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← Hollytrees Animal Rescue Trust (Hart)

2024-06-30-accounts

Charity registration number 1072094 (England and Wales)

HOLLYTREES ANIMAL RESCUE TRUST (HART) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

HOLLYTREES ANIMAL RESCUE TRUST (HART)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees R Dedicoat - Chairman A Dedicoat -Treasurer D Wills W Dedicoat - Secretary K Masterton Charity number 1072094 Registered office Holly Tree Packhorse Lane Hollywood Birmingham B47 5DH Auditor Sumer Auditco Limited The Beehive Beehive Ring Road London Gatwick Airport Gatwick United Kingdom RH6 OPA Bankers NatWest Bank Plc 232/235 Stratford Road Shirley Solihull West Midlands B90 3AJ - Coventry Building Society 261 Strafford Road Shirley Solihull West Midlands B90 3AL Quilter Cheviot Limited 8' Floor Two Snowhill Birmingham B4 6GA Investment advisors Jonathan Day Financial Services 1 Church Road Brewood Staffordshire ST19 9BT

HOLLYTREES ANIMAL RESCUE TRUST (HART)

CONTENTS

Page
Trustees' report 1-3
Statement ofTrustees’ responsibilities 4
Independent auditor's report 5-7
Statement offinancial activities 8
Balance sheet 9
Notestothefinancialstatements 10-17

a

HOLLYTREES ANIMAL RESCUE TRUST (HART) TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

The Trustees present their annual report and financial statements for the year ended 30 June 2024.

The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102) in preparing the annual report and financial statements of the Trust.

Hollytrees Animal Rescue Trust (HART) (“the Trust’) is governed by a Declaration of Trust dated 15 June 1998.

Objectives and activities

The Trust's operations and principal activities are to rescue and provide care and shelter for stray, abandoned, neglected and unwanted animals of all kinds; to protect animals from ill-usage cruelty and suffering; the relief of persons unable to afford veterinary fees for spaying of cats and dogs by assisting with charges; and the relief of the elderly who are unable to afford kennel costs or veterinary bills for their pets.

Public Benefit

Due regard has been given to the guidance published by the Charity Commission on public benefit.

Achievements and performance

This year has been very focused on wildlife rearing and releasing.

Our rescue and re-homing of domestic animals has obviously continued anda lot of ‘feral ‘ cats we have managed to find homes for on small holding and horse yards , with food and warmth with acres to roam and rodent patrols , still with our safety net of HART to fall back on if circumstances were to change .

Ray and the staff continue to be called to assist in the tracking and capture of animals, both wild and domestic. These are most often cases of animals being hit by cars and bolting off in fear. Ray has also been offering advice and supplies for cases of stray dogs all over the country. Ray has built a reputation of being able to trap dogs that are notoriously elusive and is often called for advice from distressed owners. In some of the hardest cases, Ray has gone out himself to help.

Being the only rescue centre in the area to take in wildlife, we set an aim to try and make more focused facilities to do so , to make rearing and releasing easier.

Our aim last year was to make life easier and greener, which we have made good progress with, we now have solar panels with battery storage facility which was dramatically reduced our electricity bill.

We have also investment in a pick-up truck to help us through the elements and terrain also a second feet member of the van is in use.

Our wildlife aim this year is to get the nursery area expanded ready for what the year brings, and general tidying up of our storage areas.

Principal risks

The trustees review the risk to which the trust is exposed on an annual basis as part of the approval of the annual business plan.

The trustees have a risk management strategy which comprises:

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Reserves Policy

The trustees have examined the trust's requirements for reserves in light of the main risks to the organisation. They have established a policy whereby reserves are sufficient to safeguard the ongoing operations of the trust, and to be able to fund necessary building improvements and development work to keep the facilities as up to date as possible. The trustees have examined the trust's requirements for reserves in light of the main risks to the organisation. They have established a policy whereby reserves are sufficient to safeguard the ongoing operations of the trust, and to be able to fund necessary building improvements and development work to keep the facilities as up to date as possible.

Financial review

During the year ended 30 June 2024 the total net income and movement in funds was £317,437 (2023 - £4,401). Total funds at 30 June 2024 amounted to £4,593,182 (2023 - £4,275,745), which are all unrestricted.

Investment policy

The trust avoids investing in high-risk strategies, so it is looking to a low risk strategy to produce the best financial return, within what the trust believe is an acceptable level of risk. The trust's investment objective is for long term capital growth in excess of inflation.

Plans for future periods

Along with continuing to update our facilities, on going maintenance over the entire site has been another focus of ours, in order to make sure that our facilities are meeting the increased demand we are experiencing. Mainly focused on a new set of isolation blocks for cats and new animal hospital facilities.

Our financial advisor continues to guide the charity on the best way to keep our investments working well, We are looking to expand our larger animal sector with the view to invest in some land to asit with this . Whilst also being available should we need them in an emergency. It is a top priority for the charity that funds are always on hand to help any animal in need of our care. We look forward to see what the rest of this year and 2025 will bring . Structure, governance and management Under the Declaration of Trust, the management of the trust is the responsibility of the trustees.

The Trustees who served during the year and up to the date of signature of the financial statements were: R Dedicoat - Chairman A Dedicoat -Treasurer D Wills W Dedicoat - Secretary K Masterton

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Auditors

In so far as the trustees are aware: - there is no relevant audit information of which the trust's auditor is unaware; and « the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The auditor, Sumer Auditco Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

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

R Dedicoat - Chairman Trustee

24 April 2025

23

HOLLYTREES ANIMAL RESCUE TRUST (HART)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024

a

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 trust and of the incoming resources and application of resources of the trust 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 trust 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 trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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HOLLYTREES ANIMAL RESCUE TRUST (HART) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HOLLYTREES ANIMAL RESCUE TRUST (HART)

Opinion

We have audited the financial statements of Hollytrees Animal Rescue Trust (HART) (the ‘trust’) for the year ended 30 June 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOLLYTREES ANIMAL RESCUE TRUST (HART)

Responsibilities of Trustees

As explained more fully in the statement of Trustees’ responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the trust's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. ‘

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www. frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOLLYTREES ANIMAL RESCUE TRUST (HART)

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permifféd by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trus 3 as a body, for our audit work, for this report, or for the opinions we have formed.

r Richard Horton FCCA (Senior Statutory Auditor)

For and on behalf of Sumer Auditco Limited, Statutory Auditor Chartered Accountants

The Beehive Beehive Ring Road London Gatwick Airport Gatwick RH6 OPA United Kingdom Ay 3 Date! scsncccie Rh: lA os

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income from:
Donations and legacies 2 273,418 87,133.
Charitable activities 525 3,588
Investments 3 90,943 52,621
Total income 364,886 143,342
Expenditure on:
Raising funds 4 15,363 14,886
Charitable activities 5 168,975 141,551
Total expenditure 184,338 156,437
Net gains/(losses) on investments 8 136,889 17,496
Net income and movement in funds 317,437 4,401
Reconciliation of funds:
Fund balances at 1 July 2023 4,275,745 4,271,344
Fundbalancesat30June2024 4,593,182 4,275,745

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

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

BALANCE SHEET

AS AT 30 JUNE 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 10 479,831 444 004
investments 11 1,380,940 1,222,916
4,860,771 1,666,920
Current assets
Debtors 12 7,415 11,735
Investments 13 752,622 734,788
Cash at bank and in hand 1,997 622 1,887,028
2,757,659 2,633,551
Creditors: amounts falling due within 14
one year (25,248) (24,726)
Net current assets 2,732,411 2,608 825
Total assets less current liabilities 4,593 182 4,275,745
The funds of the trust
Unrestricted funds 16 4,593,182 4,275,745
4,593,182 4,275,745

The aes statements were approved by the Trustees on 24 April 2025

R Dedicoat - Chairman Trustee

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HOLLYTREES ANIMAL RESCUE TRUST (HART) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ee ee ee

Charity information

Hollytrees Animal Rescue Trust (HART) is registered with the Charity Commission in the United Kingdom. The trust is governed by a declaration of trust dated 15 June 1998.

The financial statements have been prepared in accordance with the trust's Declaration of Trust dated 15 June 1998. 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 trust is a Public Benefit Entity as defined by FRS 102. The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

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

The financial statements have been prepared under the historical cost convention, modified to include investments at fair value. 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 trust 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.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income Income is recognised when the trust 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. Bank interest is accounted for when it is receivable.

Cash donations are recognised on receipt. Other donations are recognised once the trust 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 trust 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.

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

(Continued)

Resources expended include all expenditure incurred in pursuance of the trust's objectives and are accounted for on an accruals basis. The trust is not registered for VAT, and so all VAT is irrecoverable and included with related expenditure.

All expenditure is accounted for on an accruals basis and is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

1.6 Tangible fixed assets

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:

Leasehold land and buildings 4% straight line Plant and equipment 15% reducing balance Fixtures and fittings 15% reducing balance Motor vehicles 25% reducing balance

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

Fixed asset Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains/ (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment

1.8 Impairment of fixed assets

At each reporting end date, the trust 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 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.

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

Financial instruments are recognised in the trust's balance sheet when the trust 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the trust’s contractual obligations expire or are discharged or cancelled.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 31,957 34,462
Legacies 241,461 52,671
273,418 87,133
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Dividend Income 24,281 23,008
Interest Income 66,662 29,613
90,943 52,621
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Investment advisers fees 6,297 6,101
Portfolio management costs 9,066 8,785
15,363 14,886

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

5 Charitable activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Staffcosts 73,340 62,721
Depreciation and impairment 35,189 16,495
Kennel direct costs 12,502 16,448
Kennel overheads 30,945 13,645
Repairs and equipment hire 1,280 12,163
153,256 121,472
Share ofgovernance costs 15,719 20,079
168,975 141,551

Governance costs consists of audit and accounts fees. It includes payments to the auditors of £5,250 (2023£4,750) for audit.

6 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

7 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Direct staff 3 3
Employment costs 2024 2023
£ £
Wages and salaries 71,134 60,713
Other pension costs 2,206 2,008
73,340 62,721

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

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

8 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2024 2023
Gains/(losses) arising on: £ £
Movementofmarket 136,889 17,496

9 Taxation

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

10 Tangible fixed assets

Tangible fixed assets
Leasehold
land and		 Plantand
equipment		 Fixtures and
fittings		 Motor
vehicles		 Total
buildings
£ £ £ £ £
Cost
At 1 July 2023 538,327 10,881 965 10,853 561,026
Additions 26,684 - - 44,332 71,016
At 30 June 2024 565,011 10,881 965 55,185 632,042
Depreciation and impairment
At 1 July2023 102,645 5,591 508 8,277 117,021
Depreciation charged in the year 22,600 794 69 11,727 35,190
At 30 June 2024 125,245 6,385 577 20,004 162,211
Carrying amount
At 30 June 2024 439,766 4,496 388 35,181 479,831
At30June2023 435,681 5,290 457 2,576 444,004

There is no formal lease agreement for the property on which the leasehold buildings are located. The freehold title is owned by the chairman of the trustee, Ray Dedicoat. The buildings are being depreciated over 25 years on the basis that the trust will continue to be allowed to use the buildings for at least that period.

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

11. Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 July 2023 1,222,916
Additions 1,387,251
Valuation changes 136,889
Other cash movements (6,468)
Management and adviser fees (15,363)
Disposals (1,344,285)
At 30 June 2024 1,380,940
Carrying amount
At 30 June 2024 1,380,940
At 30 June 2023 1,222,916
2024 2023
Investments at fair value comprise: £ £
Equities and securities 1,333,938 1,152,726
Cash within the investment portfolio 47,002 70,190
1,380,940 1,222,916
12 Debtors
2024 2023
Amounts falling due within one year: £ £
Prepayments and accrued income 7,415 11,735
13 Current asset investments
2024 2023
£ £
Shorttermdeposits 752,622 734,788

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HOLLYTREES ANIMAL RESCUE TRUST (HART)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |14|Creditors:|amounts|falling|due|within|one|year| |2024|2023| |£|£| |Other|taxation|and|social|security|2,626|792| |Trade|creditors|321|6,243| |Other|creditors|940|791| |Accruals|and|deferred|income|21,361|16,900| |25,248|24,726| |15|Retirement|benefit|schemes| |2024|2023| |Defined|contribution|schemes|£|£| |Charge|to|profit or|loss|in|respect|of defined|contribution|schemes|2,206|2,008|

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

16 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.

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |At|1|July|2023|Incoming|Resources|Gains|and|At|30|June| |resources|expended|losses|2024| |£|£|£|£|£| |General|funds|4,275,745|364,886|(184,338)|136,889|4,593,182| |Previous|year:|At|1|July 2022|Incoming|Resources|Gains|and|=|At|30|June| |resources|expended|losses|2023| |£|£|£|£|£| |General|funds|4,271,344|143,342|(156,437)|17,496|4,275,745|

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17 Related party transactions

The only related parties are the trustees. They have not received any remuneration or expenses during the year. Certain amounts have been reimbursed for expenditure properly incurred on behalf of the trust. The trust occupies property rent free on an informal basis, the freehold of which is owned by the chairman of the trustees, Ray Dedicoat.

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