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2024-03-31-accounts

LAST CHANCE ANIMAL RESCUE HOME REGISTERED CHARITY NO: 1002349

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

LAST CHANCE ANIMAL RESCUE HOME

CHARITY REGISTRATION NUMBER

1002349

TRUSTEES

D. Dawes

L. Mason (deceased 21 June 2024)

A. Ramsey

PRINCIPAL ADDRESS

83 Coast Drive Greatstone New Romney TN28 8NR

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 2024

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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 2024

The Trustees present their report and the financial statements for the year ended 31 March 2024. 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 2024 the charity rehomed in total 544 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: 520). This equated to an average of approx. 11 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 surgeons, 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.

In December 2023 we opened a function room/tearoom/charity shop along with associated parking and access road at our New Romney Centre, the charity shop and tearoom has being very well supported.

We purchaseda portable storage/office unit for use at our New Romney centre, to help cater for additional expansion of the centre and it’s efficient running.

We are fortunate to have secured the services of a very experienced part-time vet at our New Romney Centre. This will not only benefit us financially but will also avoid time consuming visits to outside veterinary facilities and the costs involved.

Planning permission has now been granted to provide replacement staff accommodation at our Edenbridge centre. Engineers reports and soil testing is underway in readiness for building works to commence.

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 2024

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: e recruit and retain talented individuals to lead and develop the charity; and e develop and sustain high performance.

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:

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

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Financial Review

In 2024 income of £1,108,781 was £336,085 less than the previous year (£1,444,866) 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 £128,384 compared to £123,265 in 2023.

Overall expenditure in the year increased by £245,310 and as a result there is a surplus for the year of £27,022 compared with a surplus of £608,417 in 2023.

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 £2,058,122. 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 2024 free reserves stood at £2,058,122. 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 2024

Plans for Future Periods

We hope to begin work on the staff accommodation block at our Edenbridge site and improve access facilities by constructing a roadway and associated staff and disabled/visitor parking.

We are currently negotiating the purchase of additional land adjoining our New Romney centre. This will allow for further exercise areas, parking and fund raising events etc.

Trustees are considering the expansion of the veterinary unit at New Romney to enable the possible installation of an x-ray facility funds permitting.

We are hoping to erect a Catio at each of our centres to enrich the lives of our cats and enable them to enjoy the great outdoors whilst waiting for a new home.

To improve and assist fund raising, both our charity shops are aiming to set up ebay shops to reach a wider audience for some of our more specialised and unique items.

Statement of Trustees' Responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. The law applicable to charities in England and Wales requires the Trustees to prepare financial statements of each financial year which give a true and fair view of the state of affairs of the Charity and of the income and expenditure of the Charity for that period. In preparing these financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditors

Moore Kingston Smith LLP have indicated their willingness to continue in office and a resolution will be proposed at the General Meeting that they are reappointed as auditors to the charity.

Signed on behalf of the Trustees

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A. Hakes
Date: 2F-1- Zo
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Page 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 2024 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 annua! 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:

. the information given in the Trustees’ Annual Report is inconsistent in any material respect with the financial statements; or

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.

IAN MATTHEWS Senior Statutory Auditor For and on behalf of MOORE KINGSTON SMITH LLP

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Date: Reo Wanrwna. 22%'D
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Betchworth House

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 2024

Unrestricted Funds
Notes 2024 2023
£ £
Income from:
Donations and Legacies 810,365 1,194,038
Charitable Activities 2 161,278 152,085
Other Trading Activities 3 102,783 90,064
Investments 34,355 8,679
Total Operating Income 1,108,781 1,444,866
Expenditure on:
Raising Funds 4 20,479 20,078
Charitable Activities 5 1,061,280 816,371
Total Operating Expenditure 1,081,759 836,449
Net Movement in Funds 27,022 608,417
Total Funds Brought Forward 4,516,816 3,908,399
TotalFundsCarriedForward 14 4,543,838 4,516,816

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 2024

Notes 2024 2023
£ £
Fixed Assets
Tangible assets 10 2,486,737 2,078,473
Investments 11 1 1
2,486,738 2,078,474
Current Assets
Stocks 26,561 15,041
Debtors and prepayments 12 24,958 32,842
Cash at bank and in hand 2,058,122 2,453,313
2,109,641 2,501,196
Creditors:
Amounts falling due within one year 13 (52,541) (62,854)
Net Current Assets 2,057,100 2,438,342
Total Assets Less Current Liabilities 4,543,838 4,516,816
Total Funds
UnrestrictedFunds 14 4,543,838 4,516,816

The financial statements were approved by the trustees on AA ra 2s | ...and signed on their behalf by:

A. Hakes Trustee

The notes on pages 10 to 15 form part of these financial statements.

Page Eight

LAST CHANCE ANIMAL RESCUE HOME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2024|2023| |£|£| |Net cash|provided|by|operating|activities|83,381|686,761| |Cash|flows|from|investing|activities| |Purchase|of|property,|plant|and|equipment|(478,572)|(320,376)| |Loss|on|disposal|of tangible|fixed|asset|.|1,385| |Net cash|used|in|investing|activities|(478,572)|(318,991)| |Change|in|cash|and|cash|equivalents|in|the|reporting|period|(395,191)|367,770| |Net decrease|in|cash|and|cash|equivalents| |Cash|and|cash|equivalents|at the|beginning|of the|year|2,453,313|2,085,543| |Cash|and|cash|equivalents|at|the|end|of the|year|2,058,122|2,453,313|

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RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH FLOW FROM OPERATIONS

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|||||||| |---|---|---|---|---|---|---| |2024|2023| |£|£| |Net income|27,022|608,417| |Adjustments|for:| |Depreciation|70,308|56,794| |(Increase)/|Decrease|in|stock|(11,520)|(4,336)| |(Increase)/|Decrease|in|debtors|7,884|2,140| |Increase/|(Decrease)|in|creditors|(10,313)|23,746| |Net cash|provided|by|operating|activities|83,381|686,761|

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ANALYSIS OF CHANGE IN NET FUNDS

Cash at bank and in hand

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1 April Cash flows 31 March
2023 2024
£ £ £
2,453,313 (395,191) 2,058,122
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Page Nine

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LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting Policies

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.

At the Balance sheet date, the charity has unrestricted funds of £4,543,838 and a strong cash balance of £2,058,122. 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.

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.

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.

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.

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

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LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (Continued)

  1. Accounting Policies (Contd)

  2. 1.7 Fixed Assets

  3. 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.

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

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 madea 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.

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.

  1. Income from from Charitable Activities

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Income from from Charitable Activities Unrestricted Unrestricted
Funds Funds
2024 2023
£ £
Adoptions 128,384 123,265
Other 32,894 28,820
167,278 52,085
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Page Eleven

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LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (Continued)

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |3.|Income|from|Other Trading|Activities|Unrestricted|Unrestricted| |Funds|Funds| |2024|2023| |£|£| |Shop|Income|71,015|63,885| |Fundraising|18,120|25,084| |Membership|Income|5,304|10,126| |Tea|room|Income|8,344|-| |102,783|99,095| |4.|Expenditure|on|Raising|Funds| |Year to|31|March|2024|Direct|Support|Total| |Costs|Costs|2024| |£|£|£| |Expenditure|directly|allocated|to|raising|funds| |Premises|costs|17,659|-|17,659| |Support|costs|allocated|to|raising|funds| |Salaries|-|1,420|1,420| |Prizes|-|1,400|1,400| |17,659|2,820|20,479| |Year to|31|March|2023|Direct|Support|Total| |Costs|Costs|2023| |£|£|£| |Expenditure|directly|allocated|to|raising|funds| |Premises|costs|15,000|-|15,000| |Support|costs|allocated|to|raising|funds| |Salaries|-|1,228|1,228| |Prizes|-|3,850|3,850| |All|expenditure|on|raising|funds was|unrestricted.| |5.|Expenditure|on|Charitable|Activities| |Year|to|31|March|2024| |Direct|Support|Total| |Costs|Costs|2024| |£|£|£| |Expenditure|directly|allocated|to|activities| |Salaries|587,209|-|587,209| |Feed,|bedding|and|consumables|27,343|.|27,343| |Vet expenses|175,726|.|175,726| |Depreciation|70,308|.|70,308| |Other premises|costs|41,491|-|41,491| |Utilities|and|cleaning|65,754|-|65,754| |Motor|running|costs|5,734|-|5,734| |Travelling|expenses|1,024|-|1,024| |Sundry|costs|-|2,667|-|-|2,667| |Staff training|176|-|176| |Support|costs|allocated|to|activities| |Salaries|-|12,779|12,779| |Marketing|-|3,727|3,727| |Postage,|printing|and|stationery|-|18,141|18,141| |Subscriptions|-|1,343|1,343| |Telephone|-|4,158|4,158| |Bank|charges|-|3,723|3,723| |Audit|-|18,190|18,190| |Accountancy|-|7,141|7,141| |Legal|and|professional|-|16,482|16,482| |Loss|on|disposal|of|tangible|fixed|asset|-|-|-| |Staff welfare|-|3,498|3,498|

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Page Twelve

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (Continued)

  1. Expenditure on Charitable Activities (Contd) Year to 31 March 2023
Expenditure on Charitable Activities (Contd)
Year to 31 March 2023
Direct Support Total
Costs Costs 2023
£ £ £
Expenditure directly allocated to activities
Salaries
Feed, bedding and consumables		 467,752
12,881		 -
-		 467,752
12,881
Vet expenses 91,452 - 91,452
Depreciation 56,794 - 56,794
Other premises costs 49,897 - 49,897
Utilities and cleaning 54,349 - 54,349
Motor running costs 4,558 - 4,558
Travelling expenses 1,034 - 4,034
Sundry costs 1,856 - 1,856
Staff training 284 - 284
Support costs allocated to activities
Salaries
Marketing		 -
-		 11,049
4,076		 11,049
4,076
Postage, printing and stationery - 14,737 14,737
Subscriptions - 704 704
Telephone - 4,050 4,050
Bank charges - 4,067 4,067
Audit
Accountancy		 .
-		 19,500
9,509		 19,500
9,509
Legal and professional - 3,442 3,442
Loss on disposal oftangible asset - 1,385 1,385
Staffwelfare - 2,995 2,995
740,657 75,514 816,371

Included within support costs are governance costs of £41,813 (2023: £32,451).

All expenditure on charitable activities was unrestricted.

Employee Information 2024 2023
£ £
Wages and salaries 551,111 439,508
Employers National Insurance 40,485 32,134
Pension contributions 9,811 8,387
607,407 480,025
The average number ofemployees was 33, analysed as follows:
Direct charitable 32 21
Administration 1 1
33 22

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

At the year end there is an amount included in other creditors of £1,603 (2023: £1,194) in respect of pension contributions.

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

  2. Net Operating Income This is stated after charging:

Auditors' Remuneration

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2024 2023
£ £
18,190 19,500
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Page Thirteen

LAST CHANCE ANIMAL RESCUE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (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. TangibleAssets Land&
Buildings
£		 Kennels&
Cattery
£		 Furniture&
Equipment
£		 Motor
Vehicles
£		 Total
£
Cost
At1 April2023
Additions
Disposals
At31 March 2024		 2,565,341
455,878
-
3,021,219		 408,336
-
-
408 336		 105,754
8,894
-
114,648		 39,480
13,800
-
53,280		 3,118,911
478,572
-
3,597,483
Depreciation
At 1 April 2023
Charge foryear		 561,619
49,850		 400,781
1,511		 44,142
14,101		 33,896
4,846		 1,040,438
70,308
Disposal
At31 March 2024		 -
611,469		 -
402,292		 -
58,243		 -
38,742		 -
1,110,746
Net Book Value
At31 March 2024 2,409,750 6,044 56,405 14,538 2,486,737
At31March2023 2,003,722 7,555 61,612 5,584 2,078,473
  1. 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 2024. Consequently, consolidated accounts are not presented.
12. Debtorsand Prepayments 2024
£		 2023
£
Legacy income receivable
Income tax recoverable
Social securityand othertaxes
Prepayments and accrued income		 -
7,587
9,197
8,174
24,958		 10,000
7,969
11,756
3,117
32,842

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

13. Creditors: Amounts falling duewithin oneyear 2024
£		 2023
£
Trade creditors
Accruals
Othercreditors		 12,810
28,261
11,470
52,541		 18,577
32,212
12,066
62,855

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 2024 (Continued)

14. Movement in Funds

Balance at Incoming Outgoing Transfers Transfers Balance at
31 March 2023 Resources Resources 31 March 2024
£ £ E £ £
General 2,438,342 1,108,781 (1,081,759) (408,264) 2,057,100
Designated - Fixed assets 2,078,474 - - 408 264 2,486, 738
4,516,816 1,108,781 (1,081,759) - 4,543,838

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

Fixed Current Liabilities Total
Assets Assets
£ £ £ £
General - 2,109,641 (52,541) 2,057,100
Designated - Fixed Assets 2,486,738 . - 2,486,738
2,486,738 2,109,641 (52,541) 4,543,838

16. Future Financial Commitments

Operating leases

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

Land and Buildings Land and Buildings
2024 2023
Operating lease which expire: £ £
Within one year 15,000 15,000
in the second to fifth year 2,384 17,425
17,384 32,425

17. Related Party Transactions

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

18. Post balance sheet event

In November 2024, the charity completed the purchase of a Land at a price of £406,000.

Page Fifteen

LAST CHANCE ANIMAL RESCUE HOME DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2024

,

.

LAST CHANCE ANIMAL RESCUE HOME DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
£ £
Income
Adoptions 128,384 123,265
Shop income 71,015 63,885
Donations 137,421 138,545
Legacies 672,944 1,055,493
Fundraising 18,120 16,053
Membership 5,304 10,126
Interest received 34,355 8,679
Other income 32,894 28,820
Tea room income 8,344 -
1,108,781 1,444,866
Expenditure
Direct charitable expenditure
Wages& salaries 587,209 467,752
Feed and bedding 27,024 11,989
Vetexpenses 175,726 91,452
Rates & water 16,006 12,792
Insurance 1,950 14,334
Light & heat 47,798 27,223
Repairs & maintenance 41,491 49,897
Printing, postage and stationery 18,141 14,737
Marketing 3,727 4,076
Telephone 4,158 4,050
Motor expenses 5,734 4,558
Travelling expenses 1,024 1,034
Sundry expenses (2,667) 1,856
Dog leads and accessories 319 892
Subscriptions 1,343 704
Depreciation 70,308 56,794
Stafftraining 176 284
999 467 764,424
Fund raising expenditure
Shop expenses 17,181 15,000
Prizes 1,400 3,850
Tea room expenses 478 .
19,059 18,850
Administrative Expenditure
Wages and salaries 14,199 12,277
Legal and professional 16,482 3,442
Accountancy 7,141 9,509
Bank charges 3,723 4,067
Audit fee 18,190 19,500
Staffwelfare 3,498 2,995
Loss on disposal oftangible fixed asset - 1,385
63,233 53,175
Total Expenditure 1,081,759 836,449
Surplus 27,022 608,417