##
##
##
|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|
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|||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|
##
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##
##
|||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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||||Unrestricted|Restricted|Total|Unrestricted|
|---|---|---|---|---|---|---|
||||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|
|||||||38,062|
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##
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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|
|---|---|
|Number|Number|
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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|