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2021-10-31-accounts

Registered Charity Number: 283483

The Lord Whisky Sanctuary Fund

ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

CONTENTS

Page
Reference and Administrative Information 1
Report of the Trustees 2-4
Independent Examiner’s Report 5-6
Statement of Financial Activities 7
Balance Sheet 8
Statement of Cash Flows 9
Notes to the Accounts 10-16

Page 1

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

REFERENCE AND ADMINISTRATIVE INFORMATION

CHIEF EXECUTIVE OFFICER

Mrs Margaret Todd MBE

TRUSTEES

Mrs Christine Bevis

Mr Eric Hay

Miss Sally Walkinshaw

Mr Roy Bevis Mr John Pidoux

ADDRESS

ADVISORS

BANKERS

ACCOUNTANTS

Park House Stelling Minnis Nr Canterbury Kent CT4 6AN HSBC Bank Plc 141 High Street Beckenham Kent BR3 1BX Paige-McLean & Co Accountants 11 Strangford Place Broomfield Herne Bay Kent CT6 7UJ

INDEPENDENT EXAMINERS

LEVICKS Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX

Page 2

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

REPORT OF THE TRUSTEES

The trustees present their report and the accounts for the year ended 31[st] October 2021.

Structure, Governance and Management

The charity is governed by Trust Deed, dated 20[th] August 1981.It constitutes a public benefit entity as defined by FRS 102. The Trustees have complied with the duty in Section 4 of the 2011 Charities Act to have due regard to guidance published by the Charity commission in respect of public benefit.

Organisation

The trustees who have served during the year and since the year-end are set out on page 1. Trustees are appointed by the board of trustees and serve until they retire or resign. The trustees meet on a halfyearly basis to discuss the work of the charity and to approve any capital expenditure requirements. The Chief Executive Officer controls the day to day running of the charity, and the care of the animals. She also makes recommendations to the trustees as to how the charity, which she founded, can best support her work at Park House Sanctuary.

Trustees are recruited from suitable persons known to the chief executive officer who have shown interest in the affairs of the charity from time to time as and when vacancies arise. They receive training appropriate to the level of their involvement in the management of the charity’s affairs.

Risk Management

The trustees have examined the major strategic and operational risks that the charity faces and confirm that they consider systems in operation are adequate. In addition, the trustees consider that insurance policies in place will cover any financial risk.

Strategically, the major risk is that insufficient legacy income will be received to cover the operating costs of the charity. The charity advertises widely in appropriate publications, but whether supporters pass away is in the hands of a greater power.

Operationally, the charity takes all reasonable steps to ensure the safety of all those who help to care for the resident animals.

Objectives and Activities

The aims of the charity are to care for abandoned and discarded animals and;

The charity continues to take in animals whose owners can no longer look after them. These animals, where possible, are found homes and those with behaviour problems or needing medical care are given sanctuary for the rest of their lives if needed.

Two veterinary clinics in permanent premises and a mobile clinic are being run to enable those people on low income to have their pets treated. These are getting busier all the time and are providing relief for animals who would not otherwise receive treatment and helping owners who find themselves on low income, often through no fault of their own.

Page 3

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

REPORT OF THE TRUSTEES

Objectives and Activities (Cont’d)

The fund raising is carried out by volunteers and the amount raised in the year amounted to £26,906 (2020 £17,554).

A programme of neutering animals continues. In addition, free-living animals are trapped and identity chipped, neutered and returned to their own environment where possible.

The trustees have already circulated a report on the work of the Sanctuary to all the friends of the Charity for the year under review.

Achievements and Performance

The fund’s income for the year under review was £520,396 (2020 £552,594), which was raised by donations, fund raising and other income. Included in this figure is an amount of £178,129 (2020 £254,960) legacy income.

The result for the year was an excess of expenditure over income of £265,120 (2020 £209,259).

Financial Reviews

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level that equates to approximately two years unrestricted expenditure amounting to an estimated annual sum of £750,000, or £1,500,000 in total. This sum should provide sufficient funds to cover all expenditure required to carry on with our work. However, until the recent exceptional years, we have had to use the Charity’s reserves to cover the operating deficits caused by the severe reduction in legacy income. The surpluses of those years have helped to rebuild the charity’s reserves, but there is no guarantee that they will be repeated. At 31 October 2021 unrestricted reserves were £2,734,076 (2020 £2,910,691).

The charity had recorded a deficit for six consecutive years, but has shown a surplus in four of the last eight years, thanks to large legacies from two supporters. Legacy income is unpredictable and is likely to vary from year to year. The level of legacies of which the charity was aware at 31[st] October 2021 is similar to that of the year ended twelve months previously, which indicates that the results for the year ended 31[st] October 2022 are unlikely to be significantly different.

The trustees note that an exceptional surplus was generated in the year ended 31[st] October 2019. However, since the majority of the charity’s income is normally received in legacies, and the charity’s recurring expenditure will normally significantly exceed its non-legacy income for the foreseeable future, the trustees do not anticipate that the charity will generate material net incoming resources in subsequent years.

Where legacies have taken the form of portfolios of quoted shares, it has been the policy of the charity to retain those shareholdings as investments. In this manner, a diverse portfolio of largely FTSE 100 companies as detailed in Note 6 to the accounts has been built up, which has grown in value faster than if the shares had been sold. Obviously, these values were significantly affected by the coronavirus pandemic in the year ended 31[st] October 2020, but have since more than recovered. However, the trustees see no reason why these values should not continue to grow in future years, and feel that the holdings remain sound long term investments.

This year, the value of investments held rose by £88,505 (compared to a fall of £54,566 in 2020). Overall the value has increased by 120% from the original probate values.

Page 4

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

REPORT OF THE TRUSTEES

Financial Reviews (Cont’d)

Certain of these holdings are in the names of two of the past and present trustees, at the insistence of the solicitors acting for that legatee. These are gradually being transferred into the name of the charity.

The cost of the animal care provided by Park House Sanctuary Services has fallen this year by 0.4%, from an average of £33,289 per month to an average of £33,148 per month.

The Charity has an agreement with HM Revenue and Customs which allows it to reclaim 87% of the VAT on the costs of the care of the animals at the sanctuary. The vet clinic income is shown net of VAT, some £37,464 in this period (2020 £27,615). The VAT unable to be reclaimed on animal care was £14,840 (2020 £10,937).

Plans for the Future

The trustees feel that in the current economic climate, they will do well simply to continue the current level of activity. The trustees are actively exploring new sources of funding, but consider that for the next few years it will remain a challenge simply to ensure that the Charity can cover the costs of its current activities. However, although the level of legacies received has fallen back again, there should now be sufficient reserves to cover both the current needs and to invest in any new projects, for the next five to ten years.

Trustees’ Responsibilities in relation to the Financial Statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 9 August 2022 and signed on their behalf by:

C Bevis - TRUSTEE

S Walkinshaw – TRUSTEE

Page 5

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF

LORD WHISKY SANCTUARY FUND, CHARITY NUMBER 283483

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

I report on the accounts of Lord Whisky Sanctuary Fund for the year ended 31[st] October 2021 which comprise the financial statements set out on pages 7 to 16.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Page 6

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF

LORD WHISKY SANCTUARY FUND, CHARITY NUMBER 283483

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I 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.

J A GRIGGS FCA LEVICKS

Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX 16 August 2022

Page 7

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] OCTOBER 2021

Notes
Income and endowments from:
Donations and legacies:
Donations
Legacies
8
Miscellaneous Income
Charitable activities
-
Vet Clinic Income
-
Adoption Fees
Other trading activities
-
Fund Raising Events
-
Street Runners Ltd
Investments
-
Bank Deposit Interest
-
Income from Legatees Estates
-
Dividends – UK Equities
-
Rent Received
Total income
Expenditure on:
Raising funds
9
Charitable activities
10
Other
11
Total expenditure
Net (expenditure)/income
(Loss)/Gain on Investments
5
Net (expenditure)/income
Total funds brought forward
Total funds carried forward		 Unrestricted
Unrestricted
Funds
Funds
2021
2020
£
£
67,233
86,403
178,129
254,960
15,838
17,605
182,077
125,431
23,919
24,561
26,906
17,554
5,400
5,400
184
3,568
277
-
12,051
9,329
8,382
7,783
_
_
520,396
552,594
_
_
3,172
3,418
563,058
542,599
219,286
215,836
_
_
785,516
761,853
_
_
(265,120)
(209,259)
88,505
(54,566)
_
_
(176,615)
(263,825)
2,910,691
3,174,516
_
_
£2,734,076
£2,910,691

Page 8

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

BALANCE SHEET

Notes 2021 2020
£ £ £ £
Fixed Assets
Tangible assets 4 663,993 675,264
Investments 5 354,626 266,121
Current Assets
Debtors 6 160,531 153,409
Cash at bank and in hand 1,695,787 2,014,506
___ ___
1,856,318 2,167,915
Liabilities
Creditors: Amounts falling due within
one year 7 140,861 198,609
___ ___
Net Current Assets 1,715,457 1,969,306
___ ___
Total Net Assets £2,734,076 £2,910,691
Funds
Unrestricted Funds £2,734,076 £2,910,691
The financial statements were approved by the trustees as follows
Miss S Walkinshaw Trustee Mrs C Bevis Trustee
Date: 9 August 2022

Page 9

THE LORD WHISKY SANCTUARY FUND

YEAR ENDED 31[ST] OCTOBER 2021

STATEMENT OF CASH FLOWS

8
Notes
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in)/provided by operating activities 14
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of fixed assets
Purchases of fixed assets
Investment income
Sales of investments
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year 15		 2021
£
(339,043)
------------
-
(570)
20,894
-
-------------
20,324
-------------
(318,719)
-------------
2,014,506
-------------
1,695,787		 2020
£
(243,410)
-----------
600
(2,030)
20,680
55
---------
19,305
---------
(224,105)
-----------
2,238,611
-----------
2,014,506

Page 10

THE LORD WHISKY SANCTUARY FUND

NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2021

1 ACCOUNTING POLICIES

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

The financial statements are prepared in Sterling which is the functional currency of the charity.

The financial statements have been prepared under the historical cost convention, as modified by the inclusion of investments at market value and are in accordance with the Charities Act 2011, applicable accounting standards including FRS102 and the Accounting and Reporting Charities: Statement of Recommended Practice (SORP). There have been no changes in the accounting policies.

Motor Vehicles
4 years
Kennels and Cat Chalets 10 years
Other Equipment
3 years
Improvements to Property 10 years
Leasehold Property 193 years

No depreciation is provided on the cost of the freehold building on the grounds that it would be immaterial because its estimated residual value is not lower than its cost, given the general increase in property prices in the eighteen years since it was purchased.

Page 11

THE LORD WHISKY SANCTUARY FUND

NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2021

1 ACCOUNTING POLICIES (CONTINUED)

Creditors and accruals represent sums irrevocably committed for payment prior to the balance sheet date that were not settled as at that date

2 CONNECTED CHARITIES

Other Charities operated from Park House, Stelling Minnis, Canterbury, Kent are as follows:

The National Animal Rescue Kennels – No: 261546 The Dowding Memorial Trust – No: 265340

The trustees of these two charities are Mrs M G Todd MBE and her daughter Mrs B Marsh.

3 TRANSACTIONS WITH TRUSTEES AND OTHER CONNECTED PERSONS

As from 1[st] January 2005, commercial arrangements, instigated at the behest of the Charity Commissioners, and under a contract approved by the Charity Commissioners, commenced.

In the year ended 31[st] October 2021 the Charity made payments to Park House Sanctuary Services, (the Todd family trading in partnership) of £535,707 net of VAT, (2020 £460,711) for providing accommodation, feed and keep, and the care provided by the staff formerly employed by the charity to the animals at the sanctuary.

These sanctuary services, provided to the Charity under previous arrangements at cost, are being supplied at a commercial rate, discounted by one third.

At the balance sheet date, the Charity owed Park House Sanctuary Services £102,151 (2020 £174,427).

In the year ended 31 October 2021, the charity met expenses on behalf of Lord Whisky Centre Limited of £5,354 (2020 £30,886). At the balance sheet date, Lord Whisky Centre Limited owed the charity £120,102 (2020: £119,615). Mrs M G Todd MBE, Chief Executive Officer, and Mr E Hay, trustee, are directors of the company. Lord Whisky Centre Limited runs the tearooms which is regarded as the public face of the charity.

At the balance sheet date, the charity owed National Animal Rescue Kennels £3,315 (2020: £2,560). Mrs M G Todd MBE is a trustee of the charity. During the year NARK paid LWSF £755.

Transactions with related parties are interest free, unsecured and repayable on demand.

Page 12

THE LORD WHISKY SANCTUARY FUND

NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2021

4 FIXED ASSETS
Freehold
Leasehold
Motor
Kennels and
Property
Property
Cars
Equipment
£
£
£
£
COST
At 1stNovember 2020
232,770
465,000
80,828
101,765
Additions
570
-
-
-
Disposals
-
-
-
-
_
_
__
_
At 31stOctober 2021
233,340
465,000
80,828 101,765
_
_


DEPRECIATION
At 1stNovember 2020
23,316
4,820
76,285
100,678
Charge for year
4,093
2,410
4,538
800
Disposals
-
-
-
-
_
_


At 31stOctober 2021
27,409
7,230
80,823
101,478
_
_

___
NET BOOK VALUE
At 31stOctober 2021
205,931
457,770
5
287
At 1stNovember 2020
209,454
460,180
4,543
1,087		 Total
£
880,363
570
-
_
880,933
__
205,099
11,841
-
_
216,940
_____
663,993
675,264

The freehold property owned by the Charity is The Gate Inn, Rhodes Minnis, Canterbury, Kent.

One of the veterinary clinics run by the Charity operates from a fully equipped veterinary surgery in the premises. For purposes of fundraising and publicity, an associated limited company, Lord Whisky Centre Limited, runs a tea room from the other part of the premises.

The leasehold property bequeathed to the Charity is 5 West Bay Apartments, 85 Sea Road, Westgate on Sea, Kent, and is being held as an investment property.

The lease is due to expire on 31[st] December 2211, some 190 years and 2 months from the balance sheet date.

The closing net book value represents fixed assets used for:

Freehold Leasehold Motor Kennels and Total
Property Property Cars Equipment
£ £ £ £
 £
Direct Charitable Purposes 100,852 - 3 268 101,123
Fundraising and Publicity
96,739		 - - 5 96,744
Governance 8,340 - 2 14 8,356
Investment - 457,770 - - 457,770
_ _ _ _ _
TOTAL 205,931 457,770 5 287 663,993
_ _ _ _ _

Page 13

THE LORD WHISKY SANCTUARY FUND

NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2021

5 INVESTMENTS

At the balance sheet date the following significant investments were held:-

Henderson Smaller Cos. Inv Trust Plc
Monks Investment Trust Plc
Glaxo Smith Kline Plc
Edinburgh Investment Trust Plc
TR European Growth Trust Plc
Legal and General Group Plc
Black Rock UK Income Fund
Henderson European Focus Trust Plc
Royal Dutch Shell Plc
Smith and Nephew Plc
Aberdeen Diversified Income + Growth Trust Plc
Relx Plc
Rio Tinto Plc
Invesco Perpetual Income
BNY Mellon Newton Higher Income
Unilever Plc
Tesco Plc
Barclays Plc
Whitbread Plc
Lion Trust Global Income Fund
Astra Zeneca Plc
BP Plc
Pearson Plc
Smiths Group Plc
BAE Systems Plc
Marks and Spencer Group Plc
Carnival Plc
Next Plc
Vodafone Group Plc
Reckitt Benckiser Group Plc
13 Other Smaller Holdings
£
Market Value
At 1stNovember 2020
Gain/(Loss) on Investments
Rise/(Fall) in market value of investments
At 31stOctober 2021		 £
58,752
53,550
21,499
20,692
19,728
17,992
17,766
14,176
12,152
11,041
11,038
10,690
9,625
8,613
7,155
6,981
6,614
5,015
4,771
4,280
3,494
3,442
3,132
2,982
2,846
2,598
2,263
2,184
1,836
1,275
6,444
354,626
£
£
2021
266,121
88,505
354,626		 £
2020
320,742
(54,621)
266,121

From time to time the charity has received bequests which comprised holdings in various quoted companies or government stocks. Certain of these companies have been the subject of mergers or takeovers and the government stocks have matured and been redeemed at par.

The original probate value of the remaining holdings at 31[st] October 2021 was £161,431 (2020 £161,431).

Page 14

THE LORD WHISKY SANCTUARY FUND

NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2021

6 DEBTORS

Lord Whisky Centre Ltd
Accrued Income
VAT Recoverable
Prepayments		 2021
£
120,102
176
29,521
10,732
160,531		 2020
£
119,615
1,220
25,283
7,291
153,409

7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Park House Sanctuary Services
Accruals
National Animal Rescue Kennels
8
LEGACIES RECEIVED
Legacies received in the year were from the Estates
Mr J S Kerr
Mrs IC Cook
Ms UML Ward
Ms ME Spicer
Mr DJ Eley
Mr BE Keeler
Mr JS Will
Mrs M Mingay
Ms ER Stingemore
Mr GE Mingay
Mrs JM Abel
Ms B Bailey
Ms MR Hoile
Mr H James
Ms SJB Johnson
Ms J Wilson
Mrs M Sharply
Ms E Woodcock		 2021
£
102,151
35,395
3,315
140,861
of: -
 2020
£
174,427
21,622
2,560
198,609
£
60,000
32,711
30,000
17,018
13,940
5,000
5,000
3,816
2,347
2,056
1,000
1,000
1,000
1,000
1,000
1,000
200
41
£178,129

At the balance sheet date, legacies of which the charity was aware but which had not yet been received, were estimated at £154,154 (2020 £145,800).

Page 15

THE LORD WHISKY SANCTUARY FUND

NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2021

Note Unrestricted Funds Unrestricted Funds
2021 2020
£ £
9 RAISING FUNDS:
80/170 Club 1,810 1,680
Events running costs 1,362 1,738
______ ______
3,172 3,418
10 CHARITABLE ACTIVITIES:
Park House Sanctuary Services 397,775 399,464
Sundry Purchases 1,330 5,590
Veterinary Clinic 163,670 137,263
Depreciation – Kennels and Chalets 283 282
563,058 542,599
11 OTHER EXPENDITURE
GOVERNANCE:
Independent Examiner’s Fees 13 1,500 1,450
Accountancy 5,535 5,055
Secretarial Staff 18,984 16,547
Printing and Stationery 15,170 16,711
Telephone 6,095 5,803
Postage 11,421 11,450
Advertising 17,684 20,152
Motor and Travel Expenses 1,999 7,251
General Expenses 4,968 2,520
Legal and Professional Fees 3,878 8,093
Management Charge 80,491 79,458
167,725 174,490
PROPERTY COSTS:
Repairs 17,672 2,736
Vet Clinic Rent 6,874 6,273
Vet Clinic Heat and Lighting 522 1,154
Insurance 7,095 6,537
Depreciation 6,503 6,446
West Bay Apartments 1,539 1,438
______ _____
40,205 24,584
FINANCE
Bank Charges 6,301 7,264
Bad Debt - -
6,301 7,264
DEPRECIATION:
Motor Car 4,538 9,581
Equipment 517 516
(Gain)/Loss on Disposal - (599)
5,055 9,498
219,286 215,836

Page 16

THE LORD WHISKY SANCTUARY FUND

NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2021

12 TRUSTEE REMUNERATION AND EXPENSES AND KEY MANAGEMENT PERSONNEL

During the year no payments of remuneration or expenses were made to any of the trustees.

Mrs M G Todd MBE is considered to be the key management personnel of The Lord Whisky Sanctuary Fund. There was no compensation of key management personnel in the year.

13 AUDITOR’S / INDEPENDENT EXAMINER’S FEES

2021
£
Independent examiner’s fees
1,500
Audit services
-
1,500
14
RECONCILIATION OF NET INCOME/(EXPENDITURE)
TO NET CASH FLOW FROM OPERATING ACTIVITIE8
2021
£
Net Income/(Expenditure) for the reporting period
(as per the statement of financial activities)
(176,615)
Adjustments for:
Depreciation
11,841
(Gain)/Loss on Disposals
-
(Gains)/Losses on investments
(88,505)
Investment income
(20,894)
(Increase)/decrease in debtors
(7,122)
Increase/(decrease) in creditors
(57,748)
Net cash provided by/(used in) operating activities(339,043)
15
ANALYSIS OF CASH AND CASH EQUIVALENTS
2021
£
Cash at bank and in hand
1,695,787
1,695,787		 2020
£
1,450
-
1,450
2020
£
(263,825)
16,825
(599)
54,566
(20,680)
(41,855)
12,158
(243,410)
2020
£
2,014,506
2,014,506