REGISTERED CHARITY NUMBER: 1038286
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
THE BULL TERRIER (UK) WELFARE TRUST
THE BULL TERRIER (UK) WELFARE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
THE BULL TERRIER (UK) WELFARE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the Trust shall be to relieve the suffering and distress of Bull Terriers. To give care and protection to Bull Terriers which are in need by reason of sickness, maltreatment or poor circumstances.
Public benefit
The Trustees have had regard to the guidance issued by the Charity Commission and are satisfied that the charity is for public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We as trustees strive to continue to fundraise for the trust and wish to thank all that have helped us to achieve this.
At the start of 2021 we had 8 bull terriers in kennels. Quarter 1 (Jan-March) We had 10 come in and 9 go out Quarter 2 (April-June) We had 3 come in and 9 go out Quarter 3 (July-Sept) We had 9 come in and 7 go out Quarter 4 (Oct-Dec) We had 4 come in and 7 go out
Totals for 2021 are 26 in and 32 out and no bull terriers were put to sleep. This leaves us with 2 bull terriers in kennels at the end of 2021.
The kennels used remain the same with Sherril Goodwin in Clowne, Kelly Marples in Chesterfield and Karla Wilson in Northern Ireland.
During 2021 our main activities and achievements have remained the same and have been focussed on assessing and rehoming as quickly as possible. We always strive to provide the best possible care and ensuring the dogs get into their forever homes. Unfortunately, this has once again been restricted by the Covid pandemic.
All prospective new owners can still apply online, or we can post an application form out to be filled in and returned to us. We then arrange home checks however like in 2020 this has been quite difficult due to the pandemic and most checks have been done via video link. This has continued to work well and despite the year again being very demanding and quite stressful for the committee, we have still managed to help all the bull terriers that have had to come into our care and have rehomed 32 of the 34 in our care.
Fundraising activities
Unfortunately, we were unable to attend Crufts in 2021 due to the pandemic and Crufts being cancelled. Also due to the pandemic we were unable to have a fun day again this year. Despite the pandemic we have continued to raise awareness of the trust and all that we do for our breed.
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THE BULL TERRIER (UK) WELFARE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
Financial position
2021 continued to be a strange and difficult year due to the COVID-19 pandemic and the restrictions that were imposed by the Government. Following on from 2020 we still managed to keep rehoming the dogs as we were given permission to do home checks by video link and ensure the dogs could be in their new homes as soon as possible.
Breakdown of expenditure for 2021
Kennelling Fees: £15,569
Veterinary Fees and medicines: £9,515
Transport: £1,985
Postage and Stationery: £208
Income Raised: £31,408
At the end of 2021 our Fixed Asset Investments (Share Portfolio with Rosemount) valuation was £979,401. Our cash at bank is £499,959 of which Scottish Widows holds just over £25,000. This gives us an overall reserve of £1,478,442.
Reserves policy
At the year end the charity had reserves amounting to £1,478,442. Most of this is comprised of investments which generate a steady annual income.
The Charity still feels there is no need for a policy for holding reserves as its income is still derived from donations which are irregular and cannot be predicted. Any reserves that are held are done so to ensure the continued overall welfare of rescued Bull Terriers in the future.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is an unincorporated association whose governing document, a trust deed, is known as The Bull Terrier Club (UK) Welfare Trust Constitution.
Organisational structure
There shall be a Secretary of the Trust, a Treasurer of the Trust and four Trustees at least one of whom shall not be a member of The Bull Terrier Club Committee, collectively known as the Managing Trustees. These are appointed by the committee of the Bull Terrier Club and one shall be appointed as Chairman annually by the Managing Trustees in Committee. There is no requirement for a person appointed as a Managing Trustee to be a member of any Bull Terrier Club.
United Kingdom membership of The Bull Terrier Club shall be synonymous with membership of the Trust and the members of one shall automatically become members of the other.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1038286
Principal address
Westbourne Waverley Street Tibshelf Alfreton DE55 5PE
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THE BULL TERRIER (UK) WELFARE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
For the year ending 31st December 2021 the following people were Managing Trustees:
Acting Chairperson: Tracey Fletcher Honorary Treasurer: Anna Blair Honorary Secretary: Sharon Hackett Angela Mackechnie Amanda Young Eddie Ball (resigned 14 November 2021)
No other persons served as a Charity Trustee during this 2021 financial year.
The Managing Trustees have held one meeting this year.
Rosemount Independent Financial Advisors Ltd of Romford, Essex manage our share portfolio and following the AGM DNG Dove Naish in Northampton are our Independent Examiner of the Accounts.
Independent Examiner
DNG Dove Naish LLP Chartered Accountants Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mrs T Fletcher - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BULL TERRIER (UK) WELFARE TRUST
Independent examiner's report to the trustees of The Bull Terrier (UK) Welfare Trust
I report to the charity trustees on my examination of the accounts of The Bull Terrier (UK) Welfare Trust (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner'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 respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our independent examination 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 independent examiner'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 independent examination work, for this report, or for the opinions we have formed.
Nicola Fox FCA DNG Dove Naish LLP Chartered Accountants Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ
Date: 26 May 2022
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THE BULL TERRIER (UK) WELFARE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities 4 Charitable activities Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted fund £ 30,686 722 10,400 41,808 36,183 81,252 86,877 1,391,565 1,478,442 |
2020 Total funds £ 26,923 2,234 7,903 37,060 44,119 (17,443) (24,502) 1,416,067 1,391,565 |
|---|---|---|
The notes form part of these financial statements
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THE BULL TERRIER (UK) WELFARE TRUST
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2021
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 979,401 499,959 (918) 499,041 1,478,442 1,478,442 1,478,442 1,478,442 |
2020 Total funds £ 898,093 494,342 (870) 493,472 1,391,565 1,391,565 1,391,565 1,391,565 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. T Fletcher - Trustee
The notes form part of these financial statements
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THE BULL TERRIER (UK) WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The Bull Terrier (UK) Welfare Trust is an unincorporated charity, registered in England and Wales. The charity's number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted 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 particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Investments which are held for the long term are included in the financial statements at market value. Investments are held for the specific purpose of providing income to support the Charity's work.
Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.
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THE BULL TERRIER (UK) WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES - continued
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2. OTHER TRADING ACTIVITIES
| Fundraising events Bull Terrier Club sub levy 3. INVESTMENT INCOME Investment income Deposit account interest |
2021 £ - 722 722 2021 £ 10,318 82 10,400 |
2020 £ 834 1,400 |
|
|---|---|---|---|
| 2,234 | |||
| 2020 £ 7,781 122 |
|||
| 7,903 |
4. CHARITABLE ACTIVITIES COSTS
| Charitable activities | Support Direct costs (see Costs note 5) £ £ 27,069 9,114 |
Totals £ 36,183 |
|---|---|---|
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THE BULL TERRIER (UK) WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
5. SUPPORT COSTS
| Governance Management Finance costs £ £ £ Charitable activities 999 7,197 918 |
Totals £ 9,114 |
|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
7. INDEPENDENT EXAMINER'S REMUNERATION
Net income/(expenditure) is stated after charging/(crediting):
| Independent Examiner's remuneration 8. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2021 Additions Disposals Revaluations At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
2021 £ 918 |
2020 £ 870 Listed investments £ 898,093 26,713 (26,657) 81,252 979,401 979,401 898,093 |
|---|---|---|
There were no investment assets outside the UK.
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THE BULL TERRIER (UK) WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
At 1/1/21 £ 1,391,565 1,391,565 |
2021 £ 918 Net movement in funds £ 86,877 86,877 |
2020 £ 870 At 31/12/21 £ 1,478,442 1,478,442 |
|---|---|---|---|
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 41,808 | (36,183) | 81,252 | 86,877 |
| TOTAL FUNDS | 41,808 | (36,183) | 81,252 | 86,877 |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1/1/20 £ 1,416,067 1,416,067 |
Net movement in funds £ (24,502) (24,502) |
At 31/12/20 £ 1,391,565 1,391,565 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 37,060 | (44,119) | (17,443) | (24,502) |
| TOTAL FUNDS | 37,060 | (44,119) | (17,443) | (24,502) |
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THE BULL TERRIER (UK) WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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THE BULL TERRIER (UK) WELFARE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 9,582 | 5,914 |
| Legacies | 21,104 | 21,009 |
| 30,686 | 26,923 | |
| Other trading activities | ||
| Fundraising events | - | 834 |
| Bull Terrier Club sub levy | 722 | 1,400 |
| 722 | 2,234 | |
| Investment income | ||
| Investment income | 10,318 | 7,781 |
| Deposit account interest | 82 | 122 |
| 10,400 | 7,903 | |
| Total incoming resources | 41,808 | 37,060 |
| EXPENDITURE | ||
| Charitable activities | ||
| Boarding fees | 15,569 | 22,234 |
| Vet fees | 9,515 | 11,267 |
| Transport | 1,985 | 1,308 |
| 27,069 | 34,809 | |
| Support costs | ||
| Management | ||
| Insurance | 415 | 415 |
| Postage and stationery | 208 | 231 |
| Sundries | 376 | 1,281 |
| 999 | 1,927 | |
| Finance | ||
| Investment charges | 7,197 | 6,513 |
| Governance costs | ||
| Auditors' remuneration | 918 | 870 |
| Total resources expended | 36,183 | 44,119 |
| Net income/(expenditure) before gains | ||
| and losses | 5,625 | (7,059) |
This page does not form part of the statutory financial statements
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THE BULL TERRIER (UK) WELFARE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset | ||
| investments | 81,252 | (17,443) |
| Net income/(expenditure) | 86,877 | (24,502) |
This page does not form part of the statutory financial statements
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