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2022-12-31-accounts

Page
Reference and administrative information
Trustees'
Annual
Report
Independent Auditors'
Report		 32
Consolidated Statement of Financial Activities 36
Consolidated Balance Sheet 37
Charity Balance Sheet 38
Consolidated Statement ofCash Flows 39
Notes to the Financial Statements 40

Trustees: Damian
Aspinall		 (Chair) (Chair)
Robin Birley
(resigned		 1 May 2023)
Charles
Filmer
Ben Goldsmith (resigned 1 May 2023)
Tansy Aspinall
Maarten
Petermann
Charity number: 326567
Registered office: Port Lympne Reserve
Lympne
Nr. Ashford
Kent
CT 21 4PD
Auditors: Goldwins
Limited
75 Maygrove
Road
West Hampstead
London
NW6 2EG
Bankers Barclays Bank pic
93Baker Street
London
W1A4SD
Solicitors Girlings Solicitors LLP
Stourside Place
Station Road
Ashford
Kent
TN23 1PP
Investment advisors Slater Investment Limited
Nicholas House
3Laurence
Pountney		 Hill
London
EC4R OEU

Total Total
Unrestricted Restricted Funds Funds
Note Funds Funds 2022 2021
F.'000 F'000 F.'000 F'000
Income from:
Donations
and legacies		 1,500 247 1,747 1,917
Other trading
activities		 37 37 51
Investment
income		 137 137 357
Total income 1,674 247 1,921 2,325
Expenditure
on:
Raising funds 904 904 843
Charitable
activities		 2,087 104 2,191 2,436
Total expenditure 2,991 104 3,095 3,279
Net gains/(losses) on investments 12 (2,210) (2,210) 2,025
Net income/(expenditure) for the year (3,527) 143 (3,384) 1,071
Other gains/(losses) 27 27 (15)
Net movement
in		 funds (3,500) 143 (3,357) 1,056
Reconciliation
of		 funds: 28
Total funds brought forward 38,262 469 38,731 37,675
Total funds carried forward 34,762 612 35,374 38,731

Notes 2022 2021
F'000 E'000 f.'000 6'000
Fixed assets
Tangible assets 10 24,416 24,576
Investments 12 9,805 9,985
34,221 34,561
Current assets
Stock 16 15
Debtors 14 1,528 1,871
Cash at bank and in hand 1,008 4,773
C dit: t fI gd gh( rr 2,551
~648		 6,644
1,224
year
Net current assets 1,903 5,420
Total assets less current liabilities 36,124 39,981
Creditors: amounts falling due after more than
one year 20 (750) (1,250)
Total net assets 35,374 38,731
Funds ofthe Charity
Restricted funds 28 612 469
Unrestricted
funds:		 28
General reserves 21,566 25,066
Revaluation
reserve		 13196 13,196
Total unrestricted funds 34,762 38,262
Total funds 35,374 38,731

Notes 2022 2021
6'000 k'000 E'000 F'000
Fixed assets
Tangible assets 11 24,416 24,576
Investments 13 9,805 9,985
34,221 34,561
Current assets
Stock 17 15
Debtors 15 1,528 1,871
Cash at bank and in hand 864 4,629
2,407 6,500
Creditors: amounts falling due within one
year 19 (648) (1,224)
Net current assets 1,759 5,276
Total assets less cunent liabilities 35,980 39,837
Creditors: amounts falling due after more
than one year 21 (750) (1,250)
Total net assets 35,230 38,587
Funds ofthe Charity
Restricted funds 29 508 365
Unrestricted
funds:		 29
General reserves 21,526 25,026
Revaluation
reserve		 13,196 13,196
Total unrestricted funds 34,722 38,222
Total funds 35,230 38,587

2022 2022 2021 2021
Notes 6'000 F000 F'000 6'000
Cash flows from operating
activities:
Net cash provided
by / (used in) operating		 activities 22 (1,895) (749)
Cash flows from investing
activities:
Interest/
rent/ dividends
from investments		 137 357
Sale/ (purchase) offixed assets investments
Sale/ (purchase) offixed assets		 (2,030)
~4		 2,453
~36
Cash provided
by / (used in) investing		 activities 1,897 2,774
Change
in cash and cash equivalents		 in the year (3,792) 2,025
Cash and cash equivalents
at the beginning		 ofthe year 4,773 2,763
Change
in cash and cash equivalents
due		 to exchange rate movements 27 (15)
Cash and cash equivalents
at the end		 ofthe year 23 1,008 4,773

2 Detailed comparative s
for the statement of		 financial activities
Unrestricted Restricted Total
Funds Funds Funds
L'000 L'000 6'000
Income from:
Donations
and legacies		 1,544 373 1,917
Other trading
activities		 51 51
Investment
income		 357 357
Total income 1,952 373 2,325
Expenditure
on:
Raising funds 843 843
Charitable
activities		 2,179 257 2,436
Total expenditure 3,022 257 3,279
Net gains
/ (losses) on investments		 2,025 2,025
Net income for the year 955 116 1,071
Other gains/losses (15) (15)
Net movement
in funds		 940 116 1,056
Reconciliation
offunds:
Total funds brought forward 37,322 353 37,675
Total funds carried forward 38,262 469 38,731
3 Income from donations
2022 2021
f.'000 f.'000
Legacies 158 300
Donations 1,365 1,477
Animal sponsorships 224 129
Grants 11
1,747 1,917
2022 2021
4 Income from other trading activities F'000 F'000
Other 37 51
37 51

5 Income from investments investments investments 2022 2022 2021
F'000 F'000
Income from listed investments 30 257
Rental income 54 56
Interest on loans 53 44
137 357
6 Expenditure
Raisin Funds Charitable Activities
Costs of TAF t»ner
basis of Gsnsruuna Costs of Overseas Char»abls Governance
Auocstion Funds Investment Fl'oiocts projects Support Costs Costs 2022 2021 Total
f'000 F'000 F'000 f'000 f'000 f000 f'000 f'000
Costa directly allocated to
acbvities
Staff costs Direct 326 377 116 819 778
Fundrsising costs Direct 305 305 281
Donaticns Direct 1,012 1,012 957
Maintenance Dllact 65 65 52
Depreciation Direct 164 164 167
Legal and professional fees Dimct 156 243 399 640
Support costs allocated to
acbvities Income/
Other omrheads Dimct 30 91 124 86
661 1,480 124 587 243 3,095 3,279
Support costs 172 415 (587)
Governance costs 71 172 (243)
Total expenditure 2022 1,480 711 3,095
Total expenditure 2021 3 1,386 1,050 3,279

Net income
/ (expenditure)		 for the year
2022 2021
This is stated after charging I (crediting): f.'000 f.'000
Auditors'
remuneration		 10 10
Depreciation 164 167

Analysis
of staff costs, trustee
remuneration
and
personnel		 expenses,
and the cost of key mana		 gement
2022 2021
F.'000 F.'000
Salaries and wages 721 697
Social security costs 64 55
Pension costs 21 19
Other staff costs 13 7
819 778
f70,000 -f79,999
F80,000 - F89,999
The average
number ofemployees		 during the period was:
2022 2021
No. No.
2022 2021
No. No.
22 22

Freehold Furniture,
and Long Fixtures,
Leasehold F&ne Motor and
Property Art Vehicles Equipment Total
F.'000 F'000 F'000 F'000 F'000
Cost
At 1 January 2022 22,966 3,108 36 120 26,230
Additions 4 4
Disposals
At 31 December 2022 22,966 3,108 36 124 26,234
Depreciation
At 1 January 2022 1,564 81 1,654
Charge for the year 145 10 164
At 31 December 2022 1,709 18 91 1,818
Net Book Value
At 31 December 2022 21,257 3,108 18 33 24,416
At 31 December 2021 21,402 3,108 27 39 24,576

Freehold Furniture,
and Long Fixtures,
Leasehold Fine Motor and
Property Art Vehicles Equipment Total
F'000 F'000 F'000 F'000 F'000
Cost
At 1 January 2022 22,966 3,108 36 120 26,230
Additions 4 4
Disposals
At 31 December 2022 22,966 3,108 36 124 26,234
Depreciation
At 1 January 2022 1,564 81 1,654
Charge for the year 145 10 164
At 31 December 2022 1,709 18 91 1,818
Net Book Value
At 31 December 2022 21,257 3,108 18 33 24,416
At 31 December 2021 21,402 3,108 27 39 24,576

2022 2021
F'000 F'000
Investments at fair value
Listed investments - UK 9,691 9,871
Unlisted
investments		 at Trustees' valuation 114 114
9,805 9,985
Movements
Market value at 1 January 2022 9,985 10,413
Additions 2,030 264
Disposals (2,717)
Net investment gains/(losses) 2,210 2,025
Market value at 31 December 2022 9805 9985
13 Fixed Asset Investments -Charity
2022 2021
F'000 F'000
Investments at fair value
Listed investments - UK 9,691 9,871
Unlisted
investments		 at Trustees' valuation 114 114
9,805 9,985
Movements
Market value at 1 January 2022 9,985 10,413
Additions 2,030 264
Disposals (2,717)
Net investment gains/(losses) 2,210 2,025
Market value at 31 December 2022 9805 9985
14 Debtors
-Group
2022 2021
F'000 F'000
Trade debtors 6 109
Long term debtors 1,250 1,750
Other debtors 272 12
1,528 1,871
15 Debtors
-Charity
2022 2021
F'000 F'000
Trade debtors 6 109
Long term debtors 1,250 1,750
Other debtors 272 12
1,528 1,871

16 Stock - Group
2022 2021
F'000 F'000
Stock 15
17 Stock - Charity
2022 2021
F'000 F'000
Stock 15
18 Creditors: amounts falling due within one year - Group
2022 2021
F'000 F'000
Bank loans and overdraft 508 501
Trade creditors 51 443
Other creditors 3 3
Other taxes and social security 15 20
Accruals 71 257
648 1,224
19 Creditors: amounts falling due within one year - Charity
2022 2021
F'000 F'000
Bank loans and overdraft 508 501
Trade creditors 51 443
Other creditors 3 3
Other taxes and social security 15 20
Accruals 71 257
648 1,224
20 Creditors: amounts falling due after more than one year - Group
2022 2021
F'000 F'000
Bank loans 750 1,250
750 1,250
21 Creditors: amounts falling due after more than one year - Charity
2022 2021
F'000 F'000
Bank loans 750 1,250
750 1,250

Reconciliation
ofne		 t income
/ (expendit		 ure)
to net cash flow fro		 m operating
activities
2022 2021
F.'000 F.'000
Net income/(expenditure)
for the reporting		 period (3,384) 1,071
Interest,
rent and dividends
from investments		 (137) (357)
Depreciation
charges		 164 167
(Gains)/ losses on investments 2,210 (2,025)
(Increase)
/ decrease		 in debtors 343 333
(Increase)
/ decrease		 in stock (15)
Increase
/ (decrease)		 in creditors 1,076 62
Net cash provided
by		 / (used in) operating activities 1,895 749

Total Total
2022 2021
F'000 F'000
1,008 4,773
1,008 4,773

Analysis of Net Assets between
Funds
-Gro		 up
General Restricted Total
Funds Funds 2022
F'000 F'000 F'000
Tangible fixed assets 24,416 24,416
Investments 9,805 9,805
Current assets 1,939 612 2,551
Current liabilities (648) (648)
Non-current
liabilities		 750 750
At 31 December 2022 34,762 612 35,374

Analysis of Net Assets between
Funds
-Gro		 up 2021
General Restricted Total
Funds Funds 2022
F'000 F'000 F'000
Tangible fixed assets 24,576 24,576
Investments 9,985 9,985
Current assets 6,175 469 6,644
Current liabilities (1,224) (1,224)
Non-current
liabilities		 1,250 1,250
At 31 December 2021 38,262 469 38,731

Analysis of Net Assets between
Funds
-Cha		 rity
General Restricted Total
Funds Funds 2022
F'000 E'000 E'000
Tangible fixed assets 24,416 24,416
Investments 9,805 9,805
Current assets 1,899 508 2,407
Current liabilities (648) (648)
Non-current
liabilities		 750 750
At 31 December 2021 34,722 508 35,230

Analysis of Net Assets between
Funds - Cha		 rity 2021
General Restricted Total
Funds Funds 2019
E'000 E'000 E'000
Tangible fixed assets 24,576 24,576
Investments 9,985 9,985
Current assets 6,135 365 6,500
Current liabilities (1,224) (1,224)
Non-current
liabilities		 1,250 1,250
At 31 December 2021 38,222 365 38,587

Movement in Fu nds - Group
At the
start ofthe Expenses 8 At the end
year Income & gains losses Transfers ofthe year
E'000 E'000 E'000 E'000 E'000
Restdcted funds: 469 247 (104) 612
Total restricted funds 469 247 (104) 612
Unrestricted funds:
General funds 38,262 1,701 (5,201) 34,762
Total unrestricted funds 38,262 1,701 (5,201) 34,762
Total funds 38,731 1,948 5,305 35,374

Movement in Fu nds - Charity
At the
start ofthe Expenses & Transfers At the end
year Income & gains losses ofthe year
6'000 f'000 f'000 f'000 f'000
Restricted funds: 365 247 (104) 508
Total restricted funds 365 247 (104) 508
Unrestricted funds:
General funds 38,222 1,701 (5,201) 34,722
Total unrestricted funds 38,222 1,701 (5,201) 34,722
Total funds 38,587 1,948 5,305 35,230

olidated
accounts,
management

ared.		 accounts
for the
period
ending
 31 December
2022 ha		 ve
been
2022 2021
E'000 E'000
Assets at 31 December 2022 144 144
Liabilities at 31 December 2022
Reserves at 31 December 2022 144 144
Gross income for the period ending 31 December 2022 259 330
Expenditure
for the period ending 31 December 2022		 258 186
Surplus for the period ending 31 December 2022 1 144