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2021-08-31-accounts

CHARITY REGISTRATION NUMBER:

268726

The Parrot Society UK Unaudited Financial Statements

31 August 2021

COLLETT HULANCE ACCOUNTANTS LIMITED

Chartered Certified Accountants 40 Kimbolton Road Bedford MK40 2NR

The Parrot Society UK

Financial Statements

Year ended 31 August 2021

Page
Trustees' annual report 1
Independent examiner's report to the trustees 6
Statement of fnancial activities 7
Statement of fnancial position 8
Notes to the fnancial statements 9

The Parrot Society UK

Trustees' Annual Report

Year ended 31 August 2021

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2021.

Reference and administrative details

Registered charity name The Parrot Society UK Charity registration number 268726 Principal office Audley House Northbridge Road Berkhampsted Herts HP4 1EH

The trustees

Mr G Steptowe Mr P Thomas (Retired 15 November 2020) Mr A Jones Mr A Mogg Mr D Dickason Mr D Walker Mrs H Baker Mr K Pickup (Retired 1 July 2021) Mr L Clarke Mr M Roxx Company secretary Mr L Rance Independent examiner Andrew Upton FCCA

Structure, governance and management

Governing Document

The Society operate under a Constitution, a copy of which is attached.

- 1 -

The Parrot Society UK

Trustees' Annual Report (continued)

Year ended 31 August 2021

Structure, governance and management (continued)

Recruitment and Appointment of Management Committee

Under the Constitution of The Parrot Society UK the Council members are elected by the members of the Society and are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

Due to the nature of the Charity and its objectives the majority of Council members are experienced aviculturalists who have been involved in the hobby most of their adult life. They are experienced in providing advice to new members of the hobby who have a wide age range. To be eligible to become a Council member you must have been a normal member of the Society for at least 2 years and be proposed by one member and seconded by another member before you can stand for Council. Obviously some members wish to assist the Society and do much good work for us on a voluntary basis.

If certain management and business skills are in short supply on the Council, we have the ability to co-opt members, this ensures that our skill levels are maintained.

Council Induction and Training

Most Council members are already familiar with the practical work of the charity having worked on aspects of our Shows and contributed articles to our monthly magazine and our free On-line publication Bird Scene over a long period of time. Additionally, new Council members are also encouraged to visit our office in Berkhamsted to see the advice provided from the centre. This allows them to gain more knowledge of the charity, browse our extensive avian library and see how our monthly magazine (our life-blood) is produced and despatched. Our Microsoft Access database of our members is also demonstrated and allows new Council members to acquire knowledge of the records we maintain. These visits are lead by our Secretary and Editor.

A Question and Answer pack has also been prepared which is based on Charity Commission publications. This is distributed to new Council members together with a set of our last two years accounts and a copy of our Constitution.

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The Parrot Society UK

Trustees' Annual Report (continued)

Year ended 31 August 2021

Structure, governance and management (continued)

Risk Management

The Council conduct regular reviews of the major risks that we are exposed to. Obviously the Covid-19 pandemic that has swept the country during the financial year 2020/21 has had a major impact on the Society as three annual shows were cancelled in the period. With the upgrading of the African Grey Parrot to CITES Appendix 1 which came into effect on 4th February 2017 there was a considerable amount of work educating our membership and the public on the issues that this caused. There were numerous enquiries relating to he the procedure to obtain Article 10 certificates.

Avian Influenza continues to have a potential risk for the Society although there is nowhere near the hype produced by the media during its peak. DEFRA are taking a more considered response to outbreaks of this disease and they now appear to accept that it is very difficult for parrots to catch and therefore through continued publicity in our monthly magazine we were able to allay fears of our members and the public who contact our office for advice. Our shows and Sale Days, when we are able to hold them due to Covid19, have become accustomed to the licensing and associated paperwork.

During this financial year, coronavirus, which started in March 2020 meant that our 4th October 2020, 6th December 2020 and 11th July 2021 Shows had to be cancelled.

Our investments during the year have been very prudent as the Society feared the general financial situation at the commencement of the year and only invested in areas where we were protected by the £85,000 limit under the rules of the FCA. This has proved successful but has meant that as the Bank of England has a very low Base Rate it has been difficult to obtain a reasonable return on most of our investments. The reduction in the value of sterling against major currencies indicates an increase in in inflation and therefore careful management of our expenditure will have to be redoubled.

Organisational Structure

The Parrot Society has a Council of up to 11 members who meet 6 times a year but due to coronavirus these meetings are being held remotely. Our Council are responsible for the strategic direction and policy of the charity. The present Council has a compliment of 9 members and an excellent mix of business and professional skills allied to strong avicultural knowledge. The secretary attends all Council meetings but does not have a vote. The Chairman and Secretary handle the day-to-day management of the Society, these two individuals have daily contact by telephone and e-mail, and a part time administrative assistant also based at our Berkhampstead office with the Secretary support them.

Related Parties

The Society has no related parties, although in so far as it is complimentary to the charity's objects, we will work with other clubs and organisations in the avicultural world.

Objectives and activities

The objects of the Society are to promote the study and conservation of parrots and parrot like birds excluding the domesticated form of the Budgerigar. In order to achieve these objectives the Society publishes magazines, e-magazines and other literature that it makes available to the public. It holds public meetings, lectures and exhibitions and provides advice and information to the public. We also have 3 Area meetings to provide information around the country. Our extensive free website, which was updated during the year, also assists us in providing valuable information to the public.

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The Parrot Society UK

Trustees' Annual Report (continued)

Year ended 31 August 2021

Achievements and performance

The main areas of charitable activity are the provision of advice and information both to our members and the public on all aspects in relation to parrots and promote the study and conservation of parrots and parrot like birds.

Advice and Information

Our advice and information centre is based at our Berkhamsted office and we provide help to anyone having problems or wanting to know more about parrots. Funding for this service that is spearheaded by our Secretary is from funds generated at our Shows. We have produced four publications entitled 'Grey Parrots as Pets - Some guidelines for beginners', 'Amazon Parrots as Pets - Some guidelines for beginners', 'Parakeet Breeding - Some guidelines for beginners' and 'Colour Mutations - Some guidelines for beginners'. Feedback on all of these publications has been very pleasing and our Council consider that this is an excellent way to provide quality advice both to our members and the public on important areas of aviculture. It is our intention to continue to use this medium to inform and educate our audience. In addition we have supplemented our information by producing an e-magazine known as Bird Scene which is published four times a year, accessed through our website www.theparrotsocietyuk.org.

Conservation of Parrots

We continue to support parrot conservation projects around the world, those that we have given financial support to in the current year have been: -

Financial review

For any Society finance is always an area that requires considerable attention. Money can so easily be spent on items or services that do not give value for money. The Society has had a challenging financial year in 2020/2021 losing income expected following the cancellation of our three shows due to coronavirus and achieved a deficit of £33,318 during the year.

Principal Funding Sources

A small amount is received from the sale of publications, second-hand books donated to the Society by members, binders and club badges. The major income comes from Shows run by the Society, subscriptions for the monthly magazine and commercial advertisements in the monthly publication and bequests.

Investment Policy

The Society has always had a very prudent investment policy. Most bird keepers are not rich and there has always been a tradition of careful spending amongst them. Possibly for this reason our Council has always taken great care to protect our surpluses and use the income from the investments to subsidise annual subscriptions.

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The Parrot Society UK

Trustees' Annual Report (continued)

Year ended 31 August 2021

Financial review (continued)

Reserves Policy

Initially the Council were concerned that the Animal Welfare Act 2007 could make our Shows uneconomic to run by enforcing welfare issues and requirements that would be expensive to implement. For this reason and the possibilities of a serious outbreak of Avian Influenza that might have decimated the UK bird-keeping hobby, our Reserves policy has been, like our Investment Policy, very prudent. This has proved a sensible approach as the coronavirus that is now with us will mot have such a devastating effect on our future than it will have on other charities and businesses. It does not now look as though we will experience difficulties with the Animal Welfare Act but the general financial state of both the country and to a degree private individual's does give the Society concern. Our strategy is to continue to build our reserves through operating surpluses where we can, we are aware that Animal Rights Activists are targeting birdkeepers and we may well need these Reserves to protect our interests against these Activists. If this does not prove necessary Council would like to consider the purchase of office accommodation but at present that does not seem as necessary as protecting our activities against the Animal Rights Activists. Council, however, will continue to monitor this area carefully.

Plans for future periods

The Society wishes to continue to provide advice and assistance to the public because there is a high level of need and interest from them in parrots and such intelligent animals do give rise to difficult problems when they are not properly stimulated and cared for, both for their dietary and housing requirements.

The trustees' annual report was approved on 22[nd] November 2021 and signed on behalf of the board of trustees by:

Mr L Rance Charity Secretary

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The Parrot Society UK

Independent Examiner's Report to the Trustees of The Parrot Society UK

Year ended 31 August 2021

I report to the trustees on my examination of the financial statements of The Parrot Society UK ('the charity') for the year ended 31 August 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 across 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 accounts to be reached.

Andrew Upton FCCA Independent Examiner

Collett Hulance Accountants Limited Chartered Certified Accountants 40 Kimbolton Road Bedford MK40 2NR

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The Parrot Society UK

Statement of Financial Activities

Year ended 31 August 2021

2021 2021 2020
Unrestricte Total
d funds funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 4 49,291 49,291 54,121
Other trading activities 5 244 244 62,275
Investment income 6 3,279 3,279 5,210
Other income 7 – – 6,063
---------------------------- ---------------------------- --------------------------------
Total income 52,814 52,814 127,669
==============
============== ============== ==============
============== ============== ====
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies 8 25,606 25,606 61,830
Costs of other trading activities 9 – – 222
Expenditure on charitable activities 10,11 70,826 70,826 88,492
Other expenditure 13 (10,300) (10,300) 30,562
---------------------------- ---------------------------- --------------------------------
Total expenditure 86,132 86,132 181,106
==============
============== ============== ==============
============== ============== ====
---------------------------- ---------------------------- --------------------------------
Net expenditure and net movement in funds (33,318) (33,318) (53,437)
==============
============== ============== ==============
============== ============== ====
Reconciliation of funds
Total funds brought forward 950,045 950,045 1,003,482
-------------------------------- -------------------------------- -----------------------------------------
Total funds carried forward 916,727 916,727 950,045
============== ============== ==============
============== ============== ==============
==== ==== =============

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 15 form part of these financial statements.

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The Parrot Society UK

Statement of Financial Position

31 August 2021

2021 2020
Note £ £ £
Fixed assets
Tangible fxed assets 18 3,707 5,196
Current assets
Stocks 19 200 200
Debtors 20 6,814 2,357
Cash at bank and in hand 929,248 946,056
-------------------------------- --------------------------------
936,262 948,613
Creditors: amounts falling due within one
year 21 23,242 3,764
-------------------------------- --------------------------------
Net current assets 913,020 944,849
-------------------------------- --------------------------------
Total assets less current liabilities 916,727 950,045
-------------------------------- --------------------------------
Net assets 916,727 950,045
============== ==============
============== ==============
==== ====
Funds of the charity
Unrestricted funds 916,727 950,045
-------------------------------- --------------------------------
Total charity funds 22 916,727 950,045
============== ==============
============== ==============
==== ====

These financial statements were approved by the board of trustees and authorised for issue on 22[nd] November 2021, and are signed on behalf of the board by:

Mr A Jones Trustee

The notes on pages 9 to 15 form part of these financial statements.

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The Parrot Society UK

Notes to the Financial Statements

Year ended 31 August 2021

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Audley House, Northbridge Road, Berkhamsted, Herts, HP4 1EH.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

All incoming resources and resources expended are treated as unrestricted.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

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The Parrot Society UK

Notes to the Financial Statements

Year ended 31 August 2021

- 10 -

The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

3. Accounting policies (continued)

Incoming resources (continued)

Resources expended

Support costs have been allocated between the activities in relation to the income received in the year.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 25% and 33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

- 11 -

The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

4. Donations and legacies

Donations and legacies
Total
Unrestricte Funds Unrestricte Total Funds
d Funds 2021 d Funds 2020
£ £ £ £
Donations
Subscriptions 37,268 37,268 38,836 38,836
Donations and advertisements 7,530 7,530 10,138 10,138
Legacies – – 747 747
Gift Aid 4,493 4,493 4,400 4,400
---------------------------- ---------------------------- ---------------------------- ----------------------------
49,291 49,291 54,121 54,121
============== ============== ============== ==============
============== ============== ============== ==============

5. Other trading activities

Total
Unrestricte Funds Unrestricte Total Funds
d Funds 2021 d Funds 2020
£ £ £ £
Show income – – 61,427 61,427
Sales income 244 244 848 848
-------------- -------------- ---------------------------- ----------------------------
244 244 62,275 62,275
============== ==============
============== ============== ============== ==============
6. Investment income
Total
Unrestricte Funds Unrestricte Total Funds
d Funds 2021 d Funds 2020
£ £ £ £
Bank interest receivable 3,279 3,279 5,210 5,210
============== ============== ============== ==============
========= ========= ========= =========

7. Other income

Total
Unrestricte Funds Unrestricte Total Funds
d Funds 2021 d Funds 2020
£ £ £ £
Other income – – 5,671 5,671
Compensation received – – 392 392
-------------- -------------- ----------------------- -----------------------
– – 6,063 6,063
============== ==============
============== ============== ========= =========
Costs of raising donations and legacies
Total
Unrestricte Funds Unrestricte Total Funds
d Funds 2021 d Funds 2020
£ £ £ £
Magazine printing & postage 25,510 25,510 25,925 25,925
Shows 96 96 35,905 35,905
---------------------------- ---------------------------- ---------------------------- ----------------------------
25,606 25,606 61,830 61,830

8. Costs of raising donations and legacies

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The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

============== ============== ============== ============== ============== ============== ============== ==============

- 13 -

The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

9. Costs of other trading activities

Total
Unrestricte Funds Unrestricte Total Funds
d Funds 2021 d Funds 2020
£ £ £ £
Costs of other trading activities -
Shop costs – – 222 222
============== ============== ============== ==============
Expenditure on charitable activities by fund type
Total
Unrestricte Funds Unrestricte Total Funds
d Funds 2021 d Funds 2020
£ £ £ £
Support costs 70,826 70,826 88,492 88,492
============== ============== ============== ==============
============== ============== ============== ==============

10. Expenditure on charitable activities by fund type

11. Expenditure on charitable activities by activity type

Total
Support funds Total fund
costs 2021 2020
£ £ £
Subscriptions 58,919 58,919 52,628
Donations and advertisements
11,907 11,907 13,740
Shows
– – 22,124
---------------------------- ---------------------------- ----------------------------
70,826 70,826 88,492
============== ============== ==============
============== ============== ==============

12. Analysis of support costs

Donations
and
Subscriptio advertisem
ns ents Total 2021 Total 2020
£ £ £ £
Staf costs 41,559 8,397 49,956 52,877
Premises
5,990 1,210 7,200 7,200
Communications and IT
3,046 616 3,662 6,477
Legal and professional 2,728 552 3,280 8,177
Depreciation 1,239 250 1,489 2,111
Other costs
4,357 882 5,239 11,650
---------------------------- ---------------------------- ---------------------------- ----------------------------
58,919 11,907 70,826 88,492

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The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

============== ============== ============== ============== ============== ============== ============== ==============

Support costs have been allocated between the activities on the basis of income received in the year.

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The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

13. Other expenditure

Other expenditure
Total
Unrestricte Funds Unrestricte Total Funds
d Funds 2021 d Funds 2020
£ £ £ £
Donations 4,700 4,700 30,562 30,562
Donation repaid (15,000) (15,000) – –
---------------------------- ---------------------------- ---------------------------- ----------------------------
(10,300) (10,300) 30,562 30,562
============== ============== ============== ==============
============== ============== ============== ==============

14. Net expenditure

Net expenditure is stated after charging/(crediting):

2021 2020
£ £
Depreciation of tangible fxed assets 1,489 2,111
============== ==============
========= =========
Independent examination fees
2021 2020
£ £
Fees payable to the independent examiner for:
Independent examination of the fnancial statements 2,496 2,496
============== ==============
========= =========

15. Independent examination fees

16. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2021 2020
£ £
Wages and salaries 49,703 51,562
Social security costs 253 1,315
---------------------------- ----------------------------
49,956 52,877
============== ==============
============== ==============

The average head count of employees during the year was 2 (2020: 2).

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

17. Trustee remuneration and expenses

No trustees (nor anyone connected with them) received any remuneration during the year, but 11 trustees were reimbursed a total of £1,254 (2020: £5,132). All expenses related to travel and subsistence.

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The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

18. Tangible fixed assets

**18. ** Tangible fxed assets
Equipment Total
£ £
Cost
At 1 September 2020 and 31 August 2021 46,842 46,842
============== ==============
============== ==============
Depreciation
At 1 September 2020 41,646 41,646
Charge for the year 1,489 1,489
---------------------------- ----------------------------
At 31 August 2021 43,135 43,135
============== ==============
============== ==============
Carrying amount
At 31 August 2021 3,707 3,707
============== ==============
============== ==============
At 31 August 2020 5,196 5,196
============== ==============
============== ==============
**19. ** Stocks
2021 2020
£ £
Stock 200 200
============== ==============
**20. ** Debtors
2021 2020
£ £
Prepayments and accrued income 6,814 2,357
============== ==============
========= =========
**21. ** Creditors: amounts falling due within one year
2021 2020
£ £
Accruals and deferred income 21,805 2,494
Social security and other taxes 1,437 1,270
---------------------------- -----------------------
23,242 3,764
============== ==============
============== =========

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The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

22. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 Septembe 31 August
r 2020 Income Expenditure Transfers 2021
£ £ £ £ £
General funds 721,986 36,239 (81,432) – 676,793
The John Mollindinia
Conservation Fund 228,059 16,575 (4,700) – 239,934
Conservation Projects
Fund – – – – –
-------------------------------- ---------------------------- ---------------------------- -------------- --------------------------------
950,045 52,814 (86,132) – 916,727
============== ==============
============== ============== ============== ==============
==== ============== ============== ============== ====
At At
1 Septembe 31 August
r 2019 Income Expenditure Transfers 2020
£ £ £ £ £
General funds 772,254 125,451 (150,425) (25,294) 721,986
The John Mollindinia
Conservation Fund 209,652 – – 18,407 228,059
Conservation Projects
Fund 21,576 2,218 (30,681) 6,887 –
----------------------------------------- -------------------------------- -------------------------------- ---------------------------- --------------------------------
1,003,482 127,669 (181,106) – 950,045
============== ============== ============== ==============
============== ============== ============== ============== ==============
============= ==== ==== ============== ====

23. Analysis of net assets between funds

Total
Unrestricte Funds
d Funds 2021
£ £
Tangible fxed assets 3,707 3,707
Current assets
936,262 936,262
Creditors less than 1 year (23,242) (23,242)
-------------------------------- --------------------------------
Net assets 916,727 916,727
============== ==============
============== ==============
==== ====
Unrestricte Total Funds
d Funds 2020
£ £
Tangible fxed assets 5,196 5,196
Current assets
948,613 948,613
Creditors less than 1 year (3,764) (3,764)

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The Parrot Society UK

Notes to the Financial Statements (continued)

Year ended 31 August 2021

Net assets

--------------------------------------------------------------950,045 950,045 ============== ============== ============== ============== ==== ====

24. Operating lease commitments

The total future minimum lease payments under non-cancellable operating leases are as follows:

2021 2020 £ £ – Not later than 1 year 3,600 ============== ============== =========

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