OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1071884

SHROPSHIRE CAT RESCUE

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

SHROPSHIRE CAT RESCUE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Reference and Administrative Details 1
Trustees' Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 14

SHROPSHIRE CAT RESCUE

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022

TRUSTEES D M Beaumont A Butt (appointed 19.10.22) A Callahan-Page (resigned 26.10.22) T Cross (resigned 22.9.22) M Lloyd M Micklewright S Phillips (appointed 14.11.22) S Rusby (appointed 14.11.22) H Smith PRINCIPAL ADDRESS Windyridge Lyth Hill Road Bayston Hill Shrewsbury SY3 0AU

REGISTERED CHARITY NUMBER 1071884

INDEPENDENT EXAMINER

TCA (Shrewsbury) 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 2022

The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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

The objectives of the charity are:

a - the prevention of cruelty and relief of cats and kittens who are in need of care and attention 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 to the Charity Commissions' guidance on public benefit and are satisfied that the charity constitutes 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 deficit of £80,776 compared to a surplus of £227,911 in the previous year, which is due to a decrease in the market value of investments of £155,775 (2021: £99,266 gain) without which, the accounts would show a £74,999 surplus. (2021: £128,645 surplus)

Reserves policy

It 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 £111,714 (2021: £67,215) 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 set out in the attached Chairman's report.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust dated 3rd August 1998 and constitutes an unincorporated charity.

Page 2

HROP HIRE CAT RE cu TRUSTEES. REPORT ED 31 DEC R TH 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Re¢ruitm•nt and appolntment of new trustees The management of the charity is the respmsibility of the Trusle8s who are eiecled Cov0Pt￿ under th8 of th8 Articl85 of ￿SociatIon. The TrLtstees m¢et on an 8d-hoc ba$1$ to con¥der L88ugs. Day4￿daY declsiorts In rdation lo tha organisation and managemént of thg charity are d&all with by the Chairman. New Trustets are apthnted by the TrLBlees with to the needs of the ¢harity and the parucular attributes of the iThJividuals undw consideration. IrKlucllon and training of ngw Trustees is c¢)nthKted by the Secretary. Key management remuneratlon The Trustees consider the Board of Trustees as comprksirg the kcy managem8nl personnel of thg eharty In charge of thr8cllng conlrolllng the charity and running and op8rating the charily on a day-t(>day basis. AJI Trustees give of Ihelr time freely and no Trustee remuneration or expenses were paid in the year. TRUSTEES. RESPONSIBILITY STATEMEPtr The trustees ¥e r￿[N)nsible for preparing the Trustees, ReiNyi an(f th6 finanGial statements in a￿ordanCe wtth 8pplicable law and United lfjngdom Accounting Standards (United Kingdom Generally P£cepled Accounting Practice} includirg Financial Repcbng Standard 102 "The Financial Reportiw Standard aWicat4e in the UK and Republic of Irdand.. The law applicable lo chartties in England and Wales. the Charities Acl 2011. Charlty Ikcounts and Rett)rts} ReguIats'c￿S 2008 and tho provisons of the tr￿t dJ requir￿ the tr￿le&S to prepare finanaal slalemenls for gch financi81 year whKh gfve 8 true and fair wew ()f the stale of affaiTs of the Gharity and of the i￿OrnIr resources and application of resources. ircluding the income and expenditure. of the charity for that pgriod. In prepariNJ those finan¢ial slatemerrts, trustees are reqUIr￿ to s￿￿1 Sultal￿e accounting rK4icies and then apply them consistently,. observe the methods and princi￿85 in the Charity SORP: make judgements and eslimales that are reasonable and prudent.. prepare the financial statements on the going concem basis unless It 1$ ina¥yopriate to presume that the charity will continue in bLFsiness. The trustees are r￿ponSib[￿ fly keeping woper accounting whrh di5dose wth reasonable ac£uracy at any time the financial ￿sItIon of the charity and to enabFe them to ensure that the financid sL8tements comply with the Charities Ad 2011. the Charity IAcLounls and Reports) Regulatio￿ 2￿8 and the provisions of the trust deed. Tlw are also resp￿￿Ible fu safeguardiw the ￿sets of the charity and henGe for taking reasona￿8 steps for the weventi¢M del￿tion of fraud and other irregulariti&s. Approved by order of the board of trustees ￿ ........... al￿ signed on Its behalf by: M Mickl Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHROP HIR CAT RESCUE Independent ex8miner's report to the trustees Of Shropshire Cat Rescuè I report to the tharity trustees on my examination of the ¥ccounls of Shropshire Cat Rg$¢ue {tl¥e TnJ511 for the year ended 31 December 2022. Responsibilities and basis of report As the charity twslees of the Trust you are responsible for the preparation of the at>x)tsnts in acc4)rdancE wth the requirements ofthe Charities Act 2011 I'the Act'l. I report in respect of my examination of the Twses aceounts carried out under Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Ch8rty Commission under Section 14515llbl of the Act. Independent examiner's statement Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed b¢<Jy. l ¢an confirm that l am qualified to undertake the examination because l am a member of th• Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confinn that no material m*tÈr¥ have come to my attention in eonnecbon th the examinab.on giving me cause to believe that In any material respect.. accounting rèwrds were not kept in respect of the Trust as required by Section 130 of the Ad,. or the ac¢oun15 do not accord with those records.. or the accounts do not comply with the applicable requirements ¢onceming the fomi and content of accounts set out in the Charities IAccounts and Reportsl Regul81ion5 2008 other than any requirement that the accoun15 give a twe and fair view which Is not a matter considered as part of an indèpendent exarnination. I have no concems and have come across no other matter5 in cunnection with the examination to which attention should be drawn in this report in order lo enable a proper understsnding of the accounts lo be reached. C4knoeL - QAJ LLLLQkntyL') C Moewn-williams, FCA Bsc TCA IShrÈwsburyl LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED Dale.. ..¢4h. •).lei.v.beJ 2022. Page 4

SHROPSHIRE CAT RESCUE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
General
Other trading activities
2
Investment income
3
Other income
Total
EXPENDITURE ON
Charitable activities
General
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
CONTINUING OPERATIONS		 2022
Unrestricted
funds
£
115,693
22,241
140,903
19,587
-
298,424
223,425
(155,775)
(80,776)
1,068,728
987,952		 2021
Total
funds
£
207,574
32,726
91,507
16,434
1,146
349,387
220,742
99,266
227,911
840,817
1,068,728

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 5

cu TAT ENT OF FINANCIAL PO MBE ITION 2022 Unrestricted 2021 Total fuTh15 Notes FIXED ASSETS Taroitje a5S8ts Inv8Stments 35,757 876.078 1,W1,514 CURRENT ASSErs Debtors Ca8h at bgnk in harnl 2,￿7 122.WS 72.324 CREDITORS Amounts falllrvJ due ￿thIn one y6ar 111,031) 15.110) NEf CURRENT ASSETS 111874 TOTAL ASSEfs LESS CURRENT UABILITIES 987,952 1,068.n8 NEf ASSEf8 FUNDS Unrestrict￿1 10 TOTAL FUNDS fina￿la1 statèments were aFV0v￿ by th8 Board of Trustw ￿ aUt￿￿158d $ug ..ath.&ftRtomts¢r.2Q2a............ ar#J were sigwj on its th8K ty.. M Ml¢kievKigM- Truslee The FY>tes form part of these fina￿1￿ statements P8g86

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions

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':

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% straight line

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.

Page 7

continued...

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

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 to which they relate.

Investments

Assets held for investment purposes are valued at market value at the balance sheet date. Net gains and losses arising on revaluation and disposals during the year are included in the statement of financial activities.

Debtors

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. OTHER TRADING ACTIVITIES

3.

Fundraising events
Shop income
Advertising Space
Cat Litter Sales
INVESTMENT INCOME
Dividends received		 2022
£
11,973
126,479
1,046
1,405
140,903
2022
£
19,587		 2021
£
13,022
76,149
1,393
943
91,507
2021
£
16,434

Page 8

continued...

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 207,574
Charitable activities
General 32,726
Other trading activities 91,507
Investment income 16,434
Other income 1,146
Total 349,387
EXPENDITURE ON
Charitable activities
General 220,742
Net gains on investments 99,266
NET INCOME 227,911
RECONCILIATION OF FUNDS
Total funds brought forward 840,817
TOTAL FUNDS CARRIED FORWARD 1,068,728

Page 9

continued...

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

6. TANGIBLE FIXED ASSETS

6.
TANGIBLE FIXED ASSETS		 6.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 January 2022
86,421
769
Additions
42,496
-
At 31 December 2022
128,917
769
DEPRECIATION
At 1 January 2022
80,553
769
Charge for year
12,607
-
At 31 December 2022
93,160
769
NET BOOK VALUE
At 31 December 2022
35,757
-
At 31 December 2021
5,868
-
7.
FIXED ASSET INVESTMENTS
Cash and
Listed
settlements
investments
pending
£
£
MARKET VALUE
At 1 January 2022
986,121
9,525
Additions
160,850
195,723
Disposals
(176,136)
(179,987)
Revaluations
(155,775)
-
At 31 December 2022
815,060
25,261
NET BOOK VALUE
At 31 December 2022
815,060
25,261
At 31 December 2021
986,121
9,525
There were no investment assets outside the UK.
Cost or valuation at 31 December 2022 is represented by:		 Totals
£
87,190
42,496
129,686
81,322
12,607
93,929
35,757
5,868
Totals
£
995,646
356,573
(356,123)
(155,775)
840,321
840,321
995,646
Cash and
Listed
settlements
investments
pending
£
£
Valuation in 2021
986,121
9,525
Valuation in 2022
(171,061)
15,736
815,060
25,261		 Totals
£
995,646
(155,325)
840,321
Cash and
Listed settlements
investments pending Totals
£ £ £
Valuation in 2021 986,121 9,525 995,646
Valuation in 2022 (171,061) 15,736 (155,325)
815,060 25,261 840,321

Page 10

continued...

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
10.
MOVEMENT IN FUNDS
Net
movement
At 1.1.22
in funds
£
£
Unrestricted funds
General Fund
73,082
59,389
The Purr Project
995,646
(140,165)
1,068,728
(80,776)
TOTAL FUNDS
1,068,728
(80,776)
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General Fund
278,677
(219,288)
The Purr Project
19,747
(4,137)
298,424
(223,425)
TOTAL FUNDS
298,424
(223,425)		 2022
£
2,807
2022
£
8,557
2,474
11,031
Transfers
between
funds
£
15,000
(15,000)
-
-
Gains and
losses
£
-
(155,775)
(155,775)
(155,775)		 2021
£
659
2021
£
-
5,110
5,110
At
31.12.22
£
147,471
840,481
987,952
987,952
Movement
in funds
£
59,389
(140,165)
(80,776)
(80,776)

Page 11

continued...

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.1.21
in funds
£
£
Unrestricted funds
General Fund
170,933
113,597
The Purr Project
669,884
114,314
840,817
227,911
TOTAL FUNDS
840,817
227,911
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General Fund
331,086
(217,489)
The Purr Project
18,301
(3,253)
349,387
(220,742)
TOTAL FUNDS
349,387
(220,742)		 Transfers
between
At
funds
31.12.21
£
£
(211,448)
73,082
211,448
995,646
-
1,068,728
-
1,068,728
Gains and
Movement
losses
in funds
£
£
-
113,597
99,266
114,314
99,266
227,911
99,266
227,911

Page 12

continued...

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General Fund
The Purr Project
TOTAL FUNDS		 At 1.1.21
£
170,933
669,884
840,817
840,817		 Net
movement
in funds
£
172,986
(25,851)
147,135
147,135		 Transfers
between
funds
£
(196,448)
196,448
-
-		 At
31.12.22
£
147,471
840,481
987,952
987,952

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
The Purr Project
TOTAL FUNDS		 Incoming
resources
£
609,763
38,048
647,811
647,811		 Resources
expended
£
(436,777)
(7,390)
(444,167)
(444,167)		 Gains and
Movement
losses
in funds
£
£
-
172,986
(56,509)
(25,851)
(56,509)
147,135
(56,509)
147,135

The PURR Project Fund (Plan for Ultimate Rescue Relocation) 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.

Page 13

continued...

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

11. RELATED PARTY DISCLOSURES

During the year Trustees made donations to charity totalling £386 (2021: £265).

During the period, payments of £1,322 (2021: £1,322) were made to R Micklewright, a close member of a trustee, in respect of Shelter Costs incurred during the year.

Page 14

Registered Charity No: 1071884

“Nurturing respect and compassion for life”

Chairman’s Report 2022

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:

Our 2022 Achievements

Our new shop in Mardol, Shrewsbury has proved successful attracting more footfall, better working conditions for our volunteers and better vehicular access enabling more deliveries of unwanted goods to be made.

Our shelter has received an influx of guinea pigs which have now been introduced to a large outdoor enclosure enabling them to run as a herd having castrated all the males. Our intention is to show the visiting public how guinea pigs prefer to live and how they can be enjoyed by watching them in a more natural environment.

Rehoming of our cats has been slower this year due to so many needing veterinary operations prior to being placed on the adoption list. This has been put down to the “Cost of living crisis”. However, we pride ourselves on ensuring that all cats that are admitted into our care are treated for any medical issues provided that the cat will have quality life.

After the two major storms at the beginning of the year, we were forced to replace not only guinea pig hutches for one big enclosure but also the security fencing of our village, replacing netting for metal which is stronger and longer lasting. The fencing provides security and safety for our elderly cats who live in seven dwellings within the Village complex.

Volunteers rallied to the aid of the Ukrainian pets, ousted by the war, by acting as a collection point and arranging a large lorry to deliver to Poland, the response was huge and a second appeal was launched attracting other animal charities to join in the collection of animal food, toys, bedding and cages.

We completed our Business Plan which will support our PURR Project.

Our social media impact is widening and strengthening.

Our shelter Open Days were relaunched after two years of Covid and lockdowns. An online booking system was introduced to monitor and control the flow of excited visitors, many of which had missed visiting the animals.

Trustees

Current: Marion Micklewright Chairman

Helen Smith

Anne Butt

Sam Rushby

Susie Phillips

Statistics

Aims and Objectives for 2023

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.

Date 29[th] January 2023

Signed Chairman Marion Micklewright