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2020-12-31-accounts

Registered charity number: 242560

Report of the Trustees’ and Annual Report and Consolidated Accounts for the year ended 31 December 2020 for The Leicester and Leicestershire Animal Aid Association

The Rowleys Partnership Limited Statutory Auditors Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP

The Leicester & Leicestershire Animal Aid Association

Contents of the Annual Report For the year ended 31 December 2020

Page
Trustees Report 3
Report of Independent Auditors 17
Consolidated statement of financial activities 21
Consolidated balance sheet 22
Charity balance sheet 23
Consolidated Statement of cash flows 24
Notes to the accounts 25

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Reference and Administrative Information

Charity number 242560

Name by which the charity is also known Leicester Animal Aid

Principal Office
Elmwood Farm, Forest Road, Huncote, Leicestershire LE9 3LE
Trustees
Elizabeth Anne Martin, Chairman
Anabel McDougall, Secretary
Ian Pritchard, Treasurer
Christine Pougher, Assistant Treasurer
Jess Bostock
Kevan Kirby
Gay Martin (Deceased 10th October 2020)
Dana Newcombe
General Manager
Keely Short
Auditors The Rowleys Partnership Ltd, Chartered Accountants
Charnwood House, Harcourt Way, Meridian Business Park,
Leicester, LE19 1WP
Solicitors Shakespeare Martineau LLP
Two Colton Square, Leicester LE1 1QH
Financial Advisors Handford Aitkenhead & Walker Ltd
4 Brook Park, Gaddesby Lane, Rearsby,
Leicestershire LE7 4ZB
Bankers Lloyds Bank plc
SME Client Services, Orchard House, Orchard Hill, Little Bi
Northampton NN3 9AG

Trustees holding title to property belonging to the charity at the balance sheet date were Jess Bostock and Diana Newcombe (known as Dana Newcombe)

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Introduction

The trustees present their report along with the financial statements of the charity for the year ended 31[st] December 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities published on 16[th] July 2014.

Our Vision

The guiding vision of LAA is happy pets in responsible, loving homes and to this end we serve the public by providing a second chance for hundreds of unwanted, abandoned, lost, stray or neglected domestic animals.

Objectives

“The objects of the Association are to collect sums of money for the purpose of acquiring from all sources and protecting and caring for lost, stray and unwanted domestic animals, accommodating, feeding, training, providing veterinary services for and otherwise caring for and promoting the welfare of such animals generally and the placing of such animals in suitable homes.”

Our primary animal welfare objective for 2021 is to continue to develop and improve the quality of the care we provide and to strengthen the service we give to the public.

Our primary financial objective for 2021 is to ensure that the charity operates on a sound commercial basis, therefore securing the future of LAA and the welfare of the cats and dogs in our care.

Our Purpose

Provide the best possible care and facilities at our Huncote re-homing centre for unwanted or homeless animals and find them suitable new homes as soon as we can

Promote good animal welfare and responsible pet ownership by advice and education to members of the public

Through our Huncote Hound Club educate, inform and entertain young people whilst encouraging principles of responsible pet ownership.

To reunite stray pets with their owners through our Petfinder service

How we achieve our objectives

Investing in our people through training and development so that we can provide a caring and efficient service

Investing in our buildings and site to ensure the highest standards of welfare for all our animals

Investing in our methods of communicating with our supporters and the general public to improve our profile and get our message across

Improving on existing relationships and developing new ones with our business partners to help and support us

Developing retail sales and new sources of income to support our activities

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Public Benefit

Leicester Animal Aid seeks to deliver public benefit by helping to ensure that local communities do not have to deal with unwanted dogs or cats and promote and support responsible pet ownership. In addition to the public benefit of fewer stray animals on the street we believe that our activities support and educate local people to enjoy the great benefits of happy and safe pet ownership, which in turn promotes proven health benefits.

These benefits are delivered directly to the public through the following activities:

Activities and Fundraising

Our Fundraising Team has put in place a comprehensive strategy to better structure our fund-raising and volunteer programme by:-

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Our Membership Scheme encourages more people to get involved and recognise through different levels of membership their commitment to the charity

For Fundraisers by creating Fundraising Packs and Leaflets for both individuals and corporate supporters giving advice on setting up events and advertising materials to increase the number of events carried out for us

Increasing our involvement with Business Networks and Awards to raise the profile of the charity and build the foundations of future giving programmes

Our Huncote Hound Club and Activity Mornings help younger people learn about the importance of animal welfare and the role of animal rescue

Improved the data we hold on supporters to ensure it is correct so that we can properly recognise support from our volunteers and donors and that we comply with the data protection(GDPR) rules and the Fundraising Regulator’s Code of Practice.

Improved our website and the “Get Involved” section to give people clear options to make it easier to help if they wish to do so.

Volunteers

LAA could not exist without the help and support provided by numerous volunteers too numerous to mention individually. We thank you all for your selfless contribution to the well-being of the charity and for your support in what we are trying to achieve. Examples are:-

By giving freely of their time:-

Foster-carers, shop and sale volunteers, donated goods sorters, Kennel and cattery helpers, photographers, videographer, graphic designers, receptionists, gardeners, site maintainers, trustees and many other volunteers. (See our Newsletter and website for more details).

Thanks to the children in our Huncote Hound Club who planted trees as part of the Woodland Trust community scheme.

Examples of fundraisers

Organisers of auctions and quizzes, collecting-tin rattlers, cake-bakers.

The sponsored walkers, marathon runners, Chris Curtis “Virtual” Marathon Runner and everyone who took part in our 2.6 (Twopointsix) Challenge as an alternative to the cancelled London Marathon and other organised runs.

Photographer Nigel Ord Smith for running the “Dog-athon” fundraiser for us.

Stokefest in Stoke Golding who have donated nearly £20,000 to us over many years.

Schools, Rainbows and Guides for their fundraising and donations.

By donating

Over 400 supporters regularly donate money to help look after our animals.

New and pre-loved items for resale though our charity shop and mini-markets.

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Cat and dog food and pet items in collection bins on our site and at ASDA, Attfield’s Farm Shop, Morrison’s, Sainsbury’s and Tesco stores.

To our Christmas Campaign so all our cats and dogs got a special gift.

Ambassador Barrie Steven

Local entrepreneur Barrie Stephen became an ambassador for LAA in 2019. A dedicated fundraiser, big animal lover and a well-respected member of the local business community, Barrie is 'giving something back' with his trademark energy and style by organising events and helping get our name out to the wider community.

Corporate Supporters – it’s not all about direct donations. Giving the gift of time and skills sharing has been incredibly useful to us too

Volunteer teams from many organisations who completed projects for us ranging from fence and mural painting, decorating, gardening, ground clearance and improving the enrichment facilities for the dogs and cats at LAA.

Mars Petcare for donations of lots of petfood for our animals.

Frontline for featuring our residents on their Facebook page

Peaky Digital for help with our digital marketing.

Graphic Designers Bethany Amison and Karen Long for lending their skills.

Pedigree UK and Whiskas UK Feeding Better Future Fund for funding our new Indoor Dog Playground and renovating our Cat Sanctuary outdoor areas.

BHIB Insurance, Blaby District and Parish Councils, Co-op Store Enderby and Proactive Business Services for their ongoing support and fundraising.

Pets at Home Leicester St. Georges and Beaumont Leys for their support and Santa Paws Appeal and Support Adoption for Pets for their financial support.

Pets at Home customers who have donated through their VIP Lifelines cards.

Petplan for funding improvements to our cattery and through their Advent Calendar Giveaway.

Park Group Vets and Paws Vets for donating items for our animals.

Caterpillar for making us beneficiaries of their Caterpillar Cares Christmas 2020 scheme.

Zooplus, Universal Textiles Argos Hinckley for donating animal bedding, toys and items.

Dunelm for their Delivering Kindness Campaign.

Shepshed and Desford Post Offices and their staff, customers and friends for donating items

Pingles Pet Food for sponsoring our online Pawsome Pet Show and help through the year.

Waitrose Community Matters for a donation from their Coved-19 Fund

National Lottery Community Fund, Leicestershire & Rutland Foundation, Leicestershire County Council, Animal Friends Pet Insurance and others for helping fund our Community Pet Support Scheme

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Investing in communications

We are spreading our News and photographs through our twice yearly printed newsletter, Facebook , Twitter, Instagram, Google and YouTube and our website www.leicesteranimalaid.org.uk

Staff Development

We are very proud of our staff’s continued dedication and commitment to their individual roles and the Charity as a whole and the team has excelled during 2020 with both personal and professional development.

Achievements and Performance

Animal numbers

Dogs

Animal numbers
Dogs
Number in to re-home
 109(2019 183) (including2born on site)
Rehomed 110(2019 135)
Strays reunited with owners 34(2019 37)
Returned to LAA 7(2019 16)
Deceased 19(2019 13) (12ill health and7for behavioural reasons)
Cats
Number in to re-home
 158(2019 180) (Including10born on site)
Re-homed 133(2019 171)
Returned to LAA 3(2019 13)
Deceased 8(2019 4) (6ill health,1passed away,1behavioural reason)

Our intake of dogs fell by 40% due to COVID-19 with more people being at home to care for their pets and many more pets bought and sold through the internet and from breeders.

We take this opportunity to thank all our kennel and cattery staff and volunteers for their dedication, hard work in all weathers and the love they give to our residents.

Animal Welfare

Leicester Animal Aid’s non-euthanasia policy ensures that regardless of breed, age and length of stay, all dogs and cats will be cared for until a new, loving home can be found. Whilst in the care of LAA all efforts will be made to ensure their stay is safe, secure and happy. Their psychological and physical welfare is our primary concern. However, sadly there are occasions when it becomes apparent that an animal may be deemed too ill or aggressive to enjoy a quality of life and as a responsible and caring organisation we cannot re-home. Any decision to put an animal to sleep is taken only when all other avenues have been exhausted and must be authorised in writing by the General Manager, in consultation with our nominated veterinary practice, and where appropriate, a qualified behaviourist.

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Any such sad decisions are reported to the Management Committee with full details by the General Manager as part of her Operational Report.

It may be necessary to put an animal to sleep for the following reason(s):

To relieve suffering from physical or psychological illness that is not considered viable to be treated and will result in a poor quality of life for the animal.

Aggression that deems the animal unsuitable for re-homing due to the likelihood of bites and subsequent injury to other person and/or in some situations other animals.

Aggression that deems the animal unsuitable to be accommodated at the Centre due to the likelihood of bites and subsequent injury to other person and/or in some situations other animals.  FIV and/or FeLV positive cats.

What is FIV?

Feline immunodeficiency virus (FIV) stops a cat’s body from producing a normal immune response. Infected cats are highly susceptible to secondary infections and illnesses.

The FIV virus is usually passed through biting in fights. It can be spread through one bite, either from or inflicted upon, an FIV infected cat. Infected cats are a risk to healthy cats.

What is FeLV?

Feline leukaemia virus (FeLV) is an incurable viral infection that eventually produces fatal illness in infected cats.

The virus is spread by infected cats through licking, biting, sharing food bowls and litter trays. Close contact is required and the virus is found in saliva, urine and other secretions of infected cats.

We are proud that our enrichment activities have been recognised on a national and international stage. We have hosted representatives from many other animal welfare organisations who have visited our site and who have been very impressed with the enrichment facilities provided by the staff and site and also by its cleanliness and technical aspects.

Pet support

A kennel environment is by its very nature a stressful experience for domestic pets and we are planning to provide even more facilities during 2020 to help alleviate the animals’ stress and boredom. We continue to look for further improvements to our site.

Community Pet Support Scheme (CPSS) .

We were delighted to launch in July 2016 our ‘free to use Community Pet Support Scheme’ for elderly, disabled, isolated and vulnerable people in the Districts of Oadby & Wigston, Blaby and Hinckley & Bosworth to help them keep their cherished pets in their homes.

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

This is done by working with professional referral partners such as local social services, health services and voluntary organisations. This scheme is run by our CPSS co-ordinator with a team of staff and volunteers.

Financial Review

The charity receives no government support and is totally reliant for its income on legacies, donations, fundraising, donations from our trading subsidiary and investment income.

The vast majority of our expenditure goes towards our charitable objectives of finding loving forever homes for our re-homed animals and to provide support and guidance for pet owners.

Income
Legacies
Grants
Donations and fundraising
Homing fees
Donation from trading subsidiary
Shop income

Investment Income
Total income
 2020
£
%
£750,246
66%
£3,000
<1%
£304,928
27%
£22,432
2%
£ Nil
£52,880 5%
£1,133,486 100%
£33,636
£1,167,122		 2019
£
%
£146,801
28%
£19,558
4%
£238,035
46%
£29,034
6%
£ Nil
£87,577 16%
£521,005 100%
£54,703
£575,708

2020 has been an exceptionally good year financially for the charity, our total income was £1,167,122 (2019 £575,708) and our costs were £698,739 (2019 £715,485). As a consequence the charity finishes the year with a gain of £580,887 (including unrealised gains on investments of £112,504) in 2019 the gain was £48,590 (including unrealised gains on investments of £188,367).

Our financial viability is highly dependent on legacy income which by its nature is very volatile. In 2020 we received exceptional and unexpected amounts from legacies of £750,246 (2019 146,801). The proportion of our income from legacies rose to 66% from 28% in 2019. This cannot be relied on or expected in future years.

The Trustees are aware that future income from legacies cannot be guaranteed and therefore it is prudent to identify ways in which income from other sources can be generated to cover any potential shortfall in the future. The Trustees and fundraising team are working on different income-generating projects to provide regular income through membership, monthly donations and trading income.

With the large amount of legacies received plans are being considered to make improvements to the site to benefit the welfare of the animals in our care and the working environment for our staff. This may include improvements to the cattery particularly the outside play areas, improvements to the kennels and renovation or replacement of the kennel kitchens and work on the site boundaries and security of the site.

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Expenditure
2020
£
%
Fundraising costs
£34,748
5%
Charitable expenditure
£645,206
92%
Governance costs
£15,473
2%
Corporation tax
£3,312
<1%
Total costs
£698,739
100%
92p in the £1 (92p in 2019) of our costs are spent on our charitable aims.		 2019
£
%
£51,901
7%
£656,684
92%
£12,552
2%
(£5,652) (1%)
£715,485
100%

In 2020 our payroll costs fell by £10,740 from £439,012 to £428,272 with staff numbers decreasing from 36 to 34. We furloughed a number of staff in the year with reduced activity in the kennels and received £40,515 from the government the CJRS scheme.

Veterinary fees fell by £10,425 from £63,101 to £52,676. Although the numbers of animals that come into our home fell more care was required for them and those on our animal foster scheme.

In November 2016 the charity put in a place an employees’ pension scheme with People’s Pension and are pleased to report a 100% take up by eligible staff. In 2020 this cost the charity £10,782.

The General Manager and her staff are to be commended for maintaining tight budgetary control over expenditure throughout the year. Control of costs against the budget is particularly important when we have such volatility of income.

Leicester Animal Aid Limited (LAA Ltd) is the wholly-owned trading subsidiary of the charity. 2020 was a poor year for LAA Ltd with the shops being closed for long periods and very few sales events able to take place. Income fell from £92,224 in 2019 to £56,092 in 2020 and we were not able to donate any profit from LAA Ltd to the Charity in 2020.

Investment Policy and Performance

Aims

The overall investment aim is to maximise income in the form of interest and dividends, whilst maintaining the value of the capital sums invested. During 2020 the Trustees followed independent financial investment advice from Handford Aitkenhead & Walker Ltd.

Preferences/Constraints

Wherever possible investments exclude organisations which are involved in animal testing for cosmetic or pharmaceutical purposes, intensive farming or fur trading. This does very much restrict the range of funds we can invest in.

Short-term financing needs will be achieved through the use of Fixed Term Deposits. The term of each deposit should not exceed 12 months.

Risk Profile

A risk-averse investment policy was pursued in order to protect the underlying value of the funds donated by our supporters.

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Monitoring

Returns on investment are monitored by the Treasurer to ensure that an adequate income stream is being maintained. Investment performance is reviewed periodically by the Treasurer in conjunction with the financial advisors and reported to the Trustees four times a year.

A spread of ethical investments is actively managed by Aviva. This year there has been a fall in dividends and interest to £14,953 (2019 £34,277).

2020 was a good year for our investments with a strong gain at the end of the year. Our portfolio, which is a mixture of equities 57%, fixed interest securities 37% and cash 6%, gained £112,504 (2019 gain £188,367) before income withdrawals of £39,000 a gain of 9.28%.

Investment income is received net of investment management costs, which are deducted at source. Investment management costs are made up of the following elements:

Aviva transactional and ongoing fees 0.82 %
Investment Advice Fees (after charity discount) 0.44%
Total costs of investment are 1.3% (2019 1.3%) per annum.

Reserves Policy

Reserves are held to protect the charity against fluctuations in income and to ensure that sufficient funds are held to enable us to fulfil our plans and objectives. The Trustees have reviewed the Reserves Policy in the light of the Strategic Review and have decided it would be prudent to hold allocated reserves to cover specific planned activities. In addition, the Trustees have noted that many charities within the sector have felt it prudent to hold two years’ operating expenses in reserve to cover any potential downturns in income and have decided to set the Operating Cost Reserve accordingly. Reserves are allocated as follows:

Designated Funds

Reserve Name Objective Amount
 Operating Cost Reserve To ensure and protect continuing
operation of the re-homing centre		 £1,000,000
 Maintenance Reserve To ensure the re-homing centre
continues to be fit for purpose		 £100,000
 Business Development Reserve To ensure that funds are available to
support activities designed to raise
revenue		 £150,000
 Outreach Support Reserve To provide funds to support dogs and
cats in the local community		 £25,000

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Trustees’ Report For the year ended 31 December 2020

The Leicester & Leicestershire Animal Aid Association

Restricted Funds

Funds given through donations or other sources for specific projects will be separately identified and treated as restricted reserves. Restricted reserves will only be spent for their intended use as specified by the donor.

Movements on reserves are regularly monitored by the Treasurer and reported to the Trustees on at least a quarterly basis.

Reserves are invested in accordance with the charity’s Investment Policy and the Reserves Policy is reviewed annually.

COVID19 Statement

The COVID-19 pandemic has had a financial impact on the charity and will continue to do so.

Our initial response was to close our shops, stop sales events, close the centre to the general public and instruct our volunteers not to attend. In this way we could ensure, with social distancing, that our animal welfare staff could provide seven day a week care for the animals at our centre.

With shop closures this also reduced the amount of donated food and pet items we were able to collect for the animals in our care from supermarkets and supporters.

As pet owners stayed at home and more pets were bought and sold on the internet this reduced the numbers of animals coming into our care especially dogs.

Income for the trading company LAA Ltd fell from £92,224 in 2019 to £56,092 in 2020 and profits before donations to the charity fell from £54,273 to £16,476. No donation was made to the charity in 2020 to maintain working funds in LAA Ltd. In May 2021 LAA Ltd returned to profit with the reopening of the shops but larger sales events have not yet been planned so a full return to earlier years’ profits is not yet expected.

The long term effect on income is an unknown. We had expected to see a fall for two to three years in donations, memberships, homing fees as supporters’ disposable income fell, however regular donations and memberships held up well. To counteract this, our fundraising team is working harder than ever both in the office and at home with online fundraising and grant applications and we are sending News to supporters of positive stories about both our staff and the animals in our care. We are taking in and rehoming animals by appointment from our waiting lists with social distancing being maintained.

Staff have continued to work with some working from home where appropriate. A number of staff have been put on Furlough, with part time working where possible, and we would like to thank the staff for their positive attitude during these difficult times.

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The Leicester & Leicestershire Animal Aid Association

Trustees’ Report For the year ended 31 December 2020

Structure, Governance and Management

LAA is an unincorporated charity and the charity’s objects are set out in its Rules and Constitution (2012).

The charity was formally founded in 1956 by Dorothea Farndon who used to buy all the stray dogs from the police each week that were due to be shot, having not been claimed. In 1960 Mrs Farndon acquired land at Thurmaston Lane, Leicester where she was able to put up kennels and establish her own rescue centre. In 1971 she oversaw the move to the current premises in Huncote, Leicestershire. In December 1987, after over 40 years of caring for animals, Mrs Farndon reluctantly retired.

The trustees are appointed by the Membership at the Annual General Meeting and under current Rules general trustees may serve for an unlimited period of time. The Revised Rules and Constitution (2012) require the election of the officers of the charity (a chair, vice-chair, secretary, treasurer and assistant treasurer) from amongst the members at the Annual General Meeting, who shall hold office from the conclusion of that meeting for a period of two years.

LAA is overseen by a Management Committee, which consists of up to 17 trustees who undertake their duties without payment.

The Committee meets every six weeks to discuss and agree the broad strategy and areas of activity for the charity, including consideration of investment, reserves and risk management policies and performance. The Committee receives an operational report from the General Manager covering the welfare of animals, personnel issues, operational statistics and other matters and an update report of activities from the Fundraising Manager. The committee receives monthly reports from the Treasurer of the financial position of the charity and trading company.

The Trustees have undertaken a review of their skills and experience and have drawn up a Trustees’ Skills Matrix and are actively seeking further appropriately-qualified and/or experienced potential Trustees.

As LAA continues its work within an increasingly complex legal, social and environmental framework the trustees have recognised the need to focus on specific issues and to draw on specialist skills, whether they exist within the trustee body, or elsewhere.

The charity is a member of the Association of British Dogs and Cats Homes and is affiliated to the charity Wood Green Animal Shelters.

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Trustees’ Report For the year ended 31 December 2020

The Leicester & Leicestershire Animal Aid Association

Risk Management

The Trustees have reviewed the major risks and are satisfied that systems and procedures have been established to manage those risks.

The trustees and staff assess and review through the year the risks associated with running the charity and have established systems and procedures to mitigate against material risks. The General Manager reports to the Trustees at each Management Committee Meeting on all aspects of Risk Management. All insurable risks are covered by insurance, including public liability, buildings and premises, trustee indemnity insurance.

A principle risk is the safety of our staff and dog walking volunteers when they are with the animals in our care. All animals coming into our care are carefully assessed to identify any problems or issues they might have – whether physical, behavioural or emotional. We then put into place a programme of management, which may involve our qualified behaviourists. To protect our staff we have procedures regarding the care of animals with known health and/or behavioural issues and ensure that levels of skill, experience and training are carefully matched to the needs of each and every animal in our care. All members of staff receive training in animal care and handling and some have specialist qualifications in animal welfare and behaviour. Each dog-walking volunteer is inducted into the organisation and fully trained and informed of the policies and procedures that we have set up for their protection and wellbeing. Any incidents involving significant injury to members of staff and volunteers are formally reported to the Management Committee by the General Manager.

A principle risk when rehoming animals is the risk of a rehomed animal biting a member of the public. We seek to minimise risk by investing in training for our staff in animal welfare and behaviour. To minimise risks our members of staff are honest and open about any animal ready for re-homing that has suffered from any physical, emotional or behavioural issues and great care is taken to ensure that potential rehomers have the requisite level of skill and experience to take on any of the more “difficult” cases. We offer continuing support to all our re-homers once the animal has gone to its forever home. A serious incident would place the charity at risk of significant reputational damage and potentially catastrophic financial loss.

The trustees once again consider the variability of income, in particular legacy income, to constitute a major risk and have carried out a strategy review to look at ways of increasing regular income to cover all annual costs.

Trustees have reviewed the Reserves Policy to ensure that we have sufficient funds held in reserve to continue our operations in the event of a significant downturn in income and also the Investment Policy to ensure our excess funds are prudently invested.

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Trustees’ Report For the year ended 31 December 2020

The Leicester & Leicestershire Animal Aid Association

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the trustees

E. Anne Martin Ian Pritchard BSc FCA

Date: 31[st] August 2021

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The Leicester & Leicestershire Animal Aid Association

Report of the Independent Auditors to the Trustees of

Leicester and Leicestershire Animal Aid Association For the year ended 31 December 2020

We have audited the financial statements of Leicester and Leicestershire Animal Aid Association (the ‘parent charity’) and its subsidiaries (the ‘group’) for the year ended 31 December 2020 on pages 21 to 33, which comprise the Statement of Financial Activities, the Statement of Cash Flows, the Consolidated and Charity Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and and United Kingdom Accounting Standards including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustee’s annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we

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The Leicester & Leicestershire Animal Aid Association

Report of the Independent Auditors to the Trustees of

Leicester and Leicestershire Animal Aid Association For the year ended 31 December 2020

conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 16, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

18

The Leicester & Leicestershire Animal Aid Association

Report of the Independent Auditors to the Trustees of

Leicester and Leicestershire Animal Aid Association For the year ended 31 December 2020

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

19

The Leicester & Leicestershire Animal Aid Association

Report of the Independent Auditors to the Trustees of

Leicester and Leicestershire Animal Aid Association For the year ended 31 December 2020

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

The Rowleys Partnership Ltd Statutory Auditors Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP

Date: 1[st] September 2021

20

The Leicester & Leicestershire Animal Aid Association

Consolidated Statement of Financial Activities For the year ended 31 December 2020

Note
Income and endowments from:
Donations and legacies
2
Other trading activities
2a
Investments
3
Other income
3a
Total income
Expenditure on:
Cost of generating funds
Fundraising costs
4
Charitable expenditure
Costs of activities in furtherance
of the Charity's objectives
5
Other
Support costs
6
Corporation tax
7a
Total expenditure
Net gains/(losses) on investments:
8
Net income
Funds Transferred
12
Net movement in funds
12
Reconciliation of funds:
Total funds brought forward
12
Total funds carried forward		 Unrestricted
Funds
£
960,119
83,406
33,636
45,675
1,122,836
34,748
599,872
15,473
3,312
653,405
112,504
581,935
(12,064)
569,871
2,865,325
3,435,196		 Restricted
Funds
£
44,286
-
-
-
44,286
-
45,334
-
45,334
-
(1,048)
12,064
11,016
12,100
23,116		 Total
Total
2020
2019
£
£
1,004,405
378,842
83,406
120,480
33,636
54,703
45,675
21,683
1,167,122
575,708
34,748
51,901
645,206
656,684
15,473
12,552
3,312
(5,652)
698,739
715,485
112,504
188,367
580,887
48,590
-
-
580,887
48,590
2,877,425
2,828,835
3,458,312
2,877,425

All income and expenditure is derived from continuing activities.

21

The Leicester & Leicestershire Animal Aid Association

Consolidated Balance Sheet As at 31 December 2020

Note
Fixed Assets
Investments
8
Tangible assets
9
Current Assets
Debtors
10
Stock
Cash at bank and in hand
Current Liabilities
Creditors
Amounts falling due within one year
11
Net Current Assets
Unrestricted Funds
12
Designated Funds
Restricted Funds
Approved on behalf of the trustees:
E A Martin		 £
£
£
£
1,400,379
1,309,008
1,158,299
1,183,515
2,558,678
2,492,523
134,511
24,174
6,376
5,635
771,864
383,344
912,751
413,153
(13,117)
(28,251)
899,634
384,902
3,458,312
2,877,425
2,160,196
1,590,325
1,275,000
1,275,000
23,116
12,100
3,458,312
2,877,425
2020
2019

I Pritchard

Date: 31st August 2021

The notes on pages 25 to 33 form part of these financial statements

22

The Leicester & Leicestershire Animal Aid Association

Charity Balance Sheet As at 31 December 2020

Note
Fixed Assets
Investments
8
Tangible assets
9
Current Assets
Debtors
10
Cash at bank and in hand
Current Liabilities
Creditors
Amounts falling due within one year
11
Net Current Assets
Unrestricted Funds
12
Designated Funds
Restricted Funds
Approved on behalf of the trustees:
I Pritchard
E A Martin		 £
£
£
£
1,400,380
1,309,009
1,151,087
1,175,502
2,551,467
2,484,511
130,996
27,532
760,389
375,735
891,385
403,267
(12,173)
(24,823)
879,212
378,444
3,430,679
2,862,955
2,132,563
1,575,855
1,275,000
1,275,000
23,116
12,100
3,430,679
2,862,955
2020
2019

Date: 31st August 2021

The notes on pages 25 to 33 form part of these financial statements

23

The Leicester & Leicestershire Animal Aid Association

Consolidated Statement of Cash Flows As at 31 December 2020

2020 2019
Note £ £
Cash flow from operations 1 360,951 (141,042)
Tax paid (5,652)
Cash flow from operating activities 360,951 (146,694)
Cash flow from investing activities
Interest received 1,460 4,971
Dividends received 14,953 34,277
Capital expenditure
Fixed asset additions (9,977) (23,440)
Investment additions (977,628) (1,079,364)
Investment disposal proceeds 998,761 1,079,364
Net cash flow from investing activities 27,569 15,808
Net increase/(decrease) in cash and cash equivalents 388,520 (130,886)
Cash and cash equivalents at the beginning of the reporting period 383,344 514,230
Cash and cash equivalents at the end of the reporting period 771,864 383,344
Cash and cash equivalents consists of:
Cash at bank and in hand 624,279 236,204
Short term deposits 147,585 147,140
Cash and cash equivalents at 31 December 2020 771,864 383,344
Note 1
Reconciliation of net income to net cash flow from operating activities
2020 2019
£ £
Net income for year (as per the statement of financial activities) 580,887 48,590
Adjusted for:
Gain/(loss)on investment (112,504) (188,367)
Dividends and interest from investments (16,413) (39,248)
Depreciation charges 35,193 32,574
Decrease/(increase) in stocks (741) 914
Decrease/(increase) in debtors (110,337) (17,606)
(Decrease)/increase in creditors (15,134) 22,101
Net cash flow from operating activities 360,951 (141,042)

24

The Leicester & Leicestershire Animal Aid Association

Notes to the Accounts For the year ended 31 December 2020

1 Accounting policies

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The financial statements have been prepared under the historical cost convention except for the valuation on investment assets where appropriate, which are shown at market value.

Group financial statements

The financial statements consolidate the results of the charity and its wholly owned subsidiary Leicester Animal Aid Ltd on a line-by-line basis.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Restricted Funds

These relate to monies received for specific projects, notably the sponsor fund whereby individuals sponsor the care of certain animals. Certain monies received in the past relating to building projects are transferred to unrestricted funds once the building works have been achieved.

Unrestricted Funds

Unrestricted Funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objectives.

Designated Funds

Designated Funds comprise of those funds which the trustees have seperated from general funds for specific operational projects as detailed in Note 12 of these financial statements.

Income & Expenditure

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. This also applies to any legacies.

Gifts in kind are estimates based on market price the charity would otherwise have paid.

Expenditure is recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure.

All income and expenditure is accounted for on an accruals basis.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Costs include those directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows:

Freehold Land and Buildings 2% Per annum on cost of buildings Plant and Machinery 10% Per annum on net book value Motor Vehicles 25% Per annum on net book value

25

Notes to the Accounts For the year ended 31 December 2020

The Leicester & Leicestershire Animal Aid Association

1 Accounting policies continued

Government Grant

Government grants receivable in relation to job retention scheme and retail scheme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SOFA if the shares are publicly traded or their fair value can otherwise be reliably measured.

Investments in subsidiaries are measured at cost less impairment.

Allocation of overheads and support costs

Overhead and support costs have been allocated between costs of activities in furtherance of the charities objectives and governance costs.

Costs of activities in furtherance of the Charity's objectives

Costs of activities in furtherance of the Charity's objectives are those costs incurred in the day to day running of the charity in order to meet its objectives, as described in the report of the trustees.

Governance costs

Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

2
Donations and legacies

Legacies
Membership fees
Collection Boxes
Give as you earn donations
Subscriptions, donations & prize draws
Homed
Gifts in kind
Sponsors		 Unrestricted
fund
£
750,246
19,602
1,872
238
127,128
22,432
38,051
550
960,119		 Restricted
fund
£
-
-
-
-
44,286
-
-
-
44,286		 Total
2020
£
750,246
19,602
1,872
238
171,414
22,432
38,051
550
1,004,405		 Unrestricted
fund
£
146,801
16,716
5,109
610
109,150
29,034
38,142
1,013
346,575		 Restricted
Total
fund
2019
£
£
-
146,801
-
16,716
-
5,109
-
610
32,267
141,417
-
29,034
-
38,142
-
1,013
32,267
378,842

The charity is continually grateful to the donations of the general public and various institutions for donations of food and consumables utilised by the charity in the caring for the animals. An amount totalling £38,051 in respect of the fair value of these goods is recognised in donations above with the equivalent charge included within 'Food and consumables' in note 5 of these financial statements.

2a
Other trading activities

Fund raising
Shop income		 Unrestricted
fund
£
30,526
52,880
83,406		 Restricted
fund
£
-
-
-		 Total
2020
£
30,526
52,880
83,406		 Unrestricted
fund
£
32,903
87,577
120,480		 Restricted
Total
fund
2019
£
£
-
32,903
-
87,577
-
120,480

26

The Leicester & Leicestershire Animal Aid Association

Notes to the Accounts

For the year ended 31 December 2020

3
Schedule of Investment income
Unrestricted
Restricted
fund
fund
£
£
Bank deposit interest
1,460
-
Dividend income
14,953
-
Tax rebate on covenants and gift aid
17,223
-
33,636
-
3a
Other Income
Unrestricted
Restricted
fund
fund
Grant income
3,000
-
CJRS Income
40,515
-
Rental income
2,160
-
45,675
-
4
Fundraising costs
Unrestricted
Restricted
fund
fund
£
£
Fundraising
31,615
-
Advertising
3,110
-
34,748
-
5
Costs of activities in furtherance of the Charity's objectives
Unrestricted
Restricted
fund
fund
£
£
Salaries and wages
345,218
39,698
Social security costs
18,601
-
Veterinary and medical fees
50,088
2,588
Rates and water charges
3,115
-
Food and consumables
41,733
1,387
Cleaning and waste disposal charges
8,576
-
Training
1,223
-
Heating and lighting
13,012
-
Repairs and renewals
12,781
1,638
Insurances
8,154
-
Sundry expenses
4,835
-
Depreciation of buildings
33,052
-
Depreciation motor vehicles
642
-
Depreciation plant and machinery
1,499
-
Motor expenses
3,700
-
Printing postage and stationery
20,805
-
Telephone charges
2,848
23
Computer and internet
2,564
-
Bank charges
862
-
Subscriptions
715
-
Shop running costs
25,849
-
599,872
45,334		 Total
Unrestricted
2020
fund
£
£
1,460
4,971
14,953
34,277
17,223
15,455
33,636
54,703
Total
Unrestricted
2020
fund
3,000
-
40,515
-
2,160
2,125
45,675
2,125
Total
Unrestricted
2020
fund
£
£
31,615
46,778
3,133
5,107
34,748
51,901
Total
Unrestricted
2020
fund
£
£
384,916
327,655
18,601
21,456
52,676
60,706
3,115
2,193
43,120
38,472
8,576
10,263
1,223
354
13,012
16,843
14,419
3,217
8,154
8,678
4,835
4,008
33,052
30,051
642
857
1,499
1,666
3,700
3,937
20,805
23,508
2,871
2,847
2,564
1,605
862
102
715
668
25,849
28,183
645,206
587,269		 Restricted
Total
fund
2019
£
£
-
4,971
-
34,277
-
15,455
-
54,703
Restricted
Total
fund
2019
19,558
19,558
-
-
-
2,125
19,558
21,683
Restricted
Total
fund
2019
£
£
-
46,794
-
5,107
-
51,901
Restricted
Total
fund
2019
£
£
50,455
378,110
-
21,456
2,395
63,101
-
2,193
3,530
42,002
-
10,263
120
474
-
16,843
11,509
14,726
-
8,678
560
4,568
-
30,051
-
857
-
1,666
77
4,014
-
23,508
190
3,037
579
2,184
-
102
-
668
-
28,183
69,415
656,684

27

The Leicester & Leicestershire Animal Aid Association

Notes to the Accounts

For the year ended 31 December 2020

6
Support costs
Governance costs
Salaries and wages
Social security costs
Legal and professional fees
Auditors' remuneration - Audit
Auditors' remuneration - Non Audit
7
Staff costs
Wages and Salaries
Employers National Insurance
Employers Pension Contributions
The average number of employees was:		 Unrestricted
fund
£
4,017
434
519
4,740
5,763
15,473		 Total
2020
£
4,017
434
519
4,740
5,763
15,473		 Unrestricted
Total
fund
2019
£
£
4,020
4,020
436
436
445
445
2,970
2,970
4,681
4,681
12,552
12,552
2020
2019
£
£
398,455
406,123
19,035
21,892
10,782
10,997
428,272
439,012
2020
2019
34
36

Personnel, deemed as key to the purposes of the charity by the trustees received remuneration in the year totalling £44,511 (2019 - £44,568).

Key personnel are occasionally reimbursed for travel costs, these however are not material to the financial statements. No employee has received remuneration in excess of £60,000 in the current or prior financial period.

The trustees are all volunteers and received no remuneration or reimbursement of expenses in this year or in the previous year.

7a Taxation

No taxation is payable by the charity for the year as it is able to make use of the tax exemption on income and capital gains available to charities.

The taxation charge is in relation to the profit on ordinary activities of the the subsidiary and is in relation to an under provision in 2019.

8
Group Investments
Cost or Valuation brought forward
Addition
Disposals
Change in market value
Cost or Valuation carried forward		 Listed
£
1,309,008
977,628
(998,761)
112,504
1,400,379		 Total
Total
2020
2019
£
£
1,309,008
1,120,640
977,628
1,079,364
(998,761)
(1,079,364)
112,504
188,368
1,400,379
1,309,008

28

The Leicester & Leicestershire Animal Aid Association

Notes to the Accounts For the year ended 31 December 2020

8
Charity Investments
Cost or Valuation brought forward
Addition
Disposals
Change in market value
Cost or Valuation carried forward		 Listed
£
1,309,008
977,628
(998,761)
112,504
1,400,379		 Total
Total
Unlisted
2020
2019
£
£
£
1
1,309,009
1,120,641
-
977,628
1,079,364
-
(998,761)
(1,079,364)
-
112,504
188,368
1
1,400,380
1,309,009

The charity owns the whole of the issued ordinary share capital of Leicester Animal Aid Ltd, a company registered in England, no.07064232. The subsidiary is used for non-primary purpose trading activities. Available profits are gifted to the charity and subsequently treated as donations. A summary of the results of the subsidiary is shown below:

2020 2019
Profit and loss account £ £
Turnover 56,092 92,224
Cost of sales (14,723) (16,916)
Gross profit 41,369 75,308
Administrative expenses (24,893) (21,035)
Corporation tax (3,312) 5,652
Profit after taxation 13,164 59,925
Balance Sheet
Assets 29,387 30,151
Liabilities (1,752) (15,680)
27,635 14,471
Share capital 1 1
Profit and loss 27,634 14,470
Shareholders' funds 27,635 14,471
Listed investments relate to a portfolio, managed on behalf of the charity by a professional
independent third party.
Investments consist of the following; 2020 2019
£ £
Listed holdings- UK equities 1,373,741 1,237,010
Cash on deposit 26,638 71,998
1,400,379 1,309,008

29

The Leicester & Leicestershire Animal Aid Association

Notes to the Accounts For the year ended 31 December 2020

----- Start of picture text -----
9 Group Tangible assets Freehold
Land and Plant and Motor
Buildings Machinery Vehicles Total
Cost £ £ £ £
At 1 January 2020 1,750,639 59,372 10,970 1,820,981
Additions 9,977 - - 9,977
- - - -
Disposals
At 31 December 2020 1,760,616 44,434 10,970 1,830,958
Depreciation
At 1 January 2020 584,685 44,380 8,401 637,466
Charge for the year 33,052 1,499 642 35,193
- - -
Eliminated on disposal
At 31 December 2020 617,737 38,153 9,043 672,659
Net book value
At 31 December 2020 1,142,879 6,281 1,927 1,158,299
At 31 December 2019 1,165,954 14,992 2,569 1,183,515
9 Charity Tangible assets Freehold
Land and Plant and Motor
Buildings Machinery Vehicles Total
Cost £ £ £ £
At 1 January 2020 1,750,639 44,434 10,970 1,806,043
Additions 9,977 - - 9,977
- - - -
Disposals
At 31 December 2020 1,760,616 44,434 10,970 1,816,020
Depreciation
At 1 January 2020 584,685 37,455 8,401 630,541
Charge for the year 33,052 698 642 34,392
- - -
Eliminated on disposal
At 31 December 2020 617,737 38,153 9,043 664,933
Net book value
At 31 December 2020 1,142,879 6,281 1,927 1,151,087
At 31 December 2019 1,165,954 6,979 2,569 1,175,502
As at 31 December 2020 Freehold property was held in the name of the holding trustees, being; Jessica Rose Bostock
and Dana Newcombe. Subsequent to the year end, as at 15 July 2021, title was transferred to the Official Custodian
for Charities under the power given in sections 69 and 90 of the Charities Act 2011.
----- End of picture text -----

30

The Leicester & Leicestershire Animal Aid Association

Notes to the Accounts For the year ended 31 December 2020

10
Debtors
Trade debtors
Amounts owed from subsidiary company
Prepayments and accrued income
VAT receivable
11
Creditors: amounts falling due within on
Trade creditors
Accruals and deferred income
Other creditors		 e year 2020
2019
£
£
720
1,263
-
-
127,821
17,576
5,970
5,335
134,511
24,174
2020
2019
£
£
4,767
20,836
7,739
4,829
611
2,586
13,117
28,251
Group
Group		 2020
2019
£
£
720
1,263
-
-
127,821
17,576
5,970
5,335
134,511
24,174
2020
2019
£
£
4,767
20,836
7,739
4,829
611
2,586
13,117
28,251
Group
Group		 2020
£
-
647
125,179
5,170
130,996
2020
£
4,756
6,806
611
12,173
Cha
Cha		 2019
£
-
10,007
14,855
2,670
rity
27,532
2019
£
17,868
4,369
2,586
rity
24,823
12
Group funds and funds transfers
Unrestricted Balance
at 01.01.20
£		 Incoming
£		 Outgoing
£		 Balance
Transfers
at 31.12.20
£
£
General 1,590,325 1,122,836 (540,901) (12,064)
2,160,196
Designated:
Rehoming Centre Operations
Rehoming Centre Maintenance
Business Development
Outreach Support
Restricted
Special purpose donations
- Kennels Enrichment
- Cattery Enrichment
P Dakin Legacy
Grants re Dog Enrichment
Jean Chuter Memorial Fund
Community Pet Support Scheme
Petplan (Site signs Profect)
Dog Adventure Playground Project 2019		 1,000,000
100,000
150,000
25,000		 -
-
-
-		 -
-
-
-		 -
1,000,000
-
100,000
-
150,000
-
25,000
1,275,000 - - -
1,275,000
6,033
1,916
1,671
-
1,334
-
304
842		 4,230
8,892
-
10,400
-
20,764
-
-		 (627)
(1,479)
-
(800)
-
(42,428)
-
-		 -
9,636
-
9,329
-
1,671
(9,600)
-
-
1,334
21,664
-
-
304
-
842
12,100 44,286 (45,334) 12,064
23,116
Total funds 2,877,425 1,167,122 (586,235) -
3,458,312

31

The Leicester & Leicestershire Animal Aid Association

Notes to the Accounts For the year ended 31 December 2020

----- Start of picture text -----
12 Charity funds and funds transfers
Balance Balance
at 01.01.20 Incoming Outgoing Transfers at 31.12.20
Unrestricted £ £ £ £ £
General 1,575,855 1,069,956 (501,184) (12,064) 2,132,563
Designated:
Rehoming Centre Operations 1,000,000 - - - 1,000,000
Rehoming Centre Maintenanc 100,000 - - - 100,000
Business Development 150,000 - - - 150,000
Outreach Support 25,000 - - - 25,000
1,275,000 - - - 1,275,000
Restricted
Special purpose donations
- Kennels Enrichment 6,033 4,230 (627) - 9,636
-
- Cattery Enrichment 1,916 8,892 (1,479) 9,329
- - -
P Dakin Legacy 1,671 1,671
- -
Grants re Dog Enrichment 10,400 (800) (9,600)
Jean Chuter Memorial Fund 1,334 - - - 1,334
- -
Community Pet Support Sche 20,764 (42,428) 21,664
Petplan (Site signs Profect) 304 - - - 304
Dog Adventure Playground Pr 842 - - - 842
12,100 44,286 (45,334) 12,064 23,116
Total funds 2,862,955 1,114,242 (546,518) - 3,430,679
----- End of picture text -----

12 Group and Charity Funds and funds transfers continued

Transfers can occur when project spending has been charged through general reserves but related to restricted funds. Furthermore, where funds relate to capital projects, the policy is to make a transfer to unrestricted funds once the capital spend has taken place. In the year the analysis of the transfers were as follows:

----- Start of picture text -----
£
Costs charged through general reserves 22,041
Capital spend (9,977)
12,064
Grant - re Dog Enrichment
Funds were received from Support adoption and were designated by the trustees to be used towards the
dog adventure playground project, amounting to £9,600 in the year. Total of £ 9,977 was spent on the
project leaving an deficit of £377 which has been shown as a transfer from unrestricted funds.
Community Pet Support Scheme
A scheme set up to help the elderly, disabled, isolated and vulnerable people to help them keep their
cherished pets in their homes.
----- End of picture text -----

13 Group analysis of net assets by fund

Unrestricted
Funds
£		 Designated
Funds
£		 Restricted
Funds
£		 Total
Total
2020
2019
£
£
Fixed Assets
Current Assets
Current Liabilities		 2,173,313
-
(13,117)		 385,365
889,635
-		 -
23,116
-		 2,558,678
2,492,523
912,751
413,153
(13,117)
(28,251)
2,160,196 1,275,000 23,116 3,458,312
2,877,425

32

Notes to the Accounts For the year ended 31 December 2020

The Leicester & Leicestershire Animal Aid Association

13 Group analysis of net assets by fund

Unrestricted
Funds
£
Fixed Assets
2,173,313
Current Assets
-
Current Liabilities
(13,117)
2,160,196
Charity analysis of net assets by fund
Unrestricted
Funds
£
Fixed Assets
2,144,736
Current Assets
-
Current Liabilities
(12,173)
2,132,563		 Designated
Funds
£
385,365
889,635
-
1,275,000
Designated
Funds
£
406,731
868,269
-
1,275,000		 Restricted
Funds
£
-
23,116
-
23,116
Restricted
Funds
£
-
23,116
-
23,116		 Total
Total
2020
2019
£
£
2,558,678
2,492,523
912,751
413,153
(13,117)
(28,251)
3,458,312
2,877,425
Total
Total
2020
2019
£
£
2,551,467
2,484,511
891,385
403,267
(12,173)
(24,823)
3,430,679
2,862,955

13 Charity analysis of net assets by fund

14 Commitments

The charity had total guarantees and commitments at the balance sheet date of £20,054 (2019- £26,482).

15 Related party transactions

As explained in note 8 under investments. Donations received in the year from the subsidiary was £Nil (2019 - £64,747). Donations received, without restrictions, from the trustees was £1,779 in the year.

33