THE SU'SSEX PET RESCUE CHAIIITABLE TRUST (IncorporalLed by guarantee and not havin.g a share capital) ANINUAL REPORT YEAR END]￿D 31 OCTOBER 2024 REGIsTE5￿D NUMBER 2 983397 THE SUSSEX PET RESCUE CHAR."ITABLE TRUST (incoTorated by Guarantea and not having a share capital) REPPESENTATIVE CODIMITTEE The mernbers of the representatllTe c0￿Mittee who were in office on 31 October 2024 for the year were as follows: Of ficers: Chairman -FIon. Secretary E4rs M D A Harris Mrs C Do ggett Comnittee:_ MTS H Barnes rs K Tapper s P Hamblin REGISTERED OFFICE Oakdell Fryern Road Storrington West Sussex RH20 4BJ BANKERS HSBC 155 North Street Brighton East Sussex REGISTEERED NUMBER 298339 7 INDEX P2¥GE The representative Cornrrtittee, s Report InCo[￿e and Expenditure accounLt Balance Sheet Notes to the Accounts THE SUSSEX PET RESCUE CHARIT'ABLE TRUST (incorporated by Guarante• a.nd not having a share capital) REPORT OF TH£ REPR£SENTATIVE COI4MIITTEE The Representative cornmittee have pleasure in submitting the annual report and accounts for thE: year ended 31 October 2024. BUSINESS REVIEW The principal activities until 1st September 2023 comprised arranging adoption hornes for the last few dogs in fos ter homes, then providing help with the cost of veterinary treatrnent for owners struggling to rfteet the costs. From that point on, the principal activity has been supporting other small Sussex based animal charities Balance of accumulated fund at I blovember 2023 £1421363 The excess of Expenditure over irLC:orne for the year £ 175485 Balance of accuTrulated fund at I blovember 2024 £1245878 R8PRES£NTATIVE COMMITTEE The rtLembers of the representative committee who were in office on 31 October 2022 for the year were as follows: Of f icers: Chairznan Hon. Secretary rs M D A Harris Mrs C Dogciett Committee".- Mrs H Barnes E4rs K Tapper EJJS P HaEnblin UDITORS Special Resolution not to appoin t Auditors has been passed by the tnenthers. By Order of the Representative Committee. Mrs C Doggett IHon. Secretary) Dated. ILlI12g THE SUSSEX PET RESCUE CHARITABLE TRUST (incozporated by Guarantee and not having a share capital) INCOME AND LYPEIqDITURE ACCOTJN T YEAR ENDED 31 OCTOBER 2024 2024 2023 TURNOVER 18878 94853 Movement in investments 187149 1 139541 Adrninistration expenses 14188511 12986681 nterest teceivable 37339 30459 (SHORTFALL I EXCESS OF INCOME OVER EXPENDITURE 11754851 11873101 STATEMENT OF RETAINED £ARNINGS . Accumulated Fund at 31 October 202-3 1245878 1421363 THE SUSSEX PET RESCUE CHARITAB.'LE TRUST (incozporated by Guarantee and not having a Share Capital) BALANCE SHEET YEAR ENDED 31 OCTOBER 2024 Note 2024 2023 FIXED ASSETS Van & Equipment 3802 CURRENT ASSETS Investments Cash at Bank 1248311 1421054 1248312 1424096 CREOITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2434 2733 TOTAL ASSETS LESS CURRENT LIABILITIE:S 1245878 1421363 CAPITAL RESERVES 1245878 1421363 st For the year ended 31 October 2024, the Company was entitled to exemption from audit under section 477121 of the Co."mpanies Act 2006. The members have not required the co.'mpany to obtain an audit in accordance with section 476 of the Companies Act 200 6. The Directors acknowledge their resp onsibility for: il ensuring the Company keeps accounLting records which comply with S386,' and iilpreparing accounts which give a t.rue and fair view of the state of affairs of the Company as at the end of the finiancial year, and of its profit and loss for the financial year. in accordancé wi.th the requirements of S393 and which otherwise cornply with the requiremenLts the CO￿LpanieS Act relating to Accounts, so far as applicable to this Compans,. The Financial Statements were approv ed by the Board on tvJRS M HARRIS Ichairrnanl MRS C DOGG TT (Hon. Secretary) Dated. ILI I) Ig THE SUSSEX PET RESCUE CHARITAB:LE TRUST (incorporatad by Guarantee and not having a shara capital) NOTES TO THE ACCOUNTS YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES The following policyN which has been. consistently applied, is considered material in relation to t he company, s accounts. lal Basis of Accounting Accounts have been prepared under th e historical cost accounting rules set out in Schedule 4 Companie,'s Act 2006, as modified by current Cost Accounting for the trea"tWLent of Investments. CREDITORS: AMOUNTS FIiLLING DUE WITHIN ONE YEAR 2024 2023 Accruals 2434 2733 PLANT 2¥ND EQUIPMENT Equipment Total Cost At 01.11.23 Disposal Addition 12288 12 288 1103 13391 12288 At 31.10.24 1103 1103 DEPRECIATION At 01.11.23 Disposal Charge f or the Year 9.'247 9247 1102 10349 9247 At 31.10.24 1102 1102 NET BOOK VALUE At 31.10.24 At 31.10.23 3801 3802 THZ SUSSEX PET RESCUE CHARITABLE TRUS',T (incorporatéd by Guarantaé and not ha.ving a Shara Capital) NOTES TO ACCOUNTS CONTINUED CURRENT ASSETS 2024 2023 Bank Current Account United Trust Bank Co Funds 49708 74518 1124085 235208 37070 1148776 1248311 1421054 LEGACY Lost unexpected and generous legacy. was received during the 2001 year by Sussex Pet Rescue. 21fter due cons ideration by the Trustees it was decided that these funds would be used to sta.bilise the Charity's finances. Independent Financial advice was sought and paid for. The results were investments rnade to meet the dual aims of providing IncornLe and Capital Growth, with the Funds being accessible should normal Fund raising" activities fail to cover the Charity's primary aim costs. Subsequentlyi further legacies have t)een received, notably in 2007, 2009, 2011, 2017, 2020 and 2021 all of which havf: been subjected to the sarAe basic policy principals as those received in 2001. Despite receiving legacies in 2020 arid 2021, the irnpact of Covid on fundraising and donations resulted in legacy funcls being utilised during 2021 to support the charity, s principal aims. Unfortunat ely the cost of living Crisis and shortage of legacy income has subsequently mea nt that this has had to continue during the intervening years. The Trustees have elected to follow c'.urrent cost Accounting in respect of the Investrnent, annually declaring in the Profit and Loss Account, any gains or losses arising. During thè years sinco 2022 the Inconie from the funds has been used to assist in meeting the direct costs of the chari.ty. Until 1st September 2023 these involNTed paying for fostering and rehoTring the last few dogs, then meeting the cost of veterinary invoices generated as a result of directly assisting owners c)n benefits and in financial difficulty. Soffie support was tTraintained for City Cat Shelter during this period. Since then, City Cat Shelter, 2¥nn Cra ske Welfare Support Fund and Rosie's Register have very kindly helped with veterinary costs on our behalf for people in financial hardshipy ItLOSt of whom w.ere referred by their vets. Donations were also rnade to Sompting Wildlife Rescue. Lynne's Happy Retirernents la horse rescue charity). Worthing An imal Clinic, Barby Keel Animal Sanctuaryr PDSA Brighton Hospital, Garbo, s Germa n Shepherd Dog Rescue, K-9 Rescue Remedyy adars and East Sussex Wildlife Rescu e and Ambulance Service. The charity also contributed to the veterinary bills c)f Southern Sighthound Rescue, Eastbourne Rabbit and Guinea Pig Rescue, Help fc)r Hedgehogs and Hogs Wallow ConuTrunity Group. These donations have been rnade possikjle by the generous legacies received over the years. Further charities will be assessed with a view to receiving donations in the future, assuming funds are avcailable. The Trustees understand and accept that in the absence of substantial If:gacy income during the next few years, their support of other charities willL eventually have to cease. They have made the decision to continue with generoiis donations despite this. feeling that so any charities are experiencing challLenging times and need help now.