Charity no. 294606
# **Holly Hedge Animal Sanctuary Report and Unaudited Financial Statements**
**31 March 2022**
## **Holly Hedge Animal Sanctuary**
## **Reference and administrative details**
|**For the year ended 31**|**March 2022**||
|---|---|---|
|**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||
|**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 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022.
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**
Police, Social Services, Vets and the general public refer cats and dogs 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 to 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. However, due to a very difficult two years, funds are depleted, but since covid restrictions have lifted the 2022/2023 figures will have vastly improved. This is because fundraising activities are in full force and more dogs and cats are being adopted. Legacies and donations were received during the 2021/2022 year.
The Holly Hedge shop, although closed for periods of time due to covid restrictions, was really busy when it opened and monthly figures were increased on the previous year’s comparative months.
## **Achievements and performance**
The Charity passed Inspection by ACDH.
96 dogs and 223 cats were adopted during the financial year. Covid restrictions, as in the previous year, affected adoption numbers.
The Staff carried out their duties throughout the various covid restriction periods with strict Rules and Regulations adhered to.
Holly Hedge enjoys an excellent reputation with high standards. The public often return to adopt animals and recommend others looking to adopt.
The Holly Hedge Shop made £19,188 of profit during the year. Final profit and loss 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 2022**
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 Manager is appointed who is responsible for the day to day 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.
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 all the restrictions put in place the sanctuary was closed to the general public. When restrictions were lifted new arrangements were put in place for potential adoptors. The dogs and cats were advertised on the website and persons interested in adopting were requested to complete an online form and, if successful in meeting our criteria, an appointment was made for them to meet the animal. Many people bought puppies from breeders during 2021/2022 and therefore our income from adoption donations are considerably down. The sanctuary still receives funds from legacies and donations. However, funds are substantially less and the trustees are keeping a very close eye on expenditure, checking to ensure funds are being spent wisely. Insurance premiums have been vastly reduced as another company was found, reducing costs.
## **Financial review**
Income from fundraising events usually held were cancelled again 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 and gift aid is reclaimed. The Nailsea shop contributes funds to the charity.
There are some small investments held, but all money is split between bank current and savings accounts for running expenses at the Sanctuary.
Incoming funds were £511,415, a decrease from £755,452 in 2021 (analysis shown in accounts).
Veterinary costs and staff salaries are the two main expenses to the charity.
The charity had a deficit of £65,958 in the year.
3
## **Holly Hedge Animal Sanctuary**
## **Report of the trustees**
## **For the year ended 31 March 2022**
## **Reserves policy**
The charity’s reserves policy is to hold 12 months’ worth of expenditure within unrestricted net current assets. At 31 March 2022 the charity holds £434,601, which is approximately 9 months of expenditure at 2022 levels. The trustees expect that this will rise in the near future after an anticipated legacy is received.
## **Staffing**
The staff are thanked for their work and care of the animals during the year. Volunteers, fundraisers and donors are also thanked for their support. There have been no alterations to the persons elected to the Board of Trustees.
## **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 10 December 2022 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 2022, 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;
- (2) the accounts do not accord with those records; or
- (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: 14 December 2022 **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 2022**
|Restricted
Note
£
**Income from:**
Donations and legacies
3
4,543
Charitable activities
4
5,000
Other trading activities
5
-
Investments
-
**Total income**
9,543
**Expenditure on:**
Raising funds
-
Charitable activities
1,844
**Total expenditure**
7
1,844
Net gains on investments
-
**Net income / (expenditure)**
7,699
Transfers between funds
(23,502)
**Net movement in funds**
8
(15,803)
**Reconciliation of funds:**
Total funds brought forward
38,140
**Total funds carried forward**
22,337|Unrestricted
£
387,606
43,220
70,985
61
501,872
23,071
552,489
575,560
31
(73,657)
23,502
(50,155)
1,809,927
1,759,772|**2022**
2021
**Total**
Total
**£**
£
**392,149**
610,572
**48,220**
69,826
**70,985**
73,798
**61**
1,256
**511,415**
755,452
**23,071**
55,949
**554,333**
600,631
**577,404**
656,580
**31**
104
**(65,958)**
98,976
**-**
-
**(65,958)**
98,976
**1,848,067**
1,749,091
**1,782,109**
1,848,067|
|---|---|---|
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 2022**
|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**|**£**
**545**
**55,677**
**423,902**
**480,124**
**(23,186)**|**2022**
**£**
**1,324,721**
**450**
**1,325,171**
**456,938**
**1,782,109**
**22,337**
**1,759,772**
**1,782,109**|2021
£
1,355,393
419|
|---|---|---|---|
||||1,355,812
1,193
48,892
483,888|
||||533,973
(41,718)|
||||492,255|
||||1,848,067|
||||38,140
1,809,927|
||||1,848,067|
Approved by the trustees on 10 December 2022 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 2022**
|**Net movement in funds**
Adjustments for:
Depreciation charges
Gains on investments
Dividends, interest and rents from investments
Decrease in stock
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**|**2022**
**£**
**(65,958)**
**55,528**
**(31)**
**(61)**
**648**
**(6,785)**
**(18,532)**
**(35,191)**
**61**
**(24,856)**
**(24,795)**
**(59,986)**
**483,888**
**423,902**|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|
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 2022**
## **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, which the trustees consider appropriate having regard to the current level of unrestricted reserves. The charity holds unrestricted net current assets of £434,601 and a cash balance of £423,902. There are no material uncertainties about the charity's ability to continue as a going concern.
## **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 2022**
## **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) Donated stock not recognised**
Donated items of stock for resale or distribution are not included in the financial statements until they are sold or distributed because the Trustees consider it impractical to be able to assess the amount of donated stocks as there are no systems in place which record these items until they are sold and undertaking a stock take would incur undue cost for the charity which far outweigh the benefits.
## **g) 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.
## **h) 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.
## **i) 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.
## **j) Redundancy costs**
Where an employee receives a termination benefit the full cost is recognised at the date the employee is notified.
10
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
**1. Accounting policies (continued)**
## **k) 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:
||**2022**|2021|
|---|---|---|
|Raising funds|**3.9%**|10.3%|
|Charitable activities|**96.1%**|89.7%|
## **l) 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.
## **m) 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.
## **n) 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.
## **o) 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.
## **p) 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.
11
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **1. Accounting policies (continued)**
## **q) 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.
## **r) 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.
## **s) 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.
## **t) Operating leases**
Rentals paid under operating leases are charged to the statement of financial activities as they fall due.
## **u) 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.
## **v) 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(l) 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 2022**
## **2. Prior period comparatives: statement of financial activities**
|**Income from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
Net gain on investments
**Net income**
Transfers between funds
**Net movement in funds**
**Income from donations and legacies**
Donations and grants
Legacies
Gift aid
Coronavirus Job Retention Scheme
**Total income from donations and legacies**|Restricted
£
£
11,867
598,705
15,600
54,226
-
73,798
-
1,256
27,467
727,985
-
55,949
3,912
596,719
3,912
652,668
-
104
23,555
75,421
(815)
815
22,740
76,236
Restricted
£
£
4,543
237,879
-
26,748
-
122,619
-
360
4,543
387,606
Unrestricted
Unrestricted|**2021**
**Total**
**£**
**610,572**
**69,826**
**73,798**
**1,256**|
|---|---|---|
|||**755,452**|
|||**55,949**
**600,631**|
|||**656,580**|
|||**104**|
|||**98,976**
**-**|
|||**98,976**|
|||**2022**
**Total**
**£**
**242,422**
**26,748**
**122,619**
**360**|
|||**392,149**|
## **3. Income from donations and legacies**
13
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
**3. Income from donations and legacies (continued) Prior period comparative:**
|**Income from donations and legacies (continued)**
**Prior period comparative:**|||
|---|---|---|
|Donations
Legacies
Gift aid
Coronavirus Job Retention Scheme
**Total income from donations and legacies**|Restricted
£
£
11,867
359,744
-
156,661
-
34,057
-
48,243
11,867
598,705
Unrestricted|2021
Total
£
371,611
156,661
34,057
48,243|
|||610,572|
**4. Income from charitable activities**
|Grants
Homing donations and reclaims
**Prior period comparative:**
Grants
Homing donations and reclaims|Restricted
£
£
5,000
-
-
43,220
5,000
43,220
Restricted
£
£
15,600
-
-
54,226
15,600
54,226
Unrestricted
Unrestricted|**2022**
**Total**
**£**
**5,000**
**43,220**|
|---|---|---|
|||**48,220**|
|||2021
Total
£
15,600
54,226|
|||69,826|
14
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **5. Income from other trading activities**
|Fundraising events
Sales of goods
Pet Plan commission
Rent
**Total income from other trading**
**activities**|Restricted
£
£
-
28,492
-
7,885
-
24,482
-
10,126
-
70,985
Unrestricted|**2022**
**Total**
**£**
**28,492**
**7,885**
**24,482**
**10,126**
**70,985**|2021
Total
£
40,047
6,285
23,459
4,007|
|---|---|---|---|
||||73,798|
All income from other trading activities in 2021 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 2022 was £360 (2021: £73,243). 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 2022**
## **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
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
£
6,668
7,358
-
-
-
-
-
-
-
-
-
-
-
-
-
-
14,026
9,045
**23,071**|Charitable
activities
£
-
180,770
-
122,421
8,226
1,511
10,948
6,894
1,347
-
-
-
-
-
-
-
332,117
222,216
**554,333**|Support and
governance
costs
£
-
101,474
42,377
-
-
-
-
-
311
55,528
732
2,439
2,043
9,338
2,734
14,285
231,261
(231,261)
**-**|**2022 Total**
**£**
**6,668**
**289,602**
**42,377**
**122,421**
**8,226**
**1,511**
**10,948**
**6,894**
**1,658**
**55,528**
**732**
**2,439**
**2,043**
**9,338**
**2,734**
**14,285**|
|||||**577,404**
-|
|||||**577,404**|
Total governance costs were £3,213 (2021: £3,236)
16
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
**7. Total expenditure (continued)**
|**Total expenditure (continued)**|||||
|---|---|---|---|---|
|**Prior period comparative**
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|
17
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
**8. Net movement in funds**
This is stated after charging:
|Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration|**2022**
**£**
**55,528**
**Nil**
**306**
**3,300**|2021
£
55,135
Nil
Nil
3,200|
|---|---|---|
Trustees' reimbursed expenses were for staff vouchers and for stationery.
## **9. Staff costs and numbers**
Staff costs were as follows:
|Salaries and wages
Social security costs
Pension costs|**2022**
2021
**£**
£
**275,885**
319,278
**10,859**
12,506
**2,858**
3,733
**289,602**
335,517|
|---|---|
Included in salaries and wages are redundancy and termination costs totalling £16,845 (2021: £Nil). Redundancy and termination costs have been funded from unrestricted general funds (note 17). No amounts were owed at 31 March 2022.
No employee earned more than £60,000 during the year.
The key management personnel of the charity comprise the trustees, Manager and Kennel & Cattery Managers (2021: the trustees, General Manager and Kennel & Cattery Manager). The total employee benefits of the key management personnel were £48,434 (2021: £44,121).
|Average head count|**2022**
**No.**
**25.8**|2021
No.
29.4|
|---|---|---|
## **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 2022**
|**11. Tangible fixed assets**
Land and
buildings
£
**Cost**
At 1 April 2021
2,161,241
Additions in year
-
Disposals in year
-
At 31 March 2022
2,161,241
**Depreciation**
At 1 April 2021
832,524
Charge for the year
44,346
On disposals
-
At 31 March 2022
876,870
**Net book value**
**At 31 March 2022**
**1,284,371**
At 31 March 2021
1,328,717
**12. Investments**
Market value at 1 April 2021
Realised and unrealised gains
**Market value at 31 March 2022**
Historical cost:
**At 31 March**
**13. Stock**
Merchandise|Plant and
machinery
£
30,918
-
-
30,918
30,918
-
-
30,918
**-**
-|Fixtures
and fittings
£
129,718
5,131
(4,000)
130,849
104,660
8,383
(4,000)
109,043
**21,806**
25,058|Motor
vehicles
£
15,021
19,725
(10,400)
24,346
13,403
2,799
(10,400)
5,802
**18,544**
1,618
**2022**
**£**
**419**
**31**
**450**
**654**
**2022**
**£**
**545**|**Total**
**£**
**2,336,898**
**24,856**
**(14,400)**|
|---|---|---|---|---|
|||||**2,347,354**|
|||||**981,505**
**55,528**
**(14,400)**|
|||||**1,022,633**|
|||||**1,324,721**|
|||||1,355,393|
|||||2021
£
315
104|
|||||419|
|||||654|
|||||2021
£
1,193|
19
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **14. Debtors**
|Trade debtors
Prepayments
Other debtors
VAT|**2022**
**£**
**247**
**10,466**
**34,463**
**10,501**
**55,677**|2021
£
126
779
38,278
9,709|
|---|---|---|
|||48,892|
## **15. Creditors : amounts due within 1 year**
|Trade creditors
Other creditors|**2022**
2021
**£**
£
**14,257**
18,907
**8,929**
22,811
**23,186**
41,718|
|---|---|
## **16. Analysis of net assets between funds**
|Tangible fixed assets
Investments
Current assets
Current liabilities
**Net assets at 31 March 2022**
**Prior year comparative**
Tangible fixed assets
Investments
Current assets
Current liabilities
Net assets at 31 March 2021|£
-
-
22,337
-
**22,337**
£
-
-
38,140
-
38,140
Restricted
funds
Restricted
funds|£
1,324,721
450
457,787
(23,186)
**1,759,772**
£
1,355,393
419
495,833
(41,718)
1,809,927
Unrestricted
funds
Unrestricted
funds|**Total**
**funds**
**£**
**1,324,721**
**450**
**480,124**
**(23,186)**|
|---|---|---|---|
||||**1,782,109**|
||||Total funds
£
1,355,393
419
533,973
(41,718)|
||||1,848,067|
20
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **17. Movements in funds**
|**Restricted funds**
Cat garden
New ambulance
Feral cats
Vet bills
Foods
Solar installation
Other restricted funds
**Total restricted funds**
General funds
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**|At 1 April
2021
£
10,000
22,600
440
-
-
-
5,100
38,140
1,809,927
1,809,927
**1,848,067**|Income
£
£
2,063
-
-
-
700
(1,380)
40
(40)
1,040
(424)
5,000
-
700
-
9,543
(1,844)
501,872
(575,560)
501,872
(575,560)
**511,415**
**(577,404)**
Expenditure|£
-
(19,725)
240
-
-
-
(4,017)
(23,502)
23,502
23,502
**-**
Transfers
between
funds|Gains /
losses
£
**£**
-
**12,063**
-
**2,875**
-
**-**
-
**-**
-
**616**
-
**5,000**
-
**1,783**
-
**22,337**
31
**1,759,772**
31
**1,759,772**
**31**
**1,782,109**
**At 31 March**
**2022**|Gains /
losses
£
**£**
-
**12,063**
-
**2,875**
-
**-**
-
**-**
-
**616**
-
**5,000**
-
**1,783**
-
**22,337**
31
**1,759,772**
31
**1,759,772**
**31**
**1,782,109**
**At 31 March**
**2022**|
|---|---|---|---|---|---|
||||||**22,337**|
||||||**1,759,772**|
||||||**1,759,772**|
||||||**1,782,109**|
## **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 was used in the year to purchase a new van to transport animals to the vet in as the previous vehicle was old and very costly to run. The balance will be used to refurbish the back of the van and to put vet ambulance stickers on the outside.
## 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.
## Vet bills
To be used towards vet fees, this includes appeals for specific animals' vet bills where the campaign is restricted funds.
## Foods
To be used towards food costs, most relate to food donation appeals where people were unable to donate actual food so sent money towards it instead.
21
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## Solar installation
Richard (HH Volunteer) applied for a grant from Bristol Airport, it was approved for £5,000 as part of the Bristol Airport Environmental Improvement Fund.
## Other restricted funds
Other restricted funds represent small donations for various projects as specified by the funder. In 2021/22 this included a donation towards a particular animals' vet bills, a grant for the AstroTurf and the transfer to cover the cost of Tumble dryer.
## **Transfers**
Transfers in the year represent the purchase of a new van with the 'New ambulance fund', purchase of astro-turf and a washing machine with 'Other Restricted Funds' and to cover an overspend in the 'Feral cats fund' with a transfer from unrestricted funds.
## **17. Movements in funds (continued)**
|**Prior year comparative**
**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
£
-
-
-
-
-
104
104
104|At 31
March
2021
£
10,000
22,600
440
5,100|
|---|---|---|---|---|---|
||||||38,140|
||||||1,809,927|
||||||1,809,927|
||||||1,848,067|
## **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|**2022**
2021
**£**
£
**450**
899
**-**
450
**450**
1,349|
|---|---|
22
## **Holly Hedge Animal Sanctuary**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **19. Financial instruments**
|**Financial instruments**|||
|---|---|---|
||**2022**|2021|
||**£**|£|
|Financial assets measured at fair value|**450**|419|
Financial assets measured at fair value comprise listed investments.
## **20. Related party transactions**
Donations from trustees totalled £2,836 (2021: £3,546).
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 £19,313 (2021: £8,174). At 31 March 2022 Holly Hedge Retail Limited owed £26,776 (2021: £13,853) to Holly Hedge Sanctuary.
23