REGISTERED CHARITY NUMBER.. 1071884 SHROPSHIRE CAT RESCUE TRUSTEES. REPORT AND UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
SHROPSHIRE CAT RESCUE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Trustees' Repor | 2 | to3 |
| Independent Examiner's Repor | 4 | |
| Statement of Financial Activities | 5 | |
| Statement of Financial Position | 6 | |
| Notes to the Financial Statements | 7 | to12 |
SHROPSHIRE CAT RESCUE REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021 TRUSTEES D M Beaumont A Callahan-Page T Cross M Lloyd Mrs C Mason-morris (resigned 15.7.211 M Micklewright H Smith F O R Trillo (resigned 18.4.211 B McKay Iresigned 13.6.211 PRINCIPAL ADDRESS Windyridge Lyth Hill Road Bayston Hill Shrewsbury SY3 OAU REGISTERED CHARITY NUMBER 1071884 INDEPENDENT EXAMINER TCA Ishrewsburyl LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED Page 1
SHROPSHIRE CAT RESCUE TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their aceounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the charity are.. a the prevention of cruelly and relief of cats and kittens who are in need of care and allenlion by reason of their ill health or abandonment, in particular by the provision of care, veterinary treatment and the provision of homes., and b- the advancement of public education in the proper care of cats and kittens. Public benefit The Trustees have given due consideration lo the Charity Commissions, guidance on public benefit and are satisfied that the charity conslitules a public benefit entity as defined by FRS 102. ACHIEVEMENT AND PERFORMANCE Charitable activities Details of the activities have been set out in the attached Chairman's report. FINANCIAL REVIEW Financial position The charity has made a surplus of £227,g11 compared to £61,497 in the previous year, which was due to onsiderable donations and legacy income. The current year figure does include a £99,26612020." £33,663) increase in the market value of the investments, without which the accounts would show a £128,645 surplus. Reserves policy 11 is the policy of the charity to maintain unrestricted funds which are adequate to fulfil the objectives of the charity, subject to limitations placed on the use of funds which has resulted in reserves building up to the current level. Any surplus funds are held in investments or short term deposits to maintain the income levels for the future. The free reserves at the year end were £67,215 12020.. £159,217) made up of unrestricted funds, less designated funds, less fixed assets held. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. FUTURE PLANS Details of future plans have been sel out in the attached Chairman's report. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust dated 3rd August 1998 and conslitules an unincorporated charity. Page 2
SHR PSHI CAT RE TRUSTEES. REPORT HE YEAR ENDED 31 DECE FO STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultment and appolntment of n•w tru6toe$ The management of the charily 15 the responsibility of the Trustees who a elected and COwOPted und&r the temis ol the Artides of Association. Tho Trustees me81 on an ad-hoc basis to nSider issues. Day-104lay deeisSNn¢ in r81ation lo tha organisation and management of th$ charity aro de?It with by the Chairman. New TruslETVb are appolnted by the Trustees with reference to the np.8ds of the charity and the particular attributes of the individuals under considération. Inductlon and trainino of new Trustees is conductéd by thè Secrètary. Koy manag•M•nt romuneratlon The Trustees consider the Board of Truslpg.8 #s comprising the key management Pcrsonnel of the charity In charge of dlrecling and controlling the charity and running and operating the char¢ty on a day-to4ay basis. AI TNsl8es give of their tim8 fraely and no Trustga r9munoration or expenses wam paid in the Yr. TRU3TEE8' RESPONSIBILITY STATEMENT The trustees ara rasponsible for prèparing thè Tru8te86' Report and the financial statements In aGcL¥rdan(x with applicablo law and Unitod Kingdom Accounting Standards (United Kingdom Generally AGGepled Accounting Practice) including Financial Rewrting Standard 102 'Tho Financial Reporting Stsndard appllcable in the UK and Republic of Iro18n¢J" The law applicable to charities in England and WAl8s. the Charities Act 2011, Charity IAoGounts and R•portsl Règulations 2008 and the provisions of the Iru8t deed requires the Irublee5 to prepare flnancial 8ts1ements for fjach financial year which glve a true and fair view of the state of affairs of the etharty and of the Incoming resources and application of r•¢ourc89. ineluding the in¢omg ané expenditure. of the charity for th91 p8r¢od_ In pr•parir9 those financial stal¢monl$, the trustees aro required lo select suitable accountino poliriAs snd then apply them consi$tenUy', obserye the methods and pdnciples in the Charity SORP., make ju(Jgements and eslimaies that are reasonable and prud6nt- prepara the financial stalemenlg on the going con¢8rn basis unless it 18 in8ppropriat• to presume that the harity wlll continue in business. The Irusl&As ara responsible for ko&ping propor accounting re¢ord8 which disclose with reasonable accuracy at any time the finanGal position of (118 Lli4irily and to enable them io ensure that the financial slalements comply wtth the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of th8 trust deed. They aro also responsible for safeguardirtg the assets of the Gharity anij lienGg for laklng reasonable steps for the pventIOn and detection of fraud and other irregularities. Approved by order of Ihg board of trustees on .-. and sign8d on It5 b8half by: M Mick19wrlg Trustee Paoe 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES Of SHROPSHIRE CAT RESCUE Independent examinerfs report to the trustees of Shropshire Cat Rescue I report lo the charity trustees on my examination of the accounts of ShrDPShire Cat Rescue (the Trust) for the year ended 31 DK¢tnb¢r 2021. Responslbilitie> and basis of report As the charty trustees of ttte Trust you are responsible for the preparatK)n of the )Unts in )rdance with tho requirernenlg of the Charities Act 2011 I'the Act'l. 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 folknved all applicable Directsons given by the Charity Commissp)n under sectlon 14515llbl ol the Act. Independent examinèrfs statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l arn qualified to undertake the examinalh)n because l am a registered member of ICAEW whiGh one of the listed bLxlies. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause lo beIve that in any material respect.. acwunling records w8re not kept in respect of the Trust as requir by section 130 of the ACL or the accounts do not accord with those records., or the occounts do not ¢omply with th¢ appli¢able requirements concerning the forni and content of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts g tru• and fair vièw which is not a mattor considor9d as pgrt of an independent examination. I have n¢ ¢oncems and have come across no other matters in connection with the examination lo which allentlc•n should be Urawn In this rep)n in order io enable a proper understsnding of the accounts to be rtsaCh. C MoeWn•Wlliams, FCA Bsc ICAEW TCA IShrew3bury} LLP Third Floor 21 St Mary's Str1 Shrewsbury Shropshire SY11ED Date.. Page 4
SHROPSHIRE CAT RESCUE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 2021 Unreslri¢led funds 2020 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 207,574 90,253 Charltable actlvltles General Other trading activities Investment income Other income 32,726 91,507 16,434 1,146 32,123 50,463 3,259 Total 349,387 176,098 EXPENDITURE ON Charltable actlvltles General 220,742 148,264 Net gains on investments 99,266 33,663 NET INCOME 227,911 61,497 RECONCILIATION OF FUNDS Total funds brought forward 840,817 779,320 TOTAL FUNDS CARRIED FORWARD 1,068,728 840,817 CONTINUING OPERATIONS All income and expenditure has arisen from continuing aclivilies. The notes form part of these financial statements Page 5
SH SHIRE C TRES STATE ENT OF FINANCIAL 31 DECEMBER 2021 SITI 2021 2020 Unr•strtctgd fijnds Totgl funds Noles FIXED ASSETS Tangible aq<•ts Inv99tments 5,868 995.646 11,716 563.713 1.W1.514 575.429 CURRENT ASSETS Stocks Detstors Cash al bank and in hand 8(14 660 71.665 72,324 288.712 CREDITORS Amounts falling du8 within one year 10 {5,110) {1,324} NET CURRENT ASSETS 265,J88 TOTAL ASSETS LESS CURRENT UABILITIES 1,068,728 840.817 NET ASSETS 1.068,728 840.817 FUNDS Unr8strsclod fund$ 11 1 068,728 TOTAL FUNDS 1 068,728 Tho financial pAalem6nl8 wer• approvpd by th¥ Board of Trusie65 and authorised for Issue ¢)n and were signed on its behalf by: 6wright- Trustee The notes form part of tho80 financial stst8menl8 Page 6
SHROPSHIRE CAT RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 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 IFRS 1021 '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 IFRS 1021 (effective 1 January 20191,, 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. Flnanclal reportlng standard 102 - reduced dlsclosure exemptlons The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.: the requirements of Section 7 Statement of Cash Flows., the requirement of paragraph 3.17ldl', the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.481alliii}, 11.48lallivl, 11.48lbl and 11.48lcl, the requirements of paragraphs 12.26, 12.27, 12.291al, 12.29lbl and 12.29A', the requirement of paragraph 33.7. 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 reTrived 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 tmnsfer of economic benefits will be required in selllemenl 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 lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Taxatlon The charity is exempt from tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Reslricled funds can only be used for particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement bgnefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period lo which they relate. Page 7 continued...
SHROPSHIRE CAT RESCUE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 OTHER TRADING ACTIVITIES 2021 2020 Fundmising events Shop income Advertising Space Cal Litter Sales 13,022 78,149 1,393 943 49,758 705 91,507 50,463 INVESTMENT INCOME 2021 2020 Dividends received 16,434 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 Dember 2021 nor for the year ended 31 December 2020. Trustees, expenses There were no trustees, expenses paid for the year ended 31 Dember 2021 nor for the year ended 31 December 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled funds INCOME AND ENDOWMENTS FROM Donations and legacies 90,253 Charitsble activities Geneol Other trading activities Other income 32,123 50,463 3,259 Total 176,098 EXPENDITURE ON Charitable aetivities Geneml 148,264 Nel gains on investments 33,663 NET INCOME 61,497 Page 8 continued...
SHROPSHIRE CAT RESCUE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unreslricled funds RECONCILIATION OF FUNDS Total funds brought forward 779,320 TOTAL FUNDS CARRIED FORWARD 840,817 TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Totals COST Al 1 January 2021 Additions 85,978 443 769 86,747 443 At 31 December 2021 86,421 769 87,190 DEPRECIATION At 1 January 2021 Charge for year 74,777 5,776 254 515 75,031 6,291 At 31 December 2021 80,553 769 81,322 NET BOOK VALUE At 31 December 2021 5,868 5,868 At 31 December 2020 11,201 515 11,716 FIXED ASSET INVESTMENTS Cash and settlements pending Listed investments Totals MARKET VALUE At 1 January 2021 Additions Disposals Revaluations 559,353 394,872 167,3701 99,266 4,380 403,289 1398,1241 563,713 798,161 1465,4941 99,266 At 31 December 2021 986,121 995,646 NET BOOK VALUE At 31 December 2021 986,121 9,525 995,646 At 31 December 2020 559,353 4,380 563,713 There were no investment assets outside the UK. Page 9 continued...
SHROPSHIRE CAT RESCUE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 FIXED ASSET INVESTMENTS- continued Cost or valuation al 31 December 2021 is represented by". Cash and settlements pending Listed investments Totals Valuation in 2021 986,121 9,525 995,646 STOCKS 2021 2020 Stocks 804 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Prepayments and accrued income 659 10. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Accrued expenses 5,110 1,324 11. MOVEMENT IN FUNDS Nel movement in funds Transfers beeen funds Al 31.12.21 At1.1.21 Unrestricted funds General Fund 170,933 113,597 {211,4481 73,082 The Purr Project 669,884 114,314 211,448 995,646 840,817 227,911 1,068,728 TOTAL FUNDS 840,817 227,911 1,068,728 Page 10 continued...
SHROPSHIRE CAT RESCUE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 11. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above a as follows". Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General Fund 331,086 {217,4891 113,597 The Purr Project 18,301 99,266 114,314 349,387 220,7421 99,266 227,911 TOTAL FUNDS 349,387 220,7421 99,266 227,911 Comparatives for movement in funds Net Movement in funds At 31.12.20 At1.1.20 Unrestrlcted funds General Fund 147,232 23,701 170,933 The Purr Project 632,088 37,796 669,884 779,320 61,497 840,817 TOTAL FUNDS 779,320 61,497 840,817 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General Fund 171,965 {148,2641 23,701 The Purr Project 4,133 33,663 37,796 176,098 148,2641 33,663 61,497 TOTAL FUNDS 176098 148,2641 Page 11 continued...
SHROPSHIRE CAT RESCUE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 11. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows". Net movement in funds Transfers bètween funds At 31.12.21 At1.1.20 Unrestrlcted funds General Fund 147,232 137,298 {211,4481 73,082 The Purr Project 632,088 152,110 211,448 995,646 779,320 289,408 1,068,728 TOTAL FUNDS 779,320 289,408 1,068,728 A current year 12 months and prior year 12 months combined nel movement in funds, included in the at)ove are as follows." Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General Fund 503,051 {365,7531 137,298 The Purr Project 22,434 3,2531 132,929 152,110 525,485 369,0061 132,929 289,408 TOTAL FUNDS 525,486 369,0061 132,929 289,408 The PURR Project Fund IPlan for Ultimate Rescue Relocalionl is a designated fund, set up to fund the future relocation of the shelter. Over the past few years, donations received for this purpose, as well as excess unrestricted funds, have been transferred into an investment portfolio which now reflects the value of the fund. 12. RELATED PARTY DISCLOSURES During the year Trustees made donations to charity totalling £26512020.. £3001. During the period, payments of £1,322 were made lo R Micklewrighl, a close member of a trustee, in respect of Shelter Costs incurred during the year. Page 12
Shropshire Cat Rescue rescuing and rehomÉng cat5 since 1989 Registered Charity No.. 1071884 'Nurturing respect and compassion for life- Chairman's Report 2021 What we do Our charity is set up to offer shelter, veterinary care and ultimately new homes to cats, kittens and occasionally other small animals throughout Shropshire that have been abandoned or are no longer wanted by their owners. In addition, we offer the following: Reduced rate neutering vouchers for anyone that is struggling to afford the costs of neutering Full cost FIV/FELV blood tests, neutering and necessary veterinary aid for feral colonie5 and stray cats. The loaning of our traps to the public for the purpose of trap, neuter and returning to site. The loaning of large dog crates so that the public can provide cage rest for veterinary treated animals in their own home. Educational work experience placements for schools, colleges and universities Duke of Edinburgh volunteer placements Back to work confidence building programmes Volunteering opportunities Visits by contact groups who support the elderly who can spend time with our animals, reminisce and enjoy the company of our volunteers and animals.
Partnerships Wlth other organisation5 to provide a diverse public spectrum venue in the company of animals for social and educational visits. Our 2021 Achievements We continued to drive forward with commitment and determination despite the ongoing threats of Covid and lockdowns. Our PURR Project investment has yielded well and we have now surpassed our half way stage of £IM. We are now in a favourable position to push ahead with the project. We vacated our shop in Roushill Bank and relocated to 69 Mardol, Shrewsbury. A more prominent position in the town and amongst other high end charity shops with expectation of higher footfall and income. We employed two job share managers and remain highly dependant upon our volunteers for their help and support. In order to secure our previous objectives, we have invested in a marketing company to deliver a new website, new branding and marketing materials. Trustees Current: Marion Micklewright Chairman Dianne Beaumont Marg Lloyd Gift Aid Tracy Cross- Marketing and Fundraising Amy Callahan-Page - legal Helen Smith- HR Statistics We admitted 248 cats. Out ofthose, 76 were abandoned or strays, 29 were born on site, 11 were admitted due to their owners moving house and 32 were admitted due to the ill health of their owner. The busiest month of the year for Admissions was October. Busiest rehoming month was July and October. The maximum number of cats and kittens at the shelter at one time was 95 in November. We have worked to trap, neuter, release ITMRI with four different sites this year covering the full costs of over 30 adult cats (blood test for FIV, FeLV. wormlflea treatment, eartip, neuter) costing in excess of £2,515.00, whilst admitting young kittens into the shelter. We also provide food donated by the public to support the feeding of feral colonies.
Aims and Objectives for 2022 To recruit more Trustees and pro-active volunteers To promote more widely the work of Shropshire Cat Rescue To improve, develop and maintain our successful charity To create a business and work plan for the PURR Project To encourage the leaving of larger legacies to our charity to enable us to reach and maintain our vision. Thanks Our charity is extremely grateful to its Trustees, Volunteers and Benefactors, without whom our charity would not be able to support the animals and people that need us and depend upon us. Signed Date Il, January 2022 Chairman Marion Micklewright