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2024-05-31-accounts

Charity Number: 1003998

Hull Animal Welfare Trust

Annual Report and Financial Statements

for the year ended 31 May 2024

Hull Animal Welfare Trust

Contents

Page
Charity Information ............................................................................................ 1
Report of the Trustees ........................................................................................ 2
Trustees
Responsibilities .................................................................................... 6
........................................................................... 7
Statement of Financial Activities .......................................................................... 8
Balance Sheet ................................................................................................. . 9
Statement of Cash Flows.................................................................................. .10
Notes to the Financial Statements ...................................................................... 11

Hull Animal Welfare Trust

Charity Information

Trustees

Mrs Jane Harper Mrs Sue Sewell Mrs Katherine Batch Mr Stephen Parnaby OBE

Chair

Mrs Sue Sewell

Treasurer

Mrs Jane Harper

Registered charity number 1003998

Rescue Kennels

Sunnydene Animal Shelter South Cave Brough HU15 2HE

Registered Office

32 Church Lane Patrington Hull HU12 0RJ

Independent Examiner

Alan Sidebottom FCA Azets Audit Services Limited Triune Court Monks Cross Drive York YO32 9GZ

Bankers

HSBC Bank plc 3-4 Jameson Street Hull HU1 3JX

1

Hull Animal Welfare Trust

Report of the Trustees for the year ended 31 May 2024

The Trustees present their annual report together with the financial statements of the Trust for the year ended 31 May 2024.

The financial statements have been prepared in accordance with the accounting policies set out in Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Structure, Governance and Management

The Trust is a registered charity (number 1003998). The Trust Deed dated 29 July 1991 forms its governing document.

Principal Office

32 Church Lane, Patrington, Hull, HU12 0RJ.

Trustees

The Trustees who served during the year and to the date of approval are:

Mrs Jane Harper Mrs Sue Sewell Mrs Katherine Batch Mr Stephen Parnaby OBE

New Trustees may be appointed at any Trustees' meeting by a resolution of the Trustees and recorded in the minutes. The minutes would be signed by the new Trustee to provide evidence of appointment.

Reference and Administrative Details

The charity information page forms part of this report.

Charitable Objectives and Activities

The object of the Trust is to relieve the suffering of animals that are in need of care and attention. In particular, to provide, build or maintain kennels or other facilities for the reception and care of unwanted animals and the treatment of sick and ill-treated animals and to find suitable permanent homes for such animals.

The Trustees oversee the day-to-day running of the Trust generally, liaising by telephone regularly, if not daily, when required. They endeavour to meet monthly so that any issues or projects can be discussed with the staff.

Our long-term objectives remain the same and, as always, our prime concern continues to be ensuring the long-term security of the Trust.

Public benefit statement

In shaping our objectives for the year and planning our activities, the Trustees have complied with the duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. The Trustees consider that these activities and objectives summarised above, provide benefit both to those people who use the Trust's services and the wider community of Hull and East Yorkshire. In planning our activities for the period, we kept in mind the Charity Commission's guidance on public benefit at our Trustees' meetings.

2

Hull Animal Welfare Trust

Report of the Trustees for the year ended 31 May 2024

Financial review

The Charity's total income for the year was £926,806 (2023: £730,860) with net income for the year of £291,625 (2023: net income of £155,939). Donations and legacies made up a large proportion of the total income for which the Trust is extremely grateful. Unrestricted funds at the year-end stand at £1,004,562 (2023: £682,960).

Reserves policy

Due to the nature of the Trust, its reliance on donations as income and the inherent unpredictability of legacy income, the Trustees consider that twelve months forward unrestricted expenditure is the minimum level of reserves required to cover current running costs and are comfortable with a level in excess of this. Current monthly running costs are approximately £51,000. The level of free reserves at 31 May 2024 is £833,221 (2023: £492,917), which equates to around 16 months (2023 12 months ) forward expenditure.

Investment policy

In accordance with the Trust Deed, the Trustees have the power to invest in stock or other investments as they see fit.

Fundraising

We strive to achieve the highest fundraising standards and we value our supportive funders. We stay up to date with developments in charity regulation, data protection and the Fundraising Preference Service (FPS) to make sure we are legally compliant and adhering to all guidelines. We of Practice. No complaints relating to fundraising have been received in the year.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees regularly review risks which the charity faces, looking at operational and financial reviews and business risks which have been identified as:

Steps to mitigate significant risks include:

3

Hull Animal Welfare Trust

Report of the Trustees for the year ended 31 May 2024

Achievements and performance

This has been a particularly challenging and stressful year for all involved as the full and traumatic implications of the controversial XL Bully ban really started to impact the world of rescue.

Our CEO Holly, with the support of her 2 back-to-back duty managers, working with 4 other fulltime and 6 part-time staff, steered our charity through some of the toughest months we have experienced since the pandemic.

The ban caused a huge panic in the dog world which saw many bewildered, beautiful dogs being abandoned through no behavioural fault of their own, many having been used for breeding for all the wrong reasons by all the wrong people. There was fear among many genuine loving owners who found themselves struggling to afford the expensive and complex requirements suddenly thrust upon them to meet the compliance with the new law that would hopefully enable them to keep their pets. We were inundated with calls for help and advice and we helped with spaying and castrating these dogs and assisted their owners with the new registration procedures and use of muzzles.

The really sad fact that became so apparent in all of this is that the fault rarely lies with the dog and that it is a certain type of owner who wants a dog with a specific image and who treats the dog accordingly. We have seen this with Rottweilers to name but one breed and there will be others in the future, as they all get tarred with the same brush. The XL Bully isn't even a specific breed, it is a "type" where interpretation and identification is mainly down to either the dog warden or the police, and it is possible for 2 dogs in the same litter to be positively and negatively identified, so in some case decisions can be ambiguous.

We dealt with this unfolding situation the best we could with all its limitations and rehomed those that we could right up to the deadline, the last one being a delightful XL Bully girl called Ellie who found her forever home with a lovely veterinary nurse literally at the 11[th] hour when we had nearly given up hope. What a happy ending that was, because our staff had been profoundly affected with so many healthy, non-problematic dogs having to be put to sleep.

Having our own vet who now works 3 days a week due to her increased work load, has already proved invaluable, enabling us to help so many more animals, not just those at the shelter but many from struggling smaller rescues.

We do still outsource some more complex procedures and cases needing longer hospitalisation though. For example, for the first time in years, we have had a virulent outbreak of Parvovirus which saw some dogs requiring intensive veterinary care off-site, including some young puppies who needed 24 hour treatment. Fortunately, they all went on to make a good recovery.

We now work with both the Hull City Council and East Riding dog wardens who occupy separate, dedicated kennel blocks on our site so as not to impact those coming into our rescue by other means. Holly is proactive in ensuring that if the strays are not claimed within the statutory 7 days, they can either transfer to our kennel blocks for rehoming if we have space, or she finds places for them with another appropriate rescue. During the year she has found 126 unclaimed dogs places with likeminded rescues (often driving them whatever distance is required to ensure their safety) and we have taken in 39 strays under the HAWT umbrella. In total we have rehomed 299 dogs during this year.

We still have our long-term residents of course, whose unpredictable natures or disabilities make rehoming them too risky. They enjoy as good a life as possible at the shelter and love the staff. We have just had a huge log cabin built to give all the dogs an alternative indoor play and enrichment area for when the weather is too cold and wet for play in the paddock, or on rarer occasions, too hot in the summer. We are always striving to improve their lives wherever possible.

4

Hull Animal Welfare Trust

Report of the Trustees for the year ended 31 May 2024

Achievements and performance (continued)

Pet abandonment is up by 46% in our area, and animal neglect by 26%. This is partly due to the surge in pet ownership during the pandemic, but mainly due to the increasing financial hardships as a result of soaring living costs. Animal rescue centres across the board realise this problem is sadly going to get worse as people find they simply cannot cope with the increased cost of pet ownership on top of their own cost of living crisis.

Some cat rescues have been forced to close their doors to new arrivals as they are overwhelmed, with cat abandonment being at an all-time high. While we have managed to rehome over 300 cats and kittens this year, this is just the tip of the iceberg. We continue to trap and neuter feral cats where we are made aware of an issue and we work with other cat rescues with our vet neutering, vaccinating and performing dentals, all of which are otherwise so costly.

Nurturing good relationships with other trusted rescues is an integral part of our ethos. After all we are all seeking the best possible outcome for the animals that only have us as their voice.

Our wonderful rabbit foster homes continue to be at capacity and beyond, with spare bedrooms being taken over by desperate bunnies, with nowhere else for them to go. Despite 12 being rehomed this year, the majority live out their remaining lives in care. As we say each year, it is an ongoing situation with still too many people thinking having a rabbit is the cheap and easy pet of choice, to be stuck in a hutch and fed by the children when they remember. Too many are let loose in the countryside to fend for themselves when they are no longer wanted or develop health issues, or worse still, dumped in other gardens. Rabbits are such social animals and very high maintenance if they are to be looked after properly, as our chairman will tell you, who took on a little family of 4 bunnies a few years ago when there was literally nowhere else for them to go.

This year has also seen the opening of our 2[nd] charity shop (nice one Holly!) and we are most grateful to our hard working volunteers who dress them so well, keep them running and much needed funds coming in.

Again we pay tribute to all our amazing and loyal volunteers and supporters across all aspects of our charity....those who help at the shelter, with the animals, in the office, those who do so much fund-raising for us behind the scenes...YOU KNOW WHO YOU ARE...and we thank and appreciate each and every one of you.

The kindness and generosity of the public never ceases to amaze us with their wonderful donations of food and money, even during the hardest of times and we are so humbled and grateful for the legacies we receive that enable us to secure the long-term future of the trust, because we are needed now more than we ever have been and it is the "happy ever afters" that drive us forward. "

This report was approved by the Trustees and signed on their behalf by:

Mrs Jane Harper Date

Trustee

5

Hull Animal Welfare Trust

statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources 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 that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and financial preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

6

Hull Animal Welfare Trust

Hull Animal Welfare

Trust for the year ended 31 May 2024

I report to the trustees on my examination of the financial statements of Hull Animal Welfare Trust for the year ended 31 May 2024.

This report is made solely to the charity's trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my independent examination work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the financial statements in financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Since the Charity listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Alan Sidebottom FCA Azets Audit Services Limited

Triune Court Monks Cross Drive York YO32 9GZ

7

Hull Animal Welfare Trust

Statement of Financial Activities for the year ended 31 May 2024

Notes Unrestricted Designated Restricted Total Total
funds property fund 2024 2023
fund
£ £ £ £
Income from:
Donations and legacies 2 754,559 - - 754,559 571,399
Grants 3 - - - - 64,000
Other trading activities:
- Shop income 76,890 - - 76,890 43,107
- Fundraising activities 4,889 - - 4,889 10,761
- Rental income 23,584 - - 23,584 21,575
- Other income 55,882 - - 55,882 16,737
Investment income:
- Bank interest 4 11,002 - - 11,002 3,281
Total income 926,806 - - 926,806 730,860
Expenditure on:
Raising funds 5 21,056 - - 21,056 14,867
4
Charitable activities		 6 584,148 26,183 3,794 614,125 560,054
~~5~~
Total expenditure 605,204 26,183 3,794 635,181 574,921
Net income/(expenditure)
and net movement in funds		 321,602 (26,183) (3,794) 291,625 155,939
Funds brought forward 12 682,960 429,811 27,054 1,139,825 983,886
Funds carried forward 12 1,004,562 403,628 23,260 1,431,450 1,139,825

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derive from continuing activities.

The notes on pages 11 to 22 form part of these financial statements.

A fully detailed comparative statement of financial activities is shown at note 18.

8

Hull Animal Welfare Trust

Balance Sheet as at 31 May 2024

2024 2024 2023 2023
Note £ £ £ £
Fixed assets
Tangible assets 8 598,229 646,908
Current assets
Stocks 1,000 400
Debtors 9 31,714 39,183
Cash at bank and in hand 823,912 492,281
856,626 531,864
Creditors: amounts falling due 10 (23,405) (38,947)
within one year
Net current assets 833,221 492,917
Net assets 1,431,450 1,139,825
Funds of the charity:
Unrestricted
General 12 1,004,562 682,960
Designated 12 403,628 429,811
1,408,190 1,112,771
Restricted 23,260 27,054
Total funds 12 1,431,450 1,139,825

The financial statements were approved by the Trustees on and signed on their behalf by:

Mrs Jane Harper Mrs Sue Sewell Trustee Chair

The notes on pages 11 to 22 form part of these financial statements.

9

Hull Animal Welfare Trust

Statement of Cash Flows for the year ended 31 May 2024

2024 2023
Note £ £
Cash flows from operating
activities
Cash generated from operations 17 333,273 214,388
Investing activities
Purchase of tangible fixed assets (12,644) (85,795)
Interest received 11,002 3,281
Net cash used by investing
activities		 (1,642) (82,514)
Net increase in cash and cash
equivalents 331,631 131,874
Cash and cash equivalents at
beginning of year		 492,281 360,407
Cash and cash equivalents at
end of year		 823,912 492,281

10

Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Charitable Trust information

Hull Animal Welfare Trust is a charity established by Trust Deed dated 29 July 1991 and registered in England and Wales with the Charity Commission under charity number 1003998.

The principal office address is Canada House, Church Lane, Patrington, Hull, HU12 0RJ.

1.2 Accounting convention

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

Hull Animal Welfare Trust meets the definition of a public benefit entity under FRS 102.

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 £1.

Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant accounting policy notes.

1.3 Going concern

The Trustees have considered all factors, including in the wider economy, as part of their assessment of going concern. The Trustees believe on balance that they have sufficient resources to enable the charity to continue for a period of at least one year from the date of approval of the financial statements. Accordingly, these financial statements have been prepared on the going concern basis.

1.4 Income

Income in the statement of financial activities is recognised when the charity has entitlement to the funds, any performance conditions attaching to the item(s) have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from legacies is recognised once probate has been granted, provided that sufficient information has been received to enable valuation of the c Receipt of a legacy in whole or part, is only considered probable when the amount can be measured reliably and where the charity is not aware of any potential challenge to the estate.

Income from second hand goods donated for sale is recognised at point of sale.

recognised when the charity has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably and not deferred.

11

Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

1.5 Expenditure

Expenditure is included in the statement of financial activities on an accruals basis.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include administration, finance, human resources, information systems and governance costs which support the services providing care to animals.

All governance and support costs are allocated to the various costs of raising funds and charitable activities on a specific expenditure basis where appropriate, and the remaining balances are allocated based in proportion to the levels of income in each category. This method of apportionment represents a reasonable approximation of the usage of governance and support costs by each activity.

1.6 Staff costs

The costs of short-term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.

1.7 Pensions

The charity operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the statement of financial activities in the period they are payable.

1.8 Operating leases

Rentals applicable to operating leases are charged to the statement of financial activities over the period in which the cost is incurred.

1.9 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold property 4% Straight line Property improvements 20% Straight line Motor vehicles 25% Reducing balance Fixtures, fittings and equipment 33% Straight line

No depreciation is provided in respect of freehold land.

Items of equipment are capitalised where the cost exceeds £100.

1.10 Fund accounting

Funds held by the charity are either:

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

Designated property fund this is the net book value of the Animal Welfare Centre. These assets are not subject to ongoing restrictions in use but have been designated so that the financial statements more fairly present the funds available to operate the charity.

Restricted funds these funds 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 restricted purposes.

12

Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

1.11 Financial instruments

Section

l of its financial instruments.

1.12 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital. Bank overdrafts are shown within borrowings in current liabilities.

1.13 Debtors

Prepayments and accrued income represent time apportioned expenses or income to be recognised in a future accounting period.

Debtors, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Debtors are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the income and expenditure account.

1.14 Stock

New goods for retail are measured at cost. Stock also includes pet consumables held related to the care and wellbeing of animals. T recognised upon sale as it is impractical to estimate their fair value to include them on the balance sheet.

1.15 Creditors, loans and provisions

Creditors, loans and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors, loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial liabilities are derecognised when, and only when, obligations are discharged, cancelled or they expire.

Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

1.16 Critical accounting estimates and judgements

In the application of the c s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods.

13

Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

1.16 Critical accounting estimates and judgements

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:

Critical estimates legacies

Legacies are recognised as income when probate has been granted, the charity has established its entitlement to the funds and where sufficient information is available to allow it to measure its entitlement.

1.17 Taxation

Hull Animal Welfare Trust is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. Given this, no tax charge arises on the charity.

2. Donations and legacies

2024 2023
£ £
Donations 213,918 191,865
Legacies 540,641 379,534
754,559 571,399

As at 31 May 2024 the Trustees were aware of no residuary legacy that the charity was entitled to (2023 one). See note 16 for further details.

During the year there were no restricted donations or legacies (2023 - none).

3. Income from grants

3. Income from grants
2024 2023
£ £
Pets at Homegrant - 64,000
4. Income from investments
2024 2023
£ £
Interest on UK cash deposits 11,002 3,281

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Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

5. Expenditure on raising funds

2024 2023
£ £
Cost of generating funds:
- Shop rent and rates 12,400 9,124
Support costs:
- Advertising 1,871 80
- Printing, postage and stationery 1,583 790
- Telephone 719 833
- Equipment hire 1,058 734
- Light and heat 391 395
- Bank charges 72 104
- Sundry expenses 775 738
- Accountancy and payroll fees paid to the Independent Examiner 2,187 2,069
21,056 14,867

All expenditure on raising funds in the current and preceding year related to unrestricted funds.

Included within accountancy and payroll fees is an allocation of the Examination fee of £450 (2023 - £430).

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Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

6. Expenditure on charitable activities

2024 2023
£ £
Charitable activities:
- Staff costs (Note 7) 335,312 265,524
- Veterinary fees 81,703 108,702
- Animal food 14,267 11,846
- Kennel costs 16,822 23,894
- Rabbit bedding and food 9,349 4,800
Support costs:
- Advertising 2,807 120
- Motor expenses 2,166 2,991
- Printing, postage and stationery 6,333 3,161
- Telephone 2,875 3,333
- Equipment hire 4,231 2,936
- Repairs and renewals 4,608 1,845
- Light and heat 19,153 19,341
- Cleaning 1,671 1,400
- Insurance 15,950 16,016
- Shop rent and rates 11,795 18,092
- Sundry expenses 14,724 14,036
- Bank charges 287 417
- Depreciation 61,323 53,292
- Staff training - 34
- Accountancy and payroll fees paid to the Independent Examiner 8,749 8,274
614,125 560,054

Included within accountancy and payroll fees is an allocation of the Independent Examination fee of £1,750 (2023 - £1,670).

16

Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

7. Employment costs

Staff costs comprise: Staff costs comprise: Staff costs comprise: Staff costs comprise: 2024
£		 2023
£
Wages and salaries 308,597 248,708
20,271 12,493
Pension costs 6,444 4,323
335,312 265,524

The Charity had 15 employees during the year under review (2023 14).

No employees received remuneration in excess of £60,000 (2023 no employees).

The charity considers the Chief Executive Officer to be the key management of the charity.

Aggregate employee benefits received by key management personnel was £44,417 (2023: £38,852).

17

8.
Tangible fixed assets
Land and
buildings
£
Leasehold
improvements
£
Fixtures, fittings and
equipment
£
Motor
Vehicles
£
Total
£		 Cost
As at 1 June 2023
1,226,295
36,763
59,847
25,394
1,348,299
Additions
12,644
-
-
-
12,644		 At 31 May 2024
1,238,939
36,763
59,847
25,394
1,360,943		 Depreciation
As at 1 June 2023
628,339
2,450
52,654
17,948
701,391
Charge in the year
49,881
7,353
1,873
2,216
61,323		 As at 31 May 2024
678,220
9,803
54,527
20,164
762,714		 Net book values
At 31 May 2024
560,719
26,960
5,320
5,230
598,229		 At 31 May 2023
597,956
34,313
7,193
7,446
646,908		 Included within land and buildings is land to the estimated cost of £4,000 (2023
£4,000) which has not been depreciated.

Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

9. Debtors

2024 2023
£ £
Trade debtors 11,426 -
Prepayments and accrued income 9,190 1,810
VAT recoverable 10,098 37,373
Other debtors 1,000 -
31,714 39,183

Accrued income includes legacy income accruals of nil (2023 - nil). Details of contingent legacies are included in note 16 of these financial statements.

10. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 8,860 24,322
Accruals and other creditors 13,875 10,801
Tax and social security 670 3,824
23,405 38,947

11. Financial commitments

The charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

2024 2023
£ £
Less than one year 11,135 11,135
2-5 years 18,392 29,527
29,527 40,662

19

Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

12. Movement in funds

As at 31 May 2024 Balance
1 June 2023		 Income Expenditure Balance
31 May 2024
£ £ £ £
Unrestricted funds:
Designated property fund 429,811 - (26,183) 403,628
General funds 682,960 926,806 (605,204) 1,004,562
Total unrestricted funds 1,112,771 926,806 (631,387) 1,408,190
Restricted funds 27,054 - (3,794) 23,260
Total 1,139,825 926,806 (635,181) 1,431,450
As at 31 May 2023 Balance
1 June 2022		 Income Expenditure Balance
31 May 2023
£ £ £ £
Unrestricted funds:
Designated property fund 455,994 - (26,183) 429,811
General funds 527,892 666,860 (511,792) 682,960
Total unrestricted funds 983,886 666,860 (537,975) 1,112,771
Restricted funds - 64,000 (36,946) 27,054
Total 983,886 730,860 (574,921) 1,139,825

Designated funds

The balance in the designated property fund represents the Animal Welfare Centre used by the charity on an on-going basis for animal welfare activities.

Restricted funds

Pets at Home grant

Grant awarded by Pets at Home to support the funding of a new veterinary clinic which will allow for animals to be treated on-site.

13. Analysis of net assets between funds

Current year Unrestricted Designated Restricted Total
£ £ £ £
Tangible fixed assets 171,341 403,628 23,260 598,229
Current assets 856,626 - - 856,626
Current liabilities (23,405) - - (23,405)
Total net assets at 31 May 2024 1,004,562 403,628 23,260 1,431,450
Prior year Unrestricted Designated Restricted Total
£ £ £ £
Tangible fixed assets 190,043 429,811 27,054 646,908
Current assets 531,864 - - 531,864
Current liabilities (38,947) - - (38,947)
Total net assets at 31 May 2023 682,960 429,811 27,054 1,139,825

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Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

14. Capital commitments

At 31 May 2024 there were no capital commitments (2023 - none).

15. Related party transactions

Sewell Facilities Management Limited, a company in which a close relative of Mrs S Sewell (Chair) is a director, continues to provide maintenance and repair services to the charity. Mrs S Sewell (Chair) is not part of the sub-committee meetings at which decisions are made regarding maintenance and repairs.

During the period Sewell Facilities Management Limited provided maintenance, building and repair services totalling £16,059 (2023 - £54,163).

At the year end £5,816 was owed to Sewell Facilities Management Limited (2023: £4,009).

16. Contingent assets

In the prior year only the charity had entitlement to one residuary legacy with probate granted, the value of which was uncertain due to either insufficient information being available or due to potential claims on the estate. This legacy has been received in the current financial year and has been included within legacies in note 2.

17. Cash generated from operations

17. Cash generated from operations
2024 2023
£ £
Surplus for the year 291,625 155,939
Adjustments for:
Investment income (11,002) (3,281)
Depreciation of tangible fixed assets 61,323 53,292
(Increase) in stock (600) -
Decrease/(increase) in debtors 7,469 (2,058)
(Decrease)/increase in creditors (15,542) 10,496
Cash generated from operations 333,273 214,388

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Hull Animal Welfare Trust

Notes to the Financial Statements for the year ended 31 May 2024

18. Comparative Statement of Financial Activities

Unrestricted Designated Restricted Total
funds property fund 2023
fund
£ £ £
Income from:
Donations and legacies 571,399 - - 571,399
Grants - - 64,000 64,000
Other trading activities:
- Shop income 43,107 - - 43,107
- Fundraising activities 10,761 - - 10,761
- Rental income 21,575 - - 21,575
- Other income 16,737 - - 16,737
Investment income:
- Bank interest 3,281 - - 3,281
Total income 666,860 - 64,000 730,860
Expenditure on:
Raising funds 14,867 - - 14,867
Charitable activities 496,925 26,183 36,946 560,054
Total expenditure 511,792 26,183 36,946 574,921
Net income/(expenditure) and
net movement in funds		 155,068 (26,183) 27,054 155,939
Funds brought forward 527,892 455,994 - 983,886
Funds carried forward 682,960 429,811 27,054 1,139,825

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