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2023-03-31-accounts

LAST CHANCE ANIMAL RESCUE HOME REGISTERED CHARITY NO: 1002349

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

LAST CHANCE ANIMAL RESCUE HOME

CHARITY REGISTRATION NUMBER

1002349

TRUSTEES

D. Dawes A. Hakes L. Mason A. Ramsey

PRINCIPAL ADDRESS

Stickhill Hartfield Road Edenbridge TN8 5NH

SENIOR MANAGER

J Mansfield

AUDITORS

Moore Kingston Smith LLP Betchworth House 57-65 Station Road Redhill Surrey RH1 1DL

SOLICITORS

Hempsons Hempsons House 40 Villiers Street London WC2N 6NJ

PRINCIPAL BANKERS

National Westminster Bank 39 Station Road Redhill Surrey RH1 1QN

LAST CHANCE ANIMAL RESCUE HOME INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page

  1. Report of the Trustees

  2. Auditors' Report

  3. Statement of Financial Activities

  4. Balance Sheet

  5. Statement of Cashflows

  6. Notes to the Financial Statements

LAST CHANCE ANIMAL RESCUE HOME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their report and the financial statements for the year ended 31 March 2023. The Trustees have adopted the provisions of the 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) (second edition - October 2019).

Objectives and Activities

The objects of the charity are as set out in the Trust Deed and are to provide or maintain refuge or rescue homes or animal hospitals or sanctuaries or other facilities for the reception and care of injured or abused or unwanted animals of any species and the treatment and rehabilitation of such abused or ill-treated animals of any species.

The charity's objectives for the year were to rescue and re-home an increasing number of animals and improve facilities at the centre wherever possible.

We have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

The charity does not use the services of paid fund raisers except for the manager of our Bromley Charity Shop who is a paid employee and have not received any complaints concerning our fund raisers or activities.

Achievements and Performance

In 2023 the charity rehomed in total 520 animals, some of whom were neglected, others abandoned or unwanted and some of whom were handed in due to their owners no longer being able to care for them (2022: 457). This equated to an average of approx. 10 animals every week of the year. Some of the animals coming into the centre are strays, which we collect from a pound in Wales although this was very restricted again due to lockdown which prevented us from visiting the pound in Wales. For some animals this really is their last chance. Other animals come from local "hand ins" as we try not to turn any animal away. We implement a strict neutering policy and ensure every animal is wormed and inoculated by our veterinary surgeon, as well as microchipped for identification purposes. The charity also rehabilitated numerous animals needing extra medical treatment or surgery, using the excellent veterinary care facilities we have at the rescue centres, and if necessary referring animals needing specialist surgery to referral clinics to receive treatment.

Activities at both our New Romney and Edenbridge Centres are now back in full swing following the Pandemic. We welcomed the return of volunteers and were happy to be able to benefit from the support of our wonderful fosterers.

During 2023 work was completed on phase two of our second kennel block at New Romney and we were able to admit dogs needing our help into this facility.

Building work was completed on target in Autumn 2023 on our new office block and reception at our Edenbridge Centre, providing much needed new and practical facilities for the smooth running of the charity.

Structure, Governance and Management

Last Chance Animal Rescue Home is regulated by a trust deed dated 20 March 1991 and is registered with the Charity

Commissioners under registration number 1002349.

The Trustees are ultimately responsible for all aspects of the charity's affairs with the day to day management of the Rescue Centres being carried out by the senior manager, Ms J. Mansfield. Any major operational decisions, including the recruitment of new or additional staff are made by the Trustees based upon the recommendations of the senior manager.

New Trustees are sought when required. Only those with the necessary skills, experience and empathy for the charity's work will be appointed as decided by the existing Trustees. New Trustees will receive a pack of information concerning the history and background of the charity including financial information and will receive a briefing from the existing Trustees.

Page One

LAST CHANCE ANIMAL RESCUE HOME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Pay policy for senior staff

The salaries for key management personnel are reviewed annually and is dependent on delivery against individual annual objectives in accordance with the charity's aims and values.

The levels of pay aims to:

Pay for key management personnel reflects the market for comparable jobs in comparable organisations, the level of knowledge, skills and experience required and the responsibilities associated with each role.

Principal risks and uncertainties

The Trustees are responsible for ensuring there are adequate risk management and internal control systems in place to effectively manage the major risks to which the charity is exposed.

The Trustees consider the following risks to be the most significant in terms of strategic, business & operational risks and the following systems have been implemented to manage those risks:

Risk Management
Events that could impact the charity's reputation
Increased competition for voluntary income
Risk of standards slipping at the rescue centres
leading to reduced animal welfare		 If necessary, advice is sought on key issues that may impact the charity.
All staff are trained to ensure they are equipped to deal with the running
of the charity and their specific role.
Increased emphasis is put on fundraising and increasing local and
national awareness to engage with new and existing supporters.
The health and welfare of animals is regularly monitored.
Staff are vetted and trained to ensure the best care for the animals.

Financial Review

In 2023 income of £1,444,866 was £262,871 less than the previous year (£1,707,737) This is predominantly due to a decrease in legacy income. This income is expected to fluctuate year on year given the nature of it, and as such cannot be anticipated. Adoption income was £123,265 compared to £74,042 in 2022.

Overall expenditure in the year increased by £114,595 and as a result there is a surplus for the year of £608,417 compared with a surplus of £985,883 in 2022.

Once again the charity is immensely grateful for the donations and legacies it has received. This financial support has greatly enhanced our performance for the year. Free reserves are £2,438,342. There are no restricted funds.

Reserves Policy

In setting the reserves policy the Trustees are influenced by the fact that the charity is overwhelmingly reliant on voluntary income. This may fluctuate significantly during the course of the year, and from year to year. With that in mind, and the fact an additional kennel block has now been opened, the Trustees have decided that the level of free reserves should remain at the increased level of £400,000 to ensure adequate funds are available to allow for the rehoming of all animals should it become necessary.

At 31 March 2023 free reserves stood at £2,438,342. A lot of the surplus will be utilised in the continued development of both the Edenbridge and New Romney sites to as we seek to improve the facilities.

The designated Fixed Asset Fund represents the value of the charity's fixed assets, predominantly the land and buildings at the two rescue centres.

Page Two

LAST CHANCE ANIMAL RESCUE HOME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Plan¥ for Futur• Period• H8ving ￿w9a1n8d HanThng Pemiis3ion from the Lo￿1 Authorlty for a function roomlttamomlchthty shop al￿9 ￿th assoualed parking and access roa al our New Romney Centre, (x)nBtru¢tson work is pro9￿81ft9 w811, and we a￿ hopeful of owning the facility lator in the ye8f. We are 8Xten5ivdy advèrtising for a part-b.ma vet at our Rornney Centre as numbers have irKrea58d and a rèa need for an inhouse vet would be highly thant8geous. The staff 8ccornrnodath)n at ¢)ur Edenbrt¢Jge centre has now sadly sucojmbed to lime and n8Ed5 rep1￿ing to wsure the safety and well b￿[¥j of our staff vtho provide the 24 hour cover requir￿ at the ￿tre. We are seeking planning pemiission to replace the exi81ing staff &comrnodation wth a purFX)se buitt unit. Stat•mènt of Trusto•s' R••porffjlbi1111o8 The Trusiees are respJn8ible fof W8P8riro the Trust605' Re￿rt and the financial statements in arLordane8 With applicabl8 law and United Kingdom Accounting Slandards Iunileé Klngdom Generally Acceptgd Account1￿j Practi￿) including FRS 102 'Th8 Financial Rèporting Standard appIl￿ble in the UK and Republicof Irdand,. The law ap￿1¢able to charitigs in England ￿ Wales requires the Tru5te8S to prepar& fi'n8ncial statements of each finan￿al year which give a tnje and falr view of the state of 8ffairs of th8 Charity of the income and expenditure of the Charity for that peri￿1. In prepadng these financial statements th• Trustees are required to.. • sdect suitsble ac￿ntIng pc4icl6s and then apkly them con$istentty', •observe the rnelhods and prinCi￿¢S in the Charities SORP., •State ￿her applirable UK Accounting Standards have been follth%d, subject to any materfal departures disdosed and explained in the finandal statements. • make juternents an<J e$timates that are reasonable ènd prudent.. and, ' prepare the financAal statern￿ts on the going concern basis unless it inapproprlate to pr&gu￿ that the Charty 11 o)ntinue in bus1￿5$. The Trustees are rgsponsit4e for keeping propgr accountin9 recorth which disdose wth reasOna￿e ac0j￿Y ot ary tlme the financial Position of the Charity and lo enabl8 them to ensurè thal the finanoal statwnents comply the Charities Act 2011 and the Cmarity IAecounts and Reports) Regulth"ons 2008 and the promsions of the trust deed. They are al80 respon3ible kn taking reasonable steps for Ihe prevon'on and detectwjn of fraud and other irrgJularitses. Audltorn MO0￿ Kifyuston Smith LLP have indicat8d their Mrillingnegs to continue In clfice and a resolution will be proFY)sed at the G8neral Meeting that they are reapw)int•Y as audftors to the tharity. SKin8d on b4I2ifaf thA Trtsat A. Hes Datè.. 29-1-14- Pag9 Three

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAST CHANCE ANIMAL RESCUE HOME

Opinion

We have audited the financial statements of Last Chance Animal Rescue Home for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion on financial statements

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 charity 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 qualified 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 charity’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 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 there is 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Page Four

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAST CHANCE ANIMAL RESCUE HOME

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 3, the trustees 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 charity’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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

Page Five

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAST CHANCE ANIMAL RESCUE HOME

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

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

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.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity.

Our approach was as follows:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity’s trustees 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 any party other than the charity and charity's trustees as a body, for our audit work, for this report, or for the opinion we have formed.

Date: 30/01/2024 MOORE KINGSTON SMITH LLP Betchworth House Statutory auditor 57-65 Station Road Redhill Surrey RH1 1DL

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

Page Six

LAST CHANCE ANIMAL RESCUE HOME STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Income from:
Donations and Legacies
Charitable Activities
Other Trading Activities
Investments
Total Operating Income
Expenditure on:
Raising Funds
Charitable Activities
Total Operating Expenditure
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward		 Notes
2
3
4
5
14		 2023
2022
£
£
Unrestricted Funds		 2023
2022
£
£
Unrestricted Funds
1,194,038
152,085
90,064
8,679
1,444,866
20,078
816,371
836,449
608,417
3,908,399
4,516,816		 1,508,079
109,743
89,258
657
1,707,737
18,060
703,794
721,854
985,883
2,922,516
3,908,399

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

Page Seven

LAST CHANCE ANIMAL RESCUE HOME BALANCE SHEET AT 31 MARCH 2023 2023 2022 FI￿d A8￿ts Tawjible assets Invesbnenls 10 2,078,473 1,816,276 2,078.474 1,816,277 Curr¢ntAs#•ts stod(s D8btor5 and prepayments Cash at bank and in hand 15,041 32,842 2.453,313 10,705 34.982 2.085.543 12 2.501.196 2,131.230 Credltorn: Amounts falling (Jue wthin on• yèar 13 39,108 Net CurygntA••gtJ 2,438.342 2,092,1Z2 Total A88•ts Lo￿ Curr•nt Llabllltlo• 4,516,816 3,908,399 Total Fund• Unrestricted Funds 14 4,516.818 3,908,399 29-1-24 The finondal statements were aptxoved by th• tfttstees on ........................and signed on tsif behaw by: RR H A. Hakes Trust88 notss ￿ pag88 10 to 15 fom) part of Ih8se fmancial statgrrents. P￿? Eight

LAST CHANCE ANIMAL RESCUE HOME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Net cash provided by operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Loss on disposal of tangible fixed asset
Net cash used in investing activities
Change in cash and cash equivalents in the reporting period
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
686,761
(320,376)
1,385
(318,991)
367,770
2,085,543
2,453,313		 2022
£
1,018,269
(183,442)
-
(183,442)
834,827
1,250,716
2,085,543

RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH FLOW FROM OPERATIONS

Net income
Adjustments for:
Depreciation
(Increase)/ Decrease in stock
(Increase)/ Decrease in debtors
Increase/ (Decrease) in creditors
Net cash provided by operating activities		 2023
2022
£
£
608,417
985,883
56,794
49,208
(4,336)
2,715
2,140
(10,595)
23,746
(8,942)
686,761
1,018,269

ANALYSIS OF CHANGE IN NET FUNDS

ANALYSIS OF CHANGE IN NET FUNDS
1 April Cash flows 31 March
2022 2023
£ £ £
Cash at bank and in hand 2,085,543 367,770 2,453,313

Page Nine

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting Policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102). The charity is a public benefit entity for the purposes of FRS 102, and the charity has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102 Charities SORP) and the Charities Act 2011. The accounts do not comply with the Charities (Accounts and Report) Regulations 2008 as this requires compliance with SORP 2005 which has now been superseded.

These financial statements are prepared under the historical cost convention. 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 pound. The principal accounting policies adopted are set out below.

1.2 Going concern

At the Balance sheet date, the charity has unrestricted funds of £4,516,816 and a strong cash balance of £2,453,313. Subsequent to the year end, the trustees have assessed whether the use of the going concern basis of preparation of the financial statements is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. In particular, the trustees have taken into account the levels of cash held by the charity and the pressures on income. Whilst the ultimate impact of increased costs cannot currently be quantified the trustees do not believe that it will significantly impact the ability of the charity to continue as a going concern.

The trustees have made this assessment for a period of at least one year from the date of approval of these financial statements. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.3 Income

All income is recognised when there is an entitlement to the funds, the receipt is probable and the amount can be measured reliably.

Legacies are recognised following probate and once there is sufficient evidence that receipt is probable and the amount of the legacy receivable can be measured reliably. Where entitlement to a legacy exists but there is uncertainty as to its receipt or the amount receivable, details are disclosed as a contingent asset until the criteria for income recognition are met.

1.4 Resources Expended

Expenditure is included in the Statement of Financial Activities on an accruals basis and recognised gross of of irrecoverable VAT. 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 benefit will be required in settlement and the amount of the obligation can be measured reliably.

All costs are allocated between expenditure categories on a basis designed to reflect the use of the resources. Costs related to a particular activity are allocated directly. Support costs are apportioned on an appropriate basis. These are costs which assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs.

Governance costs comprise the cost of running the charity, including external accountancy, audit, Trustees' legal advice and constitutional and statutory compliance costs.

1.5 Gift aid

Gift aid and other income received by the charity in respect of which a claim for repayment for tax has or will be made is grossed up for the tax recoverable and this gross amount is recognised in the Statement of Financial Activities.

1.6 Government grant receivable

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Page Ten

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (Continued)

1. Accounting Policies (Contd)

1.7 Fixed Assets

Tangible fixed assets are capitalised at cost and depreciated to their estimated residual value over their estimated useful lives, as follows:

Freehold buildings 2% cost
Improvements to premises 20% reducing balance
Kennels and cattery 20% reducing balance
Motor vehicles 25% reducing balance
Furniture and equipment 20% reducing balance

Freehold land is not depreciated.

At the end of each accounting period the residual values and useful lives of assets are reviewed and adjusted if necessary. In addition, if events or change in circumstances indicate that the carrying value may not be recoverable then the carrying values of tangible fixed assets are reviewed for impairment.

1.8 Stock

Stocks are valued at the lower of cost and estimated net realisable value.

1.9 Leases

Rent payable under operating leases is accounted for in the Statement of Financial Activities in equal amounts over the period of the lease.

1.10 Fund Accounting

Funds held by the Charity are either:

Unrestricted general funds- these are funds that can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds- these are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

1.11 Critical Accounting Estimates and Areas of Judgement

In the view of the trustees in applying the accounting policies adopted, no judgements were required that have made a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

1.12 Financial Instruments

Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand and short term deposits with a maturity date of three months or less.

Debtors and creditors

Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to market rate of interest are measured at the present value of the expected future receipts or payments discounted at a market rate of interest.

Fixed Asset Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

2. Income from Charitable Activities

Income from Charitable Activities
Adoptions
Other
Government Grant		 Unrestricted
Funds
2023
£
123,265
28,820
-
152,085		 Unrestricted
Funds
2022
£
74,042
35,018
683
109,743

Page Eleven

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (Continued)

3. Income from Other Trading Activities

3.
Income from Other Trading Activities
Shop Income
Fundraising
Membership Income
4.
Expenditure on Raising Funds
Year to 31 March 2023
Expenditure directly allocated to raising funds
Premises costs
Support costs allocated to raising funds
Salaries
Prizes
Year to 31 March 2022
Expenditure directly allocated to raising funds
Premises costs
Support costs allocated to raising funds
Salaries
Prizes
All expenditure on raising funds was unrestricted.		 Direct
Costs
£
15,000
-
-
15,000
Direct
Costs
£
15,083
-
-
15,083		 Unrestricted
Funds
2023
£
63,885
16,053
10,126
90,064
Support
Costs
£
-
1,228
3,850
5,078
Support
Costs
£
-
1,127
1,850
2,977		 Unrestricted
Funds
2022
£
53,922
25,084
10,252
89,258
Total
2023
£
15,000
1,228
3,850
20,078
Total
2022
£
15,083
1,127
1,850
18,060
5.
Expenditure on Charitable Activities
Year to 31 March 2023
Expenditure directly allocated to activities
Salaries
Feed, bedding and consumables
Vet expenses
Depreciation
Other premises costs
Utilities and cleaning
Motor running costs
Travelling expenses
Sundry costs
Staff training
Support costs allocated to activities
Salaries
Marketing
Postage, printing and stationery
Subscriptions
Telephone
Bank charges
Audit
Accountancy
Legal and professional
Loss on disposal of tangible fixed asset
Staff welfare		 Direct
Costs
£
467,752
12,881
91,452
56,794
49,897
54,349
4,558
1,034
1,856
284
-
-
-
-
-
-
-
-
-
-
-
740,857		 Support
Costs
£
-
-
-
-
-
-
-
-
-
-
11,049
4,076
14,737
704
4,050
4,067
19,500
9,509
3,442
1,385
2,995
75,514		 Total
2023
£
467,752
12,881
91,452
56,794
49,897
54,349
4,558
1,034
1,856
284
11,049
4,076
14,737
704
4,050
4,067
19,500
9,509
3,442
1,385
2,995
816,371

Page Twelve

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (Continued)

5. Expenditure on Charitable Activities (Contd) Year to 31 March 2022

Expenditure directly allocated to activities
Salaries
Feed, bedding and consumables
Vet expenses
Depreciation
Other premises costs
Utilities and cleaning
Motor running costs
Travelling expenses
Sundry costs
Support costs allocated to activities
Salaries
Marketing
Postage, Printing and Stationery
Telephone
Bank charges
Audit
Accountancy
Legal and professional
Staff welfare		 Direct
Costs
£
352,896
69,495
68,535
49,208
49,451
43,282
2,546
283
6,926
-
-
-
-
-
-
-
-
-
642,622		 Support
Costs
£
-
-
-
-
-
-
-
-
-
10,146
5,906
12,645
2,831
2,230
8,250
7,868
9,709
1,587
61,172		 Total
2022
£
352,896
69,495
68,535
49,208
49,451
43,282
2,546
283
6,926
10,146
5,906
12,645
2,831
2,230
8,250
7,868
9,709
1,587
703,794

Included within support costs are governance costs of £32,451 (2022: £25,827).

All expenditure on charitable activities was unrestricted.

6.
Employee Information
Wages and salaries
Employers National Insurance
Pension contributions
The average number of employees was 22, analysed as follows:
Direct charitable
Administration		 2023
£
439,508
32,134
8,387
480,029
21
1
22		 2022
£
332,693
24,532
6,944
364,169
14
1
15

No employee was paid £60,000 or more during the year.

At the year end there is an amount included in other creditors of £1,194 (2022: £652) in respect of pension contributions.

7. Taxation

The Charity is not liable to Corporation Tax as the income is of an exempt nature.

8. Net Operating Income

This is stated after charging:

Net Operating Income
This is stated after charging:
2023 2022
£ £
Auditors' Remuneration 19,500 8,250

Page Thirteen

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (Continued)

9. Trustees and Key Management Personnel

Key management personnel include the Trustees of the Charity.

The Trustees received no remuneration or benefits in kind from the Charity. No trustees were reimbursed expenses during the period.

10. Tangible Assets
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for year
Disposal
At 31 March 2023
Net Book Value
At 31 March 2023
At 31 March 2022		 Land &
Buildings
£
2,299,368
265,973
-
2,565,341
516,449
45,170
-
561,619
2,003,722
1,782,919		 Kennels &
Cattery
£
408,336
-
-
408,336
398,893
1,888
-
400,781
7,555
9,443		 Furniture &
Equipment
£
82,851
54,403
(31,500)
105,754
66,383
7,874
(30,115)
44,142
61,612
16,468		 Motor
Vehicles
£
39,480
-
-
39,480
32,034
1,862
-
33,896
5,584
7,446		 Total
£
2,830,035
320,376
(31,500)
3,118,911
1,013,759
56,794
(30,115)
1,040,438
2,078,473
1,816,276

11. Fixed Asset Investment

The investment represents the charity's wholly owned trading subsidiary Last Chance Shops Limited, which is incorporated in the United Kingdom. The company was incorporated on 30 March 2007 but remained dormant at 31 March 2023. Consequently, consolidated accounts are not presented.

12. Debtors and Prepayments
Legacy income receivable
Income tax recoverable
Social security and other taxes
Prepayments and accrued income		 2023
2022
£
£
10,000
17,536
7,969
5,249
11,756
3,336
3,117
8,861
32,842
34,982

Apart from prepayments, all debtors are financial instruments and are measured at present value.

13. Creditors: Amounts falling due within one year
Trade creditors
Accruals
Other creditors		 2023
2022
£
£
18,577
9,317
32,212
18,705
12,065
11,086
62,854
39,108

All creditors are financial instruments and are measured at present value.

Page Fourteen

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (Continued)

14. Movement in Funds

Balance at
31 March 2022
£
General
2,092,122
Designated - Fixed assets
1,816,277
3,908,399		 Incoming
Resources
£
1,444,866
-
1,444,866		 Outgoing
Resources
£
(836,449)
-
(836,449)		 Transfers
£
(262,197)
262,197
-		 Balance at
31 March 2023
£
2,438,342
2,078,474
4,516,816

Transfers

The transfer from the general fund represents the increase in the net book value of fixed assets during the year.

15. Analysis of net assets between funds

General
Designated - Fixed Assets		 Fixed
Assets
£
-
2,078,474
2,078,474		 Current
Assets
£
2,501,196
-
2,501,196		 Liabilities
£
(62,854)
-
(62,854)		 Total
£
2,438,342
2,078,474
4,516,816

16. Future Financial Commitments

Operating leases

The charity's future minimum operating lease payments are as follows:

Operating lease which expire:
Within one year
in the second to fifth year		 2023
2022
£
£
15,000
15,000
17,425
32,425
32,425
47,425
Land and Buildings

17. Related Party Transactions

There were no related party transactions in the reporting period requiring disclosure.

Page Fifteen

LAST CHANCE ANIMAL RESCUE HOME DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2023

LAST CHANCE ANIMAL RESCUE HOME DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Income
Adoptions
Shop income
Donations
Legacies
Fundraising
Membership
Interest received
Other income
Government grants received
Expenditure
Direct charitable expenditure
Wages & salaries
Feed and bedding
Vet expenses
Rates & water
Insurance
Light & heat
Repairs & maintenance
Printing, postage and stationery
Marketing
Telephone
Motor expenses
Travelling expenses
Sundry expenses
Dog leads and accessories
Subscriptions
Depreciation
Staff training
Fund raising expenditure
Shop expenses
Prizes
Administrative Expenditure
Wages and salaries
Legal and professional
Accountancy
Bank charges
Audit fee
Staff welfare
Loss on disposal of tangible fixed asset
Total Expenditure
Surplus		 2023
£
123,265
63,885
138,545
1,055,493
16,053
10,126
8,679
28,820
-
1,444,866
467,752
11,989
91,452
12,792
14,334
27,223
49,897
14,737
4,076
4,050
4,558
1,034
1,856
892
704
56,794
284
764,424
15,000
3,850
18,850
12,277
3,442
9,509
4,067
19,500
2,995
1,385
53,175
836,449
608,417		 2022
£
74,042
53,922
157,260
1,350,819
25,084
10,252
657
35,018
683
1,707,737
352,896
68,535
68,535
7,775
8,460
27,047
49,451
12,645
5,906
2,831
2,546
283
6,926
960
-
49,208
-
664,004
15,083
1,850
16,933
11,273
9,709
7,868
2,230
8,250
1,587
-
40,917
721,854
985,883