CHARITY REGISTERED NUMBER: 1045203
WEST OXFORD ANIMAL RESCUE
TRUSTEES' REPOST AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024
WEST OXFORD ANIMAL RESCUE
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 28 FEBRURY 2024
The Trustees present their report and the financial statement of the charity for the year ended 28 February 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS102) in preparing the annual report and financial statements of the charity.
Structure, Governance and Management
The charity is governed by its trust deed dated 5 March 1995. A board of trustees administers the charity.
Objectives and activities
The principal activities of the charity are to relieve the suffering of sick and abandoned animals. The charity also provides shelter and care for such animals until a suitable home can be found.
Financial review
The charity has a deficit of £10,736 in the year.
Continued ……
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WEST OXFORD ANIMAL RESCUE
FOR THE YEAR ENDED 28 FEBRURY 2024
I report to the charity trustees on my examination of the accounts of the charity for the year ended 28 February 2024.
Responsibilities and basis of report
As the charity trustees, 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 charity's 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 section 145 (5)(b) of the Act.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act. have not been met; or
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To which in my opinion, attention should be drawn in order to enable an understanding of the accounts to be reached.
Approved by the trustees on 31[st] January 2025 signed on its behalf by
Mr. Richard Harding
WEST OXFORD ANIMAL RESCUE
BALANCE SHEET AT 28 FEBRUARY 2024
| Tangible fixed asset Tangible asset 4 Current asset Debtors 5 Bank Account Creditors Amounts falling due within one year 6 Net current asset Total Asset Less current liabilities Net asset Capital fund Unrestricted fund Total fund |
19,600 5,867 |
2024 £ 2,699 23,987 26,686 26,686 26,686 26,686 |
19,000 8,705 |
2023 £ 11,916 25,505 |
|---|---|---|---|---|
| 25,467 1,480 |
27,705 2,200 |
|||
| 37,421 | ||||
| 37,421 | ||||
| 37,421 | ||||
| 37,421 |
These financial statements have been prepared in accordance with the Statement of Recommended Practice for Charities and the special provisions of FRS102A.
Approved by the trustees on 31[st] January 2025 and signed on its behalf.
Mr. Richard Harding
WEST OXFORD ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024
1. Accounting policies
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling pounds (£) which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to other activities on a basis consistent with use of the resources.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives on the following bases:
Motor vehicles 25% reducing balance basis Fixtures and fittings 20% reducing balance basis
2. Income and endowments
| Donations and legacies Charitable activities Total income and endowments |
2024 £ 17,672 40,195 57,867 |
2023 £ 10,287 35,780 |
|---|---|---|
| 46,067 |
WEST OXFORD ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 (continued)
| 3. Expenditures Charitable activities Other Total expenditures 4. Tangible Fixed asset Cost: At 1 March 2023 Additions Disposal At 28 February 2024 Depreciation: Accumulated depreciation at 1 March 2023 Depreciation charge for the year Accumulated depreciation of disposed fixed asset Accumulated depreciation at 28 February 2024 Net Book Value: At 28 February 2024 At 28 February 2023 5. Debtors Other debtors 6. Creditors Accruals |
2024 2023 £ £ 59,985 56,805 8,618 - 68,603 56,805 Motor vehicles Fixtures and fittings £ £ 21,600 33,671 - - 21,600 - - 33,671 13,057 30,297 - 675 13,057 - - 30,972 - 2,699 8,543 3,374 2024 2023 £ £ 19,600 19,000 2024 2023 £ £ 1,480 2200 |
2024 2023 £ £ 59,985 56,805 8,618 - 68,603 56,805 Motor vehicles Fixtures and fittings £ £ 21,600 33,671 - - 21,600 - - 33,671 13,057 30,297 - 675 13,057 - - 30,972 - 2,699 8,543 3,374 2024 2023 £ £ 19,600 19,000 2024 2023 £ £ 1,480 2200 |
2024 2023 £ £ 59,985 56,805 8,618 - 68,603 56,805 Motor vehicles Fixtures and fittings £ £ 21,600 33,671 - - 21,600 - - 33,671 13,057 30,297 - 675 13,057 - - 30,972 - 2,699 8,543 3,374 2024 2023 £ £ 19,600 19,000 2024 2023 £ £ 1,480 2200 |
|---|---|---|---|
| 33,671 | |||
| 30,297 675 - |
|||
| 30,972 | |||
| 2,699 | |||
| 3,374 | |||
| 2023 £ 19,000 |
|||
| 2023 £ 2200 |