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2022-01-31-accounts

Charity Registration No. 286447

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

LEGAL AND ADMINISTRATIVE INFORMATION

______________

Charity number 286447
Principal address Aston Road
Haddenham
Buckinghamshire
HP17 8AF
Telephone 01844 292292
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 Secker
Glenn Gavin
Michael J Brown
Roger A Laishley
Auditors Citroen Wells
Devonshire House
1 Devonshire Street
London
W1W 5DR
Bankers Barclays Bank Plc
34 Market Square
Aylesbury
Buckinghamshire
HP20 1TT
Solicitors BDB Pitman LLP
One Bartholomew Cl
London
EC1A 7BL
Investment Advisors Close Brothers Asset Management
10 Crown Place
London
EC2A 4FT

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

CONTENTS

______________

Page
Chief Executive’s report 1
Trustees’ report 2 - 5
Statement of Trustees’ responsibilities 6
Independent Auditors’ report 7 - 9
Consolidated Statement of Financial Activities 10
Consolidated Balance Sheet 11
Balance Sheet of Trust 12
Consolidated statement of cash flows 13
Notes to the financial statements
 14 – 28

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

CHIEF EXECUTIVE’S REPORT FOR THE YEAR ENDED 31 JANUARY 2022

This year was surprisingly successful in spite of the Bird Flu restrictions and the ongoing precautionary measures taken to battle the Covid pandemic.

During 2021, the hospital treated more casualties than ever before. On any given day in July, the nursing teams were dealing with almost 2,000 overnight patients. Even with the continuing Covid precautions, the patients received the very best care available anywhere in the world.

Building projects, such as the proposed Education facility, were purposely delayed in the hope that the overinflated material costs and demand for builders caused by the Covid pandemic would subside. The horror stories of building projects being held in limbo indefinitely due to a global lack of materials and/or enforced lockdowns also supported our decision to delay. However, I am very pleased to now report that we are now on track for a 2022 commencement and are in a strong position to do so.

As with any hospital nearing 30 years of age, there are many building projects and replacement unit projects planned and awaiting commencement. Fortunately, due to careful management and a thrifty ethos, we are in a strong financial position to be able to complete all of these projects over the next 3 years – pandemics and other world factors permitting.

I am encouraged by and extend my special thanks to our Veterinary team who have successfully negotiated our medicine and equipment costs. Our specialist Vet is ensuring that we have the very best equipment and treatments for our patients at significantly discounted rates.

The demands made upon the Trust are continuing to grow. Expansion of the nursing team has begun so as to ensure we can remain open 24 hours, every day. 2021 has seen the addition of further nurses to the team to cover for maternity leave and to cope with ever growing patient numbers. I foresee this continuing throughout next year. These increased numbers as well as increases to the minimum wage limits and the newly introduced social care tax will all have a significant effect on our overall salary costs but I am confident that our careful management and rainy day reserves will allow us to cope with these increases and most other possible adverse financial events that may affect the Trust in the short to medium term. That said, our operational existence continues to rely heavily and almost exclusively on the generosity and support of the general public and I personally thank all those who continue to support the Trust either financially or by volunteering their time.

Importantly, the law has changed regarding some species in the U.K. Muntjac Deer and Grey Squirrels are no longer permitted to be released following treatment, as they are, in our opinion, incorrectly deemed as Alien Invasive species. This poses a massive issue to us, with a desperate need for more adjacent land to cope with the increasing number of deer that we are prohibited to release back into the wild. Whilst our scientists suggested to the Government that we sterilise any released patients and hence have no impact to the numbers of those species, so far this has fallen on deaf ears. The Trustees and I will therefore actively pursue the purchase of some local land and we have designated reserves towards this possible purchase.

The hospital continues to lead the World in its field and I am very proud of the Trustees, teams and specialist advisors we have. The future continues to look bright for Britain’s wildlife.

Colin Stocker

Chief Executive and Director of Clinical Services

1

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JANUARY 2022

The Trustees present their report with the financial statements of the Group for the year ended 31 January 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: 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) (effective 1 January 2019).

Objectives and activities

The Trust’s objects are the rescue, medical treatment, rehabilitation and, wherever possible, the release of sick and injured wild birds and other animals in need of care and attention and the education of the public in methods of treatment, nursing and conservation. The policies adopted in furtherance of these objects are to seek additional finance and support, to continue to run the hospital and provide for the aims as stated and there has been no change in these during the year.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities. Parts of the Trust's premises are open to the public and volunteering opportunities are open to all.

The Trust's work has broadened in recent years to encompass the following:

Communicating with a wider worldwide audience through television, national newspapers and the internet.

Educating the general public (but especially the younger generation) and the veterinary world by utilising the Miriam Burnett Education Centre of Excellence.

Provision of information and resources to other wildlife centres and charities.

The Trustees consider that the performance of the Trust and its trading subsidiary has been satisfactory for the year given the poor economic conditions.

The Trustees are continuing with both the existing policies of generating voluntary income and seeking new publicity for the hospital, including television appearances, in order to increase public awareness of the work of the Trust in order to maintain the levels of income achieved.

Achievements and performance

Details of income and expenditure for the year are shown on page 10.

Total incoming resources amounted to £3,279,714 (2021: £2,810,166), an increase of £469,548 when compared with the previous year.

The Trust is almost entirely reliant on the goodwill and generosity of members of the public. With no government funding at all and virtually no corporate support, the running costs of the Trust are met overwhelmingly through donations by the public. Most of the Trust's income is from membership subscriptions, bequests and legacies - with bequests and legacies making up the largest proportion. Bequests have remained at a fairly high level over recent years but there is no guarantee that they will continue.

The Trust also relies heavily on the vital work carried out by the unpaid volunteers whose dedication to the aims of the Trust is so much appreciated.

Total expenditure in the year amounted to £1,874,991 (2021: £1,639,008), an increase of £235,983 when compared with the previous year. Direct charitable expenditure on animal welfare also increased to £1,309,873 from £1,109,490 when compared with the previous year.

2

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

Achievements and performance (continued)

Total assets less liabilities amounted to £15,743,076 (2021: £13,722,063), which is represented by the accumulated balances on the unrestricted income funds (including the reserves of the subsidiary) and the restricted funds.

This year has been a less challenging one than the last, thank goodness. We are delighted with the sterling efforts put in by the team at the hospital, who continue to offer amazing patient care, even with Bird Flu restrictions still in place.

Thanks to regular correspondence and video meetings, we have our finger on the pulse of developments and projects at Tiggywinkles. We have been encouraged to learn of and see the various replacement equipment and units that are happening. The hospital is nearly 30 years old and many of the wooden structures, aviaries, flights and sheds are gradually being replaced. Also, we are looking to replace the rescue vehicles with a new electric fleet, which we feel is an important step towards zero carbon. We have always striven to maintain our environmental centre of excellence status and remain at the cutting edge of environmental impact.

While the patient numbers are ever increasing, we are in a solid financial position to be able to continue expansion of the facilities. This year has seen much-needed additional staff brought in and this will continue as casualty numbers rise. We remain mindful that a high proportion of the income of the Trust comprises voluntary legacies from kind members of the public and as such, is not guaranteed. Therefore, we have professional advisors and an investment committee who keep a close eye on the Trust’s finances. Avenues for future support and security for the long term are continually being sought.

We welcome again Roger Laishley to the Board of Trustees. His knowledge of wildlife and history of running a successful graphic design business will prove a fantastic skill set to bring to the board. We are delighted to have him.

Reserves policy

The unrestricted funds available are sufficient to permit the Trust to continue in operation for the foreseeable future. All unrestricted funds of the Trust are held for its general purposes.

The policy of the Trust is to maintain unrestricted funds, which are free reserves of the Trust, at at least three times the level of unrestricted expenditure. This provides for sufficient funds to be available for all management and administration costs as well as ensuring that adequate funds continue to be available in the long term for the costs of running the hospital at current and increased levels of activity without undue reliance on the receipt of current income.

The Trustees are pleased to report that the accumulated free reserves are in excess of this base level requirement at the year end at £15,743,076, despite the fact that the hospital continues to operate at full capacity at all times.

The level of unrestricted funds not only provides for a sound capital base but also ensures that the Trust has capital funds available for future expansion and modernisation of the hospital as this is required for increased activity and to provide improved facilities.

The Trustees have decided to designate £3,000,000 of the unrestricted funds towards the establishment of a formal education facility to complement the aims of the Trust and also for the possible acquisition of land adjoining the hospital site to allow further expansion.

Fund raising standards information

The Trust does not actively fundraise and does not hold any agreements with professional fundraisers or commercial participators. The costs of generating funds in the consolidated Statement of Financial Activities comprise solely of in-house costs incurred.

3

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

Investment policy and performance

The Trust Deed authorises the Trustees to make and hold investments using the funds of the Trust. Details of the investments held are given in Notes 19 and 20 on page 24 and 25. The Trustees also have power to hold funds on deposit with bankers as necessary. There are no restrictions on the Trust's power to invest.

The fixed asset investments have been revalued upwards by £617,731 to reflect their open market value at 31 January 2022 and the aggregated unrealised gains when compared to the original cost of these investments was £1,740,488, an increase of approximately 33%.

The investments are held in pooled investment accounts. The Trustees’ objectives are to seek long-term capital growth from capital not presently required to meet commitments nor earmarked for future projects, acting prudently and after taking professional advice whilst also achieving maximum income on cash funds.

When the Trust receives legacies or gifts of shares or other investments, these will generally be sold as soon as practical (unless they are investments, which the Trust already holds). This is in accordance with the Trustees’ ethical investment statement to never knowingly seek to invest in shares, bonds, or other investments of companies or organisations whose operations in part or whole might contradict the objectives of the Trust.

The Trust also continues to hold residential investment properties that are rented on the open market as detailed in Note 19 on page 24.

Risk management

The Trustees have assessed the major risks to which the Trust is exposed and produced risk assessments following good practice guidelines. The Trustees regularly review these risk assessments through the Trustees’ meetings. To mitigate risks, staff and volunteers are trained to the required level of competence. The Trustees are satisfied that systems are in place to mitigate their exposure to the major risks.

Plans for the future

Maintaining a contented and motivated workforce is vitally important to the success of our Charity. We soon plan to carry out a workforce-wide employment benchmarking process, utilising the help of a specialist employment consultant with the objective to bolster our already excellent staff retention levels, as well as attracting additional personnel as we look to expand our work.

We understand that it is our great people who make the organisation what it is and who keep us in our world-leading position.

The planned Education facility, which has sadly been delayed due to the Covid pandemic, will also help us to continue to train vets on our lifesaving techniques – ensuring that Britain’s vets have the best skills to treat wildlife in their own locality.

The board are happy with the future plans for Tiggywinkles to maintain education for all, from school children to specialist veterinarians.

4

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

Structure, governance and management

The Trust was established by a charitable trust deed on 1 February 1983 and registered with the Charity Commission on 5 April 1983.

The Trustees who served during the year were as follows:

Joan E Davis Michael Groth Louise M Secker Glenn Gavin Michael J Brown Roger A Laishley

The Trust is managed by the Board of Trustees who meet regularly to review the activities and performance of the Trust together with their advisors as necessary. Appointment of Trustees is governed by the Trust Deed. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing Trustee. There must be at least six serving Trustees but not more than ten.

The Trustees are generally appointed according to their various skills and knowledge of the aims and aspirations of the Trust. In terms of induction, all new Trustees are provided with a Trustee's induction pack that includes a copy of the Trust deed and the Governance Code for the Third Sector and they are advised of available training. New Trustees are also supported and mentored by the existing Trustees. The Trustees are also familiar with the practical work of the Trust, having access to trust literature and detailed discussions at meetings of the work undertaken and aspirations of the work the Trust expects to carry out.

The day-to-day management of the Trust and the administration of the Wildlife Hospital is under the direct control of Colin Stocker, who works closely with the Board of Trustees in the management and administration of the Wildlife Hospital.

Wildlife Hospital Trading Limited, a company beneficially owned by the Trust, achieved satisfactory results in the year. The Company continues to provide the service for which it was created; that is the promotion of the activities of the Trust, principally through the sale of promotional goods and charging entrance fees for visits to the Hospital Visitors' Centre.

Disclosure of information to auditors

So far as the Trustees are aware, there is no relevant audit information of which the Group’s auditors are unaware. Additionally, the Trustees have taken all the necessary steps that they ought to have taken as Trustees in order to make themselves aware of all relevant audit information and to establish that the Group’s auditors are aware of that information.

The Trustees’ report was approved by the Board of Trustees and signed on their behalf on 12 October 2022:

Michael Groth Trustee

5

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 JANUARY 2022

____________

The Trustees are responsible for preparing the Trustees' Report and the 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 financial year, which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

6

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF THE WILDLIFE HOSPITAL TRUST

_________________

Opinion

We have audited the financial statements of The Wildlife Hospital Trust (the ‘Trust’) and its subsidiary (the ‘Group’) for the year ended 31 January 2022 which comprise a consolidated statement of financial activities, consolidated and Trust balance sheet, consolidated statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the Group and Trust in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group’s or Trust’s ability to continue as going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information within the annual report. Our opinion on the financial statements does not cover the other information and, except otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

7

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

INDEPENDENT AUDITORS’ REPORT (CONTINUED) TO THE TRUSTEES OF THE WILDLIFE HOSPITAL TRUST

_________________

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities set out on page 6, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group’s and the parent Trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate or cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditors under section 151 of the Charities Act 2011 and report in accordance with the regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

8

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

INDEPENDENT AUDITORS’ REPORT (CONTINUED) TO THE TRUSTEES OF THE WILDLIFE HOSPITAL TRUST

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the Trust’s Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Trust's Trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trust and the Trust’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Citroen Wells 17 October 2022 Chartered Accountants Statutory Auditor Devonshire House 1 Devonshire Street London W1W 5DR

Citroen Wells is eligible for appointment as auditor of the Trust by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

9

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2022

___________
Notes
Unrestricted
Restricted
funds
funds
£
£
Incoming resources:
Donations and legacies
3
2,744,541
1,000
Investments
4
271,266
-
Trading activities
5
98,919
-
Other income
6
163,988
-
_
__
Total incoming resources
3,278,714
1,000
_
_
Resources expended:
Costs of generating funds
7
(202,252)
-
Charitable activities
8
(1,670,871)
(1,868)
_

Total resources expended
(1,873,123)
(1,868)
_

Net gains/(losses) on investments
12
617,731
-
Taxation
17
(1,441)
-
_

Net incoming resources for the year
2,021,881
(868)
Fund balances at 1 February 2021
13,421,195
300,868
_
___
Fund balances at 31 January 2022
15,443,076
300,000

 ____
Total
2022
£
2,745,541
271,266
98,919
163,988
_
3,279,714
_
(202,252)
(1,672,739)
_
(1,874,991)
_
617,731
(1,441)
_
2,021,013
13,722,063
_
15,743,076
 ____
Total
2021
£
2,397,585
241,562
37,731
133,288
_
2,810,166
_
(219,037)
(1,419,971)
_
(1,639,008)
_
(48,297)
1,101
_
1,123,962
12,598,101
_
13,722,063

10

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

CONSOLIDATED BALANCE SHEET AS AT 31 JANUARY 2022

CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2022		 CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2022		 CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2022		 CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2022		 CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2022		 CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2022
_____________
Notes 2022 2021
£ £ £ £
Fixed assets
Tangible assets 18 727,850 660,265
Investment properties 19 1,821,466 1,821,466
Investments 20 7,026,305 6,249,012
___ ___
9,575,621 8,730,743
Current assets
Stocks 12,951 16,971
Debtors 21 11,707 15,610
Cash at bank and in hand 6,219,199 5,019,054
__ __
6,243,857 5,051,635
Creditors: amounts falling due
within one year 22 (76,402) (60,315)
_ __
Net current assets 6,167,455 4,991,320
___ ____
Total assets less current liabilities 15,743,076 13,722,063
___ ___
Income funds
Restricted funds 23 300,000 300,868
Unrestricted funds 15,443,076 13,421,195
___ ____
15,743,076 13,722,063
___ ___

The financial statements were approved by the Board of Trustees and authorised for issue on 12 October 2022 and were signed on its behalf by:

Louise M Secker Michael Groth Trustee Trustee

11

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

BALANCE SHEET OF TRUST AS AT 31 JANUARY 2022

BALANCE SHEET OF TRUST
AS AT 31 JANUARY 2022		 BALANCE SHEET OF TRUST
AS AT 31 JANUARY 2022		 BALANCE SHEET OF TRUST
AS AT 31 JANUARY 2022		 BALANCE SHEET OF TRUST
AS AT 31 JANUARY 2022		 BALANCE SHEET OF TRUST
AS AT 31 JANUARY 2022		 BALANCE SHEET OF TRUST
AS AT 31 JANUARY 2022
_____________
Notes 2022 2021
£ £ £ £
Fixed assets
Tangible assets 18 667,227 597,105
Investment properties 19 1,821,466 1,821,466
Investments 20 7,066,305 6,289,012
___ ____
9,554,998 8,707,583
Current assets
Stocks 3,963 3,963
Debtors 21 96,755 99,245
Cash at bank and in hand 6,164,412 4,978,577
___ ___
6,265,130 5,081,785
Creditors:amounts falling due
within one year 22 (69,230) (55,438)
_ ___
Net current assets 6,195,900 5,026,347
___ ____
Total assets less current liabilities 15,750,898 13,733,930
___ ___
Income funds
Restricted funds 23 300,000 300,868
Unrestricted funds 15,450,898 13,433,062
___ ___
15,750,898 13,733,930
___ ___

The financial statements were approved by the Board of Trustees and authorised for issue on 12 October 2022 and were signed on its behalf by:

Louise M Secker Trustee

Michael Groth Trustee

12

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2022

_____________

Notes 2022 2021
£ £ £ £
Cash flows from operating activities
Net cash generated from operating
activities 27 1,213,603 682,436
Income taxes paid - 1,101
_ _
Net cash inflow from operating activities 1,213,603 683,537
Investing activities
Puchase of tangible fixed assets (125,162) (182,445)
Purchase of investments (724,613) (926,828)
Proceeds on disposal of investments 565,051 789,057
Interest and dividends received 271,266 242,557
_ __
Net cash (used in) from investing activities (13,458) (77,659)
_ ___
Net increase in cash and cash equivalents 1,200,145 605,878
Cash and cash equivalents brought forward 5,019,054 4,413,176
___ ___
Cash and cash equivalents carried forward 6,219,199
___		 5,019,054
___

Analysis of changes in net debt

The Trust does not have any debt, as such the net debt position is equivalent to the cash at bank and in hand. Changes in the net debt position are equivalent to the movement as shown on the statement of cash flows above.

13

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

_____________

1 Accounting Policies

1.1

Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts and have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Charities Act 2011.

These financial statements consolidate the results of the Trust and its wholly owned subsidiary undertaking on a line by line basis. Intra-group income and profits are eliminated fully on consolidation. A separate statement of financial activities for the Trust as an individual undertaking is presented in note 2.

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

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are presented in sterling which is the functional currency of the Group and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Key judgements and sources of estimation uncertainty

The preparation of financial statements requires management to make estimates, judgements and assumptions that affect reported income, expenses, assets and liabilities. However, the nature of estimation means that actual outcomes could differ from those estimates. The valuation of the investment properties, at fair value, has been valued on an open value basis at the year-end date by the Trustees. There is a degree of estimation involved in that each property is unique and the value can only ultimately be reliably tested in the market itself.

1.3 Income recognition

All income is recognised once the Group has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations and legacy income are recognised when the Trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the Trust is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Trust and it is probable that those conditions will be fulfilled in the reporting period.

Equipment and supplies donated to the Trust are included in the financial statements on a receipts basis at the Trustees’ valuation.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by the investment advisor of the dividend yield of the investment portfolio.

14

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

1. Accounting Policies (continued)

1.4 Income recognition (continued)

Income from the trading subsidiary represents amounts receivable for entrance fees, goods and services stated net of VAT and trade discounts.

Donated assets are recognised when control over the expected economic benefits that flow from the donation has passed to the Trust and are included in the financial statements at fair value on the date of acquisition, as determined by the Trustees.

1.5 Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Group to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Governance costs comprise all costs involving the public accountability of the Group and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees.

There are no support costs to be apportioned and allocated between the activities of the Trust because all relevant costs can be attributed directly to animal welfare activities.

The costs of generating funds comprise the costs of generating voluntary income as well as the cost of sales for the trading subsidiary of the Trust.

Costs of charitable activities include animal welfare costs, governance costs and depreciation.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold property 25 years on cost
Leasehold improvements 20 years on cost
Hedgehog enclosure 10 years on cost
Medical and office equipment 4 years on cost
Motor vehicles 4 years on cost

1.7 Investment properties

Investment properties which are properties held to earn rentals and/or capital appreciation, are measured using the fair value model and stated at their estimated fair values as at the reporting end date as determined by the Trustees. The surplus or deficit on revaluation is recognised in the Statement of Financial Activities.

1.8 Fixed asset investments

Investments are a form of basic financial instrument. Quoted investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The Group does not acquire put options, derivatives or other complex financial instruments. The investment in the subsidiary is stated at cost in the Trust’s own accounts.

15

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

1. Accounting Policies (continued)

1.9 Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

1.10 Inventories

Stocks comprise animal feed and goods held for resale.

Stocks are stated at the lower of cost and net realisable value or Trustees’ valuation. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

1.11 Pensions

Employees of the Group are entitled to join defined contribution schemes. The assets of these schemes are held separately from those of the Group in independently administered funds.

1.12 Foreign currency translation

Transactions denominated in foreign currencies are recorded at the rate ruling at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All differences are included in net income/expenditures.

1.13 Funds

The unrestricted fund consists of funds to be used for the purposes of the Trust's objectives at the discretion of the Trustees and for meeting ongoing governance costs. Restricted funds can only be used for particular restricted purposes within the objectives of the Trust. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.14 Taxation

The Trust is exempt from tax on its charitable activities.

Tax recovered from voluntary income received under gift aid is recognised when the related income is receivable and is allocated to the income category to which the income relates.

Current tax

The tax expense represents the sum of the tax currently payable in respect of the profits of the year of the subsidiary, Wildlife Hospital Trading Limited. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

16

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

1. Accounting Policies (continued)

1.15 Government grants

The Coronavirus Job Retention Scheme (CJRS) results in cash payments from the government to compensate employers for part of the wages, associated national insurance contributions (NICs) and employer pension contributions of employees who have been placed on furlough (i.e. placed on a temporary leave of absence from working for the employer).

The CJRS grant is recognised under the accrual or the performance model and is recognised as income on a systematic basis over the periods in which the Group recognises the related costs for which the grant is intended to compensate. As such the income from the grant is recognised on a straight line basis over the furlough period for each relevant employee.

2. Financial activities of the Trust

The financial activities shown in the consolidated statement of financial activities include those of the Trust’s wholly owned subsidiary.

A summary of the financial activities undertaken by the Trust, as an individual undertaking, is as set out below:-

Incoming resources from generated funds
Cost of raising funds
Charitable activities
Total
Net gains/(losses) on investments
Net income
Total funds brought forward
Total funds carried forward
Represented by:
Unrestricted funds
Restricted funds		 2022
£
3,174,060
(183,028)
(1,591,795)
_
1,399,237
617,731
_
2,016,968
13,733,930
_
15,750,898
_
15,450,898
300,000
___
15,750,898
 2021
£
2,750,731
(211,703)
(1,354,902)
_
1,184,126
(48,297)
_
1,135,829
12,598,101
_
13,733,930
_
13,433,062
300,868
___
13,733,930

17

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

3. Income from donations and legacies
2022 2021
£ £
General donations and gifts 920,517 454,218
Memberships 107,145 117,590
Gift of property - 300,000
Legacies 1,717,879 1,525,777
__ __
2,745,541 2,397,585
__ __
Income from general donations and gifts included £1,000 (2021 - £350,000) of restricted funds.
4. Income from investments
2022 2021
£ £
Income from listed investments 213,162 174,367
Income from investment properties 56,853 57,987
Interest receivable 1,251 9,208
_ _
271,266 241,562
_ _
5. Income from other trading activities
2022 2021
£ £
Commercial income in trading subsidiary 98,919 37,731
_ _
6. Other income
2022 2021
£ £
Training income 143,376 103,179
Government grants 14,512 24,759
Other income 6,100 5,350
_ _
163,988
_		 133,288
_

18

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

7. Costs of generating funds

Costs of generating voluntary income (note 9)
Commercial trading operations costs of sale
8.
Expenditure on Charitable Activities
Animal welfare (note 10)
Depreciation
Governance costs (note 11)		 Staff
costs
£
119,698
-
_
119,698
_
Staff
costs
£
862,311
-
161,517
_
1,023,828
 Other
costs
£
63,330
19,224
_
82,554
_
Other
costs
£
447,562
57,577
143,772
_
648,911
 Total
2022
£
183,028
19,224
_
202,252
_
Total
2022
£
1,309,873
57,577
305,289
__
1,672,739
 Total
2021
£
211,703
7,334
_
219,037
_
Total
2021
£
1,109,490
53,974
256,507
__
1,419,971
_

There are no support costs as all costs are allocated directly to animal welfare activities or are included in governance costs.

£1,868 (2021 - £53,487) of the above costs are attributable to restricted funds.

9. Costs of generating voluntary income – Other costs

Telephone
Printing, postage and stationery
Advertising
Subscriptions and fees
Hospitality		 2022
£
1,271
25,664
18,667
14,935
2,793
__
63,330
 2021
£
2,720
28,744
18,484
16,454
5,086
__
71,488

19

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

10. Animal Welfare – Other costs

Feeding and cleaning
Light and heat
Maintenance of premises
Sundry equipment and repairs
Medical accessories
Medicines
Rescue expenses
Veterinary fees
Telephone
Motor and travelling
Sundry expenses
Staff training
Council tax
Insurance
Network computer maintenance
11.
Governance costs – Other costs
Bank charges and interest
Legal and professional fees
Sundry expenses
Auditor’s remuneration
Investment management fees
Foreign tax deducted
Repairs
Printing, postage & stationery
_
 2022
£
63,769
37,062
172,335
33,075
23,105
37,763
1,151
6,659
12,643
5,394
9,226
18,715
3,441
10,838
11,936
_
447,112
_
2022
£
3,014
26,331
15,791
44,563
43,211
10,389
-
473
_
143,772
 2021
£
58,998
30,384
125,420
30,111
41,770
20,945
384
15,772
3,506
4,150
13,801
7,772
2,293
9,517
9,233
__
374,056
_
2021
£
1,574
17,486
11,409
43,136
36,448
-
240
302
_
110,595

The auditor’s total remuneration includes £24,979 (2021: £26,340) for non-audit services and £6,844 (2021: £6,139) of irrecoverable VAT.

20

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

12. Net gains/(losses) on investments

Net unrealised gains/(losses) on revaluation of investments
Net realised gains/(losses) on disposal of investments		 2022
£
620,817
(3,086)
__
617,731
 2021
£
78,210
(126,507)
__
(48,297)

13. Trustees’ remuneration and benefits

None of the Trustees received any remuneration or benefits from the Trust during the year (2021: Nil).

14. Trustees’ expenses

There were no Trustees’ expenses paid for the year (2021: Nil).

15. Employees

Number of employees

The average monthly number of employees during the year was:

Animal welfare
Administration
Trading subsidiary
Public relations
Employee costs
Wages and salary
Social security costs
Pension costs		 2022
Number
29
15
7
2
_
53
_
2022
£
1,009,000
83,391
51,135
__
1,143,526
 2021
Number
28
14
7
2
__
51
_
2021
£
900,777
75,542
45,242
_
1,021,561

21

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

15. Employees (Continued)

Higher paid staff

The number of employees whose remuneration was £60,000 or more were:

£80,001 - £90,000
 2022
Number
2
 2021
Number
2

Pension contributions for higher paid staff during the year were £5,804 (2021: £8,310). The number of higher paid employees for whom retirement benefits are accruing under money purchase pension schemes amounts to 2 (2021: 2).

16. Key management personnel

The key management personnel of the Trust comprise of the Chief Executive and senior management team as listed under the legal and administration information. The total amount of the employee benefits (including employer pension contributions) received by the key management personnel for their services to the Trust was £287,063 (2021: £307,707).

17. Taxation

Current tax
UK corporation tax (receivable)/payable relating to
the trading subsidiary		 2022
£
1,441
 2021
£
(1,101)

22

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

18. Tangible fixed assets

Group
Cost
At 1 February 2021
Additions
At 31 January 2022
Depreciation
At 1 February 2021
Charge for the year
At 31 January 2022
Net book value
At 31 January 2022
At 31 January 2021
Trust
Cost
At 1 February 2021
Additions
At 31 January 2022
Depreciation
At 1 February 2021
Charge for the year
At 31 January 2022		 Long
leasehold
property
Leasehold
improvements
Restricted
fund
assets
(note 23)
Medical
and office
equipment
Motor
vehicles
Total


£
£
£
£
£
£
1,820,047
84,780
74,644
325,795
31,000
2,336,266
60,313
-
-
11,909
52,940
125,162
1,880,360
84,780
74,644
337,704
83,940
2,461,428
1,236,513
24,825
73,789
309,874
31,000
1,676,001
40,490
2,998
855
7,168
6,066
57,577
1,277,003
27,823
74,644
317,042
37,066
1,733,578
603,357
56,957
-
20,662
46,874
727,850
583,534
59,955
855
15,921
-
660,265
Long
leasehold
property
Leasehold
improvements
Restricted
fund
assets
(note 23)
Medical
and office
equipment
Motor
vehicles
Total
£
£
£
£
£
£
1,820,047
-
74,644
260,844
31,000
2,186,535
60,313
-
-
10,571
52,940
123,824
1,880,360
-
74,644
271,415
83,940
2,310,359
1,236,513
-
73,789
248,128
31,000
1,589,430
40,490
-
855
6,291
6,066
53,702
1,277,003
-
74,644
254,419
37,066
1,643,132
Net Book Value
At 31 January 2022		 603,357
-
-
16,996
46,874
667,227
At 31 January 2021 583,534
-
855
12,716
-
597,105

23

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

19. Investment properties

Investment properties
2022
£
Fair value
At 1 February 2021 and 31 January 2022 1,821,466

Investment properties are included in the accounts at the Trustees’ estimate of the market values at the balance sheet date. Investment properties includes £300,000 (2021 - £300,000) of restricted funds.

20. Fixed asset investments

Group
Listed
Investments
£
Market value at 1 February 2021
6,235,663
Additions in the year
574,004
Disposals in the year
(568,137)
Revaluation in the year
620,817
_
Market value at 31 January 2022
6,862,347
_
Historical cost:
At 31 January 2022
5,121,859
__
At 31 January 2021
5,123,312
 Cash in
portfolio
£
13,349
150,609
-
-
_
163,958
_
163,958
______
13,349
 Total
£
6,249,012
724,613
(568,137)
620,817
__
7,026,305
__
5,285,817
__
5,136,661

24

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

20. Fixed asset investments (continued)

Trust

Listed
Cash in
Investment
Investments
portfolio
in subsidiary
£ £ £
Market value at 1 February 2021
6,235,663
13,349
40,000
Additions in the year
574,004
150,609
-
Disposals in the year
(568,137)
-
-
Revaluations in the year
620,817
-
-
__
__
__
Market value at 31 January 2022
6,862,347
163,958
40,000
__
_
_
Historical cost:
At 31 January 2022
5,121,859
163,958
40,000
__
_
_____
At 31 January 2021
5,123,312
13,349
40,000
 Total
£
6,289,012
724,613
(568,137)
620,817
__
7,066,305
__
5,325,817
__
5,176,661

Investment in subsidiary

The Trust beneficially owns 100% of the allotted share capital of Wildlife Hospital Trading Limited (‘WHTL’), a company registered in England. WHTL’s company number is 02673000. WHTL has principally been engaged in the sale of promotional goods and the running of the visitor centre for the benefit of the Trust.

The aggregate amount of capital and reserves and the results of WHTL for the year ended 31 January 2022 were as follows:

Capital
Turnover		 Expenditure Profit
and for the for the for the
reserves year year year
£ £ £ £
32,178 98,919 93,433 5,486
_
_		 _ _
21. Debtors Group Trust
2022 2021 2022 2021
£ £ £ £
Amount owed by group undertaking - - 85,048 88,198
Other debtors 11,707 15,610 11,707 11,047
_ ______ _ _
11,707
_		 15,610
______		 96,755
_		 99,245
_

Amounts owed by group undertakings includes £40,000 (2021 - £45,000) falling due after one year.

25

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

22. Creditors: amounts falling due within one year

Group Group Trust Trust
2022 2021 2022 2021
£ £ £ £
Taxation and social security costs 20,460 21,644 19,162 19,422
Other creditors 5,187 8,104 3,288 5,449
Accruals and deferred income 50,755 30,567 46,780 30,567
__ ______ __ __
76,402 60,315 69,230 55,438
__ __ __ __
Restricted funds
The income funds of the Trust include restricted funds comprising the following unexpended bala
of donations and grants held on trust for specific purposes:
Movement in funds
Balance at Incoming Outgoing Balance at
1 February Resources Resources 31 January
2021 (inc. depreciation) 2022
£ £ £ £
The Discworld Foundation 855 - (855) -
The Hobson Charity 13 - (13) -
Bequest of property 300,000 - - 300,000
The Hartnett Conservation
Trust - 1,000 (1,000) -
__ __ __ __
300,868 1,000 (1,868) 300,000
__ __ __ __

23. Restricted funds

The income funds of the Trust include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

During the year ended 31 January 2015, the Trust received a donation of £35,000 from The Discworld Foundation specifically for projects and activities of hedgehogs. The donation was used to pay for the majority of the costs incurred in building a new hedgehog facility that was capitalised under fixed assets.

During the year ended 31 January 2021, the Trust received a donation of £50,000 from The Hobson Charity towards non-salary related costs of feed and animal medical care during the Covid-19 pandemic. The Trust also received a donation of a residential property, valued at £300,000, with an existing tenant that occupies the property on a rent-free basis during her lifetime. The property becomes unrestricted on the earlier of the tenant vacating the property or on her death.

During the year ended 31 January 2022, the Trust received a donation of £1,000 from The Hartnett Conservation Trust towards non-salary related costs to the care of hedgehogs.

26

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

24. Pension and other post-retirement benefit commitments Defined contribution

2022
£
Contributions payable in the year
51,135
_
25.
Analysis of net assets between funds
Group
Restricted Unrestricted
Funds
Funds
£
£
Fund balances at 31 January 2022 are represented by:
Tangible fixed assets
-
727,850
Investments
-
7,026,305
Investment properties
300,000
1,521,466
Current assets
-
6,243,857
Creditors: amount falling due within one year
-
(76,402)
_
_
300,000
15,443,076
_
______
Trust
Restricted Unrestricted
Funds
Funds
£
£
Fund balances at 31 January 2022 are represented by:
Tangible fixed assets
-
667,227
Investments
-
7,066,305
Investment properties
300,000
1,521,466
Current assets
-
6,265,130
Creditors: amount falling due within one year
-
(69,230)
_
_
300,000
17,450,898

 2021
£
45,242
__
Total
£
727,850
7,026,305
1,821,466
6,243,857
(76,402)
_
15,743,076
_
Total
£
667,227
7,066,305
1,821,466
6,265,130
(69,230)
___
17,750,898

Further information on the restricted funds is disclosed in note 23.

The Trustees have decided to designate £3,000,000 of the unrestricted funds towards the establishment of a formal education facility to complement the aims of the Trust and also for the possible acquisition of land adjoining the hospital site to allow further expansion.

27

THE WILDLIFE HOSPITAL TRUST (TIGGYWINKLES) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

_____________

26. Related party transactions

There were no related party transactions for the year ended 31 January 2022 (2021: £Nil).

27. Cash generated from operations

Surplus for the year
Adjustments for:
Taxation charge/(credit)
Investment income recognised in net income
Unrealised (gains)/losses on investments
Depreciation of tangible fixed assets
Gifted property
Movements in working capital:
Decrease in stock
Decrease in debtors
Increase/(decrease) in creditors
Cash generated from operations		 2022
£
2,021,013
1,441
(271,266)
(617,731)
57,577
-
4,020
3,903
14,646
__
1,213,603
 2021
£
1,123,962
(1,101)
(242,557)
48,297
53,974
(300,000)
682
44,784
(45,605)
__
682,436

28