## |||Page| |---|---|---| |Report ofthe Trustees||1 to 5| |Report ofthe Independent
Auditors||6to7| |Statement ofFinancial Activities||| |Balance Sheet||| |Statement ofcash flows||10| |Notes tothe Financial Statements||11to19| |Detailed Statement of Financial|Acfrvities|20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Notes|Total|Total| |---|---|---|---|---|---| |||||Unrestricted|Unrestricted| |||||Funds|Funds| |||||2020|2019| |||||E|E| |Income:|||||| |Donations
and legacies
Investment
income||||413,998|222,604
587,248| |Other income||||2,000|| |Total income||||415,998|809,852| |Expenditure:
Raising funds||||118,363|146,096| |Expenditure
on
Animal welfare|charitable|activities:||450,856|506,109| |Total expenditure||||569,219|652,205| ||||10|3,283,353|3,376,232| |Net incomel(expenditure)||||3,130,132|3,533,879| |Net movement|in funds|||3,130,132|3,533,879| |Reconciliation|offunds||||| |Total funds brought forward||||26,577,533|23,043,654| |Total funds carried forward|||13|29,707,685|26,577,533| |All ofthe above|funds are|unrestricted.|||| ## ||||Notes|2020|2019| |---|---|---|---|---|---| |Fixed assets|||||| |Tangible assets|||9|1,243,857|1,250,130| |Investments|||10|28,060,288|25,046,758| |||||29,304,145|26,296,688| |Current assets|||||| |Debtors||||41,895|40,676| |Cash at bank||||401,506|272,996| |||||443,401|313,672| |Creditors: amounts||falling due within one year|12|(39,881)|(33,027j| |Net current assets||||403,520|280,645| |Total assets|less current liabilities|||29,707,665|26,577,533| |Net assets||||29,707,665|26,577,533| |The funds ofthe Charity
Unreslricted
funds|||13|29,707,665|26,577,533| |Total funds||||29,707,665|26,577,533| ## ||Ilute|| |---|---|---| |Not cosh used ln operating
activities|15|(4Nfl/~)| |Cosh flows from Investing
actlvithrs
Dividends
and Interest from investments
Purchase of Investments
Proceeds from sale ofinvestments||413.N~
(42Ã~)
4,455~| |Net cash provided
by Investing activities||| |Change
In cash and cash equivaients
in the year||128,510| |Cash and cash equivalents
brought forward||| |Cash and cash equivalents
carried forward||| |The notes on pages 11to 19form part ofthese accounts.||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INVESTMENT INCOME|||2020f|2019f| |---|---|---|---|---| |Dividends
and interest received on investment|porffolio||413,998|587,248| |COSTS OF RAISING FUNDS|||2020f|2019f| |Investment
management
fees|||118,363|146,096| ||||118,383|146,096| |EXPENDITURE ON CHARITABLE ACllVITIES||||| |Grant funded||||| |activity
(note 8.1)
f||Support
costs (note 7)
f|Total 2020
f|Total 2019
f| |Animal welfare
395,000||55,856|450,856|506,109| |In 2019, the total of f506,109wss made
up|of f441,000 of Grant funded||acbvBes snd|f65,109of SuPPoit| |costs.||||| |GRANTS PAYABLE|||Date|| |Grants to charities operating
in the UK:||||| |Maria's Animal Shelter
Horse Sense Wirral
Nlildlife Rescue
Brent Lodge Bird and VIldlife Trust
StGiles Animal Rescue
Cetacean Research &Rescue Unit (CRRU)
Kent Horse Rescue
3R's Horse Rescue
Prickles & Paws Hedgehog
Rescue
Freshfields
Animal Rescue
Teckels Animal Sanctuary
Raptor Foundation
Doris Banham Sanctuary
Hope Rescue
Woodlands
Animal Sanctuary
Rushton
Dog Rescue
Kent Horse Rescue
Liuest Home and Pony Trust
Owls Trust
Animal Rescue Cymru
Pendie Dogs in Need
Shy Lowen Home and Pony Sanctuary
RSPCA Bury Oldham
and District
Caring for Cats East Yorkshire
Remus Memorial
Horse Sanctuary
St Giles Animal Rescue
People for Animal Care Trust (PACT)|||0&Jan-20
19-Feb-20
20-Feb-20
20-Feb-20
20-Feb-20
20-Feb-20
20-Feb-20
20-Feb-20
20-Feb-20
20-Feb-20
25-Feb-20
08-Apr-20
08-Apr-20
08-Apr-20
16-Apr-20
16-Apr-20
16-Apr-20
16-Apr-20
16-Apr-20
16-Apr-20
24-Apr-20
24-Apr-20
24-Apr-20
24-Apr-20
07-May-20
07-May-20
07-May-20|5,000.00
5,000.00
10,000.00
10,000.00
3,000.00
3,000.00
2,000.00
4,000.00
2,000.00
7,500.00
10,000.00
6,000.00
10,000.00
5,000.00
10,000.00
3,000.00
4,000.00
4,000.00
4,000.00
4,500.00
5,000.00
8,000.00
10,000.00
5,000.00
5,000.00
5,000.00
10,000.00| ## ## ## |GRANTS PAYABLE (continued)|GRANTS PAYABLE (continued)|||| |---|---|---|---|---| |Wildlife Rescue Enfield (WRAS)
Pet Care Network
Bristol &Wales Cat Rescue
Animal Rescue Apsley Guise (HULA)
Crosskennan
Lane Animal Rescue
Dog's Friends
Huge Foundation
K9Focus
Loving Homes Dog Rescue
Cats Protection -Gwent Branch
Animal Rescue Centre - Sidmouth
&District
Freshfields
Animal Rescue
PricNes Hedgehog Rescue
Kent Hoise Rescue
Wild Hogs Hedgehog
Rescue
Uuest Home and Pony Trust
RVC Beaumont Sainsbury
Animal
Hospital
Lines Ark Animal Welfare
Shy Lowen Horse and Pony Sanctuary
Woodlands
Animal Sanctuary
Animal Rescue Cymru
Prevent Unwanted
Pets (PUP)
Moorviaw Rescue Ltd
Shemeld Cat Shelter
Hectors Greyhound
Rescue
German Shepherd
Rescue Elite
Teckels Animal Sanctuary|||07-May-20
22-May-20
22-May-20
22-May-20
22-May-20
22-May-20
15-Jun-20
15-Jun-20
1Mun-20
20-Jul-20
20-Jul-20
05-Aug-20
05-Aug-20
05-Aug-20
17-Aug-20
17-Aug-20
17-Aug-20
11-Sep-20
11-Sep-20
27-Oct-20
27-Oct-20
27-Oct-20
12-Nov-20
08-Dec-20
08-Dec-20
09-Dec-20
17 Dec-20
17-Dec-20|8,000
2,000
5,000
5,000
5,000
10,000
8,000
3,500
3,000
7,000
3,500
5,000
2,000
3,000
3,000
4,000
10,000
7,000
5,000
10,000
2,000
4,000
2,000
5,000
5,000
3,000
6,000
5,000| |Dog's Friends||||| |Grants to UKcharities working|overseas:|||| |Katmandu
Animal Treatment
Centre (KAT)
International
Aid forthe Protecbon &Welfare ofAnimals
Forgotten Animals
Romanian
Rescue Appeal
Friends of Bianca
Friends of Inti Wars Yassi||(IAWPA)|25-Feb-20
17-Apl'-20
22-May-20
05-Aug-20
05-Aug-20
17-Aug-20
17-AUQ-20|4,500
6,000
10,000
5,000
3,000
7,500
5,000| |Care4Cats
Forgotten
Animals|||11-Sep-20
12-Nov-20|5,000
10,000| |Tree of Life for Animals
(TOLFA)|||08-Dec-20|10,000| |Soi Dog Rescue
Globalteer|||08-Dec-20
08-Dec-20|5,000
3,000| |Paxos Animal Welfare (PAWS)|||08-Dec-20|10,000| |Orangutan
Foundation|||18-Dec-20|10,000| |Serbia's Forgotten Paws||||| |||||395,000| ## ## ## ## |SUPPORT COSTS|2020f|2019| |---|---|---| |Staffcosts (note 8)
Other
Depreciation
oftangible fixed assets
Audit and accountancy fees
Audit fee
Other accountancy fees|25,926
15,226
6,274
7,980
450|28,929
21,928
6,512
7,200
540| ||55,856|65,109| |STAFFCOSTS|2020
6|2019
8| |Salaries andwages|25,926|28,502| |Social security costs||427| |Other pension costs||| ||25,926|28,929| ## |9.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS||Leasehold
property and
Improvements
f|Furniture,
fixtures and
equipment
8|Totals
8| |---|---|---|---|---|---|---| ||COST
At 1 January 2020|||1,275,419|35,213|1,310,632| ||Additions|||||| ||At 31 December 2020|||1,275,419|35,213|1,310,632| ||DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020|||30,771
5,254
36,025|29,731
1,019
30,750|60,502
6,273
66,775| ||NET BOOKVALUE
At 31 December 2020|||1,239,394|4,463|1,243,857| ||At 31 December 2019|||1,244,648|5,482|1,250,130| |10.|FIXED ASSETINVESTMENTS||||2020
8|2019
8| ||MARKET VALUE
At 1 January 2020
Additions
Disposals||||24,443,577
4,291,420
(5,001,498)
3,235,315|21,382,666
131,705
(589,573)
3,518,779| ||Revaluations|||||| ||At 31 December 2020||||26,968,814|24,443,577| ||Comprising:
UK equi8es
Overseas
equrTies
UK bonds &fixed interest securities
Global funds
Property funds||||5,285,921
5,235,563
,234,684
1,602,561
1,376,325
1,233,760|6,315,488
2,799,868
2,227,751
10,268,092
1,327,753
1,504,625| ||Other|||||| ||Quoted investments
at market value
Cash balances held within the investment
Total fixed asset investments||porlfolio||26,968,814
1,091,474
28,060,288|24,443,577
603,181
25,046,758| ||Balances held by:
Ruffer
Rathbones||||12,848,529
15,211,759|48,306
12,214,928
12,783,524| ||Whitley||||28,060,288|25,046,758| ||||||22,868,387|23,162,911| ||Cost of listed portfolio|||||| ## ## ## ## ## ## |DEBTORS||||2020
8|2019
8| |---|---|---|---|---|---| |Other debtors
Prepayments||||40,131
1,764|40,122
554| |||||41,895|40,876| |Other debtors is made up ofloans given to Liverpool Cat Welfare and North Clwyd Animal|||||Rescue ofF10,12| |and 830,000respectively.|||||| |CREDITORS: Amounts|falling|due within one year||2020|2019| |||||8|8| |Social security and other|taxes|||1,415|1,377
11| |Other creditors
Accrued expenses||||38,466|31,639| ||||||33,027| |ANALYSIS OF CHARITABLE FUNDS
Balance bNwd|||Income|Expenditure|Fund Clfwd| ||||(Incl. inv. gains)||| ||||8||| |Unrestricted
funds
General funds||26,577,533|3,699,351|(569,219)|29,707,865| |TOTAL FUNDS||26,577,533|3,699,351|(569,219)|29,707,665| ## ## ## ## |RECONCILIATION
|OF NET CAS|H (USED IN) OPERAllN|G ACTIVIT|IES|| |---|---|---|---|---|---| |||||2020|2019| ||||||8| |Net income/(loss)
for|the reporhng|period ind. investment|gains|3,130&132|3,533,879| |Adjustments
for.
Interest and|dividends|||(413,998)|(587,248)| |(Gains)I Losses on investments||||(3,283,353)|(3,376,232)| |Investment
investments|management|fees paid directly out of||118,363|142,547| |Depredation
(Increase)l in debtom
increaser (decrease) in||creditors||6,274
(1,219)
(6,854)|6,512
(40,273)
3,953| |||||(450,655)|(316,862)|