**REGISTERED CHARITY NUMBER: 509784**
**Unaudited Financial Statements for the Year Ended 31 December 2021**
**for**
**Leicester Animal Rescue**
The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP
**Leicester Animal Rescue**
**Contents of the Financial Statements for the Year Ended 31 December 2021**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Cash Flow Statement**|10|
|**Notes to the Cash Flow Statement**|11|
|**Notes to the Financial Statements**|12 to 23|
**Leicester Animal Rescue**
**Reference and Administrative Details for the Year Ended 31 December 2021**
**TRUSTEES** Mrs D Crick Mrs P A McNeill Mrs J J Wallis **MANAGEMENT COMMITTEE** Mrs D Crick (Chairperson) Mrs P A McNeill Mrs J V Randon Mrs J J Wallis Mrs C M Wigg Miss J M Newman Mrs T Bennett **PRINCIPAL ADDRESS** 53 Linden Drive Evington Leicester LE5 6AJ **REGISTERED CHARITY NUMBER** 509784
**INDEPENDENT EXAMINER** The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP **INVESTMENT ADVISORS** Andrew Bourne & Co IFA Ltd Regent House 1 Stoughton Road Oadby Leicester LE2 4DS **BANKERS** HSBC Bank plc 11 Hinckley Road Leicester LE3 0LG **SOLICITOR** HCB Solicitors Belvoir Chambers 17 Bowling Green Street Leicester LE1 6AS
Page 1
**Leicester Animal Rescue**
## **Report of the Trustees for the Year Ended 31 December 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity are the care and protection of stray and unwanted animals, the relief of pain and suffering and sickness among animals and the prevention of cruelty to animals.
## **Public benefit**
The whole ethos of Leicester Animal Rescue activities is on a charitable basis of benefit to the general public, mainly covering the City of Leicester and County of Leicestershire.
The shelter takes in dogs and cats from all sections of the community and re-homes within the area and also neighbouring counties. The shelter provides employment by engaging staff from the local area. We receive generous support from a broad section of the local community.
Our charity shop, based in the inner city area, provides reasonably priced, good quality items to this poorer community. We have operated the charity shop from these premises for 50 years and the customers, mainly local residents, greatly value and have come to rely on the wide range of goods we have for sale. All our stock is donated by the public for the sole purpose of assisting our charity to raise sufficient funds to run the animal shelter.
In planning our activities for the year we kept in mind the Charity Commission guidance on public benefit at our trustees meeting.
## **ACHIEVEMENT AND PERFORMANCE**
## **Investment performance**
During the year the Charity has invested £550,000 through Brewin and Dolphin of which £424,690 was invested in listed investments. The trustees have unrestricted powers of investment. Under the Trust Deed, the trustees are empowered to invest in a wide range of investments including land.
The trustees consider that the investments are soundly based in government securities and blue chip stocks with the objective of investing for income and the prospect of longer-term capital growth. Their attitude to risk is medium to low and this definition is applied by the charity's investment managers in undertaking their review and management of the portfolio.
Page 2
**Leicester Animal Rescue**
## **Report of the Trustees for the Year Ended 31 December 2021**
## **ACHIEVEMENT AND PERFORMANCE Fairwinds Shelter**
During 2021 75 dogs/puppies and 185 cats/kittens were re-homed via our "Fairwinds Animal Shelter". Also returned 14 stray dogs to their owners. Following adoption 7 dogs were returned to the shelter within a very short time, due mainly to the new owners being unable to give the dogs a chance to settle down in their new environment. These canines were re-homed within the year and settled down to a secure life with more patient new owners. Our policy continued to have all dogs and cats castrated/spayed, vaccinated and micro-chipped prior to adoption.
From Spring '21 we experienced a considerable reduction in the number of dogs needing to come into the shelter. On enquiring to other local rescue centres we are in contact with, we found they were in a similar situation to us. Whilst re-homing continued quite successfully but on a lower scale than we have been used to in recent years, the number of dogs in the shelter at any one time was much lower. This was not the case with cats requiring re-homing although the number of kittens was lower than previous years.
When the daily routines have been carried out, as much time as possible is dedicated to exercising and training the canines to improve their behaviour and lead to them going to new homes more swiftly. The senior staff take some of the dogs off-site to enable them to encounter every-day situations - traffic, other pets being walked, etc. New owners have an opportunity to attend further training sessions at the shelter with our staff.
During the year we continued to re-home within our adoption areas of Leicestershire, Northants, Lincolnshire and Warwickshire. We advertise weekly in our local press and the website is beneficial in obtaining prospective new owners.
Our shelter staff and volunteers achieved a successful year in running the shelter to the high standard and efficiency we require, particularly in such difficult times. Homes for dogs are always visited by our staff prior to the adoption process and this continued to be carried out safely under the restrictions in force.
We ordered a new Vauxhall Combo van for the shelter use in April 2021. This vehicle was delivered in Mid-October and the previous vehicle, purchased in 2012, was sold.
## **Covid 19**
During the January to April lockdown the Trustees agreed that the shelter should remain open, to enable dogs and cats to continue to be taken in, by dealing with the transfers in the open air - adhering to all restrictions and regulations require. Re-homing also continued.
Page 3
**Leicester Animal Rescue**
## **Report of the Trustees for the Year Ended 31 December 2021**
## **ACHIEVEMENT AND PERFORMANCE – continued "Fairwinds Bungalow"**
This building is an essential part of our organisation. Having the shelter manager live 'on site' is imperative to our operating the shelter, from a security point of view also to be in attendance to deal with animals in the kennels and cattery 'out of hours' when staff are not available. Whilst minimum alterations and up-dating have been carried out over the years to the building, no major work has been undertaken. The accommodation only provided 2 bedrooms and, following discussions with the manager who will be having her second child in February '22, the Trustees approved a project to have a loft-conversion to provide two further bedrooms and shower room. The work commenced in November and was completed end January 2022.
## **Charity Shop**
The charity shop building dates from 1885, has been owned by Leicester Animal Rescue since 1985 and was modernised in 1990.
The administration and running of the shop is entirely carried out by volunteers. The Trustees are also grateful to the loyal supporters who provide donated goods for the shop on a regular basis. We have a website page dedicated to the shop - appealing for donated goods and volunteers to help in the shop. We continue to experience great difficulty in recruiting new helpers and this is having a severe effect on the running of the shop. Our small team achieve quite a task to keep the shop running and open and we much appreciate their commitment.
## **Covid 19**
In accordance with the regulations the shop was closed from 2nd January 2021 until 14th April 2021. During this period we continued to collect donated goods from our supporters, sorting them and storing them away from the shop as storage space was not available there. We resumed advertising for goods in the local paper when these stocks were depleted.
## **FINANCIAL REVIEW**
## **Financial position**
The Statement of Financial Activities shows net movement for the year of £611,783 surplus (2020: £211,692 surplus) with reserves standing at £1,681,444 (2020: £1,069,661).
The trustees consider that there are adequate reserves available to support the continuation of the charity. The retained reserves are higher than the previously held due to the legacies income of £674,847 (2020: £295,011). The trustees acknowledge that the legacies income cannot be guaranteed and the reserves are utilised to meet the ongoing costs of the charity.
Page 4
**Leicester Animal Rescue**
## **Report of the Trustees for the Year Ended 31 December 2021**
## **FINANCIAL REVIEW**
## **Reserves policy**
Reserves at the yearend were £1,681,444(2020: £1,069,661) which includes £185,681(2020: £185,681) relating to revaluation of the investment properties. A figure of £528,401 (2020: £407,269) relates to net current assets. The trustees view this level as necessary for the charity to continue fulfilling its objectives should any income generating activities be temporarily curtailed. The charity would not wish the reserves to fall below £200,000 which is approximately 6 months of running costs. The policy of the charity is to also continue to build the reserves so that they are available to further develop the objects of the charity when required.
Both the charity shop premises and "Fairwinds Animal Shelter" property are essential to the existence of the charity. Portions of both premises also provide essential revenue from the rental of the two flats and bungalow whilst the animal shelter could not operate without a full-time manager living on site.
## **FUTURE PLANS**
No major projects were carried out at "Fairwinds" during the year. We continued our policy to update and renew equipment, fixtures and fittings etc. as became necessary.
There is work required to various flooring areas in the cattery building also kennel block one exercise area slabbing is very much in need of remedial work, following 20 years of use. It is our intention to carry out necessary repair, renewal work and internal decorating to the shelter buildings during the coming year.
Our shelter staff and volunteers achieved a successful year in running the shelter to the high standard and efficiency we require. In such difficult times, we are particularly pleased to achieve the re-homing of over 100 dogs, homes for dogs are always visited by our staff prior to the adoption process and this continued to be carried out safely under the restrictions in force.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
Leicester Animal Rescue is constituted under a trust deed dated 17 October 1977 and registered with the Charity Commission under charity number 509784. The trust deed was amended on 14 January 2007.
Leicester Animal Rescue is also known as Animal Rescue and LARC.
Freehold land and buildings title deeds are held in the names of Mrs P A McNeill, Mrs D Crick and Mrs J J Wallis.
## **Recruitment and appointment of new trustees**
The trustees who have served during the year and since the year end are set out on page 1. Trustees are appointed by the trustees and management committee and serve for three years after which they must retire. Trustees may stand for re-election at the end of the three year term.
Page 5
**Leicester Animal Rescue**
## **Report of the Trustees for the Year Ended 31 December 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure**
The management committee overseas the operation of the charity. A full-time paid manager has responsibility for the day to day running of "Fairwinds Animal Shelter", together with the minimum paid staff needed to care for the volume of dogs/cats in the shelter. We also have a team of volunteers carrying out some duties at the shelter.
A team of volunteers run the charity shop on a rota basis.
We are very grateful to all our volunteers for their commitment and support during the year.
## **Induction and training of new trustees**
Trustees are made aware of their responsibilities at the time of appointment and kept abreast of changes in charity law and any matters affecting the governance and assets of the Charity.
Approved by order of the board of trustees on 18 August 2022 and signed on its behalf by:
Mrs D Crick - Trustee
Page 6
**Independent Examiner's Report to the Trustees of Leicester Animal Rescue**
## **Independent examiner's report to the trustees of Leicester Animal Rescue**
I report to the charity trustees on my examination of the accounts of Leicester Animal Rescue (the Trust) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
L G Parkes ACA FCCA ICAEW The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP
Date: 18 August 2022
Page 7
**Leicester Animal Rescue**
## **Statement of Financial Activities for the Year Ended 31 December 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Animal sales
Other trading activities
3
Investment income
4
Other income
6
**Total**
**EXPENDITURE ON**
Raising funds
7
**Charitable activities**
8
Animal shelter
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|31.12.21
Unrestricted
funds
£
694,956
23,861
61,767
20,135
13,670
814,389
17,362
208,387
225,749
23,143
611,783
1,069,661
1,681,444|31.12.20
Total
funds
£
318,203
26,343
40,907
15,303
11,191
411,947
19,178
204,278
223,456
23,201
211,692
857,969
1,069,661|
|---|---|---|
The notes form part of these financial statements
Page 8
**Leicester Animal Rescue**
## **Balance Sheet 31 December 2021**
|Notes
**FIXED ASSETS**
Tangible assets
14
**Investments**
Investments
15
Investment property
16
**CURRENT ASSETS**
Stocks
17
Debtors
18
Cash at bank
**CREDITORS**
Amounts falling due within one year
19
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
20
Unrestricted funds
**TOTAL FUNDS**|31.12.21
Unrestricted
funds
£
321,514
688,766
142,763
1,153,043
994
49,432
485,081
535,507
(7,106)
528,401
1,681,444
1,681,444
1,681,444
1,681,444|31.12.20
Total
funds
£
278,696
240,933
142,763
662,392
2,149
116,254
293,721
412,124
(4,855)
407,269
1,069,661
1,069,661
1,069,661
1,069,661|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 August 2022 and were signed on its behalf by:
P A McNeill - Trustee
The notes form part of these financial statements
Page 9
**Leicester Animal Rescue**
## **Cash Flow Statement for the Year Ended 31 December 2021**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Tax paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|31.12.21
£
680,383
1,011
681,394
(68,330)
(424,690)
2,603
383
(490,034)
191,360
293,721
485,081|31.12.20
£
105,946
(1,011)
104,935
-
(236,104)
-
1,086
(235,018)
(130,083)
423,804
293,721|
|---|---|---|
The notes form part of these financial statements
Page 10
**Leicester Animal Rescue**
## **Notes to the Cash Flow Statement for the Year Ended 31 December 2021**
|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
31.12.21
£
**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
611,783
**Adjustments for:**
Depreciation charges
25,512
Gain on investments
(23,143)
Profit on disposal of fixed assets
(2,603)
Interest received
(383)
Decrease/(increase) in stocks
1,155
Decrease/(increase) in debtors
65,812
Increase in creditors
2,250
**Net cash provided by operations**
680,383
2.
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1.1.21
Cash flow
£
£
**Net cash**
Cash at bank
293,721
191,360
293,721
191,360
**Total**
293,721
191,360|
31.12.20
£
211,692
21,327
(23,201)
-
(1,086)
(1,159)
(103,132)
1,505
105,946
At 31.12.21
£
485,081
485,081
485,081|
|---|---|
The notes form part of these financial statements
Page 11
**Leicester Animal Rescue**
**Notes to the Financial Statements for the Year Ended 31 December 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Leicester Animal Rescue is an unincorporated charity registered in England and Wales. The address of the charity is given in the charity information on page 1 of these financial statements.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Volunteers are used by the charity to run the charity's shop with respect to collecting the donated items and running the shop. Also, volunteers carry out certain duties at the shelter. Further detail is given in the Trustees' Annual Report.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
Income from charitable activities includes income from the sale of animals which is recognised when the animal is delivered and monies are received.
continued...
Page 12
**Leicester Animal Rescue**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Income**
Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established.
The charity received government grants in respect of Covid 19 support. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Other trading activities includes income from shop sales which are recognised when the goods are sold, together with fund raising and other income which are recognised when received.
All stock sold in the charity shop is donated for resale. It is impracticable to fair value the goods received as these are high in volume and low in value. No value is placed on donated stocks of goods unsold at the year end.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure is classified under the following activity headings:
Raising funds comprises the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop and rental income.
Charitable expenditure comprises those costs incurred by the charity in furtherance of the charity's objectives relating to the upkeep and continued existence of the kennels/cattery. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them including governance costs.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property|- at varying rates on cost|
|---|---|
|Cattery and kennels|- 5% on cost|
|Fixtures and fittings|- Straight line over 5 or 10 years|
|Motor vehicles|- 25% on cost|
Tangible fixed assets costing below £500 are not capitalised and are treated as revenue expenditure in the year of purchase.
continued...
Page 13
**Leicester Animal Rescue**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Investment property**
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in 'net gains / (losses) on investments' in the SoFA.
## **Stocks**
Stocks of consumable items used by the charity are valued at cost. Provision is made for damaged and obsolete stock where appropriate.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash in hand and monies on short term deposits at the bank.
continued...
Page 14
**Leicester Animal Rescue**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **1. ACCOUNTING POLICIES - continued Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **Investments**
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains / (losses) on investments' in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably.
## **2. DONATIONS AND LEGACIES**
|Donations
Legacies
**3.**
**OTHER TRADING ACTIVITIES**
Shop income
Prize draw
Sponsorship
**4.**
**INVESTMENT INCOME**
Rents received
Dividend income
Deposit account interest|31.12.21
£
20,109
674,847
694,956
31.12.21
£
46,841
6,006
8,920
61,767
31.12.21
£
15,000
4,752
383
20,135|31.12.20
£
23,192
295,011
318,203
31.12.20
£
28,084
6,788
6,035
40,907
31.12.20
£
14,175
42
1,086
15,303|
|---|---|---|
continued...
Page 15
**Leicester Animal Rescue**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **5. INCOME FROM CHARITABLE ACTIVITIES**
|31.12.21
£
Animal re-homing sales
23,861
**6.**
**OTHER INCOME**
31.12.21
£
Retail Grant
13,670
**7.**
**RAISING FUNDS**
**Other trading activities**
31.12.21
£
Premises costs
7,237
Insurance
900
Telephone
598
Property management fees
1,010
Other expenses
3,516
Advertising
744
Fundraising
360
Parking Permits
450
Depreciation
2,547
17,362
**8.**
**CHARITABLE ACTIVITIES COSTS**|31.12.20
£
26,343
31.12.20
£
11,191
31.12.20
£
8,322
656
1,066
1,821
2,700
288
300
450
3,575
19,178|
|---|---|
|**CHARITABLE ACTIVITIES COSTS**||||
|---|---|---|---|
||Direct|Support||
||Costs (see|costs (see||
||note 9)|note 10)|Totals|
||£|£|£|
|Animal shelter|24,867|183,520|208,387|
continued...
Page 16
**Leicester Animal Rescue**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **9. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|31.12.21
£
Vets fees
18,519
Animal food and consumables
6,348
24,867
**10.**
**SUPPORT COSTS**
31.12.21
£
**Animal shelter management and support costs**
Salaries
115,074
Social security costs
3,601
Pension costs
3,451
Premises costs
8,193
Depreciation
22,965
Insurance
1,453
Advertising
3,373
Telephone
621
Motor running costs
5,192
Rates and water
2,366
Postage and stationery
1,746
Accountancy fees
1,468
Independent examination fees
2,550
Legal and professional fees
5,242
Other expenses
4,523
(Profit)/loss on disposal of fixed assets
(2,603)
Management portfolio fees
4,305
183,520|31.12.20
£
29,833
6,829
36,662
31.12.20
£
107,128
3,816
3,373
16,503
17,752
1,359
3,159
704
4,439
2,179
854
1,390
1,925
1,250
1,508
-
277
167,616|
|---|---|
## **11. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
continued...
Page 17
**Leicester Animal Rescue**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **12. STAFF COSTS**
|31.12.21
£
Wages and salaries
115,074
Social security costs
3,601
Other pension costs
3,451
122,126
The average monthly number of employees during the year was as follows:
31.12.21
Shop & admin staff
8|31.12.20
£
107,128
3,816
3,373
114,317
31.12.20
8|
|---|---|
No employees received emoluments in excess of £60,000.
## **13. AMOUNTS PAYABLE TO INDEPENDENT EXAMINER**
The amount payable to the independent examiner for the independent examination is £1,950 (2020: £1,925) and £1,468 (2020: £1,390) for other accountancy services.
## **14. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2021
Additions
Disposals
At 31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
Eliminated on disposal
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|Freehold
property
£
206,161
49,000
-
255,161
68,534
5,411
-
73,945
181,216
137,627|Cattery
and
kennels
£
445,489
-
-
445,489
308,810
13,180
-
321,990
123,499
136,679|Fixtures
and
fittings
£
31,502
2,705
-
34,207
31,446
597
-
32,043
2,164
56|Motor
vehicles
£
21,333
16,625
(10,502)
27,456
16,999
6,324
(10,502)
12,821
14,635
4,334|Totals
£
704,485
68,330
(10,502)
762,313
425,789
25,512
(10,502)
440,799
321,514
278,696|
|---|---|---|---|---|---|
continued...
Page 18
**Leicester Animal Rescue**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **14. TANGIBLE FIXED ASSETS - continued**
The charity revalued the charity shop included in the freehold land and buildings on 1 January 2016 at £68,000 based on a valuation carried out by P G Tew FRICS, RICS registered valuer, on 31 December 2014, using both the marketing and investment approach to determine the fair value. The charity took advantage of the provisions of FRS 102 to use the fair value at 1 January 2016 to be the deemed cost of the charity shop at the date of transition.
The charity shop, included at valuation within freehold land and buildings, has a historical cost of £25,504 (2020: £25,504) less accumulated depreciation of £16,465 (2020: £15,804).
The value attributed to land within freehold land and buildings is £50,000 (2020: £50,000).
Freehold land and buildings title deeds are held in the names of Mrs P A McNeill, Mrs D Crick and Mrs J J Wallis.
## **15. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Listed|
||investment|
||£|
|**MARKET VALUE**||
|At 1 January 2021|240,933|
|Additions|424,690|
|Revaluations|23,143|
|At 31 December 2021|688,766|
|**NET BOOK VALUE**||
|At 31 December 2021|688,766|
|At 31 December 2020|240,933|
Investments include those both held inside and outside of the UK and are managed by Brewin and Dolphin.
Above investments are held as follows:
||2021|
|---|---|
||£|
|UK Bonds|44,916|
|Overseas Bonds|203,616|
|UK Equities|88,258|
|North American Equites|111,277|
|Japanese Equities|14,785|
|Asia Pacific Equities|25,618|
|Emerging marking equities|9,704|
|Absolute Return|115,875|
continued...
Page 19
**Leicester Animal Rescue**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **15. FIXED ASSET INVESTMENTS - continued**
|Property
Commodities
European equities
Listed Investment at cost
Cost values of investments
Cost or valuation at 31 December 2021 is represented by:
Valuation in 2021
Valuation in 2020
Cost
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 January 2021
and 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|26,716
15,000
33,001
688,766
2021
£
660,794
Listed
investment
£
23,143
4,829
660,794
688,766
£
142,763
142,763
142,763|
|---|---|
## **16. INVESTMENT PROPERTY**
Investment properties comprise two flats which are let to third parties. The last full external valuation of the investment properties was carried out by P G Tew FRICS, RICS registered valuer on 31 December 2020 at a valuation of £142,763, using the marketing and investment approach to determine the fair value. Investment properties under the historical cost basis would have been included at cost of £41,918 (2020: £41,918).
continued...
Page 20
**Leicester Animal Rescue**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
|**17.**
**STOCKS**
Stocks
**18.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Social security & other taxes
Prepayments
Accrued income
**19.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Accruals and deferred income
**20.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Revaluation reserve
**TOTAL FUNDS**|
At 1.1.21
£
883,980
185,681
1,069,661
1,069,661||31.12.21
£
994
31.12.21
£
15,100
-
3,008
31,324
49,432
31.12.21
£
14
7,092
7,106
Net
movement
in funds
£
588,640
23,143
611,783
611,783|31.12.20
£
2,149
31.12.20
£
3,406
1,011
3,232
108,605
116,254
31.12.20
£
-
4,855
4,855
At
31.12.21
£
1,472,620
208,824
1,681,444
1,681,444|
|---|---|---|---|---|
||||||
||||||
continued...
Page 21
**Leicester Animal Rescue**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **20. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Revaluation reserve
**TOTAL FUNDS**|Incoming
resources
£
814,389
-
814,389
814,389|Resources
expended
£
(225,749)
-
(225,749)
(225,749)|Gains and
Movement
losses
in funds
£
£
-
588,640
23,143
23,143
23,143
611,783
23,143
611,783|
|---|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Revaluation reserve
**TOTAL FUNDS**|At 1.1.20
£
695,489
162,480
857,969
857,969|Net
movement
At
in funds
31.12.20
£
£
188,491
883,980
23,201
185,681
211,692
1,069,661
211,692
1,069,661|
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Revaluation reserve
**TOTAL FUNDS**|Incoming
resources
£
411,947
-
411,947
411,947|Resources
expended
£
(223,456)
-
(223,456)
(223,456)|Gains and
Movement
losses
in funds
£
£
-
188,491
23,201
23,201
23,201
211,692
23,201
211,692|
|---|---|---|---|
continued...
Page 22
**Leicester Animal Rescue**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **21. RELATED PARTY DISCLOSURES**
During the year two trustees made donations to the charity amounting to £3,438 (2020: £2,508).
This page does not form part of the statutory financial statements
Page 23