Rich donkeys?

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   Sarah, the sleuthing hound

"The Donkey Sanctuary is sitting on a massive pile of cash"

FALSE: SEVERAL PEOPLE HAVE TOLD us that the Donkey Sanctuary has been sitting on a big pile of cash for some years. This aroused our suspicions, so we opened up their annual report - and found that they had over £38m sitting in the bank. This is an awful lot of money, especially since they spend only £14m a year.

This might not have been so worrying if it the Sanctuary had a concrete idea of where this money was going to be spent - but apparently they didn't. As far as we knew, they were saving up for a donkey health spa, or an extra-large donkey Christmas party. They could spend this money any way they liked, and, as potential donors, that worried us.

So we went to a quiet place and took another look at their report. After some head-scratching, we discovered that they were, inexplicably, counting everything they owned as part of the cash they had to spend. If this sounds strange, then you'd be right: it's like protesting to the bank that it isn't counting the value of your house in the balance of your current account.

What was the Sanctuary playing at? We spoke to their finance director, John Carroll, in an attempt to find out. Refreshingly, he admitted there was a problem with how they were presenting the figures at the moment, and told us that next year's figures would be a lot clearer, even going so far as to tell us what they were going to spend on specific projects. This is great news - but, for the moment, it's all too easy to think that the Donkey Sanctuary is a fat-cat charity, after your money to enrich itself. Which, it turns out, it isn't.

Reader's comments

Submitted by grageas on Sun, 22/04/2007 - 3:46pm.

I think John Carroll should come clean about other parts of his accounting whilst he is at it. A few years ago Paul Svendsen from the Donkey Sanctuary approached the national Spanish SEPE charity for the protection of equines for their help, as the DS had a field officer working in Spain paying no tax or social security and as they had no charity licence to operate legally within Spain at the time. (Their accounts should show this!) SEPE were asked if they would be prepared to legalise his situation by putting him through their books if they were paid a small commission to cover their costs. So his wages, cars, hotels, flights, office costs, expenses, and many other things partly to get the DS own Donkey Sanctuary operation going in Spain.  Some of this money was put directly through SEPE’s accounts but to SEPE’s surprise when they were shown some of the DS yearly accounts that their was no explanation within their accounts what the money was for, just showing it was all paid as a grant, (wonderfully generous ha!!!) but to SEPE’s thinking this was completely falsifying their accounts to their supporters by not disclosing what the money was actually for i.e. their own field officer and setting up their own sanctuary!. You can contact SEPE through their web site www.sepeonline.net


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