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|---|---|---|---|
|Report ofthe Trustees|||1 to 5|
|Report ofthe Independent
Auditors|||6to 7|
|Statement
of Financial|Activities|||
|Balance Sheet||||
|Statement ofcash flows|||10|
|Notes to the Financial|Statements||11 to 19|
|Detailed Statement
of|Financial|Activities|20|
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||||||Notes|Total|Total|
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Unrestricted|
|||||||Funds|Funds|
|||||||2021
6|2020f|
|Income:||||||||
|Donations
and|legacies|||||110||
|Investment
income||||||417,706|413,998|
|Other income|||||||2,000|
|Total income||||||417,816|415,998|
|Expenditure:||||||||
|Raising funds||||||166,874|118,363|
|Expenditure
on|charitable|||activities:||||
|Animal
welfare||||||500,029|450,856|
|Total expenditure||||||666,903|569,219|
|Net gains/(losses)||on investments|||10|3,709,003|3,283,353|
|Net income/(expenditure)||||||3,459,916|3,130,132|
|Net movement|in|funds||||3,459,916|3,130,132|
|Reconciliation|of|funds||||||
|Total funds brought|||forward|||29,707,665|26,577,533|
|Total funds carried|||forward||13|33,167,581|29,707,665|
##
|||||||Notes|2021|2020|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Tangible assets||||||9|1,237,992|1,243,857|
|Investments||||||10|31,697,892|28,060,288|
||||||||32,935,884|29,304,145|
|Current assets|||||||||
|Debtors|||||||29,771|41,895|
|Cash at bank|||||||259,193|401,506|
||||||||288,964|443,401|
|Creditors: amounts||falling|due|within one|year|12|(57,267)|(39,881)|
|Net current|assets||||||231,697|403,520|
|Total assets|less current||liabilities||||33,167,581|29,707,665|
|Net assets|||||||33,167,581|29,707,665|
|The funds ofthe Charity|||||||||
|Unrestricted|funds|||||13|33,167,581|29,707,665|
|Totalfunds|||||||33,167,581|29,707,665|
|The financial|statements||were|approved|by the Board of Trustees||on .......4 0(3 2%1..... .|. . . .. and
were|
|signed on its|behalf|by:|||||||
##
||||Note|2021|2020|
|---|---|---|---|---|---|
|||||8||
|Net cash used in operating|activities||15|(499,318)|(450,655)|
|Cash flows from investing|activities|||||
|Dividends
and interest
from|investments|||417,706|413,998|
|Purchase
of investments||||(9,585,093)|(4,291,420)|
|Proceeds from sale of investments||||9,524,392|4,456,587|
|Net cash provided
by investing
activities||||357,005|579,165|
|Change
in cash and cash|equivalents|in the year||(142,313)|128,510|
|Cash and cash equivalents|brought
forward|||401,506|272,996|
|Cash and cash equivalents|carried forward|||259,193|401,506|
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|Leasehold|property|—I'/o straight
line||
|---|---|---|---|
|Furniture|and fixtures|- 15'/o on reducing|balance|
|Computer|and office equipment|- 20'/o on reducing|balance|
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|4.|INVESTMENT INCOME||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||6|6|
||Dividends
and interest received||on investment||||porffolio||417,706|413,998|
|5.|COSTS OF RAISING FUNDS||||||||2021|2020|
||||||||||6||
||Investment
management
fees||||||||166,874|118,363|
||||||||||166,874|118,363|
|6.|EXPENDITURE ON CHARITABLE ACTIVITIES||||||||||
||||Grantfunded||||||||
||||||activity|||Support|||
|||||(note||6.1)||costs (note 7)|Total 2021|Total 2020|
|||||||||6|6|6|
||Animal welfare|||441,200||||58,829|500,029|450,856|
||In 2020, the total of F450,856 was made||||up|of|6395,000 of Grant funded||activities
and|655,856 of Support|
||costs.||||||||||
|6.1|GRANTS PAYABLE||||||||Date||
||Grants to charities operating|in the||UK:|||||||
||Pawprints
Dog Rescue||||||||18/01/2021|5,000|
||3Rs Horse Rescue Centre||||||||18/01/2021|9,700|
||HUGS Foundation||||||||05/02/2021|6,000|
||Munchkins
Miniature
Shetland|Rescue|||||||05/02/2021|2,000|
||Linbee Dog Rehoming||||||||16/02/2021|3,000|
||anctuary
Angels Small Paws Dog Rescue and Animal S||||||||16/02/2021|3,000|
||K-9 Rescue Remedy||||||||16/02/2021|1,000|
||UK Wild Otter Trust||||||||16/02/2021|2,000|
||Shepreth
Wildlife Conservation||Charity||||||16/02/2021|3,000|
||BARKS, Banbury
Animal Rescue & Kindness||||||||16/02/2021|5,000|
||Woodlands
Animal
Sanctuary||||||||16/02/2021|5,000|
||Bristol &Wales Cat Rescue||||||||16/02/2021|5,000|
||Freshfields
Animal Rescue||||||||16/02/2021|5,000|
||Cuan Wildlife Rescue||||||||16/02/2021|5,000|
||Brent Lodge Bird and Wildlife Trust||||||||16/02/2021|10,000|
||Hope Rescue||||||||23/02/2021|10,000|
||Rushton
Dog Rescue||||||||23/02/2021|1,000|
||London
Inner City Kitties||||||||31/03/2021|5,000|
||Rabbit Residence Rescue||||||||31/03/2021|7,000|
||TAG Pet Rescue||||||||31/03/2021|2,500|
||Rain Rescue||||||||31/03/2021|8,000|
||RSPCA Northamptonshire
Branch||||||||06/04/2021|5,000|
||Hopton Rehab & Homing
Centre||||||||06/04/2021|10,000|
||Secret World Wildlife Rescue||||||||24/06/2021|10,000|
||Cats Protection
—Downpatrick|Branch|||||||24/06/2021|5,000|
||RSPCA Hillingdon,
Slough, Windsor,|||Kingston||& District||Branch|24/06/2021|10,000|
||Teckels Animal
Sanctuaries||||||||24/06/2021|5,000|
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|GRANTS PAYABLE (continu|e|d|)|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Folly Wildlife Wildlife Trust||||||||||24/06/2021|5,000|
|Here4Horses||||||||||24/06/2021|3,000|
|Wild Hogs Hedgehog
Rescue||||||||||24/06/2021|3,000|
|Prevent
Unwanted
Pets||||||||||02/07/2021|3,000|
|Kent Wildlife Rescue Service||||||||||13/07/2021|3,000|
|Rescue Remedies
Dog Rescue||||||||||06/09/2021|5,000|
|Pendle Dogs in Need||||||||||06/09/2021|10,000|
|Idlewild
Animal
Sanctuary||||||||||06/09/2021|5,000|
|Lower Moss Wood Educational|||Reserve||||&|Wildlife|Park|06/09/2021|5,000|
|Refuge4Pets||||||||||06/09/2021|5,000|
|Birch Hill Dog Rescue||||||||||15/09/2021|5,000|
|SARA, Saving and Rehoming||Animals||||||||15/09/2021|5,000|
|Doris Banham
Sanctuary||||||||||29/10/2021|10,000|
|Stray Aid||||||||||29/10/2021|10,000|
|Huge Foundation||||||||||29/10/2021|8,000|
|3Rs Horse Rescue Centre||||||||||29/10/2021|5,000|
|RVC Beaumont
Animals
Hospital||||||||||29/10/2021|10,000|
|The Cat Welfare Group||||||||||29/10/2021|5,000|
|RSPCA Wimbledon,
Wandsworth||||&|Su|tton||District||29/10/2021|5,000|
|Cats in Distress||||||||||29/10/2021|5,000|
|Pet Care Network||||||||||29/10/2021|2,000|
|Sunshine
Cat Rescue||||||||||29/1 0/2021|5,000|
|Hedgehog
Rescue Blackpool||||||||||29/10/2021|1,500|
|Horse Sense Wirral||||||||||11/1 1/2021|5,000|
|Good Life Dog Rescue||||||||||11/11/2021|5,000|
|Street Paws||||||||||26/11/2021|5,000|
|Bright Eyes Animal Sanctuary
Newcastle
Dog &Cat Shelter
Pnckles Hedgehog
Rescue||||||||||26/1 1/2021
26/1 1/2021
26/1 1/2021|5,000
5,000
4,000|
|HART Wildlife Rescue||||||||||26/11/2021|5,000|
|The Pet Charity||||||||||26/1 1/2021|5,000|
|RSPCA
Middlesex,
North West|||and||He||rlfordshire||Branch|26/11/2021|5,000|
|Grants to UK charities working||||overseas:||||||||
|Forgotten
Animals||||||||||26/01/2021|5,000|
|HAT, Himalayan
Animal Treatment|||||Centre|||UK||16/02/2021|5,000|
|NOWZAD||||||||||16/02/2021|7,500|
|WVS, Worldwide
Veterinary|Service|||||||||16/02/2021|10,000|
|Friends of Bianca||||||||||16/02/2021|2,500|
|WeCare Worldwide||||||||||31/03/2021|10,000|
|Friends of Inti Ware Yassi||||||||||01/04/2021|5,000|
|Southern
Thailand
Elephant|Foundation|||||||||06/04/2021|10,000|
|World Protection of Dogs and||Cats in the Meat Trade||||||||18/05/2021|5,000|
|Animal
Spay and Neuter
International
TOLFA, Tree of Life for Animals||||||||||06/09/2021
06/09/2021|4,000
10,000|
|Gambia Horse and Donkey Trust||||||||||06/09/2021|15,000|
|War Paws||||||||||15/09/2021|10,000|
|Kotor Kitties||||||||||26/11/2021|5,000|
|IAPWA, International
Aid for|the||Protection|||||and Welfare ofAnimals||26/11/2021|5,000|
|Ape Action Africa||||||||||26/11/2021|11,500|
|Care 4 Cats||||||||||01/12/2021|5,000|
|Total grants|||||||||||441,200|
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|SUPPORT COSTS|||2021|2020|
|---|---|---|---|---|
||||6||
|Staff costs (note 8)|||26,510|25,926|
|Other|||17,996|15,226|
|Depreciation
oftangible|fixed|assets|5,863|6,274|
|Audit and accountancy|fees||||
|Audit fee|||7,860|7,980|
|Other accountancy||fees|600|450|
||||58,829|55,856|
|STAFF COSTS|||2021|2020|
||||6||
|Salaries and wages|||26,510|25,926|
|Social security costs|||||
|Other pension costs|||||
||||26,510|25,926|
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|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS||Leasehold|Leasehold|Furniture,||
|---|---|---|---|---|---|---|
||||property|and|fixtures and||
||||improvements||equipment|Totals|
||||||6|6|
|COST|||||||
|At 1 January 2021|||1,275,419||35,213|1,310,632|
|Additions|||||||
|At 31 December 2021|||1,275,419||35,213|1,310,632|
|DEPRECIATION|||||||
|At 1 January 2021|||36,025||30,750|66,775|
|Charge for year|||5,037||828|5,865|
|At 31 December 2021|||41,062||31,578|72,640|
|NET BOOK VALUE|||||||
|At 31 December 2021|||1,234,357||3,635|1,237,992|
|At 31 December 2020|||1,239,394||4,463|1,243,857|
|A valuation
ofthe property was carried out||in 2021|which confirmed||that the current valuation|was not materia|
|different
from book cost.|||||||
|FIXEDASSET INVESTMENTS|||||2021|2020|
||||||6||
|MARKET VALUE|||||||
|At 1 January 2021|||||26,968,814|24,443,577|
|Additions|||||9,585,093|4,291,420|
|Disposals and funds|used from portfolios||||(9,206,894)|(5,001,498)|
|Revaluations|||||3,709,003|3,235,315|
|At 31 December 2021|||||31,056,016|26,968,814|
|Comprising:|||||||
|UK equities|||||4,339,820|5,285,921|
|Overseas equities|||||12,568,027|5,235,563|
|UK bonds &fixed interest securities|||||3,050,300|2,234,684|
|Global funds|||||8,886,653|11,602,561|
|Property
funds|||||808,017|1,376,325|
|Other|||||1,403,199|1,233,760|
|Quoted
investments|at market value||||31,056,016|26,968,814|
|Cash balances
held|within the investment|portfolio|||641,876|1,091,474|
|Total fixed asset investments|||||31,697,892|28,060,288|
|Balances held by:|||||||
|Rathbones|||||7,775,547|12,848,529|
|Whitley|||||23,922,345|15,211,759|
||||||31,697,892|28,060,288|
|Cost of hated porffolio|||||24,343,578|22,868,387|
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|The Charity's
i
year-end|nvestme|nt|s|in e|ach o|fthe following
repre|sen|ted
more than 51|6of the manag|ed
portfolio at th|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||6|
|Carne Global Fund Managers(LUX)||||||SA US Select Growth||I Z USO ACC NAV||2,794,596|
|Polen Capital Investment||||Funds PLC Focus US Growth|||D|GBP INSTL DIS UNHGD||2,504,105|
|Fundsmith
LLP Equity||I|Inc Nav|||||||2,537,021|
|KBA Consulting|Management||||Limited
Lindsell|||||1,557,446|
|DEBTORS|||||||||2021|2020|
||||||||||6|6|
|Other debtors|||||||||29,122|40,131|
|Prepayments|||||||||649|1,764|
||||||||||29,771|41,895|
|Other debtors|is made||up of loans given to Liverpool Cat|||||Welfare and North|Clwyd Animal|Rescue of E9,1|
|and F20,000 respectively.|||||||||||
|CREDITORS:|Amounts|||falling due||within one year|||||
||||||||||2021|2020|
||||||||||6|6|
|Social security|and other|||taxes|||||1,418|1,415|
|Accrued expenses|||||||||55,849|36,466|
||||||||||57,267|39,881|
|ANALYSIS OF CHARITABLE FUNDS|ANALYSIS OF CHARITABLE FUNDS|ANALYSIS OF CHARITABLE FUNDS|ANALYSIS OF CHARITABLE FUNDS|||||
|---|---|---|---|---|---|---|---|
||||Balance b/fwd|Income|Expenditure|Gains and|Fund C/fwd|
|||||||Losses||
||||6|||6|6|
|Unrestricted||funds||||||
|General|funds||29,707,665|417,616|(666,903)|3,709,003|33,167,581|
|TOTAL|FUNDS||29,707,665|417,816|(666,903)|3,709,003|33,167,581|
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|RECONCILIATION|||OF NET C|AS|H (USED IN) OPERATIN|G ACTIVIT|IES||
|---|---|---|---|---|---|---|---|---|
||||||||2021f|2020
6|
|Net income/(loss)|for the reporting||||period incl. investment|gains|3,459,916|3,130,132|
|Adjustments
for:|||||||||
|Interest|and||dividends||||(417,706)|(413,998)|
|(Gains)/|I|oases on investments|||||(3,709,003)|(3,283,353)|
|Investment|||management||fees paid directly out of||||
|investments|||||||166,874|118,363|
|Depreciation|||||||5,863|6,274|
|(Increase)/|||in debtors||||12,124|(1,219)|
|increase/||(decrease)||in creditors|||(17,386)|(6,854)|
||||||||(499,318)|(450,655)|