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|Trustees’ annual report|1|
|Independent auditor's report to the members|6|
|Statementoffinancial activities|10|
|Statementoffinancial position|11|
|Statement ofcash flows|12|
|Notes to the financial statements|13|
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|||2023|2023|2022|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|Total funds|Total funds|
||Note|£|£|£|
|Income and endowments|||||
|Donations and legacies|4|293,987|293,987|618,146|
|Investment income|5|
255,567|
255,567|226,347
|
|Total income||
549554|
549554|844,493
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|Expenditure|||||
|Expenditure on raising funds:|||||
|Investment management costs|6|31,396|31,396|31,184|
|Expenditure on charitable activities|7,8|
560,820|
560,820|450,622
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|Total expenditure||
592.216|
592,216|481,806
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|Net gains/(losses) on investments|10|(527,512)|(527,512)|906,247|
|Net income/(expenditure) and net movementin funds||
484,850|
484,850|
(543,560)
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|Reconciliation offunds|||||
|Total funds brought forward||10,398,818|10,398,818|10,942,378|
|Total funds carried forward||10,883,668|10,883,668|10,398,818|
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|||2023|2022|
|---|---|---|---|
||Note|£|£|
|Fixed assets||||
|Tangible fixed assets|15|98,179|95,549|
|Investments|16|10,240,159|9,473,606|
|||10,298,338|9,529,155|
|Current assets||||
|Debtors|17|358,966|584,187|
|Cash at bank and in hand||284,491
|330,187
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|||643,457
|914,374
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|Creditors: amounts falling due within one year|18|98,127
|44,711
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|Net current assets||985,330
|869,663
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|Total assets less currentliabilities||10,883,668|10,398,818|
|Net assets||10,883,668|10,398,818|
|Fundsofthe charity||||
|Unrestricted funds||10,883,668|10,398,818|
|Total charityfunds|19|10,883,668|10,398,818|
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||2023|2022|
|---|---|---|
||£|£|
|Cash flows from operating activities
Net income/(expenditure)|484,850|(543,560)|
|Adjustments for:
Depreciation oftangible fixed assets
Net gains/(losses) on investments
Dividends, interest and rents from investments
Accrued (income)/expenses|6,628
(527,512)
(255,567)
(4,088)|6,255
906,289
(226,347)
8,375|
|Changesin:
Trade and other debtors
Trade and other creditors|225,221
17,504|(278,419)
25,801
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|Cash generated from operations|(52,964)
|(101,606)
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|Net cash usedin operating activities|(52,964)
|(101,606)
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|Cashflows from investing activities
Dividends, interest and rents from investments
Purchase oftangible assets
Purchases ofother investments
Proceeds from sale ofother investments||226,347
(1,875)
(1,032,571)
793,194|
|Net cash from/(usedin) investing activities|
|(14,905)|
|Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning ofyear||(116,511)
446,698|
|Cash and cash equivalents at end ofyear|
|330,187
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||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|2023|Funds|2022|
||£|£|£|£|
|Donations|||||||
|Donations|71,097|71,097|71,055|71,055|
|Legacies|||||
|Legacies|
222,890|
222,890|
547,091|
547,091|
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293,987|
293,987|
618,146|
618,146|
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||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|2023|Funds|2022|
||£|£|£|£|
|Dividends|222,066|222,066|175,713|175,713|
|Interest|
33,501|
33,501|
50,634|
50,634|
||
255,567|
255,567|
226,347|
226,347|
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||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|
||||Funds||2023|Funds||2022|
||||£||£|£||£|
|Investment|broker|fees|31,396||31,396
|31,184||31,184
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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2023|Funds|2022|
|||£|£|£|£|
|Charitable activities||416,546|416,546|308,639|308,639|
|Support costs||
144,274|
144,274|141,983
|141,983
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|||
560,820|
560,820
|450,622
|450,622
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|Expenditure on charitable activities||by activitytype||||
||Activities|||||
||undertaken|Grant funding|Support|Total funds|Total fund|
||directly|ofactivities|costs|2023|2022|
||£|£|£|£|£|
|Charitable activities|244,190|172,356|-|416,546|308,639|
|Governance costs|
—|
—|
144,274|144,274
|141,983
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244,190
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172,356
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144,274
|560,820
|450,622
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|Analysis ofgrants||||||
|||||2023|2022|
|||||£||
|Grants to institutions||||||
|Neutering & vaccinations||||65,004|46,242|
|Spanish dogs||||73,352|56,498|
|Otherinstitutions||||34,000
|19,404
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|||||172,356
|122,144
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|Total grants||||172,356
|122,144
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||Unrestricted|Total|Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
||Funds||2023|Funds|2022|
||£||£|£|£|
|Unrealised Gains/(losses) on listed
investments|802,532|802532||(1,027,391)|(1,027,391)|
|Realised Gains/(losses) on listed
investments|
(275,020)|
(275,020)||121,144|121,144|
||
527,512
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527,512
||(906,247)|(906,247)|
|Net income/(expenditure)||||||
|Net income/(expenditure) is stated after|charging/(crediting):|||||
|||||2023|2022|
|Depreciation oftangible fixed assets||||6,628
|6,255
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|2023|2022|
|---|---|
|£|£|
|6,550
|6,360
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|2023
2022|2023
2022||
|---|---|---|
|£|£||
|Wagesandsalaries
76,456
83,033
|||
|The average head count ofemployees during the yearwas 4 (2022: 4).|||
|No employee received employee benefits ofmore than £60,000 during the year (2022: Nil).|||
|Trustee remuneration and expenses|||
|Mrs C E Cuff is authorised to receive £40,000 per annumin lieu of rent under Section 105|of the||
|CharitiesAct 2011, in her capacity as the sole life tenant of the Bernard Cuff Will Trust, the||—|
|trustees of which are the freeholders of Pine Ridge Farm. No amounts were outstanding|at the||
|year end.|||
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||Plant and|Fixtures and|
|---|---|---|
||machinery|fittings|
||£|£|
|Cost|||
|At 1 January 2023|275,566|981,245|
|Additions|9,258
||
|At 31 December2023|284,824
|
981,245
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|Depreciation|||
|At 1 January 2023|||
|Chargeforthe year|||
|At 31 December2023||
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|Carrying amount|||
|At 31 December2023|||
|At 31 December 2022|
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||Listed|Investment||
|---|---|---|---|
||investments|properties|Total|
||£|£|£|
|Cost orvaluation||||
|At 1 January 2023|8,848,606|625,000|9,473,606|
|Additions|534,110|-|534,110|
|Disposals|(295,069)|-|(295,069)|
|Fairvalue movements|527,512|
—|527,512|
|At 31 December2023|9,615,159|
625,000|10,240,159|
|Impairment||||
|At 1 January 2023 and 31 December2023|||_|
|Carrying amount||||
|At 31 December2023|9,615,159|
625,000|10,240,159|
|At 31 December 2022|8,848,606|
625,000
|9,473,606|
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||2023|2022|
|---|---|---|
||£|£|
|Prepayments and accrued income|1,909|100|
|Other debtors|357,057
|584,087
|
||
358,966
|
584,187
|
##
||2023|2022|
|---|---|---|
||£|£|
|Trade creditors|8,034|7,533|
|Accruals and deferred income|12,085|16,173|
|Social security and othertaxes|2,409|4,611|
|Othercreditors|35,599|16,394|
||98,127|44,711
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