Basset Hound Rescue & Welfare
The Trustees Annual Report for the year ended 30 June 2023
We are an independent national charity with the aim of rescuing, or accepting into our care, any and all Basset Hounds, or dogs with Basset Hound characteristics, who have been abandoned, surrendered to us, or needing shelter and care, and ultimately being found a new loving home with owners familiar with the breed.
We achieve this with a nationwide network of experienced representatives, contacts and foster homes. Our agents can advise owners having difficulties with their dogs, and make every attempt to resolve issues so hound and owner can avoid the latter being re-homed.
Like many organisations, the past year has seen highs and lows for us. We have seen an increasing number of dogs being given up because of the ‘cost of living crisis’ – particularly old or sick hounds needing expensive veterinary treatment. The overall situation is exacerbated for owners by a disproportionate rise in veterinary fees. However, our area representatives continue to deal with each case with compassion and professionalism.
This year has seen the retirement of the last two of the five founding trustees who set up the charity in the 1990s. A no-mean achievement which they judiciously built upon, making us the first breed specific group to be granted charity status in 1997. Recognised by the Kennel Club, the Basset Hound Club and regional clubs, we are now in our 26[th] year of rescuing and re-homing Basset Hounds.
The charity operates on a firm financial foundation. Donations from our loyal supporters are a significant and valued source of income, as are the annual contributions of ‘ friends of Basset Hound Rescue & Welfare’ who receive a quarterly newsletter and the opportunity to join walks with their dogs at events throughout the country. Available to buy from our website, or by post, is a selection of quality memorabilia. Annually, we have a high-profile stand at Crufts, promoting the help we offer, marketing our memorabilia and connecting with the dog-owning public.
Looking forward, we plan to continue consolidating our position as a dedicated breed rescue, engaging with the public via our Facebook page, website and in person. In conclusion, the trustees, acknowledge and offer their sincere thanks to all our area representatives, contacts and foster carers for their unstinting hard work and dedication, and our loyal supporters for their fidelity and generosity.
REGISTERED CHARITY NUMBER: 1070388
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
FOR
BASSET HOUND WELFARE
Duncan & Toplis Limited 14 London Road Newark Nottinghamshire NG24 1TW
BASSET HOUND WELFARE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
BASSET HOUND WELFARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
The trustees present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims Charitable Objects
The principal object of the charity is the prevention of maltreatment and cruelty to Basset Hounds throughout Great Britain as set out in the Trust Deed.
Reserves Policy
The reserves policy is to maintain the amount of unrestricted funds at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
Investment Policy
The Investment Selection Policy is to identify low to medium risk arrangements with a view of achieving overall capital maintenance after inflation is taken into account.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In the year the charity continued to consolidate its position and become more widely known for its work. The main areas of activity were continued and expenditure on animal welfare maintained.
The Charity operates a website detailing the scope of its current activities, www.bassethoundwelfare.org
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Basset Hound Welfare is constituted under a trust deed dated 4th June 1998.
Trustees
Trustees are appointed by the Board of Trustees for life. Where there is a requirement for new trustees, they would be identified and appointed by the existing trustees.
Organisational Management
Volunteers provide active and ongoing support to Basset Hounds in need throughout Great Britain.
Public Benefit
When planning our activities for the year we have considered the Charity Commissions guidance on public benefit. We recognise that taking care of animals is an essential part of any civilisation . Preventing cruelty and promoting the welfare of animals increases compassion and humane instincts in society. All our charitable activities concentrate on promoting kindness for the public benefit. The ways we are achieving this are reflected within these statements and on our website www.bassethoundwelfare.org. We are recognised by all the basset hound breed clubs and are part of the Kennel Club Breed Rescue Scheme.
Grant Making Policy
The grant making policy is to make funds available in cases where the activities are concerned with welfare and care issues. Grants have to be approved by the trustees and can be afforded within the overall financial context. There is no overall set time limit and each activity is evaluated on its individual merits.
Risk management
The major risks to the charity are considered on a continuing basis, assurance measures can be put in place at short notice due to the relatively small number of personnel involved in direct decision making and implementation. In the year there were no risks that were seen to have made an impact on the operation of the Charity.
Page 1
BASSET HOUND WELFARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1070388
Principal address
Dean Croft 2 Dean Hall Lane Euxton Chorley Lancashire PR7 6ER
Trustees
Mrs M Bibby K Tennyson B Bugler
Independent Examiner
S Shaw FCCA Duncan & Toplis Limited 14 London Road Newark Nottinghamshire NG24 1TW
Approved by order of the board of trustees on 1 October 2024 and signed on its behalf by:
K Tennyson - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BASSET HOUND WELFARE
Independent examiner's report to the trustees of Basset Hound Welfare
I report to the charity trustees on my examination of the accounts of Basset Hound Welfare (the Trust) for the year ended 30 June 2023.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 material 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
S Shaw FCCA
Duncan & Toplis Limited 14 London Road Newark Nottinghamshire NG24 1TW
7 October 2024
Page 3
BASSET HOUND WELFARE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,991 Investment income 2 13,102 Total 26,093 EXPENDITURE ON Charitable activities Charitable activities 14,017 Other 6,347 Total 20,364 Net gains/(losses) on investments (18,265) NET INCOME/(EXPENDITURE) (12,536) RECONCILIATION OF FUNDS Total funds brought forward 727,800 TOTAL FUNDS CARRIED FORWARD 715,264 |
2022 Total funds £ 20,248 10,594 30,842 8,747 4,471 13,218 (69,607) (51,983) 779,783 727,800 |
|---|---|
The notes form part of these financial statements
Page 4
BASSET HOUND WELFARE
BALANCE SHEET 30 JUNE 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Stocks 5 2,667 Debtors 6 132 Investments 7 642,231 Cash at bank 79,133 724,163 CREDITORS Amounts falling due within one year 8 (8,899) NET CURRENT ASSETS 715,264 TOTAL ASSETS LESS CURRENT LIABILITIES 715,264 NET ASSETS 715,264 FUNDS 9 Unrestricted funds 715,264 TOTAL FUNDS 715,264 |
2022 Total funds £ 3,134 157 647,460 77,599 728,350 (550) 727,800 727,800 727,800 727,800 727,800 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 1 October 2024 and were signed on its behalf by:
K Tennyson - Trustee
The notes form part of these financial statements
Page 5
BASSET HOUND WELFARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within 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 notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Interest receivable Investment income |
2023 £ 66 13,036 13,102 |
2022 £ 5 10,589 |
| 10,594 |
continued...
Page 6
BASSET HOUND WELFARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
| Trustees' expenses | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Trustees' expenses | 737 | 748 | |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 20,248 | ||
| Investment income | 10,594 | ||
| Total | 30,842 | ||
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 8,747 | ||
| Other | 4,471 | ||
| Total | 13,218 | ||
| Net gains/(losses) on investments | (69,607) | ||
| NET INCOME/(EXPENDITURE) | (51,983) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 779,783 | ||
| TOTAL FUNDS CARRIED FORWARD | 727,800 | ||
| 5. | STOCKS | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Valuation | 2,667 | 3,134 |
continued...
Page 7
BASSET HOUND WELFARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CURRENT ASSET INVESTMENTS Listed investments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts owed to trustees Accrued expenses 9. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 26,093 TOTAL FUNDS 26,093 Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.7.22 £ 727,800 727,800 Resources expended £ (20,364) (20,364) At 1.7.21 £ 779,783 779,783 |
2023 £ 132 2023 £ 642,231 2023 £ 6,619 2,280 8,899 Net movement in funds £ (12,536) (12,536) Gains and losses £ (18,265) (18,265) Net movement in funds £ (51,983) (51,983) |
|
|---|---|---|---|
continued...
Page 8
BASSET HOUND WELFARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 30,842 TOTAL FUNDS 30,842 A current year 12 months and prior year 12 months combined position is as Unrestricted funds General fund TOTAL FUNDS |
Resources Gains and Movement expended losses in funds £ £ £ (13,218) (69,607) (51,983) (13,218) (69,607) (51,983) follows: Net movement At At 1.7.21 in funds 30.6.23 £ £ £ 779,783 (64,519) 715,264 779,783 (64,519) 715,264 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 56,935 | (33,582) | (87,872) | (64,519) |
| TOTAL FUNDS | 56,935 | (33,582) | (87,872) | (64,519) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2023.
Page 9
BASSET HOUND WELFARE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and Gifts | 5,322 | 2,740 |
| Friend's Donations | 4,866 | 3,585 |
| Bequests | - | 8,000 |
| Memorabilia | 2,803 | 5,923 |
| 12,991 | 20,248 | |
| Investment income | ||
| Interest receivable | 66 | 5 |
| Investment income | 13,036 | 10,589 |
| 13,102 | 10,594 | |
| Total incoming resources | 26,093 | 30,842 |
| EXPENDITURE | ||
| Charitable activities | ||
| Memorabilia direct costs | 2,906 | 2,348 |
| Vet fees | 10,095 | 5,695 |
| Kennel costs | 1,016 | 704 |
| 14,017 | 8,747 | |
| Support costs | ||
| Management | ||
| Insurance | 342 | 315 |
| Governance costs | ||
| Trustees' expenses | 737 | 748 |
| Representatives expenses | 532 | 341 |
| Meeting expenses | 50 | - |
| Administration | 76 | 304 |
| Show costs | 175 | 175 |
| Website costs | 90 | 432 |
| Friends of BHW | 2,065 | 1,606 |
| Independent examination | 840 | 550 |
| Accountancy and legal fees | 1,440 | - |
| 6,005 | 4,156 | |
| Total resources expended | 20,364 | 13,218 |
| Net income before gains and losses | 5,729 | 17,624 |
| Realised recognised gains and losses | ||
| Profit/(loss) on Investment revaluation | (18,265) | (69,607) |
| Net expenditure | (12,536) | (51,983) |
This page does not form part of the statutory financial statements
Page 10
REGISTERED CHARITY NUMBER: 1070388
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
FOR
BASSET HOUND WELFARE
Duncan & Toplis Limited 14 London Road Newark Nottinghamshire NG24 1TW
BASSET HOUND WELFARE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
BASSET HOUND WELFARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
The trustees present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims Charitable Objects
The principal object of the charity is the prevention of maltreatment and cruelty to Basset Hounds throughout Great Britain as set out in the Trust Deed.
Reserves Policy
The reserves policy is to maintain the amount of unrestricted funds at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
Investment Policy
The Investment Selection Policy is to identify low to medium risk arrangements with a view of achieving overall capital maintenance after inflation is taken into account.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In the year the charity continued to consolidate its position and become more widely known for its work. The main areas of activity were continued and expenditure on animal welfare maintained.
The Charity operates a website detailing the scope of its current activities, www.bassethoundwelfare.org
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Basset Hound Welfare is constituted under a trust deed dated 4th June 1998.
Trustees
Trustees are appointed by the Board of Trustees for life. Where there is a requirement for new trustees, they would be identified and appointed by the existing trustees.
Organisational Management
Volunteers provide active and ongoing support to Basset Hounds in need throughout Great Britain.
Public Benefit
When planning our activities for the year we have considered the Charity Commissions guidance on public benefit. We recognise that taking care of animals is an essential part of any civilisation . Preventing cruelty and promoting the welfare of animals increases compassion and humane instincts in society. All our charitable activities concentrate on promoting kindness for the public benefit. The ways we are achieving this are reflected within these statements and on our website www.bassethoundwelfare.org. We are recognised by all the basset hound breed clubs and are part of the Kennel Club Breed Rescue Scheme.
Grant Making Policy
The grant making policy is to make funds available in cases where the activities are concerned with welfare and care issues. Grants have to be approved by the trustees and can be afforded within the overall financial context. There is no overall set time limit and each activity is evaluated on its individual merits.
Risk management
The major risks to the charity are considered on a continuing basis, assurance measures can be put in place at short notice due to the relatively small number of personnel involved in direct decision making and implementation. In the year there were no risks that were seen to have made an impact on the operation of the Charity.
Page 1
BASSET HOUND WELFARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1070388
Principal address
Dean Croft 2 Dean Hall Lane Euxton Chorley Lancashire PR7 6ER
Trustees
Mrs M Bibby K Tennyson B Bugler
Independent Examiner
S Shaw FCCA Duncan & Toplis Limited 14 London Road Newark Nottinghamshire NG24 1TW
Approved by order of the board of trustees on 1 October 2024 and signed on its behalf by:
K Tennyson - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BASSET HOUND WELFARE
Independent examiner's report to the trustees of Basset Hound Welfare
I report to the charity trustees on my examination of the accounts of Basset Hound Welfare (the Trust) for the year ended 30 June 2023.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 material 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
S Shaw FCCA
Duncan & Toplis Limited 14 London Road Newark Nottinghamshire NG24 1TW
7 October 2024
Page 3
BASSET HOUND WELFARE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,991 Investment income 2 13,102 Total 26,093 EXPENDITURE ON Charitable activities Charitable activities 14,017 Other 6,347 Total 20,364 Net gains/(losses) on investments (18,265) NET INCOME/(EXPENDITURE) (12,536) RECONCILIATION OF FUNDS Total funds brought forward 727,800 TOTAL FUNDS CARRIED FORWARD 715,264 |
2022 Total funds £ 20,248 10,594 30,842 8,747 4,471 13,218 (69,607) (51,983) 779,783 727,800 |
|---|---|
The notes form part of these financial statements
Page 4
BASSET HOUND WELFARE
BALANCE SHEET 30 JUNE 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Stocks 5 2,667 Debtors 6 132 Investments 7 642,231 Cash at bank 79,133 724,163 CREDITORS Amounts falling due within one year 8 (8,899) NET CURRENT ASSETS 715,264 TOTAL ASSETS LESS CURRENT LIABILITIES 715,264 NET ASSETS 715,264 FUNDS 9 Unrestricted funds 715,264 TOTAL FUNDS 715,264 |
2022 Total funds £ 3,134 157 647,460 77,599 728,350 (550) 727,800 727,800 727,800 727,800 727,800 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 1 October 2024 and were signed on its behalf by:
K Tennyson - Trustee
The notes form part of these financial statements
Page 5
BASSET HOUND WELFARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within 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 notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Interest receivable Investment income |
2023 £ 66 13,036 13,102 |
2022 £ 5 10,589 |
| 10,594 |
continued...
Page 6
BASSET HOUND WELFARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
| Trustees' expenses | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Trustees' expenses | 737 | 748 | |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 20,248 | ||
| Investment income | 10,594 | ||
| Total | 30,842 | ||
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 8,747 | ||
| Other | 4,471 | ||
| Total | 13,218 | ||
| Net gains/(losses) on investments | (69,607) | ||
| NET INCOME/(EXPENDITURE) | (51,983) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 779,783 | ||
| TOTAL FUNDS CARRIED FORWARD | 727,800 | ||
| 5. | STOCKS | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Valuation | 2,667 | 3,134 |
continued...
Page 7
BASSET HOUND WELFARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CURRENT ASSET INVESTMENTS Listed investments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts owed to trustees Accrued expenses 9. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 26,093 TOTAL FUNDS 26,093 Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.7.22 £ 727,800 727,800 Resources expended £ (20,364) (20,364) At 1.7.21 £ 779,783 779,783 |
2023 £ 132 2023 £ 642,231 2023 £ 6,619 2,280 8,899 Net movement in funds £ (12,536) (12,536) Gains and losses £ (18,265) (18,265) Net movement in funds £ (51,983) (51,983) |
|
|---|---|---|---|
continued...
Page 8
BASSET HOUND WELFARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 30,842 TOTAL FUNDS 30,842 A current year 12 months and prior year 12 months combined position is as Unrestricted funds General fund TOTAL FUNDS |
Resources Gains and Movement expended losses in funds £ £ £ (13,218) (69,607) (51,983) (13,218) (69,607) (51,983) follows: Net movement At At 1.7.21 in funds 30.6.23 £ £ £ 779,783 (64,519) 715,264 779,783 (64,519) 715,264 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 56,935 | (33,582) | (87,872) | (64,519) |
| TOTAL FUNDS | 56,935 | (33,582) | (87,872) | (64,519) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2023.
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BASSET HOUND WELFARE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and Gifts | 5,322 | 2,740 |
| Friend's Donations | 4,866 | 3,585 |
| Bequests | - | 8,000 |
| Memorabilia | 2,803 | 5,923 |
| 12,991 | 20,248 | |
| Investment income | ||
| Interest receivable | 66 | 5 |
| Investment income | 13,036 | 10,589 |
| 13,102 | 10,594 | |
| Total incoming resources | 26,093 | 30,842 |
| EXPENDITURE | ||
| Charitable activities | ||
| Memorabilia direct costs | 2,906 | 2,348 |
| Vet fees | 10,095 | 5,695 |
| Kennel costs | 1,016 | 704 |
| 14,017 | 8,747 | |
| Support costs | ||
| Management | ||
| Insurance | 342 | 315 |
| Governance costs | ||
| Trustees' expenses | 737 | 748 |
| Representatives expenses | 532 | 341 |
| Meeting expenses | 50 | - |
| Administration | 76 | 304 |
| Show costs | 175 | 175 |
| Website costs | 90 | 432 |
| Friends of BHW | 2,065 | 1,606 |
| Independent examination | 840 | 550 |
| Accountancy and legal fees | 1,440 | - |
| 6,005 | 4,156 | |
| Total resources expended | 20,364 | 13,218 |
| Net income before gains and losses | 5,729 | 17,624 |
| Realised recognised gains and losses | ||
| Profit/(loss) on Investment revaluation | (18,265) | (69,607) |
| Net expenditure | (12,536) | (51,983) |
This page does not form part of the statutory financial statements
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