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|---|---|---|---|---|
|Trustees
Annual
Report.||||I|
|Independent
Auditops
Report to|the Members of PETA Limited ...|||. IO|
|Statement of Financial Activities,|incorporating|an Income and Expenditure|account, for the||
|period
ending 3 I July 2022..||||.I3|
|Balance Sheet as at 31 July 2022...||||.14|
|Cash Flow Statement for the period ended 3 I||July 2022..||.IS|
|Notes on Financial Statements ..||||.16|
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||Note|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2022|2022|2022|2021|2021|2021|
|Income and endowments||||||||
|from:||||||||
|Choritob/e
octivioes||||||||
|- Government
income||2,367,923||2,367,923|2,269,662||2,269,662|
|—Commercial
income||1,550,937||1,550,937|1,251,524||1,251,524|
|Investment
ond other income||||||||
|- Grant income|||7,346|7,346||17,246|17,246|
|- Investment
income||2,669||2,669|2,828||2,828|
|- Membership
fees
- Rental income||73,745
41,021||73,745
41,021|71,258
41,896||71,258
41,896|
|Total||4,036,295|7,346|4,043,641|3,637,168|17,246|3,654,414|
|Expenditure
on:
Charitable
activities|4|4,090,494|7,346|4,097,840|3,756,328|17,246|3,773,574|
|Total||4,090,494|7,346|4,097,840|3,756,328|17246|3773574|
|Net
income/(expenditure)||(54,199)||(54,199)|(119,160)||(119,160)|
|Transfers
between
funds||500|(500)||500|(500)||
|Other recognised
gains||||||||
|/(losses)a||||||||
|Gains/(losses)
on revaluation||||||||
|offixed assets||||||||
|Net movements
in funds||(53,699)|(500)|(54,199)|(118,660)|(500)|(119160)|
|Reconciliation
ofFunds:||||||||
|Total funds brought forward||5,272,897|4,000|5,276,897|5,391,557|4,500|5,396,057|
|Total funds carried
forward||5,219,198|3,500|5,222,698|5,272,897|4,000|5,276,897|
##
||||Note|2022|2021|
|---|---|---|---|---|---|
|Fixed assets||||||
|Tangible assets|||10|3,770,190|3,917,899|
|Investments||||500,001|500,001|
|||||4,270,191|4,417,900|
|Current assets||||||
|Stocks|||12|13,339|13,599|
|Debtors|||13|525,383|554,300|
|Cash at banl& and
in hand||||1,318,672|1,271,497|
|||||1,857,394|1,839,396|
|Current
Liabilities||||||
|Creditors: Amounts
year|falling|due within one|14|(469,555)|(489,974)|
|Net current assets||||1,387,839|1,349,422|
|Total assets less current||liabilities||5,658,030|5,767,322|
|Creditors: Amounts
than one year|falling|due after more|15|(354,532)|(409,625)|
|Provisions for Liabilities||||(80,800)|(80,800)|
|Net Assets||||5,222,698|5,276,897|
|The funds ofthe charity||||||
|Restricted
Funds|||17|3,500|4,000|
|Unrestricted
Funds|||17|4,423,403|4,477,102|
|Revaluation
reserve||||||
||||17|795,795|795,795|
|Total Charity
Funds||||5,222,698|5,276,897|
##
||||Note|2022|2021|
|---|---|---|---|---|---|
|Cash flows from|operating|activities||||
|Net cosh provided|by (used|in) operating activities|19|140,919|(110,271)|
|Cash flows from|investing|activities||||
|Dividends,
interest|and rents|from investments||43,690|44,724|
|Proceeds from sale|of property,
plant and equipment|||||
|Purchase of property,
plant and equipment||||(68,356)|(121,762)|
|Net cosh provided|by (used|in) investing octivities||(24,666)|(77,038)|
|Cash flows from|financing|activities||||
|Repayments
of borrowing||||(69,078)|(54,437)|
|Net cosh provided|by (used|in) financing octivities||(69,078)|(54,437)|
|Change
in cash and cash equivalents
in the reporting||||47,175|(241,746)|
|period||||||
|Cash and cash equivalents||at
I August 2021|20|1,271,497|1,513,243|
|Cash and cash equivalents||at 31 July 2022|20|1,318,672|1,271,497|
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|Operating|Surplus|Surplus||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022||2021|
|Operating||Surplus|is|stated||after charging:||||||
|Staff costs|(note 7)||||||||2,428,920||2,204,033|
|Deficit on|disposal of||fixed||assets||||6,283||1,057|
|Depreciation||- Owned|assets||||||208,957||217,465|
|Depreciation||- Leasehold||property|||||825||825|
|Trustee's|Emoluments||(included|||in Staff|costs) of|||||
|which:||||||||||||
|Trustee's|Pension Contributions|||||||||||
|Auditors|Remuneration|||-|as auditors||||7,280||7,000|
||||||accountancy||services|||||
|Expenditure||on Charitable||||Activities||||||
|||||||Direct||Other|Support|||
|||||||Staff||Direct|Costs|Total 2022|Total 2021|
|||||||Costs||Costs|(note 5)|||
|Government
services||||||859,526||646,436|194,868|1,700,830|1,873,424|
|Commercial
services||||||1,184,711||794,062|418,237|2,397,0 I0|1,900.150|
|||Total|2022|||2,044,237||1,440,498|613,105|4,097,840||
|||Total|2021|||1,801,783||1,365,569|606,222||3,773,574|
##
||||Charity
Standards|fvianagement|Governance|Total 2022|Total 2021|
|---|---|---|---|---|---|---|---|
||||&Systems|Services|(note 6)|||
||||6|||||
|Government
services|||49,536|119,861|25,471|194,868|194,241|
|Commercial|||94,320|298,444|25,473|418,237|411,981|
|services||||||||
||Total|2022|143,856|418,305|50,944|613,105||
||Total|2021|143,285|411,797|51,140||606,222|
|Governance||||
|---|---|---|---|
|||2022|2021|
|||6|6|
|Staff Costs||33,227|34,570|
|Audit Fees||7,280|7,000|
|Trustee Expenses|and Insurance|1,899|2,415|
|Other Costs||8,538|7,155|
||Total|50,944|51,140|
##
##
|Trustees and Employees|||
|---|---|---|
||2022|2021|
|Staffcosts including Trustees emoluments|||
|Wages and salaries|1,983,889|1,838,710|
|Social Security costs|201,275|161,698|
|Pension costs|243,756|203,625|
||2,428,920|2,204,033|
||2022|2021|
|---|---|---|
||Number|Number|
|Management|12||
|Administration|18|17|
|Field|23|24|
|Trainers|14|12|
||67|64|
|||2022|2021|
|---|---|---|---|
||||E|
|Interest|Receivable|(2,669)|(2,828)|
|Interest|Payable|12,578|12,062|
|||9,909|9,234|
##
|Tangible Fixed|Assets||||||
|---|---|---|---|---|---|---|
||||||Leasehold||
||Plant
ga||Office|Leasehold|Improve||
||Nachinery|Computers|Equipment|Premises|-ments|Total|
|Total||E||E|E|E|
|Cost|||||||
|Balance at
I August 2021|530,458|780,242|270,175|3,978,237|358,650|5,917,762|
|Additions|29,719|17,351|3,489||17,797|68,356|
|(Disposals)|(79,772)|(3,743)|(672)|||(84,187)|
|Balance at
31 July 2022|480,405|793,850|272.992|3,978,237|376,447|5,901,931|
|Depreciation|||||||
|Balance at
I August 2021|419,383|665,941|231,699|602,238|80,602|1,999,863|
|Provided
during the
period|25,450|71,650|9,045|67,140|36,497|209,782|
|(Disposals)|(73,791)|(3,743)|(370)|||(77,904)|
|Balance at
31 July 2022|371,042|733,848|240,374|669,378|117,099|2,131,741|
|Net BookValue at
31 July 2022|109,363|60,002|32,618|3 308859|259,348|3,770,190|
|Net BookValue at|111,075|114,301|38,476|3,375,999|278,048|3,917,899|
##
|||||2022|||
|---|---|---|---|---|---|---|
||||Investment|Unlisted|||
||||Property|Shares|Total|2021|
|Cost/Valuation|||||||
|Carrying|Value at|I August 2021|500,000||500,001|500,001|
|Additions|revaluation||||||
|Balance at 31 July||2022|500,000||500,001|500,001|
##
|Stocks||||
|---|---|---|---|
|||2022|2021|
|General|Stocks|13,339|13,599|
|13.|Debtors||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Amounts|falling due||within one year|||
||Trade Debtors||||398,529|420,751|
||Prepayments||||126,854|133,549|
||||||525,383|554,300|
|14.|Creditors:|Amounts||falling due within one year|||
||||||2022|2021|
||Trade Creditors||||79,594|103,007|
||Mortgage||||56,500|56,500|
||Accruals||||51,408|113,916|
||Deferred
Income||||133,332|100,490|
||Government|Agency|||11,617||
||Other Taxation||and Social Security||137,104|116,061|
||||||469,555|489,974|
##
|Creditor|s:
Amounts
falling due after|one year||
|---|---|---|---|
|||2022|2021|
|Mortgage||353,125|409,625|
|Deferred|Income|1,407||
|||354,532|409,625|
##
|At 31 July 2022 the Charity
had future
minimum
ollows:|lease payments
under
non-can|cellable
operating
lea|
|---|---|---|
||Land|& Buildings|
||2022|2021|
|Not later than one year|51,297|51,297|
|Later than one year and not
later than five years|205,188|205,188|
|Later than five years|227,063|278,359|
|||Other|
||2022|2021|
|Not later than one year|15,152|11,482|
|Later than one year and not
later than five years|21,533|3,246|
|Later than five years|||
||Land & Buildings|Land & Buildings|
|---|---|---|
||2022|2021|
|Not later than one year|42,100|42,100|
|Later than one year and not
later than five years|115,775|157,875|
|Later than five years|||
##
##
||||Fund|||||Fund|
|---|---|---|---|---|---|---|---|---|
||||balances||||Gains|balances|
||||brought||Expend-||and|carried|
||||forward|Income|iture|Transfers|losses|forward|
|||||6|6|6|||
|Unrestricted||funds|4,477,102|4,036,295|(4,090,494)|500||4,423,403|
|Unrestricted
revaluation||funds-Property
reserve|795,795|||||795,795|
|Restricted|funds||4,000|7,346|(7,346)|(500)||3,500|
|Closing funds|||5,276,897|4,043,641|(4,097,840)|||5,222,698|
##
||||2022|||2021|
|---|---|---|---|---|---|---|
|||Fixed Assets|Net
Current
Assets|Long Term
Liabilities|Total|Total|
|Unrestricted|Funds|4,266,69 1|1,387,839|(435,332)|5,219,198|5,272,897|
|Restricted|Funds|3,500|||3,500|4,000|
|Closing funds||4,270,191|1,387,839|(435,332)|5,222,698|5,276,897|
|19.|Reconciliation|ofchanges|in resources to net cash flow from operating|in resources to net cash flow from operating|in resources to net cash flow from operating|activities||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
||Changes
in resources||||(54,199)||(119,160)|
||Rent receivable||||(41,021)||(41,896)|
||Interest receivable||||(2,669)||(2,828)|
||Interest
paid||||12,578||12,062|
||Depreciation||||209,782||218,290|
||Deficit on disposal|oftangible|fixed assets||6,283||1,057|
||(Increase)/decrease|in debtors|||28,917||(191,330)|
||Increase/(decrease)|in creditors|||(19,012)||18,492|
||(Increase)/decrease|in stocks|||260||(4,958)|
||Net cash (outflow)/inflow
from operating|||activities|(140,919)||(110,271)|
##
||||||||2022||
|---|---|---|---|---|---|---|---|---|
|||||||31july
2022|Cashflow|I August 2021|
|Cash|at|bank|and|in|hand|1,318,672|47,175|1,271,497|
##
##
|Analysis ofchanges
in net debt||||||
|---|---|---|---|---|---|
|||||2022||
||I|August|Cashflows|Other
non-cash
changes|31July
2022|
|Cash and cash equivalents||||||
|Cash||1,271,497|47,175||1,318,672|
|Overdrafts||||||
|Cash equivalents||||||
|||1,271,497|47,175||1,318,672|
|Borrowings||||||
|Debt due within one year||(42,375)|||(56,500)|
|Debt due after one year||(423,750)|56,500||(353,125)|
|||(466,125)|56,500||(409,625)|
|Total||805,372|103,675||909,047|
##
||||Balance|Balance|
|---|---|---|---|---|
|||Turnover
(Excl|Outstanding
(Inc I YAT)|Outstanding
(Incl YAT)|
|||YAT)
2022|as at 31July
2022|as at 31July
2021|
|Daniamant
Ltd||6,228||150|
|DKW Engineering||1,368|26||
|Mimtec Ltd||358||20|
|Pall Manufacturing
UK Ltd||40,807|1,370|12,535|
|Portsmouth
Aviation|Ltd|12,802|886|2,075|
|Raymarine
UK Ltd||799|||
|Hamble Aerostructures
Ltd
Geest Line Ltd||11,599
1,374||17,118|
|Southampton
Solent|University||||
|Southampton
University|||||
|Safran Heli«opter
Engines UK Ltd||21,973|1,984|3,319|
##
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