REGISTERED CHARITY NUMBER: 1038286
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE BULL TERRIER (UK) WELFARE TRUST
Hewitt Card Limited Chartered Certified Accountants 70-72 Nottingham Road Mansfield Nottinghamshire NG18 1BN
THE BULL TERRIER (UK) WELFARE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024
| 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 | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
THE BULL TERRIER (UK) WELFARE TRUST
REPORT OF THE TRUSTEES for the year ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 raise funds for The Trust and wish to thank all that have helped us to achieve this over the years.
At the start of 2024 we had 18 bull terriers in our kennels that carried forward from 2023. In 2024, the following figures represent our activities:
| represent our activities: | ||
|---|---|---|
| Quarter 1 (Jan-March) | 10 came in | 15 went out |
| Quarter 2 (April-June) | 13 came in | 12 went out |
| Quarter 3 (July-Sept) | 7 came in | 6 went out |
| Quarter 4 (Oct-Dec) | 19 came in | 17 went out |
| Totals for 2024: | 49 came in | 50 went out |
Sadly, we needed to put 6 Bull Terriers to sleep.
This leaves us with 11 Bull Terriers in our kennels at the end of 2024.
The kennels used over the year remain the same as the previous year;
Chesterfield Kennels / South Kennels / Northern Ireland Kennels
During 2024, our main activities and achievements are the same as they always have been historically; we remain focused on assessing and re-homing the Bull Terriers that come into our care and we then match them to the best possible adoption homes, ensuring a forever home wherever we can.
We welcome all prospective new owners to apply either Online or directly with us, via completing an application form that is to be filled out and returned to us. We then proceed to arrange home checks via one of our trusted assessors, which has continued to work well over the years.
Fundraising activities
We attended The Bull Terrier Club Trophy Show where we had a table selling items and raising monies for The Bull Terrier (UK) Welfare Trust.
We also attended Crufts in 2024 where we continued to raise awareness of the Trust and all that we do for our breed.
We cannot appreciate more all those that help The Bull Terrier Club (UK) Welfare Trust - those of you that help us with donations, kennelling, transport, fostering and adoption - we would not be able to continue without you and we really do value all that you do for us and for all the wonderful Bull Terriers we endeavour to help have better lives.
Page 1
THE BULL TERRIER (UK) WELFARE TRUST
REPORT OF THE TRUSTEES for the year ended 31 December 2024
FINANCIAL REVIEW
Financial position
2024 was a good year for the trust even though we had 49 dogs come in throughout the year we still managed to rehome 50 dogs, and 6 had to sadly be put to sleep. We all knew that the number of dogs would start to increase, however we are very happy to say we rehome extremely quickly due to excellent team work. We would like to thank all our kennels and helpers; without you we wouldn't be able to take in and rehome so quickly and efficiently, getting these dogs into their forever homes.
Breakdown of expenditure for 2024
Kennelling Fees: £34,215.
Veterinary Fees and medicines: £19,574.
Transport: £811.
Printing, Postage and Stationery: £312
Insurance: £457.
Income Raised: £20,673
At the end of 2024 our Fixed Asset Investments (Share Portfolio with Rosemount) valuation was £1,015,819. Our cash at bank is £452,746 of which Scottish Widows holds just over £25,700. This gives us an overall reserve of £1,467,888.
Reserves policy
At the year end the charity had reserves amounting to £1,467,888. 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 Derbyshire DE55 5PS
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THE BULL TERRIER (UK) WELFARE TRUST
REPORT OF THE TRUSTEES for the year ended 31 December 2024
Trustees
For the year ending 31st December 2024 the following people were Managing Trustees: Chairperson: Tracey Fletcher Honorary Treasurer: Anna Blair Honorary Secretary: Rita Sinclair Angela Mackechnie Amanda Young Anita Smith
No other persons served as a Charity Trustee during this 2024 financial year.
The Managing Trustees have held 4 meetings this year.
Independent Examiner
Hewitt Card Limited Chartered Certified Accountants 70-72 Nottingham Road Mansfield Nottinghamshire NG18 1BN
Advisers
Rosemount Independent Financial Advisors Ltd of Romford, Essex manage our share portfolio.
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 22-04-2025
........................................................................ Mrs T J 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 2024.
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.
James Card
Hewitt Card Limited Chartered Certified Accountants 70-72 Nottingham Road Mansfield Nottinghamshire NG18 1BN
Date: .............................................
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THE BULL TERRIER (UK) WELFARE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds Charitable activities 4 Charitable activities Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.12.24 Unrestricted fund £ 20,673 908 11,361 32,942 133 65,967 66,100 59,115 25,957 1,441,931 1,467,888 |
31.12.23 Total funds £ 37,488 216 10,342 |
|---|---|---|
| 48,046 | ||
| 721 77,219 |
||
| 77,940 | ||
| 61,115 | ||
| 31,221 1,410,710 |
||
| 1,441,931 |
The notes form part of these financial statements
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THE BULL TERRIER (UK) WELFARE TRUST
STATEMENT OF FINANCIAL POSITION 31 December 2024
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Stocks 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
31.12.24 Unrestricted fund £ 1,015,819 278 452,746 453,024 (955) 452,069 1,467,888 1,467,888 1,467,888 1,467,888 |
31.12.23 Total funds £ 981,493 411 460,982 |
|---|---|---|
| 461,393 (955) |
||
| 460,438 | ||
| 1,441,931 | ||
| 1,441,931 | ||
| 1,441,931 | ||
| 1,441,931 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. T J 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 2024
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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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.
continued...
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THE BULL TERRIER (UK) WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
1. ACCOUNTING POLICIES - continued
Investments
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
| 31.12.24 | 31.12.23 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Shop income | 908 | 216 | |||
| 3. | INVESTMENT INCOME | ||||
| 31.12.24 | 31.12.23 | ||||
| £ | £ | ||||
| Investment income | 10,959 | 10,157 | |||
| Deposit account interest | 402 | 185 | |||
| 11,361 | 10,342 | ||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 5) | Totals | |||
| £ | £ | £ | |||
| Charitable activities | 54,600 | 11,367 | 65,967 | ||
| 5. | SUPPORT COSTS | ||||
| Governance | |||||
| Management | Finance | costs | Totals | ||
| £ | £ | £ | £ | ||
| Charitable activities | 2,643 | 7,464 | 1,260 | 11,367 | |
| 6. | INDEPENDENT EXAMINERS' REMUNERATION | ||||
| 31.12.24 | 31.12.23 | ||||
| £ | £ | ||||
| Independent examiners' remuneration | 1,260 | 955 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
continued...
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THE BULL TERRIER (UK) WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
8. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 January 2024 Additions Disposals Revaluations At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 There were no investment assets outside the UK. 9. STOCKS Stocks 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 32,942 TOTAL FUNDS 32,942 |
At 1.1.24 £ 1,441,931 1,441,931 Resources expended £ (66,100) (66,100) |
31.12.24 £ 278 31.12.24 £ 955 Net movement in funds £ 25,957 25,957 Gains and losses £ 59,115 59,115 |
Listed investments £ 981,493 22,948 (59,725) 71,103 1,015,819 1,015,819 981,493 31.12.23 £ 411 31.12.23 £ 955 At 31.12.24 £ 1,467,888 1,467,888 Movement in funds £ 25,957 25,957 |
|---|---|---|---|
continued...
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THE BULL TERRIER (UK) WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.23 £ Unrestricted funds General fund 1,410,710 TOTAL FUNDS 1,410,710 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 48,046 (77,940) TOTAL FUNDS 48,046 (77,940) |
Net movement in funds £ 31,221 31,221 Gains and losses £ 61,115 61,115 |
At 31.12.23 £ 1,441,931 1,441,931 Movement in funds £ 31,221 31,221 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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THE BULL TERRIER (UK) WELFARE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 20,673 | 16,493 |
| Legacies | - | 20,995 |
| 20,673 | 37,488 | |
| Other trading activities | ||
| Shop income | 908 | 216 |
| Investment income | ||
| Investment income | 10,959 | 10,157 |
| Deposit account interest | 402 | 185 |
| 11,361 | 10,342 | |
| Total incoming resources | 32,942 | 48,046 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 411 | - |
| Purchases | - | 1,132 |
| Closing stock | (278) | (411) |
| 133 | 721 | |
| Charitable activities | ||
| Boarding fees | 34,215 | 33,850 |
| Vet fees | 19,574 | 18,838 |
| Transport | 811 | 1,134 |
| Spanish dogs | - | 1,884 |
| Medivet Dartford | - | 7,000 |
| New Hope | - | 3,000 |
| 54,600 | 65,706 | |
| Support costs | ||
| Management | ||
| Insurance | 457 | 447 |
| Postage and stationery | 312 | 722 |
| Advertising | 461 | 344 |
| Sundries | 1,413 | 1,569 |
| 2,643 | 3,082 | |
| Finance | ||
| Investment charges | 7,464 | 7,037 |
| Information technology | ||
| Repairs and renewals | - | 439 |
| Governance costs | ||
| Independent examiners' remuneration | 1,260 | 955 |
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 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Total resources expended | 66,100 | 77,940 |
| Net expenditure before gains and losses | (33,158) | (29,894) |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset investments | 59,115 | 61,115 |
| Net income | 25,957 | 31,221 |
This page does not form part of the statutory financial statements
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