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||||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|
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|||||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|
##
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||||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|
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||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|
##
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##
|||||||||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)|