REGISTERED CHARITY NLIMBEA: 262538 REPORT OF THE TRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR WILLOW TREE SANcfuARY FOR ANIMAL WELFARE LB Group The Octagon Suite E2 Middleborou8h Colchester Essex COI ITG
WILLOW TREE SANUARy FOR ANIMAL WELFARE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Reference and Admlnlstratlve Details Report of the Trustees Independent Examlner'5 Report Statement of Flnandal Artlvltie5 alance Sheet Note5 to the Flnanclal Statements 6 to 11 Detalled Statement (rf Flnancial Activities 12 to 13
WILLOW TREE SANcfuARY FOR ANIMAL WELFARE REFERENCE ANO ADMINISTRATIVE DETAIL5 FOR THE YEAR ENDED 31 DECEMaER 2023 TRL15TEES Mrs C A M Draln Mrs J A Yarwood Mrs C Ryan PRINCIPAL ADDRES5 62 Little Yeldham Road Little Yeldham Ha15tead $5ex C09 4QT REGISTERED CHARITY NUMBER 262538 INDEPENDENT EXAMINER LB Group The Octagon Suite E2 Midd1eborough Colche5ter E$5ex COI ITG BANKERS HSBC 173 High Street Hornchurch Essex RMII 3YS SOLICITORS Nockolds LLP Market Square Bishops Stortford Hertfordshire CM23 3UZ ACCOUNTANTS LB Group The Octagon Suire E2 2nd Floor Middleborough Colchester COI ITG Page I
WILLOW TREE SANcfuARY FOR ANIMAL WELFARE REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report with the financial statement5 of the charity lor the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Prattice appllcable to charitie5 preparing thelr accounts in accordance with the Flnancial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND ACTivinES Oblertlves and aim5 The objectives of the charity are to rescue and acquire by purchase or otherwise. any animals of any kind whatsoever which 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 trusteE5 may think fi't any animal of any kind whatsoever which through old age, sickness or otherwise is unable to care for itself and to arrange for the hurnane destruction of any animal when considered desirable. FINANCIAL REVIEW Prlntipal funding sources The charity is an independent society, unconnected with any other or8ani5ation, which relles entirely upon gifts and voluntary contributions. Investment pD5icy and objectlves The trustees, powers of investment of Surplus funds ale not restricted. Reserves policy The trvstee5 rewew the charlty's reserves freqventty and atm to have liquid funds to cover net operatinE costs for five veaxs with any surplus available for capttal expendsture. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity 15 controlled by its governing dotument st and constitute5 an unlncorporated charity. Recruitment and oppolntmènt of new trustees The appointment of new Irustees is governed by th¥ Vi Li Ust. New trustees are appointed by Mrs C Drain. Organlsatlonal structurÈ The charity operates from Wlllow Tree Fami. GainsforCJ211pPeSr1e1d, E55ex. Rlsk mana8ement The trustees have a duty to identify and review the ris controls are in place to provide ¥eason3ble assurance a8al hich the charity Is exposed and to ensure appropiiate t fraud and error. Approved by order of the board of trustees on. a É- Iu..?.01.l*.. and signed on it5 behalf by.. .I Mrs C A M Ofaln - Trustee Page 2
INDEPENDENT EXAMINEII'S REPORTTO THE TRusfEES OF WILLOW TREE SAUARy FOR ANIMAL WELFARE Independent examSner's report to the trustees of Wlllow Tree Sanrtuary fvr Animal Welfare I report to the charity trustees on my exarnsnation of the accounts of Willow Tree Sanctuary for Animal Welfare (the Trust) for the year ended 31 December 2023. Responslbllitles and basis of report As the charity trustees of the Trust you are responsible for the preparation of the 4ccount5 in accordance wlth the requirements of the Charitie5 Act 20111.the Act'l. I report in respert of my examination of the Trust's accounts carried out under Section 145 of the Act and In carrying out Fny examination I have followed all applicable Direction5 given by the Charity Commission under Section 1451Sllbl of the Act. Independent examlner'5 Statement I have completed my examination. I confirm that no material matter5 have corne to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting record5 were not kept in rpect of the Trust a5 required by Sectlon 130 of 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 Charitie5 (Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view whlch is not a rnatter considered a5 part of an independent examination. I have no concerns and have come aeros5 no other matter5 in connection with the examination to which attention Should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Andrew Robert Graham Green FCCA LB Group The Octa8on Suite E2 Middleborou8h Colchester Essex COI ITG Date.. Page 3
WILLOW TREE SANcfuARY FOR ANIMAL WELFARE STATEMENT OF FINANCIALACTIVITIES FOR THEYEAR ENDED 31 DECEMBER 2023 2023 Unrestricted fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and le8acies 29,346 15.735 Investment income 32,640 8,738 Total 61.986 24,473 EXPENDITURE ON Charltable a¢tlvlties Sanctuary 65,532 52.953 Other 2,800 1.700 Totsl 68.332 54,653 Net gains1llossesl on investments 2.572 111,9941 NET INCOMEIIEXPENDITUREI 13,7741 142.1741 RECONCILIAnON OF FUNDS Total funds brought forward 1,125,750 1,167.924 TOTAL FUNDS CARRIED FORWARD 1,121.976 1,125,750 The notes form part of these financial statements Page 4
WILLOW TREE SANcfuARY FOR ANIMAL WELFARE BALANCE SHEET 310ECEMBER 2023 2023 Unrestricted fund 2022 Total funds Notes FIXED ASSETS Tangible a55ets Investments 3,375 218,372 4,500 215,801 io 221,747 220,301 CURRENT ASSETS Debtors Cash at bank and in hand li 743 910,567 744 910,637 911,310 911.381 CREDITORS Amounts falling due within one year 12 111,0811 15.9321 NET CURRENT ASSETS 900,229 905,449 TOTAL Ass LESS CURRENT LIA8ILITIES 1,121,976 1.125.750 NET ASSET5 1,121.976 1,125,750 FUNDS Unre5tritted fund5 13 1,121,976 1,125,750 TOTAL FUNDS 1,121,976 1.125.750 ncial statements were approved by the Board of Trustees and authorised fof issue I O :,Ao.2 Wand were signed on its behalf by-. on CLL C A M Drain- Trustee The note5 form part of these financial statements Pa8e 5
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basls of preparing the financlal statements The firsancial statements of the Iharity, whith is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitle5.' Statement of Recommended Practice appliEable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191,. Flnancial Reporting standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at mèrket value. as modified by the revaluation of certain assets. Irlcome All income is recognised in the Statement of Financial Activities once the charity has entitlernent to the ¢unds. it 15 probable that the Income will be received and the amount carn be measured reliably. Legacies are taken into account on recelpt from the estate benefactor. Donations and monies from fund raising event5 are taken into account in the year received. Expenditure Liabilities are recogni5ed as expenditure as soon a5 there is a legal or constructive obligation commliting the charity to that expenditure. it 15 probable that a transfer of economic benefits will be fequired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an a£crua15 basis and has been classified under heading5 that aggregate all c05t related io the category. Where costs Cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the Use of resources. Irrecoverable VAT is charged as a Cost to the SOFA. Governance costs Governance costs are those incurred in connection with adrninistration of the charity and compliance with constitutional and statutory requirements. Allocatlon and apportionment of costs Charltable expenditure comprises those costs incurred by the charity in its delivery of its activities and 5etviees. It Includes both costs that can be allocated directly to such artivtieS and those of an indirect nature necessary to support them. Yanglble fixed assets Depreciation is provided at the following annual rates in order to wrSte off each asset over its estimated useful Freehold propertv Plant and machinery Motor vehicles IO% on reducing balance IO% on c05t 25% on reducin8 balance Taxatlon The char¢ty is exempt from tax on its charitable artivitles. Fund accounting Unrestricted funds can be used in atcordance with the charitable objectSves at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charlty. Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes. The charity currently has no restricted funds. Page 6 continued...
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES- continued Investments Investment5 are measured initially at cost and subsequently at fair value (their market value) at the reptsrting date. The method5 in determining the fair value is Simply to review the specific funds value per share at the reportin8 date from the business website. OONATIONS AND LEGACIES 2023 2022 Donations legacies Wayleaves, ren¢ etc 11.516 17.512 318 14,644 630 461 29,346 15.735 INVESTMENT INCOME 2023 2022 Deposlt attount interest 32.640 8.738 CHARITABLE ACnVITIES COSTS Support costs (see note 51 Direct Costs Totals Sanrtuary 59,360 6.172 6S,532 SUPPORT COSTS Governance cost5 Managernent Finance Totals Other resources expended Sanctuary 2.800 2,894 2,800 6,172 3,213 65 3.213 65 5,694 8,972 TRU5TEES' REMUNERAYION AND 8ENEFITS There were nD trustees, remuneration or other benefits for the year ended 3IDeMber 2023 nor for the year ended 31 December 2022. Tru5tee5' expenses There were no trustee5' expenses paid foi ihe year ended 31 December 2023 nor for the year ended 31 December 2022. Page 7 contlnued...
WILLOWTREE SANcfuARY FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEM8ER 2023 STAFF COSTS 2023 2022 Wages and salaries 25,144 26,455 25.144 26,455 The average monthly number of employees during the year was as follows.. 2023 Employee5 2022 No employees received emoluments in excess of £60,OQX). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donation5 and le8acies 15,735 Investment income .738 Total 24,473 EXPENDITURE ON Charitable actlvltle5 Sanctuary 52.953 Other 1.700 Total 54.653 Net 8alns/llossesl on Investment5 111.9941 NET INCOMEIIEXPENDITUREI 142,1741 RECONCILIATION OF FUNDS Total funds brought forward 1,167,924 TOTAL FUND5 CARRIÉD FORWARD 1,125,750 Page 8 continued...
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE NOTE5 TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSErs Freehold property Plant and machinery Motor vehlcles Tota15 COST At l January 2023 and 31 Oecember 2023 24,959 10.208 9,650 44,817 DEPRECIATION At l January 2023 Charge for year 24,959 10.208 5.ISO 1.125 40,317 1,125 At 31 December 2023 24,959 10.208 6,275 41,442 NET BOOK VALUÉ At 310ecembef 2023 3.375 3.375 At 31 December 2022 4,500 io. FIXED ASSET INVESYMENTS Listed investments MARKET VALUE At l January 2023 Revaluations 215.801 2.571 At 310ecember 2023 218.372 NETBOOK VALUE At 31 December 2023 218.372 At 31 December 2022 215,801 The Investment Is in a mixed portFolio fund. Cost or valuation at 31 December 2023 is represented by.. Llsted investments Valuation in 2021 Valuatton in 2022 Valuation in 2023 Cost 27,794 111,9931 2,571 2(X),(x)o 218.372 Page 9 continued...
WILLOWTREE sAmUARy FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEM8ER 2023 ii. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors Prepayments Accrued income 513 519 225 230 743 744 12. CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 2023 2022 Taxation and social securitv Other creditors 442 5,490 11,081 11.081 5,932 MOVEMENT IN FUNDS Net movemert in funds At 3VL2123 At I/V23 Unrestrirted fuFtds General fund 1,125.750 13,7741 1.121.976 TOTAL FUNDS 1,125,750 13,7741 1.121,976 Net movement in funds. included In the above are 35 follow5.' Incoming resource5 Resources expended Gain5 and Ios5e5 Movement in funds Unrestricted funds General fund 61.986 168,3321 2,572 13,7741 TOTAL FUNDS 61,986 168.3321 2.572 13.7741 Comparatlves for mo¥emtnt in funds Net movement in fvnds At 3ty12122 At 111122 U#re5trlrted funds General fund 1,167.924 142,1741 1.125,750 TOTAL FUN05 1.167.924 142,1741 1,125,750 Page 10 continued...
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE NOTES TO THE FINANCIAL STATEMENT5- continued FOR THE YEAR ENDED 31 DECEMBER 2023 13. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are as follows= Incomln8 Tesources Aesource5 expended Galns and losses Movernent in funds Unrestricted funds General fund 24.473 154,6531 111.9941 142.1741 TOTAL FUNDS 24.473 154,6531 111,9941 142,1741 A current year 12 months and prior year 12 month5 combined positton is as follows.. Net movemeflt in fund5 At 31112123 At 111122 Unrestrlcted funds General fund 1,167.924 145,9481 1,121,976 TOTAL FUNDS 1.167,924 145,9481 1,121,976 A current year 12 months and prior year 12 months combined net movement in funds. rncluded in the above are as follows.. Incoming resources Resource5 expended Gains and ltssses Movement in funds Unrestrlctèd fvnds General fund 86.459 1122,9851 19,4221 145,9481 TOTAL FUNDS 86.459 1122.9851 19.4221 145.9481 14. RELATED PARTY D15CLOSURES There were no related party transactions for the year ended 31 December 2023. Page 11
WILLOW TREE SANCTUARY FOR ANIMAL WELFARE DETAILED STATEMENT OF FINANCIAL ACTIVITIE5 FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOMEAND ENDOWMENTS Donètions and legacle5 Donations Legacie5 Wayleaves, rent. etc 11,516 17,512 318 14,644 630 461 29,346 15,735 Investment Income Deposit account interest 32.640 8.738 Total incomln8 rè50urces 61.986 24.473 EXPENDITURE Charltable actlvltles Wage5 Rate5 and water Insurance Light and heat Repairs and renewals Feeding costs Horse Livery, kennels. etc Veterinary fees and medicines 25,144 2.398 2,022 1,760 599 2.073 15.089 10.275 26,455 3,087 2.974 2,068 1.807 2.629 i.ioo 5.200 59,360 45,320 Support costs Management Telephone and internet Postage and statlonery Miscellaneous Motor and travelling expenses Book-keeplng fvlotor vehicle5 523 14 279 1.272 513 178 230 1.172 283 1.500 1.125 3.213 3.876 Flnance 8ank charges 65 69 Governance costs Independent examination Accountancy and legal fees 3,(MJO 2.694 5,388 5.694 5,388 Thls page does not form part of the statutory financial statements Page 12
WILLOW TREE SANCTLIARY FOR ANIMAL WELFARE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOED 31 DECEMBER 2013 2023 2022 Total resources expended 68,332 54.653 Net expendlture before galns ènd losses 16,3461 130,1801 Reallsed wognlsed gains and1055es Realised galnsll1055esl on flxed asset inve5tment5 2,572 111.9941 Net expenditure 13.7741 142.1741 Thls page does not form part of the statutory financial statements Pa8e 13