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2022-03-31-accounts

Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers 1-2
Trustees'
Report		 3- l4
Independent Auditors'
Report		 on the Financial Statements 15-19
Consolidated Statement of Financial Activities 20
Consolidated Balance Sheet 21
Charity Balance Sheet 22
Consolidated Statement
ofCash Flows		 23
Notes to the Financial Statements 24 - 43

Unrestricted Restricted Total Total
funds funds funds funds
Note 2022
F		 2022f 2022
6		 2021f
Income from:
Donations
and legacies		 2,788,721 51,645 2,840,366 1,525,428
Charitable
activities		 38,328 38,328 28,617
Other trading
activities		 452,439 452,439 429,906
Investments 408,893 408,893 390,786
Total income 3„688,381 51,645 3,740,026 2,374,737
Expenditure
on:
Raising funds 1,343,938 1,343,938 860,242
Charitable
activities		 2,189,635 33,216 2,222,851 1,996,784
Total expenditure 3,533,573 33,216 3,566,789 2,857,026
Net income/(expenditure) before net
gains on investments 154,808 18,429 173,237 (482,289)
Net gains on investments 918,693 918,693 2,081,428
Net income 1,073,501 18,429 1,091,930 1,599,139
Transfers
between		 funds 19 20,302 (20,302)
Net movement
in		 funds 1,093,803 (1,873) 1,091,930 1,599,139
Reconciliation
of		 funds:
Total funds brought forward 18,787,239 7„616 18,794,855 17,195,716
Net movement
in funds		 1,093,803 (1,873) 1,091,930 1,599,139
Total funds carried forward 19„881„042 5„743 19„886,785 18,794,855

2022 2021
Note 6
Fixed assets
Intangible
assets		 11 1,025 1,230
Tangible assets 12 3,965,406 4,072,354
Investments 13 14,632,007 14,157,671
18,598,438 18,231,255
Current assets
Stocks 14 15,948 8,254
Debtors 15 675,252 182,721
Investments 16 257,369 376,412
Cash at bank and in hand 573,996 680,629
1,522,565 1,248,016
Creditors: amounts falling due within one
year 17 (234,218) (226,081)
Net current assets 1,288,347 1,021,935
Total assets less current liabilities 19,886,785 19,253,190
Creditors: amounts falling due after more
than one year 18 (458,335)
Total net assets 19,886,785 18,794,855
Charity funds
Restricted funds 19 5,743 7,616
Unrestricted
funds		 19 19,881,042 18,787,239
Total funds 19,886,785 18,794,855

2022 2021
Note 5 6
Fixed assets
Intangible
assets		 11 1,025 1,230
Tangible assets 12 3,931,130 4,032,437
Investments 13 14,632,009 14,157,673
18,564,164 18,191,340
Current assets
Debtors 15 711,677 196,798
Investments 16 257,369 376,412
Cash at bank and in hand 494,108 649,651
1,463,154 1,222,861
Creditors: amounts falling due within one
year 17 (208,416) (213,226)
Net current assets 1,254,738 1,009,635
Total assets less current liabilities 19,818,902 19,200,975
Creditors: amounts falling due after more
than one year 18 (458,335)
Total net assets 19,818,902 18,742,640
Charity funds
Restricted funds 19 5,743 7,616
Unrestricted
funds		 19 19,813,159 18,735,024
Total funds 19,818,902 18,742,640

Consolidated
Statement ofCash Flows		 Consolidated
Statement ofCash Flows		 Consolidated
Statement ofCash Flows
For the Year Ended 31 March 2022
Note 2022
f		 2021
6
Cash flows from operating activities
Net cash used
in operating		 activities 22 (470,762) (747,954)
Cash flows from investing activities
Purchase
oftangible
fixed assets		 (108,164) (30,374)
Proceeds from sale of investments 2,932,469 2,981,853
Purchase
of investments		 (2,488,112) (4,014,150)
Dividends
received		 394,430 376,268
Rental income 14,400 14,400
Interest received 63 118
Net cash provided
by/(used
in) investing		 activities 745,086 (671,885)
Cash flows from financing activities
Cash inflows from new borrowing 500,000
Repayments
of borrowing		 (500,000)
Net cash (used in)/provided by financing activities (500,000) 500,000
Change
in cash and cash		 equivalents in the year (225,676) (919,839)
Cash and cash equivalents at the beginning ofthe year 1,057,041 1,976,880
Cash and cash equivalents at the end of the year 23 831,365 1,057,041
The notes on pages 24 to 43 form part ofthese financial statements

Freehold
property		 & - 40 years straight
line basis		 - 40 years straight
line basis
improvements
Leasehold
improvements		 - 5 years straight line
Motor vehicles and trailers - 25% reducing balance
Furniture,
fixtures		 8 equipment - 15%reducing balance
Office, computer &educational - 15%reducing balance
equipment
Outbuildings
and		 equipment - 15%reducing balance

Unrestricted Restricted Total Total
funds funds funds funds
2022
6		 2022f 2022
6		 2021
Donations and gifts 837,408 51,645 889,053 857,382
Legacies receivable 1,951,313 1,951,313 668,046
2,788,721 51,645 2,840,366 1,525,428
Total2021 1,511,468 13,960 1,525,428
Unrestricted Total Total
funds funds funds
2022 2022 2021
6 5 6
Rehoming fees 38,328 38,328 28,617
Total 2021 28,617 28,617
Unrestricted Total Total
funds funds funds
2022 2022 2021
F
Sale ofgoods 248,044 248,044 37,017
Events 1,559 1,559
Cremation services 117,446 117,446 91,811
Other 44,248 44,248 44,333
Coronavirus job retention scheme 36,642 36,642 224,871
Government grants receivable and released 4,500 4,500 31,874
452,439 452,439 429,906
Total 2021 429,906 429,906

Unrestricted Total Total
funds funds funds
2022 2022 2021
F 6 6
Rental income 14,400 14,400 14,400
Dividend
income		 394,430 394,430 376,268
Interest received 63 63 118
408,893 408,893 390,786
Total 2021 390,786 390,786
Analysis oftotal expenditure
Activities
undertaken Support
directly costs Total Total
2022 2021
6 6
Cost of raising funds
Donations and legacies 673,661 108,645 782,306 519,510
Trading
activities		 497,810 497,810 282,529
Investment management fees 63,822 63,822 58,203
Charitable activities
Rehoming services 980,534 177,181 1,157,715 993,466
Sanctuary and lifetime homes 794,009 127,026 921,035 879,116
Education services 122,372 21,729 144,101 124,202
Total expenditure 3,132,208 434,581 3,566,789 2,857,026
Total 2021 2,438,337 418,689 2,857,026

Facilities
and estates Management Total Total
2022
F		 2021f
Cost of raising funds
Donations and legacies 108,645 108,645 120,196
Charitable activities
Rehoming services 177,181 177,181 139,297
Sanctuary and lifetime homes 127,026 127,026 139,297
Education services 21,729 21,729 19,899
Total support costs 434,581 434,581 418,689
Total2021 20,699 397,990 418,689

Group Charity
Group As restated Charity As restated
2022 2021 2022 2021
6 F 6 F
Wages and salaries 1,779,791 1,616,054 1,603,424 1,465,019
Social security costs 133,197 115,090 123,356 108,475
Contribution to defined contribution pension
schemes 35,862 31,723 33,720 30,056
1,948,850 1,762,867 1,760,500 1,603,550

Group Charity
Grou p As restated Charity As restated
2022 2021 2022 2021
No. No. No. No.
Office and management support staff 'l3 15 13 15
Maintenance 6 6 6 6
Animal carers 53 51 53 51
Cafe, shop and cremation services 34 35
Fundraising 15 12 15 12
121 119 87 84
Group Group Charity Charity
2022 2021 2022 2021
No. No. No. No.
Office and management support staff 10 11 10 11
Maintenance 5 4 5 4
Animal carers 39 39 39 39
Cafe, shop and cremation services 12 11
Fundrai sing 10 7 10
76 72 64 61
Group Group
2022 2021
No. No.

Totalf
Cost
At 1 April 2021 1,843
At 31 March 2022 1,843
Amortisation
At 1 April 2021 613
Charge for the year 205
At 31 March 2022 818
Net book value
At 31 March 2022 1,025
At 31 March 2021 1,230
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Listed
investments
Group F
Cost or valuation
At 1 April 2021 14,157,671
Additions 2,488,112
Disposals (2,932,469)
Realised gains 289,157
Unrealised
gains		 629,536
At 31 March 2022 14,632,007
Net book value
At 31 March 2022 14,632,007
At 31 March 2021 14,157,671
Investments
in
subsidiary Listed
Charity companies
F		 investments f Totalf
Cost or valuation
At 1 April 2021 2 14,157,671 14,157,673
Additions 2,488,112 2,488,112
Disposals (2,932,469) (2,932,469)
Realised gains 289,157 289,157
Unrealised
gains		 629,536 629,536
At 31 March 2022 2 14,632,007 14,632,009
Net book value
At 31 March 2022 2 14,632,007 14,632,009
At 31 March 2021 2 14,157,671 14,157,673

Group Group
2022 2021
6 F
Finished goods and goods for resale 15,948 8,254
15. Debtors
Group Group Charity Chanty
2022 2021 2022 2021
6 F. F
Due within one year
Trade debtors 13,705 1,629 7,327 520
Amounts owed by group undertakings 43,425 24,540
Other debtors 615,857 130,214 615,857 130,214
Prepayments and accrued income 45,690 50,878 45,068 41,524
675,252 182,721 711,677 196,798
16. Current asset investments investments investments
Group Group Charity Charity
2022f 2021
F		 2022
6		 2021
F
Cash held by investment managers 257,369 376,412 257,369 376,412
17. Creditors: Amounts falling due within one year
Group Group Charity Charity
2022f 2021 2022
F		 2021
Other loans 41,665 41,665
Trade creditors 95,293 77,917 71,505 75,002
Other taxation and social security 33,556 27,034 33,556 27,034
Other creditors 16,173 18,696 16,173 18,696
Accruals and deferred income 89,196 60,769 87,182 50,829
234,218 226,081 208,416 213,226

Group Group Charity Charity
2022 2021 2022 2021
5 F F
Other loans 458,335 458,335

Statement offunds - current year
Balance at
Balance at 1 Transfers Gains/ 31 March
April 2021 Income Expenditure in/out (Losses) 2022
8 F 5 F 6
Unrestricted funds
Designated funds
Fixed Asset Fund 4,073,584 (212,077) 104,924 3,966,431
General funds
Investment
Revaluation
Reserve 3,172,001 291,444 3,463,445
Other Charitable
Funds 11,541,654 3,688,381 (3,321,496) (376,066) 918,693 12,451,166
14,713,655 3,688,381 (3,321,496) (84,622) 918,693 15,914,611
Total Unrestricted
funds 18„787,239 3,688,381 (3,533,573) 20,302 918,693 19,881,042

Balance at Balance at
Balance at 1 Transfers Gains/ 31 March
April 2021
5		 Income
5		 Expenditure
f		 in/outf (Losses)
5		 2022
F
Restricted funds
Kennels 158 (158)
Aviary improvement 1,852 (1,852)
Equine/kennels 200 (200)
Corn shed 5,406 100 (5,506)
Equine veterinary
expenditure 5,000 (2,257) 2,743
Kennels
staffing		 5,500 (5,500)
Sand school 4,300 (4,300)
Crematorium
van		 5,000 (5,000)
Veterinary
and
equine equipment 9,000 (1,056) (7,944)
Kennels enrichment 1,000 1,000
Equine equipment 8,245 (8,245)
Education
outreach
in Hastings 500 (500)
Veterinary costs 10,000 (10,000)
Education
outreach		 1,000 (1,000)
Aviary alterations 2,000 2,000
7,616 51,645 (33,216) (20,302) 5,743
Total offunds 18,794,855 3,740,026 (3,566,789) 918,693 19,886,785

Statement offunds - prior year
Balance at
Balance at Transfers Gains/ 31 March
1 April 2020
6		 Income
f		 Expenditure
5		 in/out
6		 (Losses) 2021
6
Unrestricted
funds
Designated
funds
Fixed Asset Fund 4,252,696 (179,112) 4,073,584
General funds
Investment
Revaluation
Reserve 1,500,875 1,671,126 3,172,001
Other Charitable
Funds 11,423,527 2,360,777 (2,832,064) (1,492,014) 2,081,428 11,541,654
12,924,402 2,360,777 (2,832,064) 179,112 2,081,428 14,713,655
Total Unrestricted
funds 17,177,098 2,360,777 (2,832,064) 2,081,428 18,787,239
Restricted funds
Kennel screens 832 (832)
Break away 330 (330)
Kennels 7,360 (7,202) 158
Kennels and Aviary 96 (96)
Equine field shelter 3,000 (3,000)
Aviary improvement 7,000 (5,148) 1,852
New vehicle 5,000 (5,000)
Chicken isolation
shed 453 (453)
Equine scales 1,854 (1,854)
Equine/kennels 400 (200) 200
Corn shed 6,253 (847) 5,406
18,618 13,960 (24,962) 7,616
Total offunds 17,195,716 2,374,737 (2,857,026) 2,081,428 18,794,855

Summary offu nds - current ye ar
Balance at
Balance at 1 Transfers Gains/ 31 March
April 2021
6		 Income
8		 Expenditure
F		 in/outf (Losses)
5		 2022
F
Designated
funds 4,073,584 (212,077) 104,924 3,966,431
General funds 14,713,655 3,688,381 (3,321,496) (84,622) 918,693 15,914,611
Restricted funds 7,616 51,645 (33,216) (20,302) 5,743
18,794,855 3,740,026 (3,566,789) 918,693 19,886,785
Summary offunds - prior year
Balance at
Balance at Transfers Gains/ 31 March
1 April 2020
8		 Income
E		 Expenditure
E		 in/out (Losses)
8		 2021f
Designated
funds 4,252,696 (179,112) 4,073,584
General funds 12,924,402 2,360,777 (2,832,064) 179,112 2,081,428 14,713,655
Restricted funds 18,618 13,960 (24,962) 7,616
17,195,716 2,374,737 (2,857,026) 2,081,428 18,794,855
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Restricted Total
funds funds funds
2022f 2022
6		 2022
8
Tangible fixed assets 3,965,406 3,965,406
Intangible fixed assets 1,025 1,025
Fixed asset investments 14,632,007 14,632,007
Current assets 1,516,822 5,743 1,522,565
Creditors due within one year (234,218) (234,218)
Total 19,881,042 5,743 19,886,785

Analysis of net assets between funds - prior y ear
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
E 8
Tangible fixed assets 4,072,354 4,072,354
Intangible fixed assets 1,230 1,230
Fixed asset investments 14,157,671 14,157,671
Current assets 1,240,400 7,616 1,248,016
Creditors due within one year (226,081) (226,081)
Creditors due in more than one year (458,335) (458,335)
Total 18,787,239 7,616 18,794,855

Group Group
2022 2021
F 6
Net income for the year (as per Statement ofFinancial Activities) 1,091,930 1,599,139
Adjustments
for:
Depreciation
charges		 211,872 208,984
Amortisation
charges		 205 205
Losses on investments (918,693) (2,081,428)
Dividends,
interests		 and rents from investments (408,893) (390,786)
Loss on the sale offixed assets 3,240 296
Decrease/(increase) in stocks (7,694) 6,797
Increase
in debtors		 (492,531) (85,754)
Increase/(decrease) in creditors 49,802 (5,407)
Net cash used
in operating		 activities (470,762) (747,954)

Group Group
2022f 2021
F
Cash at bank and in hand 573,996 680,629
Current asset investments 257,369 376,412
Total cash and cash equivalents 831,365 1,057,041

At 1 April At 31 March
2021 Cash flows 2022
6 6
Cash at bank and in hand 680,629 (106,633) 573,996
Debt due within
1		 year (41,665) 41,665
Debt due after 1 year (458,335) 458,335
Liquid investments 376,412 (119,043) 257,369
557,041 274,324 831,365

under non -can cellable
operating
leases as follo		 ws:
Group Group Charity Charity
2022
6		 2021f 2022
6		 2021
Not later than 1 year 45,642 3,375 43,674 1,408
Later than 1 year and not later than 5years 146,403 5,813 145,255 2,697
192,045 9,188 188,929 4,105

Names Company Registered Registered Principal
activity		 Class ofHolding ofHolding Included Included in
number office or shares consolidation
principal place
ofbusiness
Raystede Animal 03182365 Raystede, To undertake Ordinary 100'lo Yes
Services Limited Ringmer, cremation
Lewes, East services and the
Sussex, BN8 provisions
ofa
5AJ cafe/shop
to
further the
charitable
benefit
ofthe charity.
Raystede Centre 04838919 Raystede, A design and Ordinary 100'io Yes
Construction Ringmer, construction
Limited Lewes, East company
which
Sussex, BN8 assists the
5AJ Welfare and
Services activities
and facilitates
building
projects.
The financial results ofthe subsidiaries
for the		 year were:
Names Income
Expenditure		 Profit/(Loss) Net assets
F
6		 / Surplus/ 6
(Deficit) for
the year
F
Raystede Animal Services Limited 384,246
(354,991)		 29,255 67,884
Raystede Centre Construction Limited 1