| Page | |||
|---|---|---|---|
| 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 | 11to 20 |
| Notes | Total | Total | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| Funds | Funds | |||||
| 2022 | 2021 | |||||
| 6 | ||||||
| Income: | ||||||
| Donations and |
legames | 58,606 | 110 | |||
| Investment income |
598,197 | 417,706 | ||||
| Other income | 348 | |||||
| Total income | 657,151 | 417,816 | ||||
| Expenditure: | ||||||
| Raising funds | 194.942 | 166,874 | ||||
| Expenditure on |
chantable | actwities | ||||
| Animal welfare |
677,644 | 500 029 | ||||
| Total expenditure | 872,586 | 666,903 | ||||
| Net (losses)l gains | on investments | 10 | (6,544,425) | 3,709,003 | ||
| Net (expenditure)/income | (6759,860) | 3,459,916 | ||||
| Net movement | in funds | (6,759,860) | 3,459,916 | |||
| Reconciliation | offunds | |||||
| Total funds brought | forward | 33,167,581 | 29.707.665 | |||
| Total funds carried forward | 13 | 26,407,721 | 33,167,581 |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible assets | 9 | 1.232,067 | I 237992 | |||
| Investments | 10 | 25.007,058 | 31,697,892 | |||
| 26,239,125 | 32 935,884 | |||||
| Current assets | ||||||
| Debtors | 705 | 29,771 | ||||
| Cash at bank | 228,223 | 259 193 | ||||
| 228,928 | 288,964 | |||||
| Creditors | amounts | falkng due within one year | 12 | (60,332) | (57,267) | |
| Net current | assets | 168,596 | 231,697 | |||
| Total assets | less current liabilities | 26407,721 | 33,167,581 | |||
| Net assets | 26,407,721 | 33,167,581 | ||||
| The funds | ofthe Charity | |||||
| Unrestncted | funds | 13 | 26407,721 | 33,167,581 | ||
| Total funds | 26,407,721 | 33,167,581 |
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| 5 | 6 | ||||
| Net cash used in operating |
activities | 15 | (263,077) | (499,318) | |
| Cash flows from investing Dividends and interest from |
activities investments |
598,197 | 417,706 | ||
| Purchase of investments |
(14,785,265) | (9,585,093) | |||
| Proceeds from sale of investments | 14,419,175 | 9,524 392 | |||
| Net cash provided by investing activities |
232 107 | 357.005 | |||
| Change in cash and cash |
equivalents | in the year | (30,970) | (142313) | |
| Cash and cash equivalents | brought forward |
259,193 | 401.506 | ||
| Cash and cash equivalents | carried forward | 228,223 | 259,193 |
| INVESTMENT INCOME |
2022 | 2021f | |||
|---|---|---|---|---|---|
| Dividends and interest received |
on investment | portfolio | 598,197 | 417,706 | |
| 5. | COSTS OF RAISING FUNDS | 2022 | 2021f | ||
| Investment management tees |
194,942 | 166.874 |
| EXPE | NDITURE ON CHA | RITABLE ACTIVITIES | |||
|---|---|---|---|---|---|
| Grant funded | |||||
| activity | Support | ||||
| (note 6.1) f |
costs (note 7) f |
Total 2022 f |
Total 2021 f |
||
| Animal | welfare | 605 173 | 72,470 | 677,643 | 500,029 |
| 6.1 GRANTS PAYABLE |
Date | ||||
| Grants to charities operating | in the | UK: | |||
| Almost Home Dog Rescue | 28/02/2022 | 5000 | |||
| Brent Lodge Bird & Wildhfe Trust | 28/02/2022 | 10,000 | |||
| Fox Angel Foundation | 28/02/2022 | 1,000 | |||
| Freshfields Animal Rescue |
28/02/2022 | 6,208 | |||
| Guardian Angels Bird Sanctuary |
28/02/2022 | 1 000 | |||
| Harper Asprey Wildhfe Rescue |
28/02/2022 | 3,825 | |||
| Maesteg Animal Welfare Society |
28/02/2022 | 4 000 | |||
| Rabbit Rescue Residence | 28/02/2022 | 4.500 | |||
| TAK —Todwick & Kiverton Rescue & Rehoming |
Centre | 28/02/2022 | 4.000 | ||
| North East Wildhfe & Animal Rescue Centre | 28/02/2022 | 4,000 | |||
| Lodge Bird and Wild donation | 28/02/2022 | 27 | |||
| Ark Angels Animal Rescue |
01/03/2022 | 3,000 | |||
| Jackson's Animal Rescue |
19/04/2022 | 10,000 | |||
| RSPCA Coventry & Distnct |
19/04/2022 | 5.000 | |||
| Street Vet | 19/04/2022 | 10,000 | |||
| Wildhfe Rescue | 19/04/2022 | 11,000 | |||
| international Otter Survival Fund |
19/04/2022 | 6,000 | |||
| Bird Aid Eastbourne | 27/04/2022 | 4,000 | |||
| Carta lane Animals in Need |
27/04/2022 | 20,000 | |||
| Wildfowl and Wetlands Trust |
27/04/2022 | 10,000 | |||
| Bodmin Moorland Pony Rehabilitation |
13/07/2022 | 5.000 | |||
| German Shepherd Rescue South |
13/07/2022 | 5,000 |
| 6.1 GRANTS PAYABLE (continued) |
6.1 GRANTS PAYABLE (continued) |
6.1 GRANTS PAYABLE (continued) |
6.1 GRANTS PAYABLE (continued) |
|---|---|---|---|
| Hopton Rehab & Rehoming | Centre | ||
| Little Paws Ferret Rescue | |||
| RSPCA Wirral &Chester Branch |
|||
| Sidmouth Animal Welfare Society |
|||
| UK Wild Otter Trust | |||
| Woodlands Animal Sanctuary |
|||
| Garbo's GSD Rescue | |||
| London Inner City Kitties |
|||
| Secret World Wildhfe Rescue | |||
| K-9 Rescue Remedy | |||
| Animal Support Angels |
|||
| Cats Protection - Swansea |
& Distnct Branch | ||
| Cavahers In Need |
|||
| Cuan Wildhfe Rescue | |||
| Forever Hounds Trust |
|||
| Happy Landings Animal |
Rescue Centre | ||
| Labradors in Need |
|||
| RSPCA North Wiltshire | 8, Newbury | ||
| RSPCA Northamptonshire | |||
| Borders Pet Rescue | |||
| Cat Watch Rescue Shelter | |||
| Hope Rescue | |||
| Bhss Cavaher Rescue | |||
| Linbee Dog Rehoming | |||
| Happy Staffie Rescue |
|||
| Cats in Distress | |||
| Hill Pony Resources Group | |||
| South of Scotland Wildhfe | Hospital | ||
| Pet Foodbank Service |
|||
| Liverpool Cat Welfare | |||
| RVC Beaumont Animal |
Hospital | ||
| Toe Beans Cat Rescue | |||
| Schnauzerfest | |||
| Horse Sense Wirral | |||
| HART Wildhfe Rescue | |||
| Red Foundation | |||
| PUP Prevent Unwanted |
Pets | ||
| Pet Care Network |
|||
| Tia Greyhound and Lurcher |
Rescue | ||
| Wild Hogs Hedgehog Rescue |
|||
| Wethenggs Animal Rescue |
|||
| Teckels Animal Sanctuary |
| Date | |
|---|---|
| 13/07/2022 | 7 500 |
| 13/07/2022 | 3,000 |
| 13/07/2022 | 5000 |
| 13/07/2022 | 5,000 |
| 13/07/2022 | 3.000 |
| 13/07/2022 | 5,000 |
| 15/07/2022 | 3,000 |
| 15/07/2022 | 5,000 |
| 15/07/2022 | 10,000 |
| 19/07/2022 | 2 000 |
| 17/08/2022 | 4 000 |
| 17/08/2022 | 10000 |
| 17/08/2022 | 10,000 |
| 17/08/2022 | 12,000 |
| 17/08/2022 | 5,000 |
| 17/08/2022 | 10,000 |
| 17/08/2022 | 3.000 |
| 19/08/2022 | 5000 |
| 19/08/2022 | 5,000 |
| 19/08/2022 | 20,000 |
| 30/08/2022 | 10,000 |
| 16/09/2022 | 25 000 |
| 31/10/2022 | 5000 |
| 31/'I 0/2022 | 3,000 |
| 31/10/2022 | 3000 |
| 31/10/2022 | 4,000 |
| 31/10/2022 | 2,000 |
| 31/10/2022 | 2.000 |
| 31/10/2022 | 3,000 |
| 01/11/2022 | 8,121 |
| 02/11/2022 | 10,000 |
| 02/1 1/2022 | 2,000 |
| 24/1 1/2022 | 3000 |
| 24/1 1/2022 | 10,000 |
| 24/1 1/2022 | 5.000 |
| 24/1 1/2022 | 7000 |
| 24/1 1/2022 | 4000 |
| 24/11/2022 | 4,000 |
| 24/1 1/2022 | 5,000 |
| 24/11/2022 | 4,000 |
| 29/1 1/2022 | 5.000 |
| 02/12/2022 | 5000 |
| Grants to UK charities working overseas: | Grants to UK charities working overseas: | Grants to UK charities working overseas: | ||
|---|---|---|---|---|
| Paxos Animal Welfare |
28/02/2022 | 4,000 | ||
| Safe Haven for Donkeys in the |
Holy Land | 28/02/2022 | 6000 | |
| Southern Thailand Elephant Foundation |
28/02/2022 | 10000 | ||
| Vizslamentes UK Rescue Trust |
01/03/2022 | 10000 | ||
| Tahira Animal Welfare Foundation |
19/04/2022 | 5,000 | ||
| Tigers4Ever Helping Rhinos |
19/04/2022 27/04/2022 |
5,192 15,000 |
||
| Worldwide Vetennary Services |
(WVS) | 27/04/2022 | 11,000 | |
| Fnends of lnti Wara Yassi | 13/07/2022 | 5,000 | ||
| Globalteer - PAWS |
13/07/2022 | 3000 | ||
| Himalayan Animal Treatment Centre UK (HAT) |
13/07/2022 | 5000 | ||
| Annie's Trust |
17/08/2022 | 5,000 | ||
| Kathmandu An~mal Treatment |
Centre | UK | 17/08/2022 | 3000 |
| Soi Dogs UK Sumatran Orangutan Soaety |
17/08/2022 17/08/2022 |
17,000 10,000 |
||
| Vizslamentes UK Rescue Trust |
17/08/2022 | 17,000 | ||
| Animal Support Angels Galapagos Conservation Trust Rainforest Concern |
17/08/2022 19/08/2022 19/08/2022 |
4 000 5000 6.000 |
||
| TOLFA, Tree of Life for Animals | 31/10/2022 | 10,000 | ||
| Worldwide Vetennary Sennces |
flood emergency | 02/11/2022 | 15,000 | |
| Tahira Animal Welfare Foundation |
02/11/2022 | 5,000 | ||
| Wildkfe Vets International | 24/1 1/2022 | 9000 | ||
| Gambia Horse & Donkey Trust |
24/11/2022 | 2 500 | ||
| Care4Cats | 24/1 1/2022 | 4000 | ||
| Uganda Conservation Foundation Jai Dog Rescue |
29/11/2022 08/1 2/2022 |
9,300 10,000 |
||
| Total grants | 605,173 |
| GRANTS PAYABLE | (contin | (contin | ued) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| As at 31 December | 2022. | the Trust | also had | outstanding | pledges | to | chanties | totalhng | f47,500 (2021 | ||||||
| 620,000) These pledges are not legally |
binding | and are conditional | upon | the Trustees | being satisfied | that | |||||||||
| certain conditions have |
been met by | the | proposed | donees | and | as such, | have not |
been | provided in these |
||||||
| accounts | |||||||||||||||
| SUPPORT COSTS | 2022 | 2021 | |||||||||||||
| 6 | |||||||||||||||
| Staff costs (note 8) | 33,586 | 26,510 | |||||||||||||
| Other | 22,608 | 17,996 | |||||||||||||
| Depredation of tangible |
fixed | assets | 5,926 | 5,863 | |||||||||||
| Audit and accountancy | fees | ||||||||||||||
| Audit fee | 7,400 | 7,860 | |||||||||||||
| Finanoal statements |
preparation | fees | 2,400 | ||||||||||||
| Other accountancy | fees | 550 | 600 | ||||||||||||
| 72,470 | 58,828 | ||||||||||||||
| STAFF COSTS | 2022 | 2021 | |||||||||||||
| 6 | 6 | ||||||||||||||
| Saianes and wages | 33,497 | 26,510 | |||||||||||||
| Somal secunty costs | |||||||||||||||
| Other pension costs | 89 | ||||||||||||||
| 33,586 | 26,510 |
| TANGIBLE FIXED | ASSETS | ASSETS | Leasehold | Leasehold | Leasehold | Furniture, | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| property | and | fixtures and | |||||||||
| improvements | equipment | Totals | |||||||||
| E. | E | E | |||||||||
| COST | |||||||||||
| At 1 January 2022 |
1,275,419 | 32.213 | 1,310,632 | ||||||||
| Additions | |||||||||||
| At 31 December 2022 | 1,275,419 | 32,213 | 1,310,632 | ||||||||
| DEPRECIATION | |||||||||||
| At 1 January 2022 | 41,062 | 31,578 | 72,640 | ||||||||
| Charge for year |
5,254 | 671 | 5.925 | ||||||||
| At 31 December 2022 | 46,316 | 32,249 | 78,565 | ||||||||
| NET BOOK VALUE | |||||||||||
| At 31 December 2022 | 1,229,103 | 2,964 | 1,232,067 | ||||||||
| At 31 December 2021 | 1,234,357 | 3635 | 1.237,992 | ||||||||
| A valuation of the |
property | was earned | out | in 2021 | which | confirmed | that the current | valuation | was not | ||
| matenally different |
from book | cost | |||||||||
| FIXEDASSET INVESTMENTS | 2022 | 2021 | |||||||||
| E | |||||||||||
| MARKET VALUE | |||||||||||
| At 1 January 2022 |
31 056,016 | 26,968,814 | |||||||||
| Additions | 14785.265 | 9,585,093 | |||||||||
| Disposals and funds |
used from portfokos | (16,069,331) | (9,206,894) | ||||||||
| Revaluations | (6544,425) | 3,709.003 | |||||||||
| At 31 December 2022 | 23,227,525 | 31.056.016 | |||||||||
| Comprising: | |||||||||||
| UK equities | 2 064.922 | 4,339,820 | |||||||||
| Overseas equities |
9,805,861 | 12 568,027 | |||||||||
| UK bonds 8, fixed interest secunties | 4.293,575 | 3,050,300 | |||||||||
| Global funds | 5,195,612 | 8,866.653 | |||||||||
| Property funds Other |
875,339 992,216 |
808,017 1,403,199 |
|||||||||
| Ouoted investments |
at market value | 23,227,525 | 31,056,016 | ||||||||
| Cash balances held |
within the investment | portfolio | 1,779,533 | 641,876 | |||||||
| Total fixed asset investments | 25,007,058 | 31,697,892 | |||||||||
| Balances heid by Rathbones |
6,523956 | 7,775 547 | |||||||||
| Whitley | 18,483,102 | 23 922,345 | |||||||||
| 25,007,058 | 31,697,892 | ||||||||||
| Cost of listed porffolio | 25,401 918 | 24,343.578 |
| The Chanty's investme year-end |
nts | in e | ach o | f | the following repre |
sen | ted more than 5'%%d of the managed |
portfoho at th |
|---|---|---|---|---|---|---|---|---|
| f | ||||||||
| Carne Global Fund Managers(LUX) | SA US Select Growth | I2 USD 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 | 1,657,446 | |||||
| DEBTORS | 2022 | 2021 | ||||||
| 8 | 8 | |||||||
| Other debtors | 29, 122 | |||||||
| Prepayments | 705 | 849 | ||||||
| 705 | 29,771 | |||||||
| CREDITORS: Amounts | falling due | within one year | ||||||
| 2022f | 2021f | |||||||
| Social secunty and other | taxes | 1,830 | 1,418 | |||||
| Pension habilities |
155 | |||||||
| Accrued expenses | 58,347 | 55,849 | ||||||
| 60,332 | 57,267 |
| 13. | 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 | ||||||||
| 8 | 8 | |||||||
| Unrestricted | funds | |||||||
| General | funds | 33,187,581 | 857,151 | (872,587) | (6,544,425) | 26,407,721 | ||
| TOTAL | FUNDS | 33,167,581 | 657,151 | (872,586) | (6,544,425) | 26,407,721 |
| 2022f | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Net income/(loss) for |
the | reporting | penod | incl | investment | gains | (6,769,861) | 3459,916 | |
| Adlustments for |
|||||||||
| Interest and | dividends | (598,197) | (417,706) | ||||||
| Losses/(Gains) | on investments | 6861.981 | (3,709,003) | ||||||
| Investment management |
fees paid directly out of | ||||||||
| investments | 194942 | 166874 | |||||||
| Depreaation | 5,926 | 5,863 | |||||||
| Decrease in |
debtors | 29,066 | 12,124 | ||||||
| Increase/ (decrease) |
in | creditors | 3065 | (17,386) | |||||
| (263,078) | (499,318) |