LABRADOR RESCUE SOUTH EAST
Annual Report & Statement Of Accounts Year Ended 31[st] March 2023 Registered Charity No: 1059122
Registered Office: 5 Deane Croft Road, Eastcote, Pinner, Middlesex, HA5 1SS 020 8868 2756
LABRADOR RESCUE SOUTH EAST & CENTRAL Also known as LABRADOR RESCUE SOUTH EAST
ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] March 2023
CONTENTS
Page:
- 3 Trustees Report 6 Independent Examiner’s Report 7 Receipts and Payments Report 8 Statement of Assets & Liabilities
Registered Office:
5 Deane Croft Road Eastcote Pinner Middlesex HA5 1SS
Patrons:
Bryony Hill Allen Parton Mrs Robin Wise
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 2023
The Trustees present their report for the year ended 31[st] March 2023
The Trustees during the year were:
Margaret Stocks John Nutkins Sheila Stevens Susanna Wiles Richard Best BVetMed MRCVS Mark Middleton-Smith Mark Dyer Fiona Miller Joy Carney David Cooper (Resigned 31st January 2022) Mindy Randell (Resigned 13th August 2021)
Labrador Rescue is a Registered Charity No 1059122
OBJECTIVES OF LABRADOR RESCUE SOUTH EAST
- 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.
2. 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
3. To ensure that those Labrador Retrievers that are re-homed are placed into suitable permanent homes so as to ensure their future wellbeing 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 2023
Labrador Rescue South East and Central reaches its 27[th] 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 2022/23 the charity placed 94 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 65 dogs that currently benefit from the Welfare Fund. Increasingly the charity is being asked to assist with the on-going 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 and their costs. This year we have seen the number of dogs on our welfare list reduce with several notable dogs that have become stars within the charity reaching the end of their journey with us,
The Trustees anticipate that with the current climate of increased costs that more dogs will be presented to the charity for rehoming due to economic need and we have seen in the past year an increase in the dogs presented to the charity due to veterinary costs.
Our hard working volunteers have been dealing with more younger dogs presenting to the charity with on-going medical and surgical problems and challenging behavioural issues and we have been seeking out additional assistance with making behavioural assessments and undertaking suitable training.
Richard Best BVetMed MRCVS
Chairman of Trustees
3
FINANCIAL REPORT FOR YEAR ENDED 31[st] MARCH 2023
Labrador Rescue South East and Central continues in a strong financial position thus ensuring that it can fulfil its obligations in the rehoming and care, including medical conditions, where appropriate for Labradors.
Income for the year has fallen by £54,000 from 2021/2022. The principal reason for this is fewer Legacies received by the charity during the year. Other income streams have also reduced during the year and can possibly be attributed to the sharp rise in inflation and other costs placing more pressure on personal disposable income.
As expected income from Fundraising Activities has also reduced by £5,000, although an increase has been seen in rehoming fees which reflects in an increase in the number of Labradors being referred to the charity.
Costs have risen by £8,000 primarily as a result of an increase in veterinary and kennelling costs, which is reflected in the rise in the number of Labradors coming to the charity.
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.
Under the Charity’s Trust Deed Trustees engaged in a profession may charge appropriate Fees if instructed by the other Trustees. One Trustee received modest fees for professional work from time to time.
Investment Policy and Objectives
Investments are held and managed by a Nominee. The portfolio is invested in ethical and environmental companies and is of 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 rise.
Reserves Policy
The charity relies on donations from many sources but these are all voluntary. Legacies are also an important part of this but cannot be relied upon as a regular source of income. The Trustees are aware of the importance to hold reserves to ensure that the charity’s obligations and objectives can be met in the event of a downturn in income.
Reserves at the end of the year represent money that is freely available and not Restricted Funds as these are expended at the end of each 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 March 2023 and this will be £63,000 for the coming financial year. These funds are currently lodged with Scottish Widows Bank. This will be reviewed on an annual basis especially as the number of dogs is increasing and the inevitable impact of inflation will have on our cost base.
4
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
Labrador Rescue South East and Central remains in a strong financial position and as such is well placed to meet its obligations and objectives.
John Nutkins Treasurer
. STRUCTURE, GOVERNANCE AND MANAGEMENT FOR THE YEAR ENDED 31[ST] MARCH 2023
The Governing Document of Labrador Rescue South East and Central is by way of a Trust Deed date 5[th] September 2007.
The Charity is constituted by this Deed and is manages by the Trustees in the name of Labrador Rescue South East and Central.
In selecting person to be appointed as Trustees the Trustees shall take into account the benefits of appointing a person who through residence occupation employment nor otherwise has special knowledge of the area of benefit or who is otherwise by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the Object 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, Hon Treasurer
15th October 2023
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 2023
I report to the charity trustees on my examination of the accounts for the year ended 31 March 2023 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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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
15[th] October 2023
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CC Receipts & Payments Report
Charity name: Labrador Rescue South East & Central
Charity number: 1059122
For the period from 01/04/2022 to 31/03/2023
Receipts and payments
| Unrestricted | Restricted funds | Endowment | Total funds | Last year | ||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Voluntary Receipts | 20,568 | 4,632 | 0 | 25,200 | 33,462 | |
| Legacies | 16,500 | 0 | 0 | 16,500 | 69,794 | |
| Fundraising Activities | 8,450 | 0 | 0 | 8,450 | 13,628 | |
| Investments | 3,695 | 178 | 0 | 3,873 | 554 | |
| Charitable Activities | 32,292 | 1,206 | 0 | 33,498 | 23,734 | |
| Other Receipts | 0 | 0 | 0 | 0 | 0 | |
| 81,505 | 6,016 | 0 | 87,521 | 141,172 | ||
| Asset and Investment sales etc | 0 | 0 | 0 | 0 | 0 | |
| Total receipts | 81,505 | 6,016 | 0 | 87,521 | 141,172 | |
| Payments | ||||||
| Administration Costs | 5,074 | 0 | 0 | 5,074 | 4,503 | |
| Fundraising Costs | 2,454 | 0 | 0 | 2,454 | 3,404 | |
| Charitable Activities Costs | 31,815 | 24,473 | 0 | 56,288 | 46,214 | |
| Independent Examination Costs | 550 | 0 | 0 | 550 | 560 | |
| Governance Costs | 77 | 0 | 0 | 77 | 418 | |
| 39,970 | 24,473 | 0 | 64,443 | 55,099 | ||
| Assets and investments gains/losses | 0 | 0 | 0 | 0 | 0 | |
| Total payments | 39,970 | 24,473 | 0 | 64,443 | 55,099 | |
| Excess of receipts over payments | 41,535 | -18,457 | 0 | 23,078 | 86,073 | |
| Transfers between Funds | -18,458 | 18,458 | 0 | 0 | 0 | |
| Cash Funds Last Year End | 602,617 | 0 | 0 | 602,617 | 516,544 | |
| Cash funds this year end | 625,694 | 1 | 0 | 625,695 | 602,617 |
CC Statement of Assets & Liabilities
Charity name: Labrador Rescue South East & Central Charity number: 1059122
At the period ending 31/03/2023
| Unrestricted funds | Restricted funds | Endowment | |||
|---|---|---|---|---|---|
| Details | funds | ||||
| B1 | Cash funds | ||||
| CASH FUNDS | 625,694 | 0 | 0 | ||
| Total cash funds | 625,694 | 0 | 0 | ||
| Unrestricted funds | Restricted funds | Endowment | |||
| funds | |||||
| B2 | Other monetary assets | ||||
| OTHER MONETARY ASSETS | 2,006 | 55 | 0 | ||
| Funds to which asset | Cost (optional) | Current value | |||
| belongs | (optional) | ||||
| B3 | Investment assets | ||||
| INVESTMENT ASSETS | INVESTMENT | 42,901 | |||
| Funds to which asset | Cost (optional) | Current value | |||
| belongs | (optional) | ||||
| B4 | Assets retained for the charity's own use | ||||
| OFFICE EQUIPMENT | |||||
| STORAGE CONTAINER | |||||
| EQUIPMENT FUNDRAISING | |||||
| EQUIPMENT DOG REHOMIN | |||||
| Funds to which liability | Amount due | When due | |||
| relates | (optional) | (optional) | |||
| B5 | Liabilities | ||||
| LIABILITIES | General | 1,499 | |||
| LIABILITIES | Welfare | 1,085 |
John Nutkins Honorary Treasurer
15th October 2023