Charity no. 294606
Holly Hedge Animal Sanctuary Report and Unaudited Financial Statements
31 March 2021
Holly Hedge Animal Sanctuary
Reference and administrative details
| For theyear ended 31 | March 2021 | |
|---|---|---|
| Charity number | 294606 | |
| Registered office and | Holly Hedge Sanctuary | |
| operational address | Wild Country Lane | |
| Barrow Gurney | ||
| Bristol | ||
| BS48 3SE | ||
| Trustees | The trustees who served during the year and up to the date of this report | |
| were as follows: | ||
| Sandra Bingley | ||
| Nicola Katherine Leeson | ||
| Pauline Leeson-Magry, Founder | ||
| Janet Temperton | (appointed 1 April 2020) | |
| General manager | Sarah Schranz | (resigned 1 July 2020) |
| Bankers | Royal Bank of Scotland PLC | NatWest Bank PLC |
| Drummond House | 32 Corn Street | |
| 1 Redheughs Avenue | Bristol | |
| Edinburgh | BS1 1HQ | |
| EH12 9JN | ||
| Independent | Godfrey Wilson Limited | |
| examiners | Chartered accountants and statutory auditors | |
| 5th Floor Mariner House | ||
| 62 Prince Street | ||
| Bristol | ||
| BS1 4QD |
1
Holly Hedge Animal Sanctuary
Report of the trustees
For the year ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
Objectives and activities
The police, social services, vets and general public refer dogs and cats to the sanctuary, the list not being exhaustive.
The main objectives are the care, protection, rehabilitation and finding suitable homes for unwanted dogs and cats. Reducing unwanted animals in the future by neutering every animal taken in and to educate the public on animal welfare and promote responsible pet ownership.
Any wildlife found injured on Holly Hedge land is referred to Secret World Wildlife Rescue in Highbridge, Somerset or taken to the vets.
The charity has always achieved its aims and objectives by holding educational talks and varied fundraising events, however, due to the pandemic these events have not been possible but on-line events have taken place and legacies and donations have been received.
The Holly Hedge shop has been closed during lockdown periods. Due to the effects of the pandemic fundraising and shop takings are reduced.
Achievements and performance - charitable activities
The Charity passed Inspection by ACDH.
144 dogs and 320 cats were adopted during the financial year. Numbers down from the previous year due to covid restrictions.
The workforce carried out their duties under very difficult circumstances with staff being placed on furlough and strict covid rules and regulations adhered to.
Holly Hedge enjoys an excellent reputation with high standards. The public return to adopt animals and recommend others looking to adopt.
The Nailsea shop takings amounted to £19,341 with a further £10,000 received from a government grant due to Covid. The shop closed during each lockdown period. Final figures are shown in the accounts.
No major purchases were made during the year as strict financial controls were put in place.
Structure, governance and management
Trustees are elected at the AGM with a criteria of having been a member for a minimum of 18 months. They can serve for a period of 3 years and can be re-elected after this period for another term.
2
Holly Hedge Animal Sanctuary
Report of the trustees
For the year ended 31 March 2021
Trustees can appoint a member to fill in a vacancy to hold office until the next AGM. Regular meetings are held at least every two months. A chairperson is elected and all the trustees are responsible for financial management, corporate planning, staffing and ensuring the work and aims of the charity i.e., to take in, care, protect, rehabilitate, provide veterinary treatment and find suitable loving homes for dogs and cats.
The trustees are responsible for planning, policy and financial arrangements.
A Kennel Manager and Cattery Manager are appointed who are responsible for the day to day running of their departments. The General Manager resigned at the end of July 2020 with no replacement thus, saving the sanctuary monies. Until we replace the General Manager the Trustees are responsible for the running of the Sanctuary.
Health and Safety best practice assessments are carried out regularly. Three trustees, Pauline Leeson-Magry, Nicky Leeson and Sandie Bingley are directors and shareholders in Holly Hedge Retail Ltd, a charity shop run in Nailsea, Bristol, managed by one employee who has responsibility for running the shop and overseeing volunteer help in the shop. Regular financial updates are given to the trustees. The shop manager was put on furlough whilst the shop was closed during lockdown.
All the trustees have the responsibility for land management at the Holly Hedge site and two paddocks adjoining the sanctuary.
Public benefit
Guidance published by the Charity Commission on public benefit is given due regard by the trustees.
Risk management
Due to Covid and being unable to fundraise the only investment held, which matured on 2 February 2021 amounting to £86,068 was placed in general funds and no investment managers are now employed. The trustees keep a close check on expenditure to ensure funds are being spent wisely.
Financial review
Income from fundraising events usually held were cancelled due to the pandemic. However, online events were carried out. Legacies and donations were received. Commission continues to be received from the sale of insurance policies for animals who have been rehomed. VAT is reclaimed. The Nailsea shop contributes funds to the charity.
Due to the pandemic funds are vastly reduced, the investment of £86,000 on maturity was placed in general funds. There are no investments held with all monies split between bank current and savings accounts for running expenses at the Sanctuary.
Incoming funds were increased from £574,202 to £755,452 (analysis shown in accounts) which includes a £25,000 Government Covid grant from North Somerset Council and £48,243 of furlough grant income.
Veterinary costs and staff salaries are the two main expenses to the charity.
A surplus of £98,976 was achieved (£48,243 of which relates to wages costs saved due to Covid furlough scheme).
3
Holly Hedge Animal Sanctuary
Report of the trustees
For the year ended 31 March 2021
Staffing
The staff are thanked for their work and care of the animals under very difficult circumstances during the pandemic. Strict Covid regulations were adhered to. Volunteers, fundraisers and donors are also thanked for their support.
Statement of responsibilities of the trustees
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which 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 constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Independent examiners
Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 30 November 2021 and signed on their behalf by
Pauline Leeson-Magry
Pauline Leeson Trustee
4
Independent examiner's report
To the trustees of
Holly Hedge Animal Sanctuary
I report to the trustees on my examination of the accounts of Holly Hedge Animal Sanctuary (the charity) for the year ended 31 March 2021, which are set out on pages 6 to 23.
Responsibilities and basis of report
As trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
(1) accounting records were not kept in respect of the charity as required by section 130 of the Act;
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(2) the accounts do not accord with those records; or
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(3) the accounts do 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 no concerns and 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.
Alison Godfrey
Date: 2 December 2021 Alison Godfrey FCA Member of the ICAEW For and on behalf of:
Godfrey Wilson Limited
Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
5
Holly Hedge Animal Sanctuary
Statement of financial activities
For the year ended 31 March 2021
| Restricted Note £ Income from: Donations and legacies 3 11,867 Charitable activities: Animal welfare 4 15,600 Conservation 4 - Other trading activities 5 - Investments - Total income 27,467 Expenditure on: Raising funds - Charitable activities 3,912 Total expenditure 7 3,912 Net losses on investments - Net income / (expenditure) 23,555 Transfers between funds (815) Net movement in funds 8 22,740 Reconciliation of funds: Total funds brought forward 15,400 Total funds carried forward 38,140 |
Unrestricted £ 598,705 54,226 - 73,798 1,256 727,985 55,949 596,719 652,668 104 75,421 815 76,236 1,733,691 1,809,927 |
2021 Total £ 610,572 69,826 - 73,798 1,256 755,452 55,949 600,631 656,580 104 98,976 - 98,976 1,749,091 1,848,067 |
2020 Total £ 358,472 88,518 52,391 72,611 2,210 |
|---|---|---|---|
| 574,202 | |||
| 54,204 613,440 |
|||
| 667,644 | |||
| (297) | |||
| (93,739) - |
|||
| (93,739) 1,842,830 |
|||
| 1,749,091 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 17 to the accounts.
6
Holly Hedge Animal Sanctuary
Balance sheet
As at 31 March 2021
| Note Fixed assets Tangible assets 11 Investments 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Liabilities Creditors: amounts falling due within 1 year 15 Net current assets Net assets 16 Funds 17 Restricted funds Unrestricted funds Total charity funds |
£ 1,193 48,892 483,888 533,973 (41,718) |
2021 £ 1,355,393 419 1,355,812 492,255 1,848,067 38,140 1,809,927 1,848,067 |
2020 £ 1,409,713 315 |
|---|---|---|---|
| 1,410,028 2,623 46,317 320,570 |
|||
| 369,510 (30,447) |
|||
| 339,063 | |||
| 1,749,091 | |||
| 15,400 1,733,691 |
|||
| 1,749,091 |
Approved by the trustees on 30 November 2021 and signed on their behalf by
Pauline Leeson-Magry
Pauline Leeson - Trustee
7
Holly Hedge Animal Sanctuary
Statement of cash flows
For the year ended 31 March 2021
| Net movement in funds Adjustments for: Depreciation charges (Gains) / losses on investments Dividends, interest and rents from investments Decrease / (increase) in stock Decrease / (increase) in debtors Increase / (decrease) in creditors Net cash provided by / (used in) operating activities Cash flows from investing activities: Dividends, interest and rents from investments Purchase of tangible fixed assets Net cash provided by / (used in) investing activities Increase / (decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2021 £ 98,976 55,135 (104) (1,256) 1,430 (2,575) 11,271 162,877 1,256 (815) 441 163,318 320,570 483,888 |
2020 £ (93,739) 55,150 297 (2,210) (2,623) 20,669 3,108 |
|---|---|---|
| (19,348) | ||
| 2,210 (138,771) |
||
| (136,561) | ||
| (155,909) 476,479 |
||
| 320,570 |
The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.
8
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Holly Hedge Animal Sanctuary meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
b) Group accounts
The charity has one wholly controlled subsidiary, Holly Hedge Retail Limited (registered company number 7365296). Holly Hedge Animal Sanctuary has taken advantage of the exemption under the Charities SORP FRS102 to prepare group accounts on the basis that the consolidated income is less than £1m. The accounts of Holly Hedge Retail Limited are publicly available from Companies House.
c) Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, despite the impact of the ongoing Covid-19 pandemic. The charity holds unrestricted net current assets of £454,115 and a cash balance of £483,888. The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.
d) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
9
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
1. Accounting policies (continued)
e) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
The charity receives donations of pet food which are not recognised as a gift in kind as the value cannot be estimated reliably.
f) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
g) Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
h) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
i) Allocation of support and governance costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between the cost of raising funds and expenditure on charitable activities based on the proportion of staff costs as follows: 2021 2020 Raising funds 10.3% 9.8% Charitable activities 89.7% 90.2%
10
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
1. Accounting policies (continued)
j) Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Land Not depreciated Buildings 2.5% straight line Plant and machinery 25% straight line Fixtures and fittings 15% straight line Motor vehicles 25% straight line
Items of equipment are capitalised where the purchase price exceeds £1,000.
k) Investments
Investments held at the year end are valued at the current market value at that date. Investment income from dividends is included in incoming resources while realised and unrealised losses and gains on investments are shown separately on the statement of financial activities (SOFA). Realised gains and losses are calculated on investment disposals during the year as the difference between the opening market value and the proceeds received on sale. Unrealised gains and losses are calculated on investment holdings at the year end as the difference between the closing market value and the opening market value or purchase value during the year.
l) Stock
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
m) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
n) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
o) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
p) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
11
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
1. Accounting policies (continued)
q) Pension costs
The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.
r) Foreign currency transactions
Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.
s) Accounting estimates and key judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.
Depreciation
As described in note 1(j) to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.
12
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
2. Prior period comparatives: statement of financial activities
| Income from: Donations and legacies Charitable activities Animal welfare Conservation Other trading activities Investments Total income Expenditure on: Raising funds Charitable activities Total expenditure Net loss on investments Net income / (expenditure) Transfers between funds Net movement in funds 3. Income from donations and legacies Donations and grants Legacies Gift aid Coronavirus Job Retention Scheme Total income from donations and legacies |
Restricted £ £ 10,915 347,557 5,400 83,118 52,391 - - 72,611 - 2,210 68,706 505,496 - 54,204 5,815 607,625 5,815 661,829 - (297) 62,891 (156,630) (64,899) 64,899 (2,008) (91,731) Restricted £ £ 11,867 359,744 - 156,661 - 34,057 - 48,243 11,867 598,705 Unrestricted Unrestricted |
2020 Total £ 358,472 88,518 52,391 72,611 2,210 |
|---|---|---|
| 574,202 | ||
| 54,204 613,440 |
||
| 667,644 | ||
| (297) | ||
| (93,739) - |
||
| (93,739) | ||
| 2021 Total £ 371,611 156,661 34,057 48,243 |
||
| 610,572 |
13
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
3. Income from donations and legacies (continued) Prior period comparative:
| Income from donations and legacies (continued) Prior period comparative: |
||
|---|---|---|
| Donations Legacies Gift aid Total income from donations and legacies |
Restricted £ £ 10,915 225,624 - 107,802 - 14,131 10,915 347,557 Unrestricted |
2020 Total £ 236,539 107,802 14,131 |
| 358,472 |
4. Income from charitable activities
| Animal welfare: Grants Homing donations and reclaims Prior period comparative: Animal welfare: Grants Homing donations and reclaims Conservation: Grants |
Restricted £ £ 15,600 - - 54,226 15,600 54,226 Restricted £ £ 5,400 5,000 - 78,118 5,400 83,118 52,391 - Unrestricted Unrestricted |
2021 Total £ 15,600 54,226 |
|---|---|---|
| 69,826 | ||
| 2020 Total £ 10,400 78,118 |
||
| 88,518 | ||
| 52,391 |
14
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
5. Income from other trading activities
| Fundraising events Sales of goods Pet Plan commission Rent Total income from other trading activities |
Restricted £ £ - 40,047 - 6,285 - 23,459 - 4,007 - 73,798 Unrestricted |
2021 Total £ 40,047 6,285 23,459 4,007 73,798 |
2020 Total £ 43,953 8,070 20,588 - |
|---|---|---|---|
| 72,611 |
All income from other trading activities in 2020 was unrestricted.
6. Government grants
The charity received government grant support during Covid in the form of the furlough grant under the Coronavirus Job Retention Scheme and a grant from North Somerset Council. The total value of these grants in the period ending 31 March 2021 was £73,243 (2020: £nil). There are no unfulfilled conditions or contingencies attaching to these grants.
15
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
7. Total expenditure
| Total expenditure | ||||
|---|---|---|---|---|
| Fundraising expenses Staff costs (note 9) Rates, light and heat Vet fees Pet food and consumables Motor and travelling expenses Kennel block and cottage repairs Meadow maintenance repairs and renewals Kennel cleaning and waste management Sundry Depreciation Insurance Telephone Postage and stationery Computer costs Bank charges Legal, professional and accountancy Sub-total Total expenditure Allocation of support and governance costs |
Raising funds £ 7,569 23,478 - - - - - - - - - - - - - - - 31,047 24,902 55,949 |
Charitable activities £ - 204,788 - 155,189 7,615 1,362 5,813 513 6,396 1,756 - - - - - - - 383,432 217,199 600,631 |
Support and governance costs £ - 107,251 33,883 - - - - - - 54 55,135 16,241 2,781 3,032 8,880 3,368 11,476 242,101 (242,101) - |
2021 Total £ 7,569 335,517 33,883 155,189 7,615 1,362 5,813 513 6,396 1,810 55,135 16,241 2,781 3,032 8,880 3,368 11,476 |
| 656,580 - |
||||
| 656,580 |
Total governance costs were £3,236 (2020: £5,058)
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Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
7. Total expenditure (continued)
| Total expenditure (continued) | ||||
|---|---|---|---|---|
| Prior period comparative Fundraising expenses Staff costs (note 9) Training Rates, light and heat Vet fees Pet food and consumables Motor and travelling expenses Kennel block and cottage repairs Meadow maintenance repairs and renewals Kennel cleaning and waste management Sundry Depreciation Insurance Telephone Postage and stationery Computer costs Bank charges Legal, professional and accountancy Sub-total Total expenditure Allocation of support and governance costs |
Raising funds £ 8,444 23,764 - - - - - - - - - - - - - - - - 32,208 21,996 54,204 |
Charitable activities £ - 217,846 646 - 156,308 10,469 2,411 10,689 1,461 11,296 1,366 - - - - - - - 412,492 200,948 613,440 |
Support and governance costs £ - 82,917 - 49,454 - - - - - - 1,040 55,150 8,366 2,488 2,849 8,091 2,552 10,037 222,944 (222,944) - |
2020 Total £ 8,444 324,527 646 49,454 156,308 10,469 2,411 10,689 1,461 11,296 2,406 55,150 8,366 2,488 2,849 8,091 2,552 10,037 |
| 667,644 - |
||||
| 667,644 |
17
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
8. Net movement in funds
This is stated after charging:
| Depreciation Trustees' remuneration Trustees' reimbursed expenses Independent examiner's remuneration |
2021 £ 55,135 Nil Nil 3,200 |
2020 £ 55,150 Nil Nil 3,100 |
|---|---|---|
9. Staff costs and numbers
Staff costs were as follows:
| Salaries and wages Social security costs Pension costs |
2021 £ 319,278 12,506 3,733 335,517 |
2020 £ 308,499 12,462 3,566 |
|---|---|---|
| 324,527 |
No employee earned more than £60,000 during the year.
The key management personnel of the charity comprise the trustees, General Manager and Kennel & Cattery Managers (2020: the trustees, General Manager and Kennel & Cattery Manager). The total employee benefits of the key management personnel were £44,121 (2020: £43,535).
| Average head count | 2021 No. 29.4 |
2020 No. 31.0 |
|---|---|---|
10. Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
18
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
11. Tangible fixed assets
| Land and buildings £ Cost At 1 April 2020 2,161,241 Additions in year - At 31 March 2021 2,161,241 Depreciation At 1 April 2020 787,942 Charge for the year 44,582 At 31 March 2021 832,524 Net book value At 31 March 2021 1,328,717 At 31 March 2020 1,373,299 12. Investments Market value at 1 April 2020 Additions Disposals Realised and unrealised gains / (losses) Market value at 31 March 2021 Historical cost: At 31 March 13. Stock Merchandise |
Plant and machinery £ 30,918 - 30,918 29,596 1,322 30,918 - 1,322 |
Fixtures and fittings £ 128,903 815 129,718 96,584 8,076 104,660 25,058 32,319 |
Motor vehicles £ 15,021 - 15,021 12,248 1,155 13,403 1,618 2,773 2021 £ 315 - - 104 419 654 2021 £ 1,193 |
Total £ 2,336,083 815 |
|---|---|---|---|---|
| 2,336,898 | ||||
| 926,370 55,135 |
||||
| 981,505 | ||||
| 1,355,393 | ||||
| 1,409,713 | ||||
| 2020 £ 612 - - (297) |
||||
| 315 | ||||
| 654 | ||||
| 2020 £ 2,623 |
19
Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
14. Debtors
| Trade debtors Prepayments Other debtors VAT |
2021 £ 126 779 38,278 9,709 48,892 |
2020 £ 400 1,649 30,407 13,861 |
|---|---|---|
| 46,317 |
15. Creditors : amounts due within 1 year
| Creditors : amounts due within 1 year | ||
|---|---|---|
| Trade creditors Other creditors |
2021 £ 18,907 22,811 41,718 |
2020 £ 18,512 11,935 |
| 30,447 |
16. Analysis of net assets between funds
| Tangible fixed assets Investments Current assets Current liabilities Net assets at 31 March 2021 Prior year comparative Tangible fixed assets Investments Current assets Current liabilities Net assets at 31 March 2020 |
£ - - 38,140 - 38,140 £ - - 15,400 - 15,400 Restricted funds Restricted funds |
£ 1,355,393 419 495,833 (41,718) 1,809,927 £ 1,409,713 315 354,110 (30,447) 1,733,691 Unrestricted funds Unrestricted funds |
Total funds £ 1,355,393 419 533,973 (41,718) |
|---|---|---|---|
| 1,848,067 | |||
| Total funds £ 1,409,713 315 369,510 (30,447) |
|||
| 1,749,091 |
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Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
17. Movements in funds
| Movements in funds | |||||
|---|---|---|---|---|---|
| Restricted funds Cat garden New ambulance Feral cats Other restricted funds Total restricted funds General funds Total unrestricted funds Total funds Unrestricted funds |
At 1 April 2020 £ 10,000 5,400 - - 15,400 1,733,691 1,733,691 1,749,091 |
Income £ £ - - 17,200 - 440 - 9,827 (3,912) 27,467 (3,912) 727,985 (652,668) 727,985 (652,668) 755,452 (656,580) Expenditure |
£ - - - (815) (815) 815 815 - Transfers between funds |
Gains / losses £ £ - 10,000 - 22,600 - 440 - 5,100 - 38,140 104 1,809,927 104 1,809,927 104 1,848,067 At 31 March 2021 |
|
| 38,140 | |||||
| 1,809,927 | |||||
| 1,809,927 | |||||
| 1,848,067 |
Purposes of restricted funds
Cat garden
The cat garden fund represents funds for the refurbishment of the cat garden for the welfare and enrichment of the rescue cats.
New ambulance
The new ambulance fund represents funds for buying a new van to transport animals to the vet in as the current vehicle is old and very costly to run.
Feral cats
An intake of a colony of Feral Cats (McFluffster gang), we set up an enclosure specifically for them so they have a large space before they are able to be relocated. COVID-19 meant they had to remain in our care longer than may have been required otherwise.
Other restricted funds
Other restricted funds represent small donations for various projects as specified by the funder. In 2020/21 this included donation towards a particular animals' vet bills, a grant for the AstroTurf and the transfer to cover the cost of Tumble dryer.
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Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
17. Movements in funds (continued)
| Prior year comparative Restricted funds Annie's fund Meadow project Cat garden New ambulance Other restricted funds Total restricted funds General funds Total unrestricted funds Total funds Unrestricted funds |
At 1 April 2019 £ 4,900 12,508 - - - 17,408 1,825,422 1,825,422 1,842,830 |
Income £ £ - - 52,391 - 10,000 - 5,400 - 915 (5,815) 68,706 (5,815) 505,496 (661,829) 505,496 (661,829) 574,202 (667,644) Expenditure |
£ (4,900) (64,899) - - 4,900 (64,899) 64,899 64,899 - Transfers between funds |
Gains / losses £ - - - - - - (297) (297) (297) |
At 31 March 2020 £ - 10,000 5,400 - |
|---|---|---|---|---|---|
| 15,400 | |||||
| 1,733,691 | |||||
| 1,733,691 | |||||
| 1,749,091 |
18. Operating lease commitments
The charity had operating leases at the year end with total future minimum lease payments as follows:
| Amount falling due: Within 1 year Within 1 - 5 years Financial instruments Financial assets measured at fair value |
2021 £ 899 450 1,349 2021 £ 419 |
2020 £ 899 1,349 |
|---|---|---|
| 2,248 | ||
| 2020 £ 315 |
19. Financial instruments
Financial assets measured at fair value comprise listed investments.
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Holly Hedge Animal Sanctuary
Notes to the financial statements
For the year ended 31 March 2021
20. Related party transactions
Donations from trustees totalled £3,546 (2020: £nil).
S Bingley, N Leeson and P Leeson-Magry, trustees, hold 100% of the share capital of Holly Hedge Retail Limited. Holly Hedge Retail Limited is therefore a 100% subsidiary company of Holly Hedge Animal Sanctuary on the grounds of common control. During the year the charity received donations from Holly Hedge Retail Limited totalling £8,174 (2020: £14,171). At 31 March 2021 Holly Hedge Retail Limited owed £13,853 (2020: £18,392) to Holly Hedge Sanctuary.
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