##
##
|||Page||
|---|---|---|---|
|Report ofthe Trustees|I|to|7|
|Trustees'
Responsibility
Statement||||
|Report ofthe Independent
Auditors|9|to|11|
|Statement of Financial AcHvilies||12||
|Balance Sheet||13||
|Cash Flow Statement||14||
|Notes to the Cash Flow Statement||15||
|Notes to the Financial Statemenls|16|to|27|
|Detailed Statement
of Financial AcBvltles|28|to|30|
##
##
##
##
##
##
##
|The principal|fundin|g|sources ofin|come tothe Branch itself were:||
|---|---|---|---|---|---|
||||||E|
|Legacies|||||558,932|
|Donations|||||24,663|
|Grants|||||122,631|
|Subscriptions,|collections and appeals||||112,084|
|Shop sales|||||294.686|
|Other income|||||229 180|
|Total|||||1,342, 176|
|And the income has|||been applied|as follows:||
|Animal Centre costs|||||849,993|
|Costs ofgenerating|||funds||319,969|
|Governance|costs||||79646|
|Total|||||1,249,608|
|Which has resulted||in net incoming||resources forthe Branch forthe year of|92,568|
##
##
##
##
##
##
##
|President / Vice Presidenb|||||
|---|---|---|---|---|
|Mr J Borrajo|President||||
|Ms E Allison|Vice President||||
|Mr SSellars|Vice President||||
|Trustees|||||
|Mr CActon|Honorary Chair||||
|Mr S Kinchington|Honorary
Treasurer||||
|Miss R Lane|Honorary Secretary||||
|Mrs S Dewick|Committee|Member|||
|Mr D Monish|Committee|Member|||
|Ms SJones|Committee|Member|||
|Dr J Rendle|Committee|Member (appointed|9.11.21)||
|Ms J Fallon|Committee|Member (resigned 31.5.21)|||
|Ms J Haliday|Committee|Member (appointed|23.2.21) (resigned|7.2.22)|
|Ms P Clark|Committee|Member|||
|Ms LSvandelikova|Committee|Member (appointed|30.3.21) (resigned|10.5.21)|
##
##
#
##
##
##
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|E||E|E|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations and legacies||2|488,241|330,069|818,310|1,582,513|
|Charitable
achvlhes||5|||||
|Operation
ofanimal centre|||207,779||207,779|171,419|
|Other trading
activities||3|294,686||294,686|236,991|
|Investment
income||4|21,343|58|21,401|21,088|
|Total|||1,012,049|330,127|1,342,176|2,012,011|
|EXPENDITURE ON|||||||
|Raising funds||6|319,969||319,969|270,605|
|Charitable
activities|||||||
|Animal centre costs|||849.993||849,993|860,654|
|Governance
costs|||55,896|23,750|79,646|49,269|
|Total|||1,225,858|23,750|1,249,608|1,180,528|
|Net gains on investments|||103,943||103,943|37,989|
|NET INCOME/(EXPENDITURE)|||(109,866)|306,377|196,511|869,472|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||3408,899|1,397,651|4,806,550|3,937,078|
|TOTAL FUNDS CARRIED FORWARD|||3,299,033|1,704,028|5,003,061|4,806,550|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|S|S|||
|FIXED ASSETS|||||||
|Tangible assets||14|1,499,618|831,922|2,331,540|1,610,475|
|Investments||15|982,845||982,845|867,682|
||||2,482,463|831,922|3,314,385|2,478,157|
|CURRENT ASSETS|||||||
|Stocks||16|34451||34,451|I7,832|
|Debtors||17|579,428||579,428|1,599.369|
|Cash at bank|||268,705|872,106|1,140,811|755,315|
||||882,584|872,106|1,754,690|2,372,516|
|CREDITORS|||||||
|Amounts
falling due within one year||18|(66,014)||(66,014)|(44,123)|
|NET CURRENT|ASSHS||816,570|872,106|1,688.676|2,328,393|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||3,299,033|1,704,028|5,003,061|4,806,550|
|NET ASSETS|||3,299,033|1,704,028|~5003,061|4,806,550|
|FUNDS||20|||||
|Unrestricted|funds||||3,299,033|3,408,899|
|Restricted funds|||||1,704,028|1,397.651|
|TOTAL FUNDS|||||5,003,061|4,806,550|
##
##
##
||||2021|2020|
|---|---|---|---|---|
|||Notes||E|
|Cash flows from operating
activities
Cash generated
from operations
Interest paid||I|1,266.670|141,596
~I|
|Net cash provided
by operating
activities|||1.266.670|141,595|
|Cash flows from investing|aclivlfies||||
|Purchase oftangible
fixed|assets||(798,519)|(60,380)|
|Purchase of fixed asset investments|||(87,176)|(139,504)|
|Sale oftangible
fixed assets||||16,644|
|Sale offixed asset investments|||75,958|113,969|
|Interest received|||87|125|
|Dividends received|||21,314|20,963|
|Net cash used in investing|activities||~788,336)|~48,183)|
|Cash flows from financing
acRvTiies
Unrealised
gain on investing
activities|||~92,838)|~37,990)|
|Net cash used in financing|activities||~92,838)|~37.990|
|Change
in cash and cash|equivalents|in|||
|the reporting
period|||385,496|55,422|
|Cash and cash equivalents|atthe||||
|beginning
ofthe reporting|period||755,315|699,893|
|Cash and cash equivalents|atthe end|of|||
|the reporting
period|||1,140,811|755,315|
##
##
##
|RECONCILIATION
O|F NET INC|OME TO NET CASH FLOW FRO|M OPERATI|NG ACllVillES||
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
|Net income for the|reporting|period (as per the Statement|of|||
|Financial ActivRies)||||196,511|869,472|
|Adjustments
for.||||||
|Depreciation
charges||||77,452|74,953|
|(Gain)/losses
on investments||||(11,105)|8,282|
|Interest received||||(87)|(125)|
|Interest paid|||||1|
|Dividends received||||(21,314)|(20,963)|
|Increase
in stocks||||(16,619)|(2,354)|
|Decrease/(increase)
Increase/(decrease)|in debtors
in creditors|||1.019,941
21,891|(755,829)
~31.341|
|Net cash provided|by operalions|||1,266,670|141,596|
##
|ANALYSIS OF CHANGES
IN NET FUNDS||||
|---|---|---|---|
||At 1.1.21|Cash flow|At 31.12.21|
||E|||
|Net cash||||
|Cash at bank|755,315|385,496|1.140.811|
||755,315|385,496|1,140,811|
|Total|755,315|385,496|1,140,811|
##
##
##
##
##
##
|2.|DONATIONS|AND LEGACIES||||
|---|---|---|---|---|---|
|||||2021|2020|
||Donations|||24,663|34,670|
||Legacies|||558,932|1,308.644|
||Grants|||122,631|119,811|
||Subscriptions,|collections and|appeals|112,084|119,388|
|||||818,310|1,582,513|
||Grants recei|ved, included
in the above, are as follows|:||
|---|---|---|---|---|
||||2021|2020|
||||8||
||Business rates grants||43,841|50,504|
||Job Retention Scheme Grants||37,061|69,307|
||Other grants||41,729||
||||122,631|119,811|
|3.|OTHER TRADING ACTIVITIES||||
||||2021|2020|
|||||E|
||Fundraising|events|19,402|15,814|
||Shop income||171,956|144,117|
||Kennel shop|sales|103,328|77,060|
||||294,686|236,991|
|4.|INVESTMENT|INCOME|||
||||2021|2020|
||Dividends received||21,314|20,963|
||Deposit account interest||87|125|
||||21,401|21,088|
##
##
##
|INCOME FRO|M CHARITABLE|ACTIVITIES||||
|---|---|---|---|---|---|
|||||2021|2020|
|||Activity||||
|Animal sales|and claims|Operation|of animal centre|77,813|54,615|
|Boarding fees and sundries||Operation|of animal centre|85,782|91,419|
|Pet insurance|commission|Operation|of animal centre|20,369|18,919|
|Sale ofdrugs|and|||||
|medicines||Operation|ofanimal centre|23,815|6,466|
|||||207,779|171,419|
##
##
|Raising donations|an|d leg|acies|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||K||
|Staff costs||||175,138|I 14,342|
|Rates and water||||2,135|340|
|Insurance||||2,424|1,785|
|Light and heat||||2,811|4,358|
|Telephone||||1,199|1,116|
|Postage and stationery||||1,793|2,625|
|Sundries||||2,981|3,950|
|Shop management||fees||1,464|2,864|
|Purchase ofgoods for resale||||57,073|47,222|
|Fundraising
events||||8,946|5,173|
|Shops' travelling|expenses|||1,036|410|
|Shop rents||||50,728|54,290|
|Shops' bank charges||||3,476|3,071|
|Shops' cleaning costs||||6,417|6,849|
|Fundraising
costs||||624|3,811|
|Events van deposit written|||off||I6,644|
|Depreciation||||1,724|1,754|
|Interest payable|and similar charges||||I|
|||||319,969|270,605|
|7.|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|||||
|---|---|---|---|---|---|---|---|
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 8)|note 9)|Totals|
||||||E||K|
||Animal centre costs||||849,993||849,993|
||Governance
costs|||||79,646|79,646|
||||||849,993|79,646|929,639|
||DIRECT COSTS OF CHARITABLE ACllVlllES|||||||
|||||||2021|2020|
||Staff costs|||||432,967|461,627|
||Rates and water|||||13,988|12,765|
||Insurance|||||6.457|6,015|
||Light and heat|||||25,588|24,338|
||Telephone|||||4.990|6,387|
||Advertising
and public relations|||||2,731|1,392|
||Sundries|||||5,232|6,823|
||Staff training|||||2,545|2,393|
||Staff uniforms|||||2,387|1,542|
||Ambulance
and travelling||expenses|||11,274|13,007|
||Drugs, medicines and identichips|||||24,848|15,454|
||Veterinary
fees and|road traffic accident||expenses||90,528|58,351|
||Animal food|||||32,535|39,814|
||National
neutering|scheme expenses||||1 1,226|15,476|
||Repairs and maintenance|||||39,043|44,723|
||Cleaning
expenses|||||37,797|52,494|
||Printing and stationery|||||5,766|9,176|
||Bank charges|||||3,682|2,984|
||Canteen|||||938|1.349|
||Computer
support|and Web development||costs||13,314|8,449|
||Security costs|||||4,131|2,896|
||External boarding costs|||||1,648||
||Recruitment
costs|||||650||
||Depreciation|||||75.728|73,199|
|||||||849,993|860.654|
##
|9.|SUPPORT COSTS||||||
|---|---|---|---|---|---|---|
|||||||Governance|
|||||||costs|
|||||||E|
||Governance
costs|||||79,646|
||Support costs, included|in|the|above, are as follows:|||
||||||2021|2020|
||||||Governance|Total|
||||||costs|activities|
||||||E|E|
||Auditors'
remuneration||||6,852|6,570|
||Investment
management||fees||7,830|6,365|
||Legal and professional|fees|||16,633|12,846|
||HR and payroll processing||costs||8,054|9,291|
||Contributions
to Region||||551|367|
||HQ legacy management||fees||39,726|13,830|
||||||79,646|49,269|
|10.|AUDITORS' REMUNERATION||||||
||||||2021|2020|
||||||E||
||Fees payable to the charity's|||auditors for the audit ofthe charity's|||
||financial statements||||6,852|6,570|
|11.|TRUSTEES' REMUNERATION||AND BENEFITS||||
##
##
|STAFF COS'TS||||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
|Wages and salaries||||567,118|539,773|
|Social security costs||||31,528|28,676|
|Other pension costs||||9,459|7,520|
|||||608,105|575,969|
|The average|monthly|number ofemployees|during the year was as follows:|||
|||||2021|2020|
|Staff||||45|38|
##
##
||No employees
received emoluments
in excess of|No employees
received emoluments
in excess of|860,000.||||
|---|---|---|---|---|---|---|
|13.|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL||ACTIVITIES||||
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
|||||E|E|E|
||INCOME AND ENDOWMENTS|FROM|||||
||Donations and legacies|||913,354|669.159|1,582,513|
||Charitable
activthes||||||
||Operation
of animal centre|||171,419||171,419|
||Other trading activities|||236,991||236,991|
||Investment
income|||21,043|45|21,088|
||Total|||1,342,807|669,204|2,012,011|
||EXPENDITURE ON||||||
||Raising funds|||270,605||270,605|
||Charitable
acBvilies||||||
||Animal centre costs|||860,654||860,654|
||Governance
costs|||49,269||49,269|
||Total|||1.180,528||1,180,528|
||Net gains on investments|||37,989||37,989|
||NET INCOME|||200,268|669,204|869,472|
||RECONCILIATION
OF FUNDS||||||
||Total funds brought forward|||3,208,631|728,447|3,937,078|
||TOTAL FUNDS CARRIED FORWARD|||3408,899|1,397,651|4,806,550|
##
##
|TA|NGIBLE FIXED ASSETS||||||
|---|---|---|---|---|---|---|
||||Fixtures||||
|||Freehold|and|Motor|Computer||
|||property|fittings|vehicles|equipment|Totals|
|||E||E|||
|COST|||||||
|At|I January
2021|2,500,064|203,403|27,235|105,149|2.835,851|
|Additions||745,592|17,853|13,237|21,837|798,519|
|At|31 December 2021|3,245,656|221,256|40,472|126,986|3,634,370|
|DEPRECIATION|||||||
|At|I January
2021|963,858|171,439|20,293|69,786|1,225,376|
|Charge foryear||46,407|13,158|3,995|13,894|77.454|
|At|31 December 2021|1,010,265|184,597|24,288|83,680|1,302,830|
|NET BOOK VALUE|||||||
|At|31 December 2021|2,235,391|36,659|16,184|43,306|2,331,540|
|At|31 December 2020|1,536,206|31,964|6,942|35,363|1,610,475|
##
##
|||Listed|Unlisted||
|---|---|---|---|---|
|||investments|investments|Totals|
|||E|E||
|MARKET VALUE|||||
|At I January
2021||819,411|2,000|821,411|
|Additions||87,176||87,176|
|Disposals||~64,851)||~64,851)|
|At 31 December|2021|841,736|2,000|843,736|
|PROVISIONS|||||
|At
I January
2021||(46,271)||(46,271)|
|Revaluation
adjustments||~92,838)||~92,838)|
|At 31 December|2021|(139,109)||(139,109)|
|NET BOOK VALUE|||||
|At 31 December|2021|980,845|2,000|982,845|
|At 31 December|2020|865,682|2,000|867,682|
##
##
##
##
|16.|As at 31 Dece
STOCKS|mber|20|21 the orig|inal cost ofth|e investments
was 5|690,800 (2020:3668,597|).|
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||||E|
||Goods for resale||||||31,603|16,639|
||Drugs, medicines, consumables||||and identichip|blanks|2,848|1,193|
||||||||34,451|17,832|
|17.|DEBTORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
||||||||2021|2020|
||||||||5||
||Other debtors||||||13,347|23,697|
||Legacy income receivable||||||523,439|1,522,850|
||VAT||||||15,827|13,724|
||Prepayments|and accrued income|||||26,815|39,098|
||||||||579,428|1,599,369|
|18.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||
||||||||2021|2020|
||||||||5||
||Social security|and|other taxes||||7,936|8,321|
||Other creditors||||||58,078|34,421|
||Amounts owed to related parties|||||||1,381|
||||||||66,014|44,123|
##
##
||Minimum
lease|payme|nts
un|der|non-cancellabie
operatin|g
leases fall due|as follows:||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||||E|
||Within one year||||||29,100|49,057|
||8etween one and five years||||||18,395|39,635|
||||||||47,495|88,692|
|20.|MOVEMENT
IN FUNDS||||||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.1.21|in funds|funds|31.12.21|
||||||E|||E|
||Unrestricted
funds||||||||
||General
fund||||3,408,899|(109,866)||3,299,033|
||Restricted tunds||||||||
||Woodside Veterinary||Centre|—Running|||||
||Costs||||1,397,651|306,377|(831,922)|872,106|
||Woodside Veterinary||Centre||||831,922|831,922|
||||||1,397,651|306,377||1,704,028|
||TOTAL FUNDS||||4,806,550|196,511||5,003,061|
||Net movement|in funds, included|||in the above are as follows:||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
||||||E||||
||Unreshicted
funds||||||||
||General
fund||||1,012,049|[1,225,858)|103,943|(109,866)|
||Restricted funds||||||||
||Woodside Veterinary||Centre|—Running|||||
||Costs||||330.127|(23,750)||306,377|
||TOTAL FUNDS||||1,342.176|~1,249 608)|103,943|196,511|
##
##
##
|Comparatlves|for mo|vement
In funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.20|in funds|31.12.20|
|Unrestricted|funds|||||
|General fund|||3,208,631|200,268|3,408,899|
|Restricted funds||||||
|Woodside Veterinary||Centre - Running||||
|Costs|||728.447|669,204|1,397,651|
|TOTAL FUNDS|||3,937,078|869,472|4,806,550|
|Comparat|ive|net mo|vement
in funds, incl|uded
in the abo|ve are as follows|:||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||E||||
|Unrestricted||funds||||||
|General|fund|||1,342,807|(1,180,528)|37,989|200,268|
|Restricted|funds|||||||
|Woodside Veterinary|||Centre - Running|||||
|Costs||||669,204|||669,204|
|TOTAL FUNDS||||2,012,011|J1,180,528)|37,989|869,472|
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
|||||F.|
|INCOME AND ENDOWMENTS|||||
|Donalions and legacies|||||
|Donations|||24,663|34,670|
|Legacies|||558,932|1,308,644|
|Grants|||122,631|119.811|
|Subscriptions,
collections and||appeals|112,084|119,388|
||||818,310|1,582,513|
|Other trading acfivifies|||||
|Fundraising
events|||19,402|15,814|
|Shop income|||I71,956|144,117|
|Kennel shop sales|||103,328|77,060|
||||294,686|236,991|
|Investment
income|||||
|Dividends
received|||21,314|20,963|
|Deposit account interest|||87|125|
||||21 401|21,088|
|Chadtable
activiTies|||||
|Animal sales and claims|||77,813|54,615|
|Boarding fees and|sundries||85,782|91,419|
|Pet insurance
commission|||20,369|18,919|
|Sale ofdrugs and medicines|||23,815|6,466|
||||207,779|171,419|
|Total incoming resources|||1,342,176|2,012,011|
|EXPENDITURE|||||
|Raising donafions and legacies|||||
|Wages|||163,069|109,240|
|Social security|||9,161|3,740|
|Pensions|||2,908|1,362|
|Rates and water|||2,135|340|
|Insurance|||2,424|1,785|
|Light and heat|||2,811|4,358|
|Telephone|||1,199|1,1 16|
|Postage and stationery|||1,793|2,625|
|Sundnes|||2,981|3,950|
|Shop management
Purchase ofgoods|fees
for resale||1,464
57,073|2.864
47,222|
|Canied forward|||247,018|178,602|
##
|||||2021|2020|
|---|---|---|---|---|---|
|Raising donations|and legacies|||||
|Brought forward||||247,018|178,602|
|Fundraising
events||||8,946|5,173|
|Shops' travelling|expenses|||1,036|410|
|Shop rents||||50,728|54,290|
|Shops' bank charges||||3,476|3,071|
|Shops' cleaning costs||||6.417|6,849|
|Fundraising
costs||||624|3,811|
|Events van deposit||written|off||16,644|
|Shops' depreciation||||1,724|1,754|
|Bank interest|||||1|
|||||319,969|270,605|
|Charitable
actlvNes||||||
|Wages||||404,049|430,533|
|Social security||||22,367|24,936|
|Pensions||||6,551|6,158|
|Rates and water||||13,988|12,765|
|Insurance||||6,457|6,015|
|Light and heat||||25,588|24,338|
|Telephone||||4,990|6,387|
|Advertising
and public relations||||2,731|1,392|
|Sundries||||5,232|6,823|
|Staff training||||2,545|2,393|
|Staff uniforms||||2,387|1,542|
|Ambulance
and|travelling||expenses|1 1,274|13,007|
|Drugs, medicines|and identichips|||24,848|15,454|
|Veterinary
fees and||road traffic accident||||
|expenses||||90,528|58,351|
|Animal food||||32,535|39,814|
|National
neutering||scheme expenses||11,226|I5,476|
|Repairs and maintenance||||39,043|44,723|
|Cleaning
expenses||||37,797|52,494|
|Printing and stationery||||5,766|9,176|
|Bank charges||||3,682|2,984|
|Canteen||||938|1,349|
|Computer
suppori||and Web development||||
|costs||||13,314|8,449|
|Security costs||||4,131|2,896|
|External boarding|costs|||1,648||
|Recruitment
costs||||650||
|Freehold property||||46,407|46,936|
|Fixtures and fittings||||11,433|11,580|
|Motor vehicles||||3,994|1,315|
|Computer
equipment||||13,894|13.368|
|||||849,993|860,654|
||||2021|2020|
|---|---|---|---|---|
||||S|S|
|Support costs|||||
|Governance
costs|||||
|Auditors'
remuneration|||6,852|6,570|
|Investment
management||fees|7,830|6,365|
|Legal and professional|fees||16,633|12,846|
|HR and payroll processing costs|||8,054|9,291|
|Contributions
to Region|||551|367|
|HQ legacy management||fees|39,726|13,830|
||||79,646|49,269|
|Total resources expended|||1,249,608|1,180,528|
|Net income before gains|and losses||92,568|831,483|
|Realised recognised
gains||and losses|||
|Realised gains/(losses)
on
investments||fixed asset|11,107|~8,282)|
|Net income|||103,675|823,201|