Charity registration number 1207068
Company registration number 12931081 (England and Wales)
FEATHERS TOGETHER LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
FEATHERS TOGETHER LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs C Tate
Mr W Tate
Mrs I Alcock
J Weatherly
(Appointed 6 March 2023)
R Cairns
(Appointed 6 March 2023)
R Avery
(Appointed 6 March 2023)
Charity number
1207068
Company number
12931081
Registered office
Hutton Street
Boldon Colliery
Tyne and Wear
England
NE35 9LW
Accountants
Quantum Accountancy Services Limited
Unit 14
Witney Way
Boldon
Tyne & Wear
NE35 9PE
FEATHERS TOGETHER LIMITED
CONTENTS
Page
Trustees' report
1 - 3
Accountants' report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 12
FEATHERS TOGETHER LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 October 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's [governing document], the Companies Act 2006 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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

Feathers Together has two main objectives:

1, For the benefit of the public to relieve the suffering of birds and other animals in need of care and attention and, in particular, to provide and maintain rescue homes or other facilities for the reception, care and treatment of such birds and other animals.

2. To promote humane behaviour towards birds and other animals by providing appropriate care, protection, treatment and security for birds and other animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage. with the objective to also educate the public in matters pertaining to bird and animal welfare in general and the prevention of cruelty and suffering among birds and other animals.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Activities

Feathers Together has 3 mains aims, Rescue, Support and Educate.

Rescue

Parrots and other exotic pet birds come to Feathers Together for many reasons. A deceased owner, change of personal circumstances, health issues or financial difficulties. We make no judgement; we are here to support birds and their owners whatever their circumstances.

Support

Birds are provided with individual care according to their specific needs. This may include treatment from a specialist avian vet, supportive care such as nebulisation or medication, dietary changes and re-socialisation with other birds and people. Birds stay at Feathers Together for as little as a few days, or for as long as it takes for them to be ready for rehoming. Some birds require ongoing treatment or specialist care and have a home at Feathers Together forever. By getting to know the birds in our care we can find the best adoptive homes for them. With the larger parrots it is often a case of the parrot picking the owner rather than the owner picking the parrot! Support for both bird and owner continues long after the adoption process.

Educate

Feathers Together is about the relationship between people and their pet birds. By educating existing and prospective bird owners we endeavour to equip people with the knowledge and the expertise to keep their birds happy and healthy. We call this "responsible aviculture". Education is a two-way process and we too are constantly learning from our birds and other bird-keepers.

FEATHERS TOGETHER LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
Achievements and performance
Significant activities and achievements against objectives

Three additional trustees were appointed during the year, bringing with them a wealth of experience in accounting and charity governance, social media, event planning, PR and bird-keeping. We have also enjoyed the support of several volunteers who have helped with practical activities such as feeding and cage cleaning.

 

Over 130 birds were taken in during our third year, with the vast majority already placed into new homes. The most common species arriving were budges, lovebirds and African grey parrots.

 

November will see the first of our fund-raising events, to be held at Garden Feathers. The main aims of the events will be to raise the profile of the charity, educate current and prospective bird owners and raise funds. If the first event is successful, we will look to organise three events a year.

 

We have continued our ongoing arrangement with Parrots magazine, where they publish an article from us each month. This is a mix of updates on the birds and education about parrot ownership. The arrangement is set to continue indefinitely and is helping to raise the profit of Feathers Together as well as achieving our aims.

 

The Parrot Society UK organised a 'Pet Parrot Gathering' show, which Feathers Together attended. We provided a practical presentation on harness training parrots, and educated visitors on avian nutrition, feather plucking and rehabilitation.

 

Our relationship with local avian veterinary practice 'Robson & Prescott' continues, and we are grateful for their advice and support over and above the formal consultations booked.

 

Financial review

Feathers Together have been able to raise enough funds to cover all of the veterinary costs of the birds through the adoption fees.

 

Trustees continue to donate their own time and resources. They have put a lot of their own time into the care of the birds which has enabled the charity to retain a large proportion of the donations received.

Garden Feathers Limited, donate their resources (cages, staff time, feed).

 

Reserves policy

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Furthermore, fund raising has begun for the purchase of land and buildings to create a permanent parrot sanctuary and bird gardens, to be open to the public as an educational resource. A pledge of £100.000 was received after the year end specifically for this purpose. Additionally, funds in excess of those required for reserves will be nominally allocated to this purpose.

Structure, governance and management

The Charity is a company limited by guarantee.

FEATHERS TOGETHER LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs C Tate
Mr W Tate
Mrs I Alcock
J Weatherly
(Appointed 6 March 2023)
R Cairns
(Appointed 6 March 2023)
R Avery
(Appointed 6 March 2023)
Recruitment and appointment of trustees

Trustees are sort for both their professional skills/background and also for their will to support the main objectives and aims of the Charity, to enable Feathers Together to move forward and continue with its objects.

Trustees are appointed at the AGM and will offer themselves up for reappointment every three years.

 

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees' report was approved by the Board of Trustees.

Mrs C Tate
Trustee
26 July 2024
FEATHERS TOGETHER LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FEATHERS TOGETHER LIMITED FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Feathers Together Limited for the year ended 31 October 2023, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter dated 16 October 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Feathers Together Limited and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Feathers Together Limited and the charity's Trustees as a body, for our work or for this report.

It is your duty to ensure that Feathers Together Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Feathers Together Limited. You consider that Feathers Together Limited is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of Feathers Together Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Quantum Accountancy Services Limited
26 July 2024
Chartered Accountants
Unit 14
Witney Way
Boldon
Tyne & Wear
NE35 9PE
FEATHERS TOGETHER LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
Unrestricted
Unrestricted
funds
funds
2023
2022
Notes
£
£
Income from:
Donations and legacies
3
12,238
17,795
Charitable activities
4
937
-
Total income
13,175
17,795
Expenditure on:
Raising funds
5
516
226
Charitable activities
6
1,505
2,175
Total expenditure
2,021
2,401
Net income and movement in funds
11,154
15,394
Reconciliation of funds:
Fund balances at 1 November 2022
24,237
8,843
Fund balances at 31 October 2023
35,391
24,237

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

FEATHERS TOGETHER LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 6 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
12
1,021
200
Current assets
Cash at bank and in hand
34,490
24,037
Creditors: amounts falling due within one year
13
(120)
-
Net current assets
34,370
24,037
Total assets less current liabilities
35,391
24,237
Net assets excluding pension liability
35,391
24,237
The funds of the Charity
Unrestricted funds
35,391
24,237
35,391
24,237

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 October 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 26 July 2024
Mrs C Tate
Trustee
Company registration number 12931081 (England and Wales)
FEATHERS TOGETHER LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 7 -
1
Accounting policies
Charity information

Feathers Together Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Hutton Street, Boldon Colliery, Tyne and Wear, NE35 9LW, England.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 Charity is a Public Benefit Entity as defined by FRS 102.

 

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
FEATHERS TOGETHER LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

FEATHERS TOGETHER LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 9 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Donations and gifts
12,238
17,795
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Other activities

Sale of goods

937
-
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Advertising
516
226
FEATHERS TOGETHER LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 10 -
6
Expenditure on charitable activities
Charitable expenditure
Charitable expenditure
2023
2022
£
£
Direct costs

Charitable expenditure

741
1,150
Share of support and governance costs (see note 7)
Support
256
433
Governance
508
592
1,505
2,175
Analysis by fund
Unrestricted funds
1,505
2,175
7
Support costs allocated to activities
2023
2022
£
£
54
258
203
175
Governance costs
507
592
764
1,025
Analysed between:
Charitable expenditure
764
1,025
8
Net movement in funds
2023
2022
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
223
100
9
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
FEATHERS TOGETHER LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 11 -
10
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
11
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 November 2022
400
Additions
1,044
At 31 October 2023
1,444
Depreciation and impairment
At 1 November 2022
200
Depreciation charged in the year
223
At 31 October 2023
423
Carrying amount
At 31 October 2023
1,021
At 31 October 2022
200
13
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
120
-
FEATHERS TOGETHER LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 12 -
14
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 November 2022
Incoming resources
Resources expended
At 31 October 2023
£
£
£
£
General funds
24,237
13,175
(2,021)
35,391
Previous year:
At 1 November 2021
Incoming resources
Resources expended
At 31 October 2022
£
£
£
£
General funds
8,843
17,795
(2,401)
24,237
15
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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