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2023-03-31-accounts
|
|
Page |
|
| Report of the Trustees |
1 |
to |
3 |
| Independent Examiner's Report |
|
4 |
|
| Statement of Financial Activities |
|
5 |
|
| Balance Sheet |
|
6 |
|
| Cash Flow Statement |
|
7 |
|
| Notes to the Cash Flow Statement |
|
8 |
|
| Notes to the Financial Statements |
9 |
to |
17 |
| Detailed Statement of Financial Activities |
18 |
to |
19 |
|
|
|
|
2023 |
2022 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
fund |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
2 |
116,879 |
|
116,879 |
182,310 |
| Other trading activities |
3 |
684,351 |
|
684,351 |
628,048 |
| Investment income |
4 |
2,331 |
|
2,331 |
2,400 |
| Total |
|
803,561 |
|
803,561 |
812,758 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
|
745,495 |
600 |
746,095 |
704,119 |
| Charitable activities |
5 |
|
|
|
|
| Cat rescue |
|
92,585 |
|
92,585 |
71,488 |
| Governance costs |
|
3,571 |
|
3,571 |
3,384 |
| Other |
|
18,309 |
|
18,309 |
20,200 |
| Total |
|
859,960 |
600 |
860,560 |
799,191 |
| Net gains/(losses) on investments |
|
(9,950) |
|
(9,950) |
5,775 |
| NET INCOME/(EXPENDITURE) |
|
(66,349) |
(600) |
(66,949) |
19,342 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
629,126 |
2,402 |
631,528 |
612,186 |
| TOTAL FUNDS CARRIED FORWARD |
|
562,777 |
1,802 |
564,579 |
631,528 |
|
|
|
|
2023 |
2022 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
fund |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
9 |
451,398 |
1,802 |
453,200 |
460,010 |
| Investments |
10 |
75,168 |
− |
75,168 |
99,594 |
|
|
526,566 |
1,802 |
528,368 |
559,604 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
11 |
18,286 |
− |
18,286 |
11,718 |
| Debtors |
12 |
26,284 |
− |
26,284 |
17,161 |
| Cash at bank and in hand |
|
43,047 |
− |
43,047 |
97,303 |
|
|
87,617 |
|
87,617 |
126,182 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
13 |
(51,406) |
|
(51,406) |
(54,258) |
| NET CURRENT ASSETS |
|
36,211 |
− |
36,211 |
71,924 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
|
|
| LIABILITIES |
|
562,777 |
1,802 |
564,579 |
631,528 |
| NET ASSETS |
|
562,777 |
1,802 |
564,579 |
631,528 |
| FUNDS |
14 |
|
|
|
|
| Unrestricted funds |
|
|
|
562,777 |
629,126 |
| Restricted funds |
|
|
|
1,802 |
2,402 |
| TOTAL FUNDS |
|
|
|
564,579 |
631,528 |
|
|
2023 |
2022 |
|
Notes |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Cash generated from operations |
1 |
(63,664) |
28,113 |
| Net cash (used in)/provided by operating activities |
|
(63,664) |
28,113 |
| Cash flows from investing activities |
|
|
|
| Purchase of tangible fixed assets |
|
(7,399) |
(2,431) |
| Purchase of fixed asset investments |
|
(2,767) |
(1,599) |
| Sale of fixed asset investments |
|
17,243 |
11,456 |
| Dividends received |
|
2,331 |
2,400 |
| Net cash provided by investing activities |
|
9,408 |
9,826 |
| Change in cash and cash equivalents in |
|
|
|
| the reporting period |
|
(54,256) |
37,939 |
| Cash and cash equivalents at the |
|
|
|
| beginning of the reporting period |
|
97,303 |
59,364 |
| Cash and cash equivalents at the end of |
|
|
|
| the reporting period |
|
43,047 |
97,303 |
| OPERATING ACTIVITIES |
|
|
|
2023 |
2022 |
| Net (expenditure)/income for the reporting period (as per the |
|
|
| Statement of Financial Activities) |
(66,949) |
19,342 |
| Adjustments for: |
|
|
| Depreciation charges |
14,210 |
14,405 |
| Losses/(gain) on investments |
9,950 |
(5,775) |
| Loss on disposal of fixed assets |
|
131 |
| Dividends received |
(2,331) |
(2,400) |
| (Increase)/decrease in stocks |
(6,568) |
5,996 |
| (1ncrease)/decrease in debtors |
(9,124) |
8,163 |
| Decrease in creditors |
(2,852) |
(11,749) |
| Net cash (used in)/provided by operations |
(63,664) |
28,113 |
|
At 1.4.22 |
Cash flow |
At 31.3.23 |
| Net cash |
|
|
|
| Cash at bank and in hand |
97,303 |
(54,256) |
43,047 |
|
97,303 |
(54,256) |
43,047 |
| Total |
97,303 |
(54,256) |
43,047 |
| Freehold property |
−2% on cost |
| Cattery |
−15% on reducing balance |
| Veterinary equipment, fixtures & fittings |
−25% on reducing balance |
| Fixtures arid fittings |
−15% on reducing balance |
| Ambulance |
−25% on reducing balance |
| DONATIONS AND LEGACIES |
|
|
|
2023 |
2022 |
| Donations & gifts |
80,239 |
119,525 |
| Legacies & bequests |
500 |
29,506 |
| Members subscriptions and Sponsorship |
18,908 |
17,777 |
| Sundry receipts |
17,232 |
15,502 |
|
116,879 |
182,310 |
| 3. |
OTHER TRADING ACTIVITIES |
|
|
|
|
2023 |
2022 |
|
Fundraising events |
22,859 |
7,073 |
|
Boarding |
97,434 |
65,645 |
|
Mewsletter |
33 |
33 |
|
Veterinary fees |
564,025 |
555,297 |
|
|
684,351 |
628,048 |
| 4. |
INVESTMENT INCOME |
|
|
|
|
2023 |
2022 |
|
Other fixed asset invest −FlI |
2,331 |
2,400 |
| 5. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
|
Support |
|
|
|
|
Direct |
costs |
(see |
|
|
|
Costs |
note |
6) |
Totals |
|
|
£ |
£ |
|
£ |
|
Cat rescue |
92,585 |
|
− |
92,585 |
|
Governance costs |
− |
3,571 |
|
3,571 |
|
|
92,585 |
3,571 |
|
96,156 |
| 6. |
SUPPORT COSTS |
|
|
|
|
|
|
|
|
|
Governance |
|
|
|
|
|
costs |
|
Governance costs |
|
|
|
3,571 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
Veterinary |
|
|
|
|
equipment, |
|
Freehold |
|
|
fixtures |
|
property |
Cattery |
|
& fittings |
| COST |
|
|
_ |
|
| At 1 April 2022 |
487,194 |
180,127 |
|
129,157 |
| Additions |
|
|
|
5,995 |
| At 31 March 2023 |
487,194 |
180,127 |
|
135,152 |
| DEPRECIATION |
|
|
|
|
| At 1 April 2022 |
73,251 |
153,181 |
|
116,147 |
| Charge for year |
4,047 |
4,283 |
|
4,751 |
| At 31 March 2023 |
77,298 |
157,464 |
|
120,898 |
| NET BOOK VALUE |
|
|
|
|
| At 31 March 2023 |
409,896 |
22,663 |
|
14,254 |
| At 31 March 2022 |
413,943 |
26,946 |
|
13,010 |
| TANGIBLE FIXED ASSETS −continued |
|
|
|
|
Fixtures |
|
|
|
and |
|
|
|
fittings |
Ambulance |
Totals |
| COST |
|
|
|
| At 1 April 2022 |
43,472 |
7,750 |
847,700 |
| Additions |
1,404 |
|
7,399 |
| At 31 March 2023 |
44,876 |
7,750 |
855,099 |
| DEPRECIATION |
|
|
|
| At 1 April 2022 |
37,393 |
7,718 |
387,690 |
| Charge for year |
1,120 |
8 |
14,209 |
| At 31 March 2023 |
38,513 |
7,726 |
401,899 |
| NET BOOK VALUE |
|
|
|
| At 31 March 2023 |
6,363 |
24 |
453,200 |
| At 31 March 2022 |
6,079 |
32 |
460,010 |
| FIXED ASSET INVESTMENTS |
|
|
Listed |
|
investments |
| MARKET VALUE |
|
| At 1 April 2022 |
99,594 |
| Additions |
2,767 |
| Disposals |
(17,243) |
| Revaluations |
(9,950) |
| At 31 March 2023 |
75,168 |
| NET BOOK VALUE |
|
| At 31 March 2023 |
75,168 |
| At 31 March 2022 |
99,594 |
| Cost or va |
lu |
ation at 31 March 2023 is represented by: |
|
|
|
|
Listed |
|
|
|
investments |
| Valuation |
in |
2020 |
(7,550) |
| Valuation |
in |
2021 |
14,720 |
| Valuation |
in |
2022 |
4,583 |
| Valuation |
in |
2023 |
(10,803) |
| Cost |
|
|
74,218 |
|
|
|
75,168 |
|
|
2023 |
2022 |
|
Cost |
74,218 |
87,841 |
|
Fixed asset investments were valued on an open market basis on 31 March 2023 by Quilter Cheviot. |
|
|
| 11. |
STOCKS |
|
|
|
|
2023 |
2022 |
|
Stocks |
17,691 |
11,148 |
|
Work−in−progress |
595 |
570 |
|
|
18,286 |
11,718 |
| 12. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2023 |
2022 |
|
Trade debtors |
24,048 |
14,936 |
|
Other debtors |
|
132 |
|
Prepayments |
2,236 |
2,093 |
|
|
|
_ |
|
|
26,284 |
17,161 |
| **CREDITORS: AMOUNTS FALLING DUE WITHIN ** |
ONE YEAR |
|
|
2023 |
2022 |
| Trade creditors |
25,434 |
22,479 |
| Taxation and social security |
22,356 |
24,985 |
| Other creditors |
3,616 |
6,794 |
|
51,406 |
54,258 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.22 |
in funds |
31.3.23 |
| Unrestricted funds |
|
|
|
| General fund |
629,126 |
(66,349) |
562,777 |
| Restricted funds |
|
|
|
| Senior Kitizens |
101 |
(25) |
76 |
| Cat out of the Bag |
70 |
(17) |
53 |
| Donation for Tiger |
43 |
(11) |
32 |
| M & H Taylor |
321 |
(80) |
241 |
| Lemoges Trust |
107 |
(27) |
80 |
| Maternity Unit |
1,239 |
(310) |
929 |
| Paddocks |
521 |
(130) |
391 |
|
2,402 |
(600) |
1,802 |
| TOTAL FUNDS |
631,528 |
(66,949) |
564,579 |
| Net movement in funds, included in |
the above are as follows: |
|
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
803,561 |
(859,960) |
(9,950) |
(66,349) |
| Restricted funds |
|
|
|
|
| Senior [Citizens |
|
(25) |
|
(25) |
| Cat out of the Bag |
− |
(17) |
|
(17) |
| Donation for Tiger |
− |
(11) |
− |
(11) |
| M & H Taylor |
− |
(80) |
− |
(80) |
| Lemoges Trust |
− |
(27) |
|
(27) |
| Maternity Unit |
|
(310) |
|
(310) |
| Paddocks |
|
(130) |
|
(130) |
|
|
(600) |
|
(600) |
| TOTAL FUNDS |
803,561 |
(860,560) |
(9,950) |
(66,949) |
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.21 |
in funds |
31.3.22 |
| Unrestricted funds |
|
|
|
| General fund |
609,181 |
19,945 |
629,126 |
| Restricted funds |
|
|
|
| Senior Kitizens |
127 |
(26) |
101 |
| Cat out of the Bag |
88 |
(18) |
70 |
| Donation for Tiger |
54 |
(11) |
43 |
| M & H Taylor |
402 |
(81) |
321 |
| Lemoges Trust |
134 |
(27) |
107 |
| Maternity Unit |
1,549 |
(310) |
1,239 |
| Paddocks |
651 |
(130) |
521 |
|
3,005 |
(603) |
2,402 |
| TOTAL FUNDS |
612,186 |
19,342 |
631,528 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
812,758 |
(798,588) |
5,775 |
19,945 |
| Restricted funds |
|
|
|
|
| Senior Kitizens |
− |
(26) |
− |
(26) |
| Cat out of the Bag |
|
(18) |
|
(18) |
| Donation for Tiger |
|
(11) |
− |
(11) |
| M & H Taylor |
|
(81) |
− |
(81) |
| Lemoges Trust |
− |
(27) |
|
(27) |
| Maternity Unit |
− |
(310) |
|
(310) |
| Paddocks |
|
(130) |
|
(130)_____ |
|
|
|
|
_ _ |
|
|
(603) |
|
(603) |
| TOTAL FUNDS |
812,758 |
(799,191) |
5,775 |
19,342 |
| A current year 12 months and prior year 12 m |
onths combined position is as follows |
: |
|
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.21 |
in funds |
31.3.23 |
| Unrestricted funds |
|
|
|
| General fund |
609,181 |
(46,404) |
562,777 |
| Restricted funds |
|
|
|
| Senior Kitizens |
127 |
(51) |
76 |
| Cat out of the Bag |
88 |
(35) |
53 |
| Donation for Tiger |
54 |
(22) |
32 |
| M & H Taylor |
402 |
(161) |
241 |
| Lemoges Trust |
134 |
(54) |
80 |
| Maternity Unit |
1,549 |
(620) |
929 |
| Paddocks |
651 |
(260) |
391 |
|
3,005 |
(1,203) |
1,802 |
| TOTAL FUNDS |
612,186 |
(47,607) |
564,579 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
1,616,319 |
(1,658,548) |
(4,175) |
(46,404) |
| Restricted funds |
|
|
|
|
| Senior Kitizens |
|
(51) |
|
(51) |
| Cat out of the Bag |
|
(35) |
|
(35) |
| Donation for Tiger |
− |
(22) |
|
(22) |
| M & H Taylor |
|
(161) |
|
(161) |
| Lemoges Trust |
|
(54) |
|
(54) |
| Maternity Unit |
|
(620) |
|
(620) |
| Paddocks |
|
(260) |
|
(260)−−− |
|
|
(1,203) |
|
(1,203) |
| TOTAL FUNDS |
1,616,319 |
(1,659,751) |
(4,175) |
(47,607) |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023 |
|
|
|
2023 |
2022 |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Donations & gifts |
80,239 |
119,525 |
| Legacies & bequests |
500 |
29,506 |
| Members subscriptions and Sponsorship |
18,908 |
17,777 |
| Sundry receipts |
17,232 |
15,502 |
|
116,879 |
182,310 |
| Other trading activities |
|
|
| Fundraising events |
22,859 |
7,073 |
| Boarding |
97,434 |
65,645 |
| Mewsletter |
33 |
33 |
| Veterinary fees |
564,025 |
555,297 |
|
684,351 |
628,048 |
| Investment income |
|
|
| Other fixed asset invest −Fl I |
2,331 |
2,400 |
| Total incoming resources |
803,561 |
812,758 |
| EXPENDITURE |
|
|
| Raising donations and legacies |
|
|
| Wages |
137,370 |
123,602 |
| Social security |
8,593 |
6,710 |
| Pensions |
3,150 |
2,366 |
| Water & council tax |
1,186 |
1,003 |
| Insurance |
3,876 |
3,813 |
| Light and heat |
11,809 |
12,014 |
| Telephone |
3,829 |
2,599 |
| Postage and stationery |
1,015 |
378 |
| Sundries |
1,267 |
633 |
| Freehold property |
4,047 |
4,047 |
| Depn of cattery |
4,284 |
4,937 |
Depn of veterinary equipment, fixtures & fittings
Fixtures and fittings |
4,751 _ _ _
1,120 |
4,337
1,073 |
| Depn of ambulance |
8 |
11 |
| Loss on sale of tangible fixed assets |
|
131 |
|
186,305 |
167,654 |
| Other trading activities |
|
|
| Food &litter |
5,072 |
2,535 |
| Wages |
325,046 |
302,256 |
| Social security |
21,787 |
21,398 |
| Pensions |
4,443 |
4,645 |
| Carried forward |
356,348 |
330,834 |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023 |
|
|
|
2023 |
2022 |
| Other trading activities |
|
|
| Brought forward |
356,348 |
330,834 |
| Veterinary supplies |
174,129 |
181,085 |
| Light & heat |
4,048 |
4,107 |
| Cleaning |
1,695 |
1,397 |
| Sundries |
5,332 |
3,345 |
| Repairs |
5,980 |
4,484 |
| Legal & professional |
400 |
− |
| Postage & stationery |
3,138 |
3,566 |
| Insurance |
2,184 |
2,846 |
| Computer expenses |
5,724 |
2,283 |
| Bad debts |
812 |
2,518 |
|
559,790 |
536,465 |
| Charitable activities |
|
|
| Food & litter |
25,897 |
17,921 |
| Vet & medical |
65,622 |
52,940 |
| Cleaning |
1,066 |
627 |
|
92,585 |
71,488 |
| Other |
|
|
| Property repairs & maintenance |
1,193 |
3,432 |
| Repairs & renewals |
1,327 |
910 |
| Rubbish removal |
5,993 |
6,001 |
| Ambulance expenses |
1,222 |
928 |
| Bank charges |
6,405 |
6,526 |
| Misc. fundraising costs |
253 |
261 |
| Computer expenses |
1,916 |
2,142 |
|
18,309 |
20,200 |
| Support costs |
|
|
| Governance costs |
|
|
| Accountancy |
2,485 |
2,205 |
| Stockbroker fees |
1,086 |
1,179 |
|
3,571 |
3,384 |
| Total resources expended |
860,560 |
799,191 |
| Net (expenditure)/income |
(56,999) |
13,567 |