Registered Charity Number: 283483
The Lord Whisky Sanctuary Fund
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31[ST] OCTOBER 2022
THE LORD WHISKY SANCTUARY FUND
YEAR ENDED 31[ST] OCTOBER 2022
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 | 10-17 |
Page 1
THE LORD WHISKY SANCTUARY FUND
YEAR ENDED 31[ST] OCTOBER 2022
REFERENCE AND ADMINISTRATIVE INFORMATION
CHIEF EXECUTIVE OFFICER
Mrs Margaret Todd MBE
TRUSTEES
Mrs Christine Bevis
Miss Sally Walkinshaw
Mr Roy Bevis
Mr John Pidoux
ADDRESS
Park House Stelling Minnis Nr Canterbury Kent CT4 6AN
ADVISORS
BANKERS
ACCOUNTANTS
INDEPENDENT EXAMINER
HSBC Bank Plc 141 High Street Beckenham Kent BR3 1BX Paige-McLean & Co Accountants 11 Strangford Place Broomfield Herne Bay Kent CT6 7UJ J A Griggs FCA 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 2022
REPORT OF THE TRUSTEES
The trustees present their report and the accounts for the year ended 31[st] October 2022.
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 half-yearly 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;
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1) To provide sanctuaries in areas where they are needed.
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2) To provide sanctuary until suitable homes are found.
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3) To provide permanent sanctuary where necessary.
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4) The fund does not agree with taking life because the right home cannot be found, but only ending life with dignity if an animal is in pain due to irreversible illness.
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5) To provide free or part payment for veterinary treatment at our discretion.
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 2022
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 £37,705 (2021 £26,906).
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 £935,037 (2021 £520,396), which was raised by donations, fund raising and other income. Included in this figure is an amount of £452,893 (2021 £178,129) legacy income.
The result for the year was an excess of income over expenditure of £42,884 (2021 excess of expenditure over income of £265,120).
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 2022 unrestricted reserves were £2,731,226 (2021 £2,734,076).
The charity had recorded a deficit for six consecutive years, but has shown a surplus in five of the last nine years, mainly 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 was similar to that of the year ended twelve months previously, but the results for the year ended 31[st] October 2022 showed significantly higher legacy income, making any prediction for the year problematical.
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. These values have been affected by the Russian invasion of Ukraine. 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 fell by £45,734 (compared to a rise of £88,505 in 2021).
Page 4
THE LORD WHISKY SANCTUARY FUND
YEAR ENDED 31[ST] OCTOBER 2022
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 risen this year by 6.3%, from an average of £33,148 per month to an average of £35,241 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 £50,956 in this period (2021 £37,464). The VAT unable to be reclaimed on animal care was £10,456 (2021 £14,840).
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
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 10[th] November 2023 and signed on their behalf by:
C Bevis - TRUSTEE
C Newman – TRUSTEE
Page 5
THE LORD WHISKY SANCTUARY FUND
YEAR ENDED 31[ST] OCTOBER 2022
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF
LORD WHISKY SANCTUARY FUND, CHARITY NUMBER 283483 FOR THE YEAR ENDED 31[ST] OCTOBER 2022
I report on the accounts of Lord Whisky Sanctuary Fund for the year ended 31[st] October 2022 which comprise the financial statements set out on pages 7 to 17.
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:
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examine the accounts under section 145 of the Charities Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
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 2022
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF
LORD WHISKY SANCTUARY FUND, CHARITY NUMBER 283483 FOR THE YEAR ENDED 31[ST] OCTOBER 2022
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:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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 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
16th November 2023
Page 7
THE LORD WHISKY SANCTUARY FUND
YEAR ENDED 31[ST] OCTOBER 2022
STATEMENT OF FINANCIAL ACTIVITIES
| Notes Income and endowments from: Donations and legacies: Donations 8 Legacies 9 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 10 Charitable activities 11 Other 12 Total expenditure Net income/(expenditure) (Loss)/Gain on Investments 5 Net (expenditure) Total funds brought forward Total funds carried forward |
Unrestricted Unrestricted Funds Funds 2022 2021 £ £ 120,973 67,233 452,893 178,129 15,643 15,838 256,459 182,077 22,971 23,919 37,705 26,906 4,950 5,400 2,568 184 1,039 277 9,504 12,051 10,332 8,382 _ _ 935,037 520,396 _ _ 2,970 3,172 621,677 563,058 267,506 219,286 _ _ 892,153 785,516 _ _ 42,884 (265,120) (45,734) 88,505 _ _ (2,850) (176,615) 2,734,076 2,910,691 _ _ £2,731,226 £2,734,076 |
|---|---|
Page 8
THE LORD WHISKY SANCTUARY FUND
YEAR ENDED 31[ST] OCTOBER 2022
BALANCE SHEET
----- Start of picture text -----
Notes 2022 2021
£ £ £ £
Fixed Assets
Tangible assets 4 842,456 663,993
Investments 5 308,892 354,626
Current Assets
Debtors 6 145,706 160,531
Cash at bank and in hand 1,670,754 1,695,787
_1,816,460 _1,856,318
Liabilities
Creditors: Amounts falling due within
one year 7 236,582 140,861
______ _
Net Current Assets 1,579,878 1,715,457
_ ___
Total Net Assets £2,731,226 £2,734,076
Funds
Unrestricted Funds £2,731,226 £2,734,076
The financial statements were approved by the trustees as follows
Mrs C Bevis Trustee Mr C Newman Trustee
Date: 10 [th] November 2023
----- End of picture text -----
Page 9
THE LORD WHISKY SANCTUARY FUND
YEAR ENDED 31[ST] OCTOBER 2022
STATEMENT OF CASH FLOWS
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| £ | £ | |||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net cash (used in)/provided by operating activities | 15 | 167,660 | (339,043) | |
| ------------ | ----------- | |||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Sales of fixed assets | - | - | ||
| Purchases of fixed assets | (216,136) | (570) | ||
| Investment income | 23,443 | 20,894 | ||
| Sales of investments | - | - | ||
| ------------- | --------- | |||
| Net cash provided by (used in) investing activities | (192,693) | 20,324 | ||
| ------------- | --------- | |||
| Change in cash and cash equivalents in the year | 25,033 | (318,719) | ||
| ------------- | ----------- | |||
| Cash and cash equivalents at the beginning of the | year | 1,695,787 | 2,014,506 | |
| ------------- | ------------- | |||
| Cash and cash equivalents at the end of the year | 16 | 1 | ,670,754 | 1 ,695,787 |
Page 10
THE LORD WHISKY SANCTUARY FUND
NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2022
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.
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a) All donation income is accounted for gross when receivable. Legacies to the charity are accounted for as soon as the charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the charity is possible. Other income is accounted for on an accruals basis as far as it is prudent to do so, and net of VAT where applicable. Incoming resources are shown without netting off of any expenses.
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b) All expenditure is accounted for gross, and on an accruals basis, less VAT where recoverable. Direct charitable expenditure includes the direct costs of the activities and depreciation on related assets.
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c) Fixed assets are included at cost or valuation: there are no uncapitalised fixed assets.
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d) Depreciation is provided to write off the cost or valuation, less estimated residual values, of all fixed assets except freehold land, over their expected useful lives. All items of more than £200 are capitalised. Depreciation is calculated at the following rates:
| 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.
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e) Stocks are valued at the lower of cost or net realisable value.
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f) Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using market value. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.
Page 11
THE LORD WHISKY SANCTUARY FUND
NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2022
1 ACCOUNTING POLICIES (CONTINUED)
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g) In the opinion of the trustees all of the funds of the charity can be considered unrestricted, as such no other funds are maintained or shown in the financial statements.
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h) Current assets are amounts owed to the charity at the year end and are shown as debtors, less provision for amounts that may prove uncollectable. Cash at bank and in hand represents cash held or held on deposit with commercial banks.
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i) 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 2022 the Charity made payments to Park House Sanctuary Services, (the Todd family trading in partnership) of £402,151 net of VAT, (2021 £535,707) 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 £197,111 (2021 £102,151).
In the year ended 31 October 2022, the charity met expenses on behalf of Lord Whisky Centre Limited of £Nil (2021 £5,354). At the balance sheet date, Lord Whisky Centre Limited owed the charity £112,877 (2021: £120,102). Mrs M G Todd MBE, Chief Executive Officer, is a director of the company. Lord Whisky Centre Limited runs the tearooms and a charity shop, which are regarded as the public face of the charity.
At the balance sheet date, the charity owed National Animal Rescue Kennels, a charity of which Mrs M G Todd MBE is a trustee, £3,315 (2021: £3,315).
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 2022
| 4 | FIXED ASSETS Freehold Leasehold Property Property £ £ COST At 1stNovember 2021 233,340 465,000 Additions 169,734 - Disposals - - _ _ At 31stOctober 2022 403,074 465,000 _ _ DEPRECIATION At 1stNovember 2021 27,409 7,230 Charge for year 21,068 2,410 Disposals - - _ _ At 31stOctober 2022 48,477 9,640 _ _ NET BOOK VALUE At 31stOctober 2022 354,597 455,360 At 1stNovember 2021 205,931 457,770 |
Motor Kennels and Total Cars Equipment £ £ £ 80,828 101,765 880,933 17,996 28,406 216,136 - - - __ _ _ 98,824 130,711 1,097,069 80,823 101,478 216,940 4,499 9,696 37,673 - - - _ 85,322 111,174 254,613 ____ 13,502 18,997 842,456 5 287 663,993 |
Motor Kennels and Total Cars Equipment £ £ £ 80,828 101,765 880,933 17,996 28,406 216,136 - - - __ _ _ 98,824 130,711 1,097,069 80,823 101,478 216,940 4,499 9,696 37,673 - - - _ 85,322 111,174 254,613 ____ 13,502 18,997 842,456 5 287 663,993 |
|---|---|---|---|
| 663,993 |
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. During the year, a large extension was built to enable the surgery to expand its operations. 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 189 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 252,132 | - | 3 | 18,978 | 271,113 | |
| Fundraising and Publicity | 96,285 | - | - | 5 | 96,290 |
| Governance | 6,180 | - | 13,499 | 14 | 19,693 |
| Investment | - | 455,360 | - | - | 455,360 |
| _ | _ | _ | _ | _ | |
| TOTAL | 354,597 | 455,360 | 13,502 | 18,997 | 842,456 |
| _ | _ | _ | _ | _ |
Page 13
THE LORD WHISKY SANCTUARY FUND
NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2022
5 INVESTMENTS
At the balance sheet date the following significant investments were held:-
| Monks Investment Trust Plc Henderson Smaller Cos. Inv Trust Plc Edinburgh Investment Trust Plc Glaxo Smith Kline Plc Shell Plc BNY Mellon UK Income Legal and General Group Plc The European Smaller Companies Trust Plc Black Rock UK Income Fund Henderson European Focus Trust Plc Relx Plc Lion Trust Global Dividend Fund Aberdeen Diversified Income + Growth Trust Plc Rio Tinto Plc Smith and Nephew Plc Invesco Perpetual Income Unilever Plc Tesco Plc Pearson Plc BP Plc BAE Systems Plc Barclays Plc Astra Zeneca Plc Whitbread Plc Smiths Group Plc Vodafone Group Plc Marks and Spencer Group Plc Next Plc Reckitt Benckiser Group Plc Carnival Plc 13 Other Smaller Holdings £ Market Value At 1stNovember 2021 (Loss)/Gain on Investments (Fall)/Rise in market value of investments At 31stOctober 2022 |
£ 36,319 36,048 19,692 19,560 17,728 15,161 14,360 14,023 13,861 11,071 10,518 10,412 10,009 9,845 8,580 7,803 7,114 5,162 5,119 4,865 4,088 3,870 3,794 3,652 3,293 1,694 1,423 1,331 1,214 1,016 6,267 308,892 £ £ 2022 354,626 (45 ,734) 308,892 |
£ 2021 266,121 88,505 |
|---|---|---|
354,626 |
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 2022 was £161,431 (2021 £161,431).
Page 14
THE LORD WHISKY SANCTUARY FUND
NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2022
6 DEBTORS
| 2022 £ Lord Whisky Centre Ltd 112,877 Accrued Income 1,238 VAT Recoverable 20,292 Prepayments 11,299 145,706 7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Park House Sanctuary Services 197,111 Accruals 36,156 National Animal Rescue Kennels 3,315 236,582 8 DONATIONS 2022 £ Pike Star Foundation 60,000 Other donations 60,973 120,973 |
2021 £ 120,102 176 29,521 10,732 160,531 2021 £ 102,151 35,395 3,315 140,861 2021 £ - 67,233 67,233 |
2021 £ 120,102 176 29,521 10,732 160,531 2021 £ 102,151 35,395 3,315 140,861 2021 £ - 67,233 67,233 |
|---|---|---|
140,861 |
||
| 2021 £ - 67,233 67,233 |
Page 15
THE LORD WHISKY SANCTUARY FUND
NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2022
9 LEGACIES RECEIVED
| Legacies received in the year were from the Estates of: - Mrs BJ Walters Ms B Wright Ms A Stratton Ms B Papworth Ms DMJ Thompson Mrs MVL Sinclair Mr JA Dobson Ms M Bennett Mr RG Ready Ms JM Stevens Mrs EI Allen Mr JS Kerr Mr B Todd-White Mrs M Smalley Mrs SE Meekums Ms S Butler Ms C Chant Dr E Tresidder Mrs ID Turner Ms SD Thompson Aviva re a client Mr PJ Appleby Miss N Clarke Ms P Snell Mr PG Matthews Mr PG Southcombe Mr EA Austin |
£ 83,341 59,135 50,550 46,009 40,000 39,768 28,950 20,000 19,156 12,127 9,000 8,500 7,500 6,000 5,000 5,000 3,000 3,000 2,000 2,000 735 500 500 500 500 100 22 . 452,893 |
£ 83,341 59,135 50,550 46,009 40,000 39,768 28,950 20,000 19,156 12,127 9,000 8,500 7,500 6,000 5,000 5,000 3,000 3,000 2,000 2,000 735 500 500 500 500 100 22 . |
|---|---|---|
At the balance sheet date, legacies of which the charity was aware but which had not yet been received, were estimated at £121,257 (2021 £154,154).
Page 16
THE LORD WHISKY SANCTUARY FUND
NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2022
| Note | Unrestricted Funds | Unrestricted Funds | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| 10 | RAISING FUNDS: | |||
| 80/170 Club | 2,090 | 1,810 | ||
| Events running costs | 880 | 1,362 | ||
| ______ | ______ | |||
| 2,970 | 3,172 | |||
| 11 | CHARITABLE ACTIVITIES: | |||
| Park House Sanctuary Services | 422,889 | 397,775 | ||
| Sundry Purchases | 4,050 | 1,330 | ||
| Veterinary Clinic | 194,738 | 163,670 | ||
| Depreciation – Kennels and Chalets | - | 283 | ||
| 621,677 | 563,058 | |||
| 12 | OTHER EXPENDITURE | |||
| GOVERNANCE: | ||||
| Independent Examiner’s Fees | 14 | 1,550 | 1,500 | |
| Accountancy | 5,068 | 5,535 | ||
| Secretarial Staff | 30,077 | 18,984 | ||
| Printing and Stationery | 18,749 | 15,170 | ||
| Telephone | 6,648 | 6,095 | ||
| Postage | 11,821 | 11,421 | ||
| Advertising | 16,297 | 17,684 | ||
| Motor and Travel Expenses | 5,509 | 1,999 | ||
| General Expenses | 13,954 | 4,968 | ||
| Legal and Professional Fees | 6,238 | 3,878 | ||
| Management Charge | 84,677 | 80,491 | ||
| 200,588 | 167,725 | |||
| PROPERTY COSTS: | ||||
| Repairs | 6,101 | 17,672 | ||
| Vet Clinic Rent | 7,498 | 6,874 | ||
| Vet Clinic Heat and Lighting | 1,771 | 522 | ||
| Insurance | 7,464 | 7,095 |
| Depreciation | 23,478 | 6,503 |
|---|---|---|
| West Bay Apartments | - | 1,539 |
| ______ | ______ | |
| 46,494 | 40,205 | |
| FINANCE | ||
| Bank Charges | 6,229 | 6,301 |
| 6,229 | 6,301 | |
| DEPRECIATION: | ||
| Motor Car | 4,499 | 4,538 |
| Equipment | 9,696 | 517 |
| (Gain)/Loss on Disposal | - | - |
| 14,195 | 5,055 | |
| 267,506 | 219,286 |
Page 17
THE LORD WHISKY SANCTUARY FUND
NOTES TO THE ACCOUNTS – 31[ST] OCTOBER 2022
13 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.
14 INDEPENDENT EXAMINER’S FEES
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2022 2021
£ £
Independent examiner’s fees 1,550 1,500
1,550 1 ,500
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15 RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
2022
2021
| £ Net Income/(Expenditure) for the reporting period (as per the statement of financial activities) (2,850) Adjustments for: Depreciation 37,673 Losses/(Gains) on investments 45,734 Investment income (23,443) (Increase)/decrease in debtors 14,825 Increase/(decrease) in creditors 95,721 Net cash provided by/(used in) operating activities 167,660 16 ANALYSIS OF CASH AND CASH EQUIVALENTS 2022 £ Cash at bank and in hand 1,670,754 1,670,754 |
£ (176,615) 11,841 (88,505) (20,894) (7,122) (57 ,748) (339 ,043) 2021 £ 1 ,695,787 1 ,695,787 |
£ (176,615) 11,841 (88,505) (20,894) (7,122) (57 ,748) (339 ,043) 2021 £ 1 ,695,787 1 ,695,787 |
|---|---|---|
| 1 ,695,787 |