REGISTERED CHARITY NUMBER: 1072091
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
THE HEATONS ANIMAL RESCUE GROUP
Moss & Williamson Limited Chartered Accountants
3 Mellor Road Cheadle Hulme Cheadle Cheshire SK8 5AT
THE HEATONS ANIMAL RESCUE GROUP
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| Notes to the Financial Statements | 9 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
THE HEATONS ANIMAL RESCUE GROUP
REPORT OF THE TRUSTEES for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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
We are an independent charity based in Manchester Road in Stockport. Our mission statement is to take in stray, abandoned and unwanted cats, to provide food, shelter and veterinary care for these animals where required, and to rehome where possible to responsible owners. As long as the quality of life is good, we will endeavour to look after the cats regardless of age or cost of veterinary for the charity.
We also actively promote the " all cats should be neutered" message, both in the Rescue and on our social media posts.
We have a charity shop, and our income is from the shop, direct donations, fundraising and from rehoming fees from our cats. Our aims are to:
- Generate increased amounts of income to bridge the current growing gap between income and expenditure - Increase awareness of the necessity to neuter, and raise awareness of the challenges faced by Rescues and their need for practical support
In order to deliver our aims and objectives, our focus is very much on the financial picture, and how we can lessen the gap between our increasing expenses and our income
Significant activities
As stated in our Constitution, we are committed to rescuing domestic animals (cats), and take in stray or unwanted cats.All the cats with us receive the best possible care. We ensure that each cat is fully vaccinated, has vet checks, flea and worm treatment and is neutered if old enough. We have a rehoming policy which involves face to face meetings with potential adopters, ID checks and a home check. We also undertake post adoption checks by phone to ensure the cat is well settled. We offer a full Rescue back up following adoption, and in the rare event that a cat is not settled in his new home, we will take the cat back. We are committed to a high standard of care with regular staff and volunteer training and reviews, and thorough ongoing maintenance and repair of our cat pens, cubicles and rooms.
We would never euthanise a healthy cat, and euthanasia is only done on the recommendation of our vet when the prognosis for the cat is poor.
In order to deliver this, our focus is very much on the financial picture, and how we can close the current gap between income and expenditure.
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THE HEATONS ANIMAL RESCUE GROUP
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE The challenges of 2023/2024
We continued to explore all avenues of income generation, including ensuring the shop is well stocked and attractively laid out, and that all fundraising opportunities are explored .
The demand for rehoming has never been so high, and we are sadly unable to help in more than 50% of cases. There are many more strays, and a significant increase in requests for rehoming of family cats citing the cost of living as the main factor. There has been an increase in the number of unspayed and un neutered cats, and those who are abandoned. Aside from elderly people being admitted into nursing care, the most frequent reason given is that people are moving and the new landlord will not accept pets. Clearly, we have a finite number of pens, and regrettably have to turn away people desperate to rehome their pets.
We recognise the need for further education on the necessity of neutering cats at a young age: we encounter multiple examples of families with an un neutered mixed pair where the female has already produced one litter, and is pregnant again. Also, very few cats are microchipped, making reuniting strays with owners an almost impossible task.
Achievement and Performance
Financial Performance
Financial Summary 2023-2024
Our overall income for the period was up from £73,548 in the previous year to £106,927. This is largely due to an increase in interest and investments : the £250k invested earned net interest of £3193 and there was also an increase in the value of the investment of £8593 in the period up to March 2024.We also saw an increase in our trading activity, and in legacies and funeral donations.
Our expenditure was slightly lower in the year ending March 2024 at £149,183 versus £154,162 in the previous year. This is down to several factors: despite the increases in the national living wage in the period to March 2023 we had a member of staff on Maternity Leave which increased our expenditure on salaries. Our utility bills were more than £3500 higher in this year, but our vet bill was very marginally lower at £37,900 versus £42,000 in the previous period. This is purely down to the fact that we had a couple of large surgeries/procedures in the year to March 2023, and several sick kittens requiring long term veterinary care. Our net funds at 31 03 24 stand at £458,191 versus £500,447 to the same period in 2023. This reflects the gap between income and expenditure which is the real challenge for ongoing years, and one which we continue to address through strict financial management, careful investments and a proactive fundraising strategy.
FUTURE FINANCIAL PLANS AND STRATEGIES
We still have plans to refurbish the large downstairs cat area which houses our Mother cats and their kittens. To undertake this, we need to have the cubicles unoccupied, and this has not been possible this year so far as demand for space has been so high. It is scheduled for February 2025
We have actively tried to help families who cannot afford to neuter their cat or even feed it, by supplying food and a neuter and return to owner scheme, which is still very much in its infancy. ,
We are constantly exploring new opportunities to expand our sales from just the shop with car boot sales, jumble sales, one off sales outside our shop and using both Ebay and Vinted.
This Trustees report is approved by all the Trustees, dated 25th January 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Charity constitution
The Heatons Animal Rescue Group was founded in June 1998, and registered with the Charity Commission as an unincorporated charity. There are currently six trustees: our constitution sets out that there are a minimum of five and a maximum of eight.
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THE HEATONS ANIMAL RESCUE GROUP
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Decision making
All our trustees are fully aware of their duties and obligations in the role of trustee. Upon appointment, they are trustees until they submit an official resignation, and we constantly re evaluate the skill set of existing board members so, if the opportunity arises, we can recruit to fill in any gaps in areas of expertise.
We meet as a board at least once a quarter, and are all updated on financial status and key issues relating to the running of the charity shop or Sanctuary. All decisions are made jointly following a consultation with all trustees.
Risk management
We have the following policies, which are updated annually. The Covid policy is updated in line with Government policy changes:
-
Safeguarding
-
Health and Safety
-
Equality and Diversity
-
Volunteer obligations and conduct
-
MAT leave - Rehoming and adoption policy Risk assessments are done regularly where necessary. We organise several fundraising events each year, and a formal risk assessment is carried out at the time of booking each event.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1072091
Principal address
406A Manchester Road Stockport Cheshire SK4 5BY
Trustees
A Bold Y Wilkes A Wright S Blundell A Churchley A Rumble
Independent Examiner
Moss & Williamson Limited Chartered Accountants 3 Mellor Road Cheadle Hulme Cheadle Cheshire SK8 5AT
Approved by order of the board of trustees on 31 January 2025 and signed on its behalf by:
A Wright - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HEATONS ANIMAL RESCUE GROUP
Independent examiner's report to the trustees of The Heatons Animal Rescue Group
I report to the charity trustees on my examination of the accounts of The Heatons Animal Rescue Group (the Trust) for the year ended 31 March 2024.
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 2. 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.
Andrew E Booth FCA
Moss & Williamson Limited Chartered Accountants 3 Mellor Road Cheadle Hulme Cheadle Cheshire SK8 5AT
31 January 2025
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THE HEATONS ANIMAL RESCUE GROUP
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 17,199 Other trading activities 3 74,042 Investment income 4 15,686 Total 106,927 EXPENDITURE ON Charitable activities 5 Animal rescue and re-homing 149,183 NET INCOME/(EXPENDITURE) (42,256) RECONCILIATION OF FUNDS Total funds brought forward 500,447 TOTAL FUNDS CARRIED FORWARD 458,191 |
2023 Total funds £ 2,256 |
|---|---|
| 69,016 | |
| 2,276 | |
| 73,548 | |
| 154,162 | |
| (80,614) | |
| 581,061 | |
| 500,447 |
The notes form part of these financial statements
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THE HEATONS ANIMAL RESCUE GROUP
BALANCE SHEET
31 March 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Investments 10 261,786 Cash at bank 196,405 458,191 NET CURRENT ASSETS 458,191 TOTAL ASSETS LESS CURRENT LIABILITIES 458,191 NET ASSETS 458,191 FUNDS 11 Unrestricted funds 458,191 TOTAL FUNDS 458,191 |
2023 Total funds £ - 500,447 |
|---|---|
| 500,447 | |
| 500,447 500,447 |
|
| 500,447 | |
| 500,447 500,447 |
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2025 and were signed on its behalf by:
A Wright - Trustee
The notes form part of these financial statements
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THE HEATONS ANIMAL RESCUE GROUP
CASH FLOW STATEMENT for the Year Ended 31 March 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ (319,728) (319,728) 15,686 15,686 (304,042) 500,447 196,405 |
2023 |
|---|---|---|
| £ | ||
| (82,890) (82,890) 2,276 2,276 (80,614) 581,061 500,447 |
The notes form part of these financial statements
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THE HEATONS ANIMAL RESCUE GROUP
NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 March 2024
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Net expenditure for the reporting period (as per | the Statement | |||
| of Financial Activities) | (42,256) | (80,614) | ||
| Adjustments for: | ||||
| Interest received | (15,686) | (2,276) | ||
| Purchase of investments | (261,786) | - | ||
| Net cash used in operations | (319,728) | (82,890) | ||
| ANALYSIS OF CHANGES IN NET FUNDS | ||||
| At 1.4.23 | Cash flow | At 31.3.24 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | 500,447 | (304,042) | 196,405 | |
| 500,447 | (304,042) | 196,405 | ||
| Liquid resources | ||||
| Deposits included in cash | - | - | - | |
| Current asset investments | - | 261,786 | 261,786 | |
| - | 261,786 | 261,786 | ||
| Total | 500,447 | (42,256) | 458,191 |
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
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THE HEATONS ANIMAL RESCUE GROUP
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024
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.
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.
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.
2. DONATIONS AND LEGACIES
| Donations Legacies |
2024 £ 7,029 10,170 17,199 |
2023 |
|---|---|---|
| £ | ||
| 1,956 300 2,256 |
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THE HEATONS ANIMAL RESCUE GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
| 3. OTHER TRADING ACTIVITIES Fundraising events Shop, direct donations etc 4. INVESTMENT INCOME Deposit account interest Curr asset inv income Increase in investment value 5. CHARITABLE ACTIVITIES COSTS Animal rescue and re-homing 6. SUPPORT COSTS Animal rescue and re-homing 7. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' social security Trustees' pensions paid |
Direct Costs £ 147,983 |
2024 2023 £ £ 2,754 50 71,288 68,966 74,042 69,016 2024 2023 £ £ 3,900 2,276 3,193 - 8,593 - 15,686 2,276 Support costs (see note 6) Totals £ £ 1,200 149,183 Governance costs £ 1,200 2024 2023 £ £ 33,228 39,406 1,277 1,341 1,053 1,058 35,558 41,805 |
|---|---|---|
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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THE HEATONS ANIMAL RESCUE GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
8. STAFF COSTS
| Wages and salaries Social security costs The average monthly number of employees during the year was as follows: Admin and shop No employees received emoluments in excess of £60,000. 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Charitable activities Animal rescue and re-homing NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 2023 £ £ 66,965 67,673 1,277 1,341 68,242 69,014 2024 2023 7 7 Unrestricted fund £ 2,256 69,016 2,276 73,548 154,162 (80,614) 581,061 500,447 |
|---|---|
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THE HEATONS ANIMAL RESCUE GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
10. CURRENT ASSET INVESTMENTS
| Castlefield Investments 11. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 500,447 TOTAL FUNDS 500,447 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 106,927 TOTAL FUNDS 106,927 Comparatives for movement in funds At 1.4.22 £ Unrestricted funds General fund 581,061 TOTAL FUNDS 581,061 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 73,548 TOTAL FUNDS 73,548 |
2024 £ 261,786 Net movement in funds £ (42,256) (42,256) Resources expended £ (149,183) (149,183) Net movement in funds £ (80,614) (80,614) Resources expended £ (154,162) (154,162) |
2023 £ |
||
|---|---|---|---|---|
| - | ||||
| At 31.3.24 £ 458,191 458,191 Movement in funds £ (42,256) (42,256) At 31.3.23 £ 500,447 500,447 Movement in funds £ (80,614) (80,614) |
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THE HEATONS ANIMAL RESCUE GROUP
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 581,061 581,061 |
Net movement in funds £ (122,870) (122,870) |
At 31.3.24 £ 458,191 |
|---|---|---|---|
| 458,191 |
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 TOTAL FUNDS |
Incoming resources £ 180,475 180,475 |
Resources Movement expended in funds £ £ (303,345) (122,870) (303,345) (122,870) |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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THE HEATONS ANIMAL RESCUE GROUP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Legacies Other trading activities Fundraising events Shop, direct donations etc Investment income Deposit account interest Curr asset inv income Increase in investment value Total incoming resources EXPENDITURE Charitable activities Trustees' salaries Trustees' social security Trustees' pensions paid Wages Utilities Vet fees Cat food, meds & cleaning Building maintenance & Ins Support costs Governance costs Accountancy and legal fees Total resources expended Net expenditure |
2024 £ 7,029 10,170 17,199 2,754 71,288 74,042 3,900 3,193 8,593 15,686 106,927 33,228 1,277 1,053 33,737 11,003 37,913 26,790 2,982 147,983 1,200 149,183 (42,256) |
2023 £ 1,956 300 2,256 50 68,966 69,016 2,276 - - 2,276 73,548 39,406 1,341 1,058 28,267 7,591 42,173 26,653 7,673 154,162 - 154,162 (80,614) |
|---|---|---|
This page does not form part of the statutory financial statements
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