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← Shropshire Cat Rescue

2024-12-31-accounts

SHROPSHIRE CAT RESCUE

Charity registration number 1071884

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

SHROPSHIRE CAT RESCUE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs M L Micklewright
Mrs S J Phillips
Mrs S A Rushby
Mrs D M Beaumont
Mrs M Lloyd
Miss S Barnes (Appointed 3 December 2024)
Charity number 1071884
Principal address Windyridge
Lyth Hill Road
Bayston Hill
Shrewsbury
Shropshire
SY3 0AU
Independent examiner Dyke Yaxley Limited
1 Brassey Road
Old Potts Way
Shrewsbury
Shropshire
SY3 7FA

SHROPSHIRE CAT RESCUE

CONTENTS

Page
Chairman's Report 1 - 2
Trustees' report 3 - 4
Statement of Trustees' responsibilities 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 17

SHROPSHIRE CAT RESCUE

CHAIRMAN'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024 Achievements

We took on two part-time paid members of staff. Juliette accepted the role of part-time bookkeeper and administrator. Kate accepted the six-month contract as part-time administrator. We have created an additional office space in our vet room.

Our sponsorship programme has continued to grow thanks to the dedicated management of our trustee Sam Rushby. Sponsorship raised just over £13,000 this year.

Susie Phillips and I attended the Smiley Charitable Film Awards in Leicester Square, London having been nominated for Susie’s film “Rudy Reporting on Kitten Influx”. We were very fortunate to be awarded the “People’s Choice” award by our wonderful supporters and so came back with a trophy and good publicity.

Later in the year Susie and I also attended the Big Syn charitable film awards in Piccadilly Circus, London. Whilst we didn’t secure an award, we were commended for our films content and appeal.

We now pay a local physiotherapist to visit the shelter weekly to carry out her “magical” work on some of our elderly or injured cats suffering with joint issues. This has proved to be a worthwhile investment as differences in the cat’s abilities to walk, run and jump have been noted.

A local film maker volunteered her time and expertise to make a short film for us. Using a storyline written many years back, the film featured one of our village cats who gave a stunning debut performance as Henry and the rest can be viewed on Facebook and YouTube. The film will be submitted to the Smiley awards in the hope that we might stand a chance of seeing the film on a huge screen.

This has been a particularly difficult year for us in terms of being affected by not only the Cost-of-Living crisis with people wanting their cats rehomed as they can no longer afford to keep them, but also due to the larger corporate veterinary company’s putting up their prices which has definitely had an adverse effect on charities having to take in displaced animals. 95% of all cats being admitted into our shelter this year have had to be neutered, microchipped, vaccinated, de-flead, wormed and receive some form of veterinary treatment (usually a dental). Whilst our adoption fees remain one of the lowest in the country, our concern would be that raising them would result in people seeking out “free to good home” or cheaper options on the internet.

Despite the increase in number of calls and enquiries for help, we managed to create an additional twelve temporary spaces at the shelter to accommodate the more desperate cases (quite an achievement).

We were nominated to receive an award for Best Animal Charity by BBC Radio Shropshire. My husband, Richard, and I attended and were more than a little taken aback when we won and returned with another trophy.

SHROPSHIRE CAT RESCUE

CHAIRMAN'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Trustee Anne Butt resigned this year but continues to volunteer in our Mardol shop. We have since recruited a new Trustee Savina Barnes who will be our Shop Liaison Officer.

Our fundraiser Carol Beeles resigned at the end of the year. We have no replacement but will be looking at different ways of bringing in the money needed to support our charity.

Afternoon teas, Book Buddies and visits to the shelter continue to be popular and successful and our mascot “Mickey” continues to raise money through walking events around the country boosting our profile wherever he goes.

Our shop in Mardol, Shrewsbury has continued to be popular and successful with the money raised being used to support the shelter. We have won several “Best dressed window” competitions throughout the year which serves as a boost to our hardworking volunteers.

Statistics

Aims and Objectives for 2025

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.

.............................. Marion Micklewright BEM Chairman

Date: ......................... 21/06/2025 21/06/2025

SHROPSHIRE CAT RESCUE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

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 £123,710 compared to a surplus of £130,515 in the previous year, which is partly due to an increase in the market value of investments of £4,116 (2023: £33,502 increase) without which, the accounts would show a £119,594 surplus (2023: £97,013 surplus).

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.

Reserves policy

It is the policy of the charity that the minimum level of the reserves held should be £235,000 which is equal to one year’s operational costs and ongoing approved bids. Reserves are made up of cash held at the bank and potential Charity investments. Cash held at bank should range between £200,000-£500,000.

Cash held above £500,000 will be considered for investment as per the investment policy. If cash is forecast to fall below £500,000 the Charity will seek to maintain the £500,000 lower cash limit by working capital management or potentially converting shares held to cash. Reserves held above the maximum level will be considered for utilisation to fund projects to further the objectives of the Charity.

As at 31 December 2024, the charity’s level of free reserves stands at £288,834 (2023: £213,992). Free reserves are calculated as total unrestricted funds, excluding designated funds, and any unrestricted funds tied up in tangible fixed assets. The trustees consider this sufficient to cover at least 12 months wages.

The calculation is as follows:

SHROPSHIRE CAT RESCUE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Plans for future periods

Details of future plans have been set out in the attached Chairman's report.

Structure, governance and management

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

The Trustees who served during the year and up to the date of signature of the financial statements were: Mrs M L Micklewright

Mrs S J Phillips Mrs S A Rushby Miss A H C Butt (Resigned 14 March 2024) Mrs D M Beaumont Mrs M Lloyd Miss S Barnes (Appointed 3 December 2024)

Recruitment and appointment of trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The Trustees meet on an ad-hoc basis to consider issues. Day-to-day decisions in relation to the organisation and management of the charity are dealt with by the Chairman.

New Trustees are appointed by the Trustees with reference to the needs of the charity and the particular attributes of the individuals under consideration.

Induction and training of new Trustees is conducted by the Secretary.

Remuneration policy

The Trustees consider the Board of Trustees as comprising the key management personnel of the charity in charge of directing and controlling the charity, and running and operating the charity on a day-to-day basis.

All Trustees give of their time freely and no Trustee remuneration or expenses were paid in the year.

The Trustees' report was approved by the Board of Trustees.

.............................. Mrs M L Micklewright Trustee

Date: ............................................. 21/06/2025

SHROPSHIRE CAT RESCUE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SHROPSHIRE CAT RESCUE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHROPSHIRE CAT RESCUE

I report to the Trustees on my examination of the financial statements of Shropshire Cat Rescue (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants (ACCA), which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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:

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 financial statements to be reached.

Audrey Williams FCCA Dyke Yaxley Limited

1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA

Dated: ......................... 24/06/2025

SHROPSHIRE CAT RESCUE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income from:
Donations and legacies 2 184,460 131,492
Charitable activities 3 40,157 42,476
Other trading activities 4 130,285 130,325
Investments 5 29,400 23,734
Total income 384,302 328,027
Expenditure on:
Raising funds 6 4,528 550
Charitable activities 7 260,180 230,464
Total expenditure 264,708 231,014
Net gains/(losses) on investments 12 4,116 33,502
Net income and movement in funds 123,710 130,515
Reconciliation of funds:
Fund balances at 1 January 2024 1,118,467 987,952
Fund balances at 31 December 2024 1,242,177 1,118,467

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

SHROPSHIRE CAT RESCUE

BALANCE SHEET

AS AT 31 DECEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 14 22,751 28,320
Investments 15 921,196 896,147
943,947 924,467
Current assets
Stocks 16 572 -
Debtors 17 19,091 24,214
Cash at bank and in hand 307,466 201,995
327,129 226,209
Creditors: amounts falling due within 18
one year (28,899) (32,209)
Net current assets 298,230 194,000
Total assets less current liabilities 1,242,177 1,118,467
The funds of the charity
Unrestricted funds 20 1,242,177 1,118,467
1,242,177 1,118,467

The financial statements were approved by the Trustees on ......................... 21/06/2025

.............................. Mrs M L Micklewright Trustee

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Shropshire Cat Rescue is an unincorporated charity, constituted under a Declaration of Trust and is registered with the Charity Commission for England and Wales, registration number 1071884. The address of the principal office is Windyridge, Lyth Hill Road, Bayston Hill, Shrewsbury, SY3 0AU.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 20% Straight Line Computers 33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset 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.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13 Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 67,834 117,665
Legacies 116,626 11,177
Grants - 2,650
184,460 131,492
Income from charitable activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
General
Other income 40,157 42,476

3 Income from charitable activities

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising events 9,419 10,513
Shop income 116,485 115,973
Advertising space 1,095 1,425
Cat litter sales 3,286 2,414
Other trading activities 130,285 130,325

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Income from listed investments 23,868 21,624
Interest receivable 5,532 2,110
29,400 23,734

6 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Advertising - 190
Other fundraising costs 545 360
545 550
Investment management 3,983 -
Total costs 4,528 550

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Expenditure on charitable activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Direct costs
Depreciation and impairment 9,555 10,297
Shop and Cafe costs 27,186 25,548
Software and subscriptions 2,868 2,676
Cat supplies 31,581 20,840
Education and training 157 648
Veterinary and medicine 115,307 94,855
Shelter costs 13,619 26,387
Miscellaneous - 536
200,273 181,787
Share of support and governance costs (see note 8)
Support 59,403 47,877
Governance 504 800
260,180 230,464
Analysis by fund
Unrestricted funds 260,180 230,464
8 Support costs allocated to activities
2024 2023
£ £
Staff costs 36,003 14,190
Bank charges 4,665 4,135
Computer costs 1,526 784
Rates 8,055 17,048
Postage, printing and stationery 4,720 5,500
Insurances 1,805 2,782
Motor expenses 1,603 1,820
Accountancy 1,008 1,600
Miscellaneous 18 18
Governance costs 504 800
59,907 48,677
Analysed between:
Unrestricted funds 59,907 48,677

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

9 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 504 800
Depreciation of owned tangible fixed assets 9,555 10,297

10 Trustees

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

During the year, expenses totalling £3,699 were reimbursed to 4 Trustees (2023: £nil). There were no amounts outstanding at the year end (2023: £nil).

The expenses were for purchases made on behalf of the charity during the year.

11 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
2 1
Employment costs 2024 2023
£ £
Wages and salaries 35,343 14,312
Other pension costs 660 (122)
36,003 14,190

There were no employees whose annual remuneration was more than £60,000.

12 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2024 2023
Gains/(losses) arising on: £ £
Revaluation of investments (17,640) 44,225
Sale of investments 21,756 (10,723)
4,116 33,502

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Fixtures and Fixtures and Computers Total
fittings
£ £ £
Cost
At 1 January 2024 130,851 1,694 132,545
Additions 1,455 2,531 3,986
At 31 December 2024 132,306 4,225 136,531
Depreciation and impairment
At 1 January 2024 103,352 873 104,225
Depreciation charged in the year 9,101 454 9,555
At 31 December 2024 112,453 1,327 113,780
Carrying amount
At 31 December 2024 19,853 2,898 22,751
At 31 December 2023 27,499 821 28,320
15 Fixed asset investments
Listed Cash in Total
investments portfolio
£ £ £
Cost or valuation
At 1 January 2024 869,274 26,873 896,147
Additions 250,920 203,969 454,889
Valuation changes (17,640) - (17,640)
Disposals (229,095) (183,105) (412,200)
At 31 December 2024 873,459 47,737 921,196
Carrying amount
At 31 December 2024 873,459 47,737 921,196
At 31 December 2023 869,274 26,873 896,147
16 Stocks
2024 2023
£ £
Finished goods and goods for resale 572 -

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

17 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
1,292
11,000
6,799
19,091		 2023
£
-
18,998
5,216
24,214

Shropshire Cat Rescue have been made aware of an entitlement to two legacies however there is uncertainty as to the amount of the payment and therefore no provision has been made in these accounts.

18 Creditors: amounts falling due within one year

Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
19
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
951
25,571
-
2,377
28,899
2024
£
660		 2023
£
(178)
29,622
365
2,400
32,209
2023
£
(122)

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
The Purr Project
General funds		 1 January
2024
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2024
£
£
£
£
£
876,155
50,321
-
4,116
930,592
242,312
333,981
(264,708)
-
311,585
1,118,467
384,302
(264,708)
4,116
1,242,177		 1 January
2024
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2024
£
£
£
£
£
876,155
50,321
-
4,116
930,592
242,312
333,981
(264,708)
-
311,585
1,118,467
384,302
(264,708)
4,116
1,242,177
1,242,177

SHROPSHIRE CAT RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

20 Unrestricted funds (Continued)
Previous year: At 1 January Incoming Resources Gains and At 31
2023 resources expended losses December
2023
£ £ £ £ £
The Purr Project 840,481 2,172 - 33,502 876,155
General funds 147,471 325,855 (231,014) - 242,312
987,952 328,027 231,014 33,502 1,118,467

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.

21 Related party transactions

During the year, Trustees made donations to the charity totalling £nil (2023: £386).

During the year, payments of £1,322 (2023: £1,322) were made to R Micklewright, a close family member of a trustee, in respect of Shelter Costs incurred.