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2022-12-31-accounts

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

Charity registration number: NIC104594 Company registration number: NI 48385

The Friends of Assisi Animal Sanctuary Annual Report and Financial Statements Year Ended 31 December 2022

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Contents

Contents
Page
Charity Reference and Administrative Details 3
Trustees’ Annual Report 4
Independent Auditor’s Report 12
Statement of Financial Activities (including Income and Expenditure Accounts) 15
Balance Sheet 16
Statement of Cash Flows 17
Notes to the Financial Statements 18-30

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Annual Report and Financial Statements

Year Ended 31 December 2022
Charity registration number NIC104594
Company registration number NI48385
Trustees Brian Bingham
Kieran McCullagh
Rosie McKerr
Billy Ellis (appointed 10/10/22)
Theresa Barrett (appointed 07/10/22)
Richard McMullan (appointed 06/10/22)
Brónach Kelly (appointed 31/08/22)
Victoria Fraser (resigned 12/08/22)
Michael Morrow (resigned 09/08/22)
Des Thompson (resigned 29/09/22)
David Tyce (resigned 29/07/22)
Jason Meadows (resigned 29/07/22)
Clare Watterson (resigned 04/05/22)
Margaret Sinnott (resigned 29/09/22)
Rosemary Glendinning (resigned 04/05/22)
Ian Morrice (appointed 22/01/23)
Chief Executive Nigel Mason (resigned 15/02/22)
Secretary Rosie McKerr (resigned 22/01/23)
Ian Morrice (appointed 22/01/23)
Registered office 1 Old Bangor Road
Conlig
Newtownards
BT23 7PU
Auditors KPS Chartered Accountants
Chartered Tax Advisers
Registered Auditors
35 Irish Street
Co Down
Downpatrick
BT30 6BW
Solicitor Edwards & Co
28 Hill Street
Belfast
BT1 2LA
Bankers Ulster Bank Ltd
9-11 Church Road
Holywood
BT18 9PU
Investment managers Investec Wealth & Investment Ltd
5thFloor Centrepoint
58-60 Bedford Street
Belfast
BT2 7DR

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Trustees’ Annual Report

Year Ended 31 December 2022

The Trustees of The Friends of Assisi Animal Sanctuary present their annual report and the audited financial statements for the period 1 January 2022 to 31 December 2022.

The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (FRS102), in preparing their annual report and financial statements.

STRUCTURE AND GOVERNANCE

The Friends of Assisi is a charity registered with the Charity Commission for Northern Ireland and is also registered as a company limited by guarantee.

The Charity is governed by a Board of Trustees whose members act in a voluntary capacity. New appointees are inducted in the aims and objectives via the strategic plan and are provided with copies of the governing documents of the charity. Training is available via NICVA.

The powers of the Trustees are set out in the Articles of Association. In relation to financial management, they have the power to:

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Trustees’ Annual Report

Year Ended 31 December 2022

TRUSTEES OF THE CHARITY

The Directors of the charitable company are the Trustees for the purpose of Charity Law. The Trustees who served during reporting period are as follows:

Brian Bingham Kieran McCullagh Rosie McKerr Billy Ellis (appointed 10/10/22) Theresa Barrett (appointed 06/10/22) Richard McMullan (appointed 06/10/22) Brónach Kelly (appointed 31/08/22) Victoria Fraser (resigned 12/08/22) Michael Morrow (resigned 09/08/22) Des Thompson (retired 29/09/22) David Tyce (resigned 29/07/22) Jason Meadows (resigned 29/07/22) Clare Watterson (resigned 04/05/22) Margaret Sinnott (retired 29/09/22) Rosemary Glendinning (retired 04/05/22)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are the Directors of the Company for the purposes of Company Law) are required to prepare the Trustees’ Annual Report and Financial Statements for each financial period in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Accounting Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each accounting period which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources including income and expenditure of the company for that period.

In preparing these financial statements, the Trustees are required to:-

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

VISION

The vision of the Charity is a future where Assisi is Northern Ireland’s leading animal welfare charity and brings about a day where every companion animal has a happy home for life.

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Trustees’ Annual Report

Year Ended 31 December 2022

AIMS

The Charity’s aims, as set out in its Articles of Association, are specifically restricted to animal welfare and the advancement of education in matters pertaining to animal welfare, care and treatment for the benefit of the public in Northern Ireland and its environs of the Republic of Ireland by associating with the statutory authorities, voluntary organisations and inhabitants in a common effort to:

MISSION

The Charity’s mission is:

VALUES

The Charity has a set of four values underpinning its approach.

1. Caring and Compassionate

We will always do the best we can for every animal within our sphere of influence.

2. Dedicated and Committed

We will strive to embrace change and look for new initiatives to deliver better animal welfare.

3. Professional

We will train our people and treat everyone with respect.

4. Ethical

We will always strive for improvement through our policy making via research, honesty and maintenance of the law in all we do.

RISK MANAGEMENT

Trustees have a duty to identify and manage the key risks that affect the Charity’s ability to continue to function. The Charity Commission defines risk as “that which, if it occurs, would have a severe impact on the operational performance, objectives, or reputation and which has a high chance of occurring”.

The Trustees undertook an assessment of the Charity’s business risks and divided these into four categories viz reputational, financial, compliance and operational. A risk table was produced which quantified risk in terms of

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Trustees’ Annual Report

Year Ended 31 December 2022

impact, multiplied by risk of occurrence and giving a risk assessment score which is categorised as either high, medium or low. The risk table is reviewed annually. Trustees were required on joining to make a declaration that they have no personal or professional loyalties that would prevent or could be perceived as preventing them from making decisions only in the best interests of the Charity.

PUBLIC BENEFIT STATEMENT

The Charity has given careful consideration to the Charity Commission for Northern Ireland’s Guidance on Public Benefit to ensure that the activities it undertook during the year have helped to achieve the Charity’s objectives as well as providing public benefit. The public benefit requirement as defined in the Charities Act (Northern Ireland) 2008 (as amended) states that to be a charity in Northern Ireland an organisation:

Assisi’s charitable purpose falls under the ‘advancement of animal welfare’.

These benefits are the promotion of the capacity of people for compassion by caring for injured or abandoned animals. This is achieved through the reduction of the number of dogs unnecessarily destroyed in our local council pounds, the provision of pet food to food banks and other charities that deal with those who are temporarily homeless or who are experiencing some financial hardship, relieving stress on people who may be struggling to feed and care for their pets. This is also achieved through the rescue and rehoming of stray or unwanted companion animals, and educating the public in relation to animal welfare and the care of companion animals.

Our purpose does not give rise to any harm.

The beneficiaries of these purposes are the public throughout Northern Ireland.

PLANS AND PRIORITIES

The Charity has a Strategic Plan for the period 2019-2024. It sets out the plans and priorities under six headings:

The Strategic Plan was prepared pre the Covid pandemic and has had, of necessity, to be scaled back. The uncertainty of the pandemic also meant that the annual Business Plan was subject to frequent amendment during the year.

PERFORMANCE AGAINST OBJECTIVES

1 FINANCE

We received revenue grants from Dogs Trust, The Walker Trust along with a grant from Ulster Bank, totalling at £14,907. No capital grants were applied for in 2022 as there was no progression in decisions on new build.

Gift Aid claims are processed quarterly in arrears for supporter donations and retail purchases. There is continuing progress on encouraging donors and supporters to sign up for Gift Aid. In 2022, the total for Gift Aid donations claimed was £25,878 and for Retail Gift Aid £33,249.

The annual budget continues to be reviewed on an on-going basis.

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Trustees’ Annual Report

Year Ended 31 December 2022

2 ANIMAL WELFARE

The Outreach Scheme which was started in 2017 continued throughout the year. The budget for this was increased in 2022 from £18k to £30k.

Assisi Outreach is helping people who love and care for their companion animal, people who themselves are struggling and need help. Assisi Outreach provides food and litter for their cat/dog therefore in a way easing a part of their burden.

The Scheme provides pet food to people who qualify for food hampers through Storehouse, St. Vincent de Paul, Community Advice Centre, Woman's Aid, etc. and who have companion animals. The aim is to keep the companion animals within the home/family without them being a financial burden which could either result in their neglect or in them being put on a waiting list for admission to a rehoming centre or being advertised on Gumtree etc. Unfortunately, these are last resort options which some people face. This has become increasingly important as the cost of living crisis deepens.

Another strand of the Scheme is the supply of dog food and treats to charities working with homeless people in Belfast. Some people who are homeless also have a dog as a companion, in many ways a companion animal is a lifeline for that person. Assisi Outreach provides dog food (pouches) and dog treats at 3 different locations in Belfast where hot meals are provided for the homeless. Food is also provided to rescue centres throughout Northern Ireland and also to many individuals/groups rescuing kittens and cats. Outreach also supplies cat food to a Refuge that has a feral colony living in their grounds, feral colonies in Downpatrick, Ballymena, Bangor, Dungannon and other locations get food supplied. Outreach helps individuals who do trapping of feral cats, kittens etc., we provide cat litter, adult and kitten food, kitten milk for kittens brought in who have either been abandoned or mother cat killed.

The Outreach Scheme is one of the projects that makes Assisi unique in that the Charity’s focus goes beyond the running of an animal sanctuary and reaches into the community.

As a result of the cost of living crisis Assisi held its first ever food drive to help the surrounding communities feed their animals. This support was gratefully received by the local community, many of whom are struggling with higher bills and rising food costs. We are grateful to staff and volunteers who coordinated this event to help our local community.

Rehoming

----- Start of picture text -----
2020 2021 2022
Cats 121 87 114
Dogs 157 104 88
Rabbits 30 29 28
Small Furries 84 105 58
Totals 392 325 288
----- End of picture text -----

Rehoming numbers were lower than projected in part due to the noise complaint received at the beginning of 2022, which resulted in limited dog intake and dogs being out on foster. 2022 saw improvements to the rehoming process and also to staffing and volunteer levels that should bear fruit in 2023 as regards rehoming numbers.

Acoustic improvements were made to our kennel blocks to manage the noise complaint.

Other works carried out on the site included:

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Trustees’ Annual Report

Year Ended 31 December 2022

Some stories of note from 2022

We rehomed a number of long-term animals who had found themselves in our care through no fault of their own. We are grateful to their adopters who have put the time, care and energy into rehoming these long-term residents, and to staff and volunteers who so diligently cared for them while they were with us.

Dogs

In 2022 in the Dog Unit we had some wonderful rehoming stories!

Cats:

Smalls:

3 EDUCATION

Visits to schools, colleges, youth groups resumed in 2022 and internal fundraising and food collections were gratefully received by individuals and groups within these sectors.

4 COMMUNICATION

A large number of media interviews were given in 2022 on both radio and television, as well as various articles in local newspapers.

Social media hits continued to increase on all platforms and the website.

In 2022 we were selected by Action Renewables as their charity of the year – and as well as receiving a cash donation, we are in line to receive and have installed, solar panels, free of charge, which will help to reduce our electricity bills at the Sanctuary.

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Trustees’ Annual Report

Year Ended 31 December 2022

5 COMMERCIAL

All 4 shops continued to trade throughout 2022, with exception of short periods of time when due to illness/staff shortages they were unable to open.

A number of repairs were carried out in several of our stores and some of our stores had a bit of a makeover.

In 2022 a review was carried out of the facilities at Conlig with a view to making a determination on rebuilding. A review was also carried out of other rescues in Northern Ireland and England to identify best practice in the sector and shape plans.

A parallel review was also carried out at a potential alternative location for the sanctuary outside Holywood. Ultimately the alternative location was not viable for a number of reasons. A decision on alternative locations will be made in 2023.

6 PEOPLE

2022 saw significant change in staffing as the employment market surged following the last Covid lockdown. There were a number of senior management changes, including the departure of Nigel Mason the CEO, the Administration Manager, and the Financial Controller. Trustees would like to thank staff for their hard work in managing the organisational changes.

There were also a number of resignations and retirements from the Board of Trustees in the period. Trustees would like to thank those who left in 2022 for their support and service, some of those over a very long period of time. We are grateful for their support. As a result of this, recruitment was carried out in summer 2022, and a new Chair was appointed, as well as two new trustees.

In 2022, trustees designed and worked with staff to implement a new organisational structure. A new finance manager was recruited, and a new role of Animal Welfare Manager was filled. We appointed a new receptionist/administrator in late 2022 to assist with the animal welfare administration. HR support was provided on an interim basis by Clare Watterson, before being outsourced to People Management Solutions. Staff appraisals were carried out and we carried our first-ever staff engagement survey. We are grateful to those who took the time to give their feedback, and we continue to rollout changes in line with feedback.

We are ever grateful to our volunteers without whom we would struggle to operate. Overall volunteering remained at a lower level than before the pandemic, however our Admin Support Team continued to work hard to build up the names of prospective volunteers for appointments in 2023.

As a thank you to our volunteers, we held a staff and volunteer social event by way of a BBQ at the sanctuary where we had a great attendance across the various functions within the organisation.

A review of our governance procedures was carried out in 2022, with improvements made to a number of key documents.

FINANCIAL REVIEW (INCLUDING RESERVES POLICY)

The financial statements cover the year ended 31[st] December 2022 and are prepared on an accruals basis which is in keeping with the accounts of previous years.

Total income was £1,172,614 which is a decrease of £276,439 on the figure of £1,449,053 for 2021.

Income from activities such as general donations, donations by bank mandate, tax claims, collection boxes and street collections etc amounted to £225,281 which was a decrease of £15,064, from the 2021 figure of £240,345.

We also received total legacy income of £250,074 which was a decrease of £113,534 compared with £363,608 in 2021.

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Trustees’ Annual Report

Year Ended 31 December 2022

Income from fundraising events was down slightly by £2,215 from £38,320 in 2021 to £36,105 in 2022. Shop income has also increased by £153,306 from £421,791 in 2021 to £575,097 in 2022 while investment income decreased by £4,030 from £20,709 in 2021 to £16,679 in 2022. Historically rehoming income was treated as a donation. From the start of 2018 such income has been treated as a sale and included in income from trading activities.

On the expenditure side overall, we spent £968,266 on charitable activities compared to £962,115 in 2021 – an increase of £6,151. We continue to keep a tight control on our costs. In total we have spent £1,336,267 on all our activities in 2022 compared to £1,253,854 in 2021.

As such at 31 December 2022, we had net assets of £1,905,502 compared to £2,183,068 at the end of 2021. Overall, we show a deficit of income over expenses for the year of £277,566 compared to a surplus of £278,973 in 2021.

Reserves Policy

The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. The level of unrestricted reserves that the charity aims to retain are as follows;

General Purpose Fund – this is a fund available at the discretion of the Trustees in respect of the furtherance of the objectives of the charity. The level of funds that the charity aims to retain are equivalent to three months operating costs.

Trustee Designated Fund – this is a fund used to maintain and upgrade site facilities. A minimum fund limit has been set at £100,000 by the Trustees.

DISCLOSURE OF INFORMATION TO THE AUDITORS

We, the Trustees, who are the Directors of the Company who held office at the date of the approval of these Financial Statements as set out above each confirm, so far as we are aware, that:

SMALL COMPANIES EXEMPTION

This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.

On behalf of the Board of Trustees

R McMullan 13/06/2023 15:33:42

Richard McMullan Richard McMullan Chairperson of the Board of Trustees

Date 13 June 2023

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Independent Auditor’s Report

Year Ended 31 December 2022

Opinion

We have audited the financial statements of The Friends of Assisi Animal Sanctuary for the year ended 31 December 2022 which comprise of the Statement of Financial Activities (including Income and Expenditure Account), the Balance Sheet, the Cashflow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Independent Auditor’s Report

Year Ended 31 December 2022

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 5, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Independent Auditor’s Report

Year Ended 31 December 2022

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

K Smyth 13/06/2023 17:16:43

Kyran Smyth

KYRAN SMYTH (Senior Statutory Auditor) For and on behalf of KPS Chartered Accountants Chartered Accountants & Statutory Auditor 35 Irish Street Downpatrick Co Down BT30 6BW

13 June 2023 202223/09/2022 Date

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Statement of Financial Activities (including Income and Expenditure Account)

Year Ended 31 December 2022

Note
Income from:
Donations and legacies
2
Other trading activities
3
Investments
4
Total income
Expenditure on:
Raising funds
Charitable activities
6
Total expenditure
Net gains/(losses) on
Investments
4
Total income/(expenditure)
Transfers between funds
Other recognised gains / (losses):
Gains / (losses) on revaluation
of investments
14
Net movement in funds
20
Reconciliation of funds:
Total funds brought forward
20
Total funds carried forward		 Unrestricted
funds
Restricted
funds
£
£
477,607
18,856
659,472
-
16,679
-		 2022
Total
£
496,463
659,472
16,679
1,172,614
(368,001)
(968,266)
(1,336,267)
34,638
(129,015)
-
(148,551)
(277,566)
2,183,068
1,905,502		 2021
Total
£
921,618
506,726
20,709
1,153,758
18,856
(368,001)
-
(869,409)
(98,857)		 1,449,053
(291,739)
(962,115)
(1,237,410)
(80,001)
34,638
-		 (1,253,854)
9,683
(49,014)
(80,001)		 204,882
3,870
(3,870)
(148,551)
-		 -
74,091
(193,695)
(83,871)		 278,973
2,034,590
148,478		 1,904,095
2,183,068
1,840,895
64,607

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

The notes on pages 18 to 30 form part of these financial statements.

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Balance Sheet

Year Ended 31 December 2022

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Stocks
15
Debtors
16
Cash on deposit – Investec Wealth & Investment Ltd
14
Cash at bank and in hand
Creditors: amounts falling due within one year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
18
Net assets
Charity Funds
Restricted funds
20
Unrestricted funds:
General Purpose Fund
20
Designated Fund – Fixed Assets
20
Total charity funds
20		 2022
£
686,489
813,988
1,500,477
9,350
190,658
35,595
210,002
445,605
(40,580)
405,025
1,905,502
-
1,905,502
64,607
667,357
1,173,538
1,905,502		 2021
£
719,241
918,917
1,638,158
9,291
236,125
35,407
358,126
638,949
(94,039)
544,910
2,183,068
-
2,183,068
148,478
756,310
1,278,280
2,183,068

These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board on 12 June 2023.

Signed on behalf of the Board of Trustees

K McCullagh 13/06/2023 13:10:46

Kieran McCullagh

Kieran McCullagh, Treasurer

Date 13 June 2023

Company registration number: NI 48385

The notes on pages 18 to 30 form part of these financial statements.

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E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Statement of Cash Flows

Year Ended 31 December 2022

Note
Cash flow from operating activities
22
Net cash flow from operating activities
Cash flow from investing activities
Payments to acquire tangible fixed assets
Payments to acquire investments
Receipts from sales of tangible fixed assets
Receipts from sales of investments
Net cash flow from investing activities
Cash flow from financing activities
Repayment of finance lease liabilities
Net cash flow from financing activities
Net increase in cash and cash equivalents in the financial year
Cash and cash equivalents at the beginning of the financial year
Cash and cash equivalents at the end of the financial year
Cash and cash equivalents consists of:
Cash at bank and in hand
Cash on deposit – Investec Wealth & Investment Ltd
14
Cash and cash equivalents at the end of the financial year		 2022
£
(89,785)
(89,785)
(14,529)
(593,712)
-
550,090
(58,151)
(-)
(-)
(147,936)
393,533
245,597
210,002
35,595
245,597		 2021
£
(19,641)
(19,641)
(98,706)
(483,693)
-
789,798
207,399
(-)
(-)
187,758
205,775
393,533
358,126
35,407
393,533

The notes on pages 18 to 30 form part of these financial statements.

17

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

(a) General information and basis of preparation

The Friends of Assisi Animal Sanctuary is a company limited by guarantee in Northern Ireland. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 3 of these financial statements. The charity provides a sanctuary for animals and is dedicated to the welfare of companion animals.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Funds

Unrestricted funds comprising the General Purpose Fund are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The Trustees Designated Fund was established in June 1998 to hold donations from a public appeal to enable the purchase of land and buildings comprising 1 Old Bangor Road, Conlig, Newtownards. The freehold property was purchased for £85,000 in August 1999. Funds in excess of the purchase price and associated professional fees are held in the Trustees Designated Fund to be used to maintain and upgrade site facilities. Specific animal welfare related projects may, at the discretion of the Trustees, receive contributions from this fund. The Trustees have set a minimum limit for this fund of £100,000.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

(c) Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

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.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

18

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure.

Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and ‘Income from other trading activities’. Upon sale, the value of the stock is charged against ‘Income from other trading activities’ and the proceeds are recognised as ‘Income from other trading activities’. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within ‘Income from other trading activities’.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

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 trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from grants is 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.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. 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 income is recognised as the charity’s right to receive payment is established.

Other income includes other income not recognised under other headings.

(d) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

(e) Vat

The charity registered for vat in 2018. As such income and expenses for the year ended 31 December 2022 are shown net of vat as appropriate. Irrecoverable vat is included in the expense to which it relates.

19

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

(f) Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

(g) Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold land Nil Freehold buildings Over 40 years Site facilities Over 7 years Office and kennel equipment Over 4 years Motor vehicles Over 4 years

(h) Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.

Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.

(i) Stocks

Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Donated stocks are included in income from other trading activities when they are sold as described in (c) above.

(j) 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.

(k) Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

20

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

(l) Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

(m) Hire purchase

Assets acquired under hire purchase agreements are capitalised and depreciated over the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding hire purchase liability using a level spread method due to the short length of the hire purchase agreements and small level of interest charged in respect of the hire purchase agreements. The related obligations, net of future finance charges, are included in creditors.

(n) Tax

The Friends of Assisi Animal Sanctuary is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.

(o) Going concern

The directors/trustees have prepared the 2022 financial statements on a going concern basis after assessing principal risks and uncertainties. The trustees have also considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. In their opinion the anticipated future income and expenditure is sufficient, together with the level of reserves for the charity to be able to continue as a going concern.

(p) Judgements and key sources of estimation uncertainty

Estimates and judgements made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgements made in applying these charity accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.

21

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

2 Income from donations and legacies

Gifts (Donations):
Donations – general
Donations by bank mandate
Tax claims
Membership
Collection boxes/street collections
Street collections
Other
Legacies
Grants:
Dogs Trust (Homeward Bound)
Probation Board NI
Miscellaneous funds
Government Grants		 2022
£
103,471
43,588
59,127
4,313
4,874
9,777
131
225,281
250,074
11,607
-
9,501
-
21,108
496,463		 2021
£
108,963
65,001
52,439
4,894
4,547
4,485
16
240,345
363,608
91,667
4,800
26,893
194,305
317,665
921,618

Income from donations and legacies was £496,463 (2021 - £921,618) of which £18,856 (2021 - £37,332) was attributable to restricted funds and £477,607 (2021 - £884,286) was attributable to unrestricted funds.

3 Income from other trading activities

Fundraising events
Shop income
Rehoming income
Pet plan		 2022
£
36,105
575,097
19,227
29,043
659,472		 2021
£
38,320
421,791
15,784
30,831
506,726

Income from other trading activities was £659,472 (2021 - £506,726) of which £nil (2021 - £nil) was attributable to restricted funds and £659,472 (2021 - £506,726) was attributable to unrestricted funds.

4 Income from investments

Income from investments
Dividends and interest
Realised gains/(loss) on sale		 2022
£
16,679
34,638
51,317		 2021
£
20,709
9,683
30,392

Income from investments was £51,317 (2021 - £30,392) of which £nil (2021 - £nil) was attributable to restricted funds and £51,317 (2021 - £30,392) was attributable to unrestricted funds.

22

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

5 Investment management costs

Investment management fees 2022
£
7,508
7,508		 2021
£
7,526
7,526

£nil (2021 - £nil) of the above costs were attributable to restricted funds and £7,508 (2021 - £7,526) were attributable to unrestricted funds.

6 Analysis of expenditure on charitable activities

Analysis of expenditure on charitable activities
Sanctuary at Conlig
Care staff wages plus e’ers NIC & pension costs
Veterinary care
Animal food & consumables
Cleaning materials
Heat & Light
Sanctuary insurance
Telephone
Ambulance expense
Site security
Care staff uniforms & PPE
Water usage
Care staff training
Recruitment expenses
Printing, Postage and Stationery
Computer expenses
Advertising & promotional items
Travel
Professional fees
Auditor
Accountancy
Bank & financing charges
Membership & conference fees
Maintenance & repairs
Sundry expenses
Depreciation
Homeward Bound
Animal Food and Consumables
Veterinary expenses
Veterinary drugs
Kennel expenses
Ambulance expenses
Maintenance & repairs		 2022
£
481,559
54,757
40,828
8,297
21,408
15,372
7,844
7,246
953
8,401
-
1,937
4,654
10,088
16,405
5,358
1,030
25,987
2,000
1,000
4,679
2,317
32,099
4,798
47,280		 2021
£
477,371
54,593
30,945
5,219
17,589
13,240
6,458
3,459
2,153
13,421
112
1,668
-
10,438
15,187
9,409
667
22,247
2,000
1,000
4,077
1,488
43,669
1,135
47,124
806,297
-
12,062
1,643
6,150
1,840
331
22,026		 784,669
460
37,386
8,142
44,426
17,395
760
108,569

23

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022
Outreach Program
Animal food & consumables
Veterinary Care
Veterinary Drugs
Other expenses
Clara Cat Group
Animal food & consumables
Veterinary care
Insurance
Telephone
Ambulance costs
Print, Postage, Stationery
Bank charges
Legal costs
Clara McMullan Deceased Fund
Total expenditure on charitable activities		 24,957
10,222
24,763
-
59,942
-
-
-
-
-
-
-
1,435
78,566
80,001
968,266		 16,928
17,589
23,683
-
58,200
122
8,455
352
20
1,600
96
32
-
-
10,677
962,115

Included in the above expenditure are support costs of £3,000 (2021 - £3,000) in respect of activities undertaken in accordance with note 7 below.

£98,857 (2021 - £45,260) of the above costs were attributable to restricted funds and £869,409 (2021 - £916,855) was attributable to unrestricted funds.

7 Allocation of support costs

Governance
Total		 Sanctuary
Homeward
Bound
Chance
of a
Lifetime
Clara Cat
Group
2022
Total
2021
Total
£
£
£
£
£
£
3,000
-
-
-
3,000
3,000
3,000
-
-
-
3,000
3,000

8 Governance costs

Trustee remuneration
11
Trustee expenses
Consultancy
Accountancy
Auditor’s remuneration
10		 2022
£
-
-
-
1,000
2,000
3,000		 2021
£
-
-
-
1,000
2,000
3,000

24

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

9 Net income/ (expenditure) for the year

Net income / (expenditure) is stated after charging / (crediting):

Depreciation and impairment of tangible fixed assets 2022
2021
£
£
47,281
47,124

10 Auditor’s remuneration

The Auditor’s remuneration amounts to an audit fee of £3,000 (2021 - £3,000).

11 Trustees' and key management personnel remuneration and expenses

The trustees neither received nor waived any remuneration during the year (2021: £Nil).

The total amount of employee benefits received by key management personnel is £nil (2021 - £nil). Key management personnel are considered to comprise the trustees. No (2021 – none) trustees are accruing pension arrangements.

The trustees did not have any expenses reimbursed during the year (2021 - £nil).

12 Staff costs and employee benefits

The average monthly number of employees during the year was as follows:

Raising funds
Charitable activities

The total staff costs and employees’ benefits was as follows:
Wages and salaries
Employers NIC
Defined contribution pension costs		 2022
2021
10
10
28
26
38
36
2022
2021
£
£
647,705
583,437
42,307
36,518
11,615
10,072
701,627
630,027

No employees received total employee benefits of more than £60,000.

25

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

13 Tangible fixed assets

Land and
Buildings
Equipment
Motor
vehicles
£
£
£
Cost or valuation:
At 01/01/22
865,224
61,845
126,206
Additions
12,804
1,725
-
Disposals
-
-
(48,272)
At 31/12/22
878,028
63,570
77,934
Depreciation:
At 01/01/22
205,414
32,729
95,891
Charge for the year
24,536
12,640
10,105
Impairment
-
-
-
Eliminated on disposals
-
-
(48,272)
At 31/12/22
229,950
45,369
57,724
Net book value:
At 31/12/22
648,078
18,201
20,210
At 31/12/21
659,810
29,116
30,315
The net book value of land and buildings comprised:
2022
£
Land and buildings:
Freehold
648,078
648,078		 Land and
Buildings
Equipment
Motor
vehicles
£
£
£
865,224
61,845
126,206
12,804
1,725
-
-
-
(48,272)		 Land and
Buildings
Equipment
Motor
vehicles
£
£
£
865,224
61,845
126,206
12,804
1,725
-
-
-
(48,272)		 Total
£

1,053,275

14,529
(48,272)
878,028
63,570
77,934
1,019,532
205,414
32,729
95,891
24,536
12,640
10,105
-
-
-
-
-
(48,272)
334,034

47,281

-
(48,272)
229,950
45,369
57,724
333,043
648,078
18,201
20,210
686,489
659,810
29,116
30,315
719,241
2022
£
648,078
648,078		 2021
£
659,810
659,810

The value of non-depreciable land included in Land and Buildings was £479,126 (2021 - £479,126).

No borrowing costs are included in the cost of the fixed assets.

Included in the total net book value of motor vehicles was £ Nil (2021 - £Nil) in respect of assets held under finance leases.

No tangible fixed assets have been pledged as security for liabilities of the charity. 14 Fixed asset investments

Cost or valuation
At 1/1/2022
Additions
Revaluation
Disposals
At 31/12/2022
Impairment
At 1/1/2022
Eliminated on disposals
At 31/12/2022
Carrying amount:
At 31/12/2022
At 31/12/2021		 Listed
investments
Total
£
£
918,917
918,917
593,712
593,712
(148,551)
(148,551)
(550,090)
(550,090)
813,988
813,988
-
-
-
-
-
-
813,988
813,988
918,917
918,917

26

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

Investments at fair value compromise:

Equities and securities
Cash within investment portfolio		 2022
£
813,988
35,595
849,583		 2021
£
918,917
35,407
954,324

The fair value of listed investments is determined by reference to prices quoted on the London stock exchange.

15
Stocks
Animal food & consumables
Merchandise
16
Debtors
Income tax recoverable
Vat Recoverable
Trade debtors
Prepayments
Accrued Income
Other debtors
No amounts included in debtors are falling due after one year.
17
Creditors: amounts falling due within one year
Trade creditors
Other tax and social security
PAYE
Credit Card
Cat trap deposits
Pension contributions
Other creditors
Accruals and deferred income
18
Creditors: amounts falling due after more than one year
Bank Loan (over 1 year)		 2022
£
8,723
627
9,350
2022
£
7,628
11,789
20,047
18,546
132,265
383
190,658
2022
£
25,001
-
-
-
115
2,981
-
12,483
40,580
2022
£
-
-		 2021
£
8,683
608
9,291
2021
£
30,852
19,017
-
17,242
166,551
2,463
236,125
2021
£
37,598
-
-
840
150
2,228
-
53,223
94,039
2021
£
-
-

27

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

19 Contingent assets

In August 2020 an interim payment of £200,000 in respect of a legacy to the charity was received. This amount of the interim payment has been included in income for the year ended 31 December 2020, however, at that date it was not possible to quantify the remaining amount of the legacy. The legacy related to an individual who had died in late 2018. No payments in respect of this legacy were received in the year ended 31 December 2021 or in the year ended 31 December 2022. At 31 December 2022 the full amount that will be receivable had still not been determined due to the ongoing administration of the deceased’s estate.

20 Fund reconciliation

Unrestricted funds

Unrestricted funds
General Purpose
Trustee Designated
Restricted funds
Clara McMullan
Deceased fund
Cat Building fund
General Funds
Total Funds		 Balance at
01/01/2022
Income
Expenditure
Transfers
Gains /
(losses)
Balance at
31/12/2022
£
£
£
£
£
£
756,310
1,137,079
(1,229,902)
3,870
-
667,357
1,278,280
16,679
(7,508)
-
(113,913)
1,173,538
2,034,590
1,153,758
(1,237,410)
3,870
(113,913)
1,840,895
Balance at
01/01/2022
Income
Expenditure
Transfers
Gains /
(losses)
Balance at
31/12/2022
£
£
£
£
£
£
83,871
-
(80,001)
(3,870)
-
-
44,069
-
-
-
-
44,069
20,538
18,856
(18,856)
-
-
20,538
148,478
18,856
(98,857)
(3,870)
-
64,607
2,183,068
1,172,614
(1,336,267)
-
(113,913)
1,905,502

Fund descriptions

a) Unrestricted funds

General Purpose Fund – this is a fund available at the discretion of the Trustees in respect of the furtherance of the objectives of the charity.

b) Designated funds

Trustee Designated Fund – this is a fund used to maintain and upgrade site facilities. A minimum fund limit has been set at £100,000 by the Trustees.

c) Restricted funds

Clara McMullan Deceased Fund – this is a fund applied for the benefit of Clara Cat Neutering Project (previously Clara’s Cat’s Welfare Group). At the end of the year a settlement amount of £78,566 was paid to the Clara Cat Neutering Project as they are now an established charity themselves and thus The Friends of Assisi Animal Sanctuary are no longer required to act as an agent on their behalf.

Cat Building fund – this is a fund that will be used towards the cost of constructing a new kitten home in the name of Clara McMullan deceased.

Miscellaneous funds – were funds received to assist with small projects.

28

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

21 Analysis of net assets between funds

Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
Fixed assets
362,534
323,955
-
686,489
Investments
-
813,988
-
813,988
Current assets
345,403
35,595
64,607
445,605
Creditors due in less than one year
(40,580)
-
-
(40,580)
Creditors due in more than one year
-
-
-
-
Total
667,357
1,173,538
64,607
1,905,502
Reconciliation of net income to net cash flow from operating activities
2022
2021
£
£
Net income for year
(277,566)
278,973
Depreciation of tangible fixed assets
47,281
47,124
(Gains) / losses on investments
148,551
(74,091)
(Increase) / decrease in stock
(59)
-
(Increase) / decrease in debtors
45,466
(98,774)
Increase / (decrease) in creditors
(53,458)
(172,873)
Net cash flow from operating activities
(89,785)
(19,641)		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
362,534
323,955
-
686,489
-
813,988
-
813,988
345,403
35,595
64,607
445,605
(40,580)
-
-
(40,580)
-
-
-
-
667,357
1,173,538
64,607
1,905,502		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
362,534
323,955
-
686,489
-
813,988
-
813,988
345,403
35,595
64,607
445,605
(40,580)
-
-
(40,580)
-
-
-
-
667,357
1,173,538
64,607
1,905,502		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
362,534
323,955
-
686,489
-
813,988
-
813,988
345,403
35,595
64,607
445,605
(40,580)
-
-
(40,580)
-
-
-
-
667,357
1,173,538
64,607
1,905,502
1,905,502
2022
£
(277,566)
47,281
148,551
(59)
45,466
(53,458)
(89,785)		 2021
£
278,973
47,124
(74,091)
-
(98,774)
(172,873)
(19,641)

22 Reconciliation of net income to net cash flow from operating activities

23 Financial commitments

There are no contractual commitments for the acquisition of tangible fixed assets contracted for but not provided in the financial statements at 31 December 2022.

24 Events after the end of the period

There are no adjusting or non-adjusting post balance sheet events.

25 Related party transactions

There were no related party transactions during the year.

29

E-Sign ID: 7897202f-f595-4712-ae32-1c20cde306b0

The Friends of Assisi Animal Sanctuary

Notes to the Financial Statements

Year Ended 31 December 2022

26 Financial instruments

The carrying amounts of the charity’s financial instruments are as follows:

The carrying amounts of the charity’s financial instruments are as follows:
Financial assets
Measured at fair value
- Fixed asset listed investments (note 14)
Debt instruments measured at amortised cost:
- Debtors (note 16)
Financial liabilities
Measured at amortised cost
- Trade creditors and accruals etc (note 17)
- Other creditors (note 18)		 2022
£
813,988
813,988
190,658
190,658
40,580
-
40,580		 2021
£
918,917
918,917
236,125
236,125
94,039
-
94,039

There are no income, expenses, net gains and net losses attributable to the charity’s financial instruments.

30

This Document has been Signed with a secure electronic signature via E-Sign.

Envelope Details

Title Accounts 2022
Author KPS (info@kpsca.co.uk)
Envelope Created on Tue, 13 Jun 2023 11:12:37
Envelope ID 7897202f-f595-4712-ae32-1c20cde306b0

Document Details

Title 2022 Annual Report and Financial Statements - The Friends of Assisi Animal Sanctuary
Digital Fingerprint 5446e4f3-0c8c-4d95-aec0-8a061ab94199

Document Signers Scan/Click the QR Code to view signature information

Name Kieran McCullagh
Email kieran.mccullagh@assisi-ni.org
Status SIGNEDat Tue, 13 Jun 2023 13:10:46 BST(+0100)
Signature Fingerprint e0ad3490-b84c-4db3-8085-ab1682ef14fc
Name Richard McMullan
Email richard@assisi-ni.org
Status SIGNEDat Tue, 13 Jun 2023 15:33:42 BST(+0100)
Signature Fingerprint 9a7dd6db-44d7-4830-befc-c9570a25f021
Name Kyran Smyth
Email ksmyth66@icloud.com
Status SIGNEDat Tue, 13 Jun 2023 17:16:43 BST(+0100)
Signature Fingerprint 7bf7b94e-4c52-4446-8813-4e62a68b2f56
Name KPS
Email ksmyth@kpsca.co.uk
Status SIGNEDat Tue, 13 Jun 2023 17:12:35 BST(+0100)
Signature Fingerprint e415ad45-454c-41f9-8b84-b277be3d35cf
Document History
Tue, 13 Jun 2023 17:16:44 Kyran SmythSigned the Document (IP: 82.132.219.75)
Tue, 13 Jun 2023 17:12:35 KPSSigned the Document (IP: 151.2.227.100)
Tue, 13 Jun 2023 15:33:43 Richard McMullanSigned the Document (IP: 86.1.104.246)
Tue, 13 Jun 2023 13:10:47 Kieran McCullaghSigned the Document (IP: 2.122.121.244)