul we assure you Ihal none of ihe issues are mali¢ious, premedilaled or Iraudulenl. We are guilty of not keeping our house In order bul we are worklng hard lo ensure we now do Ihlngs properly, aThY we'd welcome a lilue kindnèss and understanding. The Iruslegs, annual report was approved on 0110312026 Irusle&s by.. and slgned C*n behalf of the board of Ms A James Trustee
The Happy Pants Ranch CIO Independent Examlner's Report to the Trustees of The Happy Pants Ranch CIO Year ended 28 February 2025 I report lo the Iruslees on my examination of the financ181 slalemenls of The Happy Pants Ranch CIO I'lhe charity) lor the year ended 28 February 2025. Responslbllltles and basls of report As the Iruslees of the charity you are responsible for the preparation of the financlal stsiemenls in accordance with the requirements of the Charllies Acl 20111'lhe Acl'l. I report in respect of My examlnalion of the Charity's flnancial slalements carried out under section 145 of the 2011 Acl and in carrying out my examination I have followed all the appllcable Direcllons given by the Charity Commission under seclion 14SI51{b) of the Acl. Independent examlner's statement - matter of concern Identlfled I havè complèted my examination. I have Identified matters of Concern that glve me reasonable cause lo belleve that accounting records were not kept in respect of the Trust as required by Section 130 of Ihe Act. The charity uses online accounting sofvaro lo maintain accounting records, Ihis software did not contain details ol all transactions occurring during the accounting year and therefore an 8ccurale view ol the fin8nclal position of the ch8Tity al any lime was unknown. There was also no record of cash Iransactitifis maintained, this has resulted in an inability lo allocate cash payfnenls appropriately. We have been advised that cash was misappropriated during the yoar. although a value has not been determined, note 5 details this issue. Transactlon lesling has highlighted that rèceipts were relalned for exp8nses but not all lo support income. No formal fixed asset regislei is maintained by the Chaiity to understand the fixed assets il holds al any point In timg. I confiim that no other mallers have come lo my allenlion in connection with my examlnalion giving me cause lo believe that in any material respecl: accounllng records were not kept In respect of the ch8rfly as required by secuon 130 of the Act.. or the finandal 8lalèmenls do not accord with those records., or the financial slalements do nol comply wlh Ihtr applicable requirements ¢oncerning lh8 form and conlenl of accounts sel out in the Charities (Accounts and Reporlsl'Regulalions 2008 other than any requirement that the accounts give a 'lrue and lairf view which is not a matter considered as part of an indewndenl examination. I confirm that there are no other mallers lo which your attentlon should be drawn lo enable a proper undeTslandin9 of the accounts to be reached. cow ILo17 a, Burgess Hodgson Audit Limited Independent Examiner
The Happy Pants Ranch CIO Statèmont of Flnanclal Actlvltles Year ended 28 February 2025 2025 Unieslricl8d funds Total funds Total funds 2024 Income and endowments Donations and legacies Inv*slment incom6 74,998 68 74.998 68 5S,258 Totsl Incom8 75.066 75,066 55,262 Expendlture Expenditure on charitable 8ctivilie8 Total 8xp•ndlture 51,024 Sl.024 60.359 51,024 S1,024 60.359 Net Sncomel{expendlturel and net movement In funds 24,042 24,042 15,097} Recon¢lllatlon of fund# Totsl funds brought forward Total fund• c8rrl•d forward 153,2601 129.2181 153,280) 129,218) 148,1631 {53.260> The 81algment of finonci•l èclNili&s includè$ all gain$ and losse$ fe¢ognl8ed in the year. Atl Income and expendllure derive from continulng a¢tivilies. Th• notts on pag9¥ 8 to 13 lorm part of tho8• fln&n¢l•l ¥tat•monts.
The Happy Pants Ranch CIO Statement of Flnanclal Po$itlon 28 February 2025 2025 2024 Not• Flxed as80ts T8ngible flxe(J assets 11 19,245 22,353 Currènt assèts Cash al bank and in hand 32,606 6,837 Credltors: amounti falllng due wlthln one yèar Other credllors Including laxatlon and $oclal s&¢uilty Accruals and deferred Income 12 76,149 4,920 81,069 48.463 77.530 4.920 82,450 Net ¢urront liabllitl&8 75,613 Total 888ots lè18 currènt Ilabllltiès 129,218) {29,218) 153,260) 153.260) Net Ilabllltle$ Fund¥ of the charlty Unrèslri¢ted funds 129.2181 {29,218} 153,260) 153.2601 Tot&1 charlty funds 13 These financial statements weie opproved by Ihg board of Iruslees ond aulhorised for issue on , and are slgned on behalf of the board by.. Ms A James Truste Tho not•s on pag•• 8 to 13 form p•rt of the$t flnancl81 •¢atem•nts.
The Happy Pants Ranch CIO Notes to the Financial Stalements Year ended 28 February 2025 General Informatlon The charity is a public benefit enlily and a registered charity In England and Wales and is unincorporated. The address of the principal office 15 The Happy Pants Ranch, Iwade Road, Bobbing. SillingbDurne, Kent. ME9 8QD. statement of compllance These financial slalemenls h8ve bgen prepargd in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Slat&menl of Recommendèd Praclice applicable lo charillès preparing their 8ccounls in accordance with the Financial Reporting Sl8ndard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 1021} and the Charities Act 2011. Accounting policies Bas1$ of pr¢paratSon Th& financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabililies and investment properties measuied al fair value through incoTne or expenditu. The financial slalemenls are pr9pared in ster11ng, which Is the functional curr6ncy of the entlty. Golng concern As al the year end, the Charity had deficient reserves of £30,39812024-. £53,260). The Charlty Is supported by a loan from il'¥ Trustee. Ms A James, who has conflrmed her ongotng support for the Charity. Judgement$ 8nd key $our¢e$ of estlmatlon un¢ertalnty Th8 preparation of the financial slalements r8quir&s managernènl lo make judg8menl8, eslimales and assumptions that affect the amounts reported. Accounting eslimales and assumptions are made conceming the future and. by their nature. will rarely equal the related actual outcome. These eslimales and judgements are continually reviewed and are based on experience and other factors, Including expeclallons of futu even18 that are believed ID be reasonoble under the circumstances.
The Happy Pants Ranch CIO Notes to the Flnanclal Stalements (coftthy¢dJ Year ended 28 February 2025 A¢countlng pollcigs (¢DlltlnuedJ Incomlng resovrces All incoming ièsources are included in the statement ol flnancial 8clivilies when enlillemenl hgs passed lo the charity.. il is probable that the economic benefils associated wilh the Iransacllon will flow lo the ¢harily and the amount can bg reliably moasured. The lolk)wing specific policies are applled to p8rt1¢ular categories of income.. income from donallons or grants Is recognlsed when there Is evlden¢e of enllllemenl lo thè glft, recelpl is probable and 118 amounl can be measured relSably. legacy incomè recognised when receipt is probable and &nlillemenl is established. income from donated gTh)ds Is meBsured at the foir value of the goods unless thls is SmpraclScal lo measure rèliably, In whlch case the value Is derfvèd from the cost lo the donor or the tsslimaled resale value. Donated facllili8s and servlces are recognise(J in the accounts when received il the value can be reliably measured. No amounts are included lor tho contribution of general volunteers. income from contracts for the supply of services Is recDgnised with the delivery of the contracted service. This is classilied as unreslricl&d funds unless there is a conlraclual requirement for il lo be spent on a particular purpose and returned if unspent, In whlch case it may be regarded as reslricled. Resources eXnded Expenditure is recognised on an accruals basls as 8 liability Is Incurred. Expen(Silure includes any VAT which cannot be fully recovered, and is classified urmler headings of the slalemenl ol rinancial acllvllles lo whlch St r@lalgs'. expendllure on raising funds Includes the costs of all lundralslng acllvllles. events, non-¢haritable trading aclivilies. and the sale of donated goods. expenditure on charitable activities includès all costs incurred by a charity In underlaklng activities Ihal further ils charitable aims for the benefit ol ils beneficiaries, including those support costs and costs re181ing lo the governance of the charity apportioned lo charitable aclivilies. other expenditure includ&s all oxpendilure that Ss neither related lo raising funds for the charily nor part of its expenditure on charitable aclivili8s. All costs are allocated lo expendilure categories refteclin9 the use of the resource. Direct costs 8ltribul8ble lo & single activity are allocated directly Its that aelivily. Shared costs are apportioned beiw8en the activities they conlrlbule lo on a reasonablg. lusufiable and consislenl basls. Tanglblg ass8ts Tangible 888els are inlllally recorded at cost, and Subsequently slated al cost less any Èccumulaled deprecSalion and impalrmenl IDsses. Any langible assets Carried al revalued amounts are 18corded al the falr value al the dale of revalualSon less any subsequ8nl 8ccumulalBd depreclalion and subsequent accumulated Impalmenl losses.
The Happy Pants Ranch CIO Notes to the Flnanclal Statements ittsnlknupd) Year ended 28 February 2025 A¢countlng poll¢lfr8 (contlnuedj Tanglble assets l¢onllnued) An increase in the carrying amount of an asset a8 a result of a revalLtalion, is recognised in other recognised gains and losses, unless Il reverses a charge lor impairfnenl that has previously been recognised as expenditure wilhin the slal8menl ol flnancial a¢tivllles. A d8crease in the carrying amount Df an asset as a r&sull of revaluation, is recognis8d in othèr recognised gains and losses, except to which il offsets any previous revaluation gain. In which case Ihe loss is shown within other recognised gains and losses on th8 slat&m8nl of financial aclivilies. Doprgclotlon Depreciation is calculated so as lo write off the cost or valuation ol an asset, less ils r&sldual value. over Ihg useful gconomic life ol that asset as follows: Long leasehold property P10nl and machinery Motor vghiclgs Equipment 4% slraighl line 20% reducing balance 25Vo r8ducing balance 33% slralghl line Impalrmont of flxed assets A rèview for Indicators ol Impaimenl Is Carried out al each reportlng dale, with the recoverable amount being eslimaled where suoh indicators exist. Where the cairying valL+8 exceeds the recoverable amounl, the asset is impaired accordingly. Prior impairments afe also reviewed for possible reversal al each r6POrting dale. For the purposes of Impalmenl lesling, when it Is not possible lo esllmale the COverSb¢a amount of an individual assèt, an estimate is made of the recoverable Émounl of the cash-gen8rallng unbl lo which the asset bebngs. The cash-goneralSng un51 is the smallest idenliliable gioup of assets that includes thè asset and generates cash Inflows that largely indep8ndenl of the cash inflows from other asse15 or groups of assets. For impairmenl lesling ol goodwill, the goodwill acquired in a business combination Is, from the acquisition dale, allocated lo each of the c8sh4&neraling units Ih818re expe¢led lo benefit from the synergies of the combinalitsn, irrespective of whether other assets or liabilities ol the charity are assigned to those uni&. Flnancial instruments Flnancial Ilabilities and equity Instrumen¢s are classlfied according to the substance of the conlraclual arrangements entered Into. Debtors and creditors with no staled interest réte an(J rèceiv8ble or payable wilhln one ye8r are recorded al transa¢lion price. Any losses ar¢sing from imp8irmenl are recognised Sn the profil and Ioss account in other adminislralive expenses. Loans and borrowings are initially recognised al the transaction price including transaction costs. Subsequently, they are measured al amortised cost using the effèctive interest rale method, less impaiimenl. If an arrangement conslilules a finance transaction it is measured al present value. 10-
The Happy Pants Ranch CIO Notes to the Flnanclal Statements (COnllnu¢dl Year ended 28 February 2025 Donatlons and legacleB unresth.cled Totsl Funds Unreslncled Total Funds Funds 2025 Funds 2024 Donations Donations 74.998 74.998 55,258 55,258 Investment Incom? Unreslricled Total Fund5 Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receNablè Expendlture on charltsble actlvltles by fund ty Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Animal sanctuary 51.024 51.024 60.359 60,359 Expendlture on charltable actlvltles by 8ctlvlty type Aclivslies undertaken Total funds directty 2025 Total hjnd 2024 Animal sanctuary 51.024 51,024 60,359 Indapend•nt examlnatlon fees 2025 2024 Fees payable lo the independenl examiner k)r. Independent examinal#)n of the financk91 statemenis 2,SOO Staff costs The average he1 count of èmployees during Iho year wras Nil12024". 1). No employee received empbyee berrts of mre than £eI.000 during the year (2024.. Nil). 10. Trustee remuneratlon and vxpenses Ther¢ were no trustees, remunerali)n or other benefits for Ihe year ended 28 February 2025 nor the year ended 29 February 2024. There were no trustees. expenses pald for the year eNJed 28th February 2025 nor the ye8r eTrJed 29 February 2024. 11
The Happy Pants Ranch CIO Note6 to the Flnanclal Slatements Icontlnuedj Year ended 28 February 2025 11, Tanglblè flxad 8$sgts Long leasehold Plant and property machinery Motor vehicles Equipment Total Colt Al 1 March 2024 Addition5 12.000 15,134 11.660 1,103 169 39,897 169 At 28 February 2025 Depr•cl4tlon Al 1 March 2024 Charge tho year At 28 February 2025 Carrylng amount At 28 Fgbrugry 2025 Al 29 February 2024 12,000 15,134 11,660 1,272 40,Q66 1.863 480 7.839 1.459 7.167 1.123 675 215 17,544 3,277 2.343 9.298 8,290 890 20,821 9,657 5,836 3.370 382 19,245 10,137 7.295 4,493 428 22.353 12. Othor cr•dltors Includlng tsxatlon and 8oclal sècurtty falllng du• wlthln on• year 2025 2024 Other cieditors 76.149 77,530 13. Analy81# of charltablè lund8 Unr•strlct•d fund8 At 28 F•bruary 2025 At 1 March 2024 Income Exp8ndllure Genèral fund8 IS3,260} 75,066 151,0241 129,2181 At 29 February 2 024 Al 1 March 2023 In¢omè Expèndituro General funds 148,163} 55,262 {60,359} (53,260) 12
The Happy Pants Ranch CIO Notes to the Flnanclal Statements (eontlnu¢dJ Year ended 28 February 2025 14. Analy81$ of nèt a88•ts bfrtwn funds Unrestricted Total Funds Funds 2025 Tanglble fixed assets Credllors less than 1 year Net Ilabllltles 19,245 (49,643) 130,398) 19,245 149,6431 130,398) unstrIct&d Total Funds Funds 2024 T8nglble fixed assets Crèditors less than 1 year Net Ilabllltles 22,353 175,613} 153,2601 22,353 175,613) (53,2601 15. Contlng•ncle$ The Charlty Is sublecl 10 8n enforcement notlce from the local council with respect lo breaching planning permission conditions and breaching a noise abalemenl notice. The Charity has sought piofesslonal advlce and Is prolecllng 51,8 posSllon. 11 Is unclear If there is lo be any financial impact lo Ihe Charity al this stsge. The Charity also unexpectedly rècelveo 8 bill from Soulh&asl Water ol circa £80,000 in relallon lo 8 188k fiom in the supply plpè wllhin tha curtilage of 18nd the Charlty occupSes. Thls is heavity dlspuled and formal professignal advi¢e has been $oughl to prolè¢l the Ch8ritYs poslllon. The maller Is uncertaln and ongoing. 16. Rèlatsd partl•8 As al the year end dat¢ the Trustee., Ms A James has an outstanding 108n and Is owed £76.149 {2024: £77,530} by the ch8ri1y, Ihls is Included In other credllors. There are no rep8ymenl terms for the oulst8nding loan and the loan has not accrued inter881 durfng thè perk)d. 17. Controlllng party Th8 charlty Is ultlmalety controlled by Its board of trustees. 13-
Happy Pants accounts Final Audit Report 2026-03-01 Crealed.. 202&02.27 By.. rg88s Flodgson le9 burgtt8hodo8on.¢o.ukl Stslu$'. rr8n8actlon ID.. CWCHBCUYAA_nhQFlu5zpUHalBgtvX70sFDz4¥ynBhS "Happy Pants accounts" History ' l Document created by Buroess HodgsorTr lesign@burgesshodgson.co.ukl 2026.02.27. 5..24..16 PM GMT. IP addrè5&.' 80.88.222.146 Document emailed to wr@burgesshodgson.co.uk IOT svjnalure 2W26-02-27- 5.,24.'21 PM tsMT L'i Email viewed by wr@burgesshodgson.co.uk 2-02-27- 7..10.. PM GMT- IP addross.. 82.132.222.113 ,, Signer wr@burgesshodgson.co.uk entered name al signing a5 Amèy James 2028-0>01- 1'.01..27 PM GMT. IP addres5'. 82.1J2.221.6g i.Fo Docum8nl e-signed by Amey James Iwr@burgesshod9son.co.ukl Slwalure Dale.. 2026-03.01 1..01..29 PM GMT.Tlm8 8ourcè.' $erver. IP Badss.. B2.132.221.69 Agreement completèd. 202601. 1.'01."29 PM GMT Adobe Acrobat Slgn