| Page | |||
|---|---|---|---|
| Trustees Annual Report |
...........I | ||
| Independent Auditor's Report to the Members |
of PETA Limited ..... | ||
| Statement of Financial Activities, incorporating | an Income and Expenditure | account, for the | |
| period ending 31 July 2021. | 14 | ||
| Balance Sheet as at 31 July 2021.. | .... I5 | ||
| Cash Flow Statement for the period ended 31 | July 2021 .. | .... I6 | |
| Notes on Financial Statements .. |
| Note | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |||
| Income and endowments | ||||||||
| from: | ||||||||
| Charitable aca/v/ties |
||||||||
| - Government income |
2,269,662 | 2,269,662 | 2,328,004 | 2,328,004 | ||||
| - Commercial income |
1,251,524 | 1,251,524 | 1,106,522 | 1,106,522 | ||||
| Investment and other income |
||||||||
| - Grant income | 17,246 | 17,246 | 96,427 | 96,427 | ||||
| - Investment income |
2,828 | 2,828 | 10,038 | 10,038 | ||||
| - Membership fees |
71,258 | 71,258 | 74,878 | 74,878 | ||||
| - Rental income | 41,896 | 41,896 | 42,212 | 42,212 | ||||
| Total | 3,637,168 | 17,246 | 3,654,414 | 3,561,654 | 96,427 | 3,658,081 | ||
| Expenditure on: |
||||||||
| Charitable activities |
4 | 3,756,328 | 17,246 | 3,773,574 | 3,708,738 | 96,427 | 3,805,165 | |
| Total | 3,756,328 | 17,246 | 3,773,574 | 3,708,738 | 96,427 | 3,805,165 | ||
| Net income/(expenditure) |
(119,160) | (I 19, 160) |
(147,084) | (147,084) | ||||
| Transfers between Other recognised |
funds gains |
500 | (500) | 500 | (500) | |||
| /(losses): | ||||||||
| Gains/(losses) on revaluation |
||||||||
| offixed assets | ||||||||
| Net movements | in funds | (118,660) | (500) | (119,160) | (146,584) | (500) | (147,084) | |
| Reconciliation of |
Funds: | |||||||
| Total funds brought | forward | 5,391,557 | 4,500 | 5,396,057 | 5,538,141 | 5,000 | 5,543,141 | |
| Total funds carried | ||||||||
| forward | 5,272,897 | 4,000 | 5,276,897 | 5,391,557 | 4,500 | 5,396,057 |
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible assets | 10 | 3,917,899 | 4,015,484 | ||
| Investments | 500,001 | 500,001 | |||
| 4,417,900 | 4,515,485 | ||||
| Current assets | |||||
| Stocks | 12 | 13,599 | 8,641 | ||
| Debtors | 13 | 554,300 | 362,970 | ||
| Cash at bank and in hand |
1,271,497 | 1,513,243 | |||
| 1,839,396 | 1,884,854 | ||||
| Current Liabilities |
|||||
| Creditors: Amounts one year |
falling | due within | (489,974) | (457,357) | |
| Net current assets | 1,349,422 | 1,427,497 | |||
| Total assets less current | liabilities | 5,767,322 | 5,942,982 | ||
| Creditors: Amounts more than one year |
falling | due after | 15 | (409,625) | (466,125) |
| Provisions for Liabilities | (80,800) | (80,800) | |||
| Net Assets | 5,276,897 | 5,396,057 | |||
| The funds ofthe charity | |||||
| Restricted Funds |
17 | 4,000 | 4,500 | ||
| Unrestricted Funds |
17 | 4,477,102 | 4,595,762 | ||
| Revaluation reserve |
|||||
| 17 | 795,795 | 795,795 | |||
| Total Charity Funds | 5,276,897 | 5,396,057 |
| Note | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| Cash Ilows from | operating | activities | |||||
| Net cash provided | by (used | in) operating | activities | 19 | (110,271) | 33,406 | |
| Cash flows from | investing | activities | |||||
| Dividends, interest |
and rents | from investments | 44,724 | 52,250 | |||
| Proceeds from sale | of property, plant Bnd |
equipment | |||||
| Purchase ofproperty, plant and equipment |
(121,762) | (254,050) | |||||
| Net cash provided | by (used | in) investing | activities | (77,038) | (201,800) | ||
| Cash flows from | financing | activities | |||||
| Repayments ofborrowing |
(54,437) | (58,862) | |||||
| Net cosh provided | by (used | in) financing | activities | (54,437) | (58,862) | ||
| Change in cash and cash equivalents reporting period |
in the | (241,746) | (227,256) | ||||
| Cash and cash equivalents | at I August |
2020 | 20 | 1,513,243 | 1,740,499 | ||
| Cash and cash equivalents | at 31 July 2021 | 20 | 1,271,497 | 1,513,243 |
| All assets | are originally | recorded at cost. Items below 6100 | recorded at cost. Items below 6100 | are not capitalised. Depreciation |
are not capitalised. Depreciation |
are not capitalised. Depreciation |
offixed assets is |
|---|---|---|---|---|---|---|---|
| calculated | to write offtheir cost or valuation | less any residual | value over | their estimated | useful | lives as follows: | |
| Leasehold | buildings | - long lease | 2'% - |
cost | |||
| - Access Point | over reducing | years - written down value |
|||||
| 2020/2021 37 | years 2.7%a (2019/2020 38 | years 2.6%) | |||||
| -short lease | evenly over the term ofthe lease | ||||||
| Plant and | machinery | 20% - |
written | down value | |||
| Motor vehicles | 25% - |
written | down value | ||||
| Computer | equipment | 33% - |
cost | ||||
| Office furniture and equipment |
20% - |
wr itten down value | |||||
| Leasehold | improvements | 10% - |
cost |
| Expenditur | e on C |
haritable | Activities | ||||
|---|---|---|---|---|---|---|---|
| Direct | Other | Support | |||||
| Stem | Direct | Costs | Total 2021 | Total 2020 | |||
| Costs | Costs | (note 5) | |||||
| 6 | 6 | ||||||
| Government services |
821,246 | 857,937 | 194,241 | 1,873,424 | 1,859,799 | ||
| Commercial services |
980,537 | 507,632 | 411,981 | 1,900,150 | 1,945,366 | ||
| Total | 2021 | 1,801,783 | 1,365,569 | 606,222 | 3,773,574 | ||
| Total | 2020 | 1,896,567 | 1,289,506 | 619,092 | 3,805,165 |
| Charity | |||||||
|---|---|---|---|---|---|---|---|
| Standards | Management | Governance | Total 2021 | Total 2020 | |||
| 8 Systems | Services | (note 6) | |||||
| 6 | 6 | 6 | 6 | ||||
| Government | |||||||
| services | 50,492 | 118,180 | 25,569 | 194,241 | 200,464 | ||
| Commercial servfces |
92,793 | 293,617 | 25,571 | 411,981 | 418,628 | ||
| Total | 2021 | 143,285 | 411,797 | 51,140 | 606,222 | ||
| Total | 2020 | 180,301 | 388,265 | 50,526 | 619,092 |
| 2021 | 2020 | |
|---|---|---|
| 6 | 6 | |
| Staff Costs | 34,570 | 32,419 |
| Audit Fees | 7,000 | 8,000 |
| Trustee Expenses and Insurance | 2,415 | 2,304 |
| Other Costs | 7,155 | 7,803 |
| Total | 51,140 | 50,526 |
| Trustees and Emplo | yees | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Staffcosts including | Trustees emoluments | ||
| Wages and salaries | 1,838,710 | 1,906,458 | |
| Social Security costs | 161,698 | 178,441 | |
| Pension costs | 203,625 | 208,737 | |
| 2,204,033 | 2,293,636 |
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Management | II | II |
| Administration | 17 | 16 |
| Field | 24 | 24 |
| Trainers | 12 | 15 |
| 64 | 66 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Number | Number | |||||
| IE | I | 00,001 | - | 6200,000 |
| 2021 | 2020 | ||
|---|---|---|---|
| E | |||
| Interest | Receivable | (2,828) | (10,038) |
| Interest | Payable | 12,062 | 16,487 |
| 9,234 | 6,449 |
| Leasehold | |||||||
|---|---|---|---|---|---|---|---|
| Plant B | Motor | Office | Leasehold | Improve | |||
| Machinery | Computers | Vehicles | Equipment | Premises | -ments | Total | |
| Total | E | E | E | E | E | ||
| Cost | |||||||
| Balance at I August 2020 |
504,129 | 743,075 | 10,368 | 266,262 | 3,978,237 | 307,275 | 5,809,346 |
| Additions | 26,329 | 37,167 | 6,891 | 51,375 | 121,762 | ||
| (Disposals) | (10,368) | (2,978) | (13,346) | ||||
| Balance at 31 July 2021 |
530,458 | 780,242 | 270,175 | 3,978,237 | 358,650 | 5,917,762 | |
| Depreciation | |||||||
| Balance at I August 2020 |
394,939 | 580,394 | 9,099 | 226,018 | 535,098 | 48,314 | 1,793,862 |
| Provided during the pedod |
24,444 | 85,547 | 212 | 8,659 | 67,140 | 32,288 | 218,290 |
| (Disposals) | (9,311) | (2,978) | (12,289) | ||||
| Balance at 31 July 2021 |
419,383 | 665,941 | 231,699 | 602,238 | 80,602 | 1,999,863 | |
| Net Book Value at 31 July 2021 |
111,075 | 114,301 | 38,476 | 3,375,999 | 278,048 | 3,917,899 | |
| 31 July 2020 | 109,190 | 162,681 | 1,269 | 40,244 | 3,443,139 | 258,961 | 4,015,484 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Amounts | falling due | within one year | ||||
| Trade Debtors | 420,751 | 243,632 | ||||
| Prepayments | 133,549 | 119,338 | ||||
| 554,300 | 362,970 | |||||
| 14. | Creditors: | Amounts | falling due within one year | |||
| 2021 | 2020 | |||||
| Trade Creditors | 103,007 | 83,636 | ||||
| Mortgage | 56,500 | 42,375 | ||||
| Accruals | 113,916 | 109,250 | ||||
| Deferred Income |
100,490 | 142,504 | ||||
| Government | Agency | 22,238 | ||||
| Other Taxation | and Social Security | 116,061 | 57,354 | |||
| 489,974 | 457,357 |
| Creditor | s: Amounts falling due after |
one year | |
|---|---|---|---|
| 2021 | 2020 | ||
| Mortgage | 409,625 | 466,125 | |
| Deferred | Income | ||
| 409,625 | 466,125 |
| At 31 July 2021 the Charity had future minimum follows: |
lease payments under non-ca |
ncellable operating le |
|---|---|---|
| Land | gt Buildings | |
| 2021 | 2020 | |
| Not later than one year | 51,297 | 51,297 |
| Later than one year and not lacer than five years |
205,188 | 205,188 |
| Later than five years | 278,359 | 329,656 |
| Other | ||
| 2021 | 2020 | |
| E | ||
| Not later than one year | 11,482 | 11,925 |
| Later than one year and not later than five years |
3,246 | 12,783 |
| Later than five years |
| Land gt Buildings | Land gt Buildings | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | 6 | |||
| Not | later | than one year | 42,100 | 42,100 |
| Later later |
than than |
one year and not five years |
157,875 | 168,400 |
| Later | than | five years | 31,575 |
| Fund | Fund | |||||||
|---|---|---|---|---|---|---|---|---|
| balances | Gains | balances | ||||||
| brought | Expend- | and | carried | |||||
| forward | Income | iture | Transfers | losses | forward | |||
| 6 | f | |||||||
| Unrestricted | funds | 4,595,762 | 3,637,168 | (3,756,328) | 500 | 4,477,102 | ||
| Unrestricted revaluation |
funds-Property reserve |
795,795 | 795,795 | |||||
| Restricted | funds | 4,500 | 17,246 | (17,246) | (500) | 4,000 | ||
| Closing funds | 5,396,057 | 3,654,414 | (3,773,574) | 5,276,897 |
| 2021 | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Fixed Assets |
Net Current Assets |
Long Term Liabilities |
Total | Total | ||
| Unrestricted | Funds | 4,413,900 | 1,349,422 | (490,425) | 5,272,897 | 5,391,557 |
| Restricted Funds |
4,000 | 4,000 | 4,500 | |||
| Closing funds | 4,417,900 | 1,349,422 | (490,425) | 5,276,897 | 5,396,057 |
| 19. | Reconciliation o |
fch | an | ges in resource |
s to net c | ash flow from | operating |
activities | |
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| 6 | E | ||||||||
| Changes in resources |
(119,160) | (147,084) | |||||||
| Rent receivable | (41,896) | (42,212) | |||||||
| Interest receivable | (2,828) | (10,038) | |||||||
| Interest paid | 12,062 | 16,487 | |||||||
| Depreciation | 218,290 | 209,003 | |||||||
| Deficit on disposal | oftangible fixed assets | 1,057 | 189 | ||||||
| (Increase)/decrease | in debtors | (191,330) | 96,155 | ||||||
| Increase/(decrease) | in creditors | 18,492 | (91,608) | ||||||
| (Increase)/decrease | in stocks | (4,958) | 2,514 | ||||||
| Net cash (oudlow)/inflow | from operating | activities | (110,271) | 33,406 | |||||
| 20. | Analysis ofchanges | in | net cash funds | ||||||
| 2021 | |||||||||
| 31July 2021 |
Cashflow | I August 2020 | |||||||
| Cash at bank and in hand | 1,271,497 | (241,746) | 1,513,243 | ||||||
| 21. | Analysis ofchanges | in | net debt | ||||||
| 2021 | |||||||||
| I August 2020 |
Cashflows | Other non-cash changes |
31 July 2021 |
||||||
| Cash and cash equivalents | |||||||||
| Cash | 1,513,243 | (241,746) | 1,271,497 | ||||||
| Overdrafts | |||||||||
| Cash equivalents | |||||||||
| 1.513,243 | (241,746) | 1,271,497 | |||||||
| Borrowings | |||||||||
| Debt due within one year | (42,375) | (42,375) | |||||||
| Debt due after one | year | (466,125) | 42,375 | (423,750) | |||||
| (508,500) | 42,375 | (466,125) | |||||||
| Total | 1,004,743 | (199,371) | 805,372 |
| Balance | Balance | |||||||
|---|---|---|---|---|---|---|---|---|
| Turnover | Outstanding | Outstanding | ||||||
| (Excl | (Incl YAT) | (Incl YAT) | ||||||
| YAT) | as at 31 July | as at 31July | ||||||
| 2021 | 2021 | 2020 | ||||||
| Daniamant | Ltd | 1,795 | 150 | |||||
| DKW Enginering | 407 | 719 | ||||||
| Mimtec Ltd | 1,002 | 20 | 48 | |||||
| Pall Manufacturing | UK Ltd | 21,026 | 12,535 | 4,536 | ||||
| Portsmouth | Aviation | Ltd | 10,357 | 2,075 | 260 | |||
| Raymarine | UK Ltd | 1,625 | 220 | |||||
| Hamble Aerostructures | Ltd | 14,899 | 17,118 | |||||
| Geest Line | Ltd | 224 | ||||||
| Southampton | Solent | University | 371 |