REGISTERED CHARITY NUMBER- Z62538 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 FOR WILLOW TREE SANCTUARY FOR ANIMAL WELFARE LB Group The Otta8on Suite E2 Middleborough Colchester Essex COI ITG
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE CONTENTS OF THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEMBER 2021 Page Reference and Admlnlstrative Detalls Report of the Trustees Independent Examlner'5 Report St•tement of Financlal A¢tlvltle$ Balance Shtet Notes to the Flnanclal Statements 6 to 13 Detailed Statement of Fln?n¢lal ActivTrties 14 to 15
WILLOW TREE SANcfuARY FOR ANIMAL WELFARE REFÉRENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ÈNDED 31 DECEMBER 2021 TRUSTEES Mrs C A M Drain Mrs J A Yarwood Mrs C Ryan PRINCIPAL ADDRESS 62 Little Yeldham Road Little Yeldharn Halstead Essex C09 4QT REGISTERED CHARITY NUMBER 262538 INDEPENDENT EXAMINER LB Group The Octagon Suite E2 Middleborough Colchester Essex COI ITG BANKER5 HSBC 173 High Street Hornchurch Essex RMII 3Y5 SOLicrroRS Ntsckolds LLP Market Souare Bishops 5tortford Hertford5hire CM23 3UZ ACCOUNTANTS L8 Group The Octagon Suite E2 2nd Floor Middleborough Colche5ter COI ITG Page I
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 DECEMgER 2021 The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustee5 have adopted the provisions ol Accounting and Reporting by Charltie5'. Statement of Recotnfflended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJECTIVES AND ACTIVITIES Objective5 and alrns The objectives of the charity are to rescue and acquire by purchase or otherwise. any anima15 of any kind whatsoever whlch are ill-treated. ill-used, abandoned or have otherwise fallen on bad time5, to look after. maintain and protect for such period and in such manner as the trustees may think flt any animal of any kind whatsoever which through old age. sickness or othetwise 15 unable to care for itself and to arrange for the humane destruction of any anirnal when considered desirable. FINANCIAL REVIEW Prlnclpal funding sources The tharity is an Independent society, unconnected with any other organisation. which relies entirely upon gifts and voluntary contributions. Investment policy and objertlves The trustees. powers of investment of surplus funds are not $triCted. Reserves poli¢v The trustees review the charity's reserves frequently and alm to have liquid funds to cover net operatln8 Costs for fTve vear5 Wlth any surplu5 available for capital expenditure. STRUCTURE, GOVERNANCE AND MANAGEMENT Governin8 document The charity 15 controlled by its governSne document, a d .Id constitute5 an unincoiporated charlty. Recruitment and appointment of new trustees The appointment of new trustees is governed by the de.- .w trustees are appointed by Mrs C Orain. Or8anisational structure The charity operates from Willow Tiee Farm, Galnsford En(tZllllPsfield, E55ex. Risk management The trustees have a duty to identifv and review the risks t controls are in place to provlde reasonable assurance against h the charity is exposed and to ensure appropriate d and error. Approved by order of the board of trustees on.-J*F......i.o..: .a.o..a...iwd signed on its behalf by.. (LL Mrs C A M Drain - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WILLOW TREE SANcfuARY FOR ANIMAL WELFARE Independent emamlner's report to the tTUStee5 of Wlllow Tree Sanctuary for Animal Welfare I report to the charity trustees on my examination of the accounts of Willow Tree Sanctuary for Animal Welfare Ithe Trust) for the year ended 31 December 2021. Respon5ibilltles and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirement5 of the Charlties Act 20111'the Act'l. I report in respect of my examination of the Trust'5 accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions 8iven by the Charity Commission under Section 14515llbl of the Act. Independent examlner's statement I have completed my examination. I confirm that no material Matters have come to my attentlon In connection with the exarnination giving me cause to believe that in any rnaterial respect.. accounting records were not kept in respect of the Trust as required by Section 130 01 the Act- or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(K)8 other than any requirement that the account5 give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come acros5 no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the account5 to be reached. Andrew Robert Graham Green FCCA IB Group The Octagon Suite E2 Middleborough Colchester Essex COI ITG Page 3
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE STATEMENT OF FINANOAL ACTIVITIES FOR THEYEAR ENDEO 31 DECEMBER 2021 2021 Unrestricted fund 2020 Total funds Note5 INCOME AfrID ENDOWMENTS FROM Donations and legacies 22,515 3.337 Investment income Other income 137 9,570 3,025 Total 32,222 6,362 EXPENDITURE ON Raising fund5 14 Charitable activitles Sanctuary 52.142 59.523 Other 2.769 1.417 Total 54.911 60.954 Net 8ains on investments 27,794 NET INCOMEIIEXPENDITUREI 5,105 154.5921 RECONCILIATION OF FUNDS Totsl funds brought forward 1.162,819 L217.411 TofAL FUNDS CARRIED FORWARD 1.167,924 1,162.819 The notes form part of these financlal statements Page 4
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE BALANCE SHEET 31 DECEMBER 2021 2021 Unrestricted fund 2020 Total funds Notes FIXED ASSETS Tangible assets Investment5 12 13 6,000 227,794 1,522 233,794 1,522 CURRENT ASSETS Debtors Investrnents Cash at bank and in hand 14 15 689 1,752 2C,000 972,594 936,541 937,230 L174.346 CREDITORS Amounts falling due within one year 16 13.1001 113,0491 NET CURRENT ASSETS 934.130 1.161,297 TOTAL ASSETS LESS CURRENT LIABILMES 1.167,924 1,162,819 NET ASSETS 1,167,924 1,162.819 FUNDS Unrestricted funds 17 1,167,924 1,162.819 TOTAL FUNDS 1,167.924 1.162.819 The financial 5tatement5 were approved by the 8oard of Trustees and authorised for issue ..£L.£.-..LQ..-IQA.ik2nd were slgned on its behalf by". on CA M Drain- Trustee The notes form part of these finantial statements Page 5
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE NOTES TO ThE FINANCIAL STATÉMENTS FOR THE YEAR ENDED 31 DECEMBÉR 2021 ACCOUNTING POLICIES Basls of preparin8 the flnancizl statemènts The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accord3nce with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charltles preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191., Financlal Reporting Standard J02 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial stateFnent5 have been prepared vnder the historical cost convention, with the exception of investments which are included at market value. a5 modified by the revaluation of certain a55et5. Income All income is recognised in the Statement of Financlal Actfvities once the charity h85 entitlement to the funds. it 15 probable thal the income will be received and the amount can be Measured reliably. Legacies are taken into account on receipt from the estate benefactor. Donations and monies from fund raisin8 events are taken tnto account in the year received. Expenditure Liabilities are reco8nised as expenditvre as soon as there is a leEal or constructive obligation committing the charlty to that expenditure. it 15 probable that a transfer of economic benefits will be required in Settlement and the amount of the obli8ation can be measured reliably. Expendlture is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis wnsistent with the se of resources. Irrecoverable VAT Is chargèd as a cost to the SOFA. Governan¢e cost5 Governance costs are those Incurred in connection with adrninistration of the charity and compliance with constitutlonal and statutory requlrements. Allocation and apportSonment of costs Charitable expenditure comprises those costs incurred by the charity in its delivery of its attivitie5 and setvices. It include5 both costs that can be allocated dlrectly to such activitie5 and those ol an indirect nature necessary to support them. Tanglble flxed aMÈts Depreciatlon Is provided at the following annual rates In order to write ott each asset over its estimated useful Freehold propertv Plant and machinery Motor vehicles IO% on reducing balance IO% on cost 25% on reducing balance TaKatlon The charlty is exempt from tax on its charitable aetivities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectwes at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the obRects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular resttted purposes. The charity currently has no restricted funds. Page 6 continued...
WILLOW TREE SANCTUARY FOR ANIMALWELFARE NOTES TO THE FINANCIAL STATEMENTS- Contlnued FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES- Continued Investments Investments are measured initially at cost and subsequently at fair value Ithelr market value) at the reportin8 date. The methods in determining the fair value is slmply to review the specific funds value per share at the reporting date from the business website. DONATIONS AND LEGACIES 2021 2020 Donation5 Legacie5 Wayleaves, rent, etc 13,826 8,383 306 2.999 338 22.515 3,337 INVESTMENT INCOME 2021 2020 Deposit account interest 137 3.025 OTHER INCOME 2021 2020 Exceptlonal items 9.570 Included wlthin Othèr Income Is £9,570 relating to a loan going back 10 years. The person this related to died in 2014 and the estate has been settled 3nd no contact ha5 been made therefore under legal statute the loan balance has been written off as no longer due. RAISING FUNDS Ralsln8 donatlons and legacies 2021 2020 Advertlsin 14 Page 7 continued..
WILLOWTREE SANCTUARY FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEM8ER 2021 CHARITABLE ACTJVITIES C05rs Support costs15ee note 71 Direct Costs Totals Santtuary 44,823 7.319 52,142 SUPPORT COSTS Governance costs Mana8ement Finance Totals Other resources expended Sanctuary 2,769 2.769 7.319 7.308 li 7.308 li 2,769 10.088 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefits forthe year ended 31 December 2021 nor for the year ended 31 December 2020. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2021 nor for the yeai ended 3L December 2020. STAFF COSTS 2021 2020 Wages and salaries 2S.063 29,875 25.063 29,875 The average monthly number of employees durlng the year was as follows.. 2021 2020 Employees No employees received emolument5 in excess of £60,000. Page 8 ontinued...
WILLOW TREE SANcfuARY FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENTS- contrnued FOR THE YEAR ENDED 31 DECEMBER 2021 EXCEPTIONAL ITEMS Included within Other Income 15 £9.570 relating to a loan going back 10 years. The person thls related to died in 2014 and the estate ha5 been Settled and no contact has been made therefore under le8al statute the loan balance hès been written off a5 no lonBer due. ii. COMPARATIVES FOR THE STATEME OF FINANCIALAcfiviTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacie5 3,337 Investment income 3,025 Total 6,362 EXPENDITURE ON Raising funds 14 Charitable activities Sanctuary 59.523 Other 1,417 Total 60.954 NEY INCOMEIIÉXPENDITURE) 154.5921 RECONCILIATION OF FUNDS Total funds brou8ht forward 1,217.411 TOTAL FUNDS CARRIED FORWARD 1,162.819 Page 9 continued...
WILLOW YAEE SANCTUARY FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 12. TAfr4GIBLE FIXED ASSETS Freehold propertv Plant ènd machinery Motor vehicles Totals COST At l January 2021 Additions 24,959 10,208 1,650 8,000 36.817 8.000 At 31 December 2021 24.959 10,208 9.650 44,817 DEPRECIATION At l January 2021 Charge for year 23,909 1,050 9.764 444 1,622 2.028 35.29S 3.522 At 31 December 2021 24.959 10,208 3.650 38,817 NET BOOK VALUE At 31 December 2021 6,000 6.000 At 31 December 2020 1,050 444 28 1.522 13. FIXED ASSET INVESTMENTS Listed Investfflent5 MARKET VALUE Revaluations Reclassification/tran5fer 27,794 200,0 At 31 December 2021 227,794 NET BOOK VALUE At 31 December 2021 227,794 At 31 December 2020 The Investment is in a mixed portfolio fund. Cost or valuation at 31 Dernber 2021 is represented by.. listed investments Valuation in 2021 Cost 27,794 200.0 227.794 Page 10 continued...
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE NOTES TO THE FINANCSAL 5TATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE VEAR 2021 2020 Prepayrnent5 Accrued income 463 226 1.519 233 689 1,752 15. CURRENT ASSET INVESTMENTS 2021 2020 NFU Inve5trnent 200,000 16. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade creditors Taxation and Social securlty Other creditors 87 280 12.682 369 2.731 3.IQK) 13,049 17. MOVEMENT IN FUNDS Net movement in funds At 31112121 At 111121 Unrestrlrted funds General fund 1,162,819 5,105 1,167.924 TOTAL FUNDS 1,162,819 5,105 1.167,924 Net movement In funds. included in the above are a5 follows.. Incomin8 resources Resources expended Gains and 1055e5 Movement in fund5 Unrestrlcted funds General fund 32,222 154,giii 27,794 5,105 TOTAL FIJNDS 32,222 154,9111 27,794 5,105 Page 11 continued...
WILLOWTREE SANCTUARY FOR ANIMAL WELFARE NOTE5 TO THÈ FINANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 DECEMBER 2021 17. MOVEMENT IN FUNDS- contlnutd Comparatlve5 tor movement In funds Net movement in funds At 3V12120 At I/V20 Unrestrlcted funds General fund 1,217.411 154.5921 1,162,819 TOTAL FUNDS 1,217,411 154,5921 1,162.819 Comparative net movernent in funds, inclu(Sed In the above are as follows.. Incoming resources Resources expended Movement In funds Unrestricted funds General fund 6,362 160.9541 154.5921 TOTAL FUNDS 6,362 160,9541 154,5921 A current year 12 months and prior year 12 months combined position is as follows.. Net rnovement in funds At 31112121 At 111120 Unrestrlrted fund5 General lund 1.217.411 149.4871 1.167,924 TOTAL FUNDS 1,217,411 149,4871 1,167.924 A current year 12 months and prior year 12 months combined net movement in funds, Included in the above are a5 follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestrlrted funds General fund 38.584 1115,8651 27,794 149,4871 TOTAL FUND5 38,584 1115.8651 27.794 149,4871 Page 12 continued...
WILLOW TREE 5ANcfuARY FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENfs- contlnued FOR THEYEAR ENDED31 DÉCEM&ER 2021 18. RELATED PARTY DISCLOSURES There were no related party transaction5 ft)r the year ended 31 Decernber 2021. Pa8e 13
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE DETAILED STATEMÉNT OF F1fr4ANCIALACTIVITIES FOR THE YEAR ENDEO 31 DECEM8ER 2021 2021 2020 INCOMEAND ENDOWMENTS Donatigns and lega¢ies Donations Legacies Wayleave5. rent. etc 13,826 8,383 306 2.999 338 22,515 3.337 Investment income Deposit account interest 137 3,025 Other in¢ome Exceptional items 9,570 Total Incomin8 resource5 32.222 6,362 EXPENDITURE Raising donations and letacies Advertising 14 Charitable artfvities Wages Rates and water Insurance Light 3nd heat Repairs and renewals Feeding cost5 Horse Livery, kennels, etc Veterinary fee5 and Medicines 25.063 1,756 2,881 3,925 3,016 3,512 1,033 3,637 29,875 1,792 2.615 4,353 1,847 2.948 126 io.lsi 44.823 53,707 Support Costs Management Telephone and internet P05ta8e and statlonery Miscellaneous Motor and travelling expen5e5 Book-keeping Freehold propertv Plant and machinery Motor vehicles 928 208 S62 836 1,252 1,050 444 2.028 1.112 173 1,204 1.197 1,460 552 108 io 7,308 5,816 This page does not form part of the statutory financial statements Page 14
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE DETAILED STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Management Finance Bank charges li Governance ¢ostS Accountancy and legal fees 2,769 1,417 Total resources expended 54.911 60.954 Net expendlture before gain5 and losse5 122.6891 154,5921 Reali5ed recognised Eèlns and losses Realised gainslllossesl on fixed asset investrnents 27,794 Net Imtsmellexpenditurel 5.105 154.5921 This page does not form part of ihe statutory financial siaternents Pa8e 15