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2024-05-31-accounts

REGISTERED CHARITY NUMBER: 1203938

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2024 for Farm Animal Rescue Sanctuary

Farm Animal Rescue Sanctuary Woolly Park Farm Saddlebow Lane Wolverton Stratford Upon Avon CV37 0HQ

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Contents of the Financial Statements for the Year Ended 31 May 2024

Page
Contents of the Financial Statements 1
Report of the Trustees 2 - 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 - 17

1

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Report of the Trustees for the Year Ended 31 May 2024

The trustees who present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the CIO are:

A) To relieve the suffering of unwanted, abandoned and neglected animals that need care, protection and treatment by reason of sickness, maltreatment, poor circumstances or ill usage, by the provision of a rescue, re-homing and rewilding service and the accommodation of such animals.

B) To advance public education in matters concerning animal welfare in general and the prevention of cruelty and suffering among animals.

ACHIEVEMENTS AND PERFORMANCE Review of activities

Our trustees are pleased to announce that we’ve now become a registered charity, after 36 years of the sanctuary being established.

Since 1988, we’ve helped hundreds of thousands of animals in need, offering sanctuary, providing end of life care and rehabilitating a variety of animals, namely ‘farm’ animals; horses, chickens, turkeys, goats, cats, pigeons and a variety of wildlife.

The charity currently provides a sanctuary space to over 300 animals, predominantly sheep, pigs, chickens, cats and pigeons. We are committed to the rehabilitation of sick, mistreated and abandoned animals, and the rehoming of rehabilitated animals where possible.

Through sanctuary guided tours, open days, on-site fundraising events, corporate work days and volunteer placements, we have enabled thousands of visitors to learn about the sanctuary’s history, the residents’ stories and their individual personalities, proper animal care and treatment, while also providing educational and personally beneficial placements for volunteers.

On-site at the sanctuary we promote kinder living and compassion to all animals. We campaign for higher animal welfare standards and promote our ethos through educational guided tours and providing vegan food and drinks to visitors. Through offering advice to animal carers and members of the public, we help promote better living conditions for animals who are not resident at the sanctuary.

In 2024

The cost of living crisis has affected us as it has everyone else, with rising costs of feed, hay, straw, utilities, fuel, insurance and rent. This has provided an extra challenge for us, with a drop in donations as a result of the common struggle our supporters face too, and has led us to trial new fundraising initiatives in our quest to become more self-sufficient.

2

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Report of the Trustees for the Year Ended 31 May 2024

ACHIEVEMENTS AND PERFORMANCE - continued

We are hosting new types of fundraising events, on-site at the sanctuary and out in the local community. We hosted our first Afternoon Tea event in February, are planning our first large scale vegan fair in August for the sanctuary founder Carole’s 80th Birthday, and our first Wreathmaking event in November. These will be alongside our usual seasonal events like the Spring and Halloween Open Days.

We have added an extra day that members of the public can visit us every week; we are now open for tours on Wednesdays, Saturdays and Sundays. This additional day has been very popular and more accessible for some people than weekends. Our tour fee remains low and accessible.

We were donated a summer house by a supporter, which we converted into a small shop. This has been established on-site to sell merchandise during open days and tours which has been a great asset to us already. We have been updating our sponsorship scheme and designing and creating new merchandise items to raise funds. The charity has also continued to successfully fundraise from trusts and foundations.

In addition, we welcomed 5 local and national companies and charities for volunteer work days and had our first retirement home visit.

The charity still remains full to new ‘large’ animals due to the ageing population and increased healthcare requirements of the current flock of sheep. However the charity still welcomes new smaller animals into its care and this year welcomed a number of new hens and pigeons from various circumstances.

We remain committed to working with a network of UK-wide sanctuaries to find suitable placements for animals unable to reside at the sanctuary, and are committed to re-homing or rewilding rehabilitated animals where possible.

We have still been busy with animal rescue call-outs to a variety of animals, including sheep stuck in rivers, deer that have suffered a road traffic collision, poorly foxes collapsed in private gardens and cat-attacked birds and wildlife. As we do not have the appropriate facilities or expertise for caring for all wildlife, we transport them to establishments that can provide them with their correct species specific care, namely a local wildlife hospital which we are very grateful to have nearby.

Ongoing upgrades are being made to the site to combat muddy conditions and ensure visitors can be welcomed to the site throughout the entire year, including adding hardcore to the yard where our sheep pass through regularly.

The charity has set up HMRC charity tax status and its process for claiming gift aid following the securement of charity status.

3

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Report of the Trustees for the Year Ended 31 May 2024

ACHIEVEMENTS AND PERFORMANCE - continued

Financial Overview

As shown in the Statement of Financial Activities on page 8, the Charity's total income amounted to £97,663 for the year. The Charity's total expenditure amounted to £103,364, resulting in a deficit of £5,701.

At 31 May 2024 total funds were £43,791 all of which are unrestricted. Funds brought forward amount to £49,492 and are exclusively the closing reserves of Farm Animal Rescue Sanctuary CIC (company number 11990564) which were donated to Farm Animal Rescue Sanctuary CIO at its conversion/closure on 10 July 2023.

Reserves Policy

The Trustees aim to hold up to 6 months running costs in reserves to safeguard against unexpected costs or periods of reduced fundraising, to ensure the charity can continue to meet its objectives.

The Charity continues to pay back the government bounce back loan with the amount owed currently standing at £12,890.

As indicated on page 15, note 14, the level of unrestricted reserves as at 31 May 2024 was £43,791 which represents approximately 5 months total expenditure. The Trustees regularly review the appropriateness of the reserves policy with regard to the current environment in which the Charity operates and believe the level of reserves to be appropriate.

Future Plans

We will continue to provide a sanctuary to unwanted and abandoned animals, networking with other sanctuaries and organisations to ensure that no animals are left to suffer, and to rehome and rewild recovered animals.

We will continue to provide educational volunteer and work placements, as well as our corporate work days, and continue to hold educational tours 3 days a week on Wednesdays, Saturdays and Sundays throughout the year.

We will continue to provide accessible open days and events throughout the year, with new fundraising events and initiatives added to our events calendar.

We will continue our presence at fairs, festivals and events around the local and regional area, to raise awareness and funds for our charity.

We are going to launch our long term fundraiser to buy permanent sanctuary land, as rent is one of our biggest expenditures as a charity. Buying land will secure the future of the sanctuary and will also enable us to become more self-sufficient and open up a whole new variety of fundraising initiatives and enterprises, which we aren’t currently able to do due to being on rented land.

We will continue to rescue, rehabilitate and help animals in need.

4

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Report of the Trustees for the Year Ended 31 May 2024

PUBLIC BENEFIT

The Trustees are of the opinion that the activities undertaken in accordance with the objectives of the charity meet the definition of public benefit. The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

GOVERNING DOCUMENT

The charity is controlled by its constitution dated 11 December 2022.

TRUSTEE RECRUITMENT

We look within our volunteers and supporters to help recruit new Trustees. New Trustees are supported to learn and take on additional responsibilities should their time allow for this. Trustees are recruited to ensure they understand and are committed to the charity’s objectives.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1203938

Registered office

Farm Animal Rescue Sanctuary Woolly Park Farm Saddlebow Lane Wolverton Stratford Upon Avon CV37 0HQ

Bankers

HSBC 13 Chapel Street Stratford-upon-Avon CV37 6ET

Trustees

Carole Webb (Chair) - Appointed 7 June 2023 Frances Norris - Appointed 19 October 2024 Helen Easton - Appointed 19 October 2024 Eloise Taylor-Farley - Appointed 7 June 2023 Salvatore Arcopagita - Appointed 7 June 2023

Accountants Independent Examiner SAB Accountancy Services Ltd Pearl Accountancy Services Ltd 102 Hamstead Road 61 Bridge Street Great Barr Kington Birmingham HR5 3DJ B43 5BN

5

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Report of the Trustees for the Year Ended 31 May 2024

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice).

In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They 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.

Approved by order of the board of trustees on 19 March 2025 and signed on its behalf by:

Carole Webb Chair of Trustees

6

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Independent Examiner’s Report to the Trustees for the Year Ended 31 May 2024

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 May 2024 which are set out on pages' 8 to 17.

Responsibilities and basis of report

As trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Statement of Recommended Practice (SORP).

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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1) accounting records were not kept in respect of the charity 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.

4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

I have no concerns and have come across no 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.

Samantha Jackson ACMA, CGMA Independent Examiner Pearl Accountancy Services Ltd 61 Bridge Street Kington HR5 3DJ

20 March 2025

7

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Statement of Financial Activities (Incorporating an Income and Expenditure Account)

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Total income
EXPENDITURE ON
Charitable activities
5
Raising funds
6
Total expenditure
Net income/-expenditure
Transfers between funds
Net movement in funds
14
RECONCILIATION OF FUNDS
Total funds brought forward
14
Total funds carried forward		 Un-
restricted
funds
£
53,539
28,812
8,955
91,306
89,558
7,449
97,007
5,701
-
-
5,701
-
49,492
43,791		 Restricted
funds
£
-
6,356
-
6,356
6,356
-
6,356
-
-
-
-
-		 2023-24
Total
funds
£
53,539
35,169
8,955
97,663
95,914
7,449
103,364
5,701
-
-
5,701
-
49,492
43,791

CONTINUING OPERATIONS

The statement of financial activities includes all gains and losses recognised during the year. All incoming resources and resources expended derive from continuing activities.

8

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Balance Sheet At 31 May 2024

Notes
FIXED ASSETS
Tangible Fixed Assets
18
CURRENT ASSETS
Cash at bank and in hand
Debtors
8
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS / - LIABILITIES
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
13
NET ASSETS
FUNDS OF THE CHARITY
14
Unrestricted funds
Restricted funds		 Un-
restricted
Restricted
funds
funds
£
£
21,430
-
39,694
-
4,393
-
44,086
-
8,835
-
35,251
-
56,681
-
12,890
-
43,791
-
43,791
-
-
-
43,791
-		 2023-24
Total
funds
£
21,430
39,694
4,393
44,086
8,835
35,251
56,681
12,890
43,791
43,791
-
43,791

The directors acknowledge their responsibilities with respect to the accounting records and the preparation of the accounts.

The charity's trustees consider that an audit is not required for this year, under Section 144 of the Charities Act 2011 (the 2011 Act) - in accordance with section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report appears on page 7;

The financial statements were approved by the Board of Trustees on 19 March 2025 and were signed on its behalf by:

Carole Webb Chair of Trustees

9

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Notes to the Financial Statements

for the Year Ended 31 May 2024

1 ACCOUNTING POLICIES

Legal Status

The charity was entered onto the Register of Charities of the Charity Commission of England and Wales on 11 July 2024, with registered charity number 1203938

Basis of preparation

The financial statements of the charitable entity have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on the accrual basis using the historic cost concept.

Going Concern assumption

The financial statements have been prepared on a going concern basis which assumes that the charity will continue to operate. The charity's business plan shows that the charity will be able to operate in the foreseeable future. Based on this understanding the director trustees believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments, which would result from the basis of preparation being inappropriate.

Charitable Status

Farm Animal Rescue Sanctuary is a registered charity and is exempt from corporation tax and capital gains tax provided its income and gains are applied for charitable purposes.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from grants, whether 'capital' grants or 'revenue' grants, is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

10

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Notes to the Financial Statements

for the Year Ended 31 May 2024

1 ACCOUNTING POLICIES - continued

Income from trading activities includes income earned from the sale of food and drinks. Income is received in exchange for supplying goods, in order to raise funds and is recognised when entitlement occurs.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources. Expenditure is classified under the following heading:

Expenditure on charitable activities comprise the direct costs of activities undertaken to further the purposes of the charity, including grants payable and all associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which expenditure was incurred.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event where it is probable that there will be an outflow of economic resources to settle the obligation and where creditors can be estimated or measured reliably.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Tangible Fixed Assets

Depreciation is calculated so as to write off the cost of each asset, less its residual value, over its estimated useful economic life. The depreciation charge recognised each year relates to the class of the asset, the rates and classes are as follows:

Vehicles - 15% Reducing balance

Machinery and Equipment - 15 years straight line

11

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Notes to the Financial Statements

for the Year Ended 31 May 2024

1 ACCOUNTING POLICIES - continued

TRUSTEES REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2024, this is the first reporting period.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 except for the reimbursement of reasonable out of pocket expenses, this is the first reporting period.

2 INCOME FROM DONATIONS AND LEGACIES

Unrestricted
Funds
£
Donations
52,539
Legacies
1,000
53,539		 Restricted
Funds
£
-
-
-		 Total
2023-24
£
52,539
1,000
53,539

3 INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
£
Events
7,325
Fundraising
6,487
Grants
15,000
28,812
INCOME FROM OTHER TRADING ACTIVITIES
Unrestricted
Funds
£
Merchandise
8,955		 Restricted
Funds
£
-
-
6,356
6,356
Restricted
Funds
£
-		 Total
2023-24
£
7,325
6,487
21,356
35,169
Total
2023-24
£
8,955

4 INCOME FROM OTHER TRADING ACTIVITIES

12

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Notes to the Financial Statements for the Year Ended 31 May 2024

5 EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
Funds
£
Animal Feed and Consumables
20,098
Rent
18,513
Gross Wages, NI and Pensions
15,676
Heating, Lighting and Power
11,645
Grounds Maintenance and Repairs
5,076
Depreciation
3,367
Veterinary Fees
2,650
Insurance
2,397
Sundry
2,237
Legal and Professional Fees
219
Events and Fundraising Costs
2,119
Vehicles Maintenance, Repairs and Fuel
1,900
Accountancy Fees
1,821
Telecoms and I.T
754
Interest Paid
391
Bank Charges
696
89,558
EXPENDITURE ON RAISING FUNDS
Unrestricted
Funds
£
Merchandise Purchases
7,449
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenditure
Other creditors
Taxes and social Security
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Stock
Prepaid expenditure		 Restricted
Funds
£
2,500
-
-
-
3,856
-
-
-
-
-
-
-
-
-
-
-
6,356
Restricted
Funds
£
-		 Total
2023-24
£
22,598
18,513
15,676
11,645
8,932
3,367
2,650
2,397
2,237
219
2,119
1,900
1,821
754
391
696
95,914
Total
2023-24
£
7,449
Total
2023-24
£
1,067
1,851
5,916
8,835
0
2023-24
£
3,500
892
4,393

6 EXPENDITURE ON RAISING FUNDS

7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Notes to the Financial Statements for the Year Ended 31 May 2024

9 STAFF COSTS AND ASSOCIATED EXPENSES

Wages and salaries
The average number of employees during the year was as follows:
Full time
Part time
No employee received emoluments in excess of £60,000		 Total
2023-24
£
15,676
2023-24
0
2
2

10 COMMITMENTS

Minimum operating lease payments fall due as follows;

Within one year
Between one and five years
After more than five years		 Total
2023-24
£
22,215
88,861
44,430
155,507

11 RELATED PARTY DISCLOSURES

There were no transactions with related parties in this reporting period.

12 CONTROLLING INTEREST

The Charity is controlled by its Trustees.

13 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN

ONE YEAR
ONE YEAR Total
Loans 2023-24
£
12,890

14

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Notes to the Financial Statements

for the Year Ended 31 May 2024

14 MOVEMENT IN FUNDS

Balance at
beginning
of year
£
UNRESTRICTED FUNDS
General funds
General Funds
49,492
Total Unrestricted funds
49,492
RESTRICTED FUNDS
Rathbones
-
Animal Friends Insurance
-
Total Restricted funds
-
TOTAL FUNDS
49,492		 Income
£
91,306
91,306
3,856
2,500
6,356
97,663		 Exp-
enditure
£
97,007
97,007
3,856
2,500
6,356
103,364		 Transfers
between
funds
£
-
-
-
-
-
-		 Balance
at end of
year
£
43,791
43,791
-
-
-
43,791

Our unrestricted funds come from public donations, unrestricted grants, fundraising events, the sales of merchandise and legacies.

A grant kindly awarded by Rathbones was used towards the cost of replacing a deteriorating fencing perimeter around one of our old fields so that our sheep can graze safely.

Animal Friends Insurance provided a generous grant towards the running of the sanctuary.

Friends of the Animals continue to financially support our charity, by currently paying for our veterinary care for our vets and our weekly hay and straw deliveries. For this we are incredibly grateful

15

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Notes to the Financial Statements for the Year Ended 31 May 2024

15 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

As this is the first reporting period for Farm Animal Rescue Sanctuary (CIO), there is no comparative statement of financial activities.

16 COMPARATIVE BALANCE SHEET

As this is the first reporting period for Farm Animal Rescue Sanctuary (CIO), there is no comparative balance sheet.

17 COMPARATIVE MOVEMENT IN FUNDS

As this is the first reporting period for Farm Animal Rescue Sanctuary (CIO), there is no comparative movement in funds.

16

REGISTERED CHARITY NUMBER: 1203938

Farm Animal Rescue Sanctuary

Notes to the Financial Statements for the Year Ended 31 May 2024

18 TANGIBLE FIXED ASSETS

Cost
At 11 July 2023
Additions
At 31 May 2024
Depreciation
At 11 July 2023
Charge for the year
At 31 May 2024
Net Book Value
At 31 May 2024
At 11 July 2023		 Machinery &
Vehicles
Equipment
£
£
36,600
2,010
-
-
36,600
2,010
13,545
268
3,233
134
16,778
402
19,822
1,608
23,055
1,742		 Total
£
38,610
-
38,610
13,813
3,367
17,180
21,430
24,797

17