HOLLY HEDGE ANIMAL SANCTUARY
Financial health, per its FY2024 accounts
The charity reported a deficit of £224k for the year ended 31 March 2024, a significant reversal from the £4.2m surplus in the prior year, primarily due to the absence of a large legacy received in 2023. Despite the deficit, unrestricted reserves stood at £5.73m, which is above the trustees' stated policy target of £300k (three months of total costs). The accounts were prepared on a going concern basis with no material uncertainties identified by the auditors.
What the accounts disclose
“the trustees have agreed to a policy of three months of total costs as the unrestricted reserves required, estimated at £300k.”
“Suzanne Leeson-Magry, daughter of trustee Pauline Leeson-Magry, is an employee of Holly Hedge Animal Sanctuary. In the year ended 31 March 2024 Suzanne was paid £13,188 for her services” — page 30
“Suzanne also rents a property from the charity and paid £7,800 in rent to the charity during the year.” — page 30
“Suzanne Leeson-Magry, daughter of trustee Pauline Leeson-Magry, is an employee of Holly Hedge Animal Sanctuary. In the year ended 31 March 2024 Suzanne was paid £13,188 for her services” — page 30
“Suzanne also rents a property from the charity and paid £7,800 in rent to the charity during the year.” — page 30
“The financial statements contain retail income of £56,807 relating to shop sales. Due to a loss of records for the period prior to September 2023, we were unable to obtain sufficient appropriate audit evidence regarding the occurrence and completeness of this income.” — page 8
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (22/08/2023)
Trustees
- Clive Clifford
- Nicola Jayne Bendall
- Pauline Leeson-Magry
- Richard Baker
- Sandra Bingley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £1.1m |
| 31/03/2024 | £791k | £1.2m |
| 31/03/2023 | £5.0m | £835k |
| 31/03/2022 | £511k | £577k |
| 31/03/2021 | £755k | £657k |
Common questions
Is HOLLY HEDGE ANIMAL SANCTUARY financially healthy?
The charity reported a deficit of £224k for the year ended 31 March 2024, a significant reversal from the £4.2m surplus in the prior year, primarily due to the absence of a large legacy received in 2023. Despite the deficit, unrestricted reserves stood at £5.73m, which is above the trustees' stated policy target of £300k (three months of total costs). The accounts were prepared on a going concern basis with no material uncertainties identified by the auditors. Its FY2024 accounts were audited by Godfrey Wilson Limited.