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 vOl￿nI￿￿rs, 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 s￿b$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 L￿al 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, wh￿h 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.
co￿w 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 eX￿nded
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 he￿1 count of èmployees during Iho year wras Nil12024". 1).
No employee received empbyee b￿errts of mre than £e￿I.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 bfrtw￿n 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)
un￿strIct&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 le*9
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 Bad￿ss.. B2.132.221.69
Agreement completèd.
2026￿￿01. 1.'01."29 PM GMT
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