THE IRISH RED SEfTER RFSCUE CHARrrABLE TRusr TRUSTEES, REPORT AND ACCOUNTS for the year ended 31 DECEMBER 2024 Deans Chartered Accountants STAFFORD
THE IRISH RED SErrER RESCUE CHARrrABLE TRusr coNrEKfs Pa8e Charity infomiation Report of the Trustees Independent Examlnerfs Report Recelpts and PayThents 7-8 Statement of Assets and Liabilitles Notes to the Accounts io
THE IRISH RED SErrER RESCUE CHARrrA8LE TrUST CHARifY INFORTIoN Trustees: SeNed throughout the year Jane A¥on 8rian Ross Meg Webb Secretsry Michael Brady Charitable Trust Treasurer to 21 October 2024 New Trustees from 11 July 2024 Kevin Cooper Charitable Trust Treasurerfrom 21 Ortober 2024 Jo-Anne Parsons Gordon Rowbottom Charity Number: 1037633 Charity Office5: KInS Oak, 27 Old Road, Addlestone, Surrey Kr15 IEW Investment Manager5: Investrnent Fund Services Ltd Marlborough House 59 Chorley New Road Botton Lancs BLI 4QP Investec Wealth & Investments Ltd 30 Gresham Street, London EC2V 7QN Independent Examiner.. Deans Gibson House Hurricane Close Stafford sr16 IGZ Bankers: CAF Bank Kings Hill West Malling Kent ME19 4JQ Cambridge & Countie5 Bank Charnwood Court 58 New Walk Leicester LEI 6fE
THE IRISH RED SEfTER RESCUE CHARITABLE TRusr REpoirr OF THE TRUSTEES Coverfn8 the year ended 31 December 2024 The trustees submit their annual report and the flnandal statements for the year ended 31 December 2024. The financial statements have been prepared in accordance wlth the accountln8 pollcle5 set out on page io and comply with the thari5 trust deed and applicable law. Establlshment of the Trwt The Irlsh Red Setter Rescue Charltable Trust was created on 17 Aprll 1994 by means of a Declaratlon of Trust. The principal objectives of the Trust state:. l. To rescue and provide care and shelter for10st, abandoned, negletted or111-treated dogs and to find new homes for such animals wherever posslble. 2. To fund research into hereditary conditions or other diseases or conditions in do85 and to dts5emlnate the useful results of such researth forthe public benefit. The Trust was reglstered on 17 May 1994 and on 18 July 1994 the Inland Revenue 8ave It exemption from taxation under Sectlon 506(11 of the Income and Corpor*ion Taxes Act 1988. Structure, Governance and Management Re¢rulknent and Appolnknent of Tru5tee5 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 recrultment and appointment of Trustees are in accordance with paragraph 12 of the Dedaratlon of Trust. Rlsk Management The Trustees have examlned the major strategic. business and operatlonal rlsks whlth the Charity faces and conflrm that systems have been estsblished to enable regular reports to be produced so that the necessary 5tep5 can be taken to lessen these risks. lrnie5tment Polky and Powers The Trust Deed authorlses the Trustees to make and hold Investments uslng the 8eneral funds of the charity. Management of funds is left to Professional Fund Managers. Performance is monltored on a re8ular basis.
THE IRISH RED SErrER RESCUE CHARITABLE TRusr REPORT OF THE TRusfEES Icontlnued) Coverfng the year ended 31 December 2024 Flnandal Revlew Flnanclal Posltlon On the 14 June 1994, the Trust received £50,0(Kl from the Irlsh Setters Breeders aub on behalf of the Rescue Sectlon. This 5urn Included the bequest from O C Collins which had been previously shown a5 a separate ttem in the accounts of the Rescue Sectlon. Durlng 2011 and 2012 the financial resources of the Trust were further cemented, In the sum of £191305 being received from the Eileen Mary Kennett Will Trust. The Trustees have resolved that this donation and the income therefrom wlll be applied only forthe benefft of the1ri5h Red Setter Rescue Charitible Trust and to support the Rescue & Rehome Sectlon when necessary. Help was given in several areas of animal welfare. Reserves were enhanced durln8 201812020 by a bequest (in instalments) of £114,(XXI, and further enhanttd by other slgnificant bequests during 2022. The value of the fund at 310ecember 2024 amounted to £712,096. Income durlng the year of £45,106 was exceeded by expenditure of £47,820, giving a net shortfall of £2,715. Unreallsed gaSns on investsnents arnounted to £15,998 resulting In a net positive movement in funds of £13,283. Maln AChIeMents An arm's length relationship wlth other charities is maintained. The Trust tries to help out ur8ent cases and assist in exceptional circumstances where the cases involve Irish Setters. In 2021 Michelle Websterfs Èxecutors donated her Irlsh Setter Pedigree Database to theTrust which now maintains and update5 Itforthe beneflt of the breed. A database upgrade during 2022 has secured its future. Rescue and Rehome Sectlon (ISRANDR•) The Irish Setter Rescue and Rehome Section (5SRANDRI undertakes the practical work of rescue and rehomlng on behalf of the Trust. Thls work was prevlously done bythe Irish Setter Breeders Club IISBCI Rescue Scheme the activitles of which were transferred to theTrust at I"June 2017, tO8etherwith its Officers and Commlttee, and its cash balances amounting to £17,880. Although separate entltles now. IS8C continue to support1SRANDR in many ways and this Is greatly appreciated. Rescue and Rehome (ISRANDR) is an artivitywhich operates as a Sectlon of theTrusL not independently of it, and thus is SUPPOrted, when necessary. by Trust funds, and the Trustees have ultimate responsibllity for its operatlon. A comprehensive rnaior and beneficial revlew of Rescue and Rehome took place in 2019 resulting in savings in expenditure. which remains dosely monltored. However, inflatlonary costs continue to be a challenge to control. The ongotng support and generoslty of volunttrrs is much appreclated. ISRANDR seeks to provide a personal. knowledgeable and sympathetic rehoming service. and receive5 many positNe revlews and recommendations from the wider Irish Setter communlty.
THE IRISH RED SErrER RESCUE CHARrrABLE TRUST REpoKf OF THE TRUSTEES (Contlnuedl Coverfn8 the year ended 31" December 2024 Reserves Polley It ts the pollcy of the Charbty to maintaln unrestrlcted fund5 whlch are the free reserves of the Charfty, at a le1 which equates to a minimum of twelve months unrestricted expenditure. This provides sufficient fund5 to cover management and administration and 5UPPOrt costs and to respond to emergency appllcatlons for grants. Statement of Trustees, Responslbllftles The Trustees are responsible for preparing the Annual Report and the financlal statements In accordance wlth applicable law and regulations. Law applicable to charities in Enand and Wales requlres the Trustees to prepare financial ststernents for each financial year which give a true and fair view of the charitvs financial activities durSn8 the year and of its financial posltlon at the end of the year. In preparlng these financial statements, the trustees are requlred to: selert suitable accountin8 pollcles and then apply them consistently,. make judgements and estimates that are reasonable and prudent; prepare the financial ststements on the goin8 concern basis unless It Is inappropriate to presume that the charity will continue In operation. The Trustees are responsible for keeping accounting records that dlsdose with reasonable accuracy the financial position of the tharity and which enable them to ascertain the financial posltlon of the charty and to ensure that the financial staternents comply wrth applicable law, regulations and the Trust Deed. They are also responslble for safeguarding the assets of the charity and hence for taking reasonable Steps for the preveTrtion and detection of fraud and other irregularities. Approval This report was approved by the Trustee5 on and signed on their behalf. Iyl. ,J.-gb Mrs M Webb SECREfARY King's Oak, 27 Old Road, Addlestone. Surrey 15 IEW
THE IRISH RED SErrER RESCUE CHARITABIE TRUST INDEPENDEKf EXAMINEWS REPORT TO THE TRusfEES OF THE IRISH RED SErrER RESCUE CHARITABLE TRUST For the year ended 31 Dttember 2024 I report on the accounts of the Irish Red Setter Rescue Charitsble Trust for the year ended 31 December 2024 which are set out on pages 7t0 11. Responslbmllles and b4$1$ of report As the charivs trustees you are responsible foTthe preparatlon of the accounts in accordance wrth the requlrements of the Charities Art 2011 ('the Act,). I report In respett of my examlnatlon of the charltWs accounts carrled out under 5ectlon 145 of the Art and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sectlon 14515)(bl of the Art. Independent examlner's statement I have completed my examination. I confirrn that no materlal matters have come to my attention In connertlon wlth the examlnatlon gNlng me cause to believe that in any material re5pert.' accounting record5 were not kept in respect of the charity as required by section 130 of the Act: or the accounts do not accord wlth those records I have no concerns and have come across no other matters in connection with the examSnation to which attentn should be drawn In thls report in order to enable a proper understandlng of the accounts to be reached. R Stonler Bsc (Econ} FCA Arr MAE Deans Chartered Accountsrrts Glbson House Stafford, sr16 IGZ
THE IRISH RED SErrER RESCUE CHARITABLE TRUST RECEIPTS AND PAYMEKfs FOR THE YEAR ENDED 31 DECEMBER 2024 2024 IRSRcr 2023 Total Rescue & Rehome Total RECEIPTS Donatlons Recelved General & Bequests GEft Aid Tax Relief Just Glvlng Sponsored Events Sale of Christmas Card51 Calendars Sale of Raffle Tlckets Sale of Goods Vet fees recovery Dividends Recelved . CAF Inve5tec Bank Interest Insurance Commission Miscellaneous 7,408 3,623 11,031 9,328 304 1,495 2,018 415 1.495 2,018 415 3,715 302 1,302 227 24,719 3,603 3,426 7.029 8.153 6,213 7,239 8,153 6,213 7,286 1,466 8,851 6,111 4.738 1,254 47 1,466 TOTAL RECEIPTS 16,452 28.654 45,106 60,851 PAYMENTS Boarding Fees Veterinary/Dog Costs C05t of Goods for Resale Legal Fees Raffle Costs Travellin8 Expenses Calendar Costs Christmas Card print/post Crufts stand 8,482 25,951 34,433 54,148 4,542 4,542 50 1,096 207 50 1,096 207 3,531 191
THE IRISH RED SErrER RESCUE CHARITABLE TRUST RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (Contlnued) 2024 Rescue & Rehome 2023 IRSRcr Total Total Insurance Pedigree Database Accountancy Fees Investec Fees Computer & webslte Costs Bank, Paypal & Just Giving Charge5 Telephone Postagelstationery Mlscellaneous Meeting/seminar costs 322 322 324 129 816 600 506 190 857 602 916 60 857 602 916 174 114 114 172 3,810 525 286 3,810 525 186 367 TOTAL PAYMENTS 10,385 37.435 47.820 61,741 NET OF RECEIFfs/pAYMENT5 and NEf MOVEMEMf IN CASH 6.067 (8,782) {2,715) {890) CASH FUNDS LAST YEAR 20.544 238,823 259,367 260.257 TRANSFER (2,8251 2025 CASH FUNDS THIS YEAR 23,786 232 866 256,652 259,367 MOVEMENT IN FUND RECEIPTS (2,715) (8901 NON CASH MOVEMEpirs 15,998 23,130 NEf MOVEMENT IN FUNDS FUND BALANCE BIFWD AT Isr. JANUARY 2024 13,283 22,240 698,813 676,573 FUND BALANCE CIFWD AT 31ST. DECEMBER 2024 712.096 698,813
THE IRISH flED SETTER RESCUE CHARITABiETrU5T As at 31 DerwMl*r 2024 FIXED ASSE Investments at Market Value 455,444 439,446 Cash at bank 256,652 259367 TOTAL NET ASSErs 712,1 698,813 UNDS The lrfsh Red Setter Rescue a)arltable Tst Irish Setter Rescue & Rehorne IJSRANDRI 688.310 23.786 ". 12.096 678.269 20,544 698,813 Approved by the Thjstees on 07 Oecember 2025 and sSgned on thelr behalf by:. Tustee & SerJetsry Trustee &Treasurer
THE IRISH RED SErrER RESCUE CHARtTABLE TRUST NOTES TO THE FINANaAL STATEMENTS for the year ended 31 December 2024 PRINUPAL ACCOUNTING POUCIES Account1 Convertlon The Receipts and Payment Accounts prepared In accordance wfth Regulatlon 40 of the Charttles Act {Accounts and Reports) Regulatlons 2006. b. Investhient Income Investment income Is accounted for in the period In whKh the charlty Is entitled to receipt. Expenditure is recognlsed on an accruals basis as a liability15 Incurred. The Charlty Is not re'Stered for VAT purposes, the expenditure being Shown Indusive of any VAT. d. Investrnents Investments are stated at fair value. e. Taxatlon The Trust Is a reglstered charlty and accordin8ly Is exempt from taxation on its income and gains where they are applled for charltable purposes. io
THE IRISH RED SErrER RESCUE CHARITABLE TRUST NOTES TO THE FINANaAL sfATEMENTS IcoNnNUED) for the year ended 31 December 2024 INVESTMENTS On 1° January 2024, the Charlty held 280,401.5814 units in the IM CAF IncoTne and Growth Fund, and three Bond Funds, purchased out of the money received from the Eileen Mary Kennet Will Trust. IFSL CAF UK Total 2024 Totsl 2023 Funds InrlGrowth (Inc) Fund Marketvalue at I"January2024 Invested during the year Equalisation Income during the year Profit in the year 293,215 146,231 439,446 416,316 15,955 43 15,998 23,130 Market Value at 31 December 2024 309,170 146,274 455,444 439,446 Historical Cost as at 31 December 2024 127,489 143,863 271,352 271,352 li