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|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 ..||||
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|||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|
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|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||||
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|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|
##
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||||||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|||
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