REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 WEST HATCH ANIMAL CENTRE FRIENDS GROUP (RSPCA) Charity Registration Number 1062697 Contents Page Trustees, report Independent Examiner's report statement of financial activities Balance sheet Notes to the accounts Detailed statement of financial activities 9-10
WEST HATCH ANIMAL CENTRE FRIENDS GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present thelr report with the financial statements of the charity for the year ended 31 August 2024 REFERENCE AND ADMINISTRATIVE DETAILS Charity registration number 1062697 Principal address West Hatch Animal Centre West Hatch Taunton Somerset TA3 5RT Trustses R Hill- Chairman S Walker- Treasurer Mrsj H1ll-Sectary Mrsj Ibb5 Mrs M Lidster-walker M J Benwell Mr5 D Benwell Ms R Buckley- Appointed 221612024 STRUCTURE. GOVERNANCE AND MANAGEMENT Constituon. objects and policies The Charitable Trust is tonstituted by Trust Deed. and its object5 are to further the charitable work of the Animal Establishment by making grants or providing SLtch other assistance to the Animal Establishment. Under the charities legislation in England, Wales and Scotland the advancement of animal welfare 15 recognised 35 a distinct statutory charitable purpose. However, under the legislation, charities are also required to demonstrate that the work they do benefits the public in some way. EnskJfi11 g.he welfa". c. of animaifts and rr&lieving the suffering of animals has benefits for society as a whole which is recognised in the passin8 of the Animal Welfare Acts. Recwitment and appoinljnent of new trusteos The trustees have served throughout the year, except where otherwise indicated. Appointment of trustees is governed by the constitution of the charity. The Board of Trustees is authori5ed to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. Trustees shall retire from office at the AGM but may be re-elected. Wider network The charity works closely with the staff of the RSPCA at West Hatch in order to provide for the Animal Establishment. Risk Management The trustees actively review the major risks which the charity faces on a regular basis and have also examined other operational and business risks faced by the charity. The trustees conf irm that they have e5tabli5hed systems to mitigate the signif icant risks. They would view the most likely risks to be for example false applications for animal care but the risks of this are mitigated as much as is practically possible by the charity. OBJECTIVES AND ACTIVITIES The aim of the charity is to improve the living conditions of domestic animals and wildlife In carrying out the activitie5 of the charity the Trustees have had regard to the guid3nce issued by the Charity Commission on public benefit. ADVISORS TO THE TRUST Bankers .' HSBC Bank Solicitors .' none appointed Investment Advisors .' Hawksmoor Investment Managers, Fitzwarren House. Queen Stet, Taunton, TAI 3UG
WEST HATCH ANIMAL CENTRE FRIENDS GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities The trustees consider that the performance of the charity this year has been satisfactory. There are no significant plans for the future, other than to continue to support the Animal E5tabli5hment. The aim of the charity is to support the work of the RSPCA Animal Centre focused on the welfare of the animals and animals adopted from the Centre and anything related thereto. FINANCIAL REVIEW Resgrv95 Pollcy We hold cash at bank and investments of £1,487,460, all of which is unrestricted funds. The trustees consider that the reserves held are sufficient to continue the support of the Animal Establishment in future years. Investmont policy and objectives The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity. The Trustees consider that the investment Strategy is of a conservative nature and are very happy with the performance thus far. STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the f inancial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accoijnting Practice (United Kingdom Accounting Standards and applicable lawl. The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the Surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to select 5Ultable accounting policies and then apply them consistentlv observe the metliods ana principles in the Cnariiy SONP make judgement5 and estimates that are reasonable and prudent prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the charity will continue in bu5ine55. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial Statements comply with the Charitie5 Act 2011, the Charity (Accounts and reports) Regulations 2008 and the provisions of the trust deed. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ON BEHALF OF THE BOARD: R Hill Chairman Trustee Date. i4-J2-2024
INDEPENDENT EXAMINER"S REPORT TO THE TRUSTEES OF WEST HATCH ANIMAL CENTRE FRIENDS GROUP I report on the accounts for the year ended 31 August 2024 set out on pages four to eight. Respective responsibilites of trustee5 and oxaminer The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under sertion 144121 of the Charities Act 2011 (the Charities Act) and that an independent examination is required. It is my responsibility to.. examine the accounts under Section 145 of the Charities Act to follow the procedures laid down in the General Directions of the Charity Commi55ion under Section 14515llbl of the Charities Act - and to state whether particular matters have come to my attention. Basis of the 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 15 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.. 11 which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the Charities Act,. ond to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met- or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. R Mugford FCCA Bray Accountants 21 Angel Hill Tiverton Devon EX16 6PE Date: 3rd December 2024
WEST HATCH ANIMAL CENTRE FRIENDS GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 Notes 2024 Unrestricted funds 2023 Unrestricted funds INCOME Income from generated funds Donations. legacies etc Investments 138,320 26,034 32,613 19,843 Total income EXPENDITURE Expenditure on raising funds Charitable activities 63,751 74,894 Total expenditure Net income (expenditure) before investment gains (losses) 100,603 -22,438 Net gains (losses) on investments 48,669 -29,549 TOTAL FUNDS BROUGHT FORWARD 1,347,131 1,399,118 TOTAL FUNDS CARRIED FORWARD 1,496,403 1,347,131
WEST HATCH ANIMAL CENTRE FRIENDS GROUP BALANCE SHEET 31ST AUGUST 2024 Note 2024 Unrestricted funds 2023 Total funds FIXED ASSETS Tangible assets 9,573 11,262 CURRENT ASSETS Cash at bank Investments 679,896 807,564 1,487,460 677,604 658,895 1,336,499 CREDITORS Amounts falling due within one year -630 -630 NET CURRENT ASSETS 1,486,830 1,335,869 NET ASSETS 1,496,403 1,347,1J1 FUNDS Unrestricted funds 1,496,403 1,347,131 TOTAL FUNDS 1,496,403 1,347,131 The financial statements were approved by the Board of Trustees on !¢tsl,,-&h-d were signed on its behalf by.. R Hill - Chairman - Trustee
WEST HATCH ANIMAL CENTRE FRIENDS GROUP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 1. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. 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 in the U K and Republic of Ireland IFRS 1021 leffective 1st January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and with the Charities Act 2011. The charity constitutes a public benefit entity under FRS 102 Income Income is included in the statement of financial activities when the charity becomes entitled to the income and the amount can be quantif led with reasonable accuracy. The income from fundraising ventures is shown gros5, Wlth associated costs included in resource5 expended. No permanent endowments have been received in the period. Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to this category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Assets Tangible fixed assets are depreciated on a reducing balance basis having regard to the useful lives of the assets. The rates used are as follows: Plant and machinery 15% on reducing balance Taxation The charity is exempt from tax on its charitable activities. Fund accounting U nrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purpose5 Wlthin the objects of the charity. Restrictions arise when Specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the note5 to the financial statements. Value Added Tax Value Added Tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Financial Activities.
WEST HATCH ANIMAL CENTRE FRIENDS GROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 2. DONATIONS, LEGACIES ETC Donations and gifts Gift aid Legacies Subscriptions- new members Subscriptions- renewals 2,107 180 133,448 790 1,795 3,157 190 27,160 786 1,320 138,320 32,613 3. INVESTMENTS Deposit account interest Dividends received 2,744 23.290 26,034 807 19,036 19,843 4. SUPPORT COSTS ALLOCATED TO CHARITABLE ACTIVITIES Finance Support costs Projects Totals Other resources expended 130 6,004 57,617 63,751 5. TRUSTEES" REMUNERATION AND BENEFITS There was no trustees. remuneration or other benefits for the year ended 31 August 2023 or for the year ended 31 August 2024. Trustees" Expenses During the year one trustee was reimbursed for direct charitable expenses incurred on behalf of the charity amounting to £4,58912023.' £1,619)
WEST HATCH ANIMAL CENTRE FRIENDS GROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 Plant and machinery Totals 6. TANGIBLE FIXED ASSETS COST At 1st September 2023 48,272 48,272 At 31st August 2024 DEPRECIATION At 1st September 2022 37,010 37,010 Charge for the year At 31st August 2023 1,689 1,689 NET BOOK VALUE At 31 August 2024 9,573 9,573 At 31 August 2023 11,262 11,262 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenditure 630 630 8. MOVEMENT IN FUNDS Net movement in funds At 1.9.23 At 31.8.24 Unrestricted funds General fund 1,347,131 149,272 1,496,403 TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming Resources Gains/losses resources expended on investments Movement in funds Unrestricted funds General fund 164,354 -63,751 48,669 149,272 TOTAL FUNDS 164,354 -63,751 48,669 149,272 N.B - there was a loss on investment of £29,549 during the year to 31.8.23
WEST HATCH ANIMAL CENTRE FRIENDS GROUP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 INCOME Donations, legacies etc Donations and gifts Gift aid Legacies Subscriptions new members Subscriptions renewals 2.107 180 133,448 790 1.795 3.157 190 27.160 786 1.320 138,320 32,613 Invostments Deposit account interest Dividends reGeived 2,744 23,290 26,034 807 19.036 19,843 Total income 164,354 52,456 EXPENDITURE Support costs Bank Gharges Postage, stationery and advertising Professional fees Depreciation - Plant and maGhinery 130 3,673 642 1,689 6.134 This page does not form part of the statutory financial ststements 139 2,107 660 1,988 4.894
WEST HATCH ANIMAL CENTRE FRIENDS GROUP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 Projects Domestic & Wildlife Animal behaviour training Vet fees 54,745 940 1,932 63,676 162 6,162 57.617 70,000 Total expenditure 63,751 74,894 Net income 100,603 -22,438 This page does not form part of the statutory financial statements 10