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2022-12-31-accounts

Trustees Mrs C Allan (Chariman)
Mrs E Mundy (Secretary)
Mr TByers (Treasurer) (Retired 24 August 2022)
Mrs J Williams
Mrs M Hardy
Ms J Prince (Appointed 25January 2022)
Miss E McPhail
Mrs A Eyles
Ms K Stewart (Retired 29September 2022)
Mr A Lofthouse (Retired 25 February 2022)
Senior staff Mr H Lowson (CEO)
Miss J Evans (Animal Shelter Manager- Resigned December 2022)
Mr J Coles (Retail Development Manager)
Mrs M Wood (Finance Manager- Resigned December 2022)
Ms 5 Tolly (Finance Manager- Appointed November 2022)
Charity number 205154
Principal address Little Valley Animal Shelter
Black Hat Lane
Bakers Hill
Exeter
Devon
EX2 9TA
Auditor Bush & Co Limited
2 Barnfield Crescent
Exeter
EX11QT
Bankers Nat West Bank PLC
59 High Street
Exeter
Devon
EX4 3DL
The Co-operative
Bank
34The Kingsway
Swansea
SA1 5LG

Page
Trustees'
report		 1-6
Independent
auditor's		 report 7-9
Statement offinancial activities 10-11
Balance sheet 12
Statement
ofcash flows		 13
Notes to the financial statements 14-33

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes E E E E E E
Income and endowments from
Donations
and
legacies 3 434,354 434,354 201,526 201,526
Charitable
activities		 4 45,133 45,133 39,917 39,917
Other trading
activities 5 552,871 3723 556,594 402,004 3,760 405,764
Investments 6 24,662 20,734 45,396 20,456 20,456
Other income 7 38,062 38,062
Tota I income 1,057,020 24,457 1,081,477 701,965 3,760 705,725
~Edit
Charitable
activities
Shop purchases
and consumables 8 422,063 422,063 322,071 322,071
Protection and
rehoming
of
animals 8 624,903 3,723 628,626 574,378 3,760 578,138
Cost ofgenerating
voluntary
income		 8 44,953 44,953 27,238 27,238
Total charitable
expenditure 1,091,919 3,723 1,095,642 923,687 3,760 927,447
Investment
management
cost		 10,814 9,953 20,767 10,728 10,728
Total expenditure 1,102,733 13,676 1,116,409 934,415 3,760 938,175
Net(losses)/gains
on investments (104,263) (109,770) (214,033) 91,082 17,494 108,576

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes 6 E E E E
Net movement in funds (149,976) (98,989) (248,965) (141,368) 17,494 (123,874)
Fund balances at 1
January 2022 5,474,017 993,641 6,467,658 5,615,385 976,147 6,591,532
Fund balances at 31
December 2022 5,324,041 894,652 6,218,693 5,474,017 993,641 6,467,658

2022 2021 2021
as restated
Notes 6 6
Fixed assets
Tangible assets 13 2,471,375 2,515,248
Investments 14 2,021,677 2,192,123
4,493,052 4,707,371
Current assets
Stocks 15 40,675 37,812
Debtors 16 84,849 681,119
Cash at bank and in hand 1,660,388 1,104,893
1,785,912 1,823,824
Creditors: amounts falling due within
one year 17 (60,271) (63,537)
Net current assets 1,725,641 1,760,287
Total assets less current liabilities 6,218,693 6,467,658
Income funds
Restricted funds 18 894,652 993,641
Unrestricted funds
Designated funds 19 1,158,000 774,500
General unrestricted funds 4,166,041 4,699,517
5,324,041 5,474,017
6,218,693 6,467,658
The financial statements were approved by the Trustees on ..........d.-..L........

2022 2021
Notes 6 E
Cash flows from operating activities
Cash generated
from operations		 24 577,409 10,008
Investing activities
Purchase oftangible
fixed		 assets (23,723) (41,710)
Purchase ofinvestments (367,715) (611,683)
Proceeds from disposal of investments 324,128 525,199
Dividends, interest
and rents		 45,396 20,456
Net cash used in investing activities (21,914) (107,738)
Net cash used in financing activities
Net increase/(decrease)
in cash and cash
equivalents 555,495 (97,730)
Cash and cash equivalents at beginning ofyear 1,104,893 1,202,623
Cash and cash equivalents at end ofyear 1,660,388 1,104,893

Unrestricted Unrestricted
funds funds
2022 2021
6 6
Donations and gifts 434,354 201,526
Donations and gifts
General donations 69,377 82,696
Collecting boxes 1,561 881
Legacies 363,416 117,949
434,354 201,526

Unrestricted Unrestricted
Funds Funds
2022 2021
6
Adoptions 34,313 31,755
Boarding 8,596 5,125
Vet reimbursements 1,842 1,402
Membership fee 382 1,635
45,133 39,917
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funds funds funds
2022 2022 2022 2021
E E E E
Dividends and interest from portfolio 21,566 20,734 42,300 20,207
interest receivable 3,096 3,096 249
24,662 20,734 45,396 20,456

Unrestricted Unrestricted
funds funds
2022 2021
E E
Covid Job Retention Scheme Grant 38,062
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9 Support costs
2022 2021
E E
Staff costs 121,054 170,106
Depreciation 5,931 1,301
Accountancy 11,838 16,270
Postage stationery & computer costs 8,833 6,785
Professional 14,771 10,758
Bank charges 3,105 2,955
Repairs and renewals 1,680 30
Waste disposal 90
Motor expenses 174 432
Sundries 5,051
Premises expenses 1,794
Charitable
activities		 174,231 208,727
10 Auditor's
remuneration
Fees payable tothe charity's auditor and associates: 2022 2021
E 6
Audit ofthe charity's annual accounts 6,000 5,700
Non-audit
services		 2,400 2,300
Total audit fees 8,400 8,000

The averag e monthly
number
ofemployees
during		 the year was:
2022 2021
Number Number
Fundraising and shop 13 9
Charitable activities 13 18
Support staff 8 4
Total 34 31
Employment costs 2022 2021
E E
Wages and salaries 601,778 515,892
Social security costs 39,225 30,079
Other pension costs 14,087 12,086
655,090 558,057
2022 2021
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Listed
investments
Cost or valuation
At 1January 2022 2,192,123
Additions 367,715
Valuation
changes		 (214,033)
Disposa Is (324,126)
At 31December 2022 2,021,679
Carrying amount
At 31December 2022 2,021,679
At 31December 2021 2,192,123
15 Stocks
2022 2021
6 6
Stack 40,675 37,812
16 Debtors
2022 2021
Amounts
falling due within one year:		 6 6
Trade debtors 2,294 1,370
Other debtors 66,185 668,149
Prepayments
and accrued income		 16,370 11,600
84,849 681,119

2022 2021
6 6
Other taxation and social security 15,239 18,991
Trade creditors 32,486 36,130
Accruals and deferred income 12,546 8,416
60,271 63,537

Balance at Resources Transfers Balance at Transfers Balance at
1lanuary 2021 expended 1lanuary
2022		 31December
2022
E E
Committed 203,000 206,500 409,500 63,500 473,000
Organisational 200,000 (45,000) 210,000 365,000 320,000 685,000
403,000 (45,000) 416,500 774,500 383,500 1,158,000
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2022 2021
6 6
Within one year 29,450 30,850
Between two and five years 65,950 83,417
95,400 114,267

23 Surplus/(Deficit)
on shop activity		 2022 2021
6 6
income from activities ofgenerating funds 472,191 283,143
Shop staff CJRS income 20,252
Shop purchases
and expenses		 (422,063) (322,071)
Surplus/(deficit)
on shop activity		 50,128 (18,676)
24 Cash generated
from operations		 2022 2021
6 E
Deficit for the year (248,967) (123,875)
Adjustments
for:
Dividends,
interest
and rents		 (45,396) (20,456)
Gain on disposal of investments (18,490) (52,750)
Fair value gains and losses on investments 232,523 (55,826)
Depreciation
and impairment
oftangible		 fixed assets 67,597 90,440
Movements
in working
capital:
(increase)/decrease
in stocks		 (2,863) 5,025
Decrease in debtors 596,271 143,825
(Decrease)/increase
in creditors		 (3,266) 23,625
Cash generated
from operations		 577,409 10,008