**Charity registration number 1204006**
## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024**
## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Miss T Sargent Mr I Putman Miss T Hodgson Mr S Wade **Charity number** 1204006 **Independent examiner** Hannah Collison FCCA FCA BFP BK Plus Limited Lakeside Offices Coronation Park Helston TR13 0SR **Bankers** Lloyds Bank Market Square Camborne Cornwall TR14 8JT
## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 11|
## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **TRUSTEES' REPORT**
## _**FOR THE PERIOD ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the Period ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "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**
The aims of the charity are to:
- Further the conservation and preservation of hedgehogs in Cornwall and the South-West
- Help sick, injured or orphaned hedgehogs by providing rescue, care and rehabilitation services with the aim of releasing such hedgehogs back into the wild wherever possible
- Advance the education of the public by raising awareness with regards to hedgehog habitats and the care and conservation of hedgehogs.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
A total of 140 hedgehogs have been admitted to the rescue during the year, many requiring veterinary attention.
The main focus for the past year has been to get the new rescue shed up and running whilst caring for the sick and injured hedgehogs. There is one final area that requires completing; the acclimatisation/ isolation room which is being fundraised for and should be completed by December 2024.
It has been extremely time consuming running the rescue and has become clear that volunteers are needed to help. The main focus for the next year will be to take on volunteers to assist with the day-to-day running of the rescue and to help with fundraising efforts, along with events to raise awareness about our declining hedgehogs.
## **Financial review**
The charity made a surplus of £14,675 during the year. Unrestricted funds total £14,250 and restricted funds total £425. The restricted funds represent a grant received towards the purchase of a shed and the depreciation charged against it.
## _Reserves policy_
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to around twelve month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The charity is a an unincorporated charity and is controlled by its governing document.
The trustees who served during the Period and up to the date of signature of the financial statements were: Miss T Sargent Mr I Putman Miss T Hodgson Mr S Wade
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE PERIOD ENDED 31 MARCH 2024**_
## _Recruitment and appointment of trustees_
Trustees are appointed by a resolution passed at a trustees meeting. Trustees are elected by existing members.
None of the trustees has any beneficial interest in the charity.
The trustees' report was approved by the Board of Trustees.
Miss T Sargent **Trustee**
1 December 2024
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF PORTHLEVEN HARBOUR HEDGIES RESCUE**
I report to the trustees on my examination of the financial statements of Porthleven Harbour Hedgies Rescue (the charity) for the Period ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable 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 that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Hannah Collison FCCA FCA BFP**
BK Plus Limited Lakeside Offices Coronation Park Helston TR13 0SR
Dated: 11 December 2024
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE PERIOD ENDED 31 MARCH 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
31,200
500
Other trading activities
**3**
318
-
**Total income**
31,518
500
**Expenditure on:**
Charitable activities
**4**
17,268
75
**Total expenditure**
17,268
75
**Net income and movement in funds**
14,250
425
**Reconciliation of funds:**
Fund balances at 17 July 2023
-
-
**Fund balances at 31 March 2024**
14,250
425|**Total**
**2024**
**£**
31,700
318|
|---|---|
||32,018
17,343|
||17,343|
||14,675
-|
||14,675|
The statement of financial activities includes all gains and losses recognised in the Period. All income and expenditure derive from continuing activities.
The notes on pages 6 to 11 form part of these financial statements.
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**11**
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension liability**
**The funds of the charity**
Restricted income funds
**12**
Unrestricted funds
The notes on pages 6 to 11 form part of these financial statements.|**2024**
**£**
1,548
(1,159)|**£**
14,286
389|
|---|---|---|
|||14,675|
|||14,675|
|||425
14,250|
|||14,675|
||||
The financial statements were approved by the trustees on 1 December 2024
Miss T Sargent **Trustee**
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE PERIOD ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
Porthleven Harbour Hedgies Rescue is a Charitable Incorporated Organisation.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
- 6 -
## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
Support costs have been allocated to governance costs, which are those items of expenditure incurred in the course of the charity's statutory obligations and include the cost of independent examination.
Support costs are wholly allocated to hedgehog care, being the main charitable activity undertaken by the charity.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% straight line
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **2 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
30,200
-
Grants
-
500
Donated goods and services
1,000
-
31,200
500|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**£**
**£**
**£**
30,200
-
-
500
-
-
1,000
-
-
31,700
-
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**£**
**£**
**£**
30,200
-
-
500
-
-
1,000
-
-
31,700
-
-|
|---|---|---|
|||-|
A grant of £500 was received during the year from Helston Town Council towards the build of the new and additional rescue shed.
Donated services of £1,000 were received during the year relating to the cost of accountancy services provided.
## **3 Income from other trading activities**
||**Unrestricted**|
|---|---|
||**funds**|
||**2024**|
||**£**|
|Fundraising events|318|
|Other trading activities|318|
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2024**_
## **4 Expenditure on charitable activities**
||**Hedgehog**|
|---|---|
||**care**|
||**2024**|
||**£**|
|**Direct costs**||
|Depreciation and impairment|1,702|
|Purchases|5,674|
|Vet and medical|4,015|
|Equipment|2,787|
|Motor and fuel|331|
|Sundries|675|
|Light and heat|617|
|Rates and water|42|
||15,843|
|**Share of support and governance costs (see note 5)**||
|Support|1,500|
||17,343|
|**Analysis by fund**||
|Unrestricted funds|17,268|
|Restricted funds|75|
||17,343|
## **5 Support costs allocated to activities**
|Governance costs
**Analysed between:**
Hedgehog care
**Governance costs comprise:**
Accountancy|**2024**
**£**
1,500|
|---|---|
||1,500|
||**2024**
**£**
1,500|
||1,500|
Accountancy fees include fees payable of £500 for the independent examination of the financial statements.
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 MARCH 2024**_
|**6**|**Net movement in funds**|**2024**|
|---|---|---|
|||**£**|
||The net movement in funds is stated after charging/(crediting):||
||Depreciation of owned tangible fixed assets|1,702|
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the Period.
During the year, T Sargent, trustee incurred costs of £659 relating to the running of the charity which included water and electricity charges. These costs are to be reimbursed back to the trustee and are included within Other creditors.
## **8 Employees**
The average monthly number of employees during the Period was:
||**2024**|
|---|---|
||**Number**|
|Total|-|
There were no employees whose annual remuneration was more than £60,000.
## **9 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **10 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
||**Fixtures and**|
||**fittings**|
||**£**|
|**Cost**||
|Additions|15,988|
|At 31 March 2024|15,988|
|**Depreciation and impairment**||
|Depreciation charged in the Period|1,702|
|At 31 March 2024|1,702|
|**Carrying amount**||
|At 31 March 2024|14,286|
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 MARCH 2024**_
## **11 Creditors: amounts falling due within one year**
|Other creditors
Accruals and deferred income|**2024**
**£**
659
500|
|---|---|
||1,159|
## **12 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At**|**17**|**July**|**Incoming**|**Resources**|**At**|**31**|**March**|
|---|---|---|---|---|---|---|---|
|||**2023**|**resources**|**expended**|||**2024**|
|||**£**|**£**|**£**|||**£**|
|||-|500|(75)|||425|
The restricted funds above relate to a grant of £500 which was received from Helston Town Council towards the build of the new and additional rescue shed. This was utilised during the year and included within Fixed assets. The resources expended relate to the depreciation charge on the asset.
## **13 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 17 July**|**Incoming**|**Resources**|**At 31 March**|
|---|---|---|---|---|
||**2023**|**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|General funds|-|31,518|(17,268)|14,250|
|**Analysis of net assets between funds**|||||
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2024**|**2024**|**2024**|
|||**£**|**£**|**£**|
|**At 31 March 2024:**|||||
|Tangible assets||13,861|425|14,286|
|Current assets/(liabilities)||389|-|389|
|||14,250|425|14,675|
## **14 Analysis of net assets between funds**
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## **PORTHLEVEN HARBOUR HEDGIES RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 MARCH 2024**_
## **15 Related party transactions**
There were no disclosable related party transactions during the Period.
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