2024-03-31-accounts - SARA Ann Prosser Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Saving And Rehoming Animals The Ann Prosser Foundation

UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED 31[ST] MARCH 2024

REGISTERED CHARITY: 1051037

Trustees Annual Report of SARA The Ann Prosser Foundation for the year ended 31st March 2024

Registration and Constitution

SARA is a registered charity (1051037) operating mainly in the area of Redcar and Cleveland. It exists as an Association. Its governance is outlined in a constitution which was adopted on 5[th] of July 1995 and the charity was registered on 27[th] November 1995.

Objectives and Activities

The purpose of the charity is to provide the relief of suffering and distress among animals and the care and protection of any animal who has need of this by reason of sickness, maltreatment or neglect. This is carried out in many ways which are deemed charitable in law. In addition, the charity seeks the advancement of the education of the public in the ways in which to achieve the above and in other matters of general animal welfare.

Public Benefit

The charity’s trustees are satisfied that they fully comply with the requirements of the Charities Act 2006 with regard to public benefit.

SARA seeks to rehome as many animals as it can. Rescued animals are cared for at its animal sanctuary in Redcar. Volunteers also provide fostering care in their own homes if necessary. Rehoming is done with great care, visiting prospective new owners and providing advice and inspection services. Adopters are asked to make a contribution towards the costs of the charity incurred in the welfare of the animals.

SARA obtains veterinary care on behalf of animals in foster care as well as for animals in its own premises. We also offer support in providing necessary veterinary care for adopted animals with certain pre-existing conditions. SARA also undertakes training with dogs in preparation for rehoming.

Trustees and volunteers also work alongside other charities with similar aims and provide educational visits and talks to schools, libraries, local associations and church groups when requested.

Achievements and Performance

Sadly, this year the ongoing cost of living crisis continues to affect people’s ability to care for their animals with a corresponding increase in the number seeking to rehome their loved pets. At times SARA has been unable to meet the demand and have had to turn away many animals, particularly cats. Currently we have a huge waiting list for cats although we respond as quickly as we can.

We continue to have six staff, four full-time and two part time, who do an excellent job at keeping the sanctuary operating in sometimes quite challenging circumstances. We have always supplied their uniforms and this year we have agreed to a footwear allowance as they go through a lot of shoe leather in their twice daily walks as well as all the other work they do. We also purchased a new van as the other was giving us problems.

Our shop and cafe continue to go from strength to strength with many new and regular customers. We are also blessed with wonderful supporters who make generous donations of their time as well as goods and baking. People coming to the shop for the first time are often amazed by the variety of goods on offer and many cafe regulars come especially for their favourite cakes baked by our lovely volunteers

Our Fundraising and Publicity trustee Joy, continues in her outreach and education work with schools and various social groups. Over the last year she has had many business employees on charity days on which they have undertaken some specific projects for which their companies have provided the materials.

Our staff again organised our Fun Dog Show which was a great success. To offset a previous summer problem of overheating in the catteries, we found a company which applied tints to the glass as well as some coating for the roofs. At the same time we purchased some ‘sail’ type blinds for the outside of the buildings which altogether made a considerable difference to the temperature in the catteries.

SARA also continues to maintain the land and farm buildings and make improvements to the animals’ comfort and wellbeing. We have now provided an exercise pen for the rabbits furnished with toys and tunnels and a second ‘catio’ is planned to allow more cats outdoor exercise. We have also improved the drainage near the Arundel building and plan for further such work as the fields are prone to flooding.

SARA to date has prepared its accounts using the receipts and payments method as permitted under the Charities Act 2015. This year our gross income is £437,396 over twelve months, which exceeds our costs. In the coming year the charity plans to invest in further improvements and to maintain its building assets.

The charity continues to be able to support its activities through the generosity of supporters by donations, endowments and bequests which indicate that the charity is solvent. Cash and near cash resources currently exceed one year’s turnover.

Reserves Policy

The charity normally maintains limited general reserves, and these are to be applied to support and maintain the development of the sanctuary and to ensure financial security. At present, SARA holds substantial reserves owing to generous donations through bequests.

Volunteers

Volunteers make a significant contribution by caring for animals and being involved in fundraising activities and administrative duties. Volunteers receive appropriate guidance and training from full-time staff. Volunteer numbers have recently improved considerably in all areas of animal care and gardening. The only areas which are still in need of more volunteers are the Shop and Cafe.

Structure. Governance and Management

SARA is governed by a board of trustees operating under the constitution. Trustees are elected at the Charity’s annual meeting and are normally appointed for one year at a time. The charity owns premises in Redcar which are used as an animal sanctuary.

The charity employs a farm manager and assistants who, in addition to maintaining the sanctuary, direct and guide the activities carried out by volunteers at the sanctuary. The charity has policies and procedures relating to its current principal activity which is the rescue, rehabilitation and rehoming of dogs, cats and rabbits. These activities are the responsibility of staff and designated re-homers.

The trustees maintain several policies to ensure effective governance and to demonstrate probity. The policies are provided to new trustees on election.

The trustees review risks on a regular basis and have developed stronger planning procedures to ensure that resources are available to support the development and operation of the animal sanctuary. The major operational risk is the uncertainty of income arising from economic difficulties. The trustees maintain a reasonable balance to reduce risk in this area, and constantly seek, and attract, donations and bequests.

Administrative Information

The current trustees are set out below:

Ruth Sudron	Chairperson	Joy King-Lane
Eileen Herd	Treasurer	Christine Anne Westwood
Amanda Morris	Secretary	Barbara Jordan
John Sudron		Shelia Green
Susan Cox		Karen Grylls
Margaret Caddy

The charity is based at

Foxrush Farm, Kirkleatham Lane, Redcar TS10 5NJ and can be contacted by telephone during office hours on 01642 488108.

Eileen Herd Treasurer 21/07/24

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION YEAR ENDED 31[ST] MARCH 2024

Independent Examiner's Report to the Trustees of Saving and Rehoming Animals The Ann Prosser Foundation

I report on the accounts of the charity for the year ended 31[st] March 2024 which are set out on pages 5 to 12.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Certified Accountants.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

1 which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr J Gresham FCCA Gresham and Gale

14 Fountain Street Guisborough TS14 6PP

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31[ST] MARCH 2024

				2024	2023
		Unrestricted	Restricted	Total	Total
	Note	Funds	Funds	Funds	Funds
		£	£	£	£
Income and endowments
Donations and legacies	4	578,573	-	578,573	337,887
Charitable activities	5	96,903	-	96,903	97,428
Investment income	6	8,464	-	8,464	2,081
		──────	──────	──────	──────
TOTAL INCOME		683,940	-	683,940	437,396
		════	════	════	════
EXPENDITURE
On charitable activities	7	268,495	-	268,495	310,945
		──────	──────	──────	──────
TOTAL EXPENDITURE		268,495	-	268,495	310,945
		════	════	════	════
Net income/(expenditure)		415,445	-	415,445	126,451
Transfer		-	-	-	-
Fund balances brought forward		1,014,901	-	1,014,901	888,450
		──────	──────	──────	──────
Fund balances carried forward		1,430,346	-	1,430,346	1,014,901
		════	════	════	════

The notes on pages 6 to 11 form part of these accounts.

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION

BALANCE SHEET

AS AT 31[ST] MARCH 2024

			2024		2023
		£	£	£	£
FIXED ASSETS	11		537,318		530,984
CURRENT ASSETS
Debtors and prepayments		-		-
Cash at bank and in hand		896,097		485,573
		______		______
		896,097		485,573
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR	13	3,069		1,656
		─────		─────
NET CURRENT ASSETS	14		893,028		483,917
			──────		──────
NET ASSETS			1,430,346		1,014,901
			════		════
FUNDS OF THE CHARITY
Restricted funds			-		-
Unrestricted funds			1,430,346		1,014,901
			──────		──────
TOTAL CHARITY FUNDS			1,430,346		1,014,901
			════		════

These financial statements were approved by the board of trustees and authorised for issue on 29 July 2024, and are signed on behalf of the board by

E Herd Trustee 03/09/2024

The notes on pages 6 to 11 form part of these accounts

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

1. General information

The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is Foxrush Farm, Kirkleatham Lane, Redcar TS10 5NJ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charites Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity’s ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

3. ACCOUNTING POLICIES (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Income from donations or grants is recognised when there is evidence of entitlement to gift, receipt is probable, and its amount can be measured reliably.
Legacy income is recognised when receipt is probable, and entitlement is established.
Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities and the sale of donated goods.
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible fixed assets

Tangible assets are initially record at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

3. ACCOUNTING POLICIES (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure with the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 20% straight line Motor vehicles - 20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each rereporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purpose of impairment testing, when it is not possible to est8imate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Donations and legacies

. Donations and legacies
			2024	2023
	Unrestricted	Restricted	Total	Total
	£	£	£	£
Donations
Donations	578,573	-	578,573	337,887
Endowments and Bequests	-	-	-	-
	_____	_____	_____	_____
	578,573 _____	- _____	578,573 _____	337,887 _____

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

5. Charitable activities

5.	Charitable activities
							2024	2023
		Unrestricted		Restricted			Total	Total
			£		£		£	£
	Animal re-homing;
	Cats	11,180			-		11,180	7,770
	Dogs	7,230			-		7,230	8,108
	Shop	77,232			-		77,232	78,718
	Membership		425		-		425	545
	Tins		836		-		836	1,437
	Sundry		-		-		-	850
		_____			_____		_____	_____
		96,903			-		96,903	97,428
		_____			_____		_____	_____
6.	Investment income
							2024	2023
		Unrestricted		Restricted			Total	Total
			£		£		£	£
	Bank interest receivable	8,464			-		8,464	2,081
		_____			_____		_____	_____
		8,464			-		8,464	2,081
		_____			_____		_____	_____
7.	Expenditure on charitable activities by activity type
				Charitable	Governance		2024	2023
				Activities		Costs	Total	Total
				£		£	£	£
	Sanctuary and employee costs			156,719		-	156,719	136,339
	Vet fees			59,491		-	59,491	49,404
	Insurance			5,002		-	5,002	4,074
	Stationery and Meeting Costs			230		-	230	253
	Mileage			940		-	940	1,460
	Animal costs			8,881		-	8,881	9,707
	Postage			268		-	268	276
	Maintenance and repairs			23,871		-	23,871	51,788
	Miscellaneous			2,395		-	2,395	1,672
	Shop			109		-	109	824
	Depreciation			4,656		-	4,656	49,654
	Independent Examiners Fee			-		840	840	840
	Advertising			900		-	900	710
	Café			4,193		-	4,193	3,944
				______	______		______	______
				267,655		840	268,495	310,945
				______	______		______	______
8.	Independent examination fees
					2024		2023
					£		£
	Independent Examiner’s Fee				840 ______		840 ______

10 -

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023

9. Staff costs

The total staff costs and employee benefits for the reporting period are anaylsed as follows:

	2024	2023
	£	£
Wages and Salaries	124,024	115,980
	════	════

The average number of employees during the year was 6 (2023: 6).

No employee received employee benefits of more than £60,000 during the year (2023: Nil)

10. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

11. TANGIBLE FIXED ASSETS	Motor	Fixtures &	Land &
	Vehicles	Fittings	Buildings	Total
	£	£	£	£
COST
At 1stApril 2023		381,753	525,053	906,806
Additions	10,990	-	-	10,990
	______	______	______	______
At 31stMarch 2024	10,990	381,753	525,053	917,796
	═════	═════	═════	════
DEPRECIATION
At 1stApril 2023		375,822	-	375,822
Charge for the year	2,198	2,458	-	4,656
	______	______	______	______
At 31stMarch 2024	2,198	378,280	-	380,478
	════	═════	═════	═════
NET BOOK VALUE
At 31stMarch 2024	8,792	3,473	525,053	537,318
	═════	═════	═════	═════
At 31stMarch 2023	-	5,931	525,053	530,984
	═════	═════	═════	═════

11 -

SAVING AND REHOMING ANIMALS THE ANN PROSSER FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023

12. Debtors

12.	Debtors
		2024	2023
		£	£
	Prepayments and accrued income	-	-
		────	────
		-	-
		════	════
13.	Creditors: Amounts falling due within one year
		2024	2023
		£	£
	Accruals	840	840
	Nest Pension	23	427
	Wages control account	16	16
	PAYE	2,190	373
		────	────
		3,069	1,656
		════	════

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

			2024
	Unrestricted	Restricted	Total
	Funds	Funds	Funds
	£	£	£
Current Assets	896,097	-	896,097
Current Liabilities	(3,069)	-	(3,069)
	─────	─────	─────
	893,028	-	893,028
	════	════	════

12 -