Charity registration number 1010000
CAT AND RABBIT RESCUE CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

CAT AND RABBIT RESCUE CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs D B Rafter
Miss J Laws
Mrs D M Rayner
Charity number
1010000
Principal address
Holborow Lodge
Chalder Lane
Sidlesham
West Sussex
Chichester
P020 7RJ
Auditor
SumerAudit
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
P019 8FX

CAT AND RABBIT RESCUE CENTRE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
During the year, CRRC rescued 850 and rehomed 832 animals, an increase on previous year. Rehoming activities
have continued to improve following the national recovery from the Covid pandemic, but the cost of living crisis has
continued to impact activity across all areas of the CRRC operations. The animal rescue and rehoming statistics for
2023-24 are shown in the table below:
2023-2024 Rescues and Rehoming
Species
Rescued
Rehomed
Deaths incl
Dead on
Arrival
25
At centre on
3113124
Fosters
(included in
rehoming)
Catslkittens
Guinea Pigs
Rabbits
Total
Comparison 2022-2023
Change on last year
719
48
83
850
821
+3.50/0
704
40
88
832
743
+12%
125
12
31
168
184
OOA
After wages, veterinary and medical costs are the next highest cost category for CRRC. A summary of the medical
treatments performed are set out in the table below..
2023-2024 Animal Medical Treatments
Species
Vaccinations
HealthlDental
check ups
795
105
48
Spay &
Neuter
243
40
NIA
TOTAL
Catslkittens
Rabbits
Guinea Pigs
1.178
2,216
229
48
NIA
Total
1,262
283
2,493
As well as the rehoming activities. CRRC has continued with our long established the 'Friends" Sponsorship. and
°Neutering" schemes, and we have continued to undertake feral work when needed.

CAT AND RABBIT RESCUE CENTRE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
During 2023-2024
In recognition of the need to raise funds outside of donations and legacies we implemented the nexl stage of our
retail expansion program during the year. This plan entailed finding and opening charity shops within our localily,
enabling us to convert donated goods into usable funds to finan￿ our charitable activities. Our retail expansion
program has been successful, and we opened 4 shops during the year wth the final one opened in February 2024.
This means that we now operate a total of 9 shops. The final phase of our retail strategy is to explore online sales
opportunities.
Following the appointment of a fundraising manager to increase our social media presence, we have successfully
attracted an increased following via various plafforms. and we are seeing increased awareness from a whole new
generation of supporters
This year witnessed a full program of fundraising events. In August 2023 we held a successful Summer Fayre. and
in November we held our Christmas Fayre. Both events were well attended, however takings, although up on the
previous year, were still slightly down on pre-pandemic levels. and this was attributed to the cost of living crisis
rather than attendee numbers.
During the year we were able to fund a major refurbishment of 'The Barn" which has enabled us to provide much
better accommodation for the animals housed there, including providing better quarantining facilities. This facility
has a state-of-the-art environmental management system which controls air flow around the facility, reducing the
spread of air bome illnesses such as cat flu.
Fundraising
Fundraising is an important part of the day to day working of the Cat and Rabbit Rescue Centre., without funds being
raised for the Charity, we would not be able to undertake all the work that the Centre covers.
Types of Fundraising
The main fundraiser during the year is the Annual Summer Fete held at the Centre in August. This attracts large
numbers of supporters and the staff and volunteers work tirelessly for many months preparing for the event.
At Christmas a local hall is rented for a Christmas Fair although this raises much smaller sums of money than the
summer event.
In addition to the Annual Fetes, the Charity is in attendance at various local fetes and shows during the year.
organised by other Charities, but CRRC has a presence helping to promote the Charity in the local ccThmunity.
During the year one or of the local supemiarkets allow the Charity to collect outside their shop which, again,
raises funds but also donations of animal food are received.
We place collecting boxes for the Charity in various veterinary practices and local shops across the Charity's
catchment area and regular donations are made to the Charity by supporters throughout the year with two main
schemes for attracting regular donors, our Friend of CRRC and our Sponsor an animal scheme.
Our shops are our best form of raising funds for the Charity. of which we currently have nine.
Fundraising Regulator
The Charity is registered with the Fundraising Regulator and the Code of Fundraising is fvlly complied with.
Compliant with Code of Fundraising
There have been no failures by the Charity to comply with the Code of Fundraising.
Fundraising carried out by individuals for the Charity
Fundraising at OLrtside events is usually manned by volunteers induding Trustees.
The Fundraising Manager along wth our Trustee responsible for fundraising does the majority of the bookings of
such outside spaces and ensures the individuals have all they require to run a stall. Money raised at such events is
passed to the Finance Team or a Trustee for banking. A breakdown of funds raised split between donations. sale of
goods and games is then provided to the Finance Team to support the analysis of the funds raised.

CAT AND RABBIT RESCUE CENTRE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Complaints
No complaints were received by Ihe Charity in the last year.
Protection of vulnerable people and the general public from unreasonable intrusions on their privacy
The charity does not contact individuals directly for donations. We use our S￿la1 media accounts, our monthly e-
newsletter and bi-annual magazine to raise awareness of special projects or other special needs. The Charity is
always appreciative of responses from individuals but in no way are supporters put under any pressure to donate to
the Charity. In addition to cash donations from time to time, the publi¢ are very generous when an appeal goes out,
for example at Christmas, for food to support the animals.
We have a Donation, collection box & Safeguarding Policy.
Financial review
At the year end, the total funds held by the charity were £2,709,914 {2023-. £2,722,340), consisting of £19,822
restricted funds {2023= £31,950) and unrestricted funds of £2.690,092 {2023.' £2,690,390). Included within charitable
funds are £1,480,929 tangible fixed assets (2023.. £1,335,663) which can only be realised by disposing of those
tangible assets. Also included within charitable funds are £729,245 of fixed temi investments (2023.. £537,892)
which are term deposits due to mature after more than three months.
Income for the year at £1,386,946 was £253,498 up on the previous year (2023.. £1,133,448) due to the additional
£278k shop income as a result of a full year of the shops opened during 22123 and the additional 3 shops opened
part way through 23124 plus a general increase in retail income. We also received some larger one-off donations in
the year and increased our fundraising income by setting up a Lottery scheme with Donr and improving on our
Summer Fayre income. Interest rates were higher this year resulting in an additional £11k of interest income. This
has been offset by receiving less legacies than last year.
Expenditure for the year at £1,399.372 was £345.108 up on the previous year (2023.. £1,054,264), this is a result of
the additional set up costs for the three new shops during 23124 of £53k, and the additional operation costs for the
whole year of the shops opened in 22123 plus the three new shops and overall shop cost increases totalling
£246k. Admin and Animal Care staff costs increased by £17k. Animal care costs increased by £20k reflecting the
general rise in prices and the higher number of animals through the ￿ntre.
Expenditure therefore ex￿eded income by £12,426 for the year (2023.. surplus of £79,184).
Policy on reserves
As referred to last year, the Charity has updated the reserves policy to estsblish and maintain free reserves at a
level sufficient to enable CRRC to continue to deliver its range of SeNi￿S during periods of lower income and to
meet all responsibilities in the case of dosure. This has been set at the level of 6 months average costs based on
the coming year's budget giving a totsl of £787k.
At the end of the accounting period, the unrestricted fvnds were £2,690k (2023-£2,690k}, of which £1,481 k {2023-
£1 ,336k) are invested in fixed assets. This leaves free reserves of £1,209k, which is in line with the policy.
Structure, governance and management
The constitution of the Charity is set out in the Deed of Trust dated 7th May 1991 and the Deed of Variation dated
27th May 1997, 17th August 2017 and 6th July 2018.
The Cat and Rabbit Rescue Centre CIO is a new Charitable Incorporated Organisation, number 1197958. It was
registered with the Charity Commission on 17th February 2022 and is govemed by its constitution dated 17th
February 2022. The transfer of operations from The Cat and Rabbit Rescue Centre to the Cat and Rabbit Rescue
Centre CIO is in progress and is scheduled to complete 0110412025. The rescue operations will continue as usual,
and our mission, values and charitable activities will be unaffected.

CAT AND RABBIT RESCUE CENTRE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The tru8t88s who served durlng the year and up to the date of slgnature of the ftnanGlal ststements were:
Mrs D B Rafter
Mlss J Laws
Mrs D M Rayner
Should the Charlty requlre any new Truslees, they wlll be appoSnted by 8gre8ment of the current Trustees, vAth the
phllosophy of the Charitys alms In mind. There Is a fomial procedure In place for the r8crUltm￿I and appolntment
of new Trustees, and this procedure is revlewed annually. Newly appointed Trustees recelve an Induction Pack and
training tailored to thelr ne8d8.
Organlsatlonal Structure
The Board of Trustees provldes the govemance of the Charlty with regard to all expenditure OV8r and above the
nornal runnlng of the cenlre. The day to day running ol the Chadty Is ¢8rrled out by the General M8n8ger, who Is
as8lsted by 8 m8nagernent team comprislng the Anlmal Care Manager. the Ret811 Manager. the Fundralslng
Manager, wlth overslghl acmss all areas from the Flnance Manager. A Flnanclal controls policy18 In place detalllng
d818gat8d spending Ilmlts, and this is r8v18W8d annually. TNstee approval16 required for spanding requests that are
unbudgeted or fall outslde delegated spendlng Ilmlts.
Tha Charlty has a rolllng 3 year kJJslne8s plan whlch18 updated annualty, and the Trustees and management team
prapare and agree a budge( together wlth the operattonal and fundralslng prforftles for the followlng 12 months
Th8re w8r8 4 trustee meetlngs In the year.
The Charity will rely upcm the guldance issued by tha CharltS88 Commi88ion in relation to inductlon and training of
TTUStees.
Major rl•k8 and management of thoA• rf•k•
Inveslmgnls
The Trustees conslder that safeguardlng the Investments held by the Charlty are partlculaty Important lo the future
activitl8s of th8 Charity.
The Tru8t888 have tded to mltlg8te Investment rlsk by uslng numerous bank accounts each Ilmlted where posslble
to th8 amount that 18 guaranteed should a bank run Into dmlcultles (currently £85k per bank). Investment rfsk IA
under regular r8vl8w by the Trustees.
The trustees, report was approved by the Board of Trustees.
Mrs D B Rafter
Chalmian and Trustee
Dat8: ..

CAT AND RABBIT RESCUE CENTRE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
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 A¢￿pted Accounting
Practice).
The law applicable to charities in England and Vwdles requires the trustees to prepare financial statements for each
financial year 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 year.
In preparing these financial statements, the trustees are required to=
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting stsndards have been followed, subject to any material departures disclosed
and explained in the financial statements., and
prepare the financial statements on the going COn￿M basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose wth reasonable accuracy al 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 hen￿ for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

CAT AND RABBIT RESCUE CENTRE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CAT AND RABBIT RESCUE CENTRE
Opinion
We have audited the financial statements of Cat and Rabbit Rescue Centre {the 'charity'} for the year ended 31
March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and
notes to the financial statements, including significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting standa￿ applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting practi￿>.
In our opinion, the financial statements-
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources
and application of resources, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿.
and
have been prepared in accordance viith the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance wth Intemational Standards on Auditing (UK) IISAS (UK)) and applicable
law. Our responsibilities under those standards are fvrther described in the Auditors ￿sponsIbl1111eS for the audit ol
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 ststements 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 suffiaent and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees. use of the going concem 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 vthen the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the twstees with respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the infomiation induded in the annual report other than the fina￿la1 statements
and our auditor's report thereon. The trustees are responsible for the other infomiation contained within the annual
report. Our opinion on the financial statements does not cover the other information and 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 wth Ihe financial statements or our knowledge obtained in
the course of the audit, or othe￿iSe appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a materkgl 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 infomiation, we are required to report that fact.
We have nothing to report in Ihis regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the followng matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion=
the information given in the finanual statements is inconsistent in any material respect with the trustees.
report., or
SLrfficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.

CAT AND RABBIT RESCUE CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CAT AND RABBIT RESCUE CENTRE
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities. 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 ne￿SSary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or e￿or. In preparing the financial statements, the trustees are responsible for
assessing the charity s ability to continue as a going concem, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounts'ng unless the trustees either intend to ￿ase cperations, or
have no realistic altemative but to do so.
Auditorfs 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 the
Act and relevant regulations made or having effect thereunder.
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
th 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 the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on Ihe basis of these financial statements.
The extent to which our prO￿dureS are capable of detecting irregularities, induding fraud, is detsiled below.
Our objectives are to obtain reasonable assuran￿ about vthether 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 {UKI will always detect a matenal misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial ststements.
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.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-
Complian￿ with laws and regulations, our procedures included the following=
Obtaining an understanding of the legal and regulatory framework that the company operates in, focusing
on those laws and regulations that had a direct effect on the financial statements and operations,.
Obtaining an understanding of the company's policies and prO￿dureS on fraud risks, including knowledge
of any actual, suspected or alleged fraud.. and
Discussing among the engagement team how and where fraud might occur in the financial statements and
any potential indicators of fraud through our knowledge and understanding of the company and our sector-
specific experience.
As a result of these pr0￿dUreS, we considered the opportunities and incentives that may exist within the company
for fraud. We are also required to perform specific procedures to respond to the risk of management OVe￿Ide. As a
result of performing the above, we identified the following areas as those most likely to have an impact on the
financial statements.. health & safety, employment law and compliance with the UK Companies Act.

CAT AND RABBIT RESCUE CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CAT AND RABBIT RESCUE CENTRE
Audit response to the risk of irregularities including fraud
In addition to the above. our procedures to respond to risks identified included the following=
Making enquiries of management about any known or suspected InStan￿S of non-compliance wth laws
and regulations and fraud.,
Challenging assumptions and judgements made by management in their significant accounting estimates-
and
Auditing the risk of management override of controls. induding through testing joumal entries and other
adjustments for appropriateness.
Due to the inherent limitations of an audit. there is an unavoidable risk that some material misstatements in the
financial statements may not be detected, even though the audit is properly planned and performed in accordance
th the ISAS (UK). For instan￿. the further removed non-compliance is from the events and transactions reflected
in the financial statements. the less likely the auditor is to become aware of it or to recognise the non-compliance.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=Il
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
www.frc.org.uklauditorsresponsibilities. This description fonns part of our auditors report.
Use of our report
This report is made solely to the charity's trustees, as a tody, in accordan￿ with part 4 of the Charities (Accounts
and Reports) Regulations 2008. 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 anyone other than the charity and the charity's
trustees as a body, for our audit work, for this report, or for the opinions we have formed.
1211212024
SumerAudit
Chartered Accountants
Statutory Auditor
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
P019 8FX
SumerAudit is a trading name of SumerAuditco Limited
Sumer Audit is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of
a company under section 1212 of the Companies Act 2006.

CAT AND RABBIT RESCUE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Totsl Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
352,295
94,746
828,114
23.439
81.786
6,566
358,861
94,746
828,114
23,439
81.786
511,316
83,391
510,816
12,088
11,436
4,401
515,717
83,391
510,816
12,088
11,436
Total income
1,380.380
6,566 1.386.946
1.129.047
4,401
1,133,448
Expenditure on:
Raising funds
Charitable activities
271,562
1,096.217
271,562
31,593 1.127.810
146,100
889.528
146.100
908.164
18,636
Total expenditure
1,367,779
31,593 1,399,372
1,035,628
18,636 1,054,264
Net incomel(expenditure)
12,601
(25,027)
(12,426)
93,419
(14,235)
79,184
Transfers be￿een
funds
(12.899)
12,899
1.955
(1,955)
Net movement in
funds
11
(298)
(12,128)
(12,426)
95,374
(16,190)
79,184
Reconciliation of funds:
Fund balances at 1 April 2023
2,690.390
31,950 2.722.340
2,595,016
48,140 2,643,156
Fund balances at 31 March
2024
2,690,092
19,822 2,709,914
2,690,390
31,950 2,722,340
The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
10-

CAT AND RABBIT RESCUE CENTRE
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Flxed assets
Tangible a&%els
Investments
15
16
1.480,929
729.245
1,335,663
537.892
Current as50ts
Stocks
Debtors
Cash at bank and in hand
2210,174
1,873,555
17
18
154,633
378,846
59.086
821.249
Creditor5: amounts falllng due vAthln
one year
540,284
19
880.335
(40.544)
{31,550)
Net currnnt assets
499.740
848.785
Total assets less current liabilitles
2,709,914
2.722.340
Net assets excluding penslon Ilablltty
2,709,914
2,722,340
The funds of the chartty
Restiicted income funds
Unr8stricted funds
21
19,822
2,690.092
31.950
2,690,390
2,709.914
2.722.340
Mrs D B Rafter
Chalmian and Trustee
11

CAT AND RABBIT RESCUE CENTRE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash (absorbed by)Igenerated from
operations
(89,847)
95,947
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Purchase of investments
Proceeds from disposal of investments
Investment income received
(184.642)
(105.424)
1,500
(5,861)
426,876
12,088
(191,353)
23.439
Net cash (used in)Igenerated from
investing activities
(352.556)
329.179
Net cash used in financing activities
Net {decrease)lincrease in cash and cash
equivalents
(442,403)
425,126
Cash and cash equivalents at beginning of year
821.249
396.123
Cash and cash equivalents at end of year
378.846
821.249
12-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
Cat and Rabbit Rescue Centre is an unincorporated Charity, registered wth the Charity Commission number
1010000. The registered address is Holborow lodge, Chalder Lane, Sidlesham, Chichester, West Sussex,
P020 7RJ.
1.1 Accounting convention
The financial statements have been prepared in accordance viith the charity's governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland. ("FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 20191. The
charity is a Public Benefit Entity as defined by 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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going Concem
Al the time of approving the financial statements, the trustees have a reasonable expectation thal the charity
has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trLStees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discrets'on of the trustees in furtheran￿ of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any perfomiance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on re￿Ipt or otherwise if the charity has been notified of an impending dstribution,
the amount is known, and receipt is expected.
Assets for distribution are recognised only v4hen distributed. Assets given for use by the charity are
recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet
purposes.
Grants. induding grants for the purchase of fixed assets, are recognised as incoming resources wlEn
receivable. Vvhere grants are given in relation to a set period vthi¢h straddles a year end, recognition of an
appropriate portion of the grant is deferred.
Income from trading activities is recognised at the point of sale and net of VAT where applicable.
13-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontinued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation Can be measured reliably.
Expenditure is classified by activty. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributatAe to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistenl with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Individual fixed assets costing £1,000 or more are initially recorded at cost and subsequently measured at
cost or valuation, net of depreciation and any impaimient losses. Exceptions can be made by the Trustees
where it is appropriate to do so.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Freehold land and buildings
Plant and equipment
Motor vehicles
20A Straigm Line
200A Reducing Balan
250A Reducing Balan
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial ath'vities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction pri￿ excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incu￿ed.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such Ind￿atIOn
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient
loss (if any).
1.9 Stocks
Stocks are staled at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, vthere applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of repla￿ment cost and cost.
Net realisable value is the estimated selling Pri￿ less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
14-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontinued)
1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and setue the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
dassified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.13 Retirement benefits
Payments to defined contribution rets"rement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the charity'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 where the revision affects (mly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
15-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Legacies receivable
Grants, including capital
grants
124,278
224.517
1,293
125,571
224,517
106,003
399,793
3,151
109,154
399,793
3.500
5,273
8.773
5.520
1,250
6.770
352,295
6,566
358,861
511,316
4,401
515,717
Grants receivable for core activities
Grants from other
charities
Portsmouth Water- Get
Water Fit
other
1.000
5,273
6.273
1,250
1,250
2,500
2,500
5,000
520
5,000
520
3,500
5,273
8,773
5,520
1,250
6,770
Income from charitable activities
Unrestricted
funds
2024
Un￿trICted
funds
2023
The Cat and Rabbit Rescue Centre
94,746
83,391
Income from other trading activities
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising events
Shop income
34,535
793,579
22.980
487.836
other trading activities
828,114
510,816
16-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
23,439
12,088
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Net gain on disposal of tangible fixed assets
Solar Panel income
Rental income
Other income
1,336
2,117
6,600
1,383
2,930
7,601
71,255
81,786
11,436
Raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Tradin
costs
Operating charity shops
271,562
146.100
271,562
146,100
17-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charitable activities
Charitable
activites
2024
Charitable
activites
2023
Direct costs
Staff costs
Depreciation and impainnent
The Cat and Rabbit Rescue Centre
733,272
39,376
196,073
548,055
38,184
162.923
968,721
749.162
sha￿ of support and governance costs (see note 10)
Support
Governan
134,924
24,165
128,378
30,624
1,127,810
908,164
Analysis by fund
Unrestricted funds
Restricted ￿ndS
1,096,217
31,593
889,528
18,636
1.127,810
908.164
10 Support costs allocated to activities
2024
2023
Staff costs
Governan￿ costs
134,925
24,164
128,378
30,624
159,089
159,002
Analysed between:
Charitable activites
159.089
159.002
11
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediting)'.
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Lossl(profit) on disposal of tangible fixed assets
6,895
39,376
2,255
38,184
{1,336)
18-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Trustees
None of the trustees (or any persons connected y￿th them) received any remuneration or benefits from the
charity during the year.
No trustees were reimbursed any expenses during the year {2023- none).
13 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
51
41
Employment Costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
807,079
48,109
13,009
630,683
36,301
9,449
868,197
676,433
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows"
2024
2023
Aggregate compensation
118,709
109,107
14 Taxation
The charity is a registered charity and is therefore exempt from ¢orwration tax.
19-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Tangible fixed assets
Freehold land
and buildings
Plant and
equipment
Motor
vehicles
Total
Cost
At 1 April 2023
Additions
Disposals
1.546,269
184,642
71,660
19,808 1,637.737
184,642
(334)
(334)
At 31 March 2024
1,730,911
71,326
19,808 1,822,045
Depreciation and impaimient
At 1 April 2023
Depreciation charged in the year
Eliminated in respect of disposals
229,742
35.260
58,536
2,613
(334)
13,796
1,503
302.074
39.376
(334)
At 31 March 2024
265,002
60,815
15,299
341,116
Carrying amount
At 31 March 2024
1,465,909
10,511
4,509 1,480,929
At 31 March 2023
1,316,527
13,124
6,012 1,335,663
16 Fixed asset investments
Unlisted
investments
Cost or valuation
At 1 April 2023
Additions
537.892
191.353
At 31 March 2024
729.245
Carrying amount
At 31 March 2024
729,245
At 31 March 2023
537,892
17 Stocks
2024
2023
Finished goods and goods for resale
6,805
-20-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
142,904
11,729
52,089
6,997
154,633
59,086
19 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Other creditors
Accruals and deferred income
12,501
3,134
24,909
10,135
2,168
19,247
40,544
31,550
20 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
13.009
9.449
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
21

O)*OOvf
ro ro ￿ Ln N ¢5)
000

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
2.690,390
1,380.380
(1,367,779)
(12,899)
2,690,092
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
General funds
2,595,016
1,129,047
(1,035,628)
1,955
2,690,390
23 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Investments
Current assetsl{liabilities)
1,464.535
729.245
496.312
16,394
1,480,929
729,245
499,740
3,428
2,690.092
19.822
2,709.914
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Investments
Current assetsl(liabilities)
1,318.456
537.892
834.042
17.207
1,335.663
537.892
848.785
14.743
2,690,390
31,950
2,722,340
-24-

CAT AND RABBIT RESCUE CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Operating lease commitments
Lessee
At the reporting end date the charity had outstanding ￿MmitMentS for future minimum lease payments under
non-cancellable operating leases, which fall due as follows=
2024
2023
Within one year
Between two and five years
In over five years
198.563
616,546
140,000
84.181
259,468
13,295
955,109
356,944
25 Related party transactions
One of the trustees is also a partner of Chichester Vets, which is the veterinary practice used by the Charity.
The costs of competing veterinary practices have been oblained to compare the fees, with Chichester Vets
remaining the most competitive. The total fees paid to Chichester Vets, including VAT, was £44,922, {2023:
£30.336}.
26 Legacies
The charity has been notified of entitlement to 15 legacies prior to the year end which have either not yel been
received or only partially received. It is not currently possible to reliably state the value of these legacies due
to unknown factors, for example where the charity has a residual interest. For 3 of these legacies it has been
possible to estimate the receipts to be in the region of £22,000, however there remains uncertainty over their
final value.
27 Cash generated from operations
2024
2023
(Deficit)Isurpus for the year
(12,426)
79,184
Adjustments for=
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
(23,439)
{12,088)
{1,336)
38,184
39,376
Movements in working capital..
(Increase} in stocks
(Increase} in debtors
Increase in creditors
{6.805)
{95.547)
8.994
{17.388)
9.391
Cash {absorbed by)Igenerated from operations
(89,847)
95,947
28 Analysis of changes in net funds
The charity had no material debt during the year.
-25-