Page 19 - Animal Care Trust Annual Review 2018-2019

The reserves position remain healthy with unrestricted funds standing at £1.1m as at 31 July 2019 compared to annual staff costs of £267k and directly incurred non-grant costs of £96k. The Trust is therefore in a position to manage its expenditure within the combination of unrestricted reserves and funds raised each year.
BALANCE SHEET AS AT 31 JULY 2019
Note Unrestricted Restricted
Funds Funds
£000 £000 Investments 2 601 2,524
Current assets
Other debtors and accrued income - 542 less than one year
Cash at bank and in hand 81
Current liabilities
Creditors: Amounts due in less than (8) one year
Net current assets 615
Total assets less current liabilities 1,216 2,524
Provisions for pensions liabilities 9 (82)
Total net assets 1,134 2,524
The funds of the charity:
Endowment funds 6
Restricted income funds 6 2,524 Unrestricted funds 7 1,134
Endowment Funds
£000
15
2019 Total
£000 3,140
542 81
(8)
615 3,755
(82)
3,673
15 2,524 1,134
3,673
2018 Total
£000 2,932
945 123
(9)
1,059 3,991
(34)
3,957
19 2,704 1,234
3,957
Fixed assets
Total charity funds
1,134 2,524
15 15
15
15
These Financial Statements were approved on behalf of the Trustee on 27 November 2019 by:
Professor Stephen May, Chairman of ACT Management Committee, and Mr David Danson, Member, Council, Royal Veterinary College, Member, ACT Management Committee
This is a summary of the Charity’s accounts taken from the 2018/19 audited statutory accounts of The Royal Veterinary College Animal Care Trust. Copies of the full accounts are available on request from The Animal Care Trust or
can be accessed from our website or that of The Charity Commission. 19