THE IRISH RED SErrER RESCUE CHARITABLE TRUST TRUSTEES, REPORT AND ACCOUNTS for the year ended 31 DECEMBER 2023 Deans Chartered Accountants STAFFORD
THE IRISH RED SErrER RESCUE CHARrrABLE TRUST CONTENTS Page Charity information Report of the Trustees Independent Examinerfs Report Receipts and Payments Statement of Assets and Liabilities Notes to the Accounts 10
THE IRISH RED SErrER RESCUE CHARrrABLE TRUST CHARITY INFORMATION Trustee5: Served throughout the year Jane Axon Brian R055 Megwebb Michael Bradv Reslgned 9 December 2023 Christina Sheldon Secretary Reappointed Treasurer 9 December 2023 Treasurer Charity Number: 1037633 Charity Offices: KInS Oak, 27 Old Road, Addlestone, Surrey KTIS IEW Investment Managers: Investment Fund Services Ltd Marlborough House 59 Chorley New Road Bolton Lancs BLI 4QP Investec Wealth & Investments Ltd 30 Gresham Street, London EC2V 7QN Independent Examiner: Deans Gibson House Hurricane Close Stafford ST16 IGZ Bankers: CAF Bank Kings Hill West Malling Kent ME19 4JQ Cambridge & Counties Bank Charnwood Court 58 New Walk Leicester LEI 6TE
THE IRISH RED SErrER RESCUE CHARrrABLE TRUST REPORT OF THE TRUSTEES Coverlng the year ended 31 December 2023 The trustees submit their annual report and the financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 10 and comply with the charity's trust deed and applicable law. Establlshment of the Trust The Irish Red Setter Rescue Charitable Trust wa5 created on 17 April 1994 by means of a Declaration of Trust. The principal objectives of the Trust state:_ l. To rescue and provide care and shelter for lost. abandoned, ne8lected or ill-treated dogs and to find new homes for such animals wherever possible. 2. To fund research into hereditary conditions or other diseases or conditions in dogs and to disseminate the useful results of such research for the public benefit. The Trust was registered on 17 May 1994 and on 18 July 1994 the Inland Revenue gave it exemption from taxation under Sectlon 506(11 of the Income and Corporatlon Taxes Art 1988. Structure. Governance and Management Recrultment and Appointment of Trustees The Trustees are set out on page 2. The Trustees always reach a consensus when making decisions. All Trustees are unpaid. The methods adopted for the recruitment and appointment of Trustees are in accordance with paragraph 12 of the Declaration of Trust. Rlsk Management The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirn that Systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Investment Pollcy and Powers The Trust Deed authorises the Trustees to make and hold investments using the general funds of the charity. Management of funds is left to Professional Fund Managers. Performance 15 monitored on a regular basis.
THE IRISH RED SEfTER RESCUE CHARITABLE TRUST REPORT OF THE TRUSTEES (Continued) Coverlng the year ended 31 December 2023 Flnancial Revlew FlnancSal Posltlon On the 14 June 1994, the Trust received £50,000 from the Irish Setters Breeders Club on behalf of the Rescue Section. This Sum Included the bequest from O C Collins which had been previously shown as a separate item in the accounts of the Rescue Section. During 2011 and 2012 the financial resources of the Trust were further cemented, in the Sum of £191,305 being received from the Eileen Mary Kennett Will Trust. The Trustees have resolved that this donation and the income therefrom will be applied only for the benefit of the Irish Red Setter Rescue Charitable Trust and to support the Rescue & Rehome Sectlon when necessary. Help was glven in several areas of anlmal welfare. Reserves were enhanced during 201812020 by a bequest (in instalmentsl of £114,000, and further enhanced by other significant bequests during 2022. The value of the fund at 31 December 2023 amounted to £698,813. Income during the year of £60,851 was exceeded by expenditure of £61,741, giving a net shortfall of £890. Unrealised gains on investments amounted to £23,130 resulting in a net positive movement in funds of £22,240. Maln Achievements An arm's length relationship with other charities is maintained. The Trust tries to help out urgent cases and assist In exceptional circumstances where the cases involve Irish Setters. In 2021 Michelle Websterfs executors donated her Irish Setter Pedigree Database to the Trust which now maintains and updates it for the benefit of the breed. A database upgrade during 2022 has secured its future. Rescue and Rehome Sectlon (ISRANDR• The Irish Setter Rescue and Rehome Section {ISRANDR) undertakes the practical work of rescue and rehoming on behalf of the Trust. This work was previously done by the Irish Setter Breeders Club (ISBC) Rescue Scheme the activities of which were transferred to the Trust at 1st June 2017, together with its Officers and Committee, and its cash balances amounting to £17,880. Rescue and Rehome (ISRANDR) is an activity which operates as a Section of the Trust, not independently of it, and thus is supported, when necessary, by Trust funds, and the Trustees have ultimate responsibility for its operation. A comprehensive major and beneficial review of Rescue and Rehome took place in 2019 resulting in savings in expenditure, which remains closely monitored. However, inflationary costs continue to be a challenge to control. The ongoing support and generosity of volunteers is much appreciated. ISRANDR seeks to provlde a personal, knowledgeable and sympathetic rehoming service, and receives many positive reviews and recommendations from the wider Irish Setter community.
THE IRISH RED SErrER RESCUE CHARrrABLE TRUST REPORT OF THE TRUSTEES IContSnued) Coverfng the year ended 31" December 2023 ReseNes Polky tt is the poliry of the Ch3fTty to maintain unrestricted hjnds which are the free reserves of the Charity, at a level which equates to a rninimum of twelve months unrestricted expenditure. This provides sufficient funds to cover managemeni and administration and sUPPOrt costs and to respond to emergency applications for grants. Statement of Trustees. Responslbllities The Trustees are responslble for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Law applicable to charities in EnglarKI and Wale5 requires the Trustees to prepare financial ststemerits for each rlnancial year which gFve a true and fair view of the chariV5 financial activities during the year and of its financial sition at the end of the year. In preparing these fjnancial statements, the trustees are required to: select suitable accountin8 policies and then apply thern consistently.- make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitv will continue in operation. The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financi31 position of the charrty and to ensure that the financial statements comply with applicable law. regulations and 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 fraLid and other irregularities. Approval This report was approved by the Trustees on 21" April 2024 and signed on rheir behalf. Mrs M Webb SECRETARY Kin<5 Oak. 27 Old Road. Addlestone. Surrev KT.15 IEW
THE IRISH RED SErrER RESCUE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IRISH RED SETfER RESCUE CHARITABLE TRUST For the year ended 31 Decernber 2023 I report on the accounts of the Irish Red Setter Rescue Charitable Trust for the year ended 31 December 2023 which are set out on pages 7 to 11. Responsibilities and basls of report As the charitvs trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACV). I report in respect of my examination of the charitvs accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sertion 145(51{b) of the Act. Independent examlner's statement 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: accounting records were not kept in respett of the charity as required by section 130 of the Att; or the accounts do not accord with those records 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 accounts to be reached. R Stonier Bsc {Econ) FCA ATh MAE Deans Chartered Accountants Gibson House Stafford, ST16 IGZ Tq f4 COL
THE IRISH RED SErrER RESCUE CHARITABLE TRUST RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Total Rescue & Rehome IRSR Total RECEIPTS Donations Received General & Bequests Gift Aid Tax Relief Just Giving Sponsored Events Sale of Christmas Cards / Calendars Sale of Raffle Tickets Sale of Goods Vet fees recovery Dividends ReIVed .. CAF Investec Bank Interest Insurance Commission Miscellaneous 4,328 304 5,000 9,328 304 118,903 497 3,715 3,715 758 302 1,302 227 24,719 302 1,302 227 24,719 1,618 1,217 565 6.315 8.851 6,111 2,256 8,851 6,111 4,738 1,254 7,638 4,748 697 1,151 2,482 1,254 TOTAL RECEIPTS 38,633 22,218 60,851 144,107 PAYMENTS Boarding Fees Veterinary/Dog Costs Cost of Goods for Resale Legal Fees Raffle Costs Travelling Expenses Calendar Costs Christma5 Card print/post Crufts stand 33,924 259 20,224 54,148 259 16,049 486 3,531 191 486 3,531 191 716 2,1JJ6 140 439 350
THE IRISH RED 5ErrER RESCUE CHARITABLE TRUST RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 20Z3 (Contlnued) 2023 2022 Rescue & Rehome IRSRcr Total Total Insurance Pedigree Database Accountancy Fees Investec Fees Computer & webslte Costs Bank, Paypal & Just Giving Char8es Telephone Postage/stationery Miscellaneous Meeting/seminar costs 324 324 129 816 322 723 774 129 816 600 506 6LX) 526 1,512 239 293 506 130 60 190 176 10 186 83 367 367 631 TOTAL PAYMENTS 39,029 22,712 61.741 24,803 NEf OF RECEIPTSIPAYMENTS and NET MOVEMENT IN CASH (396) 1494} {890) 119,304 CASH FUNDS LAST YEAR 20,940 239,317 260.257 140,953 CASH FUND5 TH15 YEAR 20,544 238,823 259,367 260,257 MOVEMENT IN FUND RECEIPTS (890) 119.304 NON CASH MOVEMENTS 23,130 (31,580) NEf MOVEMENT IN FUNDS 22,240 87,724 FUND BALANCE B/FWD AT 1ST. JANUARY 2023 676,573 588,849 FUND BALANCE CIFWD AT 31ST. DECEMBER 2023 698,813 676,573
THE IRISH RED SETfER RESCUE CHARrrABLE TRUST St*(ÈmÈnt of Assets and Liabilitles A5 at 31 December 2023 2023 2022 FIXED ASSEfS tnvestments at Market Value 439.446 416,316 Cash at bank 259,367 260.257 TOTAL NET ASSETS 698.813 676.573 FUNDS The Irish Red Setter Rescue Charitable Trust Erish Setter Rescue & Rehome IISRANDR) 678,269 20,544 698,813 655,633 20.940 676.573 Approved by the Trustees on 21" April 2024 and signed on their behalf by:_ I rustee.& Secretary Trustee & TreasureT
THE IRISH RED SEfTER RESCUE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023 PRINCIPAL ACCOUNTING POLICIES a. Accountlng Convention The Receipts and Payment Accounts prepared in accordance with Regulation 40 of the Charities Act (Accounts and Reports) Regulations 2006. b. Investment Income Investment income is accounted for in the period in which the charity is entitled to receipt. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. The Charity is not registered for VAT purposes, the expenditure being shown inclusive of any VAT. d. Investments Investments are stated at falr value. e. Taxation The Trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes. io
THE IRISH RED SETTER RESCUE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 Dernber 2023 INVESTMENTS On I" January 2023, the Charity held 173,445.5326 units in the IM CAF UK Equity B Income Fund, and three Bond Funds, purchased out of the money received from the Eileen Mary Kennet Will Trust. The IM CAF UK Equity B Income Fund was closed by the fund managers during 2023 and the investment transferred by the trustees to the CAF UK ESG Income/Growth (income) Fund at no cost to the Trust. 280,401.5814 unit5 were acquired. IFSL CAF UK ESG Inc/Growth Iln¢) Fund Bond Funds Total 2023 Total 2022 St Market Value at l January 2023 Invested during the year Equalisation Income during the year Profit in the year 278,016 138,300 416,316 447,896 15,199 7,931 23,130 (31,580) Market Value at 31" December 2023 293,21S 146,231 439,446 416.316 Historical Cost as at 31" December 2023 127,500 143,852 271,352 271,352 li