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2022-03-31-accounts

LABRADOR RESCUE SOUTH EAST AND CENTRAL

Annual Report & Statement Of Accounts Year Ended 31[st] March 2022

Registered Charity No: 1059122

Registered Office: 5 Deane Croft Road, Eastcote, Pinner, Middlesex, HA5 1SS Tel. 020 8868 2756

LABRADOR RESCUE SOUTH EAST AND CENTRAL The charity is also known by the name of LABRADOR RESCUE SOUTH EAST

ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] March 2022

CONTENTS

Page:

Registered Office:

5 Deane Croft Road Eastcote Pinner Middlesex HA5 1SS

Patrons:

The Lord Swinfen Bryony Hill Allen Parton & EJ Mrs Robin Wise

Registered Charity Number: 1059122

1

LABRADOR RESCUE SOUTH EAST

The charity is also known by the name of

LABRADOR RESCUE SOUTH EAST AND CENTRAL

TRUSTEES REPORT FOR THE YEAR ENDED 31[st ] March 2022

The Trustees present their report for the year ended 31[st] March 2022

The Trustees during the year, and since, were:

Richard Best B.Vet-Med. MRCVS Margaret Stocks David Cooper (Resigned 31[st] January 2022 John Nutkins Sheila Stevens Susanna Wiles Mark Middleton-Smith Mark Dyer Fiona Miller

OBJECTIVES OF LABRADOR RESCUE SOUTH EAST

  1. To provide a service to those members of the public who own a Labrador retriever or any dog of predominantly Labrador retriever origin or type. To recover, rehabilitate, where necessary and re-home any Labrador Retriever which has been ill-treated, neglected or is unwanted for whatever reason irrespective of the age, sex or health of the dog and to do all that is possible to ensure the welfare of such dogs regardless of circumstances

  2. To ensure that those Labrador Retrievers that are re-homed are placed into suitable permanent homes so as to ensure their future well-being and to keep in contact with such dog for the duration of their lives.

2

REVIEW OF PROGRESS FOR THE YEAR ENDED 31[st] MARCH 2022

LRSE&C reaches its 26th year of providing a service as a rehoming charity, assisting those who find they can no longer care for their Labrador to safely and effectively re-home their pet.

During 2021/2 the charity placed 73 Labradors in their new forever homes. The charity has for many years assisted in the costs of medical and surgical treatment for those animals that require treatment at the time of re-homing and with on-going care where this is necessary and we maintain a welfare fund specifically for this purpose.

The trustees are aware of the need to provide for the care of the 81 dogs that currently benefit from the welfare fund, increasingly the charity is being asked to assist with the ongoing costs of dogs with chronic medical and surgical problems and we are fortunate in our financial situation due to legacy bequests to the charity to be able to support these dogs in their costs.

Our hard-working volunteers have started to see an increase in caseload following the pandemic and we are starting to see more young dogs presenting to the charity with ongoing medical and surgical problems. There was a concern that this would be the case after the upsurge in demand for pups during the pandemic.

Richard Best BVetMed MRCVS

Chairman of Trustees

FINANCIAL REPORT FOR THE YEAR ENDED 31[st] MARCH 2022

As we move out of the COVID 19 pandemic we are beginning to see an increase in the number of dogs referred to us for re-homing. Regrettably a number require financial support from the Charity.

Our principal expenditure, as would be expected, relates to the re-homing and medical care for these dogs. In 2021/22 the total expenditure was £55,100 with £46,214 spent in the direct cost of providing assistance and re-homing. This figure represents 83% of our total expenditure and of this 64% (£29,510) was spent on dogs covered by our Welfare Scheme.

Administration costs have been maintained at the previous year’s level. The major factor in these expenses are IT and Website costs at £2,913 which represents 2% of our income with total Administration costs at 3% of income.

3

Our income is derived from many sources, last year this was £141,172 which was an increase on the previous financial year. This is reflected by an increase of £10,000 from Legacies. Also £13,000 from Adoption Fees reflecting the higher number of dogs coming to the charity since July 2021. Legacies in the last 2 years represented 50% of our total income. At 31[st] March 2022 the charity had cash reserves of £602.616 with an investment valued at £46,047.

All restricted funds received by Labrador Rescue South East and Central were expended during the year and used to support our Labradors covered by the Welfare Fund.

Investment Policy and Objectives

Investments are held and managed on our behalf by a Nominee. The portfolio is invested in ethical and environmental companies and is Medium Risk. It provides an annual income by way of dividends. The Trustees are aware that the value of the investment can fall as well as increase. The Investment fell by £700 between 31[st] March 2021 and 2022.

Reserves Policy

The charity relies on donations from many sources but these are all voluntary. Legacies also are an important part of this but cannot be relied upon for a regular source. The trustees are aware of the importance to hold reserves to ensure that the charity’s objectives can continue to be met in the event of a downturn in income for these sources.

Reserves at the end of the year represent money that is freely available and not Restricted Funds as these are expended by the end of the financial year.

It is considered that the charity should hold sufficient reserves to fund 12 months operation in the absence of income. Based on the expenditure for the year ended 31[st] March 2022 this will be £55,000. This will be reviewed on an annual basis especially as we are beginning to see an increase in dog numbers and with the inevitable impact inflation will have to our cost base.

Public Benefit

The Trustees confirm that they have followed the guidance given by the Charity Commission relating to Public Benefit when reviewing the Charity’s aims and objectives when taking the charity forward.

Overview

The Charity’s financial strength has increased thereby ensuring that Labrador Rescue South East and Central can continue to support those that need its help.

John Nutkins

Hon Treasurer

4

STRUCTURE, GOVERNANCE AND MANAGEMENT FOR THE YEAR ENDED 31ST MARCH 2022

The Governing document of Labrador Rescue South East And Central is by way of a Trust Deed dated 5[th] September 2007.

The Charity is constituted by this Deed and is managed by the Trustees in the name of Labrador Rescue South East And Central.

In selecting persons to be appointed as Trustees the Trustees shall take into account the benefits of appointing a person who through residence occupation employment or otherwise has special knowledge of the area of benefit or who is otherwise able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the Objects or the management of the Charity. If for any reason Trustees cannot be appointed in accordance with the foregoing provisions the statutory power of appointing new or additional Trustees shall be exercisable.

The attached financial statements show the current state of the finances which the Trustees consider to be sound.

The Charity’s main bankers are CAF Bank Ltd.

The Independent Examiner is Simon Erskine FCA FCIE DChA

Richard Best Chairman

John Arthur Nutkins Honorary Treasurer

On behalf of the Trustees

21st August 2022

5 INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

LABRADOR RESCUE SOUTH EAST AND CENTRAL

CHARITY NUMBER 1059122

For the year ended 31[st] March 2022

I report to the charity trustees on my examination of the accounts for the year ended 31 March 2022 which are set out on the annexed pages.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity’s 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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

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.

Simon Erskine FCA FCIE DChA

61 Mortimer Road London NW10 5QR

21st August 2022

5

Charity Commission Receipts and Payments Details

Page 1 of 2

Paxton

Charity no. 1059122

Labrador Rescue South East & Central

Printed: 05/08/2022

March 2022
A1 Voluntary Receipts
Collection Boxes
Donations received
Donations - Everyclick
Donations - Just Giving
Donations - Virgin Giving
Donations - PayPal
Donations - Payroll Giving
Donations - Kennels
Donations- Dogs Given Up
Donations - CAF
Donations - Amazon Smile
Donations - Funerals
Gift aid tax received
Recycling
Sponsor a Labrador
The Link - Friends of LRSEC
A1 Legacies
Legacies
A1 Fundraising Activities
500 Club
Calendar/Card Competition
Fundraising - General
Fundraising - Merchandise
A1 Investments
Interest received
Dividends
A1 Charitable Activities
Adoption Fees
Ins Com - Pet Plan
Ins Com - Others		 1,191
23,734
20,053
2,490
410
554
13,628
144
5,852
2,329
4,320
1,127
69,794
69,794
1,927
28,247
74
0
3,408
3,213
25
940
1,800
2,128
2,177
180
3,134
274
8,438
274
Unrestricted
256		 Restricted
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,215
0
2,654
0
750
0
0
0
0
0
180
95
0
1,536
0
0		 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Endowment
0		 1,191
23,734
20,053
2,490
410
554
13,628
144
5,852
2,329
4,320
1,127
69,794
69,794
1,927
33,463
74
2,654
3,408
3,963
25
940
1,800
2,128
2,177
360
3,229
274
9,974
274
Year Total
256		 Last Year
55
12,023
198
1,492
290
1,704
233
1,800
905
80
709
3,975
3,098
46
2,937
2,019
31,564
59,490
59,490
4,112
818
3,575
2,845
11,350
753
599
1,352
6,770
2,537
1,285
10,592

Page 2 of 2

Paxton

Charity no. 1059122 Labrador Rescue South East & Central

Printed: 05/08/2022

March 2022
A3 Administration Costs
Advertising
Miscellaneous Expenses
Newsletter Costs
Equipment - Admin
IT & Web Site Costs
A3 Fundraising Costs
Just Giving Fees
500 Club
Equipment
Fundraising Expenses
Stock Purchases
A3 Charitable Activities Costs
Dog Expenses
Dog Expenses - Foster
Foster Dog - Insurance Premium
Kenneling Costs
Mileage
Veterinary Costs
Veterinary Costs - Foster Dogs
Insurances
Repairs & maintenance
Telephone
Postage
Stationery
A3 Independent Examination Costs
Independent Examination
A3 Governance Costs
Trustees meeting expenses
Bank charges
Investments
A5 Transfers between Funds
Transfers between funds		 Unrestricted
24,295
418
24,295
97
175
560
146
16,704
560
53
105
200
268
0
922
2,903
2,326
0
9,913
14
0
654
3,404
135
245
216
2,154
2,913
4,504
946
0
523
122		 Restricted
-24,295
0
-24,295
0
0
0
0
29,510
0
0
0
0
0
27,032
0
43
0
1,102
0
0
1,333
0
0
0
0
0
0
0
0
0
0
0
0		 Endowment
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Year Total
0
418
0
97
175
560
146
46,214
560
53
105
200
268
27,032
922
2,946
2,326
1,102
9,913
14
1,333
654
3,404
135
245
216
2,154
2,913
4,504
946
0
523
122		 Last Year
380
880
853
60
2,620
4,793
216
2,030
148
219
617
3,230
246
1,298
2,612
4,946
1,442
3,424
35,088
965
0
284
134
66
50,505
500
500
0
69
78
147
0
0

CC Receipts & Payments Report

Charity name: Labrador Rescue South East & Central

Charity number: 1059122

For the period from 01/04/2021 to 31/03/2022

Receipts andpayments Receipts andpayments
Receipts
Voluntary Receipts
Legacies
Fundraising Activities
Investments
Charitable Activities
Other Receipts
Asset and Investment sales etc
Total receipts
Payments
Administration Costs
Fundraising Costs
Charitable Activities Costs
Independent Examination Costs
Governance Costs
Assets and investments gains/losses
Total payments
Excess of receipts over payments
Transfers between Funds
Cash Funds Last Year End
Cash funds this year end		 Unrestricted
funds
£
28,247
69,794
13,628
554
23,734
0
135,957
0
135,957
4,503
3,404
16,705
560
418
25,590
0
25,590
110,367
-24,295
516,544
602,616		 Restricted funds
£
5,215
0
0
0
0
0
5,215
0
5,215
0
0
29,510
0
0
29,510
0
29,510
-24,295
24,295
0
0		 Endowment
funds
£
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Total funds
£
33,462
69,794
13,628
554
23,734
0
141,172
0
141,172
4,503
3,404
46,215
560
418
55,100
0
55,100
86,072
0
516,544
602,616		 Last year
£
31,566
59,490
11,350
1,353
10,593
0
114,352
0
114,352
4,793
3,229
50,503
500
147
59,172
0
59,172
55,180
0
461,366
516,546

CC Statement of Assets & Liabilities

Charity name: Labrador Rescue South East & Central Charity number: 1059122

At the period ending 31/03/2022

Unrestricted funds Restricted funds Endowment
Details funds
B1 Cash funds
CASH FUNDS 602,617 0 0
Total cash funds 602,617 0 0
Unrestricted funds Restricted funds Endowment
funds
B2 Other monetary assets
OTHER MONETARY ASSETS 10,688 83 0
Funds to which asset belongs Cost (optional) Current value
(optional)
B3 Investment assets
INVESTMENT ASSETS INVESTMENT 46,047
Funds to which asset belongs Cost (optional) Current value
(optional)
B4 Assets retained for the charity's own use
OFFICE EQUIPMENT
STORAGE CONTAINER
EQUIPMENT FUNDRAISING
EQUIPMENT DOG REHOMING
Funds to which liability relates Amount due When due
(optional) (optional)
B5 Liabilities
LIABILITIES General 2,597
LIABILITIES Welfare 1,471

John Nutkins Honorary Treasurer 21st August 2022

C:\SE&Co\Clients\lab01 Labrador Rescue South East and Central\lab01 2022-folder 31.3.22 IE\lab01 Data from client\Independent Examination 2022 amended\CC Statement of Assets & Liabilities 2022

Printed: 20/08/2022