CHARITY REGISTRATION NUMBER: 268726
The Parrot Society UK Unaudited Financial Statements
31 August 2024
COLLETT HULANCE ACCOUNTANTS LIMITED
Chartered Certified Accountants 40 Kimbolton Road Bedford MK40 2NR
The Parrot Society UK
Financial Statements
Year ended 31 August 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
The Parrot Society UK
Trustees' Annual Report
Year ended 31 August 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.
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 O Fry Mr A Jones Mr A P Clements Ms C Luxon Mr D Dickason Mrs H Baker Mr K Pickup Mr L Clarke Mr M Roxx Mr T Abou-Zahr Company secretary Mr L Rance Independent examiner Andrew Upton FCCA
(Appointed 28 January 2024) (Appointed 28 January 2024)
(Retired 20 November 2023) (Appointed 7 April 2024)
(Retired 31 August 2024)
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 2024
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 coopt 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. Our Secretary and Editor lead these visits.
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.
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 had a major impact on the Society as three annual shows were cancelled in the period. However, during this financial year 2023/24 Covid has not stopped any of the three Shows. Our Pet Parrot Gathering event was not held in July 2024.
Avian Influenza continues to have a potential risk for the Society and during the summer it continued to pose a problem, which is unusual, it is normally stronger during the winter months following the migration into this country in November. DEFRA are taking a more proactive response to outbreaks of this disease and they now slaughter infected hens, ducks and geese. DEFRA have been working on a Registration system for bird keepers but at the time of this report no real details are available.
With increased interest rates on our investments we have been fairly active in this area. We have used money from our Lloyds current account and invested in Fixed rate Bonds for up to five years at rates up to 5%, a figure that was simply not available in the previous financial year. We only invested in areas where we were protected by the £85,000 limit under the rules of the FCA.
- 2 -
The Parrot Society UK
Trustees' Annual Report (continued)
Year ended 31 August 2024
Structure, governance and management (continued)
Organisational Structure
The Parrot Society has a Council of up to 11 members who meet face to face six times a year. Our Council are responsible for the strategic direction and policy of the charity. The present Council has a compliment of 7 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 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, conservation and welfare of all members of the parrot family (order Psittacidae). 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. Our extensive free website, which was updated during the year, also assists us in providing valuable information to the public.
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, we have given financial support in the current year to the Scarlet Macaw project in Costa Rica, where school children and their teachers are encouraged to understand the value of these beautiful birds and the importance they have to the Costa Rican tourist industry.
- 3 -
The Parrot Society UK
Trustees' Annual Report (continued)
Year ended 31 August 2024
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 year in 2023/2024 and achieved a small surplus of £1,199 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.
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 Avian Influenza that is now with us will not have such a devastating effect on our future than it could possibly have inflicted. 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 bird-keepers 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 3 November 2024 and signed on behalf of the board of trustees by:
Mr L Rance Charity Secretary
- 4 -
The Parrot Society UK
Independent Examiner's Report to the Trustees of The Parrot Society UK
Year ended 31 August 2024
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 2024.
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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
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
- 5 -
The Parrot Society UK
Statement of Financial Activities
Year ended 31 August 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 42,838 | 42,838 | 48,022 |
| Other trading activities | 5 | 65,291 | 65,291 | 63,648 |
| Investment income | 6 | 29,878 | 29,878 | 9,014 |
| Other income | 7 | 7,977 | 7,977 | 8,085 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 145,984 | 145,984 | 128,769 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations and legacies | 8 | 63,872 | 63,872 | 65,493 |
| Expenditure on charitable activities | 9,10 | 74,534 | 74,534 | 75,256 |
| Other expenditure | 12 | 6,379 | 6,379 | 2,907 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 144,785 | 144,785 | 143,656 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) and net movement in funds | 1,199 | 1,199 | (14,887) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 883,780 | 883,780 | 898,667 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 884,979 | 884,979 | 883,780 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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 8 to 13 form part of these financial statements.
- 6 -
The Parrot Society UK
Statement of Financial Position
31 August 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 17 | 1,371 | 1,904 | |
| Current assets | ||||
| Stocks | 18 | 200 | 200 | |
| Debtors | 19 | 14,363 | 17,161 | |
| Cash at bank and in hand | 884,897 | 880,497 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 899,460 | 897,858 | |||
| Creditors: amounts falling due within one year | 20 | 15,852 | 15,982 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net current assets | 883,608 | 881,876 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total assets less current liabilities | 884,979 | 883,780 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net assets | 884,979 | 883,780 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Funds of the charity | ||||
| Unrestricted funds | 884,979 | 883,780 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total charity funds | 21 | 884,979 | 883,780 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 3 November 2024, and are signed on behalf of the board by:
Mr D Dickason Trustee
The notes on pages 8 to 13 form part of these financial statements.
- 7 -
The Parrot Society UK
Notes to the Financial Statements
Year ended 31 August 2024
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:
-
income from subscriptions is recognised in the year to which the subscription relates.
-
income from donations, grants and legacies is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
income is generated from advertisements in the monthly magazine and on the Charity's website. Income from advertisements is recognised in the period the advertisement is published.
-
income from shows is recognised in the year in which the show takes place. Any income relating to future shows is deferred until the period in which the event takes place.
- 8 -
The Parrot Society UK
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Incoming resources (continued)
- sales income is generated from the sale of books, the majority of which are donated by members. This income is recognised in the period the sale takes place.
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.
- 9 -
The Parrot Society UK
Notes to the Financial Statements (continued)
Year ended 31 August 2024
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Subscriptions | 29,507 | 29,507 | 34,111 | 34,111 | |
| Donations and advertisements | 9,503 | 9,503 | 9,327 | 9,327 | |
| Gift Aid | 3,828 | 3,828 | 4,584 | 4,584 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 42,838 | 42,838 | 48,022 | 48,022 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 5. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Show income | 64,118 | 64,118 | 63,382 | 63,382 | |
| Sales income | 1,173 | 1,173 | 266 | 266 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 65,291 | 65,291 | 63,648 | 63,648 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 29,878 | 29,878 | 9,014 | 9,014 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 7. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Other income | 7,977 | 7,977 | 8,085 | 8,085 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 8. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Magazine printing & postage | 26,764 | 26,764 | 27,013 | 27,013 | |
| Shows | 37,108 | 37,108 | 38,480 | 38,480 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 63,872 | 63,872 | 65,493 | 65,493 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 9. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Support costs | 74,534 | 74,534 | 75,256 | 75,256 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 10 -
The Parrot Society UK
Notes to the Financial Statements (continued)
Year ended 31 August 2024
10. Expenditure on charitable activities by activity type
| Total funds | Total fund | ||
|---|---|---|---|
| Support costs | 2024 | 2023 | |
| £ | £ | £ | |
| Subscriptions | 42,284 | 42,284 | 44,322 |
| Donations and advertisements | 13,616 | 13,616 | 12,118 |
| Shows | 18,634 | 18,634 | 18,816 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 74,534 | 74,534 | 75,256 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
11. Analysis of support costs
| Donations | |||||
|---|---|---|---|---|---|
| and | |||||
| advertisement | |||||
| Subscriptions | s | Shows | Total 2024 | Total 2023 | |
| £ | £ | £ | £ | £ | |
| Staff costs | 28,041 | 9,031 | 12,358 | 49,430 | 49,731 |
| Premises | 4,533 | 1,459 | 1,998 | 7,990 | 7,630 |
| Communications and IT | 2,137 | 689 | 942 | 3,768 | 2,995 |
| Legal and professional | 1,954 | 629 | 861 | 3,444 | 3,556 |
| Depreciation | 304 | 96 | 133 | 533 | 749 |
| Other costs | 5,315 | 1,712 | 2,342 | 9,369 | 10,595 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 42,284 | 13,616 | 18,634 | 74,534 | 75,256 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
Support costs have been allocated between the activities on the basis of income received in the year.
12. Other expenditure
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Donations | 6,379 | 6,379 | 2,907 | 2,907 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 13. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 533 | 749 | |||
| ৶৶৶৶ | ৶৶৶৶ | ||||
| 14. | Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 2,760 | 2,622 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
- 11 -
The Parrot Society UK
Notes to the Financial Statements (continued)
Year ended 31 August 2024
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 49,430 | 49,612 |
| Social security costs | – | 119 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 49,430 ৶৶৶৶৶৶৶৶ |
49,731 ৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was 3 (2023: 3).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
16. Trustee remuneration and expenses
No trustees (nor anyone connected with them) received any remuneration during the year, but 8 trustees were reimbursed a total of £2,886 related to travel and subsistence (2023: £2,676).
17. Tangible fixed assets
| Equipment | Total | ||
|---|---|---|---|
| £ | £ | ||
| Cost | |||
| At 1 September 2023 and 31 August 2024 | 46,842 | 46,842 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Depreciation | |||
| At 1 September 2023 | 44,938 | 44,938 | |
| Charge for the year | 533 | 533 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| At 31 August 2024 | 45,471 | 45,471 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Carrying amount | |||
| At 31 August 2024 | 1,371 | 1,371 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| At 31 August 2023 | 1,904 | 1,904 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 18. | Stocks | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Stock | 200 | 200 | |
| ৶৶৶৶ | ৶৶৶৶ | ||
| 19. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Prepayments and accrued income | 14,363 | 17,161 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 12 -
The Parrot Society UK
Notes to the Financial Statements (continued)
Year ended 31 August 2024
20. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 14,806 | 15,400 |
| Social security and other taxes | 1,046 | 582 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 15,852 | 15,982 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
21. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 September | 31 August 20 | ||||
| 2023 | Income | Expenditure | Transfers | 24 | |
| £ | £ | £ | £ | £ | |
| General funds | 656,959 | 139,307 | (138,406) | 385 | 658,245 |
| The John Mollindinia | |||||
| Conservation Fund | 226,821 | 6,677 | (6,379) | (385) | 226,734 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 883,780 | 145,984 | (144,785) | – | 884,979 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At | At | ||||
| 1 September | 31 August 20 | ||||
| 2022 | Income | Expenditure | Transfers | 23 | |
| £ | £ | £ | £ | £ | |
| General funds | 671,428 | 125,510 | (140,749) | 770 | 656,959 |
| The John Mollindinia | |||||
| Conservation Fund | 227,239 | 3,259 | (2,907) | (770) | 226,821 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 898,667 | 128,769 | (143,656) | – | 883,780 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
22. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 1,371 | 1,371 |
| Current assets | 899,460 | 899,460 |
| Creditors less than 1 year | (15,852) | (15,852) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 884,979 | 884,979 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Tangible fixed assets | 1,904 | 1,904 |
| Current assets | 897,858 | 897,858 |
| Creditors less than 1 year | (15,982) | (15,982) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 883,780 | 883,780 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
- 13 -