2021-01-31-accounts

Charity	number	number		286447
Principal	address			Aston Road
				Haddenham
				Bucking hamshire
				HP17 8AF
Telephone				01844292 292
Patron				H.R.H. Princess Alexandra
President				The Countess of Buckinghamshire
Chief Executive and			Director of	Colin Stocker
Clinical	Services
Senior Management			Team	Susan Stocker
				Tim Moran
Trustees				Michael Groth - Chairman
				Joan E Davis
				Louise M Seeker
				Glenn Gavin
				Michael J Brown
				Roger Andrew Laishley (appointed		on 16October 2020)
Auditors				Citroen Wells
				Devonshire House
				1 Devonshire Street
				London
				W1W 5DR
Bankers				Barclays Bank Plc
				34 Market Square
				Aylesbury
				Bucking hamshire
				HP20 1TT
Solicitors				BDBPitman LLP
				One Bartholomew	Cl
				London
				EC1A7BL
Investment		Advisors		Close Brothers Asset Management
				10Exchange Square,
				Primrose Street
				London
				EC2A 2BY

				Page
Chief Executive's report
Trustees' report				2-5
Statement of	Trustees'		responsibilities
Independent	Auditors'	report		7-9
Consolidated	Statement		of Financial Activities	10
Consolidated	Balance	Sheet
Balance Sheet ofTrust				12
Consolidated	statement		ofcash flows
Notes to the	financial statements			14 —28

			Notes	Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
					E		F
Incomin resources:
Donations and	legacies			2,047,585	350,000	2,397,585	2,074,456
Investments				241,562		241,562	202,881
Trading activities				37,731		37,731	155,601
Other income				133,288		133,288	111,422
Total incoming	resources			2,460,166	350,000	2,810,166	2,544,360
Resources ex	ended:
Costs ofgenerating funds			7	(219,037)		(219,037)	(238,329)
Charitable activities			8	(1,366,484)	(53,487)	(1,419,971)	(1,453,990)
Total resources expended				(1,585,521)	(53,487)	(1,639,008)	(1,692,319)
Net (losses)/gains on investments			12	(48,297)		(48,297)	563,281
Taxation			17	1,101		1,101	(1,101)
Net incoming	resources for	the year		827,449	296,513	1,123,962	1,414,221
Fund balances	at 1 February 2020			12,593,746	4,355	12,598,101	11,183,880
Fund balances	at 31January	2021		13,421,195	300,868	13,722,063	12,598,101

				Notes		2021	2020
Fixed assets
Tangible assets				18		660,265	531,794
Investment properties				19		1,821,466	1,521,466
Investments				20		6,249,012	6,159,538
						8,730,743	8,212,798
Current assets
Stocks					16,971		17,653
Debtors				21	15,610		60,394
Cash at bank and	in	hand			5,019,054		4,413,176
					5,051,635		4,491,223
Creditors: amounts		falling	due
within one year				22	(60,315)		(105,920)
Net current assets						4,991,320	4,385,303
Total assets less	current		liabilities			13,722,063	12,598,101
Income funds
Restricted funds				23		300,868	4,355
Unrestricted funds						13,421,195	12,593,746
						13,722,063	12,598,101

					Notes		2021	2020
Fixed assets
Tangible assets					18		597,105	464,410
Investment properties					19		1,821,466	1,521,466
Investments					20		6,289,012	6,199,538
							8,707,583	8,185,414
Current assets
Stocks						3,963		3,963
Debtors					21	99,245		108,869
Cash at bank	and	in	hand			4,978,577		4,396,858
						5,081,785		4,509,690
Creditors: amounts			falling	due
within one year					22	(55,438)		(97,004)
Net current	assets						5,026,347	4,412,686
Total assets	less	current		liabilities			13,733,930	12,598,100
Income funds
Restricted funds					23		300,868	4,355
Unrestricted	funds						13,433,062	12,593,745
							13,733,930	12,598,100
								28/10/2021

	Notes	Notes	2021		2020
Cash flows from operating activities
Net cash generated from operating
activities		27		682,436	709,335
Income taxes paid				1,101	(687)
Net cash inflow from operating activities				683,537	708,648
Investing activities
Puchase oftangible fixed assets		(182,445)			(47,677)
Purchase of investments		(926,828)			(4,113,803)
Purchase of investment properties					(1,521,466)
Proceeds on disposal of investments		789,057			3,974,288
Interest and dividends received		242,557			202,881
Net cash (used in) from investing activities				(77,659)	(1,505,777)
Net increase/(decrease) in cash and	cash	equivalents		605,878	(797,129)
Cash and cash equivalents brought	forward			4,413,176	5,210,305
Cash and cash equivalents carried forward				5,019,054	4,413,176

A summary of the below:-	f	inancial activitie	s undertaken by t	he Trust, as an individual un	dertaking, is as
				2021	2020
Incoming resources		from generated	funds	2,750,731	2,423,250
Cost of raising funds				(211,703)	(200,190)
Charitable activities				(1,354,902)	(1,372,120)
Total				1,184,126	850,940
Net (losses)/gains	on investments			(48,297)	563,281
Net income				1,135,829	1,414,221
Total funds brought		forward		12,598,101	11,183,880
Total funds carried		forward		13,733,930	12,598,101
Represented by:
Unrestricted funds				13,433,062	12,593,746
Restricted funds				300,868	4,355
				13,733,930	12,598,101

3.	Income from donations	Income from donations	and legacies
				2021	2020
				f.	F
	General donations	and	gifts	454,218	335,172
	Memberships			117,590	129,240
	Gift of property			300,000
	Legacies			1,525,777	1,610,044
				2,397,585	2,074,456

							2021	2020
							F	F
Income	from		listed investments				174,367	176,577
Income	from		investment		properties		57,987
Interest	receivable						9,208	26,304
							241,562	202,881
Income	from		other	trading		activities
							2021	2020
							F	F
Commercial		income		in trading		subsidiary	37,731	155,601
Other income
							2021	2020
							F	F
Training	income						103,179	94,808
Government			grants				24,759
Gain on	disposal of			fixed assets				11,173
Other income							5,350	5,441
							133,288	111,422

				Sclaff	Other	Total	Total
				costs	costs	2021	2020
				F		F	F
Costs ofgenerating		voluntary	income (note 9)	140,215	71,488	211,703	200,190
Commercial	trading	operations	costs ofsale		7,334	7,334	38,139
				140,215	78,882	219,037	238,329

Expenditure	on Charitable Activities
		Staff	Other	Total	Total
		costs	costs	2021	2020
Animal welfare (note 10)		735,434	374,056	1,109,490	1,125,503
Depreciation			53,974	53,974	61,424
Governance	costs	145,912	110,595	256,507	267,063
		881,346	538,625	1,419,971	1,453,990

Costs ofgen	erating voluntary income —Other cost	s
		2021	2020
		E	E
Other costs	comprise:
Telephone		2,720	1,949
Printing, postage and stationery		28,744	31,157
Motor and travelling			702
Advertising		18,484	20,824
Subscriptions	and fees	16,454	8,559
Hospitality		5,086	3,219
		71,488	66,410

Activities underta	k	en	directly
				2021	2020
					F
Other costs relating		to animal welfare comprise:
Feeding and cleaning				58,998	60,661
Light and heat				30,384	34,021
Maintenance ofpremises				125,420	141,663
Sundry equipment		and	repairs	30,111	29,384
Medical accessories				41,770	29,491
Medicines				20,945	36,636
Rescue expenses				384	1,110
Veterinary fees				15,772	8,148
Telephone				3,506	3,302
Motor and travelling				4,150	7,553
Sundry expenses				13,801	4,939
Staff training				7,772	18,232
Council tax				2,293	2,822
Insurance				9,517	8,458
Network computer		maintenance		9,233	9,923
				374,056	396,343
Governance costs
				2021	2020
				f.
Other Governance		costs comprise:
Bank charges and		interest		1,574	3,566
Legal and professional			fees	17,486	16,095
Sundry expenses				11,409	18,012
Auditor's remuneration				43,136	36,480
Investment management			fees	36,448	33,327
Repairs				240	1,173
Travel					70
Printing, postage	&stationery			302	989
Entertaining					130
				110,595	109,842

12.	Net	gains/(losses)	gains/(losses)	on investments	on investments	on investments
								2021	2020
								f.
	Net	unrealised	gains/(losses)			on revaluation	of investments	78,210	464,091
	Net	realised gains/(losses)			on	disposal of investments		(126,507)	99,190
								(48,297)	563,281

The av	erage monthly number ofemployees	during the year was:
		2021	2020
		Number	Number
Animal	welfare	28	27
Administration		14	14
Trading	subsidiary	7	7
Public	relations	2	2
		51	50
Employee costs
		2021	2020
		E	F
Wages	and salary	900,777	897,014
Social	security costs	75,542	71,295
Other pension costs		45,242	51,852
		1,021,561	1,020,161

2021	2020
Number	Number

Taxation
				2021	2020
					E
Current tax
UK corporation		tax (receivable)/payable	relating to
the trading	subsidiary			(1,101)	1,101

18. Tangible fixed	18. Tangible fixed	assets
		Long	Leasehold	Restricted		Motor	Total
		leasehold	improvements	fund	Medical	vehicles
Group		property		assets (note 23)	and office equipment
				F	E
Cost
At 1 February 2020		1,639,515	84,780	74,644	323,882	31,000	2,153,821
Additions		180532			1,913		182,445
At 31January	2021	1 820 047	84,780	74,644	325,795	31,000	2,336,266
Depreciation
At 1 February 2020		1,200,378	21,669	70,289	298,691	31,000	1,622,027
Charge for the year		36135	3,156	3,500	11,183		53,974
At 31January	2021	1,236,513	24,825	73,789	309,874	31,000	1,676,001
Net book value
At 31January	2021	583,534	59,955	855	15,921		660,265
At 31 January 2020		439,137	63 111	4,355	25,191		531,794
		Long	Leasehold	Restricted		Nlotor	Total
		leasehold	improvements	fund	Medical	vehicles
Trust		property		assets	and office
				(note 23)	equipment
					E
Cost
At 1 February 2020		1,639,515		74,644	258,931	31,000	2,004,090
Additions		180,532			1,913		182,445
At 31January	2021	1,820,047		74644	260,844	31,000	2,186,535
Depreciation
At 1 February 2020		1,200,378		70,289	238,013	31,000	1,539,680
Charge for the	year	36,135		3,500	10,115		49,750
At 31January	2021	1,236,513		73,789	248,128	31,000	1,589,430
Net Book Value
At 31January	2021	583,534		855	12,716		597,105
At 31 January 2020		439,137		4,355	20,918		464,410

Investment	properties	properties
			2021
			F
Fair value
At 1 February		2020	1,521,466
Property gifted		in the year	300,000
At 31 January		2021	1,821,466

Group		Listed	Cash in	Total
		Investments	porffolio
		F	F
Market value at 1 February	2020	6,095,119	64,419	6,159,538
Additions in the year		926,829		926,829
Disposals in the year		(864,495)	(51,070)	(915,565)
Revaluation in the year		78,210		78,210
Market value at 31January	2021	6,235,663	13,349	6,249,012
Historical cost:
At 31 January 2021		5,123,312	13,349	5,136,661
At 31 January 2020		4,939,750	64,419	5,004,169

Trust
		Listed	Cash in	Investment	Total
		Investments	portfolio	in subsidiary
Market value at 1 February	2020	6,095,119	64,419	40,000	6,199,538
Additions in the year		926,829			926,829
Disposals in the year		(864,495)	(51,070)		(915,565)
Revaluations in the year		78,210			78,210
Market value at 31January	2021	6,235,663	13,349	40,000	6„289,012
Historical cost:
At 31 January 2021		5,123,312	13,349	40,000	5,176,661
At 31 January 2020		4,939,750	64,419	40,000	5,044,169

	2021 we	re as follows:
			Capital	Turnover	Expenditure	Loss
			and	for the	for the	for the
			reserves	year	year	year
				f.	F	f.
			28,133	60,429	73,398	(12,969)
21.	Debtors			Group	Trust
			2021	2020	2021	2020
			E	E		E
	Amount	owed by group undertaking			88,198	48,475
	Other debtors		15,610	60,394	11,047	60,394
			15,610	60,394	99,245	108,869

						Movement	in funds
			Balance at		Incoming	Outgoing	Fund	Balance at
			1	February	Resources	Resources	Transfer	31 January
				2020		(inc. depreciation)		2021
				E	F	E		F
The Discworld		Foundation		4,355		3,500		855
Restricted	donation				50,000	49,987
Bequest of	property				300,000			300,000
				4,355	350,000	53,487		300,868

Pension and	other post-retirement	other post-retirement	benefit commitments
Defined contribution
				2021	2020
					E
Contributions	payable	in the year		45,242	51,853

Analysis o	fne	t a	ssets between funds
Group				Restricted	Unrestricted	Total
				Funds	Funds
					E
Fund balances		at	31 January 2021 are represented	by:
Tangible fixed		assets		855	659,410	660,265
Investments				300,000	5,949,012	6,249,012
Investment	properties				1,821,466	1,821,466
Current assets				13	5,051,622	5,051,635
Creditors: amount			falling due within one year		(60,315)	(60,315)
				300„868	13,421,195	13,722,063
Trust				Restricted	Unrestricted	Total
				Funds	Funds
				E
Fund balances		at	31 January 2021 are represented	by:
Tangible fixed		assets		855	596,250	597,105
Investments				300,000	5,989,012	6,289,012
Investment	properties				1,821,466	1,821,466
Current assets				13	5,081,772	5,081,785
Creditors:	amount		falling due within one year		(55,438)	(55,438)
				300,868	13„433,062	13,733,930

Cash generated from	o	peratio	ns
				2021	2020
				F	F
Surplus for the year				1,123,962	1,414,221
Adjustments for:
Taxation (credit)/charge				(1,101)	1,101
Investment income recognised			in net income	(242,557)	(202,881)
Unrealised (gains)/losses		on investments		48,297	(563,281)
Depreciation oftangible		fixed assets		53,974	61,424
Movements in working	capital:
Decrease in stock				682	2,688
(Increase)/decrease in	debtors			44,784	(9,701)
Increase/(decrease) in	creditors			(45,605)	5,764
Gifted property				(300,000)
Cash generated from operations				682,436	709,335