## 

## 

|Charity|number|number||286447|||
|---|---|---|---|---|---|---|
|Principal|address|||Aston Road|||
|||||Haddenham|||
|||||Bucking<br>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<br>Laishley (appointed||on 16October 2020)|
|Auditors||||Citroen Wells|||
|||||Devonshire<br>House|||
|||||1 Devonshire<br>Street|||
|||||London|||
|||||W1W 5DR|||
|Bankers||||Barclays Bank Plc|||
|||||34 Market Square|||
|||||Aylesbury|||
|||||Bucking<br>hamshire|||
|||||HP20 1TT|||
|Solicitors||||BDBPitman<br>LLP|||
|||||One Bartholomew|Cl||
|||||London|||
|||||EC1A7BL|||
|Investment||Advisors||Close Brothers Asset Management|||
|||||10Exchange Square,|||
|||||Primrose Street|||
|||||London|||
|||||EC2A 2BY|||





## 

## 

|||||Page|
|---|---|---|---|---|
|Chief Executive's<br>report|||||
|Trustees'<br>report||||2-5|
|Statement<br>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|





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## 

||||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|2021|2020|
||||||E||F|
|Incomin<br>resources:||||||||
|Donations<br>and|legacies|||2,047,585|350,000|2,397,585|2,074,456|
|Investments||||241,562||241,562|202,881|
|Trading<br>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<br>funds|||7|(219,037)||(219,037)|(238,329)|
|Charitable<br>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<br>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<br>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<br>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<br>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<br>activities||||||
|Net cash generated<br>from operating||||||
|activities||27||682,436|709,335|
|Income taxes paid||||1,101|(687)|
|Net cash inflow from operating<br>activities||||683,537|708,648|
|Investing<br>activities||||||
|Puchase oftangible<br>fixed assets||(182,445)|||(47,677)|
|Purchase of investments||(926,828)|||(4,113,803)|
|Purchase of investment<br>properties|||||(1,521,466)|
|Proceeds on disposal of investments||789,057|||3,974,288|
|Interest and dividends<br>received||242,557|||202,881|
|Net cash (used in) from investing<br>activities||||(77,659)|(1,505,777)|
|Net increase/(decrease)<br>in cash and|cash|equivalents||605,878|(797,129)|
|Cash and cash equivalents<br>brought|forward|||4,413,176|5,210,305|
|Cash and cash equivalents<br>carried forward||||5,019,054|4,413,176|



## 



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## 



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## 

## 

|A summary<br>of the <br>below:-|f|inancial<br>activitie|s<br>undertaken<br>by t|he Trust, as an individual<br>un|dertaking,<br>is as|
|---|---|---|---|---|---|
|||||2021|2020|
|Incoming<br>resources||from generated|funds|2,750,731|2,423,250|
|Cost of raising funds||||(211,703)|(200,190)|
|Charitable<br>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<br>by:||||||
|Unrestricted<br>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<br>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<br>voluntary<br>income —Other cost|s||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Other costs|comprise:|||
|Telephone||2,720|1,949|
|Printing,<br>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<br>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<br>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<br>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<br>remuneration||||43,136|36,480|
|Investment<br>management|||fees|36,448|33,327|
|Repairs||||240|1,173|
|Travel|||||70|
|Printing,<br>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<br>monthly<br>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.<br>Tangible fixed|18.<br>Tangible fixed|assets||||||
|---|---|---|---|---|---|---|---|
|||Long|Leasehold|Restricted||Motor|Total|
|||leasehold|improvements|fund|Medical|vehicles||
|Group||property||assets<br>(note 23)|and office<br>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<br>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<br>in the year||926,829||926,829|
|Disposals<br>in the year||(864,495)|(51,070)|(915,565)|
|Revaluation<br>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<br>in the year||926,829|||926,829|
|Disposals<br>in the year||(864,495)|(51,070)||(915,565)|
|Revaluations<br>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|





## 

## 

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## 


## 

## 

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